PENTAIR OVERVIEW V: June 2014

PENTAIR OVERVIEW PRESENTATION

PENTAIR

PENTAIR AT A GLANCE

PENTAIR OVERVIEW 2

• Founded in 1966

• Headquartered in Manchester, United Kingdom with main US offices in

Minneapolis, Minnesota

• 37 consecutive years of increased annual dividends to shareholders

• Traded on the New York Stock Exchange since 1996 and publicly traded

since 1966

• Pentair and Tyco’s Flow Control business merged in September 2012

bringing two strong legacies together

PENTAIR

VALVES & CONTROLS

Designs, manufactures, markets, and services valves, fittings, automation and controls, and actuators for the energy and industrial verticals.

PROCESS TECHNOLOGIES

Designs, manufactures, markets, and services innovative water system products and solutions to meet filtration, separation, and fluid process management challenges in food and beverage, water, wastewater, swimming pools, and aquaculture applications.

FLOW TECHNOLOGIES

Designs, manufactures, and markets products and services designed for the transfer and flow of clean water, wastewater, and a variety of industrial applications.

TECHNICAL SOLUTIONS

Designs, manufactures, markets, and services products that guard and protect some of the world’s most sensitive electronics and electronic equipment, as well as heat management solutions designed to provide thermal protection to temperature sensitive fluid applications.

PENTAIR OVERVIEW 3

PENTAIR BUSINESS OVERVIEW (REPORTING SEGMENTS)

PENTAIR

PENTAIR TODAY: GLOBAL CAPABILITIES AND RESOURCES

4 PENTAIR 4

30,000 EMPLOYEES

6 CONTINENTS

1,000’s PRODUCT

LINES

100+ MANUFACTURING

FACILITIES

~ $8B ANNUAL REVENUE

~ 100 SERVICE CENTERS

PENTAIR OVERVIEW

PENTAIR

A GLOBAL ECONOMY DEMANDS GLOBAL PRESENCE

NEW DELHI

SÃO PAULO SINGAPORE

SHANGHAI

MOSCOW

HEADQUARTERS

REGIONAL HEADQUARTERS

BUSINESS UNIT OFFICES

LOCAL PRESENCE

DELEVAN, WI

SYDNEY

MINNEAPOLIS, MN

SWITZERLAND

DUBAI

PENTAIR OVERVIEW

SANFORD, NC

HOUSTON

5

MANCHESTER, UNITED KINGDOM

PENTAIR

• 140 Years of Experience

• 10,000 Employees

• 50+ Sales Offices

• 42 Manufacturing Sites

• 80 Service Centers

• 900 Patent Filings in Last 20 Years

• 900+ Technical Sales Staff

• 1,000+ Application and Customer Service Specialists

• Our Products

– Sizes Range from 1 Inch to 9 Feet in Diameter

– Weights from Ounces to Over 30 Tons

– Operate from -370 F to Over 1,100 F

– Are Installed on Every Continent on the Planet

Fasani Gate Valve • 23 Feet High & e31 Tons • Flare Line Isolation at

Petrochemical Plant

VALVES & CONTROLS FAST FACTS

V&C Offers Significant Experience in a Broad Array of Solutions 6

FCT Ball Valve • Subsea Pipeline Operation • 1,000 Feet Water Depth

WINNING THROUGH APPLICATION EXPERTISE

Leading Brands are Trusted for Critical Applications 7

• 75 Years of Experience

• The World’s First Supplier of Full Bore, Split Body Type Ball Valves

• Developed the Resilient Seated Butterfly Valve in 1951

• Provides Market Leading Cycle Life

• Started in 1874

• Trusted to Protect Nuclear Submarines and Commercial Nuclear Plants in the US and Across the World

• A Leading Supplier of Relief Valves with a Track Record of Product Innovations and Technical Breakthroughs to Solve the Toughest Application Challenges

ANDERSON GREENWOOD

CROSBY KEYSTONE

KTM

WINNING THROUGH APPLICATION EXPERTISE

Leading Brands are Trusted for Critical Applications 8

• Developed the Metal Seat Valve with “Zero Leakage”

• Used in Highly Challenging Isolation Applications

• Pioneer of the Dual Elastomer Sleeve Slurry Valve

• One of the Highest Quality and Most Technologically Advanced Slurry Valves on the Market

• 140 Years of Experience

• Deep Expertise in Power Plant Valve Applications for Both Nuclear and Conventional Fuels

