Quanex Building Products Corporation · NYSE:NX
Quanex Building Products — Investor Presentation (March 2026)
38 slides from Quanex Building Products's investor presentation, March 2026
Slide 1: Investor Presentation March 2026
MARCH 2026 INVESTOR PRESENTATION
Slide 2: Safe Harbor Statement
SAFE HARBOR S TATEMENT Forward Looking Statements Statements that use the words “anticipate,” “estimated,” “expect,” “could,” “should,” “target,” “believe,” “will,” “might,” “predict,” “pursue” or similar words reflecting future expectations or beliefs are forward-looking statements. This presentati
Slide 3: Quanex At-A-Glance Proforma FY 2025
QUANEX AT- A-GLANCE PROFORMA FY 2025 REVENUE BREAKDOWN Global manufacturer with Diversified business Key Strengths and Market Leadership best-in-class team, extensive operating and reporting plant network and expansive through three segments • Core capabilities and broad ~ 40% ~ 60% operating footpr
Slide 4: Core Manufacturing Capabilities with Broad Applications
CORE MANUFACTURING C APABILITIES WITH BROAD APPLIC ATIONS RUBBER EXTRUSION VINYL EXTRUSION WOODWORK The continuous process in which rubber and PVC resin, impact modifiers, UV and heat Interior wood components are created other additive compounds are softened stabilizers as well as flow agents are me
Slide 5: Establishing a Global and Differentiated Manufacturing Footprint
ES TABLISHING A GLOBAL AND DIFFERENTIATED MANUFACTURING FOOTPRINT Extensive global DOMESTIC FOOTPRINT manufacturing capacity INTERNATIONAL FOOTPRINT (48 plants) Domestic footprint supports local customer base Ideally positioned to handle international supply chain disruptions Efficient design allowi
Slide 6: Recent Softness in U.S. Residential Market Leaves Room for Uplift from Secular Tailwinds
RECENT SOFTNESS IN U.S. RESIDENTIAL MARKET LEAVES ROOM FOR UPLIFT FROM SECULAR TAILWINDS Aging Housing Stock & Record Home Housing Shortage & Demographic Trends Affordability Remains Equity Support R&R Spend to Spur New Construction Front & Center • Aging U.S. home base now exceeds 40 • U.S. housing
Slide 7: European Focus on Energy-Efficient Renovation and Middle Eastern Demographic Trends
EUROPEAN F OCUS ON ENERGY-EFFICIENT RENOVATION AND MIDDLE EAS TERN DEMOGRAPHIC TRENDS SUPPORT END MARKET DEMAND Continued State Support in Persistent Underbuild and Household Middle East: Larger and Growing Energy Renovation Formation to Drive New Construction Urban Population • Strong public suppor
Slide 8: Taking Sustainability to the Next Level
TAKING SUS TAIN ABILIT Y TO THE NEXT LEVEL Accelerating trends provide significant opportunities to grow in both existing and adjacent markets EXPANDING OUR ENERGY-EFFICIENCY SOLUTIONS ENHANCING OUR SUSTAINABILITY INITIATIVES NEW PRODUCT DEVELOPMENT Developing sustainability strategy that sets new E
Slide 9: Capitalizing on Strong Foundation for Long-Term Growth & Success
CAPITALIZING ON S TRONG F OUNDATION F OR LONG -TERM GROW TH & SUCCESS PORTFOLIO OF SOLUTIONS BUILT TRACK RECORD OF SUCCESS FOUNDATION BUILT FOR GROWTH TO SUCCEED Executing on organic growth and Comprising products with strong brand integration, synergy realization recognition and serving 90+ countri
Slide 10: Operating Segments
OPERATING SEGMENTS HARDWARE SOLUTIONS EXTRUDED SOLUTIONS CUSTOM SOLUTIONS Insulating Glass Spacers Vinyl / PVC Extrusions Window & Door Hardware Wood Solutions Sealing Solutions & Misc. Specialty Products Custom Mixing Solutions Screens & Other Fenestration Components Access Solutions 10
Slide 11: Hardware Solutions At-A-Glance
HARDWARE SOLUTIONS Manufacturing Footprint AT-A-GLANCE NORTH AMERICA EUROPE OPERATING SEGMENT OVERVIEW • Manufactures window and door hardware, screens and other fenestration components • 22 manufacturing locations and 9 warehouses across the world # of Employees ASIA 3,453 ~ 45% REVENUE Hardware So
Slide 12: Window & Door Hardware
WINDOW & DOOR HARDWARE PRODUCT LINE OVERVIEW MANUFACTURING FOOTPRINT Produces a broad range of high quality and highly customized window and door components • Highly engineered products • Well established customer base with strong value impact for • Strong global manufacturing customers relative to
