1) Masonite reported strong growth in 1Q16 with net sales increasing 13% to $489.3 million and adjusted EBITDA growing 54% to $58.2 million. 2) All three of Masonite's reporting segments - North American Residential, Europe, and Architectural - experienced adjusted EBITDA growth in 1Q16 and double digit increases in net sales. 3) The improved results were driven by a stronger housing market in North America and solid execution across Masonite's business segments.

1. the beautifuldoor
May 2016
1Q16 Earnings Presentation

2. 2
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,” “framework,” “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 MEASURES
Our management reviews net sales and Adjusted EBITDA (as defined below) to evaluate segment performance and allocate resources. Net assets are not allocated to the reportable segments.
Adjusted EBITDA is a non-GAAP financial measure which does not have a standardized meaning under GAAP and is unlikely to be comparable to similar measures used by other companies. Adjusted
EBITDA should not be considered as an alternative to either net income or operating cash flows 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. Beginning with the third
quarter of 2015, we revised our calculation of Adjusted EBITDA to separately exclude loss (gain) on disposal of subsidiaries. The revision to this definition had no impact on our reported Adjusted
EBITDA for the three months ended March 29, 2015. Adjusted EBITDA (as revised) is defined as net income (loss) attributable to Masonite adjusted to exclude the following items: depreciation;
amortization; share based compensation expense; loss (gain) on disposal of property, plant and equipment; registration and listing fees; restructuring costs; asset impairment; loss (gain) on disposal of
subsidiaries; interest expense (income), net; loss on extinguishment of debt; other expense (income), net; income tax expense (benefit); loss (income) from discontinued operations, net of tax; and net
income (loss) attributable to non-controlling interest. This definition of Adjusted EBITDA is differs from the definitions of EBITDA contained in the indenture governing the 2023 Notes and the credit
agreement governing the ABL Facility. 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 tables in the appendix to this presentation reconcile Adjusted EBITDA to net income (loss) attributable to Masonite for the
periods indicated. We are not providing a quantitative reconciliation of our Adjusted EBITDA outlook to the corresponding GAAP information because the GAAP measures that we exclude from our
Adjusted EBITDA outlook are difficult to predict and are primarily dependent on future uncertainties.
Adjusted EPS for the quarter ended April 3, 2016 and March 29, 2015 is diluted earnings per common share attributable to Masonite (EPS) less asset impairment charges, loss (gain) on disposal of
subsidiaries and loss on extinguishment of debt, net of related tax expense (benefit). Management uses this measure to evaluate the overall performance of the Company and believes this measure
provides investors with helpful supplemental information regarding the underlying performance of the Company from period to period. This measure may be inconsistent with similar measures
presented by other companies.
Safe Harbor / Non-GAAP Financial Measures

3. 3
Company & Industry Update
the beautifuldoor

4. 4
Company & Industry Update
1Q Overview
Improved macro environment and solid execution delivers strong growth
Quarterly AUP growth1Q16 Highlights
- Net sales increased 13% to $489.3 million
- Adj. EBITDA* increased 54% to $58.2 million
- Adj. EBITDA margin +320bps
- Adj. EBITDA growth from all three reportable
segments
- NA Residential + 75%
- Europe + 53%
- Architectural + 10%
- Adjusted EPS* increased to $0.57
- Repurchased $16 million of company shares
- 12th consecutive quarter of positive overall
AUP growth
- AUP increased in NA Residential and Europe
- NA Residential +5%
- Europe +9%
- Architectural -1%
-4%
-2%
0%
2%
4%
6%
8%
10%
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
Q3'15
Q4'15
Q1'16
(*) – See appendix for non-GAAP reconciliations

5. 5
Company & Industry Update
Masonite’s New Reporting Segments
NA Residential
Wholesale and retail
businesses in the U.S.,
Canada & Mexico
Chile facilities primarily
serving NA Residential
market
Architectural
Architectural
business in North
America
Europe
United Kingdom,
Czech Republic, and
Ireland
Corp & Other
Unallocated corporate
costs and the results
of immaterial
operating units not
aggregated into any
reportable segment

