2015 Second Quarter Earnings PresentationNYSE: DOOR

August 6, 2015

2

Safe Harbor / Non-GAAP Financial Measure

SAFE HARBOR / FORWARD LOOKING STATEMENT

This investor presentation contains forward-looking information and other forward-looking statements within the meaning of applicable Canadian and/or U.S. securities laws, including our

discussion of improvements in the housing market and related markets and the effects of our pricing and other strategies. When used in this Investor Presentation, such forward-looking

statements may be identified by the use of such words as “may,” might, “could,” “will,” would,” “should,” “expect,” “believes,” “outlook,” “predict,” “forecast,” “objective,” “remain,”

“anticipate,” “estimate,” “potential,” “continue,” “plan,” “project,” “targeting,” or the negative of these terms or other similar terminology.

Forward-looking statements involve significant known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Masonite, or

industry results, to be materially different from any future plans, goals, targets, objectives, results, performance or achievements expressed or implied by such forward-looking statements.

As a result, such forward-looking statements should not be read as guarantees of future performance or results, should not be unduly relied upon, and will not necessarily be accurate

indications of whether or not such results will be achieved. Factors that could cause actual results to differ materially from the results discussed in the forward-looking statements include,

but are not limited to, our ability to successfully implement our business strategy; general economic, market and business conditions; levels of residential new construction, residential

repair, renovation and remodeling and non-residential building construction activity; competition; our ability to manage our operations including integrating our recent acquisitions and

companies or assets we acquire in the future; our ability to generate sufficient cash flows to fund our capital expenditure requirements and to meet our debt service obligations, including

our obligations under our senior notes and our senior secured asset-backed credit facility; labor relations (i.e., disruptions, strikes or work stoppages), labor costs, and availability of labor;

increases in the costs of raw materials or any shortage in supplies; our ability to keep pace with technological developments; the actions by, and the continued success of, certain key

customers; our ability to maintain relationships with certain customers; new contractual commitments; our ability to generate the benefits of our restructuring activities; retention of key

management personnel; environmental and other government regulations; limitations on operating our business as a result of covenant restrictions under our existing and future

indebtedness, including our senior notes and senior secured asset-based credit facility; and other factors publicly disclosed by the company from time to time.

NON-GAAP FINANCIAL MEASURE

Adjusted EBITDA is a measure used by management to measure operating performance. Beginning in the first quarter of 2015, we revised our calculation of Adjusted EBITDA to

separately exclude loss on extinguishment of debt, which would be a component of other expense (income), net, but is separately stated due to its magnitude. The revision to this

definition had no impact on our reported Adjusted EBITDA for the three months ended June 28, 2015 or the three and six months ended June 29, 2014. As revised, Adjusted EBITDA is

defined as net income (loss) attributable to Masonite plus depreciation, amortization, restructuring costs, loss (gain) on sale of property, plant and equipment, asset impairment,

registration and listing fees, interest expense, net, loss from extinguishment of debt, other expense (income), net, income tax expense (benefit), loss (income) from discontinued

operations, net of tax, net income attributable to non-controlling interest and share based compensation expense. Adjusted EBITDA is not a measure of financial condition or profitability

under GAAP, and should not be considered as an alternative to (i) net income (loss) or net income (loss) attributable to Masonite determined in accordance with GAAP or (ii) operating

cash flow determined in accordance with GAAP. Additionally, Adjusted EBITDA is not intended to be a measure of free cash flow for management's discretionary use, as it does not

include certain cash requirements such as interest payments, tax payments and debt service requirements. We believe that the inclusion of Adjusted EBITDA in this presentation is

appropriate to provide additional information to investors about our operating performance. Not all companies use identical calculations, and as a result, this presentation of Adjusted

EBITDA may not be comparable to other similarly titled measures of other companies. Moreover, Adjusted EBITDA as presented for financial reporting purposes herein, although similar,

is not the same as similar terms in the applicable covenants in our ABL Facility or our senior notes. Adjusted EBITDA, as calculated under our ABL Facility or senior notes would also

include, among other things, additional add-backs for amounts related to: cost savings projected by us in good faith to be realized as a result of actions taken or expected to be taken prior

to or during the relevant period; fees and expenses in connection with certain plant closures and layoffs; and the amount of any restructuring charges, integration costs or other business

optimization expenses or reserve deducted in the relevant period in computing consolidated net income, including any one-time costs incurred in connection with acquisitions. The table in

the appendix sets forth a reconciliation of Adjusted EBITDA to net income (loss) attributable to Masonite for the periods indicated.

