Sean ToomesPresident, Indoor Climate

Personal introduction

1984-1997 YTS to Sales Director – Watson Smith

1997-2004 Vice President – Marketing/Engineer ing and Sectors Norgren

2004-2007 Managing Director – Norgren Fluid Controls

2007 April Appointed President of IMI Indoor Climate

IMI Indoor Climate

TA Ljung, Sweden

Heimeier Erwitte, Germany

Flow Design, Dallas, USA

Pneumatex,Füllinsdorf, Switzerland

IMI International,Olkusz, Poland

TA-Regulator,Brezice, Slovenia

Gunilla AnderssonCFO Indoor Climate

Thomas KrollMD Heimeier

Karl WillemenChairman Pneumatex

Henrik ÅkersonOperations Director

Heimeier

Jean-Christophe CaretteTAH College Manager

Robin VollertVice President TA

Andrew LaneBusiness Dev Director

Steve HawkinsMD Commtech group

Lars JonssonVice President

Balancing Operations

Peter KorcsogCEO Pneumatex

Michael CarbineMD IMI International

The Indoor Climate team

Xiao ZuoguoVice President Asia Pacific

David WeirPresident Flow Design

Indoor Climate – what we doCreating a comfortable indoor climate is difficult.Creating an energy-efficientindoor climate is very difficult.

IMI Indoor Climate provides expertise and system knowledge that deliver both.

The HVAC market

DissipationProduction Distribution

Building Management System (BMS)

Non-strategic

Strategic focus

Heating and coolingdistribution

waterfittings

watervalves

waterpipes

hydroniccontrol

thermo-static

radiator valves(TRVs)

hydronicconditioning

hydronicbalancing

watersensors

Hydronic technology

• Energy efficiency

• Project penetration/dollars per project

• New territories

• Legislation

Key drivers

Heating and coolingdistribution

waterfittings

watervalves

waterpipes

hydroniccontrol

thermo-static

radiator valves(TRVs)

hydronicconditioning

hydronicbalancing

watersensors

Non-strategic

Strategic focus

Hydronic technology

Thermostatic radiator valvesOur Heimeier business is the world market leader in thermostatic radiator valves (TRVs) for room temperature control.

ROWGermany

Renovation

GermanyNewEastern

Europe

Growth agenda in China

Energy Expo – Beijing March 2008

Heating and coolingdistribution

waterfittings

watervalves

waterpipes

hydroniccontrol

thermo-static

radiator valves(TRVs)

hydronicconditioning

hydronicbalancing

watersensors

Non-strategic

Strategic focus

Hydronic technology

Hydronic balancingIndoor Climate is the world market leader in balancing valves for waterborne heating and cooling systems.

ROWWesternEurope

Heating and coolingdistribution

waterfittings

watervalves

waterpipes

hydroniccontrol

thermo-static

radiator valves(TRVs)

hydronicconditioning

hydronicbalancing

watersensors

Non-strategic

Strategic focus

Hydronic technology

Hydronic conditioning

The acquisition of Pneumatex gives leadership in the niche market for water management in heating, cooling and drinking water systems for buildings.

Heating and coolingdistribution

waterfittings

watervalves

waterpipes

hydroniccontrol

thermo-static

radiator valves(TRVs)

hydronicconditioning

hydronicbalancing

watersensors

Non-strategic

Strategic focus

Hydronic technology

Our customers

Focus on customers with a long term commitment to energy reduction.

Oslo Opera House Heathrow Terminal 5

Commercial

Residential

Willis Building, London

Typically 23% savings in energy consumption

Our customers

Renovation NewBuild

Our customers

The biggest and most prestigious buildings demand IMI Indoor Climate products and services.

People make the difference

Project engineering Central marketing Germany Spain

Sweden France Hungary Brazil

USA CzechNetherlands UK

How we create value

Building value,Rental value

Upfront costs

Providing building owners with sustainable high performance systems with low risk of failure

Total lifecosts

Opportunity for margin enhancement

How we create value

Upfront costs

Project engineering -‘the gurus’

How we create value

Upfront costs Total lifecosts

Total lifecosts

Upfront costs

How we create value

Building value,Rental value

Drivers - comfort and energy efficiency

Merchants &Wholesalers

Pull marketing strategy

Route to market

Consultants

Installers & Contractors

Developers & Owners

IMIIndoor Climate

Customer focus

• Over 90% of seminar attendees express preference for use of IMI Indoor Climate products

• 45,000 specifiers will be trained in IMI seminars during 2008

Internationalisation

EmergingMarkets

WesternEurope

Emerging markets:- Eastern Europe- Middle East- North America- Asia Pacific

£m

Focus on executionMeet the value chain Andrew Lane and Robin Vollert

Dynamic water management Karl Willemen

Total hydronic balancing Jean-Christophe Carette

Internationalisation Michael Carbine and Thomas Kroll

Heimeier Factory Tour Henrik Akerson

Robin VollertVice President TA

Andrew LaneBusiness Dev Director

Karl WillemenChairman Pneumatex

Henrik ÅkersonOperations Director

Heimeier

Jean-Christophe CaretteTAH College Manager

Thomas KrollMD Heimeier

Michael CarbineMD IMI International