Financial Data and Key Metrics Changes - The company reported organic revenues up 16% in Q4 2022, with adjusted EPS increasing by 34% compared to the prior year [14][15] - Free cash flow conversion was strong at 91% of adjusted net earnings for the year, falling short of the 100% target due to timing shifts in receivables and inventory investments [8][23] - Bookings for 2022 reached $17.5 billion, exceeding revenues by $1.5 billion, resulting in a book-to-bill ratio of 109% [7][8] Business Line Data and Key Metrics Changes - Commercial HVAC organic revenues increased by over 20% in Q4, with organic bookings up 11% [7][11] - Americas commercial HVAC bookings grew more than 40% on a two-year stack, with a book-to-bill ratio over 110% [6][11] - The residential segment saw bookings decline mid-20s in Q4, expected against a high prior year comp, while revenues were up low single digits [11][12] Market Data and Key Metrics Changes - EMEA commercial HVAC revenue growth exceeded 40% in Q4, with bookings up low teens [13] - Asia Pacific commercial HVAC revenues were up more than 20%, with bookings down as expected due to tough prior year comps [14][20] - The backlog in the Americas remains unprecedented at three times historical levels, providing strong visibility into future revenues [11][12] Company Strategy and Development Direction - The company is focused on a purpose-driven strategy aligned with megatrends like climate change, aiming to lead in decarbonization efforts [4][5] - Continuous investment in innovation is emphasized as a key differentiator, with a commitment to reinvest in the business year after year [9][10] - The company anticipates strong revenue growth and EPS growth in 2023, with a guidance midpoint of 7% revenue growth [8][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in robust customer demand and strong backlog entering 2023, with expectations for continued strong performance despite macro challenges [6][17] - The residential market is expected to normalize, with a forecast of mid-single digit declines, but long-term growth is still anticipated [17][19] - Supply chain improvements are expected to continue, with no capacity concerns noted for meeting demand [38][39] Other Important Information - The company plans to deploy $2.5 billion in capital in 2023, with a balanced approach to capital allocation including share repurchases and M&A [26][25] - The company is targeting 60 to 70 basis points of incremental spend in key investment areas, above the average incremental spend [22][24] Q&A Session Summary Question: Thoughts on organic sales trend cadence - Management expects Q1 to be stronger than historical averages, projecting it to account for 15% to 16% of full year earnings [29][30] Question: Residential and transport market assumptions - Residential is expected to be down mid-single digits for the full year, while transport weakness may be more pronounced in the second half [31][32] Question: Evidence of weakness in commercial HVAC pipeline - Management sees strength in commercial HVAC globally, with strong bookings and backlog [33][34] Question: Price embedded in sales guidance - Modest price carryover is expected in 2023, with no multiple price increases planned [34] Question: Stimulus items impact on growth - Demand in the education vertical is strong, with expectations for continued growth from stimulus initiatives [36] Question: Capacity to meet heat pump demand - Supply chain is gradually improving, and management does not foresee capacity issues [38] Question: Transport bookings outlook - Transport bookings are expected to pick up in the second half of 2023, with strong order rates and backlog [40][41] Question: Backlog expectations for 2023 - Management anticipates ending 2023 with a backlog of $6 billion or greater, providing significant revenue visibility [44] Question: Growth drivers in EMEA - Strong revenue growth in EMEA is attributed to overcoming supply chain issues and high demand for thermal management systems [45]

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|----------------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fourth-Quarter | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | and Full Year | | | | | | | | | | | | | | | | | | 2022 | | Results | | | | | | | February 2, 2023 TECHNOLOGIES F ...

Trane Technologies plc. (NYSE:TT) Q3 2022 Earnings Conference Call November 1, 2022 10:00 AM ET Company Participants Zachary Nagle - VP, IR David Regnery - Chairman & CEO Christopher Kuehn - EVP & CFO Conference Call Participants Andy Kaplowitz - Citigroup John Walsh - Credit Suisse Scott Davis - Melius Research Julian Mitchell - Barclays Joe Ritchie - Goldman Sachs Gautam Khanna - Cowen Steve Tusa - JPMorgan Nigel Coe - Wolfe Research Jeff Sprague - Vertical Research Deane Dray - RBC Capital Joe O'Dea - We ...

Third-Quarter 2022 Results November 2, 2022 TECHNOLOGIES Forward-Looking Statements This presentation includes "forward-looking statements" which are statements that are not historical facts, including statements that relate to our future financial performance and targets, including revenue, EPS and operating income; our business operations; demand for our products and services including bookings and backlogs; capital deployment, including the amount and timing of our dividends and our share repurchase prog ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34400 TRANE TECHNOLOGIES PLC (Exact name of registr ...

Second-Quarter 2022 Results August 3, 2022 TECHNOLOGIES Safe Harbor 2 This presentation includes "forward-looking statements" which are statements that are not historical facts, including statements that relate to our future performance; statements relating to the continued impact of the COVID-19 global pandemic; capital deployment including the amount and timing of our dividends; our share repurchase program including the amount of shares to be repurchased and the timing of such repurchases; our capital al ...

Trane Technologies PLC (NYSE:TT) Q2 2022 Earnings Conference Call August 3, 2022 10:00 AM ET Company Participants Zachary Nagle - VP, IR David Regnery - Chairman & CEO Christopher Kuehn - EVP & CFO Conference Call Participants Andrew Kaplowitz - Citigroup John Walsh - Crédit Suisse Julian Mitchell - Barclays Bank Gautam Khanna - Cowen and Company Charles Tusa - JPMorgan Chase & Co. Deane Dray - RBC Capital Markets Scott Davis - Melius Research Nigel Coe - Wolfe Research Sabrina Abrams - Bank of America Merr ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34400 TRANE TECHNOLOGIES PLC (Exact name of registrant a ...

TECHNOLOGIE® May 2022 Investor Presentation Safe Harbor This presentation includes "forward-looking statements" which are statements that are not historical facts, including statements that relate to our future performance, statements relating to the continued impact of the COVID-19 global pandemic, capital deployment including the amount and timing of our dividends, our share repurchase program including the amount of shares to be repurchased and the timing of such repurchases and our capital allocation st ...

First-Quarter 2022 Results May 4, 2022 TECHNOLOGIES Safe Harbor 2 This presentation includes "forward-looking statements" which are statements that are not historical facts, including statements that relate to our future performance, statements relating to the continued impact of the COVID-19 global pandemic, capital deployment including the amount and timing of our dividends, our share repurchase program including the amount of shares to be repurchased and the timing of such repurchases and our capital all ...