Slide 1: Q2-2026 Earnings Call
Q2-2026 Earnings Call July 23, 2026
Slide 2: Cautionary Statements
Cautionary Statements Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are statements
Slide 3: Strong Execution
Strong Execution ▪ LDD revenue growth; HSD organic growth in Americas ▪ High-teens Adj. EPS growth ▪ Raising 2026 full-year outlook 3 Q2-2026 Financial Results
Slide 4: Capital Allocation
Capital Allocation Invest for Acquisitions Dividend Share Repurchases Organic Growth ~$70M ~$47M ~$120M Electronics & Deployed YTD $0.55 per ordinary In Q2 2026 mobile credentials share of the company 4 Q2-2026 Financial Results
Slide 5: Q2-2026 Financial Summary
Q2-2026 Financial Summary Revenue Adjusted OI Adjusted EBITDA Adjusted ACF YTD $Millions Margin Margin EPS $Millions +12.7% +50 bps +40 bps +17.6% -5.3% 25.3% 25.7% $2.40 $1,151.5 23.7% 24.2% $275.4 $1,022.0 $2.04 $260.8 Q2 25 Q2 26 Q2 25 Q2 26 Q2 25 Margin EBITDA Q2 26 Q2 25 Q2 26 Q2 25 Q2 26 ▪ Org
Slide 6: Q2-2026 Allegion Americas Results
Q2-2026 Allegion Americas Results Revenue Adjusted Adjusted $Millions OI% EBITDA% +11.8% +20 bps +10 bps $918.6 $821.5 29.9% 30.1% 31.3% 31.4% Q2 25 Q2 26 Q2 25 Q2 26 Q2 25 Q2 26 Q2 Revenue Performance Q2 Adjusted Margin Performance ▪ Organic revenue growth of 8.9% ▪ PPII tailwind of $10.8M (inclusi
Slide 7: Q2-2026 Allegion International Results
Q2-2026 Allegion International Results Revenue Adjusted Adjusted $Millions OI% EBITDA% +16.2% -70 bps -60 bps $200.5 $232.9 13.1% 15.4% 14.8% 12.4% Q2 25 Q2 26 Q2 25 Q2 26 Q2 25 Q2 26 Q2 Revenue Performance Q2 Adjusted Margin Performance ▪ Organic revenue decline of 1.2% ▪ PPII headwind of $2.5M; 12
Slide 8: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Available Cash Flow Working Capital Leverage $Millions % of Revenue -5.3% 2.2x $275.4 $260.8 9.2% 1.9x 7.9% 1.5x 1.6x Q2 YTD 25 Q2 YTD 26 Q2 25 Q2 26 Q2 25 Q2 26 Capex $38.8M $38.9M Gross Debt/Adj EBITDA Net Debt /Adj EBITDA ▪ Available cash flow decrease due to ▪ Working c
Slide 9: FY-2026 Outlook
FY-2026 Outlook Prior Outlook Current Outlook Total Company Reported: Organic: Reported: Organic: Revenue 6.0% - 8.0% 2.0% - 4.0% 7.5% - 8.5% 3.5% - 4.5% Segment Revenue Americas: International: Americas: International: Organic +LSD/MSD ~LSD +MSD+ -LSD Acquisitions / Divestitures ~+2.0% ~+8.0% ~+2.0
Slide 10: Strong Execution
Strong Execution ▪ LDD revenue growth; HSD organic growth in Americas ▪ High-teens Adj. EPS growth ▪ Raising 2026 full-year outlook 10 Q2-2026 Financial Results
Slide 11: Appendix
ALLEGION’ PIONEERING SAFETY” Appendix
Slide 12: Q2-2026 Allegion EPS Performance
Q2-2026 Allegion EPS Performance Restructuring: ($0.05) M&A: ($0.01) Amortization: ($0.15) Other: ($0.04) M&A: $0.06 Amortization: $0.13 12 Q2-2026 Financial Results See appendix for definitions and press release for non-GAAP reconciliations
Slide 13: FY-2026 Outlook Details
FY-2026 Outlook Details 2026 Other Items ▪ Interest / Other Expense: H2 consistent with H1 ▪ Tax Rate: 18-19% ▪ Average Diluted Shares: ~85.9M ▪ Adjusted EPS excludes: ▪ Acquired intangible asset amortization ~$0.60 ▪ Restructuring ~$0.20 ▪ M&A and other adjustments ~$0.10 13 Q2-2026 Financial Resul
Slide 14: FY-2026 EPS Outlook
FY-2026 EPS Outlook Inclusive of ~$0.15 - $0.20 from Acquisitions 14 Q2-2026 Financial Results See appendix for definitions and press release for non-GAAP reconciliations
Slide 15: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures The company presents operating income, operating margin, earnings before income tax, effective tax rate, net debt, net earnings and diluted earnings per share (EPS) on both a U.S. GAAP basis and on an adjusted (non-GAAP) basis, revenue growth on a U.S. GAAP basis
Slide 16: About Allegion
About Allegion At Allegion (NYSE: ALLE), we design and manufacture innovative security and access solutions that help keep people safe where they live, learn, work and connect. We’re pioneering safety with our strong legacy of leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Vo