Ingersoll Rand Inc. · NYSE:IR

Ingersoll Rand — Merger or Acquisition (February 2021)

15 slides from Ingersoll Rand's merger presentation, Feb 16, 2021

1. Slide 1: Divestiture of High Pressure Solutions Segment

   Ingersoll Rand Divestiture of High Pressure Solutions Segment February 16, 2021

2. Slide 2: Forward-Looking Statements

   Forward-Looking Statements This presentation contains “forward-looking statements” as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, including s

3. Slide 3: Ingersoll Rand Achieves Key Milestone in Portfolio Optimization

   Ingersoll Rand Achieves Key Milestone in Portfolio Optimization • Ingersoll Rand has entered into an agreement to sell a majority interest in its High Pressure Solutions (“HPS”) segment to American Industrial Partners (“AIP”) in a partnership structure with retained upside for Ingersoll Rand • HPS s

4. Slide 4: Divestiture Achieves Key Goals for Ingersoll Rand

   Divestiture Achieves Key Goals for Ingersoll Rand Focuses Ingersoll Rand on core, high growth, sustainability-focused healthcare,  life sciences and industrial markets Materially eliminates upstream oil and gas exposure in continued operations to align  with ESG priorities  Significantly reduces

5. Slide 5: Sale of HPS Segment Is an Impactful Step Toward Portfolio Optimization

   Sale of HPS Segment Is an Impactful Step Toward Portfolio Optimization PHASE 1 PHASE 2 PHASE 3 Sale of HPS Strong Foundation Pivot to Growth Portfolio Optimization Segment Nurturing single culture through Purpose & Values / Engagement / Diversity & Inclusion Focuses IR Added ‘domain expertise’ talen

6. Slide 6: Sale of HPS Segment is Another Key Milestone in Ingersoll Rand's Evolution

   Sale of HPS Segment is Another Key Milestone in Ingersoll Rand’s Evolution 2021 Strong acquisition funnel focused on sustainable technologies and markets 2021 Ingersoll Rand acquires 2017 – 2020 Tuthill Vacuum and 2017 Gardner Denver executes accretive bolt- Blower Systems Gardner Denver on M&A prog

7. Slide 7: Ingersoll Rand is Focused on Sustainable Technologies in High Growth End Markets

   Ingersoll Rand is Focused on Sustainable Technologies in High Growth End Markets¹ Oil-Free Technology Water And Wastewater Hydrogen Industrial Technologies and Services Industrial Technologies Precision and Science Precision and Science Technologies Segment and Services Technologies Segment • Oil-fr

8. Slide 8: Sale of HPS Segment Improves Ingersoll Rand's Financial Profile

   Sale of HPS Segment Improves Ingersoll Rand’s Financial Profile ($M) TTM 9/30/2020 IR as Adjusted for the Current IR HPS Transaction Supplemental Adjusted Revenue $5,458 $5,229 Supplemental Adjusted EBITDA $1,048 $1,022 Minimal earnings loss Supplemental Adjusted EBITDA Margin 19.2% 19.5% Improves 3

9. Slide 9: Key Takeaways from Sale of HPS Segment

   Key Takeaways from Sale of HPS Segment Transaction accelerates Ingersoll Rand’s strategic initiative to optimize  the portfolio and focus on commitment to ESG principles  Ingersoll Rand retains upside through passive minority ownership Transaction enhances balance sheet liquidity to pursue strateg

10. Slide 10: Appendix

    aim) Ingersoll Rand Appendix

11. Slide 11: Supplemental Adjusted Revenue and Supplemental Adjusted EBITDA, Both Further Adjusted for HPS Transaction

    Supplemental Adjusted Revenue and Supplemental Adjusted EBITDA, Both Further Adjusted for HPS Transaction 11

12. Slide 12: Adjusted Operating Working Capital

    Adjusted Operating Working Capital 12

13. Slide 13: Table 1: Reconciliation of Net Income (Loss) to Adjusted EBITDA

    Table 1: Reconciliation of Net Income (Loss) to Adjusted EBITDA 13

14. Slide 14: Table 2: Reconciliation of Net Income (Loss) to Adjusted EBITDA and Supplemental Adjusted EBITDA

    Table 2: Reconciliation of Net Income (Loss) to Adjusted EBITDA and Supplemental Adjusted EBITDA 14

15. Slide 15: Table 3: Reconciliation of GAAP Revenue to Supplemental Adjusted Revenue by Segment

    Table 3: Reconciliation of GAAP Revenue to Supplemental Adjusted Revenue by Segment and for the Company and Segment Adjusted EBITDA to Supplemental Adjusted EBITDA 15

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