Janus International Group, Inc. · NYSE:JBI
Janus International — Q4 2025 Earnings Presentation
19 slides from Janus International's earnings presentation, Mar 5, 2026
Slide 1: Fourth Quarter & Full Year 2025 Earnings Presentation
FOURTH QUARTER & FULL YEAR 2025 EARNINGS PRESENTATION March 4, 2026 Presented by: JanusIntl.com JanusIntl.com 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements in this communication, including the estimated guidance provided under “2026 Guidance and Key Planning Assumptions” and “Long-Term Fundamentals and Investment Highlights”, herein, may be considered “forward-looking statements” within the meaning of Secti
Slide 3: Agenda
Agenda Ramey Jackson Anselm Wong Chief Executive Officer Chief Financial Officer 2025 Review & 4Q25 Financial Overview & Business Update Guidance Update JanusIntl.com 3
Slide 4: Full Year 2025 Highlights
Full Year 2025 Highlights • Delivered $884.2 million in Total Revenue compared to $963.8 million in 2024 • Total Self-Storage down 9.7% year-over-year ◦ New Construction down 12.6%, Restore, Rebuild & Replace (“R3”) down 4.9% • Commercial & Other down 5.1% • International revenue of $103.9 million,
Slide 5: Kiwi II Construction Acquisition
Kiwi II Construction Acquisition Overview Services Provided • Premier self-storage buildings provider • Founded in 1982 and Value Supply Erect / headquartered in Temecula, Design Bid Engineer Materials Install CA • Paid $97.2M in cash as consideration • Approximate 5x Adj. EBITDA1 multiple post syne
Slide 6: Financial Results Overview
Financial Results Overview Adj. EBITDA1 Adj. Diluted EPS1 Operating Revenue Cash Flow 4Q 2025 $226.3M $37.2M $0.11 1.9% decrease 7.5% increase Adj. Net Income1 $24.8M 16.4% margin of $15.6M FCF1 of $19.2M Adj. EBITDA1 Adj. Diluted EPS1 Operating Revenue FY 2025 $884.2M $168.2M $0.60 Cash Flow 8.3% d
Slide 7: Revenue Breakdown by Sales Channel
Revenue Breakdown by Sales Channel $ in millions New Construction R3 Commercial & Other • 4Q 2025 revenue of $88.9M down 8.1% • 4Q 2025 revenue of $63.9M up 12.7% • 4Q 2025 revenue of $73.5M down 5.0% year-over year year-over year year-over year • Continued softness in North America • Strength in do
Slide 8: Fourth Quarter 2025 Revenue and Adj. EBITDA Drivers
Fourth Quarter 2025 Revenue and Adj. EBITDA1 Drivers $ in millions Revenue Adjusted EBITDA SG&A Bad Debt $ 7.3 Warranty $ 2.1 Other $ 1.1 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 compar
Slide 9: 2025 Revenue and Adj. EBITDA Drivers
2025 Revenue and Adj. EBITDA1 Drivers $ in millions Revenue Adjusted EBITDA SG&A Bad Debt $ 15.4 Warranty $ 2.5 Share Based Compensation $ (5.3) Other $ 1.4 1. Adjusted EBITDA is not a financial measure determined in accordance with GAAP. For a definition of this metric and a reconciliation to our m
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 strategic growth 1 Acquisitions • Highly accretive M&A strategy • Acquired Kiwi II Con
Slide 11: 2026 Guidance and Key Planning Assumptions
2026 Guidance and Key Planning Assumptions Revenue Assumption Estimate $940M - $980M Depreciation and $58M - $68M Includes $90M - $100M inorganic revenue Amortization 8.6% growth at the midpoint year-over-year Capital Expenditures 1.5% - 2.0% of Revenue Adjusted EBITDA1 Interest Expense, net $29M -
Slide 12: Multi-faceted Strategy to Drive Growth
Multi-faceted Strategy to Drive Growth Further Penetration of Increase Share in the Drive Adoption of Access Pursue Strategic, Accretive Self-Storage Commercial Market Control Technology Acquisitions Expand design-build services, Further develop product Capitalize on existing Continue to source, eva
Slide 13: Long-Term Fundamentals and Investment Highlights
Long-Term Fundamentals and Investment Highlights Industry Leader in Well-Structured Market Sustainable Demand Drivers Support with Attractive Areas for Expansion Future Growth Self-Storage (New Construction and R3): Self-Storage (New Construction & R3): • Provider of end-to-end solutions, from early
Slide 14: Appendix
APPENDIX JanusIntl.com 14
Slide 15: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation* (In millions, except percentages) Three Months Ended Variance Year Ended Variance January 3, December January 3, December (dollar amounts in millions) 2026 28, 2024 $ % (dollar amounts in millions) 2026 28, 2024 $ % Net Income $ 7.1 $ 0.3 $ 6.8 2266.7 % Net Income $ 5
Slide 16: Adjusted Net Income Reconciliation
Adjusted Net Income Reconciliation* (In millions, except percentages) Three Months Ended Year Ended January 3, 2026 December 28, 2024 January 3, 2026 December 28, 2024 Net Income $ 7.1 $ 0.3 $ 53.8 $ 70.4 Net Income Adjustments(1) 3.6 5.7 8.9 14.6 Amortization 8.4 8.3 33.2 32.0 Tax Effect on Net Inc
Slide 17: Non-GAAP Adjusted EPS
Non-GAAP Adjusted EPS* (In millions, except share and per share data) Three Months Ended Year Ended January 3, 2026 December 28, 2024 January 3, 2026 December 28, 2024 Numerator: GAAP Net Income $ 7.1 $ 0.3 $ 53.8 $ 70.4 Non-GAAP Adjusted Net Income* $ 15.6 $ 13.5 $ 83.4 $ 104.6 Denominator: Weighte
Slide 18: Free Cash Flow Conversion
Free Cash Flow Conversion* (In millions, except percentages) Three Months Ended Year Ended January 3, 2026 December 28, 2024 January 3, 2026 December 28, 2024 December 30, 2023 December 31, 2022 January 1, 2022 Cash flow from Operating Activities $ 24.8 $ 51.4 $ 139.5 $ 154.0 $ 215.0 $ 88.5 $ 74.8 L
Slide 19: Net Leverage Ratio
Net Leverage Ratio* (In millions, except ratios) Year Ended January 3, 2026 December 28, 2024 December 30, 2023 December 31, 2022 January 1, 2022 Note payable - First Lien $ 551.0 $ 598.5 $ 623.4 $ 714.3 $ 722.4 Less: Cash 194.4 149.3 171.7 78.4 13.2 Net Debt* $ 356.6 $ 449.2 451.7 635.9 709.2 Net I
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