BARCLAYS

INDUSTRIAL SELECT

CONFERENCE

February 2018

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 January 31, 2018. 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.

PROCESS & MOTION CONTROL

FY17 Revenue: $1.1 billionFY17 Adjusted EBITDA Margin: 21%

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 (1)

US & Canada

63%

Europe18%

Latam8%

ROW11%

FY17 PF Sales by Geography (1)

OEM & End User Direct

52%

Aftermarket

48%

FY17 PF Sales by Channel (1)

IndustrialDistribution

48%

Direct to OEM &

End User

52%

Mechanical Power Transmission Products• Plastic & Metal Modular Conveying Chain• Woven Metal Mesh Conveying Chain • Gearing & Gear Drives• Couplings• Mounted Industrial Bearings• Industrial Chain• Aerospace Bearings & Seals

REXNORD OVERVIEW

REXNORD CORPORATIONConcentrated Multi-Platform Industrial

“Solving Smarter”

WATER MANAGEMENT

Specification-Grade Commercial Plumbing Products• Linear Drainage & Effluent Separation• Backflow Prevention & Potable Water Safety• Specification & Light Commercial Drainage• Pressure Management & Temperature Control Valves• PEX Piping Systems, Fixture Carrier Systems• Finish Plumbing [Faucets, Flush Valves & Fixtures]Water Supply & Wastewater Management Valves

FY17 Revenue: $0.8 billionFY17 Adjusted EBITDA Margin: 18%

Note: Platform margins exclude corporate expenses. FYE March 31. Adjusted EBITDA is a non-GAAP measure and is defined in our SEC filings.

(1) Pro forma PMC data assumes full-year results from Cambridge (acquired June 2016).

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%

3

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 Specification Share

• 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

REXNORD BUSINESS SYSTEM

Creates Operational Alignment with Strategic Objectives

Quantifies specific strategic objectives and Key Performance Indicators

Clearly defines responsibilities and fosters accountability

Connects Strategy Deployment to Daily Management

Promotes Continuous Improvement

Common language enables sharing of best practices

Internal knowledge transfer system enables sharing of CI case studies

Drives resource allocation

Replicable & Scalable

Structured approach to 17 core business processes (e.g., Product Life Cycle Management)

Supported by RBS specialists within each business unit

Foundation to enable step-function growth

Integrated Strategic Planning &

Operational Management System

7

CONTINUOUS IMPROVEMENT IS OUR CULTURE

Focus on CI

FY18 YTD +40%

8

KEY GROWTH INITIATIVES

PROCESS & MOTION CONTROL

First Fit Market Share Growth

Builds installed base &

future like-for-like MRO demand

Consumer Goods / Food Portfolio Expansion

Accelerated by Cambridge acquisition –

leverages PT product range, distribution strength,

established European infrastructure

Commercial Aircraft Shipset Growth

Strong product technology portfolio,

investments in advanced manufacturing,

increasing Airbus content

9

KEY GROWTH INITIATIVES

WATER MANAGEMENT

Expansion in Adjacencies

Leverage competitive advantages in

product performance, portfolio breadth,

distribution, commercial execution

Lean Construction Penetration

Leverage digital design tools,

pre-fab capability, single-delivery model

10

WATER MANAGEMENT NEW PRODUCTS

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 can be 90% less than standard

Expansion PEX System

Designed for ease of installation

Proprietary higher-strength pipe & fittings

Accommodates both expansion & crimp systems

11

DIGITAL REXNORD

DiRXN = ‘DIRECTION’

• Rexnord enterprise-wide initiative to enable improved customer

productivity via digitally-connected tools, products, and services

• Differentiates by digitally connecting traditional mechanical solutions to

control systems, engineering & asset management software, and IIoT

• Encapsulates our deep application knowledge into digital components

for easy customer & partner use at each stage of their lifecycle

• Leverages common digital infrastructure across Business Platforms –

unique deliverables to match end-market requirements

Reduce Downtime & Expedite Recovery

Mitigate unexpected process interruption

Reduce maintenance frequency, costs

Reduce routine inspections, improve technician productivity

Optimize Asset Management

Avoid investment in spare units, storage costs

Plug-and-Play Capabilities

Unit birth certificate with baseline performance signature

Deliver complete with plug-and-play connectivity

24/7 access to online operating data, instructional videos,

performance specifications, CAD drawings, upgrade tools

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

12

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

13

14

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

Centa Power Transmission FY18 PMC P P P P Engine-driven couplings

World Dryer FY18 WM P P Adds washroom content

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

15

CENTA POWER TRANSMISSION ACQUISITION

• Global flexible couplings provider with approximately $100 million of annual revenue

• Expands the Rexnord couplings range in high-output engine-powered applications

• MRO applications generate >50% of annual revenue

• Enhances PMC diversification while creating new growth vectors

• Opportunities to enhance competitive differentiation, value proposition with DiRXN

