Tredegar Corporation · NYSE:TG
Tredegar — Shareholder Meeting (May 2017)
34 slides from Tredegar's shareholder meeting presentation, May 19, 2017
Slide 1: 2017 Annual Shareholders Meeting
2017 Annual Shareholders Meeting May 17, 2017 Exhibit 99.2
Slide 2: Chairman's Report
Chairman’s Report William M. Gottwald,Chairman of the Board 1 2017 Annual Shareholders Meeting
Slide 3: Election of Directors
Election of Directors John D. Gottwald Thomas G. Snead, Jr. Kenneth R. Newsome Gregory A. Pratt Carl E. Tack, III John M. Steitz 2 2017 Annual Shareholders Meeting
Slide 4: Chairman's Report George Newbill
Chairman’s Report George Newbill 3 2017 Annual Shareholders Meeting
Slide 5: John D. Gottwald
John D. Gottwald 4 2017 Annual Shareholders Meeting
Slide 6: Tredegar Safety Performance
5 Tredegar Safety Performance George has driven improved safety AluminumExtrusions4.9 PE Films 4.7 * Five year average for respective industries through 2015 5 Year Industry Average* 2017 Annual Shareholders Meeting
Slide 7: Forward Looking Statements & Non-GAAP Measures
Forward Looking Statements & Non-GAAP Measures Certain statements contained in this presentation are forward-looking statements. Pursuant to federal securities regulations, we have set forth cautionary statements relating to those forward-looking statements in our Annual Report on Form 10-K for the
Slide 8: Agenda
Update on Polyethylene Films John Gottwald, President and Chief Executive OfficerBonnell and Acquisition of Futura Brook Hamilton, President Bonnell AluminumTredegar Financial Report Drew Edwards, Vice President and Chief Financial OfficerQuestions 7 Agenda 2017 Annual Shareholders Meeting
Slide 9: 2016 Tredegar Segment Net Sales ($799M)
8 2016 Tredegar Segment Net Sales ($799M) 2017 Annual Shareholders Meeting
Slide 10: Power of Innovation
Power of Innovation 9 2017 Annual Shareholders Meeting
Slide 11: Increasing Demands on Supply Chain
10 Increasing Demands on Supply Chain TREDEGAR AMAZONWALMART P&GJ&J DOWEXXON Channel to Customers Brand Products Basic Materials Components 2017 Annual Shareholders Meeting
Slide 12: Personal Care Successes
Personal Care Successes 11 2017 Annual Shareholders Meeting
Slide 13: Continuous Improvement: Customer-Driven Defect Reduction
12 Continuous Improvement: Customer-Driven Defect Reduction Surface Science Progress in Defect Size Reduction Defect Size 2010 2017 2017 Annual Shareholders Meeting
Slide 14: PE Films R&D Expenditures ($M)
PE Films R&D Expenditures ($M) 13 2017 Annual Shareholders Meeting
Slide 15: Bonnell and Acquisition of Futura
Bonnell and Acquisition of Futura Brook HamiltonPresident of Bonnell Aluminum 14 2017 Annual Shareholders Meeting
Slide 16: Profitability Since Recession
15 Profitability Since Recession 2017 Annual Shareholders Meeting * EBIT is operating profit from ongoing operations for Tredegar’s Aluminum Extrusions business segment
Slide 17: Organic Growth – Adding Capacity
Organic Growth – Adding Capacity Automotive PressNewnan, GeorgiaInstalled February 2014Capital Cost – $15M*Capacity – 15M lbs Press #3Niles, MichiganInstalled May 2017Capital Cost - $18M* Capacity – 15M lbs* Including building expansion 16 2017 Annual Shareholders Meeting
Slide 18: Futura Industries, Clearfield, Utah
Futura Industries, Clearfield, Utah 17 2017 Annual Shareholders Meeting
Slide 19: Markets Served by Futura
OEM Solar Commercial TSLOTS Markets Served by Futura 18 2017 Annual Shareholders Meeting
Slide 20: Products by Futura
Exercise Equipment Mounting Systems Shower Door Transportation Machine Guarding Marine Products by Futura 19 2017 Annual Shareholders Meeting
Slide 21: Continued Diversification
Continued Diversification 20 2010 Sales $200M(Before AACOA & Futura Acquisitions) 2016 Sales $437M(Including AACOA & Futura) 2017 Annual Shareholders Meeting
Slide 22: Aluminum Extrusions: Outlook
Continued growth trends in key marketsRecent upgrades in capacity and quality capabilities in anodizing and paint enhance market positionCommitment to value-added solutions to better serve customersEnhanced technical support for customers Aluminum Extrusions: Outlook 21 2017 Annual Shareholders Meet
Slide 23: Moving Forward: Diversify, Value-Add, Innovate
Moving Forward DiversifyValue-AddInnovate 22 2017 Annual Shareholders Meeting
Slide 24: Tredegar Financial Report
Tredegar Financial Report D. Andrew Edwards, Vice President & CFO 23 2017 Annual Shareholders Meeting
Slide 25: Impact of Futura on Tredegar's Balance Sheet
24 Purchase price of $92 million Funded with Tredegar debt (drawdown of revolving credit facility)Tredegar’s post-acquisition debt at March 31, 2017 was $193 millionLeverage Ratio increased from 1.4x before Futura to 2.4x with Futura Impact of Futura on Tredegar’s Balance Sheet 2017 Annual Sharehold
Slide 26: Impact of Futura on Tredegar's P&L
25 Impact of Futura on Tredegar’s P&L 2017 Annual Shareholders Meeting
Slide 27: Bridge of Tredegar Ongoing EPS Q1-16 to Q1-17
26 Bridge of Tredegar Ongoing EPS Q1-16 to Q1-17($ Millions Except EPS Data) 2017 Annual Shareholders Meeting * Computed as change in profit or expenses for period, net of tax, divided by average diluted shares outstanding
Slide 28: 2016 Tredegar Segment Net Sales ($799M)
27 2016 Tredegar Segment Net Sales ($799M) 2017 Annual Shareholders Meeting
Slide 29: Profitability Since Recession
28 Profitability Since Recession 2017 Annual Shareholders Meeting * EBIT is operating profit from ongoing operations for Tredegar’s Aluminum Extrusions business segment
Slide 30: Q&A
Tredegar CORPORATION, re Ta Q&A May 17, 2017
Slide 31: GAAP to Non-GAAP Reconciliations
30 GAAP to Non-GAAP Reconciliations
Slide 32: GAAP to Non-GAAP Reconciliations
31 GAAP to Non-GAAP Reconciliations
Slide 33: GAAP to Non-GAAP Reconciliations
32 GAAP to Non-GAAP Reconciliations
Slide 34: GAAP to Non-GAAP Reconciliations
33 GAAP to Non-GAAP Reconciliations