Investor Presentaiton

Full-Year Fiscal 2023 Outlook* • Revising our annual guidance based on current expectations for channel inventory normalization, anticipated brass production levels and project order rates Anticipate double-digit year-over-year decrease in volumes • Short-cycle backlog close to normalized, except for service brass products Anticipate consolidated net sales y/y growth flat to down 2% and adjusted EBITDA y/y growth flat to down 5% • Annual adjusted EBITDA guidance includes $7.7M headwind from higher pension expense other than service, excluded from adjusted operating income • Expect working capital improvements relative to 2022 to drive improved free cash flow for the full year primarily driven by opportunities to improve inventory levels. Full-Year FY2023 Outlook Metrics* Consolidated Net Sales y/y Growth -2% to 0% -5% to 0% Adjusted EBITDA* y/y Growth Total SG&A Expenses Net Interest Expense Effective Income Tax Rate $246M to $248M $15M to $16M 23% to 24% Depreciation and Amortization $62M to $63M Capital Expenditures $50M to $55M Free Cash Flow % of Adjusted Net Income >30% * Provided with Q3FY23 earnings press release on August 3, 2023. * Adjusted EBITDA includes headwind from pension expense (benefit) other than service of $7.7M increase vs. prior year ($3.8M expense vs. $3.9M benefit in the prior year). MUELLER 20

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