Investor Presentation by NCI October 2011

Certain statements and information in this presentation may constitute forward-looking statements within the meaning of the

Private Securities Litigation Reform Act of 1995.

"potential," "expect," "should," "will" or similar expressions are intended to identify forward-looking statements (including those

contained in certain visual depictions) in this presentation. These forward-looking statements reflect the Company's current

expectations and/or beliefs concerning future events. The Company has made every reasonable effort to ensure that the

information, estimates, forecasts and assumptions on which these statements are based are current, reasonable and complete.

However, these forward-looking statements are subject to a number of risks and uncertainties that may cause the Company's

actual performance to differ materially from that projected in such statements. Among the factors that could cause actual results

to differ materially include, but are not limited to, industry cyclicality and seasonality and adverse weather conditions; ability to

service the Company's debt; failure to comply with financial covenants contained in the Company’s debt instruments; fluctuations

in customer demand and other patterns; raw material pricing and supply; competitive activity and pricing pressure; general

economic conditions affecting the markets we serve; current economic and financial crises in the U.S. and abroad; pending legal

proceedings, claims and governmental proceedings; changes in laws or regulations; and the volatility of the Company's stock

price. See also the "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended October 31, 2010, and

in its subsequent Quarterly Reports on Form 10-Q which identify other important factors, though not necessarily all such factors,

that could cause future outcomes to differ materially from those set forth in the forward-looking statements. The Company

expressly disclaims any obligation to release publicly any updates or revisions to these forward-looking statements, whether as a

result of new information, future events, or otherwise.

This presentation may also contain non-GAAP financial information. The Company’s management uses this information in its

internal analysis of results and believes that this information may be informative to investors in gauging the quality of the

Company’s financial performance, identifying trends in our results and providing meaningful period-to-period comparisons. For

additional information regarding these non-GAAP measures, including any required reconciliations to the most directly

comparable financial measure calculated according to GAAP, see in the Appendix section of this presentation.

The words "believe," “anticipate,”

“plan,”

“intend,”

“foresee,”

"guidance,"

Cautionary Statement Regarding Forward-Looking Statements

•

Significant operating expertise

•

Management

averages

years

experience

the

Metal

Building

Manufacturing

industry

•

Proven ability to operate and grow the business and in the current downturn to

execute cost reduction initiatives

•

Leading market positions in all operating segments

•

High

quality,

well

respected

stable

brands

marketed

through

broad

network

builders and distributors

•

Large variety of products and services

•

Participates in highly fragmented markets and has attractive spread of risk in terms

of geography, end market applications and customer concentration

•

32 manufacturing plants located throughout North America operated in an efficient

“hub-and-spoke”

network

•

Places manufacturing and distribution operations closer to our customers

•

Affiliated builder network and architectural relationships provide substantial and

extended channels to market

•

Each segment uses same type of steel

•

Ability to receive contract pricing without long-term contracts

•

Significant ability to flex manufacturing infrastructure and ESG&A levels to changes

in volume

•

Vertically

integrated

producer

enabling

faster

turnaround

times

–

majority

orders

are

completed

–

months

•

Positioned

capitalize

material

conversion

trends

and

green

initiative

•

Actively pursuing market leading initiatives

Leading Market Positions

and Strong Brands

Motivated and Experienced

Management Team

Integrated Business Model

Well Positioned for Growth

Efficient Distribution Model

High Volume Producer with

Flexible Cost Structure

NCI’s Strategic Positioning

SEGMENT

METAL COIL COATING

METAL COMPONENTS

ENGINEERED BUILDING SYSTEMS

Focus

Cleaning, treating & painting flat

rolled metal coil substrates

Metal roof & wall systems, metal

partitions, metal doors, etc.

Engineered building systems for low rise

nonresidential markets

Key Products

Product Utilization

Used by manufacturers of metal

components and engineered building

systems (NCI’s other segments used

approximately 54% of production).

Also sold to other manufacturers of

painted metal goods, such as the

appliance industry.

Roof and wall systems with specialized

product lines such as insulated metal

panels and standing seam roof panels for

architectural and commercial/industrial

applications, as well as traditional single-

skin, thru-fastener panels primarily used for

agricultural and residential facilities;

secondary structural (purlins and girts), as

well as ancillary accessories such as doors

and trim.

Custom designed, engineered, ready for

assembly primary structural framing,

secondary structural members (purlins, girts) and

metal roofs/walls.

NCI Companies

FY2010 % of Total

Revenue

38%

55%

FY2010 % of Total

EBITDA

37%

62%

Segment EBITDA excludes Corporate Costs of $42.4 MM

Three Integrated Segments

State as of close of 2010 unless otherwise noted

172

330

54%

30%

16%

Cleans, treats, coats and

paints flat-rolled metal

coil substrates

Slits and/or embosses

coated coils

Manufacturers of

painted steel products:

Metal Buildings

Light Fixtures

HVAC

Water Heater Jackets

Walk-in Coolers

PRODUCTS

CUSTOMERS

Light Gauge Coil Coating

Est. Rank

% Market

Precoat Metals Division

18%

Roll Coater, Inc.

15%

NCI

12%

Steelscape

SDI

Others

N/A

38%

Total

100%

Heavy Gauge Hot Rolled Steel Coating

Est. Rank

% Market

NCI

41%

Hanna Steel

26%

Midwest Metal Coaters

16%

SDI

10%

Others

N/A

Total

100%

Source: 2010 NCI Estimates

STATS

(Volume in tons)

Internal:

External:

Construction

All Other

MARKET SHARE

PERFORMANCE

No. of Customers:

No. of Employees:

No. of Plants:

Metal Coil Coating

END

USE

(FY 2010)

Revenue, EBITDA and EBITDA Margin %

2003

2004

2005

2006

2007

2008

2009

2010

External Revenue

127

123

111

118

EBITDA

EBITDA Margin %

20.5

25.5

22.9

25.9

37.9

39.9

24.3

32.8

27,423

916

28%

49%

20%

State as of close of 2010 unless otherwise noted

PRODUCTS

CUSTOMERS

Small, medium and large contractors

Specialty roofers

Engineered building fabricators

Distributors/lumberyards

End users

Pre-formed metal roof and wall systems

Insulated metal panels

Secondary structural members

Flashings and accessories

Roll-up doors and interior partition systems

Metal Components

Est. Rank

% Market

NCI

12%

Fabral

Metal Sales

McElroy

Firestone

Others

N/A

63%

Total

100%

Source: 2010 NCI Estimates

No. of Customers:

No. of Employees:

No. of Plants:

STATS

(Volume in tons)

Internal:

External:

Commercial & Industrial

Ag & Res

Retail

END USE

(FY 2010)

MARKET SHARE

PERFORMANCE

Metal Components

Revenue, EBITDA and EBITDA Margin %

2003*

2004*

2005*

2006*

2007

2008

2009

2010

External Revenue

473

548

567

671

562

600

389

328

EBITDA

102

EBITDA Margin %

11.6

15.1

15.2

10.7

15.4

11.8

11.2

* Fiscal 2006 and prior were not reclassified for the change in reporting structure that transferred certain

segment activities within the Metal Components and Engineered Building Systems segments in fiscal 2008.

