Waters Corporation Investor Presentation — November 2022

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November 1, 2022Q3 2022 Earnings Call Presentation2 ©2022 Waters Corporation

Forward -Looking Statements & Non- GAAP Financial Measures

This presentation contains forward-looking statements regarding future results andevents, including financial andoperational guidance andprojected estimates .For

thispurpose, anystatements that arenotstatements ofhistorical factmay bedeemed forward -looking statements .Words such as“may,” “will,” “expect,” “plan,”

“anticipate,” “estimate,” “intend,” “outlook,” andsimilar expressions (aswellasother words orexpressions referencing future events, conditions orcircumstances) are

intended toidentify forward -looking statements .These forward -looking statements may include statements regarding future operating and financial performance,

market growth, success ofourproducts, andcustomer trends .Forward -looking statements inthispresentation arebased onWaters’ expectations andassumptions

asofthedate ofthispresentation andareneither predictions norguarantees offuture events orperformance .Youshould notplace undue reliance onforward -looking

statements, which speak only asofthedate hereof andshould notberelied upon asrepresenting theCompany’s estimates orviews asofanydate subsequent tothe

date ofthispresentation .Each ofthese forward -looking statements involves risks anduncertainties, andactual results may differ materially from such forward -looking

statements .Wediscuss various factors thatmay cause Waters actual results todiffer from those expressed orimplied intheforward -looking statements inthis

presentation, including, butnotlimited to,those factors relating totheimpact onWaters’ operating results throughout theCompany’s various market sectors or

geographies from economic, regulatory, sovereign and political uncertainties aswell astheimpact oftheongoing COVID -19pandemic, inthesections entitled

“Forward -Looking Statements,”, “Management’s Discussion andAnalysis ofFinancial Condition andResults ofOperations”, and“Risk Factors” oftheCompany’s

Annual Report onForm 10-Kfortheyear ended December 31,2021 asfiled with theSecurities and Exchange Commission (“SEC”) onFebruary 24,2022, as

updated bytheCompany’s subsequent filings with theSEC, including theCompany’s Quarterly Reports onForm 10-Q,aswell astheCompany’s 2021 Annual

Report .Except asrequired bylaw, Waters does notassume any obligation toupdate orrevise any forward -looking statements, whether asaresult ofnew

information, future events, orotherwise.

Tosupplement theCompany’s financial statements presented onaGAAP basis, theCompany hasprovided certain non-GAAP financial measures, such asconstant

currency revenue andnon-GAAP earning perdiluted share .Management uses these non-GAAP measures toevaluate theCompany’s operating performance ina