Q1 2023 Financial Performance

6 Leveraging IRX to Enable Successful M&A Integration Example: SEEPEX - Accelerating Margin Expansion while Leveraging Technology Across Multiple Dimensions to Drive Organic Growth SEEPEX Adj. EBITDA Margin Expansion • $480M purchase price acquisition • >1,000 bps Adj. EBITDA margin expansion in less than 15 months since acquisition1 - still opportunities for improvement Adj. EBITDA Margin expansion split relatively evenly between gross margin expansion (pricing, i2V) and cost synergies within SG&A SEEPEX Adj. EBITDA Margin Progression ...While Accelerating Organic Growth Across 3 Levers lever 1: Scaling Existing SEEPEX IoT technology across PST Segment, Now Moving to ITS SCAN ARO SERVICE POINT APP Shop Mid-Teens 2021 Actual Low 20s Low 30s 2022 Actual 2023 Outlook 1 Comparing Seepex Q4 2021 results to Q4 2022 results lever 2: Leveraging DGX + Existing SEEPEX Pump Technology to Drive Growth in New End Markets $250M+ Addressable Market lever 3: Integrating SEEPEX Pump Technology + IR Compressor Technology to Accelerate Differentiation ➤ Patented technology ➤Up to 72% energy savings (IR) Ingersoll Rand

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