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Investor Presentation August 2011

2011 August Investor Presentation

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Page 1: 2011 August Investor Presentation

Investor PresentationAugust 2011

Page 2: 2011 August Investor Presentation

During the course of this presentation, we may make projections orother forward-looking statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995.

We wish to caution you that such statements reflect only our currentexpectations, and that actual events or results may differ materiallydue to changes in global economic, business, competitive, market andregulatory factors.

More detailed information about these factors is contained in thedocuments that the Company files from time to time with theSecurities and Exchange Commission. We undertake no obligation toupdate such projections or such forward-looking statements in thefuture.

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Forward Looking Statements

Page 3: 2011 August Investor Presentation

• Founded in 1917 in Carlisle, PA• Organized in 5 reporting segments• Derive ~18% of our sales from Global Markets• Produce ~54% 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

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Page 4: 2011 August Investor Presentation

Commercial83%

Non Roofing13%

Residential4%

End MarketRevenue

U.S.

OEM Aftermarket

Carlisle Construction Materials

0% 25% 50% 75% 100%

International

4

Aftermarket

Page 5: 2011 August Investor Presentation

Construction7%

Power Sports / Recreation

36%Lawn & Garden

37%

Agriculture14%

Other6%

U.S. International

0% 25% 50% 75% 100%

Aftermarket

Carlisle Transportation Products

End MarketRevenue

5

OEM

Page 6: 2011 August Investor Presentation

Construction35%

Mining19%

Aerospace13%

On-highway6%

Agriculture10%

Other Industrial

17%OEM

U.S.

Carlisle Brake & Friction

End MarketRevenue 0% 25% 50% 75% 100%

Aftermarket

International

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Page 7: 2011 August Investor Presentation

OEM

U.S.

0% 25% 50% 75% 100%

Aftermarket

International

Carlisle Interconnect Technologies

End MarketRevenue

Commercial Aerospace

68%

Military16%

Test & Measurement

5% Other11%

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Page 8: 2011 August Investor Presentation

Foodservice59%

Healthcare29%

Jan/San12%

OEM Aftermarket

U.S. International

0% 25% 50% 75% 100%

Carlisle FoodService Products

End MarketRevenue

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Aftermarket

Page 9: 2011 August Investor Presentation

2011 Q2 YTD Sales $1,564.4 Million

2011 Q2 YTD EBIT$140.6 Million

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Sales & EBIT

Construction Materials

42%

Transportation Products

26%

Interconnect Technologies

9%

FoodService Products

8%

Brake and Friction15%

Construction Materials

44%

Transportation Products

13%

Interconnect Technologies

13%

FoodService Products

7%

Brake and Friction23%

Page 10: 2011 August Investor Presentation

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LC, $31

Drawn, $100

$369

$0

$100

$200

$300

$400

$500

2012 2016 2018 2020

Available Under Revolver at

6/30/11

IRB & OtherSenior Notes

$149M

Senior Notes

$249M

Debt Maturity ScheduleIn millions

Commentary

Cash on Hand of $99M

Revolving Credit Facility availability of $369M

Acquisition of PDT in Germany for €80M funded with cash on hand and revolver

Debt to Cap ratio of 26%

Debt to EBITDA of 1.5

Strong Balance Sheet

Page 11: 2011 August Investor Presentation

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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: 2011 August Investor Presentation

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

• Secured long-term financing by issuing $250 million 5.125% bonds on December 9, 2010

• Acquired PDT on August 1, 2011 for €80 million

Actions strengthen platform for long-term earnings growth

Strategic Actions

Page 13: 2011 August Investor Presentation

• 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 in 2011 and 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: 2011 August Investor Presentation

SolarCurrent Return Network

New Products

R&D to Grow SalesWind Energy Solutions

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Page 15: 2011 August Investor Presentation

Brakes

Agriculture Tires

Aerospace Assemblies

Global Expansion to Grow Sales

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Page 16: 2011 August Investor Presentation

+Creates a global leader in braking solutions

Most Recent Acquisition

Acquisitions to Grow Sales

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+Creates a global leader in single-ply roofing solutions

Page 17: 2011 August Investor Presentation

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