Slide 1: Q1-2025 Earnings Call
Q1-2025 Earnings Call April 24, 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, ele
Slide 3: Solid Execution, Staying Agile
Solid Execution, Staying Agile MSD revenue growth Strong margin expansion and operating leverage Affirming FY-2025 Adj. EPS outlook of $7.65-$7.85 3 Q1-2025 Financial Results
Slide 4: Capital Allocation
Capital Allocation Invest for Acquisitions Dividend Share Repurchases Organic Growth ~$44M $40M $0.51 per ordinary share In Q1 2025 of the company Acquisition of Trimco Hardware completed on April 1, 2025. 4 Q1-2025 Financial Results All brand names, product names or trademarks are the property of t
Slide 5: Q1-2025 Financial Summary
Q1-2025 Financial Summary Revenue Adjusted OI Adjusted EBITDA Adjusted ACF YTD $Millions Margin Margin EPS $Millions +5.4% +150 bps +140 bps +20.0% +249% 24.2% $83.4 $941.9 $893.9 22.7% 22.8% $1.86 21.2% $1.55 $23.9 Q1 24 Q1 25 Q1 24 Q1 25 Q1 24 Q1 25 Q1 24 Q1 25 Q1 24 Q1 25 ▪ Organic growth of 4.0%
Slide 6: Q1-2025 Revenue Results
Q1-2025 Revenue Results $Millions 1000 $966 $967 $946 $942 950 $894 900 850 800 750 700 650 600 -3.6% 5.2% 3.3% 3.5% 4.0% 550 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Current Quarter Revenue Prior Quarter Revenue Organic Growth % noted Price Volume Organic Acq/Div Currency Total Q1 1.1% 2.9% +4.0% 2.
Slide 7: Allegion Americas Results
Q1-2025 Allegion Americas Results Revenue Adjusted OI% Adjusted EBITDA% $Millions +6.8% +130 bps +130 bps $709.3 $757.8 30.5% 29.2% 29.2% 27.9% Q1 24 Q1 25 Q1 24 Q1 25 Q1 24 Q1 25 Q1 Revenue Performance Q1 Adjusted Margin Performance ▪ Organic revenue growth of 4.9% ▪ Price, productivity, inflation,
Slide 8: Allegion International Results
Q1-2025 Allegion International Results Revenue Adjusted OI% Adjusted EBITDA% $Millions -0.3% -20 bps -40 bps $184.6 $184.1 10.4% 10.2% 12.9% 12.5% Q1 24 Q1 25 Q1 24 Q1 25 Q1 24 Q1 25 Q1 Revenue Performance Q1 Adjusted Margin Performance ▪ Organic revenue growth of 0.9% ▪ Price, productivity, inflati
Slide 9: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Available Cash Flow Working Capital Leverage $Millions % of Revenue +249% $83.4 10.0% 9.0% 2.4x 2.1x $23.9 1.9x 1.6x Q1 24 Q1 25 Q1 24 Q1 25 Q1 24 Q1 25 Gross Debt/Adj EBITDA Capex $27.2M $21.1M Net Debt /Adj EBITDA ▪ Higher earnings, improved working capital management and
Slide 10: Key Outlook Dynamics
Key Outlook Dynamics Markets Allegion Sourcing into U.S. U.S. Non-Residential EPS outlook includes enacted tariffs estimated at ▪ Late-cycle resiliency ~$80M for FY-2025 ▪ Specifications grew in 2024 and Q1 2025 Mexico ▪ Broad end market exposure ▪ ~20-25% enterprise COGS ▪ Vast majority USMCA compl
Slide 11: Agile & Resilient
Agile & Resilient Solid execution Accelerating capital deployment Affirming FY-2025 Adj. EPS outlook of $7.65-$7.85 11 Q1-2025 Financial Results
Slide 12: Q&A
Q&A
Slide 13: Appendix
Appendix
Slide 14: Allegion EPS Performance
Q1-2025 Allegion EPS Performance M&A: $0.02 Inclusive of $0.04 from Restructuring: ($0.01) Amortization: $0.12 Acquisitions M&A: ($0.01) Amortization: ($0.13) 14 Q1-2025 Financial Results See appendix for definitions and press release for non-GAAP reconciliations
Slide 15: 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 16: 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