1. Investor Presentation
Q3 2016

2. Forward Looking and Cautionary Statements
Safe Harbor Statement
This presentation contains forward-looking statements, which may concern our plans, objectives, outlook, goals, strategies, future events, future net sales or performance, capital expenditures, financing needs, future restructuring, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, which could cause actual results to differ materially from the results discussed in the forward-looking statements. Risks that could cause such results to differ include: volatility within the Internet Connectivity, Clean Energy, and Safety and Protection megatrends on which our business is focused, as well as specific market and industry trends within these megatrends; business, economic and political conditions in the United States and abroad, particularly in China, South Korea, Germany, Hungary and Belgium, where we maintain significant manufacturing, sales or administrative operations; fluctuations in foreign currency exchange rates; research and development efforts; competitive developments; business development transactions; the outcome of ongoing and future litigation, including our asbestos-related product liability litigation; and changes in laws and regulations applicable to our business. For additional information about the risks, uncertainties and other factors that may affect our business, please see our most recent annual report on Form 10-K and any subsequent quarterly reports on Forms 10-Q filed with the Securities and Exchange Commission. Rogers Corporation assumes no responsibility to update any forward-looking statements contained herein except as required by law.
Non-GAAP Information
This presentation includes the following financial measures that are not presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”):
 (1) Adjusted earnings per diluted share, which the Company defines as earnings per diluted share excluding acquisition-related amortization of intangible assets and discrete items, such as restructuring expenses, certain costs associated with acquisitions, and gains or losses on asset or business dispositions (collectively, “Discrete Items”);
 (2)Adjusted EBITDA, which the company defines as net income excluding interest expense, net income tax expense, depreciation and amortization, and Discrete Items; and
 (3) Adjusted operating margin, which the Company defines as operating margin excluding acquisition-related amortization of intangible assets and Discrete Items.
 Management believes each of these measures is useful to investors because they allow for comparison to the Company’s performance in prior periods without the effect of items that, by their nature, tend to obscure the Company’s core operating results due to the potential variability across periods based on the timing, frequency and magnitude. As a result, management believes that adjusted earnings per diluted share, adjusted EBITDA and adjusted operating margin enhance the ability of investors to analyze trends in the Company’s business and evaluate the Company’s performance relative to peer companies. However, non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation from, or solely as alternatives to, financial measures prepared in accordance with GAAP. In addition, these non-GAAP financial measures may differ from similarly named measures used by other companies. Reconciliations of the differences between these non-GAAP financial measures and their most directly comparable financial measures calculated in accordance with GAAP are set forth at the end of this document.

3. Why Invest in Rogers? Growing with Discipline Leading in Technology
Multi-pronged strategy driving sustainable growth and profitability
Growing with Discipline
Leader in engineered materials for mission-critical applications
Leading in Technology
Attractive markets with global opportunities
Leveraging Megatrends
Operational excellence delivering value
Driving Excellence
Track record of growth in revenue, margin & cash flow
Delivering Results

4. Rogers at a Glance A proud history with a compelling future
Global leaders in engineered materials
helping power, protect, connect our world
Ticker
NYSE ROG
Heritage
Established in 1832
184 years of operations
2015 Sales
$641M
Employees
2,800 employees worldwide
Global Scale
11 Manufacturing facilities in 6 countries
A proud history with a compelling future

5. 3 Strategic Business Segments
Advanced Connectivity Solutions (ACS)
Elastomeric Material Solutions (EMS)
Power Electronics Solutions
(PES)
High performance materials
Mission-critical applications
Technology innovation leadership
Strong, collaborative customer relationships
Focused on unique engineered materials solutions

6. Strategy for Sustainable Growth
Our
Focus
Global leader in engineered materials solutions to power, protect, connect our world
Our
Strategy
Market-Driven Organization
Innovation Leadership
Synergistic M&A
Operational Excellence
A Winning Team: Top Talent, Engaged Employees, Performance Culture
Our
3-Year Goals
Revenue Growth
Profitability
Returns
>15% CAGR
>15% Op. Margin
>15% ROIC*
* ROIC goal is based on net income excluding interest expense and net income tax expense.

