Slide 1: Empowering The Outdoor Enthusiast Experience Together
+ Empowering The Outdoor Enthusiast Experience Together June 30, 2026 NASDAQ:PATK NYSE:LCII Empowering Enthusiasts Worldwide + 1
Slide 2: Important Information About the Proposed Transaction and Where to Find it
Important Information About the Proposed Transaction and Where to Find it In connection with the proposed transaction between LCI Industries (“LCI”) and Patrick Industries (“Patrick”), LCI and Patrick intend to file relevant materials with the Securities and Exchange Commission (the “SEC”), includin
Slide 3: Forward-Looking Statements
Forward-Looking Statements Information in this presentation, other than statements of historical facts, may constitute forward-looking statements, for the purpose of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1
Slide 4: Today's Presenters
Today’s Presenters Andy Nemeth Johnny Sirpilla Chief Executive Officer Interim Chief Executive Officer Empowering Enthusiasts Worldwide + 4
Slide 5: Premier Engineering and Component Solutions Platform Serving the Global Outdoor Recreation Ecosystem
Premier Engineering and Component Solutions Platform Serving the Global Outdoor Recreation Ecosystem and Adjacent Markets Transformational Combination Empowering Enthusiasts Worldwide + 5
Slide 6: Amplifying Strengths to Go Further, Faster…and Better
Amplifying Strengths to Go Further, Faster…and Better $3.9B $446M $194M 10,000+ 250+ 85+ $4.2B $422M $202M 12,300+ 100+ 25+ Revenue Adj. EBITDA FCF1 Employees Facilities Brands Revenue Adj. EBITDA FCF1 Employees Facilities Brands Integrated design-to-delivery architect A leading supplier of engineer
Slide 7: Dynamic Combination Uniting and Empowering The Outdoor Enthusiast Experience
Dynamic Combination Uniting and Empowering The Outdoor Enthusiast Experience Diversified, best of breed outdoor recreation component solutions provider Complementary, customer-focused solutions across strategically-adjacent end markets Deep customer partnerships enable enhanced value and co-innovati
Slide 8: Transaction Overview
Transaction Overview + Empowering Enthusiasts Worldwide + 8
Slide 9: Transaction Overview
Transaction Overview Transaction ⚫ Patrick Industries (“Patrick”) and LCI Industries (“LCI” or “Lippert”) to combine in all-stock merger Structure ⚫ Combined equity value of ~$5.6B and enterprise value of ~$7.7B at announcement 1 Shareholder ⚫ Pro forma ownership of 52% Patrick shareholders and 48%
Slide 10: Post-Merger Governance Structure
Post-Merger Governance Structure CEO Chair of the Board Vice Chair of the Board Andy Nemeth Todd Cleveland Johnny Sirpilla Current Chair & CEO Former Chair and Current Member Interim CEO and Member of of Patrick Industries of the Board of Patrick Industries the Board of LCI Industries Board 6/6 Comp
Slide 11: Delivering Value for All Stakeholders
Delivering Value for All Stakeholders Enhances Ability to Compelling Proposition Serve Customers For Employees Compelling Shareholder Delivers cost-effective solutions to customers, uniting Value Creation Unifies a high-performing talent engine, anchored in a complementary capabilities, purposeful R
Slide 12: Strategic Combination to Drive Future Performance
Strategic Combination to Drive Future Performance STRATEGIC GOALS REVENUE MIX Outdoor Enthusiast + Housing, Transportation & Other STRATEGIC VISION Outdoor & Housing Enthusiasts 2025 PRO FORMA 27% SOLUTIONS ORIENTED 1 Component solutions provider to the Outdoor Enthusiast, housing, transportation, a
Slide 13: Business Overview
Business Overview + Empowering Enthusiasts Worldwide + 13
Slide 14: Accelerates Growth Across Strategically Diversified Outdoor Verticals and Channels
Accelerates Growth Across Strategically Diversified Outdoor Verticals and Channels RECREATIONAL VEHICLE TRUCK & ADVENTURE OFF-ROAD ~50% Revenue ~6% Revenue THUSIAST OR EN MA DO RK UT ET O POWERSPORTS S M RO ~5% Revenue ~$6B F $8.1B+ Combined Revenue HOUSING ~17% Revenue MARINE TRANSPORTATION1 ~12% R
