Myers Industries, Inc. · NYSE:MYE
Myers Industries — Investor Presentation (November 2021)
27 slides from Myers Industries's investor presentation, Nov 10, 2021
Slide 1: Investor Presentation November 2021
Investor Presentation November 2021 Exhibit 99.1
Slide 2: Safe Harbor Statement & Non-GAAP Measures
2 Safe Harbor Statement & Non-GAAP Measures Statements in this presentation include “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement that is not of historical fact may be deemed “forward-looking”. Words such as “will”, “expect”, “
Slide 3: Investment Highlights
Investment Highlights L Cv) products that have strong, well-respected brands Execution force oe Strong the runway for long-term value creation
Slide 4: Company Overview
Company Overview Sales $699M Adjusted EBITDA $66M Adjusted EBITDA Margin 9% Adjusted EPS $0.85 Business Highlights A market leader focused on a #1 or #2 position in diverse, niche markets A leading plastics manufacturer of a diverse range of material handling and storage solutions A leading distribu
Slide 5: Market Leading Brands & Products
Market Leading Brands & Products 5 1All data trailing twelve months as of 9-30-21. See appendix for non-GAAP reconciliations. ..
Slide 6: Long-term vision emphasizing top-line growth across three horizons
Myers has outlined a long-term vision that emphasizes the importance of top-line growth Horizon 1 2020 - 2023 Horizon 2 2023 - 2026 Horizon 3 2026 - 2029 Focus Revenue Target Execute via three approaches: Self Help: Integrated purchasing & supply chain, pricing, SG&A optimization, asset capability O
Slide 7: Strategic Objective and Four Pillars for Horizon 1
7 The Strategic Objective and Four Pillars for Horizon 1 Drive Alignment, Focus, Execution Strategic Objective: Transform Material Handling Segment into a high-growth, customer-centric innovator of engineered plastic solutions, while continuing to optimize and grow Distribution Segment Organic Growt
Slide 8: "One Myers" Program Management Office and Workstreams
8 “One Myers” Program Management Office and Workstreams are Driving Progress Against Horizon 1 Strategic Pillars Organic Sales Growth Strategic M&A Operational Excellence High-Performing Culture 2 4 3 1 eCommerce Sales & Commercial Excellence New Marketing, product management and sales structure in
Slide 9: Sustainable Competitive Advantage: Strength in all four major molding technologies
9 Myers Industries Sustainable Competitive Advantage: Strength in all four major molding technologies We excel in designing and manufacturing highly engineered, specialty, large format products Outdoor recreation: coolers, kayaks, docks, etc. Lawn & Garden: fuel tanks, mower components etc. Agricult
Slide 10: Acquisition of Elkhart Plastics - Q4 2020
Acquisition of Elkhart Plastics - Q4 2020 Elkhart Plastics Overview 7th largest rotational molder in the U.S. End-markets: RV, Marine, Agriculture, Construction, Heavy Truck and other industries HQ in South Bend, IN; 7 facilities ‘19 Revenue ~$100M; ~9% Adj. EBITDA margin Financially accretive with
Slide 11: Acquisition of Trilogy Plastics – Q3 2021
Acquisition of Trilogy Plastics – Q3 2021 Trilogy Plastics Overview Trilogy Plastics is a leading custom rotational molder HQ in Alliance OH, with two plants and a warehouse TTM Revenue ~$35M; ~15% Adj. EBITDA margin Financially accretive with significant synergy potential Further grows rotational m
Slide 12: Sustainability trends expected to be a tailwind for Myers
Sustainability trends expected to be a tailwind for Myers Wide array of products are reusable, recyclable, and optimize supply chains Plastic containers replace single-use and expendable packaging, reducing waste, and improving sustainability Our reusable plastic products are used repeatedly over th
Slide 13: Price increases and polyethylene outlook set stage for margin improvement
13 Sources: ACC & IHS MYE price increases in 2021, coupled with High-Density Polyethylene outlook, set the stage for margin improvement U.S. PE Capacity Additions
Slide 14: Summary Financial Trends
Summary Financial Trends 1 Reflects continuing operations. See appendix for non-GAAP reconciliations. “One Myers” Strategy Supports Profitable Growth 14 Adjusted Operating Margins1 Net Sales Adjusted Eps1
Slide 15: Cash Flow Trends
Cash Flow Trends Strong Cash Flow Generation Leverage Ratio at end of Q3 2021 was 1.8x 1 Reflects continuing operations. See appendix for non-GAAP reconciliations. 15 Capital Expenditures Cash From Operations Free Cash Flow1
Slide 16: Disciplined Capital Deployment
16 Disciplined Capital Deployment Investing in Growth Capital Expenditures Mergers & Acquisitions Strategic Projects Returning Cash to Shareholders Dividends Debt Repayment Share Repurchases
Slide 17: September 30, 2021 YTD Financial Summary
17 Net sales increased $189M, or 51% driven by Elkhart and Trilogy acquisitions (27%), volume/mix (17%) and price (7%) YTD margin compression; believe short-term margin compression will reverse and turn to margin expansion as price increases gain traction and raw material inflation subsides Septembe
Slide 18: Full Year Fiscal 2021 Outlook
18 Depreciation and amortization expected to be ~$22M Net interest expense to be ~$4 to $4.5M Diluted share count to be ~36.5M Full Year Fiscal 2021 Outlook as of 11/4/2021 Earnings Call Other Items See Appendix for non-GAAP reconciliations.
Slide 19: Investment Highlights
Investment Highlights L Cv) products that have strong, well-respected brands Execution force oe Strong the runway for long-term value creation
Slide 20: Appendix
INDUSTRIES. Appendix
Slide 21: Reconciliation of Non-GAAP Items: Adjusted EBITDA
Reconciliation of Non-GAAP Items Adjusted EBITDA Note: EBITDA and EBITDA as adjusted are financial measures that Myers Industries, Inc. calculates according to the schedule above using amounts from the unaudited Reconciliation of Non-GAAP Financial Measures Income (Loss) Before Taxes By Segment and
Slide 22: Adjusted EBITDA – Material Handling
Reconciliation of Non-GAAP Items (Continued) Adjusted EBITDA – Material Handling Note: EBITDA and EBITDA as adjusted are financial measures that Myers Industries, Inc. calculates according to the schedule above using amounts from the unaudited Reconciliation of Non-GAAP Financial Measures Income (Lo
Slide 23: Adjusted EBITDA – Distribution
Reconciliation of Non-GAAP Items (Continued) Adjusted EBITDA – Distribution Note: EBITDA and EBITDA as adjusted are financial measures that Myers Industries, Inc. calculates according to the schedule above using amounts from the unaudited Reconciliation of Non-GAAP Financial Measures Income (Loss) B
Slide 24: Adjusted Operating Income (By Segment)
Adjusted Operating Income (By Segment) Reconciliation of Non-GAAP Items (Continued) 24
Slide 25: Adjusted EPS
Adjusted EPS Reconciliation of Non-GAAP Items (Continued) 25
Slide 26: Free Cash Flow
Free Cash Flow Reconciliation of Non-GAAP Items (Continued) 26
Slide 27: Thank You!
Thank You! Investor Relations: Monica Vinay Vice President, Investor Relations & Treasurer (330) 761-6212
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