Apogee Enterprises, Inc. · NASDAQ:APOG
Apogee Enterprises — Investor Presentation (October 2026)
34 slides from Apogee Enterprises's investor presentation, October 2026
Slide 1: Fiscal Year 2026 Investor Presentation
Apogee Enterprises, Inc. Nasdaq: APOG Fiscal Year 2026 Investor Presentation October 2026 5050 Syracuse | Denver, CO |© JC Buck/Black Bike Productions LLC
Slide 2: Non-GAAP Measures & Forward-looking Statements
Non-GAAP Measures & Forward-looking Statements This presentation contains measures of financial performance that are not defined by U.S. GAAP. We believe that these measures provide useful information and include these measures in other communications to investors. For each of these non-GAAP financi
Slide 3: Apogee at-a-Glance
Apogee at-a-Glance Apogee Enterprises is a leading provider of architectural building products and services, and high-performance coated materials used in a variety of applications. 1949 11 ~4,100 $1.40B Primary manufacturing locations FOUNDED OPERATIONS EMPLOYEES REVENUE (FY26) ~95% Over 85% of sal
Slide 4: Leading Brands with a Broad Set of Capabilities
Leading Brands with a Broad Set of Capabilities METALS SERVICES GLASS PERFORMANCE SURFACES A v e r t ica lly in t e gr a t e d Dev e lops a n d pr odu ce s h igh - A t r u s t e d pa r t n e r t o m a n a ge A s in gle -s ou r ce r e s ou r ce f or le a de r in a lu m in u m w in dow, pe r f or m a
Slide 5: Core Capabilities that Drive Value Creation
Core Capabilities that Drive Value Creation Process Technology Specialty Finishing • Deposition, roll coating, • Architectural paint and spray coating • Anodize finishing • Glass, metal, wood, and polymer substrates Performance Coatings Material Conversion • Low-emissivity • Aluminum extrusion • Opt
Slide 6: Our Architectural Businesses Serve a Large and Diverse Addressable Market
Our Architectural Businesses Serve a Large and Diverse Addressable Market MARKET FUNDAMENTALS Key end-markets served Total US non-residential construction spend • Commercial & office ~$575B • Institutional ‒ Healthcare ‒ Education The US glazing Total US glazing market market includes ‒ Government a
Slide 7: Applications for Apogee's Architectural Products
Applications for Apogee’s Architectural Products MARKET FUNDAMENTALS Storefront & Entrance Street level windows and doors. Insulated Glass Units Frequently shipped as stock Hthtththththththth extrusions and door kits and Htht assembled by glazers on site. Ththt Thththth thth Shop fabricated windows
Slide 8: Trusted with a Wide Range of Architectural Projects
Trusted with a Wide Range of Architectural Projects MARKET FUNDAMENTALS LifeServe Blood Center Tubelite Curtain Wall, Storefront and Entrances University of Minnesota – Fraser Hall Linetec Finishing EFCO Curtain Wall and Entrances Linetec Copper Anodize Shamrock Trading Corporation Tubelite Curtain
Slide 9: Performance Surfaces - A Platform for Growth
Performance Surfaces - A Platform for Growth Differentiated business with strong positions in attractive niche markets Expanded capabilities in coating process technology and performance coatings R&D capabilities that can be leveraged to diversify into new markets Runway for above market gro
Slide 10: An Experienced Team to Lead Our Transformation
An Experienced Team to Lead Our Transformation Deep industry knowledge, plus new talent with key skills and experience DON NOLAN MARK AUGDAHL TROY JOHNSON VEENA LAKKUNDI CHRISTOPHER EDE MATTHEW CHRISTIAN Chief Executive Officer Chief Financial Officer President, President, President, President, Arch
Slide 11: Building on Proven Strategic Framework
Building on Proven Strategic Framework 2021-2026 2027 and Beyond • Enhanced cost structure and footprint • Cultivate bold growth-oriented mindset and expand • Developed Apogee Management System (AMS) and into new and adjacent markets delivered substantial productivity and safety gains • Elevate comm
Slide 12: Apogee Strategic Framework
Apogee Strategic Framework Create Peak Value by building differentiated businesses with strong operational execution and customer focus ACCELERATE GROW & STRENGTHEN ADVANCE LEADERSHIP IN TARGET THE PORTFOLIO CORE CAPABILITIES MARKETS Differentiate through deep Fuel growth through organic and Drive a
Slide 13: Financial Performance Overview
Financial Performance Overview Net Sales and Adjusted EBITDA Margin* Adjusted Diluted EPS* $4.97 $4.77 $3.98 $1.44B $1.42B $1.40B $3.47 $1.31B $1.36B 14.2% 13.0% $2.48 11.6% 11.9% 10.0% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 *Adjusted EBITDA margin and adjusted diluted EPS are non-GAAP me
Slide 14: Consistent, Strong Cash Flow Generation
Consistent, Strong Cash Flow Generation Cash Flow From Operations ($ in millions) $204 Cash Flow Drivers Increased operating income $125 $122 Strong working $101 $103 capital management Disciplined investments FY22 FY23 FY24 FY25 FY26 Apogee Enterprises, Inc. 14
Slide 15: Disciplined Capital Allocation to Enable Our Strategy
Disciplined Capital Allocation to Enable Our Strategy Capital Deployment FY24-FY26 Dividends $72M Increased dividend Share 13 consecutive years 15% Repurchases $65M 13% Reduced share count by 3% 23% Acquisitions $108M UW Solutions CapEx • Profitability & $232M growth investments 49% • Maintenance ca
