Rpm International Inc. · NYSE:RPM
Rpm International — Q1 FY2020 Earnings Presentation
13 slides from Rpm International's earnings presentation, Oct 2, 2019
Slide 1: RPM First Quarter Results Fiscal Year 2020
: i as a a ® g RPM First Quarter Results Fiscal Year 2020 RPM International Inc.
Slide 2: Consolidated Statements of Income (Fiscal Year)
Consolidated Statements of Income (As Reported) ($ in thousands, except per share and percent data) Fiscal Year Ended May 31, % 2019 % 2018 % Change Net Sales $ 5,564,551 $ 5,321,643 4.6 Cost of Sales 3,476,231 62.5 3,305,095 62.1 Gross Profit 2,088,320 37.5 2,016,548 37.9 SG&A 1,596,043 28.7 1,498,
Slide 3: Consolidated Statements of Income (Quarter)
Consolidated Statements of Income (As Reported) ($ in thousands, except per share and percent data) Unaudited Three Months Ended August 31, 2019 % 2018 % % Change _ Net Sales $ 1,472,764 $ 1,459,989 0.9 Cost of Sales 898,010 61.0 910,636 62.4 Gross Profit 574,754 39.0 549,353 37.6 SG&A 400,566 27.2
Slide 4: Reconciliations of Non-GAAP Measures To GAAP Measures
RUSTOL”EUM baa fl PM Reconciliations of Non-GAAP Measures To GAAP Measures RPM International Inc.
Slide 5: Free Cash Flow Generation (Non-GAAP Measure)
Free Cash Flow Generation (Non-GAAP Measure) ($ in thousands) Fiscal Year Ended May 31, 2019 2018 2017 2016 2015 Cash Flows from Operating Activities: Net income $ 267,687 $ 339,257 $ 184,671 $ 357,458 $ 228,328 Depreciation and amortization 141,742 128,499 116,773 111,039 99,176 Working capital and
Slide 6: Adjustments Detail
Adjustments Detail (a) (b) (c) (d) (e) (f) (g) (h) (i) Inventory related charges reflect the following in fiscal 2020; charges recorded in cost of goods sold that reflect product line and SKU rationalization at our Consumer Segment, as well as charges in connection with restructuring activities at o
Slide 7: RPM Consolidated
EBIT** (Non-GAAP Measure): RPM Consolidated (As Reported) {S$ in thousands, except per share and percent data) (Unaudited) Three Months Ended August 31, 2019 2018 Income Before Income Taxes S 142,849 S 91,938 Add: Interest Expense, Net* 22,932 21,973 EBIT** (non-GAAP measure) 165,781 113,911 Invento
Slide 8: Reconciliation of "Reported" to "Adjusted" EPS
Reconciliation of "Reported" to "Adjusted" EPS (Unaudited) Three Months Ended August 31, 2019 2018 Reconciliation of Reported Earnings per Diluted Share to Adjusted Earnings per Diluted Share (All amounts presented after-tax): Reported Earning per Diluted Share S 0.82 $ 0.52 Inventory-related charge
Slide 9: Construction Products Segment
EBIT** (Non-GAAP Measure): Construction Products Segment (As Reported) (5 in thousands, except per share and percent data} (Unaudited) Three Months Ended August 31, 2019 2018 Income Before Income Taxes S 82,680 s 65,044 Add: Interest Expense, Net* 2,027 2,290 EBIT** (non-GAAP measure) 84,707 67,334
Slide 10: Performance Coatings Segment
EBIT** (Non-GAAP Measure): Performance Coatings Segment Rpm {As Reported) ($ in thousands, except per share and percent data) (Unaudited) Three Months Ended August 31, 2019 2018 Income Before Income Taxes $ 28,057 S 8,325 Add: Interest Expense, Net* 129 118 EBIT** (non-GAAP measure) 28,186 8,443 Inv
Slide 11: Consumer Segment
EBIT** (Non-GAAP Measure): Consumer Segment (As Reported) ($ in thousands, except per share and percent data) (Unaudited) Three Months Ended August 31, 2019 2018 Income Before Income Taxes $ 59,158 $ 50,969 Add: Interest Expense, Net* 105 174 EBIT** (non-GAAP measure) 59,263 51,143 Inventory-related
Slide 12: Specialty Segment
EBIT** (Non-GAAP Measure): Specialty Segment (As Reported) ($ in thousands, except per share and percent data) (Unaudited) Three Months Ended August 31, 2019 2018 Income Before Income Taxes S 23,327 S 23,816 Add: Interest (Income), Net* (26) (93) EBIT** (non-GAAP measure) 23,301 23,723 Restructuring
Slide 13: EBIT & EBITDA (Non-GAAP Measures)
EBIT* & EBITDA (Non-GAAP Measures) ‘Jn thousands} Net income Add: Provision (benefit) for income taxes Add: Interest expense Add: Investment expense (income), net Add: 2020 MAP to Growth related initiatives Add: Acquisition-related charges Add: Convertible debt extinguishment Add: Loss on South Afri