Sherwin-Williams Company (the) · NYSE:SHW

Sherwin-Williams Company (the) — The Sherwin-Williams Company — Investor Day (May 2011)

18 slides from Sherwin-Williams Company (the)'s investor day presentation, May 12, 2011

  1. Slide 1: Market Overview

    Market Overview Bob Wells Senior VP, Corporate Communications & Public Affairs THE Proceed rrr COMPANY

  2. Slide 2: Global Coatings Industry

    Global Coatings Industry Sales ($) Mix by Category Special Purpose Architectural 21% 41% OEM Product Finishes 38% Total Coatings 2010 6.6 Billion Gallons (+4%) ~90 Billion Dollars (+5%) Source: Kusumgar, Nerlfi & Grown ey; Segment Percents Based on Dollars

  3. Slide 3: Coatings Industry

    Coatings Industry Global Demand (US$) Americas 28% Rest of World 3% All Coatings @® Architectural Coatings 2%

  4. Slide 4: Top Global Manufacturers - 2010

    SHERWIN (ase) WILLIAMS. Coatings Industry Top Global Manufacturers - 2010 Top 10 suppliers represent “60% share of the global coatings market. Sherwin- ’ Williams Source: Kusumgar, Nerlfi & Growney, October 2009, Company Data Financial Community Presentation — May 12, 2047

  5. Slide 5: U.S. Coatings Industry

    U.S. Coatings Industry Sales ($) Mix by Category Total Coatings Special 2010 Purpose 1.13 Billion Gallons (+6.5%) 15% 17.72 Billion Dollars (+9.3%) Architectural OEM Product | 59% Finishes 26% Source: U.S. Department of Commerce; Segment Percents Based on Dollars

  6. Slide 6: U.S. Coatings Industry Gallons

    Millions of Gallons U.S. Coatings Industry Coatings Gallons (Millions) Special Goatings T T T T T T T T T T T T 1 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 -@Arch.Coatings ProductFinishes(OQEM) —-Special Purpose Source: U.S. Department of Commerce MA325F Report

  7. Slide 7: U.S. Coatings Industry Demand Drivers

    U.S. Coatings Industry Demand Drivers * Architectural Paint — Residential — New / Turnover — Home Remodeling — Non-Residential — New / Maintenance * OEM Product Finishes — Industrial Production * Special Purpose — Infrastructure Investment — Light Vehicle Sales — Miles Driven

  8. Slide 8: Residential Housing Starts

    Residential Housing Starts U.S. Architectural Paint in Thousands NY wo Bk A OD fot fei YS) fey fe (ep fe; ite) fej) fe 1 l l 1 L —_ So o n 2009 2010 2011p %Chg. (38%) 6.5% 1.7% Source: Consensus of Builders, H.J.C.H.S.

  9. Slide 9: U.S. Architectural Paint: Existing Home Sales

    U.S. Architectural Paint Residential Existing Home Sales 6.0 7 504 40 BB Traditional Distressed & Foreclosure 3.0 4 2:07 1.0 4 0.0 2009 2010 2011p %Chg. 55% (5.6%) (6%) Source: IHS Global Insight

  10. Slide 10: Existing Home Sales in 000s Units

    \, SHERWIN ») WILLIAMS. Existing Home Sales in 000s Units 8,000 7,000 6,000 5,000 3,000 2,000 1,000 U.S. Architectural Paint Residential Tr 1600 1400 1200 1000 800 600 400 200 Jan-01 Source: IHS Global Insight SJIUN S000 UI Sajes PWOH MAN

  11. Slide 11: Residential Repaint / Remodel

    SHERWIN WILLIAMS. U.S. Architectural Paint Residential Repaint / Remodel LIRA Index 125 2010 2011p 10 5 c £67 oO £4 ia eo | 0 T T T T T T T — 1 4 Q2. a3 Q4 Qi Q2 Q@ @4 Source: Harvard Joint Center for Housing Studies

  12. Slide 12: U.S. Architectural Paint Non-Residential

    U.S. Architectural Paint Non-Residential Sq. Ft. of Non-Residential Projects Started Millions 2009 2010 2011p %Chg. (42%) (17.8%) 7.9% Source: McGraw-Hill Construction

  13. Slide 13: TE sem |

    TE sem | 5) Financial Community Presentation — May 42, 2044

  14. Slide 14: OEM Product Finishes: U.S. Industrial Production

    Percent Change OEM Product Finishes U.S. Industrial Production 6 = 4-4 —= : Ee 0 2009 2010 2011p Source: IHS Global Insight

  15. Slide 15: Protective & Marine Coatings: Infrastructure Investment

    Protective & Marine Coatings = U.S. Infrastructure Investment 20 se oO aX ono Percent Change 2009 2010 2011p Commercial Manufacturing @ Power/Comm. Mining Non-Building Source: IHS Global Insight

  16. Slide 16: U.S. Light Vehicle Sales

    Millions of Units Industrial Coatings Demand U.S. Light Vehicle Sales 16,000.00 + SAAR through April 2011 14,000.00 + 12,000.00 + 10,000.00 + 8,000.00 + 6,000.00 + 4,000.00 + 2,000.00 + 0.00 — ss ss SSeS SS Source: Bureau of Transportation Statistics 2001 2002 | 2003 | 2004 2005 | 2006 2007 | 2008 2

  17. Slide 17: U.S. Vehicle Miles Driven

    Trillions of Miles Industnal Coatings Demand U.S. Vehicle Miles Driven —_ = Rolling 7: 12Month Miles [& Recession aaa SSS See= Sees 6S 2.8 EEN! eee zeal 2.6 2.4 io) Ses 2.014 1.8 16F+ 1.444 i) SeSS6 1.0 SEDSP EP DY YP LS SF PED MOEIFT ESS MELON FFF f ry F eS nets ¥ £ rs fs “ FEF FEF FF FFF Source: C

  18. Slide 18: Favorable Customer Mix

    SHERWIN | | +) WILLIAMS. 5 Favorable Customer Mix DIY > Contractor Shift will Continue > 45% 59% 4 | | | > 55% 41% * | Wl J Taachamatmaconttinat SESSA JIS OI JE oT pea a wea ie Tals terotemat aerate i. 9976702076 7070.20 7676 20,7070 7020, 726707070 7O De OSORIO ELLE SE LOO LO SOLO LOLOL SOLO LOO OO

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