Trian Partners Activist Presentation Deck

...and EBITDA Margin Expansion 275 260 POOLCORP EBITDA Margin Change (basis points) (Last 5 Fiscal Years) HOME DEPOT 170 75 While Ferguson has expanded EBITDA margins over the last 5 years, Trian believes there is an opportunity to better leverage growth and improve margin flow through 60 SiteOne watsco LANDSCAPE SUPPLY COOLING THE AMERICAS Stronger Together FERGUSON US Segment 15 Beacon (25) (35) Source: Company filings. (1) Represents HD Supply Facility Maintenance Business (~60% EBITDA) and excludes Construction & Industrial. Specialty, RMI-Oriented Broadline Industrial MRO Home Improvement Retail (50) (175) (205) LOWE'S SUPPLY FASTENAL GRAINGER MSC FOR THE ONES WHO GET IT DONE BUILT TO MAKE 19

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