12/31/11

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Business Overview

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Disclaimer Any forward-looking statements in connection with this discussion are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company’s actual results in future periods to be materially different from management’s expectations. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove correct. Factors that could cause the Company’s results to differ from those discussed today are set forth in the Company’s Annual Report on Form 10-K and other periodic filings with the Securities and Exchange Commission (“SEC”).

Founded in 1850 – headquartered in Pittsburgh, PA

Two principal business lines: ◦ Memorialization products and services

Cemetery Products (formerly Bronze)

Funeral Home Products (formerly Casket)

Cremation

◦ Brand Solutions

Graphics Imaging Group

Marking Products

Merchandising Solutions

5,300 employees

20 countries

Listed on NASDAQ – MATW – July 1994

28.4 million shares outstanding

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44%56%

Memorialization Brand Solutions

FISCAL 2011 SALES

Memorialization: Cemetery Products 25% Funeral Home Products 26% Cremation 5% 56% Brand Solutions: Graphics Imaging 30% Marking Products 7% Merchandising Solutions 7% 44%

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Lasting Memories TM products illustrate photographs cast in a bronze memorial or urn.

Cremation gardens can be designed to include bronze and granite products.

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The Regal Rose Memorial is one of many styles of flush bronze memorials produced by Matthews

Building signs are an example of the segment’s architectural product offerings.

Wood Caskets are manufactured in York, PA

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The Funeral Home Products segment is a leading manufacturer and distributor of caskets in North America, producing a wide variety of wood , metal and cremation caskets.

The Power Pak II cremation system with automatic casket loader, one of the most popular cremation systems in North America.

Bio-cremation is a water-based (versus flame-based) cremation process.

The Master Touch cremation arrangement center assists funeral directors in educating the cremation consumer in the options available to them in services, merchandise and memorialization.

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◦ “Total Solutions” to funeral service providers

◦ Cremation

Memorialization

European market

Service

◦ Granite memorials

◦ Architectural products/signage

◦ Acquisitions

◦ Cost structure improvements

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26.2% 32.3%

39.8% 46.0%

58.9%

60.6%

62.3%

64.0% 65.0%

66.0%

1999

2001

2003

2005

2007

2009

2011

2013

2015

2017

2019

2021

2023

2025

2027

2029

2031

2033

2035

2037

2039

2041

2043

2045

2047

2049

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

Source: CANA

Total Deaths

50.0%

Cremation Rate

11

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Printing plates for the packaging industry are one of the Graphics Imaging segment’s principal product lines.

Graphics Imaging offers a wide range of services to the corrugated and flexible packaging industries, including creative graphic design.

Saueressig is a manufacturer of gravure printing and embossing tools used in the packaging, wallpaper and tobacco industries.

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Non-contact ink-jet printing units apply dot matrix coding on products.

The Marking Products segment designs and manufactures industrial quality printers for in-line marking. The ProPoint printer uses an etching process to mark items.

Marking Products manufactures industrial inks for offset, contact and ink-jet printing systems.

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Matthews continues to be one of the market leaders in automated conveyor controls.

The Merchandising Solutions segment provides value-added comprehensive merchandising solutions to consumer products marketers and retailers.

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◦ U.S. Graphics

Primary packaging

Gravure

◦ Skill extension

◦ Geographic expansion

◦ New product development

◦ Acquisitions

◦ Cost structure improvements

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FINANCIAL OVERVIEW

Internal Growth

◦ Expand market presence of existing products

◦ New product development

◦ Manufacturing/cost structure improvements

Acquisitions

Share Repurchases

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Organic Growth, 3.6%

Acquisitions, 4.7%

Share repurchases, 1.3%

Currency changes, 1.3%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

10.9%

Principal objective: Support the business plan and long-term growth objectives of the Company and specific operating segment. Financial criteria: Immediately accretive to Earnings per Share. Achieve long-term target of an annual pre-tax Return on Invested Capital of 20%. Performance of companies acquired within last 10 years:

Strong Performers

Acceptable Performers

Marginal Performers

FCC Cloverleaf Casket Distributors (cost structure initiatives)

Holjeron Freeman / Reynoldsville Doyle Group (reduced cost structure)

IPTI / Lightning Pick Gem United Memorial (granite business plan)

Munich InTouch

Saueressig Kenuohua

Kroma

Milso

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(a) Includes net unfavorable $0.31 per share impact of unusual items. (b) Includes net favorable $0.03 per share impact of an unusual income tax benefit. (c) Includes net favorable $0.02 per share impact of an unusual income tax benefit. (d) Includes net unfavorable $0.02 per share impact of an unusual charges.

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Fiscal year ended September 30, YTD December 31,

2009 2010 2011 2010 2011

Sales $780,908 $821,829 $898,821 $207,344 $217,213 % Change -4.6% 5.2% 9.4% 7.4% 4.8%

Operating Profit $101,011(a)

$116,581 $118,516 $21,966 $18,925

% Change -24.0% 15.4% 1.7% -0.9% -13.8%

Net Income $57,732(a)

$69,057(b)

$72,372(c)

$13,214 $11,285(d)

% Change -27.4% 19.6% 4.8% 1.7% -14.6%

EPS $1.90(a)

$2.31(b)

$2.46(c)

$0.45 $0.40(d)

% Change -25.5% 21.6% 6.5% 4.7% -14.6%

(Dollars in thousands, except per share data)

(Dollars in thousands)

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YTD December 31,

2009 2010 2011 2010 2011

Memorialization:

