Ccl Industries Inc. Class A · TSX:CCL.A
Ccl Industries Inc. Class A — Q2 2005 Earnings Presentation
19 slides from Ccl Industries Inc. Class A's earnings presentation, Jul 29, 2005
Slide 1: Investor Update Second Quarter 2005 Review
Investor Update Second Quarter 2005 Review Friday, July 29, 2005 Disclaimer Any forward-looking statements contained in this presentation involve risks, uncertainties and assumptions and should not be taken as guarantees of future performance. Actual results could vary materially from those anticipa
Slide 2: Statement of Earnings for Continuing Operations (Second Quarters)
Statement of Earnings for Continuing Operations Second Quarters Ended June 30th (Millions of Cdn $, except per share data) Excludes Discontinued Operations - Custom Manufacturing North America sold May 17, 2005 Net of currency translation & 2005 2004 Change divestitures 1) Sales $ 280.1 $ 232.0 +20.
Slide 3: Statement of Earnings for Continuing Operations (Six Months)
Statement of Earnings for Continuing Operations Six Months Ended June 30th (Millions of Cdn $, except per share data) Excludes Discontinued Operations - Custom Manufacturing North America sold May 17, 2005 Net of currency translation & 2005 2004 Change divestitures 1) Sales $ 545.8 $ 472.7 +15.5% +2
Slide 4: Earnings per Class B Share
Earnings per Class B Share Periods Ended June 30th Second Quarter Six Months 2005 2004 2005 2004 From Continuing Operations * $ 0.16 $ 0.28 $ 0.66 $ 0.64 Net Loss from Unusual Items and Tax Benefit $ 0.35 $ - $ 0.35 $ - included in Continuing Operations From Discontinued Operations * $ 0.06 $ 0.09 $
Slide 5: Impact of Changes in Exchange Rates
Impact of Changes in Exchange Rates Currency Translation: 2004 – U.S. dollar averaged $1.30 vs. $1.40 in 2003 for the year (down 7%), partly offset by Euro strength ($1.62 average for the year) 2005 – U.S. dollar averaged $1.24 vs. $1.34 for the 6 months (down 8%) and Euro was $1.59 (down 3%) vs. la
Slide 6: Balance Sheet
Balance Sheet As At June 30th (Millions of Cdn $, except Book Value per Share) 2005 2004 Change Net working capital (receivables, inventory, prepaids, payables and accruals) $ 57.5 $ 88.2 (34.8%) Capital assets (net) $ 479.8 $ 468.5 +2.4% Intangible assets & goodwill $ 351.2 $ 319.4 +10.0% Total ass
Slide 7: Debt Summary
Debt Summary As At June 30th (Millions of Cdn $) Increase 2005 2004 (Decrease) Bank advances $ 10.2 $ 10.3 $ (0.1) Long-term debt - senior notes (2005 - $304.9 MM U.S., 2004 - $314.3 MM U.S.) 373.6 419.2 (45.6) Long-term debt - all other 49.9 10.1 39.8 Total debt 433.7 439.6 (5.9) Cash and cash equi
Slide 8: Cash Flow Highlights
Cash Flow Highlights Six Months Ended June 30th (Millions of Cdn $) Inflows: 2005 2004 Net earnings from continuing operations (includes unusual items) $ 21.2 $ 20.6 Depreciation and amortization (continuing) 31.7 27.1 Stock-based compensation 0.1 0.1 Future income taxes 2.7 2.9 Unusual items 15.4 -
Slide 9: Capital Spending Highlights
Capital Spending Highlights Six Months Ended June 30th, 2005 (Millions of Cdn $) Includes Discontinued Operations Capital Divisions Spending Depreciation Difference Major Investment Projects Custom Manufacturing $ 6.8 $ 7.9 $ (1.1) & ColepCCL Container 19.7 8.7 11.0 Penetang, ON (2 new Aerosol lines
Slide 10: Income From Operations for Continuing Operations (Second Quarters)
Income From Operations for Continuing Operations Second Quarters Ended June 30th (Millions of Cdn $) Excl. currency translation, transactions & 2005 2004 Change divestitures ColepCCL / Custom Manufacturing Europe $ 4.1 $ 2.0 +105.0% +149.7% Container 7.1 5.0 +42.0% +64.7% Label 19.3 12.4 +55.6% +68.
