Ufp Industries, Inc. · NASDAQ:UFPI
Ufp Industries — Investor Presentation (February 2026)
33 slides from Ufp Industries's investor presentation, Feb 24, 2026
Slide 1: Investor Relations Presentation: Results through December 27, 2025
Deckorators Voyage Decking with Surestone Technology INVESTOR RELATIONS PRESENTATION Results through December 27, 2025
Slide 2: Forward-looking statements and non-GAAP information
Please be aware that statements included in this presentation that are not historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act, as amended, and are based on management’s beliefs, assumptions, current expectations, estimates, and projections abou
Slide 3: UFP operating segments and softwood lumber conversion
The operating segments of UFP Industries – UFP Packaging, UFP Construction and UFP Retail Solutions – convert 6% of North American softwood lumber, manufacturing and selling a wide variety of value-added products used in residential and commercial construction, outdoor living, packaging and other in
Slide 4: 5 Year Performance
~3% Average Annual Unit growth ~24% Average Annual ROIC 2025: 13.2% ~170bps Expansion in adjusted EBITDA Margin 2025: 8.9% UFP Industries is focused on driving above market growth and compounding margins higher over time while maintaining best-in-class ROIC. 4 5 YEAR PERFORMANCE* ~ 10% Average Annua
Slide 5: Total Softwood Consumption by End Markets
TOTAL SOFTWOOD CONSUMPTION BY END MARKETS* $2.4B $2.0B $1.6B UFP 2025 REVENUE BY BUSINESS SEGMENTS *Source: Forest Economic Advisors. Improvements = Retail. Industrial = Packaging 5 19.2B board feet 19.4B board feet 11.2B board feet CONSTRUCTION IMPROVEMENTS INDUSTRIAL UFP has built-in scale advanta
Slide 6: UFP at a Glance
~14,000 Employees worldwide 196 Facilities worldwide 1955 Founded in Grand Rapids, MI $6.3B 2025 Net Sales 39% 32% 25% 4% Based on 2025 Net Sales $2.4B Big box, independents, & buying co-ops $1.6B Industrial manufacturers, OEM’s, agricultural and logistics UFP AT A GLANCE $2.0B Single-, multi-family
Slide 7: Where We Are
7 196 Locations 7 Countries WHERE WE ARE 173 5 1 2 8 1 6
Slide 8: Business Model Provides Sustainable Competitive Advantages
BUSINESS MODEL PROVIDES SUSTAINABLE COMPETITIVE ADVANTAGES 8 As North America’s largest buyer of softwood lumber, UFP owns scale advantage in sourcing and in serving the three largest softwood end markets – residential construction, retail building products and industrial packaging. While in its ear
Slide 9: Financial Goals, Objectives and Strategies
9 OBJECTIVES Above Market Organic Growth STRATEGIES • Capacity Expansion / Greenfield Investments • New Customers and Verticals • Dynamic Pricing • Automation / Robotics • Operational Technology • Supply Chain Optimization • Capacity Consolidations FINANCIAL GOALS Unit Sales Growth 7-10% CAGR Adjust
Slide 10: Value-Added Sales
2013 41% 59% 3% 31% 69% 7.2% 40% 60% 9.7% 32% 68% 10.3% 32% 68% 8.9% Value-added as a percent of sales VALUE-ADDED SALES Commodity Value-added 2011 2021 2024 Value-added products improve mix, raise EBITDA margins 10 2019 EBITDA Margin PalletOne and Spartanburg Forest Products acquisitions 2025
Slide 11: Broader Market Opportunities
CONSTRUCTION RETAIL PACKAGING ALTERNATIVE MATERIALS MANUFACTURING GROWTH Investments in value-added adjacencies add to TAM 11 Wood Components BROADER MARKET OPPORTUNITIES | MARGIN ENHANCEMENT | INCREASED WALLET SHARE Core/Historical Current state/Future scaling growth via capex and M&A Pressure-Trea
Slide 12: Innovation and New Products
• Create alternative product lines in close adjacencies to our current business • Source new technology solutions to spur growth and enhance productivity The company is making investments to Commitment to innovation moves the company steadily up the value chain. INNOVATION AND NEW PRODUCTS In 2022 w
Slide 13: Business Segments
BUSINESS SEGMENTS Commodity 48% Value Added 52% Commodity 25% Value Added 75% Commodity 19% Value Added 81% ProWood Group $2.0 Billion Deckorators $300 Million UFP Edge $105 Million Structural Packaging $999 Million PalletOne $522 Million Protective Packaging Solutions $82 Million Site Built $714 Mi
Slide 14: UFP Retail Solutions
On-trend brands to all major building products retailers, backed by best-in-class in-store and e-commerce support *Sales mix is 73% to Big Box customers and 27% to one- and two-step distribution as of Q4 2025 YTD. Premium siding, pattern, trim; interior accent wall products Wood- and mineral-based c
Slide 15: UFP Packaging
Innovative packaging solutions and components backed by a global manufacturing footprint and the industry’s leading engineering, design, and integrated service teams Structural Packaging Wood, steel, foam and corrugated for mixed material crates and specialty containers; hard cases, lumber processin
Slide 16: UFP Construction
Floor, wall and roof panels, cabinet components, countertops and milled components for modular and manufactured homes; Components for RV/cargo trailer and mobile offices. Offsite prefabrication of value-add formwork, aluminum horizontal shoring and vertical forming solutions for use in infrastructur
