Flowserve Investor Presentation — October 2021

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Q3 2021 EARNINGS CONFERENCE CALL 1

October 28, 20212021 EARNINGS

CONFERENCE CALLTHIRD QUARTER

Q3 2021 EARNINGS CONFERENCE CALL 2

FORWARD LOOKING STATEMENTS AND NON

Safe Harbor Statement :This presentation includes forward -looking statements within themeaning ofSection 27AoftheSecurities Actof1933 andSection 21EoftheSecurities Exchange Actof1934 ,which are

made pursuant tothesafe harbor provisions ofthePrivate Securities Litigation Reform Actof1995 ,asamended .Words orphrases such as,"may," "should," "expects," "could," "intends," "plans," "anticipates,"

"estimates," "believes," "forecasts," "predicts" orother similar expressions areintended toidentify forward -looking statements, which include, without limitation, earnings forecasts, statements relating toour

business strategy andstatements ofexpectations, beliefs, future plans andstrategies andanticipated developments concerning ourindustry, business, operations andfinancial performance andcondition .

Theforward -looking statements included inthispresentation arebased onourcurrent expectations, projections, estimates andassumptions .These statements areonly predictions, notguarantees .Such forward -

looking statements aresubject tonumerous risks anduncertainties thataredifficult topredict .These risks anduncertainties may cause actual results todiffer materially from what isforecast insuch forward -

looking statements, andinclude, without limitation, thefollowing :theimpact oftheglobal outbreak ofCOVID -19onourbusiness andoperations ;aportion ofourbookings may notlead tocompleted sales, andour

ability toconvert bookings intorevenues atacceptable profit margins ;changes inglobal economic conditions andthepotential forunexpected cancellations ordelays ofcustomer orders inourreported backlog ;

ourdependence onourcustomers’ ability tomake required capital investment andmaintenance expenditures ;ifwearenotable tosuccessfully execute andrealize theexpected financial benefits from our

strategic transformation andrealignment initiatives, ourbusiness could beadversely affected ;risks associated with cost overruns onfixed -feeprojects andintaking customer orders forlarge complex custom

engineered products ;thesubstantial dependence ofoursales onthesuccess oftheoilandgas, chemical, power generation andwater management industries ;theadverse impact ofvolatile rawmaterials prices

onourproducts andoperating margins ;economic, political andother risks associated withourinternational operations, including military actions, trade embargoes, epidemics orpandemics orchanges totariffs or

trade agreements thatcould affect customer markets, particularly North African, Russian andMiddle Eastern markets andglobal oilandgasproducers, andnon-compliance with U.S.export/re -export control,