This presentation and discussion contains certain forward-looking statements that are subject to the Safe Harbor and Cautionary language contained in the press release we issued on May 14, 2018, as well as other factors that could cause actual results to differ materially from those discussed and that are disclosed in our filings with the Securities and Exchange Commission. Some comparisons will refer to certain non-GAAP measures. Our earnings release and 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.

1. FOURTH QUARTER
FISCAL YEAR 2018
FINANCIAL RESULTS
May 15, 2018

2. 2
CAUTIONARY STATEMENT UNDER THE
PRIVATE SECURITIES LITIGATION REFORM ACT
This presentation and discussion contains certain forward-looking statements that
are subject to the Safe Harbor and Cautionary language contained in the press
release we issued on May 14, 2018, as well as other factors that could cause actual
results to differ materially from those discussed and that are disclosed in our filings
with the Securities and Exchange Commission.
Some comparisons will refer to certain non-GAAP measures. Our earnings release
and 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.

3. STRATEGIC UPDATE
3
Consolidated Rexnord
• 4Q net sales growth increases to +14% year over year, core sales(1) growth to +7%
• FY18 Adjusted EBITDA(1) increases 13% year over year to $390 million
• Next stage of Supply Chain Optimization & Footprint Repositioning under way
Process & Motion Control
• 4Q core sales growth sustained at +6%
• Centa Power Transmission integration on track, contributes 5% to PMC sales growth
Water Management
• 4Q core sales growth increases to +8%
• Plan to divest non-strategic VAG operations from Water Management platform
Cash Flow & Balance Sheet
• Net debt leverage ratio(1) declines to 2.7x
• FY18 free cash flow(1) increases to $188 million
Note: All FY18 and 4QFY18 figures include VAG results.
(1) 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 May 14, 2018.

4. 4
FOCUS WATER PLATFORM AROUND ZURN
Zurn is a leader in the North American specification-grade plumbing products market
• Significant presence in later-cycle institutional nonresidential building construction
 Education, health care, transportation, public sectors
• FY18 core revenue growth of 4% exceeded estimated market growth
• FY18 Adjusted EBITDA margin expanded by more than 100 bps to 25%
• Product innovator with established new product pipeline
Anticipate reporting VAG as Discontinued Operations in 1QFY19
• Acquired pre-IPO in FY12 under former private-equity ownership
• Engineered valves for water & wastewater infrastructure, industry, hydropower
• Potential proceeds can further reduce financial leverage
400ST n-Pattern Backflow Series EZ1 Floor Drain System F1960 PEX Expansion System Sundara Handwashing System

5. 5
SCOFR 2.0
Second phase of Supply Chain Optimization & Footprint Repositioning initiatives
• Investing to reduce fixed costs, enhance productivity, and improve free cash flow
 $20-million total investment includes $11 of capital expenditures
 $15-million estimated total annual structural cost reductions
• SCOFR 2.0 projects to be completed in late FY19/early FY20

6. 6
AEROSPACE CENTER OF EXCELLENCE
Customer Value Creation
• Foster joint collaboration & innovation
• Eliminate inefficiencies in value chain
• Increase customer operating productivity
Industry 4.0 Operating Model
• Closed-loop digital processes from quotation
and order entry to engineering and
manufacturing, inspection, and shipment
• Advanced manufacturing technologies
Shareholder Value Creation
• Optimize new facility on existing site
• Increase asset utilization
• Reduce lead-times, working capital
• Deliver BIC customer satisfaction
Downer’s Grove Site April 2018
Assembly Cell
Development
Advanced Machine Tools
Rexnord is a leading developer & manufacturer of aerospace bearing & seal products

7. 7
ACQUISITION UPDATE
PMC: Centa Power Transmission (February 2018)
• Flexible couplings leader, ~$100 million annual sales
• Expands addressable applications, served markets
• Majority of sales from MRO applications
• Commercial integration process well under way
• RBS identifying opportunities in internal processes
• Margins present substantial value-creation potential
WM: World Dryer (October 2017)
• Largest installed base in North American hand dryer market
• Approximately $20 million of annual sales
• Additive to addressable nonresidential building washroom content
• Commercial integration complete
• Significant reduction in product line complexity
• Margins enable re-investment in new product development
Share
of Sales
~ 40%
~ 40%
15-20%
<5%
source: Company estimates
End Market
Marine
Power Generation
Industrial
Transportation
Key Applications
Passenger Ships, Yachts, Workboats
Gensets, Wind Turbines
Rail
Compressor/Pump Packages, Mobile Equipment

8. 8
FINANCIAL UPDATE
Fourth Quarter Fiscal Year 2018(1)
• Adjusted EBITDA(2) of $111 million increased 13% year over year
• Net sales increased 14% year over year
• World Dryer, Centa acquisitions increased sales by 4%
• Foreign currency translation increased sales by 3%
• Core sales(2) increased 7% year over year
• Loss Per Share of ($0.65), including $111-million goodwill impairment charge (VAG)
• Adjusted EPS(2) of $0.42
Fiscal Year 2018(1)
• Adjusted EBITDAof $390 million increased 13% year over year
• Net sales increased 8% year over year
• Core sales increased 5% year over year
• Earnings Per Share of $0.50, including the impairment charge
• Adjusted EPSof $1.39
(1) All results include VAG operations.
(2) 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 May 14, 2018.

9. 9
INITIATING FISCAL YEAR 2019 OUTLOOK
Fiscal Year 2019 Outlook
• Outlook excludes VAG
• Core sales growth(1) in mid-single-digit percentage range(2)
• Adjusted EBITDA(1) in $420 - $440 million range(2)
• Free cash flow(1) to exceed net income(2)
• Anticipate reporting VAG results as Discontinued Operations beginning in 1QFY19
 VAG generated revenue of $215 million in FY18
(1) 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 May 14, 2018.
(2) Forward-looking information and a non-GAAP measure. Although Rexnord can quantify certain elements, it is not able to quantify all variances from GAAP without unreasonable
efforts because certain factors are unknown at this time and out of Rexnord’s control.

10. 10
FY19 OUTLOOK(1) ADJUSTED EBITDA(2) BRIDGE
(1) Anticipating VAG results to be reported as Discontinued Operations beginning in the 1Q FY19.
(2) 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 May 14, 2018.
(3) The adoption of FASB ASU No. 2017-17 (in fiscal year 2019) requires changes to be applied retrospectively, reducing fiscal year 2018 Adjusted EBITDA by $3 million.
(4) Forward-looking information and a non-GAAP measure. Although Rexnord can quantify certain elements, it is not able to quantify all variances from GAAP without unreasonable
efforts because certain factors are unknown at this time and out of Rexnord’s control.
• +11-12% growth in
• Adjusted EBITDA at midpoint
• Assumes +MSD% core growth
• Assumes no acquisitions
• Excludes VAG(1)
390 386
430
31
13
360
370
380
390
400
410
420
430
440
FY18
Adjusted
EBITDA (2)
Pension
Accounting
Change (3)
VAG
FY18
Base Adj
EBITDA (2)
Growth
&
RBS
M&A
FY19E Adj
EBITDA (4)
Midpoint
Bridge to midpoint of $420 - $440 million range
(6)
(3) (1)

11. 11
4Q FY18 SUMMARY
(1) 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 May 14, 2018.
(2) Net Sales in 4Q FY17 is adjusted for the RHF product line exit in FY17. All periods include VAG.
4Q FY18 4Q FY17 Change
Adjusted Net Sales (1,2)
$575 $503 14%
Growth from:
Core 7%
Acquisitions 4%
Translation 3%
Adjusted EBITDA (1)
$111 $98 13%
% of Sales 19.3% 19.5% (20 bps)

