Janus International Group, Inc. · NYSE:JBI
Janus International — Q1 2026 Earnings Presentation
21 slides from Janus International's earnings presentation, May 12, 2026
Slide 1: First Quarter 2026 Earnings Presentation
FIRST QUARTER 2026 EARNINGS PRESENTATION Presented May 12, 2026 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: Non-GAAP Financial Measures
Non-GAAP Financial Measures Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures sho
Slide 4: Agenda
Agenda Ramey Jackson Anselm Wong Chief Executive Officer Chief Financial Officer 1Q26 Review & 1Q26 Financial Overview & Business Update Guidance Update JanusIntl.com 4
Slide 5: First Quarter 2026 Highlights
First Quarter 2026 Highlights • Delivered $222.7 million in Total Revenue compared to $210.5 million in 1Q 2025 • Total Self-Storage up 8.7% year-over-year; New Construction up 10.9%, Restore, Rebuild & Replace (“R3”) up 5.3% ◦ Kiwi II Construction contributed $18.1 million to the New Construction s
Slide 6: G.R.O.W. Strategy
G.R.O.W. Strategy Executing a focused strategy to expand share, scale technology and security solutions, and create long-term value G R O W Greater Penetration of Ramp Adoption of Smart Outperform in Win Through Strategic, Self-Storage Security Solutions Commercial Markets Accretive Acquisitions Exp
Slide 7: 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 8: Financial Results Overview
Financial Results Overview Total Inorganic International Revenue Revenue Revenue $222.7M $18.1M $27.3M 5.8% increase 28.8% increase 1Q 2026 Adjusted Adjusted Operating Diluted EPS1 EBITDA1 Cash Flow $0.01 $33.0M $36.2M Adj. Net Income 1 14.1% decrease of $1.7M FCF1 of $33.4M 14.8% margin1 1. Adjuste
Slide 9: Revenue Breakdown by Sales Channel
Revenue Breakdown by Sales Channel $ in millions $93.9 $97.3 $96.4 $86.9 $88.9 $63.9 $60.0 $81.3 $57.0 $57.3 $73.5 $52.9 $66.6 $64.7 $66.3 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 New Construction R3 Commercial & Other •
Slide 10: First Quarter 2026 Revenue and Adj. EBITDA Drivers
First Quarter 2026 Revenue and Adj. EBITDA1 Drivers $ in millions Revenue Adjusted EBITDA $250.0 $50.0 $18.1 $222.7 $210.5 $1.7 $0.1 $200.0 $40.0 $38.4 $(7.7) $3.5 $33.0 $0.7 $150.0 $30.0 $(1.9) $(7.7) $100.0 $20.0 $50.0 $10.0 $— $— 1Q25 Price Volume/Other FX Acquisition 1Q26 1Q25 Price Volume/Mix S
Slide 11: Strong Balance Sheet & Liquidity Enable Financial Flexibility
Strong Balance Sheet & Liquidity Enable Financial Flexibility Balanced Capital Allocation Approach Solid Free Cash Flow1 Generation • Track record of identifying, executing, and integrating acquisitions to support ($ in millions) $240.0 strategic growth $196.0 1 Acquisitions • Highly accretive M&A s
Slide 12: 2026 Guidance and Key Planning Assumptions
2026 Guidance and Key Planning Assumptions1 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 EBITDA2 Interest Expense, net $29M -
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 March 29, April 4, 2026 Margin(1) 2025 Margin(1) $ % Net Income $ 0.2 0.1 % $ 10.8 5.1 % $ (10.6) (98.1)% Interest, net 8.1 10.2 (2.1) (20.6)% Income taxes 2.3 4.6 (2.3) (50.0)% Depreciation 3.6 2.9 0.7 24.
Slide 16: Adjusted EBITDA Reconciliation Continued
Adjusted EBITDA* Reconciliation Continued (In millions, except percentages) Year Ended January 3, 2026 December 28, 2024 December 30, 2023 December 31, 2022 January 1, 2022 Net Income $ 53.8 $ 70.4 $ 135.7 $ 107.7 $ 43.8 Interest expense, net 36.8 49.6 60.0 42.0 32.9 Income taxes 21.7 29.9 47.1 37.6
Slide 17: Adjusted Net Income Reconciliation
Adjusted Net Income Reconciliation* (In millions, except percentages) Three Months Ended April 4, 2026 March 29, 2025 Net Income $ 0.2 $ 10.8 Net Income Adjustments(1) 6.8 1.6 Amortization 12.0 8.3 Tax Effect on Net Income Adjustments(2) (17.3) (3.0) Non-GAAP Adjusted Net Income * $ 1.7 $ 17.7 1. Ne
Slide 18: Adjusted Net Income Reconciliation Continued
Adjusted Net Income Reconciliation* Continued (In millions, except percentages) Year Ended January 3, 2026 December 28, 2024 December 30, 2023 December 31, 2022 January 1, 2022 Net Income $ 53.8 $ 70.4 $ 135.7 $ 107.7 $ 43.8 Net Income Adjustments(1) 8.9 14.6 3.7 2.1 27.0 Amortization 33.2 32.0 29.8
Slide 19: Non-GAAP Adjusted EPS
Non-GAAP Adjusted EPS* (In millions, except share and per share data) Three Months Ended April 4, 2026 March 29, 2025 Numerator: GAAP Net Income $ 0.2 $ 10.8 Non-GAAP Adjusted Net Income* $ 1.7 $ 17.7 Denominator: Weighted average number of shares: Basic 138,364,384 140,050,632 Adjustment for Diluti
Slide 20: Free Cash Flow Conversion
Free Cash Flow Conversion* (In millions, except percentages) Three Months Ended Trailing Twelve-Months Ended Year Ended January 3, December 28, December 30, December 31, January 1, April 4, 2026 April 4, 2026 2026 2024 2023 2022 2022 Cash flow from Operating Activities $ 36.2 $ 127.4 $ 139.5 $ 154.0
Slide 21: Net Leverage Ratio
Net Leverage Ratio* (In millions, except ratios) April 4, 2026 January 3, 2026 December 28, 2024 December 30, 2023 December 31, 2022 January 1, 2022 Note payable - First Lien $ 551.0 $ 551.0 $ 598.5 $ 623.4 $ 714.3 $ 722.4 Less: Cash 112.0 194.4 149.3 171.7 78.4 13.2 Net Debt* $ 439.0 $ 356.6 $ 449.
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