Second Quarter 2022 Earnings May 3, 2022 Forward-Looking Statement Safe Harbor and non-GAAP Financial Information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can generally identify forward-looking statements by our use of forward-looking terminology such as "aim," "anticipate," "assume," "believe," ...

PART I – Financial Information [Financial Statements](index=3&type=section&id=Item%201%20-%20Financial%20Statements%3A) Unaudited condensed consolidated financial statements for the three and six months ended June 30, 2022, and 2021 are presented, covering income, balance sheet, cash flows, and detailed accounting notes Condensed Consolidated Income Statement Highlights (Six Months Ended June 30) | (in millions) | 2022 | 2021 | | :--- | :--- | :--- | | **Revenue** | **$2,636** | **$2,607** | | Gross profit | $987 | $1,010 | | Operating income | $257 | $293 | | **Net income** | **$194** | **$200** | | **Diluted EPS** | **$1.07** | **$1.10** | Condensed Consolidated Balance Sheet Highlights | (in millions) | June 30, 2022 | Dec 31, 2021 | | :--- | :--- | :--- | | **Total Assets** | **$8,189** | **$8,276** | | Cash and cash equivalents | $1,113 | $1,349 | | Inventories | $852 | $700 | | Goodwill | $2,714 | $2,792 | | Total Liabilities | $4,986 | $5,050 | | Total Long-term debt | $1,879 | $2,440 | | **Total Equity** | **$3,203** | **$3,226** | Condensed Consolidated Statement of Cash Flows Highlights (Six Months Ended June 30) | (in millions) | 2022 | 2021 | | :--- | :--- | :--- | | **Net Cash – Operating activities** | **$32** | **$206** | | Net Cash – Investing activities | ($84) | ($69) | | Net Cash – Financing activities | ($158) | ($162) | | **Net change in cash** | **($236)** | **($35)** | [Note 2: Revenue](index=9&type=section&id=Note%202.%20Revenue) Total revenue is primarily from customer contracts, with detailed breakdowns by business segment application and geographical region Revenue from Contracts with Customers by Application (Six Months Ended June 30) | (in millions) | 2022 | 2021 | | :--- | :--- | :--- | | **Water Infrastructure** | | | | Transport | $825 | $784 | | Treatment | $194 | $200 | | **Applied Water** | | | | Commercial Building Services | $308 | $303 | | Residential Building Services | $153 | $135 | | Industrial Water | $394 | $369 | | **Measurement & Control Solutions** | | | | Water | $544 | $571 | | Energy | $116 | $151 | | **Total** | **$2,534** | **$2,513** | Revenue from Contracts with Customers by Geography (Six Months Ended June 30, 2022) | (in millions) | Water Infrastructure | Applied Water | Measurement & Control Solutions | | :--- | :--- | :--- | :--- | | United States | $312 | $440 | $393 | | Western Europe | $376 | $195 | $128 | | Emerging Markets | $221 | $159 | $94 | | Other | $110 | $61 | $45 | [Note 3: Restructuring and Asset Impairment Charges](index=11&type=section&id=Note%203.%20Restructuring%20and%20Asset%20Impairment%20Charges) Restructuring charges were incurred to optimize cost structures through headcount reductions, with accruals decreasing to **$8 million** by June 30, 2022 Total Restructuring and Asset Impairment Charges | (in millions) | Three Months Ended June 30, 2022 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | | Restructuring charges | $6 | $6 | | Asset impairment charges | $1 | $1 | | **Total** | **$7** | **$7** | - Restructuring actions commenced in 2022 are expected to cost a total of **$6 million**, primarily for severance. Actions in the Water Infrastructure and Applied Water segments are complete, while those in Measurement & Control Solutions are expected to continue through the end of 2022[31](index=31&type=chunk) [Note 10: Credit Facilities and Debt](index=19&type=section&id=Note%2010.%20Credit%20Facilities%20and%20Debt) Total debt decreased to **$2.40 billion** as of June 30, 2022, consisting of Senior Notes and undrawn credit facilities Total Debt Outstanding | (in millions) | June 30, 2022 | Dec 31, 2021 | | :--- | :--- | :--- | | 2.250% Senior Notes due 2023 | $522 | $564 | | 3.250% Senior Notes due 2026 | $500 | $500 | | 1.950% Senior Notes due 2028 | $500 | $500 | | 2.250% Senior Notes due 2031 | $500 | $500 | | 4.375% Senior Notes due 2046 | $400 | $400 | | **Total debt** | **$2,400** | **$2,440** | - The company has an **$800 million** Five-Year Revolving Credit Facility which was undrawn as of June 30, 2022. Additionally, its U.S. Dollar (**$600M**) and Euro (**€500M**) commercial paper programs were also outstanding[65](index=65&type=chunk)[67](index=67&type=chunk)[68](index=68&type=chunk) [Note 17: Segment Information](index=30&type=section&id=Note%2017.%20Segment%20Information) The company operates through three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions, showing varied revenue growth and profitability in H1 2022 Segment Financials (Six Months Ended June 30, 2022) | (in millions) | Revenue | Operating Income (Loss) | | :--- | :--- | :--- | | Water Infrastructure | $1,122 | $182 | | Applied Water | $854 | $120 | | Measurement & Control Solutions | $660 | ($15) | | **Total Segment** | **$2,636** | **$287** | | Corporate and other | - | ($30) | | **Total** | **$2,636** | **$257** | - The Water Infrastructure segment focuses on water transport and treatment. Applied Water serves residential, commercial, and industrial water use. Measurement & Control Solutions provides advanced technology like smart metering and analytics for water and energy conservation[100](index=100&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=31&type=section&id=Item%202%20-%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q2 and H1 2022 performance, highlighting a **1%** Q2 revenue increase, supply chain impacts, and an updated full-year organic revenue growth outlook of **8-10%** - Q2 2022 revenue was **$1,364 million**, a **1.0%** increase YoY (**5.4%** on a constant currency basis), driven by organic growth in industrial, residential, and utilities end markets, partially offset by declines in commercial[114](index=114&type=chunk) - Operating margin decreased to **10.7%** in Q2 2022 from **11.8%** in Q2 2021, primarily due to cost inflation and strategic investments, partially offset by strong price realization and productivity savings[115](index=115&type=chunk) - The company updated its full-year 2022 outlook, expecting total revenue growth of **3% to 5%** and organic revenue growth of **8% to 10%**[122](index=122&type=chunk) [Results of Operations](index=38&type=section&id=Results%20of%20Operations) For H1 2022, revenue grew **1.1%** to **$2.64 billion**, while operating income fell **12.3%** to **$257 million**, with gross margin contracting due to cost inflation Revenue Change Analysis (Q2 2022 vs Q2 2021) | (in millions) | 2021 Revenue | Organic Growth | Divestitures | Foreign Currency | 2022 Revenue | | :--- | :--- | :--- | :--- | :--- | :--- | | Water Infrastructure | $569 | +$54 | $0 | -$34 | $589 | | Applied Water | $414 | +$30 | $0 | -$15 | $429 | | M&C Solutions | $368 | -$8 | -$3 | -$11 | $346 | | **Total Xylem** | **$1,351** | **+$76** | **-$3** | **-$60** | **$1,364** | - Total backlog increased **35.2%** YoY to **$3.76 billion** as of June 30, 2022, driven by a significant increase in orders, with approximately **40%** expected to be recognized as revenue in the remainder of 2022[147](index=147&type=chunk) [Liquidity and Capital Resources](index=52&type=section&id=Liquidity%20and%20Capital%20Resources) Operating cash flow significantly decreased to **$32 million** in H1 2022 due to higher working capital, but the company maintains **$1.9 billion** in liquidity Cash Flow Summary (Six Months Ended June 30) | (In millions) | 2022 | 2021 | Change | | :--- | :--- | :--- | :--- | | Operating activities | $32 | $206 | ($174) | | Investing activities | ($84) | ($69) | ($15) | | Financing activities | ($158) | ($162) | $4 | - The reduction in operating cash flow was primarily driven by higher working capital, including increased safety stock and advance payments to suppliers, as well as higher accounts receivable[191](index=191&type=chunk) - As of June 30, 2022, the company has available liquidity of approximately **$1.9 billion**, consisting of **$1.1 billion** of cash and **$800 million** of available credit facilities[197](index=197&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=53&type=section&id=Item%203%20-%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No material changes in market risk information were reported compared to the 2021 Annual Report on Form 10-K - There has been no material change in the information concerning market risk as stated in the 2021 Annual Report[204](index=204&type=chunk) [Controls and Procedures](index=53&type=section&id=Item%204%20-%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were effective as of June 30, 2022, with no material changes to internal control over financial reporting - The CEO and CFO concluded that as of the end of the period, the Company's disclosure controls and procedures were effective at the reasonable assurance level[205](index=205&type=chunk) - There were no changes in internal control over financial reporting during the quarter that have materially affected, or are reasonably likely to materially affect, the company's internal controls[206](index=206&type=chunk) PART II – Other Information [Legal Proceedings](index=54&type=section&id=Item%201%20-%20Legal%20Proceedings) The company is involved in various routine legal and regulatory proceedings incidental to its business operations - The company is involved in routine legal and regulatory proceedings related to its business, including matters of environmental, tax, intellectual property, and product liability[209](index=209&type=chunk) [Risk Factors](index=54&type=section&id=Item%201A%20-%20Risk%20Factors) No material changes were reported from the risk factors previously disclosed in the 2021 Annual Report on Form 10-K - There have been no material changes from the risk factors previously disclosed in the 2021 Annual Report[210](index=210&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=54&type=section&id=Item%202%20-%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company did not repurchase common stock in Q2 2022, with **$182 million** remaining available under the authorized share repurchase program Share Repurchases (Q2 2022) | Period | Total Shares Purchased | Average Price Paid | Shares Purchased as Part of Program | Value Remaining in Program | | :--- | :--- | :--- | :--- | :--- | | 4/1/22 - 4/30/22 | — | — | — | $182M | | 5/1/22 - 5/31/22 | — | — | — | $182M | | 6/1/22 - 6/30/22 | — | — | — | $182M | - The Board of Directors authorized a **$500 million** share repurchase program on August 24, 2015, with no expiration date. As of June 30, 2022, **$182 million** remains available under this plan[215](index=215&type=chunk) [Exhibits](index=55&type=section&id=Item%206%20-%20Exhibits) This section indexes all exhibits filed with the quarterly report, including incentive plans, a separation agreement, and CEO/CFO certifications - The report includes several exhibits, such as the Annual Incentive Plan, Special Senior Executive Severance Pay Plan, a separation agreement with Colin R. Sabol, and certifications pursuant to the Sarbanes-Oxley Act[217](index=217&type=chunk)

