Slide 1: UL Solutions Q2 2026 Earnings presentation
‘O) Solutions UL SOLUTIONS INC. * Q2 2026 Earnings presentation LS
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. All statements other than statements of historical facts contained in this presentation may be forward-looking statements. These include stat
Slide 3: Q2 2026 Highlights
Q2 2026 Strong quarter with continued Adjusted EBITDA margin’ Highlights expansion fueled by revenue growth and productivity improvements 5.2% 26.8% $0.59 Revenue growth Adjusted Adjusted Diluted EBITDA margin’ Earnings Per Share’ 6.6% +140 13.5% Organic? Basis points Increase sc sin Safety <sNSC Ro
Slide 4: Q2 2026 Revenue
Q2 2026 Revenue +6.6% Organic S$ inmilions $21 $3 $827 $3 —- =a ——t CL $816 $27 Bm $(14) +5.2% S176 | | Q2 2025 Industrial Consumer R&C Q2 2026 FX Acquisition/ Q2 2026 Organic Organic Software Organic Divestiture Organic (O) Solutions
Slide 5: Q2 Adjusted EBITDA
Q2 Adjusted EBITDA margin increased 140 bps 8 inmilions % Adjusted EBITDA margin $51 az $229 Le 19 $197 $(19) $(1) $(9) 25.4% | } i Q2 2025 Organic Organic Q2 2026 FX Acquisition/ Q2 2026 iH Revenue Expenses Organic Divestiture ’ @) Solutions
Slide 6: Q2 Adjusted Diluted Earnings Per Share
Q2 Adjusted Diluted Earnings Per Share +13.5% $0.25 _— —_—_—_— a (0.10) — — $0.52 $« $(0.04) $(0.03) $(0.03) Q2 2025 Organic Organic Interest Tax Acauisition/ Other’ Q2 2026 Revenue Expenses Divestiture UL) Solutions 4. Other includes FX and change in diluted shares.
Slide 7: Industrial
Industrial Q2 2026 results * 7.8% Revenue growth (+7.2% Organic) — Continued momentum in ongoing certification services and certification testing — Strength in materials and energy and automation + Adjusted EBITDA increased $9M; margin decreased 10 basis points — Increased revenue partially offset b
Slide 8: Consumer
Consumer Revenue Q2 2026 results $340 * 6.5% Revenue growth (+6.2% Organic) Q2 2025 Q2 2026 — Strength in certification testing and non- certification testing and services wh, — Higher demand in consumer technology, i sy appliances, HVAC and retail Adjusted EBITDA and margin % — Offset in part by pl
Slide 9: Risk & Compliance Software
Risk & Compliance Software Q2 2026 results * 17.5% Revenue decrease (+4.8% Organic growth) — EHS software sale closed April 1, 2026 — Increased demand for supply chain insights + Adjusted EBITDA decreased $2M; margin increased 90 basis points — EHS software sale — Higher employee productivity @) Sol
Slide 10: LTM Free Cash Flow
LTM'’ Free Cash Flow + Generated Free Cash Flow of $436M2, an increase of $72M, 19.8% * Benefited from strong business performance + Invested 7.7%? of revenue in capital expenditures 4. Last twelve months. Uz)) Solutions 2. Last twelve months ended June 30, 2026. LTM' Cash Flow @ Operating Cash Flow
Slide 11: Full-year 2026 outlook
Full-year 2026 outlook CAPITAL PORTFOLIO REVENUE PROFITABILITY TAX RATE oP RUGES Mid-single digit Adjusted Effective Capital Continuing constant EBITDA margin tax rate of expenditures of to pursue currency organic — improvement to approximately approximately acquisitions revenue growth approximately
Slide 12: Appendix
Appendix
Slide 13: Components of revenue change
Components of revenue change Three Months Ended June 30, 2026 Acquisition {in mitions) Organic Div F Organic % change | Total % change Revenue change Industrial $ 27 $ —$ 28 29 7.2% 78% Consumer 2 = 1 22 6.2% 6.5% Risk & Compliance Software 3 (14) = (11) 48% (17.5)% Total $ 51 $ (14) $ 3 $ 40 6.6 %
Slide 14: Adjusted EBITDA and Adjusted EBITDA margin
Adjusted EBITDA and Adjusted EBITDA margin (non-GAAP measures): 2 Three Months Ended Six Months Ended June 30, June 30, Net income $ 254 § 7 $ 352 S$ Depreciation and amortization expense 46 46 93 91 Interest expense 5 10 13 22 Gain on divestiture (191) - (191) _ Other (income) expense, net (2) 4 (2
Slide 15: Adjusted EBITDA and margin by segment (three months)
Adjusted EBITDA and Adjusted EBITDA margin (non-GAAP measures)" ? by segment Three Months Ended June 31 {in millions, unless otherwise stated) 26 Industrial Consumer ise stated) Three Months Ended June 31 Risk & Compliance Software Segment operating income $ 103 Depreciation and 16 amortization expe
Slide 16: Adjusted EBITDA and margin by segment (six months)
Adjusted EBITDA and Adjusted EBITDA margin (non-GAAP measures)" ? by segment Six Months Ended Six Months Ended June 31 June 31 (in millions, unless otherwis (in millions, unless otherwise stated) 26 5 | (in millions, unless otherwise stated) Industrial Consumer Risk & Compliance Software Segment ope
Slide 17: Adjusted Net Income and Adjusted Net Income margin
Adjusted Net Income and Adjusted Net Income margin (non-GAAP measures): 2 Three Months Ended Six Months Ended June 30, June 30, (in millions, un 2026 Net income $ 254 § $ 352 S$ Gain on divestiture (191) = (191) = Other (income) expense, net (2) 4 (2) 7 Stock-based compensation 23 13 35 21 Restructu
Slide 18: Adjusted Diluted Earnings Per Share
Adjusted Diluted Earnings Per Share (non-GAAP measure)' June 30, June 30, 2026 2026 Diluted earnings per share $ 1.21 $ 0.45 $ 166 $ 0.78 Gain on divestiture (0.94) -_ (0.94) _ Other (income) expense, net (0.01) 0.02 (0.01) 0.04 Stock-based compensation 0.11 0.06 0.17 0.10 Restructuring — — _ (0.01)
Slide 19: Free Cash Flow and Free Cash Flow margin
Free Cash Flow and Free Cash Flow margin (non-GAAP measures) 2 Six Months Ended Net cash provided by operating activities $ 379° $ $ Capital expenditures (138) (93) (242) (217) Free Cash Flow! $ 241 $ 208 $ 436 $ 364 Revenue $ 1,574 §$ 1,481 $ 3,146 § 2,951 Net cash provided by operating activities
Slide 20: @) Solutions
@) Solutions