Investor Presentaiton

Strong Balance Sheet and Liquidity Ample capacity to support our strategic priorities, including acquisitions Credit Rating Debt Structure Net Debt Leverage & Liquidity • Moody's: Ba1 Corporate Rating, Ba1 Notes Rating, Stable Outlook S&P: BB Corporate and Notes Ratings, Stable Outlook • • $450M of 4.0% Senior Notes (mature June 2029) Asset based lending agreement ("ABL") provides up to $175M revolving credit facility subject to borrowing base (SOFR + 10 bps. + 200 to 225 bps.) with none outstanding (matures July 2025) $306.3M net debt with total debt of $447.5M and total cash of $141.2M (1) Net debt leverage 1.7x at June 30, 2023 FYE $ in millions $500 Debt Maturities $400 $300 No debt financing repayments prior to June 2029 $450 $200 $100 • No debt financing maturities prior to June 2029 $303.5M of total liquidity including $162.3M of excess availability under the ABL, based on data as of June 30, 2023 $0 FY23 FY24 FY25 FY26 FY27 FY28 FY29 No financial maintenance covenants on 4.0% Senior Notes Financial Covenants ABL not subject to any financial maintenance covenants unless excess availability is less than the greater of $17.5M and 10% of the Loan Cap; consolidated Fixed Charge Ratio permitted to be <1x unless threshold is triggered (1) 4.0% Senior Notes include $4.1M of deferred financing costs. MUELLER 21

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