NVT Nvent Pentair Electrical 2018 Investor Day

2018 nVent Investor and Analyst Day
New York City

February 13, 2018
2/12/2018
Welcome
J.C. Weigelt
Vice President Investor Relations
Agenda for Today
Estimated Time Topic Speaker

1:00pm Welcome J.C. Weigelt
1:05pm Opening Remarks Randall Hogan
1:10pm Overview of nVent Beth Wozniak
1:35pm Growth Strategy Ben Sommerness
1:50pm Overview of Enclosures Joe Ruzynski
2:05pm Overview of Thermal Management Brad Faulconer
2:20pm Overview of Electrical & Fastening Solutions Robert van der Kolk
2:35pm Investment Thesis and Financial Outlook Stacy McMahan
2:50pm Break
3:00pm Q&A
February 13, 2018 nVent Investor Day 3

Forward-Looking Statements
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This presentation contains statements that we believe to be "forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. All statements, other than statements of historical fact are forward-looking statements. Without
limitation, any statements preceded or followed by or that include the words "targets," "plans," "believes," "expects," "intends," "will,"
"likely," "may," "anticipates," "estimates," "projects," "should," "would," "positioned," "strategy," "future" or words, phrases or terms of
similar substance or the negative thereof, are forward-looking statements. All projections in this presentation are also forward-looking
statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties,
assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. These factors include the ability to satisfy the necessary conditions to
consummate the planned separation of our Electrical business and the Water business of Pentair plc into two independent, publicly-
traded companies (the "Proposed Separation") on a timely basis or at all; the ability to successfully separate our business and realize the
anticipated benefits from the Proposed Separation; adverse effects on our business operations or financial results as a result of the
announcement or consummation of the Proposed Separation; unanticipated transaction expenses, such as litigation or legal settlement
expenses; failure to obtain tax rulings or changes in tax laws; changes in capital market conditions; the impact of the Proposed
Separation on our employees, customers and suppliers; overall global economic and business conditions impacting our businesses; the
ability of our business to operate independently following the Proposed Separation; the ability to achieve the benefits of our
restructuring plans; the ability to successfully identify, finance, complete and integrate acquisitions; competition and pricing pressures in
the markets we serve; the strength of housing and related markets; volatility in currency exchange rates and commodity prices; inability
to generate savings from excellence in operations initiatives consisting of lean enterprise, supply management and cash flow practices;
increased risks associated with operating foreign businesses; the ability to deliver backlog and win future project work; failure of markets
to accept new product introductions and enhancements; the impact of changes in laws and regulations, including those that limit U.S.
tax benefits; the outcome of litigation and governmental proceedings; and the ability to achieve our long-term strategic operating goals.
Additional information concerning these and other factors is contained in our filings with the SEC, including our Registration Statement
on Form 10. All forward-looking statements speak only as of the date of this presentation. nVent Electric plc assumes no obligation, and
disclaims any obligation, to update the information contained in this presentation.
The officer titles for individual speakers set forth in this presentation are the titles such persons are expected to have at nVent Electric plc
after the completion of the Proposed Separation.

2
Key Definitions
• Except as Otherwise Noted, All References to nVent and All Amounts Included Herein
Represent the Pentair Electrical Business Excluding the Pentair Water Business
• "Core Sales" Refers to GAAP Revenue from Continuing Operations Excluding (1) the
Impact of Currency Translation and (2) the Impact of Revenue from Acquired
Businesses Recorded Prior to the First Anniversary of the Acquisition Less the Amount
of Sales Attributable to Divested Product Lines Not Considered Discontinued
Operations
• "Adjusted Core Sales" Represents "Core Sales" Excluding the Impact of Large Jobs
Within our Thermal Management Business
• Segment Income Represents Equity Income of Unconsolidated Subsidiaries and
Operating Income from Continuing Operations Exclusive of Non-Cash Intangible
Amortization, Certain Acquisition Related Expenses, Costs of Restructuring Activities,
"Mark-to-Market" Gain (Loss) for Pension and Other Post-Retirement Plans,
Impairments, and Other Unusual Non-Operating Items
• Return on Sales ("ROS") Equals Segment Income Divided by Sales
• See Appendix for GAAP to Non-GAAP Reconciliations

Opening Remarks
Randall Hogan
Chairman, nVent
Separation into Two Publicly-Traded Companies
WATER ELECTRICAL
CONNECTION
SUSTAINABILITY
Maximizing the Use of & PROTECTION
the Resources People Connecting & Protecting
Rely on Most Critical Processes, People,
and the Environment
A Leading Global Water Treatment A High-Performance Electrical Company

Company Focused on Smart, Sustainable Focused on Connecting and Protecting our
Water Solutions Customers with Inventive Electrical Solutions
2017 Revenue: ~$2.8B 2017 Revenue: ~$2.1B

2017 ROS: ~17%* 2017 ROS: ~19%*
Industry-Leading, Pure-Play Companies; Strong Brands & Financial Profiles

February 13, 2018 nVent Investor Day
7
*Includes allocated corporate costs
Rationale of Separation
RATIONALE
STRATEGIC FOCUS
Improved Clarity into Performance
and Growth Opportunities
FINANCIAL STRENGTH CAPITAL ALLOCATION FLEXIBILITY

Supports Plan to be Successful, Unique Strategies to Deliver
Profitable, and Sustainable Growth for Each
FOUNDATION
PIMS CAPITAL STRUCTURE MANAGEMENT TEAM
Pentair’s “Business System” Expect Strong Balance Sheet and Mix of Current & New Executives
Financial Positioning and Board Members to Lead
The Next Step in the Evolution of Pentair

nVent Overview
Beth Wozniak
Chief Executive Officer
At nVent, we believe that safer systems ensure a more
secure world. We connect and protect our customers
with inventive electrical solutions.
The Road to nVent
Erico Raychem Tracer Schroff Raychem & Tracer

Founded Founded Founded Acquisition Acquisition (Tyco)
1900s 1940s 1950s 1960s 1970s 1980s 1990s 2000s 2010s
Hoffman Caddy Schroff Hoffman Erico/Caddy

Engineering Launched Founded Acquisition Acquisition
Launched
A Name that Reflects Our History and Our Future

Confidential & Proprietary
Performance History
~19%
~15%
~10%
~$2.1B
~$550M ~$1.1B
~$550M
1996 2007 2017

Sales ($M) ROS
4x Sales and nearly Doubled ROS…Profitable, Scaled Electrical Business

Diversified Portfolio with Strong Financials
Company Characteristics 2017 Financials
 Industry-leading positions and strong brands ~$2.1B

 Focused on improving utilization, lowering Revenue
costs and maximizing customer uptime
 Attractive margin profile ~19%
 Strong free cash flow generation ROS
Segments Verticals Geographies
26% 44% 12%

45% 2% 65%
Infrastructure
Electrical & Enclosures Industrial
Fastening Other US &
Solutions Developed Canada
16%
Energy
11%
Developing
30% 27%
22%
Thermal Commercial &
Management Residential Western
Europe
High Performance Electrical Company Focused on Connection & Protection

Industry Leading Positions
We are a Leader in Connection and Protection
• A global leader in electric heat tracing solutions
• A global leader in complete heat management systems
• A global leader in electrical and fastening solutions
• A leader in North American industrial enclosures
• A leader in European electronic protection
Premier Brands Recognized for Innovation, Quality and Reliability

nVent has Mission-Critical Solutions That Create Value
Mission-Critical Customer Productivity &
High Cost of Failure
Solutions Total Cost of Ownership
Our products… Our products… Our products…
• Connect and protect • Protect equipment • Reduce labor cost in
across broad range of and electronics in installation
applications hazardous • Improve utilization
• Meet stringent environments
• Minimize downtime
regulatory standards • Help avoid the high
• Reduce total cost of
and certifications cost of failure
ownership
Purge and Stainless Hazardous Rail Surge