6. 6
Company & Industry Update
Segment Overview
North American Residential
- U.S. housing starts and completions*
increased 16% and 19%, respectively, in 1Q16
- Single family starts +23%
- Multi family starts +2%
- Single family completions +16%
- Multi family completions +28%
- Volume increased 18% on strong demand with
both retail and wholesale customers
- Lowe’s business at full quarterly run rate
- Balanced growth across all products and
channels
($ in millions) 1Q16 1Q15 Diff
Net Sales $328.7 $273.3 +20%
Adj. EBITDA $51.4 $29.3 +75%
Margin 15.6% 10.7% +490bps
(*) – Source: U.S. Census Bureau

7. 7
Company & Industry Update
Segment Overview
- Portfolio optimization driving Adj. EBITDA
margin expansion
- Shift to fiberglass exterior doors benefitting
DSI business
- High demand in UK RRR market
- Integrations of PDS and National Hickman
continue
- Brexit concerns slowing pace of new
residential housing completions
- Negative impact on Pound Sterling
Europe
($ in millions) 1Q16 1Q15 Diff
Net Sales $80.6 $75.0 +7%
Adj. EBITDA $10.1 $6.6 +53%
Margin 12.5% 8.8% +370bps

8. 8
Company & Industry Update
Segment Overview
- Volume increased 10%
- Strong demand from office sector and
lodging sector
- Order flow remains positive
- Negative AUP due to higher demand in lower
end doors
- Communicated price increase in Q1
- Limited price realization in 2016 due to
extended project lead time
- Focused on improving operational
performance and Adj. EBITDA pass through as
demand increases
- Purposeful investments in R&D, personnel and
systems integration
Architectural
($ in millions) 1Q16 1Q15 Diff
Net Sales $73.5 $66.9 +10%
Adj. EBITDA $4.4 $4.0 +10%
Margin 6.0% 6.0% --

9. 9
the beautifuldoor
Financial Overview

10. 10
$37.8
$58.2
1Q15 1Q16
$434.5
$489.3
1Q15 1Q16
Financial Overview
1Q16 Net Sales and Adjusted EBITDA
(*) – See appendix for non-GAAP reconciliations
 Double digit increase in net sales
in all three reportable segments
(excluding forex)
 Gross margin increase driven by
higher AUP and fixed cost
leverage
 New Year’s holiday fell in 4Q15
 Net sales benefit of ~$15
million vs 1Q15
 Adj. EBITDA benefit of ~$3
million vs. 1Q15
 Forex decreased Adjusted
EBITDA by $1.8 million
Adj. EBITDA* Quarterly DriversNet Sales
($ in millions) ($ in millions)
1Q15 1Q16 1Q15 1Q16
+54%+13%
+16%Excluding impact of F(x): +59%Excluding impact of F(x):

11. 11
Financial Overview
1Q16 Consolidated P&L Information
Net Sales
Gross Profit
Gross Profit %
SG&A
SG&A %
Adj. EBITDA*
Adj. EBITDA %
Adj. EPS*
1Q16
$489.3
$98.2
20.1%
$64.9
13.3%
$58.2
11.9%
$0.57
1Q15
$434.5
$73.3
16.9%
$58.2
13.4%
$37.8
8.7%
($0.10)
B/(W)
+12.6%
+34.0%
+320 bps.
(11.5%)
+10 bps.
+54.0%
+320 bps.
+$0.67
($ in millions)
(*) – See appendix for non-GAAP reconciliations

