OTIS Q4 2025 Earnings Presentation

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Forward-Looking Statements Note: All results and expectations in this presentation reflect continuing operations unless otherwise noted. This communication contains statements which, to the extent they are not statements of historical or present fact, constitute “forward-looking statements” under the securities laws. From time to time, oral or written forward-looking statements may also be included in other information released to the public. These forward-looking statements are intended to provide management’s current expectations or plans for Otis’ future operating and financial performance, based on assumptions currently believed to be valid. Forward-looking statements can be identified by the use of words such as “believe,” “expect,” “expectations,” “plans,” “strategy,” “prospects,” “estimate,” “project,” “target,” “anticipate,” “will,” “should,” “see,” “gu idance,” “outlook,” “medium-term,” “near-term,” “confident,” "goals" and other words of similar meaning in connection with a discussion of future operating or financial performance. Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, dividends, share repurchases, tax rates, research & development spend, restructuri ng or transformation actions (including UpLift and related reorganization and outsourcing activities and such actions with respect to our business in China), credit ratings, net indebtedness and other measures of financial performance or potential future plans, strategies or transactions, or statements that relate to climate change and our intent to achieve certain sustainability targets or other corporate responsibility initiatives, including operational impacts and costs associated therewith, and other statements that are not historical facts. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. For those statements, Otis claims the protection of the safe harbor for forward-looking statements contained in the U.S. Private Securities Litigation Reform Act of 1995. Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which Otis and its businesses operate and any changes therein, including financial market conditions, fluctuations in commodity prices and other inflationary pressures, interest rates and foreign currency exchange rates, levels of end market demand in construction, pandemic health issues, natural disasters, whether as a result of climate change or otherwise, and the financial condition of Otis’ customers and suppliers; (2) the effect of changes in political conditions in the U.S. and in other countries in which Otis and its businesses operate, including tensions between the U.S. and China and geopolitical conflicts, including the ongoing conflict between Russia and Ukraine and instability in the Middle East, on general market conditions, commodity costs, global trade policies and related sanctions, export controls and tariffs, and currency exchange rates in the near term and beyond; (3) challenges in the development, production, delivery, support, employee adoption, performance and realization of the anticipated benefits of advanced technologies and new products and services; (4) future levels of indebtedness, capital spending and research and development spending; (5) future availability of credit and factors that may affect such availability or costs thereof, including credit market conditions and Otis’ capital structure; (6) the timing and scope of future repurchases of Otis’ common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash; (7) fluctuations in prices and delays and disruptions in delivery of materials and services from suppliers, whether as a result of changes in general economic conditions, geopolitical conflicts or otherwise; (8) cost reduction or containment actions, restructuring or transformation costs and related savings and other consequences thereof, including with respect to UpLift and our China business and related impacts of reorganization, change management and outsourcing activities, as applicable; (9) new business and investment opportunities and the realization of anticipated benefits, including meeting customer expectations and maintaining our competitiveness; (10) the outcome of legal proceedings, investigations and other contingencies; (11) pension plan assumptions and future contributions; (12) the impact of the negotiation of collective bargaining agreements and labor disputes, labor actions, including strikes or work stoppages, and labor inflation in the markets in which Otis and its businesses operate globally; (13) the effect of changes in laws, regulations and enforcement priorities in the U.S. and other countries in which Otis and its businesses operate; (14) the ability of Otis to retain and hire key personnel; (15) the scope, nature, impact or timing of acquisition and divestiture activity, the integration of acquired businesses into existing businesses and realization of synergies and opportunities for growth and innovation and incurrence of related costs; (16) the determination by the Internal Revenue Service (the "IRS") and other tax authorities that the distribution or certain related transactions should be treated as taxable transactions in connection with the separation (the “Separation”) of Otis and Carrier Global Corporation ("Carrier") from United Technologies Corporation (now known as RTX Corporation (“RTX”); and (17) our obligations and disputes that have or may hereafter arise under the agreements we entered into with RTX and Carrier in connection with the Separation. The above list of factors is not exhaustive or necessarily in order of importance. For additional information on identifying factors that may cause actual results to vary from those stated in forward-looking statements, see Otis’ registration statement on Form 10 and the reports of Otis on Forms 10-K, 10-Q and 8-K filed with or furnished to the SEC from time to time. Any forward-looking statement speaks only as of the date on which it is made, and Otis assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law. © 2026 OTIS WORLDWIDE CORPORATION. 2

