Slide 1: Forward-looking statements
Certain statements contained in this document are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements, and financial or other business targets, are subject to certain
Slide 2: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures This presentation contains certain non-GAAP financial measures as defined by SEC rules. We report financial results in conformity with accounting principles generally accepted in the United States of America, or GAAP, and also communicate with investors using certa
Slide 3: Second Quarter Review
Second Quarter Review Another solid quarter overall, with better than expected earnings growth Reported sales increased 2% Organic sales growth (non-GAAP) of approx. 4% Reported operating margin declined 30 basis points, reflecting headwind from pension settlement charge Adjusted operating margin (n
Slide 4: Sales Trend Analysis
2Q15 3Q15 4Q15 1Q16 2Q16 Reported Sales Change (6.2)% (5.9)% (9.3)% (2.8)% 1.7% Currency Translation 9.5% 9.5% 8.0% 5.6% 1.7% Product Line Divestiture 0.4% 1.0% 1.0% 1.0% 0.6% Extra Week -- -- ~7.5% -- -- Organic Sales Change* 3.7% 4.6% 7.1% 3.8% 4.0% Sales Trend Analysis * Totals may not sum due to
Slide 5: Second Quarter Segment Sales and Margin Analysis
Second Quarter Segment Sales and Margin Analysis 2Q16 Reported Organic Sales Growth: Pressure-sensitive Materials 3% 5% Retail Branding and Information Solutions (2)% 2% Vancive Medical Technologies 2% 0% Total Company* 2% 4% Adjusted As Reported* (Non-GAAP) 2Q16 2Q15 2Q16 2Q15 Operating Margin: Pre
Slide 6: Second Quarter Segment Overview
Second Quarter Segment Overview PRESSURE-SENSITIVE MATERIALS (PSM) Reported sales of $1.15 bil., up approx. 3% compared to prior year Sales up approx. 5% on organic basis Label and Packaging Materials sales up mid-single digits on organic basis Combined Graphics and Performance Tapes up low-single d
Slide 7: Contributing Factors to 2016 Results
Contributing Factors to 2016 Results At recent currency translation rates, reported net sales up 1% to 2% (vs. previous assumption of 0.5% to 2.0%) Organic sales growth (non-GAAP) of 3% to 4% Based on recent rates, currency translation represents: ~2.5% reduction to reported net sales (vs. previous
Slide 8: 2016 EPS Guidance
2016 EPS Guidance US Updated Reported EPS. $3.25-$3.40 $3.35 - $3.50 ‘Add Back: Est. restructuring charges and other items ~$0.20 ~$0.15 Est. non-cash charge to settle certain U.S. pension obligations ~$0.30 $0.30 Adjusted EPS (non-GAAP) $3.75-$3.90 $3.80 -$3.95 Contributing Factors to 2016 Results
Slide 9: Avery Dennison - Inspired Brands. Intelligent World.
A AVERY Inspired Brands. DENNISON intelligent World” wademarts of Avery Dennison Corporation. All “Company nas and afer information