Why ADT

The Case for ADT is Strong

• Large, growing, and highly resilient market underpinned by secular tailwinds with opportunity to meaningfully increase share
• #1 brand in security combined with industry-leading scale and a national footprint
• Stable recurring revenue base with compelling unit economics and resilient cash flows
• Accelerating differentiation with industry’s largest nationwide network of experienced professionals and new proprietary platform, complemented by long-term strategic partners
• Attractive debt profile with disciplined capital allocation framework expected to drive long-term value for shareholders