Motorola Solutions, Inc. · NYSE:MSI

Motorola Solutions — Investor Presentation (August 2026)

52 slides from Motorola Solutions's investor presentation, August 2026

1. Slide 1: Investor Overview

   Investor Overview August 2026 ● Segments and technologies ● Total addressable market ● Investment thesis ● Who we serve ● Financials ● Capital allocation

2. Slide 2: Solving for safer

   Solving for safer 38% We build and connect technologies to help protect of 2025 revenue from Software & Services, people, property & places. primarily recurring 17% CAGR Non-GAAP EPS Video Security & Mission Critical Command growth since 2015 Access Control Networks Center 12% CAGR ~5.5M ~13K ~60% G

3. Slide 3: Segments & Technologies

   Segments & Technologies 2025 Annual Revenue* Products & Software & Systems Integration Services Segment Segment (primarily recurring) MCN Products MCN Services and Integration Command Center Video Security & Mission Critical Command Video Products Video Software Access Control Networks Center $7.3B

4. Slide 4: A technology ecosystem for public safety, defense and enterprise security with $83B TAM

   A technology ecosystem for public safety, defense and enterprise security with $83B TAM* Video Security & Access Control Mission Critical Networks Command Center Our video security and access control Our critical communications devices and networks Our command center technologies can bring systems,

5. Slide 5: Investment thesis

   Investment thesis Revenue growth Cash flow generation ● Half of revenue now video, software, unmanned ● Durable cash flows driven by recurring and systems and recurring services reoccurring revenue ● Cloud, SaaS and AI revenue growing rapidly ● 12% CAGR growth in annual free cash flow since 2015 ● Incr

6. Slide 6: Who we serve

   Public Safety and Defense Who we serve We enable the collaboration between public EMERGENCY POLICE FIRE MEDICAL safety agencies, defense and enterprises for a proactive approach to safety and security. NATIONAL PUBLIC CRITICAL SECURITY SERVICES EDUCATION INFRASTRUCTURE $11.7B ~75% of revenue 2025 An

7. Slide 7: Revenue by Geographic Region

   Revenue by Region International Geographic $11.7B* of Revenue $3.3B of Revenue Region 2025 Annual Revenue 72% 28% ● North America ● EMEA/Australia & NZ ● International ● Other * China revenues represent <1% of 2025 Annual Revenue

8. Slide 8: Revenue Who we serve

   Revenue 2025 Public Safety and Who we serve $11.7B of Revenue Defense ~75% of Revenue 2025 Annual Revenue 12% ~25% ~75% 61% 27% ● Public Safety and Defense ● North America state and local ● Enterprise ● U.S. federal and defense ● International public safety and defense

9. Slide 9: Ongoing Portfolio Transformation

   Ongoing 2015 2025 Portfolio $5.7B of Revenue $11.7B of Revenue Transformation Half of revenue now generated through higher growth areas: video, Command Center, unmanned systems and recurring services Total Addressable Market Total Addressable Market ~$13B ~$83B* ● Land Mobile Radio (“LMR”) Products

10. Slide 10: Strong backlog

    Strong backlog ($B) Backlog growth drivers ● Multi-year service agreements ● Cloud adoption ● SaaS and applications ● Device and network refresh ● Software & Services ● Products & SI

11. Slide 11: Strong Financial Track Record

    Strong +8% Y/Y +8% Y/Y +10% Y/Y +5% Y/Y +13% Y/Y +10% Financial +8% Y/Y +13% Y/Y +12% Y/Y Y/Y +9% +10% +14% Y/Y +7% Y/Y Y/Y Track Record Y/Y (6%) +20% +15% Y/Y Y/Y Y/Y +14% +6% Y/Y Y/Y Summary Total Revenue Growth ($B) Software & Services Segment Revenue Growth* ($B) ● Consistent compounded revenue

12. Slide 12: 2026 Guidance

    2026 Guidance August 5, 2026 FY guidance ~$12.975B $17.62 $2.8B $3B $11.7B $15.38 -$17.72 ● Revenue of ~$12.975B ● Non-GAAP EPS $17.62 - $17.72 ● $3B of Operating Cash E E E Flow Total Revenue Non-GAAP EPS Operating Cash Flow

