Johnson Controls International Plc · NYSE:JCI
Johnson Controls International — Q4 2026 Earnings Presentation
34 slides from Johnson Controls International's earnings presentation, Oct 27, 2026
Slide 1: Fiscal Q4 2026 Earnings Conference Call
Fiscal Q4 2026 Earnings Conference Call October 27, 2026
Slide 2: Forward-looking and Cautionary Statements/Non-GAAP Financial Information
Forward-looking and Cautionary Statements/Non-GAAP Financial Information Johnson Controls International PLC Cautionary statement regarding forward-looking statements Johnson Controls International plc has made statements in this communication that are forward-looking and therefore are subject to ris
Slide 3: CEO Summary
Q4 2026 Earnings CEO Summary Q4 Execution Record Backlog Positioned to Delivered on Fiscal Supporting Customer Building on Growth Supported by Strong Accelerate Growth in 2026 Commitments Value Proposition Momentum Orders Fiscal 2027 Enabling industry leading 12% Organic revenue 8% Organic revenue i
Slide 4: Compounding Value by Delivering on Long-Term Growth Algorithm
Value Creation Framework Compounding Value by Delivering on Long-Term Growth Algorithm ADJUSTED EPS* STRATEGIC DRIVERS LONG-TERM GROWTH ACCELERATING GROWTH ALGORITHM Prioritizing Strategic Pillars High-Single-Digit $5.24 $6.23 AI / Data Centers • Mission Critical Environments • Organic Revenue Growt
Slide 5: Global Thermal Technology Leader Built to Win
Global Thermal Technology Leader Built to Win JOHNSON CONTROLS IS BUILT FOR THIS MOMENT; DRIVING GROWTH THROUGH EXPOSURE TO MISSION -CRITICAL MARKETS Portfolio positioned Differentiated Emerging Powerful, Unmatched for mission-critical technology manufacturing disciplined field presence growth innov
Slide 6: Fiscal Q4 Results: Total Enterprise
Fiscal Q4 Results Total Enterprise3 REVENUE — ORGANIC % GROWTH*, ADJUSTED SEGMENT EBITA/MARGIN* ($ IN MILLIONS) 12% 180bps YoY Organic Growth* Adj. EBITA Margin* Expansion Systems Service Net Growth ~$215M +13% +8% Productivity ~$35M Applied1 F&S2 Mix ~$30M +20% +MSD Divestitures ~($25M) ADJUSTED EB
Slide 7: Solutions Orders and Backlog
Fiscal Q4 Results Solutions Orders and Backlog ORDERS4 — ORGANIC % GROWTH 44% YoY Organic Growth Systems Service +63% +7% BACKLOG4 ($ IN BILLIONS) 43% YoY Organic Growth Systems Service +50% +5% 7
Slide 8: Segment View
Fiscal Q4 Results Segment View Orders4 Revenue Adj. Segment EBITA Margin* Organic % Growth Comments Organic % YoY* Comments Change YoY Comments Orders Systems +16% Net Growth: ~$180M 58% • Systems +81% 14% Service +10% 210 bps Mix: ~$30M • Service +8% • Applied1: +25% Americas • F&S2: +MSD Productiv
Slide 9: Balance Sheet and Adjusted Free Cash Flow
Balance Sheet and Adjusted Free Cash Flow Disciplined Capital Allocation CAPITAL RETURNS ~$2.5B ~$1.5B ~$1B Returned to shareholders FY26 total share Returned to shareholders in FY 2026 repurchases through quarterly dividend Capital Structure ($ billions) Q4 FY25 Q3 FY26 Q4 FY26 Short-term debt and
Slide 10: Investing For Customer Growth And Accelerating Value Creation
Investing For Customer Growth And Accelerating Value Creation INVESTING AHEAD OF THE SIMPLIFYING ORGANIZATION CURVE AND FOOTPRINT • Expanding capacity in high-growth verticals • Consolidating manufacturing and warehouse facilities anchored in demand in backlog and pipeline • Simplifying the operatin
Slide 11: Outlook Summary: Q1 and Full Year Fiscal 2027 Guidance
Outlook Summary Introducing Q1 and Full Year Fiscal ‘27 Guidance Q1’27 FY’27 Organic Revenue* Up 12% to 14% Up 11% to 12% Operating Leverage* 30% to 35% 30%+ Adjusted EPS* $1.15 to $1.20 $6.15 to $6.30 Adjusted Free Cash Flow Conversion* ~95% *Organic Revenue, Operating Leverage, Adjusted EPS, and A
Slide 12: Appendix
Appendix 12
Slide 13: Key Reminders and Non-GAAP Definitions
