August 1, 2022

DAVE FLITMAN, President & CEO • PETER JACKSON, CFO

Q2 2022 Earnings Presentation

Safe Harbor & Non-GAAP Financial Measures

Cautionary Notice

Statements in this presentation and the schedules hereto that are not purely historical facts or that necessarily depend upon future events, including statements about expected market share gains, forecasted financial performance or other statements about anticipations, beliefs, expectations, hopes, synergies, intentions or strategies for the future, may be forward- looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. In addition, oral statements made by our directors, officers and employees to the investor and analyst communities, media representatives and others, depending upon their nature, may also constitute forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are by nature inherently uncertain, and actual results or events may differ materially from the results or events described in the forward-looking statements as a result of many factors. All forward-looking statements are based upon currently available information and the Company's current assumptions, expectations and projections about future events. Builders FirstSource, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Any forward-looking statements involve risks and uncertainties, many of which are beyond the Company's control or may be currently unknown to the Company, that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including risks or uncertainties related to the continuing COVID-19 pandemic and its contributory effects on the economy, the Company's merger with BMC and other acquisitions and continued ability to identify and consummate attractive acquisitions, the Company's growth strategies, including gaining market share and its digital strategies, or the Company's revenues and operating results being highly dependent on, among other things, the homebuilding industry, which in turn is dependent on economic conditions, lumber prices and the economy, including interest rates, inflation and labor and supply shortages. Builders FirstSource, Inc. may not succeed in addressing these and other risks. Further information regarding factors that could affect our financial and other results can be found in the risk factors section of Builders FirstSource, Inc.'s most recent annual report on Form 10-K filed with the Securities and Exchange Commission ("SEC") and in other reports the Company files with the SEC. Consequently, all forward-looking statements in this presentation and the schedules hereto are qualified by the factors, risks and uncertainties contained therein.

Use of Non-GAAP Financial Measures

This presentation and the schedules hereto include financial measures and terms not calculated in accordance with accounting principles generally accepted in the United States ("GAAP") in order to provide investors with an alternative method for assessing our operating results in a manner that enables investors to more thoroughly evaluate our current performance as compared to past performance. We believe these non-GAAP measures provide investors with a better baseline for modeling our future earnings expectations. Our management uses these non-GAAP measures for the same purpose. We believe that our investors should have access to the same set of tools that we use in analyzing our results. These non-GAAP measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. Our calculations of adjusted net income, adjusted net income per share, adjusted EBITDA, free cash flow and net leverage are not necessarily comparable to similarly titled measures reported by other companies. The company provided detailed explanations and reconciliations of these non-GAAP financial measures in the earnings release included in its Form 8-K filed with the Securities and Exchange Commission on August 1, 2022.

© C O P Y R I G H T B U I L D E R S F I R S T S O U R C E . A L L R I G H T S R E S E R V E D . 2

Our Strategic Priorities Fuel Long-term Profitable Growth

Organic Growth

Drive

Continue to

Pursue

of Value-added

Operational

Build Our

Strategic

Products and

Excellence

High-Performing

Tuck-in

Services

Culture

Acquisitions

© C O P Y R I G H T B U I L D E R S F I R S T S O U R C E . A L L R I G H T S R E S E R V E D . 3

Executing Against Our Strategy in Q2 2022

✓

✓

✓

✓

✓

✓

✓ of HomCo Lumber and Hardware

© C O P Y R I G H T B U I L D E R S F I R S T S O U R C E . A L L R I G H T S R E S E R V E D . 4

Base Business1 Expectations for 2022E Aligned with Long Term Plan

Over 60% of BFS's Base Business1

is Non-Commodity

Windows, Doors & Millwork

Lumber & Lumber Sheet Goods

Manufactured Product2

Specialized Products & Other

Value-Added

Product Mix:

49% 23%24%

2022E Base

Business

Product Sales

Mix at

$400/mbf

26%

27%

Majority of EBITDA Growth is Driven by Value-Added Products

and Sustainable Operations Improvement / Synergy

Base Business Commodity <>$400mbf Base Business CAGR

Sales ($B)

$19.9

$17.2

$4.2

$10.9

$12.8

$0.3

14.1%

$12.5

$15.7

$17.2

$11.5

($0.6)

2019

2020

2021

2022E

Adj. EBITDA ($B)

$3.1

$1.3

$2.2

$0.8

$1.1

$2.2

34.4%

$1.8

$0.9

$1.1

($0.1)

2019

2020

2021

2022E

Commodity

Implied Adj. EBITDA Margin (On Base Business)

Exposed:

32%

  1. This estimate assumes $400/mbf lumber & sheet good pricing.
  2. Commodity exposure in manufactured products represents an estimated 5% of 2022E net sales mix at $400/mbf

+100bps

+250bps

+140bps

Double Digit

Adj. EBITDA

7.7%

8.7%

11.2%

12.6% (net of lumber

price effect)

.Adjusted EBITDA and Adjusted EBITDA margin are Non-GAAP financial measures. See the Non-GAAP Financial Measures slide in this © C O P Y R I G H T B U I L D E R S F I R S T S O U R C E . A L L R I G H T S R E S E R V E D .

5

presentation for a definition thereof and a discussion of certain matters regarding non-GAAP guidance.

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Builders FirstSource Inc. published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 21:09:04 UTC.