7. Financial Results 7

8. Key Financial Results

9. Gross Margin Improvement
Margin up 390 bps due to operational excellence initiatives
390 basis point increase

10. Q3-2016 Summary Results Net Sales $165.3 $160.4 $4.9 Growth % 3.1%
($ in millions, except EPS)
Q3-2016
Q3-2015
Variance
Net Sales
$165.3
$160.4
$4.9
Growth %
3.1%
Operating Income
$23.1
$23.2
($0.1)
Operating Margin %
14.0%
14.5%
(50bps)
Adjusted Operating Income*
$25.1
$26.6
($1.5)
Adjusted Operating Margin %*
15.2%
16.6%
(140bps)
Net Income
$16.1
$12.5
$3.6
Net Income as a Percent of Net Sales
9.7%
7.8%
190bps
Adjusted EBITDA**
$34.1
$32.5
$1.6
Adjusted EBITDA %**
20.6%
20.3%
30bps
EPS
$0.88
$0.67
$0.21
Adjusted EPS*
$0.95
$0.89
$0.06
* Adjusted for acquisition intangible amortization and Discrete Items. See reconciliation tables on slides 16 & 18, as applicable.
** Adjusted for Discrete items. See reconciliation table on slide 17.

11. Q3 revenue exceeded guidance of $150M - $160M
Q Revenue Bridge
($ in millions)
7.2%
-0.9%
-3.2%
3.1%
3.1%
Q3 revenue exceeded guidance of $150M - $160M

12. Q3-2016 Adjusted Operating Income* Bridge
($ in millions)
0.0%
+6.0%
-14.3%
2.6%
-5.7%
* Adjusted for acquisition intangible amortization and other Discrete Items. See reconciliation table on slide 16.

13. Q3 YTD - 2016 Cash Utilization
($ in millions)
Cash Provided by Operating Activities
$94.2M
Cash Used In Investing Activities
$14.9M
Cash Used In Financing Activities
$108.9M
* Adjusted for interest expense, net income tax expense, depreciation and amortization, and Discrete Items. See reconciliation table on slide 17.

14. Historical Capital Deployment 2013-2015 Cumulative Op Cash Flow
Balanced and Disciplined Capital Deployment
Historical Capital Deployment
2013 – 2015 Growth
$237M
Other
~ 20%
16% CAGR
Net Acquisition Activity
~ 14%
10% CAGR
Stock Repurchase
~ 17%
9% CAGR
Debt Repayment
~ 19%
Capital Expenditures
~ 30%
Cumulative Op Cash Flow
Revenue
Adj. EPS*
EBITDA**
Looking ahead:
Pursue organic growth opportunities to deliver increased margin and revenue profile
Pursue acquisitions that are accretive to shareholder value
Selective and disciplined re-investment in business and share buyback
15.6%**
*See EPS reconciliation table on slide 28.
** Adjusted for other discrete charges . See EBITDA reconciliation table on slide 23 and 24.

15. Additional Information15

16. Q3-2016 Adjusted Operating Income & Operating Margin Reconciliation
($ in millions)
Q3-16 (%)
Q3-16 ($)
Q3-15 (%)
Q3-15 ($)
Operating Margin & Operating Income
14.0%
$23.1
14.5%
$23.2
Restructuring, Severance and Other Related Costs
0.1%
$0.2
0.3%
$0.5
Environmental Accrual Adjustment
(0.5)%
($0.9) -
Operating Margin & Operating Income, adjusted for Discrete Items
13.6%
$22.4
14.8%
$23.7
Acquisition Intangible Amortization
1.6%
$2.7
1.8%
$2.9
Adjusted Operating Margin & Operating Income
15.2%
$25.1
16.6%
$26.6

