Acquisition of Manitowoc Ice

Overview of Manitowoc Ice ● ● Leading Provider of Ice Machines More than half a century of experience producing high-quality ice machines Operates facilities in Manitowoc, Wl; Monterrey, Mexico; and Hangzhou, China to provide over 200 models of ice machines worldwide with installed base of approximately 1 million units Manitowoc Ice is focused on delivering differentiated product innovation, food safety, and sustainability to ice making 1 2 Cubed Ice Machines Sold in the U.S. is a Manitowoc Ice Machine out of every Ⓒ2022 Pentair. All Rights Reserved. 57 Years of Ice Industry Experience Countertop Nugget -5% Flake/Nugget -7% Undercounter Cubers -12% By Product Storage Bins -14% Significant Scale Opportunities, an Impressive Installed Base, and a Rich History of Innovation Modular Cubers -59% Gourmet/spray Cubers -3% Revenue Breakdown (2021) Americas -84% By Region APAC -11% EMEA -5% 10K+ $308M -30% 2021 Revenue Total Customers 2021 EBITDA Margin PENTAIR 4

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