Exhibit 99.2 Reconciliation of EBITDA from continuing operations and Adjusted EBITDA from continuing operations for the quarter and nine months ended September 30, 2012 and 2011.
| Three Months Ended September 30, 2012 (Dollar amounts in millions) | OSB | Siding | EWP | South America | Other | Corporate | Total | ||||||||||||||||||||
| Sales | $ | 226.6 | $ | 134.1 | $ | 61.5 | $ | 42.0 | $ | 9.1 | $ | (5.5 | ) | $ | 467.8 | ||||||||||||
| Depreciation and amortization | 8.2 | 3.9 | 3.1 | 3.3 | 0.1 | 0.3 | 18.9 | ||||||||||||||||||||
| Cost of sales and selling and administrative | 172.4 | 109.9 | 61.2 | 34.2 | 9.9 | 12.3 | 399.9 | ||||||||||||||||||||
| Loss on sale or impairment of long lived assets | — | — | — | — | — | 4.3 | 4.3 | ||||||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | — | 1.2 | 1.2 | ||||||||||||||||||||
| Total operating costs | 180.6 | 113.8 | 64.3 | 37.5 | 10.0 | 18.1 | 424.3 | ||||||||||||||||||||
| Income (loss) from operations | 46.0 | 20.3 | (2.8 | ) | 4.5 | (0.9 | ) | (23.6 | ) | 43.5 | |||||||||||||||||
| Total non-operating expense | — | — | — | — | — | (6.2 | ) | (6.2 | ) | ||||||||||||||||||
| Income (loss) before income taxes and equity in (income) loss of unconsolidated affiliates | 46.0 | 20.3 | (2.8 | ) | 4.5 | (0.9 | ) | (29.8 | ) | 37.3 | |||||||||||||||||
| Provision for income taxes | — | — | — | — | — | 7.9 | 7.9 | ||||||||||||||||||||
| Equity in (income) loss of unconsolidated affiliates | (3.3 | ) | — | 0.2 | — | 1.1 | — | (2.0 | ) | ||||||||||||||||||
| Income (loss) from continuing operations | $ | 49.3 | $ | 20.3 | $ | (3.0 | ) | $ | 4.5 | $ | (2.0 | ) | $ | (37.7 | ) | $ | 31.4 | ||||||||||
| Reconciliation of loss from continuing operations to adjusted income from continuing operations | |||||||||||||||||||||||||||
| Income (loss) from continuing operations | $ | 49.3 | $ | 20.3 | $ | (3.0 | ) | $ | 4.5 | $ | (2.0 | ) | $ | (37.7 | ) | $ | 31.4 | ||||||||||
| Other operating credits and charges, net | — | — | — | — | — | 1.2 | 1.2 | ||||||||||||||||||||
| Loss on sales of and impairments of long-lived assets | — | — | — | — | — | 4.3 | 4.3 | ||||||||||||||||||||
| Less: provision for income taxes as reported | — | — | — | — | — | 7.9 | 7.9 | ||||||||||||||||||||
| "Normalized tax" | — | — | — | — | — | (15.7 | ) | (15.7 | ) | ||||||||||||||||||
| Adjusted operating income (loss) from continuing operations | $ | 49.3 | $ | 20.3 | $ | (3.0 | ) | $ | 4.5 | $ | (2.0 | ) | $ | (40.0 | ) | $ | 29.1 | ||||||||||
| Reconciliation of income (loss) from continuing operations to adjusted EBITDA from continuing operations | |||||||||||||||||||||||||||
| Income (loss) from continuing operations | $ | 49.3 | $ | 20.3 | $ | (3.0 | ) | $ | 4.5 | $ | (2.0 | ) | $ | (37.7 | ) | $ | 31.4 | ||||||||||
| Provision for income taxes | — | — | — | — | — | 7.9 | 7.9 | ||||||||||||||||||||
| Interest expense, net of capitalized interest | — | — | — | — | — | 10.7 | 10.7 | ||||||||||||||||||||
| Depreciation and amortization | 8.2 | 3.9 | 3.1 | 3.3 | 0.1 | 0.3 | 18.9 | ||||||||||||||||||||
| EBITDA from continuing operations | 57.5 | 24.2 | 0.1 | 7.8 | (1.9 | ) | (18.8 | ) | 68.9 | ||||||||||||||||||
| Stock based compensation expense | 0.2 | 0.1 | 0.1 | — | — | 1.4 | 1.8 | ||||||||||||||||||||
| Loss on sale or impairment of long lived assets | — | — | — | — | — | 4.3 | 4.3 | ||||||||||||||||||||
| Investment income | — | — | — | — | — | (4.1 | ) | (4.1 | ) | ||||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | — | 1.2 | 1.2 | ||||||||||||||||||||
