EnerSys (ENS) Status update summary

Strategic positioning and market focus

• Focused on niche markets with deep customer relationships, avoiding mass-market EV and open C&I segments.

• Holds leading positions in network infrastructure, warehousing logistics, and aerospace/defense.

• Largest supplier of energy storage systems to the U.S. military and allied forces.

• Proprietary knowledge and bundled solutions provide a competitive edge in specialized applications.

• Application stacking and customer intimacy drive differentiation from larger battery manufacturers.

Growth strategy and operational initiatives

• Energize program focuses on optimizing core business, operational excellence, and accelerating growth.

• Strong cash generation and low leverage enable internal investment, M&A, and share buybacks.

• Centers of excellence established for specialized operational and manufacturing expertise.

• Recent acquisitions, such as Bren-Tronics and Rebel, enhance vertical integration and value add.

• Entrepreneurial culture and rapid execution enable quick response to customer needs.

Data center and lithium battery opportunity

• Holds 55% U.S. market share in lead-acid batteries for data centers; now launching lithium offerings.

• Lithium batteries expected to drive robust growth, with customer trials underway.

• Sales lift from lithium in data centers anticipated in fiscal 2028, with quoting already in progress.

• Transition to 800V DC architecture seen as a volume driver for battery sales.

• Deep relationships and master agreements with hyperscalers expedite product adoption.