BAIRD

GLOBAL

INDUSTRIAL

CONFERENCE

November 2017

Todd Adams – President & CEO

Mark Peterson – SVP & CFO

2

SAFE HARBOR STATEMENTS

This presentation contains “forward-looking” statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever

materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking

statements. Accordingly, we caution you not to place undue reliance on these statements. All statements other than statements of historical

fact could be deemed forward-looking, including, but not limited to, any projections of financial information; any statements about historical

results that may suggest trends for our business; any statements of the plans, strategies and objectives of management for future

operations; any statements of expectation or belief regarding future events, technology developments or enforceability of our intellectual

property rights; and any statements of assumptions underlying any of the foregoing.

These statements are based on estimates and information available to us at the time of this presentation and are not guarantees of future

performance. Actual results could differ materially from our current expectations as a result of many factors, including but not limited to: the

impact of our substantial indebtedness; the effect of local, national and international economic, credit and capital market conditions on the

economy in general, and on the industries in which we operate in particular; access to available and reasonable financing on a timely basis

and the availability of financing for our customers; our competitive environment; dependence on independent distributors; general economic

and business conditions, market factors and our dependence on customers in cyclical industries; the seasonality of our sales; impact of

weather on the demand for our products; changes in technology and manufacturing techniques; loss of key personnel; increases in cost of

our raw materials and our possible inability to increase product prices to offset such increases; the loss of any significant customer; inability

to make necessary capital expenditures; risks associated with international operations, which have increased in size due to our recent

acquisitions; the costs of environmental compliance and/or the imposition of liabilities under environmental, health and safety laws and

regulations; the costs of asbestos claims; a potential impairment of goodwill and intangible assets; changes in governmental laws and

regulations, or the interpretation or enforcement thereof, including for environmental matters; viability of key suppliers; reliance on

intellectual property; potential product liability claims; work stoppages by unionized employees; the costs related to strategic acquisitions or

divestitures or the integration of recent and future acquisitions into our business; performance, and potential failure, of our information and

data security systems; changes in pension funding requirements and costs of maintaining healthcare insurance and benefits; and anti-

takeover provisions in our charter documents. These and other risks and uncertainties associated with our business are described in our

Annual Report on Form 10-K for the year ended March 31, 2017. We assume no obligation and do not intend to update these forward-

looking statements.

In addition to U.S. GAAP financials, this presentation includes certain financial measures on a non-GAAP basis as defined in the Form 8-K filed

with the Securities and Exchange Commission on November 1, 2017. These historical and forward-looking non-GAAP measures are in

addition to, not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP. Our SEC filings

contain additional information about these non-GAAP measures, why we use them, and why we believe they are helpful to investors, and

contain reconciliations to GAAP data.

REXNORD OVERVIEW

3

PROCESS & MOTION CONTROL

Be the leading global provider of

high-value, mission-critical solutions

that help customers

safely, reliably and productively

keep their goods and assets moving

WATER MANAGEMENT

We aspire to provide the safest

and most efficient water solutions

to protect human health

and the environment

Multi-Platform Industrial • Engineered Products for Specification-Driven Applications

FY17 Revenue: $1.9 billion • Adjusted EBITDA: $347 million • FCF: $141 million(1)

FY17 Revenue: $1.1 billion

FY17 Adjusted EBITDA Margin: 21%

FY17 Revenue: $0.8 billion

FY17 Adjusted EBITDA Margin: 18%

Note: Platform margins exclude corporate expenses. FYE March 31. FCF, Adjusted EBITDA are non-GAAP measures and are defined in our SEC filings.

(1) FY17 Free Cash Flow includes $42 million investment in Supply Chain Optimization & Footprint Repositioning initiatives.

WE ADVANCE THE EFFICIENT USE OF RESOURCES THROUGH

SMARTER SOLUTIONS.

