Fluid Handling

Alex Alcala, Senior Vice President

FLUID HANDLING

Results & Guidance

Delivering Share Gain

Expanding Margins

Summary

2

»

FLUID HANDLING

3

United States34%

Western Europe

25%

Canada20%

Emerging Markets

17%

Developed Asia-Pacific

4%Chemical

23%

Power9%

Oil & Gas12%

General Industrial

26%

Municipal9%

Non-Residential

Construction22%

FluidHandling

34%

• EXPECT 100 BASIS POINTS OF MARGIN EXPANSION PER YEAR

($ Millions) 2017 2018 2019 2020 2021G**

Sales 1,043 1,102 1,117 1,006 1,035

Operating Profit* 115 129 152 115 130

Operating Margin* 11.1% 11.7% 13.6% 11.4% 12.5%

»* Excludes Special Items. Please see non-GAAP Financial Measures tables for details.

** Reflects midpoint of guidance range. Segment level guidance unchanged compared to original guidance provided concurrent with Q4 2020 earnings release on January 25, 2021.Note: Charts based on 2020 actual results. Totals may not sum due to rounding.

FLUID HANDLING

Results & Guidance

Delivering Share Gain

Expanding Margins

Summary

4

MOMENTUM DRIVING SHARE GAIN

5

Accelerating Product

Innovation

CommercialExcellence

Localization

2XOUTPERFORM

THE MARKET GROWTH

»

New Product Sales – Vitality*

• MOMENTUM WITH PRODUCT INNOVATION IMPACTING BUSINESS PERFORMANCE

PRODUCT INNOVATION IS ACCELERATING

Singular Focus – Solving our Customer’s Toughest Problems

The Right Culture – Big Bold Fast

Speed – From Concept → Commercialization

4%

10%

15%

20%

0%

5%

10%

15%

20%

25%

2018 2019 2020 2021E 2022E 2023E 2024E 2025E

*Process Solutions

»6

BREAKTHROUGH PRODUCT INNOVATION IMPROVEMENTS IN CORROSIVE, TOXIC, ABRASIVE & HIGH PURITY APPLICATIONS

7

Better Flow

4-6X $50M

By 2025Lower Total Cost

2X

• AN INNOVATIVE SOLUTION GROWING DOUBLE DIGITS EVEN DURING THE MARKET DOWNTURN»

Breakthrough Addition to Triple Offset Valve Line

PRODUCT INNOVATION DRIVING STRONG SHARE GAINS IN CORROSIVE, TOXIC, ABRASIVE & HIGH PURITY APPLICATIONS

8

• PRODUCT INNOVATIONS FOR CRITICAL PROCESS APPLICATIONS WILL DELIVER COMBINED $150M BY 2025»

Next GenerationSleeved Plug Valve

Severe Service Metal Seated Ball Valve

Expanded Aseptic/Pharma Portfolio

Longer Life

50% Lower Torque

50% Maintenance & Installation Costs

50%

SOLVING TOUGH WASTEWATER PROCESSING PROBLEMS: HIGH SOLIDS CONTENT APPLICATIONS

9

• LEADING HIGH SOLID PUMPING SOLUTIONS WILL DELIVER $30M BY 2025»

Wastewater

Chopper Pump

Maintenance Cost Reduction

75%

High Efficiency Non-Clog Pump

More Efficient

15%

MOVING TO HIGHER GROWTH DIGITAL PRESSURE INSTRUMENTATION SOLUTIONS

10

• EXPANDS SERVED MARKET BY $480M – EXPECTING $10M GROWTH BY 2025 »

Designed for Ease of Customization

80% Reduction in Components

Customization drives Performance and Reliability in Difficult Applications➔

Mobile Hydraulics

Factory Automation

TransportationAgricultural Equipment

»

DRIVING GROWTH THROUGH COMMERCIAL EXCELLENCE

• TRENDING TOWARDS 40% IMPROVED SALES PRODUCTIVITY BY 2024

11

»

Next Generation Sales ToolsFront End AutomationSales Call Activity

Optimization

Incoming

Customer POs

Sales Order Created

in the ERP System

LOCALIZATION – GROWTH THROUGH SPEED ANDCUSTOMER INTIMACY

12

China

»

Middle East

• GROWTH MARKETS & SHARE GAIN THROUGH LOCALIZATION WILL DELIVER $20M BY 2025»

»

STRONG FOCUS ON INORGANIC GROWTH OPPORTUNITIES

• PROVEN TRACK RECORD AND FOCUS ON EXPANDING TARGET OPPORTUNITIES

13

»

Prioritization

• Positive Market Segment Growth Drivers

• Ability to Technically Differentiate

• Strategic Alignment

• Extendibility

Fluid

Handling

Focus

• Process Valves

• Instrumentation & Sampling

• WastewaterPumps

• Wastewater Treatment

• ProcessSensing

• ProcessPumps

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FLUID HANDLING

Results & Guidance

Delivering Share Gain

Expanding Margins

Summary

14

»

CONFIDENCE IN PATH TO MID-TEEN MARGINS

• FOCUSED ON 100 BPS AVERAGE MARGIN IMPROVEMENT PER YEAR

15

6%

8%

12% 12%13%

15%

12%11%

12%

14%

11%13%

600

700

800

900

1,000

1,100

1,200

1,300

1,400

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021G

Sales Margins

Global Recession Oil Price

Weakens

Fluid Handling Sales ($ Millions) and Margin %*

»5.9% 6.3% 8.1% 10.7% 12.1% 13.9% 11.8% 11.9% 12.7% 13.4% 15.0% 14.8% 11.6% 10.9% 11.1% 11.7% 13.6% 11.4% 12.5%

*Excludes Special Items. Please see non-GAAP Financial Measures tables for details.

»

EXPANDING MARGINS THROUGH REPOSITIONING

• AMERICAS REPOSITIONING COMPLETE, EUROPE ON TRACK – DELIVER $25M COST SAVINGS BY 2022

16

»

Breakthrough consolidation opportunities; space createdthrough ongoing CBS execution

1

Leveraging current India manufacturing center of excellence – site expansion & consolidation

2

FLUID HANDLING

Results & Guidance

Delivering Share Gain

Expanding Margins

Summary

17

»

SUMMARY

18

STRONG MOMENTUM with Share Gains 1

Attractive Business Platform for INORGANIC GROWTH2

FOCUSED on 100 BPS Average Margin Improvement per Year3

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