Sherwin-williams Company (the) · NYSE:SHW

Sherwin-williams Company (the) — The Sherwin-Williams Company — Q1 2023 Earnings Presentation

14 slides from Sherwin-williams Company (the)'s earnings presentation, Apr 25, 2023

  1. Slide 1: 1Q 2023 Results

    1Q 2023 Results April 25, 2023

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This presentation contains certain “forward-looking statements,” as defined under U.S. federal securities laws. These statements can be identified by the use of forward-looking terminology such as “believe,” “expect,” “may,” “will,” “should,” “project,” “could,” “plan,” “g

  3. Slide 3: 1Q 2023 Financial Performance Highlights

    1Q 2023 Financial Performance Highlights ($ in millions, 1Q 2023 1Q 2022 % Change  Sales increased 8.9% including effective pricing and a except per share data) low-single-digit contribution from acquisitions, partially offset by a low-single-digit volume decline and a low- Sales $5,442.4 $4,998.7

  4. Slide 4: Paint Stores Group (PSG)

    Paint Stores Group (PSG)  Sales increased 14.8% driven by high-single-digit volume growth  Double-digit percentage growth in all end markets – Growth led by Protective & Marine, Property Maintenance, Commercial and Residential Repaint  Segment margin increased 120 basis points to 18.4% of sales d

  5. Slide 5: Consumer Brands Group (CBG)

    Consumer Brands Group (CBG)  Sales increased 2.4% with effective pricing, partially offset by a mid-single-digit volume decline and a low-single-digit headwind from FX – Strong growth in North America Pros Who Paint category offset by softer DIY demand – Strong double-digit growth in Latin America

  6. Slide 6: Performance Coatings Group (PCG)

    Performance Coatings Group (PCG)  Sales increased 3.4% including effective pricing and a mid-single digit contribution from acquisitions, partially offset by a low-teens volume decline and a low-single- digit FX headwind  Low-double-digit growth in Latin America, high-single-digit growth in North

  7. Slide 7: Guidance

    Guidance Second Quarter 2023 Full Year 2023 Sales Sales  Up or down low-single-digit percentage  Flat to down mid-single-digit percentage  Foreign Exchange: down low-single-digit percentage  Foreign Exchange: -2.0%  Segments  Segments  PSG: up or down low-single-digit percentage  PSG: up mid

  8. Slide 8: Strong Financial Position

    Strong Financial Position Operating Cash Flow ($ in millions) Near Term Debt Maturities (1) ($ in millions) $88.2 $1,619 $1,100 $1,050 $26.3 $350 1Q 2023 1Q 2022 2023 2024 2025 2026 2027 Cash & Liquidity Position ($ in millions) Selected Financial Ratios 3/31/2023 3/31/2023 Cash $151.4 Total Debt /

  9. Slide 9: Appendix

    a * SHERWIN-WILLIAMS.

  10. Slide 10: Debt Summary (as of March 31, 2023)

    Debt Summary (as of March 31, 2023) Q1 2023 Balance Int. Rate Short-Term: Domestic 1,452.3 5.10% Maturities of Long-Term Debt Non-Domestic: 29.0 3.65% $1,619 Total Short-Term Borrowings 1,481.3 5.07% Long-Term: USD EUR (1) 7-year, 3.125% notes due 2024 500.0 1.39% $1,250 2-year, 4.05% notes due (2)

  11. Slide 11: Adjustments to Segment Profit

    Adjustments to Segment Profit Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Performance Performance Paint Stores Consumer Coatings Paint Stores Consumer Coatings ($ in millions) Group Brands Group Group Admin Consolidated Group Brands Group Group Admin Consolidated Net external

  12. Slide 12: Regulation G Reconciliation: Adjusted EPS and EBITDA

    Regulation G Reconciliation: Adjusted EPS and EBITDA Three Months Ended Three Months Ended March 31, 2023 March 31, 2022 Tax After- Tax After- Pre-Tax Effect (1) Tax Pre-Tax Effect (1) Tax Diluted net income per share $ 1.84 $ 1.41 Restructuring - - - - - - Total other adjustments $ - $ - $ - $ - $

  13. Slide 13: Latin America Realignment Reconciliation: 2022

    Latin America Realignment Reconciliation: 2022 Consumer Brands Group (excluding Latin America) Consumer Brands Group (including Latin America) ($ in millions) 1Q 2Q 3Q 4Q FY 2022 1Q 2Q 3Q 4Q FY 2022 Net external sales $ 699.4 $ 737.9 $ 701.9 $ 551.5 $ 2,690.7 $ 852.2 $ 900.0 $ 890.6 $ 745.6 $ 3,388.

  14. Slide 14: Latin America Realignment Reconciliation: 2021

    Latin America Realignment Reconciliation: 2021 Consumer Brands Group (excluding Latin America) Consumer Brands Group (including Latin America) ($ in millions) 1Q 2Q 3Q 4Q FY 2021 1Q 2Q 3Q 4Q FY 2021 Net external sales $ 778.1 $ 731.5 $ 646.7 $ 565.3 $ 2,721.6 $ 908.6 $ 869.3 $ 803.6 $ 740.9 $ 3,322.

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