Slide 1: 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 2: 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 3: First Quarter Review
Reported EPS of $1.25; Adjusted EPS of $1.11 (up 18%), driven by solid sales growth, margin expansion, and a lower tax rate Reported sales increased 6%; sales change ex. currency (non-GAAP) of 7% Organic sales change (non-GAAP) of approx. 4% Reported (and adjusted) operating margin improved 40 basis
Slide 4: Sales Trend Analysis
1Q16 2Q16 3Q16 4Q16 1Q17 Reported Sales Change (2.8)% 1.7% 2.8% 6.6% 5.8% Currency Translation 5.6% 1.7% 1.7% 1.2% 1.1% Sales change (ex. currency)* 2.8% 3.4% 4.5% 7.8% 6.9% Acquisitions/Divestitures 1.0% 0.6% (1.8)% (2.5)% (3.0)% Organic Sales Change* 3.8% 4.0% 2.7% 5.3% 3.9% Sales Trend Analysis *
Slide 5: First Quarter Segment Sales and Margin Analysis
First Quarter Segment Sales and Margin Analysis 1Q17 Reported Organic Sales Growth: Label and Graphic Materials 7.6% 4.9% Retail Branding and Information Solutions 2.0% 2.9% Industrial and Healthcare Materials 2.0% (1.3)% Total Company 5.8% 3.9% Adjusted Reported (Non-GAAP) 1Q17 1Q16 1Q17 1Q16 Opera
Slide 6: First Quarter Segment Overview: LGM and RBIS
LABEL AND GRAPHIC MATERIALS (LGM) Reported sales of $1.1 bil., up 8% compared to prior year Sales change ex. currency up 9%; up approx. 5% on organic basis Label and Packaging Materials sales up mid-single digits on organic basis Combined Graphics and Reflective Solutions sales up low-single digits
Slide 7: First Quarter Segment Overview (cont.): IHM
INDUSTRIALS AND HEALTHCARE MATERIALS (IHM) Reported sales of $116 mil., up 2% compared to prior year Sales change ex. currency up 4%; down approx. 1% on organic basis Sales in industrial categories increased mid-single digits on organic basis As expected, healthcare categories declined compared to p
Slide 8: 2017 EPS Guidance
2017 EPS Guidance Add Back: Est. restructuring costs and other items ~$0.30 Adjusted EPS (non-GAAP) Reported EPS $4.20 – $4.35 $4.50 – $4.65 Reported net sales change of 4.5% to 5.5% Sales change ex. currency of 5.5% to 6.5% (including closed acquisitions) Organic sales growth of 3.5% to 4.5% (previ
Slide 9: 2017 EPS Guidance
2017 EPS Guidance Previous Updated Reported EPS $4.10 — $4.30 $4.20 - $4.35 Add Back: Est. restructuring costs and other items ~$0.20 ~$0.30 Adjusted EPS (non-GAAP) $4.30 - $4.50 $4.50 - $4.65 Contributing Factors to 2017 Results ‘© Reported net sales change of 4.5% to 5.5% © Sales change ex. curren
Slide 10: Avery Dennison
A AVERY DENNISON Sa hay Denn Cpt Ali mere