Investor Presentaiton

Water Utilities Are Facing Many Challenges Implications for Utilities Unrealistic for U.S. water utilities and local governments to bridge the gap between their current capital spending and projected need for capital spending, based on the age and life expectancy of their infrastructure Moving forward the industry will have to use multiple approaches to extend the life of their assets including measured allocation of capital funds, product innovation, predictive maintenance planning, and rate increases • Climate change is reducing both water availability and quality; solutions to retain, treat, and recycle water will need to be incorporated into investment and operating plans Codification of contaminants regulation could accelerate innovation around testing for and removal of pollutants Population Shifts Aging Infrastructure BOD Aging Workforce Digitization Budget Pressures Implications for Mueller • Municipal repair and replacement remains a tailwind More detailed customer segmentation is needed to market targeted points of differentiation to disparate users Connecting infrastructure network to provide both predictive insight and mechanical functionality will enhance value proposition, thereby increasing adoption of products and services • Participating in training of the next generation of utility workers could be a competitive advantage Web-enabled tools are needed to engage new generation of users • Alternative business models likely to become more attractive to utilities Climate Regulation Water Utilities Urbanization MUELLER 11

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