2021 Guidance Update

Q3 2021 UPDATE Solid Execution in Challenging Environment - 2021 Guidance Unchanged; Bookings / Backlog Support Strong Positioning for 2022 FY 2021 revenue, EPS, FCF guidance unchanged Continuing to target top-quartile adj. EPS growth in FY 2021 • • Underlying demand remains robust w/ Q3 bookings up 20% plus in Americas and EMEA; >10% in Asia Tight supply chain pushing ~$150M in revs from Q3; Expect ~$50M to ~$75M to ship in Q4, balance in 2022 Well-positioned for strong 2022 performance with robust bookings and record backlog. Q3 ending backlog of ~$5B, up ~$2B (70+%) from year-end 2020 Strong execution of business operating system against backdrop of continued tight supply chain and persistent inflation 3Q21 YOY price realization of~$150M (+4.3%) offsetting ~$150M inflation Transformation self-help savings helping to mitigate challenging operating environment On track for $90M incremental savings in 2021 supporting significant business reinvestment in leading innovation and growth programs On track to deliver ~30% incremental margins FY 2021 Powerful FCF, financial position, liquidity and balance sheet optionality support balanced capital allocation strategy in 2021 • On track to deliver FCF => 100% of earnings Deployed $1.8B YTD; expect $2.5B plus in 2021 Purpose-driven sustainability strategy remains focused on long-term secular tailwinds towards sustainability megatrends Leader in addressing sustainability challenges, delivering top-tier financial performance Note: Information as of November 3, 2021 --- NOT AN UPDATE OR REAFFIRMATION * Includes certain Non-GAAP financial measures. See the company's Q3 2021 earnings release for additional details and reconciliations. TRANE HNOLOGIE 22

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