Slide 13: Screens & Other Fenestration Components
SCREENS & O THER FENES TRATION COMPONENT S PRODUCT LINE OVERVIEW MANUFACTURING FOOTPRINT • Largest portfolio of screen • Well established customer solutions for windows and base patio doors, as well as • Highly integrated in customer exterior and patio door supply chain thresholds and other precisio
Slide 14: Extruded Solutions At-A-Glance
EXTRUDED Manufacturing Footprint SOLUTIONS NORTH AMERICA EUROPE AT-A-GLANCE OPERATING SEGMENT OVERVIEW • Manufactures IG spacer products, vinyl and composite profiles used in the assembly of windows, doors, conservatories and roofs, fencing, decking, piling and fascia trims • 11 manufacturing locati
Slide 15: Insulating Glass Spacers
INSULATING GLASS SPACERS PRODUCT LINE OVERVIEW MANUFACTURING FOOTPRINT Highly engineered products focused on improving window and patio door thermal and energy efficiency • Produces highly engineered IG • Diverse customer base spacer products using compound generating cross-selling extrusion and lam
Slide 16: Vinyl/PVC Extrusions
VINYL/PVC EXTRUSIONS PRODUCT LINE OVERVIEW MANUFACTURING FOOTPRINT Produces vinyl and composite profiles used in the assembly of windows, doors, conservatories and roofs, fencing, decking, piling and fascia trims • Strong relationships with the • Strong partnership with top door and window fabricato
Slide 17: Seals
SEALS PRODUCT LINE OVERVIEW MANUFACTURING FOOTPRINT Producer of high-performance sealing solutions • Trusted brands such as • Uses a wide range of materials and Q-LON and Foam-Tite have manufacturing technologies to serviced the industry for meet the fenestration market's over 60 years form, fit, an
Slide 18: Misc. Specialty Products
MISC. SPECIALT Y PRODUCT S PRODUCT LINE OVERVIEW MANUFACTURING FOOTPRINT History of performance and product knowledge of specialty products • Solar panel sealant solutions improve • Products for Resale panel longevity and maximize power (PFR’s) consist of • Flashing tape is a self-adhesive tape seal
Slide 19: Custom Solutions At-A-Glance
CUSTOM SOLUTIONS Manufacturing Footprint AT-A-GLANCE NORTH AMERICA OPERATING SEGMENT OVERVIEW • Manufactures high-quality hardwood and engineered wood components, technically advanced rubber compounds and specialty access solutions • 15 manufacturing locations and 3 warehouses across North America E
Slide 20: Wood Solutions
WOOD SOLUTIONS PRODUCT LINE OVERVIEW MANUFACTURING FOOTPRINT Single-source supplier of high-quality hardwood and engineered wood cabinet doors and drawer fronts and components for kitchen and bath OEMs • Close working relationship • Opportunity to expand into adjacent with top cabinet OEMs wood prod
Slide 21: Custom Mixing Solutions
CUSTOM MIXING SOLUTIONS PRODUCT LINE OVERVIEW MANUFACTURING Technically advanced rubber compounding facility supporting niche and FOOTPRINT specialized products for the custom mixing market • Well-invested industrial plant with capacity • Highly customer centric available to support 40% growth witho
Slide 22: Access Solutions
ACCESS SOLUTIONS PRODUCT LINE OVERVIEW MANUFACTURING FOOTPRINT Industry leader in the design and manufacture of specialty access solutions for industrial, commercial and U.S. residential applications NORTH AMERICA • Manufacturing facilities across the U.S. • Commercial product range is highly and in
Slide 23: Financial Overview
FINANCIAL OVERVIEW MM,
Slide 24: Building on Track Record of Growth
BUILDING ON TRACK RECORD OF GROW TH REVENUE Step Change ADJUSTED EBITDA Step Change ($ in millions) Driven by Driven by Tyman Tyman Acquisition Acquisition $1,838 $300 Adjusted EBITDA ($ in millions) 5-Yr CAGR ~8% $250 5-Yr CAGR ~12% $1,278 $200 $1,222 $1,131 $1,072 $150 $852 $100 $50 FY 2020 FY 202
Slide 25: Enhancing Profitability in Second Half of Fiscal Year Due to Seasonality
ENHANCING PROFITABILIT Y IN SECOND HALF OF FISCAL YEAR DUE TO SEASONALIT Y FREE CASH FLOW ADJUSTED EBITDA (% of total) ($ in millions) 80% 140% 124.2% 118.4% 70% 67.5% 120% 110.3% 64.1% 62.2% 60% 58.1% 100% 55.4% 54.4% 78.7% 50% 45.6% 80% 44.6% 41.9% 64.9% 61.8% 40% 37.8% 60% 35.9% 32.5% 35.1% 38.2%
