#1BEHR PRO Masco Corporation Investor Day KEITH ALLMAN PRESIDENT AND CHIEF EXECUTIVE OFFICER MASCO#2#3Agenda Performance Since 2017 Masco's Next Chapter Strategy for Profitable Growth INTERIOR SEMI-C ULTRA PU MASCO I-GLOSS ENAMEL PURE WHITE" 2050 PREMIUM PLUS T&PRIMER IN ONE THE LENG LASTING F d#4#5#6Cash Flow High EBITDA margin and 100% Free Cash Flow conversion $1,450 $1,400 $1,350 $1,300 $1,250 $1,200 $1,150 $1,100 EBITDA MARGIN EXCEEDS PEER SET ¹ 2016 ...... 2017 2018 Masco EBITDA Masco EBITDA Margin² Peer Group Avg. EBITDA Margin 18.0% 17.0% 16.0% 15.0% 14.0% 13.0% 12.0% 11.0% 10.0% 1. Peer group includes FBHS, SWK, PPG, SHW, MHK, JELD, WHR, OC. 2. See Appendix for Masco EBITDA and FCF GAAP reconciliation. Source: FactSet, company websites. STRONG FREE CASH FLOW CONVERSION $1,000 $900 $800 $700 $600 $500 $400 $300 $200 $100 2016 MASCO 2017 2018 Masco FCF Masco FCF Conversion² Peer Group Avg. FCF Conversion 120.0% 100.0% 80.0% 60.0% 40.0% 20.0% 6#7#8#9#10#11Diversified Revenue Mix Low ticket repair and remodel business will improve financial stability International 19% North America 81% 2014 REVENUE BREAKDOWN ¹ 22% 78% 2018 Pro Forma 1. Based on 2014 revenues, 2018 Pro Forma revenue and company estimates. New Home Construction Repair & Remodel 29% 71% 2014 MASCO 11% 89% 2018 Pro Forma 11#12Historical Sales Performance Pro Forma sales considerably more stable through a cycle YOY % Change 20% 10% 0% -10% -20% -30% -40% 2 years 6 years (sales peak to trough -15%) (sales peak to trough -68%) MASCO 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 -Plumbing and Decorative Architectural Products Sales Growth Cabinetry and Windows & Other Specialty Products Sales Growth 12#13#14Agenda Performance Since 2017 Masco's Next Chapter Strategy for Profitable Growth MASCO BEHR e600 EXTERIOR 450 14#15#16#17#18#19#20#21#22#23