1. WELCOME 2015 Stockholders Meeting April 27, 2015

2. Doug Brossman President & CEO April 27, 2015

3. Statements in this presentation that are not historical are “forward-looking statements” and are subject to change. These statements are subject to risks and uncertainties that could cause the Company’s actual operating results to differ materially from those contemplated by the forward-looking statements. Certain non-GAAP financial measures may also be used. For further information on risk factors affecting the Company’s business, or reconciliation to appropriate GAAP measures, please refer to our most recent annual and quarterly reports available on our website at www.burnhamholdings.com. The company expressly disclaims any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Burnham Holdings, Inc. (“BHI”) is a holding company owning multiple, separate subsidiaries that each do business in the HVAC industry. All products, services and related activities referred to herein are the products, services and related activities of the applicable subsidiary, and not of BHI. Cautionary Statements

4. Our Vision To be leaders in providing thermal solutions for residential, commercial, and industrial applications, through highly efficient, dependable products and services Our Principles Performance – Create shareholder value through industry leadership and operational excellence Innovation – Create customer solutions by applying advanced technology to create superior products and services Engagement – Committed to the success of our customers, colleagues and community Integrity – We keep our promises

5. 2014 Performance 2014 Financial Highlights:  Net Sales increased 5% to $200.4mm  Residential Sales up 2.6%  Commercial Sales up 13.8%  Continued Strong Gross Profit Margin $48mm, or 24% of Sales  Net income of $8.6mm, or $1.90 per share  Dividends of $0.84, 5% increase over 2013  Year End Debt of $10.5mm, well below 10 yr. average

6. Residential Products Commercial BoilersVertical Integration Boiler Furnace/AC/Heat Pumps Crown Boiler Thermo Products Bryan Steam Casting Solutions New Yorker Boiler Burnham Commercial Lancaster Metal Manufacturing US Boiler Thermal Solutions Norwood Manufacturing Inc. Velocity Boiler Works ABOUT BHI

7. Growth Opportunities Growth in Both Residential and Commercial Markets… US Residential Boiler Units 2002 - 2014 US Commercial Boiler Units 2002-2014. Grow Market Share of Cyclical Markets with Large Installed Base

8. Growth Opportunities …However, Non-Condensing Product Unit Growth has Been Flat… US Residential Non- Condensing Boiler Units 2002 - 2014 US Commercial Non-Condensing Boiler Units 2002-2014. Understanding Product Segmentation Critical to Success.

9. Growth Opportunities Strengthen the Base, Broaden the Product Offering to Capture Market Share in All Product Segments US Market shift to high efficiency, higher priced condensing units… US Residential Boiler Units 2002 - 2014 US Commercial Boiler Units 2002-2014.

10. Growth Opportunities 2014 High Efficiency Residential Product Launches:

11. Growth Opportunities 2014 High Efficiency Commercial Product Launches:

12. Product Development Investment Continued Product Innovation and Process Improvement is Key to Our Success USB Developing Sophisticated Product Development Lab in Lancaster

13. Manufacturing Innovation Seeking Continuous Improvement to Safety, Quality and Productivity

14. Employee Engagement Bryan SteamCasting Solutions United Way of Miami County United Way Fund Miami County Community Foundation Ohio Cast Metals Associate Sponsor Junior Achievement of Miami County Falls Township Fire Department Circus City Festival Officer Phil - Keeping Children Drug Free Miami County YMCA South Zanesville Police Auxiliary Zanesville Fraternal Order of Police Lancaster Based Companies Children's Wish Foundation American Cancer Society Miscellaneous Contributions Compass Mark Fulton Opera House Thermo Products Hospice of Lancaster Stark County United Way Junior Achievement of Lancaster/Lebanon Scholarship Foundation Lancaster City Alliance South Davidson Booster Club Lancaster General Health Project Junior Achievement Manheim Township Ambulance Davidson County Rescue Rees Scholarship Foundation Toys for Tots Rohrerstown Volunteer Fire Co Stevens Trade School United Way of Lancaster County Schreiber Pediatric Center Aligning Community Engagement with Employees’ Passions

15.  Net Sales increased 8% over 2014 Residential Sales up 9% Commercial Sales up 6%  Gross Profit as percent of sales increased from 19.4% to 19.6%  Net lossImprovement of $198k; $649k improvement if exclude Q1 2014 Pension gain of $451  Fourth Straight Year of Increased Dividends Q1 2015 Results First Quarter Results 20142015 Net Sales ($mm)$35.7$38.5 Net Income ($000) -$786-$588 EPS-$0.17-$0.13 Dividend/SH$0.21$0.22

16. Q & A 2015 Stockholders Meeting April 27, 2015

17. 2015 Stockholders Meeting April 27, 2015