Myers Industries, Inc. · NYSE:MYE
Myers Industries — Investor Presentation (March 2014)
22 slides from Myers Industries's investor presentation, Mar 18, 2014
Slide 1: Myers Industries, Inc. Investor Presentation March 2014
Myers Industries, Inc. Investor Presentation March 2014 Exhibit 99.1
Slide 2: Strategic & Financial Goals to Drive Shareholder Value
Strategic Goals Strategic & Financial Goals to Drive Shareholder Value Financial Goals • Focus on industries that have strong, sustainable growth and profit potential • Position our businesses to grow through new products, geographic expansion and acquisitions • Invest within our five business growt
Slide 3: Company at a Glance
Company at a Glance 2013 Net Sales 2013 Adjusted EBIT Material Handling Lawn & Garden Engineered Products Distribution Two core businesses; four reporting segments: 1. Manufacturer of polymer products 1. Material Handling 2. Engineered Products 3. Lawn and Garden 2. Wholesale distributor 4. Distribu
Slide 4: nds for reusable containers and pl
nds for reusable containers and pl reducing supply cain to replace cardboard se and casts BUCKHORN jakro-mis UMYE Reta Distibut 1 Myers Industries Lawn & Garden Group Polymer Products Decorative Resin Pan Merchandising | svat Engineered Products Engineered pase oo verse riche markets, ents, custom p
Slide 5: Growth Platforms
Growth Platforms Platform Segment Growth Recent Acquisitions Returnable Packaging Storage & Safety Products Tire Repair & Retread Products Specialty Molding Tire Supply Distribution Material Handling Drive conversions to reusable products through further penetration of food, liquid, bulk solids and
Slide 6: Innovative Products in 2013
Innovative Products in 2013 Lawn and Garden Material Handling Engineered Products Distribution Polymer Products Distribution Grower Decorative Containers Decorative Products for Retail 32x30 Bulk Box (Gen II) 640-lb CheeseBox Novel Beverage Crate AirFlexx Bendable Air Valve Myers Pneumatics Line TPM
Slide 7: Slide 7
Slide 8: Progress Towards Financial Goals
Progress Towards Financial Goals Key Accomplishment Metrics See Reconciliations of Non - GAAP Measures on slides 16 & 17 for details regarding adjusted calculations in the above chart Metric Goal Sales Growth (1) > 1.5x GDP 4.3% 4.7% Adjusted Gross Margin > 29% 27.7% 27.4% Adjusted EPS Growth >20% C
Slide 9: Strong & Flexible Balance Sheet
Strong & Flexible Balance Sheet Note: 1) Net Debt-to-Capital ratio calculated as net debt/(net debt + equity). Net Debt-to-Capital Maintaining strong balance sheet for investments and returning capital to shareholders
Slide 10: Solid Cash Flow Generation
Solid Cash Flow Generation $31 $18 $29 $55 $77 $20 $57 $25 $42 $34 $66 Notes: 1) Free cash flow calculated as cash flow from continuing operations less capital expenditures. $(Millions) Free Cash Flow Generating Free Cash Flow, Investing for the Future and Returning Cash to Shareholders $0 $20 $40 $
Slide 11: Balanced Approach to Capital Allocation
Balanced Approach to Capital Allocation • New product development • Acquisitions • Dividends • Share repurchases • Debt reduction Grow Shareholder Value Return Capital to Shareholders Re-invest in the Business • Organic growth capital expenditures • Process improvements
Slide 12: Returning Cash to Shareholders
Returning Cash to Shareholders • Increasing Dividends • Increased Q1 2014 quarterly dividend by 44% to $0.13 per share Quarterly Dividends Paid Notes: 1) Above adjusted for stock dividends and splits in 2000, 2001, 2002 and 2004. 2) In 2007 there was an additional special dividend (not shown above)
Slide 13: Appendix
Appendix
Slide 14: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Note on Reconciliation of Income and Earnings Data: Gross profit excluding the items mentioned above in the text of this release and in this reconciliation chart is a non-GAAP financial measure that Myers Industries, Inc. calculates according to the schedule above
Slide 15: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Note: Numbers in the Corporate and interest expense section above may be rounded for presentation purposes. Note on Reconciliation of Income and Earnings Data: Income (loss) excluding the items mentioned above in the text of this release and in this reconciliation
Slide 16: Strategic Principles
Strategic Principles Customer Dedication Innovation Operations Excellence Organization Development Financial Strength • Structure the organization closer to the customer - decentralize • Build and maintain processes to maximize customer input • Lead our industries in service, quality and delivery •
Slide 17: Evolution of the Myers Industries Business Portfolio
Evolution of the Myers Industries Business Portfolio ‘Bucknor 6 Stamatis ea a) Legend: > Formation of Distribution Business —} Formation of Material Handling Business —} Formation of Lawn and Garden Business —> Formation of Engineered Products Business ‘Businesses Created ? Major Companies or Assets
Slide 18: Macro Indicators: Material Handling
Macro Indicators Material Handling MHEM (Material Handling Equipment) Index Source: Material Handling Industry Feb 2014 Forecast
Slide 19: Macro Indicators: Lawn & Garden
Macro Indicators Lawn & Garden Housing Starts; Consumer Sentiment Sources: National Association of Home Builders (NAHB), Jan 2014; Thomson Reuters/University of Michigan, Feb 2014
Slide 20: Macro Indicators: Distribution
Macro Indicators Distribution Replacement Tire Shipments; Miles Driven; Fuel Prices Source: JP Morgan, RMA, Energy Information Administration, Feb 2014
Slide 21: Macro Indicators: Engineered Products
Macro Indicators Engineered Products RVIA; Motor Vehicle and Parts Production Sources: RVIA Forecasts, Dec 2013; FRB G17 Release, Feb 2014
Slide 22: Myers Industries, Inc.
MYERS INDUSTRIES, INC. Leadership Brands Helping Customers Grow!
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