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3rd   Quarter 2011
October 25, 2011
Forward Looking Statements
  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
Highlights of Q3 2011
   Net sales up 31%
                                                Financial Summary
       Organic sales up 15%
       Solid growth led by Brake & Friction,   In Millions, except per share amounts       Q3 '11         Q3 '10     ∆
        Construction Materials and              Net Sales                               $      870.5   $     665.9     31%
        Interconnect Technologies               Earnings Before Interest and
       $100M in sales from Hawk & PDT          Income Taxes (EBIT)                             81.8          66.5     23%

        acquisitions, 15%                       EBIT Margin                                     9.4%         10.0%   -60 bps
                                                Income from Continuing
   EBIT Margin of 9.4%                         Operations, Net of Tax                          53.7          46.8     15%
       Another record quarter for Brake &      Continuing Operations Diluted
        Friction, close to 20% margin           Earnings per Share                      $       0.85   $      0.75     13%

       Offset by Transportation Product
        management charges and operating
        losses
   Acquired PDT on August 1, 2011
   Continuing Operations EPS of $0.85

            Continued sales and earnings improvement led by CBF, CCM and CIT
               Negative impact from CTP charges and operating performance                                                 3
Sales Bridge
                1,000
                                    Organic +15.4%
                                                                                         $870.5
                                                               +15.0%          +0.3%
                 900

                                                +9.4%
                 800
$ in Millions




                        $665.9   +6.0%
                 700


                 600                                       Organic by Segment
                                                           Construction     21%
                                                           Transportation     4%
                 500                                       Brake & Friction 36%
                                                           Interconnect     23%
                                                           FoodService      -4%
                 400


                 300
                        Q3 '10   Price      Volume / Oth        Acq                F/X   Q3 '11



                        31% Sales Growth: 15% Organic, 15% Acquisition

                                                                                                  4
Margin Bridge
                      Q3 '10   Raw Mat   Price   Volume   COS     Acq     Other Op   Q3 '11
              14.0%


              12.0%
                       10.0%     ‐5.8%
                                                                                     9.4%
              10.0%                      +4.5%
                                                                  +1.5%
EBIT Margin




                                                          +0.8%            ‐2.3%
               8.0%
                                                  +0.7%

               6.0%


               4.0%


               2.0%


               0.0%

               EBIT - $66.5 Million                                         EBIT - $81.8 Million
                                                                                    23%

                Continued positive impact from acquisitions, volume and COS
                                    Operating loss at CTP
                                                                                                   5
Carlisle Construction Materials
                                      Q3 2011 Results
   Acquired PDT on August 1st
                                                                      $500
        Brings sales and manufacturing                                                       25%
                                                                                                    $442.2
                                                                      $450
         foothold in Europe for single-ply roofing
                                                                      $400
   25% sales growth                                                             $354.8
                                                                      $350
        PDT sales $13.4M, 4%




                                                      $ in Millions
                                                                      $300
             Profiles business reported in                           $250
              Discontinued Operations
                                                                      $200
        Organic growth of 21% on strong                              $150
                                                                                     15.2%
                                                                                                    13.6%
         reroofing demand and selling price
                                                                      $100
        Selling price added 5%                                       $50
   EBIT increased 11% from $54.1M in 2010 to                          $0
    $60.2M in 2011                                                               Q3 '10             Q3 '11

   Negative $27 million impact from raw                                     Sales           PDT      Margin
    materials over prior year
                Strong organic growth from reroofing demand and selling price
                              Integration of PDT well underway
                                                                                                               6
Carlisle Transportation Products
                                       Q3 2011 Results
   Sales growth of 5%
                                                                  $180                           10.0%
         Selling price increase of $19M, 12%                            $156.8        $164.6
                                                                  $160                           8.0%
         Partially offset by lower volume
                                                                  $140            5%             6.0%
          primarily in Outdoor Power Equipment
   Raw material cost increases recovered by                      $120                           4.0%




                                                  $ in Millions
                                                                         2.2%
    selling price increases                                       $100                           2.0%
         Natural Rubber up 47%                                   $80                            0.0%
                                                                                                  0% 
         Synthetic Rubber up 66%                                 $60                            -2.0%
   EBIT loss of $9M                                                                   -5.4%
                                                                  $40                            -4.0%
         Production inefficiencies and lower                     $20                            -6.0%
          volume negatively impacted earnings
                                                                    $0                           -8.0%
         Management and organizational                                  Q3 '10        Q3 '11
          change costs of $4M
                                                                            Sales       Margin



