1. October, 2011 Defense and Industry. Technology Based Solutions
AirBoss of America Corp.
Technology Based Solutions
Defense and Industry.
Infrastructure +
Defense+
Defense+
Heavy-Duty Conveyor Belts +
October, 2011

2. Agenda Overview Introduction AirBoss Rubber Compounding
AirBoss Engineered Products
Management and Personnel
Introduction

3. AirBoss of America Corp.
AirBoss of America Corp., develops, manufactures, and sells rubber-based products for military, transportation, and industrial markets in North America and Europe
EBITDA (C$ Millions)(1)
As per consensus analyst estimates

4. Investment Highlights
North America’s premier industrial rubber producer
2010 EPS $0.55
2011 EPS $0.65 EST
Low net debt
High insider ownership (24%) with management focused on enhancing shareholder value
Rubber Compounding
#1 supplier of rubber compounds to the North American mining and coal industries
Second largest rubber compound manufacturer in North America
Positioned to take advantage of tire company recovery
AirBoss-Defense
World leader in the supply of CBRN protective gloves and boots, including sole supplier to US Military
Sole supplier of gas masks to Canadian DND
Actively seeking strategic acquisition opportunities

5. Agenda Introduction AirBoss Engineered Products
Management and Personnel
AirBoss Rubber Compounding

6. AirBoss Rubber Compounding - Overview
AirBoss of America Corp.
AirBoss Rubber Compounding - Overview
Overview
Manufactures over 1,000 different un-vulcanized custom compounds from synthetic or natural rubber for a wide variety of customers in North America
Note: 2009 EBITDA was negative due to inventory write-downs 6

7. AirBoss of America Corp.
Products +
Infrastructure
Oil & Gas
Cable & Wire
Heavy-duty Conveyor Belts
Mining
Tire & Track
Industrial Automotive
Defense
Compounded Rubber: 250 million pounds capacity 1
AirBoss is one of North America's leading custom rubber mixers with the capacity to supply over 250 million pounds annually.
We continually invest in our manufacturing. Our main facilities in Ontario and Quebec, are supplemented by a state-of-the-art mixing facility in Scotland Neck, North Carolina. 7

8. AirBoss Rubber Compounding – Market Segments
70% of our compounds end up in a mine including conveyor belting, off-road tire retreads, solid tires, truck bed liners and ball mill liners. 8

9. Principal uses are coal and hard rock mining
AirBoss of America Corp.
Products
Heavy-duty
Conveyor Belts
Heavy-duty Conveyor Belts 37% 1
AirBoss is the largest independent compound supplier in North America to the conveyor belt industry.
Principal uses are coal and hard rock mining
Growth Potential – Oil Sands, South America, Australia 9

10. Largest independent supplier of off road tire retread compounds
AirBoss of America Corp.
Products
Mining
Mining and Industrial 23% 1
AirBoss supplies abrasion resistant compounds for mining truck bed liners and ball mill liners
Largest independent supplier of off road tire retread compounds 10

11. Expected Growth over next 24 months North American OEM tire markets
AirBoss of America Corp.
New Markets
Cable & Wire
Cable & Wire: 1
Expected Growth over next 24 months
North American OEM tire markets
New market segments such as wire and cable
Major tire companies 11

12. Leveraging Existing Capacity
2011 at 75%
Moving to 90% in next year
Kitchener - Replacement Cost: US$50 million
Scotland Neck - Replacement Cost: US$15 million 12

13. AirBoss Rubber Compounding- Key Success Factors cont. .
Competitive advantages
Large capacity, state-of-the-art equipment and high level of automation results in highest quality
Maximize efficiency due to larger batch size and shorter production cycles
Utilize world-wide purchasing and strong technical staff in the dedicated labs.
Ability to source raw materials worldwide
Accredited lab for product development 13

14. Agenda Management and Personnel AirBoss Engineered Products
Introduction
AirBoss Rubber Compounding
Management and Personnel
AirBoss Engineered Products 14

15. AirBoss Engineered Products
Overview
AirBoss-Defense accounts for over 70% of AirBoss Engineered Products revenue 15

16. CBRN Products include:
AirBoss-Defense
AirBoss-Defense manufactures protective wear for military and first response applications including gas masks, rubber gloves, boots, over-boots for military applications requiring CBRN contaminant protection, extreme cold weather ("ECW") footwear protection for military use and rubber compounds and pre-forms for military tank track repair.
CBRN Products include:
AirBoss Moulded Glove
AirBoss Lightweight Over-boot
C-4 Gas Mask

