Tredegar Corporation · NYSE:TG
Tredegar — Shareholder Meeting (May 2018)
30 slides from Tredegar's shareholder meeting presentation, May 7, 2018
Slide 1: 2018 Annual Meeting
ANNUALMEETING 2018 Exhibit 99.2
Slide 2: Forward Looking Statements & Non-GAAP Measures
2018 Annual Meeting Forward Looking Statements & Non-GAAP Measures 2 Certain statements contained in this presentation are forward-looking statements. Pursuant to federal securities regulations, we have set forth cautionary statements relating to those forward-looking statements in our Annual Report
Slide 3: Agenda
2018 Annual Meeting Agenda 3 Tredegar Financial ReportDrew Edwards, Vice President and Chief Financial OfficerUpdate on Surface ProtectionBapi DasGupta, President Surface ProtectionUpdate on Personal Care Steve Prince, President Personal CareConcluding RemarksJohn Gottwald, President and Chief Execu
Slide 4: Tredegar Financial Report
Tredegar Financial Report Drew EdwardsVice President and Chief Financial Officer
Slide 5: Bridge of Tredegar First Quarter 2017 to 2018 EPS from Ongoing Operations
2018 Annual Meeting Bridge of Tredegar First Quarter 2017 to 2018 EPS from Ongoing Operations 5 ($ Millions Except EPS Data)
Slide 6: Tredegar EPS from Ongoing Operations Since 2012
2018 Annual Meeting Tredegar EPS from Ongoing Operations Since 2012 6
Slide 7: Tredegar Debt, Net of Cash (Net Debt)
2018 Annual Meeting Tredegar Debt, Net of Cash (“Net Debt”) 7 ($ Millions)
Slide 8: Surface Protection
Surface Protection Bapi DasGuptaPresident Surface Protection
Slide 9: Surface Protection Introduction
2018 Annual Meeting Surface Protection Introduction 9 Leading provider of highly specialized films used to protect extremely sensitive surfaces of critical components, including optical films and specialty substrates in display devices (TVs, tablets, phones, etc.)Value Proposition – Improve yields a
Slide 10: Surface Protection Financial Performance
2018 Annual Meeting Surface Protection Financial Performance 10 Display industry = $185 billion; Projected 5-Year CAGR = 4-5%*; Industry is cyclicalSurface Protection 10 year sales CAGR in line with industry at 6% with record operating profit in 2017 *Source: IHS Display Long Term Demand Forecast Tr
Slide 11: Surface Protection Threats, Challenges and Countermeasures
2018 Annual Meeting Surface Protection Threats, Challenges and Countermeasures 11 RisksProduct substitution ($5 - $10 million operating profit exposure)Customer concentrationElectronics industry cyclicality and pricing pressure Proactively addressing threats & challenges Countermeasures Customer div
Slide 12: Surface Protection Growth Strategy
2018 Annual Meeting Surface Protection Growth Strategy 12
Slide 13: Surface Protection Growth Opportunities
2018 Annual Meeting Surface Protection Growth Opportunities 13 Growth opportunities driven by “Internet of Things” and demand for higher performance displays:Flexible displaysAutomotive displaysHigher performance mobile phone marketLarge screen displaysTouch screens Supported by robust product pipel
Slide 14: Personal Care
Personal Care Steve PrincePresident Personal Care
Slide 15: What Does Personal Care Do?
Feminine Care Products 2018 Annual Meeting What Does Personal Care Do? Our Areas of Focus: Acquisition Distribution Layer 15 We develop Topsheet, Acquisition Distribution Layer & Elastic Products for Feminine Care Pads, Diapers and Adult Incontinence Applications Elastics Adult Incontinence Under Ga
Slide 16: Personal Care Net Sales Trend
2018 Annual Meeting Personal Care Net Sales Trend 16
Slide 17: Personal Care R&D Spending to Drive Growth
2018 Annual Meeting Personal Care R&D Spending to Drive Growth 17
Slide 18: Personal Care Elastics Growth
2018 Annual Meeting Personal Care Elastics Growth 18 Now offering “zoned” elastic materialsExpecting continued growth in Elastics volumes in 2018New materials have captured new customers and applicationsBreathable elastic films and fabrics promoting quality of lifeInvesting $25 Million in North Amer
Slide 19: Personal Care Topsheet Strategy
2018 Annual Meeting Personal Care Topsheet Strategy 19 Successful launch of ADL for baby diapers in Latin America$14 million revenue in 2017Leverage win in Latin America to globally penetrate ADLs Solve our customers’ toughest problem: Grow market share with improved product performance at lower cos
Slide 20: Personal Care Acquisition Distribution Layer (ADL) Growth
2018 Annual Meeting Personal Care Acquisition Distribution Layer (ADL) Growth 20 Strategy: Deliver Unsurpassed Comfort, Fit and Dryness by Emphasizing our Hydroforming TechnologyExpect Two New Platforms to Launch in 2019Cottony soft films Laminate fabrics that deliver a best-in-class combination of
Slide 21: Personal Care Summary
2018 Annual Meeting Personal Care Summary 21 Personal Care Going Through a Total TransformationHistorical dependence on P&GStrategic Focus to Drive GrowthDiversifying our customer base Execute Elastics growth initiativesContinue to grow the ADL business with new productsDevelop and sell new Hydrofor
Slide 22: Concluding Remarks
Concluding Remarks John GottwaldPresident and Chief Executive Officer
Slide 23: Tredegar Rolling TTM EPS from Ongoing Operations Since Q4-14
2018 Annual Meeting Tredegar Rolling TTM EPS from Ongoing Operations Since Q4-14 23
Slide 24: Record Year in 2017
Record Year in 2017Strategic Focus:New ProductsNew Customers 2018 Annual Meeting Surface Protection 24
Slide 25: Personal Care Challenge: $70 Million Sales Decline on the Horizon
2018 Annual Meeting Personal Care Challenge 25 $70 Million Sales Decline on the Horizon
Slide 26: Personal Care Investment and Objective
Invest$35 Million Capital in Elastics$11 Million R&D Spending in 2017ObjectiveNew ProductsNew Customers 2018 Annual Meeting Answer 26
Slide 27: Questions
Tredegar as) f Questions ee
Slide 28: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations
Slide 29: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations 29
Slide 30: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations 30 3. The rolling quarterly trailing 12 months EPS from ongoing operations was computed using the quarterly reconciliations of US GAAP EPS to non-GAAP EPS from ongoing operations provided in the quarterly earnings press releases and "Operating Results by Segment" on