12. PROCESS & MOTION CONTROL
12
• Net sales growth was 15% year over year
• Core growth was 6% year over year
• Adjusted EBITDA margin increased by 150 bps
(1) 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 May 14, 2018.
4Q FY18 4Q FY17 Change
Net Sales $361 $314 15%
Growth from:
Core 6%
Acquisitions 5%
Translation 4%
Adjusted EBITDA (1)
$86 $70 22%
% of Sales 23.8% 22.3% 150 bps
End-Market Outlook Assumed in Guidance
Industrial Distribution
US & Canada
Europe
Rest of World
Food & Beverage: Global
Commercial Aerospace: Global
Process Industries: Global

13. WATER MANAGEMENT
13
• Net sales growth was 13% year over year
• Core growth was 8% year over year
• Adjusted EBITDA margin reflects mix,
higher investment spending, MIC
(1) 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 May 14, 2018.
(2) Net Sales in 4Q FY17 is adjusted for the RHF product line exit in FY17. All periods include VAG results.
End-Market Outlook Assumed in Guidance
Industrial Distribution
US & Canada
Europe
Rest of World
Food & Beverage: Global
Commercial Aerospace: Global
Process Industries: Global
End-Market Outlook Assumed in Guidance
Nonresidential Construction: US & Canada
Commercial & Industrial
Institutional
Residential Construction: US & Canada
4Q FY18 4Q FY17 Change
Adjusted Net Sales (1,2)
$215 $190 13%
Growth from:
Core 8%
Acquisitions 2%
Translation 3%
Adjusted EBITDA (1)
$35 $34 2%
% of Sales 16.3% 18.0% (170 bps)
Z899 Elevator/Threshold
Drain System

14. CASH FLOW & BALANCE SHEET
14
(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 May 14, 2018. All periods include VAG results.
(3) Total Debt includes a New Market Tax Credit Receivable ($28), which is more than offset by an associated payable ($37) that is also included in Total Debt in all periods presented.
(4) Liquidity is defined as cash and cash equivalents plus available borrowing capacity.
3.7x 3.7x
3.8x
3.1x
2.8x 2.7x
2.5x
3.0x
3.5x
4.0x
Mar-14 Mar-15 Mar-16 Mar-17 31-Dec-17 31-Mar-18
Net Debt LeverageRatio (1)
139
197
167
141
188
(50)
0
50
100
150
200
250
FY14 FY15 FY16 FY17 FY18
Free Cash Flow ($ millions) (2)
1,944 1,912 1,893
1,595
1,295 1,328
0
500
1,000
1,500
2,000
2,500
Mar-14 Mar-15 Mar-16 Mar-17 31-Dec-17 31-Mar-18
Total Debt ($ millions) (3)
339 370
485 490
235 218
336
341
344 346
348 329
0
200
400
600
800
1,000
Mar-14 Mar-15 Mar-16 Mar-17 31-Dec-17 31-Mar-18
Total Liquidity ($ millions) (4)
Cash & Equivalents Available Borrowing Capacity

15. APPENDIX

16. 16
FISCAL YEAR 2019 OUTLOOK
Core sales % growth(1) + Mid Single Digit
Adjusted EBITDA(1) $420 - $440 million
Free Cash Flow(1) > Net Income
Depreciation & Amortization(2) ~ $ 86 million
Interest Expense (LIBOR ≤ 2%) ~ $ 73 million
Effective Tax Rate(3) ~ 29%
Capital Expenditures ~ 2.2% of sales
(1) 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 May 14, 2018.
(2) Excludes an estimated $4 million of accelerated depreciation related to supply chain optimization and footprint repositioning actions which is excluded from Adjusted Net Income.
(3) As applied to calculation of Adjusted Net Income.

