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CAUTIONARY STATEMENT REGARDING FORWARD- LOOKING STATEMENTS 2 This presentation as well as other written or oral statements by the Company may contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. We have based these forward-looking statements on our current opinions, expectations, intentions, beliefs, plans, objectives, assumptions and projections about future events and financial trends affecting the operating results and financial condition of our business. Although we believe that these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions, or expectations. Generally, statements that do not relate to historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. The words “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “should,” “will,” “would,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this presentation include, but are not limited to, statements regarding: expectations with respect to our financial and business performance; future benefits from growth initiatives; our healthy pipeline of acquisitions; expectations related to acquisitions; our recession-resilient business model; our expected growth; the impacts of modernization,including hiring key talent, upgrading technology and executing continuous improvement across key processes, and investing in leaders; essential nature of our services providing consistency in business growth across all cycles; focus on margins as well as pricing and productivity; healthy balance sheet provides flexibility and positions us well to execute on capital allocation priorities; a balanced capital allocation strategy; healthy dividend; runway for expansion from disciplined M&A; scale enables revenue and cost synergies; impact of relationships and reputation as the acquiror of choice; potential of ancillary and other opportunities; the Company’s diversified approach to customer acquisition; opportunities to lower Company spend; and efficient use of tax credits. These forward-looking statements are based on information available as of the date of this presentation, and current expectations, forecasts, and assumptions, and involve a number of judgments, risks and uncertainties. Important factors could cause actual results to differ materially from those indicated or implied by forward-looking statements including, but not limited to, those set forth in the sections entitled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and may also be described from time to time in our future reports filed with the SEC. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required by law. © 2026 Rollins, Inc. All rights reserved.
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RECONCILIATION OF GAAP AND NON- GAAP FINANCIAL MEASURES 3 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. © 2026 Rollins, Inc. All rights reserved.
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WE COMPOUND REVENUE, EARNINGS, AND CASH FLOW BY ACQUIRING AND GROWING MARKET-LEADING PEST CONTROL BUSINESSES © 2026 Rollins, Inc. All rights reserved.
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5 Operating Cash Flow Average Annual TSR Adj. EBITDA 1 1. This is a non-GAAP measure +7% +14% +18% +21% Revenue Long-Term (2000-LTM CAGR) Long Term Compounder © 2026 Rollins, Inc. All rights reserved.
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61. This is a non-GAAP measure Unabated Long-Term Financial Performance Recession-resilient business model yields consistently strong financial performance $33 $47 $66 $78 $97 $105 $120 $130 $147 $167 $181 $200 $214 $231 $262 $286 $311 $351 $376 $399 $456 $542 $585 $691 $772 $843 $647 $650 $665 $677 $751 $802 $859 $895 $1,021 $1,074 $1,137 $1,205 $1,271 $1,337 $1,412 $1,485 $1,573 $1,674 $1,822 $2,015 $2,161 $2,424 $2,696 $3,073 $3,389 $3,680 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 LTM 2025 Adj. EBITDA Revenue Adj. EBITDA1 Margin: 5% 7% 10% 12% 13% 13% 14% 14% 14% 16% 16% 17% 17% 17% 19% 19% 20% 21% 21% 20% 21% 22% 22% 22% 23% 23% FCF Conversion1: NM 124% 160% 144% 110% 97% 115% 112% 110% 113% 123% 135% 110% 117% 120% 103% 116% 118% 118% 144% 158% 105% 118% 114% 124% 131% 10% Revenue Growth 14% Adj. EBITDA1 Growth Great Financial Crisis 6% Revenue Growth 9% Adj. EBITDA1 Growth Industrial Slowdown COVID Pandemic 12% Revenue Growth 13% Adj. EBITDA1 Growth ($MM) © 2026 Rollins, Inc. All rights reserved.
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7 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 • Future collaboration opportunity when cooperative systems are in place – “one version of truth” Diversified Approach to Customer Acquisition Through Performance Marketing, Door-to-Door, Brand Building, etc. Brand A Brand B Brand C Brand D Brand E Brand F Performance Brand Building B2B Other © 2026 Rollins, Inc. All rights reserved.
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8 Runway for Expansion from Disciplined M&A Robust Pipeline of M&A Opportunities & Solid Track Record of M&A Execution Source: IBISWorld, VeserisPCT Top 100 List © 2026 Rollins, Inc. All rights reserved.
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91. Share repurchases includes November 2025 transaction which occurred following Q3 2025. 2022-Q3 2025 Capital Allocation Capital Allocation Over the Last 3 Years YTD Q3 2025 Capital Allocation Dividends $239M M&A $288M Share Repurchases1 $217M Capex $22M $0 $400 $800 Dividends M&A Share Repurchases Capex Dividends $1,013M M&A $932M Share Repurchases1 $550M Capex $113M $0 $1,400 $2,800 Dividends M&A Share Repurchases Capex $766M $2,608M © 2026 Rollins, Inc. All rights reserved.
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10 Modernization Achieved: Building a Strong Foundation ... Rollins’ Modernization Journey is Just Getting Started • 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) • 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 • 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 INVESTOR RELATIONS CAPITAL ALLOCATION • 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 BOARD & TALENT © 2026 Rollins, Inc. All rights reserved.
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11 … Modernization Ahead: Unlocking the Next Chapter Revenue Gross Margin SG&A EBITDA Tax Rate Earnings Organic growth Under-penetrated Residential Commercial opportunity M&A / fragmented market >33k companies Ancillary represents <5% of customers; strong runway for growth Strong, consistent gross margin Price = CPI+ Materials spend leverage Opportunity to drive improvement with service technician turnover Ability to leverage SG&A 30% SG&A Back-office modernization Multiple of revenue growth Medium / long-term target of 30-35% incremental margin 100 bps opportunity Efficient use of tax credits Multiple of revenue growth Long-Term Opportunities Ahead Across the Business © 2026 Rollins, Inc. All rights reserved.
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12 Drivers of Gross Margin CPI+ Pricing Strategy Drives Positive Price / Cost Equation GROSS MARGIN COSTS People Materials & Supplies Fleet Insurance & Claims Focused on a CPI+ Pricing Strategy Opportunities for Reduction in Costs from Fleet, People, and Materials & Supplies PRICE Essential Service Low Portion of Customer’s Budget Low DIY More Controllable © 2026 Rollins, Inc. All rights reserved.
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13 Spend Reduction Opportunity Opportunity to Lower Spend, Particularly from Administrative Back-Office Expenses Administration ~60% Sales & Marketing ~40% Back Office Effectiveness Software / Technology Improvements Modernization © 2026 Rollins, Inc. All rights reserved.
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15 Historical Non-GAAP Reconciliation © 2026 Rollins, Inc. All rights reserved.