Watts Water Technologies Investor Presentation — November 2022 - Watts Water Technologies

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3Q 2022 Earnings Conference Call

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, effective taxrate, capital

expenditures, cash flow, water market growth, acquisition strategy, theimpact oftheCOVID -19pandemic, theimpact of

theUkraine War, supply chain disruptions, inflation andmanagement goals andobjectives .

Watts cautions investors that any such forward -looking statements made byWatts are notguarantees offuture

performance .Allforward -looking statements aresubject toknown andunknown risks, uncertainties, andcontingencies,

many ofwhich arebeyond thecontrol ofWatts, which may cause actual results, performance orachievements todiffer

materially from anticipated future results, performance orachievements expressed orimplied bytheforward -looking

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.RiskFactors” inourmost recent Annual Report onForm 10-

Record 3Q; Increasing Full Year Outlook3Q Performance

•Strong 3Q results exceeded our

•Solid top -line growth in Americas

•Adjusted operating margin

expansion of 240 bps; strong price

and productivity offsetting inflation

•Free cash flow softer than expected

due to increase in working capitalOperations

•Persistent higher inflation despite

easing in some base raw materials

•Continuing investment in

•Supply chain disruptions easing;

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