Rentokil Initial Investor Day Presentation Deck

The Business Model: Example of How M&A Works Colleagues: ● Routes: Real estate: ● ● ● ● ● All frontline colleagues transferred to Initial positions All trained to RI standard on H&S, servicing and customer service Rentokil Initial 18 original branches in the acquired company 4 integrated into the Initial network All acquisition and Initial work integrated over a 12 month period 24,000 premises added c 100 Service Areas removed M&A Revenue, Gross Profit and Net Profit Growth H1 2019 - H1 2021 Revenue Gross Profit Net Profit Underlying: 0% Revenue up 31% M&A hugely value creating with a model driven by density levers 50% Gross profit 51% 100% Net Profit up 140% 150% 45

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