GF CMD 2025 Presentation

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© GF v3.3 Agenda Capital Markets Day 2025 3 2 3 4 1 Welcome / Strategy 2030 and Q&A Andreas Müller (CEO), Mads Joergensen (CFO) Showcases – Buildings, Industry, Infrastructure Michael Rauterkus, Thomas Hary, Sebastian Bondestam Lunch Includes two expert sessions Q&A and closing All presenters Plant tour (optional)5 *Shuttle transfer to Schaffhausen station at 15:00 and 16:00 10:00 – 11:00 11:00 – 12:45 12:45 – 14:10 14:10 – 14:45 15:00 – 16:00 Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 Strategy 2025 – successful transformation in a turbulent environment … GF today 5 Drive profitable growth through intelligent and sustainable solutions Evolve culture towards more performance and learning Increase robustness through resilient portfolio and operational excellence 1 2 3 ▪ Accelerated innovation ▪ Increased robustness through ‒ Operational improvements ‒ Strong focus on resilient / sustainable end markets ‒ Portfolio shift to pure-play Flow Solutions ‒ Reduced China exposure ▪ Engaged global workforce Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 … fundamentally addressing the corporate portfolio … GF today 6 Acquisition of Uponor (FI) Acquisition of FGS (BR) Acquisition of Corys (UAE) Acquisition of Traisen (AT) Acquisition of VAG (DE) Divestment of GF Machining Solutions Divestment of GF Casting Solutions Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 … creating a pure-play Flow Solutions group with three business areas and one global brand … 7 GF today Buildings Industry Infrastructure Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 … addressing customer needs with a premium offering … 8 Superior product performance Easy installation and low maintenance Easy to work with Leakage free solutions Value solutions & services GF today Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 … and a strong global footprint with local presence 9 GF today Sales (%) Buildings Industry Infrastructure 48% 27% 25% 46% 15% 39% 1% 81% 17% Americas EMEA APAC 32% 19%49% China exposure: ~14% (down from 18%) Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 USD 1 trillion investment planned for new microelectronic fabrication plants through to 2030 Over 50% of the workforce will require upskilling by 2030 1’000 billion liters of water consumed by data centers annually by 2030 68% of the world population to live in urban areas by 2050 Global trends offer significant opportunities … 12 Strategy 2030 Regionalization and technology leaps Digitalization and AI Skilled labor shortage and automation 5x more extreme weather events in the last 50 years 40% of the EU’s energy is consumed by buildings Sources: International Water Association, United Nations Department of Economic and Social Affairs, McKinsey; Energy Performance of Buildings Directive, Deloitte.com Schaffhausen, 4 November 2025 | Capital Markets Day 2025 Water scarcity and climate change Rapid urbanization Energy efficiency in buildings

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© GF v3.3 … with positive underlying market drivers 13 Strategy 2030 Buildings InfrastructureIndustry US housing deficit stands at 4.7 million homes while in Europe the housing deficit is estimated to be 9.6 million homes, an increase of 3.5% of the current stock in Europe European Blue deal to address water- related challenges in Europe with estimated €255 billion needed by 2030 to meet existing EU water legislation Sources: [Zillow, CBRE 2025, McKinsey, European Economic and Social Committee] Global Data Center workloads (in GW) 55 66 82 103 128 153 180 219 16% 16% 17% 17% 20% 24% 31% 41% 2023 2024 2025 2026 2027 2028 2029 2030 USD 1’700 billion CAPEX 2025-2030 Traditional computing demand, CAGR 16% Gen AI demand, CAGR 39% +22% CAGR total demand Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 Strategy 2030 targets to drive profitable growth … Strategy 2030 Schaffhausen, 4 November 2025 | Capital Markets Day 202514 Maximize the core business Foster a “One GF” performance culture Lead with innovative solutions Grow with new opportunities Sales EBITDA margin CHF billion 4.2 –4.5 1 incl. 0.5 – 0.6 bn acquisitions x 16 –18% EBIT margin: 13 – 15% FCF / EBITDA conversion Return on invested capital x 21 –26% x > 50% 1 Previously CHF 4.5-5.0 billion based on FX rates at year end 2024