Slide 17: Segment Demand and Forward Outlook
MACRO DRIVERS INDUSTRY/CONSUMER TRENDS SHORT-TERM OUTLOOK SEGMENT DEMAND AND FORWARD OUTLOOK 17 • Repair and remodel activity • Aged housing stock • Housing turnover • Home equity at historic highs, but HELOC rates elevated as well • Consumers delaying larger projects • Lock-in mortgage effect • Dem
Slide 18: Sustainability Continuum
Drive operational excellence throughout the enterprise Cultivate a unique, rewarding culture throughout the UFP family of companies Provide significant opportunity for professional and personal growth Support communities in which we operate Supply exceptional products from sustainable sources Mainta
Slide 19: Financials
FINANCIALS () UFP INDUSTRIES
Slide 20: Our Performance
OUR PERFORMANCE Net Earnings (ACI) ROIC 2019 2023 2022 Unit sales growth rate $ in Millions Growth rate Strong track record of growth and performance improvement with emphasis on improving gross profit dollars per unit sold and ROIC. 2025 Adjusted EBITDA Margin exceeds 2019 by ~170 bps. 2024 Non-GAA
Slide 21: Managing Lumber Market Risk
MANAGING LUMBER MARKET RISK Adjusted EBITDA Margin Lumber Market Volatility* 4.2% 39.9% 6.1% 5.8% 9.2% 7.2% 11.4% 11.2% 10.3% 8.9% 0% 10% 20% 30% 40% 50% 0% 10% 20% 30% 40% 50% 2019 2022 2023 2024 2025 Lumber Market Volatility Adjusted EBITDA Margin *Standard deviation of lumber prices divided by av
Slide 22: Net Sales
NET SALES (in millions) $4,416 $9,627 $7,218 $6,652 $6,320 2019 2022 2023 2024 2025 UFP Consolidated $1,499 $3,771 $2,956 $2,598 $2,434 2019 2022 2023 2024 2025 UFP Retail Solutions $1,086 $2,395 $1,838 $1,637 $1,604 2019 2022 2023 2024 2025 UFP Packaging $1,637 $3,144 $2,161 $2,114 $2,004 2019 2022
Slide 23: Adjusted EBITDA
$317 $1,097 $810 $682 $564 2019 2022 2023 2024 2025 UFP Consolidated $75 $217 $208 $221 $164 2019 2022 2023 2024 2025 UFP Retail Solutions $101 $376 $244 $159 $136 2019 2022 2023 2024 2025 UFP Packaging $96 $422 $272 $208 $158 2019 2022 2023 2024 2025 UFP Construction 5.0% 5.8% 7.0% 8.5% 6.8% 9.3% 1
Slide 24: Adjusted EBITDA and Unit Sales Growth
UFP Consolidated UFP Retail Solutions UFP Packaging UFP Construction ADJUSTED EBITDA AND UNIT SALES GROWTH 6% 2% (9)% (1)% (3)% 19% 31% (26)% (16)% (17)% -40% -20% 0% 20% 40% 60% 2019 2022 2023 2024 2025 4% (1)% (6)% (3)% 0% 34% 25% (35)% (35)% (15)% -40% -20% 0% 20% 40% 60% 2019 2022 2023 2024 2025
Slide 25: Balanced Use of Free Cash Flow
BALANCED USE OF FREE CASH FLOW Return-focused approach to capital allocation $349 $832 $960 $643 $546 $25 $59 $68 $81 $82 $96 $82 $159 $443 $85 $174 $180 $232 $269 $39 $180 $52 $30 $18 Acquisitions Capex Share Buyback Dividends OCF 2019 2022 2023 2024 Operating Cash Flow and Capital Allocation (in m
Slide 26: Return on Invested Capital
RETURN ON INVESTED CAPITAL Hurdle Rate = 15% Percent 14.9% 34.6% 22.2% 18.3% 13.2% 0% 5% 10% 15% 20% 25% 30% 35% 40% 2019 2022 2023 2024 2025 WACC = 10% Long-Term Goal: Earn an incremental return on new investment greater than our hurdle rate Non-GAAP Financial Information: Please visit ufpinvestor.
Slide 27: Recent Acquisitions
Process Identify attractive growth runways in each Business Unit under each Business Segment and identify gaps in our capabilities to pursue those runways. Find new products and services to speed our transformation from commodity sales to value-added selling solutions and brands. Purpose Achieve sca
Slide 28: Capital Structure
CAPITAL STRUCTURE Conservative capital structure ensures ample resources to pursue investment opportunities with the highest return potential. Net Debt to Total Capitalization vs Maximum Target Net Debt to Adjusted EBITDA vs Maximum Target 0.0% 0.0% 0.0% 0.0% 0.0% 0% 5% 10% 15% 20% 25% 30% 35% 40% 4
Slide 29: Stock Performance
STOCK PERFORMANCE Long-term returns on UFPI stock are consistently above the proxy peers and major market indices Peers include MAS, BLDR, TREX, LPX, SSD, BCC, PATK, AMWD, SON, GEF, ROCK Stock prices are adjusted to account for dividend payouts Source: FactSet as of 2/2/2026 closing prices -8.0% 3.4
Slide 30: Quarterly Results
QUARTERLY RESULTS @) urp INDUSTRIES
Slide 31: Net Sales Q4 2025
NET SALES Q4 2025 (in millions) $1,462 $1,596 $1,835 $1,560 $1,330 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 UFP Consolidated $525 $607 $788 $594 $444 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 UFP Retail Solutions $375 $410 $429 $395 $370 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 UFP Packaging $487 $516 $
Slide 32: Adjusted EBITDA Q4 2025
ADJUSTED EBITDA Q4 2025 (in millions) $133 $142 $174 $140 $107 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 UFP Consolidated $44 $36 $64 $40 $25 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 UFP Retail Solutions $38 $35 $39 $34 $28 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 UFP Packaging $45 $37 $45 $42 $33 Q4 20
Slide 33: Thank You
2801 E. Beltline Ave. NE Grand Rapids, MI 49525 (800) 598-9663 - UFPI.com THANK YOU 33
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