Owens Corning (OC) investor relations material

Strategic positioning and business mix

• Focused building products leader with over 50% exposure to repair and remodel markets, generating $10.1B in 2025 revenue across roofing, insulation, and doors segments.

• Roofing accounts for 43% of sales, insulation 36%, and doors 21%, with a strong U.S. market presence.

• Strategic priorities include strengthening market positions, leveraging scale, and extending product offerings.

• Investments in growth and modernization, including plant upgrades and decarbonization initiatives.

• Emphasis on leading technology, sustainability, and customer-centric innovation.

Financial performance and targets

• Sustained mid-20% adjusted EBITDA margin, outperforming peers and maintaining resilience through market cycles.

• Revenue CAGR of ~4% from 2021 to 2025, with 2025 revenue at $10.1B and targeted $12.5B by 2028.

• Significant annual free cash flow generation, with $1.3B in 2025 and a cumulative $5B+ FCF targeted for 2025-2028.

• $4.6B cash returned to shareholders since 2019, with a 50% FCF return target and $2B planned for 2025-2026.

• Maintains investment grade balance sheet, targeting 2-3x net debt to adjusted EBITDA leverage.

Segment highlights

• Roofing: Market-leading brand, contractor engagement, and shift to higher-value systems; long-term EBITDA margin raised to 30%.

• Insulation: Industry-leading business with strong demand from energy efficiency trends; long-term EBITDA margin raised to 24%.

• Doors: Differentiated manufacturer with $125M+ in synergies, vertically integrated, and targeting 20% EBITDA margin.

• All segments benefit from operational efficiency, network optimization, and product innovation.