Rollins, Inc.NYSE: ROL

Australia and Asia Roadshow Presentation

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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 most directly comparable measure calculated and presented in accordance with GAAP in the statement of income, statement of financial position or statement of cash flows, or 2) includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented.

These measures should not be considered in isolation or as a substitute for revenues, net income, earnings per share or other performance measures prepared in accordance with GAAP. Management believes all of these non-GAAP financial measures are useful to provide investors with information about current trends in, and period-over-period comparisons of, the Company's results of operations. An analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP.

The Company has used the following non-GAAP financial measures in this presentation:

EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, incremental EBITDA margin and adjusted incremental EBITDA margin

EBITDA is calculated by adding back to net income depreciation and amortization, interest expense, net, and provision for income taxes. EBITDA margin is calculated as EBITDA divided by revenues. Adjusted EBITDA and adjusted EBITDA margin are calculated by further adding back those expenses resulting from the adjustments to the fair value of contingent consideration resulting from the acquisitions of Fox Pest Control and Saela Pest Control, and excluding gains and losses on the sale of non-operational assets and gains on the sale of businesses. Management uses EBITDA, EBITDA margin, adjusted EBITDA and adjusted EBITDA margin as measures of operating performance because these measures allow the Company to compare performance consistently over various periods. Incremental EBITDA margin is calculated as the change in EBITDA divided by the change in revenue. Management uses incremental EBITDA margin as a measure of operating performance because this measure allows the Company to compare performance consistently over various periods. Adjusted incremental EBITDA margin is calculated as the change in adjusted EBITDA divided by the change in revenue. Management uses adjusted incremental EBITDA margin as a measure of operating performance because this measure allows the Company to compare performance consistently over various periods.

Free cash flow and free cash flow conversion

Free cash flow is calculated by subtracting capital expenditures from cash provided by operating activities. Management uses free cash flow to demonstrate the Company's ability to maintain its asset base and generate future cash flows from operations. Free cash flow conversion is calculated as free cash flow divided by net income. Management uses free cash flow conversion to demonstrate how much net income is converted into cash. Management believes that free cash flow is an important financial measure for use in evaluating the Company's liquidity. Free cash flow should be considered in addition to, rather than as a substitute for, net cash provided by operating activities as a measure of our liquidity. Additionally, the Company's definition of free cash flow is limited, in that it does not represent residual cash flows available for discretionary expenditures, due to the fact that the measure does not deduct the payments required for debt service and other contractual obligations or payments made for business acquisitions. Therefore, management believes it is important to view free cash flow as a measure that provides supplemental information to our consolidated statements of cash flows.

The Company has not provided a reconciliation of its forward outlook for adjusted incremental EBITDA margin with its forward-looking GAAP net income in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. The Company is unable to predict with reasonable certainty the amount and timing of adjustments that are used to calculate this non-GAAP financial measure.

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© 2026 Rollins, Inc. All rights reserved.

WE COMPOUND REVENUE, EARNINGS, AND CASH FLOW BY ACQUIRING AND GROWING MARKET-LEADING PEST CONTROL BUSINESSES

© 2026 Rollins, Inc. All rights reserved.

Long Term Compounder

Long-Term (2000-LTM

CAGR)

Revenue

+7%

Adj. EBITDA 1

+14%

Operating Cash Flow

+18%

Average Annual TSR



+21%

  1. This is a non-GAAP measure

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© 2026 Rollins, Inc. All rights reserved.



