Watts Water Technologies Investor Presentation — August 2021

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August 4, 2021 © 2021 Watts Water Technologies, Inc. 1

© 2021 Watts Water Technologies, Inc.Watts Water Technologies

2Q 2021 Earnings Conference Call

August 5, 2021August 4, 2021 © 2021 Watts Water Technologies, Inc. 2

Forward Looking Statements

Certain statements inthispresentation constitute forward -looking statements within themeaning ofthePrivate Securities

Litigation Reform Actof1995.

These statements arerelated toforecasts ofsales, margins, earnings, earnings pershare, capital expenditures, water

market growth, acquisition strategy, theimpact oftheCOVID- 19pandemic, andmanagement goals andobjectives .

Watts cautions investors thatanysuch forward -looking statements made byWatts arenotguarantees offuture performance.

Allforward- looking statements aresubject toknown and unknown risks, uncertainties, and contingencies, many that are

beyond thecontrol ofWatts, which may cause actual results, performance orachievements todiffer materially from

anticipated future results, performance orachievements expressed orimplied bytheforward- looking statements .

Factors thatmight affect forward -looking statements include overall economic andbusiness conditions, competitive factors,

changes inlaws affecting Watts, future acquisitions ofmaterial assets orbusinesses byWatts, thedemand forWatts’

products andservices andother factors identified in“Item 1A.Risk Factors” inourQuarterly Report onForm 10-Qforthe

quarter ended March 28,2021, inourmost recent Annual Report onForm 10-Kandinsubsequent reports filed withtheSEC.August 4, 2021 © 2021 Watts Water Technologies, Inc. 3

2Q Performance Better than Anticipated; Increasing Full Year Outlook2Q Performance

•Record results; better than expected

•Revenue driven by economic recovery; U.S. freeze tailwind

•Expanded adjusted operating margin; solid free cash flow

•Finalized negotiations for French plant exit

•North American residential / commercial R&R and single-family residential new

construction remain buoyant

•Europe and APMEA markets strong

•3Q -expect incremental sales / margin improvement vs 3Q 2020

•Full year adjusted outlook increased due to market strength

See Appendix for reconciliation of non-GAAP measures to their corresponding GAAP measures August 4, 2021 © 2021 Watts Water Technologies, Inc. 4

Smart & Connected Solutions

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