Exhibit 99.2 Reconciliation of EBITDA from continuing operations and Adjusted EBITDA from continuing operations for the quarter and nine months ended September 30, 2014 and 2013.
| Three Months Ended September 30, 2014 (Dollar amounts in millions) | OSB | Siding | EWP | South America | Other | Corporate | Total | ||||||||||||||||||||
| Sales | $ | 233.4 | $ | 163.2 | $ | 82.1 | $ | 36.0 | $ | 3.5 | $ | (0.1 | ) | $ | 518.1 | ||||||||||||
| Depreciation and amortization | 15.4 | 4.5 | 4.2 | 2.0 | — | 0.8 | 26.9 | ||||||||||||||||||||
| Cost of sales and selling and administrative | 234.4 | 137.9 | 79.6 | 33.7 | 5.7 | 17.6 | 508.9 | ||||||||||||||||||||
| Gain on sale or impairment of long lived assets | — | — | — | — | — | (3.6 | ) | (3.6 | ) | ||||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | — | 0.5 | 0.5 | ||||||||||||||||||||
| Total operating costs | 249.8 | 142.4 | 83.8 | 35.7 | 5.7 | 15.3 | 532.7 | ||||||||||||||||||||
| Income (loss) from operations | (16.4 | ) | 20.8 | (1.7 | ) | 0.3 | (2.2 | ) | (15.4 | ) | (14.6 | ) | |||||||||||||||
| Total non-operating expense | — | — | — | — | — | (8.7 | ) | (8.7 | ) | ||||||||||||||||||
| Income (loss) before income taxes and equity in income of unconsolidated affiliates | (16.4 | ) | 20.8 | (1.7 | ) | 0.3 | (2.2 | ) | (24.1 | ) | (23.3 | ) | |||||||||||||||
| Income tax benefit | — | — | — | — | — | (3.6 | ) | (3.6 | ) | ||||||||||||||||||
| Equity in income of unconsolidated affiliates | — | — | (1.4 | ) | — | — | — | (1.4 | ) | ||||||||||||||||||
| Income (loss) from continuing operations | $ | (16.4 | ) | $ | 20.8 | $ | (0.3 | ) | $ | 0.3 | $ | (2.2 | ) | $ | (20.5 | ) | $ | (18.3 | ) | ||||||||
| Reconciliation of income (loss) from continuing operations to Adjusted EBITDA from continuing operations | |||||||||||||||||||||||||||
| Income (loss) from continuing operations | $ | (16.4 | ) | $ | 20.8 | $ | (0.3 | ) | $ | 0.3 | $ | (2.2 | ) | $ | (20.5 | ) | $ | (18.3 | ) | ||||||||
| Income tax benefit | — | — | — | — | — | (3.6 | ) | (3.6 | ) | ||||||||||||||||||
| Interest expense, net of capitalized interest | — | — | — | — | — | 8.3 | 8.3 | ||||||||||||||||||||
| Depreciation and amortization | 15.4 | 4.5 | 4.2 | 2.0 | — | 0.8 | 26.9 | ||||||||||||||||||||
| EBITDA from continuing operations | (1.0 | ) | 25.3 | 3.9 | 2.3 | (2.2 | ) | (15.0 | ) | 13.3 | |||||||||||||||||
| Stock based compensation expense | 0.2 | 0.2 | 0.1 | — | — | 1.9 | 2.4 | ||||||||||||||||||||
| Gain on sale or impairment of long lived assets | — | — | — | — | — | (3.6 | ) | (3.6 | ) | ||||||||||||||||||
| Investment income | — | — | — | — | — | (0.9 | ) | (0.9 | ) | ||||||||||||||||||
| Expenses associated with proposed acquisition of Ainsworth Lumber Co. Ltd. | — | — | — | — | — | (0.1 | ) | (0.1 | ) | ||||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | — | 0.5 | 0.5 | ||||||||||||||||||||
| Adjusted EBITDA from continuing operations | $ | (0.8 | ) | $ | 25.5 | $ | 4.0 | $ | 2.3 | $ | (2.2 | ) | $ | (17.2 | ) | $ | 11.6 | ||||||||||
