Investor Fact Sheet

www.miscor.com
OTC BB: MIGL
COMPANY PROFILE THIRD QUARTER 2008 RESULTS
MISCOR Group provides electrical and mechanical solutions to a (ended September 30, 2008)
nationwide, blue chip customer base through two segments:
■ Repair, Remanufacturing and Manufacturing (RRM) – 68% ■ Net sales up 78% to $31.5M, compared with $17.7M in 3Q07
of FY07 revenue—provides maintenance remanufacturing and repair ■ Net income of $471,000, or $0.04 per share, versus $64,000,
services for industrial motors, generators and lifting magnets, or $0.01 per share in 3Q07
locomotives and locomotive engines, as well as diesel engine ■ Total revenues increased by $13.8M
component manufacturing, remanufacturing and repair. ■ RRM revenue increased 59% to $21.7M
■ Construction and Engineering Services (CES) – 32% of FY07 ■ CES revenue increased 140% to $9.7M
revenue—provides a wide range of electrical and mechanical ■ Operating income increased 112% to $679,000, compared to
contracting, as well as engineering and repair services for electrical $321,000 in 3Q07
power distribution systems. ■ Service revenues increased 118% to $25.3M
Ranked on the Inc. 500 in 2004 and 2005, MISCOR has more than 700 ■ Product revenues increased 1% to $6.1M
employees in 15 locations nationwide.
RECENT NEWS SERVING DIVERSE END MARKETS
September 24, 2008 – MISCOR Group Acquires California-Based
Visalia Electric Motor Shop – MISCOR announced it has acquired the
Rail
business and assets of Calif.-based Visalia Electric Motor Shop Inc., a
leading repair, maintenance and overhaul provider for mission-critical Petrochemical Transit
motors and generators. Visalia serves an extensive roster of industry-
leading customers in 14 Western states.

September 11, 2008 – MISCOR Group Announces Opening of AMP Construction MISCOR Utility
Rail Services Canada – MISCOR announced the opening of AMP Rail
Service Canada, ULC, a 50,000-square-foot, single-source, locomotive and
rail car service center in Montreal. The facility provides significant track
access to the Canadian National (CN) main line, and will allow AMP to Marine Steel

offer a full range of services, including inspections, running repairs,

Energy
overhaul and modification programs, as well as upgrades to both freight and
passenger locomotives and transit cars. The centralized location gives it
broad access to the Canadian rail market, and the surrounding area provides
GROWTH DRIVERS
significant space for potential future expansion.
■ Established, nationwide blue-chip customer base (U.S. Steel,
Union Pacific, CSX, Marathon, ALSTOM, etc.)
September 3, 2008 – MISCOR Group Names Mike White Product
■ Highly trained workforce: niche expertise and limited skilled
Line Manager – Wind Power Services for Magnetech Industrial
industrial talent pool play in MISCOR’s favor
Services – MISCOR announced it has named Mike White as Product Line
■ The aging “industrial backbone” needs maintenance; repairs are a
Manger - Wind Power Services for Magnetech Industrial Services, a unit of
fraction of replacement costs
MISCOR’s industry-leading Repair, Remanufacturing and Manufacturing
■ Highly fragmented industries with growth opportunities
Division (RRM).
■ Balance of organic and inorganic revenue growth
NET SALES ($ in Million) FAVORABLE INDUSTRY TAILWINDS
■ Outsourcing of non-core industrial services:
$36.0 $30.5 $31.5 Companies are increasing their use of outside contractors to
$29.7
$32.0
control internal labor and insurance costs, while eliminating the
$28.0 $22.6 need for maintaining expensive, under-utilized equipment.
$24.0
$17.4 $16.1 $16.8 $17.7 ■ Utilization of skilled employees will never be at 100%:
$20.0 $15.5
$16.0 The high costs of training and maintaining a satisfactory safety
$12.0 record and complying with rapidly changing regulations are
$8.0 causing industrial companies to seek outsourcing providers.
$4.0 ■ Breadth of geographic coverage remains critical:
$0.0 Industrial companies prefer to simplify vendor management by
3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 working with larger providers with broad geographic coverage.

The information featured on this fact sheet is not an offer to buy or sell securities. This fact sheet was prepared by Lambert, Edwards & Associates, Inc. (LE&A), which serves as investor relations counsel to
MISCOR Group Ltd., ("the Company") and has a contract to receive fees. Information or opinions contained in this fact sheet are presented solely for information purposes and should not be construed as
investment advice. Information used and statements of fact have been obtained from the company featured and other sources that are believed to be reliable; however, LE&A does not warrant or guarantee the
information contained herein. For more information, or specific questions, please contact Jeff Lambert of Lambert, Edwards & Associates, Inc. at 616.233.0500.
 COMPANY CONTACT INVESTOR RELATIONS CONTACT
Richard Mullin, Chief Financial Officer Karen Keller, Patrick Kane
MISCOR Group Lambert, Edwards & Associates
P: 574-234-8131 P: 616-233-0500
E: rmullin@miscor.com E: kkeller@lambert-edwards.com
OTC BB: MIGL E: pkane@lambert-edwards.com

Improved Financial Position

Total Debt ( MM) Total Equity (MM)

Debt to Equity 3Q07 Debt to Equity 3Q08

$32.8
$14.9

$15.2
$45.6

Debt to Equity Ratio: 1.02:1 Debt to Equity Ratio: .72:1

Revenue Breakdown by Operating Segment
FY05 FY06 FY07

CES, 25%
ECS, 29%
CES, 32%

RRM, 68%
RRM, 71%
RRM, 75%

MISCOR SENIOR MANAGEMENT

John A. Martell, P.E.— President and CEO
■ Founded Magnetech Industrial Services, now MISCOR Group Ltd., in 2000
■ More than 20 years experience in the electrical contracting and industrial services industry
■ One of the founding shareholders of Trans Tech Electric Inc., a specialty electrical contractor located in South Bend, Ind.
In 1998, TransTech became one of the founding members of Quanta Services, Inc. (NYSE: PWR)
■ Holds a degree in Electrical Engineering and a Certificate in Executive Management from the University of Notre Dame
Richard Mullin, CPA—Vice President, Chief Financial Officer
■ Joined MISCOR in February 2005
■ Over 20 years of experience in senior finance positions ranging from public accounting (at KPMG) to roles with suppliers and OEMs
■ Served as president and chief financial officer of NASDAQ-listed Starcraft Corporation, a specialty automotive supplier
■ Joined Wells Electronics Inc., an electronics components manufacturer, as vice president of finance; promoted to president
■ Holds a degree in Finance and Economics and an MBA from the University of Notre Dame
Richard Tamborski—Executive Vice President, Chief Operating Officer
■ Former VP of Operations for Alstrom Transports Train Life Services in the U.S.A. and Canada, a division of Paris, Alstrom
■ Former VP of Global Sourcing and Logistics for NYSE-listed Wabtec, Corp.
■ Holds a degree in Business Administration from Lake Erie College
James M. Lewis—Vice President, General Counsel
■ Joined MISCOR in September 2005
■ Over 13 years of experience in a corporate law setting, with a focus in contract, litigation and product liability law
■ Former adjunct professor of law at the University of Notre Dame
■ Holds BA and JD degrees from the University of Notre Dame, and MA degree from Northwestern University