No, its a bit different.
If you want to see your engine-out climb profile after t/o at 110klbs, you start at 110 000 at the bottom and follow the solid line from zero, to the common part of the curve and then along the common part.
If you want to see your drift down profile from altitude, you start at the top and follow the solid line down to the common part. Then, as your plane gets lighter due to fuel burnoff, it will follow the common part of the curve and climb.
What you need to ensure is that your terrain and/or obstacles are always below the curve.