Masonite International (DOOR) investor relations material

Strategic positioning and business mix

• Focused building products leader with over 50% exposure to repair and remodel markets, generating $10.1B in 2025 revenue.

• Three market-leading businesses: Roofing (43% of sales), Insulation (36%), and Doors (21%).

• Revenue primarily from the U.S. (80%), with additional contributions from Canada, Mexico, Europe, and the rest of the world.

• Roofing segment leverages a premier contractor engagement model and strong brand recognition.

• Doors business leverages vertical integration and synergy-driven cost improvements.

Financial performance and targets

• Sustained mid-20% adjusted EBITDA margin, outperforming peers and maintaining resilience in lower markets.

• 2025 revenue reached $10.1B, with a CAGR of ~4% from 2021 to 2025.

• Significant annual free cash flow generation, with $1.3B in 2025 and a cumulative $5B+ targeted for 2025-2028.

• Over $4.6B returned to shareholders since 2019, with a target of $2B for 2025-2026.

• Investment grade balance sheet maintained, targeting 2-3x net debt to adjusted EBITDA leverage.

Operational excellence and growth initiatives

• Continuous operational efficiency through factory modernization, advanced analytics, and network optimization.

• Investments in growth and modernization, with capex at 5% of sales in 2024, declining to 4% by 2028.

• Over 120 new or improved products launched in the last three years, maintaining a 20%+ Product Vitality Index.

• Strategic focus on expanding product offerings and leveraging enterprise scale.

• Doors segment identified $75M in additional cost synergies, driving toward 20% EBITDA margins.