State as of close of 2010 unless otherwise noted

3,382

2,026

Custom engineered buildings

Self-storage mini-warehouses

Long Bay

System

Engineered Building Systems

Est. Rank

% Market

NCI

28%

BlueScope Buildings

28%

Nucor Building Systems

24%

Others

N/A

20%

Total

100%

PRODUCTS

CUSTOMERS

Builder network

General contractors

Developers

Custom fabrication customers

End users

No. of Builders:

No. of Employees:

No. of Plants:

STATS

(Volume in tons)

Commercial & Industrial

Institutional

Agricultural

MARKET SHARE

PERFORMANCE

SALES CHANNEL

61%

25%

14%

Authorized Builders/Erectors

Direct Sales

Resellers/Private Label

Non-Affiliated Builders

Engineered Building Systems

Source: 2010 NCI Estimates

END USE

(FY 2010)

* Fiscal 2006 and prior were not reclassified for the change in reporting structure that transferred certain segment

activities within the Metal Components and Engineered Building Systems segments in fiscal 2008.

($ in millions, FYE Oct.)

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Revenue

937

1,018

955

953

898

1,085

1,130

1,571

1,625

1,763

965

871

% Growth

38.7%

8.7%

-6.2%

-0.2%

-5.8%

20.8%

4.2%

39.0%

3.4%

8.5%

-45.3%

-9.8%

COGS

697

762

742

741

701

823

851

1,187

1,221

1,319

749

700

% of Revenue

74.4%

74.8%

77.7%

78.0%

75.8%

75.3%

75.6%

75.2%

74.8%

77.6%

80.4%

Gross Profit

240

257

213

198

262

279

384

404

444

216

171

% Margin

25.6%

25.2%

22.3%

22.0%

24.2%

24.7%

24.4%

24.8%

25.2%

22.4%

19.6%

ESG&A

120

131

133

141

Historical Financial Perspective

140

165

175

246

272

285

211

191

% of Revenue

12.8%

12.9%

14.0%

14.8%

15.6%

15.2%

15.5%

15.7%

16.7%

16.2%

21.9%

EBIT

120

125

104

138

132

161

(20)

% Margin

12.8%

12.3%

8.4%

7.6%

6.4%

8.9%

9.2%

8.8%

8.1%

9.1%

0.7%

-2.3%

Adjusted EBITDA

146

154

105

100

128

138

176

201

% Margin

15.6%

15.1%

11.0%

10.5%

9.3%

11.8%

12.2%

11.2%

10.8%

11.4%

4.7%

1.9%

Capex

% of Revenue

3.6%

2.8%

1.6%

1.0%

2.0%

0.9%

1.7%

2.6%

1.4%

2.3%

1.6%

(1)

RCC

acquisition

completed

April

2006.

Results

included

from

acquisition

date.

(2)

Amounts have been retrospectively adjusted as a result of certain reclassifications due to the further integration of RCC and the rationalization of our operations.

(3)

Excludes special charges.

Last Nonres Downturn

Current Nonres Downturn

Engineered

Systems

Adjusted Operating Segment Results

Fiscal Year 2009

THIRD PARTY SALES

$965 million

Fiscal Year 2009

ADJUSTED OP PROFIT

$59 million

(1)

Before corporate expenses, in addition see Appendix for the reconciliation of the non-GAAP financial measure to the GAAP financial measure.

(2)

Engineered Building

Systems incurred an adjusted operating loss for fiscal year 2010.

Fiscal Year 2010

THIRD PARTY SALES

$871 million

Fiscal Year 2010

ADJUSTED OP PROFIT

$29 million

(1)

Fiscal Year 2009 vs. Fiscal Year 2010

Building

54%

Metal

Components

40%

Metal Coil

Coating

Engineered

Building

Systems

55%

Metal

Components

38%

Metal Coil

Coating

Engineered

Building

Systems

25%

Metal

Components

62%

Metal Coil

Coating

13%

Engineered

Building

Systems

Metal

Components

63%

Metal Coil

Coating

37%

(2)

Five-Year Growth Strategy

Corporate-Wide Initiatives

•

Fixed

cost

containment

the

nonresidential

construction

market

improves

our top corporate-wide initiative

•

Continue to identify and assess opportunistic acquisitions

•

Enhance plant utilization through expanded use of our Hub & Spoke Distribution

model

•

Continue to focus on leveraging Technology and Automation to be lowest cost

producer

Coatings Division

•

Diversify external customer base to substantially increase toll and package sales

•

Continue to leverage efficiency improvements to be lowest cost producer

•

Open our recently purchased Middletown, Ohio coating facility

Components Division

•

Expand Insulated Metal Panel product offering utilizing our new state-of-the-art

manufacturing facility in Jackson, MS and other future locations

•

Accelerate and expand Nu-Roof, our retrofit roofing product

Buildings Division

•

Marketing and Sales initiatives that enhance geographic and end market focus

•

Reduce cycle time and costs through virtual centralization of Engineering and

Drafting based on common suite of engineering applications

•

Improving manufacturing efficiencies through the enhancement of our supply chain

(in thousands)

COST REDUCTION

HEADCOUNT REDUCTION

BY SEGMENT

Fixed Costs0

Direct Variable

Costs0

Total Cost

Savings

% Reduction

Number

% Reduction

Buildings

$88,205

$374,188

$462,393

48.2%

1,530

41.8%

Components

23,016

152,532

175,548

33.9%

547

36.7%

Coaters

2,321

29,326

31,647

46.8%

10.3%

Corporate

7,703

5,319

13,022

20.2%

25.3%

Total

$121,245

$561,365

$682,610

42.4%

2,178

37.7%

BY COST LINE ITEM

Cost of Goods

$71,250

$522,664

$593,914

44.8%

1,619

43.3%

Engineering

19,004

3,573

22,577

41.9%

217

33.0%

SG&A

30,991

35,128

66,119

28.6%

342

24.7%

Total

$121,245

$561,365

$682,610

42.4%

2,178

37.7%

Significant Cost Reductions Completed

Cost Reduction Summary

(1)

Fixed cost reductions represent 30% of total 2008 fixed costs.

(2)

Direct variable costs include such items as Materials, Bonus, Commission, etc. that will vary based on NCI's performance without any other action.

Historical Performance

Adjusted Earnings (Loss) per Diluted Common Share is a non-GAAP financial measure which is reconciled

to the most comparable GAAP financial measure as indicated in the Appendix. The Adjusted Earnings

(Loss) per Diluted Common Share has been retrospectively adjusted for the Reverse Stock Split that

occurred on March 5, 2010.

