2021 Guidance Update

Q3 2021 SEGMENT RESULTS Improving End Markets, Strong Underlying Growth; Tight Supply Chain Strengthening 2022/23 Tailwinds Americas EMEA Asia Pacific Commercial HVAC • Strong backlog exiting Q3 supporting Q4 outlook, strengthening visibility into 2022 and confidence in underlying end-market conditions • End markets improving; ABI > 50 for several months • Data center / warehouse remain strong; education / healthcare demand growing; well-positioned to take advantage of education stimulus spending • IAQ demand strong for systems-focused solutions; IAQ remains long-term tailwind (~2% tailwind in 2021) Residential HVAC • Markets / demand remain strong, delivered historically high revs in Q3; record backlog entering Q4 • Continuing to meet customer demand while ramping capacity Transport Strong revenue growth during 3Q21; weighted average mkt growth outlook remains strong, ~14% in 2021 • 2021 industry trailer production near max capacity; ACT forecasts upswing into 2022 (+18%) / 2023 (+14%) • Economic conditions improving broadly across region • ⚫ CHVAC continued underlying demand for innovative, sustainability-focused products and services; expect further improving markets with increased vaccination rates • Transport growth expected to continue through 2021 w/ strong low-teens weighted avg mkt growth; IHS forecasting modest Europe trailer growth in 2022 and 2023 ⚫ China vertical markets mixed with cont'd strength in data center, electronics, pharma and healthcare • • Rest of Asia outlook remains mixed, low vaccination rates, partial lockdowns in some countries driving continued challenges / uncertainty Note: Information as of November 3, 2021 NOT AN UPDATE OR REAFFIRMATION --- TRANE TECHNOLOGIES

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