February 2, 2012

4th Quarter 2011

During the course of this presentation, we may make projections or otherforward-looking statements within the meaning of the Private SecuritiesLitigation Reform Act of 1995.

We wish to caution you that such statements reflect only our currentexpectations, and that actual events or results may differ materially dueto 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 the Securitiesand Exchange Commission. We undertake no obligation to update suchprojections or such forward-looking statements in the future.

2

Forward Looking Statements

Net sales up 26% Organic sales up 13% Continued solid growth at Brake &

Friction, Construction Materials and Interconnect Technologies

$81M, or 13%, in sales from Hawk, PDT & Tri-Star acquisitions

EBIT Margin of 6.7% Selling Price / Raw Material parity at

CCM Positive impact on EBIT margin from

Hawk acquisition Charges for Acquisitions of $4.2M in

Q4 ‘11 versus $14.2M in Q4 ‘10 for Hawk

Acquired Tri-Star on December 2, 2011

Highlights of Q4 2011

3

Financial Summary

Strong sales and earnings improvement

In Millions, except per share amounts Q4 '11 Q4 '10 ∆

Net Sales 789.6$ 626.9$ 26%

Earnings Before Interest and Income Taxes (EBIT) 52.7 26.8 97%

EBIT Margin 6.7% 4.3% 240 bps

Income from Continuing Operations, Net of Tax 39.5 21.9 80%

Continuing Operations Diluted Earnings per Share 0.63$ 0.35$ 80%

$626.9

$789.6

300

400

500

600

700

800

900

1,000

Q4 '10 Price Volume / Oth Acq F/X Q4 '11

$ in M

illions

Sales Bridge

4

26% Sales Growth: 13% Organic, 13% Acquisition

Organic +13.1%

+12.9% 0%

+6.8% +6.3%

Organic by SegmentConstruction 18%Transportation 5%Brake & Friction 15%Interconnect 20%FoodService -5%

Margin Bridge

5

Positive impact from acquisitions, volume and COSOperating improvements at CTP

EBIT: $26.8 Million EBIT: $52.7 Million97% growth

* Difference in acquisition related costs, 2011 v. 2010

4.3%

6.7%

1.3%

1.2%

0.6% 0.4%

0.1%

‐1.2%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%Q4 '10 Net Charges * Acq Volume COS Other Net Price / RM Q4 '11

EBIT

Mar

gin

Carlisle Construction MaterialsQ4 2011 Results

Sales growth of 23% PDT sales $16M, 5% Organic growth of 18% on strong

reroofing demand and selling price Selling price added 7%

EBIT increased 32% from $34.4M in 2010 to $45.5M in 2011 $2.1M expense for inventory step-

up at PDT under purchase accounting

Selling price offset raw material impact

Strong organic growth from reroofing demand and selling priceIntegration of PDT well underway

$306.5

$378.5

11.2%12.0%

$0

$50

$100

$150

$200

$250

$300

$350

$400

Q4 '10 Q4 '11

$ in

Mill

ions

Sales PDT Margin

23%

6

Carlisle Transportation ProductsQ4 2011 Results

7

Jackson plant issues addressedCTP positioned for margin improvement in 2012

Sales growth of 5% Selling price increase of $16M, 11% Partially offset by lower volume in Outdoor

Power Equipment and Transmission Belts

Raw Materials declining in Q4, however, year over year comparisons not favorable Natural Rubber up 21% in Q4 ‘11 vs. ‘10 Synthetic Rubber up 42% in Q4 ‘11 vs. ‘10 Higher priced inventory sold during period

negatively impacted earnings

EBIT loss of $4M Loss from lower volume and raw material Jackson plant running at target efficiency

levels

$146.4

$154.1

0.2%

-2.5%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

Q4 '10 Q4 '11$

in M

illio

nsSales Margin

5%

0% 

Carlisle Brake & FrictionQ4 2011 Results

8

Sales growth of 126% Hawk contributed $56.8M, 111%,

reflects first two months of Q4 (Hawk acquired December 1, 2010)