Third Quarter 2022 Earnings August 2, 2022 Forward-Looking Statement Safe Harbor and non-GAAP Financial Information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can generally identify forward-looking statements by our use of forward-looking terminology such as "aim," "anticipate," "assume," "believe ...

Financial Data and Key Metrics Changes - Revenues grew 4% organically, surpassing guidance, with EBITDA margin performance above previous guidance due to strong price realization [9][11] - EPS for the quarter was $0.47, again above expectations [11][18] - EBITDA margin was 14.2%, which was above the guided range, but contracted 290 basis points year-over-year due to inflation and lower volumes from chip shortages [18][28] Business Line Data and Key Metrics Changes - Utilities segment revenue decreased by 3%, impacted by chip supply constraints [17] - Industrial segment grew 10%, with strong performance across all geographies, excluding China [17] - Commercial segment revenue increased by 11%, driven by growth in the U.S. [17] - Residential segment revenue rose by 15%, also driven by the U.S. [17] - Measurement & Control Solutions (M&CS) orders grew 25% organically, but revenue declined 9% due to chip supply constraints [25][26] Market Data and Key Metrics Changes - Western Europe delivered 10% growth, while emerging markets grew high single digits, excluding China [10][16] - China, accounting for roughly 7% of total revenue, faced significant impacts from COVID, with expected revenue declines in the first half of the year [74][75] Company Strategy and Development Direction - The company is raising its guidance for the year due to strong demand and higher price realization [13][30] - A strategic shift towards unifying and simplifying segment and regional leadership was announced to enhance customer access to offerings [36][39] - The company is focused on sustainability, having reduced greenhouse gas intensity by 12% since 2019 [42][44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the structural demand across all end markets and regions, despite challenges from chip shortages and inflation [12][34] - The company anticipates continued strong demand and is optimistic about the gradual improvement in chip supply [32][34] - Management highlighted the importance of maintaining strong relationships with customers and suppliers to navigate current challenges [93][114] Other Important Information - The company has a robust financial position with $1.1 billion in cash and available liquidity of approximately $1.9 billion [28] - The headquarters is moving to Washington, D.C., to better position itself within the global water sector [62][63] Q&A Session Summary Question: Update on M&CS and chip shortage - Management confirmed no cancellations of deals and expressed confidence in the margin profile of new orders [69][71] Question: Impact of China on revenue - Revenue exposure in China is about $350 million, with expected declines in the first half but a recovery anticipated in the second half [74][75] Question: Utility sector momentum - Management sees strong demand and a healthy bidding pipeline, with no immediate concerns about derailing momentum [80][82] Question: Backlog visibility - Backlog provides good coverage for the next couple of quarters, with M&CS backlog expected to take about two years to catch up on demand [84][85] Question: Capital allocation and share repurchases - Management remains open to using equity for M&A but emphasizes a disciplined approach to valuation [90][91] Question: Price/cost dynamics - Management expects price realization to improve throughout the year, with a positive outlook for the full year [106][110]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 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: 1-35229 Xylem Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organiza ...

JP Morgan High Yield Conference February 28, 2022 Forward-looking statement safe harbor and non-GAAP financial information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can generally identify forward-looking statements by our use of forwardlooking terminology such as "aim," "anticipate," "assume," "b ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 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: 1-35229 Xylem Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) ...

Xylem Inc. (NYSE:XYL) Q4 2021 Earnings Conference Call February 3, 2022 10:00 AM ET Company Participants Matt Latino - Vice President-Investor Relations Patrick Decker - Chief Executive Officer Sandy Rowland - Chief Financial Officer Conference Call Participants Deane Dray - RBC Capital Markets Nathan Jones - Stifel Bryan Blair - Oppenheimer Ryan Connors - Boenning and Scattergood Andy Kaplowitz - Citigroup John Walsh - Credit Suisse Andrew Buscaglia - Berenberg Joe Giordano - Cowen & Company Graham Price ...

2021 Fourth Quarter Results & Earnings xylem Let's Solve Water in 25 Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Generally, the words "anticipate," "estimate," "expect," "project," "intend," "plan," "contemplate," "predict," "forecast," "likely," "believe," "target," "will," "could," "would," "should," "potential," "may" and s ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 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: 1-35229 Xylem Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or orga ...