Engineering a Cleaner, Healthier World - Financial Overview

Financial Transformation ■ Launched 80/20 Initiative Simplification Treating businesses differently Reallocating people and capital Margin improvement over top-line growth Target 10-12% EBITDA Within the Next 12 Months MODINE Engineering a Cleaner, Healthier World Much stronger financial profile; higher margins, cash flow, and enterprise value Flexibility for Additional Acquisitions and Divestitures Move towards median diversified industrial performance Exceed Modine's historical high-water mark We Are Here FY 2022 FY 2023 FY 2024 Revenue $2.1 billion $2.3 billion EBITDA 7.7% Margin FCF% of Sales 4-10% 9.2% 10-12% - Bolt-on and transformational acquisitions FY 2025-27 8-10% CAGR 13-15% (1.4%) 2.5% 3-5% 6-8% See appendix for Non-GAAP reconciliations 18

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