Slide 1: Welcome to the New Builders FirstSource
Welcome to the New Builders FirstSource Q1 2021 Earnings Presentation May 6, 2021 Dave Flitman, CEO | Peter Jackson, CFO BLDR.com
Slide 2: Safe Harbor & Non-GAAP Financial Measures
Safe Harbor & Non-GAAP Financial Measures • Cautionary Notice • Statements in this presentation and the schedules hereto that are not purely historical facts or that necessarily depend upon future events, including statements about expected market share gains, forecasted financial performance or oth
Slide 3: Record Q1 2021 Business Update
Record Q1 2021 Business Update Net sales Record Sales Performance $4.2b • Focused execution, accelerating demand and increasing prices drove record results +54.1% YoY (+22.0% Core Organic1) • Improving housing starts, low mortgage rates and a shift towards single family living remain tailwinds for o
Slide 4: Four Strategic Pillars
Four Strategic Pillars STRATEGIC PRIORITIES Organic Growth of Drive Continue to Build Pursue Value-Add Products Operational our High-Performing Strategic and Services Excellence Culture Acquisitions Drive world-class safety Increase market penetration Deliver a successful integration results Leverag
Slide 5: Actively Pursuing M&A Opportunities
Actively Pursuing M&A Opportunities 500+ US Building Products Businesses Totaling ~$80 Billion in Sales Mapped • Penetrate deeper in existing markets Geographical • Broaden product portfolio in target Scale markets 14 5 • Provide solutions to build more efficiently and address labor constraints Tech
Slide 6: Successful Integration Well Underway
Successful Integration Well Underway Major Milestones Estimated Run-Rate Cost Savings of $130m - $150m(1) ($ in millions) Focus On Customers And Employees $130m - $150m • Executed goal of smooth close and first quarter as one company • Leadership and turnover remains well managed and stable $100m -
Slide 7: Q1 2021 - Broad Strength Across Product Portfolio
Q1 2021 - Broad Strength Across Product Portfolio Net sales by product category (Q1 2021 compared to combined pro forma Q1 2020) ($ in millions / % change) Specialized Products: Lumber & Lumber Value-Added Products: Sheet Goods: Manufactured Window, Doors & Siding, Metal & Gypsum, Roofing & Products
Slide 8: Q1 2021 Core Organic Sales Growth Across All End Markets
Q1 2021 Core Organic Sales Growth Across All End Markets Net sales bridge (Q1 2021 compared to combined pro forma Q1 2020) ($ in millions) Day Q1 2020 Single Family Multi Family R&R / Other Acquisitions Adjustment Commodity Q1 2021 847 577 (8) 28 64 (42) 4,174 2,708 +22% Core Organic1 Sales Net sale
Slide 9: Strong Balance Sheet and Liquidity Provide Financial Flexibility
Strong Balance Sheet and Liquidity Provide Financial Flexibility Pro Forma Net Leverage1 Improvement Capital Allocation Priorities Debt upgraded by 1. Maintain a strong balance sheet Moody’s to Ba2 from B1 in February 2021 2. Leverage free cash flow to accelerate strategic and operational investment
Slide 10: Raised 2021 Outlook
Raised 2021 Outlook 2021 Full Year Financial Expectations Metrics Revised Guidance Prior Guidance 2020 Pro Forma Sales1 (YoY Growth) $16.0 to $17.0 billion (+25% to +33%) $13.9 to $14.6 billion (+9% to +14%) $12.8 billion Adjusted EBITDA2 (YoY Growth) $1.75 to $1.85 billion (+64% to +73%) $1.29 to $
Slide 11: Differentiated Market Leader Positioned for Above Market Growth
Differentiated Market Leader Positioned for Above Market Growth and Expanding Profitability Leadership in a highly fragmented industry Exceptional geographic, customer and end market diversity Strategic investment in value-added capacity, driving share gains and margin expansion Focus on maintaining
Slide 12: Question & Answer Session
Question A n swe r Session 12 | © 2021 Builders FirstSource. All Rights Reserved
Slide 13: Michael Neese, SVP, Investor Relations
Michael Neese SVP, Investor Relations Michael.Neese@bldr.com 214-765-3804 13 | © 2021 Builders FirstSource. All Rights Reserved. www.bldr.com
Slide 14: Reconciliations
Reconciliations 14 | © 2021 Builders FirstSource. All Rights Reserved.
Slide 15: Reconciliations
Reconciliations 15 | © 2021 Builders FirstSource. All Rights Reserved.
Slide 16: Reconciliations
Reconciliations 16 | 16 © 2021 Builders FirstSource. All Rights Reserved.
Slide 17: Reconciliations
Reconciliations 17 | © 2021 Builders FirstSource. All Rights Reserved.
Slide 18: Reconciliations
Reconciliations 18 | © 2021 Builders FirstSource. All Rights Reserved.