Ccl Industries Inc. Class A · TSX:CCL.A
Ccl Industries Inc. Class A — Q4 2005 Earnings Presentation
19 slides from Ccl Industries Inc. Class A's earnings presentation, Feb 16, 2006
Slide 1: Investor Update: Fourth Quarter 2005 Review
Investor Update Fourth Quarter 2005 Review Thursday, February 16, 2006 Disclaimer Any forward-looking statements contained in this presentation involve risks, uncertainties and assumptions and should not be taken as guarantees of future performance. Actual results could vary materially from those an
Slide 2: Statement of Earnings for Continuing Operations - Fourth Quarter
Statement of Earnings for Continuing Operations Fourth Quarters Ended December 31st (Millions of Cdn $, except per share data) Excludes Discontinued Operations - Custom Manufacturing North America sold May 17, 2005 Net of currency 2005 2004 Change translation 1) Sales $ 282.4 $ 221.2 +27.7% +34% Inc
Slide 3: Statement of Earnings for Continuing Operations - Twelve Months
Statement of Earnings for Continuing Operations Twelve Months Ended December 31st (Millions of Cdn $, except per share data) Excludes Discontinued Operations - Custom Manufacturing North America sold May 17, 2005 Net of currency translation & 2005 2004 Change divestitures 1) Sales $ 1,110.1 $ 913.9
Slide 4: Earnings per Class B Share
Earnings per Class B Share Periods Ended December 31st Fourth Quarter Twelve Months 2005 2004 2005 2004 From Continuing Operations * $ 0.43 $ 0.30 $ 1.57 $ 1.36 Net Gain (Loss) from Unusual Items and Tax $ (0.07) $ (0.07) $ (0.42) $ 0.06 Benefit included in Continuing Operations From Discontinued Op
Slide 5: Impact of Changes in Exchange Rates
Impact of Changes in Exchange Rates Currency Translation: 2004 – U.S. dollar averaged $1.30 vs. $1.40 in 2003 for the year (down 7%), partly offset by Euro strength ($1.62 average for the year) 2005 – U.S. dollar averaged $1.21 vs. $1.30 in 2004 for the year (down 7%) and Euro was $1.51 (down 7%) vs
Slide 6: Balance Sheet
Balance Sheet As At December 31st (Millions of Cdn $, except Book Value per Share) 2005 2004 Change Net working capital (receivables, inventory, prepaids, payables and accruals) $ 11.3 $ 69.6 (83.8%) Capital assets (net) $ 534.7 $ 471.8 +13.3% Intangible assets & goodwill $ 399.8 $ 343.0 +16.6% Tota
Slide 7: Debt Summary
Debt Summary As At December 31st (Millions of Cdn $) Increase 2005 2004 (Decrease) Bank advances $ 8.8 $ 39.4 $ (30.6) Long-term debt - senior notes (2005 - US$295.5 MM, 2004 - US$304.9 MM) 343.7 366.5 (22.8) Long-term debt - all other 50.1 20.5 29.6 Total debt 402.6 426.4 (23.8) Cash and cash equiv
Slide 8: Cash Flow Highlights
Cash Flow Highlights Twelve Months Ended December 31st (Millions of Cdn $) Inflows: 2005 2004 Net earnings from continuing operations (includes unusual items) $ 50.0 $ 44.0 Depreciation and amortization (continuing) 65.4 54.3 Stock-based compensation 1.8 0.2 Future income taxes (1.2) 8.1 Unusual ite
Slide 9: Capital Spending Highlights
Capital Spending Highlights Twelve Months Ended December 31st, 2005 (Millions of Cdn $) Includes Discontinued Operations Capital Divisions Spending Depreciation Difference Major Investment Projects Label 96.0 35.6 60.4 Guangzhou, CHINA (Building & equipment) $ 12.1 Poland (Building & equipment) 6.5
Slide 10: Income From Operations for Continuing Operations - Fourth Quarter
Income From Operations for Continuing Operations Fourth Quarters Ended December 31st (Millions of Cdn $) Excl. currency translation, transactions & 2005 2004 Change divestitures Label $ 15.2 $ 15.9 (4.4%) +0.0% Container 6.4 4.2 +52.4% +78.6% ColepCCL / Custom Manufacturing Europe 2.8 2.6 +7.7% +19.
