Myers Industries, Inc. · NYSE:MYE
Myers Industries — Investor Presentation (September 2014)
22 slides from Myers Industries's investor presentation, Sep 16, 2014
Slide 1: Myers Industries, Inc. Investor Presentation September 2014
Myers Industries, Inc. Investor Presentation September 2014 Exhibit 99.2
Slide 2: Forward-looking Statements
Forward-looking Statements Statements in this presentation concerning the Company’s goals, strategies, and expectations for business and financial results may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of and are based on current indicators and
Slide 3: Company at a Glance
Company at a Glance Material Handling Distribution Two core businesses and reporting segments: Material Handling • Polymer-based returnable packaging • Polymer-based storage and safety products • Specialty molding Distribution • Largest wholesale distributor of tools, supplies and equipment for the
Slide 4: Business Segments: Material Handling and Distribution
Business Segments Material Handling Distribution
Slide 5: Growth Drivers
Growth Drivers Net Sales Growth Profitability Free Cash Flow + • Select investments and acquisitions • Richer product mix • New markets and geographies + • Optimize capacity • Drive greater operating efficiency • Enhance product mix • Sales growth and profitability improvement • Capital discipline
Slide 6: Strategic and Financial Goals
Strategic Goals Strategic & Financial Goals Financial Goals • Focus on markets that have strong, sustainable growth and profit potential • Material Handling : • Liquid/Semi-liquid food products • Bulk packaging of dry, granular flowable products • Acquisitions • Distribution : • Auto dealer tire mar
Slide 7: Recent Announcements & Events
Recent Announcements & Events • Acquisition of Scepter • Commencement of the sale of the Lawn & Garden Segment • Two-phase restructuring complete • Engaged William Blair to assist with the sale process • Expect the sale to be completed by mid-2015 • Reported as discontinued operations • Sale of WEK
Slide 8: Growth Platforms
Growth Platforms Growth Platform 2012-2014 Acquisitions Returnable Packaging Storage & Safety Products Specialty Molding Tire Supply Distribution Tire Repair & Retread Products We will continuously upgrade Myers’ performance through: Disciplined Portfolio Management and Investment in Profitable Grow
Slide 9: Scepter Acquisition Overview
Scepter Acquisition Overview • Completed acquisition of Scepter Corporation (Canadian company) and Scepter Manufacturing, LLC (US company), a manufacturer of polymer products, July 2, 2014 • Grows Material Handling Segment with adjacent products and technologies, and expands end markets and geograph
Slide 10: Strong Combined Platform for Growth
Strong Combined Platform for Growth Myers Scepter New Myers Returnable packaging Storage and safety Specialty molding Industrial Marine Consumer Military North America Latin America
Slide 11: Progress Towards Financial Goals
Progress Towards Financial Goals Key Accomplishment Metrics Metric Goal (4) (4) Sales Growth (1) > 2.0x GDP 7.2% 7.2% Gross Profit Margin > 30% 29.0% 30.0% Adjusted EPS Growth* >20% CAGR 28.3% 89.0% Free Cash Flow = 100% of Net Income 205% 90% ROIC (2) > 10% 17% 15% Innovation / NPD (3) >10% of Sale
Slide 12: Solid Cash Flow Generation
Solid Cash Flow Generation Notes: 1) Free cash flow calculated as cash flow from continuing operations less capital expenditures. 2) Years 2012 and 2013 have been adjusted to reflect discontinued operations presentation. $(Millions) Free Cash Flow As Reported Continuing Operations Generating Free Ca
Slide 13: Strong & Flexible Balance Sheet
Strong & Flexible Balance Sheet Note: 1) Net Debt-to-Capital ratio calculated as net debt/(net debt+equity). 2) Net Debt at June 30, 2014 was $101.9M. Available liquidity at June 30, 2014 was $256.9M. 3) Data has not been adjusted to reflect discontinued operations. Net Debt-to-Capital Maintaining s
Slide 14: Balanced Approach to Capital Allocation
Balanced Approach to Capital Allocation Growth Through Acquisitions Return Capital to Shareholders Organic Growth • Core markets • Adjacencies • Dividends • Share repurchases • Debt reduction • Reinvest in business • New product development • Process improvements Investing for the future and returni
Slide 15: Returning Cash to Shareholders
Returning Cash to Shareholders • Increasing Dividends • Increased Q1 2014 quarterly dividend by 44% to $0.13 per share Quarterly Dividends Paid Notes re: quarterly dividends: 1) Above adjusted for stock dividends and splits in 2000, 2001, 2002 and 2004. 2) In 2007 there was an additional special div
Slide 16: Appendix
Appendix
Slide 17: Material Handling Macro Indicators
Material Handling Macro Indicators MHEM (Material Handling Equipment) Index Source: Material Handling Industry July 2014 Forecast MHI forecasts new orders of material handling equipment to increase 7.0% in 2014 and shipments are forecasted to increase 8.3% in 2014.
Slide 18: Distribution Macro Indicators
Distribution Macro Indicators Replacement Tire Shipments; Miles Driven; Fuel Prices Source: JP Morgan, RMA, Energy Information Administration, July 2014
Slide 19: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures
Slide 20: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures
Slide 21: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures
Slide 22: INDUSTRIES,
INDUSTRIES,
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