Rentokil Initial Investor Day Presentation Deck

Hygiene & Wellbeing: The new Pest Control. 6. M&A growth opportunity Strong M&A growth opportunity - same proven model as Pest Control. Hygiene deals drive better returns than Pest Control: 1.5x vs ~2 - 2.5x in Pest Control (average revenue multiples paid 2016 - 2021 YTD). Proven ability to drive margins through density building. Significant global M&A pipeline is being built across the Hygiene & Wellbeing category. Momentum growing through 2022. Emerging pipeline of c. 80 targets. Open to the potential for larger transactions if available. M&A Hygiene & Wellbeing Chris Hunt, Group M&A Director Targeting £25m+ revenues p.a. Rentok Initial 16

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