① Company / Industry Update

② Portfolio Optimization

③ Q2’15 Financial Review

④ Summary / Q&A

4

Company / Industry UpdateQ2 Business Overview

Adjusted EBITDA increased 34% in Q2 2015 vs. Q2 2014

Q2 Overview

Highest Adjusted EBITDA* in six years at $59.1M

Expanded Adjusted EBITDA* margin to 12.4%

AUP increased in all 3 reportable segments

NA +5.2%

Eur/Row +4.3%

S. Africa +4.3%

Double digit net sales^ and strong double digit

adjusted EBITDA performance in the UK business

Q2 year over year comparative Adjusted EBITDA

benefit from exiting Israel business in 2014 of ~$2.6M

FX headwinds reduced net sales and Adjusted

EBITDA by $25.7M and $1.8M, respectively

Continued Focus on Strategic Platforms

NA Average Unit Price Growth

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

Q1'1

1

Q2'1

1

Q3'1

1

Q4'1

1

Q1'1

2

Q2'1

2

Q3'1

2

Q4'1

2

Q1'1

3

Q2'1

3

Q3'1

3

Q4'1

3

Q1'1

4

Q2'1

4

Q3'1

4

Q4'1

4

Q1'1

5

Q2'1

5

(*) – See appendix for non-GAAP reconciliations

(^) Net sales growth excluding negative FX increased double digits versus Q2 2014

Portfolio Optimization

Acquired Performance Doorset Solutions (UK)

― Announced July 27, 2015

Acquired National Hickman (UK)

― Announced August 5, 2015

Disposed of Premdor S.A.S. (door business in France)

― Announced August 3, 2015

12.7

10.5

14.213.2

14.6

13.0

14.7

12.0

13.9

15.6

12.1

14.8

12.613.0

19.0

13.8

16.116.5

0

2

4

6

8

10

12

14

16

18

20

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

5

Company / Industry UpdateHousing Market Trends

YTD growth in U.S. single family completions in mid single digits; Canada lags; UK strong

U.S. housing market remains choppy 2015 YTD single family starts up 10%

2015 YTD single family completions up 5%

Canadian housing market has struggled YTD

2015 (starts down 1%)

UK housing starts growing at 13% CAGR (2012-

2015E)

Source: U.S. Census Bureau, Canada Mortgage & Housing Corp., NHBC Housing tracker

U.S. Single Family Starts (Jan 2014 - Present) NA Choppy, UK Strong

583 589635 649 634

593

652 641 663716

674725 706

600623

735691 685

0

100

200

300

400

500

600

700

800

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

Masonite’s NA Door Volume

(in 000s)

(in 000s) (in 000s)

U.K. Single Family Starts (Jan 2014 - Present)

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

Q1'14 Q1'15 Q2'14 Q2'15

$81 $82

$97

$106

$137

$110

$170

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

2010 2011 2012 2013 2014 Q2'14 Q2'15

6

Demonstrated improvement through strategic focus

Company / Industry UpdateOur Strategy Is Working

Masonite’s Trailing Twelve Month Adjusted EBITDA (2010 – Present)

(in millions)

+2% +19% +9% +30% +55%

(*) – See appendix for non-GAAP reconciliations

7

Company / Industry UpdateFive Focus Areas Designed to Accelerate Growth

Product Line Leadership

Electronic Enablement

Sales and Marketing Excellence

Automation

Portfolio Optimization

Goal: Grow share & expand margins beyond the macroeconomic recovery

① Company / Industry Update

② Portfolio Optimization

③ Q2’15 Financial Review

④ Summary / Q&A

9

Portfolio OptimizationExited France Business

France was not considered a strategic market for Masonite

Update:

• On August 3, 2015, we announced the disposition of

Premdor S.A.S. for nominal consideration

• YTD 2015 net sales $51.7M; Adj. EBITDA* $0.1M

• TTM net sales $110M and Adj. EBITDA* ($2.6M)

• Non-cash charge of $36-41M expected in Q3

Recent Geographic Exits:

• France 2015

• Israel 2014

• Poland 2014

• Hungary 2012

• Romania 2012

• Ukraine 2010

• Turkey 2010

Q3 France Disposition

Dispositions:

• Non-Strategic markets

• Poor macroeconomic outlook

• Outdated facilities or equipment

• Poor cash conversion metrics

Dispositions / Market Exits

(*) – See appendix for non-GAAP reconciliations

Premdor S.A.S. locations

10

Portfolio OptimizationAttractive Acquisitions to Expand Our UK Business

A strong portfolio of brands creates a platform for increased value creation

Optimizing Our Portfolio With Two Solid Additions to a Strong UK Business

UK Housing Market up 16%^

Masonite existing UK Business Q2 Results Strong

Double digit net sales* growth

Strong double digit Adj. EBITDA growth

Unit volume up 6%

Acquisitions of PDS and Hickman strengthen UK

Concentrated manufacturing locations

Potential to capture synergies and value added

servicesLancashire (PDS)

Barnsley

Nottingham

(*) Net sales growth excluding negative FX increased double digits versus Q2 2014

(^) Source: NHBC Housing Tracker (June 2015)

Birmingham

(National Hickman)

Masonite’s UK Brands

11

Portfolio OptimizationAttractive Acquisitions to Expand Our UK Business - PDS

PDS provides a complementary door product to our UK business

Performance Doorset Solutions (PDS)

Pre-Acquisition

>$20M FY’14*

Net Sales

$2.6M FY’14* Adj. EBITDA

~6.2x Pre Synergy Adj. EBITDA

~$16M Purchase Price

(*) FY’14 is the twelve months ended April 2015

Based in Lancashire, England

Founded in 2003

150 employees

Specializes in custom product specifications,

manufacturing both wood and composite solutions;

Services the residential and architectural markets

Niche producer of high quality complementary product

lines to Masonite’s UK business

12

Portfolio OptimizationAttractive Acquisitions to Expand Our UK Business – National Hickman

National Hickman is a leading supplier to the UK housing market

National Hickman

Pre-Acquisition

>$110M TTM

Net Sales

$11.1M TTM Adj. EBITDA

~7.4x Pre Synergy Adj. EBITDA

~$82M Purchase Price

Based near Birmingham, England; 3 locations in the UK

390 employees

Services 17 of the top 20 homebuilders in the UK

Sells processed and customized solutions directly to

homebuilders. Solutions are designed and tailored in-

house to exacting specifications and delivered to the

construction sites on a just-in-time basis.

13

Portfolio OptimizationBuilding on Strategic Focus Areas While Adhering to Strict Acquisition Criteria

We believe we can achieve 1-2 turns of operational synergies in each acquisition

National Hickman & Performance Doorset Solutions

Significant investment in Automation

Committed to Electronic Enablement – B2B (iPad)

business platform being developed for on-site use

Meet 5 acquisition criteria

Attractive valuation and cash conversion

characteristics

Similar

Technology

Distribution

Synergy

Brand

Positioning

Geographically

Appropriate

Actionable

14

Portfolio OptimizationFull UK Product Line & Ability to Service Multiple Channels

Masonite UK provides everything from door slabs to fully finished doors with hardware

Masonite now offers a complete product line

Merchants Specialists Installers Homebuilders

Molded Door SlabsFully Finished Door Systems

(Pre-Hung or Knock Down)Hardware

15

Portfolio OptimizationMasonite Has Created Leadership Positions in Targeted Product Categories

Door

Components

Residential

Doors

SteelStile & RailMolded

Architectural

Fiberglass

ExteriorInterior Door CoreVeneers /

Skins / Other

Interior

Wood

Steel &

Glass

Chile

Baillargeon

BirchwoodMarshfield

Algoma

Ledco

Lifetime

Door-StopLemieux

Algoma

Marshfield

Harring

Lea

de

rsh

ip

Po

sitio

n

Lea

de

rsh

ip

Po

sitio

n

2010-2015 acquisitions. Limited Masonite presence. Defined as #1 or #2 (based on internal estimates).

