Boise Cascade, L.l.c. · NYSE:BCC

Boise Cascade, L.l.c — Investor Presentation (August 2026)

39 slides from Boise Cascade, L.l.c's investor presentation, August 2026

  1. Slide 1: Investor Presentation August 2026

    Au g u s t 2 0 2 6 Investor INTEGRITY SAFETY Presentation RESPECT EXCELLENCE

  2. Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures

    FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES This presentation contains statements concerning future events and expectations, including, without limitation, statements relating to our outlook, expected key drivers for Boise Cascade and each of its business segments, and the transition

  3. Slide 3: Leading Building Materials Distributor and Manufacturer

    Intro & Overview Leading Building Materials Distributor and Manufacturer $6.5 Billion 3% CAGR LTM Revenue Revenue from 2020 to LTM National distribution excellence for Boise Cascade products and other leading brands $324M in LTM adj. EBITDA Leading manufacturer of Engineered Wood $1.77 Billion inves

  4. Slide 4: Two Complementary Divisions Deliver Unparalleled Service to Customers

    Intro & Overview Two Complementary Divisions Deliver Unparalleled Service to Customers Wood Products: Building Materials Distribution: Leading Manufacturer Leading Nationwide Distributor Strategic alignment allows our businesses to grow together EWP supply chain visibility and optimization Joint off

  5. Slide 5: Unmatched Competitive Advantages in the Building Materials Industry

    Intro & Overview Unmatched Competitive Advantages in the Building Materials Industry Industry-Leading Partner with the Deep Customer Nationwide Scale Best Brands Relationships Distribution Scale enables cost Strong relationships and Broad customer base Capabilities advantages, integration distributi

  6. Slide 6: Extensive National Footprint with Opportunities for Further Market Penetration

    Intro & Overview Extensive National Footprint with Opportunities for Further Market Penetration Strong presence Nationwide Manufacturing strategically located near wood baskets 40 distribution facilities 5 EWP facilities 11 plywood/veneer plants 2 sawmills Distribution Manufacturing Boise Cascade is

  7. Slide 7: Boise Cascade is the One-Stop Shop for Building Materials

    Intro & Overview Full range of materials from Depth and floor to ceiling Breadth of Products Break bulk services across a vast array of SKUs Boise Cascade Unmatched speed, efficiency is the One-Stop Next-Day and fulfillment Orders 98% Order fill rate Shop for Building Nationwide presence to bring pr

  8. Slide 8: Focused Strategy has Created a Strong, Highly Aligned Business

    Intro & Overview Focused Strategy has BMD acquisitions: • Boise and Orlando door shops Created a Strong, Highly • Chicopee, MA distribution center Capital Projects: • Greenfield distribution center in Aligned Business Coastal Plywood acquisition to achieve • Hondo, TX Oakdale plant modernization LTM

  9. Slide 9: Strategic Pillars Driving Growth and Stability

    Strategy Strategic Pillars Driving Growth and Stability Leveraging the Increasing earnings Increasing earnings Leveraging technology integrated model stability by growing EWP stability through • EWP design tools • Aligned growth objectives • Value-added EWP in high BMD expansion and services and cos

  10. Slide 10: Demographics Indicate a Long Runway for Housing Growth

    Growth Drivers Demographics Indicate a Long Runway for Housing Growth Cumulative Strong household Cohort entering Remote/hybrid work Record home equity undersupply formation supports typical home-buying driving new and an aging US estimated to be demand for 1.45MM age is large and development housin

  11. Slide 11: Affordability constraining U.S. Housing Market

    Growth Drivers Affordability constraining U.S. Housing Market Home Inventory1 U.S Single-Family Housing Starts2 3,000 (Not Seasonally Adjusted) 9 3,000 (000’s) 8 2,500 2,500 7 2,000 6 2,000 5 1,500 1,500 4 1,000 1,000 3 2 500 500 1 0 0 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 20

  12. Slide 12: R&R Supported by Locked In Rates and Age of Homes

    Growth Drivers R&R Supported by Locked In Rates and Age of Homes LIRA Homeowners Improvements and Repairs1 Annual Totals ($ Billions) Despite the end of pandemic $600 R&R boom, fundamentals remain favorable: $500 Home equity levels at record high $400 $300 Average U.S. home age is greater than 40 ye

