2021 Guidance Update

ENTERPRISE Strong Price Execution Drives Organic Revenue Growth, Offsetting Persistent Inflation Net Revenue +4% Adj. EBITDA %* Adj. Operating Margin* Adj. Continuing EPS* Organic -70 bps -60 +5% bps +6%. $3,720 18.7% 18.0% 16.7% $1.80 16.1% $3,496 $1.72 Q3 '20 Q3'21 Org rev growth driven by strong price execution (+~$150M) to offset (+$150M) inflation HSD org svcs rev growth; LSD org equip rev growth; Q3 revs impacted by timing of shipments (~$150M) Q3 '20 Q3 '21 Q3 '20 Q3 '21 Q3 '20 Q3 '21 Positive price / cost offset supply-chain-challenged productivity / other inflation and continued high levels of business reinvestment in innovation, technology, productivity income Primarily driven by higher op Effective tax rate of ~19%, up 80bps YOY *Includes certain Non-GAAP financial measures. See the company's Q3 2021 earnings release for additional details and reconciliations. TRANE TECHNOLOGIES

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