Engineering a Cleaner, Healthier World
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 and under Forward-Looking Statements in Item 7 of Part II of that same report and in the
Company's Quarterly Report on Form 10-Q for the quarters ended June 30, 2023 and September 30, 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, energy costs, 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 or recovery therefrom, restrictions associated with
importing and exporting and foreign ownership, public health crises, and the general uncertainties, including the impact on demand for our products and the
markets we serve from regulatory and/or policy changes that have been or may be implemented in the U.S. or abroad, including those related to tax and
trade, climate change, COVID-19 or future public health threats, and military conflicts, including the current conflicts in Ukraine and in the Middle East; the
overall health and pricing focus of our customers, including impacts associated with the recent United Auto Workers union strikes; our ability to successfully
realize anticipated benefits, including improved profit margins and cash flow, from our strategic initiatives and our application of 80/20 principles across our
businesses; our ability to accelerate growth organically and through acquisitions and successfully integrate acquired businesses; our ability to effectively and
efficiently manage our operations in response to sales volume changes, including maintaining adequate production capacity to meet demand in our growing
businesses while also completing restructuring activities and realizing benefits thereof; 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 product or program launches, unexpected volume
increases or decreases, product transfers and warranty claims; 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; 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 the increasing emphasis on
environmental, social and corporate governance matters; our ability to realize the benefits of deferred tax assets; 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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