1

PGT, Inc.

Deutsche Bank 23rd Annual Leveraged Finance Conference

September 2015

Management Presenters

2

Brad West Chief Financial Officer

PGT is led by a strong and experienced management team

8 Executive Team Members – combined have over 100 years window experience

Jeff Jackson President

and

Chief Operating Officer

Joined PGT in 2005 as CFO and led the Company’s

IPO, appointed to EVP of Operations in 2008 and

subsequently appointed President and COO in 2014

25 years of operational and financial experience with

various Fortune 500 companies

Responsible for PGT’s strategic and operational results

Joined PGT in 2006, appointed CFO in 2014

23 years of financial and accounting experience

including 17 years of management experience in the

manufacturing organizations

Responsible for PGT’s Accounting and Finance

Departments as well as its Risk Management function

Forward-Looking Statements

From time to time, we have made or will make forward-looking statements within the meaning of Section 21E of the

Exchange Act. These statements do not relate strictly to historical or current facts. Forward-looking statements usually

can be identified by the use of words such as “goal”, “objective”, “plan”, “expect”, “anticipate”, “intend”, “project”,

“believe”, “estimate”, “may”, “could”, or other words of similar meaning. Forward-looking statements provide our

current expectations or forecasts of future events, results, circumstances or aspirations. Our disclosures in this report

contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We may

also make forward-looking statements in our other documents filed or furnished with the Securities and Exchange

Commission and in oral presentations. Forward-looking statements are based on assumptions and by their nature are

subject to risks and uncertainties, many of which are outside of our control. Our actual results may differ materially from

those set forth in our forward-looking statements. There is no assurance that any list of risks and uncertainties or risk

factors is complete. Factors that could cause actual results to differ materially from those described in our forward-

looking statements include, but are not limited to:

• Changes in new home starts and home remodeling trends

• The economy in the U.S. generally or in Florida, our primary market

• Raw material prices, especially aluminum

• Integration of CGI

• Transportation costs

• Level of indebtedness

• Dependence on our WinGuard branded product lines

• Product liability and warranty claims

• Federal and state regulations

• Dependence on our manufacturing facilities

Any forward-looking statements made by us or on our behalf speak only as of the date they are made and we do not

undertake any obligation to update any forward-looking statement to reflect the impact of subsequent events or

circumstances. Before making any investment decision, you should carefully consider all risks and uncertainties

disclosed in all our SEC filings, including our reports on Forms 8-K, 10-Q and 10-K and our registration statements under

the Securities Act of 1933, as amended, all of which are accessible on the SEC’s website at www.sec.gov and at

http://ir.pgtindustries.com/sec.cfm.

3

Introduction to PGT PGT is the leading manufacturer of impact-resistant windows and doors in Florida

Non-Impact-Resistant

19%

Impact-Resistant

81%

New Residential

Construction 40%

Residential Repair & Remodel

60%

PGT manufactures both impact-resistant products as

well as non-impact resistant products both in aluminum

and vinyl frames. Impact-resistant products represented

81% of our year to date in 2015. Non-impact products

represented 19% of sales.

PGT has the #1 position in the market for impact-

resistant windows and doors in Florida, and with the

recent acquisition of CGI, has approximately 60% of said

market.

New residential construction accounted for 40% of our

year to date sales growing 36% over last year while sales

into the repair and remodeling represented 60% of sales

growing 11%.

PGT operates manufacturing facilities in Venice, Florida,

including its new glass processing facility. With the

acquisition of CGI, PGT added manufacturing operations

in Miami, Florida, a leading impact-resistant product

market.

Key brands include WinGuard, Estate, Sentinel,

PremierVue, Eze-Breeze and EnergyVue

Founded in 1980 and is listed on NASDAQ (ticker: PGTI)

4

5

Q2 Highlights

5

• Sales of $101M, highest since 2006

• Significant margin improvement to 32.7% vs 32.0%

in Q2 of last year

• Adjusted EBITDA of $18.9M or 18.8%

• CapEx spend $4.9M

• Total employee count – 2,170

Nation’s Leader for Impact Resistant

Window and Doors

(1) as of TTM June 2015, Proforma for full year of CGI ~ $371M

$358M Revenue(1)

