Slide 1: Q2 2025 Earnings Release
- Picture to be updated Q2 2025 EARNINGS RELEASE JULY 22, 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 Q2 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 Delivered Sales Growth, Triple-Digit Margin Expansion and Double-Digit Earnings Growth in Q2 Adjusted Operating Sales ROS Adjusted EPS Income ❑ Q2’25 Performance: $1,123M $1.39 $1,099M $297M 26.4% − Sales up 2% $271M 24.7% $1.22 − Adjusted Operating Income up 9% 2% 9% 170 bps 14% Y
Slide 9: Strategic Overview
Strategic Overview ❑ Transformation Expected to Drive Margin Expansion Beyond 2026 ❑ 80/20 Actions Showing Early Success in Driving Focused Growth ❑ Investing in Growth Initiatives Across all Segments ❑ Delivering Innovation in Flow, Water Solutions and Pool ❑ Remaining Agile in a Dynamic Global Lan
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 $44M in 1H’2
Slide 11: Key Takeaways
Key Takeaways 1 Solid execution delivered sales growth and a record* quarter 2 Increased FY’25 Sales and Adjusted EPS guidance Continuing to build a foundation of optimal operational efficiency with volume leverage 3 opportunity not yet being realized due to economic headwinds in residential end mar
Slide 12: Q2'25 Pentair Performance
Q2’25 Pentair Performance Sales Adjusted Operating Income $48M $2M $8M $1,123M $43M Flat $20M $297M $1,099M $271M ($34M) ($37M) 2% 9% YoY YoY ROS ROS (3 pts) 4 pts 0 pts 1 pt 2 pts 24.7% 3.4% (0.1%) (3.4%) 1.8% 26.4% (1 pt) Vol/Price Q2’24 Volume Price Acq./Div. FX Q2’25 Q2’24 FX Inflation Prod. Q2’
Slide 13: Q2'25 Flow Performance
Move Water Q2’25 Flow Performance Sales Segment Income $397M $13M Flat $6M $397M $2M $10M $10M $93M ($19M) $84M ($13M) Flat 10% YoY YoY ROS ROS (4 pts) 3 pts 0 pts 1 pt 0 pts 21.3% 2.6% 0.1% (3.2%) 2.6% 23.4% (1 pt) Vol/Price Q2’24 Volume Price Acq./Div. FX Q2’25 Q2’24 FX Inflation Prod. Q2’25 Acq./
Slide 14: Q2'25 Water Solutions Performance
Improve Water Q2’25 Water Solutions Performance Sales Segment Income $311M $73M $4M $11M $2M $298M $6M $70M ($2M) ($21M) ($5M) ($11M) (4%) (4%) YoY YoY ROS ROS (7 pts) 4 pts (1 pt) 0 pts (4 pts) 23.5% 2.3% (0.7%) (3.5%) 1.9% 23.5% (1 pt) Vol/Price Q2’24 Volume Price Acq./Div. FX Q2’25 Q2’24 FX Infla
Slide 15: Q2'25 Pool Performance
Enjoy Water Q2’25 Pool Performance Sales Segment Income $23M $7M Flat $427M $1M $28M $2M $392M $5M $153M $134M ($12M) 9% YoY 14% YoY ROS ROS 1 pt 6 pts 2 pts 0 pts 9 pts 34.1% 4.1% 0.2% (3.1%) 0.4% 35.7% (1 pt) Vol/Price Q2’24 Volume Price Acq./Div. FX Q2’25 Q2’24 FX Inflation Prod. Q2’25 Acq./Div.
Slide 16: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Debt Summary Cash Flow ($M) $1,398M* Maturity Q2 2025 Q2 2024 YTD 2025 YTD 2024 Net Income – Continuing Ops $149 $186 $303 $320 $1,104M** 80% Fixed 2025 – 2032 Amortization 14 13 29 27 Subtotal $163 $199 $332 $347 Depreciation 15 15 29 30 $294M 20% Variable 2025 – 2030 Ca
Slide 17: Q3 and Full Year 2025 Pentair Outlook & Expectations
Q3 and Full Year 2025 Pentair Outlook & Expectations • Resilient water portfolio and focused growth strategy Q3’25 FY’25 • Increased FY’25 Sales (includes commercial services sale in Q2) and • Total Sales ~ flat to up 1% • Total Sales up ~1% to 2% ($4,125M to $4,165M) Adjusted EPS guidance range; Sa
Slide 18: Estimated Tariff Impact
Estimated Tariff Impact* PENTAIR ESTIMATED TARIFF IMPACT* IN 2H 2025 INCLUDED IN GUIDANCE UPDATE ON ACTIONS TAKEN & ASSUMPTIONS IN GUIDANCE ❑ Executing well in times of uncertainty CHINA 30% tariff: ~$25 million ❑ Tariff impact of ~$15M in Q2 and ~$60M expected in 2H’25 resulting in expected full ye
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 strong margin expansion for the 1 13th consecutive quarter as well as double-digit earnings growth; Pool sales rose 9% Increased full year 2025 Sales and Adjusted EPS guidance reflecting a
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
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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 Full In millions, except per-share data Quarter Qu
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 Six First Second Six In millions Quarter Quarter Months Quarter Quarter Months Net sales Flow $ 367.9 $ 397.3 $ 765.2 $ 384.3 $ 396.8 $ 781.1 Water Solutions 2
Slide 30: 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 June 30, 2025 (Unaudited) Q2 Net Sales Growth Core Currency Acq. / Div. Total Total Pentair 1.3 % 0.7 % 0.2 % 2.2 % Flow (1.3) % 1.4 %
Slide 31: 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 Six months ended ended ended March 31, June 30, June 30, In millions 2025 2025 2025 Net cash (used for) provided b
Slide 32: ROIC Reconciliation
ROIC Reconciliation Pentair plc and Subsidiaries Return on Invested Capital (ROIC) (Unaudited) Second Third Fourth First Second Quarter Quarter Quarter Quarter Quarter Dollars in millions 2024 2024 2024 2025 2025 Adjusted operating income $ 271.4 $ 239.2 $ 231.3 $ 242.5 $ 296.7 Reported effective ta
Slide 33: Last Twelve Months EBITDA Reconciliation
Last Twelve Months EBITDA Reconciliation Pentair plc and Subsidiaries Reconciliation of Net Income from Continuing Operations to EBITDA (Unaudited) Third Fourth First Second Last Quarter Quarter Quarter Quarter Twelve In millions 2024 2024 2025 2025 Months Net income from continuing operations $ 139
Slide 34: 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 35: 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