Myers Industries, Inc. · NYSE:MYE
Myers Industries — Investor Presentation (October 2010)
27 slides from Myers Industries's investor presentation, October 2010
Slide 1: Driving Growth and Enhancing Shareholder Value
Capital Discipline Portfolio Optimization Operations Excellence Innovation Driving Growth and Enhancing Shareholder Value Investor Overview Presentation October 2010 Leadership Brands Helping Customers Grow!
Slide 2: Our Actions Are Focused on Driving Growth and Enhancing Value
Our Actions Are Focused on Driving Growth and Enhancing Value and Returns for ALL Shareholders! 2
Slide 3: A Leading Portfolio of Branded Products, Strong Growth Market Positions
A Leading Portfolio of Branded Products, Strong Growth Market Positions Myers is a Diversified Manufacturer in 3 Segments, and a Distributor in 1 Segment. . . Material Handling: $254.1mm, ~ 36% of Sales Lawn & Garden: $220.3mm, ~ 31% of Sales Leading brands providing material handling supply chain s
Slide 4: Long-Term Growth Strategy
Long-Term Growth Strategy Focused on Value Creation Leadership Brands Helping Customers Grow! 4
Slide 5: Segment Goals: Be the Leading Provider
Material Handling: Be the Leading Provider of Material Handling Container and Pallet Solutions to diverse end markets, focused on value-driven innovation, product selection and superior service to improve our customers’ supply chain performance. Lawn & Garden: Be the Leading Provider of Horticultura
Slide 6: Our Actions Are Focused on Driving Growth and Enhancing Value
Our Actions Are Focused on Driving Growth and Enhancing Value and Returns for ALL Shareholders! 6
Slide 7: Business Portfolio: Competitive Positioning & Growth Opportunities
Business Portfolio: Competitive Positioning & Growth Opportunities in Our Segments Leadership Brands Helping Customers Grow! 7
Slide 8: Material Handling Segment
Material Handling Segment: (36% of Net Sales) Packaging to Reduce Supply Chain Costs. . . • Complete Plastic Reusable Packaging Solutions: Bulk Containers, Pallets, Hand-held Totes & Bin Systems • Serving Diverse Markets/Customers: Industrial, Agriculture, Food Processing, Healthcare, Automotive, Di
Slide 9: Lawn & Garden Segment
Lawn & Garden Segment: (31% of Net Sales) From Seed to Sold, Containers for Growth! • Industry-leading Brands & Products: Plastic Flowerpots, Hanging Baskets, Flats, Planters & Eco- / “Green” Products • Full Market Coverage: Professional Growers (Greenhouse & Vivid Color! Labeling and printing proce
Slide 10: Engineered Products Segment
Engineered Products Segment: (10% of Net Sales) Custom Molding Value-Added Solutions. . . • Custom Product Solutions for Diverse Markets: RV, Automotive, Marine, Industrial, Tire Service & More Custom Solutions! Molded water tanks, fuel tanks and parts for the Recreational Vehicle and Watercraft mar
Slide 11: Distribution Segment
Distribution Segment: (23% of Net Sales) Selection, Service & Technology Driving Customer Satisfaction. . . • Superior Product Selection: The One-Stop Shop for Tools, Tire Valves for Any Size Passenger or Truck Tire. Equipment & Supplies – Wheel Weights to Valves to Tire Changers Impact Wrenches and
Slide 12: Summary Financial Performance
Summary Financial Performance – As of 2nd Quarter Ended June 30, 2010 Leadership Brands Helping Customers Grow! 12
Slide 13: Consolidated Financial Profile – Six Months Ended June 30, 2010
Consolidated Financial Profile – Six Months Ended June 30, 2010 Net Sales – As Reported Continuing Operations ($ in Millions) $400.0 • Gradual improving volumes in markets !"'(%)& !"#$%"& • Volume and productivity gains offset by $300.0 raw material cost pressures, mainly in Lawn & Garden Segment $2
Slide 14: Strong Cash Flow Position
