Trex (TREX) Investor Presentation - Slideshow

Company Overview and Strategy - Trex is a leader in outdoor living products, emphasizing sustainable product innovation and driving conversion from wood [5] - The company's strategic growth drivers include leveraging the Trex brand, expanding reach, optimizing operations, and capital allocation [9, 10, 11] - Trex is expanding its production capacity with a new site in Little Rock, AR, slated to begin production in mid-2024 [15] - The company focuses on cost reduction and continuous improvement initiatives through automation, modernization, energy utilization, and material processing [17] Market and Product Expansion - The core market size for decking and railing is $8 billion and growing [19] - Composite decking market share for 2021 was approximately 25%, an increase of over 200 basis points compared to 2020 [14] - Trex is expanding internationally, with 61% year-over-year growth and sales in 42 countries outside the U S [14] - Trex is launching the next generation of Transcend decking with refined aesthetics and enhanced performance features [7] Financial Performance and Capital Allocation - Trex has shown strong double-digit revenue growth [51] - The company has allocated over $450 million in capital expenditures since 2016 [49] - Trex has repurchased $425 million in shares over the past 10 years, including $74 million in FY21 and $75 million in Q1'22 [49]