* Adjusted EBITDA is defined in the Company’s credit facilities and is calculated within the Appendix.

Adjusted Earnings (Loss) Per Diluted Common Share*

Adjusted EBITDA*

Sales

$11.70

$12.15

$5.03

$8.40

$6.00

$12.65

$11.78

$16.41

$13.89

$19.54

-$0.68

-$3.21

-$5

$10

$15

$20

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Earnings Per Share

$146

$154

$105

$100

$84

$128

$138

$176

$201

$45

$16

$50

$100

$150

$200

$250

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Adjusted EBITDA

$937

$1,018

$955

$953

$898

$1,085

$1,130

$1,571

$1,625

$1,763

$965

$871

$250

$500

$750

$1,000

$1,250

$1,500

$1,750

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Sales

Seasonal Trends

For Fiscal Q1 2004 through Q4 2010

*Sales amounts have been retrospectively adjusted as a result of certain reclassifications due to the further integration of RCC and the rationalization of our operations.

$20.9

$24.3

$36.0

$47.2

$27.9

$28.4

$35.8

$45.6

$31.3

$30.9

$52.2

$61.6

$34.3

$28.3

$53.9

$59.7

$30.7

$42.5

$66.8

$61.0

$1.6

$3.1

$21.4

$18.5

-$2.6

$1.1

$10.2

$7.4

$215

$255

$296

$319

$245

$251

$293

$341

$293

$330

$449

$499

$360

$368

$434

$463

$361

$416

$477

$509

$260

$224

$238

$243

$182

$202

$245

$242

-$25

$25

$50

$75

$100

$125

$150

$175

$200

$225

$250

$275

$300

$325

$350

$375

$400

$425

$450

$475

$500

$525

$550

-$4

$12

$16

$20

$24

$28

$32

$36

$40

$44

$48

$52

$56

$60

$64

$68

$72

$76

$80

$84

$88

'04

'05

'06

'07

'08 *

'09 *

'10*

'10

Adjusted EBITDA

Sales

NCI Capital Structure Over Time

NCI Sales

NCI’s Capital Structure

Overall Nonresidential Construction Spending

$865

$937

$1,018

$955

$953

$898

$1,085

$1,130

$1,571

$1,625

$1,763

$965

$871

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Sales

$565

$474

$433

$417

$368

$297

$249

$217

$373

$498

$497

$474

$150

$136

$146

$154

$105

$100

$84

$128

$138

$176

$201

$45

$16

$100

$200

$300

$400

$500

$600

May

1998

Oct

1998

Oct

1999

Oct

2000

Oct

2001

Nov

2002

Nov

2003

Oct

2004

Oct

2005

Oct

2006

Oct

2007

Nov

2008

Nov

2009

Oct

2010

Outstanding Debt

Adjusted EBITDA LTM

$60

$80

$100

$120

$140

$160

$180

$200

$220

$240

$260

Source:

McGraw-Hill

Cash Flow

(750,796)

33,531

759,597

53,004

95,336

(21,657)

2,589

(19,068)

(235,874)

250,000

(54,659)

(451)

(12,967)

(53,951)

(99)

22,218

Includes $622.6 million for goodwill and other intangible asset impairment, $97.6 million debt extinguishment charge, $40 million lower of cost or market charge, $11.2 million change of control charges,

$9.1 million restructuring charges and $6.3 million asset impairment.

2007

2005

2004

2003

2006

2008

44,890

22,974

10,029

(54,163)

23,730

(9,327)

3,316

(6,011)

(243,750)

200,000

20,049

(23,701)

(5,982)

22,800

23,007

4,284

19,177

69,268

(4,310)

(17,912)

3,891

(18,331)

(48,550)

(114)

2,401

(46,263)

4,674

51,337

24,488

14,540

27,902

118,267

(27,399)

(19,524)

1,118

(45,805)

(23,700)

180,000

(40,676)

4,408

120,032

192,494

68,946

31,092

13,804

7,672

121,514

(366,598)

(27,056)

308

(393,346)

(78,511)

200,000

(37,572)

12,104

96,021

133

(175,678)

58,568

36,242

6,418

36,397

137,625

(20,086)

(42,041)

5,764

(56,363)

(91,447)

90,500

(36,122)

5,444

(31,625)

379

50,016

($ in thousands)

2009

Net Income (Loss)

Depreciation & Amortization

Other Non-cash items

Changes in Working Capital

Operating Cash Flow

Acquisitions

Capital Expenditures

Other

Investing Cash Flow

Debt Repayment

Debt Issuance

Convertible Preferred Stock

Refinancing Costs

Stock Repurchases

Other

Financing Cash Flow

Exchange rate changes

Net Increase (Decrease) in Cash

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

73,278

36,333

19,727

(89,144)

40,194

(24,803)

6,113

(18,690)

(26,529)

(2,226)

(1)

(28,756)

399

(6,853)

Includes

($13.0)

million

and

($10.1)

million

for

restricted

cash

for

cash

collateralized

letters

credit

from

fiscal

2009

and

2010,

respectively.

2010

(26,877)

34,504

5,311

(6,632)

6,306

(14,030)

767

(13,263)

(15,669)

(125)

(381)

10,140

(6,035)

(8)

(13,000)

Capitalization

Capitalization and Current Trends

2007

2008

2009

2010

Jan 30, 2011

May 1, 2011

July 31, 2011

Cash

$75

$68

$90

$77

$65

$57

$50

$125 Million Revolver

---

n/a

$125 Million ABL Credit Facility

n/a

---

L+275, Due April 2014

.5% unused Commitment fee

Amended and Restated Term Loan

315

293

150

136

134

133

131

L+600, 2% floor, Due April 2014, quarterly installments of

0.25%

$180 Million 2.25% Convertible Notes

180

---

n/a

Industrial Revenue Bond

---

n/a

Total Debt

$497

$474

$150

$136

$134

$133

$131

Convertible Preferred Stock

---

$223

$257

$258

$267

Dividends payable in cash (8%) or PIK (12%)

Call/Put 2019

Total Stockholders Equity (Deficit)

$540

$624

$50

($3)

($20)

($27)

($31)

Credit Statistics:

Net Debt ¹

$422

$406

$60

$59

$68

$75

$81

Net Indebtedness ²

$447

$424

$100

$86

$84

$83

$81

Debt/LTM Adjusted EBITDA

2.8x

2.4x

3.4x

8.5x

9.3x

6.3x

5.1x

Net Indebtedness/LTM Adjusted EBITDA

2.2x

5.4x

5.8x

3.9x

3.2x

Fixed Charge Coverage Ratio

<1.0x

Term Loan:

Based on the provisions in our Term Loan we effectively have deferred our financial maintenance covenant requirements until at least October 2012.