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© GF v3.3 … broken down by business areas … 15 Strategy 2030 IndustryBuildings Infrastructure CHF 1.35 – 1.45 billion Sales (excl. acquisitions) CHF 1.35 – 1.45 billion Sales (excl. acquisitions) CHF 1.0 – 1.1 billion Sales (incl. VAG) 20 – 22% EBITDA margin 17 – 19% EBITDA margin 13 – 15% EBITDA margin 21 – 26% Return on invested capital 21 – 26% Return on invested capital 21 – 26% Return on invested capital Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 … strongly intertwined with our sustainability framework 16 Strategy 2030 Products Sustainable innovations and solutions for our customers Planet Cutting emissions and conserving water in high- stressed areas People Empowering people in a safe, healthy and inclusive workplace 63% reduction in absolute scope 1 and 2 CO₂e emissions by 2035 80% of sales with social or environmental benefits 30% reduction in LTIFR, embedding a zero-harm culture in daily operations Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 Four key thrusts to achieve Strategy 2030 … 17 Strategy 2030 with superior solutions, end-to- end services and execution excellence in high-potential regions, segments and applications unlocking above-average growth in core and new business opportunities by promoting a growth mindset and entrepreneurial teamwork building on streamlined structures Maximize the core business Foster a “One GF” performance culture Lead with innovative solutions Grow with new opportunities Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 … with defined priorities for all three business areas 18 Strategy 2030 Create more pull and installer relationships, grow project channels Buildings from “Push” to “Push and Pull” Industry more “Focus and Customer Excellence” Infrastructure from “Components” to “Solutions” Expand in Retail US (Home Depot) Leverage portfolio across channels Expand strong position in advanced solutions Expand in direct-to-chip cooling Expand advanced portfolio solutions e.g. Ultra Pure Water Grow gas business in Americas, expand coupler & repair solutions Grow infrastructure projects, and metal valve portfolio (VAG) Step up jointing technology Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.1 Buildings – New PEX customers and end markets via Home Depot retail channel 19 Strategy 2030 Leader in PEX We are used by the top US home builders in the new build segment New Customers We will target small plumbing companies who use retail stores Repair and remodel business Over 70% of repair and remodel plumbers purchase through retail channels We are expanding our PEX leadership in North America through Home Depot Home Depot customer shelving and packaging Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.1 Industry – Moving liquid cooling to the next level of purity 20 Strategy 2030 Customer centric innovation Innovations are focused on real customer challenges with clear product market fit Rapid development We have sped up traditional innovation cycles by 30% by working closely with customers Setting new standards We aim to set new product standards in developing fields e.g. data center cooling We are focusing on “customer excellence” by partnering with customers to solve challenges Schaffhausen, 4 November 2025 | Capital Markets Day 2025 LiquidCore Direct-to-chip cooling Quick Connect Valve Balancing Valve Manifold

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© GF v3.1 GF MultiJoint and VAG flanged double offset butterfly valve in Tuscany (IT) Infrastructure – Providing solutions combining metal and plastic infrastructure components 21 Strategy 2030 Complementary portfolio Our Multi-joint metal couplers and electrofusion fittings enable seamless valve integration Market expansion Metal valves boost GF’s access to large-dimension infrastructure segments Solution leadership Full solutions for key customers e.g. EPC’s and municipalities to solve water transmission needs With VAG we move from a “component to a solutions” provider Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.1 Our “One GF” culture will drive performance 22 Strategy 2030 Maximize the core business Foster a “One GF” performance culture Lead with innovative solutions Grow with new opportunities Performance is about speed and excellence Learning is about having an open mind Caring is about being part of a team Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 Eco-System Responsiveness AI will be a key enabler for all thrusts Strategy 2030 23 ~ 40 AI use cases being implemented Our systematic approach Governance Productivity Enablement Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 Sales (CHF million) Sales bridge by business area and strategic thrust 25 Strategy 2030 2025FC Buildings Industry Infrastructure 2030 Strategy Acquisitions incl. VAG 2030 incl. Acquisitions 250-300 300-350 125-150 3’700-3’900 500-600 4’200- 4’500 CAGR 4-6% CAGR 6-8% 2025FC Max the Core New opportunities Innovations 2030 Strategy Acquisitions incl. VAG 2030 incl. Acquisitions 250-300 250-300 175-200 3’700-3’900 500-600 4’200-4’500 CAGR 4-6% CAGR 6-8% by business area by strategic thrust VAG VAG Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 Profitability bridge by business area and strategic thrust 26 Strategy 2030 EBITDA comparable (CHF million) 2025F Buildings Industry Infra- structure 2030 Strategy 90-110 80-100 50-60 650-700 2025F Max the Core New Opportunities Innovations 2030 Strategy 120-140 70-90 30-40 650-700 16–18% 16-18%EBITDA margin (%) by business area by strategic thrust VAG VAG Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 Including promising synergies from recent acquisitions Strategy 2030 27 Butterfly Valve S - Press PLUS Schaffhausen, 4 November 2025 | Capital Markets Day 2025 1st customer with synergies Leverage market access & portfolio in US Complement infrastructure portfolio … … for a complete offering

