Exhibit 99.2 Reconciliation of EBITDA from continuing operations and Adjusted EBITDA from continuing operations for the quarter and six months ended June 30, 2015 and 2014.
| Three Months Ended June 30, 2015 (Dollar amounts in millions) | OSB | Siding | EWP | South America | Other | Corporate | Total | ||||||||||||||||||||
| Sales | $ | 211.0 | $ | 163.9 | $ | 72.0 | $ | 38.7 | $ | 7.4 | $ | — | $ | 493.0 | |||||||||||||
| Depreciation and amortization | 14.2 | 5.0 | 2.7 | 2.1 | 0.5 | 0.8 | 25.3 | ||||||||||||||||||||
| Cost of sales and selling and administrative | 214.9 | 129.7 | 73.0 | 34.6 | 7.9 | 21.2 | 481.3 | ||||||||||||||||||||
| Gain on sale or impairment of long lived assets | — | — | — | — | — | 0.5 | 0.5 | ||||||||||||||||||||
| Total operating costs | 229.1 | 134.7 | 75.7 | 36.7 | 8.4 | 22.5 | 507.1 | ||||||||||||||||||||
| Income (loss) from operations | (18.1 | ) | 29.2 | (3.7 | ) | 2.0 | (1.0 | ) | (22.5 | ) | (14.1 | ) | |||||||||||||||
| Total non-operating expense | — | — | — | — | — | (5.8 | ) | (5.8 | ) | ||||||||||||||||||
| Income (loss) before income taxes and equity in income of unconsolidated affiliates | (18.1 | ) | 29.2 | (3.7 | ) | 2.0 | (1.0 | ) | (28.3 | ) | (19.9 | ) | |||||||||||||||
| Income tax provision | — | — | — | — | — | 1.0 | 1.0 | ||||||||||||||||||||
| Equity in income of unconsolidated affiliates | — | — | (1.4 | ) | — | — | — | (1.4 | ) | ||||||||||||||||||
| Net income (loss) | $ | (18.1 | ) | $ | 29.2 | $ | (2.3 | ) | $ | 2.0 | $ | (1.0 | ) | $ | (29.3 | ) | $ | (19.5 | ) | ||||||||
| Reconciliation of net income (loss) to Adjusted EBITDA | |||||||||||||||||||||||||||
| Net income (loss) | $ | (18.1 | ) | $ | 29.2 | $ | (2.3 | ) | $ | 2.0 | $ | (1.0 | ) | $ | (29.3 | ) | $ | (19.5 | ) | ||||||||
| Income tax benefit | — | — | — | — | — | 1.0 | 1.0 | ||||||||||||||||||||
| Interest expense, net of capitalized interest | — | — | — | — | — | 7.2 | 7.2 | ||||||||||||||||||||
| Depreciation and amortization | 14.2 | 5.0 | 2.7 | 2.1 | 0.5 | 0.8 | 25.3 | ||||||||||||||||||||
| EBITDA | (3.9 | ) | 34.2 | 0.4 | 4.1 | (0.5 | ) | (20.3 | ) | 14.0 | |||||||||||||||||
| Stock based compensation expense | 0.2 | 0.4 | 0.2 | — | — | 1.9 | 2.7 | ||||||||||||||||||||
| Gain on sale or impairment of long lived assets | — | — | — | — | — | 0.5 | 0.5 | ||||||||||||||||||||
| Investment income | — | — | — | — | — | (1.0 | ) | (1.0 | ) | ||||||||||||||||||
| Adjusted EBITDA | $ | (3.7 | ) | $ | 34.6 | $ | 0.6 | $ | 4.1 | $ | (0.5 | ) | $ | (18.9 | ) | $ | 16.2 | ||||||||||
| Three Months Ended June 30, 2014 (Dollar amounts in millions) | OSB | Siding | EWP | South America | Other | Corporate | Total | ||||||||||||||||||||