| Three Months Ended September 30, 2013 (Dollar amounts in millions) | OSB | Siding | EWP | South America | Other | Corporate | Total | ||||||||||||||||||||
| Sales | $ | 245.4 | $ | 149.0 | $ | 71.8 | $ | 41.5 | $ | 3.9 | $ | (4.2 | ) | $ | 507.4 | ||||||||||||
| Depreciation and amortization | 15.2 | 4.1 | 3.1 | 3.0 | — | 0.4 | 25.8 | ||||||||||||||||||||
| Cost of sales and selling and administrative | 200.0 | 122.4 | 71.3 | 33.2 | 5.4 | 17.5 | 449.8 | ||||||||||||||||||||
| Loss on sale or impairment of long lived assets | — | — | — | — | — | 0.3 | 0.3 | ||||||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | — | (16.1 | ) | (16.1 | ) | ||||||||||||||||||
| Total operating costs | 215.2 | 126.5 | 74.4 | 36.2 | 5.4 | 2.1 | 459.8 | ||||||||||||||||||||
| Income (loss) from operations | 30.2 | 22.5 | (2.6 | ) | 5.3 | (1.5 | ) | (6.3 | ) | 47.6 | |||||||||||||||||
| Total non-operating expense | — | — | — | — | — | (5.7 | ) | (5.7 | ) | ||||||||||||||||||
| Income (loss) before income taxes and equity in (income) loss of unconsolidated affiliates | 30.2 | 22.5 | (2.6 | ) | 5.3 | (1.5 | ) | (12.0 | ) | 41.9 | |||||||||||||||||
| Provision for income taxes | — | — | — | — | — | 4.4 | 4.4 | ||||||||||||||||||||
| Equity in (income) loss of unconsolidated affiliates | — | — | (0.6 | ) | — | 0.6 | — | — | |||||||||||||||||||
| Income (loss) from continuing operations | $ | 30.2 | $ | 22.5 | $ | (2.0 | ) | $ | 5.3 | $ | (2.1 | ) | $ | (16.4 | ) | $ | 37.5 | ||||||||||
| Reconciliation of income (loss) from continuing operations to Adjusted EBITDA from continuing operations | |||||||||||||||||||||||||||
| Income (loss) from continuing operations | $ | 30.2 | $ | 22.5 | $ | (2.0 | ) | $ | 5.3 | $ | (2.1 | ) | $ | (16.4 | ) | $ | 37.5 | ||||||||||
| Provision for income taxes | — | — | — | — | — | 4.4 | 4.4 | ||||||||||||||||||||
| Interest expense, net of capitalized interest | — | — | — | — | — | 7.6 | 7.6 | ||||||||||||||||||||
| Depreciation and amortization | 15.2 | 4.1 | 3.1 | 3.0 | — | 0.4 | 25.8 | ||||||||||||||||||||
| EBITDA from continuing operations | 45.4 | 26.6 | 1.1 | 8.3 | (2.1 | ) | (4.0 | ) | 75.3 | ||||||||||||||||||
| Stock based compensation expense | 0.2 | 0.2 | 0.2 | — | — | 1.8 | 2.4 | ||||||||||||||||||||
| Loss on sale or impairment of long lived assets | — | — | — | — | — | 0.3 | 0.3 | ||||||||||||||||||||
| Investment income | — | — | — | — | — | (1.7 | ) | (1.7 | ) | ||||||||||||||||||
| Expenses associated with proposed acquisition of Ainsworth Lumber co. Ltd. | — | — | — | — | — | 3.0 | 3.0 | ||||||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | — | (16.1 | ) | (16.1 | ) | ||||||||||||||||||
| Early debt extinguishment | — | — | — | — | — | 0.8 | 0.8 | ||||||||||||||||||||
| Depreciation included in equity in income (loss) of unconsolidated affiliates | — | — | — | — | 0.8 | — | 0.8 | ||||||||||||||||||||
| Adjusted EBITDA from continuing operations | $ | 45.6 | $ | 26.8 | $ | 1.3 | $ | 8.3 | $ | (1.3 | ) | $ | (15.9 | ) | $ | 64.8 | |||||||||||
| Nine Months Ended September 30, 2014 (Dollar amounts in millions) | OSB | Siding | EWP | South America | Other | Corporate | Total | ||||||||||||||||||||