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© GF v3.3 Strategy execution anchored in bottom-up project charters and KPI framework 28 Strategy 2030 Clear description of goals, milestones, financial targets Periodic progress reporting & challenging Clear roles & responsibilities Incentivized KPI framework Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 We apply a growth-centered capital allocation framework 29 Strategy 2030 100 – 160 CHF million per annum Invest Closely controlled capex ▪ Investments in operational efficiency ▪ Growth capex to drive organic growth approx. 2.0x net debt / EBITDA ratio ProtectReturn Evolve Capital deployment capacity from 2025 to 2030 of CHF 1.8 to 2.0 billion in aggregate 540 – 580 CHF million 2026-2030 Dividends ▪ Progressive dividend policy ▪ 30-40% of adjusted net income Balance sheet ▪ Continue to deleverage ▪ Remain investment grade ▪ Strengthen equity ratio Strategic acquisitions ▪ Accretive M&A to strengthen market positions or enter new markets / segments + Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 The global market leader in Flow Solutions ▪ Portfolio transformation near completion ▪ Strategy 2030 focused on four strategic thrusts Strategy 2030 – key takeaways Strategy 2030 31 Shaping the future of Flow Solutions by addressing mega- trends ▪ Innovation-driven and sustainable offering ▪ New opportunities driven by digitalization and AI Significant shareholder value creation ▪ Profitable growth and resilience ▪ Growth-focused capital allocation, with attractive cash returns Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.1 Group lead: Lena Koehnen Group lead: Verna Pfeiffer We continue with the showcase presentations, please go to your designated group Schaffhausen, 4 November 2025 | Capital Markets Day 202533 A Group lead: Philipp Dillinger Agenda: 11.00 – 11.35 11.35 – 12.10 12.10 – 12.45 12.45 – 13.30 Building Showcase Industry Showcase Infrastructure Showcase Lunch (1st floor) B Agenda: 11.00 – 11.35 11.35 – 12.10 12.10 – 12.45 12.45 – 13.30 Industry Showcase Infrastructure Showcase Building Showcase Lunch (1st floor) C Agenda: 11.00 – 11.35 11.35 – 12.10 12.10 – 12.45 12.45 – 13.30 Infrastructure Showcase Building Showcase Industry Showcase Lunch (1st floor)

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© GF v3.3 Agenda 3 Capital Markets Day 2025 Michael Rauterkus President GF Building Flow Solutions Torsten Meier Chief Innovation Officer GF Building Flow Solutions Building Flow Solutions Strategy 2030 Integrated heating and cooling solutions for superior comfort 1 2 Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 Integration successfully executed in volatile market conditions … Strategy 2030 5 Complexity in portfolio reduced Footprint and organization streamlined Systematic focus on customer and channel synergies Closure of plant in Italy Closure of plant in Turkey Plant consolidation in Poland Schaffhausen, 4 November 2025 | Capital Markets Day SKUs -60%

