Driving differentiated performance with purpose 2024 Annual Report Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to Making Life Better for our employees, customers, shareholders, and planet. (ustomers lean on us for e]ceptional performance and durability in missioncritical ܫow creation and life science and industrial solutions. Supported by over 80+ respected brands, our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity, and efܪciency. +or more information, visit www.IRCO.com. 01 Contents Introduction 02 Letter to Shareholders 03 2024 in Numbers 07 Economic Growth Engine 08 A Commitment to Ownership 09 Segment Overviews 11 Strategy in Action: Deploy Talent 13 Strategy in Action: Accelerate Growth 14 Strategy in Action: Lead Sustainably 15 Strategy in Action: Expand Margins 16 Strategy in Action: Allocate Capital Effectively 17 Top End Markets 18 Leadership 19 2024 Annual Report on +orm 00 Reconciliation of GAAP Measures to Non-GAAP Measures Annex A Corporate Information Back Cover Ingersoll Rand is a global leader in the RanZKactZring oK Rissioncritical ܫo\ creation products and life science and industrial solutions, operating under 80+ brands. Our success is made possible by our 21,000+ employees (and counting. 5o\ered by an o\nership mindset and more than 160 years of expertise, \eѣre driving differentiated performance \ith purpose. Our Purpose Lean on us to help you make life better is deeply embedded in all that we do. We wake up each and every day with the goal of Making Life Better for our employees, our customers, our shareholders, and our planet. Ingersoll Rand 2024 Annual Report 02 For our Employees For our Customers For our Shareholders For our Planet Introduction 03 Letter to Shareholders Driving performance Dear Shareholders, As I look back on 2024, we saw another highly successful year, delivering double-digit earnings growth which exceeded our initial guidance. Despite the dynamic global market environment, we saw mid-single digit revenue growth, expanded adOusted EBITDA margins by 0 basis points, and delivered a high-teens +ree Cash +low Margin. Vicente Reynal Chairman and Chief Executive Ofܪcer Additionally, we grew recurring revenue to over $300 million and are well on our way towards achieving our aggressive target of $ billion by 202 . We continue to make investments to drive organic growth, resulting in high-single digit organic order growth and mid-single digit revenue growth in our underpenetrated markets.2 Our capital allocation strategy remains unchanged, and we continue to prioritize capital towards mergers and acVuisitions (M A). In 2024, we closed on 8 acquisitions which are expected to deliver approximately $625 million in annualized revenue. Our M&A funnel remains strong, consistent with our bolt-on acquisition strategy that yields a strong return on invested capital (ROIC). We will continue to execute against our acquisition playbook, expanding our ecosystem of mission-critical ܫow creation technology. We continue to execute with differentiated performance through our Economic Growth Engine, which is the set of actions and priorities we utilize to compound value and drive long-term value for our company. The combination of key growth enablers with our unique ownership mindset and Ingersoll Rand Execution Excellence (IRX)TM continues to deliver long-term ܪnancial durability. Non-GAAP measure. 2 :nderpenetrated markets deܪned as Latin America, the Middle East, India, and Asia Paciܪc excluding China. ely n nce et of and ation RX)TM Our people remain a critical element of our success. We have built a culture that encourages problem solving and fosters a sense of belonging among employees. It is truly a privilege to lead this team as we continue to solidify our position as a premier growth compounder. Guided by our purpose of Making Life Better, we continue to demonstrate durable ܪnancial performance, favorable growth, and execution excellence. Ingersoll Rand 2024 Annual Report 04 18 Acquisitions 21,000+ Employees across the globe Employee satisfaction ranks in the top 0th percentile among manufacturing companies3 ~$1B The approximate value of O\nership 1,000 employees per U.S. Bureau of Labor Statistics (2021). 27 Receipt of an S&P Global ESG Score does not represent a sponsorship, endorsement or recommendation on the part of S&P Global to buy, sell or hold any security, and a decision to invest in any subject company should not be made based on the receipt of any such note. S&P, S&P Global, and the S&P Global logo are trademarks of S&P Global Inc. or its subsidiaries, registered in many jurisdictions worldwide. 