Cemetery Products $215,934 $224,247 $224,773 $50,513 $45,150

Funeral Home Products 203,247 210,279 238,753 61,657 58,571

Cremation 30,909 39,356 43,816 8,241 9,434

Total Memorialization $450,090 $473,882 $507,342 $120,411 $113,155

Brand Solutions:

Graphics Imaging $234,966 $239,957 $268,975 $60,027 $70,443

Marking Products 42,355 51,069 61,938 12,920 16,383

Merchandising Solutions 53,497 56,921 60,566 13,986 17,232

Total Brand Solutions $330,818 $347,947 $391,479 $86,933 $104,058

Total $780,908 $821,829 $898,821 $207,344 $217,213

(Dollars in thousands)

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YTD December 31,

2009 2010 2011 2010 2011

Memorialization:

Cemetery Products $57,598 $56,167 $52,474 $10,127 $4,535

Funeral Home Products 17,716 26,242 26,785 6,371 6,488

Cremation 5,036 4,910 5,733 529 757

Total Memorialization $80,350 $87,319 $84,992 $17,027 $11,780

Brand Solutions:

Graphics Imaging $19,217 $21,077 $22,427 $3,718 $4,981

Marking Products 1,500 5,817 7,819 1,025 1,368

Merchandising Solutions (56) 2,368 3,278 196 796

Total Brand Solutions $20,661 $29,262 $33,524 $4,939 $7,145

Total $101,011 $116,581 $118,516 $21,966 $18,925

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Fiscal year ended September 30,

2008 2009 2010 2011

Memorialization:

Cemetery Products 29.4% 26.7% 25.0% 23.3%

Funeral Home Products 10.6% 8.7% 12.5% 11.2%

Cremation 20.5% 16.3% 12.5% 13.1%

Total Memorialization 20.5% 17.9% 18.4% 16.8%

Brand Solutions:

Graphics Imaging 9.1% 8.2% 8.8% 8.3%

Marking Products 15.2% 3.5% 11.4% 12.6%

Merchandising Solutions 7.4% -0.1% 4.2% 5.4%

Total Brand Solutions 9.9% 6.2% 8.4% 8.6%

Total 16.2% 12.9% 14.2% 13.2%

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Fiscal 2011 (in thousands)

Net Income $72,372

Depreciation and Amortization 27,661

Stock-Based Compensation 6,972

107,005

Capital Expenditures (22,440)

Free Cash Flow $84,565

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0%

2%

4%

6%

8%

10%

12%

9/30/02 9/30/03 9/30/04 9/30/05 9/30/06 9/30/07 9/30/08 9/30/09 9/30/10 9/30/11

5.3%

5.9% 5.7%

4.4%

6.2%

5.0%

6.2%

6.9%

7.8%

9.7%

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$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

$1.16

$1.35

$1.68$1.79

$2.06 $2.04

$2.55

$1.90

$2.31

$2.46

10-year average annual increase in EPS – 10.9%.

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$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

$1.22

$1.56

$1.92

$1.63

$2.24$2.15

$3.12

$2.45

$2.73$2.88

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$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

$1.74$1.81

$2.53

$2.17$2.05

$2.35

$3.36

$3.00

$3.58

$3.25

30

$0

$10

$20

$30

$40

$50

$60

9/30/02 9/30/03 9/30/04 9/30/05 9/30/06 9/30/07 9/30/08 9/30/09 9/30/10 9/30/11

$23.37$26.42

$33.88

$37.80 $36.79

$43.80

$50.74

$35.38 $35.36

$30.73

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0%

5%

10%

15%

20%

25%

2007 2008 2009 2010 2011

15.8%

18.3%

13.2%

14.8% 15.0%

Increased quarterly dividend 12.5% to 9.0 cents (October 2011) ◦ 17th consecutive annual dividend increase since the IPO

Reported record sales of $899 million in fiscal 2011

Sales of $339 million (38% of total) generated outside the U.S. in fiscal 2011

Analyst coverage: ◦ CJS Securities (D. Moore)

◦ Davenport & Company (C. Fendley)

◦ Great Lakes Review (E. Schlang/G. Halter)

◦ Janney Montgomery Scott (L. Burke)

◦ Sidoti & Company (J. Clement)

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Shares

9/30/2011

Neuberger Berman LLC 2,053,393

Artisan Partners LP 1,981,442

BlackRock Fund Advisors 1,790,284

Vanguard Group, Inc. 1,589,497

Fidelity Management & Research Co. 1,546,701

Wellington Management Co. LLP 1,200,008

State Street Global Advisors 936,181

T. Rowe Price Associates, Inc. 922,760

Robecco Investment Management 819,364

Lazard Asset Management 577,853

Top Ten Institutions 13,417,483 47.2% of outstanding shares

145 Institutions 8,927,554

Total Institutional Ownership 22,345,037 78.7% of outstanding shares

52-Week

High – Low

(12/31/11)

Stock Price

P/E

Carriage Services (CSV) $ 6.57 - $ 4.62 $ 5.60 12

Service Corp. (SCI) $ 12.12 - $ 8.00 $ 10.65 19

Stewart Enterprises (STEI) $ 8.39 - $ 5.11 $ 5.76 14

StoneMor Partners LP (STON) $33.51 - $20.55 $ 23.45 N/A

Hillenbrand (HI) $24.20 - $16.33 $ 22.32 13

Schawk, Inc. (SGK) $20.96 - $ 8.88 $ 11.21 15

Matthews (MATW) $41.08 - $28.57 $ 31.43 13

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Long-term track record of EPS growth

Strong financial position and consistent free cash flow

◦ Ability to support growth strategies, share repurchases and debt reduction

Successful acquisition program

◦ Additional opportunities exist

Strong management team

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