12. 12
Financial Overview
Segment Sales Walk
1Q15 Net Sales
Forex
Volume*
AUP
Other
1Q16 Net Sales
NA Residential
$273.3
($9.3)
$50.1
$13.8
$0.8
$328.7
Europe
$75.0
($2.6)
$0.2
$6.8
$1.2
$80.6
Architectural
$66.9
($0.9)
$6.4
($0.4)
$1.5
$73.5
C&O
$19.2
($0.1)
($12.2)
--
($0.4)
$6.5
($ in millions)
+24% ex Fx +11% ex Fx +11% ex Fx
(*) – Includes the incremental impact of recent acquisitions and dispositions
Reflects removal of
S. Africa

13. 13
Financial Overview
2016 Viewpoints
Headwinds
 Continued U.S. housing market growth
 Expect mid to high-single digit growth in
U.S. housing completions
 Expect mid-single digit growth in the
U.S. RRR market
 New product investments driving higher AUP
 Benign commodities market
 Tightening labor market in U.S.
 “Brexit” risk impact in UK housing market
 Weak and uneven housing market in Canada
due to lower commodities prices
 Uncertain foreign exchange environment
Tailwinds

14. 14
10.9%
0%
5%
10%
15%
20%
25%
2015 2018
$1.9
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
2015 2018
Financial Overview
Long Term Growth Framework^
Net Sales
($ in billions)
Adjusted EBITDA* Margin
7% - 10%
CAGR
14% - 15%
(^) - Company long term growth framework is a forward-looking statement and subject to risks and uncertainties. See "Safe Harbor/Forward Looking Statement”
(*) – See definition of Adjusted EBITDA on page 2. We are not providing a quantitative reconciliation of our Adjusted EBITDA outlook to the corresponding GAAP information because the GAAP measures that we
exclude from our Adjusted EBITDA outlook are difficult to predict and are primarily dependent on future uncertainties.

15. 15
Financial Overview
Long Term Growth Framework
 Return to 1.5M housing starts in
U.S. by 2018
 Mid single digit growth in RRR
market
 Mid single digit growth in non-
residential construction
 Flat housing market in Canada
 Decelerating growth in UK new
residential construction
 ~25% incremental margin on
volume
 Introduction of new products at
higher price points
 Drive consumers to higher mix
products
 Continued efforts to capture fair
value
 Tightening labor market
 Longer term materials cost
inflation
 Focus on increasing factory
productivity
Margin
Factors
Cost Factors
Volume
Leverage
Market Assumptions
Investment/Costs
Margin Enhancements
 Reduced SG&A leverage from
investments in:
 Electronic enablement
 IT systems
 Advertising/marketing
 Continued investments in R&D

16. 16
Financial Overview
Cash Flow Deployment
1) Fund working capital
3) Strategic acquisitions
4) Return cash to shareholders
Continue to target Net Working Capital of
12-15% of net sales
Acquisitions to enhance portfolio and
value-added service offerings
Opportunistic share repurchases
2) Invest in growth initiatives Investment in new products and
technology enablers (~3% of Net Sales)
Cash Priorities
Strong liquidity allows simultaneous execution across all layers

17. 17
2.1
1.9
0.0
1.0
2.0
3.0
4.0
5.0
Q1'15 Q2'15 Q3'15 Q4'15 Q1'16
Total Debt Net Debt
Financial Overview
Liquidity, Credit and Debt Profile
Leverage Ratios
Unrestricted Cash $50.0
Total Available Liquidity $206.6
Liquidity at April 3, 2016 (millions of USD)
TTM Adj. EBITDA^ $224.7
TTM Interest Expense $28.4
Total Debt $469.0
Net Debt $419.0
Coverage Ratios
Free Cash Flow*
($ in millions)
$48.9
$59.9
$86.9
$153.1
$0
$40
$80
$120
$160
$200
2012 2013 2014 2015
Target
total debt
leverage
ratio <3x
(^) – See appendix for non-GAAP reconciliations.
(*) – Free cash flow defined as Adjusted EBITDA less capex
7.9
5.6
0.0
3.0
6.0
9.0
Q1'15 Q2'15 Q3'15 Q4'15 Q1'16
Adj. EBITDA / Interest (Adj. EBITDA - Capex) / Interest