17. Q3-2016 Adjusted EBITDA Reconciliation
($ in millions)
YTD Q3-16 ($)
Q3-16 (%)
Q3-16 ($)
Q3-15 (%)
Q3-15 ($)
Net Income
$36.4
9.7%
$16.1
7.8%
$12.5
Interest
$3.1
0.5%
$0.8
0.7%
$1.1
Income Tax Expense
$29.1
4.7%
$7.8
6.0%
$9.6
Depreciation
$19.6
4.0%
$6.6
3.7%
$5.9
Amortization
$8.0
1.6%
$2.7
1.8%
$2.8
Restructuring, Severance and Other Related Costs
0.1%
$0.2
0.3%
$0.6
Environmental Accrual Adjustment
($0.9)
(0.5)% -
Tax Item
Loss on Sale of Business
Adjusted EBITDA
$97.1
20.6%
$34.1
20.3%
$32.5

18. Q3-2016 Adjusted EPS Reconciliation
($ in millions)
Q3-16 ($)
Q3-15 ($)
Earnings per Diluted Share
$0.88
$0.67
Restructuring, Severance and Other Related Costs
$0.01
$0.02
Environmental Accrual Adjustment
Tax Discrete Items
Integration Costs
($0.03) -
$0.10
Total Discrete Items
($0.02)
$0.12
Earnings per Diluted Share, adjusted for Discrete Items
$0.86
$0.79
Acquisition Intangible Amortization
$0.09
Adjusted Earnings per Diluted Share
$0.95
$0.89

19. Q3-2016 ACS Adj. Op. Income & Operating Margin Reconciliation
($ in millions)
Q3-16 (%)
Q3-16 ($)
Q3-15 (%)
Q3-15 ($)
Operating Margin & Operating Income (ACS)
11.6%
$7.6
18.1%
$12.0
Restructuring, Severance and Other Related Costs
0.1%
$0.1
Environmental Accrual Adjustment
(0.6)%
$(0.4) -
Operating Margin & Operating Income, adjusted for Discrete Items
11.1%
$7.3
18.2%
$12.1
Acquisition Intangible Amortization
1.2%
$0.8
2.1%
$1.3
Adjusted Operating Margin & Operating Income
12.3%
$8.1
20.3%
$13.4

20. Q3-2016 EMS Adj. Op. Income & Operating Margin Reconciliation
($ in millions)
Q3-16 (%)
Q3-16 ($)
Q3-15 (%)
Q3-15 ($)
Operating Margin & Operating Income (EMS)
20.1%
$10.9
17.4%
$8.2
Restructuring, Severance and Other Related Costs -
(0.1)%
($0.1)
Environmental Accrual Adjustment
(0.3)%
($0.2)
Operating Margin & Operating Income, adjusted for Discrete Items
19.8%
$10.7
17.3%
$8.1
Acquisition Intangible Amortization
1.4%
$0.8
2.3%
$1.1
Adjusted Operating Margin & Operating Income
21.2%
$11.5
19.6%
$9.2

21. Q3-2016 PES Adj. Op. Income & Operating Margin Reconciliation
($ in millions)
Q3-16 (%)
Q3-16 ($)
Q3-15 (%)
Q3-15 ($)
Operating Margin & Operating Income (PES)
7.0%
$2.8
3.0%
$1.1
Restructuring, Severance and Other Related Costs -
1.5%
$0.5
Environmental Accrual Adjustment
(0.5)%
($0.2)
Operating Margin & Operating Income, adjusted for Discrete Items
6.5%
$2.6
4.5%
$1.6
Acquisition Intangible Amortization
2.4%
$1.0
1.1%
$0.4
Adjusted Operating Margin & Operating Income
8.9%
$3.6
5.6%
$2.0

22. 2013-2015 Adjusted Operating Income Reconciliation
($ in millions)
2015 (%)
2014 (%)
2013 (%)
GAAP
11.9%
13.3%
9.2%
Environmental charge
0.5 -
Severance
0.3
0.9
Integration costs
0.8
Non-recurring purchase accounting
0.2
Pension curtailment and settlement charges
Acquisition costs
0.4
Relocation charges for Curamik’s final inspection operation
Impairment charge on investment
Other special charges
0.1
Non-GAAP Operating Income
13.7%
14.6%
11.5%
Acquisition Intangible Amortization
1.7
1.0
1.1
Adjusted Operating Income
15.4%
15.6%
12.6%

