APi Group Company (APG) JPMorgan Industrials Convention 2026 March 17, 2026 7:30 AM EDT
Firm Individuals
Glenn Jackola – Govt VP & CFO
Adam Walters
Convention Name Individuals
Tomohiko Sano – JPMorgan Chase & Co, Analysis Division
Presentation
Tomohiko Sano
JPMorgan Chase & Co, Analysis Division
Okay. Good morning, everybody. Welcome to JPMorgan Industrial Convention Day 2. That is Tomo Sano, SMID Cap Industrial analyst, and I am happy to open the day with APi Group. David Jackola, Govt Vice President, Chief Monetary Officer; Adam Walters, Senior Director, Investor Relations. Thanks, David, and Adam.
Glenn Jackola
Govt VP & CFO
Good morning.
Adam Walters
Good morning.
Tomohiko Sano
JPMorgan Chase & Co, Analysis Division
So earlier than we dive in, I might prefer to share why APi Group is such a compelling addition to this 12 months’s our convention. APi stands out as a pacesetter in security and specialty companies with a resilient regulatory-driven enterprise mannequin and a transparent street map to $10 billion plus income, 60% recurring income and 16% plus EBITDA margin by 2028. Their 10/16/60+ methods and powerful free money move make them a mannequin of each stabilities and development within the industrial sector. So to kick issues off, I believe it will be useful to start out with the introduction to APi Group, who the corporate is, what you do and in addition your tales. So David, might you kick off?
Glenn Jackola
Govt VP & CFO
All proper. All proper. Good morning. Earlier than I get began, I simply needed to take a minute to thank all people for displaying up vivid and early and on your curiosity in APi Group. So APi Group is a world advertising — market-leading enterprise service supplier of fireside and life security, safety, elevator and escalator and specialty companies. We did about $8 billion of income in 2025 and about 54% of that income comes from extremely