Rentokil Initial Investor Day Presentation Deck

Hygiene & Wellbeing Cash-compounding, subscription growth business. c.89.6% portfolio / subscription business with high levels of customer retention at 86.0%* Annual pricing recovery - 1.5% on Portfolio* Postcode density and customer penetration density drives strong operating margins at 16.2%* 5-year average. ● ● ● Highly cash generative - 90%+FCF High return on investment Low capex intensive - capex to revenue c. 12.9% (4-year average) Core H&W Organic growth of 3% - 3.5% to 2019 (4-year average) Highly fragmented market - significant M&A roll up opportunity Strongly placed to drive medium-term growth post COVID-19. 128

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