Pressurizatio Steel Location Protection Reduced facilities
n Systems Enclosures Cooling operating costs by ~75%
Our Value and Differentiation Drive Customer Loyalty

nVent Leadership Team
STACY McMAHAN LYNNETTE HEATH JON LAMMERS BEN SOMMERNESS

EVP & Chief EVP & Chief Human EVP, General Counsel EVP, Chief Growth &
Financial Officer Resources Officer & Secretary Strategy Officer
BETH WOZNIAK
Chief Executive Officer
TOM PETTIT JOE RUZYNSKI BRAD FAULCONER ROBERT Van der KOLK
EVP & Chief Integrated President President President
Supply Chain Officer Enclosures Thermal Management EFS
New Leadership Team in Place

The nVent Strategy
One nVent
Accelerate
Focus on Attractive Grow Globally & in
Innovation &
Verticals Developing Regions
Connected Solutions
Drive Productivity & Velocity
Pursue Targeted Bolt-on Acquisitions

Macro Trends are Favorable
Technology & Electrification &

Connectivity Urbanization
Demographic Safety & Security

Shifts
Trends Drive use of More Electrical Products

One nVent
Customers Aligned Go to Market Teams for Key Verticals
Channels Key Partnerships and Account Management
Capability Commercial Excellence
Digital Digitizing the Customer Experience
Scale Common Processes & Systems

Focus on Attractive Verticals
2018 Macro
Growth Focus
Outlook
• New products, global
Industrial focus
(45% of Sales)
• Connected solutions &
digital tools
Commercial & • Lower cost of ownership
Residential and installation
(27% of Sales) • Specification selling
• Global new products
Energy • MRO focus

(16% of Sales) • Connected solutions
• New products
• Aligned go to market
Infrastructure
(12% of Sales) and key account
penetration
• New products
Global Synchronous Growth in 2018

Accelerate Innovation and Connected Solutions
Advanced Flexible Busbar Thermal Industrial Controller
• Unique low-smoke, halogen- • Safe and reliable

free, and flame-retardant temperature control
insulation • Connected controls and
• Reduces Total Installed Cost monitoring solutions
• Improves safety and reliability
Integrated Liquid Cooling Solutions Thermal Commercial Controller
• Differentiated air to water & • Advanced connected

water to water high density controls platform
heat exchangers for heat tracing and leak
detection
• Critical need in datacenters
for high density heat loads • Building Management
System connectivity
Innovative and Connected Solutions Addressing Unmet Needs

Grow Globally and in Developing Regions
• Developed Regions:
Accelerate product
coverage and
penetration
• Developing
Regions: Enhance
local capabilities and
localized solutions
• Localizing products
• Increasing global
Manufacturing Facilities design capability
Global Footprint Supports Global Growth

Drive Productivity and Velocity
Our Solid Foundation Accelerating Performance
Lean Enterprise Lean Enterprise

• Standard Work • Lean Information Flow
• Creating Flow • Integrated Supply Chain
• Strategy Deployment
Digital Transformation
Digitization • Enterprise-wide platforms
• Digital customer experience
Standardization
• ERP Systems Continue Standardization
• Processes • Across all processes
Drive Productivity and Velocity

nVent Values
Retain our Win Right Values and Culture
Living our Values is Fundamental to Achieving Our Goals

Evolution of Our Management System
PIMS Foundation Introducing spark
Growth
spark
Rapid Growth Process
3D Innovation
 Growth
Commercial Excellence
 People
PENTAIR  Lean Enterprise
INTEGRATED
MANAGEMENT
SYSTEM
 Velocity
Standard Work
Creating Flow
Strategy Deployment
Talent Mgmt.
Org. Development
“Win Right” Values
 Digital
Lean Enterprise Talent
Building on a Strong Foundation

The 5 elements of Spark
Growth Growth Mindset, Commercial Excellence
People Energize Employees & Create Value
Lean
Enterprise Lean Information Flow
Velocity Drive Velocity in Everything We Do
Digitize the Customer Experience,

Digital
Products and Processes

Key Priorities by Segment
• Grow Industrial and Infrastructure

Enclosures • Expand margins via productivity and price
• Digitize customer experience
• Grow Industrial, Commercial and Infrastructure

Thermal • Focus on Industrial MRO
Management • Launch new products and connected solutions
Electrical & • Grow Commercial and Infrastructure

Fastening • Launch new products and solutions
Solutions • Expand margins via productivity and price
Focused Growth Globally

CEO Priorities
Set up nVent as a Separate Public Company
Drive Organic Growth
Expand Margins via Productivity and Velocity
Continue Strong Cash Flow
Drive Disciplined Capital Allocation

Long-Term Financial Framework
Long-Term Goals
Revenue Differentiated growth

1-2% above GDP
Segment Income Margin

Expansion
EPS Top Tier Performance
Free Cash Flow =

Cash Flow
100% Adjusted Net Income
Long-Term Value Creation Goals

Key Takeaways
We are a Leader in Connection and Protection
• We have industry leading positions in growing verticals
• We have attractive segments with differentiated growth

opportunities
• We have a clear strategy and are focused on driving organic

growth
• Our One nVent approach can accelerate performance
Building a High Performance Growth Company

Countdown to Target Spin Date ~ 76 Days, 19 hours, 55
min.

Growth Strategy
Ben Sommerness
Chief Growth & Strategy Officer
nVent’s Verticals are Attractive and Growing
Characteristics • Large, attractive verticals

Total • Strong fundamentals
Addressabl
Expected accelerating growth
Verticals e – Technology/Connectivity
Growth
Size
– Electrification/Urbanization
($B)
– Demographic Shifts
Commercial &
~22 ~3% – Safety and Security
Residential
• Good mix across verticals
Industrial ~18 ~4%
• Many leadership positions
Infrastructure ~11 ~4% • Lots of opportunity, globally
Energy ~9 ~3%
Total ~60 ~3-4%
Solid Vertical Growth and nVent Position

We Have a Leading Portfolio of Electrical Products
Electrical & Fastening

Enclosures Thermal Management
Solutions
($935M) ($622M)
($541M)
Equipment Electronics Building Industrial Fastening Electrical

Protection Protection Infrastructure Heating Solutions Solutions
Solutions Solutions
2017 Revenue by Segment

34
Unifying Our Strong Brands Under nVent
2015
2012
2018
1994
1988
1966
A “Branded House” That Better Enables Portfolio Selling

The nVent Strategy
One nVent
Accelerate
Focus on Attractive Grow Globally & in
Innovation &
Verticals Developing Regions
Connected Solutions
Drive Productivity & Velocity
Pursue Targeted Bolt-on Acquisitions

Drive “One nVent” via Commercial Excellence Framework
Developing Addressing Executing Growing
1 2 3 4 5 6 7 8 9 10 11
Communication
Development
Management
Effectiveness
Commercial
Generation
Branding &
Creation &
Innovation
Customer
Market &
Service &
Demand
Strategy
Analysis
Support
Product
Insights
Market
Pricing
Selling
Value
Near-Term Priorities to Drive Growth
• Product Management
• Customer Insights
• Innovation Velocity
• Strategic Pricing
• Commercial Effectiveness
Growth Mindset…With Rigorous Execution to Deliver on
Commitments
“One nVent” - Pursuing a Digital Strategy to Enable
Growth
Business strategy
• Focus in 2018
Digitize Go-To-Market Connected Solutions – New web site
– CRM launch
– Product data
– Configurators
• Transformation
over time
Digitize Operations Digitize Support – 2018 – 2019
Functions Digitize the Core
– 2020 – 2021
Digital End-to-End
– 2021+
World Class
Accelerators (People, Technology, Analytics) Customer Experience