ABL:

Available borrowing base is a function of eligible inventory and receivables. If the remaining available borrowing capacity under the ABL is less than $15 million, then a minimum fixed charge

coverage ratio of 1.0x must be maintained.

The term “Net Debt” is a commonly used financial term calculated as the Company’s outstanding debt less cash on the balance sheet.

The term “Net Indebtedness” is a defined term in our credit facility used for purposes of calculating leverage covenant compliance. “Net Indebtedness” is calculated similarly to “Net Debt”, however, in

determining “Net Indebtedness,” the amount of cash is limited to $50 million.

Financial Maintenance Covenants:

2009 Recapitalization

Cash

105

Cash

$125 Million Revolver (L+175)

$125 Million ABL Revolver (L+450)

Term Loan (L+150)

293

Term Loan (L+600, 2% floor)

150

$180 Million 2.25% Convertible Notes

180

Total Debt

150

Industrial Revenue Bond

Total Debt

474

Net Debt

369

Convertible Preferred Stock

223

Stockholder's Deficit

(18)

Stockholder's Equity

Financial Covenants

Capitalization

Aug 2, 2009

Capitalization

Nov 1, 2009

Leverage Ratio Covenant: 4.0x

Senior Leverage Ratio Covenant: 2.75x

Net Indebtedness to Adjusted EBITDA

Covenant Beginning in October 2011: 5.0x

then quarterly step downs

ABL Fixed Charge Coverage Covenant:

1.0:1.0 required only when excess available

borrowings are less than $15 million.

Recapitalization

Oct 20, 2009

* On March 5, 2010, the Company filed an amendment to its Certificate of Incorporation to effect the Reverse Stock Split at an exchange ratio of 1-to-5. As such, we have retrospectively

adjusted the shares of common stock.

Replaced revolver with $125

million undrawn ABL facility.

Prior revolver matured in June

2009. The ABL facility matures

in April 2014.

Amended/Extended term loan

and paid down $143 million.

Extended maturity date from

June 2010 to April 2014.

Exchanged convertible notes

for $90 million cash and 14.0*

million shares of common

stock.

Sold $250 million convertible

preferred stock. The preferred

stock has a call/put feature in

2019.

Dividends may be paid in cash (8% annual rate) or in-kind (12% annual rate) at the Company’s option:

Dividend payment dates: March 15 , June 15 , September 15 and December 15 .

Credit facility restrictions:

Both our ABL Facility and Term Loan Credit Facility restrict our

ability to pay cash dividends until the first quarter of fiscal

2011.

Thereafter, cash dividend payments are generally limited under our term loan to 50% of the consolidated net income

accumulated subsequent to August 2, 2009, subject to specified adjustments, less the sum of all previous distributions. The

term loan permits the payment of cash dividends up to a maximum of 14.5 million during the term of the loan in the

absence of accumulated earnings.

Dividend Elimination or “knock-out”:

The dividend rate becomes 0% permanently, if at any time after April 2012 the trading price of our common stock exceeds

$12.75 (adjusted for stock splits, etc.) for 20 consecutive trading days. However, in the event of a default, as defined,

certain penalty dividends may be required.

Summary of Preferred and Common Stock Outstanding

Number of Shares of Common Stock, if

converted

(millions)

October 31, 2010

January 30, 2011

May 1, 2011

July 31, 2011

Series B Convertible Preferred Stock

44.3

45.7

Common Stock

18.4

18.6

Unvested Restricted Common Stock

1.2

1.4

1.3

Total Outstanding Shares, if converted

63.9

64.3

65.6

Note - Subsequent to July 31, 2011, the Company entered into a Waiver and Consent with the CD&R Funds in which the CD&R Funds agreed to accept a paid-in-kind

dividend on their Preferred Shares for the dividend payment period ending September 15, 2011 computed at the per annum rate of 8% rather than the 12%. The Company

waived certain rights through October 30, 2011 to issue up to $5 million worth of its Common Stock. As a result of accruing the dividend at the stated 12% rate, and

subsequently agreeing to the lower 8% rate, a dividend accrual reversal of $1.4 million will be recorded in the fourth quarter of fiscal 2011 related to dividends accrued

between June 16, 2011 and July 31, 2011. There is no assurance that the holders of preferred stock will agree to the lower rate of 8% in future periods. At October 31, 2010

and July 31, 2011, the liquidation preference of the Series B was $282.5 million and $291.0 million, respectively.

Convertible Preferred Stock

Key Terms Regarding Dividend Payments

Simplified Beneficial Conversion Feature (BCF) Charge

Illustration for Paid In-Kind Dividends

(Dollars and shares in thousands, except per share information)

Daily

Dividend

Accrual (1)

Conversion

Price Per

Share (2)

Closing

Stock

Price

BCF Amount

Per Converted

Common Share

Shares of

Common

Stock, if

Converted

Total BCF Charge

(Assuming stock price

of $8 to $15) (3)

Day 1

86.2

6.374

10.00

3.626

13.5

49.1

Day 2

86.2

6.374

5.00

13.5

Day 3

86.2

6.374

12.00

5.626

13.5

76.1

…

Day 91

86.2

6.374

12.00

5.626

13.5

76.1

Total

7,900.0

1,250.0

Est. $2,000 - $7,900

The following table illustrates a few selected dates out of a full quarter’s calculation of the BCF charge on our Paid In-Kind Dividends:

(1)

The daily dividend amount is determined quarterly based on the underlying amount of convertible preferred stock outstanding. The daily dividend amount is accrued at an annual rate

of 12% but if it is later paid in cash instead of in-kind, the excess 4% dividend and the related beneficial conversion feature charge would be eliminated in the period in which it is paid.

The Company has the option to pay the dividends in cash at 8% or in-kind at 12%, subject to restrictions in the credit facilities for our term loan and ABL revolver. Further, if at any time

after April 2012, our stock trades above $12.75 for 20 consecutive trading days, the underlying basic preferred stock dividends are permanently eliminated thereafter.

(2)

The conversion price of $6.374 reflects the adjustment for the one-for-five reverse stock split that occurred in March 2010.

(3)

The amount of the beneficial conversion feature charged in any quarter will be the sum of the daily BCF amounts calculated as illustrated above and will depend on the daily closing

price of our stock in relation to the $6.374 conversion price. The charge is limited or “capped” at the underlying dividend amount. As an example, based on a daily stock price ranging

between $8 and $15, the estimated quarterly charge would be $2 million to $7.9 million.

Simplified Illustration of Diluted EPS

(dollars and shares in millions, except per share amounts)

(amounts are provided for illustration and are NOT historical or forward looking)

WTD AVG.

EXAMPLE A

EXAMPLE B

OWN. INT.