28 As of November 2024, Ingersoll Rand received an ESG Risk Rating of 10.2 from Morningstar Sustainalytics, ranking it first in the Machinery industry group, which places it in the 1st percentile for its industry. This risk rating also places Ingersoll Rand in the top 3% of all companies rated by Morningstar Sustainalytics. This risk rating is based on information and data developed by Sustainalytics and is proprietary to Sustainalytics and/or its third-party suppliers and is provided for informational purposes only. The risk rating does not constitute an endorsement of any product or project, nor an investment advice and the information upon which it is based is not warranted to be complete, timely, accurate or suitable for a particular purpose. The use of the risk rating is subject to conditions available at: https://sustainalytics.com/legal-disclaimers. In no event shall this risk rating be construed as investment advice or expert opinion as defined by any applicable legislation or otherwise. We have a proven track record as an industry leader in sustainability. Leading sustainably means both growing and operating sustainably. Growing sustainably refers to developing intrinsically sustainable products and services and supporting customers in high-growth, sustainable markets. With a focus on improving efficiency, circularity, and safety, we employ a Design for Sustainability (DfS) process for all new product development. More than 65% of our current product portfolio includes products with sustainable attributes.25 Additionally, we continue to expand our presence in the life sciences, clean energy, food, and water end markets. As of December 2024, we have 59 green energy sites and 90 sites that have achieved zero waste to landfill since 2020. Operating sustainably also means taking care of our employees. We prioritize employee safety as an important aspect of our culture, holding our first annual company-wide Safety Day in 2024. Our Total Recordable Incident Rate is world class and 72% better than the industrial machinery manufacturing average.26 Our sustainability program has achieved remarkable success and acknowledgement by the top sustainability ratings providers. We were included on the Dow Jones Best-in-Class Indices (formerly the Dow Jones Sustainability Indices) for the third year in a row based on our score on the 2024 S&P Global Corporate Sustainability Assessment.27 For the second year in a row, we were named to CDP’s "A List" for our commitment to global environmental leadership. Additionally, we maintained our low-risk rating from Sustainalytics, with a top 1% performance in our industry and top 3% among all rated companies.28 Lead Sustainably Awards won Ingersoll Rand 2024 Annual Report 16 Expand Margins 2 Non-GAAP measure (deܪnitions andor reconciliations in Annex A). 30 Management estimates. In 2024, we achieved ܪve percent total revenue growth with incremental margins above 60 . Through solid execution on productivity initiatives like innovate to ;alue (i2;) across our approximately 00 manufacturing facilities, and integration of acquired businesses, we were able to deliver Adjusted EPS growth, including a 0 basis points year-over- year expansion in Adjusted EBITDA margin.2 The key catalyst is IRX, which serves as a common language for execution across the business, allowing us to be nimble, better serve our customers, and expand margins. Our weekly Impact Daily Management (IDM) process helps us to prioritize areas of focus through 00-day sprints. In 2024, more than ,500 employees participated in one or more IDMs each week.30 Revenue growth 5% Adj. EPS growth 11% 2 Gross margin 43.8% up 190 points YoY 2argin expansion 17 Strategy in Action 2ap of 2024 acquisitions Rotodel Our capital allocation strategy remains unchanged as our top focus continues to be driving long-term shareholder value creation through mergers and acquisitions (M&A). We invested approximately $3 billion in new acquisitions in 2024 and signiܪcantly outpaced our commitment of 400 to 500 basis points of annualized revenue growth from M&A. The execution of 8 acquisitions expected to deliver approximately $625 million of annualized incremental revenue.3 Allocate Capital Effectively Our acquisition of ILC Dover in 2024 led to the establishment of the Life Science Technologies platform within our Precision and Science Technologies (P&ST) segment. The transaction has added new technologies for life science applications, expanded our addressable market by more than $0 billion, and increased access for our existing life sciences solutions. Additionally, we returned $2 3 million to shareholders through share repurchases and dividends. We continue to strengthen our balance sheet and optimize our capital structure. In May 2024, we were upgraded one notch by all three rating agencies, with ratings of BBBBBBBaa2 from S&P, +itch, and Moody’s, respectively. 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