(Note: Specialty Building Products, Inc. withdrew its IPO plans in an SEC filing dated Feb. 8, 2023. The S-1 was filed on Jan. 3, 2022. The company had not updated its prospectus since April 2022.) 

We believe we are the largest and fastest-growing distributor of branded specialty building products in the United States. Since 2010, we have grown revenues at an approximate compound annual growth rate (“CAGR”) of 28.6% and transformed our business into a national distribution platform with 38 locations serving 42 states and all provinces in Canada. We serve a critical role and function in the residential building products supply chain and provide value-added services across our footprint. We focus on high growth, specialty product categories including composite decking and railing, exterior siding, exterior trim, weather resistant barriers, moulding, specialty doors and engineered wood products, and many of our products are benefiting from long-term secular growth trends such as investment in outdoor living spaces, material substitution and architectural design. Our products are primarily used in the residential housing market, with balanced exposure across repair and remodel (“R&R”) and new construction markets. As of January 2, 2022, we offered our comprehensive portfolio of over 50,000 stock keeping units (“SKUs”) to more than 24,000 customer locations including national, regional and local professional dealers, home improvement retailers and other providers of building products. Our suppliers include many of the leading consumer and trade branded products in the building products industry. Based on management estimates, we believe we are nearly three times the size of our largest competitor. In addition, we are a values-based organization and have a well-established reputation in the industry.

We serve as a critical link in the building products supply chain, connecting over 400 suppliers to more than 24,000 customer locations. Over our history, we have developed strong, trusted relationships with our customers and suppliers as a result of our ability to navigate complex supply chains, which often consist of high SKU counts, long lead times, large minimum order quantities, and just-in-time delivery requirements of bulky and cumbersome items. We have leveraged our scale, market leadership, and geographic and customer reach to secure distribution rights for products from many leading suppliers. In pro forma fiscal year 2021, approximately 84% of our sales were from products for which we had formal or practical exclusivity. This includes suppliers with leading consumer brands such as Trex, LP SmartSide and James Hardie, where we have established leading share positions across many of our markets. We believe we are the largest supplier of Trex composite decking and railing and LP SmartSide products in the geographic markets in which we operate. Since we established our relationship with Louisiana Pacific in 2017, we have grown our LP SmartSide net sales at a CAGR of approximately 177%, from approximately $4 million in 2017 to approximately $209 million in 2021. Our growing partnership with Trex is an example of the strength of our service offering, geographic breadth, and customer reach as we have displaced under-performing competitors in a broad distribution territory. As a result, from 2017 to 2021, our net sales attributable to Trex products increased at a CAGR of approximately 36%, from approximately $98 million in 2017 to approximately $339 million in 2021, and we believe we have significant runway for future growth.

**Note: Revenue and net income figures are for the year ended Jan. 2, 2022.