2021 Guidance Update

TRANE TECHNOLOGIES REIMAGINED Business Transformation Delivers $300M in Cost Savings by 2023 to Fund Continued Market Outgrowth With 25% Sustainable Leverage High Performance Flywheel 1 Increased reinvestment in innovation Sustainable Operating Leverage Improvement 25% + 4 Sustainable leverage (25% plus) & margin improvement 3 Improved cost structure 2 Above market growth profile 16% 2017-2019 Actual* Transformational Model Note: Information as of November 3, 2021 NOT AN UPDATE OR REAFFIRMATION --- Operating leverage calculated based on change in historical Climate segment adjusted operating income less adjusted unallocated corporate costs divided by change in Climate segment revenues, TRANE TECHNOLOGIES 13

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