Carlisle Incorporated : Presentation PDF 923 KB

1st Quarter 2022

Earnings Call

April 28, 2022

Forward Looking Statements & Non-GAAP Financial Measures

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the potential or expected impacts of the global COVID-19 pandemic. Forward-looking statements generally use words such as "expect," "foresee," "anticipate," "believe," "project," "should," "estimate," "will," "plans," "intends," "forecast," and similar expressions, and reflect our expectations concerning the future. Such statements are made based on known events and

circumstances at the time of publication and, as such, are subject in the future to unforeseen risks and uncertainties. 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: risks from the global COVID-19 pandemic, including, for example, expectations regarding the impact of the COVID-19 pandemic on our businesses, including on customer demand, supply chains and distribution systems, production, our ability to maintain appropriate labor levels, our ability to ship products to our customers, our future results or our full-year financial outlook, 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 that 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 identification of strategic acquisition targets and our successful completion of any transaction and integration of our strategic acquisitions; our successful completion of strategic dispositions; the cyclical nature of our businesses; the impact of information technology, cybersecurity or data security breaches at our businesses or third parties; and the outcome of pending and future litigation and governmental proceedings and the other factors discussed in the reports we file with or furnish to the Securities and Exchange Commission from time to time. 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 inflation and interest rate and currency exchange rate fluctuations. Further, any conflict in the international arena, including the Russian invasion of Ukraine, may adversely affect general market conditions and our future performance. Any forward-looking statement speaks only as of the date on which that statement is made, and we undertake no duty to update any forward-looking statement to reflect events or circumstances, including unanticipated events, after the date on which that statement is made, unless otherwise required by law. New factors emerge from time to time and it is not possible for management to predict all of those factors, nor can it assess the impact of each of those factors on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement.

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 17 through 24) 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 *.

Vision 2025 Highlights

Drive above-market organic growth

Utilize COS to drive savings of 1-2% of sales annually

Build scale with synergistic acquisitions

Continue to invest in and develop exceptional talent

Deploy over $3 billion into capital expenditures, share repurchases, and dividends

1Q22 Highlights

• » Strong demand for non-discretionary re-roofing, new construction and energy-efficient building products

• » Earning price through delivering on the Carlisle Experience

• » New Building Products segment structure - Construction Materials

  (CCM) and Weatherproofing Technologies (CWT)

• » Recent synergistic and accretive acquisitions exceeding expectations » Bolt-on Building Products M&A continues with MBTechnology acquisition

• » Continued superior capital allocation

  • » $31M capital invested in our businesses

  • » $125M of shares repurchased

  • » $29M dividends paid

Continued Commitment to ESG

• » $2.5B

• » 150Mn

• » 31mt

• » 54%

• » 0.85

LEED qualified and manufactured products sold in 2021

MwH of energy will be saved based on Carlisle products sold in 2021(1)

of greenhouse gases will be avoided based on Carlisle products sold in 2021(1)

of Carlisle's Board of Directors identifies as gender, racial, or ethnically diverse

'Path to Zero' initiative has driven our OSHA Incident

Rate(2) to decline more than 60% since 2014 to 0.85

• 1) Derived from 3rd party life-cycle analysis over the life of the products

• 2) Number of work-related injuries per 100 full-time workers during a one-year period