Modine Manufacturing Company Investor Presentation — February 2020

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February 5, 2020 8:00 am CDT2

Forward -Looking Statements

This presentation contains statements, including information about future financial performance and market conditions, accomp anied by phrases such as

“believes,” “estimates,” “expects,” “plans,” “anticipates,” “intends,” and other similar “forward -looking” statements, as define d in the Private Securities Litigation

Reform Act of 1995. Modine's actual results, performance or achievements may differ materially from those expressed or implie d in these statements because of

certain risks and uncertainties, including, but not limited to those described under “Risk Factors” in Item 1A of Part I of t he Company's Annual Report on Form 10 -K

for the year ended March 31, 2020 and under Forward -Looking Statements in Item 7 of Part II of that same report and in the Compa ny’s Quarterly Reports on Form

10-Q for the quarters ended June 30, 2020 and September 30, 2020. Other risks and uncertainties include, but are not limited to, the following: the impact of the

COVID -19 pandemic on the national and global economy, our business, suppliers, customers, and employees; the overall health and price -down focus of Modine’s

customers; our ability to successfully execute our strategic and operational plans, including our ability to successfully com plete the pending sale of our liquid -cooled

automotive business, including the receipt of governmental and third -party approvals and satisfaction of other closing condition s, and our ability to successfully exit

our other automotive businesses; our ability to effectively and efficiently reduce our cost structure in response to sales vo lume declines and complete restructuring