Ccl Industries Inc. Class A · TSX:CCL.A
Ccl Industries Inc. Class A — Q3 2005 Earnings Presentation
19 slides from Ccl Industries Inc. Class A's earnings presentation, Oct 27, 2005
Slide 1: Investor Update Third Quarter 2005 Review
Investor Update Third Quarter 2005 Review Thursday, October 27, 2005 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 anti
Slide 2: Statement of Earnings for Continuing Operations - Third Quarter
Statement of Earnings for Continuing Operations Third Quarters Ended September 30th (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 $ 281.9 $ 220.0
Slide 3: Statement of Earnings for Continuing Operations - Nine Months
Statement of Earnings for Continuing Operations Nine Months Ended September 30th (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 $ 827.7 $ 692.7 +19
Slide 4: Earnings per Class B Share
Earnings per Class B Share Periods Ended September 30th Third Quarter Nine Months 2005 2004 2005 2004 From Continuing Operations * $ 0.48 $ 0.42 $ 1.14 $ 1.06 Net Gain (Loss) from Unusual Items and Tax $ - $ 0.13 $ (0.35) $ 0.13 Benefit included in Continuing Operations From Discontinued Operations
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 $1.22 vs. $1.33 in 2004 for the 9 months (down 8%) and Euro was $1.55 (down 5%
Slide 6: Balance Sheet
Balance Sheet As At September 30th (Millions of Cdn $, except Book Value per Share) 2005 2004 Change Net working capital (receivables, inventory, prepaids, payables and accruals) $ 31.8 $ 89.9 (64.6%) Capital assets (net) $ 512.7 $ 461.2 +11.2% Intangible assets & goodwill $ 398.1 $ 353.4 +12.6% Tot
Slide 7: Debt Summary
Debt Summary As At September 30th (Millions of Cdn $) Increase 2005 2004 (Decrease) Bank advances $ 9.8 $ 40.1 $ (30.3) Long-term debt - senior notes (2005 - $295.5 MM U.S., 2004 - $304.9 MM U.S.) 343.6 384.7 (41.1) Long-term debt - all other 59.0 16.8 42.2 Total debt 412.4 441.6 (29.2) Cash and cas
Slide 8: Cash Flow Highlights
Cash Flow Highlights Nine Months Ended September 30th (Millions of Cdn $) Inflows: 2005 2004 Net earnings from continuing operations (includes unusual items) $ 36.5 $ 34.2 Depreciation and amortization (continuing) 49.1 43.8 Stock-based compensation 1.3 0.2 Future income taxes 1.7 3.6 Unusual items
Slide 9: Capital Spending Highlights
Capital Spending Highlights Nine Months Ended September 30th, 2005 (Millions of Cdn $) Includes Discontinued Operations Capital Divisions Spending Depreciation Difference Major Investment Projects Custom Manufacturing $ 8.6 $ 9.4 $ (0.8) & ColepCCL Container 34.4 13.7 20.7 Penetang, ON (2 new Aeroso
Slide 10: Income From Operations for Continuing Operations - Third Quarter
Income From Operations for Continuing Operations Third Quarters Ended September 30th (Millions of Cdn $) Excl. currency translation, transactions & 2005 2004 Change divestitures ColepCCL / Custom Manufacturing Europe $ 3.6 $ 3.5 +2.9% +14.3% Container 6.9 4.0 +72.5% +98.7% Label 19.1 10.5 +81.9% +90
Slide 11: Income From Operations for Continuing Operations - Nine Months
Income From Operations for Continuing Operations Nine Months Ended September 30th (Millions of Cdn $) Excl. currency translation, transactions & 2005 2004 Change divestitures ColepCCL / Custom Manufacturing Europe $ 13.1 $ 8.0 +63.8% +80.9% Container 20.2 13.0 +55.4% +79.6% Label 57.5 39.1 +47.1% +5
Slide 12: Discontinued Operations - Custom Manufacturing (NA)
Discontinued Operations - Custom Manufacturing (NA) Periods Ended September 30th Quarter to date Year to date (in millions of Cdn dollars) 2004 2005 * 2004 % Sales $ 158.3 $ 246.8 $ 453.1 (45.5%) Operating Income $ 8.3 $ 8.9 $ 18.9 (52.9%) Return on Sales 5.2% 3.6% 4.2% Return on Service Revenue 18.
Slide 13: ColepCCL - Third Quarter
ColepCCL Third Quarters Ended September 30th Custom Europe & ColepCCL ColepCCL (in millions of Cdn dollars) 2005 2004 % 1) Sales $ 46.5 $ 46.8 (0.6%) Operating Income $ 3.6 $ 3.5 2.9% Return on Sales 7.7% 7.5% EBITDA $ 5.3 $ 7.1 (25.4%) % of Sales 11.4% 15.2% 1) ColepCCL sales were up for the quarte
Slide 14: ColepCCL - Nine Months
ColepCCL Nine Months Ended September 30th Custom Europe & ColepCCL ColepCCL (in millions of Cdn dollars) 2005 2004 % 1) Sales $ 145.7 $ 147.6 (1.3%) Operating Income $ 13.1 $ 8.0 63.8% Return on Sales 9.0% 5.4% EBITDA $ 19.0 $ 14.2 33.8% % of Sales 13.0% 9.6% 1) ColepCCL sales were essentially flat
Slide 15: Container - Third Quarter
Container Third Quarters Ended September 30th Excl. currency translation & (in millions of Cdn dollars) 2005 2004 % transactions 1) Sales $ 66.2 $ 54.0 22.6% +28.7% Operating Income $ 6.9 $ 4.0 72.5% +98.7% Return on Sales 10.4% 7.4% EBITDA $ 11.8 $ 8.6 37.2% % of Sales 17.8% 15.9% 1) Excluding fore
Slide 16: Container - Nine Months
Container Nine Months Ended September 30th Excl. currency translation & (in millions of Cdn dollars) 2005 2004 % transactions 1) Sales $ 188.3 $ 159.4 18.1% +24.9% Operating Income $ 20.2 $ 13.0 55.4% +79.6% Return on Sales 10.7% 8.2% EBITDA $ 33.9 $ 26.6 27.4% % of Sales 18.0% 16.7% 1) Excluding fo
Slide 17: Container - Actual Unit Volume Comparison
Container Actual Unit Volume Comparison Q3 2005 YTD 2005 Year 2004 Year 2003 vs. vs. vs. vs. Q3 2004 YTD 2004 Year 2003 Year 2002 Aerosol Cans & Beverage Bottles +28.4% +28.1% +22.3% 14.8% Plastic Tubes (13.6%) +5.3% (5.6%) (2.7%) 17
Slide 18: Label - Third Quarter
Label Third Quarters Ended September 30th Excl. currency (in millions of Cdn dollars) 2005 2004 % translation 1) Sales $ 169.2 $ 119.2 +41.9% +50.2% Operating Income $ 19.1 $ 10.5 +81.9% +90.5% Return on Sales 11.3% 8.8% EBITDA $ 29.6 $ 18.7 +58.3% % of Sales 17.5% 15.7% 1) Excluding foreign exchang
Slide 19: Label - Nine Months
Label Nine Months Ended September 30th Excl. currency translation & (in millions of Cdn dollars) 2005 2004 % divestiture 1) Sales $ 493.7 $ 385.7 +28.0% +36.5% Operating Income $ 57.5 $ 39.1 +47.1% +58.4% Return on Sales 11.6% 10.1% EBITDA $ 86.5 $ 62.3 +38.8% % of Sales 17.5% 16.2% 1) Excluding for