Slide 1: Financial Review
Financial Review Richard J. Diemer, Jr. Page 93
Slide 2: 2011 Highlights
2011 Highlights • Versus 2010, revenue growth of 9% drives 23% increase in adjusted operating income • Adjusted EPS expands 29% to all-time high of $1.02 Net Sales Adjusted Operating Adjusted EPS $1.02 Income $2,864 $181 $0.79 $2,739 $2,622 $2,643 $2,622 $147 $2,061 $88 $87 $72 $0.27 $59 $0.21 $0.12
Slide 3: 2011 Highlights: Operating income by platform
2011 Highlights • Each platform contributed to our year over year operating income growth • Record OI achieved in Specialty and POD • Ten quarters of double-digit adjusted EPS expansion Specialty Platform POD PP&S $56 $76 $87 $89 $64 $66 Operating Income Operating Income Operating Income $42 $62 $54
Slide 4: 2011 Highlights
2011 Highlights • Continued portfolio repositioning Sale of SunBelt equity investment Acquisition of specialty companies ColorMatrix and Uniplen • World-class working capital of 9.6% maintained while improving on-time delivery to 94% Working Capital % of Sales On-Time Delivery 95% 94% 18.9% 93% 92%
Slide 5: First Quarter 2012 Highlights
First Quarter 2012 Highlights Adjusted EPS $0.29 • Revenues increased 9% $0.26 over Q1 2011 to a new quarterly record • Adjusted EPS increased 12% Q1 2011 Q1 2012 over prior year Adjusted Operating Income $29.1 $25.2 • All platforms delivered double-digit operating $17.8 $14.7 $16.7 $14.3 income gro
Slide 6: Debt Maturities & Liquidity Summary – 3/31/12
Debt Maturities & Liquidity Summary – 3/31/12 $450 Debt Maturities • Total Debt at 3/31/12 $706 As of March 31, 2012 $400 Less: Cash 186 ($ millions) Net Debt $520 $350 $360 $300 • Available Liquidity $250 $300 Cash $186 $200 ABL Availability 156 $150 Total Liquidity $342 $100 • Net Debt / EBITDA* =
Slide 7: Use of Cash
Use of Cash Organic Share Acquisitions Dividends Growth Repurchase • Expanding our • Targets that expand our: • Introduced a • Repurchased 6 sales, marketing, quarterly dividend million shares in and technical • Specialty offering in Q1 2011 and 2011 capabilities is top • End market presence increas
Slide 8: Page 100
PolvOne. Collaboration. Innovation. Excellence: