Q1 2023 Financial Performance

Industrial Technologies and Services Broad Range of Compressor, Vacuum and Blower Solutions as well as Industrial Technologies Including Power Tools and Lifting Equipment Q1 2023 vs. Q1 2022 ($M) Current Year Prior Year YoY A Ex-FX YOY A Q1 2023 vs. Q1 2022 Revenue/Orders Bridge Organic FX M&A ΥΟΥ Δ Revenue $1,317.2 $1,039.6 26.7% 31.2% Orders Growth 10.0% (3.9)% 6.1% 12.2% Adj. EBITDA $345.6 247.4 39.7% Revenue Growth 24.5% (4.5)% 6.7% 26.7% Adj. EBITDA Margin 26.2% 23.8% 240 bps Highlights 1,2 Innovation in Action • Book to Bill of 1.10x; 35% YoY incremental margins Product³ Annualized Segment Mix Orders (YoY) Revenue (YoY) Compressors -65% ↑ Low 20's ↑ Low 30's Industrial Vacuum & Blowers -20% Low Single Digits ↑ High 20's Power Tools & Lifting -10% ↑ High Single Digits ↑ Low Double Digits Other -5% ↑ High Single Digits ↑ Low 50's Regional Split for Compressors Orders (YoY) Revenue (YoY) Americas ↑ High 20's ↑ Mid 30's EMEIA ↑ Mid-Teens ↑ Mid 30's APAC Combining Technologies Across Portfolio to Provide Differentiated Solutions Side-Channel Blower Claw Vacuum Pumps Gas Compressor Elmo Rietschle + Elmo Rietschle Reavell Differentiated Carbon Capture Solution • Partnered with a clean tech innovator based in Oslo, Norway to develop novel system for industrial point-source CO2 capture using patented membrane technology • Pilot system includes four IR products on each module: side-channel blower, two vacuum pumps and one gas compressor; full-scale system design includes larger power variants of these product technologies • First commercial unit commissioned and being monitored in Arkansas, USA 13 ↑ Low Double Digits ↑ Low 20's 1 Excludes the impact of Foreign Exchange. 2 Excludes the impact of the acquisition of SPX Flow Air Treatment business 3 Compressors include oil lubricated, oil free, reciprocating and centrifugal offerings; Industrial Vacuum & Blowers include all blower/vacuum offerings and Nash/Garo products; Other includes Emco Wheaton Fuel Systems and Loading Arms as well as OEM, portable and other offerings. (IR) Ingersoll Rand

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