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26% modernization orders growth2 5% Service organic1 sales growth 40 bps adjusted operating profit margin1 expansion $1.6B adjusted free cash flow1 © 2026 OTIS WORLDWIDE CORPORATION. • Organic1 sales up 1%… Service up 5% • Adjusted operating profit margin1 expanded 70 bps… Service expanded 100 bps • Adjusted EPS1 up 11% • Modernization orders up 43%; backlog up 30% at constant currency1 • Adjusted free cash flow1 of $817M… up 20% Q4 and FY 2025 highlights Solid earnings growth in Q4 generated by our Service flywheel... 1 See appendix for additional information regarding these non-GAAP financial measures. 2 At constant currency. FY 2025 3 ...creating value for all stakeholders • Launched several innovations to support urban renewal and accessible mobility; launched Gen3TM product family in EMEA • Grew to 1.1 million connected units driving IoT and digital ecosystem • Returned ~$1.5B to shareholders in 2025, supported by strong adjusted free cash flow1

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PHMS Pediatric Hospital Dallas, USA © 2026 OTIS WORLDWIDE CORPORATION. 4 Q4 2025 orders Q4 2025 highlights MTR, Hong Kong 1 At constant currency. See appendix for additional information regarding these non-GAAP financial measures. Orders1 Shanghai Metro - Line 19 Shanghai, China Backlog1 (YOY Changes) Armani Hallson Kuala Lumpur, Malaysia Transport for London - Escalator Management Contract London, UK

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Operating profit Diluted earnings per share Adjusted operating profit up $29M at constant currency1, excluding $18M of FX tailwinds Adjusted operating profit margin1 expanded 70 bps basis points to 16.6%, driven by favorable segment mix and segment performance © 2026 OTIS WORLDWIDE CORPORATION. Q4 2025 results Sales ($ millions, except per share amounts) Adjusted1 Adjusted margin1 Organic1 1% FX 2% Net acquisitions/other ~Flat Total net sales 3% Adjusted1 Adjusted EPS1 drivers Operational $0.06 FX $0.03 Other $0.01 GAAP 531 589 GAAP $0.84 $0.95 5 1 See appendix for additional information regarding these non-GAAP financial measures.

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Operating profit up $49M at constant currency Volume Pricing Productivity Gains on asset sales Labor costs Mix Sales © 2026 OTIS WORLDWIDE CORPORATION. Q4 2025 Service segment results New Equipment 6 Organic1 sales up 5% • Maintenance & repair up 4% • Modernization up 9% 1 See appendix for additional information regarding these non-GAAP financial measures. + - + 12% +100 bps Y/YY/Y 8% 5% Organic1 Operating profit margin ($ millions) + - Segment Operating Profit Service 93% + Operating profit

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Sales Organic1 sales down 6% • Americas down 5% • EMEA up 6% • Asia down 15% – Asia Pacific up LSD – China down >20% Operating profit Operating profit down $15M at constant currency1 Productivity Volume Price & mix Tariffs Q4 2025 New Equipment segment results 7 Y/Y (5%) (6%) (27%) (110) bps Y/Y Operating profit margin 1 See appendix for additional information regarding these non-GAAP financial measures. + - Service © 2026 OTIS WORLDWIDE CORPORATION. ($ millions) Organic1 Segment Operating Profit - New Equipment 7% -

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© 2026 OTIS WORLDWIDE CORPORATION. 8 FY 2025 adjusted EPS1 growth drivers 11 Volume Productivity Pricing UpLift & China Transformation Commodities Mix & churn Wage inflation Tariffs2 Corporate/other ++++ -- - - ++ Shares NCI Interest +6% Q4: EUR @ 1.16 CNY @ 7.10 FY: EUR @ 1.12 CNY@ 7.20 - 1 See appendix for additional information regarding these non-GAAP financial measures. 2 Tariff expenses were previously included within FX, which was formerly labeled as FX & Tariffs 11

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1 Based on Otis internal estimates for the markets in which we operate. © 2026 OTIS WORLDWIDE CORPORATION. 9 2026 industry outlook1 New Equipment 2026 VPY: • Americas up • EMEA up • Asia down Modernization Aged installed base (units) Industry value growth ($)Industry units Change in industry units ~8% ~2%~6% Sequential stabilization Double-digit, global synchronous growth

