Ccl Industries Inc. Class A · TSX:CCL.A
Ccl Industries Inc. Class A — Q1 2012 Earnings Presentation
16 slides from Ccl Industries Inc. Class A's earnings presentation, May 3, 2012
Slide 1: Investor Update: 1st Quarter 2012 Review
CCL Industries Inc. Investor Update 1st Quarter 2012 Review May 3, 2012 1
Slide 2: Disclaimer
Disclaimer Disclaimer This presentation contains forward-looking information and forward-looking statements, as defined under applicable securities laws (hereinafter collectively referred to as “forward-looking statements”), that involve a number of risks and uncertainties. Forward-looking statement
Slide 3: Statement of Earnings
Statement of Earnings First Quarter Ended March 31st (Millions of Cdn$) Excluding Currency 2012 2011 Change Translation Sales $ 341.4 $ 315.6 +8% +9% Operating income * 52.6 48.7 +8% +9% Corporate expense 6.5 6.3 +3% 46.1 42.4 Finance expense, net 5.2 5.7 (9%) 40.9 36.7 Restructuring & other items -
Slide 4: Earnings per Class B Share
Earnings per Class B Share First Quarter Ended March 31st Per Class B Share 2012 2011 Change Net earnings - basic $ 0.91 $ 0.81 +12% Diluted earnings $ 0.89 $ 0.80 +11% Restructuring & other items - loss $ - $ (0.01) Adjusted basic earnings * $ 0.91 $ 0.82 +11% Adjusted Basic Earnings variance (afte
Slide 5: Cash Flow Highlights
Cash Flow Highlights Periods Ended March 31st (Millions of Cdn$) Free Cash Flow Statement of Cash Flows Three Months Ended March 31st 2012 2011 Net earnings $ 30.4 $ 26.8 Adjustments for: Depreciation & amortization 25.1 24.0 Net finance cost 5.2 5.7 Current income tax expense 14.4 9.4 Chg. in non-c
Slide 6: Cash & Debt Summary
Cash & Debt Summary As At March 31st (Millions of Cdn$) Increase 2012 2011 (Decrease) Long-term debt - senior notes (2011 - US$ 328.4 MM, 2010 - US$ 337.7 MM) $ 327.5 $ 327.4 $ 0.1 Debt - all other 18.8 26.0 (7.2) Total debt 346.3 353.4 (7.1) Less: Cash and cash equivalents (141.9) (92.1) (49.8) Net
Slide 7: Capital Spending Highlights
Capital Spending Highlights First Quarter Ended March 31st, 2012 (Millions of Cdn$) Capital (1) Divisions Spending Depreciation Difference Label $ 22.3 $ 18.1 $ 4.2 Container 0.7 3.5 $ (2.8) Tube 0.3 1.9 $ (1.6) Corporate - 0.1 $ (0.1) Disposals (0.6) - $ (0.6) $ 22.7 $ 23.6 $ (0.9) (1) excludes amo
Slide 8: Label
Label First Quarter Ended March 31st (Millions of Cdn$) Excluding Currency 2011 2010 Change Translation Sales $ 273.9 $ 247.7 +11% +11% Operating income* $ 46.2 $ 41.9 +10% +11% Return on sales 16.9% 16.9% EBITDA* $ 65.7 $ 60.6 +8% +9% % of Sales 24.0% 24.5% The following commentary is based on cons
Slide 9: Label
Label Fourth Quarter Ended December 31st 2011 (Millions of Cdn$) North America (38% of sales) • Very robust growth rate in Healthcare resulted in significant profit gains; but compared to a soft prior year period. Specialty business was solid. • Home & Personal Care (HPC) posted strong sales gains w
Slide 10: Label
Label Fourth Quarter Ended December 31st 2011 (Millions of Cdn$) Europe (41% of sales) (inc Eastern Europe) • Flat sales in HPC but with significant profit improvement following French restructuring • Flat sales at Healthcare & Specialty; profitability impacted by soft results in Scandinavia • Modes
Slide 11: Label
Label Fourth Quarter Ended December 31st 2011 (Millions of Cdn$) Emerging Markets (21%) (Asia, Latin America, Australia & South Africa) • High single digit sales growth in Latin America; profits impacted negatively by currency declines and cost inflation. • Strong double digit sales and profit growt
Slide 12: Label Joint Ventures
Label Joint Ventures First Quarter Ended March 31st (Millions of Cdn$) Three Months Results at 100% 2012 2011 Sales $ 13.5 $ 4.9 Net Income $ 1.7 $ (0.1) EBITDA $ 2.1 $ 0.1 % of Sales 15.6% 2.0% CCL Equity Share* $0.8 $ - *share of earnings consolidated using equity accounting principles • Progress
Slide 13: Container
Container First Quarter Ended March 31st (Millions of Cdn$) Excluding Currency 2012 2011 Change Translation Sales $ 46.1 $ 47.7 (3%) (3%) Operating income* $ 2.4 $ 3.7 (35%) (35%) Return on sales 5.2% 7.8% EBITDA* $ 5.9 $ 7.1 (17%) (17%) % of Sales 12.8% 14.9% The following commentary is based on co
Slide 14: Tube
Tube First Quarter Ended March 31st (Millions of Cdn$) Excluding Currency 2012 2011 Change Translation Sales $ 21.4 $ 20.2 +6% +4% Operating income* $ 4.0 $ 3.1 +29% +27% Return on sales 18.7% 15.3% EBITDA* $ 5.9 $ 4.9 +20% +20% % of Sales 27.6% 24.3% The following commentary is based on constant Ca
Slide 15: Operating Income*
Operating Income* First Quarter Ended March 31st (Millions of Cdn$) Excluding Currency 2012 2011 Change Translation Label $ 46.2 $ 41.9 +10% +11% Container 2.4 3.7 (35%) (35%) Tube 4.0 3.1 +29% +27% Operating income* 52.6 48.7 +8% +9% Sales $ 341.4 $ 315.6 +8% +9% Return on sales 15% 15% EBITDA* $ 7
Slide 16: Summary & Outlook
Summary & Outlook • Outlook across our business in North America looks very solid and improved. • European flat to low growth scenario is not expected to change and has potential to weaken. • FX and cost inflation challenges in Latin America likely to continue; some signs of lower growth rates at As