LOSS

EARNINGS

Diluted EPS Numerator, Two Class Method

Net income (loss) (GAAP)

(100.0)

100.0

Deduct Convertible Preferred Stock dividend

(7.5)

Deduct Convertible Preferred Stock accretion

(0.5)

Deduct non-cash beneficial conversion feature charge

(5.0)

Net income (loss) applicable to common shares

(113.0)

87.0

Deduct earnings allocated to participating securities (1)

Unvested restricted common stock

1.7

Convertible Preferred Stock

67%

58.3

Net income (loss) allocated to common shares

31%

(113.0)

27.0

Diluted EPS Denominator, Two Class Method

Weighted average common shares outstanding

19.5

Unvested restricted common stock

(1.5)

Dilutive impact of stock options outstanding (2)

1.0

Diluted weighted average common shares outstanding

18.0

19.0

Diluted Earnings Per Share, Two Class Method (3)

(6.28)

1.42

(1)

Earnings are allocated between those securities that have rights to participate in future dividend distributions based on their relative weighted average ownership interests. Losses are not allocated to participating

securities because they are not contractually obligated to fund or otherwise share in those losses.

(2)

Example B assumes that stock options are dilutive after having applied the treasury stock method.

(3)

If using the “if converted” method resulted in lower diluted earnings per share than the two class method, the lower amount would generally be reported. However, given the Company’s capital structure, this is not

to occur.

Adjusted Earnings (Loss) Per Diluted Common Share

The Company discloses a tabular comparison of “Adjusted” earnings (loss) per diluted common share and net income (loss), which are non-GAAP measures because they are referred to in the text of

our press releases and are instrumental in comparing the results from period to period. “Adjusted” diluted earnings (loss) per common share and net income (loss) should not be considered in

On March 5, 2010, the Company filed an amendment to its Certificate of Incorporation to effect the Reverse Stock Split at an exchange ratio of 1-for-5. As such, we have retrospectively adjusted

basic and diluted earnings per share, common stock, stock options, and common stock equivalents for the reverse stock split in all periods presented.

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Earnings (loss) per diluted to common share,

GAAP basis

$12.15

$4.55

$(9.05)

$6.00

$11.20

$12.08

$15.91

$13.89

$18.49

$(171.18)

$(17.07)

Goodwill and other intangible asset

impairment

17.45

136.26

Debt extinguishment and refinancing costs

1.45

21.70

Lower of cost or market adjustment

0.45

5.85

Convertible preferred stock beneficial

conversion feature

2.39

13.73

Change in control charges

1.56

Restructuring charge

0.48

0.15

1.27

0.12

Asset impairment

0.88

0.03

Interest rate swap

0.43

Environmental and other contingency

adjustments

0.16

0.01

Gain on embedded derivative

(0.03)

Executive retirement costs

0.45

Group medical benefit

(0.30)

Adoption of FAS 123 (R)

0.50

"Adjusted" diluted earnings (loss) per

common share

a,b

$12.15

$5.03

$8.40

$6.00

$12.65

$11.78

$16.41

$13.89

$19.54

$(0.68)

$(3.21)

isolation or as a substitute for earnings (loss) per diluted common share and net income (loss) as reported on the face of our statement income.

Adjusted Net Income (Loss) Applicable to Common Shares

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Net income (loss) applicable to common

shares, GAAP basis

$44,407

$16,535

$(33,773)

$22,800

$44,890

$51,337

$68,946

$58,568

$73,278

$(753,633)

$(311,227)

Goodwill and other intangible asset

impairment

65,087

599,966

Debt extinguishment and refinancing costs

5,766

95,559

(49)

Lower of cost or market adjustment

1,687

25,773

Convertible preferred stock beneficial

conversion feature

10,526

250,294

Change in control charges

6,880

Restructuring charge

1,745

652

5,576

2,296

Asset impairment

3,875

696

Interest rate swap

1,893

Environmental and other contingency

adjustments

687

116

Gain on embedded derivative

(609)

Executive retirement costs

1,748

Group Medical Benefit

(1,250)

Adoption of FAS 123 (R)

2,116

1,748

"Adjusted" net income (loss) applicable

to common shares

$44,407

$18,280

$31,314

$22,800

$50,656

$50,087

$71,062

$60,316

$77,462

$(2,898)

$(58,483)

The Company discloses a tabular comparison of “Adjusted” earnings (loss) per diluted common share and net income (loss), which are non-GAAP measures because they are referred to in the text of our press releases and are

instrumental in comparing the results from period to period. “Adjusted” diluted earnings (loss) per common share and net income (loss) should not be considered in isolation or as a substitute for earnings (loss) per diluted

common share and net income (loss) as reported on the face of our statement income.

Reconciliation

Quarterly

Adjusted

EBITDA

Net

Income

(Loss)

($ in thousands))

a, b

2008

a, b

2008

a, b

2008

a, b

2008

a, b

2009

a, b

2009

a, b

2009

a, b

2009

a, b

2010

2011

Net Income (Loss)

6,100

13,466

30,494

23,218

(529,981)

(121,571)

2,607

(101,851)

(10,486)

(7,656)

(3,299)

(5,436)

(12,725)

(3,229)

2,593

Income Taxes

3,823

8,537

18,554

17,092

(34,861)

(16,382)

1,825

(7,495)

(5,779)

(5,536)

(221)

(1,794)

(5,009)

(1,786)

---

Interest Expense, Net

8,522

7,748

7,463

7,761

6,623

6,168

6,487

9,578

4,507

4,670

4,392

4,258

4,177

3,870

3,864

Depreciation &

Amortization

9,144

8,645

8,665

8,334

8,324

8,436

7,586

7,640

7,522

7,479

7,457

7,309

7,236

7,187

Stock-Based Comp

2,871

3,442

1,563

1,628

1,372

1,177

1,241

1,045

801

1,403

1,374

1,375

1,685

1,671

1,776

Goodwill & Other

Intangible Asset

Impairment

---

517,628

104,936

---

Cash Restructuring

Charges (Recovery)

226

640

150

2,479

3,796

1,213

1,564

524

829

551

1,628

---

(575)

Transaction Costs

---

629

401

107,718

174

---

(250)

---

Lower of Cost or Market

Adjustment, Net

---

2,739

29,378

10,608

---

Asset Impairments

(recovery)

---

157

623

5,295

347

1,029

(116)

(64)

221

---

(93)

Gain on Embedded

Derivative

---

(919)

(4)

(7)

(6)

Pre-Acquisition

Contingency

Adjustment

---

178

252

---

ADJUSTED EBITDA

30,686

42,478

66,782

61,079

1,585

3,092

21,386

18,546

(2,627)

1,069

10,183

7,482

(4,391)

7,707

14,746

Note: Adjusted EBITDA is defined in the Company’s credit facilities, as amended from time to time.

