2021 Guidance Update

CULTURE OF PERFORMANCE EXCELLENCE Driving Sustained Growth and Operating Margin Improvement 2017-2020 13% $12 -4% 11% +110 bps Revenue* $9 CAGR Adj. Op. ($B) Inc. 9% $6 Margin + 7% $3 2017 2018 2019 2020 5% 2017 2018 2019 2020 18% 160% 16% 120% FCF % of Avg. = 116% +110 Adjusted bps 14% Adj. Net 80% EBITDA Earnings** Margin* 40% 12% 0% 2017 2018 2019 2020 10% 2017 2018 2019 2020 2017, 2018, 2019 and 2020 historical information restated to reflect Ingersoll Rand Industrial segment in discontinued operations ** 2017 and 2018 free cash flow conversion history based on pre-RMT transaction consolidated Ingersoll Rand financial statements † 2018, 2019 and 2020 historical information restated to reflect Ingersoll Rand Industrial segment in discontinued operations. 2017 calculated based on historical Climate segment adj. op. inc. less adj. unallocated corporate costs divided by Climate segment revenues TRANE TECHNOLOGIES 16

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