Investor Presentaiton

Balanced and Disciplined Capital Allocation Capital Allocation Priorities Strong balance sheet, liquidity and cash flow supporting our strategies Maintaining balanced approach to capital allocation to strengthen and grow the business through capital investments and bolt-on acquisitions Continuing to return cash to our shareholders, primarily through our ongoing quarterly dividend - Paid quarterly dividend since becoming a publicly- traded company - Increased quarterly dividend 7 times since FY15 - Allocated $35M to share repurchases in FY22 with $100M remaining authorization on our share repurchase program as of June 30, 2023 Cash Allocation Over Past 5 Years* $256M to Shareholders - $166M dividends - $90M share repurchases Shareholders 31% Strategic Investments* 60% Balance Sheet* 9% $493M to Strategic Investments - $328M capital expenditures - $165M acquisitions * 5-year period includes FY18, FY19, FY20, FY21, FY22; Strategic Investments includes consolidated capital expenditures and cash paid for acquisitions of Krausz Industries, Pratt Industrial JV and i20 Water (excludes proceeds from sales of assets); Balance Sheet includes debt retirement and pension plan payments ($2M to exit Canadian and multiemployer plans) and includes $22M payment for Walter Tax Settlement). MUELLER 22

View entire presentation