Slide 1: Fourth Quarter 2025 Earnings Webcast Presentation
Fourth Quarter 2025 Earnings Webcast Presentation Rollins, Inc. February 12, 2026 1 © 2026 Rollins, Inc. All rights reserved.
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements This presentation as well as other written or oral statements by the Company may contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. We have based these forward-looking statements on our cu
Slide 3: Reconciliation of GAAP and Non-GAAP Financial Measures
Reconciliation of GAAP and Non-GAAP Financial Measures A non-GAAP financial measure is a numerical measure of financial performance, financial position, or cash flows that either 1) excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the mos
Slide 4: Full Year 2025 Results
Full Year 2025 Results Other FY 2025 Highlights $3.8B 11.0% • Double-digit growth across all major Revenue up service lines • Organic growth of 6.9%, acquisitions $1.12 13.1% drove remaining 4.1% of growth. Adjusted up EPS1 • One-time business was a drag on growth in the fourth quarter. Organic recu
Slide 5: Fourth Quarter 2025 Results
Fourth Quarter 2025 Results Other Q4 Highlights $912.9M 9.7% • Organic growth1 was 5.7%, Revenue up acquisitions drove remaining 4.0% growth $0.25 8.7% • Softer one-time revenues due to Adjusted up short-term weather impacts. This was EPS1 partially offset by organic recurring & ancillary service gr
Slide 6: FY 2025 Revenue Growth
FY 2025 Revenue Growth +6.9% organic1 (in millions) +9.9% organic1 +4.1% acquisition1 +7.6% organic1 +3.7% acquisition1 +11.0% total +5.0% organic1 +2.9% acquisition1 +13.6% total +5.3% acquisition1 +10.5% total +10.3% total $93.4 $2.1 $3,761.1 $118.8 $158.1 $3,388.7 $68M organic1 $86M organic1 $25M
Slide 7: Q4 Revenue Growth
Q4 Revenue Growth +5.7% organic1 (in millions) +7.6% organic1 +4.0% acquisition1 +6.4% organic1 +4.3% acquisition1 +9.7% total +2.3% acquisition1 +11.9% total +4.4% organic1 +5.3% acquisition1 +8.7% total +9.7% total $20.5 $912.9 $24.5 ($0.1) $35.9 $832.2 $13M organic1 $18M organic1 $7M acquisition1
Slide 8: FY 2025 Adjusted EBITDA Margin
FY 2025 Adjusted EBITDA Margin1 KEY DRIVERS -10 bps 0.1% 22.8% Gross Profit -0.1% 22.7% • Improvements in margin -0.1% associated with materials & supplies and insurance & claims, partially offset by higher fleet and other costs; people costs were neutral to gross margin Adj. SG&A1 • Lower volumes n
Slide 9: Q4 Adjusted EBITDA Margin
Q4 Adjusted EBITDA Margin1 KEY DRIVERS 21.8% -60 bps Gross Profit • Negatively impacted by higher -0.3% 0.1% 21.2% people costs and fleet costs, partially offset by -0.4% improvements in materials & supplies and insurance & claims Adj. SG&A1 • Lower volumes negatively impacted leverage across severa
Slide 10: Free Cash Flow and Capital Allocation
Free Cash Flow and Capital Allocation Q4 2025 Free Cash Flow1 FY 2025 Free Cash Flow1 FY 2025 Uses of Cash Flow -13.6% +12.1% Capex $28M $184M $650M $580M $159M Share Repurchases Dividends $217M $328M M&A $310M Q4 2024 Q4 2025 FY 2024 FY 2025 174% 137% 124% 123% Cash Flow & Balance Sheet Cash Genera
Slide 11: Unabated Long-Term Financial Performance
Unabated Long-Term Financial Performance 24 Years of Financial High Recurring 90+% Domestic Consecutive Consistency Across Revenue Revenue Growth Cycles COVID Pandemic Industrial Slowdown 12% Revenue Growth 6% Revenue 14% Adj. EBITDA1 $3,761 Growth Growth $3,389 $3,500 Great Financial Crisis 8% Adj.
Slide 12: Key Takeaways
Key Takeaways Better Before Bigger Sustainable Growth Margins Remain a Focus Balance Sheet Provides Flexibility Made investments throughout Solid revenue growth of 11.0% Continue to focus on pricing and Healthy balance sheet positions our business to support our for FY 2025 with double-digit product
Slide 13: Types of Revenue
Types of Revenue “Sticky” multi-dimensional, multi-year relationships with customers More transactional customer relationship Recurring Revenue Ancillary Revenue One-Time Revenue • Ongoing pest prevention and • Prevention of pest issue or • Single-service treatment for a treatment under a scheduled
Slide 14: Growth Algorithm
Growth Algorithm Last 3 Years 2026E Medium-Term Outlook Above-Market ~7% to 8% Organic Revenue Growth 12% ~2% to 3% M&A Organic Growth + M&A Adj. Incremental 23% 25-30% ~30-35% EBITDA Margin1 FCF Conversion1 125% >100% >100% 14 1 These amounts are non-GAAP numbers (See Appendix). © 2026 Rollins,
Slide 15: Appendix
Appendix 15 © 2025 Rollins, Inc. All rights reserved.
Slide 16: Reconciliation of GAAP and Non-GAAP Financial Measures
Reconciliation of GAAP and Non-GAAP Financial Measures (1) Consists of expenses associated with the amortization of certain intangible assets and adjustments to the fair value of contingent consideration resulting from the acquisitions of Fox Pest Control and Saela Pest Control. While we exclude suc
Slide 17: Reconciliation of GAAP and Non-GAAP Financial Measures
Reconciliation of GAAP and Non-GAAP Financial Measures (1) Consists of expenses associated with the amortization of certain intangible assets and adjustments to the fair value of contingent consideration resulting from the acquisitions of Fox Pest Control and Saela Pest Control. While we exclude suc
Slide 18: Reconciliation of GAAP and Non-GAAP Financial Measures
Reconciliation of GAAP and Non-GAAP Financial Measures (1) The U.S. Internal Revenue Service provided disaster relief to all State of Georgia taxpayers due to the impact of Hurricane Helene. Therefore, we did not make an estimated payment for U.S. federal income tax purposes in the fourth quarter of
Slide 19: Reconciliation of GAAP and Non-GAAP Financial Measures
Reconciliation of GAAP and Non-GAAP Financial Measures 19 © 2026 Rollins, Inc. All rights reserved.
Slide 20: Reconciliation of GAAP and Non-GAAP Financial Measures
Reconciliation of GAAP and Non-GAAP Financial Measures (1) As of December 31, 2025, the Company had outstanding borrowings of $114.4 million under our commercial paper program and $9.3 million in bank overdrafts. The Company's short-term borrowings are presented under the short-term debt caption of
Slide 21: Reconciliation of GAAP and Non-GAAP Financial Measures
Reconciliation of GAAP and Non-GAAP Financial Measures (1) Consists of expenses associated with the amortization of certain intangible assets and adjustments to the fair value of contingent consideration resulting from the acquisitions of Fox Pest Control and Saela Pest Control. While we exclude suc