8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

_________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

_________________

Date of Report: September 16, 2009

(Date of earliest event reported)

TEMPLE-INLAND INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware	001-08634	75-1903917
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1300 MoPac Expressway South, 3rd Floor

Austin, Texas 78746

(Address of Principal Executive Offices, including Zip code)

(512) 434-5800

(Registrant's telephone number, including area code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

G Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

G Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

G Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

G Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 7.01. Regulation FD Disclosure.

On September 16, 2009, Doyle R. Simons, Chief Executive Officer of Temple-Inland Inc., gave an address to the UBS Global Paper and Forest Products Conference in New York City.  Copies of the presentation materials used by Mr. Simons are furnished as exhibit 99.1 of this report.

Item 9.01. Financial Statements and Exhibits.

(d)           Exhibits.

99.1 Presentation materials used by Mr. Simons during his address to the UBS Global Paper and Forest Products Conference in New York City on September 16, 2009.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	TEMPLE-INLAND INC.
Date: September 16, 2009	By:	/s/ Randall D. Levy
		Name:         Randall D. Levy
		Title:           Chief Financial Officer

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EXHIBIT INDEX

Exhibit	Description	Page
99.1	Presentation materials used by Mr. Simons during his address to the UBS Global Paper and Forest Products Conference in New York City on September 16, 2009	4

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EX-99.1

1

Our job is to be the best

UBS Global Paper and Forest Products
Conference

September 16, 2009

2

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.

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

Forward Looking Statements

3

Create Superior and Sustainable Value

•Maximize ROI

•Profitably grow our business

4

First Half 2009 Results

•Corrugated Packaging

–Record EBIT - $196 million

–18.6% ROI

•Building Products

–EBITDA - $18 million

–$14 million improvement from first six months
2008

5

•Corrugated Packaging

•Building Products

Business Description

Financial Highlights

($ in Millions)	2004	2005	2006	2007	2008
Revenue	$3,587	$3,723	$4,096	$3,850	$3,884
EBIT	$134	$133	$331	$161	$111
Investment	$2,370	$2,431	$2,620	$2,570	$2,484
ROI	5.7%	5.5%	12.6%	6.3%	4.5%
EBITDA	$340	$339	$542	$364	$317

Notes:Excludes 2004-2007 timber and timberland segment results.

Temple-Inland

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•7 mills

- 3.9 million tons

•63 converting facilities

- 3.7 million tons

•# 3 industry producer

Business Highlights

Financial Highlights

($ in Millions)	2003	2004	2005	2006	2007	2008
Revenue	$2,700	$2,736	$2,825	$2,977	$3,044	$3,190
EBIT	$18	$96	$120	$255	$287	$225
Investment	$2,237	$2,042	$2,125	$2,039	$2,004	$1,990
ROI	0.8%	4.7%	5.6%	12.5%	14.3%	11.3%
EBITDA	$185	$255	$280	$408	$429	$371

Corrugated Packaging Segment Highlights

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• Maintain high integration level

- Box plant consumption =mill capacity

•Drive forlow cost

- Asset utilization and manufacturing excellence

•Improve mix and margins

- Sales excellence

• Profitably grow business

- Organically / Acquisition

Lowering Costs, Improving Efficiencies and Growing Profitable Market Share

Corrugated Packaging Strategic Initiatives

8

Temple-Inland is the most integrated producer of corrugated containers

Integration Level - Highest in the Industry

9

	Old	Future	% ∆
Machines	42	22	(48%)
People	920	703	(24%)
$ Cost/Ton			(34%)

Fewer machines, fewer people, and lower costs

Note:Representative of transformation of four of our largest box plants.

Structural Cost Change Underway

10

Improve Mix and Margins

•Centralized pricing decision making

•Structured and disciplined approach to
market

•Target customers where we can create
value

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Food & Beverage

63%

Misc. Mfg.

3%

Other

14%

Chemicals

4%

Rubber & Plastics

5%

Paper & Allied

11%

Food & Beverage

49%

Paper & Allied

22%

Rubber & Plastics

6%

Chemicals

5%

Misc.

Nondurables

4%

Misc. Durable Goods

14%

Temple-Inland

Industry*

*Source: Fibre Box Association

Shipments by End-Use Industry

12

Premier Boxboard Acquisition Update

•Acquired in July 2008 for $87M

–4.7x avg. EBITDA inclusive of synergies

•Synergy realization ahead of schedule

•Ramp-up production of value added white-top
linerboard

13

TIN has highest ROA improvement relative to Peer Group

Notes: (1) As reported by segment excluding special itemsfor TIN, IP and Weyerhaeuser. For TIN and IP, the asset base was adjusted to include acquisitions made in Q3 2008. (2) For PCA, EBIT =
Gross profit-selling and administrative expenses. (3) For SSCC, EBIT as reported by segment; total assets reported for the company in 2007, 2008 and first six months 2009.For prior years,
total assets = segment assets + other assets of $3.3 billion.

