AirBoss of America Corp. Annual General Meeting · This presentation has been prepared by AirBoss of America Corp. (“AirBoss”)for the sole purpose of providing preliminary information

1 | AirBoss of America Corp.

AirBoss of America Corp.Annual General MeetingMay 11, 2017


Forward Looking Statements

Certain statements contained or incorporated by reference herein, including those that express management’s expectations or estimates of

future developments or AirBoss’ future performance, constitute “forward-looking statements” within the meaning of applicable securities laws,

and can generally be identified by words such as “will”, “may”, “could” “expects”, “believes”, “anticipates”, “forecasts”, “plans”, “intends” or

similar expressions. These statements are not historical facts but instead represent management’s expectations, estimates and projections

regarding future events and performance.

Forward-looking statements are necessarily based upon a number of opinions, estimates and assumptions that, while considered reasonable

by management at the time the statements are made, are inherently subject to significant business, economic and competitive risks,

uncertainties and contingencies. AirBoss cautions that such forward-looking statements involve known and unknown contingencies,

uncertainties and other risks that may cause AirBoss’ actual financial results, performance or achievements to be materially different from its

estimated future results, performance or achievements expressed or implied by those forward-looking statements. Numerous factors could

cause actual results to differ materially from those in the forward-looking statements, including without limitation: impact of general

economic conditions; its dependence on key customers; cyclical trends in the tire and automotive, construction, mining and retail industries;

sufficient availability of raw materials at economical costs; weather conditions affecting raw materials, production and sales; AirBoss’ ability

to maintain existing customers or develop new customers in light of increased competition; AirBoss’ ability to successfully integrate

acquisitions of other businesses and/or companies or to realize on the anticipated benefits thereof; changes in accounting policies and methods,

including uncertainties associated with critical accounting assumptions and estimates; changes in the value of the Canadian dollar relative to

the US dollar; changes in tax laws and potential litigation; ability to obtain financing on acceptable terms; environmental damage caused by it

and non-compliance with environmental laws and regulations; potential product liability and warranty claims and equipment malfunction.

This list is not exhaustive of the factors that may affect any of AirBoss’ forward-looking statements.

All of the forward-looking information in this presentation is expressly qualified by these cautionary statements. Investors are cautioned not to

put undue reliance on forward-looking statements. All subsequent written and oral forward-looking statements attributable to AirBoss or

persons acting on its behalf are expressly qualified in their entirety by this notice. Forward-looking information contained herein is made as of

the date of this presentation and, whether as a result of new information, future events or otherwise, AirBoss disclaims any intent or obligation

to update publicly these forward-looking statements except as required by applicable laws. Risks and uncertainties about AirBoss’s business

are more fully discussed in the Management’s Discussion and Analysis of Financial Condition and Results of Operations in the 2016 Annual

Report to Shareholders under the heading “Risk Factors”.


This presentation has been prepared by AirBoss of America Corp. (“AirBoss”) for the sole purpose of providing preliminary information regarding

AirBoss and its subsidiaries, and is not intended to provide all available information about AirBoss. The material presented is not intended to

modify, qualify, supplement or amend any information disclosed under corporate and securities legislation of any jurisdiction and should not be

relied upon as a representation of any matter that a potential investor should consider in evaluating AirBoss or used for the purposes of making

investment decisions concerning AirBoss Securities.

This presentation is not intended as and shall not constitute an offer, invitation, solicitation, or recommendation with respect to the purchase or sale

of any securities of AirBoss in any jurisdiction.

Non -IFRS Financial Measures

Within this presentation, AirBoss may disclose financial measures such as EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted EPS.

These measures do not have any standardized meanings prescribed by IFRS. Such measures are neither required by, nor calculated in accordance

with IFRS, and therefore are considered Non-IFRS financial measures. AirBoss discloses EBITDA and Adjusted EBITDA as financial measurements

used by interested parties and investors to monitor the ability of an issuer to generate cash from operations for debt service, financing working

capital and capital expenditures and paying dividends. They should not be considered as an alternative to, or more meaningful than, net income (or

any other IFRS financial measure) as an indicator of the company’s performance. Because EBITDA excludes some, but not all, items that affect net

income, the EBITDA and Adjusted EBITDA presented by the Company may not be comparable to similarly titled measures of other companies.

EBITDA represents earnings before interest income, interest expense, income taxes and depreciation and amortization.

Adjusted EBITDA represents earnings before interest income, interest expense, income taxes, depreciation and amortization, and share-based

compensation expenses.

Adjusted Net Income represents net income, before deduction for share-based compensation expenses.

Adjusted EPS represents the net income per share, before deduction for share-based compensations expenses.

