Exhibit 99.2 Reconciliation of EBITDA from continuing operations and Adjusted EBITDA from continuing operations for the quarter and nine months ended September 30, 2011 and 2010.
| Three Months Ended September 30, 2011 (Dollar amounts in millions) | OSB | Siding | EWP | Other | Corporate | Total | |||||||||||||||||
| Sales | $ | 138.8 | $ | 112.0 | $ | 54.9 | $ | 45.8 | $ | (0.9 | ) | $ | 350.6 | ||||||||||
| Depreciation and amortization | 9.1 | 3.9 | 2.9 | 3.1 | 0.6 | 19.6 | |||||||||||||||||
| Cost of sales and selling and administrative | 141.7 | 96.3 | 55.5 | 41.3 | 13.7 | 348.5 | |||||||||||||||||
| Loss on sale or impairment of long lived assets | — | — | — | — | 65.0 | 65.0 | |||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | (9.8 | ) | (9.8 | ) | |||||||||||||||
| Total operating costs | 150.8 | 100.2 | 58.4 | 44.4 | 69.5 | 423.3 | |||||||||||||||||
| Loss from operations | (12.0 | ) | 11.8 | (3.5 | ) | 1.4 | (70.4 | ) | (72.7 | ) | |||||||||||||
| Total non-operating income (expense) | (1.5 | ) | (1.5 | ) | |||||||||||||||||||
| Income (loss) before income taxes and equity in earnings of unconsolidated affiliates | (12.0 | ) | 11.8 | (3.5 | ) | 1.4 | (71.9 | ) | (74.2 | ) | |||||||||||||
| Benefit for income taxes | (20.9 | ) | (20.9 | ) | |||||||||||||||||||
| Equity in loss of unconsolidated affiliates | 4.0 | — | (0.3 | ) | 2.3 | — | 6.0 | ||||||||||||||||
| Loss from continuing operations | (16.0 | ) | 11.8 | (3.2 | ) | (0.9 | ) | (51.0 | ) | (59.3 | ) | ||||||||||||
| Reconciliation of income (loss) from continuing operations to adjusted EBITDA from continuing operations | |||||||||||||||||||||||
| Loss from continuing operations | (16.0 | ) | 11.8 | (3.2 | ) | (0.9 | ) | (51.0 | ) | (59.3 | ) | ||||||||||||
| Benefit for income taxes | — | — | — | — | (20.9 | ) | (20.9 | ) | |||||||||||||||
| Interest expense, net of capitalized interest | — | — | — | — | 14.2 | 14.2 | |||||||||||||||||
| Depreciation and amortization | 9.1 | 3.9 | 2.9 | 3.1 | 0.6 | 19.6 | |||||||||||||||||
| EBITDA from continuing operations | (6.9 | ) | 15.7 | (0.3 | ) | 2.2 | (57.1 | ) | (46.4 | ) | |||||||||||||
| Stock based compensation expense | 0.2 | 0.1 | 0.1 | — | 1.1 | 1.5 | |||||||||||||||||
| Loss on sale or impairment of long lived assets | 65.0 | 65.0 | |||||||||||||||||||||
| Investment income | (16.7 | ) | (16.7 | ) | |||||||||||||||||||
| Other operating credits and charges, net | (9.8 | ) | (9.8 | ) | |||||||||||||||||||
| Adjusted EBITDA from continuing operations | $ | (6.7 | ) | $ | 15.8 | $ | (0.2 | ) | $ | 2.2 | $ | (17.5 | ) | $ | (6.4 | ) | |||||||
Three Months Ended September 30, 2010 (Dollar amounts in millions) | OSB | Siding | EWP | Other | Corporate | Total | |||||||||||||||||
| Sales | $ | 140.1 | $ | 104.6 | $ | 38.0 | $ | 41.2 | $ | (1.1 | ) | $ | 322.8 | ||||||||||
| Depreciation and amortization | 9.4 | 3.6 | 2.3 | 2.8 | 0.6 | 18.7 | |||||||||||||||||
| Cost of sales and selling and administrative | 133.3 | 91.7 | 40.3 | 36.7 | 14.8 | 316.8 | |||||||||||||||||
| Gain on sale or impairment of long lived assets | — | — | — | — | 0.9 | 0.9 | |||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | 2.3 | 2.3 | |||||||||||||||||
| Total operating costs | 142.7 | 95.3 | 42.6 | 39.5 | 18.6 | 338.7 | |||||||||||||||||