17. 17
FY18 PRO FORMA SALES BY END MARKET
Note: PMC data are pro forma for acquisition of Centa Power Transmission. Note: WM data are pro forma for acquisition of World Dryer, anticipated divestiture of VAG.
PROCESS & MOTION CONTROL WATER MANAGEMENT

18. 18
IF-CONVERTED INCREMENTAL SHARES
Mandatory Convertible Preferred Details
Offering Size ($millions) $ 402.5
Dividend Rate 5.75%
Annual Dividend ($millions) $ 23.1
Mandatory Conversion Date 11/15/2019
Use If-Converted Method to calculate diluted EPS, Only If Dilutive
1) Do not deduct preferred dividend from net income
2) Add indicated incremental shares to diluted share count
Incremental Shares
Average Common from Conversion
Stock Price (millions)
< $ 20.99 19.18
$ 20.99 19.18
21 19.17
22 18.30
23 17.50
24 16.77
25 16.10
25.19 15.98
> $ 25.19 15.98

19. 19
CALCULATING 4Q & FY18 DILUTED ADJUSTED EPS
Fourth Fiscal
Quarter Year
Ended Ended
($ millions, except per-share amounts) March 31, 2018 March 31, 2018
Base Methodology
Adjusted Net Income 45.9$ 147.2$
Weighted-Average Number of Shares: Diluted (thousands) 106,697 105,999
Earnings Per Share: Diluted (Base Method) 0.43$ 1.39$
If-Converted Methodology
Adjusted Net Income 45.9$ 147.2$
Add Back Dividends 5.8 23.2
Adjusted Net Income Attributable to Rexnord Common Stockholders 51.7$ 170.4$
Weighted-Average Number of Shares: Diluted (thousands) 106,697 105,999
Add Adjustment for Conversion of Preferred Stock into Common Stock (thousands) 15,979 15,986
Adjusted Weighted-Average Shares: Diluted (thousands) 122,676 121,985
Earnings Per Share: Diluted (If-Converted Method) 0.42$ 1.40$

20. 20
4Q FY18 NON-GAAP ADJUSTMENTS AFTER TAX
(1) Other, net includes the impact of foreign currency transactions and other miscellaneous expenses.
(2) The tax rates used to calculate adjusted net income are based on a transaction-specific basis at the applicable jurisdictional rate.
(3) 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 May 14, 2018.
Adjustment Type ($ millions)
Restructuring & Other Similar Charges 7.2$ (2.4)$ 4.8$
Non-controlling interest 0.1 - 0.1
Amortization of Intangible Assets 8.8 (3.0) 5.8
Accelerated Depreciation 1.3 (0.5) 0.8
Purchase Accounting FV Adjustment 0.9 (0.3) 0.6
Actuarial gain on pension obligations (3.3) 1.1 (2.2)
Other, net(1)
1.1 (0.7) 0.4
Nonrecurring US Tax Reform Adjustment - (7.8) (7.8)
Goodwill impairment 111.2 - 111.2
Dividends on Preferred Stock 5.8 - 5.8
Total Adjustments 133.1$ (13.6)$ 119.5$
Impact on
Adjusted
Net Income (3)
Pretax
Adjustment
Income
Tax
Provision (2)

