Jeld-wen Holding, Inc. · NYSE:JELD

Jeld-wen — J.P. Morgan 2018 Homebuilding & Building Products Conference

17 slides from Jeld-wen's conference presentation, May 14, 2018

  1. Slide 1: Investor Presentation | May 2018

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  2. Slide 2: Disclosures

    Disclosures Forward-Looking Statements This presentation contains certain "forward-looking statements" regarding business strategies, market potential, future financial performance, the potential of our categories and brands, the estimated impact of tax reform on our results, litigation outcomes, ou

  3. Slide 3: Introduction

    = 7 Introduction ¥ PT | |

  4. Slide 4: Global Market Leader with Strong Brands

    Global Market Leader with Strong Brands North America Europe Australasia #2 #1 #1 #1 #1 #1 #1 #3 Market Position – Resi. Doors Market Position – Non-Resi. Doors Market Position – Resi. Windows Doors Window s ~$4 BILLION MARKET LEADER IN CORE WINDOW & DOOR MARKET Source: Freedonia Custom Research Rep

  5. Slide 5: Broad Product Offering

    Broad Product Offering Segment Product Offering North America  $2.2 Net Revenues Wood Windows Vinyl Windows Interior Doors Exterior Doors Wall Systems Europe  $1.0B Net Revenues Residential Doors Commercial Doors Fire Resistant Sound Dampening Security Doors Australasia  $0.6B Net Revenues Window

  6. Slide 6: Demonstrated Ability to Grow Earnings

    Demonstrated Ability to Grow Earnings USD in millions Adjusted EBITDA 2013 - 2017 30% CAGR and Margins expanded ~720 bps $520 $438 $394 $311 11.6% 11.7% 10.7% $230 9.2% $153 6.6% 4.4% (1) 2013 2014 2015 2016 2017 2018 Est % Margin BUSINESS TRANSFORMATION & STRATEGIC M&A DRIVING EARNINGS GROWTH (1) R

  7. Slide 7: Free Cash Flow Accelerating

    Free Cash Flow Accelerating USD in millions Free Cash Flow (1) $203 Free Cash Flow $122 Greater $95 Than Adjusted Net Income -$49 -$135 2013 2014 2015 2016 2017 2018 Est. FREE CASH FLOW YIELD OF ~7%; TARGETING FCF IN EXCESS OF NET INCOME (1) Free Cash Flow is defined as cash flow from operating acti

  8. Slide 8: Strategic M&A

    Strategic M&A Segment 2015 2016 2017 2018 C l o s e d : Ma r c h 3 0 , 2 0 1 8 E xp e c t e d a n n u a l i ze d r e ve n u e i m p a c t : North $275M America P r o d u c t s : V a l u e - a d d e d m i l l wo r k f a b r i c a t i o n s e r vi c e s f o r d e a l e r s a n d home center customers

  9. Slide 9: Summary

    Summary  Global market leader with strong brands and a broad product mix drives a compelling core revenue growth opportunity  Demonstrated ability to grow earnings through core growth, productivity, sourcing and capital deployment  Strong free cash flow generation with attractive free cash flow y

  10. Slide 10: Recent Developments

    Recent Developments 10

  11. Slide 11: 2018 Outlook

    2018 Outlook USD in millions Q2 2018 Outlook 2017 Q2 Actual 2018 Q2 Outlook Adjusted EBITDA $125.3 $135 to $145 Full Year 2018 2018 FY Previous Outlook (1) 2018 FY Updated Outlook (2) Net Revenue Growth 10.0% to 13.0% 17.0% – 19.0% Core Revenue Growth ~3% ~3% Adjusted EBITDA $505 to $535 $505 to $53

  12. Slide 12: 2018 Outlook Assumptions

    2018 Outlook Assumptions Core Growth:  Unfavorable comps from Florida retail business rationalization ended Q1 2018  New Lowes business expected to hit run rate in 2H 2018  Regaining North America windows share lost in 2017 Price / Cost:  2018 pricing actions effective by end of Q2 2018 in all r

  13. Slide 13: Steves & Sons Litigation Update

    Steves & Sons Litigation Update Trade Secrets Case - Jury found that Steves misappropriated eight of JELD-WEN’s trade secrets, awarded $1.2 million Antitrust and Contract Claims - JELD-WEN maintains that it has not violated antitrust laws or breached contract - U.S. Department of Justice reviewed th

  14. Slide 14: CEO Transition Update

    CEO Transition Update  Search process well underway - Screened over 100 candidates - Five board members involved in interview process - Final selection expected in next 4-6 weeks  Kirk Hachigian will remain intimately involved in the business as Chairman for a transition period  Board, management

  15. Slide 15: Appendix

    Appendix 15

  16. Slide 16: 2018 Full Year Outlook Development & Assumptions

    2018 Full Year Outlook Development & Assumptions Adjusted EBITDA Revenue Growth Adjusted EBITDA Adjusted EBITDA Margin Change vs. 2018 Full Year Outlook Development Outlook Range vs. Margin % Outlook Range Prior Year Prior Year (midpoint) (midpoint) 2017 Actual N/A N/A 11.6% N/A New Developments: •

  17. Slide 17: Non-GAAP Reconciliation

    Non-GAAP Reconciliation (USD in millions) Fiscal Year Ended December 31, 2013 2014 2015 2016 2017 Net Income (loss) ($68.4) ($84.1) $90.9 $377.2 $10.8 Adjustments: Loss (income) from discontinued operations, net of tax 5.9 5.4 2.9 3.3 - Gain (loss) on sale of discontinued operations, net of tax (10.

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