O-i Glass, Inc. · NYSE:OI
O-i Glass — Owens Illinois — FY2009 Earnings Presentation
15 slides from O-i Glass's earnings presentation, Jan 27, 2010
Slide 1: O-I Earnings Presentation Fourth Quarter and Full Year 2009
O-I Earnings Presentation Fourth Quarter and Full Year 2009 January 27, 2010
Slide 2: Introduction, Regulation G and Forward Looking Statements
Introduction Agenda Business discussion Financial review Business outlook Concluding remarks and Q&A Presenters Regulation G The information included in this presentation regarding adjusted net earnings relates to earnings from continuing operations exclusive of items management considers not repres
Slide 3: Business Discussion: Full Year and Fourth Quarter 2009 Highlights
Business Discussion: Full Year and Fourth Quarter 2009 Highlights Strong financial performance amid global economic recession FY09: Strong performance amid global recession $2.93/sh: one of our best results since 1991 IPO $372 million free cash flow generated Shipments down, but improved throughout
Slide 4: Business Discussion: Segment Operating Profit
Business Discussion: Segment Operating Profit Solid finish to a year impacted by challenging market conditions ($millions) ($millions) Full Year Fourth Quarter $20 $79 $38 $20 $53 $70 $33 $40 $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 Europe North America South America Asia Pacific 4Q 2008 4Q 2009
Slide 5: Financial Review: 4Q09 Sales, Profit and EPS Reconciliations
Financial Review: 4Q09 Sales, Profit and EPS Reconciliations Higher operating profit more than offsets larger non-operational costs 1 Reportable segment sales exclude $12 million, principally for the company’s global equipment sales business. 2 The major components of the 4Q09 manufacturing and deli
Slide 6: Financial Review: Full Year Sales, Profit and EPS Reconciliations
Financial Review: Full Year 09 Sales, Profit and EPS Reconciliations Achieved segment profit of nearly $1 billion 1 Reportable segment sales exclude $46 million, principally for the company’s global equipment sales business. 2 The major components of the full year 2009 manufacturing and delivery lin
Slide 7: Financial Review: Free Cash Flow Reconciliation
Financial Review: Free Cash Flow Reconciliation (1) 2009 free cash flow rivals record 2008 level (2) ($millions) 1 Free Cash Flow equals cash provided by continuing operating activities less capital spending for continuing operations. 2 Other Operating Items is comprised of retained corporate costs,
Slide 8: Financial Review: Balance Sheet and Cash Flow
Financial Review: Balance Sheet and Cash Flow Improvement in already strong financial position supports strategic priorities Gross and Net Debt Cash and Debt Year-end Cash: $812 million 2009; $380 million 2008 Year-end Reported Debt: $3.61 billion 2009; $3.33 billion 2008 Year-end Net Debt: $2.80 bi
Slide 9: Asbestos Review
Asbestos Review Asbestos-related cases and payments continue to decline New Filings and Pending Cases Total Liability and Payments # of filings/cases ($millions) - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2003 2004 2005 2006 2007 2008 2009 Pending New $0 $200 $400 $600 $800 $1,000 2003
Slide 10: Business Outlook: 1Q10 and Full Year 2010
Business Outlook: 1Q10 and Full Year 2010 (1) Well positioned to drive profitable growth in 2010 as market recovers (1) - All items are estimates, all estimates are approximate, estimates are subject to change throughout the year. Reported results can be significantly affected by changing foreign cu
Slide 11: Concluding Remarks and Q&A
Concluding Remarks and Q&A Investor day Thursday, March 18, 2010, 8:30am ET at New York Stock Exchange First quarter 2010 earnings dates Press release to be issued after market close Wednesday, April 28, 2010 Earnings conference call Thursday, April 29, 2010, 8:30 a.m. ET Investor relations contacts
Slide 12: Appendix
January 27, 2010 Appendix Fourth Quarter and Full Year 2009 O-I Earnings resentation Ci
Slide 13: Reconciliation of GAAP to non-GAAP Items (4Q)
Reconciliation of GAAP to non-GAAP Items (4Q) Three months ended December 31 $ Millions, except per share amounts 2009 2008 Earnings EPS Earnings EPS Net loss attributable to the Company $(159.3) $(0.95) $(229.7) $(1.39) Less loss from discontinued operations $(1.1) $(0.01) Loss from continuing oper
Slide 14: Reconciliation of GAAP to non-GAAP Items (Full Year)
Reconciliation of GAAP to non-GAAP Items (Full Year) Twelve months ended December 31 $ Millions, except per share amounts 2009 2008 Earnings EPS Earnings EPS Net earnings attributable to the Company $161.8 $0.95 $258.3 $1.52 Less gain on sale of discontinued operations - 6.8 0.04 Earnings from conti
Slide 15: Free Cash Flow
Free Cash Flow (1) Free Cash Flow equals cash provided by continuing operating activities less capital spending for continuing operations. Gain (loss) from discontinued operations $ Million Three months ended Dec. 31 Twelve months ended Dec. 31 2009 2008 2009 2008 Net earnings (loss) attributable to