Masco Corporation · NYSE:MAS
Masco — Deutsche Bank 9th Annual Global Industrials & Basic Materials Conference 2018
10 slides from Masco's conference presentation, June 2018
Slide 1: Deutsche Bank 9th Annual Global Industrials and Basic Materials Conference
Deutsche Bank 9th Annual Global Industrials and Basic Materials Conference John Sznewajs, Chief Financial Officer June 2018
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains statements that reflect our views about our future performance and constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “outlook,” “believe,”
Slide 3: 2017 Segment Mix
2017 Segment Mix* R&R = % of sales to repair and remodel channels NC = % of sales to new construction channels NA = % of sales within North America Int’l = % of sales outside North America * Based on Company estimates 3
Slide 4: Market Leading Brands
Market Leading Brands MASCO @ HotSpring see what Delta can do~
Slide 5: Innovation Leadership Sustains Growth
Innovation Leadership Sustains Growth Examples of New Products / Technologies – 2014-2017 Delta® Temp2O® Delta Zura® 2017 Showerhead Pendant Shower Revenues Hansgrohe Behr Marquee® Brizo® Behr Granite SelectTM LitzeTM GripTM Coating 75% Collection Coating Collection Existing 25%* Products Behr Kraft
Slide 6: Diversified Business Mix Results in More Stable Revenues
Diversified Business Mix Results in More Stable Revenues Segments* Price Points Channels New Low ticket value ~$20 Big box retail construction 16% Repair / Wholesale / trade remodel 84% Direct-to-builder International High ticket luxury ~$20K 21% E-commerce N. America 79% Specialty dealers * Based o
Slide 7: Fundamentals Support Continued Steady Growth
Fundamentals Support Continued Steady Growth 5 4 International Growth 3 Household Formation 2 Housing Turnover 1 Home Price Appreciation Age of U.S. Housing Stock 7
Slide 8: Positioned to Outperform
Positioned to Outperform Growing industry with great macro fundamentals + 2019 CAGR Strong foundation to sustain and improve Targets performance ~5% Revenue + ~9% Operating Profit ~23% EPS Credible, proven plan for profitable growth + Strong cash flow generation and capital management driving value
Slide 9: Strategy Generates Substantial Cash Flow
FUTURE OUTLOOK Strategy Generates Substantial Cash Flow Dividends2 ~$550M Acquisitions & Cash share repurchase Flow of ~$1,700M ~$2.9B Investing in 2017-20191 the business3 ~$650M 1. Expected cash from operations from 2017-2019; reflects the impact of US tax reform which is generally effective in 20
Slide 10: Q&A
Q&A
Masco — Deutsche Bank 9th Annual Global Industrials & Basic Materials Conference 2018 on 6ix