Ccl Industries Inc. Class A · TSX:CCL.A
Ccl Industries Inc. Class A — Q2 2006 Earnings Presentation
19 slides from Ccl Industries Inc. Class A's earnings presentation, Aug 3, 2006
Slide 1: Investor Update: Second Quarter 2006 Review
Investor Update Second Quarter 2006 Review Thursday, August 3, 2006 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 from those antic
Slide 2: Statement of Earnings for Continuing Operations - Second Quarters
Statement of Earnings for Continuing Operations Second Quarters Ended June 30th (Millions of Cdn $) Excludes Discontinued Operations - Custom Manufacturing North America sold May 17, 2005 Net of currency 2006 2005 Change translation & divestitures 1) Sales $ 296.6 $ 280.1 +5.9% +17% Income before un
Slide 3: Statement of Earnings for Continuing Operations - Six Months
Statement of Earnings for Continuing Operations Six Months Ended June 30th (Millions of Cdn $) Excludes Discontinued Operations - Custom Manufacturing North America sold May 17, 2005 Net of currency 2006 2005 Change translation & divestitures 1) Sales $ 609.8 $ 545.8 +11.7% +23% Income before undern
Slide 4: Earnings per Class B Share
Earnings per Class B Share Periods Ended June 30th Second Quarter YTD 2006 2005 % change 2006 2005 % change Continuing Operations $ 0.54 $ 0.16 +238% $ 1.20 $ 0.66 +82% Discontinued Operations - 0.06 - 0.17 0.54 0.22 +145% 1.20 0.83 +45% Gain on sale of Discontinued Operations - 3.31 - 3.31 Net Earn
Slide 5: Impact of Changes in Exchange Rates
Impact of Changes in Exchange Rates Currency Translation: 2005 – U.S. dollar averaged $1.21 vs. $1.30 in 2004 for the year (down 7%) and euro was $1.51 vs. 1.62 for the same period (also down 7%) 2006 – U.S. dollar averaged $1.12 vs. $1.24 in 2005 for the quarter (down 10%) and euro was $1.41 vs. 1.
Slide 6: Balance Sheet As At June 30th
Balance Sheet As At June 30th (Millions of Cdn $, except Book Value per Share) 2006 2005 Change Net working capital (receivables, inventory, prepaids, payables and accruals) $ 46.0 $ 39.4 +16.8% Capital assets (net) $ 561.5 $ 479.8 +17.0% Intangible assets & goodwill $ 433.2 $ 351.2 +23.3% Total ass
Slide 7: Debt Summary As At June 30th
Debt Summary As At June 30th (Millions of Cdn $) Increase 2006 2005 (Decrease) Bank advances $ 3.8 $ 10.2 $ (6.4) Long-term debt - senior notes (2006 - US$345.5 MM, 2005 - US$304.9 MM) 385.6 373.6 12.0 Long-term debt - all other 56.5 49.9 6.6 Total debt 445.9 433.7 12.2 Cash and cash equivalents (11
Slide 8: Cash Flow Highlights Six Months Ended June 30th
Cash Flow Highlights Six Months Ended June 30th (Millions of Cdn $) Inflows: 2006 2005 Net earnings from continuing operations (includes unusual items) $ 38.7 $ 21.2 Depreciation and amortization (continuing) 36.6 31.7 Stock-based compensation 1.1 0.1 Future income taxes 0.3 2.7 Unusual items 1.9 15
Slide 9: Capital Spending Highlights Six Months Ended June 30th, 2006
Capital Spending Highlights Six Months Ended June 30th, 2006 (Millions of Cdn $) Capital Divisions Spending Depreciation Difference Major Investment Projects Label $ 48.3 $ 20.8 $ 27.5 Robbinsville, NJ (Plant relocation) $ 3.6 Memphis, TN (Plant relocation) 1.4 Infrastructure 5.0 Shelton, CN (2 Nilp
Slide 10: Income From Operations for Continuing Operations - Second Quarters
