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November 3, 2021 © 2021 Watts Water Technologies, Inc. 1 © 2021 Watts Water Technologies, Inc.Watts Water Technologies 3Q 2021 Earnings Conference Call November 4, 2021
November 3, 2021 © 2021 Watts Water Technologies, Inc. 1
© 2021 Watts Water Technologies, Inc.Watts Water Technologies
3Q 2021 Earnings Conference Call
November 4, 2021November 3, 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, supply chain disruptions andmanagement goals
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 June 27,2021 ,inourmost recent Annual Report onForm 10-Kandinsubsequent reports filed withtheSEC.November 3, 2021 © 2021 Watts Water Technologies, Inc. 3
Solid 3Q Performance; R&R Market Remains Resilient 3Q Performance
•Record results; maintained customer focus
•Revenue growth in all regions driven by economic recovery
•Expanded adjusted operating margin; YTD free cash flow ahead of prior year
•Purchased Sentinel Hydrosolutions LLC in 4Q; annual sales ~$6M; broadening leak
•Supply chain / logistics remain challenging; prioritizing customer order fulfillment
•North American residential / commercial R&R strong and single -family residential
new construction solid
•Europe and APMEA markets resilient
•Raising full year sales outlook
See Appendix for reconciliation of non -GAAP measures to their corresponding GAAP measures November 3, 2021 © 2021 Watts Water Technologies, Inc. 4
3Q 2021 Financial Summary
Recovery Continues to Drive Demand* See Appendix for reconciliation of non -GAAP measures to their corresponding GAAP measures Sales ($M) Adj. Operating Margin %* Adj. EPS* YTD FCF* ($M)
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