1992 Wheatland Purchases Omega Tube And Conduit In LittleRock, Arkansas From Sumitomo Metals

2002 Wheatland Purchases Sawhill Tubular From AK Steel

2005 Atlas Purchases Maverick Tube’s HSS Business

2005 Atlas Purchases Copperweld Tube’s HSS Business

2006 Carlyle Purchases John Maneely Company

2006 John Maneely And Atlas Merge

2007 John Maneely Purchases Sharon Tube

JOHN MANEELY COMPANYJOHN MANEELY COMPANY

Houston, TX

Blytheville, AR

Chicago, IL (2)

Plymouth, MISharon, PA

Winnipeg

Niles, OH

Brookfield, OH

Sharon, PA

Collingswood, NJ

Cleveland, OH

Little Rock, AR Cambridge, OH

Warren, OH

Wheatland, PA (2)

Harrow, ON

Idled Facility

CONSOLIDATIONCONSOLIDATION

Harrow, Ontario

Chicago, Illinois

Blytheville, Arkansas

Plymouth, Michigan

Wheatland, Pennsylvania

Sharon, Pennsylvania

Cambridge, Ohio

Warren, Ohio

Niles, Ohio

Chicago, Illinois

JOHN MANEELY COMPANYJOHN MANEELY COMPANY

David SeegerChicago, IL

Bill KerinsSharon, PA

PRODUCTS AND APPLICATIONPRODUCTS AND APPLICATION

2.4 Million Annual Tons

Products Sizes Ranges (Nominal Pipe Sizes) Market Segments1/8" 1/4" 3/8" 1/2" 3/4" 1" 1-1/4" 1-1/2" 2" 2-1/2" 3" 4" 5" 6" 7" 8" - 16"

Standard Pipe                                 Air and Natural Gas Transmission

Extra Heavy                                 Air and Natural Gas Transmission

Electrical Metallic Tubing                                 Electrical

Intermediate Metal Conduit                                 Electrical

Galvanized Rigid Conduit                                 Electrical

Galvanized Fence                                 Commercial and Residential Fencing

Sprinkler Products                                 Plumbing and Fire Safety

Oil Country Tubular Goods                                 Oilfield Products

Hollow Structural Sections                                 Structural Tubing for Buildings

Coupling Stock                                 Couplings for Standard and Electrical

Mechanical Tubing                                 OEM Markets

ROUND/SHAPED PRODUCTSROUND/SHAPED PRODUCTS

HollowStructuralSections

Attributes

Advantages

End Markets

• Used in non-residential and other applications as a structural member including agricultural equipment, material handling equipment, trailers and foundations

• Increasing penetration into the construction market

• Shapes: Round, Square, Rectangle And Deep Rectangle• Sizes: 1.5” -16” Square And 1.25” – 20” Round; Typically Custom

Lengths• Other: Specialty Coatings (E.G., Epoxy coat) Used In Certain

Applications

• High strength-to-weight ratio• Clean appearance• Relatively low cost vs. other construction materials• Uniform tolerances• Excellent compressive properties• Torsional resistance• Clean surface and dimensions

• Construction: Vertical structural supports, roof trusses, piling, water well casing

• Fabrication: agricultural equipment, trailer hitches, railcar framework

• Other: pallet racking, highway signage and guardrails, roll-over protective structures

PRODUCT DESCRIPTIONSPRODUCT DESCRIPTIONSHOLLOW STRUCTURAL SECTIONS (“HSS”)

StandardPipe

ElectricalConduit

Fence Pipe and Tubing

Fire Sprinkler Pipe

Galvanized Mechanical Tube

Seamless

• Used In Plumbing, Heating, And Industrial Applications For Conveyance Of Fluids, Gas And Air Under Pressure

• Predominantly Used In Commercial And Industrial Construction Applications

• Galvanized Steel Conduit Products For The Encasement Of Electrical Wiring• Includes Rigid Steel Conduit (“RSC”), Electrical Metallic Tubing (“EMT”),