Unabated Long-Term Financial Performance

($MM)

$3,500

$3,000

$2,500

COVID Pandemic

Industrial Slowdown

12% Revenue Growth

$3,389

$3,680

Great Financial Crisis

6% Revenue Growth

9% Adj. EBITDA1

Growth

10% Revenue Growth

$2,015

13% Adj. EBITDA1

Growth

$2,696

$2,424

$2,161

$3,073

14% Adj. EBITDA1

Growth

$1,822

$1,412

$1,485

$1,573

$1,674

$1,074 $1,137

$1,205

$1,271

$1,337

$802

$859

$895

$1,021

$647

$650

$665

$677

$751

$691

$772

$843

$33 $47 $66 $78 2000 2001 2002 2003

$97 2004

$105 $120 $130 $147 2005 2006 2007 2008

$167

2009

$181 $200 $214 $231

2010 2011 2012 2013

$262

2014

$286 $311

$351

$376

$399

$456

$542

$585

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 LTM

$2,000

$1,500

$1,000

$500

$0

Adj. EBITDA

Revenue

2025

Adj. EBITDA1 5%

7%

10%

12%

13%

13%

14% 14%

14%

16% 16%

17% 17%

17% 19% 19%

20% 21%

21%

20% 21%

22%

22%

22%

23%

23%

FCF Conversion1: NM

124%

160%

144%

110%

97%

115% 112%

110%

113% 123%

135% 110%

117% 120% 103%

116% 118%

118%

144% 158%

105%

118%

114%

124%

131%

Margin:

Recession-resilient business model yields consistently strong financial performance

  1. This is a non-GAAP measure

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    © 2026 Rollins, Inc. All rights reserved.



    Multi-Brand, Multi-Channel Approach
    • Enables balanced & disciplined approach to customer acquisition

    • Not overly reliant on one channel to acquire new customers

    • Brands share best practices and market intelligence across the portfolio

      Brand A Brand B Brand C Brand D Brand E Brand F

    • Future collaboration opportunity when cooperative systems are in place - "one version of truth"

      Performance Brand Building B2B Other

      Diversified Approach to Customer Acquisition Through Performance Marketing, Door-to-Door, Brand Building, etc.

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      © 2026 Rollins, Inc. All rights reserved.



      Runway for Expansion from Disciplined M&A

      Robust Pipeline of M&A Opportunities & Solid Track Record of M&A Execution

      Source: IBISWorld, Veseris PCT Top 100 List

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      © 2026 Rollins, Inc. All rights reserved.



      Capital Allocation Over the Last 3 Years

      $800

      $766M

      Capex

      $22M

      $400

      $0

      Dividends

      M&A

      Share Repurchases

      Capex

      $2,800

      $2,608M

      Capex

      $113M

      $1,400

      $0

      Dividends

      M&A

      Share Repurchases

      Capex

      YTD Ǫ3 2025 Capital Allocation 2022-Ǫ3 2025 Capital Allocation

      Share Repurchases1

      $217M

      M&A

      $288M

      Dividends

      $239M

      Share Repurchases1

      $550M

      M&A

      $932M

      Dividends

      $1,013M

      1. Share repurchases includes November 2025 transaction which occurred following Q3 2025.

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      © 2026 Rollins, Inc. All rights reserved.



      Modernization Achieved: Building a Strong Foundation ...

      Rollins' Modernization Journey is Just Getting Started

      CAPITAL ALLOCATION

      • Executed scaled M&A to penetrate new markets / geographies and expand customer acquisition capabilities

      • Increased regular dividend ~80% since 2022

      • Opportunistic share repurchases, including $300M repurchase concurrent with 2023 secondary offering and

$200M repurchase with the 2025 secondary offering

CAPITAL STRUCTURE

  • Upsized revolver to $1Bn to enhance flexibility and modernize capital structure

  • Inaugural Investment Grade Credit Rating of BBB+ (Fitch) and BBB (S&P)

  • Debut $500M bond issuance

  • Established commercial paper program

    INVESTOR RELATIONS

    • Secondary offering in 2023 transitioned the company to non-controlled status with family ownership <50%

    • Implemented performance share program

    • Increased sell-side analyst coverage from 5 analysts (2022) to 15 analysts (2025)

BOARD & TALENT

  • Began transitioning to declassified board in 2025 and appointed two new board members in 2024 and 2025, Dale Jones and Paul Donahue

  • Appointed Louise Sams as lead independent director in 2024

  • Project New Day aimed at striking a balance between new leadership

and tenured / experienced leaders

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© 2026 Rollins, Inc. All rights reserved.





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