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, 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.

Second Quarter 2009 Consolidated Results

Special items (after-tax)

$0.43 per share income related to alternative fuel mixture credits

$0.10 per share charge related to letter of credit substitution

$0.05 per share gain related to purchase and retirement of long-term debt

$ 0.07

$ 0.30

$ 0.24

Net income per share excluding special
items

0.00

(0.03)

(0.37)

Special items

$ 0.07

$ 0.33

$ 0.61

Net income per share

2008

2009

Corrugated Packaging Segment

($ in Millions)

$ 105

(685)

$ 790

2009

$ 52

$ 91

Segment operating income

(746)

(671)

Costs and expenses

$ 798

$ 762

Revenues

2008

2009

Record second quarter

17.3% ROI

Key drivers

Lower mill and converting costs

PBL acquisition

Input costs

Corrugated Packaging Segment

Temple-Inland Industry *

Box Shipments

* Source: Fibre Box Association

Quarterly

Q2 Q3 Q4 Q1 Q2

2008

2009

Matching Production to our Demand

Q2 2009 downtime

73,000 tons maintenance-related, primarily at
Rome

Inventories

Lowest levels since 2002

Below practical minimum

Q3 2009 maintenance downtime

8,000 tons maintenance-related at New
Johnsonville and Newport

Building Products Segment

($ in Millions)

$( 2)

(153)

$ 151

2009

$ 1

$( 3)

Segment operating income (loss)

(192)

(147)

Costs and expenses

$ 193

$ 144

Revenues

2008

2009

No seasonal pickup

Indefinite closure of Buna, TX sawmill

Building Products EBITDA Trends

Housing Starts

TIN EBITDA

2006

2007

2008

2,127

2009

1,017

Building Products Segment

Lumber

Price

2008

2009

Q2 Q3 Q4 Q1 Q2

Volume

2008

2009

Q2 Q3 Q4 Q1 Q2

Building Products Segment

Gypsum

Volume

2008

2009

Q2 Q3 Q4 Q1 Q2

Price

Q2 Q3 Q4 Q1 Q2

2008

2009

Price

Particleboard

Volume

Building Products Segment

2008

2009

Q2 Q34 Q4 Q1 Q2

Q2 Q3 Q4 Q1 Q2

2008

2009

Second Quarter, 2009 Financial Highlights

Cash Flow

Cash provided by operations $172 million

Balance Sheet

Long term debt $1,027 million at 2Q-end, down $116 million
vs. 1Q-end and $165 million year-to-date

Net debt $996 million at 2Q-end

Liquidity

Unused borrowing capacity of $689 million at 2Q-end

Second Quarter-End, 2009
Committed Credit Facilities

($ In Millions)

Accounts

Receivable

Committed

Securitization

Credit

Facility

Agreements

Total

Committed

$ 250

$ 825

$1,075

Less:

Borrowings

(234

)

(119

)

(353

)

Letters of credit

(33

)

(33

)

Unused borrowing capacity

$ 16

$ 673

689

Covenants (as specifically defined):

2Q-End, 2009

Debt/total capital

53.7

% Max

Interest coverage *

6.6

3.0

x Min

* Best 4 out of 5 trailing quarters.

Second Quarter, 2009 Financial Highlights

Expense related items

General & administrative expenses $18 million, down 14% vs.

year ago

Share-based compensation $17 million, up due to 119%
increase in stock price from 1Q-end

Effective tax rate for the year lowered from 46% to 39%

Second Quarter, 2009
Alternative Fuel Mixture Credit Update

Income from alternative fuel mixture tax credits $77 million for the
period March 20, 2009 through 2Q-end.

We are filing weekly for credits and received $66 million during 2Q,
2009.

Our position is that these credits are not taxable income but may be
subject to alternative minimum tax at a cash tax rate of 15%.

We are required under generally accepted accounting principles to
record these credits on an after-tax basis.