Configurators Allow Better Customer Experience
Digital Example: Schroff Configurator • Enhancing the
customer
experience
• Driving velocity by
simplifying
processes
• Expanding
configurator
capability to more
product lines
Design Your Electronics Cabinet or Front Panel in Minutes!
Connecting Our Customers to Create Value

Attractive Verticals - Infrastructure
• Infrastructure is a large, DataCom & Networking Solutions

global vertical with
attractive growth
– ~$11B, ~4% growth
• DataCom & Networking

Solutions (DNS) is one
key growth opportunity
• Increase DNS sales via:

– Dedicated enterprise team
– Selling solutions
– Building on strong
relationships Racks & Accessories Cable Pathways
– Bring global differentiation Cooling Grounding
Coordinated Approach to Drive Infrastructure Opportunities

Attractive Verticals - Commercial
• Commercial vertical is Commercial Building

large and growing
– ~$22B, ~3% growth
• Increase Commercial
sales via:
– Dedicated enterprise leader
– Project pipeline expansion
– Specification selling
– Clear value propositions
– Collaboration across nVent
– Aligned channel to deliver
Thermal Management Cable Management
Fire Protection Seismic Protection
DNS Lightning Protection

Accelerate Innovation - 3D Process for Organic Growth
3D Product Development Process
• Established, robust
Discover process driving velocity
Identify, Evaluate & Prioritize – Vitality up 25% since 2015
• Increasing investment with
focus on ‘bigger’ ideas
Develop – Technology differentiation
Optimize & Validate
Design
– Better VOC, tools, and training
– Continued 3D rigor
Deploy
• Expect strong new product
Execute sales contribution
Launch – ~50 launches in 2018
– Target ~20% vitality longer term
Process Bearing Fruit, But Much More to Come

Growth Globally and in Developing Regions
Developed Regions Developing Regions

• Approach: • Approach:
– Vertical growth initiatives – Align nVent, go-to-market approach
– Segment coordination – Product & manufacturing localization
– Sell existing portfolio – Expanded in-region marketing
– Innovative solutions – Broader channel partnerships
– Aligned channel partnerships – Prioritize, such as Silk Road
• Growth Examples:
– ERIFLEX FLEXIBAR busbar in U.S.
– CADDY fasteners in Europe
– RAYCHEM XL-TRACE heat trace
Sell Our Existing Portfolio…Globally!

Key Takeaways
• nVent is in attractive, growing verticals
• We have strong, well-positioned brands and products
• We are unifying under One nVent to drive portfolio growth
• nVent has an exciting future with a clear, focused strategy
• Underpin growth with commercial excellence velocity
nVent is Poised for Strong Growth

Enclosures
Joe Ruzynski
President, Enclosures
What You Will Hear Today
• Enclosures is growing and is well positioned to grow
− Strong brands positioned well in favorable verticals
− Sustainable competitive advantages
• We expect to grow by:

− Driving growth in Industrial and Infrastructure verticals
− Supporting the transformation in our channel and digitizing our front end
− Growing in Developing Regions
• We plan to expand margins by:

− Driving productivity and lean in our newly expanded footprint
− Optimizing price
− Leveraging digital and increasing velocity
Positioned to Drive Growth and Expand Margin

Who We Are: Enclosures
Description 2017 Financials
We provide innovative solutions

that protect, connect, and manage $935M
heat in critical electronics, Revenue
communication, control, and
power equipment. ~17%
ROS
Geographies Verticals
1%
11%
Other Developed
11% 69% Energy
60%
Developing US &
10% Industrial
Canada
Commercial
18%
Western Europe
19%
Infrastructure

We Connect and Protect Critical Controls and
Components
Modular
Equipment Enclosure Solutions
Protection
Industrial controls and automation Industrial Cooling

Oil & gas controls
Food and beverage
Commercial construction Hazardous Location
Data centers & networking Enclosures
Electronic
Protection Subracks and Cases
Data Center Solutions

Rail signaling and control
Test and measurement
Aerospace and defense
Data centers & networking Server Cabinets Power Supplies

Did you know?
• More than 30 million nVent enclosures are in use

around the globe today
• Our 4X stainless steel enclosure with POWERGLIDE handle

withstood hurricane flooding for four days
• Data centers with high heat densities are deploying

nVent closed loop cooling systems globally
• nVent backplanes provide millions of passengers a

pleasant inflight entertainment experience
Providing Innovative Solutions for More Than 70 Years

Key 2018+ Priorities to Support nVent Strategy
1 • Strategic channel partnerships

One nVent
2 Focus on Attractive • Accelerate in higher growth DNS

Verticals • Global industrial expansion
• Flow capital to best opportunity

Stabilize Performance &
3 • Partnered distribution model
Strengthen Margin
• Value based pricing
• Streamlined offering in growth regions

Grow Globally & in
4 • Localization of design
Developing Regions
• Globally serve key OEMs

Well Positioned to Continue Capturing Macro Trends
Macro-Trends Example Sub-Trends Segment Implications
Demographi Industrial & Infrastructure

c Shifts Investments in Developing Broad Footprint and Portfolio
Regions
Technology & Increased Data Needs … Leading Data, Networking, and

Connectivity
Everywhere Cooling Solutions
Safety &
Security Remote Monitoring, Predictive
Connected Cooling and Power
Maintenance
Electrification &
Urbanization
Channel Velocity and Value Configurator and Modification
Add Solutions

Enclosures Has Strong Competitive Advantages
• Specialized
• Deep history in our
engineering and
Hoffman and
testing expertise
Strong Brand Schroff brands and Technical
enables ability to
Recognition reputation for Expertise
deliver high
quality and
performance, lower
reliability
cost designs
• Broad enclosure,
cooling, and • Ability to tailor
Broad accessory product products and
Customized
Product offering provide innovative
Products and
Offering and solutions to meet
Availability • Strong availability Solutions
complex customer
through global requirements
channel

Differentiated Solutions Driving Customer Value
• Differentiated corrosion protection

solution
Customer needs:
Harsh environments • Implemented at Leading Tire
cause “general Manufacturer for a 24 month pilot
purpose” products
SPECTRACOOL air to fail • Strong results at customer:
conditioners with Advanced • Uptime improvement of ~500%
Corrosion Protection • Rusting and • Cost savings of ~$1.4m
corrosion
• Equipment
failures
Testimonial: “Production can run
• Down time more smoothly without worrying
about downtime since we
• Lost revenue
introduced protected AC units and
Smart - Remote • Incremental remote monitoring.”
Monitoring of Air expense
Conditioners Extends Life

Using Digital to Improve the Customer Experience
EASY SEARCH CONFIGURE & PRICE FULFILL & TRACK VELOCITY
• Improve customer’s digital journey with flexible search and collaborative

design tools
• Provide better customer service through quick quoting, fast fulfillment, order
tracking and online support
• Support channel’s effort to add value by integrating with their sites
Setting the Base for Digital Transformation

Driving Growth With New Products
PROTECTING PEOPLE CONTRACTOR INNOVATION
Product: Product:
Internal Disconnect Shield Angled Trough
Customer Need: Customer Need:

Reduce risk of electric shock and arc flash Cut total installation time by the elimination of costly
90-degree conduit bends
Differentiating features: Differentiating features:

− Open back with holes for easy mounting − Angled design allows pulls through front and
− Door stop to prevent incidental contact eliminates need for conduit bends
− Automatic latching − Simple cover design for up to 80% installation
labor savings
Strong Pipeline, Well Positioned for Growth

Improving Performance and Margin Expansion
Investment Execution Acceleration

Past: 2015-2017 Today: 2018 Future: 2019-2022
Capacity Expansion Integrated Supply Chain Supply Chain Velocity

Factory Consolidation Logistics Optimization Digital End to End
New Distribution Center Digital Front End Improved Customer
Automation Pricing Experience
Growth and Lean Growth and Margin

Stabilization and Growth Enterprise Expansion
Path to Margin Expansion and Improved Customer Experience

Enclosures Financial Overview
Revenue ($M) ROS
$959 $935 +4-6%
$911 21% 20%
17% ~Flat
2015 2016 2017 2018 Outlook 2015 2016 2017 2018 Outlook
• Improve the customer experience • Optimize pricing

• Drive growth in key verticals • Drive productivity and lean
• Introduce innovative products • Remove complexity
• Grow in developing regions • Leverage digital
Accelerating Growth and Expanding Margins in the Second Half of 2018

Key Takeaways
• Enclosures is growing and is well positioned to grow
− Strong brands positioned well in favorable verticals
− Sustainable competitive advantages

− Driving growth in Industrial and Infrastructure verticals
− Supporting the transformation in our channel and digitizing our front end
− Growing in Developing Regions

− Driving productivity and lean in our newly expanded footprint
− Optimizing price
− Leveraging digital and increasing velocity
Positioned to Drive Growth and Expand Margin

Thermal Management
Brad Faulconer
President, Thermal Management
• Our Thermal Management segment has improved profitability
and we believe is positioned for sustained growth
− Highly differentiated products and solutions
− Diversified to capitalize on key global trends

− Launch of new products & software
− Delivering Vertical growth in Industrial, Commercial and Infrastructure
− Expanding regional presence through localization

− Driving productivity, pricing and velocity
Differentiated Solutions Positioned for Growth

Who We Are: Thermal Management
We provide electric thermal

solutions that connect and protect $622M
people, critical infrastructure, Revenue
industrial processes and
buildings. ~24%
ROS
2%
Other Developed
14% 55%
43%
Developing US &
26% Industrial
Canada
Commercial
& Residential
29%
Western Europe
31%
Energy

A Global Leader in Thermal Management Solutions
Industrial Heating Heat Tracing for Heating System
Solutions Plant Piping & Components
Vessels
Control, Monitoring Turnkey

& Sensing Services
Pipe freeze protection
Process temperature maintain
Pipeline heating
Tank & vessel heating
Heat Tracing for Fire Rated

Building & Pipes & Surfaces Wiring Cables
Infrastructure
Solutions
Floor Heating Thermostats,

Cables & Mats Controls
Snow melting & de-Icing
Radiant floor warming
Liquid leak detection
Life safety power cables

Did you know?
Inventor of New York High Rise The world’s longest

Self-Regulating buildings use heated pipeline in
Heating Cables with Raychem heating India uses Raychem
more than a Billion technology for efficient heating technology,
Feet installed hot water design for engineered by Tracer
worldwide instant hot water on
every floor
Thermal Management Connects and Protects Around the World


One nVent
• Digitize the customer experience
2 Focus on Attractive • Industrial MRO

Verticals • Commercial & Infrastructure
Product Innovation to • Smarter, IoT enabled products

3 Capitalize on Attractive • Fire, Safety and Sustainability
Global Trends • Flow Assurance
Grow Globally & in • Build local commercial capability

4
Developing Regions • Regionalization of products

Segment
Macro-Trends Differentiated Solutions
Implications
Connected: Heat Trace Control &
Monitoring
Technology & Connected Solutions

Connectivity
Sustainability: Systems for Fire: Life

Sustainability Energy & Water savings in Safety
Buildings Circuits
Electrification &
Urbanization
Enhanced Fire and Life
Safety Standards
Safety: Anti-icing for Ships and Offshore
Platforms, De-icing for Buildings
Safety &
Security
Flow Assurance
Demographi Flow Assurance: Protecting Critical

c Shifts Regional Expansion & Pipelines
Localization

Thermal Has Strong Competitive Advantages
• History of
• Specialized
innovative and
Strong Brand Technical engineering
high-quality
Recognition Expertise expertise for
products &
optimized solutions
services
Ease of • Highly Reliable • Offer one-stop

Installation solutions that lower Complete shop from products
and Reduced total cost of Solutions to complete
Total Cost ownership installations

Differentiated Solutions Driving Customer Value
Thermal Management 3D Design & Optimization Software
TracerLynx Platform: Customer Results:

• Single database heat management • Heating & Insulation optimization resulting
design software in significant power load reduction
• Imports electronic piping files and • Power distribution savings from reduced
specs power cable and cable tray
• Powerful design optimization and • Customer case studies support 1% in overall
change management Heat Management System savings

Innovation in Heating Innovation in Connected
Technology Controls
• Product: Raychem • Product: Raychem
XL-Trace Control & Monitoring
• Customer Need: • Customer Need: Ease

Enhanced Fire Safety of use, connectivity
• Differentiating Industrial Process • Differentiating

Heat Tracing Controller
features: features:
− Low smoke, zero − Touch user interface
halogen polymers − Full connectivity
02:05 02:05 − 50% less smoke − Global standards
over standard
cables
Multi Application
Controller

Business Performance Improvement Through PIMS
• ~800 bps improvement in Operating Margins since 2012
New Product
Lean Manufacturing Lean Engineering
Development
Redwood City Plant: Global Engineering Centers: NPD Process:

• ~50% cycle time reduction • Standard work and visual mgmt. • Standard work, visual
• ~25% square foot reduction • Work share across 8 offices management
• 3 shifts to 2 shifts with • ~80% lead time reduction • ~10% to 20% vitality
increased production • ~100% improvement in • ~25% annual increase in
production output 5YIR incremental revenue
Significant Process Improvements Delivering Financial Results

Thermal Financial Overview
Revenue ($M) ROS
$703 $692
$622 +1-3%
22% 24% 50-70 bps
18%
2015 2016 2017 2018 Outlook 2015 2016 2017 2018 Outlook
• Drive productivity and lean

• Deliver new products & software
• Remove complexity
• Grow in focused verticals
• Leverage digital
• Regional expansion, China
• Deliver pricing and velocity
Thermal Sales Declined With Non-Recurring Projects, Profit Grew Solidly

Key Takeaways
• Our Thermal Management segment has improved profitability
and we believe is positioned for sustained growth
− Highly differentiated products and solutions
− Diversified to capitalize on key global trends

− Launch of new products & software
− Delivering Vertical growth in Industrial, Commercial and Infrastructure
− Expanding regional presence through localization

− Driving productivity, pricing and velocity
Differentiated Solutions Positioned for Growth

Electrical & Fastening Solutions (EFS)
Robert van der Kolk
President, EFS
• Our Electrical & Fastening Solutions (EFS) segment is well
positioned for sustained growth with
• Innovative solutions
• End-user focused applications
• Strong brands with well-defined value propositions

• Innovative new products and solutions
• Targeted vertical and regional focus
• Further enhanced customer experience