Organic sales growth of 15% Continued global demand in

Agriculture, Construction and Mining EBIT of $15.4M in 2011 versus loss of

$10.7M in 2010 Hawk contributed $11.4M in Q4 ‘11 Acquisition charges of $14.2M in Q4

2010 for Hawk

Integration of Hawk in 2011 tremendous success

$51.4

$116.2

-20.8%

13.3%

$0

$20

$40

$60

$80

$100

$120

$140

Q4 '10 Q4 '11

$ in

Mill

ions

Sales Hawk Margin

126%

0% 

Carlisle Interconnect TechnologiesQ4 2011 Results

9

Tri-Star Electronics acquired Dec. 2, 2011 for $284M Leading supplier of electrical contacts

to aerospace, defense and industrial customers

CIT sales growth of 32% Tri-Star added $7.8M, 12% Organic sales growth of 20% driven

by strong aerospace sales

EBIT increased 17% from $8.9M in 2010 to $10.4M in 2011

Excluding $2.1M in acquisition related costs, EBIT in Q4 ‘11 was $12.5M, margin of 14.5% 1

Outstanding sales and EBIT performance

$65.5

$86.5

13.6%

12.0%

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90

$100

Q4 '10 Q4 '11$

in M

illio

nsSales Tri-Star Margin

32%

1 Refer to slide 20 for reconciliation of GAAP to non-GAAP measure

Carlisle FoodService ProductsQ4 2011 Results

10

Sales declined 5%

Selling price increase of 2% partially offset volume decline

Demand down in foodservice products and healthcare

EBIT loss of $2.1M in Q4 ‘11

Negatively impacted by lower sales volume, unfavorable mix changes, higher customer rebates

$1.6M severance charges

Undergoing actions to address performance and improvement plan for 2012

$57.1

$54.3

9.3%

-3.9%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

$0

$10

$20

$30

$40

$50

$60

$70

Q4 '10 Q4 '11

$ in

Mill

ions

Sales Margin

-5%

0% 

Net sales up 28% Organic up 14% Acquisitions contributed 13% FX < 1% impact

EBIT Margin 8.5%, up 70 bps from prior year

Effective tax rate 28.4% in 2011 v. 30.5% in 2010

EPS up 37% to $2.88

2011 Highlights

11

Financial Summary

Segment Summary

In Millions, except per share amounts 2011 2010 ∆

Net Sales 3,224.5$ 2,527.7$ 28%

Earnings Before Interest and Income Taxes (EBIT) 275.1 196.1 40%

EBIT Margin 8.5% 7.8% 70 bps

Income from Continuing Operations, Net of Tax 181.9 130.6 39%

Continuing Operations Diluted Earnings per Share 2.88$ 2.10$ 37%

In Millions Const. Trans.Brake & Friction

Inter-connect

Food-Service Corp Total

2011Net Sales 1,484.0$ 732.1$ 473.0$ 299.6$ 235.8$ -$ 3,224.5$ EBIT 177.9 9.1 77.2 41.9 13.2 (44.2) 275.1 EBIT Margin 12.0% 1.2% 16.3% 14.0% 5.6% -1.4% 8.5%

2010Net Sales 1,223.6$ 684.8$ 129.4$ 251.1$ 238.8$ -$ 2,527.7$ EBIT 159.2 21.7 (0.9) 30.9 24.3 (39.1) 196.1 EBIT Margin 13.0% 3.2% -0.7% 12.3% 10.2% -1.5% 7.8%

YOY ChangeNet Sales 21% 7% 266% 19% -1% 28%EBIT 12% -58% NM 36% -46% -13% 40%

$2,527.7

$3,224.5

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2010 Price Volume / Oth Acq F/X 2011

$ in M

illions

Sales Bridge Full Year 2011

12

28% Sales Growth: 14% Organic, 13% Acquisition, FX < 1%

Organic +13.9%

+13.4%

0.3%

+4.9% +9.0%

Organic by SegmentConstruction 19%Transportation 6%Brake & Friction 30%Interconnect 16%FoodService -2%