Market Leader 35-year History of Quality & Innovation

Nationally Recognized Brands

Pioneered Impact-Resistant Market

Strong Presence in Both New Construction

and Repair and Remodel

Superior Value Proposition Customer First

− 360-Degree Service Model

Premium Positioning

Highest Quality

In-House Glass Processing

Deliveries made by our trucks and drivers

Proven Management Team Over 100 collective years in Fenestration

Industry

− 46 years of financial, sales & operations

with various Fortune 500 companies

Positive EBITDA every quarter through Great

Recession

6

Industry Leadership

Overview of Industry Participants

Expertise in highly technical, time consuming and expensive regulatory

approval process

Entrenched relationship with dealers, architects and homebuilders

Embedded industry, product, and manufacturing expertise

Superior product performance, quality, features and customer service

Existing foothold within the largest U.S. impact-resistant window and door market

PGT’s leading position in the U.S. impact-resistant window and door market and its unrivaled designs and products enable the Company to consistently

deliver best-in-class solutions

Significant Barriers to Entry

Florida Fabricators

National Fabricators

7

Customers, Suppliers and End

Market Breakdown Customers and Suppliers

Highly diversified customer base that is comprised of approximately 1,100 window distributors, building supply distributors, window replacement dealers and enclosure contractors

Largest customer accounts for approximately 3.8% of net sales, and top ten customers account for approximately 20% of net sales

Sales are comprised of residential new construction and repair and remodeling end markets, which represented approximately 40% and 60% of PGT’s sales, respectively, during the second quarter of 2015. This compares to 38% and 62% in 2014.

The Company does not supply its products directly to homebuilders, but demand for its products is also a function of relationships with a number of national homebuilders, which are strong

PGT’s primary manufacturing materials include aluminum and vinyl extrusions, glass, and polyvinyl butyral. Although in many instances PGT has agreements with its suppliers, these agreements are generally terminable by either party on limited notice

All of the Company’s needed materials are typically readily available from other sources

PGT End Market Breakdown

54%

63%

73% 75% 76% 72%

68% 64%

60% 60%

46%

37%

27% 25% 24% 28%

32% 36%

40% 40%

0%

20%

40%

60%

80%

2007 2008 2009 2010 2011 2012 2013 2014 Q1 2015 Q2 2015

Repair and Remodeling New Construction 8

Comprehensive Product Offering

Windows and Doors Porch

Enclosures

Product Category WinGuard CGI Architectural

Systems PremierVue Vinyl Aluminum Eze-Breeze

PGT Branding

Product Description Impact-resistant windows and doors Combine heavy-duty frames (aluminum and vinyl) with special laminated glass

Impact-resistant windows and doors Estate, Sentinel, and Targa product lines

Heavy duty aluminum frame construction Designed for increased wind and water loads required for taller buildings

Newest product offering; heavy duty vinyl frame impact window for high end residential and commercial First R-5 impact window in the industry

Vinyl frame windows and doors Energy efficient product for any climate; meets 30/30 requirement of 09 ARRA

Aluminum frame windows and doors Target markets with warmer/humid climates due to strength and durability

Lighter-weight non-glass porch enclosure products Used for repair/remodel additions and enclosures

% of 2014 Proforma (1) Sales 62% 13% 2% 3% 7% 8% 4%

PGT offers premium brands across a diverse and comprehensive line of products

Impact-resistant sales increased as a percentage of total sales from 61% in 2005 to 81% 2015

9

% of Q2 Sales 60% 16% 2% 3% 7% 7% 5%

(1) 2014 Proforma sales include CGI sales prior to acquisition date

Investment Highlights

10

Why Invest in PGT?

• Market leader in attractive impact-resistant window and door market

Public peer-leading growth and margins

Diversified and loyal customer base

Flexible and Vertically-Integrated Manufacturing Capabilities & Technical Expertise

Well positioned for Florida market recovery

Competitive advantages

11

Market Leader in Attractive Impact-Resistant

Window and Door Market PGT is the leader in the impact-resistant window and door market

− Significantly greater market share than any competitors in our core Florida market

We believe there is significant opportunity in the impact-resistant window market

− Target market in hurricane-prone coastal states

− Increasingly stringent building codes and protocols

−Continued increase in awareness of benefits of impact-resistant windows and doors compared to shutters, etc.

Florida is PGT’s largest market accounting for approximately 88% of sales in FY 2014

* Impact protection required in Florida.