| Depreciation included in equity in (income) loss of unconsolidated affiliates | 2.1 | — | 0.1 | — | 0.9 | — | 3.1 | ||||||||||||||||||||
| Adjusted EBITDA from continuing operations | $ | 59.8 | $ | 24.3 | $ | 0.3 | $ | 7.8 | $ | (1.0 | ) | $ | (16.0 | ) | $ | 75.2 | |||||||||||
| Three Months Ended September 30, 2011 (Dollar amounts in millions) | OSB | Siding | EWP | South America | Other | Corporate | Total | ||||||||||||||||||||
| Sales | $ | 138.8 | $ | 112.0 | $ | 54.9 | $ | 36.3 | $ | 9.5 | $ | (0.9 | ) | $ | 350.6 | ||||||||||||
| Depreciation and amortization | 9.1 | 3.9 | 2.9 | 3.0 | 0.1 | 0.6 | 19.6 | ||||||||||||||||||||
| Cost of sales and selling and administrative | 141.7 | 96.3 | 55.5 | 31.0 | 10.3 | 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 | 34.0 | 10.4 | 69.5 | 423.3 | ||||||||||||||||||||
| Income (loss) from operations | (12.0 | ) | 11.8 | (3.5 | ) | 2.3 | (0.9 | ) | (70.4 | ) | (72.7 | ) | |||||||||||||||
| Total non-operating expense | — | — | — | — | — | (1.5 | ) | (1.5 | ) | ||||||||||||||||||
| Income (loss) before income taxes and equity in (income) loss of unconsolidated affiliates | (12.0 | ) | 11.8 | (3.5 | ) | 2.3 | (0.9 | ) | (71.9 | ) | (74.2 | ) | |||||||||||||||
| Benefit for income taxes | — | — | — | — | — | (20.9 | ) | (20.9 | ) | ||||||||||||||||||
| Equity in (income) loss of unconsolidated affiliates | 4.0 | — | (0.3 | ) | — | 2.3 | — | 6.0 | |||||||||||||||||||
| Income (loss) from continuing operations | $ | (16.0 | ) | $ | 11.8 | $ | (3.2 | ) | $ | 2.3 | $ | (3.2 | ) | $ | (51.0 | ) | $ | (59.3 | ) | ||||||||
| Reconciliation of income (loss) from continuing operations to adjusted income (loss) from continuing operations | |||||||||||||||||||||||||||
| Income (loss) from continuing operations | $ | (16.0 | ) | $ | 11.8 | $ | (3.2 | ) | $ | 2.3 | $ | (3.2 | ) | $ | (51.0 | ) | $ | (59.3 | ) | ||||||||
| Other operating credits and charges, net | — | — | — | — | — | (9.8 | ) | (9.8 | ) | ||||||||||||||||||
| Loss on sales of and impairments of long-lived assets | — | — | — | — | — | 65.0 | 65.0 | ||||||||||||||||||||
| Realized gains from the sale of investments | — | — | — | — | — | (15.2 | ) | (15.2 | ) | ||||||||||||||||||
| Less: benefit for income taxes as reported | — | — | — | — | — | (20.9 | ) | (20.9 | ) | ||||||||||||||||||
| "Normalized tax" | — | — | — | — | — | 14.1 | 14.1 | ||||||||||||||||||||
| Adjusted operating income (loss) from continuing operations | $ | (16.0 | ) | $ | 11.8 | $ | (3.2 | ) | $ | 2.3 | $ | (3.2 | ) | $ | (17.8 | ) | $ | (26.1 | ) | ||||||||
| Reconciliation of income (loss) from continuing operations to adjusted EBITDA from continuing operations | |||||||||||||||||||||||||||
| Income (loss) from continuing operations | $ | (16.0 | ) | $ | 11.8 | $ | (3.2 | ) | $ | 2.3 | $ | (3.2 | ) | $ | (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 | 3.0 | 0.1 | 0.6 | 19.6 | ||||||||||||||||||||
| EBITDA from continuing operations | (6.9 | ) | 15.7 | (0.3 | ) | 5.3 | (3.1 | ) | (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 | ) | ||||||||||||||||||
| Depreciation included in equity in (income) loss of unconsolidated affiliates | 2.1 | — | 0.1 | — | 1.1 | — | 3.3 | ||||||||||||||||||||
| Adjusted EBITDA from continuing operations | $ | (4.6 | ) | $ | 15.8 | $ | (0.1 | ) | $ | 5.3 | $ | (2.0 | ) | $ | (17.5 | ) | $ | (3.1 | ) | ||||||||
| Nine Months Ended September 30, 2012 (Dollar amounts in millions) | OSB | Siding | EWP | South America | Other | Corporate | Total | ||||||||||||||||||||