| Sales | $ | 652.0 | $ | 476.4 | $ | 229.1 | $ | 114.5 | $ | 11.2 | $ | (1.9 | ) | $ | 1,481.3 | ||||||||||||
| Depreciation and amortization | 42.5 | 13.0 | 12.7 | 6.9 | — | 2.3 | 77.4 | ||||||||||||||||||||
| Cost of sales and selling and administrative | 633.3 | 397.5 | 228.0 | 99.1 | 15.4 | 62.3 | 1,435.6 | ||||||||||||||||||||
| Gain on sale or impairment of long lived assets | — | — | — | — | — | (4.1 | ) | (4.1 | ) | ||||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | — | 1.1 | 1.1 | ||||||||||||||||||||
| Total operating costs | 675.8 | 410.5 | 240.7 | 106.0 | 15.4 | 61.6 | 1,510.0 | ||||||||||||||||||||
| Income (loss) from operations | (23.8 | ) | 65.9 | (11.6 | ) | 8.5 | (4.2 | ) | (63.5 | ) | (28.7 | ) | |||||||||||||||
| Total non-operating expense | — | — | — | — | — | (20.8 | ) | (20.8 | ) | ||||||||||||||||||
| Income (loss) before income taxes and equity in income of unconsolidated affiliates | (23.8 | ) | 65.9 | (11.6 | ) | 8.5 | (4.2 | ) | (84.3 | ) | (49.5 | ) | |||||||||||||||
| Benefit for income taxes | — | — | — | — | — | (15.9 | ) | (15.9 | ) | ||||||||||||||||||
| Equity in income of unconsolidated affiliates | — | — | (3.2 | ) | — | — | — | (3.2 | ) | ||||||||||||||||||
| Income (loss) from continuing operations | $ | (23.8 | ) | $ | 65.9 | $ | (8.4 | ) | $ | 8.5 | $ | (4.2 | ) | $ | (68.4 | ) | $ | (30.4 | ) | ||||||||
| Reconciliation of income (loss) from continuing operations to adjusted EBITDA from continuing operations | |||||||||||||||||||||||||||
| Income (loss) from continuing operations | $ | (23.8 | ) | $ | 65.9 | $ | (8.4 | ) | $ | 8.5 | $ | (4.2 | ) | $ | (68.4 | ) | $ | (30.4 | ) | ||||||||
| Benefit for income taxes | — | — | — | — | — | (15.9 | ) | (15.9 | ) | ||||||||||||||||||
| Interest expense, net of capitalized interest | — | — | — | — | — | 23.4 | 23.4 | ||||||||||||||||||||
| Depreciation and amortization | 42.5 | 13.0 | 12.7 | 6.9 | — | 2.3 | 77.4 | ||||||||||||||||||||
| EBITDA from continuing operations | 18.7 | 78.9 | 4.3 | 15.4 | (4.2 | ) | (58.6 | ) | 54.5 | ||||||||||||||||||
| Stock based compensation expense | 0.7 | 0.5 | 0.4 | — | — | 5.3 | 6.9 | ||||||||||||||||||||
| Gain on sale or impairment of long lived assets | — | — | — | — | — | (4.1 | ) | (4.1 | ) | ||||||||||||||||||
| Investment income | — | — | — | — | — | (4.4 | ) | (4.4 | ) | ||||||||||||||||||
| Expenses associated with proposed acquisition of Ainsworth Lumber Co. Ltd. | — | — | — | — | — | 6.8 | 6.8 | ||||||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | — | 1.1 | 1.1 | ||||||||||||||||||||
| Depreciation included in equity in (income) loss of unconsolidated affiliates | — | — | 0.1 | — | — | — | 0.1 | ||||||||||||||||||||
| Adjusted EBITDA from continuing operations | $ | 19.4 | $ | 79.4 | $ | 4.8 | $ | 15.4 | $ | (4.2 | ) | $ | (53.9 | ) | $ | 60.9 | |||||||||||
| Nine Months Ended September 30, 2013 (Dollar amounts in millions) | OSB | Siding | EWP | South America | Other | Corporate | Total | ||||||||||||||||||||
| Sales | $ | 838.3 | $ | 435.5 | $ | 196.1 | $ | 130.9 | $ | 10.3 | $ | (5.6 | ) | $ | 1,605.5 | ||||||||||||
