Janus International Group, Inc. · NYSE:JBI
Janus International — Q3 2025 Earnings Presentation
19 slides from Janus International's earnings presentation, Nov 6, 2025
Slide 1: Third Quarter 2025 Earnings Presentation
THIRD QUARTER 2025 EARNINGS PRESENTATION Novemberby: Presented 6, 2025 JanusIntl.com JanusIntl.com 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements in this communication, including the estimated guidance provided under “2025 Guidance and Key Planning Assumptions”, “Long-Term Fundamentals and Investment Highlights”, and “Executing Against the Plan for Significant Value” herein, may be considered “for
Slide 3: Agenda
Agenda Ramey Jackson Anselm Wong Chief Executive Officer Chief Financial Officer Business Overview & 3Q25 Financial Overview & Market Update Guidance Update JanusIntl.com 3
Slide 4: Third Quarter 2025 Results Highlights
Third Quarter 2025 Results Highlights • Delivered $219.3 million in Total Revenue compared to $230.1 million in 3Q 2024 • Total Self-Storage up 3.7% year-over-year Third Quarter 2025 Revenue Mix ◦ New Construction up 5.5%, Restore, Rebuild & Replace (“R3”) up 0.7% • Commercial & Other down 20.1% Sel
Slide 5: Third Quarter 2025 Results Overview
Third Quarter 2025 Results Overview Adj. EBITDA1 Revenue $219.3M $43.6M 4.7% decrease 1.2% increase 19.9% margin Adj. Diluted EPS1 Operating Cash $0.16 Flow Adj. Net Income1 $15.0M of $22.6M FCF1 of $8.3M Strong Cash Flow Generation Amid A Challenging Macroeconomic Environment 1. Adjusted EBITDA, Ad
Slide 6: Year-to-Date 2025 Results Overview
Year-to-Date 2025 Results Overview Revenue Adj. EBITDA1 $657.9M $131.0M 10.2% decrease 24.7% decrease 19.9% margin Adj. Diluted EPS1 Operating Cash Flow $0.49 Adj. Net Income1 $114.7M of $68.7M FCF1 of $94.8M Laying the Groundwork for Sustainable Profit Generation 1. Adjusted EBITDA, Adjusted Net In
Slide 7: Revenue Breakdown by Sales Channel
Revenue Breakdown by Sales Channel $ in millions New Construction R3 Commercial • 3Q 2025 revenue of $97.3M up 5.5% • 3Q 2025 revenue of $57.3M up 0.7% • 3Q 2025 revenue of $64.7M down 20.1% year-over year year-over year year-over year • Strength in International segment and • Strength in door repla
Slide 8: Third Quarter 2025 Revenue and Adj. EBITDA Drivers
Third Quarter 2025 Revenue and Adj. EBITDA1 Drivers $ in millions Revenue Adjusted EBITDA 1. Adjusted EBITDA is not a financial measure determined in accordance with GAAP. For a definition of this metric and a reconciliation to our most directly comparable financial measure calculated and presented
Slide 9: Year-to-Date 2025 Revenue and Adj. EBITDA Drivers
Year-to-Date 2025 Revenue and Adj. EBITDA1 Drivers $ in millions Revenue Adjusted EBITDA 1. Adjusted EBITDA is not a financial measure determined in accordance with GAAP. For a definition of this metric and a reconciliation to our most directly comparable financial measure calculated and presented i
Slide 10: Strong Balance Sheet & Liquidity Enable Financial Flexibility
Strong Balance Sheet & Liquidity Enable Financial Flexibility Balanced Capital Allocation Approach Solid Free Cash Flow1 Generation • Track record of identifying, executing, and integrating acquisitions to support 1 Acquisitions strategic growth • Highly accretive M&A strategy • Repurchased 1.9 mill
Slide 11: 2025 Guidance and Key Planning Assumptions
2025 Guidance and Key Planning Assumptions Assumption Estimate Revenue Depreciation and $40M - $50M Amortization $870M - $880M Capital Expenditures2 2.5% - 3.0% of Revenue Interest Expense, net $36M - $40M Adjusted EBITDA1 Effective Tax Rate3 26% - 27% $164M - $170M Unmitigated Tariff Impact4 Low Si
Slide 12: Long-Term Fundamentals and Investment Highlights
Long-Term Fundamentals and Investment Highlights Industry Leader in Well- Sustainable Multi-Faceted Strategy Structured Market Demand Drivers Driving Long-Term Growth Self-Storage (New Construction and R3): Self-Storage facility demand driven by Further Penetration of Self-Storage recurring life eve
Slide 13: Executing Against the Plan for Significant Value
Executing Against the Plan for Significant Value1 Organic Revenue Growth Margin Expansion Cash Flow Generation (Long-Term Targets) (Long-Term Targets) (Long-Term Targets) Annual Organic Adjusted EBITDA2 Free Cash Flow2 Net Leverage2 Revenue Growth Margin Conversion 4% - 6% 25% - 27% 75% - 100% 2.0x
Slide 14: Appendix
APPENDIX JanusIntl.com 14
Slide 15: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation* (In millions, except percentages) Three Months Ended Variance Nine Months Ended Variance September September September September (dollar amounts in millions) 27, 2025 28, 2024 $ % (dollar amounts in millions) 27, 2025 28, 2024 $ % Net Income $ 15.2 $ 11.8 $ 3.4 28.8 %
Slide 16: Adjusted Net Income Reconciliation
Adjusted Net Income Reconciliation* (In millions, except percentages) Three Months Ended Nine Months Ended September 27, 2025 September 28, 2024 September 27, 2025 September 28, 2024 Net Income $ 15.2 $ 11.8 $ 46.7 $ 70.1 Net Income Adjustments(1) 2.1 5.2 5.3 9.0 Amortization 8.3 8.2 24.8 23.7 Tax E
Slide 17: Non-GAAP Adjusted EPS
Non-GAAP Adjusted EPS* (In millions, except share and per share data) Three Months Ended Nine Months Ended September 27, 2025 September 28, 2024 September 27, 2025 September 28, 2024 Numerator: GAAP Net Income $ 15.2 $ 11.8 $ 46.7 $ 70.1 Non-GAAP Adjusted Net Income* $ 22.6 $ 22.3 $ 68.7 $ 92.8 Deno
Slide 18: Free Cash Flow Conversion
Free Cash Flow Conversion* (In millions, except percentages) Nine Months Ended September 27, 2025 September 28, 2024 Cash flow from Operating Activities $ 114.7 $ 102.6 Less: Purchases of property, plant and equipment (19.9) (14.0) Free Cash Flow* $ 94.8 $ 88.6 Non-GAAP Adjusted Net Income* $ 68.7 $
Slide 19: Net Leverage Ratio
Net Leverage Ratio* (In millions, except ratios) September 27, 2025 December 28, 2024 Note payable - First Lien $ 554.0 $ 598.5 Less: Cash 178.9 149.3 Net Debt* $ 375.1 $ 449.2 Net Income (Trailing Twelve-Month periods ended)*(1) $ 47.0 $ 70.4 Adjusted EBITDA (Trailing Twelve-Month periods ended)*(2
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