  13. Slide 13: Demonstrated Market Share Growth for Both Manufacturing and Distribution

    Growth Drivers Demonstrated Market Share Growth for Both Manufacturing and Distribution EWP Production Share1 Building Materials Distribution Sales per Housing Start ($) 38% 3.4% CAGR 21% 35% 4,419 2,806 18% LVL I-joists 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM Integ

  14. Slide 14: Customer Segments and Supply Chain at a Glance

    Supply Chain Leading Brands Customer Segments and Customers Supply Chain at a Glance Home Independent Pro National Pro Dealers 47% Chains 25% Centers Other 15% 13% End Users Builders Remodelers Do-it-yourself Industrial 14 Approximately 70% of Wood Product’s sales are to BMD, with remaining sales to

  15. Slide 15: Strong Alignment with Leading Brands

    Supply Chain Strong Alignment with Leading Brands Boise Cascade is the preferred Relationships with supplier brands are a Long-term relationships served distributor for key brands key competitive advantage through key brand relationship managers 15

  16. Slide 16: Boise Cascade and James Hardie: Agreement and Strategic Fit

    Boise Cascade and James Hardie: Agreement and Strategic Fit • Sole nationwide distributor of James Hardie's market leading products including Hardie® siding and trim, AZEK® Exteriors, and TimberTech® decking and railing • Extensive conversion opportunities powered by each of our industry-leading sal

  17. Slide 17: Building Materials Distribution at a Glance

    Building Materials Distribution Building Materials General Line EWP Distribution at • Siding • LVL • Composite Decking • I-joists • Doors 19% • Laminated a Glance • Metal Products Beams • Roofing • Insulation 46% LTM Sales by Product Commodity $6.0 B Enhancing margin 35% • Plywood LTM Revenue • OSB

  18. Slide 18: BMD Brings Superior Value to Supply Chain

    Building Materials Distribution BMD Brings Superior Value to Supply Chain Broad range Extensive financial of quality products assistance offered Full range of building materials Credit terms extension from floor to roof Price and demand risk mitigation Unparalleled nationwide distribution capabiliti

  19. Slide 19: Demonstrated Growth

    Building Materials Distribution Demonstrated Growth General Line Sales per U.S. Housing Start Expanding General Line and EWP $2,400 9.6% CAGR Expansion of general line and EWP: $2,000 Sales ($) $1,600 Acquisitions of BROSCO, Boise, and Orlando operations $1,200 increased share in doors and millwork

  20. Slide 20: Wood Products Division at a Glance

    Wood Products Wood Products Other Lumber Division at a Glance 6% 3% Plywood Engineered Leading the industry in capacity Wood Products LTM Sales expansion and input self-sufficiency 33% by Product • LVL • I-joists 58% • Laminated Beams $1.61 B Market share LTM Revenue growth 6.9% Services and LTM EBI

  21. Slide 21: Manufacturing Process: Veneer-based Production

    Wood Products Manufacturing Process: Veneer-based Production Internal Veneer Production Green-End Log Prep Green Veneer Peeling Logs Drying and Grading and Debarking and Clipping External Veneer Purchases1 High-Grade Veneer Low-Grade Veneer Veneer is a key input for both EWP and plywood Versa-Lam LV

  22. Slide 22: Services and Software Differentiate our Customer Experience

    Wood Products Services and Software Differentiate our Customer Experience • Create a 3D Model of roof, floor, • Size and analyze Boise Cascade Design and wall systems. products or check framing member Professionals • Detect framing conflicts and Architects / capacity. difficult-to-construct conditio

  23. Slide 23: Builders Increasingly Demand Engineered Wood

    Wood Products Builders Increasingly Demand Engineered Wood Reduced labor Cycle time and installed advantages cost for builder Superior Sustainability strength, less attributes material usage, increasingly less waste, in demand longer spans 23

  24. Slide 24: Additional Opportunities to Drive Growth

    Growth Additional Opportunities to Drive Growth BMD Full-line Growth Greenfields, facility expansions, increasing organic product mix BMD Millwork Expansion Further M&A and organic growth opportunities. Multi-Family, Light Commercial & Home Center Channel Further EWP penetration opportunity 24

