Q2 2022 Earnings Release

Q3 and Full Year 2022 Pentair Outlook* Strong price contribution expected to continue Expecting more normal seasonality at end of residential season FX headwinds increasing Momentum building on Transformation funnel Expect Manitowoc Ice acquisition to close on or around July 28; expect neutral EPS contribution in 2022... not yet included in FY guidance Sales • Income EPS • • • 03'22 Total Sales up -3% to 5% Segment Income up -5% to 7% Adjusted EPS -$0.93 to $0.95 (Up-4% to 7%) Corp. Expense ~$20M Adjusted Tax Rate of ~16% Other • Net Interest/Other -$6M to $7M Items • • Shares ~165M to 166M FY'22 Total Sales up ~8% to 10% • Segment Income up -9% to 11% Adjusted EPS -$3.70 to $3.75 (Up -9% to 10%) • Corp. Expense ~$80M Net Interest/Other -$21M to $22M Adjusted Tax Rate of ~16% • • O Shares 165M to 166M Cash Flow *Does not include Manitowoc Ice acquisition, which is expected to close on or around July 28, subject to closing conditions 12 Q2 2022 Earnings Release. 2022 Pentair. All Rights Reserved. • Targeting FCF ~100% of Net Income • Capital Expenditures -$70M to $80M • D&A of -$80M and -$30M of Non-Cash Stock Comp PENTAIR

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