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2026 total and organic1 sales outlook © 2026 OTIS WORLDWIDE CORPORATION. 10 2026 outlook New Equipment sales (organic) down 7% Service sales (organic) up 5% Total sales (organic) up mid to high single digits ~flat 2025 actuals 1 See appendix for additional information regarding these non-GAAP financial measures. down low single digits to flat up low to mid-single digits Total net sales at actual currency $15.0B to $15.3B$14.4B

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1 See appendix for additional information regarding these non-GAAP financial measures. 2026 financial outlook © 2026 OTIS WORLDWIDE CORPORATION. 2026 outlook Constant currency adj. operating profit1 up $46M up $60M to $100M Adjusted free cash flow1 $1.6B $1.6B to $1.7B 2025 actuals Share repurchases ~$800M 11 ~$800M

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12© 2026 OTIS WORLDWIDE CORPORATION. + + + - 1 See appendix for additional information regarding these non-GAAP financial measures. For comparability, Russia is also excluded from 2019 and 2020 adjusted results. Volume Productivity Pricing UpLift & China Transformation New Equipment backlog margin Mix & churn Wage inflation Investments + -- - Otis outlookTotal adjusted operating profit1 of $2.5 to $2.6B, up $60M to $100M at constant currency1; up $100M to $140M at actual currency Total adj. op profit...driven by sustained Service growth Service operating profit and margin ($ billions)

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FX $0.08 EUR @ 1.18 CNY @ 6.96 © 2026 OTIS WORLDWIDE CORPORATION. 13 Accelerating growth in 2026 ~ Flat $80M Constant currency adj. operating profit1 Adjusted EPS1 up mid to high single digits 3% $0.23 Constant currency adj. op profit1 up $60 to $100M Organic1 sales up low to mid-single digits 1 See appendix for additional information regarding these non-GAAP financial measures $0.22

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16 UpLift and China Transformation successfully completed Cumulative in-year benefits ($ millions) Achieved savings Run-rate savings ~$120 million ~$240 million China Transformation savings © 2026 OTIS WORLDWIDE CORPORATION. UpLift savings Appendix $240M of run rate savings achieved, higher than originally anticipated… 2025 implementation costs $20M below the latest outlook

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© 2026 OTIS WORLDWIDE CORPORATION. 1 See additional information regarding these non-GAAP financial measures. ($ billions, at constant currency1) Remaining performance obligation New Equipment orders New Equipment Maintenance & repair Modernization Y/Y 2% 1% 30% 4% 17 Modernization orders 17.7 18.2 18.4 Backlog and orders Appendix

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$29M at constant currency1 © 2026 OTIS WORLDWIDE CORPORATION. 18 Q4 2025 adjusted operating profit1 drivers 1 See additional information regarding these non-GAAP financial measures. 1 1 Adjusted operating profit margin1expanded 70 bps basis points to 16.6% Actual currency ($17M) +$69M ($5M) +$47M Appendix Productivity Volume Price & Mix Tariffs + - - ++ - + Volume Pricing Productivity Gains on asset sales Labor costs Mix - - +

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Operating profit Diluted earnings per share $4.07 Sales Organic1 ~Flat FX 1% Net acquisitions/other ~Flat Total net sales 1% Adjusted operating profit up $46M at constant currency1, excluding $32M of FX tailwinds Adjusted operating profit margin1 expanded 40 basis points to 16.9%, driven by favorable segment mix, partially offset by segment performance © 2026 OTIS WORLDWIDE CORPORATION. FY 2025 results ($ millions, except per share amounts) Adjusted1 Adjusted margin1 Adjusted1 Adjusted EPS1 drivers Operational $0.09 FX $0.06 Shares $0.09 Other ($0.02) GAAP $2,008 $2,133 GAAP $3.50 19 1 See appendix for additional information regarding these non-GAAP financial measures. Appendix

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Operating profit Operating profit up $153M at constant currency1 Volume Pricing Productivity Labor costs Mix Sales © 2026 OTIS WORLDWIDE CORPORATION. FY 2025 Service segment results New Equipment 20 Organic1 sales up 5% • Maintenance & repair up 4% • Modernization up 9% 1 See appendix for additional information regarding these non-GAAP financial measures. + - + Y/YY/Y 5% Organic1 Operating profit margin ($ millions) + Segment Operating Profit - 6% 9% 50 bps Appendix Service 91%

