Slide 1: Linde plc Investor Teleconference Presentation Second Quarter 2026
Linde plc Investor Teleconference Presentation Second Quarter 2026 July 31, 2026
Slide 2: Forward-Looking Statement
Forward-Looking Statement This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by terms and phrases such as: anticipate, believe, intend, estimate, expect, continue, should, cou
Slide 3: Global End Market Trends
Global End Market Trends 2Q 2026 End Market % of Sales(1) & YoY Trend YoY Sales(2) Growth Seq. Sales(2) Growth Consumer Related End Markets (More Resilient) Healthcare 16% +2% +1% Food & Beverage 9% +3% +5% Electronics 10% +18% +7% Industrial Related End Markets (More Cyclical) Manufacturing 21% +5%
Slide 4: Second-Quarter Adjusted Results
Second-Quarter Adjusted Results (1) 2 YOY SEQ. ($MM) 2Q 2026 1Q 2026 Var 2Q 2025 Var Q Sales Growth + 9% + 6% Sales $9,289 $8,781 6% $8,495 9% Volume + 2% + 3% Operating Profit $2,744 $2,630 4% $2,556 7% Price / Mix + 2% + 1% % of Sales 29.5% 30.0% 30.1% Cost pass-thru + 1% -- Currency + 2% -- Net I
Slide 5: 2026 Capital Management
2026 Capital Management YTD Capital Allocation Operating Cash Flow (OCF) Trend ($B) Business Return to 2025 2026 Investments Base Shareholders $3.2B capex(1) Net share $3.1B $1.3B buybacks $1.7B Secured growth(2) Dividends $1.9B $1.4B ▪ Re-invested $3.2B in the business, +14% YoY OCF $2.2 $2.9 $3.0
Slide 6: 2026 Guidance
2026 Guidance 3rd Quarter Full-Year ▪ Adjusted EPS in the range of $4.45 to $4.55 ▪ Adjusted EPS in the range of $17.70 to $17.90 (1) (1) • +6% to +8% vs. 2025 • +8% to +9% vs. 2025 • Estimated YoY currency flat; Sequentially -1% • Estimated YoY currency tailwind +1% • Mid-point assumes no economic
Slide 7: Appendix
Appendix 7
Slide 8: Americas
Americas ($MM) 2Q 2026 1Q 2026 Var 2Q 2025 Var YOY SEQ. Sales Growth + 7% + 1% Sales $4,083 $4,025 1% $3,812 7% Volume + 2% + 2% Operating Profit $1,272 $1,272 -- $1,209 5% Price / Mix + 2% -- % of Sales 31.2% 31.6% 31.7% Cost pass-thru -- - 2% Currency + 2% -- Acq / Div + 1% + 1% Sales by End Marke
Slide 9: APAC
APAC ($MM) 2Q 2026 1Q 2026 Var 2Q 2025 Var YOY SEQ. Sales Growth + 13% + 10% Sales $1,870 $1,701 10% $1,655 13% Volume + 6% + 5% Operating Profit $531 $477 11% $490 8% Price / Mix + 2% + 3% Cost pass-thru + 2% + 2% % of Sales 28.4% 28.0% 29.6% Currency + 3% -- Acq / Div -- -- Sales by End Market ▪ Y
Slide 10: EMEA
EMEA ($MM) 2Q 2026 1Q 2026 Var 2Q 2025 Var YOY SEQ. Sales Growth + 7% + 6% Sales $2,303 $2,171 6% $2,162 7% Volume - 1% + 4% Operating Profit $823 $784 5% $780 6% Price / Mix + 2% + 1% % of Sales 35.7% 36.1% 36.1% Cost pass-thru + 2% + 2% Currency + 3% - 1% Acq / Div + 1% -- Sales by End Market ▪ Co
Slide 11: Engineering
Engineering ($MM) 2Q 2026 1Q 2026 Var 2Q 2025 Var ▪ Operating margins driven by project timing and mix of intercompany vs. 3rd party plant sales Sales $625 $517 21% $551 13% Operating Profit $100 $101 -1% $90 11% ▪ Order intake of projects, $0.9B % of Sales 16.0% 19.5% 16.3% ▪ SOP (sale of plant) ba
Slide 12: Global Other
Global Other ($MM) 2Q 2026 1Q 2026 Var 2Q 2025 Var ▪ YoY sales growth driven by the advanced materials business, primarily to Electronics end market and Sales $408 $367 11% $315 30% Commercial Aerospace sector Operating Profit $18 ($4) 550% ($13) 238% ▪ YoY operating profit improvement primarily led
Slide 13: High-Quality Project Backlog $11.1B
High-Quality Project Backlog $11.1B Geography SOG Backlog (2) SOP Backlog(1) $8.1B $3.0B End Market ✓ Contractual growth ✓ Contractual growth ✓ Secure cash flow ✓ Secure cash flow ✓ Double-digit IRR ✓ Double-digit IRR ✓ High-quality customers ✓ High-quality customers Clean Energy ✓ Increases network
Slide 14: ESG Performance vs. 2028 Goals
ESG Performance vs. 2028 Goals Target: 35% Reduction in GHG Emissions Intensity 2018-2028 (1) Decarbonizing our Future ▪ Linde Expands Renewable Energy Sourcing in EMEA and APAC ▪ Linde Marks 11th Consecutive Year in FTSE4Good Index Series GHG Emissions Intensity(1) (Target: reduce 35% by 2028) ‒ Im
Slide 15: Sustainable Development Highlights
Sustainable Development Highlights Best-in-class Enabled the More than 373,000 safety performance avoidance of >2x GHG people benefited from global Lost Workday Case Rate more than emissions than were emitted employee community 9x better than U.S. Occupational in all the company’s operations engagem
Slide 16: Non-GAAP Measures
Non-GAAP Measures LINDE PLC AND SUBSIDIARIES SUMMARY NON-GAAP RECONCILIATIONS (UNAUDITED) The following adjusted amounts are Non-GAAP measures and are intended to supplement investors’ understanding of the company's financial statements by providing measures which investors, financial analysts and m
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Slide 27: Investor Relations
Investor Relations For further information, please contact Phone: +1-203-837-2210 Internet: Email: investor.relations@linde.com www.linde.com/investors Making our world more productive