Intermediate Metal Conduit (“IMC”), And Electrical Fittings And Couplings • Predominantly Used In Commercial And Industrial Construction Applications

• Tubular Framework For Metal Fences (Which Supports The Chain Link Or Woven Wire Fence Body)

• Predominantly Used In Industrial, Commercial, And High Security Applications

• Unfinished Black Product Used To Transport Water To Sprinkler Heads For Fire Prevention

• Used In All Types Of Industrial, Commercial, Governmental, & Residential Buildings

• Used For A Variety Of Mechanical And Structural Purposes And Not Necessarily Designed To Carry Fluids Or Gases Under Pressure (E.G., Greenhouse Structures, Frame And Awning, Recreational Equipment, And Conveyor Tubing)

• Primarily Purchased By OEMs (E.G., Manufacturers Of Conveyors)

• High Pressure Fluid or Gas Applications

PRODUCT DESCRIPTIONSPRODUCT DESCRIPTIONSWHEATLAND/SHARON DIVISION

• One of the world’s largest private equity firms– Founded in 1987; headquartered in Washington, DC

– $86 billion of capital committed to 64 active funds

– Approximately 500 investment professionals

• Nearly 30% Managing Directors and Senior Advisors

• More than 50% outside US

– Large diversified investor base (>1,300 investors in 72 countries)

– Highest ethical and business standards

• Disciplined investment style with a proven track record– Conservative/low beta investment approach

– Significant amount “co-invested” (i.e., alongside limited partners) in our own funds

• “One Carlyle” approach: unique ability to leverage global capabilities– Deep experience in numerous industry sectors

– “On-the-ground” presence in over 20 countries around the world

– Significant back-office investment: systems, controls, and infrastructure

CARLYLE GROUP OVERVIEWCARLYLE GROUP OVERVIEW

Experience across numerous industry sectors, geographies and asset types

Committed capital as of June 30, 2009

Invested Buyout Capital by Industry

Asia16%

Europe25%

Americas59%

Total Committed Capital by Geography

Asset Types

Geog

rap

hie

s

Buyout

Infra-structur

eVenture/Growth

Real Estate

Levg’d Finance

US

Latin America

Europe

Japan

Non-JapanAsia

Middle East

CARLYLE GROUP CONT.CARLYLE GROUP CONT.

Los Angeles

ParisNew York

Washington, DC

London

Milan

Hong Kong

Tokyo

Munich

Singapore

Barcelona

Frankfurt

Seoul

Mumbai

Sydney

Beijing

Shanghai

Mexico City

Luxembourg

Denver

Charlotte, NC

Stockholm

DubaiCairo

Istanbul

Sao Paolo

Beirut

28 offices in 21 countries

Resources to help portfolio companies grow and source globally

Madrid

CARLYLE GROUP CONT.CARLYLE GROUP CONT.

• INTERNAL – Employees– Operations

• EXTERNAL– Customers– Suppliers

OPPORTUNITIESOPPORTUNITIES

INTERNAL

OPPORTUNITIES

• They are your most valuable asset

• Communicate• Empowerment• Compensation

EMPLOYEESEMPLOYEES

• Continuous improvement programs (CIPs)

• Focus on operating metrics• Net working capital

OPERATIONSOPERATIONS

EXTERNAL

OPPORTUNITIES

• What is a valuable customer?- Loyalty- Predictability- Profitability

CUSTOMERSCUSTOMERS

• Commitment• Quality• Delivery• Price

SUPPLIERSSUPPLIERS

• Eliminates Price Speculation• Reduces Capital Outlay • Lower Inventory• Significantly Lower Delivery Cycle• High Quality Product• Material Meets Buy American Act• Improvement Opportunities

Consistent Supplier Reduces Cost

VALUE OF BUYING DOMESTICVALUE OF BUYING DOMESTIC