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© GF v3.3 … now shifting gears to accelerate growth Strategy 2030 6 Attractive product synergies launched Combined portfolio launched at ISH 2025 Award-winning innovation pipeline contributing to growth Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 Industry trends continue to drive demand for easy-to-install solutions for efficient heating and cooling 7 Strategy 2030 Construction productivity Prefabrication required for job site efficiency Energy efficiency Energy Performance of Buildings Directive (EU) will push to renovate Sustainable solutions Digitalization & AI AI will drive the demand for smarter services and products Labor safety & shortage CO2 reducing solutions remain as a priority “Easy to install” solutions to address a loss of skilled labor 80% of energy used in EU homes is for heating, cooling and hot water Source: EU, GF BFS analysis Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 Strategy 2030 focuses on expanding channels and strengthening the push-pull business model Strategy 2030 8 Grow with new opportunities Maximize the core business Foster a “One GF” performance culture Lead with innovative solutions ▪ Strategic pricing ▪ Installer pull focus ▪ Expansion in retail ▪ Global project organization ▪ Solutions for installation and energy efficiency ▪ AI-powered operational excellence Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 Moving from push to pull with clear focus on training the installer base 9 Strategy 2030 Installer training ▪ Launch of digital training platform ▪ Invest in new training centers Events & roadshows ▪ Bring trainings to wholesale locations, local fairs and events ▪ Organize and leverage major events ‒ GF Americas Flow Symposium 2026 ‒ ISH 2027 Brand awareness ▪ Activate A&P and sponsorship media to increase installer reach Loyalty & incentives ▪ Tool campaigns ▪ Enhanced loyalty programs and digital services Aging workforce and energy transition will drive significant shortage of skilled installers by 2030 Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 Growing demand for energy-efficiency upgrades and enhanced comfort drive renovation markets 11 Building Showcase EU policy push continue to drive adoption of heat pumps Heat pumps are dominant in Germany which drives new cooling market opportunities as well Installed stock of heat pumps in Europe (in million units) 16 18 21 23 26 60 2020 2021 2022 2023 2024 2030 +13% EU 2030 target 76% 2023 Heat pump used as a primary heating in the new residential buildings approved Heat pumps usage in the new planned buildings in Germany (as % of total market) Source: Euroconstruct, EHPA, IEA, GF BFS analysis Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 Connection from the heat pump to building with the best thermal performance on the market 14 Building Showcase Ecoflex VIP 2.0 ▪ Best-in-class insulation ▪ Less outer pipe diameter and heat loss ▪ Superior flexibility and time savings Pre-assembled packages to easily connect heat pump – pipe pre-cut as per customers' needs Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 Revolution in renovation: low profile, easy-to-install, direct-flooring solutions for radiant heating and cooling 16 Building Showcase The same system can be easily also used for underfloor cooling Siccus 16 ▪ Direct flooring compatibility ▪ Ultra-low 20 mm height ▪ Up to 40% faster installation ▪ One person installation Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 Revolution in renovation: low profile, easy-to-install, direct-flooring solutions for radiant heating and cooling 18 Building Showcase The same system can be easily also used for underfloor cooling Siccus 16 ▪ Direct flooring compatibility ▪ Ultra-low 20 mm height ▪ Up to 40% faster installation ▪ One person installation Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 Energy reduction and comfort through AI technology , seamlessly connected to the heat pump 20 Building Showcase Smatrix AI wireless control system continuously adjusts the heat pump output for maximum comfort and efficiency Uponor brand is the first in the market using AI technology for underfloor heating Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 Agenda 3 Capital Markets Day 2025 Thomas Hary President GF I&I Flow Solutions Charles Freda Head Data Center GF I&I Flow Solutions Industry Flow Solutions Strategy 2030 Mission-critical Data Center Cooling Solutions 1 2 Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 5 Customers Key segments Semiconductors Data Center Chemical Process Water Industry Marine Food and Beverage Energy Life Sciences PVDF pipes Pre-insulated pipes PP pipes PVC pipes Valves Actuators Measurement & control Strategy 2030 #1 brand in engineered piping systems for industrial applications Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 We successfully developed the core capabilities to deliver complex large-scale projects ... Strategy 2030 6 Strengthened proximity & market share in MicroE, Marine, Data Center Build a global state of the art prefabrication network Established strong key account relationships Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 ... and we will capitalize on our strong foundation and create superior value Strategy 2030 7 Driving growth by targeting high- potential industrial segments Partner of choice by being easy to work with & deliver peace of mind Innovating high-performance systems with easy-install jointing Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 Strategy 2030 focuses on strengthening GF’s industrial project business Strategy 2030 8 Grow with new opportunities Maximize the core business Foster a “One GF” performance culture Lead with innovative solutions ▪ Advance in Service Leadership ▪ Full potential on