• Price/Cost, productivity, lean enterprise and simplicity
Sustained Profitable Growth

Who We Are: Electrical & Fastening Solutions
We provide electrical and

fastening solutions that
$541M
Revenue
connect and protect
electrical and mechanical systems
~26%
and civil structures. ROS
2%
Other Developed
10% 70% 14% 57%
Developing US & Infrastructure Commercial
Canada
18% 19%
Western Europe Industrial
10%
Energy

A Global Leader in Electrical & Fastening Solutions
Electrical
Solutions
Electrical Installation & Protection • .77

Rail & Transit
Telecom
Utility & Industrial Facilities Electrical Rail & Transit
Protection
Fastening
Solutions
Electrical Installation
Seismic & Fire Protection
Data Communications
Electrical Data
HVAC
Installation Communications

Did you know?
With over 100,000,000

connections nVent sells nVent manufactures
installed globally, ERICO products to and sells over 5,000
ERICO CADWELD sets all major miles of CADDY
the standard in the North American and Telescoping Screw
exothermic welding most Gun Brackets annually
method in the industry major international
since 1939 rail companies
Electrical & Fastening Solutions Connects and Protects Around the World


One nVent
Innovative New Products • Innovation with strong value propositions

2
& Solutions • Supported by macro trends
Focus on • Solution selling across nVent portfolio

3
Attractive Verticals • Aligned approach to focused verticals
Targeted Geographic • Right product, right place, right time

4
Expansion • Efficient local teams

Macro-Trends Implications Differentiated Solutions
CADDY Prefab Solutions
Electrification & • Modular
Urbanization Products
• Ease of
Installation
ERIFLEX
CADDY Seismic ERICO Rail
FLEXIBAR
• Reliable
Safety &
Products
Security
• Code
Compliant
Solutions
Seismic
Prefab Configurator
Calculator
Technology & • Ease of Use
Connectivity
• Interactive
Solutions

EFS Has Strong Competitive Advantages to Leverage
WITHOUT WITH
AID AID Total Cost of
Ownership
53% | 83%
Well-defined
Brand
Value
Recognition
Propositions
29% | 81% Design
Flexibilit
y
115
YEARS Regions
Innovation Diversification &
Ve r t i c a l s

Differentiated Solutions Drive Customer Value
Before After
Panel Manufacturer Need:
 Save time
 Save space
Differentiations:
 Flexible
 Customizable solution
 Reduce total installed cost
 Safety & Reliability
Customer Results:
 Reduced installation time
 Less congestion in panel
 Improved panel performance

Rail Switch Heating
Stamped Bracing Systems Differentiated Conductors
Systems
CADDY ERICO ERIFLEX

Stamped Seismic Bracing Rail Switch Heating System FLEXIBAR ADVANCED
• Differentiating features: • Differentiating features: • Differentiating features:
− Reduce total installed cost − Safety & Reliability − Unique
− Ease of installation − Energy efficient − Safer
− Customized solutions − Flexible

EFS Financial Overview
Revenue ($M) ROS
$513 $541 +3-5% 28%

26% 26% 30-50 bps
$147
2015 2016 2017 2018 Outlook 2015 2016 2017 2018 Outlook
• Innovative new products & solutions

• Price / Cost
• Targeted vertical & regional focus
• Productivity and lean enterprise
• Strong brands with well defined value
• Simplicity
proposition
Profitable Growth with More Opportunity Ahead

Key Takeaways
 Our EFS segment is well positioned for sustained growth with
 Innovative solutions
 End-user focused applications
 Strong brands with well-defined value propositions
 We expect to grow by:

 Innovative new products and solutions
 Targeted vertical and regional focus
 Further enhanced customer experience
 We plan to expand margins by:

 Price/Cost, productivity, lean enterprise and simplicity
Sustained Profitable Growth

Investment Thesis & Financial Outlook
Stacy McMahan
Chief Financial Officer
• Expect Industry Growth

• Positive Macro Environment
• Highly Profitable Business with Sustained Margin Performance
• Consistent, Strong Cash Flow
• Disciplined Capital Allocation
An Attractive Long-Term Investment

Differentiated Growth
Organic:
• Favorable macro trends
• Differentiated opportunities in verticals
• New products and connected solutions
• Underpenetrated in certain global verticals
Inorganic:
• Attractive bolt-on targets in highly fragmented markets
Focus on Establishing Reliable Growth Profile

Favorable Margin Profile
2017 Adj. EBITDA Margin1 of Select Electrical
Peers
23.9% 23.7% 22.5%
Starting from a position of 21.0%
18.2%
competitive margin… 17.3% 17.3% 16.5%
Sales & Adjusted EBITDA Margin1

…with established margin
$2,116 $2,098 performance via:
$1,809
• Diversification
20% 21% 21% • Growth in new regions and new products
• MRO business mix
• Lean enterprise
2015 2016 2017
Sales Adj. EBITDA Margin
Note: Adjusted EBITDA Margin excludes the impact of non-cash amortization, certain acquisition related expenses, costs of restructuring activities, “mark-to-market” gain (loss) for pension and
other post-retirement plans, impairments, and other unusual non-operating items. ¹ 2017A adj. EBITDA margins for Littelfuse, nVent, and Hubbell, 2017E adj. EBITDA margins for Amphenol,
Legrand, Thermon, Eaton, and Schneider Electric based on IBES estimates. Hubbell not pro forma for the acquisition of Aclara.
A Clear Opportunity to Drive Margin Expansion
• Drive profitable growth

‒ Commercial excellence
‒ Pricing optimization
‒ Product vitality acceleration
• Expand lean enterprise

‒ Lean information flow
‒ Integrated supply chain
• Driving common processes and systems
Runway for Sustained Profitability Improvement

Strong Cash Flow Generation
Free Cash Flow1 Capital Expenditures

$334 $75
$251 $232 $47
3.5% $32
86% 115% 2.6%
109%
1.5%
2015 2016 2017 2015 2016 2017
Free Cash Flow % Adj. Net Income Capex % of Sales (%)
• Target free cash flow at 100% of • Low capital intensity

adjusted net income
• Expect capital expenditures to
• Drive working capital velocity equal depreciation
Consistent and Strong Free Cash Flow Generation

1.Free cash flow represents net cash provided by operating activities, less capital expenditures, plus proceeds from sale of property and equipment.
Conservative Capital Structure and Allocation Philosophy
• Target investment grade metrics
• Balanced capital deployment strategy
• Competitive dividend policy
• Share repurchases to offset dilution at a minimum
• Bolt-on acquisitions targeting focused growth areas
Committed and Disciplined

M&A Strategy
Key Considerations:
• How does the target fit nVent’s strategy?
• How compelling are the financials of the deal?
• Why are we the right buyer?
• What’s our integration plan?
• Who’s the integration team?
Example of Financial Targets:

• ROIC crosses cost of capital at 24 months
• Accretive at 12 months
Well Prepared to Execute

nVent Financial Overview
Revenue ($B) Segment Income ($M)
$2.12 +3-5% $401 $404 ~$420

$2.10
$1.81* $339*
2015 2016 2017 2018 Outlook 2015 2016 2017 2018 Outlook
Pro Forma Adjusted EPS Summary

$1.70-$1.80
$1.58 • Interest: $40M in • Sales expected to be up 3-5% on 2-4%
2017, ~30M in 2018
core sales growth
+~10% • Tax rate: 20% in • Segment Income growth, inclusive of
2017, ~18% in 2018 incremental growth investment
• Share count: 184M • Target free cash flow = Adj. Net Income
in 2017, ~183M in • Tax rate tailwind in 2018
2018
2017 2018 Outlook
Expecting Solid Top Line and Adjusted EPS Growth

