Myers Industries, Inc. · NYSE:MYE
Myers Industries — Q2 2013 Earnings Presentation
15 slides from Myers Industries's earnings presentation, Jul 18, 2013
Slide 1: Earnings Presentation Second Quarter 2013
July 18, 2013 Earnings Presentation Second Quarter 2013
Slide 2: Safe Harbor Statement
Safe Harbor Statement Statements in this presentation concerning the Company’s goals, strategies, and expectations for business and financial results may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on current indicators and
Slide 3: Lawn & Garden Restructuring
Lawn & Garden Restructuring $Millions Lawn & Garden Pro Forma EBIT $18.0 $16.0 $14.0 $12.0 $8.0 Phase 2 Benefits $10.0 $8.0 Phase 1 Benefits $6.0 $5.0 $5.0 2012 Adjusted Earnings $4.0 Before Income Taxes (EBIT) $2.0 $3.5 $3.5 $3.5 $- 2012 Adj. EBIT* 2012 Adj. EBIT* 2012 Adj. EBIT* with Phase 1 with
Slide 4: Second Quarter 2013 Financial Summary
Second Quarter 2013 Financial Summary Q2 Q2 • Net sales increased 12.7% Highlights 2013 2012 B/(W) • Material Handling sales Net sales $204.0 $181.1 12.7% increased 39% as a result of Gross Novel and Jamco margin 27.3% 26.2% 4.2% acquisitions and organic growth SG&A $42.7 $37.4 -14.1% Net income - a
Slide 5: Second Quarter 2013 Financial Summary
Second Quarter 2013 Financial Summary Six Months Ended Six Months Ended Cash June 30, June 30, Highlights 2013 2012 Cash provided by operations $30.1 $7.9 Capital expenditures $10.2 $8.4 Free cash flow $19.9 ($0.5) Dividends $3.0 $5.0 Balance Sheet June 30, December 31, Highlights 2013 2012 Long-ter
Slide 6: Segment Review – Material Handling
Segment Review – Material Handling $ Millions Q2 Results Net Sales $90 $83.8 • Net sales increased 39% as $80 $70 $60.3 a result of the Novel & $60 $50 Jamco acquisitions and $40 organic growth $30 $20 $10 $0 Q2 2012 Q2 2013 EBIT - Adjusted $12 • The increased sales led to $11.0 the higher adjusted
Slide 7: Segment Review – Lawn & Garden
Segment Review – Lawn & Garden $ Millions Net Sales Q2 Results $45 • Decreased volumes at the big box retailers $42 $42.5 contributed to the decline $40.9 in sales $39 Q2 2012 Q2 2013 EBIT - Adjusted • Productivity and material $2 $1 $1.2 cost savings drove the $1 significant increase in $0 Q2 2012
Slide 8: Segment Review – Distribution
Segment Review – Distribution $ Millions Q2 Results Net Sales • New product and increased $50 $45.9 $44.2 equipment sales leading to market $45 share gains resulted in year-over- $40 year sales improvement despite a $35 continued slow replacement tire market $30 $25 Q2 2012 Q2 2013 EBIT - Adjusted •
Slide 9: Segment Review – Engineered Products
Segment Review – Engineered Products $ Millions Net Sales Q2 Results $40 $38.6 $37.6 • Strong marine and RV sales $35 during the quarter were offset by lower custom sales $30 compared to last year $25 $20 Q2 2012 Q2 2013 EBIT - Adjusted • Productivity improvements $6 $5.1 and a favorable product mix
Slide 10: Second Half 2013 Outlook
Second Half 2013 Outlook Second Half Outlook • Material Handling • Second half results will benefit from the 2012 acquisitions and organic growth • Lawn & Garden • Expect results to continue to improve year-over-year driven by new products, cost reductions, material substitutions and restructuring p
Slide 11: Appendix
USTRIESE Appendix
Slide 12: 2012 Reconciliation of Non-GAAP Measures
2012 Reconciliation of Non-GAAP Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES INCOME (LOSS) BEFORE TAXES BY SEGMENT (UNAUDITED) (Dollars in millions) Twelve Months Ended December 31 2012 Material Handling Income before taxes as reported $ 47.5 Restructuring expenses 0
Slide 13: 2013 Reconciliation of Non-GAAP Measures
2013 Reconciliation of Non-GAAP Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES INCOME (LOSS) BEFORE TAXES BY SEGMENT (UNAUDITED) (Dollars in millions, except per share data) Quarter Ended Six Months Ended June 30 June 30 2013 2012 2013 2012 Material Handling Income bef
Slide 14: Market Indicators
Market Indicators Material Handling Lawn & Garden Housing Starts MHEM Index Consumer Sentiment Material Handling Index NAHB Housing Forecast Consumer Sentiment Annual rate of change 2,500 40.0 90.0 40.0 30.0 30.0 80.0 30.0 2,000 20.0 70.0 Percent Change (y/y) Annual Rate of Change Housing Activity (
Slide 15: Leaders in Helping Customers Grow!
Leaderst 3rands Helping Customers Grow!