Slide 1: Q3-2025 Earnings Call
Q3-2025 Earnings Call October 23, 2025
Slide 2: Cautionary Statements
Cautionary Statements Forward-Looking Statements This presentation contains "forward-looking statements," which are statements that are not historical facts, including, but not limited to, statements related to FY-2025 Outlook, FY-2025 EPS Outlook Details and statements regarding market trends, elec
Slide 3: Solid Execution, Staying Agile
Solid Execution, Staying Agile ▪ Double-digit revenue growth for the enterprise ▪ Accelerated capital deployment ▪ Raising FY-2025 Adj. EPS outlook to $8.10-$8.20 3 Q3-2025 Financial Results
Slide 4: Capital Allocation
Capital Allocation Invest for Acquisitions Dividend Share Repurchases Organic Growth ~$44M $80M Schlage Performance SeriesTM ~$110M combined $0.51 per ordinary share YTD 2025 purchase price of the company 4 Q3-2025 Financial Results
Slide 5: Q3-2025 Financial Summary
Q3-2025 Financial Summary Revenue Adjusted OI Adjusted EBITDA Adjusted ACF YTD $Millions Margin Margin EPS $Millions +10.7% -10 bps Flat +6.5% +25.1% $1,070.2 25.7% 25.7% $2.16 $2.30 24.2% 24.1% $967.1 $485.2 $388.0 Q3 24 Q3 25 Q3 24 Q3 25 Q3 24 Q3 25 Q3 24 Q3 25 Q3 24 Q3 25 ▪ Organic growth of 5.9%
Slide 6: Q3-2025 Allegion Americas Results
Q3-2025 Allegion Americas Results Revenue Adjusted Adjusted $Millions OI% EBITDA% +7.9% +40 bps +40 bps $782.4 $844.0 29.9% 30.8% 31.2% 29.5% Q3 24 Q3 25 Q3 24 Q3 25 Q3 24 Q3 25 Q3 Revenue Performance Q3 Adjusted Margin Performance ▪ Organic revenue growth of 6.4% ▪ Volume leverage and favorable mix
Slide 7: Q3-2025 Allegion International Results
Q3-2025 Allegion International Results Revenue Adjusted Adjusted $Millions OI% EBITDA% +22.5% +70 bps +60 bps $184.7 $226.2 14.3% 16.0% 16.6% 13.6% Q3 24 Q3 25 Q3 24 Q3 25 Q3 24 Q3 25 Q3 Revenue Performance Q3 Adjusted Margin Performance ▪ Organic revenue growth of 3.6%, led by ▪ Volume leverage and
Slide 8: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Available Cash Flow Working Capital Leverage $Millions % of Revenue +25.1% 2.7x 2.1x $485.2 7.7% 7.9% $388.0 1.7x 1.8x Q3 YTD 24 Q3 YTD 25 Q3 24 Q3 25 Q3 24 Q3 25 Capex $68M $58.5M Gross Debt/Adj EBITDA Net Debt /Adj EBITDA ▪ Higher earnings, improved working ▪ Working capi
Slide 9: FY-2025 Outlook
FY-2025 Outlook Prior Outlook Current Outlook Total Company Reported: Organic: Reported: Organic: Revenue 6.5% - 7.5% 3.5% - 4.5% 7.0% - 8.0% 3.5% - 4.5% Segment Revenue Americas: International: Americas: International: Organic +MSD ~Flat +MSD ~Flat Acquisitions / Divestitures ~+1.5% ~+5% +1.5 - 2.0
Slide 10: 2026 Preview
2026 Preview ▪ Broad end market exposure supports non-residential growth Americas ▪ Residential markets remain soft ▪ Tariff environment remains dynamic; Continue to expect price actions to cover inflation ▪ Markets remain sluggish International ▪ Acquisitions driving growth and margin expansion ▪ C
Slide 11: Solid Execution, Staying Agile
Solid Execution, Staying Agile ▪ Double-digit revenue growth for the enterprise ▪ Accelerated capital deployment ▪ Raising FY-2025 Adj. EPS outlook to $8.10-$8.20 11 Q3-2025 Financial Results
Slide 12: Allegion
ALLEGION’ PIONEERING SAFETY”
Slide 13: Appendix
ALLEGION’ PIONEERING SAFETY” Appendix
Slide 14: Key 2025 Outlook Dynamics
Key 2025 Outlook Dynamics Allegion Sourcing into U.S. 2025 Other Items EPS outlook includes enacted tariff costs and associated pricing estimated at ~$40M for FY- ▪ Interest / Other Expense: ~$90M 2025; EPS neutral; Limited impact from section ▪ Tax Rate: 17-18% 232 scope expansion on Aug. 18, 2025
Slide 15: Q3-2025 Revenue Results
Q3-2025 Revenue Results $Millions 1,100.0 1,000.0 900.0 800.0 700.0 $1,022 $1,070 600.0 $967 $946 $942 500.0 400.0 3.3% 3.5% 4.0% 3.2% 5.9% 300.0 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Current Quarter Revenue Prior Quarter Revenue Organic Growth % noted Price Volume Organic Acq/Div Currency Total Q
Slide 16: Q3-2025 Allegion EPS Performance
Q3-2025 Allegion EPS Performance Inclusive of $0.06 from Acquisitions/divestiture Restructuring: ($0.01) Restructuring: $0.01 M&A: ($0.03) M&A: $0.02 Amortization: ($0.17) Amortization: $0.13 Loss on sale: ($0.01) Impairment: $0.01 Tax benefit: $0.10 16 Q3-2025 Financial Results See appendix for def
Slide 17: FY-2025 EPS Outlook Details
FY-2025 EPS Outlook Details Tax rate at midpoint of 17% - 18% Inclusive of ~$0.20 from acquisitions 17 Q3-2025 Financial Results See appendix for definitions and press release for non-GAAP reconciliations
Slide 18: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures The company presents operating income, operating margin, earnings before income tax, effective tax rate, net debt, 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
Slide 19: About Allegion
About Allegion At Allegion (NYSE: ALLE), we design and manufacture innovative security and access solutions that help keep people safe where they live, learn, work and connect. We’re pioneering safety with our strong legacy of leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Vo