  25. Slide 25: Multi-Family Growth Opportunity

    Growth Multi-Family Growth Opportunity Multi-Family Supply and Demand1 Multi-Family Wood Floor Penetration2 Open - 600 Web Truss 500 7% BCC I-joists 400 300 41% 200 Non-BCC 100 39% I-joists 32% I-joists 0 20% Multi-Family Units Built (Seasonally Adjusted) Dimensional JBREC Annual Rental Demand Forec

  26. Slide 26: BMD Growth Opportunities

    Growth BMD Growth Opportunities BMD Distribution Center Growth • Greenfield distribution centers underway in Hondo, TX and Walterboro, SC • Hondo, TX distribution center completed Q32025 • Physical presence will allow us to further penetrate these large markets BMD Millwork Expansion • 15 door and m

  27. Slide 27: Balanced and Disciplined Capital Allocation

    Financials Balanced and Disciplined Capital Allocation CAPEX Return of Capital to Shareholders Maintain strong and flexible balance sheet $1,566 MM $1,821 Invest in asset base through the business cycle Capital MM Deployment (2013 – Q22026) Organic growth and capacity expansion $1,082 Targeted and d

  28. Slide 28: Continuing Execution and Margin Improvement

    Financials Continuing Execution and Margin Improvement Operational excellence and cost discipline driving strong financial performance despite moderation of pandemic tailwinds Sales Adjusted EBITDA Free Cash Flow* ($MM) ($MM & % Margin) ($MM) 8,387 1400 1,258 Free Cash Flow 7,926 6,838 6,724 1200 1,

  29. Slide 29: Commitment to Sustainability

    Sustainability Commitment to Sustainability • Utilizes a renewable resource, wood from forests, that is turned into products that store carbon for years to come Environmental • Substituting wood for concrete and steel in structural systems of commercial buildings can reduce fossil fuel use and cut G

  30. Slide 30: Investment Thesis

    Investment Thesis Leading national provider of essential building materials 01 benefiting from resilient housing and R&R environment Multiple levers of growth through organic investment 02 and M&A Strong moat supported by leading national footprint, 03 logistics expertise, supplier alignment and tru

  31. Slide 31: Appendix

    €S) Boise Cascade” Appendix

  32. Slide 32: Total Company EBITDA Reconciliation and Supplemental Segment Information

    Total Company EBITDA Reconciliation and Supplemental Segment Information Total Company EBITDA Reconciliation and Supplemental Segment Information ($ in millions) 2021 2022 2023 2024 2025 LTM Net Income $712.5 $857.7 $483.7 $376.4 $132.8 $105.7 Interest Expense 24.8 25.4 25.5 24.1 21.8 $24.5 Interest

  33. Slide 33: Segment Financial Performance and Free Cash Flow Reconciliation

    Segment Financial Performance and Free Cash Flow Reconciliation Segment Financial Performance and Free Cash Flow Reconciliation Building Materials Distribution ($ in millions) 2021 2022 2023 2024 2025 LTM Segment Income (Loss) $481.1 $627.1 $335.8 $303.4 $222.2 $198.8 Depreciation and Amortization 2

  34. Slide 34: Segment Financial Performance

    Segment Financial Performance BMD Segment EBITDA Wood Products Segment EBITDA (EBITDA % of Sales) (EBITDA % of Sales) 35.00% 8.6% 30.00% 29.8% 30.7% 7.0% 25.00% 6.0% 5.7% 20.00% 22.6% 4.7% 4.3% 15.00% 17.7% 10.00% 5.00% 6.5% 6.9% 0.00% 2021 2022 2023 2024 2025 LTM 2021 2022 2023 2024 2025 LTM EBITDA

  35. Slide 35: Outlook: Q3 2026 (As of August 4th, 2026)

    Outlook: Q3 2026 (As of August 4th, 2026) Segment Adjusted EBITDA Key Drivers Daily Sales Pace • Quarter-to-date pace consistent with Q2 average, expected to moderate based on end market signals and supplier transition activities Building Materials 64 Sales Days $53 - $68 million Distribution Gross

  36. Slide 36: BCI Joists

    —— ae by \, _———, RY / aa = 5 BCI Joists eo —

  37. Slide 37: Versa-Lam LVL

    Versa-Lam LVL 37 36

  38. Slide 38: Versa-Lam LVL

    Versa-Lam LVL 37

  39. Slide 39: Plywood

    Plywood 38

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