Franklin Electric Co., Inc. · NASDAQ:FELE
Franklin Electric — Baird Conference November 2025
25 slides from Franklin Electric's conference presentation, Nov 13, 2025
Slide 1: Baird Conference
@ Franklin Electric (odlinen tReet Baird Conference Joe Ruzynski | Chief Executive Officer Jennifer Wolfenbarger | Chief Financial Officer November 2025
Slide 2: Safe Harbor Statement
q Q > Franklin Electric 4 Safe Harbor Statement "Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions
Slide 3: Franklin Electric at a Glance
& Franklin Electric 4 Franklin Electric at a Glance At Franklin Electric, we protect the world's most critical resources. We are a flow control company with a focus on Water and Energy. We partner with our customers with leading innovation, world class service, and a committed team to keep Moving Fo
Slide 4: Investment Highlights
@ Franklin Electric Investment Highlights! --- market position in groundwater pumping systems Track record of stent organic gro across segments Advantageous =i(0) °--)5 to extend leadership and capture revenue in developing markets Strong balance sheet in y/-1° (3) Sena: ~.-) ‘with opportunity for i
Slide 5: Value creation framework and business segments
At Franklin (NASDAQ: FELE), we protect the world’s most critical resources. Using responsible innovation and sustainable manufacturing, we serve as an indispensable partner to our customers who work alongside us to keep Moving Life Forward™. UR VALUE CREATION FRAMEWORK UR BUSINESS SEGMENTS $ 6 p ee
Slide 6: Our Strategic Focus
& Franklin Electric 4 Our Strategic Focus == * To serve critical Water and Energy needs globally and serve locally * To help our customers win through innovation, solutions and service, using our strong channel as a growth multiplier * To elevate the supplier, customer, and employee experience using
Slide 7: Durable Growth Drivers & Secular Trends in Our Markets
& Franklin Electric 4 Durable Growth Drivers & Secular Trends in Our Markets FELE Markets aN Residential (Pumps) TH Commercial & od Industrial o (Pumps) Municipality & Utility FA (Pumps) (|, Exasea oo) il Energy O (Marketers & Critical Asset Monitoring) ————_——~ Agriculture (Pumps) a 3-yr Growth* 3.
Slide 8: Markets Overview
Markets Overview (2025 Proforma) Franklin Electric End-Market Channel Application Geography ~3% Other ~12% _ ~A9% Groundwater Mani. & Util 7 ‘ Retail ~13% > ; ~9% Eno J aw = (7 f 213% | revenue fer, \ Revenue Water Distribution Treatment ~20% Commercial & Industrial ~13% Fueling & Grid Note: Segment
Slide 9: Water Systems
Water Systems Value Proposition We provide Essential Water Systems to supply, move, remove & treat water We will capitalize on Urbanization, Exponential Growth of Computing Power, Increasing Mineral Demand, & Maturing demographics We provide unique, premium quality products, services & solutions tha
Slide 10: Distribution
Distribution A. 4 HEADWATER ew COMPANIES Value Proposition GICON PUMPS & EQUIPMENT a BLAKE (h VALLEY A eouirwenr MILAN Lo} HEADWATER WHOLESALE 2025 YTD Performance We will free up cash and accelerate growth with our On Site Inventory Program, enabling customers to invest in strategic initiatives We
Slide 11: Energy Systems
Energy Systems @ Franklin Electric @ Franklin Electric GRID SOLUTIONS @ Franklin Electric FUELING SYSTEMS Value Proposition 2025 YTD Performance We have a proven track record of delivering exceptional value in fuel handling and electrical grid monitoring We develop world-class VOC driven innovations
Slide 12: New Products, Vitality, and Velocity
& Franklin Electric 4 New Products, Vitality, and Velocity ¢ New product launches to increase by 40% @ Franklin Electric FUELING SYSTEMS ¢ Increasing New Product Velocity decreasing time to launch by 100 days in 2025 Remote Control Solution with OVERSITE™ Franklin Electric GRID SOLUTIONS @Pioneerruv
