Rpm International Inc. · NYSE:RPM
Rpm International — Shareholder Meeting (October 2022)
20 slides from Rpm International's shareholder meeting presentation, Oct 6, 2022
Slide 1: Annual Meeting of Stockholders
Annual Meeting of Stockholders October 6, 2022
Slide 2: Forward-Looking Statements & Regulation G
Forward-Looking Statements & Regulation G This presentation contains “forward-looking statements” relating to our business. These forward-looking statements, or other statements made by us, are made based on our expectations and beliefs concerning future events impacting us and are subject to uncert
Slide 3: RPM At a Glance
RPM At a Glance Q U I C K FA C T S MANUFACTURING FACILITIES IN 26 COUNTRIES FOUNDED: 1947 A world leader in HEADQUARTERS: Medina, OH specialty coatings, STOCK LISTING: NYSE (Symbol: RPM) sealants, building FISCAL 2022 $6.7 Billion SALES: materials and 162 countries and SALES LOCATIONS: related servi
Slide 4: Operating Groups Drive Growth & Efficiency Through Four Reportable Segments
Operating Groups Drive Growth & Efficiency Through Four Reportable Segments THE POWER Entrepreneurial Approach to Customers with Leading Brands Driving Innovation and Growth Center-Led in Operations and Administration, Driving Efficiency and Continuous Improvement OF RPM Value of 168: Transparency,
Slide 5: Momentum Accelerated in Fiscal 2022
Momentum Accelerated in Fiscal 2022 Fiscal 2022 Consolidated Sales and Adjusted EBIT Growth 20% FINANCIAL HIGHLIGHTS 15% 13.0% 13.7% 11.7% 10.3% 10% 5% 2.7% 0.8% $6.71B 0% -5% RECORD SALES -10% +9.8% Sales Growth Adj. EBIT Growth (1) -15% -20% $256.9M -21.0% RETURNED TO SHAREHOLDERS $702.3M -25% 1Q2
Slide 6: RPM Total Return Performance
RPM Total Return Performance Comparison of Cumulative Total Return vs. S&P 500 and a Customized Peer Group $480 RPM OUTPERFORMED: RPM OUTPERFORMED: $430 S&P 500 by Peers by S&P 500 by Peers by RPM 17.7% 17.5% 9.3% 11.1% $220 $380 S&P 500 Peer Group $200 $330 RPM $180 $280 $160 S&P 500 Peer Group $23
Slide 7: Sustainability Report – Released in August of 2022
Sustainability Report – Released in August of 2022 Annual Meeting of Stockholders | October 6, 2022 7
Slide 8: Significant Sustainability Gains Achieved to Date
Significant Sustainability Gains Achieved to Date • Through our Map to Growth Program, Environmental Sustainability Impact of Map to Growth MS-168 – 2015-20211 we have: • Consolidated locations • Become more operationally efficient • Significantly reduced greenhouse gas emissions and energy, waste a
Slide 9: Where We Are Now: 2025 Sustainability Goals
Where We Are Now: 2025 Sustainability Goals Reduce our Scope 1 and 2 greenhouse Reduce our waste to Identify and gas (GHG) emissions landfill by 10% and implement additional from our facilities by increase recycling by opportunities for 20% per ton of 20% per ton of water reuse and production and pr
Slide 10: MAP to Growth Successfully Completed May 31, 2021
MAP to Growth Successfully Completed May 31, 2021 Cost Saving Target Exceeded by $30 Million Center-Led Manufacturing MAP to Growth Annualized Run Rate $ in millions $320 • Launched MS-168 manufacturing system EBIT • Reduced manufacturing footprint by 31 facilities $290 • Consolidated production to
Slide 11: Fiscal 2023 First-Quarter Financial Results | Consolidated
Fiscal 2023 First-Quarter Financial Results | Consolidated Record sales and adjusted EBIT achieved ($ in millions, except Q1 Q1 HIGHLIGHTS 2023 2022 % Change per share amounts) • Sales driven by improved material availability from insourcing and qualifying Sales $1,932 $1,650 +17.1% new suppliers as
Slide 12: Delivering Value to Shareholders
Delivering Value to Shareholders Only 41 publicly traded U.S. companies have an equal or better record* $3.0+ billion $1.75 Paid $1.50 $1.25 49 Consecutive $1.00 Years of Dividend $0.75 Increases $0.50 $0.25 $0.00 '75 '77 '79 '81 '83 '85 '87 '89 '91 '93 '95 '97 '99 '01 '03 '05 '07 '09 '11 '13 '15 '1
Slide 13: Thank You for Your Investment in RPM
Thank You for Your Investment in RPM “Hire the best people you can find. Create an atmosphere that will keep them. Then let them do their jobs.” Frank C. Sullivan, 1947 Annual Meeting of Stockholders | October 6, 2022 13
Slide 14: Reconciliation of Non-GAAP to GAAP Measures
Reconciliation of Non-GAAP to GAAP Measures
Slide 15: Non-GAAP Financial Measures
Non-GAAP Financial Measures The following are the non-GAAP financial measures used in this presentation: *Interest (Income) Expense, Net includes the combination of interest (income) expense and investment (income) expense, net. **EBIT is defined as earnings (loss) before interest and taxes. Managem
Slide 16: Adjustment Details – FY22
Adjustment Details – FY22 a) Charges recorded in Cost of Goods Sold related to inventory write-offs in connection with restructuring activities, partially offset by subsequent recoveries and revisions of accrual estimates. b) Reflects restructuring charges, including headcount reductions, closures o
Slide 17: EBIT (Non-GAAP Measure): RPM Consolidated: Fiscal Year 2022
EBIT (Non-GAAP Measure): RPM Consolidated: Fiscal Year 2022 NOTE – Refer to “Non-GAAP Financial Measures” slide for definitions of non-GAAP measures identified (*) in the table above and “Adjustments Detail” slide for further information on adjustments outlined above. Annual Meeting of Stockholders
Slide 18: Adjustments Detail Q1 – Fiscal Year 2023
Adjustments Detail Q1 – Fiscal Year 2023 a) Charges recorded in Cost of Goods Sold related to inventory write-offs in connection with restructuring activities at our Consumer, Construction Products and Specialty Products segments, partially offset by subsequent recoveries and revisions of accrual es
Slide 19: Reconciliation of Reported to Adjusted EPS: Q1 – Fiscal Year 2023
Reconciliation of "Reported" to "Adjusted" EPS: Q1 – Fiscal Year 2023 (Unaudited) Reconciliation of Reported Earnings per Diluted Share to Adjusted Three Months Ended August 31, Earnings per Diluted Share (All amounts presented after-tax): 2022 2021 Reported Earnings per Diluted Share $ 1.31 $ 1.04
Slide 20: EBIT (Non-GAAP Measure): RPM Consolidated: Q1 – Fiscal Year 2023
EBIT** (Non-GAAP Measure): RPM Consolidated: Q1 – Fiscal Year 2023 ($ in thousands, except per share and percent data) (Unaudited) Three Months Ended August 31, 2022 2021 Net Income $ 169,279 $ 134,795 Provision for Income Taxes 55,842 46,676 Income Before Income Taxes 225,121 181,471 Interest Expen
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