Lowe's

Lowe s expects to finance the acquisition through a combination of short-term and long-term debt and intends to maintain its current credit ratings.

SEC original ↗Lowe's — Earnings release (8-K exhibit)EX-99Aug 20, 2025

Forward-looking statements 2 We refer to certain non-GAAP financial measures in this presentation, including: Lease Adjusted Debt to EBITDAR (Leverage).

SEC original ↗Lowe's — Presentation / slide deck (8-K exhibit)EX-99Aug 20, 2025

Lowe s believes the ratio of Lease Adjusted Debt to EBITDAR is a useful supplemental measure and provides an indication of the results generated by Lowe s in relation to its level of indebtedness.

SEC original ↗Lowe's — Presentation / slide deck (8-K exhibit)EX-99Aug 20, 2025

Lowe s defines EBITDAR as four quarters' earnings before interest, taxes, depreciation, amortization, share-based payments, rent (inclusive of interest on operating leases), and certain items as defined by Lowe s credit facility.

SEC original ↗Lowe's — Presentation / slide deck (8-K exhibit)EX-99Aug 20, 2025

Lowe s defines Lease Adjusted Debt as short-term debt, current maturities of long-term debt, long-term debt excluding current maturities, and operating lease liabilities reflected on our balance sheet.

SEC original ↗Lowe's — Presentation / slide deck (8-K exhibit)EX-99Aug 20, 2025

A quantitative reconciliation of the Lease Adjusted Debt to EBITDAR to the most directly comparable GAAP measure cannot be provided without unreasonable efforts because certain items may have not yet occurred or are out of Lowe s or Foundation Building Materials control and/or cannot be reasonably predicted.

SEC original ↗Lowe's — Presentation / slide deck (8-K exhibit)EX-99Aug 20, 2025

ET Release LOWE S ANNOUNCES AGREEMENT TO ACQUIRE FOUNDATION BUILDING MATERIALS, A LEADING NORTH AMERICAN DISTRIBUTOR OF INTERIOR BUILDING PRODUCTS --Enhances offering for Pro customers --Increases Pro Penetration 1 -- --Positions Company for Long-Term Sustainable Sales Growth and Profit Expansion-- MOORESVILLE, N.

SEC original ↗Lowe's — Earnings release (8-K exhibit)EX-99Aug 20, 2025

FBM is expected to accelerate Lowe s Total Home strategy by enhancing its offering to Pro customers through expanded capabilities, faster fulfillment, improved digital tools, a robust trade credit platform, and significant cross-selling opportunities between FBM and Lowe s as well as the recently acquired Artisan Design Group.

SEC original ↗Lowe's — Earnings release (8-K exhibit)EX-99Aug 20, 2025

It allows us to serve the large Pro planned spend within a $250 billion total addressable market and aligns perfectly with our Total Home strategy.

SEC original ↗Lowe's — Earnings release (8-K exhibit)EX-99Aug 20, 2025

, Lowe s supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need.

SEC original ↗Lowe's — Earnings release (8-K exhibit)EX-99Aug 20, 2025

Statements including words such as believe , expect , anticipate , plan , desire , project , estimate , intend , will , should , could , would , may , strategy , potential , opportunity , outlook , scenario , guidance , and similar expressions are forward-looking statements.

SEC original ↗Lowe's — Earnings release (8-K exhibit)EX-99Aug 20, 2025

Such statements involve risks and uncertainties, and we can give no assurance that they will prove to be correct.

SEC original ↗Lowe's — Earnings release (8-K exhibit)EX-99Aug 20, 2025

Investors and others should carefully consider the foregoing factors and other uncertainties, risks and potential events including, but not limited to, those described in Item 1A - Risk Factors in our most recent Annual Report on Form 10-K and as may be updated from time to time in Item 1A in our quarterly reports on Form 10-Q or other subsequent filings with the SEC.

SEC original ↗Lowe's — Earnings release (8-K exhibit)EX-99Aug 20, 2025

Investors and others should carefully consider the foregoing factors and other uncertainties, risks and potential events including, but not limited to, those described in "Item 1A - Risk Factors" in our most recent Annual Report on Form 10-K and as may be updated from time to time in Item 1A in our quarterly reports on Form 10-Q or other subsequent filings with the SEC.

SEC original ↗Lowe's — Presentation / slide deck (8-K exhibit)EX-99Aug 20, 2025