Slide 1: Safe Harbor Statement
Safe Harbor Statement Certain statements contained in this document are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements, and financial or other business targets,
Slide 2: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures This presentation contains certain non-GAAP financial measures as defined by SEC rules. We report our financial results in conformity with accounting principles generally accepted in the United States of America, or GAAP, and also communicate with investors using c
Slide 3: First Quarter Review
First Quarter Review Reported EPS of $1.40; Adj. EPS (non-GAAP) of $1.44, up 30% driven by strong operating results, currency translation, and a lower tax rate Reported sales increased 13.0%; sales change ex. currency (non-GAAP) of 6.8% Organic sales change (non-GAAP) of 3.4%, in line with expectati
Slide 4: Sales Trend Analysis
Sales Trend Analysis * Totals may not sum due to rounding. 1Q17 2Q17 3Q17 4Q17 1Q18 Reported Sales Change 5.8% 5.5% 11.3% 11.9% 13.0% Organic Sales Change 3.9% 2.9% 5.3% 4.7% 3.4% Acquisitions 3.0% 3.7% 4.7% 4.4% 3.3% Sales Change Ex. Currency* 6.9% 6.7% 10.0% 9.1% 6.8% Currency Translation (1.1)% (
Slide 5: First Quarter Sales and Margin Analysis
First Quarter Sales and Margin Analysis 1Q18 Reported Ex. Currency Organic Sales Change: Label and Graphic Materials 11.8% 4.2% 3.6% Retail Branding and Information Solutions 5.2% 3.1% 3.1% Industrial and Healthcare Materials 48.8% 42.2% 2.8% Total Company 13.0% 6.8% 3.4% Reported Adjusted (Non-GAAP
Slide 6: First Quarter Segment Overview: Label and Graphic Materials; Retail Branding
LABEL AND GRAPHIC MATERIALS Reported sales of $1.2 bil., up 11.8% Sales up 4.2% ex. currency; up 3.6% on organic basis Label and Packaging Materials up mid-single digits on organic basis Combined Graphics and Reflective Solutions up low-single digits on organic basis Reported operating margin decrea
Slide 7: Industrial and Healthcare Materials
INDUSTRIAL AND HEALTHCARE MATERIALS Reported sales of $172 mil., up 48.8% Sales up 42.2% ex. currency; up 2.8% on organic basis Industrial categories up more than 50% ex-currency; up mid-single digits on organic basis Healthcare categories up ~10% ex-currency; relatively unchanged on organic basis R
Slide 8: 2018 EPS Guidance
Add Back: Est. restructuring costs and other items ~$0.95 Adjusted EPS (non-GAAP) Reported EPS $4.90 – $5.10 $5.85 – $6.05 Reported sales growth of ~9.5% (previously ~8.0%) Sales change ex. currency of ~5.5% Organic sales change of ~4.0% Currency translation tailwind to operating income of ~$35 mil.
Slide 9: 2018 EPS Guidance
2018 EPS Guidance Previous Updated Reported EPS. $5.50 — $5.75 $4.90 - $5.10 ‘Add Back: Est. restructuring costs and other items ~$0.20 ~$0.95 Adjusted EPS (non-GAAP) $5.70 - $5.95 $5.85 - $6.05 Contributing Factors to 2018 Results © Reported sales growth of ~9.5% (previously ~8.0%) © Sales change e
Slide 10: Avery Dennison
A AVERY DENNISON