Exhibit 99.2
Our Mission & Vision ~$150 ~$280 ~$430 Combined NCI Ply Gem Unrealized cost synergies and cost savings NCI & Ply Gem 1 (1) $575 million ABL and $115 million revolving credit facility. (2) Adj. EBITDA represents midpoint of $660m ¡V $680m. Includes run-rate synergies and standalone cost saving initiatives. (3) Excludes one-time items and costs to achieve synergies. % conversion defined as EBITDA less capex divided by EBITDA. „Ï Cost-efficient and flexible capital structure . $690 million in aggregate revolving facilities(1) . Ply Gem term loan and notes remain in place . New $475 million add-on term loan „Ï Ample liquidity „Ï Covenant-lite and no near-term maturities „Ï Strong free cash flow generation . Modest capital expenditure of 2.0% - 2.5% of sales „Ï Prudent capital allocation policy balancing M&A strategy and debt paydown „Ï Target net leverage of 2.0x ¡V 3.0x Adj. EBITDA 9 Strong Free Cash Flow and Flexible Balance Sheet Pro forma capitalization Commentary 2018E Adj. EBITDA ¡V Capex(3) ($ in millions) (1) 75% 84% % conversion(3): ~$550 ¡V $570 ~$120 ¡V $140 Pro forma 82% Pro Forma ($ in millions) Maturity 6/30/2018 Cash and Cash Equivalents $76 $690m ABL and Revolving Credit Facility 2023 $130 Term Loan 2025 2,230 Notes 2026 645 Total Debt $3,005 Net Debt 2,929 2018E Pro Forma Adj. EBITDA(2) $670 Net Leverage(2) 4.4x Interest Coverage(2) 3.5x Note: Pro forma capitalization includes estimated transaction fees and expenses.