Modine Manufacturing Company Investor Presentation — May 2020

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May 29, 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 defined in the Pri vate Securities Litigation Reform Act of 1995.

Modine's actual results, performance or achievements may differ materially from those expressed or implied in these statement s because of certain risks and

uncertainties, including, but not limited to those described under “Risk Factors” in Item 1A of Part I of the Company's Annua l Report on Form 10 -K for the year ended

March 31, 2019 and under Forward -Looking Statements in Item 7 of Part II of that same report, and in the Company’s Quarterly Rep ort on Form 10 -Q for the quarters

ended June 30, 2019, September 30, 2019, and December 31, 2019. Other risks and uncertainties include, but are not limited t o, 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 pri ce-down focus of Modine’s customers;

our ability to successfully execute our strategic and operational plans, including our ability to successfully exit the autom otive business within the VTS segment; our

ability to effectively and efficiently reduce our cost structure in response to sales volume declines and complete restructur ingactivities and realize benefits thereon; our

ability to comply with the financial covenants in our credit agreements and to fund our global liquidity requirements efficie ntly, particularly in light of the significant volatility