O-i Glass, Inc. · NYSE:OI
O-i Glass — Owens Illinois — Q1 2011 Earnings Presentation
11 slides from O-i Glass's earnings presentation, Apr 27, 2011
Slide 1: O-I Earnings Presentation First Quarter 2011
O-I Earnings Presentation First Quarter 2011 Owens-Illinois, Inc.
Slide 2: Introduction, Regulation G and Forward Looking Statements
Introduction Agenda Business discussion Financial review Business outlook Concluding remarks and Q&A Presenters Regulation G The information included in this presentation regarding adjusted net earnings relates to net earnings attributable to the Company exclusive of items management considers not r
Slide 3: First-Quarter 2011 Results: Business Discussion
First-Quarter 2011 Results Business Discussion 1Q11: $0.47/sh EPS Higher YoY shipment and production levels Volume + 7% (acquisitions > 5%) Volumes up in all regions and end markets Higher production and capacity utilization Price / product mix essentially flat Higher costs offset benefit of additio
Slide 4: Higher Shipments Boost Operating Rates in Most Regions
Higher Shipments Boost Operating Rates in Most Regions Business Discussion ($ Millions) First Quarter Segment Operating Profit $56 $37 $63 $193 $37 $199 $59 $45 $71 $24 $0 $50 $100 $150 $200 Total Europe North America South America Asia Pacific 1Q 2010 1Q 2011
Slide 5: Stronger Volumes Offset by Higher Costs
Stronger Volumes Offset by Higher Costs Financial Review 1 Reportable segment sales in 1Q11 exclude $27 million of revenue, principally for the Company’s global equipment sales business. 2 Contractual cost pass-through provisions conducted on a monthly or quarterly basis had an immaterial effect on
Slide 6: Balance Sheet, Cash Flow, and Debt Maturity
Balance Sheet, Cash Flow, and Debt Maturity Financial Review Highlight of Select Balance Sheet and Cash Flow Items (1) ($ Millions) 1 All information presented is from continuing operations only. 2 Total debt less cash divided by bank credit agreement EBITDA. The 1Q11 and 1Q10 ratios were calculated
Slide 7: Expect Improved Shipment Levels
Expect Improved Shipment Levels Business Outlook Favorable / Unfavorable Impact on Earnings Year-over-Year 2Q11 vs 2Q10 Price / Product Mix Sales Volume Cost Inflation Other Mfg and Delivery Costs Other Costs Note: All items are estimates, all estimates are approximates, estimates are subject to cha
Slide 8: Concluding Remarks and Q&A
Concluding Remarks and Q&A Strategy to Drive Continued Profitable Growth in 2011 Continued acquisitions and plant expansions in attractive emerging markets Further develop our sales and marketing capabilities Drive innovation to create greater value for our customers Continue to drive further operat
Slide 9: Appendix
Appendix
Slide 10: Reconciliation of GAAP to non-GAAP Items
Reconciliation of GAAP to non-GAAP Items Items that management considers not representative of ongoing operations consistent with Segment Operating Profit Three months ended March 31 $ Millions, except per-share amounts 2011 2010 Earnings EPS Earnings EPS Earnings from Continuing Operations $73 $0.4
Slide 11: Free Cash Flow
Free Cash Flow (1) Free Cash Flow equals cash provided by continuing operating activities less capital spending from continuing operations. $ Millions Three months ended March 31 2011 2010 Net earnings $76 $94 Less: Loss (earnings) from disc. operations 1 (3) Earnings from continuing operations 77 9