Myers Industries, Inc. · NYSE:MYE

Myers Industries — Q1 2016 Earnings Presentation

13 slides from Myers Industries's earnings presentation, May 2, 2016

  1. Slide 1: First Quarter Earnings Presentation

    Exhibit 99.2 MAY 2, 2016 | MYERSINDUSTRIES, INC. FIRSTQUARTER EARNINGS PRESENTATION

  2. Slide 2: Safe Harbor Statement

    SAFEHARBORSTATEMENT 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 e

  3. Slide 3: Q1 2016 Summary

    Q1 2016 SUMMARY Net sales $151.2M, a decrease of (3.3%) to prior year Organic (1.3%); currency (2.0%) In line with expectations Gross margin +260 basis points to 31.9% Lower input costs Operational improvements Product line rationalization Adjusted EPS from continuing operations +75% to $0.21 Free c

  4. Slide 4: Q1 Financial Summary

    Q1 FINANCIAL SUMMARY IN $MILLIONSEXCEPT EPSANDPERCENTAGES Q1 Q1 CONTINUING OPERATIONS 2015 2016 NETSALES $ 156.3 $ 151.2 (1.3)% ORGANIC GROSSPROFIT $ 45.8 $ 48.2 GROSSMARGIN 29.3% 31.9% +260 BPS ADJ. SG&A $ 37.2 $ 36.5 (1.9)% DECREASE ADJ.OPERATING INCOME $ 8.7 $ 11.7 OPERATING MARGIN 5.5% 7.7% +220

  5. Slide 5: Balance Sheet & Cash Flow

    BALANCE SHEET& CASHFLOW BALANCE SHEET WORKING CAPITAL AS A % OF SALES 03/31/15 03/31/16 Cash $ 3.7 $ 5.6 Debt 204.7 218.5 13.3% Net Debt $ 201.0 $ 212.9 Adjusted TTM EBITDA $ 68.1 $ 73.8 9.0% 9.3% Net Debt-to-Adj. EBITDA 2.9x 2.9x See appendix for reconciliations from GAAP to adjusted results CASH F

  6. Slide 6: Q1 2016 Segment Results

    Q1 2016 SEGMENT RESULTS $ Millions $ Millions $120 $112.3 $109.0 $18 $50 $4 $16.0 $44.1 $3.5 $16 $42.2 $100 $13.5 $40 $14 $3 $80 $12 $2.5 $10 $30 $60 $2 $8 $20 $40 $6 $4 $1 $20 $10 $2 $0 $0 $0 $0 Net Sales Adj. Op Income Net Sales Adj. Op Income Q1 2015 Q1 2016 Q1 2015 Q1 2016 MATERIAL HANDLING DIST

  7. Slide 7: 2016 Outlook

    2016 OUTLOOK PERCENT OF2015 SALES MYE 2016 GROWTH OUTLOOK Holding to prior outlook CONSUMER FY revenue expected to be flat to down low FLAT 12% single digits Q2 revenue expected to be down low to VEHICLE LOW mid-single digits; tough Q2 ‘15 comp 13% SINGLEDIGITS Revenue growth initiatives for each bu

  8. Slide 8: Appendix

    MYERS INDUSTRIES, INC. APPENDIX

  9. Slide 9: 2016 Key Assumptions

    2016 KEYASSUMPTIONS Capital expenditures: $17 -$22 million Interest expense: $9 -$10 million D&A: $35 -$37 million Effective tax rate (normalized): 36% 9

  10. Slide 10: Reconciliation of Non-GAAP Measures

    RECONCILIATION OFNON-GAAP MEASURES MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES CONSOLIDATED SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (UNAUDITED) (Dollars in thousands) Quarter Ended March 31, 2016 March 31, 2015 Selling, general and administrative expenses as reported $

  11. Slide 11: Reconciliation of Non-GAAP Measures

    RECONCILIATION OFNON-GAAP MEASURES MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES INCOME (LOSS) BEFORE TAXES BY SEGMENT (UNAUDITED) (Dollars in millions, except per share data) Quarter Ended March 31, 2016 2015 Material Handling Operating income as reported $ 7,441 $ 13,407 Ass

  12. Slide 12: Reconciliation of Non-GAAP Measures

    RECONCILIATION OFNON-GAAP MEASURES MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES COMBINED STATEMENTS OF INCOME (UNAUDITED) (Dollars in thousands) Quarter Ended TTM June 30, 2014 September 30, 2014 December 31, 2014 March 31, 2015 March 31, 2015 Operating Income as reported fro

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Myers Industries — Q1 2016 Earnings Presentation on 6ix