Investor Presentaiton

Q4'22 PERFORMANCE ITW ORGANIC REVENUE GROWTH VS. PEERS 12% 12% AUTOMOTIVE OEM $745M +12% $663M 17.1% 16.8% +30 bps ITW 9% ITW 9% PROXY PROXY Q4'21 Q4'22 PEERS* PEERS* Total Revenue 2021 2021 2022 • Organic revenue 20% Q3'22 YTD • North America 15% • Europe 23% Meaningful progress on delivering sustained above- Q4'22 Q4'21 Operating Margin market organic growth through the cycle with best- in-class margins and returns on capital • China 17% A ITW TW Global Automotive DELTAR® 4 * Proxy peers that report organic revenue growth: CAT, DOV, ECL, EMR, ETN, FTV, HON, JCI, MMM, PH, PPG, ROK, SWK, and TT

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