5

REXNORD STRATEGIC PROFILE

• Mission-Critical Components• Trusted Applications Expertise• High Like-for-Like Specification• World-Class Quality & Service• REXNORD BUSINESS SYSTEM

• Large Process & Aero Installed Base

• Premium Mechanical Components

• MRO Focus• Strong MPT

Distribution Network• Strong Brand

Recognition

• Large Consumer Goods Installed Base

• Premium Tech-Enabled Productivity Solutions

• First-Fit Focus• Expanded Channels to

Market• Digital Customer

Experience

AN

D

• Industry/Customer Centric

• Innovation Leadership

• Optimized Supply Chain &

Footprint

• Passionate & Challenged

Associates

• Balanced Growth Across

Market Cycles

• Top-Quartile Profitability

• Top-Quartile ROIC

• FCF Conversion > 100%

• Mission-Critical Components• Trusted Applications Expertise• High Like-for-Like Specification• World-Class Quality & Service• REXNORD BUSINESS SYSTEM

• High Institutional Specification Rate

• Premium Plumbing Components

• New Construction Focus

• Strong Independent Rep Network

• Strong Brand Recognition

AN

D• Growing Content per

Square Foot• Premium Tech-Enabled

Water Solutions• Replacement & Retrofit

Focus• Expanded Channels to

Market• Digital Customer

Experience

Amplify Our Core Attributes

Amplify Our Core Attributes

Compound Our Focus

Compound Our Focus

PROCESS & MOTION CONTROL

WATER MANAGEMENT

TARGET

PROFILE

Compete for Customers, Associates, Investors

6

WATER MANAGEMENT UPDATE

Sundara + World Dryer

Expands washroom content

Single-source handwashing systems

Simplifies & speeds installation

EZ1 Time Saving Drain

Allows for post-pour adjustment

Includes onboard tilt accessory package

Average time to install is ~90% less than standard

Expansion PEX System

Designed for ease of installation

Proprietary higher-strength pipe & fittings

Accommodates both expansion & crimp systems

7

PMC DiRXN (“DIRECTION”) UPDATE

• Favorable market reception / broad interest

• 85% of products now configurable online

• >25,000 order quotations though e-Commerce site

• Initial deliveries of connected products demonstrating ability to improve user productivity

• KPIs tracking toward FY18 objectives

“ . . . including mean time between failure (MTBF) and mean time to replace (MTTR), as well as overall equipment effectiveness. These are key performance indicators that DiRXN can positively impact.”

“ . . . to Rexnord’s product portal, designed to reduce downtime caused by bearing failure in the gearbox. Wave after wave of applications continues to advance, each one more innovative and unique than the previous one. The opportunities seem limitless. And standing idly by won’t end well.”

ISA-95

Off-Siteor

On-Premise

Plantor

Enterprise

Cloud-Based Analytics

DATA IS ENABLER OF IIoT OPPORTUNITY

Enterprise Resource Planning (ERP)

Manufacturing Execution Systems (MES)

Human Machine Interface, SCADA, Batch Systems

PLC, DCS, Packaged Systems

Devices & Sensors

BUSINESS INFORMATION NETWORK

OPERATIONS INFORMATION NETWORK

DEVICE NETWORKS

AUTOMATION NETWORK

8

Modernize and simplify the flow of critical contextual information from Rexnord

devices to on-site personnel, plant control systems, and

cloud-based software

Maintenance Technician

Excessive

vibration ?Inspect

shaft

alignment !

CONTEXT IS THE DIFFERENTIATOR

Deep institutional

product knowledge & applications

expertise

Component on-board data

analysis & computation

Precise data:

* Component status

* Pending issues

* Root causes

* Corrective actions

Improved asset

utilization & system

productivity

9

10

GUIDED BY VOICE OF THE CUSTOMER

Scheider Electric Blog – “Six IIoT Technology Trends to Watch in 2017”

“Key to this growing IIoT infrastructure are edge devices . . . close to industrial processes or production assets.

They can also run analytics, detecting anomalies in real time, and raising alarms so operators or controllers can take

appropriate actions. Moving analytics to the edge of the network. . . can help improve . . . production yields.”

11

CASH FLOW & BALANCE SHEET UPDATE

(1) Net Debt Leverage is defined as the ratio of total debt less cash to pro forma LTM Adjusted EBITDA.

(2) Free Cash Flow is defined as Cash from Operations less Capital Expenditures, and is a Non-GAAP measure defined, reconciled, and discussed in the earnings release included in

the Form 8-K filed with the Securities and Exchange Commission on August 2, 2017.

