Engineering a Cleaner, Healthier World - Financial Overview
Forward-Looking Statements
MODINE
Engineering a Cleaner, Healthier World
This presentation contains statements, including information about future financial performance and market conditions, accompanied by phrases such as
"believes," "estimates," "expects," "plans," "anticipates," "intends," "projects," and other similar "forward-looking" statements, as defined in the Private
Securities Litigation Reform Act of 1995. Modine's actual results, performance or achievements may differ materially from those expressed or implied in these
statements because of certain risks and uncertainties, including, but not limited to those described under "Risk Factors" in Item 1A of Part I of the Company's
Annual Report on Form 10-K for the year ended March 31, 2023. Other risks and uncertainties include, but are not limited to, the following: the impact of
potential adverse developments or disruptions in the global economy and financial markets, including impacts related to inflation, rising energy costs, along
with supply chain challenges or supplier constraints, tariffs, sanctions and other trade issues or cross-border trade restrictions; the impact of other economic,
social and political conditions, changes and challenges in the markets where we operate and compete, including foreign currency exchange rate fluctuations,
increases in interest rates or tightening of the credit markets, recession, restrictions associated with importing and exporting and foreign ownership, public
health crises, and the general uncertainties about the impact of regulatory and/or policy changes, including those related to tax and trade, COVID-19, the
military conflict in Ukraine and other matters, that have been or may be implemented in the U.S. or abroad; the impact of COVID-19 on the national and global
economy, our business, suppliers, customers, and employees; the overall health and pricing focus of our customers; our ability to successfully execute our
strategic and operational plans, including applying 80/20 principles to our business; our ability to effectively and efficiently modify our cost structure in
response to sales volume increases or decreases and complete restructuring activities and realize benefits thereon; our ability to fund our global liquidity
requirements efficiently and comply with the financial covenants in our credit agreements; operational inefficiencies as a result of program launches,
unexpected volume increases or decreases, and product transfers; the impact on Modine of any significant increases in commodity prices, particularly
aluminum, copper, steel and stainless steel (nickel) and other purchased components and related costs, and our ability to adjust product pricing in response
to any such increases; the nature of and Modine's significant exposure to the vehicular industry and the dependence of this industry on the health of the
economy; our ability to recruit and maintain talent in managerial, leadership, operational and administrative functions and to mitigate increased labor costs;
our ability to protect our proprietary information and intellectual property from theft or attack; the impact of any substantial disruption or material breach of our
information technology systems; costs and other effects of environmental investigation, remediation or litigation; and other risks and uncertainties identified in
our public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are as of the date of this presentation, and we do not
assume any obligation to update any forward-looking statements.
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