18. 18
Summary / Q&A
the beautifuldoor

19. 19
Summary
 Eighth consecutive quarter of >25% Adj. EBITDA growth
 Net sales increased 13% (+16% ex. Foreign exchange)
 Gross profit increased 34% and gross margin
expanded 320 basis points
 Adj. EBITDA increased 54% to $58 million
 Adj. EBITDA margin up 320 basis points to 11.9%
 Repurchased $16 million of company shares
1Q16 Highlights 2016 What’s Expected
 Deliver an unparalleled customer experience
 Continued impact from new product launches
 Expansion of MVantage and our lean operating
environment
 Solid U.S. macro environment
 Tightening labor market in North America
 Near term softness in UK housing; uneven housing
market in Canada
 Sale of South Africa business in process

20. the beautifuldoor
Appendix

21. 21
Reconciliation of Adjusted EBITDA to Net Income (loss) Attributable
to Masonite
Three Months Ended April 3, 2016
(In thousands)
North
American
Residential Europe Architectural
Corporate
& Other Total
Adjusted EBITDA $ 51,375 $ 10,118 $ 4,431 $ (7,683) $ 58,241
Less (plus):
Depreciation 7,920 2,076 2,507 2,067 14,570
Amortization 1,158 2,396 2,147 763 6,464
Share based compensation expense — — — 3,728 3,728
Loss (gain) on disposal of property, plant and
equipment 91 31 41 (31) 132
Restructuring costs — 21 — (2) 19
Interest expense (income), net — — — 7,232 7,232
Other expense (income), net — 71 — 715 786
Income tax expense (benefit) — — — 6,210 6,210
Loss (income) from discontinued operations, net of
tax — — — 188 188
Net income (loss) attributable to non-controlling
interest 838 — — 246 1,084
Net income (loss) attributable to Masonite $ 41,368 $ 5,523 $ (264) $ (28,799) $ 17,828
Three Months Ended March 29, 2015
(In thousands)
North
American
Residential Europe Architectural
Corporate
& Other Total
Adjusted EBITDA $ 29,347 $ 6,569 $ 4,030 $ (2,158) $ 37,788
Less (plus):
Depreciation 7,952 1,959 1,977 3,418 15,306
Amortization 1,307 922 2,028 754 5,011
Share based compensation expense — — — 2,379 2,379
Loss (gain) on disposal of property, plant and
equipment 213 14 44 (327) (56)
Restructuring costs 3 1,728 — 625 2,356
Interest expense (income), net — — — 11,753 11,753
Loss on extinguishment of debt — — — 28,046 28,046
Other expense (income), net — 83 — (1,267) (1,184)
Income tax expense (benefit) — — — 3,264 3,264
Loss (income) from discontinued operations, net of
tax — — — 229 229
Net income (loss) attributable to non-controlling
interest 938 — — 798 1,736
Net income (loss) attributable to Masonite $ 18,934 $ 1,863 $ (19) $ (51,830) $ (31,052)

22. 22
Three Months Ended
(In thousands)
April 3,
2016
March 29,
2015
Net income (loss) attributable to Masonite $ 17,828 $ (31,052)
Add: Loss on extinguishment of debt — 28,046
Tax impact of adjustments — —
Adjusted net income (loss) attributable to Masonite $ 17,828 $ (3,006)
Diluted earnings (loss) per common share attributable to Masonite ("EPS") $ 0.57 $ (1.03)
Diluted adjusted earnings (loss) per common share attributable to Masonite ("Adjusted
EPS") $ 0.57 $ (0.10)
Shares used in computing diluted EPS 31,371,956 30,056,085
Reconciliation of Adjusted Net Income (loss) Attributable to Masonite
to Net Income (loss) Attributable to Masonite

23. 23
the beautifuldoor