Chromcraft Revington — Shareholder Meeting (May 2012)
43 slides from Chromcraft Revington's shareholder meeting presentation, May 24, 2012
Slide 1: Annual Meeting of the Shareholders of Chromcraft Revington, Inc
Annual Meeting of the Shareholders of Chromcraft Revington, Inc Atlanta, Georgia May 24, 2012
Slide 2: Information Provided at 2012 Annual Meeting of Stockholders
INFORMATION PROVIDED AT 2012 ANNUAL MEETING OF STOCKHOLDERS The information provided at this annual meeting is confidential and is intended only for the stockholders of Chromcraft Revington, Inc. and our authorized guests. All persons present at this meeting may not disclose any of this information
Slide 3: Risks and uncertainties in forward-looking statements
Among such risks and uncertainties that could cause actual results or outcomes to differ materially from those identified in the forward-looking statements are the impact of the current economic difficulties in the United States g p and elsewhere; import and domestic competition in the furniture ind
Slide 4: Economic Pearl Harbor quote, Warren Buffett
“...this is an economic Pearl Harbor we are going through.” Warren Buffett, September 2008
Slide 5: Housing Starts
Housing Starts Units in Thousands All Housing Units (Private) Note: Seasonally Adjusted Annual Rate (SAAR)
Slide 6: From 2008 through today: Household formation declines
From 2008 through today Household formation declines
Slide 7: Consumer confidence impacted
From 2008 through today Household formation declines Consumer confidence impacted
Slide 8: Retail dealers are hard hit
From 2008 through today Household formation declines Consumer confidence impacted Retail dealers are hard hit
Slide 9: Import competition heats up
From 2008 through today Household formation declines Consumer confidence impacted Retail dealers are hard hit Import competition heats up
Slide 10: The company restructures
From 2008 through today Household formation declines Consumer confidence impacted Retail dealers are hard hit Import competition heats up The company restructures
Slide 11: The company responds
From 2008 through today Household formation declines Consumer confidence impacted Retail dealers are hard hit Import competition heats up The company restructures The company responds....
Slide 12: Give the Customer Choices
Give the Customer Choices
Slide 13: Swivel and Tilt
Swivel and Tilt
Slide 14: Design and Dine
Design and Dine
Slide 15: Chromcraft Commercial
Chromcraft Commercial
Slide 16: Airport Waiting Area Seating
Airport Waiting Area Seating
Slide 17: Waiting Area Seating
Waiting Area Seating
Slide 18: Executive Office Concepts Lounge Seating
Executive Office Concepts Lounge Seating
Slide 19: Our Legacy Residential Brands
Our Legacy Residential Brands
Slide 20: Home Entertainment from Peters-Revington; Solid Mahogany from Cochrane
HOME ENTERTAINMENT from PETERS-REVINGTON UPTOWN - DOWNTOWN SOLID MAHOGANY from COCHRANE
Slide 21: The Changes are Working
The Changes are Working
Slide 22: Gross Margin Improvement
Gross Margin Improvement
Slide 23: SG&A Continuous Improvement
$30,000 $25,000 $20,000 $15,000 $10,000 $5,000 SG&A CONTINUOUS IMPROVEMENT 27%of Sales 27%of Sales 28%60f Sales - 25%of Sales YE 2008, YE 2009 ye 2010 ye2011
Slide 24: Inventory Management: GMROII Improved
Inventory Management: GMROII Improved $25,000 + fects ell Constiss7duudutoncanee, S@TVCe Improved, In Stock Position Improved Sandee ovsan oe eerie ces s20000 | =) Lao saves Grae? ttometatraot st “tia ne 15000 | Aaicndsouvent Nesom $10,000 $5000 so ve 2008 ‘E2009 ye 2010 ye2011
Slide 25: Home Entertainment from Peters-Revington; Solid Mahogany from Cochrane
HOME ENTERTAINMENT from PETERS-REVINGTON UPTOWN - DOWNTOWN SOLID MAHOGANY from COCHRANE
Slide 26: Working Capital Management
70 60 50 40 30 20 10 12009, 82009 Working Capital Management 12010 82010 12011 42011 050 =0P0
Slide 27: Improving operating profits is the company focus
so $8,000, $10,000, $15,000, $20,000 - $25,000 $30,000 Improving operatin; 2008 rofits is the company focus or
Slide 28: Q4 2011 Results: Sales up 19% over Q3 2011
Q4 2011 Results Sales up 19% over Q3 2011
Slide 29: Q4 2011 Results: Sales up 8% over Q4 2010
Q4 2011 Results Sales up 19% over Q3 2011 Sales up 8% over Q4 2010
Slide 30: Q4 2011 Results: Losses lower by 76% from Q3
Q4 2011 Results Sales up 19% over Q3 2011 Sales up 8% over Q4 2010 Losses lower by 76% from Q3 2011
Slide 31: Q4 2011 Results: Losses lower by 90% from Q4 2010
Q4 2011 Results Sales up 19% over Q3 2011 Sales up 8% over Q4 2010 Losses lower by 76% from Q3 2011 Losses lower by 90% from Q4 2010
Slide 32: Q1 2012 Results: Sales up 11%
Q1 2012 Results Q1 2012 sales up 11% over prior year
Slide 33: Q1 2012 Results: Losses reduced 59%
Q1 2012 Results Q1 2012 sales up 11% over prior year Q1 2012 losses reduced 59% from prior year
Slide 34: Q1 2012 Results: Acquired EOC
Q1 2012 Results Q1 2012 sales up 11% over prior year Q1 2012 losses reduced 59% from prior year Acquired EOC
Slide 35: Q1 2012 Results: No outstanding debt
Q1 2012 Results Q1 2012 sales up 11% over prior year Q1 2012 losses reduced 59% from prior year Acquired EOC No outstanding debt at Q1 2012
Slide 36: The Focus: Keep the balance sheet strong
The Focus Keep the balance sheet strong
Slide 37: Stay focused on working capital
The Focus Keep the balance sheet strong Stay focused on working capital
Slide 38: Open New Sales Territories
The Focus Keep the balance sheet strong Stay focused on working capital Open New Sales Territories
Slide 39: Introduce New Legacy Brand Products
The Focus Keep the balance sheet strong Stay focused on working capital Open New Sales Territories Introduce New Legacy Brand Products
Slide 40: Give the Customer Value Choices
The Focus Keep the balance sheet strong Stay focused on working capital Open New Sales Territories Introduce New Legacy Brand Products Give the Customer Value Choices
Slide 41: Expand the Commercial Contract opportunities
The Focus Keep the balance sheet strong Stay focused on working capital Open New Sales Territories Introduce New Legacy Brand Products Give the Customer Value Choices Expand the Commercial Contract opportunities
Slide 42: Integrate Chromcraft and EOC Product Lines and Marketing Synergies
The Focus Keep the balance sheet strong Stay focused on working capital Open New Sales Territories Introduce New Legacy Brand Products Give the Customer Value Choices Expand the Commercial Contract opportunities Integrate Chromcraft and EOC Product Lines and Marketing Synergies
Slide 43: Chromcraft Revington, Inc.
Chromcraft Revington, Inc. Peters-Revington curomésair Cochrane (@EsRPRKen™ =Kids & Beyond Living 2c. WOME COLKCTION
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