WTS Investor Presentation

RECONCILIATION OF LONG-TERM DEBT (INCLUDING CURRENT PORTION) TO NET DEBT TO CAPITALIZATION RATIO (M) (Unaudited) WWATTS March 27, 2022 December 31, 2021 Current portion of long-term debt $ - $ - Plus: Long-term debt, net of current portion 202.0 141.9 Less: Cash and cash equivalents Net debt (226.8) (242.0) ($24.8) ($100.1) Net debt ($24.8) ($100.1) Plus: Total stockholders' equity 1,162.5 1,173.2 Capitalization $1,137.7 $1,073.1 Net debt to capitalization ratio (2.2%) (9.3%) WTS Investor Presentation | 25

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