Key Reminders and Non-GAAP Definitions Organic revenue represents the change in sales excluding the impact of acquisitions, divestitures and foreign currency. Segment margin is calculated based on earnings before interest, taxes and amortization ("EBITA"). Adjusted segment EBITA excludes items such
Slide 14: Endnotes
Endnotes Reference Slides Description 1 6, 8 and 15 Applied revenue includes large commercial applied HVAC equipment, building management systems, and controls 2 6, 8 and 15 Fire & Security revenue growth includes Retail 3 6 and 15 Results are presented for continuing operations only 4 3, 7 and 8 Co
Slide 15: Fiscal 2026 Results: Total Enterprise
Fiscal 2026 Results Total Enterprise3 REVENUE — ORGANIC % GROWTH*, ADJUSTED SEGMENT EBITA/MARGIN* ($ IN MILLIONS) 8% 170bps YoY Organic Growth* Adj. EBITA Margin* Expansion Systems Service +9% +8% •Applied1 •F&S2 +low-teens +LSD ADJUSTED EBIT/MARGIN* ADJUSTED EPS* 270bps 37% Adj. EBIT Margin* YoY Gr
Slide 16: Additional FY 2027 Guidance Items
Additional FY 2027 Guidance Items Q1’27 FY’27 Adjusted Corporate Expense* ~$105M ~$385M Amortization Expense ~$80M ~$320M NFC ~$70M ~$295M Tax Rate ~18.5% ~18.5% Shares ~602M ~598M *Adjusted Corporate expense is a non-GAAP measure that includes certain stranded costs from 16 divestiture transactions
Slide 17: Consolidated Financial Results Fiscal Q4
Consolidated Financial Results Fiscal Q4 ($ in Millions, except earnings per share) Q4 FY25 GAAP Q4 FY26 GAAP Q4 FY25* Non-GAAP Q4 FY26* Non-GAAP % Change Non-GAAP Sales $6,442 $7,113 $6,442 $7,113 10% Gross profit $2,351 $2,705 $2,365 $2,668 13% (% of sales) 36.5% 38.0% 36.7% 37.5% SG&A expenses $1
Slide 18: Special Items
($ in Millions, except EPS) Special Items Net (Income) Expense EPS Impact Three Months Ended September 30 2025 2026 2025 2026 Net mark-to-market adjustments $13 $(57) $0.02 $(0.09) Restructuring & impairment costs $400 $87 $0.63 $0.14 Water systems AFFF insurance recoveries $(26) $(1) $(0.04) $— Tra
Slide 19: Adjusted Free Cash Flow
($ in Billions) Adjusted Free Cash Flow Adj. Free Cash Flow* Q4 FY25 Q4 FY26 YTD FY25 YTD FY26 Free Cash Flow* $0.8 $1.1 $2.1 $3.4 Less: JC Capital Free Cash Flow — — $(0.1) — Less: AFFF Settlement Payments and related insurance recoveries — — $(0.4) $0.2 Less: York license prepayment receipt $0.2 —
Slide 20: Consolidated Statements of Income
FINANCIAL STATEMENTS Johnson Controls International plc Consolidated Statements of Income (in millions, except per share data; unaudited) Three Months Ended Twelve Months Ended September 30, September 30, 2026 2025 2026 2025 Net sales Products and systems $ 5,014 $ 4,452 $ 17,701 $ 16,124 Services 2
Slide 21: Condensed Consolidated Statements of Financial Position
Johnson Controls International plc Condensed Consolidated Statements of Financial Position (in millions; unaudited) September 30, 2026 September 30, 2025 Assets Cash and cash equivalents $ 618 $ 379 Accounts receivable - net 7,316 6,269 Inventories 1,999 1,820 Current assets held for sale 4 14 Other
Slide 22: Consolidated Statements of Cash Flows
Johnson Controls International plc Consolidated Statements of Cash Flows (in millions; unaudited) Three Months Ended Twelve Months Ended September 30, September 30, 2026 2025 2026 2025 Operating Activities of Continuing Operations Income from continuing operations: Attributable to Johnson Controls $
Slide 23: Footnotes
FOOTNOTES 1. Sale of Residential and Light Commercial HVAC Business In July 2025, the Company sold its Residential and Light Commercial ("R&LC") HVAC business, including the North America Ducted business and the global Residential joint venture with Hitachi Global Life Solutions, Inc. ("Hitachi"), o
Slide 24: Items Excluded from Certain Financial Measures
