Jeld-wen Holding, Inc. · NYSE:JELD
Jeld-wen — Debt Investor Presentation (September 2026)
25 slides from Jeld-wen's debt investor presentation, Sep 29, 2026
Slide 1: Discussion Materials
14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 Discussion Materials Confidential Exhibit 99.2
Slide 2: Table of Contents
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 Table of Contents Executive SummaryI Business OverviewII Situation Backdrop III Key Credit HighlightsIV AppendixV 1
Slide 3: I. Executive Summary
14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 I. Executive Summary
Slide 4: Executive Summary: market leading windows and doors manufacturer post transformation
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 JELD-WEN is a market leading windows and doors manufacturer that has undergone significant operational transformation and is positioned to benefit from a cyclical housing recovery and execution-driven m
Slide 5: II. Business Overview
14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 II. Business Overview
Slide 6: JELD-WEN Today: A Leading Manufacturer of High-Performance Windows and Doors
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 JELD-WEN Today: A Leading Manufacturer of High-Performance Windows and Doors Broad Portfolio of Market Leading Brands Company Highlights Ongoing operational transformation initiatives (footprint rationa
Slide 7: Leading Market Positions Across Core Segments
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 FY2025 Revenue (% of Total Revenue)1 Market Position Select Brands Key Products Doors Windows ~$2.2B (68%) Fiberglass Doors Steel Doors Wood Doors Patio Doors ~$610M (19%) Top 5-10 Vinyl Windows Clad-Wo
Slide 8: JELD-WEN's Transformation at a Glance
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 JELD-WEN’s Transformation at a Glance Post-COVID Peak (2021) Cyclical Trough (2025) JELD-WEN Today 2024 2025 2026 1. Includes court-ordered divestiture of Towanda Announces strategic review of Europe 13
Slide 9: III. Situation Backdrop
14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 III. Situation Backdrop
Slide 10: Macro-Driven Demand Pressure Expected to Moderate
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 Macro-Driven Demand Pressure Expected to Moderate Source: Harvard University Joint Center for Housing Studies, Wall Street Research Note: LIRA = Leading Indicator of Remodeling Activity and Represents I
Slide 11: Clear Path from Trough to EBITDA Growth and Margin Expansion
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 2025 (Trough) 2027 (Stabilization) 2028+ (Recovery) • Volume pressure from weak housing demand and share loss • Margin compression from operating deleverage and price/cost pressure • Cost actions underw
Slide 12: Recovery Expected to Mirror the Resurgence in U.S. Housing Activity
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 Source: Wall Street Research 1. Reflects 1-year lagged growth (e.g. 2019A revenue growth correlates to 2018A SF starts growth) 2. Reflects Adj. EBITDA from continuing operations Recovery Expected to Mir
Slide 13: IV. Key Credit Highlights
14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 IV. Key Credit Highlights
Slide 14: Key Credit Highlights
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 Leading Scaled Franchise with Broad Portfolio and Market Leading Positions in Essential Categories1 Clear Path to EBITDA Margin Recovery with Embedded Operating Leverage as Volumes Recover5 Strong Free
Slide 15: Leading Scaled Franchise with Broad Portfolio and Market Leading Positions
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 Leading Scaled Franchise with Broad Portfolio and Market Leading Positions in Essential Building Products Categories 1 Doors ~$6B TAM | Top 2-3 Market Position Exterior DoorsInterior Doors Specialty / H
Slide 16: Balanced End-Market Exposure With Embedded Housing Recovery Upside
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 Balanced End-Market Exposure With Embedded Housing Recovery Upside 2 46% 13% 41% ▪ Structural demand floor from aging U.S. housing stock (~40+ yrs avg.) and deferred maintenance backlog ▪ Short-cycle an
Slide 17: Highly Diversified Product Portfolio & Channel Mix
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 Doors 68% Windows 19% Other 13% Distribution 53% Retail 42% Direct 5% Residential New Const. 46% R&R 41% Non- residential 13% North America 67% Europe 33% Business Mix (2025A) Breadth across end-market,
Slide 18: Demonstrated Cost Actions and Operational Discipline Underpin Earnings Recovery
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 Demonstrated Cost Actions and Operational Discipline Underpin Earnings Recovery 4 Footprint Rationalization Driving Utilization, Cost Efficiency and Structural Savings Complete 50% To be Scaled Full Yea
Slide 19: Strategic Manufacturing Footprint with Significant Available Capacity
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 4 Demonstrated Cost Actions and Operational Discipline Underpin Earnings Recovery (Cont’d) Strategic Manufacturing Footprint with Significant Available Capacity Footprint Outlook ~$100M ◼ Significant Co
Slide 20: Multi-Year Operational Initiatives Driving EBITDA Growth and Cash Flow Generation
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 $349 ($515) $16 $225 $60 $135 FY2022A EBITDA Vol/Mix/Other Price/Cost Productivity SG&A FY2026E EBITDA ◼ Strategic sourcing savings (materials & components) ◼ SKU reduction lowering manufacturing comple
Slide 21: Strong Free Cash Flow Generation and Disciplined Capital Allocation Support Deleveraging
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 Note: 2026E metrics may be subject to rounding errors if calculated off guidance midpoint 1. Net Working Capital = Accounts Receivable + Inventory – Accounts Payable Stable & Efficient Working Capital M
Slide 22: Seasoned Leadership Team with Deep Industry and Operational Expertise
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 Seasoned Leadership Team with Deep Industry and Operational Expertise Experienced Management Team with Track Record of Operational Execution 7 Wendy Livingston EVP, Chief Human Resources Officer Matt Me
Slide 23: Financial Forecast
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 Financial Forecast ◼ Revenue is forecasted to be $3.1 to $3.2 billion in fiscal year 2026, approximately $3.3 to $3.5 billion in fiscal year 2027, and continued modest growth thereafter ◼ Adjusted EBITD
Slide 24: Disclaimer
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 Disclaimer NO OFFER OR SOLICITATION This presentation is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or
Slide 25: Disclaimer (Cont'd)
Confidential14 40 65 29 68 107 111 154 187 88 89 91 200 183 138 116 67 45 232 232 232 128 130 132 Disclaimer (Cont’d) FORWARD-LOOKING STATEMENTS Certain statements made herein may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as am
JELD-WEN Holding — Debt Investor Presentation (September 2026) on 6ix