Installed Building Products : IBP Lender Presentation

INSTALLED BUILDING PRODUCTS

Lender Presentation

December 2021

Disclaimer

This presentation is being delivered on behalf of Installed Building Products, Inc. (the "Company"). The sole purpose of this presentation is to provide information in connection with a review of the Company's proposed refinancing. This presentation does not purport to be all-inclusive or to contain all of the information that the lenders may desire in reviewing the Company.

This presentation contains certain forward-looking statements and estimates including, without limitation, statements about the housing market and the commercial market, our financial and business model, business strategy, acquisition pipeline, potential growth opportunities and competitive position. Forward-looking statements are generally identified by the use of the words "will," "may," "believes," "expects," "forecasts," "estimates," "intends," "anticipates," "projects," "plans," and "seeks," and in each case their negative, and other variations or comparable terminology. These estimates and other forward-looking statements are not facts, are based on assumptions of management of the Company and are subject to a number of significant risks, contingencies and uncertainties, many of which are beyond the Company's control, and that could cause actual results, performance or achievements to differ significantly from the Company's historical results or those contemplated by such estimates and other forward-looking statements. These risks include, without limitation, general economic and industry conditions; the impact of COVID-19; the risk that transactions in the Company's acquisition pipeline will not be completed on the expected terms, during the expected timeframe, or at all; the material price and supply environment; the timing of increases in our selling prices; and the risks discussed in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2020, as the same may be updated from time to time in our subsequent filings with the SEC. There can be no assurance that the results contemplated in any estimates, and forward-looking statements will be realized, and the Company's actual results of operations and financial performance may differ materially and adversely from the estimates, and forward-looking statements contained in this presentation. Caution should be taken with respect to such statements and you should not place undue reliance on any such forward-looking statements. In addition, such estimates were not prepared with a view to public disclosure or compliance with published guidelines of the U.S. Securities and Exchange Commission, the guidelines established by the American Institute of Certified Public Accountants or U.S. generally accepted accounting principles. Accordingly, although the Company's management believes the estimates contained herein represent a reasonable estimate of the Company's financial condition and results of operations, there can be no assurance as to the reliability or correctness of such estimates, nor should any assurances be inferred, and actual results may vary materially.

The information in this presentation is solely for information purposes. Neither the Company nor any of its affiliates, representatives or advisors assumes any responsibility for, and makes no representation or warranty (express or implied) as to, the reasonableness, completeness, accuracy or reliability of the estimates and other information contained herein, all of which speak only as of the date identified on the cover page of this presentation. The Company and its affiliates, representatives and advisors expressly disclaim any and all liability based, in whole or in part, on such information, errors therein or omissions therefrom. Neither the Company nor any of its affiliates, representatives or advisors intends to update or otherwise revise the estimates and other information contained herein to reflect circumstances existing after the date identified on the cover page of this presentation to reflect the occurrence of future events even if any or all of the assumptions, judgments and estimates on which the information contained herein is based are shown to be in error. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking information to reflect any change in expectations or events, conditions or circumstances on which any such information is based.

Non-GAAP Measures:

This presentation includes the non-GAAP financial measures of Adjusted EBITDA, Further Adjusted EBITDA, Adjusted EBITDA margin, Adjusted COGS, Adjusted Operating Expense and Free Cash Flow. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for the Company's financial results prepared in accordance with GAAP. Please refer to the Appendix of this presentation for a reconciliation of the non-GAAP financial measures included in this presentation to the most directly comparable financial measures prepared in accordance with GAAP. Non-GAAP measures in this presentation may be calculated in a way that is not comparable to similarly titled measures reported by other companies.

THIS PRESENTATION IS NEITHER AN OFFER TO SELL NOR THE SOLICITATION OF AN OFFER TO PURCHASE ANY LOANS OR SECURITIES OF THE COMPANY OR ANY FINANCIAL INSTRUMENTS RELATED THERETO IN ANY JURISDICTION. NEITHER THIS PRESENTATION (NOR ANY PART HEREOF) NOR ANY INFORMATION OR STATEMENT CONTAINED HEREIN SHALL FORM THE BASIS OF OR BE RELIED UPON IN CONNECTION WITH ANY CONTRACT OR COMMITMENT WHATSOEVER.

1

Presenters

Name	Title
Michael Miller	Executive Vice President, CFO and Director
Jeff Hire	President, External Affairs
Jason Niswonger	Senior Vice President, Finance and Investor Relations
Darren Hicks	Director of Investor Relations
Tim Mundorf	Director, Financial Reporting & Planning
Ryan Ricketts	Manager, Financial Planning & Analysis

2

Agenda

I

II

III

IV

V

VI

Transaction Overview

Company Overview

Credit Highlights

Historical Financial Performance

Syndication Overview

Appendix

3

Transaction Overview

Installed Building Products

Section I