Our job is to be the best

This presentation contains “forward-looking statements” within the meaning of the federal
securities laws. These statements reflect management’s current views with respect to future
events and are subject to risk and uncertainties. We note that a variety of factors and uncertainties
could cause our actual results to differ significantly from the results discussed in the forward-
looking statements. Factors and uncertainties that might cause such differences include, but are
not limited to: general economic, market, or business conditions; the opportunities (or lack
thereof) that may be presented to us and that we may pursue; fluctuations in costs and expenses
including the costs of raw materials, purchased energy, and freight; changes in interest rates;
current conditions in financial markets could adversely affect our ability to finance our operations;
demand for new housing; accuracy of accounting assumptions related to impaired assets, pension
and postretirement costs, and contingency reserves and income taxes; competitive actions by
other companies; changes in laws or regulations; our ability to execute certain strategic and
business improvement initiatives; the accuracy of certain judgments and estimates concerning the
integration of acquired operations; and other factors, many of which are beyond our control.
Except as required by law, we expressly disclaim any obligation to publicly revise any forward-
looking statements contained in this presentation to reflect the occurrence of events after the date
of this presentation.

This presentation includes non-GAAP financial measures. The required reconciliations to
GAAP financial measures are included on our website, www.templeinland.com.

First Quarter 2009 Consolidated Results

Net income (loss) per share

Special items

Net income (loss) per share excluding
special items

$ 0.11

0.17

$ (0.06)

Q4
2008

$ (0.05)

$ 0.30

0.07

(0.03)

$ (0.12)

$ 0.33

Q1
2008

Q1
2009

Corrugated Packaging Segment

($ in Millions)

$ 68

(751)

$ 819

2008

$ 55

$ 105

Segment operating income

(721)

(685)

Costs and expenses

$ 776

$ 790

Revenues

2008

2009

Record earnings

Key drivers

Box plant transformation

PBL acquisition

Input costs

Key Input Cost Changes

Q1 2009 vs. Q1 2008 Q1 2009 vs. Q4 2008

Virgin Fiber OCC Energy Chemicals Freight

Input cost changes include the addition of the
PBL mill in third quarter 2008.

Corrugated Packaging Segment

TIN Average Box Price *

* Average box price realization includes the impact of mix of business

2008

Q1 Q2 Q3 Q4 Q1

2009

Corrugated Packaging Segment

Temple-Inland Industry *

Box Shipments

* Source: Fibre Box Association

Quarterly

Q1 Q2 Q3 Q4 Q1

2008

2009

Matching Production to our Demand

Q1 2009 downtime

37,000 tons market related

23,000 tons maintenance related

Inventories

Inventories lower at quarter end vs. Q4 2008 and
Q1 2008

Q2 2009 maintenance downtime

80,000 tons maintenance related primarily at Rome

Building Products Segment

($ in Millions)

$( 14)

(168)

$ 154

2008

$( 21)

$( 2)

Segment operating income (loss)

(189)

(153)

Costs and expenses

$ 168

$ 151

Revenues

2008

2009

Building Products EBITDA Trends

Housing Starts

TIN EBITDA

1,460

2006

2007

2008

2,127

2009

Building Products Segment

Lumber

Price

2008

2009

Q1 Q2 Q3 Q4 Q1

Volume

2008

2009

Q1 Q2 Q3 Q4 Q1

Building Products Segment

Gypsum

Volume

2008

2009

Q1 Q2 Q3 Q4 Q1

Price

Q1 Q2 Q3 Q4 Q1

2008

2009

Price

Particleboard

Volume

Building Products Segment

2008

2009

Q1 Q2 Q3 Q4 Q1

Q1 Q2 Q3 Q4 Q1

2008

2009

Alternative Fuel Credit Update

Received “AM” registration from IRS in late March 2009

Began using alternative fuel in late March 2009

Anticipate using 550-650 million gallons of alternative
fuel annually

No benefits from Alternative Fuel Mixture Tax Credit
included in first quarter results

First Quarter-End, 2009 Financial
Highlights

Cash Flow

Cash provided by operations $80 million

Balance Sheet

Long term debt $1,143 million, down $49 million vs.
year-end, 2008

Liquidity

Unused borrowing capacity $685 million

General & administrative expenses $17 million, down
19% vs. year ago

Term Debt Maturity Profile as of First
Quarter-End, 2009

Existing term debt

($ in millions)

First Quarter-End, 2009
Committed Credit Facilities

($ In Millions)

Accounts

Receivable

Committed

Securitization

Credit

Facility

Agreements

Total

Committed

$ 250

$ 835

$1,085

Less:

Borrowings

(238

)

(131

)

(369

)

Letters of credit

(19

)

(19

)

Temp. adj. to borrowing base

(12

)

(12

)

Unused borrowing capacity

$ 685

685

Covenants (as specifically defined):

1Q-End, 2009

Debt/total capital

57.5

% Max

Interest coverage *

5.2

3.0

x Min

*Best 4 out of 5 trailing quarters. 1Q/2009 = 7.6x

Our job is to be the best