Third Quarter 2023 Earnings Conference Call

ITW 4 Q3'23 Segment Performance ORGANIC GROWTH BY GEOGRAPHY AUTOMOTIVE OEM +6% +15% $799M $753M +8% +6% +140 bps 18.9% 17.5% North America (1.6)% +0.4% EMEA APAC China South America Q3'22 Q3'23 Total Revenue Q3'22 Q3'23 Operating Margin • Total ITW organic growth of 0.2%; +2% on an equal days' basis • Organic revenue 4% • North America (5)% - China (1)% ex. Automotive OEM • Europe 5% • China 18% Never stronger. Never better positioned for the future.

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