- Masonite reported 3Q16 net sales of $489.6 million, up 3% from 3Q15. Adjusted EBITDA increased 29% to $65.1 million. - North American residential sales grew 11% due to strength in both retail and wholesale channels. Adjusted EBITDA margin expanded 210 bps. - Europe sales declined 11% from foreign exchange impacts, but adjusted EBITDA grew 34% driven by portfolio optimization and higher average selling prices. - Architectural sales grew 3% and adjusted EBITDA margin increased 110 bps from price increases. - The company remains focused on operational efficiencies, new product innovation, and digital strategies to support long-term growth

1. the beautifuldoor
November 2016
3Q16 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
our long term growth framework, housing and other markets, and the effects of our strategic initiatives. 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; the United Kingdom referendum to exit the European Union; 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. This definition of Adjusted EBITDA 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 EBITDA margin is defined as Adjusted EBITDA divided by Net Sales. Management believes this measure provides supplemental information on how successfully we operate our business.
Adjusted EPS for the quarter ended October 2, 2016 and September 27, 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
Quarterly Overview
the beautifuldoor

4. 4
Key Highlights
 2016 year to date incremental Adj. EBITDA margin* >40%
 2016 year to date net sales growth in NA Residential of 15%
 DSI business exhibiting strength despite uncertainty in UK
 Strategic focus to transform the Architectural business
 Recently opened Digital Innovation Center
 Solid progress on glide path to 2018 growth framework:
 Increasing volume and accelerated operating leverage
 Innovative new products and value-added services
 Fair value for products
 Driving operational efficiencies
(*) – See appendix for non-GAAP reconciliations

5. 5
Financial Overview
 Net sales +3% to $489.6 million
 8% increase excluding Fx and MAL
 Adj. EBITDA* +29% to $65.1 million
 10th consecutive quarter of double-digit
Adj. EBITDA* growth
 Adj. EBITDA margin* +270bps to 13.3%
 Adjusted EPS* increased 44%
 $44 million of shares repurchased
 14th consecutive quarter of AUP growth
 Interior vs. entry category growth rates
driving AUP change in NA & Europe
 NA Residential - 2%
 Europe +11%
 Architectural +5%
(*) – See appendix for non-GAAP reconciliations
3Q 2016 Highlights Continued AUP Growth
-4%
-2%
0%
2%
4%
6%
8%
10%
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
Q2'16
Q3'16

6. 6
Architectural Transformation
 Migration to common door chassis
 Product and specification optimization
 Rationalizing manufacturing footprint
 Improved ability to flex production
across multiple plants
Manufacturing
Footprint
Product
OptimizationBranding
ERP
Implementation
Unparalleled
Service
Compelling Product
Offering
Specify with
Confidence
 Announced closing of Algoma, WI
manufacturing facility
 Estimated annual cost savings of $5mm
 Estimated completion date by the end of
3Q17
 Estimated $4.8mm restructuring charge
Business Integration Strategies Manufacturing Footprint

7. 7
Digital Innovation
 Investing to improve the customer
experience
 Expanding our digital reach
 Developing digital tools
 Transforming go-to-market strategies
 Digital team in new office with open floor
plan and a focus on collaboration
Digital Innovation Center in Ybor City, Tampa, FLNew Digital Innovation Center

8. 8
Adj. EBITDA & Margin Trend
$1,964.9#
Adj. EBITDA Adj. EBITDA Margin
TTM Adj. EBITDA* of $249M; Adj. EBITDA Margin* up 730 bps since 2010
208%
2010 – 3Q16
Growth
$80.7 $82.0
$97.3
$105.9
$137.1
$204.2
$248.7
5.3% 5.5%
5.8%
6.1%
7.5%
10.9%
12.6%
2010 2011 2012 2013 2014 2015 3Q16 (TTM)
(*) – See appendix for non-GAAP reconciliations
+730bps

9. 9
the beautifuldoor
Financial Review

10. 10
 Strong growth in both retail and
wholesale channels
 Incremental Lowe’s business
performing ahead of expectations
 Stronger relative growth continues in
interior category vs. entry category
 New products supporting revenue
growth, particularly for interior doors
 New Heritage series designs
exceeding expectations
3Q 2016 Highlights
Segment Overview – North American Residential
($ in millions) 3Q16 3Q15 Diff
Net Sales $337.7 $304.2 +11%
Adj. EBITDA $55.6 $43.9 +27%
Margin 16.5% 14.4% +210bps

11. 11
Segment Overview – Europe
 Net sales increased 2%, excluding Fx
 Adj. EBITDA* +34% driven by 2015
portfolio optimization and higher AUP
 Double digit growth at DSI
 Brexit-related uncertainty driving
some slowdown in new residential
construction activity in 3Q
 UK government initiatives targeted to
help housing market
3Q 2016 Highlights
(*) – See appendix for non-GAAP reconciliations
($ in millions) 3Q16 3Q15 Diff
Net Sales $70.0 $78.4 -11%
Adj. EBITDA $7.9 $5.9 +34%
Margin 11.3% 7.6% +370bps