13. Slide 13: Capital allocation framework drives shareholder value

    Capital allocation framework drives shareholder value Based on operating cash flow Capex 10% Asset light model Share repurchases or acquisitions ~$9.6B* of share repurchases, retiring 60% Annual Dividend ~24% of share float at average cost of $110.57 since 2015** 30% Double digit annual $11B+*** incre

14. Slide 14: Strategic acquisitions

    Strategic acquisitions Video Security & Command Mission Critical $11B+ invested since Access Control Center Networks 2015* 2018 2016 2017 2016 Estimated 2026 contributions 2019 2019 2018 2022 2017 $4B+ Revenue 2020 2021 2024 2019 Double-digit Growth rate 2021 2022 2025 2025 2022 ~$1B Adjusted EBITDA

15. Slide 15: Video Security & Access Control

    Video Security & Access Control Our video security and access control systems, powered by AI, can alert you when action is needed, focusing human attention to help cover more ground and act with more certainty.

16. Slide 16: Video Security & Access Control: Current environment, Our approach

    Video Security & Access Control Current environment Our approach ● ~5.5M fixed cameras across More than just cameras and footage, our video 300k+ installations solutions combine computer vision with AI, helping to recognize what’s important and what’s not. ● Less than 20% of events are detected after

17. Slide 17: Video Security & Access Control product areas

    Video Security & Access Control In-car video Fixed video Access control & license plate Body Drone as security management analytics cameras First Responder Embedded AI locates Video, biometrics, In-car, body and fixed Radios automate Drone as First Responder persons or vehicles, weapons detection, ca

18. Slide 18: Video Security & Access Control Portfolio

    Video Security & Access Control Portfolio Fixed Video & Mobile Video Access Control ● Body cameras ● Avigilon Unity on-prem suite ● In-car cameras $2.1B $0.7B ● License plate recognition ● Avigilon Alta cloud suite $1.4B 2025 Revenue ● Specialized cameras solutions and services ● Specialty sensors ●

19. Slide 19: ~50% of total video sales in government & public safety, education and healthcare

    ~50% of total video sales in government & public safety, education and healthcare ● Gov’t & Public Safety ● Financial Services ● Education ● Manufacturing ● Healthcare ● Entertainment $2.1B 2025 ● Commercial Real Estate Video Revenue ● Utilities ● Transportation ● Hospitality ● Retail

20. Slide 20: SVX Body-worn assistant with Assist

    SVX Body-worn assistant with Assist ● Enhances APX NEXT family as a body-worn assistant, converging secure voice, video and AI ● Eliminates the need for a separate body camera ● Enables multi-source data for evidence, with dual audio and video streams ● Records superior radio audio, with AI-powered

21. Slide 21: Video Security & Access Control Growth and Monetization

    Video Security & Access Control Growth and Monetization ● $2.1B in sales growing double digits in $37B TAM ● ~5.5M fixed video cameras deployed across 300K+ sites ● Over 90% of our fixed video camera portfolio has embedded AI capabilities ● Broad on-prem and cloud fixed video portfolio with global go-t

22. Slide 22: Mission Critical Networks

    Mission Critical Networks Our critical communications devices and networks are designed for the harshest conditions, helping you stay connected and communicate with clarity when it matters most - from everyday routines to a crisis unfolding.

