Resideo Technologies, Inc. · NYSE:REZI
Resideo Technologies — Debt Investor Presentation (May 2026)
28 slides from Resideo Technologies's debt investor presentation, May 11, 2026
Slide 1: Company Presentation, May 11, 2026
May 11, 2026 Company Presentation
Slide 2: Disclaimer: Forward-Looking Statements
Disclaimer Forward-Looking Statements This presentation and the related conference call contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, and the "safe harbor" provisions under the Pri
Slide 3: Agenda
3 Agenda Appendix Business and Industry Overview Financial Overview
Slide 4: Executive Summary: Situation Overview
Executive Summary 4 Situation Overview ⚫On July 30, 2025, Resideo ("REZI", or "RemainCo") announced a plan to spin off its ADI Global Distribution business ("ADI", the "Company", or "SpinCo") into an independent, U.S. publicly traded company ⚫The spin-off is currently planned for mid-Q3 to mid-Q4 20
Slide 5: Business and Industry Overview
Business and Industry Overview
Slide 6: Separation Overview
Separation Overview 6 Separation Overview Commentary SpinCo RemainCo Structure ⚫Tax-free transaction for Resideo and current Resideo shareholders for U.S. federal income tax purposes ⚫SpinCo: ADI Global Distribution Inc. (NYSE: ADIG) ⚫RemainCo: Resideo Technologies, Inc. (NYSE: REZI) Timing ⚫On trac
Slide 7: Separation creates two pure-play companies
Separation creates two pure-play companies 7 Sharper Focus Operational focus and dedicated management teams to win in their respective marketplaces Enhanced Flexibility Increased operating and financial flexibility to pursue growth opportunities Tailored Capital Allocation Strategies Positioned to c
Slide 8: Resideo Products & Solutions overview
• Leading provider of residential controls and sensing solutions across comfort and air, water, safety, security, and global climate solutions applications • Portfolio of trusted brands including Honeywell Home, First Alert, BRK and Resideo, backed by a 100+ year innovation heritage • Attractive, re
Slide 9: Repair and Remodel is a significant driver of our business
Repair and Remodel is a significant driver of our business Record homeowner equity enables upgrade spending Average mortgage-holding homeowner has approx. ~$300k in equity1 Aging housing stock – driving demand for retrofits and upgrades Median age of owner-occupied housing ≥40 years2 Home improvem
Slide 10: Core Product Categories Tied to Critical Systems in the Home
Core Product Categories are Tied to Critical Systems in the Home and Play in Large Markets P&S portfolio covers three out of the four critical home systems – largely partnering for AC Electric Air Water Security Safety Global Climate Solutions Product Lines Thermostats, Zoning, Indoor Air Quality Va
Slide 11: Positioned to be the Leader in Residential Controls & Sensing
Positioned to be the Leader in Residential Controls & Sensing Providing Comfort, Savings and Protection Complementary Strategies to Achieve Our Objective Accelerate Development of Differentiated Solutions Expand Geographically Focus on the Pros Leverage Our Scale to Provide Superior Value 11
Slide 12: Resideo – Air Segment Opportunity
• Leadership across key product categories including thermostats, zoning and indoor air quality (IAQ) ► #1 in residential thermostats in U.S. and Canada ► Large installed base with brand recognition • Differentiated positioning with the Pro distribution channel with reliable hardware that is easy to
Slide 13: Resideo – Water Segment Opportunity
• Focused water platform across hydronics, potable, and connected sensing • Large core segment with meaningful adjacent whitespace • Leak detection / flow analytics is the key sensing-led growth vector • Insurance, conservation, and ease-of-install are strong tailwinds • Hydronics is the anchor busi
Slide 14: Resideo – Security Segment Opportunity
• Security is a strategic connected-home sensing and context platform • Resideo offers a trusted and comprehensive security product portfolio and monitoring service, which generates recurring revenue with attractive margins • A leader in volume production for the industry and unique capabilities to
Slide 15: Resideo – Safety Segment Opportunity