On October 20, 2009, the Company amended and restated its Term Note facility which defines adjusted EBITDA. Adjusted EBITDA excludes non-cash charges for goodwill and other asset impairments,

lower of cost or market charges and stock compensation as well as certain non-recurring charges. As such, the historical information is presented in accordance with the definition above. Concurrent with

the amendment and restatement of the term note facility, the Company entered into an Asset-Backed Lending facility which has substantially the same definition of adjusted EBITDA except that the ABL

facility caps certain non-recurring charges. The Company is disclosing adjusted EBITDA, which is a non-GAAP measure, because it is used by management and provided to investors to provide comparability

of underlying operational results.

Amounts have been retrospectively adjusted as a result of the adoption, effective November 2, 2009, of ASC Subtopic 470-20, “Debt with Conversion and Other Options” as well as certain additional

reclassifications due to the further integration of RCC and the rationalization of our operations.

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Net Income (Loss)

37,318

44,577

44,407

16,535

(33,773)

22,800

44,890

51,337

68,946

58,568

73,278

(750,796)

(26,877)

Income Taxes

24,531

32,294

32,866

16,151

19,970

14,758

29,767

37,383

42,213

37,879

48,006

(56,913)

(13,330)

Interest Expense, Net

20,756

35,449

39,069

33,090

21,591

19,777

15,126

16,931

27,353

36,468

31,494

28,856

17,827

Depreciation & Amortization

17,818

28,542

33,487

34,866

22,883

23,007

22,974

24,488

30,292

34,697

34,788

31,986

29,767

401(k) Stock Contributions

2,219

4,144

3,677

3,491

3,581

3,229

5,080

3,849

Stock-Based Compensation

683

3,684

7,161

8,610

9,504

4,835

4,953

Goodwill & Other Intangible Asset

Impairment

622,564

Cash Restructuring Charges

1,059

9,052

3,532

Transaction Costs

108,748

(76)

Lower of Cost or Market Adjustment, Net

2,739

39,986

Asset Impairment

157

6,291

1,070

Non-Cash Real Estate Write Down,

Net of Tax

1,330

391

Debt Refinancing

1,001

808

9,879

Cumulative Effects of Accounting Change, Net

of Tax

65,087

Embedded Derivative

(937)

Pre-Acquisition Contingency Adjustment

178

ADJUSTED EBITDA

102,642

146,007

153,506

105,463

100,147

83,962

128,399

137,672

175,965

176,222

201,025

44,609

16,107

Includes a pre-tax non-cash charge of $67.4 million from adopting SFAS No. 142, Goodwill and Other Intangible Assets.

Note: Adjusted EBITDA is defined in the Company’s credit facilities, as amended from time to time.

Reconciliation of Annual Adjusted EBITDA To Net Income

(Loss)

On October 20, 2009, the Company amended and restated its Term Note facility which defines adjusted EBITDA. Adjusted EBITDA excludes non-cash charges for goodwill and other asset impairments, lower of cost or market charges

and stock compensation as well as certain non-recurring charges. As such, the historical information is presented in accordance with the definition above. Concurrent with the amendment and restatement of the term note facility, the

Company entered into an Asset-Backed Lending facility which has substantially the same definition of adjusted EBITDA except that the ABL facility caps certain non-recurring charges. The Company is disclosing adjusted EBITDA, which

is a non-GAAP measure, because it is used by management and provided to investors to provide comparability of underlying operational results.

(in thousands)

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

b,c

2009

b,c

2010

Operating Income (Loss), GAAP Basis

79,309

108,442

113,670

64,825

72,224

57,163

96,976

104,470

137,985

131,720

154,826

(683,318)

(24,587)

Goodwill and Other Intangible Impairments

622,564

Goodwill Amortization

11,208

11,468

12,232

Lower of Cost or Market Charge

2,739

39,986

Change in Control Charges

11,168

Restructuring Charges

2,815

1,059

9,052

3,532

Asset Impairments

157

6,291

1,070

Executive Retirement

2,852

Environmental and Other Contingency

Adjustments

1,115

178

Nonrecurring Acquisition Expense

2,060

Adjusted

Operating

Income

(Loss)

81,369

119,650

125,138

79,872

72,224

57,163

96,976

104,470

137,985

131,720

161,633

6,858

(19,807)

Amounts have been retrospectively adjusted as a result of the adoption, effective November 2, 2009, of ASC Subtopic 470-20, "Debt with Conversion and Other Options."

Amounts have been retrospectively adjusted as a result of certain reclassifications due to the further integration of RCC and the rationalization of our operations.

Reconciliation of Operating Income (Loss) to Adjusted Operating

Income (Loss) Excluding Special Charges

The Company discloses a tabular comparison of Adjusted operating income (loss), which is a non-GAAP measure because it is instrumental in comparing the results from period to period. Adjusted operating income (loss) should not be

considered in isolation or as a substitute for operating income (loss) as reported on the face of our statement of income.

For the Year Ended October 31, 2010

Metal Coil Coating

Metal Components

Engineered Building

Systems

Corporate

Consolidated

Operating Income (Loss), GAAP basis

$16,166

$26,791

($18,438)

($49,106)

($24,587)

Restructuring Charges

---

510

3,022

---

3,532

Asset Impairments

---

147

923

---

1,070

Pre-acquisition Contingency Adjustment

---

178

---

178

$16,166

$27,448

($14,315)

($49,106)

($19,807)

For the Year Ended November 1, 2009

Metal Coil Coating

Metal Components

Engineered Building Systems

Corporate

Consolidated

Operating Income (Loss), GAAP Basis

($99,689)

($130,039)

($389,007)

($64,583)

($683,318)

Goodwill and Other Intangible Asset Impairment

98,959

147,239

376,366

---

622,564

Lower of Cost or Market Charge

8,102

17,152

14,732

---

39,986

Change in Control Charges

---

11,168

Restructuring Charges

103

1,306

7,440

203

9,052

Asset Impairments

---

714

4,368

1,209

6,291

Environmental and Other Contingency Adjustments

---

1,115

---

1,115

$7,475

$36,372

$15,014

($52,003)

$6,858

Reconciliation of Operating Income (Loss) to Adjusted Operating

Income (Loss) Excluding Special Charges

“Adjusted”

Operating

Income

(Loss)

“Adjusted”

Operating

Income

(Loss)

The Company discloses a tabular comparison of “Adjusted” operating income (loss), which is a non-GAAP measure because it is referred to in the text of our press release and is instrumental in comparing

the results from period to period. “Adjusted” operating income (loss) should not be considered in isolation or as a substitute for operating income (loss) as reported on the face of our statement of

operations.