Slide 16: Returning Cash to Shareholders
Returning Cash to Shareholders 13 Consecutive Years of Dividend Raises $1.20 +197% Increase $1.00 $0.80 $0.60 $0.40 $0.20 $- FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 Apogee Enterprises, Inc. 16
Slide 17: Strong Balance Sheet Provides Flexibility for Further Capital Deployment
Strong Balance Sheet Provides Flexibility for Further Capital Deployment LOW LEVERAGE STRONG LIQUIDITY Consolidated leverage ratio (as defined in our credit agreement)* 0.9 1.3 1.3 $427M 0.1 Undrawn revolver capacity FY23 FY24 FY25 FY26 (end of FY26) *Non-GAAP metric, see definition in appendix NO N
Slide 18: Capital Allocation Priorities
Capital Allocation Priorities Invest in Return Maintain a Profitable Capital to Strong Growth Shareholders Balance Sheet • High-return organic • Continued • Currently, low leverage investments dividend growth of 1.3x • Disciplined M&A to • Opportunistic • Additional capacity with strengthen core buy
Slide 19: Our Approach to M&A
Our Approach to M&A A focused and disciplined approach to strengthen existing core offerings and expand into high value adjacencies Internal M&A Capabilities Target Characteristics Dedicated resources in place Aligned with long-term industry trends Defined M&A strategy and focus areas Differentiated
Slide 20: FY26 Results
FY26 Results Apogee Enterprises, Inc. 20
Slide 21: FY26 Full-Year Consolidated Results
FY26 Full-Year Consolidated Results $ in millions, except EPS Commentary FY26 FY25 Change • Net Sales – Increase primarily driven by $65.3 million of inorganic sales from UW Net Sales $1,404.7 $1,361.0 +3.2% Solutions acquisition, partially offset by lower volume Adjusted EBITDA* $167.3 $192.7 (13.2
Slide 22: Segment Results
Segment Results Full Year FY2026 Segment Adjusted Net Sales EBITDA $M Margin* Architectural Metals $504.0 10.7% Year-over-year change (3.9%) (280) bps Architectural Services $439.2 7.0% Year-over-year change +4.6% (100) bps Architectural Glass $283.7 16.1% Year-over-year change (12.0%) (610) bps Per
Slide 23: FY26 Cash Flow and Balance Sheet
FY26 Cash Flow and Balance Sheet $ in millions FY26 FY25 Commentary Cash flow from operations $122.5 $125.2 • Free cash flow improvement driven by timing of working Capital expenditures $27.3 $35.6 capital Free cash flow* $95.2 $89.6 • Maintained disciplined capital allocation priorities Share repur
Slide 24: Governance and Sustainability
Governance and Sustainability Apogee Enterprises, Inc. 24
Slide 25: An Independent, Diverse, and Experienced Board
An Independent, Diverse, and Experienced Board Donald Nolan (2013) Legend: Executive • Former President and CEO of Kennametal A• Audit Committee I• Independent Director Chair and • Former President of the Materials Chief Group of Avery Dennison Corp. N• Nominating and Corporate • Committee Chair Gov
Slide 26: Committed to High Standards of Corporate Governance
Committed to High Standards of Corporate Governance Strong governance ensuring results, compliance, and enabling sustainability Board independence − Executive Chair & Lead Director − 7 of 8 directors are independent Comprehensive shareholder engagement Board diversity − 3 female directors − 2 racial
Slide 27: Advancing Apogee's ESG impact
Advancing Apogee’s ESG impact Strategy Pillars Recent Achievements We are committed to integrating sustainable business practices and environmental stewardship throughout our business. Our company-wide commitment is focused on delivering long-term People Established ESG governance framework profit
Slide 28: Advancing Apogee's ESG impact
Advancing Apogee’s ESG impact Engaging and Supporting Our People Environmentally Responsible Operations Investing in and empowering our workforce and communities Reducing the environmental impact of our operations • Talent management strategy to hire, train, and develop a diverse team of • Calculate
Slide 29: Appendix
Appendix Apogee Enterprises, Inc. 29
Slide 30: Non-GAAP Financial Measures
Non-GAAP Financial Measures • Adjusted operating income, adjusted operating margin, adjusted net earnings, and adjusted diluted EPS are used by the Company to provide meaningful supplemental information about its operating performance by excluding amounts that the Company does not consider to be par
Slide 31: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Adjusted Net Earnings and Adjusted Diluted Earnings Per Share (Unaudited) Note: Per share amounts are computed independently for each of the items presented so the sum of the items may not equal the total amount. Apogee Enterprises, Inc. 31
Slide 32: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin (Earnings before interest, taxes, depreciation, and amortization) (Unaudited) Apogee Enterprises, Inc. 32
Slide 33: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin (Earnings before interest, taxes, depreciation, and amortization) (Unaudited) Apogee Enterprises, Inc. 33
Slide 34: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Reconciliation from Adjusted Operating Income to Adjusted EBITDA (Earnings before interest, taxes, depreciation, and amortization)(Unaudited) Apogee Enterprises, Inc. 34
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