Roper Technologies — Oct 23, 2024 release

2 Table 1: Revenue and adjusted EBITDA reconciliation ($M) (from continuing operations) Q3 2023 Q3 2024 V % GAAP revenue $ 1,563  $ 1,765  13  % Components of revenue growth Organic 4  % Acquisitions 9  % Foreign exchange —  % Revenue growth 13  % Adjusted EBITDA reconciliation GAAP net earnings $ 346  $ 368  Taxes 97  99  Interest expense 42  68  Depreciation 9  9  Amortization 182  197  EBITDA $ 676  $ 741  10  % Restructuring-related expenses associated with the Syntellis ('23) and Transact ('24) acquisitions 9  9  Transaction-related expenses for completed acquisitions 5  5  Financial impacts associated with the minority investments in Indicor & Certinia A (34) (37) Gain on sale of non-operating assets (3) —  Adjusted EBITDA $ 652  $ 717  10  % % of revenue 41.7  % 40.7  % (100 bps) Table 2: Adjusted net earnings reconciliation ($M) (from continuing operations) Q3 2023 Q3 2024 V % GAAP net earnings $ 346  $ 368  6  % Restructuring-related expenses associated with the Syntellis ('23) and Transact ('24) acquisitions 7  7  Transaction-related expenses for completed acquisitions 4  4  Financial impacts associated with the minority investments in Indicor & Certinia A (28) (29) Gain on sale of non-operating assets (3) —  Amortization of acquisition-related intangible assets B 140  149  Adjusted net earnings $ 465  $ 499  7  % 3 Table 3: Adjusted DEPS reconciliation (from continuing operations) Q3 2023 Q3 2024 V % GAAP DEPS $ 3.21  $ 3.40  6  % Restructuring-related expenses associated with the Syntellis ('23) and Transact ('24) acquisitions 0.06  0.07  Transaction-related expenses for completed acquisitions 0.03  0.03  Financial impacts associated with the minority investments in Indicor & Certinia A (0.26) (0.27) Gain on sale of non-operating assets (0.02) —  Amortization of acquisition-related intangible assets B 1.30  1.38  Adjusted DEPS $ 4.32  $ 4.62  7  % Table 4: Adjusted cash flow reconciliation ($M) (from continuing operations) Q3 2023 Q3 2024 V % Operating cash flow $ 631  $ 755  20  % Taxes paid in period related to divestiture 16  —  Adjusted operating cash flow $ 647  $ 755  17  % Capital expenditures (13) (23) Capitalized software expenditures (9) (13) Adjusted free cash flow $ 625  $ 719  15  % Table 5: Forecasted adjusted DEPS reconciliation (from continuing operations) Q4 2024 FY 2024 Low end High end Low end High end GAAP DEPS C $ 3.29  $ 3.33  $ 12.64  $ 12.68  Restructuring-related expenses associated with the Transact acquisition —  —  0.07  0.07  Transaction-related expenses for completed acquisitions —  —  0.05  0.05  Financial impacts associated with the minority investments in Indicor & Certinia A TBD TBD TBD TBD Amortization of acquisition-related intangible assets B 1.41  1.41  5.45  5.45  Adjusted DEPS $ 4.70  $ 4.74  $ 18.21  $ 18.25  4 Footnotes: A. Adjustments related to the financial impacts associated with the minority investments in Indicor & Certinia as shown below ($M, except per share data). Forecasted results do not include any potential impacts associated with our minority investments in Indicor or Certinia, as these potential impacts cannot be reasonably predicted. These impacts will be excluded from all non-GAAP results in future periods. Q3 2023A Q3 2024A Q4 2024E FY 2024E Pretax $ (34) $ (37) TBD TBD After-tax $ (28) $ (29) TBD TBD Per share $ (0.26) $ (0.27) TBD TBD B. Actual results and forecast of estimated amortization of acquisition-related intangible assets as shown below ($M, except per share data). These adjustments are taxed at 21%. Q3 2023A Q3 2024A Q4 2024E FY 2024E Pretax $ 177  $ 18