Roper Technologies — Jan 30, 2025 release

2 Table 1: Revenue and adjusted EBITDA reconciliation ($M) (from continuing operations) Q4 2023 Q4 2024 V % FY 2023 FY 2024 V % GAAP revenue $ 1,613 $ 1,877 16  % $ 6,178 $ 7,039 14  % Components of revenue growth Organic 7  % 6  % Acquisitions 9  % 8  % Foreign exchange —  % —  % Revenue growth 16  % 14  % Adjusted EBITDA reconciliation GAAP net earnings $ 378 $ 462 $ 1,368 $ 1,549 Taxes 99 128 375 418 Interest expense 50 71 165 259 Depreciation 9 9 35 37 Amortization 187 202 720 776 EBITDA $ 723 $ 873 21  % $ 2,663 $ 3,039 14  % Restructuring-related expenses associated with the Syntellis ('23) and Transact ('24) acquisitions — — 9 9 Transaction-related expenses for completed acquisitions 3 1 8 8 Financial impacts associated with the minority investments in Indicor & Certinia A (67) (141) (165) (235) Gain on sale of non-operating assets — — (3) — Legal settlement charge — 11 — 11 Adjusted EBITDA $ 659 $ 744 13  % $ 2,511 $ 2,832 13  % % of revenue 40.8  % 39.6  % (120 bps) 40.6  % 40.2  % (40 bps) Table 2: Adjusted net earnings reconciliation ($M) (from continuing operations) Q4 2023 Q4 2024 V % FY 2023 FY 2024 V % GAAP net earnings $ 378  $ 462  22  % $ 1,368  $ 1,549  13  % Restructuring-related expenses associated with the Syntellis ('23) and Transact ('24) acquisitions —  —  7  7  Transaction-related expenses for completed acquisitions 2  1  6  6  Financial impacts associated with the minority investments in Indicor & Certinia A (52) (105) (135) (182) Gain on sale of non-operating assets —  —  (3) —  Legal settlement charge —  9  —  9  Amortization of acquisition-related intangible assets B 143  153  552  588  Adjusted net earnings C $ 471  $ 520  10  % $ 1,795  $ 1,978  10  % 3 Table 3: Adjusted DEPS reconciliation (from continuing operations) Q4 2023 Q4 2024 V % FY 2023 FY 2024 V % GAAP DEPS $ 3.50  $ 4.28  22  % $ 12.74  $ 14.35  13  % Restructuring-related expenses associated with the Syntellis ('23) and Transact ('24) acquisitions —  —  0.06  0.07  Transaction-related expenses for completed acquisitions 0.02  0.01  0.06  0.06  Financial impacts associated with the minority investments in Indicor & Certinia A (0.48) (0.97) (1.25) (1.68) Gain on sale of non-operating assets —  —  (0.02) —  Legal settlement charge —  0.08  —  0.08  Amortization of acquisition-related intangible assets B 1.33  1.41  5.13  5.45  Adjusted DEPS C $ 4.37  $ 4.81  10  % $ 16.71  $ 18.31  10  % Table 4: Adjusted cash flow reconciliation ($M) (from continuing operations) Q4 2023 Q4 2024 V % FY 2023 FY 2024 V % Operating cash flow $ 622  $ 722  16  % $ 2,037  $ 2,393  17  % Taxes paid in period related to divestiture 16  —  32  —  Adjusted operating cash flow $ 638  $ 722  13  % $ 2,070  $ 2,393  16  % Capital expenditures (30) (27) (68) (66) Capitalized software expenditures (11) (12) (40) (45) Adjusted free cash flow $ 596  $ 684  15  % $ 1,962  $ 2,282  16  % Table 5: Forecasted adjusted DEPS reconciliation (from continuing operations) Q1 2025 FY 2025 Low End High End Low End High End GAAP DEPS D $ 3.29  $ 3.33  $ 14.21  $ 14.46  Financial impacts associated with the minority investment in Indicor A TBD TBD TBD TBD Amortization of acquisition-related intangible assets B 1.41  1.41  5.54  5.54  Adjusted DEPS C $ 4.70  $ 4.74  $ 19.75  $ 20.00  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 investment in Indicor, as these potential impacts cannot be reasonably predicted. These impacts will be excluded from all non-GAAP results in future periods. Q4 2023A Q4 2024A FY 2023A FY 2024A Q1 2025E FY 2025E Pretax $ (67) $ (141) $ (165) $ (235) TBD TBD After-tax $ (52) $ (105) $ (135) $ (182) TBD TBD Per share $ (0.48) $ (0.97) $ (1.25) $ (1.68) TBD TBD B. Actual results and forecast of estimated amortization of acquisition-related intangible assets as shown below ($M, except per share data). Q4 2023A Q4 2024A FY 2023A FY 2024A Q1 2025E FY 2025E Pretax $ 181  $ 193  $ 698  $ 745  $ 193  $ 762  After-tax $ 143  $ 153  $ 552  $ 588  $ 153  $ 602  Per share $ 1.33  $ 1.41  $ 5.13  $ 5.45  $ 1.41  $ 5.54  C. All actua