2021 Guidance Update

TOPICS OF INTEREST EMEA Transport Markets Strengthening, North America Transport Markets Remain Strong in 2021 N.A. and EMEA Market Results / Forecast 2020 Transport N.A. Market Results Trailer/Truck/ APU wtd avg -33% 2020 Transport EMEA Market Results Trailer / Truck wtd avg -23% 2021 Transport N.A. Market Outlook* Trailer/Truck/ APU wtd avg +17% (-15 pts**) 2021 Transport EMEA Market Outlook Trailer / Truck wtd avg +16% (+6 pts**) • N.A. and EMEA 2021 Strong Market Outlook EMEA Stronger / N.A. Timing Shifting to 2022 & 2023 Trailer/Truck/APU: ~2/3rds of Total Transport Revenue • N.A. growth estimates up ~17%; EMEA growth estimates up ~16% Marine/Bus/Rail/Air/Aftermarket ("all other"): ~1/3rd of Total Transport Revenue • N.A. and EMEA wtd avg. growth estimates up -7.5% (unchanged) Total 2021 Transport: Truck/Trailer/APU/Marine/Bus/Rail/Air Americas** weighted avg. growth est. +14% (-10 pts**) EMEA ** weighted avg. growth est. +12% (+3 pts **) Diversified Americas / EMEA transport business outperformed end-markets in 2020; Continued outperformance in 2021 Source: ACT/IHS / Company Estimates *Includes 2021 N.A. Trailer build fcst downward revision to 38K from 43.6K (up 18% vs. 2020 current from up 35% vs. 2020 prior) Note: Information as of November 3, 2021- NOT AN UPDATE OR REAFFIRMATION --- ** Change vs 2Q21 earnings market outlook (August 4, 2021) *** Americas and EMEA represent ~50% and -40% of global Transport revenues, respectively TRANE TECHNOLOGIES

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