Installed Building Products (IBP) 8-K Installed Building Products Reports Results for Fourth Quarter, Achieves Record Revenue for Full Year 2013

Investor

Presentation

March 27, 2014

Exhibit 99.3

Disclaimer

This

presentation

may

contain

statements,

estimates

or

projections

that

constitute

“forward-looking

statements”

as

defined

under

U.S.

federal

securities

laws.

All

statements

other

than

historical

facts

included

in

this

presentation

may

be

forward-looking.

Generally,

the

words

“will,”

“may,”

“believes,”

“expects,”

“forecasts,”

“intends,”

“anticipates,”

“projects,”

“plans,”

“seeks,”

and similar expressions are intended to identify forward-looking statements,

which are not historical in nature.

Forward-looking statements are based on management’s current expectations and involve risks and uncertainties that could cause actual results,

performance or achievements to differ significantly from IBP’s historical results or those implied in forward-looking statements. You should not place

undue reliance on forward-looking statements as a prediction of actual results. IBP expressly disclaims any obligation or undertaking to release publicly

any updates or revisions to any forward looking statements to reflect any change in expectations or events, conditions or circumstances on which any

such statements are based. For a discussion concerning risk factors and further information, please refer to our filings with the SEC.

This presentation includes certain non-GAAP financial measures, including EBITDA and adjusted EBITDA. These non-GAAP financial measures

should be considered only as supplemental to, and not as superior to, financial measures 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.

2

Investor Presentation

The second largest  new residential insulation installer in the US with over

100 locations serving 46 states

Evolution into an Industry Leader

3

Service area covers more than 50% of total permits issued vs. 24% in 2005

with a #1 or #2 position in greater than half of the markets served

Note: Shaded states are where we have a physical presence. Some dots represent multiple locations

1

Based on internal estimates

2

Based on permits issued in those markets

Investor Presentation

1

2

2013 Product & End Markets

Garage Doors

Rain Gutters

Closets & Shelving

Shower Doors & Mirrors

Insulation

4

Net Revenue by Product –

FY 2013

Focused insulation installation offering, coupled with complementary

products for end markets having significant cyclical upside

Net Revenue by End Market –

FY 2013

Investor Presentation

Insulation

74%

Garage

Doors

8%

Shower

Doors,

Shelving,

and Mirrors

6%

Rain

Gutters

6%

Other

Building

Products

6%

New Single-

Family

73%

Commercial

11%

Repair &

Remodel

10%

New Multi

-

Family

6%

Benefits of a Unique Value Chain Structure

Scale provides a direct link between manufacturers and builders

through a streamlined value chain

Insulation Manufacturer

Purchasing, Logistics,

Installation

Finished Home

Insulation Value Chain

Typical Value Chain

Distributor

Contractor

Wholesaler or Retailer

Finished Home

Building Products Manufacturer

5

Investor Presentation

Critical Position in an Attractive Industry

Primary link between a concentrated manufacturer base and a highly

fragmented customer base

6

North America Insulation

Manufacturers

(2012)

Value to suppliers:

Strong relationships with the largest

manufacturers

Accounts for a meaningful portion of

supplier insulation volume

National scale allows manufacturers to

better plan production schedules

Value to customers:

Full service capabilities eliminate “nuisance”

work for customers

Timely delivery and quality installation of

products ensures projects remain on

schedule

Institutional knowledge of local building

codes and standards

1

Wall Street research estimates for fiberglass insulation

2

Builder Magazine’s 2012 Builder 100 list, based on the total number of home closings

Source: Wall Street Research, US Census Bureau, BuilderOnline.com

Owens Corning

CertainTeed

John Mansville

Investor Presentation

Top 3

D.R. Horton

3%

Pulte Group

3%

Lennar

2%

NVR

1%

KB Homes

1%

Other Top 100

16%

Other

74%

1

Homebuilders by

Closings

(2012)