PDS

PDS

Lea

de

rsh

ip

Po

sitio

n

Lea

de

rsh

ip

Po

sitio

n

Lea

de

rsh

ip

Positio

n

Lea

de

rsh

ip

Po

sitio

n

Lea

de

rsh

ip

Po

sitio

n

Hickman

Hickman

① Company / Industry Update

② Portfolio Optimization

③ Q2’15 Financial Review

④ Summary / Q&A

$44.1

$59.1

$25.0

$35.0

$45.0

$55.0

$65.0

$75.0

Q2'14 Q2'15

$490.2$476.4

$200.0

$300.0

$400.0

$500.0

$600.0

Q2'14 Q2'15

8.5 8.4

5.0

10.0

15.0

Q2'14 Q2'15

Net Sales Adjusted EBITDA*Door Volume^

(in millions) (millions of USD) (millions of USD)

Q2’14 Q2’15 Q2’14 Q2’15 Q2’14 Q2’15

(^) – Does not include Africa segment.

(*) – See appendix for non-GAAP reconciliations.

17

2015 Second Quarter Financial ResultsDoor Volume, Net Sales and Adjusted EBITDA

Masonite’s results continue to improve despite an uneven recovery in NA housing

+34%-3%-1%

+2%Excluding impact of F(x): +38%Excluding impact of F(x):

(*) – See appendix for non-GAAP reconciliations

Net Sales

Gross Profit

Gross Profit %

SG&A

SG&A %

Adj. EBITDA*

Adj. EBITDA %

Q2’15

$476.4

$95.0

19.9%

$58.8

12.3%

$59.1

12.4%

Q2’14

$490.2

$78.6

16.0%

$58.5

11.9%

$44.1

9.0%

Change

-2.8%

+20.9%

+390 bps.

+0.5%

+40 bps.

+34.0%

+340 bps.

18

2015 Second Quarter Financial ResultsConsolidated P&L Information

Gross profit margin expanded by 390 basis points

($ in millions)

19

2015 Second Quarter Financial ResultsNet Sales and Adjusted EBITDA Growth versus Q2 2014

Strong Adjusted EBITDA growth vs. Q2 2014 in NA and Europe / Other

Net Sales + $3.5M

+ $14.6M excl. FX^

Adj. EBITDA* +$8.4M

+ 21.2%

AUP + 5.2%

Net Sales ($16.0M)

($3.2M) excl. FX^

Adj. EBITDA* +$6.4M

+ 128.0%

AUP + 4.3%

Net Sales ($1.4M)

$0.5M excl. FX^

Adj. EBITDA* +$0.3M

nm

AUP + 4.3%

(* & ^) – See appendix for non-GAAP reconciliations

North America Europe / Other S. Africa

Adjusted EBITDA and AUP increases in all reportable segments

0

5,000

10,000

15,000

20,000

25,000

30,000

1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15

20

Since 2012, we have absorbed ~$125 million of foreign exchange headwinds

Foreign Exchange Headwinds to Net Sales Have Been Significant

2015 Second Quarter Financial ResultsForeign Exchange

($38.4M) ($15.7M) ($23.6M) ($46.5M)

US

Dolla

rs –

In T

housands

21

2015 Second Quarter Financial ResultsAdjusted EBITDA Quarterly Progression

Increasing 2015 Adjusted EBITDA growth estimate to ~+35% vs. 2014

$0

$10

$20

$30

$40

$50

$60

$70

Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15

Adjusted EBITDA by Quarter (Q1’11 – Present)

($ in millions)

Leverage Ratios

Unrestricted Cash $136.3

Total Available Liquidity $278.3

Liquidity at June 28, 2015 (millions of USD)

TTM Adj. EBITDA^ $170.2

TTM Interest Expense $39.5

Total Debt $468.2

Net Debt $331.9

22

2015 Second Quarter Financial ResultsLiquidity, Credit and Debt Profile

8.25% Senior Unsecured Notes due 2021

(^) – See appendix for non-GAAP reconciliations.