Reconciliation of Segment Sales to Third Party Segment Sales

($ in thousands))

2008

Q1 2009

Q1 2010

Q1 2011

Metal Coil Coating

Total Sales

62,275

14%

41,501

13%

39,031

17%

42,274

18%

Inter-segment

(42,893)

(30,077)

(26,223)

(25,081)

Third Party Sales

19,382

11,424

12,808

17,193

Operating Profit (Loss)

2,687

14%

(63,760)

(558%)

3,119

24%

3,444

20%

Metal Components

Total Sales

145,167

34%

121,480

39%

86,806

38%

90,305

39%

Inter-segment

(21,804)

(20,438)

(16,668)

(16,289)

Third Party Sales

123,363

34%

101,042

39%

70,138

39%

74,016

39%

Operating Profit (Loss)

9,519

(128,607)

(127%)

1,791

353

Engineered Building Systems

Total Sales

226,224

52%

151,848

48%

101,938

45%

101,412

43%

Inter-segment

(7,655)

(4,511)

(2,677)

(2,535)

Third Party Sales

218,569

61%

147,337

57%

99,261

55%

98,877

52%

Operating Profit (Loss)

20,463

(352,214)

(238%)

(5,818)

(6%)

(5,410)

(5%)

Consolidated

Total Sales

433,666

100%

314,829

100%

227,775

100%

233,991

100%

Inter-segment

(72,352)

(55,026)

(45,568)

(43,905)

Third Party Sales

361,314

100%

259,803

100%

182,207

100%

190,086

100%

Operating Profit (Loss)

18,510

(557,833)

(214%)

(12,732)

(7%)

(14,136)

(7%)

Amounts have been retrospectively adjusted as a result of certain reclassifications due to the further integration of RCC and the rationalization of our operations.

Significant special charges include $517.6 million related to goodwill and intangible asset impairments and $29.4 million related to inventory lower of cost or market write downs.

Reconciliation of Segment Sales to Third Party Segment Sales

($ in thousands))

2008

Q2 2009

Q2 2010

Q2 2011

2008

H1 2009

H1 2010

H1 2011

Metal Coil Coating

Total Sales

80,171

16%

39,526

15%

44,759

18%

47,927

17%

142,446

15%

81,027

14%

83,790

17%

90,201

17%

Inter-segment

(52,883)

(27,313)

(27,663)

(30,942)

(95,776)

(57,390)

(53,886)

(56,023)

Third Party Sales

27,288

12,213

17,096

16,985

46,670

26,637

29,904

34,178

Operating Profit (Loss)

6,698

25%

(42,982)

(352%)

4,092

24%

4,378

26%

9,385

20%

(106,742)

(401%)

7,211

24%

7,822

23%

Metal Components

Total Sales

165,384

33%

101,554

37%

95,069

37%

103,375

37%

310,551

33%

223,034

38%

181,875

38%

193,680

38%

Inter-segment

(26,031)

(14,874)

(20,693)

(20,762)

(47,835)

(35,312)

(37,361)

(37,051)

Third Party Sales

139,353

33%

86,680

39%

74,376

37%

82,613

37%

262,716

34%

187,722

39%

144,514

37%

156,629

38%

Operating Profit (Loss)

15,170

11%

(28,117)

(32%)

5,613

7,400

24,689

(156,724)

(83%)

7,404

7,753

Engineered Building Systems

Total Sales

259,280

51%

128,795

48%

113,403

45%

129,790

46%

485,504

52%

280,643

48%

215,341

45%

231,202

45%

Inter-segment

(10,151)

(3,407)

(3,302)

(3,823)

(17,806)

(7,918)

(5,979)

(6,358)

Third Party Sales

249,129

60%

125,388

56%

110,101

55%

125,967

56%

467,698

60%

272,725

56%

209,362

55%

224,844

54%

Operating Profit (Loss)

25,326

10%

(46,350)

(37%)

(5,649)

(5%)

(154)

(0%)

45,789

10%

(398,564)

(146%)

(11,467)

(5%)

(5,564)

(2%)

Consolidated

Total Sales

504,835

100%

269,875

100%

253,231

100%

281,092

100%

938,501

100%

584,704

100%

481,006

100%

515,083

100%

Inter-segment

(89,065)

(45,594)

(51,658)

(55,527)

(161,417)

(100,620)

(97,226)

(99,432)

Third Party Sales

415,770

100%

224,281

100%

201,573

100%

225,565

100%

777,084

100%

484,084

100%

383,780

100%

415,651

100%

Operating Profit (Loss)

29,538

(132,018)

(59%)

(9,157)

(5%)

(1,844)

(1%)

48,048

(689,851)

(143%)

(21,889)

(6%)

(15,980)

(4%)

Amounts have been retrospectively adjusted as a result of certain reclassifications due to the further integration of RCC and the rationalization of our operations.

Significant special charges include: $104.9 million related to goodwill and intangible asset impairments ($622.6 million YTD); and, $10.6 million related to inventory lower of cost or market write downs

($40.0 million YTD).

Reconciliation of Segment Sales to Third Party Segment Sales

($ in thousands))

2008

Q3 2009

Q3 2010

Q3 2011

Metal Coil Coating

Total Sales

90,731

15%

44,256

15%

51,200

17%

54,472

16%

Inter-segment

(62,842)

(28,196)

(33,315)

(34,651)

Third Party Sales

27,889

16,060

17,885

19,821

Operating Profit (Loss)

11,352

41%

1,016

29%

5,201

29%

5,219

26%

Metal Components

Total Sales

202,826

35%

113,216

37%

115,507

37%

116,050

36%

Inter-segment

(34,367)

(17,134)

(26,090)

(23,049)

Third Party Sales

168,459

35%

96,082

37%

89,417

37%

93,001

35%

Operating Profit (Loss)

32,171

19%

13,128

12%

10,567

12%

6,545

Engineered Building Systems

Total Sales

292,127

50%

129,819

46%

141,446

46%

155,046

48%

Inter-segment

(11,468)

(4,101)

(3,456)

(5,730)

Third Party Sales

280,659

59%

125,718

56%

137,990

56%

149,316

57%

Operating Profit (Loss)

28,506

10%

9,042

(3,112)

(2%)

7,877

Consolidated

Total Sales

585,684

100%

287,291

100%

308,153

100%

325,568

100%

Inter-segment

(108,677)

(49,431)

(62,861)

(63,430)

Third Party Sales

477,007

100%

237,860

100%

245,292

100%

262,138

100%

Operating Profit (Loss)

55,697

12%

10,227

1,076

6,569

Amounts have been retrospectively adjusted as a result of certain reclassifications due to the further integration of RCC and the rationalization of our operations.

