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Q3 2026 Earnings Call October 28, 2026 © 2026 OTIS WORLDWIDE CORPORATION.
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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," "guidance," "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, restructuring or transformation actions (including UpLift and related reorganization and outsourcing activities), 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 as a result of the U.S. midterm elections, tensions between the U.S. and China and geopolitical conflicts, including the ongoing conflicts and instability in the Middle East and the conflict between Russia and Ukraine 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 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., including as a result of the midterm elections, 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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• Organic1 sales up 6%… Service up 7% • Maintenance & repair organic1 sales up 4% • Modernization organic1 sales up 20% • New Equipment organic1 sales up 3% • Service operating margin 24.2%, up 100 basis points sequentially • Modernization orders up 10%; backlog up 20% at constant currency1 • New Equipment orders up 1%; backlog up 4% at constant currency1 • Adjusted free cash flow1 of $272M © 2026 OTIS WORLDWIDE CORPORATION. Q3 2026 highlights 1 See appendix for additional information regarding these non-GAAP financial measures. 2 At constant currency. YTD 2026 3 ...while advancing our digitalization and quality priorities Strong Service momentum and growth in New Equipment drive third quarter results... • Rollout of human led, AI enabled, tools and capability under way and gaining momentum • Sustained Service quality at target levels 7% Service organic1 sales growth 17% Modernization organic1 sales growth 10% Modernization orders growth2 9% Adjusted free cash flow1 growth
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Rutgers University New Jersey, USA © 2026 OTIS WORLDWIDE CORPORATION. 4 Q3 2026 orders Q3 2026 highlights 1 At constant currency. See appendix for additional information regarding these non-GAAP financial measures. Orders1 99 City Road London, UK Wuhan Metro Wuhan, China Backlog1 Total Otis Otis ex-China New Equipment 4% 8% Modernization 20% 19% Total 7% 10% Total Otis Otis ex-China New Equipment 1% 5% Modernization 10% 8% Total 4% 6% (Y/Y) UOB Plaza Jakarta, Indonesia
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Operating profit Diluted earnings per share Adjusted operating profit down $3M at constant currency1, excluding $3M of FX headwinds Adjusted operating profit margin1 contracted 110 basis points to 16.0% $1.05 $1.05 Q3 2025 Q3 2026 632 626 17.1% 16.0% Q3 2025 Q3 2026 © 2026 OTIS WORLDWIDE CORPORATION. Q3 2026 results Sales ($ millions, except per share amounts) Adjusted1 Adjusted margin1 Organic1 6% FX ~Flat Net acquisitions/other ~Flat Total net sales 6% Adjusted1 Adjusted EPS1 drivers Operational ~Flat FX ($0.01) Taxes ($0.02) Shares $0.03 GAAP 586 620 GAAP $0.95 $1.08 3,690 3,914 Q3 2025 Q3 2026 5 1 See appendix for additional information regarding these non-GAAP financial measures.