Slide 15: Complementary Solutions Built to Serve Customers, Powered by a Shared Commitment to Innovation and Excellence
Complementary Solutions Built to Serve Customers, Powered by a Shared Commitment to Innovation and Excellence COMPLEMENTARY PRODUCTS. ENDLESS SOLUTIONS. Complementary Talent and Deep Pipeline of Empower Customers to Unified Innovation Platform Industry Insights Customer-Centric Solutions Bring Ideas
Slide 16: Expansive Breadth Across Diverse End Markets to Deliver Adjacent Solutions
Expansive Breadth Across Diverse End Markets to Deliver Adjacent Solutions ADJACENT MARKETS. COMPLETE SOLUTIONS. Diversified Expanded Strengthened Enhanced Cross-Sell End-Market Exposure Addressable Market Through-Cycle Resilience Opportunities TRUCK & ADVENTURE High-quality components to meet truck
Slide 17: Attractive Aftermarket with Significant Growth Opportunity
Attractive Aftermarket with Significant Growth Opportunity ~30% ~$1.3B Combined Aftermarket Revenue $386M $948M Aftermarket Revenue Aftermarket Revenue ~70% Strategic diversification with enhanced aftermarket presence STRUCTURAL ADVANTAGES OF LEADING AFTERMARKET BRANDS TRUSTED THE AFTERMARKET CHANNE
Slide 18: Catalyzes Ability to Execute on Growth Initiatives
Catalyzes Ability to Execute on Growth Initiatives 1 2 3 4 5 PRODUCT AND CATEGORY AFTERMARKET MARKET STRATEGIC SOLUTION EXTENSION EXPANSION UPCYCLE FLEXIBILITY INNOVATION Strengthened Deepening of solutions Enhanced aftermarket Accelerated ability to Added cash flows and a resources to spur new with
Slide 19: Financial Overview
Financial Overview + Empowering Enthusiasts Worldwide + 19
Slide 20: Value Enhancing Combined Financial Profile and Balance Sheet
Value Enhancing Combined Financial Profile and Balance Sheet EST. COST PRO FORMA SYNERGIES REVENUE $3,945M $4,167M $8,111M ADJ. EBITDA1 $446M $422M $150M $1,018M ADJ. EBITDA MARGIN % 11.3% 10.1% 12.6% FREE CASH FLOW2 $194M $202M $113M3 $508M NET LEVERAGE RATIO 2.8x4 1.9x 2.1x5 Presented figures are
Slide 21: Synergies Drive Compelling Shareholder Value Creation
Synergies Drive Compelling Shareholder Value Creation Cost Synergy Value Breakdown Key Areas of Opportunity ~50% Procurement Facilities G&A G&A ✓ Combined purchasing ✓ Supply chain & ✓ Public company cost efficiencies on key logistics optimization savings inputs $150M ✓ Streamlined ✓ Corporate funct
Slide 22: Combined Company is Well-Positioned Within Recovering Market Dynamics
Combined Company is Well-Positioned Within Recovering Market Dynamics Compelling Platform Created at an Attractive Market Inflection Point Attractive Market Dynamics Organizational Strength Aftermarket Advantage End markets at or near cyclical Combined platform enhances delivery Combined aftermarket
Slide 23: Q&A
Q&A + Empowering Enthusiasts Worldwide + 23
Slide 24: Continued Commitment to Building Stronger Communities
Continued Commitment to Building Stronger Communities Empowering Enthusiasts Worldwide + 24
Slide 25: Patrick Investor Contact LCI Investor Contact
Patrick Investor Contact LCI Investor Contact Steve O’Hara Lillian Etzkorn irrequests@patrickind.com investors@LCI1.com Empowering Enthusiasts Worldwide + 25
Slide 26: Appendix: Patrick Industries Non-GAAP Financial Measures
Appendix: Patrick Industries Non-GAAP Financial Measures In addition to reporting financial results in accordance with U.S. GAAP, the Company also provides financial metrics, such as net leverage ratio, content per unit, free cash flow, earnings before interest, taxes, depreciation and amortization
Slide 27: Appendix: LCI Industries Non-GAAP Financial Measures
Appendix: LCI Industries Non-GAAP Financial Measures In addition to reporting financial results in accordance with U.S. GAAP, the Company has provided the non-GAAP performance measures of Adjusted EBITDA, Adjusted EBITDA as a percentage of net sales, adjusted net income, and adjusted net income per
Slide 28: In the Community Advancing the Outdoor Recreation Ecosystem
+ In the Community Advancing the Outdoor Recreation Ecosystem Empowering Enthusiasts Empowering Enthusiasts Worldwide + 28