Impact-Resistant Market

12

Customer Intimate Company − Highly loyal customer base with over 1,000 partners

Brand Recognition − PGT WinGuard® is synonymous with impact-resistant windows &

doors

Industry Leading Service Model − World Class Capabilities & Services

Unprecedented Quality − Over 3.5 Million WinGuard® Units have been installed

› Zero (0) Reported Impact Failures

Superior Product Portfolio − Ranging from Niche to Commercial

− More Impact SKUs than any other manufacturer

− History of pioneering new products allows us to address continually

evolving customer needs

Training and accredited courses offered at PGT

University educate all constituents in the industry − Trained more than 40,000 customers, installers, architects and

building code officials

Key Competitive Advantages

13

14

Flexible and Vertically-Integrated Manufacturing

Capabilities and Technical Expertise

Vertically integrated manufacturing

In-house glass cutting, tempering, and laminating lowers costs / reduces lead-time

Synchronous flow manufacturing enables efficient production

Custom made-to-order products can be delivered in as little as 1-2 days

Consistent focus on continuous improvement drives manufacturing efficiencies

Recognized as industry expert / pioneer of impact-resistant windows

Actively involved in creation of standards / building codes

More Miami-Dade County Notice of Acceptances than any competitor

Complete in-house product design and testing

Le

ad

ing

Ma

nu

fac

turi

ng

C

ap

ab

ilit

ies

Le

ad

ing

Te

ch

nic

al

Ex

pe

rtis

e

14

Florida Single-Family Housing Starts (‘000s)

Well Positioned for Florida Housing

Market Recovery

(1) 20-year average represents 1988 – 2007 Source: Moody’s

20-year(1) average: 114

96 102

91 96 94 103 107 106 120 129

153 179

206

152

73

39 26 32 32 42 54 56 64 77

-10

40

90

140

190

240

1993 1994 2995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Single-family housing starts in Florida finished up 4% in 2014 at approximately 56,000 – Still early in the housing recovery cycle

Florida’s population, named 3rd most populated state in 2014, has supported housing starts well in excess of recent annual totals. Past averages suggest 110,000 starts mid-cycle.

15

Diversified and Loyal Customer Base

Across Multiple Distribution Channels

Top 10 customers represented

20% of 2014 sales

Largest customer represented

only 3.8% of 2014 sales

Highly loyal distribution base

Little turnover in top 10 customers despite

challenging home construction market

over past several years

A broad, diversified distribution network allows PGT to both effectively serve its large

customer base and maintain a significant barrier to entry

3rd Lami line installed in July

Additional glass plant equipment coming online within

the next 6 months

Diversified Loyal

Expansion

16

2015 Adj EBITDA Margin 2015 Q2 Gross Margin

Public Peer(1) Leading Growth and Margins

(1) Peer group includes Fortune Brands Home and Security, Masco, Masonite and Ply Gem Holdings

Peer Average Median

Peer Average Median

2015 Q2 Revenue Growth

Peer Average Median

24%

12%

32.7%

24.0%

18.8%

11%

17

Attractive Cash Flow Characteristics…

Capex as % of Sales Free Cash Flow Conversion: (EBITDA – Capex) / EBITDA

68.0%

82.0% 84.5%

80.0% 75.0%

85.4%

80.5%

49.2%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2007 2008 2009 2010 2011 2012 2013 2014

FCF

con

vers

ion

%

Average: 75.6%

$15M of capital outlay in 2013-2014 related to new glass plant

3.8%

2.1%

1.4%

1.8% 2.1%

2.2%

3.2%

6.3%

0%

1%

2%

3%

4%

5%

6%

7%

2007 2008 2009 2010 2011 2012 2013 2014 %

of

sale

s

Average: 2.9%

18

19

Pro Forma Capitalization ($ in thousands)

19

$ % X

EBITDA

$ % X

EBITDACash 43,672$ 47,487$

Term Loan A 200,000$ 198,500$

Total First Lien Debt 200,000$ 30.1% 3.8X 198,500$ 22.2% 3.1X

Market Capitalization 464,911 69.9% 696,151$ 77.8%

Total Capitalization 664,911$ 100.0% 894,651$ 100.0%

TTM EBITDA * 53,031$ 64,099$

Net Leverage 2.9X 2.3X

* TTM EBITDA is pro-forma EBITDA to include CGI. Excludes any adjustment for Synergies

As of September 2014 As of June 2015

APPENDIX

20

21

Financial Summary

Use of Non-GAAP Measures

This presentation includes financial measures and terms not calculated in accordance with generally accepted

accounting principles in the United States (GAAP). We believe that presentation of non-GAAP measures such

as adjusted net income, adjusted net income per share, EBITDA and adjusted EBITDA provides investors and

analysts with an alternative method for assessing our operating results in a manner that enables investors and

analysts to more thoroughly evaluate our current performance compared to past performance. We also

believe these non-GAAP measures provide investors with a better baseline for assessing our future earnings

potential. The non-GAAP measures included in this presentation are provided to give investors access to

types of measures that we use in analyzing our results.