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Operating Profit Operating profit up $20M at constant currency1 Volume Pricing Labor, net of one time benefits Investments and productivity Mix Sales © 2026 OTIS WORLDWIDE CORPORATION. Q3 2026 Service segment results New Equipment 6 Organic1 sales up 7% • Maintenance & repair up 4% • Modernization up 20% 1 See appendix for additional information regarding these non-GAAP financial measures. + - + 621 633 25.5% 24.2% Q3 2025 Q3 2026 2% (130) bps Y/YY/Y 8% 7% Organic1 2,433 2,616 Q3 2025 Q3 2026 Operating profit margin ($ millions) Segment Operating Profit Service 94% --
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Sales Organic1 sales up 3% • Americas up 13% • EMEA up 6% • Asia down 8% – Asia Pacific up HSD – China down >20% Operating Profit Operating profit down $22M at constant currency1 Productivity Volume Price & mix Q3 2026 New Equipment segment results 7 Y/Y 3% 3% 1,257 1,298 Q3 2025 Q3 2026 (29%) (150) bps Y/Y 59 42 4.7% 3.2% Q3 2025 Q3 2026 Operating profit margin 1 See appendix for additional information regarding these non-GAAP financial measures. - Service © 2026 OTIS WORLDWIDE CORPORATION. ($ millions) Organic1 Segment Operating Profit New Equipment 6% ++
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2026 outlook © 2026 OTIS WORLDWIDE CORPORATION. 8 Organic1 Service sales Organic1 New Equipment sales up mid to high single digits Organic1 sales 1 See appendix for additional information regarding these non-GAAP financial measures. down low single digits to flat up low to mid-single digits Net sales $15.1B to $15.3B Adjusted free cash flow1 ~$1.5B Adjusted EPS1 Constant currency adj. operating profit1 Actual currency adj. operating profit1 $4.01 to $4.05 down $45M to $15M down $30M to ~flat Sales Profit, free cash flow and EPS
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© 2026 OTIS WORLDWIDE CORPORATION. 9
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Appendix © 2026 OTIS WORLDWIDE CORPORATION. 10
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© 2026 OTIS WORLDWIDE CORPORATION. 1 See additional information regarding these non-GAAP financial measures. ($ billions, at constant currency1) Remaining performance obligation New Equipment orders New Equipment Maintenance & repair Modernization Y/Y 4% 1% 20% 4% 11 Modernization orders Q3 2026 Y/Y YTD 2026 Y/Y Total Otis 10% 10% Otis ex-China 8% 4% Q3 2025 Q2 2026 Q3 202618.7 19.7 19.5 Backlog and orders Appendix Q3 2026 Y/Y YTD 2026 Y/Y Total Otis 1% (1%) Otis ex-China 5% 3% Americas 11% 16% EMEA 1% 2% Asia (6%) (16%)
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$632M ($22M) $20M ($1M) ($3M) $626M Q3 2025 adjusted operating profit New Equipment Service Corporate/Other FX Q3 2026 adjusted operating profit Volume Pricing Labor, net of one time benefits Investments & productivity Mix Productivity Volume Price & mix Adjusted operating profit margin1 of 16.0% ($3M) at constant currency1 © 2026 OTIS WORLDWIDE CORPORATION. 12 Q3 2026 adjusted operating profit1 drivers 1 See additional information regarding these non-GAAP financial measures. 1 1 Actual currency ($17M) +$12M ($1M) ($6M) Appendix - ++ -- - ++
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Operating profit Diluted earnings per share $3.02 $2.96 YTD 2025 YTD 2026 $2.55 Sales Organic1 4% FX 2% Net acquisitions/other 1% Total net sales 7% Adjusted operating profit down ($73M) at constant currency1, excluding $32M of FX tailwinds Adjusted operating profit margin1 contracted 150 basis points to 15.5% 1,804 1,763 17.0% 15.5% YTD 2025 YTD 2026 © 2026 OTIS WORLDWIDE CORPORATION. YTD 2026 results ($ millions, except per share amounts) Adjusted1 Adjusted margin1 Adjusted1 Adjusted EPS1 drivers Operational ($0.14) FX $0.06 Interest ($0.06) Shares $0.08 GAAP $1,544 $1,734 GAAP $3.07 10,635 11,339 YTD 2025 YTD 2026 13 1 See appendix for additional information regarding these non-GAAP financial measures. Appendix