*Includes 3 months from ERICO acquisition 92
2017 and 2018 Revenue Performance
2017 2018E
~$2.2B
$2.1B $12M $2.1B $2.1B
$1M ~$25M
$58M ~$15M
($89M) ~$40M
-0.9% +3-5%
YoY YoY
3 pts 0 pts (4 pts) 1 pts (1 pt) ~2 pts ~1 pts ~1 pts (1 pt)

Acq./
2016 Volume Price FX 2017 2017 Volume Price FX 2018E
Large Jobs
Summary Summary
Adjusted Core Sales Up ~3% Core Sales Up 2-4%

• Enclosures Up 2% • Enclosures Up 3-5%
• Thermal Management Up 4% • Thermal Management Up 0-2%
• EFS Up 2% • EFS Up 2-4%
Focused Initiatives Drive Growth in 2018

2017 and 2018 Segment Income Performance
2017 2018E
$401M $15M $2M $28M $404M ~$15M ~$5M $50M ~$420M
$404M
($42M) 1% ($55M) ~4%

YoY YoY
ROS ROS ROS Net of Growth Investment ROS

19% 19% 19% ~19%
(1 pt) (1 pt)
2016 Growth/ FX Inflation Prod. 2017 2017 Growth/ FX Inflation Prod. 2018E
Price/Acq. Price
Summary Summary
• Income up 1%, ROS +20 bps • Income up ~4%

• Price lagged inflation, positive exit rate • Flat ROS inclusive of growth investments
• Stabilizing productivity headwinds in • Expect Enclosures margin improvement
Enclosures in 2H 2018
Investing in Growth and Accelerating Productivity

94
2017 and 2018 Adjusted EPS and Free Cash Flow
Adjusted EPS Free Cash Flow
~$35M
~$.04 ~$.03 $1.70-$1.80
~$.08 ~$320M ~$0M ~$320M
$1.58 - Restructuring
(~$35M) - Taxes
+ Working
__Capital
+~10%
YoY
~5% ~2% ~3% (1 pt) (1 pt)
2017 Pro Segment 2018 Adj. 2018 Adj. Net Work Cap/
Interest Tax Rate Depreciation Capex 2018E
Forma EPS Income EPS Outlook Inc. Outlook Other
Summary Summary
• Interest expense dependent on final • Business is not capital intensive
capital structure
• Capex is ~2% of estimated 2018 sales
• Effective tax rate improves to ~18%,
down 2 points from 2017 rate • Target free cash flow to equal adjusted
net income
• Shares of ~183M
Expecting to Deliver Double Digit Adjusted EPS Growth

Full Year 2018 nVent Outlook
Enclosures Thermal EFS Total
Core Sales Up 3-5% Up 0-2% Up 2-4% Up 2-4%
ROS ~Flat +50-70bps +30-50bps ~Flat
Corporate Expenses ~$45M
Interest Expense ~$30M
Tax Rate ~18%
Adjusted EPS $1.70 - $1.80
Shares ~183M
Key Considerations
• FX sales benefit of ~1% • Capital expenditures ~2% of sales
• ROS inclusive of growth investments • Total D&A of ~$100M + ~$13M of non-
• Tax rate benefit of ~2% from tax cash stock compensation
reform
Stand Up nVent While Growing the Top Line and Investing in Growth

Long-Term Financial Outlook
Strong - GDP growth plus one or two points

Growth - EPS grows multiple points faster than sales
Disciplined - Competitive dividend policy

Capital - Repurchase shares to offset dilution
Allocation - Active and disciplined M&A program
Robust Cash - Free Cash Flow conversion at 100% of Adjusted Net Income
Generation - Best in class Working Capital management
Strong
-Target Investment grade metrics
Balance - Sustain prudent liquidity levels
Sheet

Investment Thesis
Mission-Critical
Solutions Maximize
Customer Efficiency
Conservative
Capital Structure Leading Industry
& Capital Positions, Brands
Allocation and Footprint
Philosophy
Value
Creation
Diversified Across
Strong Cash Flow Products, Verticals
Generation and Customers
Strong Financial
Profile and
Operational
Focus
Generate Shareholder Value with Leading Brands and a Competitive Playbook

10 Minute Break
Question & Answer Session
Thank You
nVent Leadership Bio’s
RANDALL J. HOGAN
CHAIRMAN | NVENT
Randall J. Hogan currently serves as Pentair’s Chairman and Chief Executive Officer and upon
the separation, he will serve as Chairman of nVent. Hogan was named Pentair’s Chief Executive
Officer in 2001 and was appointed Chairman in 2002. He first joined Pentair in 1998 as
Executive Vice President of the Enclosures Group. Prior to Pentair, Hogan was President of
United Technologies’ Carrier Transicold Division. He also held leadership roles at the Pratt &
Whitney division of United Technologies, General Electric, and McKinsey & Company. Hogan
serves as a Director of Medtronic plc where he is also a member of the Audit and Finance
Committees. Hogan holds an MBA from the University of Texas at Austin and a Bachelor of
Science degree in Civil Engineering from the Massachusetts Institute of Technology.

Future nVent Leadership Team Following Separation of the Electrical Business from Pentair
103
BETH A. WOZNIAK
CHIEF EXECUTIVE OFFICER | NVENT
Ms. Wozniak will be the Chief Executive Officer of nVent. She was named Pentair's Senior Vice
President and President of its Electrical segment in 2017. She previously served as President of
Pentair's Flow & Filtration Solutions global business unit, now a part of the Water segment.
Prior to joining Pentair in 2015, Ms. Wozniak held several leadership positions at Honeywell and
its predecessor AlliedSignal. She was most recently President of Honeywell’s Environmental and
Combustion Controls business. Previously, she held several executive positions at Honeywell
including President of its Sensing and Control business; Vice President of Business Integration;
Vice President of Six Sigma; and Vice President of Engineering and Program Management. Ms.
Wozniak holds a Bachelor of Engineering degree from McMaster University in Hamilton,
Ontario, Canada and an MBA from York University in Toronto.

104
STACY P. MCMAHAN
EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER | NVENT
Ms. McMahan will be the Executive Vice President and Chief Financial Officer of nVent.
Previously, Ms. McMahan was the Chief Financial Officer of The Spectranetics Corporation (a
developer and manufacturer of single-use medical devices) beginning in September 2015. Ms.
McMahan was the Senior Vice President, Chief Financial Officer and Treasurer of MSA Safety,
Inc. (a global industrial company protecting the health and safety of industrial workers) from
2013 – 2015 and the Senior Vice President, Finance of MSA Safety, Inc. from 2012 – 2013.
Previously, she served over 20 years in the life science industry, most recently as Vice President,
Finance for the Customer Channels Group of Thermo Fisher Scientific from 2011 to 2012 where
she directed the channel finance function supporting research, safety and healthcare customers
and suppliers. Ms. McMahan served over six years with the Johnson & Johnson family of
companies as the Vice President of Finance and Chief Financial Officer for Johnson & Johnson
Customer & Logistics Services and Johnson & Johnson Health Care Systems; the World Wide
Vice President of Finance and Chief Financial Officer for DePuy Orthopaedics; and Executive
Director of Finance for Ethicon Endo-Surgery. Ms. McMahan received a Bachelor of Science in
Finance from Oklahoma State University and an MBA from the Harvard Business School.