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Sales Organic1 sales down 7% • Americas down 7% • EMEA up 6% • Asia down 15% – Asia Pacific up MSD – China down >20% Operating profit Operating profit down $84M at constant currency1 Productivity Volume Price & mix Tariffs FY 2025 New Equipment segment results 21 Y/Y (7%) (27%) (130) bps Y/Y Operating profit margin 1 See appendix for additional information regarding these non-GAAP financial measures. + - Service - © 2026 OTIS WORLDWIDE CORPORATION. Segment Operating Profit ($ millions) Organic1 (7%) Appendix New Equipment 9% -

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~94.5% retention rate ex-China (~stable VPY) Accelerating portfolio growth Retention rate = 1 – (canceled units / total portfolio units) Conversion rate = units added to maintenance portfolio / total units eligible for conversion ~net-neutral Growth driver ~8.1% global cancellation rate 4% portfolio growth ~88.2% conversion rate ex-China (up 0.3 pts VPY) ~60.1% global conversion rate ~2.5M Portfolio growth of 4% for the fourth consecutive year 22 ~2.4M Appendix © 2026 OTIS WORLDWIDE CORPORATION.

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~540K connected2 Strong geographic diversification New Equipment sales $5.0B ~105K connected2 1 See additional information regarding these non-GAAP financial measures. 2 Connected units including units under the warranty period. ~310K connected2 ~115K connected2 Service sales $9.4B Adj. operating profit1 $2.4B Units under maintenance ~2.5M Total Otis: ~1.1M connected2 FY25 metrics Operating profit margin 4.8% Operating profit margin 25.1% 23 Appendix © 2026 OTIS WORLDWIDE CORPORATION. New Equip.

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© 2026 OTIS WORLDWIDE CORPORATION. 24 Use and Definitions of Non-GAAP Financial Measures Otis Worldwide Corporation (“Otis”) reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). We supplement the reporting of our financial information determined under GAAP with certain non -GAAP financial information. The non-GAAP information presented provides investors with additional useful information, but should not be conside red in isolation or as substitutes for the related GAAP measures. Moreover, other companies may define non -GAAP measures differently, which limits the usefulness of these measures for comparisons with such other companies. We encourage investors to review our financial statements and publicly filed reports in their entirety and not to rely on any single financial measure. A reconcilia tion of the non-GAAP measures (referenced in this press release) to the corresponding amounts prepared in accordance with GAAP appears in the atta ched tables. These tables provide additional information as to the items and amounts that have been excluded from the adjusted measures. Below are our non-GAAP financial measures Non-GAAP measure Definition Organic sales Represents consolidated net sales (a GAAP measure), excluding the impact of foreign currency translation, acquisitions and di vestitures completed in the preceding twelve months and other significant items of a non -recurring and/or nonoperational nature ("other significant items"). Management believes organic sales is a useful measure in providing period -to-period comparisons of the results of the Company’s ongoing operational performance. Adjusted selling, general and administrative ("SG&A") expense Represents SG&A expense (a GAAP measure), excluding restructuring costs and other significant items. Adjusted operating profit Represents income from continuing operations (a GAAP measure), excluding restructuring costs and other significant items. Adjusted net interest expense Represents net interest expense (a GAAP measure), adjusted for the impacts of non -recurring acquisition related financing costs and related net interest expense pending the completion of a transaction and other significant items. Adjusted noncontrolling interest in earnings Represents noncontrolling interest in earnings (a GAAP measure), excluding restructuring costs and other significant items, i ncluding related tax effects. Adjusted net income Represents net income attributable to Otis Worldwide Corporation (a GAAP measure), excluding restructuring costs and other si gnificant items, including related tax effects. Adjusted earnings per share ("EPS") Represents diluted earnings per share attributable to common shareholders (a GAAP measure), adjusted for the per share impact of restructuring and other significant items, including related tax effects. Adjusted effective tax rate Represents the effective tax rate (a GAAP measure) adjusted for other significant items and the tax impact of restructuring c osts and other significant items. Constant currency GAAP financial results include the impact of changes in foreign currency exchange rates ("AFX"). We use the non -GAAP measure “at constant currency” or “CFX” to show changes in our financial results without giving effect to period - to-period currency fluctuations. Under U.S. GAAP, income statement results are translated in U.S. dollars at the average exchang e rate for the period presented. Management believes that this non -GAAP measure is useful in providing period-to-period comparisons of the results of the Company’s ongoing operational performance. Free cash flow Represents cash flow from operations (a GAAP measure) less capital expenditures. Management believes free cash flow is a usef ul measure of liquidity and an additional basis for assessing Otis’ ability to fund its activities, including the financing of acquisitions, debt service, repurchases of common stock and distribution of earnings to shareholders. Free cash flow should not be considered an alternative to, or more meaningful than, net cash flows provided by operating activities, or any other measure of liquidity presented in accordance with GAAP. Adjusted free cash flow Represents cash flow from operations (a GAAP measure) less capital expenditures, adjusted to exclude certain items managementbelieves affect the comparability of operating results. Management believes adjusted free cash flow is a useful measure of liquidity that provides investors additional information regarding the Company’s ability to fund its activities, including the financing of acquisitions, debt service, repurchases of common stock and distribution of earnings to shareholders. Adjusted free cash flow should not be considered an alternative to, or more meaningful than, net cash flows provided by operating activities, or any other measure of liquidity presented in accordance with GAAP. Management believes that organic sales, adjusted SG&A expense, adjusted operating profit, adjusted net interest expense, adju sted noncontrolling interest in earnings, adjusted net income, adjusted EPS and the adjusted effective tax rate are useful measu res in providing period-to-period comparisons of the results of the Company’s ongoing operational performance When we provide our expectations for adjusted net sales, organic sales, adjusted operating profit, adjusted net interest expe nse, adjusted noncontrolling interest in earnings, adjusted net income, adjusted effective tax rate, adjusted EPS, free cash flo w and adjusted free cash flow on a forward-looking basis, a reconciliation of the differences between the non-GAAP expectations and the corresponding GAAP measures (expected diluted EPS from continuing operations, operating profit, the effective tax rate, net sales and exp ected cash flow from operations) generally is not available without unreasonable effort due to potentially high variability, complexity and low visibility as to the items that would be excluded from the GAAP measure in the relevant future period, such as unusual ga ins and losses, the ultimate outcome of pending litigation, fluctuations in foreign currency exchange rates, the impact and timing of potential a cquisitions and divestitures, and other structural changes or their probable significance. The variability of the excluded items may have a significant, and potentially unpredictable, impact on our future GAAP results. Appendix

