Slide 1: Q3 FY24 Investor Presentation
Q3 FY24 Investor Presentation August 2024 Copyright © 2024 Griffon Corporation. All rights reserved.
Slide 2: Griffon Overview
Griffon Corporation Q3 FY24 Investor Presentation Griffon Overview Attractive portfolio of iconic, well-respected, and industry leading brands $2.6B $497M 19% HOME AND BUILDING PRODUCTS (HBP) is one of North America’s largest manufacturers Adj. EBITDA and marketers of garage doors and rolling steel
Slide 3: Leading Brands in Core Categories
Griffon Corporation Q3 FY24 Investor Presentation Leading Brands in Core Categories HOME AND BUILDING PRODUCTS CONSUMER AND PROFESSIONAL PRODUCTS Commercial Storage and Outdoor Residential Residential Lawn and Doors Organization Decor Commercial and Garage Doors Garden Industrial Fans Copyright © 20
Slide 4: Portfolio Reshaping Creates New Phase of Growth
Griffon Corporation Q3 FY24 Investor Presentation Portfolio Reshaping Creates New Phase of Growth Griffon has taken a number of strategic steps over the last several years to strengthen the business, and position it for future growth and increased profitability 2018 2020 2022 2024 & Beyond Griffon i
Slide 5: Strong Performance and Value Creation
Griffon Corporation Q3 FY24 Investor Presentation Strong Performance and Value Creation Revenue ($mm) Adjusted EBITDA ($mm) 6.4% CAGR 26% CAGR 2,848 2,685 2,605 505 497 2,271 458 2,067 246 208 FY20 FY21 FY22 FY23 TTM 3Q24 FY20 FY21 FY22 FY23 TTM 3Q24 Adjusted EPS from continuing operations Net debt
Slide 6: Home and Building Products Segment
Griffon Corporation Q3 FY24 Investor Presentation Home and Building Products Segment 44% Commercial A leading provider of residential and commercial sectional and 48% rolling steel doors and grille products in North America Residential Repair & Revenue by Remodel Market $1.6B $493M 31% Revenue EBITD
Slide 7: HBP – Resilient and Sustainable Model Bolstered by Strong Market Trends
Griffon Corporation Q3 FY24 Investor Presentation HBP – Resilient and Sustainable Model Bolstered by Strong Market Trends Headquartered in Mason, OH Robust portfolio of Premium, recognized and Extensive design, Customer network of Investments in product residential and specified brands that are mark
Slide 8: Consumer and Professional Products Segment
Griffon Corporation Q3 FY24 Investor Presentation Consumer and 34% Professional Products Segment Residential Repair 22% Retail & Remodel Consumer and professional tools, ceiling fans, products for Revenue by home storage and organization, landscaping and enhancing Market outdoor lifestyles 6% Reside
Slide 9: CPP – Global Exposure to Leading Household Brands
Griffon Corporation Q3 FY24 Investor Presentation CPP – Global Exposure to Leading Household Brands Headquartered in Orlando, FL LAWN AND GARDEN, OUTDOOR DECOR Broad, iconic portfolio Widely recognized and of market-leading respected by branded products, consumers and many with 100+ year professiona
Slide 10: Global Macro Trends Drive Increased Demand for Our Products
Griffon Corporation Q3 FY24 Investor Presentation Global Macro Trends Drive Increased Demand for Our Products Repair and remodel Commercial U.S. housing is under- Maturing Millennial and Outdoor living remains activity remains elevated construction demand built and current stock Gen Z populations po
Slide 11: Capital Allocation Strategy Enhances Shareholder Value
Griffon Corporation Q3 FY24 Investor Presentation Capital Allocation Strategy Enhances Shareholder Value 1 2 3 RETURN CAPITAL REDUCE LEVERAGE INVEST AND GROW TO SHAREHOLDERS Share buybacks – $101M remains of Debt paydown – $1.4B net debt2 Invest in innovation and $458M authorization1 productivity Cu
Slide 12: Attractive Long-Term Segment EBITDA Margins
Griffon Corporation Q3 FY24 Investor Presentation Attractive Long-Term Segment EBITDA Margins FY2023A Long-Term Goal Drivers ▪ Resiliency of repair and remodeling activity Home and Building ▪ Continued strength in commercial construction Products 32.2% 25% - 28% ▪ Capture of additional commercial ma
Slide 13: Griffon Corporation Q3 FY24 Investor Presentation
Griffon Corporation Q3 FY24 Investor Presentation Copyright © 2024 Griffon Corporation. All rights reserved. 13
Slide 14: Appendix
Appendix Copyright © 2024 Griffon Corporation. All rights reserved.
Slide 15: Sales and EBITDA by Segment
Griffon Corporation Q3 FY24 Investor Presentation Sales and EBITDA by Segment Revenue ($mm) EBITDA before unallocated expenses ($mm) $2,848 $2,685 $561 $555 $2,605 $512 $50 $62 $2,271 $2,067 $99 $1,342 $1,097 $1,029 $1,230 $297 $1,139 $258 $116 $511 $493 $104 $413 $1,507 $1,588 $1,576 $927 $1,041 $1
Slide 16: GAAP to Non-GAAP Reconciliation
Griffon Corporation Q3 FY24 Investor Presentation GAAP to Non-GAAP Reconciliation GRIFFON CORPORATION AND SUBSIDIARIES NET DEBT AND LEVERAGE BANK COMPLIANCE (Unaudited) Multiple of Multiple of Multiple of Multiple of Multiple of ($US in millions) 9/30/2020 EBITDA 9/30/2021 EBITDA 9/30/2022 EBITDA 9/
Slide 17: GAAP to Non-GAAP Reconciliation
Griffon Corporation Q3 FY24 Investor Presentation GAAP to Non-GAAP Reconciliation GRIFFON CORPORATION AND SUBSIDIARIES RECONCILIATION OF GAAP to NON-GAAP MEASURES - CONTINUING OPERATIONS ADJUSTED EBITDA - BY REPORTABLE SEGMENT (Unaudited) Trailing Twelve Months Ended June (US dollars in thousands, e
Slide 18: GAAP to Non-GAAP Reconciliation
Griffon Corporation Q3 FY24 Investor Presentation GAAP to Non-GAAP Reconciliation GRIFFON CORPORATION AND SUBSIDIARIES RECONCILIATION OF GAAP to NON-GAAP MEASURES - CONTINUING OPERATIONS INCOME (LOSS) TO ADJUSTED INCOME (LOSS) and DILUTED EARNINGS (LOSS) PER SHARE TO ADJUSTED EARNINGS PER SHARE (Una
Slide 19: Disclaimer
Griffon Corporation Q3 FY24 Investor Presentation Disclaimer “Safe Harbor” Statements under the Private Securities Litigation Reform Act of 1995: All statements related to, among other things, income (loss), earnings, cash flows, revenue, changes in operations, operating improvements, the impact of