high growing industrial segments Microelectronics, HVDC, Marine ▪ Expand Data Centers with Direct to Chip Cooling ▪ Grow Marine in China ▪ Development of new mission critical segments ▪ Develop advanced portfolio and jointing solutions ▪ Develop new solution for Liquid Process Cooling ▪ Expand our Automation Flow Control solutions ▪ Empowering customer-facing teams with global alignment ▪ Driving cross-divisional channel synergies Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 Source: McKinsey AI is driving data center demands and market development 10 Showcase Industry Global Data Center workloads (in GW) CAGR total demand 16% 2023 16% 2024 17% 2025 17% 2026 20% 2027 24% 2028 31% 2029 41% 2030 55 66 82 103 128 153 180 219 +22% Traditional computing demand, CAGR 16% Gen AI demand, CAGR 39% Computing demand [GW] USD 1’700 billion CAPEX 2025 – 2030 Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 Speed Energy Efficiency Reliability Significant investments and operational costs define the needs of the industry 11 Showcase Industry $720 M CAPEX new build (excl. IT)* $30 M average energy costs per year 99.995 % uptime (26 min downtime per year accepted) *Excluding IT, land acquisition, and power (generation & transmission), Estimates given for typical large data center of today (60 MW). Source: McKinsey, Meta, Uptime Institute Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 From Overuse to Reuse: Rising water consumption has turned into bold preservation targets 12 Showcase Industry ~ From 4 million liters of water per day being used for cooling1 by a hyperscale data center every day Towards water positive Zero-water targeted by 2027 and water positive by 2030.2 Source: 1: City of Dalles, 2: Microsoft Google Oregon annual water consumption in million liters 2017 2021 470 570 883 1’060 1’300 3× 2018 2019 2020 Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 30+ years in Microelectronics Trusted in the frontline of the world’s most valuable chips. GF is well positioned with proven expertise as a trusted global partner delivering flow 13 Showcase Industry Recognized by Intel & TSMC with multiple Supply Excellence Awards, latest 2025. 20+ years in Data Centers Trusted across 150+ global projects by all the top-tier players Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 With our solutions we cover a wide range of applications in Data Centers 14 Showcase Industry Infrastructure Technology Cooling Facility Cooling Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 We have a broad application coverage in the facility cooling with an impressive track record Showcase Industry 15 Facility water system Delivering customer value in over 150 projects Customer references: GF customer database,1: Baden Baden Cloud Data Center, Germany, 2: Hyperscaler data center, Ireland Exemplary machine room application Global engineering and pre-fabrication support From 6 months to 6 weeks via prefabrication2 30% better insulation performance1 100% Corrosion-free Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 The industry has now reached an inflection point which forces a technology shift towards liquid cooling Showcase Industry 16 Source: Harmonized from various market estimates including NVIDIA, Omdia and Dell´Oro Group Shift from air cooling to liquid cooling above 100 kw Immersion coolingDirect-to-chip Air Cooling USD 13+ billion by 2030 44% Market share 5 10 15 20 25 30 0 12% 2023 13% 2024 21% 2025 25% 2026 30% 2027 2028 38% 2029 45% 2030 9 11 14 17 19 21 25 30 33% +20% Liquid cooling market share Air Cooling Liquid Cooling Cooling market value, USD billion CAGR cooling Data Center cooling market outlook (in USD billion) Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 High purity for microscale features ▪ Prevent blocking the µ channels (< 5 µm) ▪ Zero coolant degradation due to impurities Matching the market development towards pure water as ultimate coolant Showcase Industry 18 Image from Dan DeLong for Microsoft Maximum performance1 ▪ > 5% better thermal carrier ▪ > 50% lower viscosity to pump ▪ 25% less hydraulic power needed 1: Compared to PG25. Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 We are setting new standards for the industry with our complete polymer solution 19 Showcase Industry 2 3 4 1 60% lighter Superior performance 100% Corrosion free 100% Purity 4x faster installation 80% lower CO2 footprint 1 Distribution System Quick Connect Valve 7002 4 Measurement & Control In-Rack Manifold3 Engineering Services Pre-fabrication Infrared Welding Value driven services Complete portfolio Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 We developed the world's first dual interlock valve made from polymers ... 20 Showcase Industry 55% less weight with same strength, performance and reliability 25% better flow Full-bore valve design for optimal flow with reduced pressure drop and no corrosion Easy handling Safe, easy, and ergonomic to handle and color coding for supply/return lines Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 ... and we do not stop inventing Showcase Industry 21 Balancing the flow optimizes system efficiency under diverse cooling demands Compact Half the size of the competition Fast and Precise market leading control accuracy Smart Fully digital, real-time diagnostics 2026 Source: Harmonized from various sources, including Uptime institute and ICCSINO. Precision engineered for optimal flow control Energy saving Computing load during a day (kW) Coolant flow Non balanced Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 Customer acceptance is proof that we are on the right track 22 Showcase Industry Download Flyer Sustainable cooling in tropical climates Download Flyer Driving AI data center efficiency Schaffhausen, 4 November 2025 | Capital Markets Day 2025

