Investor Presentation December 2019

Why We Believe Vertiv is a Good Investment VERTIV WELL POSITIONED Great position in a good industry • Vertiv is where Honeywell was after David Cote's first 2-3 years ⚫ Great start, lots of upside Leading franchises, full service / end-to-end offerings and high recurring mix • Positioned well by transformation to date • Focused on "customer first" growth and process Right team in place • Investments in market knowledge, right- sizing, and ERP Delivering on commitments Healthy pro-forma balance sheet UPSIDE POTENTIAL Significant potential upside in growth and margins Solid organic growth outlook Targeting 1.5x¹ market growth • Increase R&D and sales coverage • Globalization • Attractive acquisition landscape • Successful track record Significant pipeline Supportive balance sheet and cash flow Significant potential for margin expansion Peers, on average, have >500 bps higher margin than Vertiv Multiple self-help levers: • G&A leverage • Service growth Pricing/portfolio A lot better than it was... and lots of upside Same position Honeywell was in after first 2-3 years COMPELLING RISK REWARD Multiple potential levers to create value ⚫ Well-structured transaction Healthy pro-forma balance sheet • Attractive discount vs. peers • Strong performance in a slowdown ⚫ Robust Data drivers / End-market growth ⚫ Less cyclical than typical industrial Significant self-help opportunities • Potential margin upside vs. peers; David's playbook Strong free cash flow conversion . Deleveraging to boost FCF conversion ⚫ Further improvement from potential debt re- pricing and tax reorganization Deep acquisition pipeline Leading global player Source: Management estimates Note: Represents estimated market growth rate between 2019-2021. 5

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