Slide 13: An All-in-One Fuel Monitoring System Solution
& Franklin Electric 4 AN ALL-IN-ONE FUEL MONITORING SYSTEM SOLUTION Al THE PRICE OF JUST A CONSOLE Market Need Franklin Electric Solution + Asizable portion of the market + EVO~ ONE I-in-one, right d relies on outdated technology for pec lnei eles dea fuel management solution (including fuel monitor
Slide 14: Water Pressure Boosting
q Q > Franklin Electric 4 Water Pressure Boosting Market Pain Points New Released Line Refining Channel Approach Sprawling municipal Standard Easy-to-Use Interface WN Prioritizing End Users infrastructure is degrading 1) Understand Needs & Pain Points 2) Generate Pull-through Demand VR SpecPAK Wide
Slide 15: Financial Performance Summary
@ Franklin Electric Financial Performance Summary
Slide 16: Financial Performance Summary
(9 Franklin Electric Financial Performance Summary? Consolidated Sales (SM) $2,044 $2,065 $2,021 4 3 ‘ 6 15% $1,662 S4247 N EVENL EPS C CAGR FY2020-2024 2020 2021 2022 2023 2024 EPS $3.97 $4.11 $3.86 $3.25 - a i 2020 2021 2022 2023 2024 1 ROIC based on after-tax calculation *Non-GAAP financial metri
Slide 17: Cash Generation & Returns
@ Frantdin Electric ae " a = 4 ey |) , a rm Cash Generation & Returns? Net Income ($M) Free Cash Flow (SM)! $276 $189 $195 $182 $221 $155 $189 $101 $101 || - 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Free Cash Flow Conversion ROIC? 187% P a nea 17.2% iao% 142% % 120% aN 13.8% 65% 32% 2020 20
Slide 18: Performance by Segment
q A > Franklin Electric 4 WATER SYSTEMS DISTRIBUTION NET SALES First Nine Months 2025 YoY $539.1M up 2% (2% organic growth) NET SALES First Nine Months 2025 YoY $964.7M up 7% Operating Income First Nine Months 2025 YoY $165.5M up 2% (3% organic growth) Performance by Segment?23 Operating Income Firs
Slide 19: Non-GAAP Reconciliations
@ Franklin Electric Non-GAAP Reconciliations
Slide 20: Non-GAAP Reconciliations
} Franklin Electric Non-GAAP Reconciliations To supplement Franklin Electric’s consolidated financial statements presented on a U.S. GAAP basis, the company discloses certain non-GAAP financial measures. These non-GAAP financial measures are not in accordance with generally accepted accounting princ
Slide 21: Reconciliation of Non-GAAP Financial Measure
& Franklin Electric 4 Reconciliation of Non-GAAP Financial Measure Total Debt to Net (Cash) Debt and Net Leverage $ In millions As of September 30, 2025 Total debt $ 204 Less: cash and cash equivalents $ (103) Net (cash) debt $ 101 Nine months ended Yearended Nine months ended Twelve months ended Se
Slide 22: Reconciliation of Non-GAAP Financial Measure: ROIC
& Franklin Electric 4 Reconciliation of Non-GAAP Financial Measure Return on Invested Capital (ROIC) $ In millions Net Operating Income After Tax 2024 2023 2022 2021 2020 Operating income $ 243.6 $ 2624 $ 2572 $ 189.2 §$ 1305 Income tax on operating income 56.0 52.5 54.0 37.8 27.9 Net operating inco
Slide 23: Reconciliation of Non-GAAP Financial Measure: Free Cash Flow
< Q > Franklin Electric 4 Reconciliation of Non-GAAP Financial Measure Operating Cash Flow to Free Cash Flow $ in millions Year Ended December 31, 2024 2023 2022 2021 2020 Cash flows from operating activities $ 261.4 § 315.7 $ 101.7 $ 12298 $ 2119 Cash flows from investing activities $ (45.6) $ (74.
Slide 24: Reconciliation of Non-GAAP Financial Measure: Organic Sales Growth
& Franklin Electric 4 Reconciliation of Non-GAAP Financial Measure Reported sales growth to organic sales growth Net Sales Growth % Organic as Acquisitions Growth Reported % FX % %* Q3 2025 Consolidated 9 3 - 6 Water 11 3 - 6 Energy 1 - - 15 Distribution 3 - - 3 First Nine Months 2025 Consolidated 6
Slide 25: Thank You
& Franklin Electric 4 THANK YOU 7 Be Jennifer Wolfenbarger, CFO Franklin Electric Co., Inc. InvestorRelations@FELE.com 260-827-5520