Itron Investor Presentation

ITRON INVESTMENT THESIS POSITIONED TO NAVIGATE NEAR-TERM 600 Only U.S. Based Industrial loT "Pureplay" In Our Industry BUILT FOR THE LONG-TERM $ Att Improving Operating Leverage and Earnings Power Expanding Our Footprint, Value Proposition and Market Reach Strong Balance Sheet for Strategic Flexibility Positioned for Free Cash Flow Growth Itron ©2023 ITRON PROPRIETARY ESG Principles Embedded in DNA ITRI Itron Investor Presentation - February 2023 | 19

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