Ccl Industries Inc. Class A · TSX:CCL.A
Ccl Industries Inc. Class A — Q4 2003 Earnings Presentation
18 slides from Ccl Industries Inc. Class A's earnings presentation, Feb 19, 2004
Slide 1: Investor Update: Fourth Quarter 2003 Review
http://www.cclind.com/corp_investor_2003q4.html CCL INDUSTRIES INC. Investor Update Fourth Quarter 2003 Review Thursday, February 19, 2004 Disclaimer Any forward-looking statements contained in this presentation involve risks, uncertainties and assumptions and should not be taken as guarantees of fu
Slide 2: Statement of Earnings - Three Months Ended December 31st
http://www.cclind.com/corp_investor_2003q4.html CCL INDUSTRIES INC. Statement of Earnings Three Months Ended December 31st (Millions of Cdn $, except per share data) Net of FX & 2003 2002 Change divestitures 1) Sales $ 346.7 $ 406.1 (14.6%) +3% EBITDA 37.2 43.5 (14.5%) Depreciation, and amortization
Slide 3: Statement of Earnings - Years Ended December 31st
http://www.cclind.com/corp_investor_2003q4.html CCL INDUSTRIES INC. Statement of Earnings Years Ended December 31st (Millions of Cdn $, except per share data) Net of FX & 2003 2002 Change divestitures 1) Sales $ 1,518.4 $ 1,684.9 (9.9%) 0% EBITDA 168.8 184.1 (8.3%) Depreciation, and amortization of
Slide 4: 2003 - Earnings Per Class B Share
http://www.cclind.com/corp_investor_2003q4.html CCL INDUSTRIES INC. 2003 - Earnings Per Class B Share Q4 Total 2003 Year 2003 Before Unusual Items $ 0.41 $ 1.80 Foreign exchange gain on repatriation of capital - +0.02 Grimsby disposition costs (U.K.) (0.01) (0.04) "Series 400" closure restructuring
Slide 5: Impact of Changes in Exchange Rates
http://www.cclind.com/corp_investor_2003q4.html CCL INDUSTRIES INC. Impact of Changes in Exchange Rates 2003 - 2004 Currency Translation: 2003 – Negative effect of U.S. dollar (down 11% on average); partly offset by European currency strength 2004 – Assume U.S. dollar averages $1.33 vs. $1.40 in 200
Slide 6: Balance Sheet
http://www.cclind.com/corp_investor_2003q4.html CCL INDUSTRIES INC. Balance Sheet As At December 31st (Millions of Cdn $, except Book Value per Share) 2003 2002 Change Net working capital (receivables, inventory, prepaids, payables and accruals) $ 56.9 $ 97.8 (41.8%) Capital assets (net) $ 442.8 $ 5
Slide 7: Debt Summary
http://www.cclind.com/corp_investor_2003q4.html CCL INDUSTRIES INC. Debt Summary As At December 31st (Millions of Cdn $) Decrease 2003 2002 (Increase) Bank advances $ 7.5 $ 0.4 $ (7.1) Long-term debt - senior notes (2003 - $314.3 MM U.S., 2002 - $323.6 MM U.S.) 407.4 510.5 103.1 Long-term debt - all
Slide 8: Cash Flow Highlights
http://www.cclind.com/corp_investor_2003q4.html CCL INDUSTRIES INC. Cash Flow Highlights Years Ended December 31st (Millions of Cdn $) Inflows: 2003 2002 Net earnings $ 53.0 $ 21.8 Depreciation, & amortization of other assets 67.4 75.8 Future income taxes 8.0 4.7 Unusual items 4.3 36.9 Gross Cash In
Slide 9: Capital Spending Highlights
http://www.cclind.com/corp_investor_2003q4.html CCL INDUSTRIES INC. Capital Spending Highlights Years Ended December 31st, 2003 (Millions of Cdn $) Capital Divisions Spending Depreciation Difference Major Investment Projects Custom Manufacturing $ 29.1 $ 19.2 $ 9.9 Danville line upgrade $ 2.2 UK con