23. 2015 Adjusted EBITDA Reconciliation
($ in millions)
2015 (%)
2015 ($)
Net Income
7.2%
$46.3
Interest
0.7
4.5
Income Tax (Benefit) Expense
3.1
19.8
Depreciation
3.6
23.2
Intangible amortization
1.7
10.9
Environmental charge
0.5
3.2
Severance
0.3
1.6
Non-recurring purchase accounting
Integration Costs
4.8
Loss on Sale of Business
Tax Items
0.4
2.5
Adjusted EBITDA
19.2%
$123.2

24. 2014 and 2013 Adjusted EBITDA Reconciliation
($ in millions)
2014 (%)
2013 (%)
Net Income
8.7%
7.0%
Interest
0.5
0.7
Income Tax (Benefit) Expense
4.5
2.1
Depreciation
3.3
3.8
Intangible amortization
1.0
1.1
Acquisition costs
0.4 -
Pension curtailment and settlement charge
0.9
0.3
Relocation charges for Curamik’s final inspection operation
0.2
Impairment charge on investment
0.8
Severance
Other special charges
0.1
Adjusted EBITDA
19.3%
17.0%

25. 2015 ACS Adj. Op. Income Reconciliation
($ in millions)
2015 (%)
2015 ($)
Advanced Connectivity Solutions (ACS):
GAAP
16.9%
$45.1
Environmental charge
0.5
1.4
Severance
0.2
0.4
Acquisition costs
0.9
2.5
Non-recurring purchase accounting
0.3
1.0
Non-GAAP Operating Income
18.8%
$50.4
Acquisition Intangible Amortization
1.9
5.2
Adjusted Operating Income
20.7%
$55.6

26. 2015 EMS Adj. Op. Income Reconciliation
($ in millions)
2015 (%)
2015 ($)
Elastomeric Material Solutions (EMS):
GAAP
11.0%
$20.0
Environmental charge
0.4
0.8
Severance
0.2
0.3
Acquisition costs
0.9
1.6
Non-recurring purchase accounting
0.5
Non-GAAP Operating Income
12.8%
$23.2
Acquisition Intangible Amortization
2.3
4.1
Adjusted Operating Income
15.1%
$27.3

27. 2015 PES Adj. Op. Income Reconciliation
($ in millions)
2015 (%)
2015 ($)
Power Electronics Solutions (PES):
GAAP
2.5%
$3.8
Environmental charge
0.7
1.1
Severance
0.6
0.9
Acquisition costs -
Non-recurring purchase accounting
Non-GAAP Operating Income
3.8%
$5.8
Acquisition Intangible Amortization
1.6
Adjusted Operating Income
4.9%
$7.4

28. Earnings Non-GAAP Reconciliation
Rogers Corporation Reconciliation of GAAP to Non-GAAP Financial Measures
(Unaudited)
($ in millions)
2015 ($)
2014 ($)
2013 ($)
GAAP Earnings per Diluted Share
$2.48
$2.86
$2.15
Environmental charge
$0.11 -
Severance
$0.06
$0.20
Loss on the sale of a business
$0.16
Non-recurring purchase accounting costs
Integration costs related to Arlon, LLC
$0.18
Tax Items
$0.03
Acquisition costs related to Arlon, LLC
Pension curtailment and settlement charges
Expense related to a non-cash tax charge associated with the cash repatriation of $40 million from Europe
$0.25
Impairment charge on write down of investment
$0.01
$0.17
Relocation of Curamik
$0.04
Other Special Charges
$0.02
Total Special Adjustments
$0.60
$0.55
0.49
Non-GAAP Earnings less special adjustments
$3.08
$3.41
$2.64
Intangible Amortization
$0.40
$0.24
Non-GAAP Adjusted Earnings
$3.48
$3.65
$2.88

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