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© 2026 OTIS WORLDWIDE CORPORATION. 25 Additional information Appendix (a) In August 2024, we received a favorable ruling regarding a tax litigation in Germany. As a result, income tax benefits and related interest income were recorded in 2024. Net interest expense is reflected as adjusted without $1 million and $3 million for the quarter and year ended December 31, 2025, respectively. (b) Certain tax reserves were adjusted in 2025 and 2024. As a result, Net interest expense and Noncontrolling interest are reflected as adjusted without $30 million and $21 million of interest income and $16 million and $11 million of the noncontrolling interest share of the reserves adjustments for the years ended December 31, 2025 and 2024, respectively. (c) Noncontrolling interest is reflected as adjusted without $1 million and $6 million of the noncontrolling interest share of other restructuring for the quarter and year ended December 31, 2025, respectively.

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© 2026 OTIS WORLDWIDE CORPORATION. 26 2025 GAAP to adjusted financials reconciliation Appendix (a) Separation-related adjustments in the year ended ended December 31, 2025 represent estimated amounts due to RTX Corporation (our former parent) in accordance with the Tax Matters Agreement, including those amounts related to a favorable ruling received in August 2024 regarding a tax litigation in Germany. (b) Litigation-related settlement costs in the year ended December 31, 2025 represent the aggregate amount of settlement costs and increase in loss contingency accruals, excluding legal costs, for certain legal matters that are outside of the ordinary course of business due to the size, complexity and unique facts of these matters. (c) In August 2024, we received a favorable ruling regarding a tax litigation in Germany. As a result, income tax benefits and related interest income were recorded in 2024. Net interest expense is reflected as adjusted without $1 million and $3 million for the quarter and year ended December 31, 2025, respectively. (d) Certain tax reserves were adjusted in 2025 and 2024. As a result, Net interest expense and Noncontrolling interest are reflected as adjusted without $30 million and $21 million of interest income and $16 million and $11 million of the noncontrolling interest share of the reserves adjustments for the years ended December 31, 2025 and 2024, respectively. (e) The adjusted effective tax rate represents the effective tax rate (a GAAP measure) adjusted for other significant items and the tax impact of restructuring costs and other significant items. (f) Noncontrolling interest is reflected as adjusted without $1 million and $6 million of the noncontrolling interest share of Other restructuring for the quarter and year ended December 31, 2025, respectively.