Debt Reduction

Debt reduction has been historically the primary use of free cash flow

Target to operate with Net Debt / Adjusted EBITDA ratio of 2.5x - 3.0x

Strategic Acquisitions

Strategic process focused on accelerating penetration of adjacent product categories, targeted verticals

Proprietary process benefits both buyer and seller • target ROIC > WACC within 12-36 months

3.7x 3.7x

3.8x

3.1x

3.0x2.9x

2.5x

3.0x

3.5x

4.0x

31-Mar-14 31-Mar-15 31-Mar-16 31-Mar-17 30-Jun-17 30-Sep-17

Net Debt Leverage Ratio (1)

139

197167

141

3045

(50)

0

50

100

150

200

250

FY14 FY15 FY16 FY17 6 Mos FY17 6 Mos FY18

Free Cash Flow ($ millions) (2)

Solving Smarter

APPENDIX

14

PROCESS & MOTION CONTROL PLATFORM

Vision

Be the leading global provider of high value, mission-critical solutions that help

customers safely, reliably, and productively keep their goods and assets moving

Target

$25-billion global market opportunity

PMC Adjusted EBITDA & Margin ($mm)

25.1% 25.9% 25.0% 21.3% 20.7%0

100

200

300

400

FY13 FY14 FY15 FY16 FY17

Discont Ops

PMC - Continuing

PMC Revenue ($mm)

source: Company reports, Rexnord estimates.

0

200

400

600

800

1,000

1,200

1,400

1,600

FY13 FY14 FY15 FY16 FY17

Discont Ops

PMC - Continuing

General Industrial

& Misc Process

32%

Food & Beverage

20%

Aerospace15%

Energy & Pow er Gen

10%

Bulk Material Handling

7%

Const

Materials & Eqpt

5%Paper &

Forest Products

4%

Transport

4%Agri/Farm

3%

FY17 PF Sales by End Market

US & Canada

63%

Europe18%

Latam8%

ROW11%

FY17 PF Sales by Geography

OEM & End User Direct

52%

Aftermarket

48%

FY17 PF Sales by Channel

IndustrialDistribution

48%

Direct to OEM &

End User

52%

15

PROCESS & MOTION CONTROL PROFILE

Broadly diversified across

process industry,

consumer-facing &

aerospace end markets

Consumer / discrete &

aerospace applications

accounted for >50% of

FY17 PMC revenue

Global installed base of

engineered components

that wear in use over time

generates long-tail

MRO demand

Regional manufacturing &

assembly capacity to

serve local markets

Distribution channel

partners play critical role

in local customer

service & support

MRO demand drives >50%

of PMC revenue with

high rates of like-for-like

replacement

source: Company reports, Rexnord estimates

16

PMC KEY END MARKETS

Industry Applications Representative Products

Food &

Beverage

• Beverage Filling

• Food Handling & Packaging

• Food Processing

• Case Handling

• Container Making

Commercial

Aerospace

• Flight Control Systems

• Aircraft Doors

• Airframe Structures

• Engine / APU / Gearbox

• Landing Gear

Energy &

Power

Generation

• Electrical Power Generation

• Oil & Gas Compression

• Process Equipment

• Wind Turbines

Bulk Material

Handling

• Conveying Equipment

• Processing Machinery

• Hard Rock & Coal Mining

• Potash Mining

• Fertilizer Production

Construction

Materials

• Cement Production

• Aggregates Processing

• Asphalt Production & Paving

• Lumber / Wallboard Prod

17

PMC COMMERCIAL EXECUTION MODEL

New Application Engineering & Specification

First Fit Installation

World-Class Customer Service

& Support

Component Replacement or Rebuild Event

High Rates of Like-for-Like Replacement

Long-Lived

Customer

Assets

Components

Wear in Use

Rapid

Fulfillment

Capability

High

Customer

Satisfaction

Reliable &

Predictable

Service Life

Voice of

Customer

Proven model . . . strengthening execution efficiency across PMC

18

PMC COMPETITIVE DIFFERENTIATION

New Application

Engineering &

Specification

First Fit

Installation

World-Class

Customer

Service & Support

Component

Replacement or

Rebuild Event

High Rates of

Like-for-Like

Replacement

Established global brand with massive installed base

Deep end-market expertise creates customer value & new product innovation

Total cost of ownership advantages drive strong end-user specification

Dedicated technical & commercial teams for OEMs and End-Users

Top-rated customer satisfaction amongst OEM, End-Users, & Distributors

Tiered technical support model and self-serve tools = Ease of Doing Business

Highly predictable, recurring product replacement / repair lifecycles

Leading market share position with top-tier mechanical distributors

Long history of market-leading product performance, reliability, and breadth

Like-for-like replacement commonly exceeds 80%

Market leader with high margins & free cash flow

19

WATER MANAGEMENT PLATFORM

Vision

We aspire to provide the safest and most efficient water solutions to protect

human health and the environment

Target

$15-billion global market opportunity

WM Revenue ($mm)

source: Company reports, Rexnord estimates.

