Residential Interior Door Facings

40% 30% 20% 10% 0% 90 7.5% 40% 30% 20% 10% 0% -10% -20% 2.2% (9.7%) (0.1%) 84.4% North American Residential Door Opportunity Volume, Mix & Pricing = Enhanced Returns ROE Peer Industry #1 Reported 2013 EBITDA 5.9% CBPX ■ 2011 4.5% ■ 2012 Wall Board ■ 2013 EXP ROE Peer Industry #2 12.5% ос ■ 2011 ■ 2012 ■ 2013 CSL 15.8% 14.0% 8.5% 15.1% In 2013, Masonite reported Adjusted EBITDA of $105.9 million Pro Forma 2013 EBITDA Roofing Masonite is Committed to Capturing Fair Value for the Products & Services We Provide Note: See appendix for Non-GAAP reconciliations. Numbers are for companies' consolidated financial results. Eagle Materials fiscal year end is March 31, 2014. (1) Net income represents tax-effected adjusted EBIT. EBIT adjustments include segment related restructuring, impairment and other one-time expenses. (2) Owens Corning's total company ROE is used as a proxy for their roofing business. Applying the peer industry #1 and #2 median ROE of 14.5% to Masonite's financial performance would imply an Adj. EBITDA of $299.4 million in 2013. This translates to an Adj. EBITDA margin of 17.3% in 2013. 32

View entire presentation