Strong Cash Flow Position – As of Dec. 31, 2009 ($ in Millions) $100 $96.3* $80 $73.1 Cash from $61.0* Operations $48.7 $69.5 $60 $1.7 - CapEx $18.3 Free - Dividends Paid Cash $40 Divide nds - Free Cash CapE x $7.6 $20 $8.4 $16.0 $41.0 $19.2 $0 2009 2008 2007 Strong Cash Flow Generation for. . . - R
Slide 15: Our Actions Are Focused on Driving Growth and Enhancing Value
Our Actions Are Focused on Driving Growth and Enhancing Value and Returns for ALL Shareholders! 15
Slide 16: Appendix
Appendix Leadership Brands Helping Customers Grow! 16
Slide 17: Condensed Statements of Income (Loss)
Table of Contents Part I — Financial Information Condensed Statements of Income (Loss) Myers Industries, Inc. Condensed Statements of Consolidated Income (Loss) (Unaudited) Quarter & Six Months EndedForJune the Three and Six Months Ended June 30, 2010 and 2009 30, 2010 (Dollars andexcept in thousand
Slide 18: Segment Financial Results – Six Months Ended June 30, 2010
Segment Financial Results – Six Months Ended June 30, 2010 $,), & &$,,* && ($ in Millions) K54&L@B53 &/0123450 & &/0123450 && &M&N& !"#$%&%'"()*$ %;;<,2 % %;;-,. % %1C,24% 5"6*(7"8%9"$)87$: %;..,- % %;.C,/ % %13,+4% =7>6(7?@AB$ %0.,2 % %2/,+ % %0,;4% D$:7$**(*)%E(B)@F6> %+<,. % %<;,; % %C;,-4% D87O7
Slide 19: Reconciliation of Non-GAAP Financial Measures
Myers Industries Reports 2010 Second Quarter Results— 07/22/10 page 5 of 5 Reconciliation of Non-GAAP Financial Measures MYERS INDUSTRIES, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES INCOME BEFORE TAXES BY SEGMENT ($ in millions) Quarter & Six Months Quarter Ended June 30, Six Months Ended Ju
Slide 20: Condensed Statements of Consolidated Cash Flows
Table of Contents Part I — Financial Information Myers Industries, Inc. Condensed Statements of Consolidated Cash Flows (Unaudited) Condensed Statements of Consolidated Cash Flows For the Six Months Ended June 30, 2010 and 2009 (Dollars in thousands) Six Months Ended June 30, 2010 and 2009 ($ in Tho
Slide 21: Condensed Statements of Consolidated Financial Position
Table of Contents Part I — Financial Information Item 1. Financial Statements Myers Industries, Inc. Condensed Statements of Consolidated Financial Position Condensed Statements of Consolidated Financial Position As of June 30, 2010 (Unaudited) and December 31, 2009 (Dollars in thousands) As of June
Slide 22: Capital Expenditures
Capital Expenditures ($ in Millions) CapEx has averaged approx. 2 – 2.5% of revenues in recent years, except 2008 when the company made strategic investment in new technology for innovation. !',%#& $42.0 $35.0 $28.0 !)*%$& $21.0 !)#%,& $14.0 !*%"& $7.0 $0.0 2007 2008 2009 Q2 YTD 2010 22
Slide 23: Debt Structure
Debt Structure Credit Facility Private Placement • $250 mm Revolver • $100 mm • $235 mm available as of Q2 2010 • $65 mm: December 2010 • October 2011 • $35 mm: December 2013 • Leverage Based Grid • December 2010: 6.08% • LIBOR + 62.5 bps • December 2013: 6.33% • Stock of Domestic Subs • Stock of Do
Slide 24: MYE Stock Price: October 6, 2009 – October 5, 2010
MYE Stock Price: October 6, 2009 – October 5, 2010 Current Analyst Ratings: Buy (2), Neutral (1) Price Target: $12.00 Growth Opportunities Presenting Upside on a Risk / Reward Basis as MYE’s Markets Recover 24
Slide 25: 2010 — Manufacturing Locations
2010 — Manufacturing Locations a aa Aa td ase a* 446 a a a 4 a a 18 Manufacturing Locations “& @ Material Hendting = 4+ 1 Braait Brapl @ Ld Garten =s & Engineered Products = 5 0
Slide 26: 2010 — Distribution Group Branch Locations
ee A 1 — 2010 — Distribution Group Branch Locations 26
Slide 27: Safe Harbor Disclosure / Cautionary Statement
Safe Harbor Disclosure / Cautionary Statement Statements in this presentation concerning the Company’s goals, strategies, and expectations for business and financial results may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are based o
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