• Safety is a scaled, trusted life-safety platform led by First Alert / BRK • Large core category with meaningful adjacency whitespace • Universal platform underpins margin expansion and product acceleration • SC5 launch establishes foothold in connected smoke / CO • Expansion runway in occupancy aw
Slide 16: Resideo – Global Climate Solutions Segment Opportunity
• Scaled OEM controls platform with leading positions in residential boiler and water heater controls, plus exposure to furnaces, heat pumps and adjacent categories • Strategy centered on deeper OEM penetration • Growth adjacencies include hybrid heat pumps, heat-pump water heaters, fans and next-ge
Slide 17: Whole Home Management to Drive Comfort, Protection and Savings
Whole Home Management to Drive Comfort, Protection and Savings Resideo is positioned to do exactly this – with a portfolio that spans key nodes across three of the four systems Home systems traditionally have operated in silos, creating inefficiencies and fragmented experiences There is significant
Slide 18: Key Components of Resideo's Ecosystem
Key Components of Resideo's Ecosystem CLOUD to CLOUD Device Services Data Intelligence Layer – AI / Analytics Partner Connections / Interoperability Intrusion Video Surveillance Access Control HVAC / IAQ Water Safety First Alert Resideo Web Resideo Pro Resideo Academy Resideo Central Resideo Product
Slide 19: Key Credit Highlights
Key Credit Highlights 5 2 3 4 7 8 1 6 Leading Residential Controls & Sensing Platform: Leading provider of residential controls and sensing solutions across air, safety, security, water and global climate solution applications, serving critical home systems with a broad portfolio of integrated produ
Slide 20: Financial Overview
Financial Overview
Slide 21: Summary Historical Financials
Summary Historical Financials 21 Adjusted Revenue ($M) Further Adjusted EBITDA ($M)2 Adjusted CapEx ($M)3 $2,567 $2,564 $2,688 $212 $195 $175 $2,778 $2,759 $2,863 2023 2024 2025 Reported Revenue (Net of Genesis Revenue) Intercompany Sales to ADI $542 $618 $656 $581 21.1% 24.1% 24.4% 19.5% 22.4% 22.9
Slide 22: Capital Allocation Strategy & Financial Policy
Capital Allocation Strategy & Financial Policy 22 Leverage Capital Allocation Shareholder Distributions • Leverage target of ~3.0x total gross leverage and ~2.0x total net leverage • Management is aligned in maintaining prudent leverage levels that provide bandwidth to weather economic cycles • Comm
Slide 23: Appendix
Appendix
Slide 24: Standalone Costs Analysis
Standalone Costs Analysis The vast majority of 2025 pro forma standalone costs are within SG&A 24 Commentary ⚫Operational Continuity: P&S enters the separation with a high degree of operational autonomy, utilizing dedicated, ring-fenced Sales and Marketing teams to minimize disruption to customer-fa
Slide 25: Organizational Chart
Organizational Chart 25 Shareholders Select Commentary ➢RemainCo Borrower/Issuer: Resideo Funding II LLC. ➢SpinCo Borrower/Issuer: ADI Global Distribution Funding LLC which is an LLC that is disregarded for federal income tax purposes ➢Guarantors: each Company's material domestic subsidiaries, subje
Slide 26: Non-GAAP EBITDA Reconciliation
Non-GAAP EBITDA Reconciliation 26 ($ in millions) 2023 2024 2025 GAAP Income from Operations1 $446 $503 $555 Stock based compensation expense 18 19 19 Restructuring and impairment expense 27 14 5 Other2 - 7 - Non-GAAP Adj. Income from Operations $491 $543 $579 Depreciation & Amortization 71 68 77 Re
Slide 27: Non-GAAP Revenue Reconciliation
Non-GAAP Revenue Reconciliation 27 ($ in millions) 2023 2024 2025 Reported Revenue1 $2,672 $2,564 $2,688 Genesis disposition (106) -- -- Addback of intercompany revenue eliminated on sales to ADI 2122 195 175 Adjusted Revenue $2,778 $2,759 $2,863 1P&S segment Reported Revenue for the Products and So
Slide 28: Non-GAAP CapEx Reconciliation
Non-GAAP CapEx Reconciliation 28 ($ in millions) 2023 2024 2025 Resideo Consolidated Reporting Capex (per 10-K) $105 $80 $116 ADI Capex (per Form 10) (27) (25) (54) Adjusted Capex for Remainco1 $78 $55 $62 12023 capex includes $2mm of capex related to corporate activities. No material capex was reco
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