Ccl Industries Inc. Class A · TSX:CCL.A
Ccl Industries Inc. Class A — Robert W. Baird Industrial Conference 2015
21 slides from Ccl Industries Inc. Class A's conference presentation, Nov 11, 2015
Slide 1: CCL Industries Profile
CCL Industries Profile Geoff Martin President & CEO Robert W. Baird Industrial Conference November 11th 2015
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: Overview
Overview $250 Share Price Growth $200 Ownership $150 • TSX listed • CCL.A, voting • CCL.B, non-voting $100 • CCL.B average volume $50 156,000/day $0 • Lang family: owns 2006 2001 2002 2003 2004 2005 2007 2008 2009 2010 2011 2012 2013 2014 2015 substantially all voting stock, 21% total equity positio
Slide 4: 2015 Segmentation
2015 Segmentation Subtitle goes here Sales by Segment C$3 Sales by Geography Billion . Aus-ZA Container Asia 3% 8% 5% Lat Am Europe 7% 27% Avery 26% Canada Label 4% US 66% 54% Page 4
Slide 5: CCL Label
CCL Label $2 billion forecast 2015 sales across 4 global vertical markets 1. Home & 2. Healthcare & 3. Food & 4. CCL Design Personal Care Specialty Beverage Page 5
Slide 6: Worldmark Acquisition
Worldmark Acquisition $252 Million Enterprise Value: 7.3X 2015 adj. EBITDA, 6.4X pro-forma 2016 Page 6
Slide 7: Worldmark Acquisition
Worldmark Acquisition Sales offices Manufacturing Design Countries SPeople Print on Demand worldwide sites centres customer sites 300 250 200 150 257.8 227.8 100 197.2 50 92.6 106.4 80.2 42.2 50.0 34.2 0 Page 7 2015 2016 2017 Sales Gross Profit EBITDA
Slide 8: Label
Label Periods Ended September 30th Three months Change Nine months Change (millions of CDN $) 2015 2014 Reported Ex FX 2015 2014 Reported Ex FX Sales $ 522.2 $ 437.4 +19% +10% $ 1,477.2 $ 1,284.9 +15% +10% Operating income(1) $ 81.6 $ 59.4 +37% +28% $ 235.4 $ 184.8 +27% +22% Return on Sales 15.6% 13
Slide 9: Label Joint Ventures
Label Joint Ventures Periods Ended September 30th Results at 100% Three months Nine months (millions of CDN $) 2015 2014 2015 2014 Sales $ 28.3 $ 20.1 $ 76.8 $ 59.6 Net income (loss) $ 2.4 $ 1.0 $ 5.2 $ 3.1 EBITDA $ 5.3 $ 2.9 $ 12.8 $ 8.1 % of Sales 18.7% 14.4% 16.7% 13.6% CCL equity share (*) $ 1.2
Slide 10: WePrint - Design & Print On-Line
WePrint - Design & Print On-Line (1) Start at avery.com/print to find the product you want to print (2) Select a pre-designed template or start with a blank (3) Edit using the design tools, including circular text, QR codes, drag-and-drop mail merge, color changer and more (4) Preview, print and sav
Slide 11: Avery: Printable Media
Avery: Printable Media Page 11
Slide 12: p/c Nametag Acquisition
p/c Nametag Acquisition Page 12
Slide 13: Avery
Avery Periods Ended September 30th Three months Change Nine months Change (millions of CDN $) 2015 2014 Reported Ex FX 2015 2014 Reported Ex FX Sales $ 233.1 $ 204.7 +14% - $ 591.5 $ 511.8 +16% +6% Operating income(1) $ 46.5 $ 44.8 +4% (10%) $ 118.3 $ 86.3 +37% +27% Return on Sales 19.9% 21.9% 20.0%
Slide 14: CCL Container
CCL Container Aerosol Containers Specialty Bottles Market Situation: • 1 of 3 producers in the USA, 1 of 2 in Mexico • 50% HPC market share in NAFTA zone • Main customers HPC aerosols • Specialty Beverage bottles niche Page 14
Slide 15: Rheinfelden Americas – “Slugs”
Rheinfelden Americas – “Slugs” Page 15
Slide 16: Container
Container Periods ended September 30th Three months Change Nine months Change (millions of CDN $) 2015 2014 Reported Ex FX 2015 2014 Reported Ex FX Sales $ 57.6 $ 47.6 +21% +13% $ 171.6 $ 153.1 +12% +6% Operating income(1) $ 6.2 $ 3.0 +107% +97% $ 20.3 $ 13.8 +47% +39% Return on Sales 10.8% 6.3% 11.
Slide 17: Statement of Earnings
Statement of Earnings Periods Ended September 30th Three months Change Nine months Change (millions of CDN $) 2015 2014 Reported Ex FX 2015 2014 Reported Ex FX Sales $ 812.9 $ 689.7 +18% +7% $ 2,240.3 $ 1,949.8 +15% +8% Operating income(1) 134.3 107.2 +25% +14% 374.0 284.9 +31% +24% Corporate expens
Slide 18: Free Cash Flow
Free Cash Flow Periods Ended September 30th (millions of CDN $) $276.5 $238.3 $129.9 $106.4 Q3 2015 Q3 2014 LTM September LTM September 2015 2014 Page 18
Slide 19: Cash & Debt Summary
Cash & Debt Summary September September (millions of CDN $) 2015 2014 Senior Notes LTD (US$239.0MM) $ 318.9 $ 267.7 Non-revolving LTD (US$208.0MM and EUR61.6MM) 369.7 367.2 Revolving LTD - 57.7 Debt - all other 18.0 14.2 Total debt 706.6 706.8 Less: Cash and cash equivalents (298.8) (216.0) Net debt
Slide 20: Outlook
Outlook • With back to school behind us we expect Avery results to post moderate gains for Q4, summing to a strong 2015 • Orders at CCL units have been very solid so far this quarter • C$ translation tailwind continues at today’s rates • FX pricing catch ups around strong U.S. dollar underway • Raw
Slide 21: Questions
Questions Page 21
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