Investor Presentaiton

We created value for our shareholders. Despite the year's inflationary environment, labor shortages and supply chain challenges, we delivered record segment margins and adjusted earnings per share. And we once again delivered strong total shareholder returns compared to our peers and the S&P 500. Our financial results for the year include the following: • Earnings per share for 2022 were $6.14. Excluding charges of $0.99 per share related to intangible amortization, $0.37 per share from acquisitions and divestitures, and $0.07 per share related to a multi-year restructuring program, adjusted earnings per share were $7.57, up 14% over 2021. • Segment margins for 2022 were 20.2%, a full-year record. • Operating cash flow for 2022 was $2.5 billion. ⚫ For the full year, 2022 sales were $20.8 billion, up 6% from 2021. • Finally, we posted 13% growth in organic revenue, which was more than 60% above the midpoint of our original guidance for the year. While we exceeded the midpoint of our original guidance for the year in three out of four of our financial metrics - organic revenue, segment margins and adjusted EPS - we missed on free cash flow due to our efforts to protect customers with higher levels of inventory. We know we must and will do better in 2023. We created value for our customers. • We expanded partnerships to enhance grid reliability and began work with the U.S. federal government to make electric transportation safer and more efficient. We secured a growing number of wins tied to our customers' goals around electrification and energy transition, including significant orders for our BreaktorⓇ power protection technology and solutions to support electric vehicle charging stations and needed upgrades to electrical infrastructure. • We also helped customers address critical power management challenges through our Brightlayer™ suite of digital solutions. Our wins in the year moved us closer to our target of achieving $500 million in revenue 2022 highlights 9 140 new products added to our Brightlayer suite of digital solutions from our smart and connected hardware, software and digital services. In support of this goal, we enabled 13 existing Eaton hardware products to be smart and connected and launched 9 new software offerings to strengthen our Brightlayer suite. We're only now beginning to realize the benefits that powerful global trends will have on our company: energy transition, the electrification of the economy and digitalization will drive growth in our markets for years to come." • We continued to invest in high-growth, high-margin businesses to meet the changing needs of our customers and strengthen our portfolio, closing the acquisitions of Royal Power Solutions and a 50% stake in the circuit breaker business of Jiangsu Huineng Electric Co., Ltd. We created value for our people. • We maintained a strong focus on workplace safety, delivering a safety performance that remained at world-class levels, including a days-away injury rate that improved by 6% over 2021. But our total recordable injury rate was flat for the year at 0.39%, which shows we'll need to work harder to deliver our 2030 world- leading target rate of 0.25%. • We appointed leaders from inside Eaton to our topmost leadership roles, naming Heath Monesmith and Paulo Ruiz to lead our Electrical and Industrial Sectors, respectively, and Terry Szmagala to lead our Legal function. And early in 2023, Mike Yelton and Pete Denk were named to succeed Brian Brickhouse and João Faria following their retirements later this year and will lead our Electrical Sector Americas Region and Vehicle Group, respectively. These appointments reflect the rigor of our succession planning efforts and commitment to talent development across the enterprise. • We strengthened our reputation as a values-driven company, earning a 100% score on the Human Rights 6% 18% $1.7B improvement in days-away injury rate estimated reduction in greenhouse gas emissions since 2018 in goods and services purchased from small and diverse suppliers

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