報告_OCP2026_Vertiv_800VDC轉換就緒_20261015

PDF 原檔：報告_OCP2026_Vertiv_800VDC轉換就緒_20261015_original.pdf

講者公開簡報（OCP 官方 Recorded Content 頁提供下載）。文字以 PyMuPDF 逐頁抽取，### p<n> 為頁碼；圖表內容見原檔。

圖片清單（已驗證 2026-10-19）

原始內容

p1

2026 OCP Global Summit October 2026 Future-Readiness for the 800 VDC Transition

p2

©2026 Vertiv. All Rights Reserved. Cautionary Statement Regarding Forward-Looking Statements 2 This presentation, and other statements that Vertiv may make in connection therewith, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to Vertiv’s future financial or business performance, strategies or expectations, and as such are not historical facts. This includes, without limitation, statements regarding Vertiv’s financial position, capital structure, indebtedness, business strategy and plans and objectives of Vertiv management for future operations, as well as statements regarding growth, anticipated demand for our products and services and our business prospects during 2026 and beyond. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Vertiv cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this presentation, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained or incorporated by reference in this presentation are based on current expectations and beliefs concerning future developments and their potential effects on Vertiv. There can be no assurance that future developments affecting Vertiv will be those that Vertiv has anticipated. Vertiv undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Vertiv’s control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Vertiv has previously disclosed risk factors in its Securities and Exchange Commission (“SEC”) reports, including those set forth in the Vertiv 2025 Annual Report on Form 10-K filed with the SEC on February 13, 2026 and Form 10-Q filed on July 29, 2026. These risk factors and those identified elsewhere in this presentation, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: risks relating to a decrease in continued growth of our customers’ markets; long sales cycles for certain Vertiv products and solutions offerings, as well as unpredictable placing or canceling of customer orders; failure to realize sales expected from our backlog of orders and contracts; disruption of or consolidation in our customer’s orders or markets, or categorical shifts in customer technology spending; less leverage with large customer contract terms; failure to mitigate risks associated with long-term fixed price contracts; competition in the industry in which we operate in a highly competitive environment; failure to obtain performance and other guarantees from financial institutions; government contracts may contain onerous terms and subject us to audits, investigations, and potential penalties, sanctions, or fines; risks associated with production cost changes and supply chain management; risks associated with failing to anticipate market changes and develop competitive products in a timely manner; risks associated with information technology disruption or cyber-security incidents; risks associated with the implementation and enhancement of information systems; failure to realize the expected benefit from any rationalization, restructuring, and improvement efforts; disruption of, or changes in, Vertiv’s independent sales representatives, distributors and original equipment manufacturers; increase of variability in our effective tax rate due to global operations subjecting us to income and other taxes in the U.S. and numerous foreign entities; costs or liabilities associated with product liability and damage to our reputation and brands; the global scope of Vertiv’s operations, especially in emerging markets; failure to benefit from future significant corporate transactions; risks associated with operating and expanding global production facilities; risks associated with future legislation and regulation of Vertiv’s customers’ markets both in the United States and abroad; our ability to comply with various laws and regulations, including, but not limited to, laws and regulations relating to data protection and data privacy; failure to properly address legal compliance issues, particularly those related to imports/exports, anti-corruption laws, and foreign operations; risks associated with export controls, import restrictions, and sanctions programs; risks associated with foreign trade policies, including tariffs or global trade conflicts; risks associated with litigation or claims against the Company, including the risk of adverse outcomes in any such legal claims or proceedings; our ability to protect or enforce our intellectual property and proprietary rights on which our business depends and risk of third-party intellectual property infringement claims; liabilities associated with environmental, health and safety matters; risks related to various environmental and sustainability- related matters, metrics and goals which may impact our business and reputation; failure to realize the value of goodwill and intangible assets; exposure to fluctuations in foreign currency exchange rates; failure to remediate material weaknesses in our internal controls over financial reporting; our level of indebtedness and ability to comply with covenants included in our debt documents; our ability to access funds through capital markets; resales of Vertiv securities may cause volatility in the market price of our securities; our organizational documents contain provisions that may discourage unsolicited takeover proposals; our certificate of incorporation includes a forum selection clause, which could discourage or limit stockholders’ ability to make a claim against us; the ability of our subsidiaries to pay dividends; factors relating to the business, operations and financial performance of Vertiv and its subsidiaries, including: global economic weakness and uncertainty; our ability to attract, train and retain key members of our leadership team and other qualified personnel; the adequacy of our insurance coverage; fluctuations in interest rates materially affecting our financial results and increasing the risk our counterparties default on our interest rate hedges; our incurrence of significant costs and devotion of substantial management time as a result of operating as a public company; and other risks and uncertainties indicated in Vertiv’s SEC reports or documents filed or to be filed with the SEC by Vertiv. Forward-looking statements included or incorporated by reference in this presentation speak only as of the date of this presentation or any earlier date specified for such statements. All subsequent written or oral forward-looking statements attributable to Vertiv or persons acting on Vertiv’s behalf may be qualified in their entirety by this Cautionary Statement Concerning Forward-Looking Statements.

