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OWENS CORNING | 2018www.owenscorning.com
WHY INVEST IN OWENS CORNING? Owens Corning competes in markets with attractive long-term macro drivers, including global industrial production, material substitution, U.S. housing and construction, and energy standards and codes. The company operates a portfolio of market-leading businesses with improved financial performance, and drives shareholder returns through a disciplined capital allocation strategy.
• Implement sustainable cost improvements
• Drive organic growth through market leading positions with customers
• Acquire businesses with stable and attractive margins, and strong synergy opportunities
Market leading
positions
Improved competitive position, earnings & cash flow
Attractivemacrodrivers
1938
Founded80 years ago
Employees worldwide
19kCountries
around the world
37Consecutive years on the
Fortune 500®
632017
Strong businesses
3Sales in 2017
$6.4b
OWENS CORNING Owens Corning develops, manufactures, and markets insulation, roofing, and fiberglass composites. Global in scope and human in scale, the company’s market-leading businesses use their deep expertise in materials, manufacturing, and building science to develop products and systems that save energy and improve comfort in commercial and residential buildings. Through its glass reinforcements business, the company makes thousands of products lighter, stronger, and more durable.
Ultimately, Owens Corning people and products make the world a better place. Based in Toledo, Ohio, Owens Corning has been a Fortune 500® company for 63 consecutive years.
Source: Owens Corning SEC filings, Fortune Magazine
12%
34%
19%
35%
OWENS CORNINGONE OWENS CORNING PARKWAYTOLEDO, OHIO, USA 436591-800-GET-PINK®
www.owenscorning.com
ROOFING
Strong market position sustaining high operating margins.
BALANCED MARKET EXPOSURE
INSULATION COMPOSITES
Capitalizing on U.S. residential recovery and global commercial & industrial markets growth.
Well positioned to leverage market growth and favorable industry trends.
KEY FINANCIAL DATA ($ in millions)
Net Sales
Net Earnings attributable to OC
Diluted Earnings per share attributable to OC common stockholders
EBIT
Adjusted EBIT
Adjusted Earnings
Adjusted EPS (diluted)
CORPORATE
Insulation Sales
Insulation Margins
Composites Sales
Composites Margins
$
$
$
$
$
$
$
5,350
330
2.79
548
550
304
2.57
2015
$
1,766
15%
1,850
9%
$ 1,902
12%
2015
$
SEGMENT
$
$
$
$
$
$
$
5,677
393
3.41
699
746
419
3.63
2016
$
2,194
22%
1,748
7%
$ 1,952
14%
2016
$
$
$
$
$
$
$
$
6,384
289
2.55
737
855
498
4.40
2017
$
2,553
21%
2,001
9%
$ 2,068
14%
2017
$
CONSOLIDATED
THREE STRONG BUSINESSES
CONTACTSThierry DenisVice President, Investor [email protected]
Drew McIntyreLeader, Investor [email protected]
Sandy MillerSpecialist, Investor [email protected] Rights Reserved. The color PINK is a registered
trademark of Owens Corning. © 2018 Owens Corning.The NYSE logo is a registered trademark of NYSE Group, Inc.
U.S. residential new construction
U.S. residential repair and remodeling
U.S. commercial and industrial
International
24%
10%
22%
44%
3%
12%
26%59%
7%
82%
8%
3%
Source: Owens Corning management estimates; estimated error margin +/- 5%. In the residential markets, certain products are used interchangeably in both new construction and repair and remodeling, and our customers typically sell into both markets. Due to these limitations, we have used management estimates and other assumptions to allocate residential market sales. Note: Consolidated OC and Insulation revenues include full-year pro forma revenue from the Pittsburgh Corning and Paroc Group acquisitions. Without the pro forma adjustments, the 2017 end market exposure splits for consolidated OC and Insulation were, respectively, 13% & 31% U.S. residential new construction, 38% & 13% U.S. residential repair and remodeling, 20% & 27% U.S. commercial and industrial, and 29% & 29% International. Consolidated figures eliminate intercompany sales between reportable segments.
2017 Pro Forma Revenue
