Q4 AND FULL YEAR 2021 EARNINGS PRESENTATION

Emerson Q4 Earnings Conference Call

November 3, 2021

Safe Harbor Statement

Statements in this presentation and our commentary and responses to questions that are not strictly historical may be "forward-looking" statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include the Company's ability to successfully complete on the terms and conditions

contemplated, and the financial impact of, the proposed AspenTech transaction, the scope, duration and ultimate impact of the COVID- 19 pandemic, as well as economic and currency conditions, market demand, including related to the pandemic and oil and gas price declines and volatility, pricing, protection of intellectual property, cybersecurity, tariffs, competitive and technological factors, among others, as set forth in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the SEC. The outlook

contained herein represents the Company's expectations for its consolidated results, excluding the expected AspenTech transaction.

Non-GAAP Measures

In this call we will discuss some non-GAAP measures (denoted with *) in talking about our company's performance, and the

reconciliation of those measures to the most comparable GAAP measures is contained within this presentation or available at our website www.Emerson.comunder Investors.

2

Announcing EMERSON VENTURES

Emerson Ventures invests in early-stage companies with innovative technologies that complement our growth strategies

$100 million

over next five years for initial and follow- on investments

GREENING WITH Emerson

INVESTMENT FOCUS

Emerson's Chief Sustainability Officer, Mike

Train, will be a panelist in the upcoming 2021

United Nations Climate Change

Conference (COP26)

DISCRETE	INDUSTRIAL	ENVIRONMENTAL
AUTOMATION	SOFTWARE	SUSTAINABILITY

3

Emerson and AspenTech Announced on October 11, 2021, the Agreement to Create a High-Performance Industrial Software Leader

Accelerates and unlocks value of Emerson's software strategy and builds a

higher growth, more diversified and sustainable portfolio

		VALUE CREATION FOR EMERSON OVER TIME ($B)
						~$9-$11	100% of ~$600M
						~$0.6
						Emerson Synergies
	$8.5				Own 100% of	~$1.3	55% of ~$2.4B New
		Own 55% of New		Emerson		AspenTech Synergies
OSI Inc. and		Own 55% of New	AspenTech		Synergies
Geological		Synergies		Build on existing
$2.5	AspenTech	✓
Simulation
✓More valuable	✓Tangible	installed base
Software		opportunities	✓	Expand strategic
		company
		✓Complementary	alliance		55% of New AspenTech
		✓Higher growth	~$7.3-$9.1
		products			Before Synergies @
		and margins
		than peers	✓Track record of				~27-34x Multiple1
Cash	$6.0	✓Organic and	working together
		inorganic
		runway
Today's Investment					Illustrative Future
						Value to Emerson

VALUE DRIVERS

1. Optimize performance	2.	Access to	3. Platform with strong
of contributed assets		complementary portfolio	equity currency to
as part of a pure-play		that enables significant	pursue diverse
software company		growth opportunities	opportunity set

Next Steps and Current Activities to Get to Close

• Customary regulatory approvals
• Effectiveness of registration statement on Form S-4
• AspenTech shareholder approval

1Represents range of average of peer median multiple over last 3 years (27x) to current peer median multiple (34x);	4
peers include ANSYS, Autodesk, AVEVA, Bentley Systems, Dassault Systemes and PTC; market data as of 06-Oct-2021

Q4 and Full Year

2021 Results