Resideo Technologies : Fourth Quarter 2024 Presentation
REZI
February 20, 2025
FY'24 and Q4'24
Results Presentation
Overview of Resideo
Financial Results
Agenda
Quarterly Financial Trends
Balance Sheet, Cash Flow, and Outlook
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Overview of Resideo
A leader in technology-driven sensing and controls products
Products and Solutions
A leading global developer and
manufacturer of air, energy, security,
$6.8B1
and water products and solutions
FY24 Net Revenue
Presence in 150M+
$1.9B1
Residential and Commercial Spaces
FY24 Gross Profit
$2.6B
$1.05B
$693M
FY24 Net Revenue
FY24 Gross Profit
FY24 Adjusted EBITDA1
ADI Global Distribution
Leading global wholesale distributor
of security, fire, AV and other low- voltage products
#1 GLOBAL DISTRIBUTOR
For Security and Low-Voltage Products2
$4.2B1
$0.85B1
FY24 Net Revenue
FY24 Gross Profit
Leading Platforms Serving Over 100,000 Pro Contractors
Notes:
1 The selected financial metrics shown for Resideo and ADI include contributions from Snap One, which was acquired in June 2024 and first appear in Resideo's Q2'24 results. See Appendix for Non-GAAP financial measures and reconciliations. 2 Source: Market data from IHS Markit
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Differentiated Professional and Channel Relationships
Multiple Channels to the Pro
Products sold through
Utility Grid Services
Residential new
Broad OEM
Retail strategy
Distributors and
and Insurance product
construction Builder
partnership
for DIY / DIFM
Security Dealers
rebate programs
programs
network
Channel Leadership At-a-Glance
100,000+
20+ year tenure
500,000+
200+
1,000+
professional
of many Pro
products
locations
OEMs
contractors
relationships
Drives repeat business with the Professional
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Trusted, Established Brands
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Resideo Investment Opportunity
Differentiated Professional
Structural Margin
Growth in
and Channel Relationships
Expansion
Home Content
Trusted partner with broad offering
Supporting Pro's growth & profitability
Well recognized brands
Longstanding reliability
Service and support
Omnichannel efficiency
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Financial Results
Resideo - 2024 Highlights
NET REVENUE
ADJUSTED EBITDA
ADJUSTED EPS
CASH PROVIDED
BY OPERATIONS
$6.8B in 2024
$693M in 2024
$2.29 in 2024
$444M in 2024
+8% YoY
+17% YoY
+5% YoY
+1% YoY
• All four financial metrics above the high-end of
• Cash provided by operations increased year-over-
outlook range.
year driven by a more efficient cash conversion
• Organic revenue growth year-over-year at both ADI
cycle and a contribution from Snap One.
and Products and Solutions.
• The integration of Snap One is progressing well,
• Strong operational execution drove year-over-year:
with achieved 2024 run-rate synergies ~40% ahead
of expectations.
Gross margin expansion; and
• New Products and Solutions products launched in
Growth in Adjusted EBITDA and Adjusted EPS.
second half of 2024 to strong customer reception
and demand.
NOTE: Amounts shown above include contributions from Snap One, which was acquired in June 2024 and first appear in Resideo's Q2'24 results. "Organic" excludes the impact of the Snap One acquisition, the Genesis divestiture, and foreign currency fluctuations. See Appendix for Non-GAAP financial measures and reconciliations.
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Disclaimer
Resideo Technologies Inc. published this content on February 20, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on February 20, 2025 at 23:44:05.187.