Slide 1: Q3 2025 Earnings Release
- Picture to be updated Q3 2025 EARNINGS RELEASE OCTOBER 21, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains statements that we believe to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Without limitation
Slide 3: Key Definitions
Key Definitions • Except as otherwise noted, our results represent continuing operations for the period indicated, presented on an adjusted basis • Core sales refers to GAAP net sales from continuing operations excluding: (1) the impact of currency translation and (2) the impact of net sales from ac
Slide 4: Pentair Snapshot
Pentair Snapshot (NYSE: PNR) 2024 Sales: $4.1B Helping the World Sustainably Move, Improve and Enjoy Water – Life’s Most Essential Resource OEM, Direct, Other 25% End Markets Focus on Dividend Aristocrat Profitability 49 YEARS Trade / Channel Partners 23.5% Annual Dividend Increase 75% ROS (2024) Ba
Slide 5: Pentair's Multi-Year Performance
Pentair’s Multi-Year Performance A Leader in Helping the World Sustainably Move, Improve and Enjoy Water, Life’s Most Essential Resource Smart, Sustainable Water Solutions MOVE Water IMPROVE Water ENJOY Water $1,572 $1,633 $4,122 $4,105 $4,083 $1,177 $1,131 $1,436 $3,765 $1,501 $1,582 $1,514 $1,344
Slide 6: Balanced & Resilient Water Portfolio
Balanced & Resilient Water Portfolio $1.5B in Sales $1.1B in Sales $1.4B in Sales ~21% ROS ~23% ROS ~33% ROS MOVE Water IMPROVE Water ENJOY Water Helping the World Sustainably Move, Improve and Enjoy Water, Life’s Most Essential Resource Note: Sales and ROS reflect 2024 performance. 6 Q3 2025 Earnin
Slide 7: Transformation Initiatives
Transformation Initiatives Targeting 26% ROS by FY’26*, Expansion of Over 700 Basis Points from 2022 2026T 2022 Sales Pricing Excellence Sales Material Sourcing Excellence Material Costs Costs Operational Excellence OCOGS OCOGS Other Expenses Other Organizational Effectiveness Expenses ROS ~26% FY’2
Slide 8: Executive Summary
Executive Summary Strong execution drove a record* Q3 across Adjusted Operating Income, ROS and Adjusted EPS Adjusted Operating Sales ROS Adjusted EPS Income ❑ Q3’25 Performance: $1,022M $263M 25.7% $1.24 − Sales up 3% $993M $239M $1.09 24.1% − Adjusted Operating Income up 10% 3% 10% 160 bps 14% YoY
Slide 9: Strategic Overview
Strategic Overview ❑ Transformation Expected to Drive Margin Expansion Beyond 2026 ❑ 80/20 Actions Showing Early Success in Driving Growth ❑ Continued to Invest in Focused Growth Initiatives ❑ Delivering Innovation Through Digital and Product Technology ❑ Financial Discipline Driving Smart Use of Ca
Slide 10: Transformation & 80/20 Continues to Expand Margins
Transformation & 80/20 Continues to Expand Margins Pentair Business System 1 Drove $174M in Transformation Savings (2023-2024, net of investments) xity Reduct omple ion C 80/20 Approach 2 Expect to Deliver ~$80M in Transformation and 80/20 Savings in 2025 (net of investments); Delivered $56M year-to
Slide 11: Key Takeaways
Key Takeaways Delivered another quarter of sales growth and double-digit earnings growth driven by 1 strong execution across our balanced water portfolio Increased FY’25 sales guidance to up ~2% and increased Adjusted EPS guidance to $4.85 2 to $4.90 Continued to build a foundation of optimal operat
Slide 12: Q3'25 Pentair Performance
Q3’25 Pentair Performance Sales Adjusted Operating Income $48M $2M $993M $37M $9M $1,022M $12M $263M ($3M) ($14M) $239M ($38M) 3% 10% YoY YoY ROS ROS (1 pt) 4 pts (1 pt) 1 pt 3 pts 24.1% 4.2% 0.0% (3.8%) 1.2% 25.7% (1 pt) Vol/Price Q3’24 Volume Price Acq./Div. FX Q3’25 Q3’24 FX Inflation Prod. Q3’25
Slide 13: Q3'25 Flow Performance