Reconciliation of Segment Sales to Third Party Segment Sales

($ in thousands))

Q4 2008

Q4 2009

Q4 2010

2008

H2 2009

H2 2010

Metal Coil Coating

Total Sales

72,480

12%

44,614

15%

46,884

16%

163,211

14%

88,870

15%

98,084

16%

Inter-segment

(50,082)

(31,122)

(29,433)

(112,924)

(59,318)

(62,748)

Third Party Sales

22,398

13,492

17,451

50,287

29,552

35,336

Operating Profit (Loss)

8,575

38%

6,037

45%

3,754

22%

19,927

40%

7,053

24%

8,955

25%

Metal Components

Total Sales

201,878

33%

122,484

41%

118,475

39%

404,704

34%

235,700

40%

233,982

39%

Inter-segment

(33,043)

(17,156)

(24,329)

(67,410)

(34,290)

(50,419)

Third Party Sales

168,835

33%

105,328

43%

94,146

39%

337,294

34%

201,410

42%

183,563

38%

Operating Profit (Loss)

25,242

15%

13,557

13%

8,820

57,413

17%

26,685

13%

19,387

11%

Engineered Building Systems

Total Sales

331,484

55%

128,476

44%

133,959

45%

623,611

52%

258,295

44%

275,405

45%

Inter-segment

(14,068)

(3,988)

(4,102)

(25,536)

(8,089)

(7,558)

Third Party Sales

317,416

63%

124,488

51%

129,857

54%

598,075

61%

250,206

52%

267,847

55%

Operating Profit (Loss)

33,857

11%

515

(3,859)

(3%)

62,363

10%

9,557

(6,971)

(3%)

Consolidated

Total Sales

605,842

100%

295,574

100%

299,318

100%

1,191,526

100%

582,865

100%

607,471

100%

Inter-segment

(97,193)

(52,266)

(57,864)

(205,870)

(101,697)

(120,725)

Third Party Sales

508,649

100%

243,308

100%

241,454

100%

985,656

100%

481,168

100%

486,746

100%

Operating Profit (Loss)

51,202

10%

(3,694)

(2%)

(3,774)

(2%)

106,899

11%

6,533

(2,698)

(1%)

Amounts have been retrospectively adjusted as a result of certain reclassifications due to the further integration of RCC and the rationalization of our operations.

Significant special charges include: goodwill and intangible asset impairments ($622.6 million YTD); inventory lower of cost or market write downs ($40.0 million YTD); and $11.2 million change of control charges .

($ in thousands))

2008

FY 2009

FY 2010

Metal Coil Coating

Total Sales

305,657

14%

169,897

15%

181,874

17%

Inter-segment

(208,700)

(116,708)

(116,634)

Third Party Sales

96,957

53,189

65,240

Operating Profit (Loss)

29,312

30%

(99,689)

(187%)

16,166

25%

Metal Components

Total Sales

715,255

34%

458,734

39%

415,857

38%

Inter-segment

(115,245)

(69,602)

(87,780)

Third Party Sales

600,010

34%

389,132

40%

328,077

38%

Operating Profit (Loss)

82,102

14%

(130,039)

(33%)

26,791

Engineered Building Systems

Total Sales

1,109,115

52%

538,938

46%

490,746

45%

Inter-segment

(43,342)

(16,007)

(13,537)

Third Party Sales

1,065,773

61%

522,931

55%

477,209

55%

Operating Profit (Loss)

108,152

10%

(389,007)

(74%)

(18,438)

(4%)

Consolidated

Total Sales

2,130,027

100%

1,167,569

100%

1,088,477

100%

Inter-segment

(367,287)

(202,317)

(217,951)

Third Party Sales

1,762,740

100%

965,252

100%

870,526

100%

Operating Profit (Loss)

154,947

(683,318)

(71%)

(24,587)

(3%)

Amounts have been retrospectively adjusted as a result of certain reclassifications due to the further integration of RCC and the rationalization of our operations.

Significant special charges include: goodwill and intangible asset impairments ($622.6 million); inventory lower of cost or market write downs ($40.0 million); and change of control charges

($11.2 million).

Reconciliation of Segment Sales to Third Party Segment Sales

NCI Green Benefits

Metal construction products:

Have 25%-35% post-consumer recycled content

Are highly durable and have long life spans

Are Virtually 100% recyclable

Through the use of Cool Roof colors with improved solar

reflectivity and emissivity values we are able to:

Reduce the heat island effect, which increases environmental

temperatures and exacerbates pollution

Lower energy consumption in warmer climates

Insulated Metal Panels provide higher R-Values per inch,

insulation continuity, and a continuous air barrier, increasing

energy efficiency. Using less energy:

Decreases Green House Gas emissions

Lowers operating costs

Reduces dependence on foreign fuel

Environmental

Economic

Health and Community

Regulatory Requirements

2004

2007

2008

Prop. 2010

Edition

Roof

Wall

The building envelope is being required to

support many of the regulatory demands to

increase energy efficiency for the complete

building system.

The reduction of air infiltration is the next major step

in code requirements towards improving the energy

efficiency of a building envelope.

NCI manufactures products that meet these requirements today.

R-Value Source: American Society of Heating Refrigeration, and Air

Conditioning Engineers, Energy Standard for Buildings Except Low-Rise Residential Buildings, Versions as noted.

Note: These values are based on averages of all construction types, excluding mass walls and attics, of a representative climate

zone (4).

Assembly Air Filtration Sources:

American Society of Heating Refrigeration, and Air Conditioning Engineers, Energy Standard for Buildings Except Low-Rise Residential Buildings, Addendum bf, First Public Review, June 2009.

MBCI Engineering technical Bulletin Nos. 202-01-00 and 175-01-97, Revised 02-27-2002..

Note: Air infiltration volumes are measured at reference pressures that sometimes don’t match depending on the applicable standard.

In order to compare values, infiltration rates shown have been normalized to ASHRAE’s reference pressure of

1.57 psf.

Actual data ran at the reference pressure will vary somewhat from this.

NCI is an authorized reseller of Metl-Span panels.

R-Value Trends in ASHRAE 90.1

Assembly Air Infiltration

0.005

0.01

0.015

0.02

0.025

0.03

0.035

0.04

0.045

Proposed ASHRAE

Maximum

Insulated BattenLok

BattenLok

DoubleLok

Primary Energy

Consumption

Weighted

Resource Use

Global Warming

Potential

Acidification

Potential

Human Health

Respiratory

Effects Potential

Eutrophication

Potential

Ozone Depletion

Potential

Smog Potential

ISO 14440 Impact Category

Reinforced Concrete

Glue-Laminated Wood

Conventional

Structural Steel

Metal Building System

Source: Athena Institute EcoCalculator, Version 3.3 for low-rise construction in ASHRAE 90.1 Climate Zone 3, obtained from http://www.athenasmi.org/tools/ecoCalculator/downloadEcoCalculator.php

Note: Data shown is for framing (columns and beams) only.

Data has been normalized to performance of Pre-Engineered Building System (Short Span) which will have a value of 1.0 for all impacts accordingly.

Less

Life Cycle Assessment

LCA Impacts for Various Types of Framing