(*) – FCF defined as Adjusted EBITDA less capex

Masonite’s balance sheet and liquidity position remain strong

Coverage Ratios

Free Cash Flow (TTM)*

$48.9$60.3

$86.9

$120.4

$0.0

$20.0

$40.0

$60.0

$80.0

$100.0

$120.0

$140.0

2012 2013 2014 TTM

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

Q2'14 Q3'14 Q4'14 Q1'15 Q2'15

Total Debt Net Debt

0.0

1.0

2.0

3.0

4.0

5.0

Q2'14 Q3'14 Q4'14 Q1'15 Q2'15

Adj. EBITDA / Interest (Adj. EBITDA - Capex) / Interest

① Company / Industry Update

② Portfolio Optimization

③ Q2’15 Financial Review

④ Summary / Q&A

Masonite’s Q2 Results Continued to Improve Despite an Uneven Recovery Foreign currency headwinds of $25.7M contributed to softness in net sales

Gross profit increased 21% and gross margin expanded 390 basis points

Highest Adjusted EBITDA in six years

Adjusted EBITDA margin expanded 340 basis points to 12.4%

Portfolio Optimization Announced acquisition of Performance Doorset Solutions (PDS) on July 27, 2015

Announced disposition of France business on August 3, 2015

Announced acquisition of National Hickman on August 5, 2015

Five Key Focus Areas Designed to Accelerate Growth Product Line Leadership

Electronic Enablement

Sales & Marketing Excellence

Automation

Portfolio Optimization

24

SummaryMasonite’s Balanced Growth Strategy Is Working

Questions & Answers

Appendix

27

Reconciliation of Net Sales, Excluding Foreign

Exchange

1000000

EUR/ROW Consolidated

YTD 6/29/14 687.1 198.1 27.4 912.6

Volme* 6.8 (7.2) (0.8) (10.9)

Avg. unit price 38.0 10.4 0.1 48.5

Other 0.3 (2.8) — (2.5)

FX (20.0) (23.7) (2.8) (46.5)

YTD 6/28/2015 712.2 174.8 23.9 910.9

3.7 % (11.8)% (12.8)% (0.2)%

North

America South Africa

1000000

EUR/ROW Consolidated

QTD 6/29/2014 372.7 103.5 14.0 490.2

Volume* (4.7) (5.5) (0.1) (10.3)

Avg. unit price 19.5 4.4 0.6 24.5

Other (0.2) (2.1) — (2.3)

FX (11.1) (12.8) (1.9) (25.7)

QTD 6/28/2015 376.2 87.5 12.6 476.4

0.9 % (15.5)% (10.0)% (2.8)%

North

America South Africa

* Acquisitions accounted for $2.0mm in 2Q15 and $9.7mm of net sales 2015 YTD.

28

France Business Comparison

(in thousands)

Net Sales Adj. EBITDA

Adj.

EBITDA

Margin Net Sales Adj. EBITDA

Adj.

EBITDA

Margin Net Sales Adj. EBITDA

Adj.

EBITDA

Margin Net Sales Adj. EBITDA

Adj.