21. 21
RECONCILIATION OF ADJUSTED EBITDA
(1) Includes the impact of foreign currency transactions, sale of long-lived assets, and other miscellaneous expenses. See "Management Discussion and Analysis of
Financial Condition and Results of Operations" in the Company's Form 10-K for the year ended March 31, 2018 for further information.
(2) During fiscal 2016, the Company announced its decision to exit the RHF flow control gate product line within its Water Management platform. The fiscal 2017 operating
losses (excluding restructuring and other similar charges) is not included in Adjusted EBITDA in accordance with our credit agreement.
(S millions)
Adjusted EBITDA March 31, 2018 March 31, 2017 March 31, 2018 March 31, 2017
Net (loss) income attributable to Rexnord common stockholders $ (67.8) $ 21.6 $ 52.7 $ 66.8
Dividends on preferred stock 5.8 5.8 23.2 7.3
Non-controlling interest income 0.1 - 0.1 -
Income tax provision (benefit) 7.5 11.2 (19.5) 7.9
Loss on debt extinguishment - - 11.9 7.8
Other expense, net (1)
0.6 1.9 3.1 5.2
Interest expense, net 16.7 19.3 75.6 88.7
(Loss) Income from operations $ (37.1) $ 59.8 $ 147.1 $ 183.7
Adjustments
Depreciation and amortization $ 24.4 $ 26.3 $ 89.7 $ 105.4
Actuarial gain on pension obligations (3.3) (2.6) (3.3) (2.6)
Restructuring and other similar charges 7.2 9.9 18.8 31.6
Goodwill impairment 111.2 - 111.2 -
Acquisition-related fair value adjustment 0.9 - 1.8 4.3
Stock-based compensation expense 4.6 3.6 20.5 13.4
Impact of RHF product line exit (2)
- 2.7 - 12.2
Last-in first-out inventory adjustments 2.6 (2.1) 3.3 (2.3)
Other, net (1)
0.5 0.4 0.9 0.8
Subtotal of adjustments 148.1 38.2 242.9 162.8
Adjusted EBITDA $ 111.0 $ 98.0 $ 390.0 $ 346.5
Fourth Quarter Ended Fiscal Year Ended

22. 22
RECONCILIATION OF ADJUSTED NET INCOME
(1) Represents accelerated depreciation and other non-cash expenses associated with our strategic supply chain optimization and footprint repositioning initiatives.
(2) During fiscal 2016, the Company announced its decision to exit the RHF flow control gate product line within its Water Management platform. To enhance comparability between historical periods,
the pre-tax loss of the RHF product line exit has been excluded from our fiscal 2017 Adjusted earnings per share.
(3) Other, net includes the impact of foreign currency transactions, sale of long-lived assets, and other miscellaneous expenses. See "Management Discussion and Analysis of Financial Condition and
Results of Operations" in the Company's Form 10-K for the year ended March 31, 2018 for further information.
(S millions)
Adjusted Net Income and Earnings Per Share March 31, 2018 March 31, 2017 March 31, 2018 March 31, 2017
Net (loss) income attributable to Rexnord common stockholders $ (67.8) $ 21.6 $ 52.7 $ 66.8
Supply chain optimization and footprint repositioning initiatives (1)
1.3 4.4 2.3 9.6
Non-controlling interest income 0.1 - 0.1 -
Actuarial gain on pension obligations (3.3) (2.6) (3.3) (2.6)
Impact of RHF product line exit (2)
- 2.7 - 12.7
Restructuring and other similar charges 7.2 9.9 18.8 31.6
Acquisition-related fair value adjustment 0.9 - 1.8 4.3
Amortization of intangible assets 8.8 8.4 33.6 42.1
Loss on Debt Extinguishment - - 11.9 7.8
Other, net (3)
1.1 2.3 4.0 6.0
Dividends on Preferred Stock 5.8 5.8 - 7.3
Goodwill impairment 111.2 - 111.2 -
Nonrecurring U.S. Tax Reform adjustment (7.8) - (62.6) -
Tax effect on above items (5.8) (9.3) (23.3) (39.3)
Adjusted net income $ 51.7 $ 43.2 $ 147.2 $ 146.3
GAAP diluted net (loss) income per share attributable to Rexnord
common stockholders $ (0.65) $ 0.21 $ 0.50 $ 0.64
Adjusted earnings per share - diluted $ 0.42 $ 0.35 $ 1.39 $ 1.32
GAAP diluted weighted-average shares 104,094 104,968 105,999 104,784
Diluted weighted-average shares for Adjusted EPS calculation 122,676 122,977 105,999 110,617
Fourth Quarter Ended Fiscal Year Ended