Worthington Enterprises, Inc. · NYSE:WOR
Worthington Enterprises — Worthington Industries — Jefferies 2019 Global Industrials Conference
15 slides from Worthington Enterprises's conference presentation, Aug 8, 2019
Slide 1: Worthington Industries - Jefferies Industrials Conference
4 WORTHINGTON INDUSTRIES MAKERS WORTHINGTON INDUSTRIES JOE HAYEK - VP & CFO _ JEFFERIES INDUSTRIALS CONFERENCE AUGUST 08, 2019
Slide 2: Vision
VISION To be the TRANSFORMATIVE PARTNER for our customers, a POSITIVE FORCE in our communities and earn EXCEPTIONAL RETURNS. 2
Slide 3: Worthington Industries Overview
WORTHINGTON INDUSTRIES OVERVIEW Leading Industrial Manufacturing Domestic leader in flat rolled steel processing Global leader in pressure cylinders Industrial Products Consumer Products Oil & Gas Equipment Domestic leader in operator cabs for heavy equipment Leader in suspension ceili
Slide 4: Value Drivers & Enablers
BUSINESS STRATEGY VALUE DRIVERS & ENABLERS 4
Slide 5: Three Complementary Value Drivers Are Well Established
THREE COMPLEMENTARY VALUE DRIVERS ARE WELL ESTABLISHED Measure performance and New Product Development Market Leading Targets align incentives to drive: - Product Design & Engineering - Increase exposure to attractive - Data-driven decisions - Customer & Market Research end markets - Goals tha
Slide 6: Leveraging Our Core Competency as a Diversified Metals Manufacturer
LEVERAGING OUR CORE COMPETENCY AS A DIVERSIFIED METALS MANUFACTURER Business Strategy Operate and grow market leading businesses Measure and improve the profitability of our businesses via Transformation and LEAN Acquire higher margin, high cash return businesses Use innovation and new produ
Slide 7: Growth Through Acquisition
GROWTH THROUGH ACQUISITION 7
Slide 8: Balanced Capital Allocation Strategy
BALANCED CAPITAL ALLOCATION STRATEGY Strong cash flows and significant liquidity support balanced approach to capital allocation focused on growth and rewarding shareholders Reinvest in the business to create value and Capital support growth Over $3.1 billion of capital deployed FY 2009 to FY 2019
Slide 9: Market Leader in Key End Markets
MARKET LEADER IN KEY END MARKETS BASED ON FY2019 RESULTS 9
Slide 10: FY 2019 Net Sales and Operating/Equity Income
FY 2019 NET SALES: $4.488 MILLION (INCLUDING JV OWNERSHIP %) Operating/Equity Income : $239 million (1) FY 2019 END-MARKETS NET SALES* FY 2019 OPERATING/EQUITY INCOME(1) excludes Restructuring and Impairment Automotive 14% Construction 10% Steel Industrial 5% 26% 17% Cylinders Consumer Products 4% 3
Slide 11: Consolidated Results
CONSOLIDATED RESULTS $ millions, except EPS FY2017 FY2018 FY2019 Sales $3,014 $3,582 $3,760 Adjusted EBITDA* $407 $397 $330 % of sales 13.5% 11.1% 8.8% Operating Income* $220 $195 $142 % of sales 7.3% 5.5% 3.8% EPS* $3.22 $3.05 $2.60 EPS** (excluding inventory holding gains/losses) $2.97 $2.87 $2.66
Slide 12: Successful Joint Ventures
SUCCESSFUL JOINT VENTURES JVs managed to produce regular cash dividends that closely approximate earnings • Successful JV portfolio built with trusted partners who help make a business better versus the alternative of going solo Primarily serving automotive and construction end markets • JVs managed
Slide 13: Investment Highlights
INVESTMENT HIGHLIGHTS We are a market leader in metals related industrial manufacturing We have the tools in place to grow and improve margins Expanding offerings in higher margin, consumer and industrial products Innovation and Transformation 2.0 with LEAN are accelerating success Advanced pr
Slide 14: Questions
QUESTIONS 14
Slide 15: Contact
CONTACT Marcus A. Rogier Safe Harbor Statement Treasurer & Investor Relations Officer Worthington Industries wishes to take advantage of the 614.840.4663 Safe Harbor provisions included in the Private Securities Marcus.Rogier@WorthingtonIndustries.com Litigation Reform Act of 1995 (the “Act"). State
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