september 2011 investor presentation

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Investor Presentation September 2011

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Page 1: September 2011 investor presentation

Investor PresentationSeptember 2011

Page 2: September 2011 investor presentation

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.

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Forward Looking Statements

Page 3: September 2011 investor presentation

• Founded in 1917 in Carlisle, PA• Organized in 5 reporting segments• Derive ~20% of our sales from Global Markets• Produce ~57% of revenue from aftermarket• Manufacture and distribute in 77 facilities worldwide

– 63 in North America– 7 in China– 1 in Japan– 6 in Europe

Carlisle Overview

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Page 4: September 2011 investor presentation

Commercial83%

Non Roofing13%

Residential4%

End MarketRevenue

U.S.

Carlisle Construction Materials

0% 25% 50% 75% 100%

International

4

AftermarketOEM

Aftermarket

Page 5: September 2011 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: September 2011 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

6

Page 7: September 2011 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%

7

Page 8: September 2011 investor presentation

Foodservice59%

Healthcare29%

Jan/San12%

OEM Aftermarket

U.S. International

0% 25% 50% 75% 100%

Carlisle FoodService Products

End MarketRevenue

8

Aftermarket

Page 9: September 2011 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: September 2011 investor presentation

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LC, $31

Drawn, $155

$314

$0

$100

$200

$300

$400

$500

2012 2016 2018 2020

Available Under Revolver at

7/31/11

IRB & OtherSenior Notes

$149M

Senior Notes

$249M

Debt Maturity Schedule

In millions

Commentary

Cash on Hand of $201M as of July 31st

PDT acquisition consumed $120M on August 1st

Revolving Credit Facility availability of $314M

Debt to Cap ratio of 27%

Debt to EBITDA of 1.6

EBITDA to Interest of 22.5

Strong Balance Sheet

Page 11: September 2011 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

• $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: September 2011 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

• 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 13: September 2011 investor presentation

Geo FoamCurrent Return Network

New Products

R&D to Grow SalesWind Energy Solutions

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Page 14: September 2011 investor presentation

Brakes

Agriculture Tires

Aerospace Assemblies

Global Expansion to Grow Sales

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Page 15: September 2011 investor presentation

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Creates a global leader in braking solutions

Most Recent Acquisition

Acquisitions to Grow Sales

15

+

Creates a global leader in single-ply roofing solutions

Page 16: September 2011 investor presentation

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