Financial Data and Key Metrics Changes - Sales for Q2 2021 reached $467 million, an increase of 38% on a reported basis and 32% organically, driven by global economic recovery [23] - Adjusted operating profit increased by 85%, with adjusted operating margins expanding by 380 basis points to 14.9% [24] - Adjusted earnings per share doubled compared to the previous year, reflecting better operating results and favorable foreign exchange impacts [24] Business Line Data and Key Metrics Changes - The Americas experienced strong repair and replacement activity, with adjusted operating profit increasing by 54% and adjusted operating margin rising by 270 basis points to 17.7% [30] - Europe saw solid sales growth across all major regions, with adjusted operating margin increasing by 700 basis points to 17.1% [31] - APMEA's sales increased double-digits, with adjusted operating margin rising by 460 basis points to 17.9% [32] Market Data and Key Metrics Changes - The U.S. weather freeze in February provided a revenue tailwind in Q2, contributing to strong demand in the Americas [10] - European markets remained robust, particularly in France and Italy, driven by repair and replacement activity [14] - APMEA markets showed growth, particularly in China and New Zealand, with commercial valve demand in data centers driving sales [32] Company Strategy and Development Direction - The company is focused on long-term growth opportunities, particularly in smart and connected solutions and productivity-enhancing technologies [45] - Sustainability efforts are emphasized, with initiatives aimed at reducing energy, water, and waste usage, alongside a commitment to diversity, equity, and inclusion [19][22] - The company plans to continue investing in its manufacturing capabilities and smart product offerings to enhance customer value [45] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about market conditions, with expectations for continued growth in repair and replacement activities [15] - Concerns remain regarding non-residential new construction, supply chain issues, and inflationary pressures [15] - The full-year outlook has been raised due to stronger-than-expected Q2 results and positive expectations for Q3 [46] Other Important Information - Free cash flow for the year-to-date was $65 million, up 160% from the same period last year [26] - The company completed negotiations to exit its manufacturing facility in Mery, France, with expected savings to be realized by 2023 [11][25] - The company repurchased approximately 31,000 shares of common stock at an investment of $4 million [27] Q&A Session Summary Question: Comments on high demand from channel anxiety in European markets - Management noted that there is over-ordering in the channels, particularly in North America and Europe, driven by supply chain concerns [51][52] Question: Price and cost dynamics for the full year - Management indicated that net pricing was slightly positive in the first half and expects to stay ahead of inflation with upcoming price increases [55][57] Question: European margin improvements - Management attributed margin improvements to a combination of pent-up demand and structural enhancements, with a focus on fixed cost management [66][68] Question: Non-residential construction recovery - Management observed slow recovery in non-residential construction but noted positive indicators in education and healthcare sectors [71][72] Question: Market share and supply chain challenges - Management believes they are holding their own in market share despite supply chain challenges faced by competitors [117] Question: Business normalization costs - Management discussed the return of costs related to travel, marketing, and training, which were previously cut back due to the pandemic [118][119] Question: Innovation and connected strategy uptake - Management reported positive customer feedback on their smart and connected product offerings, which are gaining traction in the market [108][110]

| --- | --- | |-------|-----------------------------------------------------------| | | | | | | | | Watts Water Technologies 2Q 2021 Earnings Conference Call | | | August 5, 2021 | August 4, 2021 © 2021 Watts Water Technologies, Inc. 1 Forward Looking Statements Certain statements in this presentation constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are related to forecasts of sales, margins, earnings, earnings per share, capi ...

