GRACO : 4th QUARTER 2023 INVESTOR PRESENTATION

INVESTOR PRESENTATION

Fourth Quarter and Full Year 2023

SAFE HARBOR

Today's presentation includes forward-looking statements that reflect management's current expectations about the Company's future business and financial performance.

These statements are subject to certain risks and uncertainties that could cause actual results to differ from anticipated results.

Factors that could cause actual results to differ from anticipated results are identified in Item 1A of the Company's Form 10-K, and Item 1A of the most recent Quarterly Report on

Form 10-Q and also the Company's Earnings Release dated January 29, 2024.

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DISTRIBUTION OF GLOBAL SALES

WORLDWIDE

61%

$2,196M

Full Year 2023

21%	18%

45%

30%	25%

AMERICAS

EMEA

ASIA PACIFIC

CONTRACTOR

INDUSTRIAL

PROCESS

AMERICASEMEAASIA PACIFIC

54%
	45%	49%
39%

32%

	26%
20%			16%	19%

CONTRACTOR

INDUSTRIAL

PROCESS

CONTRACTOR

INDUSTRIAL

PROCESS

CONTRACTOR

INDUSTRIAL

PROCESS

3

2023 NET SALES BY END MARKET

1% Wood	1% White Goods
	2% Mining

3% Oil & Natural Gas

3% Public Works

4% Vehicle Services

4% Electronics

45%9%

Construction

Other

10%

Automotive

18%

Industrial & Machinery

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TRUSTED SOLUTIONS TO KEEP JOBS MOVING & FLUIDS PUMPING

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DIVERSIFIED FLUID HANDLING BUSINESS

NICHE

DIFFICULT APPLICATIONS; CORROSIVE, VISCOUS, HARD-TO-MOVE MATERIALS

6.5%

ORGANIC REVENUE CAGR*

~40%

OF REVENUE IS PARTS

AND ACCESSORIES

*20-year average, constant currency

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HIGH CUSTOMER VALUE,

STRONG PRODUCT DIFFERENTIATION

BEST IN CLASS	MATERIAL SUPPLIER	NICHE	STRONG CHANNEL		CUSTOMER ROI
DELIVERY	RELATIONSHIPS	MARKETS	PARTNERS		LOWEST TOTAL COST
					OF OWNERSHIP
LEADING	STRINGENT	BEST IN	END USER
NEW PRODUCT	PRODUCT	CLASS QUALITY	INTERACTION
INVESTMENT	REQUIREMENTS

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GROWTH PLANS AND EARNINGS DRIVERS

STRATEGIC INITIATIVES

• New Product Development
• New Markets
• Global Expansion
• End-userConversion
• Acquisitions

12%+

10%

Targeted Revenue CAGR

Targeted Earnings CAGR

Through a cycle

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LOW VOLUME, HIGH MIX DELIVERS CUSTOMER ROI

Average Number	Number of SKUs	2023 Sales
of Units Sold Per Day	($ in millions)
0	- 1	56,900	93%	$1,144	52%
2	- 5	2,500	4%	$ 300	14%
6	- 10	800	1%	$ 172	8%
11 - 15	300	1%	$ 75	3%
Greater than 15	700	1%	$ 505	23%
Graco 2023 Sales	61,200		$2,196

HIGHLY-VALUED

PRODUCTS AT LOW VOLUMES

52%

of our revenue

comes from products

that we sell

ZERO TO ONE

PER DAY

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GROWTH PLANS AND

EARNINGS DRIVERS

12%+

Acquisitions 9-10%

3-4%

Strategic

Initiatives 5-7%

1-2%

Price

1-2%

3%

Industrial Production	Targeted Organic	Targeted Revenue	Targeted Earnings
Average Growth Rate	CAGR	CAGR	CAGR
		Through a cycle

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