13 slides from Ccl Industries Inc. Class A's earnings presentation, Oct 31, 2003
Slide 1: Investor Update: Third Quarter 2003 Review
http://www.cclind.com/corp_investor_2003q3.html CCL INDUSTRIES INC. Investor Update Third Quarter 2003 Review Friday, October 31, 2003 Disclaimer Any forward-looking statements contained in this presentation involve risks, uncertainties and assumptions and should not be taken as guarantees of future
Slide 2: Statement of Earnings: Three Months Ended September 30th
http://www.cclind.com/corp_investor_2003q3.html CCL INDUSTRIES INC. Statement of Earnings Three Months Ended September 30th (Millions of Cdn $, except per share data) 2003 2002 Change 1) Sales $ 354.5 $ 424.4 (16.5%) EBITDA 41.1 45.9 (10.5%) Depreciation, and amortization of other assets 16.6 19.0 O
Slide 3: Statement of Earnings: Nine Months Ended September 30th
http://www.cclind.com/corp_investor_2003q3.html CCL INDUSTRIES INC. Statement of Earnings Nine Months Ended September 30th (Millions of Cdn $, except per share data) 2003 2002 Change 1) Sales $ 1,171.7 $ 1,278.8 (8.4%) EBITDA 131.6 140.6 (6.4%) Depreciation, and amortization of other assets 52.0 57.
Slide 4: Balance Sheet
http://www.cclind.com/corp_investor_2003q3.html CCL INDUSTRIES INC. Balance Sheet As At September 30th (Millions of Cdn $, except Book Value per Share) 2003 2002 Change Net working capital (receivables, inventory, prepaids, payables and accruals) $ 78.2 $ 147.8 (47.1%) Capital assets (net) $ 410.2 $
Slide 5: Debt Summary
http://www.cclind.com/corp_investor_2003q3.html CCL INDUSTRIES INC. Debt Summary As At September 30th (Millions of Cdn $) Decrease 2003 2002 (Increase) Bank advances $ 13.8 $ 5.8 $ (8.0) Long-term debt - senior notes (2003 - $314.2 MM U.S., 2002 - $323.6 MM U.S.) 424.2 513.6 89.4 Long-term debt - al
Slide 6: Cash Flow Highlights
http://www.cclind.com/corp_investor_2003q3.html CCL INDUSTRIES INC. Cash Flow Highlights Nine Months Ended September 30th (Millions of Cdn $) Inflows: 2003 2002 Net earnings $ 35.6 $ 12.4 Depreciation, & amortization of other assets 52.0 57.1 Future income taxes 11.8 6.8 Unusual items 9.3 29.4 Gross
Slide 7: Capital Spending Highlights
http://www.cclind.com/corp_investor_2003q3.html CCL INDUSTRIES INC. Capital Spending Highlights Nine Months Ended September 30th, 2003 (Millions of Cdn $) Capital Divisions Spending Depreciation Difference Major Investments Custom Manufacturing $ 17.5 $ 14.9 $ 2.6 UK consolidation $ 1.4 German expan
Slide 8: Income From Operations
http://www.cclind.com/corp_investor_2003q3.html CCL INDUSTRIES INC. Income From Operations Nine Months Ended September 30th (Millions of Cdn $) Excl. FX & 2003 2002 Change Divestitures Custom Manufacturing $ 32.8 $ 42.5 (22.8%) (20.8%) Container 27.3 22.5 +21.3% +29.5% Label 25.9 24.3 +6.6% +15.6% 8
Slide 9: Custom Manufacturing
http://www.cclind.com/corp_investor_2003q3.html Custom Manufacturing Third Quarters Ended September 30th Excl. FX & (in million Cdn dollars) 2003 2002 % Divestitures 1) Sales $ 183.6 $ 229.2 (19.9%) (13.4%) Operating Income $ 10.0 $ 13.2 (24.2%) (19.7%) Return on Sales 5.4% 5.8% Return on Service Re
Slide 10: Custom Manufacturing: Unit Volume
Custom Manufacturing http://www.cclind.com/corp_investor_2003q3.html Unit Volume - Millions Third Quarters Ended September 30th 3RD QUARTER YTD 2003 2002 2003 2002 ACT ACT Change ACT ACT Change Aerosol / sticks - North America 101.7 116.3 (12.6%) 315.7 333.5 (5.3% ) Liquid - North America 72.5 82.6
Slide 11: Container
http://www.cclind.com/corp_investor_2003q3.html Container Third Quarters Ended September 30th Excl. FX & (in millions of Cdn dollars) 2003 2002 % Divestitures 1) Sales $ 70.1 $ 91.8 (23.6%) (5.2%) Operating Income $ 7.5 $ 7.9 (5.1%) (5.7%) Return on Sales 10.7% 8.6% EBITDA $ 12.3 $ 14.9 (17.4%) % of
Slide 12: Container: Actual Unit Volume Comparison
http://www.cclind.com/corp_investor_2003q3.html Container Actual Unit Volume Comparison Q3 2003 YTD 2003 Year 2002 vs. vs. vs. Q3 2002 YTD 2002 Year 2001 Aerosol & Bottles +12.5% +15.7% +2.6% Plastic Tube (13.9%) +2.3% +18.8% Revised Post October 31st Presentation 12
Slide 13: Label
http://www.cclind.com/corp_investor_2003q3.html Label Third Quarters Ended September 30th Excl. FX & (in millions of Cdn dollars) 2003 2002 % Divestitures 1) Sales $ 100.8 $ 103.4 (2.5%) +6.9% Operating Income $ 8.5 $ 7.9 +7.6% +20.5% Return on Sales 8.4% 7.6% EBITDA $ 15.2 $ 14.4 +5.6% % of Sales 1