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Operating Profit Operating profit up $26M at constant currency1 Volume Pricing Labor, net of one time benefits Investments and productivity Mix Sales © 2026 OTIS WORLDWIDE CORPORATION. YTD 2026 Service segment results New Equipment 14 Organic1 sales up 7% • Maintenance & repair up 5% • Modernization up 17% 1 See appendix for additional information regarding these non-GAAP financial measures. + 1,736 1,788 25.0% 23.5% YTD 2025 YTD 2026 Y/YY/Y 7% Organic1 6,939 7,613 YTD 2025 YTD 2026 Operating profit margin ($ millions) + Segment Operating Profit - 10% 3% (150) bps Appendix Service 94% --
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Sales Organic1 sales down 1% • Americas up 8% • EMEA up 1% • Asia down 10% – Asia Pacific up LSD – China down >20% Operating Profit Operating profit down ($79M) at constant currency1 Productivity Volume Price & mix YTD 2026 New Equipment segment results 15 Y/Y (1%) 3,696 3,726 YTD 2025 YTD 2026 (38%) (200) bps Y/Y 193 120 5.2% 3.2% YTD 2025 YTD 2026 Operating profit margin 1 See appendix for additional information regarding these non-GAAP financial measures. +- Service - © 2026 OTIS WORLDWIDE CORPORATION. Segment Operating Profit ($ millions) Organic1 1% Appendix New Equipment 6%
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$1,804M ($79M) $26M ($20M) $32M $1,763M YTD 2025 adjusted operating profit New Equipment Service Corporate/Other FX YTD 2026 adjusted operating profit © 2026 OTIS WORLDWIDE CORPORATION. 16 YTD 2026 adjusted operating profit1 drivers 1 See additional information regarding these non-GAAP financial measures. Adjusted operating profit margin1 of 15.5% Actual currency +52 ($41M) Appendix + Productivity Volume Price & mix- - ++ - - Volume Pricing Labor, net of one time benefits Investments and productivity Mix ($73M) ($20M) ($73M) at constant currency1 11 -
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© 2026 OTIS WORLDWIDE CORPORATION. 17 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 considered 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 reconciliation of the non-GAAP measures (referenced in this press release) to the corresponding amounts prepared in accordance with GAAP appears in the attached 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 divestitures 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, including related tax effects. Adjusted net income Represents net income attributable to Otis Worldwide Corporation (a GAAP measure), excluding restructuring costs and other significant 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 costs 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 exchange 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 useful 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 management believes 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, adjusted noncontrolling interest in earnings, adjusted net income, adjusted EPS and the adjusted effective tax rate are useful measures 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 expense, adjusted noncontrolling interest in earnings, adjusted net income, adjusted effective tax rate, adjusted EPS, free cash flow 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 expected 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 gains and losses, the ultimate outcome of pending litigation, fluctuations in foreign currency exchange rates, the impact and timing of potential acquisitions 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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Actuals FY26 outlook 1Q26 2Q26 3Q26 YTD26 Prior Current UpLift and other restructuring expense $7M $11M $5M $23M ~$80M ~$40M Non-service pension cost (benefit) $0M $2M $0M $2M ~$5M ~$5M Adjusted net interest expense $59M $68M $69M $196M ~$265M ~$270M Adjusted effective tax rate 26.7% 22.8% 25.7% 25.0% ~24.5% ~24.5% Adjusted noncontrolling interest expense $13M $10M $12M $35M ~$60M ~$55M Capital expenditures $33M $44M $39M $116M ~$160M ~$160M Diluted shares outstanding 389.6M 383.5M 381.9M 385.1M ~388M ~385M © 2026 OTIS WORLDWIDE CORPORATION. 18 Additional information Currency exposure 2025 sales USD 30% EUR 25% CNY 11% Other 34% Appendix
