Investor Day

Balanced and Disciplined Capital Deployment Cash Deployed 2017-2020 (~$940M) Return on Invested Capital Debt Reduction Share Repurchases M & A Capital Expenditures 11%-12% 9.9% 8.8% 2019 2020 2021F Disciplined approach to capital allocation driving enhanced ROIC Return on invested capital = [(Adjusted EBITDA minus D&A) * (1 - 27% tax rate)] / [Current Assets - Non-Interest Bearing Current Liabilities + Net PP&E + Goodwill and Intangibles + Operating Lease Asset - Cash in excess of $100M minimum operating cash] 59 © 2021 JELD-WEN | Investor Day JW

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