| Sales | $ | 223.7 | $ | 169.7 | $ | 75.9 | $ | 41.9 | $ | 8.7 | $ | (1.4 | ) | $ | 518.5 | ||||||||||||
| Depreciation and amortization | 13.5 | 4.3 | 3.7 | 2.6 | 0.2 | 0.6 | 24.9 | ||||||||||||||||||||
| Cost of sales and selling and administrative | 215.7 | 139.5 | 78.7 | 35.3 | 9.5 | 18.7 | 497.4 | ||||||||||||||||||||
| Loss on sale or impairment of long lived assets | — | — | — | — | — | (0.5 | ) | (0.5 | ) | ||||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | — | 0.6 | 0.6 | ||||||||||||||||||||
| Total operating costs | 229.2 | 143.8 | 82.4 | 37.9 | 9.7 | 19.4 | 522.4 | ||||||||||||||||||||
| Income (loss) from operations | (5.5 | ) | 25.9 | (6.5 | ) | 4.0 | (1.0 | ) | (20.8 | ) | (3.9 | ) | |||||||||||||||
| Total non-operating expense | — | — | — | — | — | (1.9 | ) | (1.9 | ) | ||||||||||||||||||
| Income (loss) before income taxes and equity in (income) loss of unconsolidated affiliates | (5.5 | ) | 25.9 | (6.5 | ) | 4.0 | (1.0 | ) | (22.7 | ) | (5.8 | ) | |||||||||||||||
| Benefit for income taxes | — | — | — | — | — | (6.7 | ) | (6.7 | ) | ||||||||||||||||||
| Equity in (income) loss of unconsolidated affiliates | — | — | (1.2 | ) | — | — | — | (1.2 | ) | ||||||||||||||||||
| Net income (loss) | $ | (5.5 | ) | $ | 25.9 | $ | (5.3 | ) | $ | 4.0 | $ | (1.0 | ) | $ | (16.0 | ) | $ | 2.1 | |||||||||
| Reconciliation of net income (loss) to Adjusted EBITDA | |||||||||||||||||||||||||||
| Net income (loss) | $ | (5.5 | ) | $ | 25.9 | $ | (5.3 | ) | $ | 4.0 | $ | (1.0 | ) | $ | (16.0 | ) | $ | 2.1 | |||||||||
| Benefit for income taxes | — | — | — | — | — | (6.7 | ) | (6.7 | ) | ||||||||||||||||||
| Interest expense, net of capitalized interest | — | — | — | — | — | 7.4 | 7.4 | ||||||||||||||||||||
| Depreciation and amortization | 13.5 | 4.3 | 3.7 | 2.6 | 0.2 | 0.6 | 24.9 | ||||||||||||||||||||
| EBITDA | 8.0 | 30.2 | (1.6 | ) | 6.6 | (0.8 | ) | (14.7 | ) | 27.7 | |||||||||||||||||
| Stock based compensation expense | 0.3 | 0.1 | 0.2 | — | — | 1.8 | 2.4 | ||||||||||||||||||||
| Loss on sale or impairment of long lived assets | — | — | — | — | — | (0.5 | ) | (0.5 | ) | ||||||||||||||||||
| Investment income | — | — | — | — | — | (1.7 | ) | (1.7 | ) | ||||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | — | 0.6 | 0.6 | ||||||||||||||||||||
| Expenses associated with proposed acquisition of Ainsworth Lumber co. Ltd. | — | — | — | — | — | (2.3 | ) | (2.3 | ) | ||||||||||||||||||
| Depreciation included in equity in income (loss) of unconsolidated affiliates | — | — | 0.1 | — | — | — | 0.1 | ||||||||||||||||||||
| Adjusted EBITDA | $ | 8.3 | $ | 30.3 | $ | (1.3 | ) | $ | 6.6 | $ | (0.8 | ) | $ | (16.8 | ) | $ | 26.3 | ||||||||||
| Six Months Ended June 30, 2015 (Dollar amounts in millions) | OSB | Siding | EWP | South America | Other | Corporate | Total | ||||||||||||||||||||
