Rohm & Haas Co

Rohm & Haas — Q4 2008 Earnings Presentation

19 slides from Rohm & Haas's earnings presentation, Feb 9, 2009

  1. Slide 1: Fourth Quarter 2008 Earnings Release

    Fourth Quarter 2008 Earnings Release February 9, 2009 accelerate:

  2. Slide 2: Regulation G

    [ 3 ] Regulation G This presentation may include the display of some company data that does not directly conform to generally accepted accounting principles, or GAAP. Management believes that the presentation of some non-GAAP data provides investors with additional insight into the ongoing operation

  3. Slide 3: Forward Looking Statements

    [ 5 ] Forward Looking Statements This presentation contains forward-looking statements that involve risks and uncertainties and are subject to change based on various factors. These factors include, but are not limited to (1) the cost of raw materials, natural gas, and other energy sources, and the

  4. Slide 4: Results At A Glance

    [ 7 ] Results At A Glance Accelerated market declines that impacted all businesses and regions except Salt Demand deterioration seen across the globe, including Rapidly Developing Economies Continued pricing gains from actions taken earlier in the year in response to volatile raw material costs Pric

  5. Slide 5: Q4 2008 Financial Highlights

    [ 9 ] Q4 2008 Financial Highlights Three Months Ended December 31, Three Months Ended December 31, Three Months Ended December 31, In Millions (except EPS) 2008 2007 Change Sales $2,030 $2,343 (13)% Net Earnings from Continuing Operations $32 $180 (82)% Diluted EPS $0.17 $0.91 (81)% Adjusted Net Ear

  6. Slide 6: Q4 2008 Sales Down 13%

    [ 11 ] Q4 2008 Sales Down 13% Invisible Black Grey Q4 2007 0 2343 Demand 1917 426 Price 1917 136 Currency 1992 61 Other (1) 1992 38 Q4 2008 0 2030 Rapid demand drop partially offset by prior pricing actions Accelerated market declines that impacted all businesses and regions except Salt Demand deter

  7. Slide 7: Q4 2008 Adjusted EPS Down 23%

    [ 13 ] Q4 2008 Adjusted EPS(1,NG) Down 23% Q4 2007 as reported 0 0.91 UP Chem 0.9 0.01 = Q4 2007 Adjusted EPS 0 0.9 Q4 2008 as reported 0 0.17 Dow Transaction 0.17 0.08 Restr. & Asset Imp. 0.25 0.41 Hurricane 0.66 0.03 Q4 2008 Adjusted EPS 0 0.69 Reconciliation of Adjusted Earnings per Share(1,NG) $

  8. Slide 8: Q4 2008 Earnings Change

    [ 15 ] Q4 2008 Earnings Change Excludes special items Display Technologies results were essentially flat to prior-year period (NG) Non-GAAP measure; see reconciliation in the Appendix Q4 2007 0 0.9 0.9 0.22 0.47 0.01 0.05 0.12 0.16 0.32 Lower Underlying Tax Rate 0.47 0.09 Lower Minority Interest 0.5

  9. Slide 9: Trailing Twelve Month (TTM) Trends

    [ 17 ] Trailing Twelve Month (TTM) Trends Q4 2006 0.03 Q1 2007 0.02 Q2 2007 0.02 Q3 2007 0.02 Q4 2007 0.04 Q1 2008 0.05 Q2 2008 0.06 Q3 2008 0.04 Q4 2008 -0.03 TTM Demand Growth(1) Year-on-year change for the rolling four quarter period (trailing twelve months) ending with quarter indicated TTM RDEs

  10. Slide 10: Electronic Technologies

    [ 19 ] Invisible Black Grey Q4 2007 0 454 Demand 322 132 Price 311 11 Currency 311 8 Other 319 0 Q4 2008 0 319 Electronic Technologies Q4 2008 Highlights Sales Change Adjusted Pre-Tax Earnings Comparison (1, NG) OPBT Q4 2007 108 Q4 2008 35 2% (29)% (2)% (30)% Pronounced decline in demand across all

  11. Slide 11: Display Technologies

    [ 21 ] Invisible Black Grey Q4 2007 0 30 Demand 17 13 Price 15 2 Currency 14 1 Other 14 38 Q4 2008 0 52 Display Technologies Q4 2008 Highlights Sales Change Adjusted Pre-Tax Earnings Comparison (1, NG) OPBT Q4 2007 -7 Q4 2008 -7 SKC Haas Display Films JV launched on November 30, 2007; acquired Grace

  12. Slide 12: Paint & Coatings Materials

    [ 23 ] Invisible Black Grey Q4 2007 0 468 Demand 381 87 Price 381 41 Currency 407 15 Other 407 7 Q4 2008 0 414 Paint & Coatings Materials Q4 2008 Highlights Sales Change Adjusted Pre-Tax Earnings Comparison (1, NG) OPBT Q4 2007 47 Q4 2008 19 (19)% 9% (3)% (12)% Decrease in demand across all regions

  13. Slide 13: Packaging & Building Materials

    [ 25 ] Invisible Black Grey Q4 2007 0 453 Demand 338 115 Price 338 26 Currency 345 19 Other 345 1 Q4 2008 0 345 Packaging & Building Materials Q4 2008 Highlights Sales Change Adjusted Pre-Tax Earnings Comparison (1, NG) OPBT Q4 2007 31 Q4 2008 -6 (25)% 6% (4)% (24)% Decrease in demand in all regions

  14. Slide 14: Primary Materials

    [ 27 ] Invisible Black Grey Q4 2007 0 251 Demand 207 44 Price 207 21 Currency 219 9 Other 217 2 Q4 2008 0 217 Primary Materials Q4 2008 Highlights Sales Change Adjusted Pre-Tax Earnings Comparison (1, NG) OPBT Q4 2007 19 Q4 2008 18 (17)% (4)% (14)% Decreased demand and unfavorable currencies were pa

  15. Slide 15: Performance Materials

    [ 29 ] Performance Materials Q4 2008 Highlights Sales Change Adjusted Pre-Tax Earnings Comparison (1, NG) OPBT Q4 2007 44 Q4 2008 31 Decreased demand across all business lines except AgroFresh Decreased demand, unfavorable currencies and higher raw material costs were partially offset by prior prici

  16. Slide 16: Salt

    [ 31 ] Invisible Black Grey Q4 2007 0 364 Demand 364 0 Price 364 51 Currency 399 16 Other 401 0 Q4 2008 0 401 Salt Q4 2008 Highlights Sales Change Adjusted Pre-Tax Earnings Comparison (1, NG) OPBT Q4 2007 53 Q4 2008 103 (4)% 10% Continued improvement in product line management Favorable business con

  17. Slide 17: accelerate: traction

    [ 33 ] accelerate: traction NYSE: ROH www.rohmhaas.com

  18. Slide 18: Non-GAAP Reconciliations

    [ 35 ] Non-GAAP Reconciliations

  19. Slide 19: Non-GAAP Reconciliations

    [ 37 ] Non-GAAP Reconciliations

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