#1#2Safe Harbor Statement This presentation contains statements that reflect our views about our future performance and constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "outlook," "believe,” “anticipate,” “appear," “may," "will," "should," "intend," "plan," "estimate," "expect," "assume," "seek," "forecast," and similar references to future periods. Our views about future performance involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results discussed in our forward-looking statements. We caution you against relying on any of these forward-looking statements. Our future performance may be affected by the levels of residential repair and remodel activity, and to a lesser extent, new home construction, our ability to maintain our strong brands and to develop innovative products, our ability to maintain our public reputation, our ability to maintain our competitive position in our industries, our reliance on key customers, the cost and availability of materials, our dependence on suppliers and service providers, extreme weather events and changes in climate, risks associated with our international operations and global strategies, our ability to achieve the anticipated benefits of our strategic initiatives, our ability to successfully execute our acquisition strategy and integrate businesses that we have acquired and may in the future acquire, our ability to attract, develop and retain a talented and diverse workforce, risks associated with cybersecurity vulnerabilities, threats and attacks, risks associated with our reliance on information systems and technology and the impact of the ongoing COVID-19 pandemic on our business and operations. These and other factors are discussed in detail in Item 1A. "Risk Factors" in our most recent Annual Report on Form 10-K, as well as in our Quarterly Reports on Form 10-Q and in other filings we make with the Securities and Exchange Commission. Any forward-looking statement made by us speaks only as of the date on which it was made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Unless required by law, we undertake no obligation to update publicly any forward-looking statements as a result of new information, future events or otherwise. MASCO 2#3#41 Summary of Results Keith Allman MASCO#5#6Full Year 2022 Review Drove top line growth of 4% for two-year growth of 21% Grew adjusted EPS to $3.77 per share Behr Paint earned second consecutive Partner of the Year Award from The Home Depot Repurchased 16.6 million shares for $914 million, ~7% of outstanding shares Achieved a return on invested capital of ~39% Established aspirational target to reduce emissions by 50%* by 2030 Anticipate full year 2023 adjusted EPS in the range of $3.10-$3.40 per share MASCO *The aspirational target reflects reductions to our Scope 1 and Scope 2 absolute greenhouse gas emissions based on our 2020 baseline. 6#72 Financial / Operations Review John Sznewajs MASCO f W BEHR DYNASTY ADVANCE TAIN ONE-COAT HID GUARANTEED* SCUFF & MA RESISTANT ELLENCY INTERI MATTE STAIN-BIG PA PRIMER*#8Masco Corporation Quarter Highlights ● ● Total company sales decreased 5% Sales decreased 2%, excluding the impact of currency In local currency, North American sales decreased 5% In local currency, international sales increased 7% Operating profit impacted by lower volumes, higher operational costs and currency, partially offset by higher net selling prices MASCO *See Appendix for GAAP reconciliation. ($ in Millions) Revenue Y-O-Y Change Operating Profit* Y-O-Y Change Operating Margin* Y-O-Y Change Adjusted EPS* Y-O-Y Change Fourth Quarter 2022 $1,923 (5%) $234 ($31) 12.2% (90) bps $0.65 (3%) Full Year 2022 $8,680 4% $1,355 ($99) 15.6% (180) bps $3.77 2% BEHR e600 8#9#10Decorative Architectural Products Segment Quarter Highlights ● ● ● Total segment sales decreased 8% Revenue of paints and other coating products decreased mid-single digits PRO paint sales grew mid-single digits DIY paint sales declined low-double digits Operating profit impacted by lower volumes and higher material costs, partially offset by higher net selling prices MASCO ($ in Millions) Revenue Y-O-Y Change Operating Profit* Y-O-Y Change Operating Margin* Y-O-Y Change * Excludes business rationalization charges for the fourth quarter and the full year 2022 of $8 million and $17 million, respectively, and for the fourth quarter and the full year 2021 of $2 million each. The fourth quarter and full year of 2022 also excludes impairment charges for goodwill and other intangible assets of $26 million, and the fourth quarter and full year of 2021 excludes a goodwill impairment charge of $45 million each. Fourth Quarter 2022 $727 (8%) $101 ($31) Full Year 2022 13.9% (270) bps $3,428 6% $608 ($20) 17.7% (170) bps CAR INTERIDE EGGSHELL ENA BEHR ULTRA SCUFF DEFENSE BLOCKING PAINT & TE LIFETIME WALBANTY 10#11#12#13#14#15#16#17#18#19#20#21#22#23#24#25#26#27#28