| Sales | $ | 401.2 | $ | 337.4 | $ | 136.8 | $ | 74.6 | $ | 14.7 | $ | — | $ | 964.7 | |||||||||||||
| Depreciation and amortization | 29.0 | 10.1 | 6.3 | 4.2 | 0.9 | 1.5 | 52.0 | ||||||||||||||||||||
| Cost of sales and selling and administrative | 418.7 | 265.2 | 139.0 | 66.0 | 15.7 | 43.2 | 947.8 | ||||||||||||||||||||
| Gain on sale or impairment of long lived assets | — | — | — | — | — | 0.6 | 0.6 | ||||||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | — | 11.6 | 11.6 | ||||||||||||||||||||
| Total operating costs | 447.7 | 275.3 | 145.3 | 70.2 | 16.6 | 56.9 | 1,012.0 | ||||||||||||||||||||
| Income (loss) from operations | (46.5 | ) | 62.1 | (8.5 | ) | 4.4 | (1.9 | ) | (56.9 | ) | (47.3 | ) | |||||||||||||||
| Total non-operating expense | — | — | — | — | — | (14.1 | ) | (14.1 | ) | ||||||||||||||||||
| Income (loss) before income taxes and equity in income of unconsolidated affiliates | (46.5 | ) | 62.1 | (8.5 | ) | 4.4 | (1.9 | ) | (71.0 | ) | (61.4 | ) | |||||||||||||||
| Income tax benefit | — | — | — | — | — | (5.3 | ) | (5.3 | ) | ||||||||||||||||||
| Equity in income of unconsolidated affiliates | — | — | (2.1 | ) | — | — | — | (2.1 | ) | ||||||||||||||||||
| Net income (loss) | $ | (46.5 | ) | $ | 62.1 | $ | (6.4 | ) | $ | 4.4 | $ | (1.9 | ) | $ | (65.7 | ) | $ | (54.0 | ) | ||||||||
| Reconciliation of net income (loss) to Adjusted EBITDA | |||||||||||||||||||||||||||
| Net income (loss) | $ | (46.5 | ) | $ | 62.1 | $ | (6.4 | ) | $ | 4.4 | $ | (1.9 | ) | $ | (65.7 | ) | $ | (54.0 | ) | ||||||||
| Income tax benefit | — | — | — | — | — | (5.3 | ) | (5.3 | ) | ||||||||||||||||||
| Interest expense, net of capitalized interest | — | — | — | — | — | 14.7 | 14.7 | ||||||||||||||||||||
| Depreciation and amortization | 29.0 | 10.1 | 6.3 | 4.2 | 0.9 | 1.5 | 52.0 | ||||||||||||||||||||
| EBITDA from continuing operations | (17.5 | ) | 72.2 | (0.1 | ) | 8.6 | (1.0 | ) | (54.8 | ) | 7.4 | ||||||||||||||||
| Stock based compensation expense | 0.4 | 0.5 | 0.3 | — | — | 3.9 | 5.1 | ||||||||||||||||||||
| Gain on sale or impairment of long lived assets | — | — | — | — | — | 0.6 | 0.6 | ||||||||||||||||||||
| Investment income | — | — | — | — | — | (2.4 | ) | (2.4 | ) | ||||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | — | 11.6 | 11.6 | ||||||||||||||||||||
| Adjusted EBITDA | $ | (17.1 | ) | $ | 72.7 | $ | 0.2 | $ | 8.6 | $ | (1.0 | ) | $ | (41.1 | ) | $ | 22.3 | ||||||||||
| Six Months Ended June 30, 2014 (Dollar amounts in millions) | OSB | Siding | EWP | South America | Other | Corporate | Total | ||||||||||||||||||||
| Sales | $ | 418.6 | $ | 313.2 | $ | 138.1 | $ | 78.5 | $ | 16.6 | $ | (1.8 | ) | $ | 963.2 | ||||||||||||