         Actions taken to address performance and improvement plan for 2012

                                                                                                         7
Carlisle Transportation Products
                           Items Impacting 3rd Quarter

   Management and
                                           Jackson Productivity
    organizational costs         $4.0M       Tire Builder Efficiency:
   Jackson inefficiency costs    5.9M            Q2 Average – 50%
                                                  Q3 Average – 62%
   Plant restructuring           1.3M
                                                  October – 71%
         Total                   $11.2M
                                             Scrap Percentage:
                                                  Q2 Average – 6%
                                                  Q3 Average – 4%
                                                  October – 2.4%




                                                                         8
Carlisle Brake & Friction
                                     Q3 2011 Results
                                                              $140
   Hawk contributed $86.2 million to                                                       $126.6
    Net Sales and $19.6 million to EBIT                       $120
   Organic sales growth of 36%                                                  334%
                                                              $100
        Driven by global demand in




                                              $ in Millions
         Agriculture, Construction and                        $80
                                                                                             19.1%
         Mining
                                                              $60
   Overall CBF EBIT margin
    approached 20% in Q3 2011                                 $40            $29.2

   Markets remained strong in all                            $20
                                                                             16.8%

    global regions through Q3 2011
                                                               $0
                                                                             Q3 '10         Q3 '11

                                                                     Sales           Hawk      Margin




             Another record sales and earnings quarter for CBF
                                                                                                        9
Carlisle Interconnect Technologies
                              Q3 2011 Results
   Sales growth 23%                                         $80
                                                                                  $75.7
                                                                                           30.0%
                                                                            23%
        38% growth in Aerospace from                        $70
         legacy Boeing programs, in-flight                         $61.4                   25.0%
         entertainment and 787 program                       $60
                                                                                           20.0%




                                             $ in Millions
        22% decline in Military sales                       $50
         partially offset Aerospace growth                   $40   13.4%
                                                                                  14.4%
                                                                                           15.0%

   EBIT increased 33%                                       $30
                                                                                           10.0%
   Margin improvement from volume and                       $20
    COS savings                                                                            5.0%
                                                             $10

   Boeing 787 program underway                              $0                            0.0%
                                                                   Q3 '10         Q3 '11

                                                                      Sales       Margin




               Outstanding sales performance and EBIT leverage
                                                                                                   10
Carlisle FoodService Products
                           Q3 2011 Results
   Sales declined 4%                                      $70
                                                                 $63.7    -4%
                                                                                         30.0%
                                                                                $61.4
        Selling price added 3.5%                          $60                           25.0%

        Foodservice sales volume up by                    $50
                                                                                         20.0%
         3% despite lower restaurant




                                           $ in Millions
                                                           $40
         traffic in Q3 ‘11                                                               15.0%
                                                           $30
        Healthcare sales down 22%                               9.9%
                                                                                         10.0%
                                                           $20                  7.3%
   EBIT margin negatively impacted by
    volume decline and raw material cost                   $10                           5.0%
    increases
                                                           $0                            0.0%
                                                                 Q3 '10         Q3 '11

                                                                     Sales      Margin


Economic conditions and low consumer confidence continue to impact
                          segment results
                                                                                                 11
Strong Balance Sheet
            Debt Maturity Schedule
                        In millions                          Cash on Hand of $82M
$500
                                                             PDT acquisition for $113M
       $359      Available  Under                             funded primarily by free cash
$400             $500M Revolver                               flow and cash on hand
                   at 9/30/11
                                                             Replaced $500M revolver on
$300
                                                              10/20/11 with $600M credit
                                                              facility
$200
                                                Senior       $464M available as of 10/25/11
                                                Notes 
                                                $249M         under new revolver
$100   Drawn        Senior 
                     Notes       IRB &  Other
       $110
                    $149M                                    Debt to Cap ratio of 26%
       LC, $31
  $0                                                         Debt to EBITDA of 1.4
       2012          2016            2018       2020

            Well-positioned for further investment in acquisitions, new
                 product development and capital expenditures
                                                                                               12
Cash Flow by Quarter
                    $120

                    $100

                    $80
    $ in Millions




                    $60

                    $40

                    $20

                     $0

                    -$20

                    -$40
                            Q3 '10            Q4 '10               Q1 '11                   Q2 '11                 Q3 '11

                                         Operating Cash Flow        Capital Expenditures          Free Cash Flow

                                                   Q3 '10      Q4 '10      Q1 '11          Q2 '11     Q3 '11
                           Operating Cash Flow      $41.9       $45.0        ($0.3)         $14.0     $105.2
                           Capital Expenditures      (15.2)      (17.8)      (16.9)          (16.9)     (14.7)
                           Free Cash Flow             26.7        27.2       (17.2)           (2.9)      90.5