Move Water Q3’25 Flow Performance Sales Segment Income $12M $2M $7M $394M $16M $2M $1M $8M $95M $372M $83M ($14M) 6% 15% YoY YoY ROS ROS 1 pt 3 pts 0 pts 2 pts 6 pts 22.2% 3.7% 0.0% (3.8%) 2.1% 24.2% (1 pt) Vol/Price Q3’24 Volume Price Acq./Div. FX Q3’25 Q3’24 FX Inflation Prod. Q3’25 Acq./Div. Flow
Slide 14: Q3'25 Water Solutions Performance
Improve Water Q3’25 Water Solutions Performance Sales Segment Income $290M $15M $8M $1M $2M $273M $7M $68M $64M ($14M) ($20M) ($12M) (6%) 6% YoY YoY ROS ROS (5 pts) 5 pts (7 pts) 1 pt (6 pts) 22.2% 4.3% 0.2% (4.2%) 2.5% 25.0% (1 pt) Vol/Price Q3’24 Volume Price Acq./Div. FX Q3’25 Q3’24 FX Inflation
Slide 15: Q3'25 Pool Performance
Enjoy Water Q3’25 Pool Performance Sales Segment Income $4M Flat $354M $20M Flat $11M $8M $113M $116M $331M ($10M) ($7M) 7% YoY 3% YoY ROS ROS 3 pts 3 pts 1 pts 0 pts 7pts 34.0% 4.2% (0.1%) (3.1%) (2.2%) 32.8% (1 pt) Vol/Price Q3’24 Volume Price Acq./Div. FX Q3’25 Q3’24 FX Inflation Prod. Q3’25 Acq.
Slide 16: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Debt Summary Cash Flow ($M) $1,580M* Maturity Q3 2025 Q3 2024 YTD 2025 YTD 2024 Net Income – Continuing Ops $184 $140 $488 $459 $1,085M** ~70% Fixed 2029 – 2032 Amortization 14 13 42 40 Subtotal $198 $153 $530 $499 Depreciation 15 15 45 45 $495M ~30% Variable 2027 – 2030
Slide 17: Q4 and Full Year 2025 Pentair Outlook & Expectations
Q4 and Full Year 2025 Pentair Outlook & Expectations • Resilient water portfolio and focused growth strategy Q4’25 FY’25 • Increased FY’25 Sales and Adjusted EPS guidance range; Adjusted EPS Total Sales up ~2%, ~$4,160M to $4,170M of $4.85 to $4.90 (was $4.75 to Sales Sales Total Sales up ~3% to 4%,
Slide 18: Estimated Tariff Impact in 2025
Estimated Tariff Impact in 2025* ESTIMATED INCREMENTAL TARIFF IMPACT* IN 2025 INCLUDED IN GUIDANCE UPDATE ON ACTIONS TAKEN & ASSUMPTIONS IN GUIDANCE CHINA 30% tariff: ~$30 million ❑ Executing well and offsetting the impact of tariffs ❑ Total 2025 tariff impact of ~$75M remains consistent with outloo
Slide 19: Pentair Is Well-Positioned with a Capital-Lite Model
Pentair Is Well-Positioned with a Capital-Lite Model Solid execution across our balanced water portfolio drove sales growth and double-digit 1 adjusted earnings growth in Q3 and strong margin expansion for the 14th consecutive quarter 2 Increased full year 2025 Sales and Adjusted EPS guidance reflec
Slide 20: We Believe Pentair Is a Compelling Investment Opportunity
We Believe Pentair Is a Compelling Investment Opportunity An industry leader with a balanced, innovative water portfolio Transformation initiatives to drive operational efficiencies and margin expansion Sustainability focus on People, Planet and Governance to provide smart, sustainable water solutio
Slide 21: Pentair
> PENTAIR
Slide 22: Appendix
Appendix GAAP TO NON-GAAP MEASUREMENTS & RECONCILIATIONS
Slide 23: Reported To Adjusted 2025 Reconciliation
Reported To Adjusted 2025 Reconciliation Pentair plc and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures for the Year Ending December 31, 2025 Excluding the Effect of 2025 Adjustments (Unaudited) Actual Forecast First Second Third Fourth Full In millions, except per-share data Qua
Slide 24: Reported To Adjusted 2024 Reconciliation
Reported To Adjusted 2024 Reconciliation Pentair plc and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures for the Year Ended December 31, 2024 Excluding the Effect of 2024 Adjustments (Unaudited) First Second Third Fourth Full In millions, except per-share data Quarter Quarter Quar
Slide 25: Reported To Adjusted 2023 Reconciliation
Reported To Adjusted 2023 Reconciliation Pentair plc and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures for the Year Ended December 31, 2023 Excluding the Effect of 2023 Adjustments (Unaudited) First Second Third Fourth Full In millions, except per-share data Quarter Quarter Quar
