Slide 1: First Quarter 2014 Financial Review and Analysis
First Quarter 2014 Financial Review and Analysis (preliminary, unaudited) Supplemental Presentation Materials Unless otherwise indicated, the discussion of the company’s results is focused on its continuing operations, and comparisons are to the same period in the prior year. April 23, 2014
Slide 2: 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 3: 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. These non-GAAP financial measures are not in accordance with, nor are they a substitute for or superior to, the comparable GAAP financial measures. Reconciliations of non-GAAP f
Slide 4: First Quarter Overview
First Quarter Overview Earnings in line with company’s expectations Sales up approx. 5% on organic basis driven by higher than expected PSM volume Operating margin, as reported, improved 50 basis points as the benefit of productivity initiatives and higher volume more than offset higher employee-rel
Slide 5: Sales Trend Analysis
1Q13 2Q13 3Q13 4Q13 1Q14 Organic Sales Change 3.7% 5.0% 3.6% 6.6% 4.9% Currency Translation 0.3% (0.6%) 0.7% 0.2% (1.2%) Reported Sales Change* 3.9% 4.2% 4.0% 6.8% 3.4% Sales Trend Analysis *Totals may not sum due to rounding and other factors.
Slide 6: Segment Sales and Margin Analysis
Segment Sales and Margin Analysis 1Q14 Reported Organic Sales Growth: Pressure-sensitive Materials 4% 6% Retail Branding and Information Solutions 1% 2% Vancive Medical Technologies 4% 2% Continuing Operations 3% 5% Adjusted As Reported (Non-GAAP) 1Q14 1Q13 1Q14 1Q13 Operating Margin: Pressure-sensi
Slide 7: First Quarter Segment Overview
First Quarter Segment Overview PRESSURE-SENSITIVE MATERIALS (PSM) Reported sales of $1.14 bil., up approx. 4% compared to prior year Sales up approx. 6% on organic basis Label and Packaging Materials sales up mid-single digits on organic basis Combined sales for Graphics, Reflective, and Performance
Slide 8: Contributing Factors to 2014 EPS Guidance
Contributing Factors to 2014 EPS Guidance Organic sales growth of 3.5% to 5% (excludes benefit of extra week of sales) 53 weeks in 2014 fiscal year; 14 weeks in fourth quarter (expected to add ~1% to reported sales growth, slightly impact earnings, provide modest headwind to free cash flow) At recen
Slide 9: A se. | Inspired Brands.
A se. | Inspired Brands. DENNISON | intelligent World: 21a Seo aan arn Any Din a tA nr ar de crt ry rn pion Att and nd st crane eps ersForne S08 agonal Pers Cpa nates se noma nec arse ie has. Ayes sca ‘Sinot ad arenes rear