0

200

400

600

800

1,000

1,200

FY13 FY14 FY15 FY16 FY17

Discont Product

WM - Continuing

WM Adjusted EBITDA & Margin ($mm)

17.0% 16.4% 16.7% 20.3% 18.4%

(50)

0

50

100

150

200

250

FY13 FY14 FY15 FY16 FY17

Discont Product

WM - Continuing

Residential13%

FY17 Sales by End Market

Water & Wastewater Infrastructure

31%

Nonresidential:Commercial & Industrial

30%

Nonresidential:Institutional

26%

US & Canada

75%

Europe10%

ROW15%

FY17 Sales by Geography

New Construction

65%

Replacement /

Retrofit

35%

FY17 Sales by Application

Replacement & Retrofit

35%

20

WATER MANAGEMENT PROFILE

US & Canada nonresidential

buildings account for

~50% of WM sales

Expanding specification

share expands

total addressable market

Water & wastewater

solutions sold primarily in

EMEA, APAC markets

Regional manufacturing &

assembly capacity to

serve local markets

Multiple channels to market,

including direct sales in

global markets

Water efficiency & safety plus

cost of ownership drive

retrofit demand

source: Company reports, Rexnord estimates

21

WATER MANAGEMENT KEY END MARKETS

Commercial Buildings

Institutional Buildings

Municipal Water & Wastewater

Dam & Hydropower

Industrial Power

Value-added water solutions from source to tap

22

SPECIFICATION & CONSTRUCTION CYCLE

Delivering value at each stage of building development

23

ZURN COMPETITIVE DIFFERENTIATION

Ease of Design / Fit

Aesthetics

Superior Function

Reduced Cost / Time

Complexity Reduction

Labor Productivity

Uptime / Reliability

Water Efficiency & Safety

Lower Cost of Ownership

BIM Models

Design Visualization Tools

Web Tools

Lean ConstructionPre-fabrication & pre-tagging

Weight-reduced products

Integrated bundles

Service CentersSingle-point accountability

Complete content package

Water-Saving Fixtures

Water-Saving Plumbing

Extended Product Life

Ease of Maintenance

LEED Certification

Solid surface

integrated

wash basins

Paired flush

valve, fixture

& carrier

24

VAG COMPETITIVE DIFFERENTIATION

Case Study

Big Silver Creek

Hydropower Plant

British Columbia, Canada

Run-of-river power station

located near Canada’s

southwestern coast supplies

20,000 households with

electric power

VAG Value Creation

Engineering Expertise

• Computational Flow Dynamics (CFD)

• Optimal Solution Selection

Optimized System Design

• Anti-cavitation cylinders

• Downstream venting equipment

• Orifice plates in downstream pipeline sections

• Hydraulic brake & lift units for fast actuation

CFD flow simulation of the system

Challenges:

• Fast-action

bypass valve needed

in case of turbine failure

• High pressure drop

requirements

• Limited space available

• Cavitation-free operation

Solution:

• Turbine bypass valve used

in case of turbine failure -

two seconds to fully open

• 116-meter water column

pressure reduction

• Compact design

• Cavitation-free operation

40” VAG RIKO® Plunger Valves installation on site

25

CAPITAL ALLOCATION

Debt Reduction

Debt reduction has been the primary use of capital

Covenant-light term debt, maturity recently extended to 2023

Target to operate with Net Debt / Adjusted EBITDA ratio of 2.5x - 3.0x

Strategic Acquisitions

Strategic acquisitions will continue to be a significant use of capital

No acquisitions to date resulting from auction process

Base case assumes reinvestment of annual free cash flow

Share Repurchases

Can offset dilution from employee compensation programs

$200-million authorization with $160 million unused source: Company reports, Rexnord estimates.

