Trane Technologies Investor Presentation — August 2022

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August 3,2022Safe Harbor

2This presentation includes“forward -lookingstatements” which arestatements thatarenothistorical facts, including statements thatrelate to

ourfuture performance; statements relating tothecontinued impact oftheCOVID -19global pandemic; capital deployment including the

amount andtiming ofourdividends; ourshare repurchase program including theamount ofshares toberepurchased andthetiming ofsuch

repurchases; ourcapital allocation strategy including acquisitions (ifany); ourprojected freecash flowandusage ofsuch cash; ouravailable

liquidity; performance ofthemarkets inwhich we operate; restructuring activity andcostsavings associated withsuch activity; ourprojected

financial performance andtargets including assumptions regarding oureffective taxrate.

These forward -looking statements arebased onourcurrent expectations andaresubject torisks anduncertainties, which may cause actual

results todiffer materially from ourcurrent expectations. Such factors include, butarenotlimited to,theimpact oftheglobal COVID -19

pandemic onourbusiness, oursuppliers andourcustomers; global economic conditions taking intoaccount theglobal COVID -19pandemic;

thewarinUkraine; recessions andeconomic downturns; commodity shortages; supply chain constraints andprice increases; the outcome of

anylitigation; risks anduncertainties associated withtheChapter 11proceedings forourdeconsolidated subsidiaries Aldrich Pump LLC and

Murray Boiler LLC; cybersecurity risks; demand forourproducts andservices; andtaxaudits andtaxlawchanges andinterpretations.

Additional factors thatcould cause such differences canbefound inourForm 10-Kfortheyear ended December 31,2021, aswellasour

subsequent reports onForm 10-Qandother SEC filings. Weassume noobligation toupdate these forward -looking statements.

This presentation alsoincludes non-GAAP financial information which should beconsidered supplemental to,notasubstitute for,orsuperior

to,thefinancial measure calculated inaccordance withGAAP. Thedefinitions ofournon-GAAP financial information areincluded asan

appendix inourpresentation andreconciliations canbefound inourearnings releases fortherelevant periods located onourwebsite at

www.tranetechnologies.com .Unless otherwise indicated, alldata beyond thesecond quarter of2022 areestimates.CLEARPRIORITIES

Focused Strategy Delivers Differentiated Shareholder Returns

Strong operating system and

performance cultureUplifting culture–integrity, ingenuity,

community &engagementPowerful cash flowWin

InnovationGrow Margins

Climate Co.Dynamic Capital

4Strong Q2Results. Raising FYRevenue &EPS Guidance