2021 Guidance Update

2021 GUIDANCE UPDATE Detailed Guidance for Modeling Purposes FY 2021 Revenue Adj. EPS Organic + -11% ~$5.95 Acquisitions ~1.5% ~$0.05 • . Commentary ~30+% FY organic leverage; modest shift in timing of revs between Q3 and Q4/2022; ~$150M revs shifted from Q3; ~$50M to ~$75M to ship Q4, balance in 2022 ~5% Ol contribution in year 1; impact of integration costs FX ~1.0% Combined* +~13.5% ~$0.05 -$6.05 • FX revs expected to leverage at translational Ol% (~13% in 2020) Note: Information as of November 3, 2021. --- NOT AN UPDATE OR REAFFIRMATION Other Items ~$240M Corporate Costs (unchanged) . ~$240M Interest Expense (unchanged) -19% to 20% Adj. Eff. Tax Rate (unchanged) • ~241M Diluted Shares (unchanged) ~$75M in transformation and other restructuring costs (unchanged and excluded from adj. EPS)** *Includes certain Non-GAAP financial measures. See the company's Q3 2021 earnings release for additional details and reconciliations. **Supports initiatives to deliver ~$300M in annualized savings by 2023 (3X initial $100M RMT stranded cost reduction target) TRANE TECHNOLOGIES

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