Janus International Group, Inc. · NYSE:JBI
Janus International — Q2 2025 Earnings Presentation
19 slides from Janus International's earnings presentation, Aug 7, 2025
Slide 1: Second Quarter 2025 Earnings Presentation
SECOND QUARTER 2025 EARNINGS PRESENTATION Presented August 7, 2025 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 “2025 Guidance and Key Planning Assumptions” and under “Long-Term Fundamentals and Investment Highlights” herein, may be considered “forward-looking statements” within the meaning of
Slide 3: Agenda
Agenda Ramey Jackson Anselm Wong Chief Executive Officer Chief Financial Officer Business Overview & 2Q25 Financial Overview & Market Update Guidance Update JanusIntl.com 3
Slide 4: Second Quarter 2025 Results Highlights
Second Quarter 2025 Results Highlights • Delivered $228.1 million in Total Revenue Second Quarter 2025 Revenue Mix • Total Self-Storage down 14.8% year-over-year ◦ New Construction down 15.2%, Restore, Rebuild & Replace (“R3”) down 14.0% • Commercial & Other up 6.7%; organic growth of 1.7% Self-Stor
Slide 5: Second Quarter 2025 Results Overview
Second Quarter 2025 Results Overview Adj. EBITDA1 Revenue $228.1M $49.0M 24.0% decrease 8.2% decrease 21.5% margin Adj. Diluted EPS1 Operating Cash Flow $0.20 Adj. Net Income1 $51.4M of $28.2M FCF1 of $44.6M Strong Cash Flow Generation Amid A Challenging Macroeconomic Environment 1. Adjusted EBITDA,
Slide 6: Year-to-Date 2025 Results Overview
Year-to-Date 2025 Results Overview Revenue Adj. EBITDA1 $438.6M $87.4M 12.8% decrease 33.2% decrease 19.9% margin Adj. Diluted EPS1 Operating Cash Flow $0.33 Adj. Net Income1 $99.7M of $46.1M FCF1 of $86.5M Laying the Groundwork for Simplified Operations and Sustainable Profit Generation 1. Adjusted
Slide 7: Revenue Breakdown by Sales Channel
Revenue Breakdown by Sales Channel $ in millions New Construction R3 Commercial • 2Q 2025 revenue of $93.9M down 15.2% • 2Q 2025 revenue of $52.9M down 14.0% • 2Q 2025 revenue of $81.3M up 6.7% year-over year year-over year year-over year • Volume declines associated with • Declines in retail big-bo
Slide 8: Second Quarter 2025 Revenue and Adj. EBITDA Drivers
1 Second Quarter 2025 Revenue and Adj. EBITDA Drivers $ in millions Revenue Adjusted EBITDA $300.0 $80.0 $248.4 $250.0 $64.5 $3.8 $228.1 $(6.2) $60.0 $(17.9) $200.0 $(6.2) $0.7 $49.0 $(10.0) $150.0 $40.0 $100.0 $20.0 $50.0 $— 2Q24 Price Volume Acquisition 2Q25 $— 2Q24 Price Volume/Mix Other 2Q25 1.
Slide 9: Year-to-Date 2025 Revenue and Adj. EBITDA Drivers
1 Year-to-Date 2025 Revenue and Adj. EBITDA Drivers $ in millions Revenue Adjusted EBITDA $600.0 $150.0 $502.9 $130.8 $500.0 $125.0 $(11.1) $7.3 $438.6 $(11.1) $400.0 $(60.5) $100.0 $87.4 $(31.3) $(1.0) $300.0 $75.0 $200.0 $50.0 $100.0 $25.0 $— $— 2Q24 Price Volume Acquisition 2Q25 2Q24 Price Volume
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 • Announced expanded r
Slide 11: 2025 Guidance and Key Planning Assumptions
2025 Guidance and Key Planning Assumptions Assumption Estimate Revenue Depreciation and $40M - $50M Amortization $860M - $890M Capital Expenditures2 2.0% - 2.5% of Revenue Interest Expense, net $36M - $40M Adjusted EBITDA1 Effective Tax Rate3 25% - 27% $175M - $195M 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
1 Executing Against the Plan for Significant Value 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 Six Months Ended Variance June 28, June 29, June 28, June 29, 2025 2024 $ % 2025 2024 $ % Net income $ 20.7 $ 27.6 $ (6.9) (25.0) % Net income $ 31.5 $ 58.3 $ (26.8) (46.0) % Interest, net 9.1 13.0 (3.9) (3
Slide 16: Adjusted Net Income Reconciliation
Adjusted Net Income Reconciliation* (In millions, except percentages) Three Months Ended Six Months Ended June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 Net income $ 20.7 $ 27.6 $ 31.5 $ 58.3 Net Income Adjustments(1) 1.6 3.4 3.2 3.8 Amortization 8.2 8.0 16.5 15.5 Tax Effect on Net Income A
Slide 17: Non-GAAP Adjusted EPS
Non-GAAP Adjusted EPS* (In millions, except share and per share data) Three Months Ended Six Months Ended June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 Numerator: GAAP Net Income 20.7 27.6 31.5 58.3 Non-GAAP Adjusted Net Income* 28.2 36.1 46.1 72.7 Denominator: Weighted average number of s
Slide 18: Free Cash Flow Conversion
Free Cash Flow Conversion* (In millions, except percentages) Six Months Ended June 28, 2025 June 29, 2024 Cash Flow from Operating Activities $ 99.7 $ 59.6 Less: Purchases of property, plant and equipment (13.2) (10.3) Free Cash Flow* $ 86.5 $ 49.3 Non-GAAP Adjusted Net Income* $ 46.1 $ 72.7 Free Ca
Slide 19: Net Leverage Ratio
Net Leverage Ratio* (In millions, except ratios) June 28, 2025 December 28, 2024 Note payable - First Lien $ 555.5 $ 598.5 Less: Cash 173.6 149.3 Net Debt* $ 381.9 $ 449.2 Net Income (Trailing Twelve Month periods ended)*(1) $ 43.6 $ 70.4 Adjusted EBITDA (Trailing Twelve Month periods ended)*(2) $ 1
Janus International Group — Q2 2025 Earnings Presentation on 6ix