Engineering a Cleaner, Healthier World - Financial Overview

Officially launched 80/20 during Fiscal 2022 Financial Trends Revenue MODINE Engineering a Cleaner, Healthier World Adjusted EBITDA and Adjusted EBITDA Margin $260 $2,500 $2,298 $212 $1,976 $2,050 $174 $1,808 $165 $159 9.1% 9.2% 8.8% 7.7% 2020 2021 2022 2023 2024 2020 2021 Adjusted EBITDA ★ 2022 $29 Free Cash Flow $117 2023 -Adjusted EBITDA Margin Net Debt and Leverage Ratio $408 $412 2024 $333 $297 $286 $57 2.4 2.3 2.1 1.9 2019 ($13) 2020 2021 ($29) 2022 2023 * Our fiscal 2024 guidance is based on our guidance ranges recently presented. See appendix for Non-GAAP reconciliations. 1.4 2019 2020 2021 2022 2023 Net Debt Leverage Ratio 23

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