Exhibit 99.2 Reconciliation of EBITDA from continuing operations and Adjusted EBITDA from continuing operations for the quarter ended March 31, 2018 and 2017.
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| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Quarter Ended March 31, 2018 (Dollar amounts in millions) | Siding | | OSB | | EWP | | South America | | Other | | Corporate | | Total |
| Reconciliation of income from continuing operations to Adjusted EBITDA from continuing operations | | | | | | | | | | | | | |
| Income from continuing operations | $ | 45.3 |
| | $ | 97.4 |
| | $ | 2.8 |
| | $ | 8.9 |
| | $ | (0.9 | ) | | $ | (58.6 | ) | | $ | 94.9 |
|
| Provision for income taxes | — |
| | — |
| | — |
| | — |
| | — |
| | 29.7 |
| | 29.7 |
|
| Interest expense, net of capitalized interest | — |
| | — |
| | — |
| | — |
| | — |
| | 4.4 |
| | 4.4 |
|
| Depreciation and amortization | 8.2 |
| | 14.8 |
| | 4.4 |
| | 2.3 |
| | 0.5 |
| | 0.8 |
| | 31.0 |
|
| EBITDA from continuing operations | 53.5 |
| | 112.2 |
| | 7.2 |
| | 11.2 |
| | (0.4 | ) | | (23.7 | ) | | 160.0 |
|
| Stock-based compensation expense | 0.2 |
| | 0.3 |
| | 0.1 |
| | — |
| | — |
| | 1.6 |
| | 2.2 |
|
| Gain on sale or impairment of long lived assets, net | — |
| | — |
| | — |
| | — |
| | — |
| | (0.6 | ) | | (0.6 | ) |
| Investment income | — |
| | — |
| | — |
| | — |
| | — |
| | (3.2 | ) | | (3.2 | ) |
| Other operating credits and charges, net | — |
| | — |
| | — |
| | — |
| | — |
| | (0.4 | ) | | (0.4 | ) |
| Other non-operating items | — |
| | — |
| | — |
| | — |
| | — |
| | 1.4 |
| | 1.4 |
|
| Adjusted EBITDA from continuing operations | $ | 53.7 |
| | $ | 112.5 |
| | $ | 7.3 |
| | $ | 11.2 |
| | $ | (0.4 | ) | | $ | (24.9 | ) | | $ | 159.4 |
|
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| | | | | | | | | | | | | | | | | | | | | | | | | | | |
Quarter Ended March 31, 2017
(Dollar amounts in millions) | Siding | | OSB | | EWP | | South America | | Other | | Corporate | | Total |
| Reconciliation of income from continuing operations to Adjusted EBITDA from continuing operations | | | | | | | | | | | | |
|
| Income from continuing operations | $ | 40.7 |
| | $ | 60.8 |
| | $ | 0.8 |
| | $ | 5.1 |
| | $ | (0.2 | ) | | $ | (52.2 | ) | | $ | 55.0 |
|
| Provision for income taxes | — |
| | — |
| | — |
| | — |
| | — |
| | 15.5 |
| | 15.5 |
|
| Interest expense, net of capitalized interest | — |
| | — |
| | — |
| | — |
| | — |
| | 5.0 |
| | 5.0 |
|
| Depreciation and amortization | 8.1 |
| | 14.7 |
| | 3.8 |
| | 2.2 |
| | 0.9 |
| | 0.9 |
| | 30.6 |
|
| EBITDA from continuing operations | 48.8 |
| | 75.5 |
| | 4.6 |
| | 7.3 |
| | 0.7 |
| | (30.8 | ) | | 106.1 |
|
| Stock-based compensation expense | 0.2 |
| | 0.2 |
| | 0.1 |
| | — |
| | — |
| | 3.6 |
| | 4.1 |
|
| Loss on sale or impairment of long lived assets, net | — |
| | — |
| | — |
| | — |
| | — |
| | 0.6 |
| | 0.6 |
|
| Investment income | — |
| | — |
| | — |
| | — |
| | — |
| | (2.0 | ) | | (2.0 | ) |
| Other operating credits and charges, net | — |
| | — |
| | — |
| | — |
| | — |
| | 3.4 |
| | 3.4 |
|
| Other non-operating items | — |
| | — |
| | — |
| | — |
| | — |
| | 1.9 |
| | 1.9 |
|
| Adjusted EBITDA from continuing operations | $ | 49.0 |
| | $ | 75.7 |
| | $ | 4.7 |
| | $ | 7.3 |
| | $ | 0.7 |
| | $ | (23.3 | ) | | $ | 114.1 |
|
