First-Quarter 2019 Results

· First Quarter 2019 Summary: Strong Start to the Year Top-tier EPS growth driven by solid execution - Adj. cont. EPS up 27% yoy Robust revenue growth led by Climate segment despite tough yoy comps - Enterprise organic rev up 8% against 8% PY growth; Climate up 10% vs. 8% comp, Industrial up 3% vs. 9% comp Strong underlying bookings growth in most major businesses CHVAC N.A., Europe, Res HVAC and Compression Tech N.A. organic bookings all up MSD to HSD 105% book to bill drove record backlog in Q1 2019 Transport bookings significantly lower yoy, as expected, negatively impacting overall Climate / Enterprise bookings 2018 was an extraordinary year; 1.5 years of N.A. trailer and 2 years of APU booked in 2018 Transport backlog sufficient to meet 2019 targets; booking into 2020 Effectively managing inflation and tariff headwinds; 90 bps adj. op. margin expansion - 70 bps positive price versus cost - Operating leverage of 26% in-line with full year expectations Europe, China markets largely as expected with trade, Brexit uncertainty Continue to closely monitor Dynamic Capital Allocation ~$380M in dividends and share repurchases Exiting the quarter, remain bullish on strategy, end markets and execution Increasing EPS guidance to high end of prior range ~$6.35 from ~$6.15 to -$6.35 R Ingersoll Rand. Note: Information as of April 30, 2019 --- NOT AN UPDATE OR REAFFIRMATION * Includes certain Non-GAAP financial measures. See the company's Q1 2019 earnings release for additional details and reconciliations. 20 20

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