12. 12
Segment Overview – Architectural
 Double digit Adj. EBITDA* growth and
110 bps margin expansion
 1H16 price increase beginning to
positively impact AUP
 2Q ERP implementation / operational
inefficiencies contributed to soft volume
- - back on track by end of Q3
3Q 2016 Highlights
(*) – See appendix for non-GAAP reconciliations
($ in millions) 3Q16 3Q15 Diff
Net Sales $76.6 $74.1 +3%
Adj. EBITDA $7.2 $6.1 +18%
Margin 9.4% 8.3% +110bps

13. 13
3Q16 Consolidated P&L Metrics
Net Sales
Gross Profit
Gross Profit %
SG&A
SG&A %
Adj. EBITDA*
Adj. EBITDA %*
Adj. EPS*
3Q16
$489.6
$103.8
21.2%
$63.0
12.9%
$65.1
13.3%
$0.89
3Q15
$475.7
$87.5
18.4%
$59.6
12.5%
$50.5
10.6%
$0.62
B/(W)
+2.9%
+18.6%
+280 bps
(5.7%)
(40 bps)
+28.9%
+270 bps
+$0.27
($ in millions)
(*) – See appendix for non-GAAP reconciliations

14. 14
Liquidity, Credit and Debt Profile
Credit & Debt (millions of USD)
TTM Adj. EBITDA $248.7 $185.1
TTM Interest Expense $28.3 $36.2
Total Debt $470.7 $472.6
Net Debt* $422.3 $403.6
3Q16 3Q15
9 months ended
10/2/2016
9 months ended
9/27/2015
Unrestricted cash $48.4 $69.0
Total available liquidity $212.9 $206.1
Cash flow from operations $91.9 $93.4
Capital expenditures $57.9 $31.1
Share repurchases $90.2 NA
Liquidity & Cash Flow (millions of USD)
(*) – Net debt equals total debt less unrestricted cash

15. 15
2016 Viewpoints
 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 products driving higher AUP
 Favorable commodities market
 Tightening labor market in U.S.
 Increased hiring costs
 Lower productivity from recent
employee hires
 “Brexit” causing uncertainty in UK
housing market
 Weak currencies including GBP and
MXP negatively impacting input costs
Tailwinds Headwinds

16. 16
10.9%
0%
5%
10%
15%
20%
25%
2015 2018
$1.9
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
2015 2018
Long Term Growth Framework
Net Sales
($ in billions)
Adjusted EBITDA* Margin
7% - 10%
CAGR
14% - 15%
Note: 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.
YTD +8% YTD 12.9%

17. 17
Summary / Q&A
the beautifuldoor

18. 18
Masonite’s Profitable Growth Agenda
 Market Recovery
 Optimized Portfolio
 Leveraging Improved Cost
Structure & Capabilities
 Unparalleled Customer Experience
 New product innovation
 Digital innovation in routes to
market
 MVantage Lean Enterprise
 Automation, Efficiency, Speed,
Simplicity
Structural Tailwinds
Strategic Focus

19. 19
Summary
 Net sales +3% (+5% ex. Fx)
 Gross margin expanded 280 bps
 Adj. EBITDA* +29% to $65.1 million
 Adj. EBITDA margin* +270 bps to 13.3%
 Solid U.S. macro environment
 Continued uncertainty in UK post-Brexit
 Focus on operational efficiencies to help
mitigate tightening NA labor market
 Benefit from new product launches
3Q 2016 Highlights FY 2016 Drivers
(*) – See appendix for non-GAAP reconciliations

20. the beautifuldoor
Appendix

21. 21
Appendix
Segment Sales Walk
3Q15 Net Sales
Forex
Volume*
AUP
Other
3Q16 Net Sales
NA Residential
$304.2
($1.5)
$40.2
($5.2)
--
$337.7
Europe
$78.4
($9.6)
($4.9)
$8.5
($2.4)
$70.0
Architectural
$74.1
--
($2.2)
$3.8
$0.9
$76.6
C&O
$19.0
--
($13.3)
--
($0.4)
$5.3
($ in millions)
+12% ex Fx +2% ex Fx +3% ex Fx
(*) – Includes the incremental impact of recent acquisitions and dispositions
Reflects sale of S.
Africa