Corrugated Packaging - Highest ROA in
Industry

14

North American Corrugated Packaging
Industry Fundamentals

•Consolidatingindustry

•Significant capacity rationalization and
downtime

•Improved discipline

15

Top 5 Producers= 42%

1998

2009

Top 5 Producers= 74%

North American Containerboard Market Share
1998 versus Today

16

(Million Short Tons)

Net capacity reductions of 5% from 1999 - 2006

Source: RISI

Corrugated Packaging
Industry Containerboard Capacity Changes and Operating Rate

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Corrugated Packaging Summary

•Track record of success

•Simple, effective strategy…execution = results

•Industry discipline

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•Portfolio of Products

–Lumber

–Gypsum

–Particleboard

–MDF

•Lowest quartile cost converting
operations

•Located near large, high-growth
markets

Financial Highlights

Business Highlights

($ in Millions)	2004	2005	2006	2007	2008
Revenue	$851	$898	$1,119	$806	$694
EBIT	$129	$125	$221	$8	($40)
Investment	$396	$361	$586	$562	$560
ROI	32.6%	34.6%	37.7%	1.4%	(7.1%)
EBITDA	$167	$160	$265	$53	$8

Building Products

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Building Products Strategic Initiatives

•Deliver tailored portfolio of building products

–Products for new home, repair and remodeling
and commercial markets

•Drive low cost

–Manufacturing excellence

•Serve preferred markets

–Favorable demographics

•Provide sales excellence

–Unequaled customer service

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Buna

Pineland

Diboll

Rome

DeQuincy

Lumber

Competitive

Position

Temple-Inland Sawmills

1st

Quartile

2nd

Quartile

3rd

Quartile

4th

Quartile

Source: Beck &
RISI Studies

Temple-Inland Sawmills

Sawmill Locations

Lumber

•Low cost, state of art manufacturing system

•Logistically advantaged to large growing markets

•Stable fiber supply at market prices

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Synthetic Gypsum Furnish

Gypsum

Competitive

Position

Cumberland

Fletcher

W.Memphis

McQueeney

1st

Quartile

2nd

Quartile

3rd

Quartile

4th

Quartile

Source:
Internal
Analysis

Gypsum

•Low-cost manufacturing system

•Synthetic gypsum furnish 65% vs. 30% for industry

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Panels

Competitive

Position

Monroeville

Hope

Diboll

Thomson

1st

Quartile

2nd

Quartile

3rd

Quartile

4th

Quartile

Source:
Beck Study

PB

MDF

El Dorado

Mt. Jewett

Industrial Panels - Particleboard & MDF

•Lowest cost system

•High-value engineered family of
products

•Targeted markets

–Kitchen cabinets

–Laminators

–MDF laminate flooring

23

Building Products EBITDA Trends

2006

2007

2008

2009

541

1,053

2,127

24

($ In Millions)

Temple-Inland S, G & A Total Cost * S, G & A/Total Cost	2006 321 3,797 8.4%	2007 309 3,699 8.4%	2008 241 3,774 6.4%	YTD 2009 143 1,721 8.3%
Wtd. Avg. SG&A Total Cost of Peers** TIN Rank	10.4% 1	10.2% 1	9.5% 1	10.7% 1

*Total cost = S, G & A + Cost of sales excluding alternative fuel mixture credit

**Peers include: International Paper, Smurfit-Stone, MeadWestvaco, Rock Tenn, Packaging Corp.

Comparative S, G & A Expenses

25

Total Debt

$1,027

Borrowings Under

Committed Credit

Facilities

$353

Term Debt

$674

($ In millions)

Second Quarter-End, 2009 Debt Structure

26

Existing term debt

1

($ in millions)

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

27

Accounts

ReceivableCommitted

SecuritizationCredit

FacilityAgreementsTotal

($ In Millions)

Second Quarter-End, 2009
Committed Credit Facilities

Committed$ 250$ 825$1,075

Less:

Borrowings(234)(119)(353)

Letters of credit-(33) (33)

Temp. adj. to borrowing base---

Unused borrowing capacity$16$ 673$689

Facility MaturitiesSep, 2010July, 2011 ($750MM revolver)

Covenants (as specifically defined):2Q-End, 2009

Debt/total capital53.7%70% Max

Interest coverage *6.6x3.0xMin

* Best 4 out of 5 trailing quarters. 2Q/2009 = 10.6x

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Financial Priorities

•Return cash to shareholders

–Dividend

•Reduce debt

•Invest in our business

–2009 cap ex 59% of depreciation

•Profitably grow

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Create Superior and Sustainable Value

•Maximize ROI

•Profitably grow our business