Watts Water Technologies Investor Presentation — February 2021 - Watts Water Technologies

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4Q and FY 2020 Earnings Conference Call

February 11, 20212Forward Looking Statements

ofthePrivate Securities Litigation Reform Actof1995 .

These statements arerelated toforecasts ofsales, margins, earnings, earnings pershare,

capital expenditures, water market growth, acquisition strategy, theimpact oftheCOVID -19

pandemic, andmanagement goals andobjectives .

Watts cautions investors that any such forward -looking statements made byWatts arenot

guarantees offuture performance .Allforward -looking statements aresubject toknown and

unknown risks, uncertainties, and contingencies, many that arebeyond thecontrol ofWatts,

which may cause actual results, performance orachievements todiffer materially from

anticipated future results, performance orachievements expressed orimplied bytheforward -

looking statements .

Factors that might affect forward -looking statements include overall economic and business

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-Qforthequarter ended

September 27,2020 ,inourmost recent Annual Report onForm 10-Kandinsubsequent reports

February 11, 202132020 FY Overview & 2021 Expectations

Successful 2020 Given Circumstances; COVID -19 Drives Near -term Market Uncertainty

‒Continued focus on customer engagement and delivery

‒Experienced ;able to adapt –proactive response to evolving market conditions

‒Continued progress in ESG / DEI initiatives

‒Construction markets / customers

‒Comprehensive company response; safety still paramount

2020 FY Financial Commentary

‒Maintained operating margin; t op-linechallenges mitigated by cost actions

‒Increased FCF and strengthened balance sheet

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