Page 1

EX - 99.12 ir2021qlex991.htm EX - 99.1 IR Ingersoll Rand ● Ingersoll Rand Reports First - Quarter 2021 Results Record Double - Digit Organic Orders Growth ; Raising 2021 Guidance Important note : On February 29 , 2020 , Gardner Denver Holdings , Inc. closed on the acquisition of Ingersoll - Rand plc's Industrial segment ( " the Transaction " ) and assumed the name Ingersoll Rand Inc. " Reported results " reflect the respective contributions from each company based on the close of the Transaction . For comparative purposes , management has also presented herein Supplemental Financial Information as if the Transaction was completed on January 1 , 2018. All comparisons provided are on a year - over - year basis unless otherwise noted . First - Quarter 2021 Highlights ( All comparisons against the first quarter of 2020 unless otherwise noted . ) Strong performance and transformation fueled by Ingersoll Rand Execution Excellence ( IRX ) drove the following : Exhibit 99.1 Reported revenues of $ 1.4 billion , up 95 % , and up 17 % ( 12 % organically ) as compared to prior year supplemental adjusted revenues Reported orders of $ 1.7 billion , up 124 % , and up 29 % ( 24 % organically ) as compared to prior year supplemental adjusted orders Reported net loss attributable to Ingersoll Rand of $ 90 million , or a loss of $ 0.21 per share , including $ 319 million of pre - tax loss from discontinued operations , amortization , restructuring and related business transformation costs , acquisition - related expenses and other adjustment : down 146 % from prior year net loss attributable to Ingersoll Rand of $ 37 million O Adjusted income from continuing operations , net of tax of $ 192 million , or $ 0.45 per share Adjusted EBITDA of $ 293 million , up 57 % from prior year supplemental adjusted EBITDA of $ 186 million , with a margin of 21.4 % Reported operating cash flow from continuing operations of $ 123 million and free cash flow from continuing operations of $ 108 million , both including Transaction - related outflows of $ 10 million Liquidity of $ 2.6 billion as of March 31 , 2021 , including $ 1.6 billion of cash on hand and undrawn capacity of $ 1.0 billion under available credit facilities Portfolio Optimization Completed the sale of a majority interest in High Pressure Solutions ( “ HPS ” ) business to American Industrial Partners on April 1 , 2021 ; Ingersoll Rand received approximately $ 300 million in cash at closing ( representing a 24x multiple of 2020 HPS segment adjusted EBITDA ) and retained a 45 % common equity interest in the business Announced the sale of the Specialty Vehicle Technologies ( " SVT ” or “ Club Car® " ) segment to Platinum Equity on April 12 , 2021 ; the all - cash transaction is valued at $ 1.68 billion , which is approximately 12.1x 2020 SVT segment adjusted EBITDA , and is expected to be completed by the third quarter of 2021 2021 Revised Guidance , excluding Specialty Vehicle Technologies Segment Raising full - year 2021 revenue growth expectation , excluding SVT , to low double digits ( up approximately 200 bps of organic growth from initial guidance ) and raising adjusted EBITDA guidance , excluding SVT , to $ 1.12 billion to $ 1.15 billion ( up approximately $ 45 million from initial guidance midpoint ) DAVIDSON , N.C. - April 28 , 2021 - Ingersoll Rand Inc. ( NYSE : IR ) reported record double - digit organic orders and organic revenue growth in the first quarter of 2021 . Vicente Reynal , chief executive officer , stated , “ Our strong first - quarter performance demonstrates our continued focus on executing our strategy , enabled by the transformative power of IRX . We continue to successfully navigate the rapidly changing landscape – from cautionary mode to growth mode as the economy and our markets recover . I want to thank our employees , who are shareholders , for their steadfast dedication to serving our customers , living our core values every day , and creating a culture of accountability and collaboration . This quarter , we substantially accelerated our portfolio transformation with the sale of a majority interest in our High Pressure Solutions business and agreement to sell Club Car for a total of approximately $ 2 billion . The proceeds from these transactions will create long - term value , including enabling significant organic and inorganic investment into our core business segments as we advance our growth strategies and expand our addressable market . As we build Ingersoll Rand into a leading employer of choice , I am proud of the strides we are making . Our recently released 2025 1