Otis Worldwide Corporation (OTIS) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript

Otis Worldwide Corporation ( OTIS ) Morgan Stanley's 14th Annual Laguna Conference September 17, 2026 3:20 PM EDT Company Participants Judith Marks - Chair, President & CEO Conference Call Participants Brandon Knutson - Morgan Stanley, Research Division Presentation Brandon Knutson Morgan Stanley, Research Division Good afternoon, everyone. My name is Brandon Knutson. I'm on the multi-industrials team here at Morgan Stanley. And I'm here with Judy Marks, CEO of Otis Elevators and looking forward to our conversation. But before we get started, I need to read some disclosures. So for important disclosures, please see the Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley representative. Judith Marks Chair, President & CEO And from an Otis perspective, our forward-looking statements and disclaimers apply. Question-and-Answer Session Brandon Knutson Morgan Stanley, Research Division Great. Well, Judy, I saw the announcement Monday. You announced your retirement. First off, congratulations on a great tenure at Otis. And when we look back at your career there, what are you most proud of from your time at Otis? And what are you most excited about for the next CEO to take over? Judith Marks Chair, President & CEO Thanks, Brandon. I mean this is an exciting time for Otis, and I couldn't be more proud, and I really need to thank our customers around the world and most importantly, our 72,000 colleagues. When you think about us really spinning out of a conglomerate after over 43 years and still leading our industry, creating our Service business model and being able to accomplish that regardless of what headwinds were thrown our way. I couldn't be more proud of our team. I couldn't be more proud of the results, and I couldn't be more proud of the people we support, 2.5 billion people a day who