Third Quarter 2023 Earnings Presentation

Financial Position Operating Cash Flow $ in millions $535 Up Significantly FY 2022 FY 2023 Expectations 2023 Capital Deployment Priorities $ in millions Adjusted* Free Cash Flow Up Significantly $199 FY 2022 FY 2023 Expectations Key Financial Metrics $ in millions #1 Priority - Organic Investment ~$400 million capital expenditures; 4% of sales on R&D Cash $295 #2 Priority - Dividends #3 Priority - Share Repurchase Repurchased 1.4 million shares for $159 million YTD Capex (YTD) $312 Dividend Aristocrat - 28 consecutive years of raising dividend Total Debt $2,210 Dividends (YTD) $111 Share Repurchases (YTD) $159 Repurchased 2.6 million shares for $286 million over the last 12 months ~$204 million remaining on share repurchase authorization Net Leverage Ratio 1.7x Continue to See Strong Cash Generation and Healthy Financial Position POLARIS *Please refer to the supporting schedules entitled "Non-GAAP Reconciliation" for reconciliations of adjusted or non-GAAP measures to the most directly comparable GAAP financial measures, which can be found in the appendix of this presentation. Q3'23 Earnings 10/24/23 11

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