Itron Investor Presentation

ITRON INVESTMENT THESIS POSITIONED TO NAVIGATE NEAR-TERM 600 Only U.S. Based Industrial loT "Pureplay" In Our Industry BUILT FOR THE LONG-TERM $ Att Improving Operating Leverage and Earnings Power Expanding Our Footprint, Value Proposition and Market Reach Strong Balance Sheet for Strategic Flexibility Positioned for Free Cash Flow Growth ESG Principles Embedded in DNA Itron ©2023 ITRON PROPRIETARY ITRI Itron Investor Presentation - May 2023 | 18

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