October, 2011 Defense and Industry. Technology Based Solutions AirBoss of America Corp. Technology Based Solutions Defense and Industry. Infrastructure + Defense+ Defense+ Heavy-Duty Conveyor Belts + October, 2011

Agenda Overview Introduction AirBoss Rubber Compounding AirBoss Engineered Products Management and Personnel Introduction

AirBoss of America Corp. AirBoss of America Corp., develops, manufactures, and sells rubber-based products for military, transportation, and industrial markets in North America and Europe EBITDA (C$ Millions)(1) As per consensus analyst estimates

Investment Highlights North America’s premier industrial rubber producer 2010 EPS $0.55 2011 EPS $0.65 EST Low net debt High insider ownership (24%) with management focused on enhancing shareholder value Rubber Compounding #1 supplier of rubber compounds to the North American mining and coal industries Second largest rubber compound manufacturer in North America Positioned to take advantage of tire company recovery AirBoss-Defense World leader in the supply of CBRN protective gloves and boots, including sole supplier to US Military Sole supplier of gas masks to Canadian DND Actively seeking strategic acquisition opportunities

Agenda Introduction AirBoss Engineered Products Management and Personnel AirBoss Rubber Compounding

AirBoss Rubber Compounding - Overview AirBoss of America Corp. AirBoss Rubber Compounding - Overview Overview Manufactures over 1,000 different un-vulcanized custom compounds from synthetic or natural rubber for a wide variety of customers in North America Note: 2009 EBITDA was negative due to inventory write-downs 6

AirBoss of America Corp. Products + Infrastructure Oil & Gas Cable & Wire Heavy-duty Conveyor Belts Mining Tire & Track Industrial Automotive Defense Compounded Rubber: 250 million pounds capacity 1 AirBoss is one of North America's leading custom rubber mixers with the capacity to supply over 250 million pounds annually. We continually invest in our manufacturing. Our main facilities in Ontario and Quebec, are supplemented by a state-of-the-art mixing facility in Scotland Neck, North Carolina. 7

AirBoss Rubber Compounding – Market Segments 70% of our compounds end up in a mine including conveyor belting, off-road tire retreads, solid tires, truck bed liners and ball mill liners. 8

Principal uses are coal and hard rock mining AirBoss of America Corp. Products Heavy-duty Conveyor Belts Heavy-duty Conveyor Belts 37% 1 AirBoss is the largest independent compound supplier in North America to the conveyor belt industry. Principal uses are coal and hard rock mining Growth Potential – Oil Sands, South America, Australia 9

Largest independent supplier of off road tire retread compounds AirBoss of America Corp. Products Mining Mining and Industrial 23% 1 AirBoss supplies abrasion resistant compounds for mining truck bed liners and ball mill liners Largest independent supplier of off road tire retread compounds 10

Expected Growth over next 24 months North American OEM tire markets AirBoss of America Corp. New Markets Cable & Wire Cable & Wire: 1 Expected Growth over next 24 months North American OEM tire markets New market segments such as wire and cable Major tire companies 11

Leveraging Existing Capacity 2011 at 75% Moving to 90% in next year Kitchener - Replacement Cost: US$50 million Scotland Neck - Replacement Cost: US$15 million 12

AirBoss Rubber Compounding- Key Success Factors cont. . Competitive advantages Large capacity, state-of-the-art equipment and high level of automation results in highest quality Maximize efficiency due to larger batch size and shorter production cycles Utilize world-wide purchasing and strong technical staff in the dedicated labs. Ability to source raw materials worldwide Accredited lab for product development 13

Agenda Management and Personnel AirBoss Engineered Products Introduction AirBoss Rubber Compounding Management and Personnel AirBoss Engineered Products 14

AirBoss Engineered Products Overview AirBoss-Defense accounts for over 70% of AirBoss Engineered Products revenue 15

CBRN Products include: AirBoss-Defense AirBoss-Defense manufactures protective wear for military and first response applications including gas masks, rubber gloves, boots, over-boots for military applications requiring CBRN contaminant protection, extreme cold weather ("ECW") footwear protection for military use and rubber compounds and pre-forms for military tank track repair. CBRN Products include: AirBoss Moulded Glove AirBoss Lightweight Over-boot C-4 Gas Mask

AirBoss Engineered Products; AirBoss-Defense highlights Sole supplier of CBRN protective hand wear and foot wear to Canada, US and many NATO countries Sole supplier of gas mask to Canadian DND Also supply ECW products and tank repair products