                     Strong cash flow during Q3 2011 versus prior year
                                                                                                                            13
Working Capital as a % of Net Sales
                                32.0%



                                30.0%



                                28.0%



                                26.0%



                                24.0%



                                22.0%



                                20.0%
                            Q1 '09 Q2 '09 Q3 '09 Q4 '09 Q1 '10 Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Q3 '11
     WC as a % of Net Sales 30.4% 26.4% 25.1% 24.9% 23.5% 21.4% 21.6% 22.0% 23.4% 21.7% 21.5%
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
                                                                                                                                                                                                       14
Q & A




        15
Carlisle 2011 Outlook
    Sales growth from Hawk & PDT acquisitions and segment
     organic growth totaling mid-20 percent range
    Continued margin improvement, primarily from Brake & Friction
     and Interconnect Technologies
    Cash conversion expected to be 90%
     (Ratio of Free Cash Flow before Dividends to Net Income)


    Corporate Expense - $41.5M
    Depreciation & Amortization - $89M
    Interest Expense - $21M
    Tax Rate - 32%
    Capital Expenditures - $75M


                                                                     16

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3rd Quarter 2011

  • 1. 3rd Quarter 2011 October 25, 2011
  • 2. Forward Looking Statements 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
  • 3. Highlights of Q3 2011  Net sales up 31% Financial Summary  Organic sales up 15%  Solid growth led by Brake & Friction, In Millions, except per share amounts Q3 '11 Q3 '10 ∆ Construction Materials and Net Sales $ 870.5 $ 665.9 31% Interconnect Technologies Earnings Before Interest and  $100M in sales from Hawk & PDT Income Taxes (EBIT) 81.8 66.5 23% acquisitions, 15% EBIT Margin 9.4% 10.0% -60 bps Income from Continuing  EBIT Margin of 9.4% Operations, Net of Tax 53.7 46.8 15%  Another record quarter for Brake & Continuing Operations Diluted Friction, close to 20% margin Earnings per Share $ 0.85 $ 0.75 13%  Offset by Transportation Product management charges and operating losses  Acquired PDT on August 1, 2011  Continuing Operations EPS of $0.85 Continued sales and earnings improvement led by CBF, CCM and CIT Negative impact from CTP charges and operating performance 3
  • 4. Sales Bridge 1,000 Organic +15.4% $870.5 +15.0% +0.3% 900 +9.4% 800 $ in Millions $665.9 +6.0% 700 600 Organic by Segment Construction 21% Transportation 4% 500 Brake & Friction 36% Interconnect 23% FoodService -4% 400 300 Q3 '10 Price Volume / Oth Acq F/X Q3 '11 31% Sales Growth: 15% Organic, 15% Acquisition 4
  • 5. Margin Bridge Q3 '10 Raw Mat Price Volume COS Acq Other Op Q3 '11 14.0% 12.0% 10.0% ‐5.8% 9.4% 10.0% +4.5% +1.5% EBIT Margin +0.8% ‐2.3% 8.0% +0.7% 6.0% 4.0% 2.0% 0.0% EBIT - $66.5 Million EBIT - $81.8 Million 23% Continued positive impact from acquisitions, volume and COS Operating loss at CTP 5
  • 6. Carlisle Construction Materials Q3 2011 Results  Acquired PDT on August 1st $500  Brings sales and manufacturing 25% $442.2 $450 foothold in Europe for single-ply roofing $400  25% sales growth $354.8 $350  PDT sales $13.4M, 4% $ in Millions $300  Profiles business reported in $250 Discontinued Operations $200  Organic growth of 21% on strong $150 15.2% 13.6% reroofing demand and selling price $100  Selling price added 5% $50  EBIT increased 11% from $54.1M in 2010 to $0 $60.2M in 2011 Q3 '10 Q3 '11  Negative $27 million impact from raw Sales PDT Margin materials over prior year Strong organic growth from reroofing demand and selling price Integration of PDT well underway 6