105
LYNNETTE R. HEATH
EXECUTIVE VICE PRESIDENT, CHIEF HUMAN RESOURCES OFFICER | NVENT
Ms. Heath will be the Executive Vice President and Chief Human Resource Officer of nVent. She
joined from Twin Cities based Entrust Datacard, where she served as Senior Vice President of
Global Human Resources since 2009. Previously, she served in HR roles at General Electric,
McKesson Corp, and Xcel Energy. Ms. Heath has a Bachelor of Arts degree in Political Science
from the University of Minnesota.

106
JON D. LAMMERS
EXECUTIVE VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY | NVENT
Mr. Lammers will be the Executive Vice President, General Counsel and Secretary of nVent. He
joined from Wichita based Foulston Siefkin LLP. Previously he served as Senior Vice President,
General Counsel and Secretary at Spirit AeroSystems in Wichita and held various senior legal
roles at Cargill in Minneapolis, Wichita and Singapore. Prior to his corporate experience, Jon
practiced law at Oppenheimer, Wolff & Donnelly and Paul Hastings. Mr. Lammers received his
law degree from the University of Virginia and his Bachelor of Science degree in Business
Administration from the University of Southern California.

107
BENJAMIN R. SOMMERNESS
EXECUTIVE VICE PRESIDENT, CHIEF GROWTH & STRATEGY OFFICER | NVENT
Mr. Sommerness will be the Executive Vice President, Chief Growth and Strategy Officer of
nVent. He joined from Twin Cities-based Smiths Medical, where he served as Vice President of
Global Strategy and Transformation since 2010. Previously, he served in leadership roles at the
Boston Consulting Group, Talmadge Consulting and G&K Services. A former Captain in the U.S.
Army, Sommerness earned an MBA in Finance at the Wharton School at the University of
Pennsylvania and a Bachelor of Science degree in Civil Engineering at the United States Military
Academy at West Point.

108
TOM F. PETTIT
EXECUTIVE VICE PRESIDENT, CHIEF INTEGRATED SUPPLY CHAIN OFFICER | NVENT
Mr. Pettit will be the Executive Vice President and Chief Integrated Supply Chain Officer of
nVent. He is currently the Operations and Supply Chain Vice President of Pentair and has served
in that role since 2015, and previously from 2008-2013. Earlier, Mr. Pettit previously served as
the Chief Operating Officer for BioScrip, Inc. (a provider of infusion and home care management
solutions) from 2014 – 2015, as the Senior Vice President and General Manager for Ryder
Supply Chain Solutions from 2013 – 2014 (a logistics company), and as the Vice President,
Finance and Global Supply Chain for ADC Telecommunications, Inc. from 2005 – 2008. He
worked for General Electric Company as a Sourcing Leader from 2002 – 2003 and then as a
Product General Manager from 2003 – 2005. Mr. Pettit held various consulting positions with
Towers Perrin General Management Services and McKinsey & Company, Inc. from 1995 –
2002. He began his career serving in the US Army as an officer in the Corps of Engineers. Mr.
Pettit has a BS from the United States Military Academy at West Point, and an MBA from the
University of Hawaii.

109
JOSEPH A. RUZYNSKI
PRESIDENT, ENCLOSURES | NVENT
Mr. Ruzynski will be the President of Enclosures at nVent. Mr. Ruzynski is currently the Vice
President of Pentair’s Enclosures Strategic Business Unit and has served in that role since
January 2017. Mr. Ruzynski previously served as Vice President of Pentair’s Engineered Projects
Strategic Business Group in its Valves & Controls Global Business Unit from 2016 – 2017 and
Vice President of Pentair’s Fluid Motion Business Group from 2015 – 2016. He was the Vice
President, Operations of Pentair’s Equipment Protection and Technical Solutions Global
Business Units from 2012 – 2014, and held various supply leadership positions with Pentair
from 2003 – 2012. Mr. Ruzynski was a Manager with Ernst & Young from 1997 – 2003. Mr.
Ruzynski holds a BA in Mathematics and Computer Science from St. John’s University and an
MBA from the Carlson School, University of Minnesota.

110
M. BRADLEY FAULCONER
PRESIDENT, THERMAL MANAGEMENT| NVENT
Mr. Faulconer will be the President of Thermal Management at nVent. Mr. Faulconer is
currently the Vice President of Pentair’s Thermal Management Strategic Business Unit of the
Electrical segment and has served in that role since January 2017. Mr. Faulconer previously
served as the Vice President of Pentair’s Thermal Building Solutions Unit from 2014 – 2016. He
was the Vice President, Marketing of Pentair’s Thermal Management Unit from 2010 – 2013.
Mr. Faulconer held various general management and marketing leadership roles with Tyco
Thermal Controls in the U.S. and Asia from 2001 – 2010. From 1991 – 2000, Mr. Faulconer held
various sales roles with Valquip Corporation. Mr. Faulconer holds a Bachelor of Science degree
in Civil Engineering from Villanova University.

111
ROBERT J. VAN DER KOLK

PRESIDENT, EFS | NVENT
Mr. van der Kolk will be President, EFS at nVent. He currently serves as Vice President / General
Manager of the Electrical Fastening Solutions Business (EFS), of Pentair, since September 2015.
Between September 2015 and May 2016 Robert was member of the team that oversaw the
integration of ERICO International Corporation into Pentair.
From January 1, 2012 to September 2015 Robert served as Executive Vice President, ERICO
Sales and member of the Executive Management Team of ERICO International Corporation.
From Jan 1, 2011 Robert served as Vice President LENTON Sales and member of the Executive
Management Team, prior to which Robert served as Vice President LENTON from 2008 to 2010.
From 2004 to 2008 Robert served as Director Development, from 2002 to 2004 as Director
Manufacturing Fixing and Fastening Business and in 2001 as Worldwide Manufacturing
Manager CRP & Electrical Business. Prior to joining ERICO, Robert was with Cargill as Plant
Superintendent in Mainz Germany from 2000 to 2001, Assistant Plant Superintendent in Riesa
Germany from 1998 to 2000 and Production Supervisor in Amsterdam, The Netherlands from
1993 to 1998. Mr. van der Kolk earned a B.S and M.S. in Mechanical Engineering from the
Technical University in Delft, Netherlands.

112
RANDOLPH A. WACKER
SENIOR VICE PRESIDENT & CHIEF ACCOUNTING OFFICER| NVENT
Mr. Wacker will be the Senior Vice President and Chief Accounting Officer of nVent. Currently,
Mr. Wacker is the Assistant Corporate Controller of Pentair plc beginning in October 2005.
Previously, Mr. Wacker was the U.S. Controller of Computer Network Technologies (a
specialized IT networking company) from 2004 – 2005. Previously, he served over 10 years in
corporate controlling and external reporting roles in various public companies. Mr. Wacker also
served over five years with the public accounting firm CliftonLarsonAllen (fka Larson Allen &
Weishair). Mr. Wacker holds a Bachelor of Science degree in Accounting from St. Cloud State
University.

113
J.C. WEIGELT
VICE PRESIDENT, INVESTOR RELATIONS | NVENT
J.C. Weigelt currently serves as Vice President, Investor Relations of Electrical and upon the
separation, he will serve as Vice President, Investor Relations for nVent. Mr. Weigelt joined
Pentair in 2017. Prior to Pentair, Mr. Weigelt served as Senior Director, Investor Relations and
Market Intelligence at St. Jude Medical. Mr. Weigelt holds a Master of Business Administration
degree in Finance from the University of St. Thomas and a Bachelor of Arts degree in Marketing
from Michigan State University.

