Myers Industries, Inc. · NYSE:MYE
Myers Industries — Q2 2012 Earnings Presentation
14 slides from Myers Industries's earnings presentation, Jul 19, 2012
Slide 1: Second Quarter 2012 Earnings Presentation
July 19, 2012 Earnings Presentation Second Quarter 2012 Myers Industries, Inc. Second Quarter 2012 Exhibit 99.2
Slide 2: 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 1995 and are based on current indicators and expectations. Wheneve
Slide 3: Novel is a market leader in beverage and agricultural material handling
Novel is a market leader in beverage and agricultural material handling Designer and manufacturer of returnable plastic crates and totes for the transport of beverages and agricultural products; Founded in 1975 Manufacturer, importer and reseller of traffic control and safety equipment #1 position i
Slide 4: Second quarter highlights
*See reconciliation of Non-GAAP measures on slide 12. Sales increased 2.2% to $181.1M Strong sales in Engineered Products – 38.5% year-over-year increase Lawn & Garden sales increased 1.6% Material Handling sales down as anticipated Distribution sales declined 4.1% Gross margin expanded from 25.1% t
Slide 5: Highlights
P&L Q2 Q2 Highlights B/(W) Net sales $181.1 $177.3 2.2% Gross margin 26.2% 25.1% 4.4% SG&A $37.4 $35.8 -4.5% Net income - adjusted* $5.7 $5.0 14.0% Effective tax rate 36.7% 38.1% EPS - adjusted* $0.17 $0.14 21.4% *See Reconciliation of Non-GAAP measures on slide 12 Balance Sheet June 30, December 31
Slide 6: Q2 Results: Material Handling
Q2 Results Softer sales compared to last year due to a delay in the timing of orders Operations Excellence initiatives and lower manufacturing costs drove margin expansion $67.0 $60.3 $55 $60 $65 $70 Q2 2011 Q2 2012 Net Sales $8.4 $9.2 $6 $9 $12 Q2 2011 Q2 2012 EBIT - Adjusted
Slide 7: Q2 Results: Lawn & Garden
Q2 Results Sales lower than anticipated in Q2 as customers continued to deplete inventory levels and limited production $41.8 $42.5 $40 $45 Q2 2011 Q2 2012 Net Sales $(1.6) $(1.5) -$3 $0 Q2 2011 Q2 2012 EBIT - Adjusted Increased freight costs offset a portion of the income that was generated by high
Slide 8: Q2 Results: Distribution
Q2 Results Decline in miles driven and replacement tire sales resulted in sales decrease $46.1 $44.2 $40 $45 $50 Q2 2011 Q2 2012 Net Sales $4.5 $4.1 $3 $6 Q2 2011 Q2 2012 EBIT - Adjusted High freight costs further impacted operating results
Slide 9: Q2 Results: Engineered Products
Q2 Results Sales strong in transplant auto (due mostly to year- over-year rebound), recreational vehicle, marine and custom markets Higher sales as well as lower costs generated by operations excellence initiatives drove the increase in pre-tax income $27.9 $38.6 $0 $5 $10 $15 $20 $25 $30 $35 $40 $4
Slide 10: Outlook
Results in the Material Handling Segment should benefit from the shift in demand from the second quarter to late in the second half in higher margin agricultural and food processing markets. Anticipate stronger order activity in the Lawn & Garden Segment in the second half as inventories are repleni
Slide 11: Appendix
Appendix MYERS INDUSTRIES, Inc.
Slide 12: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures MYERS INDUSTRIES, INC, RECONCILIATION OF NON-GAAP FINANCIAL MEASURES INCOME (LOSS) BEFORE TAXES BY SEGMENT (UNAUDITED) (Dollars in milions) Quarter Ended Six Months Ended June 30, June 30, 222017 Ze __ 2017 Material Handling income before taxes as reported $92 $ 8
Slide 13: Market indicators by segment
Source: Material Handling Industry of America, April 2012 Material Handling MHEM Index Lawn & Garden Housing Starts Consumer Sentiment Sources: National Association of Home Builders (NAHB); June 2012 Thomson/University of Michigan; June 2012 Preliminary Distribution Miles Driven Replacement Tire Shi
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