17. AirBoss Engineered Products; AirBoss-Defense highlights
Sole supplier of CBRN protective hand wear and foot wear to Canada, US and many NATO countries
Sole supplier of gas mask to Canadian DND
Also supply ECW products and tank repair products

18. AirBoss Engineered Products; AirBoss-Defense Sales Trend
AirBoss-Defense volumes positively impacted by
replacing older, less effective competing technologies

19. AirBoss-Defense key success factors
CBRN Protection Technology
US Military testing confirms that AirBoss-Defense products offer significantly superior performance
Proprietary rubber compounds
Commitment to New Product Development – next generation products
Injection moulded CBRN boot - cost reductions of between $6 and $8 per pair
Gas mask – Next generation light weight
Joint advancement of “sensor” science with Canadian
government

20. AirBoss-Defense Growth Opportunities
In addition to new products
Geographical market expansion
First Response and Fire - Honeywell

21. Financial Data YE Dec. 31 2009A 2010 2011E¹
AirBoss of America Corp.
Financial Data
YE Dec A E¹
Revenue (mm) $ $ $252.3
EBITDA (mm) $ $26.9 $30.4
EV/EBITDA 9.3x 6.2x 6.1x
EPS f.d. $ $ $0.65
P/E x x 8.2x
CFPS $ $ $0.90
P/CF x 5.9x
Net debt (cash) $ $
Book Value $2.94 $3.35 $3.98
P/BV x 2.1x 1.3x
¹ Analyst Estimates 21

22. Summary Industry leaders in both main business segments
Growth opportunities in both
Strong financial position provides strategic acquisition flexibility

23. Summary Strong Working Capital 2.45:1
Debt reduced by 2/3 over last 2 years
Dividend increased from $0.05 per year to $0.15 per year
9 month EBITDA increase of 82%

24. Market Data Close Price - As at October 7, 2011 $5.30 52 week High-low
$ $4.85
Shares Outstanding (000s)
23,610
Free float %
76%
Avg. Volume (last 100 days)
13,168
TTM EBITDA (000s)
$31,035
Net Debt (000s)
$22,392
Market Cap (000s)
$125,307
Enterprise Value (000s)
$147,699
Valuation
Trailing LTM EV/EBITDA
Trailing LTM P/E - Basic

25. Agenda Introduction AirBoss Rubber Compounding
AirBoss Engineered Products
Management and Personnel

26. Management Gren Schoch, Chairman of the Board
Gren Schoch is a professional engineer and ran a successful engineering and geological services company, MPH Consulting, between 1976 and In 1982, he also founded and chaired Petromet Resources, a junior oil and gas exploration company that was sold to Talisman Energy for more than $900 million in Since 1989, Gren has been the Chairman and substantial shareholder of AirBoss.
Robert Hagerman, President and Chief Executive Officer
Robert Hagerman obtained his CA designation in 1976 and was employed in the Montreal and later the London office of Price Waterhouse for 12 years in Audit, Insolvency, and Mergers and Acquisitions. Robert, one of the original founders and directors of AirBoss, was appointed CEO in 1992 and has been instrumental in growing the Company ever since.
Stephen Richards, Vice President, Finance and CFO
Stephen Richards obtained his CA designation in 1988 and was employed with Ernst & Young over a seven year period involved in various Audit, Insolvency and Management Consulting assignments. His primary responsibilities in his career with various transportation and manufacturing companies included strategic planning, systems development and performance improvement.  In his previous role Mr. Richards served as Vice President of Finance for Clarke Inc., a TSX-listed transportation company, and joined AirBoss in April, 2005.
Robert Dodd, Executive Vice President
Robert Dodd has held either Director or VP roles at 3 previous employers prior to joining AirBoss. At Trelleborg, he was on the Board of Directors of their North American company TSS US Inc. Robert has a proven change management track record and also has prior expertise in developing and executing business strategies for both international and domestic markets in an executive capacity. With his prior experience of developing acquisition targets in India and Brazil and his recent achievement of establishing a green field site in Shanghai, China, Robert brings a wealth of international and diverse experiences to his role within AirBoss.
Earl Laurie, President, AirBoss-Defense Division
Earl Laurie has run the sales, marketing and contract administration of the defense products business of Acton–International Inc. since inception. With the purchase of Acton-International by AirBoss in 1999 and the reorganization into AirBoss Engineered Products (“AEP”) in Mr. Laurie is now responsible for the operations of AirBoss-Defense, the defense products division of AEP and has been instrumental in its growth.

27. THANK YOU