114
Appendix
GAAP to Non-GAAP
Measurements & Reconciliations
Reported to Adjusted 2015-2018 Reconciliation
nVent Electric plc
Reconciliation of the GAAP year ended December 31, 2018, 2017, 2016 and 2015 to the non-GAAP
excluding the effect of 2018, 2017, 2016 and 2015 adjustments (Unaudited)
Actual Forecast
In millions 2015 2016 2017 2018
Total nVent
Net sales $ 1,809 $ 2,116 $ 2,098 approx $ 2,170
Net income 210 259 354 approx 270
Provision (benefit) for income taxes 56 56 (41) approx 59
Income before income taxes 266 315 313 approx 329
Interest expense 1 1 1 approx 30
Operating income 267 316 314 approx 359
% of net sales 15% 15% 15% approx 17%
Adjustments:
Restructuring and other 16 12 13 approx -
Pension and other post-retirement mark-to-market (gain) loss (13) 11 (3) approx -
Intangible amortization 32 61 61 approx 61
Trade name impairment - 13 16 approx -
Deal related costs and expenses 14 - - approx -
Inventory step-up 36 - - approx -
Separation costs - - 16 approx -
Corporate allocations (13) (12) (14) approx -
Segment income 339 401 404 approx 420
Return on sales 19% 19% 19% approx 19%
Depreciation 31 34 37 approx 36
EBITDA—as adjusted $ 370 $ 436 $ 440 approx $ 456
Adjusted EBITDA margin 20% 21% 21% approx 21%
Net income - pro forma adjusted

Segment income 339 401 404 approx 420
Interest expense - pro forma 46 63 40 approx 30
Income before income taxes - pro forma adjusted 293 338 364 approx 390
Adjusted effective tax rate 21% 20% 20% approx 18%
Provision for income taxes - pro forma adjusted 62 68 73 approx 70
Net income - pro forma adjusted $ 231 $ 270 $ 291 approx $ 320
Diluted earnings per ordinary share - pro forma adjusted

Diluted weighted average ordinary shares outstanding - pro forma 183 183 184 approx 183
Diluted earnings per ordinary share - pro forma $ 1.15 $ 1.42 $ 1.92 approx $1.43-$1.53
Adjustments:
Adjustments to operating income 72 85 90 approx 61
Adjustments to interest expense (45) (62) (39) approx -
Income tax adjustments (6) (12) (113) approx (11)
Diluted earnings per ordinary share - adjustments 0.11 0.06 (0.34) approx 0.27
Diluted earnings per ordinary share - pro forma adjusted $ 1.26 $ 1.48 $ 1.58 approx $1.70-$1.80

Reported to Adjusted 2015-2018 Reconciliation
nVent Electric plc

Reconciliation of the GAAP year ended December 31, 2018, 2017, 2016 and 2015 to the non-GAAP
excluding the effect of 2018, 2017, 2016 and 2015 adjustments (Unaudited)
Actual Forecast
In millions 2015 2016 2017 2018
Free Cash Flow

Net cash provided by (used for) operating activities - as reported $ 344 $ 364 $ 402 approx $ 385
Interest expense - pro forma 46 63 40 approx 30
Net cash provided by (used for) operating activities - pro forma adjusted 298 301 362 approx 355
Capital expenditures (47) (75) (32) approx (35)
Proceeds from sale of property and equipment 1 6 4 approx -
Free cash flow - pro forma adjusted $ 251 $ 232 $ 334 approx $ 320

Full Year 2017 and 2018 Core Sales Growth Reconciliation
nVent Electric plc

Reconciliation of Net Sales Growth to Core Net Sales Growth by Segment
for the years ended December 31, 2018 and 2017 (Unaudited)
2017 Net Sales Growth

Adjusted Core Large Jobs Core Currency Acq./Div. Total
nVent 2.8% (4.9%) (2.1%) 0.5% 0.7% (0.9%)
Enclosures 2.4% 0.2% —% 2.6%
Thermal13,
February Management
2018 nVent Investor Day 3.5% (14.8%) (11.3%) 1.2% —% (10.1%)
Electrical & Fastening Solutions 2.2% 0.5% 2.8% 5.5%
2018 Forecast Net Sales Growth

Core Currency Acq./Div. Total
nVent approx 2-4% 1% 0% 3-5%
Enclosures approx 3-5% 1% 0% 4-6%
Thermal Management approx 0-2% 1% 0% 1-3%
Electrical & Fastening Solutions approx 2-4% 1% 0% 3-5%

NVT Nvent Pentair Electrical 2018 Investor Day

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NVT Nvent Pentair Electrical 2018 Investor Day

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2018 nVent Investor and Analyst Day

New York City

Estimated Time Topic Speaker

February 13, 2018 nVent Investor Day 3

February 13, 2018 nVent Investor Day 4

February 13, 2018 nVent Investor Day 5

A Leading Global Water Treatment A High-Performance Electrical Company

2017 Revenue: ~$2.8B 2017 Revenue: ~$2.1B

Industry-Leading, Pure-Play Companies; Strong Brands & Financial Profiles

FINANCIAL STRENGTH CAPITAL ALLOCATION FLEXIBILITY

PIMS CAPITAL STRUCTURE MANAGEMENT TEAM

The Next Step in the Evolution of Pentair

February 13, 2018 nVent Investor Day 8

Erico Raychem Tracer Schroff Raychem & Tracer

1900s 1940s 1950s 1960s 1970s 1980s 1990s 2000s 2010s

Hoffman Caddy Schroff Hoffman Erico/Caddy

A Name that Reflects Our History and Our Future

February 13, 2018 nVent Investor Day 11

1996 2007 2017

4x Sales and nearly Doubled ROS…Profitable, Scaled Electrical Business

February 13, 2018 nVent Investor Day 12

 Industry-leading positions and strong brands ~$2.1B

Segments Verticals Geographies

26% 44% 12%

High Performance Electrical Company Focused on Connection & Protection

February 13, 2018 nVent Investor Day 13

We are a Leader in Connection and Protection

• A global leader in electric heat tracing solutions

• A global leader in complete heat management systems

• A global leader in electrical and fastening solutions

• A leader in North American industrial enclosures

• A leader in European electronic protection

Premier Brands Recognized for Innovation, Quality and Reliability

February 13, 2018 nVent Investor Day 14

Purge and Stainless Hazardous Rail Surge

Our Value and Differentiation Drive Customer Loyalty

STACY McMAHAN LYNNETTE HEATH JON LAMMERS BEN SOMMERNESS

New Leadership Team in Place

February 13, 2018 nVent Investor Day 16

Drive Productivity & Velocity

Pursue Targeted Bolt-on Acquisitions

February 13, 2018 nVent Investor Day 17

Technology & Electrification &

Demographic Safety & Security

Trends Drive use of More Electrical Products

February 13, 2018 nVent Investor Day 18

Customers Aligned Go to Market Teams for Key Verticals

Channels Key Partnerships and Account Management

Capability Commercial Excellence

Digital Digitizing the Customer Experience

Scale Common Processes & Systems

February 13, 2018 nVent Investor Day 19

Energy • MRO focus

February 13, 2018 nVent Investor Day 20

• Unique low-smoke, halogen- • Safe and reliable

Integrated Liquid Cooling Solutions Thermal Commercial Controller

• Differentiated air to water & • Advanced connected

Innovative and Connected Solutions Addressing Unmet Needs

February 13, 2018 nVent Investor Day 21

Global Footprint Supports Global Growth

February 13, 2018 nVent Investor Day 22

Our Solid Foundation Accelerating Performance

Lean Enterprise Lean Enterprise