p3

©2026 Vertiv. All Rights Reserved. 800 VDC is coming… are you ready? 3 The aim should be to avoid disruptive rip and replace…while retaining flexibility. 145 kW Gen 1: NVIDIA GB300 NVL72 · today 415 / 480 VAC + 48–54 V DC 230-330 kW Gen 2: NVIDIA Vera Rubin NVL72 · ramping into full production 800 VDC pilots 570 kW Gen 3 800 VDC required 1 MW Gen 4 800 VDC required The question is: Are you building for future loads today, i.e., future-ready? OR Are you building for today's load and hoping you can retrofit later? Sources: Scaling AI Factories: 800 VDC Architecture, Development, and Deployment for High-Density Computing NVIDIA Vera Rubin Ramps Into Full Production to Power Agentic AI Factories Worldwide

p4

©2026 Vertiv. All Rights Reserved. 4 Capacitor sidecar 800 VDC 800 VDC to the Pod GPU Pod 800 VDC Best for higher-density AI and mixed environments with AC loads MV to 800 VDC Power grid MV switchgear MV DC UPS or SST 800V DC Primary gen. BESS MV AC Vertiv Power Centers with/Battery Backup Multi-Pod LV AC to the Rack 50 VDC GPU LV AC Best for cloud and AC loads Best for integrating AI into existing AC infrastructure 800 VDC LV AC 800 VDC to the Rack 800 VDC sidecar GPU Best for integrating 800 VDC into existing AC infrastructure LV to 800 VDC Power grid MV switchgear 800V DC Primary gen. BESS MV AC LV AC Power grid LV switchgear UPS w/backup LV AC Backup gen. MV AC MV switchgear AC (LV to LV) Sources Loads Optionality versus future-readiness AC (MV to LV) MV switchgear LV AC MV BESS UPS MV AC Power grid Primary gen. Capacitor sidecar 800 VDC 800 VDC to the Data Hall GPU 800 VDC Optimized for large-scale AI factories Power Centers with/Battery Backup Multi-pod

p5

©2026 Vertiv. All Rights Reserved. Two interfaces to focus on… 5 Fixed interfaces Flexible interfaces Size your hard-to-change, fixed interfaces for the future load, and design in flexible interfaces Day-one design. Size for future densities on day one. Nearly irreversible. Change requires major retrofit. Change devices or equipment without rip- and-replace. Future-ready by changing what connects at these points. 1 Bulk power capacity, floor weight ratings 2 Feeder pathways to busway 3 Busway amps: Sized to support maximum pod or row capacity 4 Busway: Sized to support largest ampacity tap-cans needed for future loads 1 Add rectifier to a busway (AC to DC conversion) 2 Swap out a rack liquid manifold 3 Swap out a tap-can (circuit breaker) 4 Swap out rack input

