Otis Worldwide

Free cash flow Represents cash flow from operations (a GAAP measure) less capital expenditures.

SEC original ↗Otis Worldwide — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Management believes free cash flow is a useful measure of liquidity and an additional basis for assessing Otis ability to fund its activities, including the financing of acquisitions, debt service, repurchases of common stock and distribution of earnings to shareholders.

SEC original ↗Otis Worldwide — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Adjusted free cash flow Represents cash flow from operations (a GAAP measure) less capital expenditures, adjusted to exclude certain items management believes affect the comparability of operating results.

SEC original ↗Otis Worldwide — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Management believes adjusted free cash flow is a useful measure of liquidity that provides investors additional information regarding the Company s ability to fund its activities, including the financing of acquisitions, debt service, repurchases of common stock and distribution of earnings to shareholders.

SEC original ↗Otis Worldwide — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Our Service flywheel generated our highest organic sales growth and operating profit margin expansion this year with our industry leading maintenance portfolio growing 4% , said Chair, CEO President Judy Marks.

SEC original ↗Otis Worldwide — Earnings release (8-K exhibit)EX-99Oct 29, 2025

These strong results illustrate the strength of our Service driven strategy.

SEC original ↗Otis Worldwide — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Forward-looking statements can be identified by the use of words such as believe, expect, expectations, plans, strategy, prospects, estimate, project, target, anticipate, will, should, see, guidance, outlook, medium-term, near-term, confident, goals and other words of similar meaning in connection with a discussion of future operating or financial performance.

SEC original ↗Otis Worldwide — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Segment operating profit of $59 million decreased $25 million at actual currency and $24 million at constant currency from the impacts of lower volume, unfavorable price, tariff headwinds, and mix, partially offset by productivity including the benefits of restructuring actions.

SEC original ↗Otis Worldwide — Earnings release (8-K exhibit)EX-99Oct 29, 2025

All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements.

SEC original ↗Otis Worldwide — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Such risks, uncertainties and other factors include, without limitation (1) the effect of economic conditions in the industries and markets in which Otis and its businesses operate and any changes therein, including financial market conditions, fluctuations in commodity prices and other inflationary pressures, interest rates and foreign currency exchange rates, levels of end market demand in construction, pandemic health issues, natural disasters, whether as a result of climate change or otherwise, and the financial condition of Otis customers and suppliers (2) the effect of changes in political conditions in the U.

SEC original ↗Otis Worldwide — Earnings release (8-K exhibit)EX-99Oct 29, 2025

2 Litigation-related settlement costs in the nine months ended September 30, 2025 represent the aggregate amount of settlement costs and increase in loss contingency accruals, excluding legal costs, for certain legal matters that are outside of the ordinary course of business due to the size, complexity and or unique facts of these matters.

SEC original ↗Otis Worldwide — Earnings release (8-K exhibit)EX-99Oct 29, 2025

2 In August 2024, we received a favorable ruling regarding a tax litigation in Germany.

SEC original ↗Otis Worldwide — Earnings release (8-K exhibit)EX-99Oct 29, 2025