Investor Presentaiton

m. JJJ Badger Meter Is the Undisputed Leader in Cellular Communication with Millions of Endpoints Deployed; Provides Myriad of Benefits to Utilities DATA COLLECTOR FIXED NETWORK SINGLE PURPOSE NETWORK CELLULAR FIXED NETWORK LONG-TERM EVOLUTION M2M (LTE-M)/SMART CITY / IOT NETWORK Two-Way Communication AES-256 Encryption Two-Way Communication Private Network Two-Way Communication Two Way Communication H Two-Way Communication FIXED NETWORK ENDPOINT DATA COLLECTOR CELLULAR / NETWORK BACKHAUL CLOUD-BASED MDM PLATFORM CELLULAR ENDPOINT Infrastructure Determination / Network Propagation Study 1 Monthly Data Hosting and Backhaul Subscription Fee 6 SYSTEM ENGINEERING/DEPLOYMENT Predictive Model Fixed Network Design 2 Annual Data Collector Maintenance Contracts Main provide ince 7 Data Collector Infrastructure Permitting and Lease Negotiation 3-5 Year Battery Replacements & Inspections 3 Radio Tower Erecting Data Collector Installation (If Needed) 4 Periodic Outage Replacements due to Failures/Weather Data Collector Firmware Updates (1 Year Warranty) 8 9 10 Process (Contractor Work) 5 5-7 Year Full Data Collector Network Replacement [Contractor Work) 11 ONGOING SYSTEM MAINTENANCE/FEES CELLULAR NETWORK CLOUD-BASED MDM PLATFORM SYSTEM ENGINEERING/DEPLOYMENT Cellular Coverage Analysis 1 Subscription Fee © 2023 Badger Meter, Inc. 2 ONGOING SYSTEM MAINTENANCE/FEES • Easy Flexible Resilient Savings ESG Friendly 17

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