Slide 1: Q1 FY25 Investor Presentation
Q1 FY25 INVESTOR PRESENTATION FEBRUARY 2025 Copyright © 2025 Griffon Corporation. All rights reserved.
Slide 2: Griffon Overview
GRIFFON OVERVIEW $2.6B $528M 20% Attractive portfolio of iconic, well-respected, and industry leading brands Revenue Adj. EBITDA Adj. EBITDA HOME AND BUILDING PRODUCTS (HBP) is one of North America’s largest Margin manufacturers and marketers of garage doors and rolling steel door and grille product
Slide 3: Leading Brands in Core Categories
LEADING BRANDS IN CORE CATEGORIES Home and Building Products Consumer and Professional Products Residential Residential Commercial Lawn and Storage and Outdoor Commercial and Garage Doors Garage Doors Garden Organization Decor Industrial Fans 3 Copyright © 2025 Griffon Corporation. All rights reserv
Slide 4: Portfolio Reshaping Creates New Phase of Growth
PORTFOLIO RESHAPING CREATES NEW PHASE OF GROWTH Griffon has taken a number of strategic steps over the last several years to strengthen the business, and position it for future growth and increased profitability 2018 2020 2022 2025 & Beyond Griffon is poised to capitalize on secular Reshapes portfol
Slide 5: Strong Performance and Value Creation
STRONG PERFORMANCE AND VALUE CREATION Revenue ($mm) Adjusted EBITDA ($mm) 4.4% CAGR 26.5% CAGR 2,848 2,685 2,624 2,613 514 528 505 2,271 458 246 FY21 FY22 FY23 FY24 TTM 1Q25 FY21 FY22 FY23 FY24 TTM 1Q25 Adjusted EPS from continuing operations Net debt to EBITDA leverage 43.5% CAGR ~8% Reduction $5.4
Slide 6: Home and Building Products Segment
HOME AND BUILDING PRODUCTS SEGMENT A leading provider of residential and commercial sectional and rolling steel doors and grille products in 49% 42% North America Residential Repair & Commercial Remodel Revenue by $1.6B $503M 32% Market Revenue EBITDA EBITDA Margin 9% ≈ 2% 3,029 56 Residential New C
Slide 7: Home and Building Products: Resilient and Sustainable Model
HOME AND BUILDING PRODUCTS RESILIENT AND SUSTAINABLE MODEL BOLSTERED BY STRONG MARKET TRENDS Robust portfolio of Premium, recognized Extensive design, Customer network of Investments in product residential and and specified brands that manufacturing, and 3,000+ professional development, technology c
Slide 8: Consumer and Professional Products Segment
CONSUMER AND PROFESSIONAL PRODUCTS SEGMENT Residential, industrial, and commercial fans; 21% consumer and professional tools; products that 34% Retail enhance indoor and outdoor lifestyles; and home Residential Repair & Remodel storage and organization solutions 6% Construction Residential New Reven
Slide 9: Consumer and Professional Products: Competitive Advantages
CONSUMER AND PROFESSIONAL PRODUCTS LEADING GLOBAL HOUSEHOLD BRANDS ANCHOR COMPETITIVE ADVANTAGES Broad, iconic portfolio of market-leading branded LAWN AND GARDEN, OUTDOOR DECOR products widely recognized and respected by consumers and professionals Strong, long-term customer relationships and diver
Slide 10: Macroeconomic Trends Driving Product Demand
MACROECONOMIC TRENDS DRIVING PRODUCT DEMAND Repair and remodel Commercial U.S. housing is Maturing Millennial Outdoor living activity remains construction under-built and and Gen Z remains popular elevated (>$510B demand continues current stock is populations driving driving demand for annual spend)
Slide 11: Capital Allocation Strategy Enhances Shareholder Value
CAPITAL ALLOCATION STRATEGY ENHANCES SHAREHOLDER VALUE 1 2 3 RETURN CAPITAL TO REDUCE INVEST AND SHAREHOLDERS LEVERAGE GROW Share buybacks – $390M Debt paydown – $1.3B net debt2 Invest in innovation and authorization1 remains productivity Current leverage2 2.4x Purchased $468M in shares, or Target 2
Slide 12: Attractive EBITDA Margin Profile
ATTRACTIVE EBITDA MARGIN PROFILE FY2024A FY2025 GUIDANCE DRIVERS ▪ Resiliency of repair and remodeling activity HOME AND ▪ Above market growth in residential and commercial BUILDING 31.5% 30%+ ▪ Ongoing technology and productivity initiatives PRODUCTS ▪ New product introductions CONSUMER ▪ Expansion
Slide 13: Copyright © 2025 Griffon Corporation. All rights reserved.
13 Copyright © 2025 Griffon Corporation. All rights reserved.
Slide 14: Appendix
APPENDIX Copyright © 2025 Griffon Corporation. All rights reserved.
Slide 15: Sales and EBITDA by Segment
SALES AND EBITDA BY SEGMENT Revenue ($mm) EBITDA before unallocated expenses ($mm) $2,848 $2,685 $2,624 $2,613 $574 $589 $561 $2,271 $512 $73 $85 $50 $1,342 $1,097 $1,035 $1,025 $99 $1,230 $297 $116 $511 $501 $503 $413 $1,507 $1,588 $1,589 $1,588 $1,041 $181 FY21 FY22 FY23 FY24 TTM 1Q25 FY21 FY22 FY
Slide 16: GAAP to Non-GAAP Reconciliation
GAAP TO NON-GAAP RECONCILIATION GRIFFON CORPORATION AND SUBSIDIARIES NET DEBT AND LEVERAGE BANK COMPLIANCE (Unaudited) Multiple of Multiple of Multiple of Multiple of Multiple of ($US in millions) 9/30/2021 EBITDA 9/30/2022 EBITDA 9/30/2023 EBITDA 9/30/2024 EBITDA 12/31/2024 EBITDA Senior Notes due
Slide 17: GAAP to Non-GAAP Reconciliation
GAAP TO NON-GAAP RECONCILIATION GRIFFON CORPORATION AND SUBSIDIARIES RECONCILIATION OF GAAP to NON-GAAP MEASURES - CONTINUING OPERATIONS ADJUSTED EBITDA - BY REPORTABLE SEGMENT (Unaudited) Trailing Twelve Months Ended (US dollars in thousands, except per share data) For the Years Ended September 30,
Slide 18: GAAP to Non-GAAP Reconciliation
GAAP TO NON-GAAP RECONCILIATION GRIFFON CORPORATION AND SUBSIDIARIES RECONCILIATION OF GAAP to NON-GAAP MEASURES - CONTINUING OPERATIONS INCOME (LOSS) TO ADJUSTED INCOME (LOSS) and DILUTED EARNINGS (LOSS) PER SHARE TO ADJUSTED EARNINGS PER SHARE (Unaudited) Trailing Twelve For the Three Months Month
Slide 19: Disclaimer
DISCLAIMER “Safe Harbor” Statements under the Private Securities Litigation Reform Act of 1995: All statements related to, among other things, income (loss), earnings, cash flows, revenue, changes in operations, operating improvements, industries in which Griffon Corporation (the “Company” or “Griff