p6

©2026 Vertiv. All Rights Reserved. How do you go about it? 6 1 First establish a credible planning envelope • Rack densities • Total pod power • Cooling demand • Growth plan 2 For existing building, assess capacities • Transformers, UPSs, switchgear, feeders, busway • Cooling • Floor loading • Pathways 3 For new builds, reserve space for future systems & their connection routes • Power centers • Distribution pathways • Service clearances, etc 4 Define interfaces that will change, favor flexible options (e.g., AC and DC) • AC to DC conversion point • Busway, tap can choices • Rack input

p7

©2026 Vertiv. All Rights Reserved. A few DC racks in a mostly AC pod 7 Pros Cons 1 Minimal deviation from day-one design 2 Reuse of existing upstream AC infrastructure 1 Rack space used up for a power converter 2 Networking and communication between high density racks

p8

©2026 Vertiv. All Rights Reserved. DC compute becomes the predominant load 8 Dual-rated busway (AC or DC, not both simultaneously) DUAL RATED BUSWAY AC COMPUTE RACK AC to DC Power Shelves AC whip 800 VDC whip AC TAP AC/DC 400/50 V AC/DC 400/50 V AC/DC 400/50 V AC COMPUTE RACK AC to DC Power Shelves AC TAP AC/DC 400/50 V AC/DC 400/50 V AC/DC 400/50 V DC COMPUTE RACK DC to DC Power Shelves DC TAP 800 VDC DC/DC 800/50 V DC COMPUTE RACK DC to DC Power Shelves DC TAP 800 VDC DC/DC 800/50 V DC/DC 800/50 V DC/DC 800/50 V DC/DC 800/50 V DC/DC 800/50 V Today Future

p9

©2026 Vertiv. All Rights Reserved. Serve mixed DC and AC loads 9 Separate AC and DC busways AC COMPUTE RACK AC to DC Power Shelves AC whip 800 VDC whip AC TAP AC/DC 400/50 V AC/DC 400/50 V AC/DC 400/50 V AC COMPUTE RACK AC to DC Power Shelves AC TAP AC/DC 400/50 V AC/DC 400/50 V AC/DC 400/50 V DC COMPUTE RACK DC to DC Power Shelves DC TAP 800 VDC DC/DC 800/50 V DC COMPUTE RACK DC to DC Power Shelves DC TAP 800 VDC DC/DC 800/50 V DC/DC 800/50 V DC/DC 800/50 V DC/DC 800/50 V DC/DC 800/50 V

p10

©2026 Vertiv. All Rights Reserved. Serve mixed DC and AC loads 10 Hybrid AC and DC busway (one busway, two sets of busbars) HYBRID BUSWAY AC COMPUTE RACK AC to DC Power Shelves AC whip 800 VDC whip AC TAP . AC/DC 400/50 V AC/DC 400/50 V AC/DC 400/50 V AC COMPUTE RACK AC to DC Power Shelves AC TAP AC/DC 400/50 V AC/DC 400/50 V AC/DC 400/50 V DC COMPUTE RACK DC to DC Power Shelves DC TAP 800 VDC DC/DC 800/50 V DC COMPUTE RACK DC to DC Power Shelves DC TAP 800 VDC DC/DC 800/50 V DC/DC 800/50 V DC/DC 800/50 V DC/DC 800/50 V DC/DC 800/50 V

p11

©2026 Vertiv. All Rights Reserved. What if? 11 Image source: Claude, Anthropic’s AI assistant

p12

©2026 Vertiv. All Rights Reserved. The formula for future readiness 12 FUTURE READY Hard-to-change, fixed interfaces sized for future load on day one Designing in flexible interfaces to simplify transition and provide options

p13

©2026 Vertiv. All Rights Reserved. 13 Watch video

p14

14