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Request-Q2'11 Earnings Charts - Q2 2011 Earnings Release...

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1 Any statements made about the company’s anticipated financial results are forward-looking statements subject to risks and uncertainties such as the company’s ability to integrate the CPT acquisition successfully; the magnitude, timing and scope of recovery from the global economic downturn; the strength of housing and related markets; the risk that expected benefits from restructuring and other cost reduction plans may not be fully realized, or may take longer to realize than expected; foreign currency effects; material inflation outpacing our productivity and pricing actions; retail, commercial and industrial demand; increased risks associated with operating foreign businesses; product introductions; pricing and other competitive pressures; and the company’s ability to achieve its long-term strategic operating goals, as well as other risk factors set forth in our SEC filings. Forward-looking statements included herein are made as of the date hereof, and the company undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results. Q2 2011 Earnings Release July 26, 2011
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2 Good Execution … Another Strong Quarter UIforward Strong Execution and Investments Yielding Positive Results UIforward Fast Growth Regions Revenue Up 55%, CPT Contributing 29 pts of Growth UIforward Pricing and Productivity Gains Enabled Another Quarter of Margin Expansion UIforward CPT Integration On Track Adj. Op Income Increased 21% Adj. Op Margins 13.3% … Up 70 bps UIforward Volume/Growth 0.3 pts. UIforward Price/Productivity 3.1 pts. UIforward Inflation (2.7)pts. Adj. EPS of $0.75 Up 23% from Prior Year UIforward Adj Tax Rate 28% UIforward Interest Up $6M YOY Q2 Free Cash Flow $179M … 268% of NI UIforward YTD = $117M UIforward On Track to Deliver FCF >$250M *2010 Results From Continuing Operations; All Year Over Year Comparisons Against 2011 Adjusted Results; ** CPT refers to the acquisition of Norit’s Clean Process Technologies Business; Closed May 12, 2011 Q2 Q2 11 Pentair Results* 11 Pentair Results* Q2 Financial Highlights Summary Sales up 14% … (Including 7 pts for CPT**) UIforward Water up 15% UIforward Technical Products up 13% Q2’11 Q2’10 Sales $910M $796M Op Income (Reported) $109M $100M Op Income (Adjusted) $121M $100M ROS (Adjusted) 13.3% 12.6% EPS (Reported) $0.67 $0.61 EPS (Adjusted) $0.75 $0.61
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3 Q2 Q2 11 Water Performance* 11 Water Performance* Operating Margins / Productivity Q2 Sales Q2 Operating Income +10pts +2pts +0pts +3pts +15pts YOY 13.8% (0.3%) (2.7%) 3.4% 14.2% (0.8%) 13.4% ROS Q2’10 Adj. Prod./ Price Infl. Growth Q2’11 Adj $9M $90M $20M $76M $549M $632M $14M Q2’10 Volume Price FX Q2’11 $2M $13M ($15M) $54M Acq. Margins 14.2% 15% YOY Q2’11 Rptd ($5M) $85M Adj. Sales Up 15% … 5% ex-CPT UIforward Residential Flow +7% UIforward Residential Filtration +12% UIforward Pool +7% UIforward Engineered Flow (7%), GIWW lap (8 pts) UIforward Filtration Solutions +86%, CPT +79 pts Fast Growth Regions +69%, CPT +43 pts Adj Operating Margins 14.2%, Up 40 bps UIforward Strong Execution of Growth Initiatives UIforward Meaningful Progress on Lean Enterprise Yielding Sustainable, Higher Margins
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