Sherwin-williams Company (the) · NYSE:SHW

Sherwin-williams Company (the) — The Sherwin-Williams Company — Q2 2023 Earnings Presentation

13 slides from Sherwin-williams Company (the)'s earnings presentation, Jul 25, 2023

  1. Slide 1: 2Q 2023 Results

    2Q 2023 Results July 25, 2023

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This presentation contains certain “forward-looking statements,” as defined under U.S. federal securities laws with respect to sales, earnings and other matters. These statements can be identified by the use of forward-looking terminology such as “believe,” “expect,” “may,

  3. Slide 3: 2Q 2023 Financial Performance Highlights

    2Q 2023 Financial Performance Highlights ($ in millions,  Sales increased 6.3% driven by a MSD architectural volume 2Q 2023 2Q 2022 % Change except per share data) increase, effective pricing and a LSD contribution from acquisitions, partially offset by declines in industrial volumes Sales $6,240.6

  4. Slide 4: Paint Stores Group (PSG)

    Paint Stores Group (PSG)  Sales increased 10.0% driven by MSD volume growth and effective pricing – DD percentage growth in Protective & Marine, Commercial, Property Maintenance and DIY – Residential Repaint up HSD despite continued weakness in existing home sales – New Residential flat but outperf

  5. Slide 5: Consumer Brands Group (CBG)

    Consumer Brands Group (CBG)  Sales increased 5.1% driven primarily by MSD pricing – North America up LSD led by growth in Pros Who Paint category – Strong DD growth in Latin America and Europe – DD decrease in China architectural business; previously announced divestiture expected to be completed i

  6. Slide 6: Performance Coatings Group (PCG)

    Performance Coatings Group (PCG)  Sales up slightly (+0.3%) – MSD pricing and a MSD contribution from acquisitions offset by a HSD volume decline  MSD growth in Europe, LSD growth in North America, LSD declines in Latin America and DD declines in Asia Pacific  Sales led by HSD growth in Auto Refi

  7. Slide 7: Guidance

    Guidance Third Quarter 2023 Full Year 2023 Sales Sales  Up or down low-single-digit percentage  Up low-single-digit percentage  Segments  Foreign Exchange: < -1.0%  PSG: flat to up low-single-digit percentage  Segments  PSG: up mid to high-single-digit percentage  CBG: down mid to high-singl

  8. Slide 8: Restructuring Actions Update – Lower One-Time Costs for Same Estimated Savings

    Restructuring Actions Update – Lower One-Time Costs for Same Estimated Savings (originally announced 10/25/2022) Cost Breakout (estimated amounts) Original Estimated Actual Actual 4Q 2022 Actual 1Q 2023 Actual 2Q 2023 Estimated Total One-Time Total One-Time One-Time One-Time One-Time Total Annual Co

  9. Slide 9: Strong Financial Position

    Strong Financial Position Operating Cash Flow ($ in millions) Near Term Debt Maturities (1) ($ in millions) $1,206.4 $1,619 $1,100 $1,050 $613.4 $350 2Q 2023 2Q 2022 2023 2024 2025 2026 2027 Cash & Liquidity Position ($ in millions) Selected Financial Ratios 6/30/2023 6/30/2023 Cash $209.4 Total Deb

  10. Slide 10: Appendix

    a * SHERWIN-WILLIAMS.

  11. Slide 11: Debt Summary (as of June 30, 2023)

    Debt Summary (as of June 30, 2023) Q2 2023 Balance Int. Rate Short-Term: Domestic 805.6 5.41% Maturities of Long-Term Debt Non-Domestic: 0.6 11.36% $1,619 Total Short-Term Borrowings 806.1 5.41% Long-Term: USD EUR (1) 7-year, 3.125% notes due 2024 500.0 1.39% $1,250 2-year, 4.05% notes due (2) 2024

  12. Slide 12: Adjustments to Segment Profit

    Adjustments to Segment Profit Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Performance Performance Paint Stores Consumer Coatings Paint Stores Consumer Coatings ($ in millions) Group Brands Group Group Admin Consolidated Group Brands Group Group Admin Consolidated Net external s

  13. Slide 13: Regulation G Reconciliation: Adjusted EPS and EBITDA

    Regulation G Reconciliation: Adjusted EPS and EBITDA Three Months Ended Three Months Ended June 30, 2023 June 30, 2022 Tax After- Tax After- Pre-Tax Effect (1) Tax Pre-Tax Effect (1) Tax Diluted net income per share $ 3.07 $ 2.21 Items related to restructuring plan: Severance and other 0.06 0.03 0.0

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