EBITDA

Margin

Europe, Asia & Latin America

As reported, historical 87,543$ 11,359$ 13.0% 174,772$ 20,130$ 11.5% 103,520$ 5,028$ 4.9% 198,147$ 8,062$ 4.1%

France 25,444$ 336$ 1.3% 51,690$ 124$ 0.2% 34,701$ 376$ 1.1% 69,173$ 500$ 0.7%

Pro Forma, excluding France 62,099$ 11,023$ 17.8% 123,082$ 20,006$ 16.3% 68,819$ 4,652$ 6.8% 128,974$ 7,562$ 5.9%

Total Consolidated

As reported, historical 476,428$ 59,057$ 12.4% 910,893$ 96,845$ 10.6% 490,176$ 44,050$ 9.0% 912,636$ 63,768$ 7.0%

France 25,444$ 336$ 1.3% 51,690$ 124$ 0.2% 34,701$ 376$ 1.1% 69,173$ 500$ 0.7%

Pro Forma, excluding France 450,984$ 58,721$ 13.0% 859,203$ 96,721$ 11.3% 455,475$ 43,674$ 9.6% 843,463$ 63,268$ 7.5%

Q2 2015 Six months ended June 2015 Q2 2014 Six months ended June 2014

(in thousands)

France Q2 2015 Q1 2015 YTD 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 FY 2014

Net Sales 25,444$ 26,246$ 51,690$ 28,989$ 29,314$ 34,701$ 34,472$ 127,476$

Adjusted EBITDA 336$ (212)$ 124$ (1,607)$ (1,151)$ 376$ 124$ (2,258)$

29

Reconciliation of Adjusted EBITDA to Net Income

(loss) Attributable to Masonite

(In thousands)

June 28

2015

June 29

2014

June 28

2015

June 29

2014

June 28,

2015

March 29,

2015

December 28,

2014

September 28,

2014

June 29,

2014

Adjusted EBITDA 59,057$ 44,050$ 96,845$ 63,768$ 170,164$ 155,157$ 137,087$ 117,172$ 110,007$

Less (plus):

Depreciation 14,410 14,536 29,716 29,982 60,356 60,482 60,622 60,222 59,885

Amortization 4,975 5,593 9,986 11,284 20,424 21,042 21,722 20,348 19,736

Share based compensation expense 3,106 2,797 5,485 5,080 10,010 9,701 9,605 9,335 8,921

Loss (gain) on disposal of property, plant and

equipment 350 1,036 294 2,123 1,987 2,673 3,816 2,394 (614)

Registration and listing fees — — — — — — — 423 2,421

Restructuring costs 988 560 3,344 1,281 13,200 12,772 11,137 17,357 8,709

Asset impairment — — — — 18,202 18,202 18,202 — —

Interest expense (income), net 6,787 10,594 18,540 20,587 39,478 43,285 41,525 39,476 37,359

Loss on extinguishment of debt — — 28,046 — 28,046 28,046 — — —

Other expense (income), net (635) 1,306 (1,819) 1,487 (3,893) (1,952) (587) 4,175 4,324

Income tax expense (benefit) 15,013 1,379 18,277 1,398 21,412 7,778 4,533 (10,259) (18,535)

Loss (income) from discontinued operations, net

of tax 240 170 469 312 787 717 630 838 776

Net income (loss) attributable to non-controlling

interest 381 499 2,117 1,240 4,099 4,217 3,222 1,425 2,005

Net income (loss) attributable to Masonite 13,442$ 5,580$ (17,610)$ (11,006)$ (43,944)$ (51,806)$ (37,340)$ (28,562)$ (14,980)$

Three Months Ended Six Months Ended Twelve Months Ended

(In thousands)

June 28,

2015

March 29,

2015

December 28,

2014

September 28,

2014

June 29,

2014

March 30,

2014

December 29,

2013

September 29,

2013

June 30,

2013

March 31,

2013

December 30,

2012

September 30,

2012

July 1,

2012

April 1,

2012

January 1,

2012

October 2,

2011

July 3,

2011

April 3,

2011

Adjusted EBITDA 59,057$ 37,788$ 37,722$ 35,597$ 44,050$ 19,718$ 17,807$ 28,432$ 33,461$ 26,177$ 25,617$ 24,985$ 26,940$ 19,719$ 22,281$ 20,682$ 20,455$ 18,576$

Less (plus):