| Sales | $ | 571.0 | $ | 384.2 | $ | 161.8 | $ | 127.1 | $ | 29.9 | $ | (16.9 | ) | $ | 1,257.1 | ||||||||||||
| Depreciation and amortization | 25.2 | 12.0 | 8.3 | 8.9 | 0.5 | 1.0 | 55.9 | ||||||||||||||||||||
| Cost of sales and selling and administrative | 481.0 | 315.8 | 162.6 | 107.0 | 30.3 | 38.4 | 1,135.1 | ||||||||||||||||||||
| Loss on sale or impairment of long lived assets | — | — | — | — | — | 4.5 | 4.5 | ||||||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | — | 1.2 | 1.2 | ||||||||||||||||||||
| Total operating costs | 506.2 | 327.8 | 170.9 | 115.9 | 30.8 | 45.1 | 1,196.7 | ||||||||||||||||||||
| Income (loss) from operations | 64.8 | 56.4 | (9.1 | ) | 11.2 | (0.9 | ) | (62.0 | ) | 60.4 | |||||||||||||||||
| Total non-operating expense | — | — | — | — | — | (79.2 | ) | (79.2 | ) | ||||||||||||||||||
| Income (loss) before income taxes and equity in earnings of unconsolidated affiliates | 64.8 | 56.4 | (9.1 | ) | 11.2 | (0.9 | ) | (141.2 | ) | (18.8 | ) | ||||||||||||||||
| Benefit for income taxes | — | — | — | — | — | (4.4 | ) | (4.4 | ) | ||||||||||||||||||
| Equity in (income) loss of unconsolidated affiliates | (1.2 | ) | — | 0.2 | — | 3.6 | — | 2.6 | |||||||||||||||||||
| Income (loss) from continuing operations | $ | 66.0 | $ | 56.4 | $ | (9.3 | ) | $ | 11.2 | $ | (4.5 | ) | $ | (136.8 | ) | $ | (17.0 | ) | |||||||||
| Reconciliation of income (loss) from continuing operations to adjusted income (loss) from continuing operations | |||||||||||||||||||||||||||
| Income (loss) from continuing operations | $ | 66.0 | $ | 56.4 | $ | (9.3 | ) | $ | 11.2 | $ | (4.5 | ) | $ | (136.8 | ) | $ | (17.0 | ) | |||||||||
| Other operating credits and charges, net | — | — | — | — | — | 1.2 | 1.2 | ||||||||||||||||||||
| Loss on sales of and impairments of long-lived assets | — | — | — | — | — | 4.5 | 4.5 | ||||||||||||||||||||
| Reversal of interest expense | — | — | — | — | — | (1.0 | ) | (1.0 | ) | ||||||||||||||||||
| Early debt extinguishment | — | — | — | — | — | 52.2 | 52.2 | ||||||||||||||||||||
| Less: benefit for income taxes as reported | — | — | — | — | — | (4.4 | ) | (4.4 | ) | ||||||||||||||||||
| "Normalized tax" | — | — | — | — | — | (12.4 | ) | (12.4 | ) | ||||||||||||||||||
| Adjusted operating income (loss) from continuing operations | $ | 66.0 | $ | 56.4 | $ | (9.3 | ) | $ | 11.2 | $ | (4.5 | ) | $ | (96.7 | ) | $ | 23.1 | ||||||||||
| Reconciliation of income (loss) from continuing operations to adjusted EBITDA from continuing operations | |||||||||||||||||||||||||||
| Income (loss) from continuing operations | $ | 66.0 | $ | 56.4 | $ | (9.3 | ) | $ | 11.2 | $ | (4.5 | ) | $ | (136.8 | ) | $ | (17.0 | ) | |||||||||
| Benefit for income taxes | — | — | — | — | — | (4.4 | ) | (4.4 | ) | ||||||||||||||||||
| Interest expense, net of capitalized interest | — | — | — | — | — | 36.4 | 36.4 | ||||||||||||||||||||
| Depreciation and amortization | 25.2 | 12.0 | 8.3 | 8.9 | 0.5 | 1.0 | 55.9 | ||||||||||||||||||||
| EBITDA from continuing operations | 91.2 | 68.4 | (1.0 | ) | 20.1 | (4.0 | ) | (103.8 | ) | 70.9 | |||||||||||||||||
| Stock based compensation expense | 0.7 | 0.4 | 0.4 | — | — | 4.9 | 6.4 | ||||||||||||||||||||
| Loss on sale or impairment of long lived assets | — | — | — | — | — | 4.5 | 4.5 | ||||||||||||||||||||
| Investment income | — | — | — | — | — | (11.7 | ) | (11.7 | ) | ||||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | — | 1.2 | 1.2 | ||||||||||||||||||||