Watts Water Technologies, Inc. (NYSE:WTS) Q1 2021 Earnings Conference Call May 5, 2021 9:00 AM ET Company Participants Timothy MacPhee - IR Bob Pagano - CEO Shashank Patel - CFO Conference Call Participants Adam Farley - Stifel Jake Jarnigo - Baird Ryan Connors - Boenning and Scattergood Joe Giordano - Cowen and Company David Tarantino - KeyBanc Operator Good day, and thank you for standing by. Welcome to the Watts Water Technologies' First Quarter 2021 Earnings Conference Call. [Operator Instructions] I'd ...

| --- | --- | |-------|------------------------------------------------------| | | | | | | | | Watts Water Technologies 1Q Earnings Conference Call | | | May 5, 2021 | May 4, 2021 © 2021 Watts Water Technologies, Inc. 1 Forward Looking Statements Certain statements in this presentation constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are related to forecasts of sales, margins, earnings, earnings per share, capital expenditures ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-11499 WATTS WATER TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 04-2916536 (State or Other Jurisdiction of (I.R.S. Employer ...

Watts Water Technologies, Inc. (NYSE:WTS) Q4 2020 Earnings Conference Call February 11, 2021 9:00 AM ET Company Participants Timothy MacPhee - Vice President, Investor Relations & Treasurer Bob Pagano - Chief Executive Officer and President Shashank Patel - Chief Financial Officer Conference Call Participants Nathan Jones - Stifel Jeff Hammond - KeyBanc Capital Bryan Blair - Oppenheimer Brian Lee - Goldman Sachs Joe Giordano - Cowen Walter Liptak - Seaport Operator Ladies and gentlemen, thank you for standi ...

| --- | --- | |-----------------------------------------|--------------------------| | | | | | | | | Watts Water Technologies | | 4Q and FY 2020 Earnings Conference Call | | | | February 11, 2021 | © 2021 Watts Water Technologies, Inc. Forward Looking Statements Certain statements in this presentation constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are related to forecasts of sales, margins, earnings, earnings per share, capi ...

| --- | --- | |-------|----------------------------------| | | | | | Watts Water Technologies | | | 3Q 2020 Earnings Conference Call | | | November 5, 2020 | © 2020 Watts Water Technologies, Inc. Forward Looking Statements Certain statements in this presentation constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are related to forecasts of sales, margins, earnings, earnings per share, capital expenditures, water market growth, a ...

Financial Data and Key Metrics Changes - Sales for Q3 2020 were $384 million, down 3% on a reported basis and down 5% organically, primarily due to the impact of Covid-19 [16] - Adjusted operating profit and adjusted earnings per share both increased by 1% compared to last year despite lower sales [16] - Adjusted operating margin improved to 13.8%, an increase of 50 basis points year-over-year, driven by cost actions and productivity [16][17] - Year-to-date free cash flow increased by 25% to $95 million compared to the same period last year [19] Business Line Data and Key Metrics Changes - In the Americas, organic sales declined by 4%, better than the expected reduction of 6% to 10%, with strong performance in traditional plumbing and water quality products [20] - Europe saw a 6% organic sales decline, better than the anticipated 14% to 18%, driven by resilient fluid solution product sales [20] - APMEA experienced a 22% organic sales decline, with China down only by low single digits, indicating a recovery trend [21] Market Data and Key Metrics Changes - Residential repair and replacement demand remained strong, supported by record existing home sales in September [11] - The construction industry in the Americas is adjusting to new norms, with job sites that were under construction returning to completion [10] - Concerns remain regarding the commercial markets, particularly in hospitality, office, and retail sectors, which are expected to face challenges [12][14] Company Strategy and Development Direction - The company is focusing on its smart and connected strategy to drive growth and operational efficiency [9][14] - There is a commitment to continue investing in productivity-enhancing capital expenditures and smart technology solutions [25][61] - The company is prepared to adapt to market changes and capture opportunities as markets recover [26] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the market outlook for 2021, citing uncertainty due to the ongoing Covid-19 pandemic [14][26] - The company anticipates soft sales in Q4 compared to last year, with operating margins expected to improve relative to last year but below Q3 levels [15][23] - The management highlighted the importance of employee safety and customer service during the pandemic [25] Other Important Information - The company has instituted cost-saving measures resulting in total run-rate savings of approximately $20 million for the quarter and $42 million year-to-date [9][19] - The adjusted effective tax rate for the quarter was 27.3%, a decrease of 120 basis points year-over-year due to new regulations [17] Q&A Session Summary Question: Can you provide more details on the restocking event in the Americas? - Management noted that restocking occurred in July due to construction restarting, with steady sales observed through October, but uncertainty remains regarding future restocking [29][30] Question: Are there favorable trends in the water quality segment? - Positive trends were noted in the residential water quality market, with double-digit growth in the residential segment [32] Question: Can you quantify temporary cost savings versus structural changes? - Approximately $55 million in cost savings were identified for 2020, with $8 million to $9 million being permanent due to restructuring [35][36] Question: What are the October order rates and their implications for Q4? - October order rates were flat, with expectations for a softer market in November and December due to Covid-19 concerns [51] Question: How is the company adapting to changes in distribution channels? - Management indicated that while smaller wholesalers are consolidating, larger wholesalers are enhancing their online capabilities, and the company is integrating its acquisitions into both traditional and online sales channels [44][48]

