Miscor Fact Sheet - Q1

Investor Fact Sheet www.miscor.com OTC BB: MIGL COMPANY PROFILE MISCOR Group provides electrical and mechanical solutions to a nationwide, Blue Chip customer base through two segments: ■

■

Repair, Remanufacturing and Manufacturing (RRM)— 68% of FY07 revenue—provides maintenance and repair services for industrial motors, generators and lifting magnets, as well as diesel engine component manufacturing, remanufacturing and repair. Construction and Engineering Services (CES)—32% of FY07 revenue—provides a wide range of electrical contracting as well as engineering and repair services for electrical power distribution systems.

Ranked on the Inc. 500 in 2004 and 2005, MISCOR has more than 600 employees in 14 locations nationwide.

FIRST QUARTER 2008 RESULTS (ended March 31, 2008) ■ ■ ■

■ ■ ■ ■

Net sales increased 83% to $29.7M, compared with $16.1M in 1Q07 Net income of $457,000, or $0.04 per share, versus a net loss of $2.6M, or $0.38 per share in 1Q07 Total segment revenues increased by $13.5M ■ RRM revenue increased 74% to $9.0M ■ CES revenue increased 112% to $4.5M Gross profit increased 62% to $4.7M compared to $2.9M in 1Q07 Operating income increased 323% to $745,000, compared to $176,000 in 1Q07 Service revenues increased 115% to $23.5M Product revenues increased 19% to $6.2M

RECENT NEWS April 2, 2008 – MISCOR Group Names Edward Matheny Vice SERVING DIVERSE END MARKETS President of Sales and Marketing for RRM Division - Matheny, who recently served as Global Sales Leader for GE Energy–Industrial Services, Rail brings more than 18 years of integrated sales and marketing experience. Petrochemical

Jan. 17, 2008 – MISCOR Group Acquires American Motive Power (AMP) - MISCOR acquired Dansville, NY-based AMP, a provider of a wide range of services to the railroad industry. The acquisition expands MISCOR’s locomotive expertise.

Construction

Transit

MISCOR

Utility

Marine Steel Dec. 3, 2007 – MISCOR Group Makes Largest-Ever Acquisition; Energy Raises $20M in Private Placement - MISCOR acquired 3-D Service Ltd., a provider of industrial services that will become part of MISCOR’s subsidiary Magnetech Industrial Services. 3-D specializes in the repair and service of commercial and industrial equipment, including a unique GROWTH DRIVERS expertise in wind power generation. MISCOR also announced it closed a ■ Established, nationwide blue-chip customer base (U.S. Steel, $20M equity investment by institutional investor Tontine Capital Partners. Union Pacific, CSX, Marathon, ALSTOM, etc.) ■ Highly trained workforce: niche expertise and limited skilled Oct. 22, 2007 – MISCOR Group Acquires Ideal Consolidated- MISCOR industrial talent pool play in MISCOR’s favor acquired Ideal Consolidated, Inc., a provider of mechanical contracting services, including HVAC, plumbing and industrial piping. The acquisition ■ Industry tailwinds: The aging “industrial backbone” needs maintenance; repairs are a fraction of replacement costs provides an entry into the HVAC, plumbing and other mechanical areas, ■ Highly fragmented industries with growth opportunities enabling MISCOR to expand its construction and engineering services. ■ Diversified end-market exposure ■ Balance of organic and inorganic revenue growth

NET SALES ($ in Million)

FAVORABLE INDUSTRY TAILWINDS $29.7

$32.0 $28.0

$22.6

$24.0 $20.0 $16.0

■

$13.3

$14.5

$15.5

$17.4

$16.1

$16.8

$17.7

■

$12.0 $8.0

■

$4.0 $0.0 1Q06

2Q06

3Q06

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

Outsourcing of non-core industrial services: Companies are increasing their use of outside contractors to control internal labor and insurance costs, while eliminating the need for maintaining expensive, under-utilized equipment. Utilization of skilled employees will never be at 100%: The high costs of training and maintaining a satisfactory safety record and complying with rapidly changing regulations are causing industrial companies to seek outsourcing providers. Breadth of Geographic Coverage Remains Critical: Industrial companies prefer to simplify vendor management by 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 MISCOR Group P: 574-234-8131 E: [email protected]

Jeff Lambert, Patrick Kane Lambert, Edwards & Associates P: 616-233-0500 E: [email protected]

OTC BB: MIGL Improved Financial Position Total Debt ( MM)

Total Equity (MM)

Debt to Equity 1Q07

Debt to Equity 1Q08

$28.5

$13.6

$14.5

$44.4

Debt to Equity Ratio: 0.9:1

Debt to Equity Ratio: 0.6:1

Revenue Breakdown by Operating Segment FY06

FY05

CES, 25%

FY07

ECS, 29%

CES, 32%

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), a provider of specialized contracting services ■ 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, France-based 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

RRM, 68%