| Depreciation and amortization | 34.2 | 12.4 | 9.0 | 8.1 | — | 1.3 | 65.0 | ||||||||||||||||||||
| Cost of sales and selling and administrative | 595.8 | 352.8 | 196.1 | 105.0 | 13.9 | 61.7 | 1,325.3 | ||||||||||||||||||||
| Gain on sale or impairment of long lived assets | — | — | — | — | — | (0.4 | ) | (0.4 | ) | ||||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | — | (9.1 | ) | (9.1 | ) | ||||||||||||||||||
| Total operating costs | 630.0 | 365.2 | 205.1 | 113.1 | 13.9 | 53.5 | 1,380.8 | ||||||||||||||||||||
| Income (loss) from operations | 208.3 | 70.3 | (9.0 | ) | 17.8 | (3.6 | ) | (59.1 | ) | 224.7 | |||||||||||||||||
| Total non-operating expense | — | — | — | — | — | 12.1 | 12.1 | ||||||||||||||||||||
| Income (loss) before income taxes and equity in (income) loss of unconsolidated affiliates | 208.3 | 70.3 | (9.0 | ) | 17.8 | (3.6 | ) | (47.0 | ) | 236.8 | |||||||||||||||||
| Provision for income taxes | — | — | — | — | — | 51.6 | 51.6 | ||||||||||||||||||||
| Equity in (income) loss of unconsolidated affiliates | (15.4 | ) | — | 1.6 | — | 2.5 | — | (11.3 | ) | ||||||||||||||||||
| Income (loss) from continuing operations | $ | 223.7 | $ | 70.3 | $ | (10.6 | ) | $ | 17.8 | $ | (6.1 | ) | $ | (98.6 | ) | $ | 196.5 | ||||||||||
| Reconciliation of income (loss) from continuing operations to adjusted EBITDA from continuing operations | |||||||||||||||||||||||||||
| Income (loss) from continuing operations | $ | 223.7 | $ | 70.3 | $ | (10.6 | ) | $ | 17.8 | $ | (6.1 | ) | $ | (98.6 | ) | $ | 196.5 | ||||||||||
| Provision for income taxes | — | — | — | — | — | 51.6 | 51.6 | ||||||||||||||||||||
| Interest expense, net of capitalized interest | — | — | — | — | — | 28.0 | 28.0 | ||||||||||||||||||||
| Depreciation and amortization | 34.2 | 12.4 | 9.0 | 8.1 | — | 1.3 | 65.0 | ||||||||||||||||||||
| EBITDA from continuing operations | 257.9 | 82.7 | (1.6 | ) | 25.9 | (6.1 | ) | (17.7 | ) | 341.1 | |||||||||||||||||
| Stock based compensation expense | 0.7 | 0.5 | 0.4 | — | — | 5.0 | 6.6 | ||||||||||||||||||||
| Gain on sale or impairment of long lived assets | — | — | — | — | — | (0.4 | ) | (0.4 | ) | ||||||||||||||||||
| Investment income | — | — | — | — | — | (8.3 | ) | (8.3 | ) | ||||||||||||||||||
| Expenses associated with proposed acquisition of Ainsworth Lumber co. Ltd. | — | — | — | — | — | 3.0 | 3.0 | ||||||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | — | (9.1 | ) | (9.1 | ) | ||||||||||||||||||
| Early debt extinguishment | — | — | — | — | — | 0.8 | 0.8 | ||||||||||||||||||||
| Other operating credits and charges associated with joint ventures | — | — | — | — | — | 2.7 | 2.7 | ||||||||||||||||||||
| Gain on acquisition | — | — | — | — | — | (35.9 | ) | (35.9 | ) | ||||||||||||||||||
| Depreciation included in equity in loss of unconsolidated affiliates | 3.4 | — | 0.1 | — | 2.4 | — | 5.9 | ||||||||||||||||||||
| Adjusted EBITDA from continuing operations | $ | 262.0 | $ | 83.2 | $ | (1.1 | ) | $ | 25.9 | $ | (3.7 | ) | $ | (59.9 | ) | $ | 306.4 | ||||||||||