Engineering a Cleaner, Healthier World - Financial Overview

Transformation Underway FOCUS the Organization ă MODINE PERFORM Engineering a Cleaner, Healthier World ACCELERATE Profitable Growth and Deliver Expand Margin Profile and Build Growth Engine FY2022 Launch Revenue: $2.1B EBITDA Margin: 7.7% A FOCUS THE ORGANIZATION ■ ■ Make 80/20 a core part of our DNA Build a high-performance organization Simplify and segment the business PERFORM AND DELIVER ◉ Launch the Modine Business Cycle Maximize share of target markets Simplify and improve operating margins ACCELERATE PROFITABLE GROWTH ■ ■ Shift to systems solutions versus components Promote geographic expansion Pursue opportunistic M&A FY2024 Outlook Revenue Growth: 4-10% Adj. EBITDA $240M-$260M EBITDA Margin: 10-12% MODINE Engineering a Cleaner, Healthier World FY2025-27 Targets Revenue: 8-10% CAGR EBITDA Margin: 13-15% See appendix for Non-GAAP reconciliations 24 24

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