Third Quarter Fiscal 2023

CLIMATE SOLUTIONS ge Simplification Efficiency 囧 Focused Growth E Segmentation Value Creation Strategy Alignment Performance Culture Climate Solutions Well along on 80/20 journey Expanding NA footprint for Data Center products Sharpening commercial acumen ■ ■ Developing relationships with top sales prospects - Providing exceptional service to drive brand loyalty Strengthening distribution model MODINE Engineering a Cleaner, Healthier World - Simplifying product offering through SKU reduction Improving Heat Transfer Products (HTP) margin profile - Reducing SKUs and improved pricing model Expanding capacity for growing European heat pump market Implementing 80/20 throughout the organization Creating focused factories Rationalize low-margin product lines to increase capacity ▪ Renew focus on new product development 4

View entire presentation