23. Slide 23: Mission Critical Networks: Current environment, Our approach

    Mission Critical Networks Current environment Our approach ● When disaster strikes, cellular networks can Secure and resilient communications through fail or get overloaded - Hurricanes Helene and LMR and mobile ad-hoc networks (“MANET”) Milton, Los Angeles wildfires can unify voice and multimedia co

24. Slide 24: Public safety, Enterprise, Defense

    Mission Critical Networks Public safety Enterprise Defense Software & services P25 and TETRA highly survivable PCR networks and devices MANET secure data, video and Strong adoption for managed networks and devices, total protect sensitive communications voice communications without services, softwar

25. Slide 25: Mission Critical Networks

    Mission Critical Networks 2025 $8.6B Revenue* Public Safety Devices Software & Services $2.6B $4.7B $1.3B Mission Critical Professional & Network Deployments, Commercial Radio including Silvus $7.5 billion 2023

26. Slide 26: Silvus overview

    Silvus overview Leading-edge, high-speed MANET technology, enabling highly secure data, video and voice communications without the need for fixed infrastructure Unmanned Systems International Defense Connects unmanned aerial, ground and Provides protected communications for naval systems for U.S., NA

27. Slide 27: Mission Critical Networks Growth and Monetization

    Mission Critical Networks Growth and Monetization ● ~13k+ LMR networks globally, 50+ nationwide & statewide systems ● Networks monetized with recurring services and devices replaced every 7-8 years ● Multi-year services agreements expanding to higher value f offerings: software upgrades, cybersecuri

28. Slide 28: Command Center

    Command Center Our command center technologies can bring voice, video and data into a single view to help simplify workflows and provide the overarching perspective to make decisions with greater focus, accuracy and speed.

29. Slide 29: Command Center: Current environment, Our approach

    Command Center Current environment Our approach ● ~60% of the ~6K 911 centers in the U.S. use at Software solutions that support the complex least one of our software solutions process of the public safety workflow from "911 call to case closure." ● 10k more lives could be saved each year if 911 coul

30. Slide 30: Detection, Response, Resolution

    Command Center Detection Response Resolution Community tipping, mass notification, panic Dispatch & coordination, real-time intelligence & Centralized records, evidence buttons and 911 call handling & routing collaboration, field reporting and broadband management and investigative tools enabled solut

31. Slide 31: Command Center

    Command Center 911 call handling & routing $0.25B Emergency & enterprise workflow applications ● CommandCentral Aware ● Cloud-native, on-prem and hybrid $0.9B $0.4B ● Push to talk (PTT) broadband ● Assist enhances user workflows 2025 Revenue communications and creates efficiencies ● Mass notification and

32. Slide 32: Command Center Growth and Monetization

    Command Center Growth and Monetization ● Large software install base in 911 centers in the U.S. creates significant expansion opportunity ● Sales of $0.9B growing double digits in $22B TAM ● Margin expansion driven by transition to SaaS cloud offerings ● Rave and Noggin bridge enterprise security and

33. Slide 33: Solving with AI

    Solving with AI Taking a proactive and responsible approach to using AI to maximize efficiency and effectiveness Human-Centered Application in 3 Areas Automate analysis Accelerate response Protect privacy Human attention Human action Human judgement Detect key events and automate Find answers without

34. Slide 34: Public Safety Assist Suites

    Public Safety Assist Suites Mission-critical AI suites, precision-engineered for the public safety workflow. Impactful performance. Superior value. Responder Assist Suite Dispatcher Assist Suite AI for AI for 911 Call Handlers First Responders & Dispatchers Patrol Assist Call Intake Assist CAD & Reco

35. Slide 35: Competitive Landscape

    Competitive Video Security & Access Control Mission Critical Networks Command Center Landscape Video Security Our mission-critical ecosystem across Video, Command Center and MCN creates competitive differentiation Access Control * This competitive landscape slide includes a non-exhaustive list of so

36. Slide 36: Additional Financials

    Additional Financials

37. Slide 37: Strong Balance Sheet

    Strong +10% +5% Y/Y Balance Sheet Y/Y +8% Moody’s Baa2, Stable +13% Y/Y Y/Y +9% +14% Y/Y S&P BBB, Stable +20% Y/Y Y/Y +14% Fitch BBB, Stable +41% Y/Y Y/Y Summary Investment Grade Rating Total Liquidity ● Total Liquidity* of ~$2.96B ● Net Debt to Adj. EBITDA ratio* of ~2.0X ● U.S. Pension ~89% funded

