Myers Industries, Inc. · NYSE:MYE
Myers Industries — Q4 2014 and FY2014 Earnings Presentation
15 slides from Myers Industries's earnings presentation, Feb 25, 2015
Slide 1: Fourth Quarter & Full Year 2014 Earnings Presentation
Exhibit 99.2 February Earnings Fourth Quarter Presentation 25, 2015 & Full Year 2014
Slide 2: Safe Harbor Statement and Litigation Reform Act
(1) Safe Statements Litigation “expect,” and Many obligation, statements. events Harbor of Changes the or Reform (2) Inability pricing (8) (11)Changes Myers (5) Thedescribed to in Such “anticipate” Statement factors Rawupdate of inthisrisks in presentation Act Company’s the trends Industries, that t
Slide 3: 2014 Highlights
•• Generated 2014 Highlights Increased Returned Completed Used free the aScepter total proceeds cash thedividend ofhelp sale to flow $70.6 of by WEK of 44%$28 million fund the million toto$0.52 andofrepurchased shareholders Industries, Inc., acquisition aScepter non-core 2.7 million business, shares
Slide 4: Fourth Quarter Continuing Operations Financial Summary
•4Note: Fourth Sales Quarter Gross SG&A Continuing Net Gross SG&A Effective Income ¹See increased profit expenditures • sales Adjusted 2014 increased income Reconciliation All profit $31.5 from per $158.3 tax figures Operations diluted margin rate due Financial margin continuing $30.6$144.7 except 2
Slide 5: Cash Flow and Balance Sheet Highlights
Fourth Continuing Cash $52.1 continuing Capital Dividends Balance Long-term Debt—net Notes: Free cash provided $74.9 All Quarter expenditures Sheet flow figures $15.7 of debt operations Operations cash December by =2014 $236.4 $9.1 cash except $231.7 Financial $24.2 flow Twelve $44.3 ratios 31, $37.
Slide 6: Fourth Quarter Results: Material Handling
Fourth Incremental Adjusted $labor Net $85 $90 $95 $95.6 $100 $105 $110 $110.1E $115 Q4 $0 $5 $10 $10.5 $11.5 $15 IBT—Adjusted 6See Millions 2014 Sales Reconciliation costs, Quarter Q4 income overhead sales 2013 Results before from of and Non-GAAP the –taxes Material selling, Scepter (IBT) general H
Slide 7: Fourth Quarter Results: Distribution
Fourth Increases $Savings Net $50 $35 $40 $45 $48.3 $5 IBT—Adjusted $4 $3 Q4 7See Millions $4.2 $3.1 $3 2014 Sales Reconciliation $49.2 $2 Quarter from Q4 $2 in supply $1 2013 operational Results $1 $0 of andNon-GAAP –equipment Distribution excellence measures sales initiatives in the onU.S. and sli
Slide 8: Outlook
•Outlook •• Challenging Earlycontinue Company market indicators remains conditions suggest that continue theofsame in Q1toto challenges 2015 experienced inbusiness, Q4reduction, 2014cut in Material andHandling have continued Anticipate Remain May that committed bepositive tostrategic to about ouract
Slide 9: Appendix
MYERS INDUSTRIES, INC: Appendix
Slide 10: Myers Industries Reconciliation of Non-GAAP Financial Measures
Reconciliation MYERS RECONCILIATION INCOME (Dollars Quarter December 2014 Material Patent Inventory Distribution Corporate Continuing Transaction Discontinued Loss Restructuring Impairment Gain Income Net Adjusted *Income Note: may Note chart Consolidated audited ctivities. that enerally company’s a
Slide 11: Market Indicators: Material Handling Shipments
•11 Market Material Shipments Source: Indicators Handling grew Material 4.5% in Handling 2014 and Industry are forecasted (MHI) to grow at a higher rate in 2015 Jan 2015 Forecast
Slide 12: Market Indicators: Outdoor Power Equipment
•12 Market Material The ACTUAL 2009 Consumer Source: Indicators Outdoor Handling Commercial Handheld Percent Total -9.1 2010 16,912,941 Change 4.0 Products FORECAST Products 2011 OPEI-6.6 U.S.Power Products -10.6 -34.4 -7.9 2012 5.3 Equipment 17,593,754 10,558,563 6,223,328 1.2 2.5 5.9 37.5 131,050
Slide 13: Market Indicators: Recreational Vehicle Shipments
•13 Market Material Units 450.0 30 12.4 300.0 10 200.0 100.0 50.0 0.0 RV Recreational Source:60Indicators Annual of (40) Handling Shipments Unit 11.1 (30) (000) 1.4 (20) RVIA 2006 50vehicle Shipments 400.0 20 0(%) 150.0 250.0 2007 Release (10) 350.0 Rate 2008 (000)market Change 40 2009 will2011 % Ch
Slide 14: Distribution Market Demand Indicators
Distribution •Market Demand Indicators forthe In January, Source: 14 replacement JP Morgan, weighted tires in 2015 RMA average is tire cost of currently estimatedfell raw materials at and 0.2% growth vs. a pre-buy 2.0% in 2014 of Chinese tires continued to contribute to a choppy demand environment
Slide 15: Myers Industries, Inc.
INC. INDUSTRIES, MYERS
Myers Industries — Q4 2014 and FY2014 Earnings Presentation on 6ix