Disclaimers


Chairman’s Welcome

Official Business

President’s Address

• 2016 Accomplishments

• Introducing AirBoss Rubber Solutions

• Q1 2017 Update

• 2017/2018 Key Initiatives

Chairman’s Closing Remarks

Questions

Agenda


Strong Leadership

Gren Schoch, Chairman and CEO

Darren WasyluchaSenior Executive Vice President, Corporate

Lisa Swartzman,President

Daniel GagnonCFO

Bradley BerghousePresident – AirBoss Flexible Products

Thomas H. RipleyPresident – AirBoss Defense

Robert DoddPresident – AirBoss Rubber Solutions


Lisa SwartzmanPresident

President’s Address


• Reputation

• People

• Strategic Supplier Partnerships

• Leadership

• Track record of profitable growth.

Building on What Matters Most


Building on our Strengths for the Future


2016 Accomplishments


2016 Summary Financials

2016

In USD$000’s except for EPS Rubber Compounding

AutomotiveEngineered

ProductsCorporate Consolidated

Net Sales 79,954 141,102 46,572 267,628

Gross Profit 17,716 20,258 8,622 46,596

Unadjusted EBITDA 15,380 15,141 1,866 (2,741) 29,646

Adjusted EBITDA1 30,532

Unadjusted Net Income 13,822

Unadjusted EPS (f.d.) 0.59

Adjusted EPS1 (f.d.) 0.62

Summary Statistics

2016 Gross Margin 22.2% 14.4% 18.5% 17.4%

2016 Adjusted EBITDA1 Margin 19.2% 10.7% 4.0% 11.4%

1 Adjusted for stock based compensation expenses


2016 Summary Financials – New Reporting Segments

2016 – New Reporting Segments

In USD$000’s except for EPS Rubber SolutionsEngineered


Net Sales 104,038 163,590 267,628

Gross Profit 20,171 26,425 46,596

Unadjusted EBITDA 17,410 14,977 (2,741) 29,646

Adjusted EBITDA1 30,532

Unadjusted Net Income 13,822

Unadjusted EPS (f.d.) 0.59

Adjusted EPS1 (f.d.) 0.62

Summary Statistics

2016 Gross Margin 19.4% 16.2% 17.4%

2016 Adjusted EBITDA1 Margin 16.7% 9.2% 11.4%

1 Adjusted for stock based compensation expenses


Investing in Success

• 2016 = reinvestment & refocus

• Integrated growth

• Investing in talent


• Drive sustainable profitable growth.

• Sales/Business Development: Revise strategies in all divisions, to generate qualified opportunities

• Focus on value-add activities/products: Deploy existing know-how across new product segments and geographies.

• Operational Efficiencies: Reduce Waste – Scrap/material, Time, $$, resources

• Be ready for inorganic growth: JV/Acquisition/Greenfield/Brownfield

• Secure platform for future growth.

• Invest in IT and data driven, metric based tracking tools

• Enhance controls and risk management

• Expand shared service model where appropriate

• Continued talent pool assessment and upgrade, succession planning.

Aligned for Integrated Growth (More & Better)


Introducing AirBoss Rubber Solutions


2017


Q1 2017 Summary Financials

Q1 2017

In USD$000’s except for EPS Rubber SolutionsEngineered


Net Sales 30,860 39,067 69,927

Gross Profit 5,674 5,422 11,096

EBITDA 5,067 2,724 (776) 7,015

Net Income 2,875

EPS (f.d.) 0.12

Summary Statistics

Q1 2017 Gross Margin 18.4% 13.9% 15.9%

Q1 2017 EBITDA Margin 16.4% 7.0% 10.0%

Q1 2016 Gross Margin 19.4% 18.2% 18.7%

Q1 2016 EBITDA Margin 16.8% 11.3% 13.1%


2017/2018 Key Initiatives


Thank You

• Employees

• Shareholders

• Board of Directors

• Bankers

• Analysts


CEO’s Closing Comments


AirBoss Value Proposition

• Long Term Value Creator

• Outperforming TSX

• Strong dividend growth

• Insider = biggest single group of Shareholders

• Strong Balance Sheet

• Second Best Earnings on Record

• Strong growth potential

• Management aligned with shareholders


TOTAL RETURNOutperforming the TSX


Results Through Strong Management

Gren SchochC.E.O

Lisa Swartzman President


Outperforming the Market


2017 - $0.28

Dividend History

2007- $0.05

• Dividends up >550% in 10 years


AirBoss Value Proposition

• Long Term Value Creator

• Outperforming TSX

• Strong dividend growth

• Insider = biggest single group of Shareholders

• Strong Balance Sheet

• Second Best Earnings on Record

• Strong growth potential

• Management aligned with shareholders


The Path Forward – Planning Ahead

• AirBoss is well positioned for growth

• Strong management team & getting stronger

• Leveraging experience

• Investing in talent

• Strong succession planning

• Forward focused


Acknowledgements

Documents

AirBoss of America Corp. Annual General Meeting · This presentation has been prepared by AirBoss of America Corp. (“AirBoss”)for the sole purpose of providing preliminary information