AirBoss Engineered Products; AirBoss-Defense Sales Trend AirBoss-Defense volumes positively impacted by replacing older, less effective competing technologies

AirBoss-Defense key success factors CBRN Protection Technology US Military testing confirms that AirBoss-Defense products offer significantly superior performance Proprietary rubber compounds Commitment to New Product Development – next generation products Injection moulded CBRN boot - cost reductions of between $6 and $8 per pair Gas mask – Next generation light weight Joint advancement of “sensor” science with Canadian government

AirBoss-Defense Growth Opportunities In addition to new products Geographical market expansion First Response and Fire - Honeywell

Financial Data YE Dec. 31 2009A 2010 2011E¹ AirBoss of America Corp. Financial Data YE Dec. 31 2009A 2010 2011E¹ Revenue (mm) $210.0 $240.4 $252.3 EBITDA (mm) $16.3 $26.9 $30.4 EV/EBITDA 9.3x 6.2x 6.1x EPS f.d. $0.26 $0.55 $0.65 P/E 20.8x 12.7x 8.2x CFPS $0.42 $0.79 $0.90 P/CF 13.1 8.9x 5.9x Net debt (cash) $21.7 $10.5 - Book Value $2.94 $3.35 $3.98 P/BV 2.4x 2.1x 1.3x ¹ Analyst Estimates 21

Summary Industry leaders in both main business segments Growth opportunities in both Strong financial position provides strategic acquisition flexibility

Summary Strong Working Capital 2.45:1 Debt reduced by 2/3 over last 2 years Dividend increased from $0.05 per year to $0.15 per year 9 month EBITDA increase of 82%

Market Data Close Price - As at October 7, 2011 $5.30 52 week High-low $7.44 - $4.85 Shares Outstanding (000s) 23,610 Free float % 76% Avg. Volume (last 100 days) 13,168 TTM EBITDA (000s) $31,035 Net Debt (000s) $22,392 Market Cap (000s) $125,307 Enterprise Value (000s) $147,699   Valuation Trailing LTM EV/EBITDA Trailing LTM P/E - Basic

Agenda Introduction AirBoss Rubber Compounding AirBoss Engineered Products Management and Personnel

Management Gren Schoch, Chairman of the Board Gren Schoch is a professional engineer and ran a successful engineering and geological services company, MPH Consulting, between 1976 and 1995. In 1982, he also founded and chaired Petromet Resources, a junior oil and gas exploration company that was sold to Talisman Energy for more than $900 million in 2001. Since 1989, Gren has been the Chairman and substantial shareholder of AirBoss. Robert Hagerman, President and Chief Executive Officer Robert Hagerman obtained his CA designation in 1976 and was employed in the Montreal and later the London office of Price Waterhouse for 12 years in Audit, Insolvency, and Mergers and Acquisitions. Robert, one of the original founders and directors of AirBoss, was appointed CEO in 1992 and has been instrumental in growing the Company ever since. Stephen Richards, Vice President, Finance and CFO Stephen Richards obtained his CA designation in 1988 and was employed with Ernst & Young over a seven year period involved in various Audit, Insolvency and Management Consulting assignments. His primary responsibilities in his career with various transportation and manufacturing companies included strategic planning, systems development and performance improvement.  In his previous role Mr. Richards served as Vice President of Finance for Clarke Inc., a TSX-listed transportation company, and joined AirBoss in April, 2005. Robert Dodd, Executive Vice President Robert Dodd has held either Director or VP roles at 3 previous employers prior to joining AirBoss. At Trelleborg, he was on the Board of Directors of their North American company TSS US Inc. Robert has a proven change management track record and also has prior expertise in developing and executing business strategies for both international and domestic markets in an executive capacity. With his prior experience of developing acquisition targets in India and Brazil and his recent achievement of establishing a green field site in Shanghai, China, Robert brings a wealth of international and diverse experiences to his role within AirBoss. Earl Laurie, President, AirBoss-Defense Division Earl Laurie has run the sales, marketing and contract administration of the defense products business of Acton–International Inc. since inception. With the purchase of Acton-International by AirBoss in 1999 and the reorganization into AirBoss Engineered Products (“AEP”) in 2005 Mr. Laurie is now responsible for the operations of AirBoss-Defense, the defense products division of AEP and has been instrumental in its growth.

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