Ccl Industries Inc. Class A · TSX:CCL.A
Ccl Industries Inc. Class A — Q1 2003 Earnings Presentation
12 slides from Ccl Industries Inc. Class A's earnings presentation, May 2, 2003
Slide 1: Investor Update First Quarter 2003 Review
CCL INDUSTRIES INC. Investor Update First Quarter 2003 Review Friday, May 2, 2003 Disclaimer Any forward- looking statements contained in this presentation involve risks, uncertainties and assumptions and should not be taken as guarantees of future performance. Actual results could vary materially f
Slide 2: Statement of Earnings
CCL INDUSTRIES INC. Statement of Earnings Three Months Ended March 31st (Millions of Cdn $, except per share data) 2003 2002 Change Sales $ 426.8 $ 427.8 (0.2%) EBITDA 45.9 47.1 (2.5%) Depreciation, and amortization of other assets 18.3 19.1 Interest expense (net) 6.1 8.5 Earnings before unusual ite
Slide 3: Balance Sheet
CCL INDUSTRIES INC. Balance Sheet As At March 31st (Millions of Cdn $, except Book Value per Share) 2003 2002 Change Net working capital (receivables, inventory, prepaids, payables and accruals) $ 117.0 $ 156.4 (25.2%) Capital assets (net) $ 480.2 $ 503.0 (4.5%) Goodwill $ 259.5 $ 276.1 (6.0%) Total
Slide 4: Debt Summary
CCL INDUSTRIES INC. Debt Summary As At March 31st (Millions of Cdn $) Decrease 2003 2002 (Increase) Bank advances $ - $ 5.5 $ 5.5 Long-term debt - senior notes (2003 - $323.6 MM U.S., 2002 - $333.0 MM U.S.) 475.0 530.9 55.9 Long-term debt - all other 9.6 5.4 (4.2) Total debt 484.6 541.8 57.2 Cash an
Slide 5: Cash Flow Highlights
CCL INDUSTRIES INC. Cash Flow Highlights Three Months Ended March 31st (Millions of Cdn $) Inflows: 2003 2002 Net earnings $ 14.1 $ 14.8 Depreciation, & amortization of other assets 18.3 19.1 Future income taxes 2.5 1.5 Unusual items 1.9 (1.6) Other (0.6) 0.9 Gross Cash Inflow 36.2 34.7 Outflows: Ne
Slide 6: Income From Operations
CCL INDUSTRIES INC. Income From Operations Three Months Ended March 31st (Millions of Cdn $) 2003 2002 Change Custom Manufacturing $ 11.5 $ 13.6 (15.4%) Container 9.4 7.8 +20.5% Label 9.2 8.8 +4.5% 30.1 30.2 (0.3%) Corporate expense 2.5 2.2 +13.6% Interest expense (net) 6.1 8.5 (28.2%) Earnings befo
Slide 7: Custom Manufacturing
Custom Manufacturing First Quarters Ended March 31st (in million Cdn dollars) 2003 2002 % Sales $ 229.3 $ 235.2 (2.5%) Operating Income $ 11.5 $ 13.6 (15.4%) Return on Sales 5.0% 5.8% Return on Service Revenue 16.2% 18.4% EBITDA $ 16.6 $ 18.8 (11.7%) EBITDA (excluding K-G) $ 18.7 EBITDA as a % of Sa
Slide 8: Custom Manufacturing Unit Volume
Custom Manufacturing Unit Volume - Millions First Quarters Ended March 31st 1ST QUARTER FULL YEAR 2003 2002 2002 2001 ACT ACT Change ACT ACT Change Aerosol / sticks 112.6 101.4 11.0% 447.6 452.1 (1.0%) Liquid 90.3 78.8 14.6% 331.2 270.0 22.7% UK Custom 42.6 53.8 (20.8%) 201.7 208.2 (3.1%) Germany 14
Slide 9: Container
Container First Quarters Ended March 31st (in millions of Cdn dollars) 2003 2002 % Sales $ 88.7 $ 84.2 +5.3% Operating Income $ 9.4 $ 7.8 +20.5% Return on Sales 10.6% 9.3% EBITDA $ 16.5 $ 15.6 +5.8% % of Sales 18.6% 18.5% l Excluding foreign currency translation, sales up 12% for the quarter compare
Slide 10: Container Actual Unit Volume Comparison
Container Actual Unit Volume Comparison Q1 2003 Year 2002 vs. vs. Q1 2002 Year 2001 Aerosol 2.7% 2.6% Laminate Tube 5.1% 7.5% Plastic Tube 12.5% 18.8% Aluminum Tube 1.0% (16.8%) 10
Slide 11: Label
Label First Quarters Ended March 31st (in millions of Cdn dollars) 2003 2002 % Sales $ 108.8 $ 108.4 +0.4% Operating Income $ 9.2 $ 8.8 +4.5% Return on Sales 8.5% 8.1% EBITDA $ 15.0 $ 14.7 +2.0% % of Sales 13.8% 13.6% l Excluding foreign exchange, sales up 4%. l Mexican plant and one U.S. plant had
Slide 12: Label 2003 Business Unit Performance
Label 2003 Business Unit Performance Sales U.S. % of Total ROS % Personal Care 33% 11% Healthcare 14% 8% Specialty 26% 10% Canada / Mexico 13% 3% Europe 14% 3% 100% 8.5% 12