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© 2026 OTIS WORLDWIDE CORPORATION. 19 2026 GAAP to adjusted financials reconciliation Appendix ($ millions) Income 1Q26 2Q26 3Q26 Net income attributable to Otis 340 428 414 Noncontrolling interest in subsidiaries’ earnings 13 21 12 Income tax expense (benefit) 127 98 126 Net interest expense 59 26 68 Non-service pension benefit (expense) 0 2 0 GAAP operating profit 539 575 620 Other restructuring 7 11 5 Separation-related adjustments (a) 5 0 0 Other, net (1) 1 1 Adjusted operating profit 550 587 626 Adjusted operating profit margin 15.4% 15.2% 16.0% Non-service pension (expense) 0 (2) 0 Adjusted net interest expense (b) (c) (59) (68) (69) Adjusted pre-tax profit 491 517 557 Adjusted income tax expense (b) (131) (118) (143) Adjusted effective tax rate (d) 26.7% 22.8% 25.7% Adjusted noncontrolling interest (c) (13) (10) (12) Adjusted net income 347 389 402 Adjusted EPS $0.89 $1.01 $1.05 (a) In the quarters ended March 31, June 30 and September 30, 2026, 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) 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. Income tax expense is reflected as adjusted without $15 million of income tax benefit for the quarter and nine months ended September 30, 2026. No related income tax benefit was recorded in 2025. Net interest expense is reflected as adjusted without $1 million and $8 million of interest income for the quarter and nine months ended September 30, 2026, respectively, compared to $2 million for the nine months ended September 30, 2025. (c) Certain tax reserves were adjusted in the second quarter of 2026. As a result, Net interest expense and Noncontrolling interest are reflected as adjusted without $35 million of interest income and $11 million of the noncontrolling interest share of the reserves adjustments, respectively, for the nine months ended September 30, 2026. (d) The adjusted effective tax rate represents the effective tax rate (a GAAP measure) adjusted for other significant items and the tax impact of restructuring costs and other significant items.
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© 2026 OTIS WORLDWIDE CORPORATION. 20 2025 GAAP to adjusted financials reconciliation Appendix ($ millions) Income 1Q25 2Q25 3Q25 4Q25 FY 2025 Net income attributable to Otis 243 393 374 374 1,384 Noncontrolling interest in subsidiaries’ earnings 13 30 18 10 71 Income tax expense (benefit) 110 98 129 142 479 Net interest expense 45 26 61 64 196 Non-service pension benefit (expense) 0 0 4 (1) 3 GAAP operating profit 411 547 586 589 2,133 UpLift restructuring 20 25 27 4 76 Other restructuring 23 12 6 13 54 UpLift transformation costs 23 18 10 18 69 Separation-related adjustments (a) 52 9 4 5 70 Litigation and settlement costs (b) 21 0 0 0 21 Held for sale impairment 10 0 0 0 10 Other, net 0 1 (1) 1 1 Adjusted operating profit 560 612 632 630 2,434 Adjusted operating profit margin 16.7% 17.0% 17.1% 16.6% 16.9% Non-service pension (expense) 0 0 (4) 1 (3) Adjusted net interest expense (c) (d) (46) (57) (61) (65) (229) Adjusted pre-tax profit 514 555 567 566 2,202 Adjusted income tax expense (d) (131) (121) (139) (151) (542) Adjusted effective tax rate (e) 25.6% 21.8% 24.5% 26.7% 24.6% Adjusted noncontrolling interest (d) (f) (15) (18) (17) (11) (61) Adjusted net income 368 416 411 404 1,599 Adjusted EPS $0.92 $1.05 $1.05 $1.03 $4.05 (a) Separation-related adjustments in the year 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 $3 million for the year ended December 31, 2025. (d) Certain tax reserves were adjusted in 2025. As a result, Net interest expense and Noncontrolling interest are reflected as adjusted without $30 million of interest income and $16 million of the noncontrolling interest share of the reserves adjustments for the year ended December 31, 2025. (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 $6 million of the noncontrolling interest share of Other restructuring for the year ended December 31, 2025.
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© 2026 OTIS WORLDWIDE CORPORATION. 21 Organic sales reconciliation Q3 2026 Y/Y Total Otis New Equipment Service Maintenance & repair Modernization Organic 6% 3% 7% 4% 20% FX 0% 0% (1%) (1%) 0% Acquisitions / divestitures, net and other1 0% 0% 2% 1% 0% Total net sales growth 6% 3% 8% 4% 20% Appendix YTD 2026 Y/Y Total Otis New Equipment Service Maintenance & repair Modernization Organic 4% (1%) 7% 5% 17% FX 2% 2% 2% 2% 1% Acquisitions / divestitures, net and other1 1% 0% 1% 1% 1% Total net sales growth 7% 1% 10% 8% 19% 1 Includes rounding.