2

Other

Strong Supplier and Customer Relationships

7

Sells to diverse set of national, regional and

custom builders with little concentration

End-to-end product and service solution adds

value to customers

Additionally provides expertise in local building

codes and national market trends

Key strategic relationships with manufacturers and an attractive, diversified

customer base

Predominately purchases materials direct from

manufacturers

National scale and long-term relationships

enable Company to negotiate attractive pricing

Receives a consistent supply of product from a

stable manufacturing base

Key Strategic Suppliers

Diversified Customer Base

Investor Presentation

•

•

•

•

•

•

•

Maintains local trade names and existing management, strengthening the relationship between

the Company and its customers

•

Business is primarily won or lost at the local level

Local Market Leadership with National Scale

8

is served by 11 different IBP branches across 15 markets   

Leading market positions serviced through local trade names   

Local IBP trade names

Investor Presentation

Experienced and Focused Management Team

9

Strong operational focus and proven understanding of the industry

•

Field management structure is comprised of deeply experienced managers at all levels

•

Team has effectively managed through several housing cycles, established a proven acquisition

strategy, and gained market share

•

Senior management aligned with investors due to meaningful equity ownership in IBP

Position

Average Tenure

Sales staff

10+ years with IBP

Branch managers

10+ years with IBP

Regional presidents

10+ years with IBP

20+ years in the industry (each)

Senior management team

10+ years with IBP

20+ years in the industry

Investor Presentation

Multiple Ways to Drive Growth and Profitability

10

Investor Presentation

1

2

Capitalize on New Home Construction Market Recovery

–

Total

housing

starts

forecasted

to

increase

at

19%

CAGR

from

2013

to

2015E

Pursue Value Enhancing Strategic Acquisitions

–

Attractive opportunities in fragmented market of independent contractors

Continue to Strengthen Market Share Position

–

Same branch sales grew by 30% y-o-y in 2013

–

US housing completions grew 18% in 2013

Maximize Benefits from Industry Trends

–

Enhanced energy efficiency requirements (IECC)

–

A return to historic single-family to multi-family mix

Extract Additional Value from Operating Leverage and National Scale

–

Demonstrated scale economies in Selling and Administrative expense and indirect

operating costs, with Selling and Administrative expense as a % of net revenue

decreasing

260

bps

y-o-y

for

fiscal

2013

1

2

Per Blue Chip consensus housing starts forecast

Adjusting for one-off items: legal settlements, and non-cash compensation expense

US Housing Improving From Cyclical Lows

•

Approximately

80%

of

net

revenue

directly

tied

to

US

residential

new

construction

•

Strong competitive and geographic positions

11

1

Total housing starts averaged from 1968 to 2006

Source: US Census Bureau, Blue Chip consensus housing starts forecast

Total US housing starts forecasted to increase at a 19% CAGR from 2013

to 2015E

Average Historical Starts =

~1.6mm

Investor Presentation

1,848

1,956

2,068

1,801

1,355

906

554

587

609

781

927

1,100

1,300

-

500

1,000

1,500

2,000

2,500

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

1

Note: Market share of new residential construction based on internal estimates

Source: Management, Completions from US Census Bureau

Proven Ability to Drive Growth and Gain Market Share

•

Second largest insulation installer for residential new

construction in the US

•

Our service area covers 55% of permits issued up from

24% in 2005 in the markets we serve

•

Market share gains driven by:

–

Successful acquisition and integration of local

installation operations

–

Quality customer service

–

Cross-selling complementary installation services

–

Adoption of more energy efficient building codes

Net Revenue / US Completions ($/US Completions)

Track record of increasing net revenue per US completion every year

since 2005

12

2005 Market Share

Market Share Today

Investor Presentation

IBP

5%

Others

95%

IBP

16%

Others

84%

$165

$177

$243

$274

$292

$342

$408

$464

$565

2005

2006

2007

2008

2009

2010

2011

2012

2013

$0

$120

$240

$360

$480

$600

Demonstrated Track Record of Successful Acquisitions

90+ successfully integrated acquisitions

13

•

Key components of the acquisition strategy include:

–

Ability to realize synergies within scalable infrastructure

–

Targeting profitable markets

–

Acquiring operations with strong reputation and customer base

–

Maintaining local trade name and existing management team

•

Corporate support allows more focus on customer service

•

Senior management team has been directing the Company’s acquisition strategy for 10+ years

Investor Presentation

Prior to 2003

2003 -

2007

2008 -

2010

2011

-

2014

Developing

Expansion

Downturn

Recovery

21

54

5

13

Clear Strategy for Value Enhancing Acquisitions

Selective

Criteria

Geographic expansion or existing

market tuck-in

Local brand strength

High caliber local management and

labor force

Successful

Integration

Acquired and successfully integrated

over 90 acquisitions

Structured integration process in place

Dedicated corporate team assigned to

oversee integration

Achieve

Synergies

Apply national insulation buying power

Leverage national contracts with large

homebuilders

Value enhancing technology “JobCore”

Corporate administrative support

Fragmented industry allows for geographic expansion through sizable

acquisitions and strengthening of existing branches via smaller tuck-ins

14

Key Areas of Opportunity

Extensive pool of potential acquisition targets with

1,000+ independent insulation contractors across the US

Additional large-market entry opportunities (IBP currently

covers

35

of

the

top

50

MSA’s

1

)

Significant acquisition potential in attractive secondary

markets

Proven Model for Acquisitions

IBP branches

1

MSA, or Metropolitan Statistical Area, is an area that generally

consists of at least one urbanized area of 50,000 or more inhabitants, plus adjacent territory that

has a high degree of social and economic integration with the core area as measured by commuting ties

Investor Presentation

Strong Top-Line Momentum

15

Note: Historical revenue figures not pro forma for acquisitions

Investor Presentation

% growth 

9.9%

4.2%

(16.0%)

(24.4%)

(3.9%)

7.0%

26.3%

43.4%

US Completions

1,979

1,503

1,120

794

652

585

649

765

% growth 

2.5%

(24.1%)

(25.5%)

(29.1%)

(18.0%)

(10.3%)

11.0%

17.9%

% growth

7.3%

37.3%

12.8%

6.6%

17.1%

19.3%

13.7%

21.7%

Net Rev/Compl.

$177

$243

$274

$292

$342

$408

$464

$ 565 

16

Gross Profit

Selling and Administrative

Adjusted EBITDA

Working Capital

Improving Financial Performance

$ in millions

% of net revenue

Investor Presentation

1

Selling and Administrative adjusted for items: 2013 legal settlement of $1.4 million and 2012 non-cash stock compensation of $4.7 million, included in the adjusted EBITDA

reconciliation in the Appendix

2

$57

$74

$110

24.0%

24.6%

25.4%

20.0%

22.5%

25.0%

27.5%

30.0%

$0

$25

$50

$75

$100

$125

2011

2012

2013

$64

$71

$91

26.9%

23.7%

21.1%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

$0

$25

$50

$75

$100

$125

2011

2012

2013

($7)

$6

$26

(2.8%)

2.1%

5.9%

(5.0%)

0.0%

5.0%

10.0%

15.0%

($10)

($5)

$0

$5

$10

$15

$20

$25

$30

2011

2012

2013

$18

$23

$34

7.7%

7.6%

7.8%

5.0%

6.0%

7.0%

8.0%

9.0%

$0

$10

$20

$30

$40

$50

2011

2012

2013

Adjusted EBITDA is a non-GAAP financial measure.  A reconciliation to the most comparable measure prepared in accordance with GAAP is included in the Appendix

1

2

Financial Results

17

($ in millions)

2011

2012

2013

Completions (000's)