Slide 26: Reported To Adjusted 2022 Reconciliation
Reported To Adjusted 2022 Reconciliation Pentair plc and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures for the Year Ended December 31, 2022 Excluding the Effect of 2022 Adjustments (Unaudited) First Second Third Fourth Full In millions, except per-share data Quarter Quarter Quar
Slide 27: Reported To Adjusted 2021 Reconciliation
Reported To Adjusted 2021 Reconciliation Pentair plc and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures for the Year Ended December 31, 2021 Excluding the Effect of 2021 Adjustments (Unaudited) First Second Third Fourth Full In millions, except per-share data Quarter Quarter Quar
Slide 28: Reported To Adjusted 2019-2020 Reconciliations
Reported To Adjusted 2019-2020 Reconciliations Pentair plc and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures for the Years Ended December 31, 2019 and 2020 Excluding the Effect of 2019 and 2020 Adjustments (Unaudited) In millions, except per-share data 2019 2020 Net sales $ 2,95
Slide 29: Segment Information
Segment Information Pentair plc and Subsidiaries Supplemental Financial Information by Reportable Segment (Unaudited) 2025 2024 First Second Third Nine First Second Third Nine In millions Quarter Quarter Quarter Months Quarter Quarter Quarter Months Net sales Flow $ 367.9 $ 397.3 $ 394.0 $ 1,159.2 $
Slide 30: 2023 Segment Information
2023 Segment Information Pentair plc and Subsidiaries Supplemental Financial Information by Reportable Segment (Unaudited) 2023 First Second Third Nine In millions Quarter Quarter Quarter Months Net sales Flow $ 391.8 $ 411.6 $ 400.2 $ 1,203.6 Water Solutions 272.0 336.2 299.4 907.6 Pool 364.3 334.3
Slide 31: Core Sales Growth Reconciliation
Core Sales Growth Reconciliation Pentair plc and Subsidiaries Reconciliation of Net Sales Growth to Core Net Sales Growth by Reportable Segment For the Quarter Ended September 30, 2025 (Unaudited) Q3 Net Sales Growth Core Currency Acq. / Div. Total Total Pentair 3.3 % 1.0 % (1.4) % 2.9 % Flow 3.6 %
Slide 32: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation Pentair plc and Subsidiaries Reconciliation of the GAAP Operating Activities Cash Flow to the Non-GAAP Free Cash Flow (Unaudited) Three months Three months Three months Nine months ended ended ended ended March 31, June 30, September 30, September 30, In millions 2025 2
Slide 33: ROIC Reconciliation
ROIC Reconciliation Pentair plc and Subsidiaries Return on Invested Capital (ROIC) (Unaudited) Third Fourth First Second Third Quarter Quarter Quarter Quarter Quarter Dollars in millions 2024 2024 2025 2025 2025 Adjusted operating income $ 239.2 $ 231.3 $ 242.5 $ 296.7 $ 262.6 Reported effective tax
Slide 34: Last Twelve Months EBITDA Reconciliation
Last Twelve Months EBITDA Reconciliation Pentair plc and Subsidiaries Reconciliation of Net Income from Continuing Operations to EBITDA (Unaudited) Fourth First Second Third Last Quarter Quarter Quarter Quarter Twelve In millions 2024 2025 2025 2025 Months Net income from continuing operations $ 166
Slide 35: 2024 EBITDA Reconciliation
2024 EBITDA Reconciliation Pentair plc and Subsidiaries Reconciliation of Net Income from Continuing Operations to EBITDA for the Year Ended December 31, 2024 (Unaudited) In millions FY 2024 Net income from continuing operations $ 625.6 Adjustments: Restructuring and other 37.0 Transformation costs
Slide 36: 2025 EBITDA Reconciliation
2025 EBITDA Reconciliation Pentair plc and Subsidiaries Reconciliation of Net Income from Continuing Operations to EBITDA for the Year Ending December 31, 2025 (Unaudited) Full Year at Midpoint In millions Outlook Net income from continuing operations approx $ 664 Adjustments: Intangible amortizatio