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© 2026 OTIS WORLDWIDE CORPORATION. 22 Segment and total adjusted operating profit at constant currency reconciliations ($ millions) Q3 2025 Q3 2026 Y/Y YTD 2025 YTD 2026 Y/Y New Equipment Operating profit 59 42 (17) 193 120 (73) Impact of foreign exchange 0 (5) (5) 0 (6) (6) Operating profit at constant currency 59 37 (22) 193 114 (79) Service Operating profit 621 633 12 1,736 1,788 52 Impact of foreign exchange 0 8 8 0 (26) (26) Operating profit at constant currency 621 641 20 1,736 1,762 26 Otis Consolidated Adjusted operating profit 632 626 (6) 1,804 1,763 (41) Impact of foreign exchange 0 3 3 0 (32) (32) Adjusted operating profit at constant currency 632 629 (3) 1,804 1,731 (73) Appendix
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© 2026 OTIS WORLDWIDE CORPORATION. 23 SG&A reconciliation ($ millions) Q3 2025 Q3 2026 YTD 2025 YTD 2026 Net sales 3,690 3,914 10,635 11,339 SG&A expense 504 489 1,467 1,519 UpLift restructuring (21) 0 (59) 0 Other restructuring (1) (3) (15) (15) Other 0 (1) 0 (1) Adjusted SG&A expense 482 485 1,393 1,503 Adjusted SG&A % of sales 13.1% 12.4% 13.1% 13.3% Appendix
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© 2026 OTIS WORLDWIDE CORPORATION. 24 Diluted EPS and Tax reconciliations Q3 2025 Q3 2026 YTD 2025 YTD 2026 GAAP diluted earnings per share $0.95 $1.08 $2.55 $3.07 Impact of non-recurring items on diluted earnings per share $0.10 ($0.03) $0.47 ($0.11) Adjusted earnings per share $1.05 $1.05 $3.02 $2.96 Q3 2025 Q3 2026 YTD 2025 YTD 2026 Effective tax rate 24.8% 22.8% 23.9% 22.2% Impact of adjustments on effective tax rate (0.3%) 2.9% —% 2.8% Adjusted effective tax rate 24.5% 25.7% 23.9% 25.0% Appendix
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© 2026 OTIS WORLDWIDE CORPORATION. 25 Adjusted free cash flow reconciliation ($ millions) Q3 2025 Q3 2026 YTD 2025 YTD 2026 Operating cash flow 374 337 779 1,017 Capital expenditures (37) (39) (107) (116) Free cash flow 337 298 672 901 UpLift restructuring payments 9 3 28 17 UpLift transformation payments 16 3 49 14 Separation-related payments (a) 20 0 92 63 German Tax Litigation refunds, net (b) (45) (32) (75) (161) Adjusted free cash flow 337 272 766 834 (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 began receiving refunds during 2025 and anticipates the refund process to continue through 2026. Appendix
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© 2026 OTIS WORLDWIDE CORPORATION. 26 Other reconciliations ($ billions) Q3 2025 Q2 2026 Q3 2026 RPO at actual currency (GAAP measure) 19.0 19.7 19.6 FX / Other1 (0.3) 0.0 (0.1) RPO at constant currency 18.7 19.7 19.5 Remaining performance obligation (RPO) Q3 2026 Y/Y Growth New Equipment Maintenance & repair Modernization Actual currency (GAAP measure) 4% (1%) 20% FX / Other1 —% 2% —% Backlog at constant currency 4% 1% 20% Backlog Appendix 1 Balances have been updated to reflect the impact of the constant currency calculation and other adjustments to ensure comparability.