| Loss from operations | (2.6 | ) | 9.3 | (4.6 | ) | 1.7 | (19.7 | ) | (15.9 | ) | |||||||||||||
| Total non-operating income (expense) | (27.7 | ) | (27.7 | ) | |||||||||||||||||||
| Income (loss) before income taxes and equity in earnings of unconsolidated affiliates | (2.6 | ) | 9.3 | (4.6 | ) | 1.7 | (47.4 | ) | (43.6 | ) | |||||||||||||
| Benefit for income taxes | (16.4 | ) | (16.4 | ) | |||||||||||||||||||
| Equity in (income) loss of unconsolidated affiliates | 2.4 | — | 0.3 | 1.0 | — | 3.7 | |||||||||||||||||
| Loss from continuing operations | (5.0 | ) | 9.3 | (4.9 | ) | 0.7 | (31.0 | ) | (30.9 | ) | |||||||||||||
| Reconciliation of income (loss) from continuing operations to adjusted EBITDA from continuing operations | |||||||||||||||||||||||
| Loss from continuing operations | (5.0 | ) | 9.3 | (4.9 | ) | 0.7 | (31.0 | ) | (30.9 | ) | |||||||||||||
| Benefit for income taxes | — | — | — | — | (16.4 | ) | (16.4 | ) | |||||||||||||||
| Interest expense, net of capitalized interest | — | — | — | — | 15.3 | 15.3 | |||||||||||||||||
| Depreciation and amortization | 9.4 | 3.6 | 2.3 | 2.8 | 0.6 | 18.7 | |||||||||||||||||
| EBITDA from continuing operations | 4.4 | 12.9 | (2.6 | ) | 3.5 | (31.5 | ) | (13.3 | ) | ||||||||||||||
| Stock based compensation expense | 0.2 | 0.2 | 0.1 | — | 1.2 | 1.7 | |||||||||||||||||
| Gain on sale or impairment of long lived assets | 0.9 | 0.9 | |||||||||||||||||||||
| Investment income | (4.9 | ) | (4.9 | ) | |||||||||||||||||||
| Other-than-temporary impairment | 16.9 | 16.9 | |||||||||||||||||||||
| Other operating credits and charges, net | 2.3 | 2.3 | |||||||||||||||||||||
| Adjusted EBITDA from continuing operations | $ | 4.6 | $ | 13.1 | $ | (2.5 | ) | $ | 3.5 | $ | (15.1 | ) | $ | 3.6 | |||||||||
Nine Months Ended September 30, 2011 (Dollar amounts in millions) | OSB | Siding | EWP | Other | Corporate | Total | |||||||||||||||||
| Sales | $ | 411.4 | $ | 336.6 | $ | 156.9 | $ | 141.6 | $ | (1.8 | ) | $ | 1,044.7 | ||||||||||
| Depreciation and amortization | 27.8 | 12.2 | 10.2 | 9.5 | 1.5 | 61.2 | |||||||||||||||||
| Cost of sales and selling and administrative | 420.3 | 288.5 | 158.6 | 122.5 | 46.3 | 1,036.2 | |||||||||||||||||
| Loss on sale or impairment of long lived assets | — | — | — | — | 73.0 | 73.0 | |||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | (11.2 | ) | (11.2 | ) | |||||||||||||||
| Total operating costs | 448.1 | 300.7 | 168.8 | 132.0 | 109.6 | 1,159.2 | |||||||||||||||||
| Loss from operations | (36.7 | ) | 35.9 | (11.9 | ) | 9.6 | (111.4 | ) | (114.5 | ) | |||||||||||||
| Total non-operating income (expense) | (20.0 | ) | (20.0 | ) | |||||||||||||||||||
| Loss before income taxes and equity in earnings of unconsolidated affiliates | (36.7 | ) | 35.9 | (11.9 | ) | 9.6 | (131.4 | ) | (134.5 | ) | |||||||||||||
| Benefit for income taxes | (36.1 | ) | (36.1 | ) | |||||||||||||||||||
| Equity in (income) loss of unconsolidated affiliates | 11.3 | — | — | 5.4 | — | 16.7 | |||||||||||||||||
| Loss from continuing operations | (48.0 | ) | 35.9 | (11.9 | ) | 4.2 | (95.3 | ) | (115.1 | ) | |||||||||||||
| Reconciliation of income (loss) from continuing operations to adjusted EBITDA from continuing operations | |||||||||||||||||||||||
| Loss from continuing operations | (48.0 | ) | 35.9 | (11.9 | ) | 4.2 | (95.3 | ) | (115.1 | ) | |||||||||||||
