First-Quarter 2019 Results

Topics of Interest (cont.) ● Full Year Price / Cost Outlook of +20 bps to +30 bps ― ― ― ― — Q1 price / cost +70 bps driven by carryover of strong PY pricing and 2019 pricing actions PY pricing comps strengthen beginning in Q2; Full PY pricing laps in Q3/Q4 Expect cont'd commodity inflation in Q2 w/ moderating tier 1 & 2 material inflation in 2H Sec 301 tariff carryover impacts expected in Q2 & Q3; Full PY tariff impacts lap in Q4 Outlook includes proposed Sec 301 list 3 tariff increase from 10% to 25%; Actions identified to address increase if/when needed All in, expect to continue to actively, effectively manage inflation and tariffs R Ingersoll Rand. Note: Information as of April 30, 2019 --- NOT AN UPDATE OR REAFFIRMATION 33 33

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