Trex Company, Inc. Pitch Deck

Trex NON-GAAP RECONCILIATIONS $ Millions TTM 2017 2018 2019 2020 GAAP Sales $565 $684 $745 2021 2022 $881 $1,197 $1,365 2018 Net Sales charge for product repositioning Adjusted Sales $6 $565 GAAP Gross Profit $243 $295 $690 $745 $307 $881 $1,197 $1,365 $359 $461 $539 Legacy product warranty reserve $6 2018 Net Sales charge for product repositioning Adjusted Gross Profit $6 $243 $301 $307 $366 $461 $539 GAAP Operating Income $142 $177 $188 $234 $275 $389 Legacy product warranty reserve $6 2018 Net Sales charge for product repositioning $6 Trex Commercial Products Goodwill Impairment Gain on insurance proceeds at Trex Residential Adjusted Operating Income GAAP Net Income $54 $54 -$9 -$7 $142 $183 $188 $240 $321 $435 $95 $135 $145 $176 $209 $306 GAAP Income Tax / Interest / Depreciation / Amortizatio Legacy product warranty reserve $64 $59 $57 $76 $103 $42 $6 2018 Net Sales charge for product repositioning $6 Trex Commercial Products Goodwill Impairment $54 $54 Gain on insurance proceeds at Trex Residential Adjusted EBITDA -$9 -$7 $159 $199 $202 $258 $357 $395 GAAP Operating Cash Flows GAAP Investing Cash Flows Add back Acquisitions Free Cash Flow GAAP Diluted EPS * Impact of Adjustments to Ol (net of tax) Adjusted Diluted EPS * * Prior Period EPS and Adjusted EPS restated for impact of June 18, 2018 and September 15, 2020 2-for-1 stock splits. $102 $138 $156 -$87 -$34 -$67 $72 $87 $104 $0.81 $1.14 $1.24 $0.00 $0.03 $0.00 $187 $258 $478 -$171 -$158 -$131 $89 $17 $100 $347 $1.51 $1.80 $2.70 $0.04 $0.30 $0.41 $0.81 $1.17 $1.24 $1.55 $2.10 $3.12 28

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