585

649

765

Net Revenue

$238

$301

$432

% Growth

7.0%

26.3%

43.4%

Net Revenue/US Completions

$408

$464

$565

COGS

181

227

322

% of Net Revenue

76.0%

75.4%

74.6%

Gross Profit

57

74

110

% Margin

24.0%

24.6%

25.4%

Selling and Administrative

64

71

91

% of Net Revenue

26.9%

23.7%

21.1%

Adjusted EBITDA

($6.6)

$6.2

$25.5

% of Net Revenue

(2.8%)

2.1%

5.9%

Net Capex

(1)

(3)

(3)

% of Net Revenue

(0.4%)

(1.0%)

(0.6%)

Same Branch Sales Growth

6.8%

20.5%

29.6%

Selling and Administrative adjusted for items: 2013 legal settlement of $1.4 million and 2012 non-cash stock compensation of $4.7 million, included in the adjusted EBITDA

reconciliation in the Appendix

Adjusted

EBITDA

is

a

non-GAAP

financial

measure.

A

reconciliation

to

the

most

comparable

measure

prepared

in

accordance

with

GAAP

is

included

in

the

Appendix

Net capex excludes capital leases of $4.5 million, $12.2 million, and $22.3 million as of December 31, 2011 and 2012 and 2013, respectively.

Investor Presentation

1

2   

3     

1

2

3

Appendix

EBITDA and adjusted EBITDA Reconciliation

19

($ in millions)

2011

2012

2013

Net (loss) income

($9.0)

($1.9)

$6.4

Interest expense

2.0

2.3

1.4

0.6

4.2

Depreciation and amortization

9.1

7.9

11.6

EBITDA

$8.5

$8.5

$24.1

Gain on extinguishment of debt

(18.5)

--

--

Recapitalization transaction fees

2.7

--

--

Legal settlement

--

(7.0)

1.4

0.8

4.7

--

Adjusted EBITDA

($6.6)

$6.2

$25.5

1

Consists of interest expense of $3.7 on debt and related-party interest of $3.3. The related-party interest was forgiven in connection with the Recapitalization

2

Excludes income taxes related to discontinued operations

3

Represents the gain recorded in the 2011 Consolidated Statement of Operations related to the extinguishment of certain first lien senior secured indebtedness in

connection with the Recapitalization

4

Represents expenses related to the Recapitalization

5

Represents the settlement in 2012 of a class action lawsuit in which IBP was one of the plaintiffs. The lawsuit related to excess material prices being charged by

certain manufacturers.  Also included in this line are settlement expenses related to two lawsuits against us that were settled in January 2014

6

In 2010, IBP Management Holdings, LLC and, in 2011, IBP Investment Holdings, LLC issued awards of their equity interests to certain employees. Certain of

these employees were granted rights to put such equity awards during a limited period to Jeff Edwards. Accounting guidance requires that the compensation

associated with these equity awards be pushed down to IBP and recorded as non-cash compensation expense

Investor Presentation

3

4

5

7.0

1

Provision

for

income

taxes

2

Non-cash

stock

compensation

6

IBP Management

20

Jeffrey Edwards

Chairman, President &

CEO

•

Joined the Company in 1995

•

Over 25 years of experience in the building supply and homebuilding industry

Michael Miller

Executive VP &

Chief Financial Officer

•

Joined the Company in 2000

•

Previously served as Senior Vice President/Managing Director responsible for

Corporate Investment Banking at Huntington Capital Corp.

Jay Elliott

Chief Operating

Officer

•

Joined the Company in 2002

•

Previously served in several roles in new business development, market

management, and corporate strategic planning at Owens Corning

Jeff Hire

President of External

Affairs

•

Joined the Company in 2008

•

Previously served in numerous management positions at Owens Corning from

1978 to 2008, including General Manager of the Insulation Contractor Segment

of the Residential Insulation Division

Investor Presentation