Carlisle Companies Releases Vision 2030 Strategy and Financial Targets

Carlisle Companies Incorporated (NYSE:CSL), a leading supplier of innovative building products and solutions, today released a video and presentation featuring its Vision 2030 strategy and financial targets. Vision 2030 outlines the next phase of profitable growth and superior returns following the pivot of Carlisle’s portfolio of general industrial businesses to a pure play building products company and the successful achievement of its key Vision 2025 objectives three years ahead of plan.

• Outlines strategy to unlock the full potential of its pure play building products portfolio
• 2030 financial targets include Adjusted EPS of $40+ and ROIC of 25%+
• Leverages mega trends around energy efficiency, labor savings and the re-roofing cycle
• Above market growth driven by innovation, the Carlisle Experience and COS

“Vision 2030 presents a new chapter in Carlisle’s now 106 year journey as a company, focused on unleashing the full potential of our pure play building products portfolio with best-in-class returns,” commented Chris Koch, Chair, President and Chief Executive Officer. “Our exceptional and resilient margins have demonstrated the power of our differentiated products and solutions that we deliver through the Carlisle Experience, a compelling value proposition that resonates across end users, contractors, and distributors. As we embrace the future under Vision 2030, we are again leading the charge to upgrade our industry standards, drive above-market growth and earn a premium in the marketplace by placing even greater emphasis on innovation. Our focus on innovative, energy-efficient, and labor-saving solutions not only meets the increasing demand for green buildings but also ensures a more attractive outlook for our Company.

“We believe our track record of unlocking value in Carlisle is only just beginning to be realized by investors. We are introducing what we consider to be highly attractive and achievable financial targets through our Vision 2030 plan. Combined with a commitment to our talented team, sustainability, and a robust capital deployment approach, we have a clear path to deliver exceptional returns and firmly establish Carlisle as a preeminent investment opportunity in the building products sector.”

The Vision 2030 Value Creation Journey:

• Builds on Carlisle’s record of success and strategic pivot to a pure play building products portfolio
• Leverages mega trends around energy efficiency, labor savings and the re-roofing cycle that are expanding Carlisle’s market opportunity
• Drives innovation by investing in and enhancing the significant technical infrastructure in place to help deliver above market growth and additional price for value
• Continues to deliver a strong Adjusted EBITDA margin that has demonstrated resilience through cycles
• Produces strong cash flow to drive superior returns on invested capital

Introducing Vision 2030 Financial Targets (from Base Year 2023E):

• Adjusted EPS growing at mid-teen CAGR to over $40
• ROIC remaining in excess of 25%
• Organic revenue CAGR of over 5%
• Adjusted EBITDA margin increasing to over 25%
• Free Cash Flow to Sales ratio remaining above 15%

Vision 2030 Video and Presentation

The Vision 2030 pdf presentation and approximately 50-minute Vision 2030 video are both available on the Investors section of the Company’s website at www.carlisle.com. Visitors to the site can register to view the video.

About Carlisle Companies Incorporated

Carlisle Companies Incorporated is a leading supplier of innovative building envelope products and solutions for more energy efficient buildings. Through its building products businesses – Carlisle Construction Materials (“CCM”) and Carlisle Weatherproofing Technologies (“CWT”) – and family of leading brands, Carlisle delivers innovative, labor-reducing and environmentally responsible products and solutions to customers through the Carlisle Experience. Carlisle is committed to generating superior shareholder returns and maintaining a balanced capital deployment approach, including investments in our businesses, strategic acquisitions, share repurchases and continued dividend increases. Leveraging its culture of continuous improvement as embodied in the Carlisle Operating System (“COS”), Carlisle has committed to achieving net-zero greenhouse gas emissions by 2050.

Contact:

Mehul Patel – Vice President Investor Relations – mpatel@carlisle.com – (310) 592-9668

Source: Carlisle Companies Incorporated