Sherwin-Williams Company (the) · NYSE:SHW
Sherwin-Williams Company (the) — The Sherwin-Williams Company — Investor Day (May 2016)
18 slides from Sherwin-Williams Company (the)'s investor day presentation, May 26, 2016
Slide 1: Industry Overview
Industry Overview BOB WELLS Senior Vice President, Corporate Communications & Public Affairs
Slide 2: 2015 Coatings Industry
2015 Coatings Industry Global Mix by Category (Based on $) Special Purpose OEM Coatings Coatings 24% Total Coatings 38% 2015 Architectural Paint ~9.0 Billion Gallons (+4.0%) 38% ~132.6 Billion Dollars (+4.4%) Financial Community Presentation - May 26, 2016 Source: KNG, Company Estimates
Slide 3: Coatings Demand by Region
Coatings Demand by Region Geographic Split of Global Revenue EMEA North America 28% 21% 28% 24% 27% 19% 30% Asia-Pacific 21% 41% 34% South America 6% 48% 41% 9% 5% 4% ROW ~ 4% All Coatings OEM Coatings Architectural Paint Special Purpose Coatings Financial Community Presentation - May 26, 2016 Sourc
Slide 4: Coatings Industry: Top Global Manufacturers - 2015
Coatings Industry Top Global Manufacturers - 2015 PPG All Others (>7,500 firms) Financial Community Presentation - May 26, 2016 Source: Company Estimates
Slide 5: U.S. Coatings Industry
U.S. Coatings Industry Sales ($) Mix by Category U.S. Coatings Industry Sales ($) Mix by Category OEM Coatings 33% Total Coatings Special Purpose 2015 Architectural Paint ~1.45 Billion Gallons (+4%) Coatings 44% ~27.8 Billion Dollars (+4%) 23% Financial Community Presentation - May 26, 2016 Source:
Slide 6: Architectural Coatings Gallons (Millions)
U.S. Coatings Industry Architectural Coatings Gallons (Millions) 850 800 750 ~ 757 Million Millions of Gallons (+5.1%) 700 650 600 550 500 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Estimate of Normalized, Sustainable Industry Volume Financial Community Pres
Slide 7: Favorable Customer Mix
Favorable Customer Mix DIY Contractor Shift Will Continue 41% Do-It-Yourself (‘15 Growth: ~4.0%) 59% 59% Contractor (‘15 Growth: ~6.0%) 41% Financial Community Presentation - May 26, 2016 Source: USDOC, Company Estimates
Slide 8: U.S. Architectural Paint Market
U.S. Architectural Paint Market Breakdown by Segment (Current) Residential Repaint (Pro) 27% (202M Gal) New Non- Non-Residential Residential Repaint 6% 16% (45M Gal) (119M Gal) DIY 41% New Residential (307M Gal) 11% (84M Gal) 757 Million Gallons Financial Community Presentation - May 26, 2016 Source
Slide 9: U.S. Architectural Paint Market
U.S. Architectural Paint Market Breakdown by Segment (High Normal) Residential Repaint (Pro) New Build 26% Repaint (Pro) +32M (213M Gal) +17M New Non- Non-Residential Residential Repaint 6% 15% (51M Gal) (125M Gal) DIY 39% New Residential (313M Gal) 14% (110M Gal) Repaint (DIY) +6M 810 Million Gallo
Slide 10: Demand Outlook
Demand Outlook FY 2015 vs 1Q 2016 • Architectural Paint (Domestic) • OEM Product Finishes • Automotive Finishes • Protective & Marine Positive Neutral Negative Financial Community Presentation - May 26, 2016
Slide 11: Domestic Economic Backdrop
U.S. Architectural Paint Domestic Economic Backdrop FY-2015 1Q 2016 GDP Growth Consumer Confidence Household Formation Home Ownership Rate Financial Community Presentation - May 26, 2016
Slide 12: Residential Market - New
U.S. Architectural Paint Residential Market - New FY-2015 1Q 2016 New Home Sales New Home Inventory Permits Starts Financial Community Presentation - May 26, 2016
Slide 13: Residential Market - Repaint
U.S. Architectural Paint Residential Market - Repaint FY-2015 1Q 2016 Existing Home Sales Existing Home Inventory Pending Home Sales Home Equity Financial Community Presentation - May 26, 2016
Slide 14: Non-Residential Market
U.S. Architectural Paint Non-Residential Market FY-2015 1Q 2016 Occupancy Contracts (Sq. Ft.) Contracts (Value) Starts Financial Community Presentation - May 26, 2016 Source: Dodge Construction Potentials, Construction Market Data
Slide 15: Latin America Architectural Paint
Latin America Architectural Paint Residential Indicators FY-2015 1Q 2016 Brazil Mexico Colombia Argentina Financial Community Presentation - May 26, 2016
Slide 16: Industrial Coatings: OEM Product Finishes
Industrial Coatings OEM Product Finishes FY-2015 1Q 2016 U.S./Canada Latin America Europe Asia/Pacific Financial Community Presentation - May 26, 2016
Slide 17: Industrial Coatings: Automotive Finishes
Industrial Coatings Automotive Finishes (CR/VR) FY-2015 1Q 2016 U.S./Canada Latin America Europe N/A N/A Asia/Pacific Financial Community Presentation - May 26, 2016
Slide 18: Industrial Coatings: Protective & Marine
Industrial Coatings Protective & Marine FY-2015 1Q 2016 U.S./Canada Latin America Europe Asia/Pacific Financial Community Presentation - May 26, 2016
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