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© GF v3.3 Agenda 2 Capital Markets Day 2025 Sebastian Bondestam Head of Business Unit Infrastructure Dr. Jan Nopper CEO VAG Group Infrastructure Flow Solutions Strategy 2030 Solving water imbalance with complete system Solutions 1 2 Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 We drove growth and strengthened our position through strategic expansion ... Strategy 2030 4 Successful global footprint expansion Effective integration of Uponor Infra Business Profitable growth in specialized markets (Repair couplers, Gas US) Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 … and we focus on transforming from components to complete solutions Strategy 2030 5 Integration of VAG to become solutions provider Expanding in industrial infrastructure segment Strengthening end customer and contractor engagement Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 Strategy 2030 focuses on delivering integrated system solutions with enhanced customer management Strategy 2030 6 Grow with new opportunities Maximize the core business Foster a “One GF” performance culture Lead with innovative solutions ▪ US: Grow the gas meter business and VAG synergies ▪ Europe: Expand couplers and repair business ▪ Asia: Focus on new energy and VAG ▪ Move towards industrial infrastructure solutions ▪ Drive strategic growth with metal valve portfolio ▪ Expand regionally in stormwater and potable water offerings ▪ Strong focus on repair and jointing solutions ▪ Digitally enabled products ▪ Empowering customer-facing teams with global alignment ▪ Driving cross-divisional channel synergies Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 Excess water strains our critical infrastructure ... 8 Showcase Infrastructure Sources: 1: In Germany according to Umweltbundesamt, 2: In U.S according to EPA. ~100% higher frequency of heavy rainfall events than 20 years ago ~850 billion gallons of untreated sewage and stormwater are discharged by combined sewer overflows Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 ... but we also see too little water in the world 9 Showcase Infrastructure Source: 1: In 2025 according United Nations Statistics 2: European Commission – Water Resilience Strategy, 3: Water Europe Socio-Economic Study 2024 > 25% lost in leakages in EU ~ 4 billion people live in water- stressed countries today EUR 300 billion to meet EU legislation and water efficiency improvement Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 With the recent strategic acquisitions we are ready to tackle such water stress with complete solutions 10 Showcase Infrastructure Resilient Urban Water Supply Management of Stormwater Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 Water network renewal necessitate adaptation to mixed material system 11 Showcase Infrastructure Mixed-material systems are standard in infrastructure Standards & codes Conservatism Legacy Systems With the new VAG offering, GF unlocks the potential for complete solutions 4 3 1 2 1 Flange connection 2 Gate valve 3 Restraint coupler 4 HDPE pipe Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 VAG leverages over 150 years of experience in water technology ... Showcase Infrastructure 12 Industry Wastewater Water Distribution Dam & Hydro 71% 16% 8% 5% Schaffhausen, 4 November 2025 | Capital Markets Day Comprehensive metal valve portfolio Solution-oriented engineering for customers

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© GF v3.3 ... and we can generate synergies, shown by early customer success within the first month Showcase Infrastructure 13 First customer success already achieved: GF Switzerland, Brazil and Finland delivering first projects with VAG valves. Access to new infrastructure segments ▪ Large-dimension water transmission ▪ Dam & Water business Span our offering to industrial infra ▪ Desalination, Aquaculture ▪ Power & Chemical plants cooling First VAG DN400 gate valves leaving our warehouse in Schaffhausen to project in Switzerland. Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 We advance to prefabricated solutions ready to install and integrate 16 Showcase Infrastructure Up to 40% water saving 1 Burst prevention by smart control Superior efficiency in repair and maintenance 1: Customer reference Constanta, Romania Schaffhausen, 4 November 2025 | Capital Markets Day

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© GF v3.3 ... and with the top-tier services in-house Showcase Infrastructure 17 Engineered with world-class application expertise Prefabricated and integrated for efficient installation Schaffhausen, 4 November 2025 | Capital Markets Day

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