Investor Presentaiton

Large Capital Projects • Expect capital expenditures as a percentage of consolidated net sales to decrease to less than 4% after the completion of the new brass foundry in Decatur, IL • Three large capital projects expected to account for total capital spending around $150M and drive approximately $30M of annualized incremental gross profit from cost savings and increased sales, after all are complete and at full run rate. Benefits include accelerating product development, driving operational efficiencies, reducing duplicative expenses, increasing revenue, expanding capabilities for American-made products and advancing our sustainability environmental initiatives Large Valve Foundry Brass Foundry Specialty Valve Manufacturing • Location: Chattanooga, TN • Status: Construction completed with production volumes ramping up • Benefits: Expands domestic manufacturing capabilities and leverages additive manufacturing technologies for large gate and specialty valves to address anticipated increase in demand for larger valve sizes and "Build America, Buy America" products • Location: Decatur, IL Status: Plant production ramp-up in 2023/2024 (1) Benefits: Replacing century-old plant with new state-of- the-art facility, using a new lead-free brass alloy, to increase capacity, expand product development capabilities, help achieve sustainability goals with lower energy usage, reduced waste and enhanced safety (1) Represents the timing of full project completion and not the timing of full annualized benefit from efficiencies and sales from new products. • Location: Kimball, TN • Status: Plant consolidation and construction complete with product volumes ramping up Benefits: Consolidating multiple manufacturing facilities for specialty valves and knife gates into one location while also expanding domestic manufacturing capabilities to address anticipated increase in demand for "Build America, Buy America" products MUELLER 17

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