Slide 1: 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 our financial results in conformity with accounting principles generally accepted in the United States of America, or GAAP, and also communicate with investors using c
Slide 2: Third Quarter Review
Third Quarter Review Reported EPS of $1.69; Adj. EPS (non-GAAP) of $1.45, up 15%, in line with our expectations Reported sales increased 4.8%; organic sales change (non-GAAP) of 6.1%, modestly above our expectations Reported operating margin up 90 bps, reflecting lower restructuring charges for the
Slide 3: Sales Trend Analysis
Sales Trend Analysis 3Q17 4Q17 1Q18 2Q18 3Q18 Reported Sales Change 11.3% 11.9% 13.0% 14.0% 4.8% Organic Sales Change 5.3% 4.7% 3.4% 7.5% 6.1% Acquisitions 4.7% 4.4% 3.3% 2.5% 0.0% Sales Change Ex. Currency(1) 10.0% 9.1% 6.8% 10.0% 6.1% Currency Translation 1.3% 2.8% 6.2% 4.0% -1.3% Reported Sales C
Slide 4: Third Quarter Sales and Margin Analysis
Third Quarter Sales and Margin Analysis 3Q18 Reported Ex. Currency Organic Sales Change: Label and Graphic Materials 5.0% 6.4% 6.4% Retail Branding and Information Solutions 6.6% 8.2% 8.2% Industrial and Healthcare Materials (0.8)% (0.4)% (0.4)% Total Company 4.8% 6.1% 6.1% Reported Adjusted (Non-GA
Slide 5: Third Quarter Segment Overview
LABEL AND GRAPHIC MATERIALS Reported sales of $1.19 bil., up 5.0% Sales up 6.4% on organic basis Label and Packaging Materials sales up mid-single digits on organic basis Combined Graphics and Reflective Solutions up high-single digits on organic basis Reported operating margin decreased 20 bps to 1
Slide 6: Third Quarter Segment Overview (cont.)
INDUSTRIAL AND HEALTHCARE MATERIALS Reported sales of $167 mil., down 0.8% Sales down 0.4% on organic basis driven by decline in China automotive business, which offset strong mid-single digit growth for the rest of the industrial categories Reported operating margin increased 80 bps to 9.2%, includ
Slide 7: 2018 EPS Guidance
Add Back: Est. restructuring costs, pension settlement charges, and other items $1.18 – $1.38 Adjusted EPS (non-GAAP) Reported EPS $4.57 – $4.92 $5.95 – $6.10 Reported sales growth of ~8.5%, including ~1.5 pts. from currency translation (previously 2 pts.) Sales change ex. currency of ~7.0% (previou
Slide 8: 2018 EPS Guidance
2018 EPS Guidance Previous Updated Reported EPS $4.50 — $4.85 $4.57 — $4.92 Add Back: Est. restructuring costs, pension settlement charges, and other items $1.25 — $1.45 $1.18 - $1.38 Adjusted EPS (non-GAAP) $5.95 — $6.10 $5.95 — $6.10 Contributing Factors to 2018 Results ‘* Reported sales growth of
Slide 9: Avery Dennison
A AVERY DENNISON Sa hay Denn Cpt Ali mere