Investor Day

Attractive Cash Conversion Dynamics Net Working Capital % of Sales (1) D&A as % of Capital Expenditures Effective Cash Tax Rate 11.6% 2018 160 bps reduction enabled by JEM Capital expenditures at or below D&A 138.9% 35.1% 105.4% 98.4% 10.5% 10.0% 2019 2020 2018 1. Net working capital = Accounts receivable + Inventory - Accounts Payable - certain Accrued Expenses Favorable tax attributes 22.2% 17.5% 2019 2020 2018 2019 2020 High cash conversion supported by JEM and favorable tax attributes 58 © 2021 JELD-WEN | Investor Day JW

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