Slide 26: Increasing Long-Term Total Shareholder Returns
INCREASING LONG -TERM TOTAL SHAREHOLDER RETURNS CAPITAL ALLOCATION PRIORITIES MAINTAIN HEALTHY, COMMITTED TO OPPORTUNISTICALLY DEPLOY CASH INTO AREAS RETURN EXCESS CASH YET EFFICIENT, PAYING DIVIDEND WITH THE HIGHEST RISK-ADJUSTED RETURNS AND TO SHAREHOLDERS BALANCE SHEET ABOVE MINIMUM HURDLE RATE N
Slide 27: Solid Track Record of Deleveraging Post-Acquisition
SOLID TRACK RECORD OF DELEVERAGING POS T -ACQUISITION NET LEVERAGE (1) Tyman Acquisition 4.0x 3.7x 3.5x 3.5x Liniar and 3.2x Woodcraft Acquisitions 3.0x 2.7x 2.6x 2.6x 2.5x 2.2x 2.3x 2.0x 2.0x ~1.0x - 1.5x NET LEVERAGE RATIO TARGET 1.5x 1.2x LMI Custom Mixing Acquisition 1.0x 0.8x 0.6x 0.6x 0.5x 0.3
Slide 28: Strong Free Cash Flow Generation Expected to Improve Further
S TRONG FREE CASH FLOW GENERATION EXPECTED TO IMPROVE FUR THER FREE CASH FLOW ($ in millions) ~$225+ $200 FREE CASH FLOW PRIORITIES • Debt paydown, stock $160 repurchases, strategic M&A, and dividend increases • Improve working capital $120 $109.7 $102.3 profile of legacy Tyman • Continue to focus o
Slide 29: Investing for Sustainable Long-Term Growth
INVES TING F OR SUS TAIN ABLE LONG -TERM GROW TH $90 35% ~22% $80 5-Yr Avg Capex % of EBITDA PF Capex + 30% Project Specific Growth Capex CAPEX as % of EBITDA $70 CAPEX ($ in millions) 25.8% 23.4% 25% $60 21.7% $62.6 18.9% 20.3% 20% $50 $40 15% $37.4 $37.1 $30 $33.1 10% $20 $24.0 5% $10 $0 0% FY 202
Slide 30: Growing Manufacturing Business with Core Capabilities & Broad Applications
GROWING MANUFACTURING BUSINESS WITH CORE C APABILITIES & BROAD APPLIC ATIONS A global market leader focused on niche products and aligned with top OEMs 01 across all product categories 02 Strong free cash flow generation, healthy balance sheet with significant liquidity Material science and process
Slide 31: Appendix
APPENDIX 31
Slide 32: FY 2026 Guidance
FY 2026 GUIDANCE ~$1.84 – $1.87B ~$240 – $245M ~$100M NET SALES ADJUSTED EBITDA FREE CASH FLOW • Year-over-year sales growth • Expectation is for FY26 to • Free cash flow ramp in 2H driven by foreign exchange be somewhat flat to FY25 due to seasonality translation and tariff pass- • Uplift from addi
Slide 33: GAAP/Non-GAAP Reconciliation (Unaudited)
G AAP/NON-G AAP RECONCILIATION (UN AUDITED) FY25, FY24, FY23, FY22, FY21 & FY20 Adjusted Net Income & Adjusted EBITDA to Net Income Twelve Months Ended Twelve Months Ended Twelve Months Ended Twelve Months Ended Twelve Months Ended Twelve Months Ended Reconciliation of Adjusted Net Income October 31
Slide 34: GAAP/Non-GAAP Reconciliation (Unaudited)
G AAP/NON-G AAP RECONCILIATION (UN AUDITED) FY25 Adjusted Net Income & Adjusted EBITDA to Net Income Three Months Ended Three Months Ended Three Months Ended Three Months Ended Total October 31, 2025 July 31, 2025 April 30, 2025 January 31, 2025 Net Net Net Net Net Income Income Income Income Income
Slide 35: GAAP/Non-GAAP Reconciliation (Unaudited)
G AAP/NON-G AAP RECONCILIATION (UN AUDITED) Free Cash Flow ($ in thousands) Q1 2020 Q2 2020 Q3 2020 Q4 2020 Fiscal 2020 Cash (used for) provided by operating activities ($3,657) $6,129 $45,089 $53,235 $100,796 Capital expenditures ($9,312) ($7,001) ($4,360) ($5,053) ($25,726) Free Cash Flow ($12,969
Slide 36: GAAP/Non-GAAP Reconciliation (Unaudited)
G AAP/NON-G AAP RECONCILIATION (UN AUDITED) Net Debt & Net Leverage The following table reconciles the Company's Net Debt which is defined as total debt principal of the Company plus finance lease obligations minus cash. FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Capitalization ($ in thousand
Slide 37: Executive Compensation
EXECUTIVE COMPENSATION Aligned with Shareholders Performance-based compensation philosophy at target • Base salary targeted at market 50th percentile • Annual incentive award based on specific metrics • Long-term incentives as referenced below 2026 Annual Incentive Award • 25% weighting on Revenue g
Slide 38: Investor Contact
INVES TOR CONTACT Scott Zuehlke SVP, CFO & Treasurer 945 Bunker Hill Rd., Suite 900 Houston, TX 77024 (713) 877-5327 scott.zuehlke@quanex.com 38
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