Trex Company Investor Presentation — August 2019

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August 2019Investor PresentationNYSE:TREXSafe Harbor / Non -GAAP Measures

2This presentation contains “forward -looking statements” within the meaning of

Section 27A of the Securities Act of 1933 and Section 21E of the Securities

Exchange Act of 1934. These statements are subject to risks and uncertainties that

could cause the Company’s actual operating results to differ materially from those

contemplated by the forward -looking statements. For further information on risk

factors affecting the Company’s business, please refer to our most recent annual and

quarterly reports filed with the U.S. Securities and Exchange Commission. The

Company expressly disclaims any obligation to update or revise publicly any forward -

looking statements, whether as a result of new information, future events or

This presentation refers to certain financial measures not prepared in accordance

with generally accepted accounting principles (GAAP), including adjusted net sales,

adjusted gross margin, adjusted earnings before interest, taxes, depreciation,

amortization (EBITDA), adjusted operating income, adjusted diluted earnings per

share (EPS), free cash flow, and net debt. We believe that the use of non -GAAP

measures helps investors to gain a better understanding of our core operating results

and future prospects, consistent with how management measures and forecasts the

Company’s performance, especially when comparing such results to previous periods

or forecasts. The non -GAAP measures included in this presentation are not meant to

be considered superior to or a substitute for our GAAP results. Reconciliations of the

non-GAAP measures to the most directly comparable GAAP measures are available

in the appendix to this presentation.

Environmental, Social and Governance (ESG)

3•Decking is made from 95% recycled content;

expansive recycling network

–Estimated annual recycled plastic film and reclaimed

wood fiber used: 800M + pounds per year

•Nearly all internally generated scrap products

from manufacturing operations are recycled

•A minimum of 50% of aluminum used is from

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