| Early debt extinguishment | — | — | — | — | — | 52.2 | 52.2 | ||||||||||||||||||||
| Depreciation included in equity in (income) loss of unconsolidated affiliates | 6.1 | — | 0.4 | — | 2.8 | — | 9.3 | ||||||||||||||||||||
| Adjusted EBITDA from continuing operations | $ | 98.0 | $ | 68.8 | $ | (0.2 | ) | $ | 20.1 | $ | (1.2 | ) | $ | (52.7 | ) | $ | 132.8 | ||||||||||
| Nine Months Ended September 30, 2011 (Dollar amounts in millions) | OSB | Siding | EWP | South America | Other | Corporate | Total | ||||||||||||||||||||
| Sales | $ | 411.4 | $ | 336.6 | $ | 156.9 | $ | 111.1 | $ | 30.4 | $ | (1.7 | ) | $ | 1,044.7 | ||||||||||||
| Depreciation and amortization | 27.8 | 12.2 | 10.2 | 8.9 | 0.6 | 1.5 | 61.2 | ||||||||||||||||||||
| Cost of sales and selling and administrative | 420.3 | 288.5 | 158.6 | 92.1 | 30.3 | 46.4 | 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 | 101.0 | 30.9 | 109.7 | 1,159.2 | ||||||||||||||||||||
| Income (loss) from operations | (36.7 | ) | 35.9 | (11.9 | ) | 10.1 | (0.5 | ) | (111.4 | ) | (114.5 | ) | |||||||||||||||
| Total non-operating expense | — | — | — | — | — | (20.0 | ) | (20.0 | ) | ||||||||||||||||||
| Income (loss) before income taxes and equity in loss of unconsolidated affiliates | (36.7 | ) | 35.9 | (11.9 | ) | 10.1 | (0.5 | ) | (131.4 | ) | (134.5 | ) | |||||||||||||||
| Benefit for income taxes | — | — | — | — | — | (36.1 | ) | (36.1 | ) | ||||||||||||||||||
| Equity in loss of unconsolidated affiliates | 11.3 | — | — | — | 5.4 | — | 16.7 | ||||||||||||||||||||
| Income (loss) from continuing operations | $ | (48.0 | ) | $ | 35.9 | $ | (11.9 | ) | $ | 10.1 | $ | (5.9 | ) | $ | (95.3 | ) | $ | (115.1 | ) | ||||||||
| Reconciliation of income (loss) from continuing operations to adjusted income from continuing operations | |||||||||||||||||||||||||||
| Income (loss) from continuing operations | $ | (48.0 | ) | $ | 35.9 | $ | (11.9 | ) | $ | 10.1 | $ | (5.9 | ) | $ | (95.3 | ) | $ | (115.1 | ) | ||||||||
| Other operating credits and charges, net | — | — | — | — | — | (11.2 | ) | (11.2 | ) | ||||||||||||||||||
| Loss on sales of and impairments of long-lived assets | — | — | — | — | — | 73.0 | 73.0 | ||||||||||||||||||||
| Realized gains from the sale of investments | — | — | — | — | — | (15.2 | ) | (15.2 | ) | ||||||||||||||||||
| Less: benefit for income taxes as reported | — | — | — | — | — | (36.1 | ) | (36.1 | ) | ||||||||||||||||||
| "Normalized tax" | — | — | — | — | — | 36.6 | 36.6 | ||||||||||||||||||||
| Adjusted operating income (loss) from continuing operations | $ | (48.0 | ) | $ | 35.9 | $ | (11.9 | ) | $ | 10.1 | $ | (5.9 | ) | $ | (48.2 | ) | $ | (68.0 | ) | ||||||||
| Reconciliation of income (loss) from continuing operations to adjusted EBITDA from continuing operations | |||||||||||||||||||||||||||
| Income (loss) from continuing operations | $ | (48.0 | ) | $ | 35.9 | $ | (11.9 | ) | $ | 10.1 | $ | (5.9 | ) | $ | (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 | 8.9 | 0.6 | 1.5 | 61.2 | ||||||||||||||||||||
| EBITDA from continuing operations | (20.2 | ) | 48.1 | (1.7 | ) | 19.0 | (5.3 | ) | (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 | ) | ||||||||||||||||||
| Depreciation included in equity in (income) loss of unconsolidated affiliates | 6.2 | — | 0.4 | — | 3.5 | — | 10.1 | ||||||||||||||||||||
| Adjusted EBITDA from continuing operations | $ | (13.4 | ) | $ | 48.5 | $ | (1.0 | ) | $ | 19.0 | $ | (1.8 | ) | $ | (44.6 | ) | $ | 6.7 | |||||||||