Investor Day

Highly Variable Cost Structure Enabled by JEM 2020 Cost of Goods Sold Variable Fixed Overhead Overhead Freight Labor Material Variable costs Near-term fixed costs Adjusted EBITDA Per Employee 2015 ~24% 2020 Direct Labor % of Cost of Goods Sold 2015 260 bps 2020 Highly variable cost structure provides platform for profitable growth; JEM enables ongoing improvements in cost structure 57 © 2021 JELD-WEN | Investor Day JW

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