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Investor Presentation June 2011
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Carlisle Investor Presentation June 2011

Aug 23, 2014

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Page 1: Carlisle Investor Presentation June 2011

Investor Presentation June 2011

Page 2: Carlisle Investor Presentation June 2011

During the course of this presentation, we may make projections or

other forward-looking statements within the meaning of the Private

Securities Litigation Reform Act of 1995.

We wish to caution you that such statements reflect only our current

expectations, and that actual events or results may differ materially

due to changes in global economic, business, competitive, market and

regulatory factors.

More detailed information about these factors is contained in the

documents that the Company files from time to time with the

Securities and Exchange Commission. We undertake no obligation to

update such projections or such forward-looking statements in the

future.

2

Forward Looking Statements

Page 3: Carlisle Investor Presentation June 2011

• Founded in 1917 in Carlisle, PA

• Organized in 5 reporting segments

• Derive ~15% of our sales from Global Markets

• Produce ~65% of revenue from aftermarket

• Manufacture and distribute in 75 facilities worldwide

– 63 in North America

– 7 in China

– 1 in Japan

– 4 in Europe

Carlisle Overview

3

Page 4: Carlisle Investor Presentation June 2011

Non Roofing

10%

Residential

5%

Commercial

85%

End Market Revenue

U.S.

OEM Aftermarket

Carlisle Construction Materials

0% 25% 50% 75% 100%

International

4

Page 5: Carlisle Investor Presentation June 2011

Construction6%

Power Sports / Recreation

36%

Lawn & Garden

37%

Agriculture13%

Other8%

OEM

U.S. International

0% 25% 50% 75% 100%

Aftermarket

Carlisle Transportation Products

End Market Revenue

5

Page 6: Carlisle Investor Presentation June 2011

Construction

35%

Mining19%

Aerospace

13%

On-highway6%

Agriculture10%

Other

Industrial17%

OEM

U.S.

Carlisle Brake & Friction

End Market Revenue 0% 25% 50% 75% 100%

Aftermarket

International

6

Page 7: Carlisle Investor Presentation June 2011

OEM

U.S.

0% 25% 50% 75% 100%

Aftermarket

International

Carlisle Interconnect Technologies

End Market Revenue

Military

18%

Commercial

Aerospace

80%

Test &

Measurement

2%

7

Page 8: Carlisle Investor Presentation June 2011

Healthcare

33%

Jan/San

12%

FoodService

55%

OEM Aftermarket

U.S. International

0% 25% 50% 75% 100%

Carlisle FoodService Products

End Market Revenue

8

Page 9: Carlisle Investor Presentation June 2011

1Q 2011 Sales

$694 Million

1Q 2011 EBIT

$55.2 Million

9

Sales & EBIT

Construction Materials

36%

Transportation Products

30%

Interconnect Technologies

10%

FoodService Products

8%

Brake & Friction16%

Construction Materials

27%

Transportation Products

23%Interconnect Technologies

14%

FoodService Products

8%

Brake & Friction 28%

Page 10: Carlisle Investor Presentation June 2011

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LC, $31

Drawn, $110

$359

$0

$100

$200

$300

$400

$500

2012 2016 2018 2020

Available Under Revolver at

3/31/11

IRB & OtherSenior Notes

$149M

Senior Notes

$249M

Debt Maturity Schedule

In millions

Commentary

Cash on Hand of $104M

Revolving Credit Facility

availability of $359M

Hawk 8.75% senior unsecured

notes of $57M face amount

redeemed Jan 2011 for $59M

Debt to Cap ratio of 27%

Debt to EBITDA of 1.7

Strong Balance Sheet

Page 11: Carlisle Investor Presentation June 2011

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5, 15, 30, 15, 15 Strategy

• $5 billion in sales

• 15% EBIT margins

• 30% of revenue outside US

• 15% ROIC

• 15% working capital as a % of sales

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Page 12: Carlisle Investor Presentation June 2011

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• Sold Johnson Truck Bodies and Trail King

• Completed the integration of Carlisle, Heflin and Buji tire

plants into Jackson, Tennessee

• Acquired Hawk on December 1, 2010 for $414 million

• Secured long-term financing by issuing $250 million

5.125% bonds on December 9, 2010

Actions strengthen platform for long-term earnings growth

2010 Strategic Actions

Page 13: Carlisle Investor Presentation June 2011

• Created Carlisle Operating System (COS) based on Lean

and Six Sigma techniques to improve operations

- Eliminate waste in production and business processes

- Increase velocity, improve manufacturing efficiencies and

reduce inventory

• Generated annualized savings of $25 million in 2010

• Expect $20 million additional savings through 2012

• Reduced manufacturing and warehouse space by 2.7

million square feet (18%) while increasing capacity

Annual operating expense reduction estimated to be over $70 million

Carlisle Operating System

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Page 14: Carlisle Investor Presentation June 2011

Solar Current Return Network

New Products

R&D to Grow Sales Wind Energy Solutions

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Page 15: Carlisle Investor Presentation June 2011

Brakes

Agriculture Tires

Aerospace Assemblies

Global Expansion to Grow Sales

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Page 16: Carlisle Investor Presentation June 2011

+

Creates a global leader in braking solutions

Most Recent Acquisition

Acquisitions to Grow Sales

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Page 17: Carlisle Investor Presentation June 2011

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