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IMAGINE AND SHAPE:

The ESAB Corporation Purpose.

ESAB CORPORATION

Shaping our path forward.

The world is evolving at a rapid pace, and so too is our

company. Never before has ESAB faced a moment like

this in history. It’s pivotal and most definitely deserving

of reflection. And so, as we enter the next phase

of our company’s history, the importance of being guided by a purpose, a “why,” is without question.

We all want a reason to face the day. A reason to do what we do. A motivation to make our work more meaningful.

Our purpose is just that. And this piece will help serve

as your guide to fully understanding what it’s all about.

How we arrived here and what it means for our future. At the end of the day, we hope it inspires. We hope it

motivates. We hope it gives us all – all 9,000 of us and

the customers we serve – the firm belief that what we

do matters. Because it does.

An idea is sparked.

It’s been said time and again, but it’s a point that cannot be taken lightly. We invented an industry. We all know that in 1904, Swedish engineer Oscar Kjellberg produced the world’s first coated welding electrode. He had an idea that solved a problem. And this spirit would resonate throughout ESAB’s storied history as the worldwide leader in fabrication technology. We’ve continually elevated innovation. We’ve involved our end users to help make their tools better. We’ve strategically acquired some of the leading brands in our industry. We’ve always pushed ourselves to be better. So as we reflect on where we are today and how we’ve gotten here, we will continue to pursue new ways to improve and elevate our performance. 4

Oscar Kjellberg develops the world’s first welding electrode – ESAB is created in Gothenburg, Sweden

Global expansion, organically and through acquisition

Broadened offerings, from welding and cutting to gas control and digital solutions

This pivotal moment. Significant progress has been the hallmark of our most recent history. We’ve had organic growth and complementary acquisitions. And 10 years ago, we became part of Colfax – another move that shaped who we are today. And now, we’re an independent company. We’re splitting from Colfax and focusing on strengthening our position as global pioneers in worldclass manufacturing technology – a reputation we have strived to achieve and sustain since our founding. This is an extremely exciting time for all of us. 7

A future imagined.

While our future certainly is not written, we have the

utmost trust in where we’ve been to help guide us as we forge forward. But we need more than this. We need a

clear, evident purpose to guide our actions and propel us into the next phase of our company.

We need our collective reason to strive for greatness. Every day. Together.

The work we’ve put in to get here has uncovered so much more.

Constructing our purpose-based strategy. It’s the right time to define who we are. To look in the mirror and explain the essence of ESAB.

This will help identify why we operate the way we operate today and how we’ll evolve as we progress. It’s lofty. It’s important. It’s a guide for decision-making. It’s about more than just products or services, but how we inspire our people to achieve more. It’s made up of a few important components.

CORE BELIEF.

PROMISE.

This is one singular belief about what we do as a company that will be relevant to both our customers as well as all those within our walls.

What do we exist to do? This statement articulates the value ESAB creates for our customers and the world at large. You can’t get loftier than that.

PURPOSE STATEMENT.

PRINCIPLES.

This is it. The why. The combination of the belief and the promise, this is the singular defining rallying point that guides all else. Our timeless reason for being.

These are the standards we’re setting for ourselves and how we’re delivering on our purpose.

CORPORATE VALUES. These are the actionable beliefs that everyone who’s part of ESAB employs to bring our purpose to life.

Putting in the work.

Like any important undertaking, getting to the

point of identifying our purpose was a methodical

process. It involved time, talent, and much thought. It involved a lot of discussion with both internal and

external stakeholders. We spent hours speaking with ESAB leadership. We polled more than 1,100 of our

esteemed employees and gathered data and insight from our all-associate survey. We reached out to

customers in every region we serve. And we looked

closely at our competition. If this work is to reflect our company’s voice moving forward, we had to be sure

everyone’s voice was heard. Because we value every voice. And anything less would be a misstep. So what did it all yield? 13

CORE BELIEF

At ESAB, we believe the progress we make today makes the world we imagine possible.

PROMISE

Enabling the work that shapes the world. 15

PURPOSE

Shaping the world we imagine.

Our principles. These are the highly important standards we’re setting for ourselves. They’re how we aim to operate at every level. They’re what make our purpose more purposeful.

TAILORED, ROBUST SOLUTIONS

GLOBAL EXPERTISE, LOCAL APPLICATION

Our arsenal of products is wide and deep, and we constantly strive to make each one better. We want all who use one of our tools to feel confident not just in its quality but in the job itself.

We ensure that world-leading innovation and expertise are available on the ground, anywhere, anytime our customers need access. We’ll always be a global company with a local focus.

COMMITTED PARTNER

SMART SYSTEMS

We make our customers’ challenges our own. We’ll bring together dedicated specialists, advanced software, and efficient processes to meet our customers where they are and ensure the best results.

Through our unique combination of digitally powered products and systems, we’re not just driving growth for our customers, we’re driving our industry forward.

ESAB values.

Shaping the world begins with shaping our culture. And shaping our culture begins with defining our values that can be put into practice each day at ESAB. This isn’t simply what we believe. It’s how we bring our purpose to life and hold ourselves accountable.

SH SHARED SUCCESS

HELP EACH OTHER WIN

APE ALWAYS IMPROVING

PURPOSEFUL LEADERSHIP

EVERY VOICE VALUED

SHARED SUCCESS We are there with solutions for our customers’ triumphs and challenges, knowing our success is fueled by theirs.

HELP EACH OTHER WIN We bring together the best people to explore creative solutions, drive innovation, build on each other’s ideas, and hold ourselves accountable until the work is done. Because the only way to succeed is together. 23

ALWAYS IMPROVING We relentlessly pursue innovative ideas and constantly seek new ways to raise the bar of our performance. This continuous improvement is at the core of our business management system, EBX (ESAB Business Excellence). 24

PURPOSEFUL LEADERSHIP We build strong leaders who meet challenges head on, celebrate wins, and learn from every obstacle. So our associates, our customers, and the industry at large can imagine and achieve new possibilities. 25

EVERY VOICE VALUED We are committed to creating an inclusive, welcoming culture that values every perspective – because real progress depends on diversity, empathy, and mutual respect. 26

These are the values that will collectively help guide our every action as a company. Our hope is that they do the same for you.

Our anthem.

The idea. No, Idea, with a capital I.

Those special sparks of neurons in our brains that lead to infernos of change.

An idea is what first defined us. Spurred our curiosity. Inspired us to act. Then we really got to work.

Discovered tools. Discovered our own talent and tenacity. And then things really took off.

ne thing inevitably led to another led O to another led to another.

But not without that curiosity and drive to keep the ball rolling. To initiate. Accelerate. Collaborate. Fabricate. Create and recreate. Perpetuate. To innovate. 28

This is what ideas are all about.

ESAB Corporation is at the forefront of nurturing the ideas that have transformed the world. From the everyday to the extraordinary. We provide the tools and inspiration to propel people into action. It’s in this way that the human race moves forward. We collectively and individually leverage our strengths. And take calculated risks that reap remarkable rewards.

We value the idea, even in its most fragile form. And nurture it until it becomes an unstoppable phenomenon.

THIS IS ESAB CORPORATION. This is shaping the world we imagine. 29

Help shape us. You’re a huge part of part of this endeavor and our

progress forward. You’re essential to our strategy, our

story, and our success. We want you to fully embrace our values and principles and apply them to your

day-to-day work. We want your vision, your ideas, and your energy to help bring this purpose to life.

And we’re here to provide you with all the resources you need along the way.

We’re in this together. And we couldn’t be prouder of that fact.

Now let’s start shaping the world we imagine.

ESAB CORPORATION