Slide 1: Second Quarter 2026 Supplemental
Second Quarter 2026 Supplemental July 28, 2026 1 1
Slide 2: Cautionary statement
Cautionary statement Forward-Looking Information This communication contains forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding macroeconomic conditions and
Slide 3: Accelerated sales growth, double-digit EPS growth
Accelerated sales growth, double-digit EPS growth Reported diluted EPS $1.90; adjusted diluted EPS $2.09, +11% ▪ Ecolab delivered strong performance across the business. Accelerated organic sales growth, driven by good volume growth despite Middle East disruptions and by improved pricing, as well as
Slide 4: 2Q overview
2Q overview ▪ Accelerated growth with reported sales +10%; organic sales 5% ◦ Volume +1%, as strong new business wins overcame a ~1% headwind from the Middle East conflict. ◦ Pricing improved to +4%, reflecting early benefits from Ecolab's energy surcharge implementation. ▪ Broad-based organic growt
Slide 5: Raises 2026 outlook, driven by accelerating sales growth
Raises 2026 outlook, driven by accelerating sales growth ▪ Long-term growth trends in water, hygiene, infection prevention, and digital technologies continue to fuel resilient demand for Ecolab’s innovative technologies and services. Strong momentum in Ecolab’s growth engines, which include Global H
Slide 6: Second half 2026 guidance and long-term targets
Second half 2026 guidance and long-term targets 2H 2026 Guidance Long-Term Targets Reported sales growth +12% to 14% +5-7% ORGANIC Organic sales growth +6% to 7% SALES GROWTH Adj. OI margin 19% >20% OI MARGIN Organic OI margin 20% +100-150 BPS PER YEAR Adj. tax rate 20.5% to 21.5% +12-15% ADJUSTED F
Slide 7: 2Q 2026 sales growth detail
2Q 2026 sales growth detail Fixed Rate Organic % Change % Change % Change Global Water Consolidated Food & Beverage 7% 7% Volume 1% Heavy Water -1% -1% Pricing 4% High-Tech 139% 29% Organic 5% Light Water 3% 3% Acq./Div. 3% Paper 0% 0% Fixed currency growth 8% Total Global Water 10% 4% Currency impa
Slide 8: Global Water Segment
Global Water Segment Sales +7% Food & Beverage ▪ Organic sales growth accelerated, continuing to significantly outperform market trends. ▪ Growth was strong and broad-based across all major end-markets, driven by robust new business wins and improved pricing. ▪ We continue to benefit from our One Ec
Slide 9: Global Water Segment
Global Water Segment Sales +29% High-Tech ▪ Fixed currency sales increased 139%, reflecting the acquisition of Ovivo Electronics. Accelerating organic sales growth reflected robust and broad- based new business wins across microelectronics and data centers. ▪ Microelectronics: Continued robust growt
Slide 10: Global Water Segment
Global Water Segment Sales 0% Paper ▪ Paper's performance continued to improve with stable sales reflecting good new business wins that overcame soft but stabilizing customer production rates. ▪ Performance in tissue, towel, and packaging all improved sequentially, driven by good new business wins a
Slide 11: Global Institutional & Specialty Segment
Global Institutional & Specialty Segment Sales +3% Institutional ▪ Performance improved, driven by continued good growth in sales to hospitality customers and modest growth in sales to hospitals. ◦ Hospitality: Consistent performance reflected continued value pricing and good new business wins from
Slide 12: Global Pest Elimination Segment
Global Pest Elimination Segment Sales +7% Pest Elimination ▪ Strong organic growth was led by robust gains in restaurants, food retail, and food & beverage. This strong and broad-based performance continues to benefit from our One Ecolab enterprise selling approach. ▪ To fuel continued, strong long-
Slide 13: Global Life Sciences Segment
Global Life Sciences Segment Sales +15% Life Sciences ▪ Accelerated sales growth reflected very strong new business wins that leverage our innovation and investments in new capabilities and capacity. ▪ Performance was driven by continued robust share gains in bioprocessing and pharmaceutical & perso
Slide 14: Segment operating income performance
Segment operating income performance ($ millions – fixed currency, unaudited) Global Water 2Q 2026 2Q 2025 Change Global Institutional & Specialty 2Q 2026 2Q 2025 Change Operating income $347.7 $329.7 5% Operating income $389.9 $368.1 6% Operating income margin 15.7% 16.4% -70 bps Operating income m
Slide 15: Consolidated margin performance
Consolidated margin performance $ millions, unaudited 2Q 2026 2Q 2025 Change Gross Margin Gross profit $1,945.9 $1,802.4 8% ▪ As expected, gross margin declined due to the impact of recent acquisitions. Organic gross margin was stable as accelerating Gross margin 44.1% 44.8% -70 bps pricing offset h
Slide 16: Balance sheet / cash flow
Balance sheet / cash flow Summary Balance Sheet June 30 June 30 (millions, unaudited) 2026 2025 (millions, unaudited) 2026 2025 Cash and cash eq. $5,135.3 $1,920.9 Short-term debt $1,271.1 $688.5 Accounts receivable, net 3,452.7 3,058.9 Accounts payable 2,157.8 1,883.5 Inventories 1,643.9 1,569.4 Ot
Slide 17: Non-GAAP financial measures
Non-GAAP financial measures Second Quarter Ended Six Months Ended June 30 June 30 (millions, except percent and per share) 2026 2025 2026 2025 Net sales Reported GAAP net sales $4,415.4 $4,025.2 $8,481.5 $7,720.2 Effect of foreign currency translation (11.0) 64.8 (23.2) 192.9 Non-GAAP fixed currency
Slide 18: Non-GAAP financial measures
Non-GAAP financial measures Second Quarter Ended Six Months Ended June 30 June 30 (millions, except percent and per share) 2026 2025 2026 2025 Operating income Reported GAAP operating income $757.9 $710.1 $1,379.9 $1,265.4 Special (gains) and charges at public currency rates 51.1 27.1 108.8 61.4 Non
Slide 19: Non-GAAP financial measures
Non-GAAP financial measures Second Quarter Ended June 30 2026 2025 EBITDA (trailing twelve months ended) Net income including non-controlling interest $2,133.6 $2,155.3 Provision for income taxes 496.1 536.2 Interest expense, net 265.4 253.6 Depreciation 709.0 645.9 Amortization 321.6 297.5 EBITDA $
Slide 20: Non-GAAP financial measures
Non-GAAP financial measures Second Quarter Ended June 30 2026 2025 Impact of Acquisitions Impact of Acquisitions (millions) Fixed Currency and Divestitures Organic Fixed Currency and Divestitures Organic Net Sales Global Water $2,215.5 ($117.0) $2,098.5 $2,014.9 $- $2,014.9 Global Institutional & Sp
Slide 21: Non-GAAP financial information
Non-GAAP financial information Non-GAAP Financial Information: This communication and certain of the accompanying tables include financial measures that have not been calculated in accordance with accounting principles generally accepted in the U.S. (“GAAP”). These non-GAAP financial measures may in
Slide 22: Non-GAAP financial information (cont.)
Non-GAAP financial information (cont.) Non-GAAP Financial Information (Continued): Our non-GAAP financial measures for adjusted gross margin, adjusted gross profit and adjusted operating income exclude the impact of special (gains) and charges and our non-GAAP financial measures for adjusted tax rat