Adjusted net income consists of GAAP net income adjusted for the items included in the accompanying

reconciliation. Adjusted net income per share consists of GAAP net income per share adjusted for the items

included in the accompanying reconciliation. We believe these measures enable investors and analysts to

more thoroughly evaluate our current performance as compared to the past performance and provide a better

baseline for assessing the company’s future earnings potential. However, these measures do not provide a

complete picture of our operations.

EBITDA consists of GAAP net income adjusted for the items included in the accompanying reconciliation.

Adjusted EBITDA consists of EBITDA adjusted for the items included in the accompanying reconciliation. We

believe that EBITDA and adjusted EBITDA provide useful information to investors and analysts about the

company’s performance because they eliminate the effects of period to period changes in taxes, costs

associated with capital investments and interest expense. EBITDA and adjusted EBITDA do not give effect to

the cash the company must use to service its debt or pay its income taxes and thus do not reflect the funds

generated from operations or actually available for capital investments.

Our calculations of adjusted net income, adjusted net income per share, EBITDA and adjusted EBITDA are not

necessarily comparable to calculations performed by other companies and reported as similarly titled

measures. These non-GAAP measures should be considered in addition to results prepared in accordance

with GAAP, but should not be considered a substitute for or superior to GAAP measures. Schedules that

reconcile adjusted net income, adjusted net income per share, EBITDA and adjusted EBITDA to GAAP net

income are included in the following financial schedules accompanying this presentation.

22

Historical Financial Summary Fiscal year

($ in millions)

2006 2007 2008 2009 2010 2011 2012 2013 2014

Q1

2015

Q2

2015

FL Single Family

Housing Starts

(000s)(1)

152 73 39 26 32 32 42 54 57 58 68

Total revenue $372 $278 $219 $166 $176 $167 $175 $239 $306 $95.3 $100.8

% growth 11.7% (25.1%) (21.5%) (24.0%) 5.9% (4.8%) 4.3% 37.1% 28.0% 51.9% 23.5%

Gross profit 142 91 68 44 50 39 60 80 93 31.0 32.9

% margin 38.1% 32.5% 31.1% 26.6% 28.5% 23.4% 34.2% 33.5% 30.3% 32.6% 32.7%

SG&A 86 77 63 52 54 49 47 55 56 17.7 16.8

% of sales 23.2% 27.5% 28.7% 31.1% 30.7% 29.0% 27.0% 22.8% 18.4% 18.6% 16.6%

Adjusted EBITDA(2) 73 33 25 15 16 14 26 38.8 46.3 16.2 18.9

% margin 19.6% 11.9% 11.5% 8.8% 9.0% 8.6% 14.9% 16.2% 15.1% 17.0% 18.8%

New construction and repair & remodeling accounted for 67% and 33% of FY2005 sales

as compared to 40% and 60% of Q1 2015 sales

(1) Independent third party source

(2) See GAAP reconciliation in appendix

23

24

Adjusted EBITDA Reconciliation Fiscal year

($ in millions)

2006 2007 2008 2009 2010 2011 2012 2013 2014

Q1

2015

Q2

2015

Net Income/(Loss) ($1) $1 ($163) ($9) ($15) ($17) $9 $27 $16 $6.7 $6.8

Depreciation and Amortization 16 16 17 16 15 14 12 11 6 2.3 2.6

Interest Expense 29 11 9 7 5 4 3 3 6 2.9 2.9

Income Tax Expense/(Benefit) 0 1 (29) (6) 0 (2) 0 (3) 10 3.7 6.3

EBITDA 43 29

(165) 8 6 (1) 25 38 38 15.6 18.6

Cash payment to Option Holders 27 - - - - - - - - - -

Impairment Charges 1 1 188 1 6 6 - - - - -

Management Fees 1 - - - - - - - - - -

Consolidation Charges - - - - 2 4 - - - - -

Manufacturing Inefficiencies - - - - - 4 - - 1 - -

Restructuring Charges - 2 2 5 - - - - - - -

Gain on Asset Sales - - - - - (1) - (2) - - -

Write-off Deferred Financing

Costs - - - - - 0 - - - - -

Secondary Offering & Debt

Refinancing related expenses - - - - - - - 2 - - -

Non-Cash Stock Compensation 0 2 1 1 2 2 1 1 - - -

Debt Extinguishment - - - - - - - - 3 - -

Ineffective Hedges - - - - - - - - 2 - -

CGI Acquisition - - - - - - - - 2 - -

New Product/Start Up Costs - - - - - - - - 0 0.6 0.3

Adjusted EBITDA 73 33 25 15 16 14 26 39 46 16.2 18.9

Adjusted EBITDA Reconciliation

24 24

25 25