FGI Industries Investor Presentation Deck slide image

FGI Industries Investor Presentation Deck

Repair and Remodel Industry Outlook Repair & Remodel Growth Expected to Remain Resilient 800 700 600 500 400 300 200 100 O 19 5.8% R&R Spending is expecting to remain resilient during current downturn 2Q20 8.4% 344 354 363 371 383 396 406 414 10.6 % 10.9% 11.3% 11.7% 12.0% 11.5% 3Q20 4Q20 1021 2Q21 3021 4Q21 1022 15.7% 443 2Q22 17.2% 15.8% 3Q22 464 470 469 4Q22 13.4% Source: Joint Center for Housing Studies of Harvard University 1Q23 9.3% 5.4% 484 489 479 2Q23 3Q23 2.0% 457 454 452 4Q23E -2.7% 1Q24E -6.3% Homeowner Improvement & Repairs - Four Quarter Moving Totals ($Bn) →Four Quarter Moving Rate of Change 2Q24E -7.7% 3Q24E 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% -20.0% -25.0% Long-term drivers of R&R spending remain favorable Significant aging of US housing stock 85%+ of mortgages locked in below 5% Structural deficit in housing supply- demand Home equity levels remain strong and supportive of R&R spending Source: Redfin FGI
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