38. Slide 38: Balanced Senior Debt Maturity Profile

    1, 2 Balanced Senior Debt Maturity Profile ($M) ● Average maturity over 7yrs ● Average coupon ~4.6% ● All fixed-rate notes 1 As of July 4, 2026 2 On August 6, 2025 the Company borrowed $1.5 billion of senior delayed draw term loan facilities (“term loans”) comprised of a $750 million 364-day facility

39. Slide 39: Corporate Responsibility

    Corporate Responsibility

40. Slide 40: We are committed to corporate responsibility

    We are committed to corporate responsibility TIME Glassdoor 2025 2025 World’s Best Best Places Companies to Work Employee Philanthropy Environment Employee-initiated giving raised Optimized our company-wide more than $1.5M for causes cloud usage to reduce our around the world in 2025. carbon emissio

41. Slide 41: Our impact

    Our impact Our technologies can directly support some of the world’s largest safety challenges every day. Safer schools Natural disasters Rising retail theft and violence More than 398,000 students have been exposed to gun Global economic losses due to natural disasters in 2025 Retailers reported sh

42. Slide 42: Appendix

    Appendix

43. Slide 43: Safe harbor

    Safe harbor A number of forward-looking statements are made during this presentation. Forward-looking statements are any statements that are not historical facts. These forward-looking statements are based on the current expectations of Motorola Solutions, and we can give no assurance that any futur

44. Slide 44: Use of non-GAAP measures

    Use of non-GAAP measures In addition to the results presented in accordance with accounting principles generally accepted in the U.S. (“GAAP”) in this presentation, Motorola Solutions, Inc. (“Motorola Solutions” or the “Company”) has provided certain non-GAAP measurements. Motorola Solutions has pro

45. Slide 45: Use of non-GAAP measures

    Use of non-GAAP measures Adjusted Free Cash Flow - Represents Free Cash Flow excluding a $500 million voluntary, debt-funded U.S. pension contribution in the first quarter 2018. The Company has excluded the impact of this contribution because the Company believes that this item does not reflect expect

46. Slide 46: Solving for safer

    Solving for safer communities schools hospitals businesses nations everywhere MOTOROLA, MOTO, MOTOROLA SOLUTIONS and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC and are used under license. All other trademarks are the property of their respective o

47. Slide 47: Appendix: Supplemental Non-GAAP Measures

    Appendix: Supplemental Non-GAAP Measures * Amounts attributable to Motorola Solutions, Inc. common shareholders. ** Under U.S. GAAP, the accounting for a net loss from continuing operations results in the presentation of dilutive earnings per share equal to basic earnings per share, as any increase

48. Slide 48: Appendix: Supplemental Non-GAAP Measures

    Appendix: Supplemental Non-GAAP Measures Reconciliation of GAAP operating cash flow to adjusted operating cash flow Reconciliation of GAAP operating cash flow to free cash flow and adjusted free cash flow

49. Slide 49: Appendix: Supplemental Non-GAAP Measures

    Appendix: Supplemental Non-GAAP Measures Reconciliation of GAAP net earnings to EBITDA and adjusted EBITDA Net Debt calculation Net Debt to adjusted EBITDA calculation *** Refer to slide 47 for details of highlighted items

50. Slide 50: Appendix: Supplemental Non-GAAP Measures

    Appendix: Supplemental Non-GAAP Measures Reconciliation of GAAP net earnings to EBITDA and adjusted EBITDA *** Refer to slide 47 for details of highlighted items

51. Slide 51: Appendix: Supplemental Non-GAAP Measures

    Appendix: Supplemental Non-GAAP Measures Net Debt calculation and Net Debt to adjusted EBITDA ratio calculation Rule of 40 calculation

52. Slide 52: Our impact

    Our impact References for slide 41 ● Safer Schools: ○ Gun violence in schools (Jan. 2025): https://www.washingtonpost.com/education/interactive/school-shootings-database/ ○ COPS Fact Sheet (Nov. 2025): https://cops.usdoj.gov/pdf/2025AwardDocs/svpp/Post_Award_Fact_Sheet.pdf ● Natural Disasters: ○ 202

Motorola Solutions — Investor Presentation (August 2026) on 6ix