Myers Industries, Inc. · NYSE:MYE
Myers Industries — Investor Presentation (May 2012)
23 slides from Myers Industries's investor presentation, May 2012
Slide 1: Strengthened Foundation. Strong Results.
Strengthened Foundation. Strong Results. May 2012 Investor Presentation MYERS INDUSTRIES, INC.
Slide 2: Forward-looking statements
Statements in this presentation concerning the Company’s goals, strategies, and expectations for business and financial results may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on current indicators and expectations. Wheneve
Slide 3: Company at a Glance
company at a Glance » NYSE: MYE = Founded in 1933 = Headquartered in Akron, Ohio = Diversified International manufacturer of polymer products and wholesale distributor that operates in four segments: Material Handling Distribution Lawn & Garden Engineered Products
Slide 4: Business Segments
Business Seqments AKRO-MILS 23BUCKHORN' 324 MYERS a ¢ > PLANTS AKRO-MILS™ PRIDE areas The most recognized brands for Plastic Reusable Containers Leading brands for plastic G ‘ = .: Hh & Pallets. Agriculture / Seed a Systems © Greenhouse Growers reusable Leste sn ante Sotige this & Syetane ° Beverage
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Slide 8: Gross Margin Expansion
Gross Margin Expansion 35.0% 30.0% 25.0% 24.9% 25.0% : 22.1% 22.2% 20.0% — 19.3% 15.0% 10.0% 5.0% 0.0% 2009 2010 2009 2010 20102011 2010 2011 2010 2011 20102011 20112012 Sept Dec March June Sept Dec March Resin cost ear over year 19% 19% 13% 18% 21% 2% -4% Innovation, Operations Excellence and Organ
Slide 9: Free Cash Flow Generation
Free Cash Flow Generation S(Millions) $120 $100 $80 $60 $40 $20 $0 2000 2001 2002 2003 2004 #2005 2006 2007 2008 +2009 2010 2011 @ Capital Expenditures & Free Cash Flow Notes: 1) Free cash flow calculated as cash flow from continuing operations less capital expenditures. Flexible Balance Sheet
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Slide 11: Strong Balance Sheet Providing Flexibility
Strong Balance Sheet Providing Flexibility $350 $300 $250 $200 $150 $100 $50 $0 0 42% 40% 4 29% 28% 6%) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 ME Debt (S Millions) =i Debt to Capital 70% 60% 50% 40% 30% 20% 10% 0% Note: 1) Debt-to-Capital ratio calculated as debt/(debt+equity).
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Slide 13: 2012 Objectives
2012 Objectives Q = Target 5% of total sales in 2012 to come from new products/solutions introduced in the last three years Q = Incur $2.5 million in IT expenditures to modernize tools and capabilities Q = Increase capital expenditures to $30 million UO) Growth capital of approximately 50% Q Continu
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Slide 15: Appendix
Appendix MYERS INDUSTRIES, INC.
Slide 16: Financial objectives
Q Generate returns above cost-of-capital Q Produce strong free cash flow Q Achieve organic growth > 1.5x GDP Q Target a5% reduction in COGS each year Q Maintain strong financial position Q Balanced approach to capital allocation including returning cash to shareholders 16
Slide 17: Positioned for Growth & Stakeholder Value Creation
Positioned for Growth & Stakeholder Value Creation = Focused strategy = Customer Dedication = Innovation = Operations Excellence Organization Development Financial Strength = Improving gross margins, earnings, cash flow, and returns # Strong flexible balance sheet = Balanced approach to use of capit
Slide 18: Macroeconomic Indicators: Material Handling
Macroeconomic Indicators Material Handling MHEM (Material Handling Equipment) Index Material Handling Index 40.0 30.0 20.0 10.0 0.0 (10.0) (20.0) (30.0) (40.0) Annual Rate of Change (%) —— Shipments — Orders Source: Material Handling Industry of America, April 2012 18
Slide 19: Macroeconomic Indicators: Lawn & Garden
Macroeconomic Indicators Lawn & Garden NAHB Housing Starts; Consumer Spending Indices NAHB Housing Forecast Consumer Sentiment 2,500 49.0 30.0 a » 3 2,000 20.0 = & 10.0 < .! = 1,500 % $ 2 00 a & ~ 1,000 — = (10.0) & § Fy = (20.0) x 500 < (30.0) = 0 : 1 1 os — (40.0) + — —— © SN DD DY MD HO ON VD WO
Slide 20: Macroeconomic Indicators: Distribution
Macroeconomic Indicators Distribution Replacement Tire Shipments; Miles Driven; Fuel Prices 8.00% A 6.00% 4.00% 7 sinnas Riese ene te eee A 0.00% + ee = \ . i an : Z ' 2002 2003 2004 = (2005 2008 ooo \. 2008 song. 2o10 dg 2012 -2.00% 7 \y, 7 r -4.00% ZL -6.00% y sf 8.00% —+— Miles Driven (B) —s=— Re
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Slide 22: Evolution of the Portfolio
Evolution of the Portfolio Evolution of the Myers Industries Business Portfolio Key Organic Growth & Primary Acquisitions > <i Distribution Manufacturing Core Business Operations Begin > <a, a Secondary Acquisitions & Current Business Segments/Units Bolt-On Expansions > <e Akro-Mils Lawn & ) Garden
Slide 23: Myers Industries, Inc.
MYERS INDUSTRIES, INC.