Investor Presentaiton

Reconciliation of Adj. EBITDA to net income (loss) attributable to Masonite (in thousands) Adjusted EBITDA North Three Months Ended March 31, 2019 Corporate & Other Consolidated (5,753) $ 65,479 14 American Residential Europe Architectural $ 53,621 $ 9,997 $ 7,614 $ Less (plus): Depreciation 9,079 2,382 2,741 4,083 18,285 Amortization 449 3,965 2,093 1,090 7,597 Shared based compensation expense 2,680 2,680 Loss (gain) on disposal of property, plant and equipment 341 2,469 97 6 2,913 Restructuring Costs 1,880 862 604 394 3,740 Asset Impairment 10,625 10,625 Loss (gain) on disposal of subsidiaries 4,605 4,605 Interest expense (income), net Other income, net of expense (139) Income tax expense (benefit) 11,127 (991) 58 11,127 (1,130) 58 Net income (loss) attributable to non- controlling interest 986 204 1,190 Net income (loss) attributable to Masonite $ 30,261 $ (4,147) $ 2,079 $ (24,404) $ 3,789 Three Months Ended April 1, 2018 North American (in thousands) Residential Europe Architectural Corporate & Other Consolidated Adjusted EBITDA $ 50,398 $ 9,930 $ 7,660 $ (6,574) $ 61,414 Less (plus): Depreciation 7,344 2,303 2,030 Amortization 481 3,239 2,254 2,257 611 13,934 6,585 Shared based compensation expense 3,065 3,065 Loss (gain) on disposal of property, plant and equipment 533 79 612 Interest expense (income), net 8,756 8,756 Other expense (income), net 35 (57) (22) Income tax expense (benefit) 6,701 6,701 Net income (loss) attributable to non- controlling interest 970 (13) 957 Net income (loss) attributable to Masonite $ 41,070 $ 4,353 $ 3,297 $ (27,894) $ 20,826 masonite.com

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