Slide 11: Income From Operations for Continuing Operations - Twelve Months
Income From Operations for Continuing Operations Twelve Months Ended December 31st (Millions of Cdn $) Excl. currency translation, transactions & 2005 2004 Change divestitures Label $ 72.7 $ 55.0 +32.2% +41.2% Container 26.6 17.2 +54.7% +79.9% ColepCCL / Custom Manufacturing Europe 15.9 10.6 +50.0%
Slide 12: Discontinued Operations - Custom Manufacturing (NA)
Discontinued Operations - Custom Manufacturing (NA) Periods Ended December 31st Quarter to date Year to date (in millions of Cdn dollars) 2004 2005 * 2004 % Sales $ 151.5 $ 246.8 $ 604.6 (59.2%) Operating Income $ 6.9 $ 8.9 $ 25.8 (65.5%) Return on Sales 4.6% 3.6% 4.3% Return on Service Revenue 15.6
Slide 13: Label - Fourth Quarter
Label Fourth Quarters Ended December 31st Excl. currency (in millions of Cdn dollars) 2005 2004 % translation 1) Sales $ 175.3 $ 119.8 +46.3% +52.9% Operating Income $ 15.2 $ 15.9 (4.4%) - Return on Sales 8.7% 13.3% EBIT DA $ 25.2 $ 21.3 +18.3% % of Sales 14.4% 17.8% 1) Excluding foreign exchange an
Slide 14: Label - Twelve Months
Label Twelve Months Ended December 31st Excl. currency translation & (in millions of Cdn dollars) 2005 2004 % divestiture 1) Sales $ 669.0 $ 505.5 +32.3% +40.4% Operating Income $ 72.7 $ 55.0 +32.2% +41.2% Return on Sales 10.9% 10.9% EBITDA $ 111.7 $ 83.6 +33.6% % of Sales 16.7% 16.5% 1) Excluding f
Slide 15: Container - Fourth Quarter
Container Fourth Quarters Ended December 31st Excl. currency translation & (in millions of Cdn dollars) 2005 2004 % transactions 1) Sales $ 65.2 $ 53.3 22.3% +24.8% Operating Income $ 6.4 $ 4.2 52.4% +78.6% Return on Sales 9.8% 7.9% EBITDA $ 10.6 $ 8.3 27.7% % of Sales 16.3% 15.6% 1) Excluding forei
Slide 16: Container - Twelve Months
Container Twelve Months Ended December 31st Excl. currency translation & (in millions of Cdn dollars) 2005 2004 % transactions 1) Sales $ 253.5 $ 212.7 19.2% +24.9% Operating Income $ 26.6 $ 17.2 54.7% +79.9% Return on Sales 10.5% 8.1% EBITDA $ 44.5 $ 34.9 27.5% % of Sales 17.6% 16.4% 1) Excluding f
Slide 17: Container - Actual Unit Volume Comparison
Container Actual Unit Volume Comparison Year 2005 Year 2004 Year 2003 vs. vs. vs. Year 2004 Year 2003 Year 2002 Aerosol Cans & Beverage Bottles +21.2% +22.3% +14.8% Plastic Tubes +6.7% (5.6%) (2.7%) 17
Slide 18: ColepCCL - Fourth Quarter
ColepCCL Fourth Quarters Ended December 31st Custom Europe & ColepCCL ColepCCL (in millions of Cdn dollars) 2005 2004 % 1) Sales $ 41.9 $ 48.1 (12.9%) Operating Income $ 2.8 $ 2.6 7.7% Return on Sales 6.7% 5.4% EBITDA $ 4.7 $ 3.3 42.4% % of Sales 11.2% 6.9% 1) ColepCCL sales flat for the quarter com
Slide 19: ColepCCL - Twelve Months
ColepCCL Twelve Months Ended December 31st Custom Europe & ColepCCL ColepCCL (in millions of Cdn dollars) 2005 2004 % 1) Sales $ 187.6 $ 195.7 (4.1%) Operating Income $ 15.9 $ 10.6 50.0% Return on Sales 8.5% 5.4% EBITDA $ 23.7 $ 10.0 137.0% % of Sales 12.6% 5.1% 1) ColepCCL sales were slightly lower