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© 2026 OTIS WORLDWIDE CORPORATION. 27 2024 GAAP to adjusted financials reconciliation Appendix (a) Separation-related adjustments in the year ended ended December 31, 2024 represent amounts due to RTX Corporation (our former parent) in accordance with the Tax Matters Agreement, including those amounts related to a favorable ruling received in August 2024 regarding a tax litigation in Germany. (b) Litigation-related settlement costs in the year ended December 31, 2024 represent the aggregate amount of settlement costs and increase in loss contingency accruals, excluding legal costs, for certain legal matters that are outside of the ordinary course of business due to the size, complexity and unique facts of these matters. (c) Certain tax reserves were adjusted in 2024. As a result, Net interest expense and Noncontrolling interest are reflected as adjusted without $21 million of interest income and $11 million of the noncontrolling interest share of the reserves adjustments for the year ended December 31, 2024. (d) In August 2024, we received a favorable ruling regarding a tax litigation in Germany. As a result, income tax benefits and related interest income were recorded in the third and fourth quarter of 2024. Net interest expense is reflected as adjusted without $200 million and $1 million in the quarters ended September 30, 2024, and December 31, 2024, respectively and $201 million for the year ended December 31, 2024. (e) The adjusted effective tax rate represents the effective tax rate (a GAAP measure) adjusted for other significant items and the tax impact of restructuring costs and other significant items. (f) Noncontrolling interest is reflected as adjusted without $2 million of the noncontrolling interest share of Other restructuring for the quarter and year ended December 31, 2024. Note: effective in the first quarter of 2024, the measure of segment performance used by Otis' Chief Operating Decision Maker changed and, as a result, our measure of segment operating profit was updated to not include restructuring and other unallocated items in the operating segments, which are now presented as part of Corporate and Unallocated. The change to segment operating profit aligns with the update to our measure of segment profitability.

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1 Includes rounding. © 2026 OTIS WORLDWIDE CORPORATION. 28 Organic sales reconciliation Q4 2025 Y/Y Total Otis New Equipment Service Maintenance & repair Modernization Organic 1% (6%) 5% 4% 9% FX 2% 2% 3% 3% 2% Acquisitions / divestitures, net and other1 0% (1%) 0% 0% 1% Total net sales growth 3% (5%) 8% 7% 12% Appendix FY 2025 Y/Y Total Otis New Equipment Service Maintenance & repair Modernization Organic 0% (7%) 5% 4% 9% FX 1% 0% 1% 1% 0% Acquisitions / divestitures, net and other1 0% 0% 0% 0% 1% Total net sales growth 1% (7%) 6% 5% 10%

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© 2026 OTIS WORLDWIDE CORPORATION. 31 Diluted EPS and Tax reconciliations Q4 2024 Q4 2025 FY 2024 FY 2025 GAAP diluted earnings per share $0.84 $0.95 $4.07 $3.50 Impact of non-recurring items on diluted earnings per share $0.09 $0.08 ($0.24) $0.55 Adjusted earnings per share $0.93 $1.03 $3.83 $4.05 Q4 2024 Q4 2025 FY 2024 FY 2025 Effective tax rate 26.9% 27.0% 15.0% 24.8% Impact of adjustments on effective tax rate (0.2%) (0.3%) 9.8% (0.2%) Adjusted effective tax rate 26.7% 26.7% 24.8% 24.6% Appendix

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© 2026 OTIS WORLDWIDE CORPORATION. 32 Adjusted free cash flow reconciliation (a) These represent payments to RTX Corporation (our former parent) in accordance with the Tax Matters Agreement. (b) In August 2024, we received a favorable ruling regarding a tax litigation in Germany. The Company has started to receive refunds and anticipates the refund process to continue into 2026. Appendix

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© 2026 OTIS WORLDWIDE CORPORATION. 33 Other reconciliations Remaining performance obligation (RPO) Backlog Appendix 1 Balances have been updated to reflect the impact of the constant currency calculation and other adjustments to ensure comparability.

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