Slide 11: Income From Operations for Continuing Operations (Six Months)
Income From Operations for Continuing Operations Six Months Ended June 30th (Millions of Cdn $) Excl. currency translation, transactions & 2005 2004 Change divestitures ColepCCL / Custom Manufacturing Europe $ 9.5 $ 4.8 +97.9% +138.6% Container 13.3 9.0 +47.8% +70.0% Label 38.4 28.6 +34.3% +45.6% 61
Slide 12: Discontinued Operations - Custom Manufacturing (NA)
Discontinued Operations - Custom Manufacturing (NA) Periods Ended June 30th Quarter to date Year to date (in millions of Cdn dollars) 2005 * 2004 % 2005 * 2004 % Sales $ 83.0 $ 145.4 (42.9%) $ 246.8 $ 294.8 (16.3%) Operating Income $ 2.8 $ 4.9 (42.9%) $ 8.9 $ 10.6 (16.0%) Return on Sales 3.4% 3.4% 3
Slide 13: ColepCCL
ColepCCL Second Quarters Ended June 30th Custom ColepCCL Europe (in millions of Cdn dollars) 2005 2004 % 1) Sales $ 47.9 $ 46.9 2.1% Operating Income $ 4.1 $ 2.0 105.0% Return on Sales 8.6% 4.3% EBITDA $ 6.1 $ 3.1 96.8% % of Sales 12.7% 6.6% 1) ColepCCL sales at 40% were up 2% for the quarter compar
Slide 14: ColepCCL
ColepCCL Six Months Ended June 30th Custom ColepCCL Europe (in millions of Cdn dollars) 2005 2004 % 1) Sales $ 99.2 $ 100.8 (1.6%) Operating Income $ 9.5 $ 4.8 97.9% Return on Sales 9.6% 4.8% EBITDA $ 13.7 $ 7.1 93.0% % of Sales 13.8% 7.0% 1) ColepCCL sales at 40% were down 2% for the six months com
Slide 15: Container
Container Second Quarters Ended June 30th Excl. currency translation & (in millions of Cdn dollars) 2005 2004 % transactions 1) Sales $ 65.0 $ 55.2 17.8% +25.1% Operating Income $ 7.1 $ 5.0 42.0% +64.7% Return on Sales 10.9% 9.1% EBITDA $ 11.7 $ 9.6 21.9% % of Sales 18.0% 17.4% 1) Excluding foreign
Slide 16: Container
Container Six Months Ended June 30th Excl. currency translation & (in millions of Cdn dollars) 2005 2004 % transactions 1) Sales $ 122.1 $ 105.4 15.8% +23.1% Operating Income $ 13.3 $ 9.0 47.8% +70.0% Return on Sales 10.9% 8.5% EBITDA $ 22.0 $ 17.9 22.9% % of Sales 18.0% 17.0% 1) Excluding foreign c
Slide 17: Container
Container Actual Unit Volume Comparison Q2 2005 YTD 2005 Year 2004 Year 2003 vs. vs. vs. vs. Q2 2004 YTD 2004 Year 2003 Year 2002 Aerosol Cans & Beverage Bottles +28.4% +27.9% +22.3% 14.8% Plastic Tubes +19.5% +8.2% (5.6%) (2.7%) 17
Slide 18: Label
Label Second Quarters Ended June 30th Excl. currency translation & (in millions of Cdn dollars) 2005 2004 % divestitures 1) Sales $ 167.2 $ 129.9 +28.7% +38.4% Operating Income $ 19.3 $ 12.4 +55.6% +68.9% Return on Sales 11.5% 9.5% EBITDA $ 28.8 $ 20.0 +44.0% % of Sales 17.2% 15.4% 1) Excluding fore
Slide 19: Label
Label Six Months Ended June 30th Excl. currency translation & (in millions of Cdn dollars) 2005 2004 % divestitures 1) Sales $ 324.5 $ 266.5 +21.8% +30.3% Operating Income $ 38.4 $ 28.6 +34.3% +45.6% Return on Sales 11.8% 10.7% EBITDA $ 56.9 $ 43.6 +30.5% % of Sales 17.5% 16.4% 1) Excluding foreign