Itron Investor Presentation

Q1'23 PERFORMANCE SUMMARY Revenue Year-Over-Year Bridge1 (in constant currency) >> Revenue of $495 million >> Adjusted EBITDA of $39 million -11% +13% +12% +6% $36.3 $7.0 $494.6 $475.3 ($8.7) ($15.3) >> Non-GAAP diluted EPS of $0.49 Q1 2022 Device Solutions Networked Solutions Outcomes FX Q1 2023 $0.11 Non-GAAP EPS Year-Over-Year Bridge¹ $0.33 $0.06 $(0.01) $0.49 Q1 2022 Net Operating Impact Tax Impact FX & Share Count Q1 2023 1. Totals reflect actual currencies; all variances other than FX exclude currency impact. Chart includes rounding. Itron ©2023 ITRON PROPRIETARY ITRI Itron Investor Presentation - May 2023 | 11

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