Slide 1: Safe Harbor Statement
Safe Harbor Statement Certain statements contained in this document are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements, and financial or other business targets,
Slide 2: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures This presentation contains certain non-GAAP financial measures as defined by SEC rules. We report our financial results in conformity with accounting principles generally accepted in the United States of America, or GAAP, and also communicate with investors using c
Slide 3: Second Quarter Review
Second Quarter Review Reported EPS of $1.07; Adj. EPS (non-GAAP) of $1.66, up 27% driven primarily by strong operating results and currency translation Reported sales increased 14%; sales change ex. currency (non-GAAP) of 10% Organic sales change (non-GAAP) of 7.5%, beating our expectations followin
Slide 4: Sales Trend Analysis
Sales Trend Analysis * Totals may not sum due to rounding. 2Q17 3Q17 4Q17 1Q18 2Q18 Reported Sales Change 5.5% 11.3% 11.9% 13.0% 14.0% Organic Sales Change 2.9% 5.3% 4.7% 3.4% 7.5% Acquisitions 3.7% 4.7% 4.4% 3.3% 2.5% Sales Change Ex. Currency* 6.7% 10.0% 9.1% 6.8% 10.0% Currency Translation (1.1)%
Slide 5: Second Quarter Sales and Margin Analysis
Second Quarter Sales and Margin Analysis 2Q18 Reported Ex. Currency Organic Sales Change: Label and Graphic Materials 11.9% 7.3% 7.3% Retail Branding and Information Solutions 11.1% 9.5% 9.5% Industrial and Healthcare Materials 40.0% 35.3% 3.1% Total Company 14.0% 10.0% 7.5% Reported Adjusted (Non-G
Slide 6: Second Quarter Segment Overview
LABEL AND GRAPHIC MATERIALS Reported sales of $1.26 bil., up 11.9% Sales up 7.3% on organic basis Both Label and Packaging Materials and combined Graphics and Reflective Solutions up high-single digits on organic basis Reported operating margin decreased 430 basis points to 9.2% reflecting the impac
Slide 7: Second Quarter Segment Overview (cont.)
INDUSTRIAL AND HEALTHCARE MATERIALS Reported sales of $180 mil., up 40.0% Sales up 35.3% ex. currency; up 3.1% on organic basis Industrial categories up ~50% ex-currency; up mid-single digits on organic basis Healthcare categories up low-single digits on organic basis Reported operating margin incre
Slide 8: 2018 EPS Guidance
Add Back: Est. restructuring costs, pension settlement charges, and other items $1.25 – $1.45 Adjusted EPS (non-GAAP) Reported EPS $4.50 – $4.85 $5.95 – $6.10 Reported sales growth of ~8.5% (previously ~9.5%), including 2 pts. from currency translation (previously 4 pts.) Sales change ex. currency o
Slide 9: 2018 EPS Guidance
2018 EPS Guidance Previous Updated Reported EPS $4.90 - $5.10 $4.50 - $4.85 ‘Add Back: Est. restructuring costs, pension settlement charges, and other items ~$0.95 $1.25 - $1.45 Adjusted EPS (non-GAAP) $5.85 - $6.05 $5.95 - $6.10 Contributing Factors to 2018 Results ‘© Reported sales growth of ~8.5%
Slide 10: Avery Dennison
A AVERY DENNISON