Patrick Industries : Investor Presentation – September 2022

Investor Presentation

September 2022

FORWARD LOOKING STATEMENTS

This presentation contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results depending on a variety of factors. These risks and uncertainties include, but are not limited to, the impact of the continuing financial and operational uncertainty due to the COVID-19 pandemic, including its impact on the overall economy, our sales, customers, operations, team members and suppliers. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's filings with the Securities and Exchange Commission.

This presentation includes market and industry data, forecasts and valuations that have been obtained from independent consultant reports, publicly available information, various industry publications and other published industry sources. Although we believe these sources are reliable, we have not independently verified the information and cannot make any representation as to the accuracy or completeness of such information.

We disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this presentation or to reflect any change in our expectations after the date of this presentation or any change in events, conditions or circumstances on which any statement is based.

Use of Non-GAAP Financial Measures

This presentation contains non-GAAP financial measures. These measures, the purposes for which management uses them, why management believes they are useful to investors, and a reconciliation to the most directly comparable GAAP financial measures can be found in the Appendix of this presentation. All references to profit measures and earnings per share on a comparable basis exclude items that affect comparability.

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PATRICK AT A GLANCE NASDAQ: PATK

12,000+	63	250+	$5.0B
Team members	Years of Success	Facilities	Q2'22 TTM Revenue

Q2'22 TTM Highlights

Diluted EPS	$14.401	Pro-Forma	$713M2
Adjusted EBITDA
Liquidity	$346M	Total Net Leverage 1.9x3

Value Proposition

Strong portfolio unifies historically fragmented markets

Investments in automation, human capital and IT support strong platform

Breadth and depth of talent and resources drives innovative customer solutions

Broad supply chain strength supports OEM growth

1	Reflects the impact of the adoption on 1/1/2022 of accounting standard related to convertible notes |	September 2022 Investor Presentation 3
2	Non-GAAP metric. See appendix for reconciliation to closest GAAP metric | 3 As defined by credit agreement

DIVERSIFIED MARKET PLATFORM

59%	18%
Q2'22 TTM	Q2'22 TTM
revenue	revenue

	RV		Marine
	Largest OEMs rely		Fully integrated
	on Patrick for high		into manufacturers'
	degree of content		design process
	Breadth of offering		Highly engineered and
	to provide packaged		specialized products
	solutions not offered by		offer differentiated
	competitors		solutions to OEMs
	Our extensive supply		Growing aftermarket
	chain helps us support		platform and
	the explosive growth in		powersports market
	the leisure lifestyle
	markets

13%

Q2'22 TTM

revenue

Manufactured Housing

• Fulfilling customer visions of interior and exterior dream homes
• Nationwide manufacturing and distribution footprint allows Patrick to provide products to entire U.S. more efficiently than other competitors

10%

Q2'22 TTM

revenue

Industrial

• Aligned with long-term secular growth in housing starts
• Home improvement and DIY activity driven by work-from-anywhere environment

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OUR STORY

Together we have strategically built an incredible organization of great people, teams, brands,

and leadership focused on embracing and preserving the entrepreneurial spirit!

($ in millions, except per share amounts)

Sales

Net Income

ProForma Adj. EBITDA

Diluted EPS

											$5,026
										$4,078	$14.40
										$713
							$4.93	$3.85	$4.20	$9.63
	$1.17	$0.99	$1.27	$1.81	$2.43	$3.48	$531
$0.37		$2,263	$2,337	$2,487
				$1,636		$348
			$736	$920	$1,222	$248	$240	$293	$225
$308	$437	$595	$86$166
$31$71	$106	$122	$120	$90	$97
$8 $21	$28$37	$24$53	$42	$56
2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	Q2'22
TTM

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