As detailed in the tables included in footnotes four through seven, the following items were excluded from certain financial measures: • Net mark-to-market adjustments are the result of adjusting restricted asbestos investments and pension and postretirement plan assets to their current market value
Slide 25: 3. Sales
3. Sales The following tables detail the changes in sales from continuing operations attributable to organic growth, foreign currency, acquisitions, divestitures and other (unaudited): Net sales Three Months Ended September 30, (in millions) Americas EMEA APAC Total Net sales - 2025 $ 4,325 $ 1,337
Slide 26: Products and Systems Revenue
Products and systems revenue Three Months Ended September 30, (in millions) Americas EMEA APAC Total Products and systems revenue - 2025 $ 3,093 $ 800 $ 559 $ 4,452 Base year adjustments Divestitures and other — — (2) (2) Foreign currency (8) (8) 7 (9) Adjusted products and systems revenue 3,085 792
Slide 27: Service Revenue
Service revenue Three Months Ended September 30, (in millions) Americas EMEA APAC Total Service revenue - 2025 $ 1,232 $ 537 $ 221 $ 1,990 Base year adjustments Divestitures and other — (42) (11) (53) Foreign currency 6 (8) — (2) Adjusted base service revenue 1,238 487 210 1,935 Organic growth 122 3
Slide 28: 4. Cash Flow, Free Cash Flow and Free Cash Flow Conversion
4. Cash Flow, Free Cash Flow and Free Cash Flow Conversion The following table includes operating cash flow conversion, free cash flow and free cash flow conversion (unaudited): Three Months Ended Twelve Months Ended September 30, September 30, (in millions) 2026 2025 2026 2025 Cash provided by oper
Slide 29: 5. EBIT, Segment Profitability and Corporate Expense
5. EBIT, Segment Profitability and Corporate Expense The following table reconciles income from continuing operations before income taxes to EBIT and adjusted EBIT (unaudited): Three Months Ended Twelve Months Ended September 30, September 30, (in millions) 2026 2025 2026 2025 Income from continuing
Slide 30: Segment EBIT to Segment EBITA Reconciliation
The following tables reconcile Segment EBIT to Segment EBITA (non-GAAP) as reported and reconcile Segment EBIT and Segment EBITA (non-GAAP) as reported to adjusted Segment EBIT and Segment EBITA (non-GAAP) and adjusted Segment EBIT and Segment EBITA (non-GAAP) margin (unaudited): Three Months Ended
Slide 31: Adjusted Segment EBITA Margin and Corporate Expense Reconciliation
The following table reconciles adjusted Segment EBITA (non-GAAP) to adjusted Segment EBITA margin (non- GAAP) (unaudited): Three Months Ended Twelve Months Ended September 30, September 30, (in millions) 2026 2025 2026 2025 Adjusted Segment EBITA (non-GAAP) Americas $ 1,086 $ 862 $ 3,471 $ 2,906 EME
Slide 32: 6. Net Income and Diluted Earnings Per Share
6. Net Income and Diluted Earnings Per Share The following tables reconcile net income from continuing operations attributable to JCI and diluted earnings per share from continuing operations as reported to the comparable adjusted amounts (unaudited): Three Months Ended September 30, Income from con
Slide 33: Share Count Reconciliation and Debt Ratios
The following table reconciles the denominators used to calculate basic and diluted earnings per share (in millions; unaudited): Three Months Ended Twelve Months Ended September 30, September 30, 2026 2025 2026 2025 Weighted average shares outstanding Basic weighted average shares outstanding 604 63
Slide 34: Adjusted EBIT and Adjusted EBITDA Reconciliation
The following table reconciles income from continuing operations to adjusted EBIT and adjusted EBITDA (unaudited): Twelve Months Ended (in millions) September 30, 2026 June 30, 2026 September 30, 2025 Income from continuing operations $ 2,890 $ 2,190 $ 1,724 Income tax provision 536 528 245 Income b
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