  • 7. Carlisle Transportation Products Q3 2011 Results  Sales growth of 5% $180 10.0%  Selling price increase of $19M, 12% $156.8 $164.6 $160 8.0%  Partially offset by lower volume $140 5% 6.0% primarily in Outdoor Power Equipment  Raw material cost increases recovered by $120 4.0% $ in Millions 2.2% selling price increases $100 2.0%  Natural Rubber up 47% $80 0.0% 0%   Synthetic Rubber up 66% $60 -2.0%  EBIT loss of $9M -5.4% $40 -4.0%  Production inefficiencies and lower $20 -6.0% volume negatively impacted earnings $0 -8.0%  Management and organizational Q3 '10 Q3 '11 change costs of $4M Sales Margin Actions taken to address performance and improvement plan for 2012 7
  • 8. Carlisle Transportation Products Items Impacting 3rd Quarter  Management and Jackson Productivity organizational costs $4.0M  Tire Builder Efficiency:  Jackson inefficiency costs 5.9M  Q2 Average – 50%  Q3 Average – 62%  Plant restructuring 1.3M  October – 71% Total $11.2M  Scrap Percentage:  Q2 Average – 6%  Q3 Average – 4%  October – 2.4% 8
  • 9. Carlisle Brake & Friction Q3 2011 Results $140  Hawk contributed $86.2 million to $126.6 Net Sales and $19.6 million to EBIT $120  Organic sales growth of 36% 334% $100  Driven by global demand in $ in Millions Agriculture, Construction and $80 19.1% Mining $60  Overall CBF EBIT margin approached 20% in Q3 2011 $40 $29.2  Markets remained strong in all $20 16.8% global regions through Q3 2011 $0 Q3 '10 Q3 '11 Sales Hawk Margin Another record sales and earnings quarter for CBF 9
  • 10. Carlisle Interconnect Technologies Q3 2011 Results  Sales growth 23% $80 $75.7 30.0% 23%  38% growth in Aerospace from $70 legacy Boeing programs, in-flight $61.4 25.0% entertainment and 787 program $60 20.0% $ in Millions  22% decline in Military sales $50 partially offset Aerospace growth $40 13.4% 14.4% 15.0%  EBIT increased 33% $30 10.0%  Margin improvement from volume and $20 COS savings 5.0% $10  Boeing 787 program underway $0 0.0% Q3 '10 Q3 '11 Sales Margin Outstanding sales performance and EBIT leverage 10
  • 11. Carlisle FoodService Products Q3 2011 Results  Sales declined 4% $70 $63.7 -4% 30.0% $61.4  Selling price added 3.5% $60 25.0%  Foodservice sales volume up by $50 20.0% 3% despite lower restaurant $ in Millions $40 traffic in Q3 ‘11 15.0% $30  Healthcare sales down 22% 9.9% 10.0% $20 7.3%  EBIT margin negatively impacted by volume decline and raw material cost $10 5.0% increases $0 0.0% Q3 '10 Q3 '11 Sales Margin Economic conditions and low consumer confidence continue to impact segment results 11
  • 12. Strong Balance Sheet Debt Maturity Schedule In millions  Cash on Hand of $82M $500  PDT acquisition for $113M $359 Available  Under  funded primarily by free cash $400 $500M Revolver  flow and cash on hand at 9/30/11  Replaced $500M revolver on $300 10/20/11 with $600M credit facility $200 Senior   $464M available as of 10/25/11 Notes  $249M under new revolver $100 Drawn  Senior  Notes  IRB &  Other $110 $149M  Debt to Cap ratio of 26% LC, $31 $0  Debt to EBITDA of 1.4 2012 2016 2018 2020 Well-positioned for further investment in acquisitions, new product development and capital expenditures 12
  • 13. Cash Flow by Quarter $120 $100 $80 $ in Millions $60 $40 $20 $0 -$20 -$40 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Q3 '11 Operating Cash Flow Capital Expenditures Free Cash Flow Q3 '10 Q4 '10 Q1 '11 Q2 '11 Q3 '11 Operating Cash Flow $41.9 $45.0 ($0.3) $14.0 $105.2 Capital Expenditures (15.2) (17.8) (16.9) (16.9) (14.7) Free Cash Flow 26.7 27.2 (17.2) (2.9) 90.5 Strong cash flow during Q3 2011 versus prior year 13
  • 14. Working Capital as a % of Net Sales 32.0% 30.0% 28.0% 26.0% 24.0% 22.0% 20.0% Q1 '09 Q2 '09 Q3 '09 Q4 '09 Q1 '10 Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Q3 '11 WC as a % of Net Sales 30.4% 26.4% 25.1% 24.9% 23.5% 21.4% 21.6% 22.0% 23.4% 21.7% 21.5% 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 14
  • 15. Q & A 15
  • 16. Carlisle 2011 Outlook  Sales growth from Hawk & PDT acquisitions and segment organic growth totaling mid-20 percent range  Continued margin improvement, primarily from Brake & Friction and Interconnect Technologies  Cash conversion expected to be 90% (Ratio of Free Cash Flow before Dividends to Net Income)  Corporate Expense - $41.5M  Depreciation & Amortization - $89M  Interest Expense - $21M  Tax Rate - 32%  Capital Expenditures - $75M 16