Owens Corning (OC) Investor presentation summary

Business profile and targets

• 2025 revenue was $10.1B: Roofing $4.4B (43%), Insulation $3.7B (36%) and Doors $2.1B (21%); over 50% of revenue had repair-and-remodel exposure.

• Financial targets: $12.5B annual revenue, sustained mid-20% adjusted EBITDA margin, $1.5B+ annual free cash flow and mid-teens+ return on capital.

• Segment margin targets: Roofing 30% average, 27%-35% range; Insulation 24% average, 20%-27% range; Doors path to 20%, 13%-22% range.

Execution and capital allocation

• Enterprise revenue CAGR was ~4% from 2021 to 2025; adjusted EBITDA margins were 20%+ in each year from 2021 through 2025.

• Capital allocation targets 2-3x net debt to adjusted EBITDA leverage and 50% of free cash flow returned to shareholders over time; $2B shareholder returns targeted for 2025-2027.

• $4.6B returned to shareholders since 2019; quarterly dividend more than tripled, and 31% of outstanding shares repurchased from 2019 to 2025.

• Doors cost program added $75M of identified synergies beyond the original $125M commitment; total structural improvement cited at 500 bps.

Recent financial performance

• Q3 2026 net sales were $2.489B and adjusted EBITDA $489M, with a 20% margin; Q3 2025 was $2.684B, $638M and 24%, respectively.

• YTD 2026 net sales were $7.510B and adjusted EBITDA $1.518B, with a 20% margin; YTD 2025 was $7.961B, $1.906B and 24%, respectively.

• Q3 2026 segment sales and EBITDA: Roofing $1.042B and $299M (29% margin); Insulation $1.001B and $215M (21%); Doors $483M and $25M (5%).

• LTM through September 2026 segment EBITDA margins were 29% for Roofing, 21% for Insulation and 8% for Doors.