Third Quarter Fiscal 2023

PERFORMANCE TECHNOLOGIES (In millions) $282.0 Q3 FY22 $17.3 Net Sales 6.1% 13% Adjusted EBITDA & EBITDA Margin* $317.8 48% Q3 FY23 $25.6 8.1% Q3 FY22 Q3 FY23 * See appendix for the full GAAP income statement and Non-GAAP reconciliations 17% Advanced Solutions ■ ■ 10% Liquid-Cooled Applications ■ Growing product sales to electric vehicles ■ MODINE Engineering a Cleaner, Healthier World 15% Air-Cooled Applications Higher sales to commercial vehicle customers partially offset by ongoing challenges in China Strong demand in off-highway and commercial vehicle markets ▪ 48% Adjusted EBITDA growth, including a 200 bps margin improvement Earnings growth driven primarily by higher revenues and commercial pricing; partially offset by inflationary factors ▪ Lower SG&A as a percentage of sales, reduced 30 bps Anticipating further margin improvements and higher volume across our end markets next quarter 7

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