Myers Industries, Inc. · NYSE:MYE
Myers Industries — Q2 2013 Earnings Presentation
15 slides from Myers Industries's earnings presentation, Jul 18, 2013
Slide 1: Earnings Presentation Second Quarter 2013
Earnings Presentation Second Quarter 2013 July 18, 2013 Exhibit 99.2
Slide 2: Safe Harbor Statement
Safe Harbor Statement 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
Slide 3: Lawn & Garden Restructuring: 2012 Adjusted EBIT
$3.5 $3.5 $3.5 $5.0 $5.0 $8.0 Lawn & Garden Restructuring $- $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 $16.0 $18.0 2012 Adj. EBIT* 2012 Adj. EBIT* with Phase 1 2012 Adj. EBIT* with Phases 1&2 Lawn & Garden Pro Forma EBIT Phase 2 Benefits Phase 1 Benefits 2012 Adjusted Earnings Before Income Taxes (EBIT)
Slide 4: Second Quarter 2013 Financial Summary
Second Quarter 2013 Financial Summary Q2 Q2 Highlights B/(W) Net sales $204.0 $181.1 12.7% Gross margin 27.3% 26.2% 4.2% SG&A $42.7 $37.4 -14.1% Net income - adjusted* $8.4 $5.7 47.9% Effective tax rate 30.8% 36.7% EPS - adjusted* $0.25 $0.17 47.1% *See 2013 Reconciliation of Non-GAAP measures on sl
Slide 5: Slide 5
Slide 6: Segment Review – Material Handling
Segment Review – Material Handling Q2 Results • Net sales increased 39% as a result of the Novel & Jamco acquisitions and organic growth • The increased sales led to the higher adjusted EBIT year-over-year $ Millions See 2013 Reconciliation of Non-GAAP measures on slide 13 $9.2 $11.0 $6 $9 $12 Q2 20
Slide 7: Segment Review – Lawn & Garden
Segment Review – Lawn & Garden Q2 Results • Decreased volumes at the big box retailers contributed to the decline in sales • Productivity and material cost savings drove the significant increase in adjusted EBIT $ Millions See 2013 Reconciliation of Non-GAAP measures on slide 13 $42.5 $40.9 $39 $42
Slide 8: Segment Review – Distribution
Segment Review – Distribution Q2 Results • New product and increased equipment sales leading to market share gains resulted in year-over- year sales improvement despite a continued slow replacement tire market • A less favorable product mix of equipment vs. supplies driven by the slow replacement ti
Slide 9: Segment Review – Engineered Products
Segment Review – Engineered Products Q2 Results • Strong marine and RV sales during the quarter were offset by lower custom sales compared to last year • Productivity improvements and a favorable product mix more than offset the lower sales $ Millions See 2013 Reconciliation of Non-GAAP measures on
Slide 10: Second Half 2013 Outlook
Second Half 2013 Outlook Second Half Outlook • Material Handling • Second half results will benefit from the 2012 acquisitions and organic growth • Lawn & Garden • Expect results to continue to improve year-over-year driven by new products, cost reductions, material substitutions and restructuring p
Slide 11: Appendix
Appendix
Slide 12: 2012 Measures
2012 Reconciliation of Non-GAAP Measures
Slide 13: 2013 Measures
2013 Reconciliation of Non-GAAP Measures
Slide 14: Market indicators by segment
Material Handling MHEM index: ‘Source: Meteril Mending inks ay 2013 Forest Distribution Iles Deiven Replacement Tire Shipments, milla Gasoline Sales Lawn & Garden Housing Starts ConsumerSentiment ‘Source: Nationa Associsionof Home ules (NAMB) May 2013; Thomson Reersinivesy of Micigen June 2013 Engin
Slide 15: Myers Industries, Inc.: Helping Customers Grow!
MYERS INDUSTRIES, INC: Helping Customers Grow!