Income From Operations for Continuing Operations Second Quarters Ended June 30th (Millions of Cdn $) Excl. currency translation, transactions & 2006 2005 Change divestitures Label $ 23.2 $ 19.3 +20.2% +31.1% Container 5.7 6.0 (5.0%) +8.2% Tube 1.5 1.1 +36.4% +125.0% ColepCCL 3.9 4.1 (4.9%) +12.5% 34
Slide 11: Income From Operations for Continuing Operations - Six Months
Income From Operations for Continuing Operations Six Months Ended June 30th (Millions of Cdn $) Excl. currency translation, transactions & 2006 2005 Change divestitures Label $ 52.4 $ 38.4 +36.5% +47.9% Container 11.9 11.3 +5.3% +17.5% Tube 2.5 2.0 +25.0% +93.3% ColepCCL 8.0 9.5 (15.8%) (5.2%) 74.8
Slide 12: Label - Second Quarters
Label Second Quarters Ended June 30th (Millions of Cdn $) Excl. currency 2006 2005 % translation 1) Sales $ 191.5 $ 167.2 +14.5% +24.3% Operating Income $ 23.2 $ 19.3 +20.2% +31.1% Return on Sales 12.1% 11.5% EBITDA $ 35.4 $ 28.8 +22.9% % of Sales 18.5% 17.2% 1) Excluding foreign exchange and dispos
Slide 13: Label - Six Months
Label Six Months Ended June 30th (Millions of Cdn $) Excl. currency 2006 2005 % translation 1) Sales $ 396.6 $ 324.5 +22.2% +32.4% Operating Income $ 52.4 $ 38.4 +36.5% +47.9% Return on Sales 13.2% 11.8% EBITDA $ 76.3 $ 56.9 +34.1% % of Sales 19.2% 17.5% 1) Excluding foreign exchange and disposition
Slide 14: Container - Second Quarters
Container Second Quarters Ended June 30th (Millions of Cdn $) Excl. inter- company, currency translation & 2006 2005 % transactions 1) Sales $ 48.3 $ 44.8 7.7% +6.0% Operating Income $ 5.7 $ 6.0 (5.0%) +8.2% Return on Sales 11.8% 13.4% EBITDA $ 8.3 $ 8.4 (1.2%) % of Sales 17.2% 18.7% 1) Positive imp
Slide 15: Container - Six Months
Container Six Months Ended June 30th (Millions of Cdn $) Excl. currency translation & 2006 2005 % transactions Sales $ 92.7 $ 80.9 14.6% Operating Income $ 11.9 $ 11.3 5.3% +17.5% Return on Sales 12.8% 14.0% EBITDA $ 17.1 $ 15.9 7.5% % of Sales 18.4% 19.7% 15
Slide 16: Tube - Second Quarters
Tube Second Quarters Ended June 30th (Millions of Cdn $) Excl. inter- company, currency translation & 2006 2005 % diverstiture 1) Sales $ 17.7 $ 20.2 (12.4%) +14.0% Operating Income $ 1.5 $ 1.1 36.4% +125.0% Return on Sales 8.5% 5.4% EBITDA $ 3.2 $ 3.2 0.0% % of Sales 18.1% 15.8% 1) Positive impact
Slide 17: Tube - Six Months
Tube Six Months Ended June 30th (Millions of Cdn $) Excl. currency translation & 2006 2005 % divestiture 1) Sales $ 36.8 $ 41.2 (10.7%) Operating Income $ 2.5 $ 2.0 25.0% +93.3% Return on Sales 6.8% 4.9% EBITDA $ 6.1 $ 6.2 (1.6%) % of Sales 16.6% 15.0% 17
Slide 18: ColepCCL - Second Quarters
ColepCCL Second Quarters Ended June 30th (Millions of Cdn $) Excl. currency 2006 2005 % translation 1) Sales $ 39.1 $ 47.9 (18.4%) (9.2%) Operating Income $ 3.9 $ 4.1 (4.9%) +12.5% Return on Sales 10.0% 8.6% EBITDA $ 5.8 $ 6.1 (4.9%) % of Sales 14.8% 12.7% 1) ColepCCL sales in local currency were do
Slide 19: ColepCCL - Six Months
ColepCCL Six Months Ended June 30th (Millions of Cdn $) Excl. currency 2006 2005 % translation 1) Sales $ 83.7 $ 99.2 (15.6%) (4.4%) Operating Income $ 8.0 $ 9.5 (15.8%) (5.2%) Return on Sales 9.6% 9.6% EBITDA $ 11.6 $ 13.7 (15.3%) % of Sales 13.9% 13.8% 1) Excluding foreign currency translation, sa