Myers Industries, Inc. · NYSE:MYE
Myers Industries — Q4 2013 Earnings Presentation
18 slides from Myers Industries's earnings presentation, Feb 20, 2014
Slide 1: Earnings Presentation Fourth Quarter & Full Year 2013
Earnings Presentation Fourth Quarter & Full Year 2013 February 20, 2014 Exhibit 99.2
Slide 2: Slide 2
Slide 3: Slide 3
Slide 4: Material Handling
Segment Review – Material Handling FY Results • Sales increase of 13% due mostly to Novel & Jamco acquisitions • Change in both customer and product mix led to decrease in adjusted EBIT See Reconciliation of Non-GAAP measures on slide 18
Slide 5: Lawn & Garden
Segment Review – Lawn & Garden FY Results • Sales relatively flat year- over-year • Savings from phase one of restructuring combined with productivity and material cost savings generated significant year- over-year adjusted EBIT improvement See Reconciliation of Non-GAAP measures on slide 18
Slide 6: Distribution
Segment Review – Distribution FY Results • Sales increase the result of new product sales and market share gains in equipment • Adjusted EBIT relatively flat year-over-year See Reconciliation of Non-GAAP measures on slide 18
Slide 7: Engineered Products
Segment Review – Engineered Products FY Results • Strong sales in the marine and recreational vehicle markets were offset by lower custom sales, primarily as the result of a focus on more profitable business See Reconciliation of Non-GAAP measures on slide 18
Slide 8: Slide 8
Slide 9: Material Handling
Segment Review – Material Handling Q4 Results • Sales decreased 1.5% year- over-year as Q4 2012 sales benefited from some sizeable non-recurring project sales • Higher SG&A expenses due to increased royalty and employee related expenses led to the decline in adjusted EBIT year-over-year • A change i
Slide 10: Lawn & Garden
Segment Review – Lawn & Garden Q4 Results • Savings from phase one of the restructuring project combined with cost reductions driven by productivity improvements and raw material substitutions led to the increase in adjusted EBIT year-over-year See Reconciliation of Non-GAAP measures on slide 18
Slide 11: Distribution
Segment Review – Distribution Q4 Results • Softer demand from International customers during the quarter more than offset increased sales from new products in the U.S. • Lower SG&A expenses partially due to headcount reductions contributed to the increase in adjusted EBIT year-over-year See Reconcil
Slide 12: Engineered Products
Segment Review – Engineered Products Q4 Results • Strong sales in the marine and RV market were more than offset by lower custom sales during the quarter as the segment continued to focus more profitable business See Reconciliation of Non-GAAP measures on slide 18
Slide 13: Q1 & Full Year 2014 Outlook
Q1 & Full Year 2014 Outlook Q1 Outlook • Material Handling • Strong sales in food processing and organic growth in Brazil will more than offset the impacts to production schedules and product shipping resulting from poor weather conditions at the start of the year • Lawn & Garden • Anticipate that s
Slide 14: Appendix
Appendix
Slide 15: 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) Note on Reconciliation of Income and Earnings Data: Gross profit excluding the items mentioned above in the text of this rel
Slide 16: 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) Note: Numbers in the Corporateand interest expense section abovemay berounded for presentation purpo
Slide 17: Market Indicators
Market Indicators Source: JP Morgan, RMA, Energy Information Administration, Dec 2013 Sources: RVIA Forecasts, Dec 2013; FRB G17 Release, Feb 2014
Slide 18: Myers Industries, Inc: Helping Customers Grow!
MYERS INDUSTRIES, INC: Helping Customers Grow!