| Benefit for income taxes | — | — | — | — | (36.1 | ) | (36.1 | ) | |||||||||||||||
| Interest expense, net of capitalized interest | — | — | — | — | 42.6 | 42.6 | |||||||||||||||||
| Depreciation and amortization | 27.8 | 12.2 | 10.2 | 9.5 | 1.5 | 61.2 | |||||||||||||||||
| EBITDA from continuing operations | (20.2 | ) | 48.1 | (1.7 | ) | 13.7 | (87.3 | ) | (47.4 | ) | |||||||||||||
| Stock based compensation expense | 0.6 | 0.4 | 0.3 | — | 5.1 | 6.4 | |||||||||||||||||
| Loss on sale or impairment of long lived assets | 73.0 | 73.0 | |||||||||||||||||||||
| Investment income | (24.2 | ) | (24.2 | ) | |||||||||||||||||||
| Other operating credits and charges, net | (11.2 | ) | (11.2 | ) | |||||||||||||||||||
| Adjusted EBITDA from continuing operations | $ | (19.6 | ) | $ | 48.5 | $ | (1.4 | ) | $ | 13.7 | $ | (44.6 | ) | $ | (3.4 | ) | |||||||
Nine Months Ended September 30, 2010 (Dollar amounts in millions) | OSB | Siding | EWP | Other | Corporate | Total | |||||||||||||||||
| Sales | $ | 475.5 | $ | 325.0 | $ | 142.7 | $ | 130.1 | $ | (6.0 | ) | $ | 1,067.3 | ||||||||||
| Depreciation and amortization | 28.0 | 14.1 | 9.4 | 8.4 | 1.6 | 61.5 | |||||||||||||||||
| Cost of sales and selling and administrative | 409.9 | 271.3 | 148.6 | 113.4 | 47.4 | 990.6 | |||||||||||||||||
| Loss on sale or impairment of long lived assets | — | — | — | — | 2.1 | 2.1 | |||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | 2.8 | 2.8 | |||||||||||||||||
| Total operating costs | 437.9 | 285.4 | 158.0 | 121.8 | 53.9 | 1,057.0 | |||||||||||||||||
| Loss from operations | 37.6 | 39.6 | (15.3 | ) | 8.3 | (59.9 | ) | 10.3 | |||||||||||||||
| Total non-operating income (expense) | (50.6 | ) | (50.6 | ) | |||||||||||||||||||
| Loss before income taxes and equity in earnings of unconsolidated affiliates | 37.6 | 39.6 | (15.3 | ) | 8.3 | (110.5 | ) | (40.3 | ) | ||||||||||||||
| Benefit for income taxes | (14.0 | ) | (14.0 | ) | |||||||||||||||||||
| Equity in (income) loss of unconsolidated affiliates | (0.8 | ) | — | 0.6 | 3.7 | — | 3.5 | ||||||||||||||||
| Loss from continuing operations | 38.4 | 39.6 | (15.9 | ) | 4.6 | (96.5 | ) | (29.8 | ) | ||||||||||||||
| Reconciliation of income (loss) from continuing operations to adjusted EBITDA from continuing operations | |||||||||||||||||||||||
| Loss from continuing operations | 38.4 | 39.6 | (15.9 | ) | 4.6 | (96.5 | ) | (29.8 | ) | ||||||||||||||
| Benefit for income taxes | — | — | — | — | (14.0 | ) | (14.0 | ) | |||||||||||||||
| Interest expense, net of capitalized interest | — | — | — | — | 49.8 | 49.8 | |||||||||||||||||
| Depreciation and amortization | 28.0 | 14.1 | 9.4 | 8.4 | 1.6 | 61.5 | |||||||||||||||||
| EBITDA from continuing operations | 66.4 | 53.7 | (6.5 | ) | 13.0 | (59.1 | ) | 67.5 | |||||||||||||||
| Stock based compensation expense | 0.7 | 0.5 | 0.4 | — | 5.5 | 7.1 | |||||||||||||||||
| Loss on sale or impairment of long lived assets | 2.1 | 2.1 | |||||||||||||||||||||
| Investment income | (15.1 | ) | (15.1 | ) | |||||||||||||||||||
| Other-than-temporary investment impairment | 16.9 | 16.9 | |||||||||||||||||||||
| Other operating credits and charges, net | 2.8 | 2.8 | |||||||||||||||||||||
| Adjusted EBITDA from continuing operations | $ | 67.1 | $ | 54.2 | $ | (6.1 | ) | $ | 13.0 | $ | (46.9 | ) | $ | 81.3 | |||||||||