2021 Guidance Update
TRANSFORMATION SAVINGS
On Track to Deliver ~$300M Total Transformation Savings by 2023;
Fueling Innovation / Investments Across Portfolio
Transformation Savings
Stranded
Cost Target
at RMT
Current Target
~$300M¹
~$240M
-$190M
~$100M
~$100M
~$40M
On track to deliver ~$90M incremental savings in
2021 after delivering stranded / fixed cost take-out
of $100M in 2020; 2021 total = ~$190M
~$300M transformation savings adds fuel to high-
performance flywheel
4
High Performance Flywheel
Sustainable
leverage (25%
plus) & margin
improvement
1
Increased
reinvestment in
innovation
2
Above market
growth profile
2020
2021
2020
2021
2022
2023
3
Improved cost
structure
Note: Information as of November 3, 2021 NOT AN UPDATE OR REAFFIRMATION
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1. Expenses Related to Achieving Cost Reductions $100M - $150M through 2021; ~$11M spent in Q3; ~$122M cumulative 2020 and YTD 2021
TRANE
TECHNOLOGIESView entire presentation