• Substantial margin expansion opportunities in existing cost structure

• Purchase price approximately €118 million ($145 million)

Sales Contribution by End Market

Note: Figures are estimated CY17 data

Distributed EPG 40%

Industrial15%

Other5%

Marine40%

Share

End Market of Sales Key Applications

Marine ~ 40% Passenger Ships, Yachts, Workboats

Power Generation ~ 40% Gensets, Wind Turbines

Industrial 15-20% Compressor/Pump Packages, Mobile Equipment

Transportation <5% Rail

source: Company estimates

Sales Contribution by Geography

Note: Figures are estimated CY17 data

Europe57%

ROW3%

Americas18%

Asia Pacific

22%

16

CASH FLOW & BALANCE SHEET UPDATE

3.7x 3.7x

3.8x

3.1x

2.9x2.8x

2.5x

3.0x

3.5x

4.0x

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

Net Debt Leverage Ratio (1)

139

197167

14178

97

(50)

0

50

100

150

200

250

FY14 FY15 FY16 FY17 9 Mos FY17 9 Mos FY18

Free Cash Flow ($ millions) (2)

1,944 1,912 1,893 1,595 1,588

1,295

0

500

1,000

1,500

2,000

2,500

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

Total Debt ($ millions) (3)

339 370 485 490 531

235

336 341

344 346 346

348

0

200

400

600

800

1,000

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

Total Liquidity ($ millions) (4)

Cash & Equivalents Available Borrowing Capacity

(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 January 31, 2018.

(3) Total Debt includes a New Market Tax Credit Receivable ($28), which is more than offset by an associated payable ($37) that is also included in Total Debt in all periods presented.

(4) Liquidity is defined as cash and cash equivalents plus available borrowing capacity.

17

CAPITAL ALLOCATION

Debt Reduction

Debt reduction has been the primary use of capital

Target to operate with Net Debt / Adjusted EBITDA ratio of 2.0x - 3.0x

December Debt Refinancing:

• Issued $500 million 4.875% Senior Notes due 2025

• Repaid approximately $300 million net under credit agreement

• Amended credit agreement to reduce pricing, extend maturities

Strategic Acquisitions

Strategic acquisitions will continue to be a significant use of capital

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

18

REXNORD SUMMARY

• Organization Aligned for Success

• Rexnord Business System & Continuous Improvement

• Key Organic Growth Initiatives

• DiRXN™ Strategic Execution

• Centa Acquisition Profile

• Expanding Free Cash Flow

• Disciplined Capital Allocation

NON-GAAP

RECONCILIATIONS

20

NON-GAAP RECONCILIATIONS

FYE March 31,

US$ in millions 2013 2014 2015 2016 2017 Q3 2018

Net income from continuing operations $47.3 $25.0 $91.8 $68.9 $66.8 $75.8

Interest expense, net 153.3 109.1 87.9 91.4 88.7 18.7

Dividends on preferred stock — — — — 7.3 5.8

Provision (benefit) for income taxes 15.4 (10.0) 16.8 17.1 7.9 (50.0)

Depreciation and amortization 110.9 106.9 112.2 115.4 105.4 21.7

EBITDA $326.9 $231.0 $308.7 $292.8 $276.1 $72.0

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 11.9

Restructuring and other similar charges(2) 8.6 8.4 12.9 34.9 31.6 3.8

Stock-based compensation expense 7.1 7.0 6.4 7.5 13.4 5.1

Acquisition-related fair value adjustment — 1.7 3.2 — 4.3 0.9

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 —

Subtotal of adjustments to EBITDA 63.2 173.7 96.3 72.7 70.4 22.9

Adjusted EBITDA $390.1 $404.7 $405.0 $365.5 $346.5 $94.9

(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 FY12-14.

(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.

21

NON-GAAP RECONCILIATIONS CONTINUED

Q3 FY 2018 Q3 FY 2017

US$ in millions(except per share amounts) Net Income EPS Net Income EPS

As reported, from continuing operations $75.8 $0.62 $1.7 $0.01

Amortization 8.6 0.07 8.6 0.08

Restructuring Expense 3.8 0.03 11.7 0.11

Loss on Debt Extinguishment 11.9 0.10 7.8 0.08

Acquisition-related fair value adjustment 0.9 0.01 — —

Supply Chain Optimization & Footprint Repositioning Program (1)

— — 3.8 0.04

Impact of RHF Product Line (2) — — 4.8 0.05

Dividend on Preferred Shares 5.8 0.05 — —

All Other Non-Operating (3) 1.0 0.01 1.1 0.01

Nonrecurring U.S. Tax Reform Adjustment (54.8) (0.45) — —

Tax Impacts on Adjustments (4) (8.1) (0.07) (13.6) (0.13)

As Adjusted $44.9 $0.37 $25.9 $0.25

(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.