It's PVC vinyl; not rigid like PVC pipe. Sorry, I should have been more clear about that. It's fairly flexible, but the PVC layer does give it a little stiffness and the product is surprisingly heavy.
To wrap it around an overhead outside corner, I mitered it by cutting out the back layer of foam and a narrow strip of the PVC layer. I just butted all my inside corners together and sealed with the mylar seam tape that's included with each sheet. I put the overhead piece in first so the edges are supported by the vertical bulkhead pieces butted up to them.
Here is a better photo.
BTW, I wrapped all the bottom edges, and other exposed edges with the mylar tape before adhering the pieces in place so that there is no exposed foam to absorb water, fuel or oil spills.