Depreciation 14,410 15,306 14,798 15,842 14,536 15,446 14,398 15,505 15,651 16,526 15,862 15,859 15,686 15,941 14,958 16,015 15,048 14,763

Amortization 4,975 5,011 5,549 4,889 5,593 5,691 4,175 4,277 4,336 4,270 4,006 4,356 3,559 3,155 3,000 2,931 2,383 2,255

Share based compensation expense 3,106 2,379 2,270 2,255 2,797 2,283 2,000 1,841 2,081 1,830 1,912 1,786 1,264 1,555 1,255 1,373 1,304 1,956

Loss (gain) on disposal of property, plant and

equipment 350 (56) 1,457 236 1,036 1,087 35 (2,772) 852 110 2,041 200 399 84 1,174 1,230 1,196 54

Registration and listing fees — — — — — — 423 1,998 — — — — — — — — — —

Restructuring costs 988 2,356 (57) 9,913 560 721 6,163 1,265 1,762 1,440 6,380 3,829 681 541 806 2,451 413 1,446

Asset impairment — — 18,202 — — — — — 1,904 — 1,350 — — — — — 1,770 746

Interest expense (income), net 6,787 11,753 10,491 10,447 10,594 9,993 8,442 8,330 8,208 8,250 8,381 7,969 8,451 6,653 6,091 6,367 5,467 143

Loss on extinguishment of debt — 28,046 — — — — — — — — — — — — — — — —

Other expense (income), net (635) (1,184) (1,670) (404) 1,306 181 3,092 (255) (363) (158) (669) 80 1,259 (142) 280 914 114 (197)

Income tax expense (benefit) 15,013 3,264 1,131 2,004 1,379 19 (13,661) (6,272) (408) (1,036) (7,027) (141) (1,181) (5,016) (4,805) (7,768) (6,094) (2,893)

Loss (income) from discontinued operations, net

of tax 240 229 194 124 170 142 402 62 44 90 40 50 26 (1,596) 55 91 27 130

Net income (loss) attributable to non-controlling

interest 381 1,736 1,724 258 499 741 (73) 838 605 680 792 913 685 533 245 789 335 710

Net income (loss) attributable to Masonite 13,442$ (31,052)$ (16,367)$ (9,967)$ 5,580$ (16,586)$ (7,589)$ 3,615$ (1,211)$ (5,825)$ (7,451)$ (9,916)$ (3,889)$ (1,989)$ (778)$ (3,711)$ (1,508)$ (537)$

Three Months Ended

30

Reconciliation of Adjusted EBITDA to Net Income

(loss) Attributable to Masonite’s France Business

(In thousands) June 28, 2015 June 29, 2014 December 28, 2014 June 28, 2015

Adjusted EBITDA 124$ 500$ (2,258)$ (2,634)$

Less (plus):

Depreciation 777 1,949 3,648 2,476

Amortization 99 125 243 217

Restructuring costs 1,615 — 45 1,660

Asset impairment — — 14,020 14,020

Interest expense (income), net 862 1,554 2,519 1,827

Other expense (income), net 306 510 609 405

Income tax expense (benefit) 225 (634) (4,094) (3,235)

Net income (loss) attributable to Masonite (3,760)$ (3,004)$ (19,248)$ (20,004)$

(In thousands) June 28, 2015 March 29, 2015 December 28, 2014 September 28, 2014 June 29, 2014 March 30, 2014

Adjusted EBITDA 336$ (212)$ (1,607)$ (1,151)$ 376$ 124$

Less (plus):

Depreciation 429 348 767 932 961 988

Amortization 50 49 57 61 80 45

Restructuring costs 455 1,160 45 — — —

Asset impairment — — 14,020 — — —

Interest expense (income), net 316 546 291 674 799 755

Other expense (income), net 285 21 99 — 510 —

Income tax expense (benefit) 135 90 (2,241) (1,219) (625) (9)

Net income (loss) attributable to Masonite (1,334)$ (2,426)$ (14,645)$ (1,599)$ (1,349)$ (1,655)$

Six Months Ended Twelve Months Ended

Three Months Ended