22. 22
Appendix
Reconciliation of Adj. EBITDA to Net Income (loss) Attributable to Masonite
(In thousands)
North
American
Residential Europe Architectural
Corporate &
Other Total
Adjusted EBITDA 55,648$ 7,933$ 7,229$ (5,703)$ 65,107$
Less (plus):
Depreciation 7,666 1,952 2,242 2,135 13,995
Amortization 1,130 2,283 2,015 789 6,217
Share based compensation expense - - - 3,412 3,412
Loss (gain) on disposal of property, plant and equipment 552 142 4 - 698
Restructuring costs - - - 215 215
Loss(gain) on disposal of subsidiaries - - - (5,144) (5,144)
Interest expense (income), net - - - 6,985 6,985
Other expense (income), net - 53 - (1,252) (1,199)
Income tax expense (benefit) - - - 6,526 6,526
Loss (income) from discontinued operations, net of tax - - - 236 236
Net income (loss) attributable to non-controlling interest 926 - - 231 1,157
Net income (loss) attributable to Masonite 45,374$ 3,503$ 2,968$ (19,836)$ 32,009$
Net Sales to external customers $337,713 $70,040 $76,578 $5,316 $489,647
Adjusted EBITDA margin 16.5% 11.3% 9.4% nm 13.3%
(In thousands)
North
American
Residential Europe Architectural
Corporate &
Other Total
Adjusted EBITDA 43,885$ 5,941$ 6,141$ (5,455)$ 50,512$
Less (plus):
Depreciation 7,683 2,107 2,081 2,683 14,554
Amortization 1,261 2,208 2,015 774 6,258
Share based compensation expense - - - 1,490 1,490
Loss (gain) on disposal of property, plant and equipment 213 14 59 5 291
Restructuring costs 2 219 - 918 1,139
Asset impairment - 9,439 - - 9,439
Loss(gain) on disposal of subsidiaries - 29,721 - - 29,721
Interest expense (income), net - - - 7,179 7,179
Other expense (income), net - 77 - (1,797) (1,720)
Income tax expense (benefit) - - - (2,510) (2,510)
Loss (income) from discontinued operations, net of tax - - - 192 192
Net income (loss) attributable to non-controlling interest 696 - - 66 762
Net income (loss) attributable to Masonite 34,030$ (37,844)$ 1,986$ (14,455)$ (16,283)$
Net Sales to external customers $304,158 $78,403 $74,114 $18,975 $475,650
Adjusted EBITDA margin 14.4% 7.6% 8.3% nm 10.6%
Three Months Ended October 2, 2016
Three Months Ended September 27, 2015

23. 23
Appendix
Reconciliation of Adj. EBITDA to Net Income (loss) Attributable to Masonite
(In thousands)
October 2,
2016
July 3,
2016
April 3,
2016
January 3,
2016
September 27,
2015
June 28,
2015
March 29,
2015
December 28,
2014
Adjusted EBITDA 65,107$ 68,516$ 58,241$ 56,840$ 50,512$ 59,057$ 37,788$ 37,722$
Less (plus):
Depreciation 13,995 14,813 14,570 14,890 14,554 14,410 15,306 14,798
Amortization 6,217 6,518 6,464 7,481 6,258 4,975 5,011 5,549
Share based compensation expense 3,412 4,782 3,728 6,261 1,490 3,106 2,379 2,270
Loss (gain) on disposal of property, plant
and equipment 698 260 132 786 291 350 (56) 1,457
Restructuring costs 215 (103) 19 1,195 1,139 988 2,356 (57)
Asset impairment — — — — 9,439 — — 18,202
Loss (gain) on disposal of subsidiaries (5,144) (1,431) — 30,263 29,721 — — —
Interest expense (income), net 6,985 6,933 7,232 7,165 7,179 6,787 11,753 10,491
Loss on extinguishment of debt — — — — — — 28,046 —
Other expense (income), net (1,199) (801) 786 1,782 (1,720) (635) (1,184) (1,670)
Income tax expense (benefit) 6,526 2,855 6,210 (599) (2,510) 15,013 3,264 1,131
Loss (income) from discontinued
operations, net of tax 236 184 188 247 192 240 229 194
Net income (loss) attributable to non-
controlling interest 1,157 1,151 1,084 1,583 762 381 1,736 1,724
Net income (loss) attributable to Masonite 32,009$ 33,355$ 17,828$ (14,214)$ (16,283)$ 13,442$ (31,052)$ (16,367)$
Three Months Ended

24. 24
Appendix
Reconciliation of Adj. Net Income (loss) Attributable to Masonite to Net
Income (loss) Attributable to Masonite
(In thousands) October 2, 2016 September 27, 2015 October 2, 2016 September 27, 2015
Net income (loss) attributable to Masonite 32,009$ (16,283)$ 83,192$ (33,893)$
Add: Asset impairment - 9,439 - 9,439
Add: Loss (gain) on dispoal of subsidiaries (5,144) 29,721 (6,575) 29,721
Add: Loss on extinguishment of debt - - - 28,046
Tax impact of adjustments 737 (3,248) 737 (3,248)
Adjusted net income (loss) attributable to Masonite 27,602$ 19,629$ 77,354$ 30,065$
Diluted earnings (loss) per common share attributable to Masonite ("EPS") 1.03$ (0.54)$ 2.66$ (1.12)$
Diluted adjusted earnings (loss) per common share attributable to Masonite
("Adjusted EPS") 0.89$ 0.62$ 2.47$ 0.95$
Shares used in computing diluted EPS 31,173,776 30,351,707 31,257,009 30,218,023
Incremental shares issuable under share compensation plans and warrants - 1,381,610 - 1,405,923
Shares used in computing diluted Adjusted EPS 31,173,776 31,733,317 31,257,009 31,623,946
Three Months Ended Nine Months Ended

25. 25
the beautifuldoor