• A Leading Actuator Manufacturer for Over 50 Years

• Wide Range of Standard and Custom Designed Automation Solutions

SEMPELL

BIFFI CLARKSON

VANESSA

RENEWED PRODUCT INNOVATION

Pentair Valves are Innovative 9

Keystone GR Series Butterfly Valves are More Durable • Independent Lab Testing Verifies Cycle Life of 2.5X Our

Nearest Competitor • Sizes Ranging from 2” – 72” and 1,000+ Trim Configurations

Vonk Choke Valves Last Longer • Unique Rotating Disc Technology Provides 3X Longer Cycle Life than

Competing Products • Customer Field Testing in Shale Gas Applications have Shown 4X Longer

Cycle Life Leading to Lower Maintenance Costs

ZP Knife Gate Valve Solves Customer Problem • Canadian Oil Sands Customer was Replacing Knife Gate Valves Every 6 Weeks • Pentair Used Computational Fluid Dynamics to Determine Root Cause of

Wear and Designed a New Valve • Redesigned Valve now Lasts 2 years—17X Longer than Competing Valve

RENEWED PRODUCT INNOVATION

Pentair Valves are Innovative 10

Narvik CircTemp Desuperheater Perform More Effectively • Optimized for Supercritical Boilers Operating at 1,100 F and to Withstand

2,000 Cycles Annually • Independent Lab Testing Verifies a 50% Reduction in Evaporation Rates

Leading to Shorter Pipe Distances, Saving Installation, and Operating Costs

Keystone CompoSeal Butterfly Valves are More Environmentally Friendly • Patented Composite Two Piece Housing can Operate at 10 Bar and 250 F,

Giving a Light Weight Alternative to Metal Body Valves • 70% Lower Carbon Foot Print Compared to an Ordinary Butterfly Valve

with Fully Recyclable Material

Vanessa Triple Offset Valves Give Best Isolation • First Triple Offset Valve with True Zero Leakage Performance • The Preferred Triple Offset Valve in Cryogenic Applications • Over $500 Million in Project Wins in Last 5 Years

RENEWED PRODUCT INNOVATION

Pentair Valves are Innovative 11

Wellbond High Pressure Globe Valve is Easily Repaired • Design-for-Maintenance Approach Offers Fastest and Lowest Cost In-Line Repair vs. others • Typical Plant with 100 Valves may see up to $1M in Life Cycle Savings

Clarkson Slurry Knife Gate Valves provide more process uptime • Patented Sleeve Design Resists Jamming and Provides Bubble Tight Shut Off for Slurry

Flows • Field Replaceable Sleeves Reduce Repair Time and Increase Operating Up-Time

Biffi OLGAS Hydraulic Actuator Provides Record Operating Time • Designed for Operation in High-Integrity Pressure Protection Systems (HIPPS) to

Prevent Over-Pressurization • Unique Design Allows for Record Closing Time While Preventing Impact Damage to the

Valve

VAREC TANK VENT VALVES

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CONVENTIONAL PRV

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NON-FLOWING POP ACTION POPRV (CLOSED)

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100%

Set

100%

Set

Blowdown Seat

Relief Seat

NON-FLOWING POP ACTION POPRV (RELIEVING)

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100%

Set

100%

Set 0%

Relief Seat

Blowdown Seat

NON-FLOWING POP ACTION POPRV (RE-CLOSED)

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100%

Set

100%

Set

Blowdown Seat

Relief Seat

PENTAIR

1

2

3

Triple Offset + Resiliency

Non rubbing rotation

30,000 Series

PENTAIR PENTAIR OVERVIEW 18

TRADITIONAL CHOKE VALVE

• Seat is in media

• Vibration

• Changing Cv

• Poor Control

• Not easily repairable

• Short life

Copyright © 2010 Tyco Flow Control. All Rights Reserved 19

Bean

Front Disc

Turning Fork

Protecting Bush

Rotating disc design

guarantees a tight

shut off Class V

Turning Fork

Front Disc

Protecting Bush

Bean

Tungsten Carbide bean

prevents cavitation and

erosion of the outlet

Spring loaded design

guarantees vibration

free service

Product Program

VONK design

Rotating disc

design guarantees

excellent control

Copyright © 2010 Tyco Flow Control. All Rights Reserved 20

Seat never in contact with medium

Seat-tightness to ANSI Class V or VI

Minimises cavitation problems

Exhibits low noise

Excellent control

Guaranteed fixed Cv value

Repairable internals

Vibration resistance

Easy maintenance design

Rotating Disc Principle

Product range

General features