Modine Manufacturing : Investor Presentation March 2025
MOD
Investor Presentation
March 2025
OUR
OUR
OUR
VISION
PURPOSE
MISSION
OUR
VALUES
Always evolving
Engineering A Cleaner,
our portfolio of
Healthier World
products in
pursuit of highly
engineered,
mission-critical
thermal solutions
Reduce Water & Energy
Consumption
Lower Harmful
Emissions
Enable Cleaner Running
Vehicles
Use Environmentally Friendly
Refrigerants
Improve Indoor Air Quality
Integrity
Committed
People Centric
Technology Driven
Results Oriented
Team Focused
3
Modine At-a-Glance
$2.4B FY2024 $314M Sales
Heat Transfer
Products
20%
Liquid-Cooled
Applications
21%
Performance
Climate
HVAC&R
Technologies
Solutions
14%
54%
46%
Air-Cooled
ApplicationsData Centers
28%12%
FY2024 Adjusted
EBITDA
38Countries1
Asia: 7
~11,300Employees
Manufacturing
Americas: 16
Facilities in 14
Europe: 15
Modine Headquarters
Performance Technologies Facility
Climate Solutions Facility
Positioned for Growth with Strong Product Portfolio and Global Footprint
1As of March 31, 2024, excludes Coatings locations
4
See appendix for Non-GAAP reconciliations
Strategic Pillars Driving Value Creation
80
20
Capitalizing on our deep expertise in thermal management to deliver differentiated solutions and sustained market leadership
Leveraging our portfolio of highly engineered, mission-critical thermal solutions to accelerate growth
Entering a multi-year growth cycle powered by multiple secular mega-trends
Elevating our 80/20 discipline by influencing daily decision-making and strategic resource and capital allocation
Evolving our portfolio to compound shareholder value by focusing on high-growth, high-margin businesses for sustainable growth and returns
5
Deep Expertise in Thermal Management
HIGHLY ENGINEERED, MISSION-CRITICAL
thermal solutions to meet the needs of our customers
Over a century of leadership in thermal management
Strong relationships with leading companies across many diversified industries
Patent-protected, fit-for-purpose innovation meeting customers' unique needs
Advanced technical test centers and lab capabilities driving product development
Proprietary technology and footprint creates ongoing value for our customers
6
Secular Mega-Trends Driving Long-Term Growth
High-Performance Computing
Rapid expansion of AI fueling explosive data center growth, with commensurate need for cooling solutions
Global Emission Standard Regulations
Provide thermal components and systems to shift to low-carbon energy solutions driving demand for cleaner, more efficient thermal management
Electrification
Solving the critical thermal transition to zero-emission mobility with smart electric components and technology
Low Global Warming Potential Refrigerant Regulations
Tighter regulation of refrigerants driving demand for new, higher performing equipment
Clean, Healthy Indoor Air Quality
Growing emphasis on health and safety in schools, and public buildings driving demand for clean air solutions
7
80/20 is Repetitive and Timeless
nUp & Sim
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y
nUp
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Sim
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Simplification
Segmentation
Growth
Cle
ify
• Our 80/20 journey is a
F
80/20
Strategy
nUp & Sim
c
repetitive cycle
e
Alignment
Simplification
Segmentation
o
Efficiency
Value
High
Cle
ify
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t
d
Creation
a
pl
s
f
c
Strategy
w
i
• Each turn drives renewed
x
&
F
80/20
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h
S
G
Margin
o
r
i
Efficiency
Value
t
Focused
Performance
M
u
Alignment
focus on business
h
Growth
Culture
&
Simplification
Segmentation
s
Creation
&
e
i
ti
G
I
d
t
n
f
High
h
n
o
i
n
r
o
s
Profile
u Efficiency
Value
o
I
S
v
n
M
a
a
strategy and investment
o
h
w
x
t
r
i
T
F
80/20
t
Focused
Performance
o
Strategy
&
i
n
c
&
Growth
Culture
n
for profitable growth
d
Creation
f
v
n
Alignment
o
s
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ti
Financial
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t
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i
Growth
Culture
&
o
s
i
a
a
G
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• The result is an ongoing
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h
Focused
Performance
x
t
M
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w
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evolution of the business
&
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n
io
I
Growth
n
t
n
i
o
s
a
a
t
r
i
T
o
n
portfolio with higher
& Low
Starting
Current Progress
financial targets and
Margin
Point
returns
Low
Clean Up & Simplify
Transition & Mix Shift
Focused Growth & Innovation
Modine's 80/20 Maturity Model
Modine in the Early Phases of 80/20 Journey, with Rapid Improvements Already Achieved
Business Segments and Product Groups
PERFORMANCE TECHNOLOGIES
Percent of Sales FY2024:
21%
28%
5%
Air-Cooled
Liquid-Cooled
Advanced
Applications
Applications
Solutions
Air-cooled heat exchangers
Liquid-cooled heat
Thermal systems and
for vehicular, stationary
exchangers for engine,
components for electric
power and industrial
stationary power, industrial
vehicles designed to fit any
applications
and residential applications
chassis
CLIMATE SOLUTIONS
Percent of Sales FY2024:
20%
14%
12%
Heat Transfer
HVAC&R
Data
Products
Centers
Heat exchangers for a
Heating, ventilation, air
Software-optimized free
variety of HVAC&R
conditioning and refrigeration
cooling solutions that help
applications and anti-
systems for commercial,
save water and energy
corrosive coatings
education, industrial and
through intelligent controls,
select residential applications
and use environmentally
friendly refrigerants
9
Performance Technologies
Performance Technologies provides engineered products and solutions that enhance fuel economy, minimize harmful emissions and increase reliability in harsh environments
Performance Technologies' Product Groups
FY2024 Sales
10%
38% $1.3B 52%
Air-Cooled
$681M
Liquid-Cooled
$492M
Advanced Solutions
$127M
Sales & Adjusted
EBITDA Margin
Air-Cooled
Liquid-Cooled
Advanced
Applications
Applications
Solutions
$1.3B $1.3B
4%
11.5%
7.0%
FY23FY24
See appendix for Non-GAAP reconciliations
10
Disclaimer
Modine Manufacturing Company published this content on March 08, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 10, 2025 at 20:36:21.064.