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Forward-Looking Statement and Key Definitions

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," "forecasts," "should," "would," "positioned," "strategy," "future," "are confident," 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 adverse effects on our business operations or financial results, including due to the impact of the COVID-19 pandemic and potential impairment of goodwill and trade names; overall global economic and business conditions impacting our business; 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, including the impacts of tariffs; 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; inability to mitigate material and other cost inflation; risks related to the availability of, and cost inflation in, supply chain inputs, including labor, raw materials, commodities, packaging and transportation; increased risks associated with operating foreign businesses including risks associated with the conflict between Russia and Ukraine and related sanctions; 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 Securities and Exchange Commission, including nVent's Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. 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.

Key Definitions and Notes

Except as otherwise noted all references to 2022 and 2021 represent our results for the period indicated, presented on an adjusted basis. "Organic Sales" refers to GAAP revenue 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. "Segment Income" represents Operating Income exclusive of non- cash intangible amortization, certain acquisition related costs, costs of restructuring activities, impairments and other unusual non-operating items. Return on Sales ("ROS") equals Segment Income divided by Sales.

Key Messages

• ▪ Record Q1 sales of $695M, up 27%; strong adjusted EPS of $0.50, up 16%

• ▪ Broad-based sales and orders growth across all segments

• ▪ Continued strong execution in challenging inflationary and supply chain environment

• ▪ Raising full-year sales and adjusted EPS guidance

Strong start to 2022

Q1 2022 Summary

• ▪ Sales of $695 million, up 27% and 24% organically

• ▪ Segment income of $110 million, up 13%; ROS of 15.9%, down 180 bps

  Q1 2022

• ▪ Adjusted EPS of $0.50, up 16%

• ▪ Free cash flow usage of $3 million, in line with expectations

Q1 Highlights

• ▪ Broad-based growth, >20% organic sales growth in all segments

• ▪ Strong volume up 13 points and price contribution of 11 points

• ▪ New product sales contributed ~2 points to growth

• ▪ Orders outpaced sales with backlog up double-digits

2022 Outlook

• ▪ Raising full-year sales and adjusted EPS guidance

• ▪ Expecting strong performance from digital initiatives, vertical focus and the electrification of everything

• ▪ Managing price/cost to help offset greater inflation than previously forecasted

• ▪ Expecting strong full-year free cash flow

Results above expectations and raising full-year guidance

Q1 '22 Earnings Presentation

Q1 2022 nVent Performance

Financial Highlights (YoY)

• ▪ Sales up 27%, organically up 24%

  - Volume added 13 points and price added 11 points to growth

  -

  Acquisitions added 5 points

• ▪ Price nearly offset total inflation

• ▪ Segment income up 13%

  • - Strong contribution from sales growth

  • - Inflation and supply chain challenges greater than anticipated

  • - >100bps headwind from prior year corporate cost comparison

• ▪ Adjusted EPS of $0.50

• ▪ Free cash flow usage of $3M

• ▪ Other items

  • - Adjusted tax rate of ~17.5%

  • - Net interest expense of ~$7M

  • - Shares of ~168M

Q1 '22 Earnings Presentation *Non-cash amortization