Rentokil Initial Investor Day Presentation Deck

Net Debt Net debt managed throughout this period at c.2x Net Debt / EBITDA whilst APBTA up c.90% Rentokil Initial Net Debt (AER) £m 1400 1200 1000 800 600 400 200 2.5x 2013 1.9x 2014 2.5x 2015 2.5x 2016 1.9x 2017 2.4x 2018 1.8x 2019 Significant growth while retaining investment grade rating. CAGR 9.59% 1.6x £994m 2020 APBTA (CER) 400 350 300 250 200 150 100 138

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