Owens Corning (OC) Investor presentation summary

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 presence in both residential and non-residential markets.

• U.S. market dominates revenue at 80%, with additional sales from Canada, Mexico, and Europe.

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

• Investments in modernization and decarbonization are reshaping the company for future growth.

Financial performance and profitability

• Sustained mid-20% adjusted EBITDA margins, outperforming peers and maintaining resilience even in lower markets.

• 2025 adjusted EBITDA margin at 22%, with a target to sustain mid-20% margins through 2028.

• Roofing segment achieves 30% average EBITDA margin, insulation 24%, and doors on a path to 20%.

• Enterprise revenue CAGR of ~4% from 2021 to 2025, reaching $10.1B in 2025.

• Significant annual free cash flow generation, with $1.2B in 2025 and a 4% CAGR in operating cash flow.

Capital allocation and shareholder returns

• Disciplined capital allocation with a target of 2-3x net debt to adjusted EBITDA leverage.

• Over $4.6B returned to shareholders since 2019, including dividends and share repurchases.

• More than tripled quarterly dividend since 2019 and repurchased 31% of outstanding shares from 2019-2025.

• Targeting $2B return to shareholders in 2025-2026, with 50% of free cash flow allocated to shareholders over time.