Slide 1: First-Quarter 2021 Financial Results
First-Quarter 2021 Financial Results April 22, 2021
Slide 2: Forward-Looking 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, including statements regarding the potenti
Slide 3: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures The Company presents operating income, operating margin, 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 and organic revenue growth on a non-GAAP basis, and adjust
Slide 4: First-Quarter 2021 Financial Summary
First-Quarter 2021 Financial Summary Revenue1 Adjusted OI Adjusted YTD ACF1 $Millions Margin1 EPS1 $Millions +2.9% +30 bps +15.4% +455.3% $105.5 $694.3 19.0% 19.3% $674.7 $1.20 $1.04 $19.0 Q1 20 Q1 21 Q1 20 Q1 21 Q1 20 Q1 21 Q1 20 Q1 21 ▪ Organic revenue growth of 0.5% ▪ Price, productivity and FX c
Slide 5: Allegion Innovation Engines
Allegion Innovation Engines A build-borrow-buy approach accelerates seamless access Allegion continues to invest in all three of our innovation engines. From industrial design, engineering and IT, to ventures, partnerships and acquisitions, a build-borrow-buy approach accelerates our vision of seaml
Slide 6: Allegion EPS Performance
First-Quarter 2021 Allegion EPS Performance 6 First-Quarter 2021 Results See press release for non-GAAP reconciliations
Slide 7: Revenue Results
First-Quarter 2021 Revenue Results $750.0 10.0% $700.0 4.3% 5.0% Q1'21 Q1'21 $650.0 -0.6% 0.5% Reported Organic1 0.0% -3.4% Growth Growth $600.0 -5.0% $550.0 Allegion Americas -2.6% -2.9% -10.0% $500.0 -18.5% Allegion International 20.2% 11.0% -15.0% $450.0 $400.0 $674.7 $589.5 $728.4 $727.3 $694.3
Slide 8: Allegion Americas Results
First-Quarter 2021 Allegion Americas Results Revenue1 Adjusted Operating Income1 $Millions $Millions -2.6% -7.6% $512.1 $498.9 $146.6 $135.5 Q1 20 Q1 21 Q1 20 Q1 21 Q1 20 Q1 21 Adj OP Margin 28.6% 27.2% Q1 Revenue Performance Adj EBITDA % 30.3% 28.9% ▪ Organic revenue decline of 2.9% ▪ Good price re
Slide 9: Allegion International Results
First-Quarter 2021 Allegion International Results Revenue1 Adjusted Operating Income1 $Millions $Millions +20.2% +958.8% $162.6 $195.4 $18.0 $1.7 Q1 20 Q1 21 Q11 20 Q1221 Adj OP Margin 1.0% 9.2% Q1 Revenue Performance Adj EBITDA % 6.8% 14.4% ▪ Organic revenue growth of 11.0% Q1 Adjusted Operating Ma
Slide 10: Year-to-Date 2021 Allegion ACF
Year-to-Date 2021 Allegion ACF Strong cash generation Available Cash Flow1 Working Capital2 & Cash Conversion Cycle (CCC)3 $Millions $Millions $105.5 Working Capital % of Revenue Cash Conversion Cycle 62.7 63.2 6.3% 6.1% $19.0 Q1 YTD Q1 YTD 2020 2021 ▪ Increase in ACF driven by 2020 2021 2020 2021 i
Slide 11: Full-Year 2021 Outlook
Full-Year 2021 Outlook Revenue Prior FY EPS Prior FY FY Outlook Outlook FY Outlook Outlook Total Americas Flat to +1% -4% to -3% 2021 Reported EPS $4.85 to $5.05 $4.55 to $4.75 Organic Americas Flat to +1% -4% to -3% Adjustments¹ $0.10 to $0.15 $0.10 to $0.15 Total International +12% to +13% +6% to
Slide 12: Summary
First-Quarter 2021 Summary ▪ Q1 revenue growth of 2.9%; Organic revenue¹ growth of 0.5% ▪ Q1 adjusted operating margin¹ of 19.3%; Up 30 bps vs prior year ▪ Adjusted Q1 EPS¹ of $1.20 or +15.4% growth vs prior year ▪ Raising full-year revenue outlook ▪ Total revenue growth of 3% to 4% ▪ Organic revenu
Slide 13: About Allegion
About Allegion™ Allegion (NYSE: ALLE) is a global pioneer in seamless access, with leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion secures people and assets with a range of solutions for homes, busi