TopBuild : Presentation Q4 2021

2021

FOURTH QUARTER

Robert Buck, President & CEO

John Peterson, CFO

Rob Kuhns, VP & Controller

February 22, 2022

SAFE HARBOR

Statements contained herein reflect our views about future periods, including our future plans and performance, constitute "forward- looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words

such as "will," "would," "anticipate," "expect," "believe," "designed," "plan," or "intend," the negative of these terms, and similar

references to future periods. These views involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results discussed in our forward-looking statements. We caution you against unduly relying on any of these forward-looking statements. Our future performance may be affected by a number of risks including but not limited to the material risks under the caption entitled "Risk Factors" in our most recent Annual Report, as filed with the SEC, as well as under the caption entitled "Risk Factors" in subsequent reports that we file with the SEC. Our forward-looking statements in this presentation speak only as of the date of this presentation. Factors or events that could cause our actual results to differ may emerge from time to time and it is not possible for us to predict all of them. Unless required by law, we undertake no obligation to update any forward- looking statements as a result of new information, future events, or otherwise. The Company believes that the non-GAAP performance measures and ratios that are contained herein, which management uses to manage our business, provide additional meaningful comparisons between current results and results in our prior periods. Non-GAAP performance measures and ratios should be viewed in addition, and not as an alternative, to the Company's reported results under United States GAAP. Additional information about the Company is contained in the Company's filings with the SEC and is available on TopBuild's website at www.topbuild.com.

TOPBUILD AT-A-GLANCE*

SPIN-DATE (from Masco)		HEADQUARTERS		MARKET-CAP		U.S. EMPLOYEES
				$7.5B		13,000+
June 30, 2015		Daytona Beach, FL

Revenue by Segment	Revenue by Product Mix	Revenue by Business Mix
			Other	Industrial
Specialty		Glass 9%	8%
		5%
Distribution		Gutters
	6%	Commercial
42%	58%			29%
			63%
			80%
	Installation		Insulation &	Residential
			Accessories

LEADING INSTALLER AND SPECIALTY DISTRIBUTOR OF INSULATION AND BUILDING MATERIAL PRODUCTS IN THE UNITED STATES AND CANADA

* All financials adjusted to show full-year impact of acquisitions

OUR BUSINESS MODEL

Core Strengths

Our Values

Focus on Safety and Employee Well-Being

Flexible Business Model, enabling us to quickly adapt to changing market conditions

Unrivaled National Scale and Footprint, creating a strong supply chain ensuring we can meet customer demand

Operational Excellence Focused on Continuous Improvement, supporting quick adaptation to market changes

Talented, Experienced, Cycle Tested Team, deep bench

Integrated Systems, giving us the ability to flex resources across footprint

Tenured Relationships with Customers and Suppliers

Exceptional Service and Reliability

GROWING PROFITABLY AND MAKING A DIFFERENCE

4Q 2021 FINANCIAL HIGHLIGHTS*

• 47.4% sales increase, 12.5% on a same branch basis
• 28.1% adjusted gross margin, up 60 bps
• • 29.4% on a same branch basis, up 190 bps
• 14.2% adjusted operating margin, down 20 bps
• • 16.7% on a same branch basis, up 230 bps
• 17.1% adjusted EBITDA margin, up 30 bps
• • 19.0% on a same branch basis, up 220 bps
• 45.1% increase in adjusted EPS to $3.12 per diluted share

ANOTHER SOLID PERFORMANCE

* See Appendix for Reconciliation