Measure the height of the wall. Place a straight edge onto the polystyrene panel at the height it needs to be trimmed to, if necessary, and make a score mark across the panel with a sharp utility knife. Grasp the panel on both sides of the mark and bend the panel until it breaks on the mark.
Place the panel against the wall and note the location. Apply an S-shaped bead of construction adhesive on the wall where the panel will be placed.
Place the panel in position. Hold it firmly against the wall until the adhesive sets and the panel will not shift.
Continue applying panels until the wall is covered. Tape the seams between the panels with vinyl tape to stop leaks.