| Depreciation and amortization | 27.1 | 8.5 | 8.0 | 4.9 | 0.5 | 1.5 | 50.5 | ||||||||||||||||||||
| Cost of sales and selling and administrative | 398.9 | 259.6 | 140.3 | 65.4 | 17.8 | 44.7 | 926.7 | ||||||||||||||||||||
| Gain on sale or impairment of long lived assets | — | — | — | — | — | (0.5 | ) | (0.5 | ) | ||||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | — | 0.6 | 0.6 | ||||||||||||||||||||
| Total operating costs | 426.0 | 268.1 | 148.3 | 70.3 | 18.3 | 46.3 | 977.3 | ||||||||||||||||||||
| Income (loss) from operations | (7.4 | ) | 45.1 | (10.2 | ) | 8.2 | (1.7 | ) | (48.1 | ) | (14.1 | ) | |||||||||||||||
| Total non-operating expense | — | — | — | — | — | (12.1 | ) | (12.1 | ) | ||||||||||||||||||
| Income (loss) before income taxes and equity in income of unconsolidated affiliates | (7.4 | ) | 45.1 | (10.2 | ) | 8.2 | (1.7 | ) | (60.2 | ) | (26.2 | ) | |||||||||||||||
| Income tax benefit | — | — | — | — | — | (12.3 | ) | (12.3 | ) | ||||||||||||||||||
| Equity in income of unconsolidated affiliates | — | — | (1.8 | ) | — | — | — | (1.8 | ) | ||||||||||||||||||
| Income (loss) from continuing operations | $ | (7.4 | ) | $ | 45.1 | $ | (8.4 | ) | $ | 8.2 | $ | (1.7 | ) | $ | (47.9 | ) | $ | (12.1 | ) | ||||||||
| Reconciliation of income (loss) from continuing operations to Adjusted EBITDA from continuing operations | |||||||||||||||||||||||||||
| Income (loss) from continuing operations | $ | (7.4 | ) | $ | 45.1 | $ | (8.4 | ) | $ | 8.2 | $ | (1.7 | ) | $ | (47.9 | ) | $ | (12.1 | ) | ||||||||
| Income tax benefit | — | — | — | — | — | (12.3 | ) | (12.3 | ) | ||||||||||||||||||
| Interest expense, net of capitalized interest | — | — | — | — | — | 15.1 | 15.1 | ||||||||||||||||||||
| Depreciation and amortization | 27.1 | 8.5 | 8.0 | 4.9 | 0.5 | 1.5 | 50.5 | ||||||||||||||||||||
| EBITDA from continuing operations | 19.7 | 53.6 | (0.4 | ) | 13.1 | (1.2 | ) | (43.6 | ) | 41.2 | |||||||||||||||||
| Stock based compensation expense | 0.5 | 0.3 | 0.3 | — | — | 3.4 | 4.5 | ||||||||||||||||||||
| Gain on sale or impairment of long lived assets | — | — | — | — | — | (0.5 | ) | (0.5 | ) | ||||||||||||||||||
| Investment income | — | — | — | — | — | (3.5 | ) | (3.5 | ) | ||||||||||||||||||
| Expenses associated with proposed acquisition of Ainsworth Lumber Co. Ltd. | — | — | — | — | — | 6.8 | 6.8 | ||||||||||||||||||||
| Other operating credits and charges, net | — | — | — | — | — | 0.6 | 0.6 | ||||||||||||||||||||
| Depreciation included in equity in (income) loss of unconsolidated affiliates | — | — | 0.1 | — | — | — | 0.1 | ||||||||||||||||||||
| Adjusted EBITDA from continuing operations | $ | 20.2 | $ | 53.9 | $ | — | $ | 13.1 | $ | (1.2 | ) | $ | (36.8 | ) | $ | 49.2 | |||||||||||