Engineering a Cleaner, Healthier World - Financial Overview

Performance Technologies Performance Technologies provides technologies and services that enhance fuel efficiency and durability, improve battery performance and prolong the life of components in harsh environments FY2023 Sales Sales & Adjusted EBITDA Margin Liquid-Cooled 38% Advanced Solutions 11% $1.3B Air-Cooled 51% $1.2B 12% $1.3B Air-Cooled Applications Liquid-Cooled Applications Segment Targets MODINE Engineering a Cleaner, Healthier World Advanced Solutions BATERY ELECTRIC DESENECES BATTERY ELECTRIC Launch FY 2022 Phase 1 FY 2024 Phase 2 FY 2027 Revenue $1.2 billion 5-7% CAGR 0-3% CAGR 7.6% 6.2% +140bps EBITDA Margin 6.2% 10-12% 14-16% CapEx % of Sales 2.5% 2.0-2.5% 1.5-2.0% FY23 10 FY22 See appendix for Non-GAAP reconciliations

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