Debt Reduction

61%

Acquisitions36%

Other3%

FY13 - FY17 Capital Allocation

26

REXNORD ACQUISITIONS

Product Life Cycle

Management

Operational Excellence Planning

Strategic Planning

Proprietary Identification & Cultivation

Internal Negotiation & Transaction

RBS Integration

Process

• Strategic process focuses on market leadership, leveraging competitive advantages

• Accelerates penetration of adjacent product categories, targeted vertical markets

• Proprietary process benefits both buyer and seller

• Target ROIC > WACC within 12-36 months

Add Diversify Diversify

Strengthen Adjacent End Geographic

Acquisition Year Platform Core Product Market Footprint Comment

World Dryer FY18 WM P P Increased Content / Sq Ft

Cambridge FY17 PMC P P P P Food processing expansion

Euroflex FY15 PMC P P P P India engineering & manufacturing

Tollok FY15 PMC P P P P Product line extension

Green Turtle FY15 WM P P Leading product technology

Source: Company reports.

Strategic Rationale

NON-GAAP

RECONCILIATIONS

28

NON-GAAP RECONCILIATIONS

FYE March 31

US$ in millions 2013 2014 2015 2016 2017 Q2 2018

Net income from continuing operations $47.3 $25.0 $91.8 $68.9 $66.8 $24.0

Interest expense, net 153.3 109.1 87.9 91.4 88.7 20.2

Dividends on preferred stock — — — — 7.3 5.8

Provision (benefit) for income taxes 15.4 (10.0) 16.8 17.1 7.9 14.8

Depreciation and amortization 110.9 106.9 112.2 115.4 105.4 21.1

EBITDA $326.9 $231.0 $308.7 $292.8 $276.1 $85.9

Adjustments to EBITDA:

Actuarial loss (gain) on pension and post

retirement benefit obligations$5.5 $2.7 $59.4 $12.9 ($2.6) —

Impact of RHF product line exit (1) — — 8.9 21.3 12.2 —

Loss on extinguishment of debt 24.0 133.2 — — 7.8 —

Restructuring and other similar charges(2) 8.6 8.4 12.9 34.9 31.6 5.1

Stock-based compensation expense 7.1 7.0 6.4 7.5 13.4 5.4

Acquisition-related fair value adjustment — 1.7 3.2 — 4.3 —

LIFO expense (income)(3) 5.0 5.6 (1.7) (0.8) (2.3) 0.2

Zurn PEX loss contingency 10.1 — — — — —

Other expense (income), net(4) 2.9 15.1 7.2 (3.1) 5.2 1.0

Other non-cash adjustments — — — — 0.8 0.5

Subtotal of adjustments to EBITDA 63.2 173.7 96.3 72.7 70.4 12.2

Adjusted EBITDA $390.1 $404.7 $405.0 $365.5 $346.5 $98.1

(1) During fiscal 2016, the Company announced its decision to exit the Rodney Hunt-Fontaine (“RHF”) flow control gate product line within its Water Management platform. The operating loss (excluding restructuring and related charges) is not included in Adjusted EBITDA in accordance with our credit agreement. RHF results have not been excluded for FY13-14.

(2) Represents restructuring costs comprised of work force reduction, lease termination, and other facility rationalization costs, including impairment charges.(3) Last-in first-out (LIFO) inventory adjustments are excluded in calculating Adjusted EBITDA as permitted by Rexnord’s credit agreement.(4) Other expense (income), net includes the impact of foreign currency transaction losses (gains), sale of property, plant and equipment, and other miscellaneous expenses.

29

NON-GAAP RECONCILIATIONS CONTINUED

Q2 FY 2018 Q2 FY 2017

US$ in millions

(except per share amounts)Net Income EPS Net Income EPS

As reported, from continuing operations $24.0 $0.23 $24.6 $0.24

Amortization 8.0 0.08 10.5 0.10

Restructuring Expense 5.1 0.05 4.4 0.04

Acquisition-related fair value

adjustment— — 3.3 0.03

Supply Chain Optimization &

Footprint Repositioning Program (1)— — 0.8 0.01

Impact of RHF Product Line (2) — — 2.3 0.02

All Other Non-Operating (3) 1.5 0.01 0.7 0.01

Tax Impacts on Adjustments (4) (4.9) (0.05) (7.0) (0.07)

As Adjusted $33.7 $0.32 $39.6 $0.38

(1) Represents accelerated depreciation associated with our strategic supply chain optimization and footprint repositioning initiatives.(2) Operating loss of RHF product line, excluding restructuring and other nonrecurring items. (3) All Other Non-Operating includes the impact of foreign currency transactions, sale of property, plant and equipment, and other miscellaneous income and expense.(4) The tax rates used to calculate adjusted net income and adjusted earnings per share are based on a transaction-specific basis at the applicable jurisdictional rate.