Slide 10: Income From Operations
http://www.cclind.com/corp_investor_2003q4.html CCL INDUSTRIES INC. Income From Operations Years Ended December 31st (Millions of Cdn $) Excl. FX & 2003 2002 Change Divestitures Custom Manufacturing $ 44.1 $ 54.5 (19.1%) (16.4%) Container 31.3 29.7 +5.4% +26.1% Label 35.1 32.6 +7.7% +16.9% 110.5 116
Slide 11: Custom Manufacturing - Fourth Quarters
http://www.cclind.com/corp_investor_2003q4.html Custom Manufacturing Fourth Quarters Ended December 31st Excl. FX & (in millions of Cdn dollars) 2003 2002 % Divestitures 1) Sales $ 185.3 $ 220.2 (15.8%) (6.7%) Operating Income $ 11.3 $ 12.0 (5.8%) +1.7% Return on Sales 6.1% 5.4% Return on Service Re
Slide 12: Custom Manufacturing - Full Year
http://www.cclind.com/corp_investor_2003q4.html Custom Manufacturing Years Ended December 31st Excl. FX & (in millions of Cdn dollars) 2003 2002 % Divestitures 1) Sales $ 801.0 $ 919.4 (12.9%) (6.8%) Operating Income $ 44.1 $ 54.5 (19.1%) (16.4%) Return on Sales 5.5% 5.9% Return on Service Revenue 1
Slide 13: Custom Manufacturing Unit Volume
Custom Manufacturing http://www.cclind.com/corp_investor_2003q4.html Unit Volume - Millions Fourth Quarters Ended December 31st 4TH QUARTER FULL YEAR 2003 2002 2003 2002 ACT ACT Change ACT ACT Change Aerosol / sticks - North America 106.1 112.6 (5.8%) 421.8 447.6 (5.8%) Liquid - North America 72.4 8
Slide 14: Container - Fourth Quarters
http://www.cclind.com/corp_investor_2003q4.html Container Fourth Quarters Ended December 31st Excl. FX & (in millions of Cdn dollars) 2003 2002 % Divestitures 1) Sales $ 47.9 $ 86.3 (44.5%) (3.1%) Operating Income $ 4.0 $ 7.2 (44.4%) (8.9%) Return on Sales 8.4% 8.3% EBITDA $ 7.9 $ 14.8 (46.6%) % of
Slide 15: Container - Full Year
http://www.cclind.com/corp_investor_2003q4.html Container Years Ended December 31st Excl. FX & (in millions of Cdn dollars) 2003 2002 % Divestitures 1) Sales $ 294.8 $ 351.2 (16.1%) +4.1% Operating Income $ 31.3 $ 29.7 +5.4% +26.1% Return on Sales 10.6% 8.5% EBITDA $ 53.5 $ 59.9 (10.7%) % of Sales 1
Slide 16: Container Actual Unit Volume Comparison
http://www.cclind.com/corp_investor_2003q4.html Container Actual Unit Volume Comparison Q4 2003 Year 2003 Year 2002 vs. vs. vs. Q4 2002 Year 2002 Year 2001 Aerosol Cans & Beverage Bottles +12.3% +14.8% +2.6% Plastic Tubes (16.2%) (2.7%) +18.8% 16
Slide 17: Label - Fourth Quarters
http://www.cclind.com/corp_investor_2003q4.html Label Fourth Quarters Ended December 31st (in millions of Cdn dollars) 2003 2002 % Excl. FX 1) Sales $ 113.5 $ 99.6 +14.0% +27.4% Operating Income $ 9.2 $ 8.3 +10.8% +21.7% Return on Sales 8.1% 8.3% EBITDA $ 16.2 $ 14.0 +15.7% % of Sales 14.3% 14.1% 1)
Slide 18: Label - Full Year
http://www.cclind.com/corp_investor_2003q4.html Label Years Ended December 31st (in millions of Cdn dollars) 2003 2002 % Excl. FX 1) Sales $ 422.6 $ 414.3 +2.0% +10.7% Operating Income $ 35.1 $ 32.6 +7.7% +16.9% Return on Sales 8.3% 7.9% EBITDA $ 59.9 $ 57.0 +5.1% % of Sales 14.2% 13.8% 1) Excluding