Otis Worldwide (OTIS) AGM 2025 summary

Opening remarks and agenda

• The meeting was hosted virtually to increase inclusivity and began with a welcome from the Chair and CEO, emphasizing the company's commitment to safety, innovation, and customer-centric growth strategies.

• The formal meeting was called to order at 9:04 A.M. on May 15, 2025, with the appointment of key officials and a review of meeting procedures.

Financial performance review

• 2024 was highlighted as a year of strong financial performance, operational excellence, and effective execution of strategy, supported by a global workforce of 72,000.

• The company maintains the industry's largest service portfolio, managing 2.4 million elevators and escalators and moving 2.4 billion people daily.

Board and executive committee updates

• All board directors and a representative from the independent auditor attended the meeting.