Financial Data and Key Metrics Changes - Sales for Q2 2020 were $339 million, down 19% on both a reported and organic basis, primarily due to COVID-19 impacts [30] - Adjusted operating profit and adjusted earnings per share decreased by 32% compared to the previous year, with an adjusted operating margin of 11.1%, down 220 basis points [31] - Year-to-date free cash flow was $25 million, compared to $5 million for the same period last year, driven by improvements in accounts receivable [33] Business Line Data and Key Metrics Changes - The US repair and replacement market performed better than other markets, particularly in retail, which saw strong DIY demand [13] - The marine market remained slow, expected to be tempered due to COVID-19 impacts [13] - APMEA's adjusted operating margin increased by 590 basis points to 13.3%, driven by a 16% increase in affiliate volume [39] Market Data and Key Metrics Changes - Orders trended positively during Q2, with a decline in order rates improving as the quarter progressed [11] - The ABI and Dodge Momentum Index stabilized at lower levels than pre-pandemic, with June PMI indices in both the US and Europe improving as restrictions eased [14] - In APMEA, China's markets showed steady progress, while the Middle East continued to struggle [15] Company Strategy and Development Direction - The company continues to focus on employee safety and has expanded safety protocols as employees return to the office [45] - Cost management and productivity remain priorities, with total savings approximated at $21 million during Q2 [15] - The company is investing in long-term growth opportunities, particularly in smart and connected solutions and productivity-enhancing technology [46] Management's Comments on Operating Environment and Future Outlook - Management expects both sales and operating margins to improve in Q3 relative to Q2, in line with order trends observed through July [21] - Concerns remain regarding the spread of COVID-19 and its potential impact on results [21] - The company refrains from providing full-year guidance due to uncertainties surrounding COVID-19 [44] Other Important Information - The company acquired Australian Valve Group in an all-cash transaction, broadening its product offering in the Australian market [17][18] - A shift in the go-to-market strategy in Korea was implemented, moving from a direct sales organization to a distribution model [19][20] - The company recorded a special charge of $6.7 million in Q2, primarily for costs related to restructuring initiatives [15] Q&A Session Summary Question: What factors could influence the Q3 sales guidance? - Management noted that the reopening of construction markets and strong retail performance could positively impact sales, while potential COVID-19 lockdowns could have a negative effect [52][54] Question: Is there increased interest in connected solutions? - Management observed increased inquiries about remote monitoring capabilities, with a higher percentage of sales coming from connected products [56][57] Question: How did the company manage to sustain margins despite revenue declines? - Cost control measures were implemented early, with significant reductions in discretionary spending and variable costs contributing to margin resilience [63] Question: What is the outlook for sales by region in Q3? - Management provided guidance indicating expected declines of 6% to 10% in the Americas, 14% to 18% in Europe, and 10% to 14% in APMEA [69] Question: Can you provide details on the AVG acquisition? - The acquisition was made at a multiple of 7 to 9 times EBITDA, with some of the purchase price contingent on performance milestones [74][75]