Myers Industries, Inc. · NYSE:MYE
Myers Industries — Investor Presentation (March 2014)
22 slides from Myers Industries's investor presentation, Mar 11, 2014
Slide 1: Myers Industries, Inc. Investor Presentation March 2014
Myers Industries, Inc. Investor Presentation March 2014 Exhibit 99.1
Slide 2: Strategic & Financial Goals to Drive Shareholder Value
Strategic Goals Strategic & Financial Goals to Drive Shareholder Value Financial Goals • Focus on industries that have strong, sustainable growth and profit potential • Position our businesses to grow through new products, geographic expansion and acquisitions • Invest within our five business growt
Slide 3: Company at a Glance
Company at a Glance 50% 14% 17% 19% 39% 25% 21% 15% 2013 Net Sales Adjusted EBIT Material Handling Lawn & Garden Engineered Products Distribution Two core businesses; four reporting segments: 1. Manufacturer of polymer products 1. Material Handling 2. Engineered Products 3. Lawn and Garden 2. Wholes
Slide 4: ble containers and pallets to ep
ble containers and pallets to ep reducing soply chan waste and co BUCKHORN’ BWaKro-mis: 2 MYERS Lawn & Garden aplastic pos, rays. Leading Myers Industries Lawn & Garden Group Polymer Products Engineered Products g
Slide 5: Growth Platforms
Growth Platforms Platform Segment Growth Recent Acquisitions Returnable Packaging Storage & Safety Products Tire Repair & Retread Products Specialty Molding Tire Supply Distribution Material Handling Drive conversions to reusable products through further penetration of food, liquid, bulk solids and
Slide 6: Innovative New Products in 2013
Innovative New Products in 2013 Lawn and Garden Material Handling Engineered Products Myers Tire Supply Tiltview Product Line Polymer Products Distribution Grower Decorative Containers Decorative Products for Retail 32x30 Bulk Box (Gen II) 640-lb CheeseBox Novel Beverage Crate Divider Label Tab Angl
Slide 7: Slide 7
Slide 8: Progress Towards Financial Goals
Progress Towards Financial Goals Key Accomplishment Metrics Metric Goal Sales Growth (1) > 1.5x GDP 4.3% 4.7% Adjusted Gross Margin > 29% 27.7% 27.4% Adjusted EPS Growth >20% CAGR 39.3% 21.8% Free Cash Flow = 100% of Net Income 254% 113% ROIC (2) > 10% 10% 10% Innovation / NPD (3) >10% of Sales 6% 6
Slide 9: Strong & Flexible Balance Sheet
Strong & Flexible Balance Sheet Note: 1) Net Debt-to-Capital ratio calculated as net debt/(net debt + equity). Net Debt-to-Capital Maintaining strong balance sheet for investments and returning capital to shareholders 42% 44% 41% 41% 34% 39% 28% 27% 25% 28% 14% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Slide 10: Solid Cash Flow Generation
Solid Cash Flow Generation $31 $18 $29 $55 $77 $20 $57 $25 $42 $34 $66 $(Millions) Free Cash Flow Generating Free Cash Flow, Investing for the Future and Returning Cash to Shareholders $0 $20 $40 $60 $80 $100 Notes: 1) Free cash flow calculated as cash flow from continuing operations less capital ex
Slide 11: Balanced Approach to Capital Allocation
Balanced Approach to Capital Allocation • New product development • Acquisitions • Dividends • Share repurchases • Debt reduction Grow Shareholder Value Return Capital to Shareholders Re-invest in the Business • Organic growth capital expenditures • Process improvements
Slide 12: Returning Cash to Shareholders
Returning Cash to Shareholders • Increasing Dividends • Increased Q1 2014 quarterly dividend by 44% to $0.13 per share Quarterly Dividends Paid Notes: 1) Above adjusted for stock dividends and splits in 2000, 2001, 2002 and 2004. 2) In 2007 there was an additional special dividend (not shown above)
Slide 13: Appendix
Appendix
Slide 14: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES CONDENSED CONSOLIDATED GROSS PROFIT (UNAUDITED) (Dollars in thousands) Twelve Months Ended December 31 Gross Profit as reported 217,628 215,281 Restructuring and other adjustments in cost of sale
Slide 15: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES INCOME (LOSS) BEFORE TAXES BY SEGMENT (UNAUDITED) (Dollars in millions, except per share data) Twelve Months Ended December 31 Material Handling Income before taxes as reported $ 41.1 $ 47.5 Rest
Slide 16: Strategic Principles
Strategic Principles Customer Dedication Innovation Operations Excellence Organization Development Financial Strength • Deliver next-generation products/services in high niche markets • • Market based strategic planning • Maintain highest standards in safety and productivity • Ensure process for con
Slide 17: Evolution of the Myers Industries Business Portfolio
Evolution of the Myers Industries Business Portfolio ee had (Sedan Products! ‘itn Products? io mau can ‘Buckinor ‘Byctnor Raber) Prose 7) WER & Mirman uber Legend: »» Formation of Distribution Business —+ Formation of Material Handling Business. —+ Formation of Lawn and Garden Business —+ Formation
Slide 18: Macro Indicators: Material Handling
Macro Indicators Material Handling MHEM (Material Handling Equipment) Index Source: Material Handling Industry Feb 2014 Forecast
Slide 19: Macro Indicators: Lawn & Garden
Macro Indicators Lawn & Garden Housing Starts; Consumer Sentiment Sources: National Association of Home Builders (NAHB), Jan 2014; Thomson Reuters/University of Michigan, Feb 2014
Slide 20: Macro Indicators: Distribution
Macro Indicators Distribution Replacement Tire Shipments; Miles Driven; Fuel Prices Source: JP Morgan, RMA, Energy Information Administration, Feb 2014
Slide 21: Macro Indicators: Engineered Products
Macro Indicators Engineered Products RVIA; Motor Vehicle and Parts Production Sources: RVIA Forecasts, Dec 2013; FRB G17 Release, Feb 2014
Slide 22: Myers Industries, Inc.
MYERS INDUSTRIES, INC. Leadership Brands Helping Customers Grow!
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