Itron Investor Presentation

FULL YEAR 2022 SUMMARY >> Revenue of $1.8B down 9% from 2021 » Down 6% in constant currency » Down 2% adjusted for the sale of the C&I gas business and foreign exchange rates » Gross margin of 29.1% >> Adj EBITDA of $95M >> Non-GAAP EPS of $1.13 >> Free cash flow of $5M Revenue Year-Over-Year Bridge1 (in constant currency) -23% +3% flat -6% $1,981.6 $35.0 $0.8 $1,795.6 ($151.0) ($70.8) FY 2021 Device Solutions Networked Solutions Outcomes FX FY 2022 Non-GAAP EPS Year-Over-Year Bridge1 $1.75 $0.10 $(0.14) $1.13 $(0.56) $(0.02) FY 2021 Net Operating Impact Lower Interest Expense Tax Impact FX & Share Count FY 2022 1. Full year totals reflect actual currencies; all variances other than FX exclude currency impact. Chart includes rounding. Itron ©2023 ITRON PROPRIETARY ITRI Itron Investor Presentation - February 2023 | 14

View entire presentation