O-i Glass, Inc. · NYSE:OI
O-i Glass — Owens Illinois — Conference Presentation (September 2018)
12 slides from O-i Glass's conference presentation, Sep 12, 2018
Slide 1: Forward-Looking Statements
Forward-Looking Statements This document contains "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the Securities Act of 1933. Forward-looking statements reflect the Company's current expectation
Slide 2: Europe: Driving profit and margin expansion through commercial efforts and structural cost reduction
Europe: Driving profit and margin expansion through commercial efforts and structural cost reduction Market Trends Solid market demand conditions across Europe Constructive pricing environment Favorable emerging consumer preferences O-I Focus Areas Rigorous focus on sales mix management Segmenting m
Slide 3: Americas: Solid demand trends over time
Americas: Solid demand trends over time Market Trends Solid demand for O-I glass in the U.S. Recovery and more in Brazil Good growth prospects in Mexico and Andean region O-I Focus Areas Continue to grow O-I glass presence in the U.S. Non-beer segments growing mid-single digits Beer shipments up YoY
Slide 4: Asia Pacific: 2018 asset turnaround on track, with 90% completed to date
Asia Pacific: 2018 asset turnaround on track, with 90% competed to date 5 Market Trends Growing demand in emerging markets Opportunities for premium products in AU/NZ O-I Focus Areas Complete asset advancement project Unwind extended supply chains to meet customer needs Achieve step-up in margins as
Slide 5: Line of Sight to Original Guidance
6 1 Headwinds Volatile FX; hyperinflation in Argentina Softer-than-expected sales in August Ongoing freight pressure in the U.S. Transportation strike in Brazil and batch disruption in Mexico (2Q18) Line of Sight to Original Guidance Management focused on offsetting headwinds Tailwinds Improvement i
Slide 6: Balanced capital allocation
7 Balanced capital allocation Top priority for cash flow from operations invest in the business Capital investments drive top and bottom line improvements Strategic investments drive long-term value Shift to balanced capital allocation Continue to reduce debt Purchased 5.4 million shares year-to-dat
Slide 7: Balanced capital allocation
| Balanced capital allocation Top priority for cash flow from operations...invest in the business + Capital investments drive top and bottom line improvements + Strategic investments drive long-term value Shift to balanced capital allocation = Continue to reduce debt = Purchased 5.4 million shares y
Slide 8: Use of non-GAAP financial measures
The Company uses certain non-GAAP financial measures, which are measures of its historical or future financial performance that are not calculated and presented in accordance with GAAP, within the meaning of applicable SEC rules. Management believes that its presentation and use of certain non-GAAP
Slide 9: Reconciliation to Expected Adjusted Earnings
10 Reconciliation to Expected Adjusted Earnings
Slide 10: Reconciliation to Adjusted Free Cash Flow
11 Reconciliation to Adjusted Free Cash Flow
Slide 11: Impact from Currency Rates
12 Impact from Currency Rates Approximate annual translation impact on EPS from 10% FX change Euro $0.08 Mexican peso $0.04 Brazilian real $0.03 Colombian peso $0.01 AU & NZ dollar $0.04 Note: Updated translation impact as of June 2018. Accounting regulators expect entities with operations in Argent
Slide 12: Impact from Currency Rates
| Impact from Currency Rates from 10% FX change Euro $0.08 Mexican peso $0.04 Brazilian real $0.03 Colombian peso $0.01 AU & NZ dollar $0.04 Note: Updated transition impact as of ne 2018. ‘Accounting regulators expect enites wih operations in Argentina to conclu that Argentina's economy ie hight ina
Owens Illinois — Conference Presentation (September 2018) on 6ix