Owens Corning Inc · NYSE:OC

Owens Corning — Q2 2025 Earnings Presentation

27 slides from Owens Corning's earnings presentation, Aug 6, 2025

1. Slide 1: Second-Quarter 2025 Results

   SECOND-QUARTER 2025 RESULTS Brian Chambers | Chair & Chief Executive Officer Todd Fister | Chief Financial Officer August 6, 2025 | Q2 2025

2. Slide 2: Forward-Looking Statements and Non-GAAP Measures

   FORWARD-LOOKING STATEMENTS AND NON-GAAP MEASURES This presentation and the associated remarks contain forward-looking statements. We caution you against relying on these statements as they are subject to risks, uncertainties and other factors and actual results may differ materially from those resul

3. Slide 3: Agenda

   AGENDA COMPANY HIGHLIGHTS Brian Chambers FINANCIAL RESULTS Todd Fister BUSINESS OUTLOOK Brian Chambers QUESTIONS AND DISCUSSION All Owens Corning Delivers Strong Second Quarter Results from Continuing Operations 3

4. Slide 4: Owens Corning Highlights

   OWENS CORNING HIGHLIGHTS ($ in millions)2 Q2 2025 Q2 2024 YTD 2025 YTD 2024 Maintained safe operating environment and hosted first Global Net sales 2,747 2,497 5,277 4,514 Safety Week Adjusted EBITDA 703 678 1,268 1,193 Adjusted EBITDA as % of net sales 26% 27% 24% 26% Reached milestone of 20 consec

5. Slide 5: Financial Summary

   FINANCIAL SUMMARY ($ in millions, except per share data)1 Q2 2025 Q2 2024 YTD 2025 YTD 2024 Net sales 2,747 2,497 5,277 4,514 Net sales growth 10% n/a 17% n/a Net earnings attributable to OC 334 256 589 534 Net earnings attributable to OC as % of net sales 12% 10% 11% 12% Adjusted EBITDA 703 678 1,2

6. Slide 6: Balance Sheet and Capital Deployment

   BALANCE SHEET AND CAPITAL DEPLOYMENT Capital allocation strategy remains focused on consistently generating strong free cash flow, returning $2 billion to shareholders through 2026, and maintaining an investment grade balance sheet, while executing on business strategies to grow the company Second-Q

7. Slide 7: Roofing Business

   ROOFING BUSINESS ($ in millions)1 Q2 2025 Q2 2024 YTD 2025 YTD 2024 Delivered second-quarter revenue of Net sales 1,303 1,252 2,423 2,350 $1.3b, up 4% from prior year EBITDA 457 437 789 775 EBITDA as % of net sales 35% 35% 33% 33% Generated $457mm of EBITDA with 35% EBITDA margin Five-year financial

8. Slide 8: Insulation Business

   INSULATION BUSINESS ($ in millions)1 Q2 2025 Q2 2024 YTD 2025 YTD 2024 Delivered second-quarter revenue of Net sales 934 974 1,843 1,931 $934mm, down 4% from prior year EBITDA 225 246 450 469 EBITDA as % of net sales 24% 25% 24% 24% Generated $225mm of EBITDA with 24% EBITDA margin Five-year financi

9. Slide 9: Doors Business

   DOORS BUSINESS ($ in millions)1 Q2 2025 Q2 2024 YTD 2025 YTD 2024 Delivered second-quarter revenue of Net sales 554 311 1,094 311 $554mm EBITDA 75 61 143 61 EBITDA as % of net sales 14% n/a 13% n/a Generated $75mm of EBITDA with 14% EBITDA margin Revenue by Product2 Revenue by Geography2 Components

10. Slide 10: Full-Year 2025 Key Financial Outlook

    FULL-YEAR 2025 KEY FINANCIAL OUTLOOK FY 2025 General corporate EBITDA expenses $240mm - $260mm Interest expense1 $250mm - $260mm Full-year effective tax rate1 24% - 26% Capital additions1 Approximately $800mm Depreciation and amortization Approximately $650mm 1. Reflects full company performance inc

11. Slide 11: Q3 2025 Business Outlook

    Q3 2025 BUSINESS OUTLOOK ENTERPRISE: • Revenue for continuing operations slightly down to in line with prior year, approximately $2.7 to $2.8 billion • Expect North America residential markets to see volume declines versus prior year • Anticipate relatively stable North America non-residential const

12. Slide 12: Questions and Discussion

    QUESTIONS AND DISCUSSION

13. Slide 13: Appendix A: Non-GAAP Reconciliations – Table 1

    APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 1 13

14. Slide 14: Appendix A: Non-GAAP Reconciliations – Table 2

    APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 2 14

15. Slide 15: Appendix A: Non-GAAP Reconciliations – Table 3

    APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 3 15

16. Slide 16: Appendix A: Non-GAAP Reconciliations – Table 4

    APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 4 16

17. Slide 17: Appendix A: Non-GAAP Reconciliations – Table 5

    APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 5 17

18. Slide 18: Appendix A: Non-GAAP Reconciliations – Table 6

    APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 6 18

19. Slide 19: Appendix A: Non-GAAP Reconciliations – Table 7

    APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 7 19

20. Slide 20: Appendix A: Non-GAAP Reconciliations – Table 8

    APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 8 20

21. Slide 21: Appendix A: Non-GAAP Reconciliations – Table 9

    APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 9 21

22. Slide 22: Appendix A: Non-GAAP Reconciliations – Table 10

    APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 10 22

23. Slide 23: Appendix A: Non-GAAP Reconciliations – Table 11

    APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 11 23

24. Slide 24: Appendix A: Non-GAAP Reconciliations – Table 12

    APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 12 24

25. Slide 25: Appendix A: Non-GAAP Reconciliations – Table 13

    APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 13 25

26. Slide 26: Appendix A: Non-GAAP Reconciliations – Table 14

    APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 14 26

27. Slide 27: Appendix A: Non-GAAP Reconciliations – Table 15

    APPENDIX A: NON-GAAP RECONCILIATIONS – TABLE 15 27

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