Carlisle Incorporated : Business Line Teach-In – Henry

Carlisle Business Line Teach-In:Henry

December 6, 2021

Forward-looking statements

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally use words such as "expect," "foresee," "anticipate," "believe," "project," "should," "estimate," "will," "plans," "forecast," and similar expressions, and reflect our expectations concerning the future. It is possible that our future performance may differ materially from current expectations expressed in these forward-looking statements, due to a variety of factors such as: increasing price and product/service competition by foreign and domestic competitors, including new entrants; technological developments and changes; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; our mix of products/services; increases in raw material costs which cannot be recovered in product pricing; domestic and foreign governmental and public policy changes including environmental and industry regulations; threats associated with

and efforts to combat terrorism; protection and validity of patent and other intellectual property rights; the successful integration and identification of our strategic acquisitions;

the cyclical nature of our businesses; and the outcome of pending and future litigation and governmental proceedings. In addition, such statements could be affected by general industry and market conditions and growth rates, the condition of the financial and credit markets, and general domestic and international economic conditions including interest rate and currency exchange rate fluctuations. Further, any conflict in the international arena may adversely affect general market conditions and our future performance. We refer you to the documents we file from time to time with the Securities and Exchange Commission, such as our reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other risks and uncertainties that could cause our actual results to differ materially from our current expectations and from the forward- looking statements contained in this press release. We undertake no obligation to update any forward-looking statement.

Non-GAAP financial measures

Our management uses non-GAAP financial measures in assessing and evaluating the Company's and its segments' performance, which exclude items we consider non-

comparable items. We believe the use of such financial measures and information may be useful to investors. Non-GAAP financial measures should be read in conjunction

with the GAAP financial measures, as non-GAAP measures are a supplement to, and not a replacement for, GAAP financial measures. Please refer to the appendix (slides 30 through 32) for a reconciliation of non-GAAP financial measures to the related GAAP financial measures. Throughout this presentation each non-GAAP measure is denoted with an *.

Latest View on Henry Performance

Financial Expectations Unchanged

• MSD+ revenue growth outlook intact; material availability the current headwind
• Integration efforts on track
• Targeting annual synergies of $30 million by Year 5 (e.g. procurement, logistics, insourcing savings) with potential upside

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No change to 4Q21 outlook

Reiterating expectations of $1.25+ adjusted EPS* accretion in 2022

*Refer to the appendix for a reconciliation of non-GAAP financial measures to the related GAAP financial measures.

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Henry's Management Team

Frank Ready

President & CEO

Henry Since 2014

(+35 years experience)

• Prior to joining Henry Company, Frank was Executive Vice President of Armstrong Worldwide and CEO of Armstrong Floor Products Worldwide. He was with Armstrong for 30 years and served successfully in a variety of senior leadership roles in the organization throughout his career.
• Frank graduated with a BA in Business Administration from Franklin & Marshall College

Mehul Patel

CFO

Henry Since 2006

(+15 years experience)

• Prior to joining Henry, Mehul began his roots in FP&A at Mars, Inc. He joined Henry in 2006, as a Business Analyst, and since has held increasing leadership roles across all areas of Finance. Most recently, he was promoted to CFO in 2019.
• Mehul earned his undergraduate degree in Economics from Univ. of Cal. at Irvine and his MBA from Marshall School of Business at
  USC

Christian Nolte

SVP, Marketing & Product Mgmt.

Henry Since 2017

(+20 years experience)

• Christian's marketing and mgmt. experience spans various building industry leadership roles as the VP of Marketing for Masonite Internat., VP of Sales and Marketing for Metal Sales Manufacturing, Director of Digital for Simpson Strong-Tie, Director of Corporate Marketing and Strategic Planning at Owens Corning, and as a Systems Analyst at Accenture
• Christian graduated with an MBA from Michigan State Univ. and a bachelor's degree in finance from Univ. of Florida

Kirk Kandler	•	Since joining Henry in 1993, Kirk has led various Henry sales teams to deliver outstanding growth through industry-leading customer
SVP, Retail Solutions		engagement and service. He was appointed SVP of North American Consumer in 2008. Kirk currently leads Henry sales teams
Henry Since 1993		covering the home improvement channel through big box and co-op customers.
(+30 years experience)	•	Kirk earned a BS in Molecular Cell Biology from the Univ. of California at Berkeley

Marc Tropper

SVP, Commercial BES

Henry Since 1997

(+25 years experience)

• Marc has experience in the design and application of air barriers, roofing and waterproofing products through roles that include VP of Commercial Products at Henry, Director of Product and Marketing at Henry, Manager of Marketing and Tech. Services at Bakor, Tech. Sales Representative at Bakor and Project Engineer with IRC Batten Sears Consultant
• Marc graduated with a degree in Applied Science from the Univ. of Ottawa and is a licensed Professional Engineer

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Henry's Management Team

Jim Wueste

SVP, RLC

Henry Since 2021

(+20 years experience)

• Prior to joining Henry, Jim was Vice President of Sales and Marketing at Nichiha USA, a manufacturer for fiber cement products for interior, exterior, commercial and residential applications
• Jim graduated from the Univ. of Georgia

Mark Longfellow

SVP, Roof Restoration

Solutions

Henry Since 2017

(+30 years experience)

• Originally VP of the Residential BES team, Mark led that division through the integration of Henry's acquisition of Fortifiber and was promoted to SVP of Roof Restoration Solutions
• Mark has domestic and international commercial experience in the building products industry including roles as GM of James Hardie Europe and Exterior Trim, VP of Retail for Makita, Director of Marketing for Custom Building Products

John Dobson SVP, R&D Henry Since 2012

(+30 years experience)

• Prior to joining Henry, John held various leadership roles including Senior Director of Global Marketing, Strategy and B.D. for Dow Chemical's Electronic Materials Group and leader of Emerging Technologies at Rohm and Haas
• John earned a BS in Chemistry from Miami Univ. (Ohio), a Ph.D. in Inorganic Chemistry from the Univ. of North Carolina and completed his postdoctoral fellowship at Stanford Univ.

Vic Patel

SVP, Operations

Henry Since 2018

(+25 years experience)

• Prior to joining Henry, Vic served as Director of Ops with Delphi Corp leading Americasoperation for $1.3 billion Connection Systems business, as well as holding multiple operations roles with Parker Hannifin, Eaton and GM
• Vic holds an MBA degree from the Univ. of Texas at Arlington and a BS in mechanical engineering from the M.S Univ. in India and a master's degree in mechanical engineering from the Illinois Institute of Technology in Chicago

Rusty Kennington

CIO

Henry Since 2020

(+25 years experience)

• Prior to arriving at Henry, Rusty was the CIO of Corsicana Mattress Company. His career spans technology leadership positions with Commercial Metals Co., Ernst & Young, Brinker International, MCI, and two start-ups across North and South America, Europe and Asia.
• Rusty received his BS in Electrical Engineering from Carnegie Mellon Univ. and completed the graduate finance program at SMU

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