Slide 1: Second Quarter 2013 Financial Review and Analysis
Second Quarter 2013 Financial Review and Analysis (preliminary, unaudited) Supplemental Presentation Materials Unless otherwise indicated, the discussion of the company’s results is focused on its continuing operations, and comparisons are to the same period in the prior year. Results reflect classi
Slide 2: Forward-looking statements
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, are subject to certain
Slide 3: 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. These non-GAAP financial measures are not in accordance with, nor are they a substitute for or superior to, the comparable GAAP financial measures. Reconciliations of non-GAAP f
Slide 4: Second Quarter Overview
Second Quarter Overview Results in line with company’s expectations Sales up approx. 5% on organic basis driven by higher volume Operating margin, as reported, improved 180 basis points as the benefit of productivity initiatives, higher volume, and a gain on sale of assets more than offset higher em
Slide 5: Sales Trend Analysis
2Q12 3Q12 4Q12 1Q13 2Q13 Organic Sales Change 3.7% 6.1% 6.7% 3.7% 5.0% Currency Translation (4.4%) (6.7%) (1.5%) 0.3% (0.6%) Reported Sales Change* (0.6%) (0.5%) 5.0% 3.9% 4.2% Sales Trend Analysis *Totals may not sum due to rounding and other factors.
Slide 6: Segment Sales and Margin Analysis
Segment Sales and Margin Analysis 2Q13 Reported Organic Sales Growth: Pressure-sensitive Materials 3% 4% Retail Branding and Information Solutions 7% 8% Other specialty converting businesses (1%) 6% Continuing Operations 4% 5% Adjusted As Reported (Non-GAAP) 2Q13 2Q12 2Q13 2Q12 Operating Margin: Pre
Slide 7: Second Quarter Segment Overview
Second Quarter Segment Overview PRESSURE-SENSITIVE MATERIALS (PSM) Reported sales of $1.11 bil., up approx. 3% compared to prior year Sales up approx. 4% on organic basis Label and Packaging Materials sales up mid-single digits on organic basis Combined sales for Graphics, Reflective, and Performanc
Slide 8: Contributing Factors to 2013 Guidance
Contributing Factors to 2013 Guidance Organic sales growth of 2% to 4% At recent rates, currency translation has modest positive benefit to reported sales growth and EBIT Incremental pre-tax benefit from restructuring actions ~ $70 mil. Interest expense of ~$60 mil. Tax rate comparable to 2012 Restr
Slide 9: 2013 EPS and Free Cash Flow Guidance
2013 EPS and Free Cash Flow Guidance (continuing operations) Add Back: Estimated restructuring costs and other items, net of gain on sale of assets ~ $0.10 Adjusted EPS (non-GAAP) Reported EPS $2.40 - $2.60 Free Cash Flow $275 mil. - $315 mil. $2.50 - $2.70
Slide 10: [LOGO] oration. All rights reserved. Avery Dennison and all other Avery brands, product names
[LOGO] © 2011 Avery Dennison Corporation. All rights reserved. Avery Dennison and all other Avery brands, product names and codes are trademarks of Avery Dennison Corporation. All other brands and product names are trademarks of their respective owners. Fortune 500 is a trademark of Time, Inc. Perso