O-i Glass, Inc. · NYSE:OI
O-i Glass — Owens Illinois — Q2 2008 Earnings Presentation
10 slides from O-i Glass's earnings presentation, Jul 31, 2008
Slide 1: O-I Additional Information 2nd Quarter ended June 30, 2008
O-I Additional Information 2nd Quarter ended June 30, 2008
Slide 2: Second Quarter 2008 Highlights
July 31, 2008 2Q 2008 Additional Information 1 Second Quarter 2008 Highlights • Successful investors day event in New York • Retired $250 million senior notes • New Treasurer on board – Mike Gannon • Highest quarterly EPS since the 1991 IPO
Slide 3: Reconciliation of GAAP to non-GAAP Items 2nd Quarter 2008 and 2007
July 31, 2008 2Q 2008 Additional Information 2 Reconciliation of GAAP to non-GAAP Items 2nd Quarter 2008 and 2nd Quarter 2007 $ Millions, except per share amounts Earnings EPS Earnings EPS Net earnings 231.3 $ 1.35 $ 149.7 $ 0.89 $ Add loss from discontinued operations 4.1 0.03 Less gain on sale of
Slide 4: Reconciliation of GAAP to non-GAAP Items 1st Half 2008 and 2007
July 31, 2008 2Q 2008 Additional Information 3 Reconciliation of GAAP to non-GAAP Items 1st Half 2008 and 1st Half 2007 $ Millions, except per share amounts Earnings EPS Earnings EPS Net earnings 409.4 $ 2.40 $ 202.9 $ 1.22 $ Add loss from discontinued operations 6.2 0.04 Less gain on sale of discon
Slide 5: Net Sales Reconciliation
July 31, 2008 2Q 2008 Additional Information 4 Net Sales Reconciliation $ Millions 1Q 2Q 1H 2007 segment sales 1,668 $ 1,957 $ 3,625 $ Sales volume (49) (124) (173) Price and product mix 119 154 273 Currency translation 186 201 387 Total reconciling items 256 231 487 2008 segment sales 1,924 2,188 4
Slide 6: Segment Operating Profit Reconciliation
July 31, 2008 2Q 2008 Additional Information 5 Segment Operating Profit Reconciliation $ Millions 1Q 2Q 1H 2007 Segment Operating Profit 210 $ 298 $ 508 $ Sales volume (12) (30) (42) Price and product mix 119 154 273 Manufacturing and delivery (55) (97) (152) Operating expenses (0) (5) (5) Currency
Slide 7: EPS Reconciliation
July 31, 2008 2Q 2008 Additional Information 6 EPS Reconciliation 1Q 2Q 1H 0.31 $ 0.84 $ 1.18 $ Sales volume (0.05) (0.13) (0.18) Price and product mix 0.48 0.69 1.17 Manufacturing and delivery (0.23) (0.43) (0.66) Operating expenses 0.00 (0.02) (0.02) Retained corporate costs & other 0.12 0.06 0.18
Slide 8: Free Cash Flow
July 31, 2008 2Q 2008 Additional Information 7 Free Cash Flow 1 Free Cash flow equals cash provided by continuing operating activities less capital spending for continuing operations. 2Q 08 2Q 07 $ Millions 1H 08 1H 07 231.3 $ 149.7 $ Net earnings 409.4 $ 202.9 $ (3.8) 4.1 (Loss) / gain from discont
Slide 9: Reportable Segment Results
July 31, 2008 2Q 2008 Additional Information 8 Reportable Segment Results ¹ Amounts by segment from Note 21 to the 2007 financial statements (pgs. 92-93 of Form 10K) are presented in this table on a quarterly basis for historical reference. 2008 $ Millions 2Q 1Q 2Q 3Q 4Q Total1 Net Sales Europe 1,04
Slide 10: Two Major Currencies v USD
July 31, 2008 2Q 2008 Additional Information 9 Two Major Currencies v USD AUD v USD $0.70 $0.80 $0.90 $1.00 4Q 1Q 2Q 3Q 4Q 2006 2007 2008 EUR v USD $1.15 $1.30 $1.45 $1.60 4Q 1Q 2Q 3Q 4Q 2006 2007 2008 FX Translation Impact on Segment Operating Profit and Sales 2007 $ Millions 1Q 2Q 3Q 4Q Year 1Q 2Q