#1PENTAIR Acquisition of Manitowoc Ice March 3, 2022#2Caution Concerning Forward-Looking Statements This presentation contains statements that we believe to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words "targets," "plans," "believes," "expects," "intends," "will," "likely," "may," "anticipates," "estimates," "projects," "should," "would," "could," "positioned," "strategy," "future" or words, phrases or terms of similar substance or the negative thereof, are forward-looking statements. All statements made about the anticipated acquisition, including the anticipated time for completing the transaction, the expected financial results of the acquired business and the anticipated benefits of the acquisition, and statements about our expected 2022 financial results are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include our ability to close and fund the acquisition on the expected terms and time schedule, including obtaining regulatory approvals and satisfying other closing conditions; our ability to integrate the acquisition successfully; our ability to retain customers and employees of the acquired business; the overall impact of the COVID-19 pandemic on our and the acquired business; the duration and severity of the COVID-19 pandemic, the impact of virus variants and the effectiveness of vaccinations; actions that may be taken by us, other businesses and governments to address or otherwise mitigate the impact of the COVID-19 pandemic, including those that may impact our ability to operate our facilities, meet production demands, and deliver products to our customers; the impacts of the COVID-19 pandemic on the global economy, our workforce, customers and suppliers, and customer demand; overall global economic and business conditions impacting our business, including the strength of housing and related markets; supply, demand, logistics, competition and pricing pressures related to and in the markets we serve; volatility in currency exchange rates; failure of markets to accept new product introductions and enhancements; the ability to successfully identify, finance, complete and integrate acquisitions; the ability to achieve the benefits of our restructuring plans, cost reduction initiatives and transformation program; risks associated with operating foreign businesses; the impact of raw material, logistics and labor costs and other inflation; the impact of seasonality of sales and weather conditions; our ability to comply with laws and regulations; the impact of changes in laws, regulations and administrative policy, including those that limit U.S. tax benefits or impact trade agreements and tariffs; the outcome of litigation and governmental proceedings; and the ability to achieve our long-term strategic operating and ESG goals. Additional information concerning these and other factors is contained in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2021. All forward-looking statements, including all financial forecasts, speak only as of the date of this presentation. Pentair assumes no obligation, and disclaims any obligation, to update the information contained in this presentation. Ⓒ2022 Pentair. All Rights Reserved. PENTAIR 2#3#4Overview of Manitowoc Ice ● ● Leading Provider of Ice Machines More than half a century of experience producing high-quality ice machines Operates facilities in Manitowoc, Wl; Monterrey, Mexico; and Hangzhou, China to provide over 200 models of ice machines worldwide with installed base of approximately 1 million units Manitowoc Ice is focused on delivering differentiated product innovation, food safety, and sustainability to ice making 1 2 Cubed Ice Machines Sold in the U.S. is a Manitowoc Ice Machine out of every Ⓒ2022 Pentair. All Rights Reserved. 57 Years of Ice Industry Experience Countertop Nugget -5% Flake/Nugget -7% Undercounter Cubers -12% By Product Storage Bins -14% Significant Scale Opportunities, an Impressive Installed Base, and a Rich History of Innovation Modular Cubers -59% Gourmet/spray Cubers -3% Revenue Breakdown (2021) Americas -84% By Region APAC -11% EMEA -5% 10K+ $308M -30% 2021 Revenue Total Customers 2021 EBITDA Margin PENTAIR 4#5#6#7#8#9#10#11#12#13#14