Margin Bridge Full Year 2011

13

Positive impact from acquisitions, volume and COSPartially offset by raw materials and Jackson start-up at CTP

EBIT: $196.1 Million EBIT: $275.1 Million40% growth

* Difference in acquisition related costs, 2011 v. 2010

7.8%8.5%0.2%

1.2% 0.9%

0.7%‐1.5%

‐0.8%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%2010 Net Charges * Acq Volume COS Net Price / RM Other Op 2011

EBIT

Mar

gin

14

Strong Balance SheetDebt Maturity Schedule

In millions Cash on Hand of $75M

Tri-Star acquisition for $284M, net of cash acquired, funded by credit facility

$252M available as of 12/31/11 under new revolver

Debt to Cap ratio of 34%

Debt to EBITDA of 2.0

Cash proceeds of $23M for Profiles sale on 1/2/12

Well-positioned for further investment in acquisitions, new product development and capital expenditures

Drawn $348

$252

$0

$100

$200

$300

$400

$500

$600

2012 2016 2018 2020

Available Under $600M Revolver at 12/31/11

IRB & OtherSenior Notes $149M

Senior Notes $249M

15

Cash Flow

78% Op Cash Flow Increase – 161% Free Cash Flow Increase

($40)

($20)

$0

$20

$40

$60

$80

$100

$120

Q4 '10 Q1 '11 Q2 '11 Q3 '11 Q4 '11

$ in M

illions

Operating Cash Flow Capital Expenditures Free Cash Flow

Q4 '10 Q1 '11 Q2 '11 Q3 '11 Q4 '11Operating Cash Flow $45.0 ($0.3) $14.0 $105.2 72.3 Capital Expenditures (17.8) (16.9) (16.9) (14.7) (31.1)Free Cash Flow 27.2 (17.2) (2.9) 90.5 41.2

Cash Flow by QuarterSummary

In Millions 2011 2010

Net income 180.3$ 145.6$ Depreciation and amortization 88.0 71.9 Non-cash compensation 15.7 13.3 Change in working capital (91.6) (109.9) Other (1.2) (13.5)

Operating Cash Flow 191.2$ 107.4$

Capital expenditures (79.6) (64.6)

Free Cash Flow 111.6$ 42.8$

16

Working Capital as a % of Net Sales

Working Capital reflects average of quarter ending Receivables plus Inventory less Accounts Payable. % of Net Sales calculated using average Working Capital over annualized year-to-date Net Sales.

Managing working capital on higher sales volume

Q1 '09 Q2 '09 Q3 '09 Q4 '09 Q1 '10 Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Q3 '11 Q4 '11WC as a % of Net Sales 30.4% 26.5% 25.1% 24.9% 23.5% 21.4% 21.6% 22.0% 23.4% 21.7% 21.5% 21.9%

20.0%

22.0%

24.0%

26.0%

28.0%

30.0%

32.0%

17

Q & A

Carlisle 2012 Outlook

18

Total sales growth with Tri-Star and PDT ~ 10%

Organic sales growth in mid-single digits

Margin improvement from organic growth, CTP improvements, COS and Tri-Star acquisition

Corporate Expense - $44M

Depreciation & Amortization - $107M

Interest Expense - $24M

Tax Rate - 33%

Cash conversion ~ 75% on higher Capital Expenditures (Ratio of Free Cash Flow before Dividends to Net Income)

Capital Expenditures - $120M - $150M

Higher investment opportunities identified at CCM, CBF and CIT

19

Appendix

Reconciliation –GAAP to Non‐GAAP Measures

20

In Millions

Page 9 Q4 '11

EBIT - Carlisle Interconnect Technologies $10.4Addback: Non-recurring pre-tax acquistion costs 2.1Adjusted EBIT - Carlisle Interconnect Technologies 12.5

Net Sales - Carlisle Interconnect Technologies $86.5

Adjusted EBIT Margin 14.5%