Ccl Industries Inc. Class A · TSX:CCL.A
Ccl Industries Inc. Class A — CIBC 19th Annual Eastern Institutional Investor Conference (September 2020)
15 slides from Ccl Industries Inc. Class A's conference presentation, September 2020
Slide 1: CIBC 19th Annual Eastern Institutional Investor Conference
CIBC 19th Annual Eastern Institutional Investor Conference Geoffrey T. Martin President & CEO September 2020
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking information and forward-looking statements, as defined under applicable securities laws, (hereinafter collectively referred to as “forward-looking statements”) that involve a number of risks and uncertainties. Forward-looking statements include a
Slide 3: CCL.B
CCL.B • Listed on the TSX in Toronto, Canada. Entered TSX 60 in June 2017 as market cap passed $10 billion • Lang family owns 17% of the outstanding equity, including substantially all A class voting shares. 3 family members on the Board, passive in the business, active on all shareholder matters •
Slide 4: CCL Industries
CCL Industries Latin Canada America 3% 8% Innovia Asia, 10% Australia, South Africa and New Checkpoint Zealand United 14% 18% States and Puerto Rico Avery CCL 40% 14% 62% Europe 31% Sales by Segment Sales by Geography $5+ billion in sales with 20% EBITDA margin Page 4
Slide 5: CCL Segment
CCL Segment Home & Personal Care Food & Beverage CCL Secure Historical Sales (C$ millions) • • • $3,301 Supplies innovative decorative labels, A leading producer of sleeves and Supplies polymer banknote substrate, $3,255 plastic tubes & aluminum aerosols pressure sensitive & ‘in-mold’ labels pressur
Slide 6: Avery
Avery • World’s largest supplier of specialty converted media and software solutions to enable short-run digital label printing in businesses and homes alongside complementary products sold through distributors, mass- Historical Sales market stores and e-commerce retailers (C$ millions) • Highest re
Slide 7: Checkpoint
Checkpoint Merchandise Availability Apparel Labeling Historical Sales (C$ millions) Solutions (MAS) Solutions (ALS) Meto $724 $713 $675 Hand-held label applicators and Segment Shrink and inventory management Apparel labels and tags, some of solutions for retailers which are RFID capable labels and i
Slide 8: Innovia
Innovia • A leading global producer of specialty high-performance, multi-layer, surface engineered biaxially oriented polypropylene (“BOPP”) films for label, packaging and security applications Historical Sales • Film extrusion, coating and metallizing facilities in Australia, Belgium, Mexico, Polan
Slide 9: Summary
Summary Three Months Ended Six Months Ended Periods Ended June 30th (millions of CDN $) 2020 2019 Change (ex. FX) 2020 2019 Change (ex. FX) Sales $1,221.9 $1,354.2 (10%) $2,518.3 $2,686.3 (6%) (1) Operating Income $ 163.6 $ 198.7 (18%) $ 363.9 $ 403.6 (10%) Net Finance Costs $ (15.9) $ (20.6) $ (33.
Slide 10: Cash & Debt Summary
Cash & Debt Summary (millions of CDN $) June December Long-Term Debt Maturity 2020 2019 (millions of CDN $) Syndicated revolver $ - $ 781.3 Bonds (US$600.0MM, US$500.0MM, 1,793.4 949.5 C$300.0MM) $815 Syndicated term facility (US$341.0MM) 462.9 475.4 $679 Syndicated Credit facility (US$24.1MM & AUD5
Slide 11: Outlook: COVID-19 Impact
Outlook: COVID-19 Impact CCL Avery Checkpoint Innovia CCL Secure HPC specialty retail, Direct-to-consumer: MAS: seasonal high Volume stable but pantry salon & cosmetic brands event & name badge depends on retail re- loading over still down, core business demand collapsed, kids’ opening stable labels
Slide 12: Outlook Comments for Q3
Outlook Comments for Q3 • July results solid • Expect both Avery & Checkpoint to still be down until non essential retail normalizes • CCL & Innovia stable overall with many puts & takes • Some restructuring expected in H2, largely at Checkpoint, Avery & CCL Design Automotive • Oil derived commoditi
Slide 13: Questions
Questions Page 13
Slide 14: Definitions Appendix
Definitions Appendix (1) Non-IFRS measure; see MD&A dated June 30, 2020 for definition. (2) Free Cash Flow from Operations (non-IFRS measure) = cash from operating activities less capital expenditures, net of proceeds from sale of property, plant and equipment. Page 14
Slide 15: Appendix: Segment Reporting
Appendix: Segment Reporting CCL Segment (“CCL”) CCL is a converter of pressure sensitive and specialty extruded film materials for a wide range of decorative, instructional, functional and security applications for government institutions and large global customers in the consumer packaging, healthc
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