Tredegar Corporation · NYSE:TG
Tredegar — Shareholder Meeting (May 2019)
22 slides from Tredegar's shareholder meeting presentation, May 6, 2019
Slide 1: Annual Meeting 2019
ANNUALMEETING 2019 Exhibit 99.2
Slide 2: Annual Meeting Business Report
Annual Meeting Business Report Bill GottwaldChairman of the Board of Directors
Slide 3: 2019 Annual Meeting Agenda
2019 Annual Meeting Agenda 3 Annual Meeting Business ReportMeet John Steitz, President and Chief Executive OfficerTredegar Financial ReportDrew Edwards, Vice President and Chief Financial OfficerThe Tredegar Way, John SteitzQuestions
Slide 4: Forward Looking Statements & Non-GAAP Measures
2019 Annual Meeting Forward Looking Statements & Non-GAAP Measures 4 Certain statements contained in this presentation are forward-looking statements. Pursuant to federal securities regulations, we have set forth cautionary statements relating to those forward-looking statements in our Annual Report
Slide 5: Meet John Steitz
5 CEO, Addivant Corporation (2015-2019)Director, Tredegar Corporation (2017-present)COO, Albemarle Corporation (2007-2012) 2019 Annual Meeting Meet John Steitz
Slide 6: Tredegar Financial Report
Tredegar Financial Report Drew EdwardsVice President and Chief Financial Officer
Slide 7: Bridge of Tredegar 2017 to 2018 EPS from Ongoing Operations
2019 Annual Meeting Bridge of Tredegar 2017 to 2018 EPS from Ongoing Operations 7 ($ Millions Except EPS Data)
Slide 8: Outlook
2019 Annual Meeting 2019 Outlook 8 PE FilmsPersonal Care: Quarterly profit decline after Q4-18 from customer product transition expected of ~$3.5 millionSales growth from investments in new products plus cost optimization key to improvementsSurface Protection: Customer product transition that could
Slide 9: Tredegar Debt, Net of Cash (Net Debt)
2019 Annual Meeting Tredegar Debt, Net of Cash (“Net Debt”) 9 ($ Millions) Net debt at 3/31/19 of $74 million. Cash dividend from kaléo of $17.6 million received 4/30/19.
Slide 10: Internal Control Over Financial Reporting (SOX Compliance)
2019 Annual Meeting Internal Control Over Financial Reporting (“SOX Compliance”) 10 Prior auditor’s 2017 audit of Tredegar inspected by the Public Company Accounting Oversight Board (the “PCAOB”)Following the PCAOB’s inspection, auditor and Tredegar found material weaknesses in internal controlsBut
Slide 11: The Tredegar Way
The Tredegar Way John SteitzPresident and Chief Executive Officer
Slide 12: The Tredegar Way: Five Principles for Driving Shareholder Value
2019 Annual Meeting The Tredegar Way 12 Margins Velocity Topline Growth Leadership New Investment Five Principles for Driving Shareholder Value Driving Shareholder Growth
Slide 13: Topline Growth
2019 Annual Meeting Topline Growth 13 Taking care of customer needs - the right product in the right place at the right timeMarket share growth and new product innovationBroadening definition of customer needs to adjacent market opportunitiesWhat are customers working on that is new and exciting?Dri
Slide 14: Margins
2019 Annual Meeting Margins 14 Strategic pricingAchieving value for Tredegar technology and serviceOptimal product mixHigher margins ascending the value chainContinuous improvement of processes, costs and yieldsLeadership and core competency in quality and manufacturing
Slide 15: Velocity
2019 Annual Meeting Velocity 15 Speed-to-marketMust be nimble and responsiveCritical operational tasksPrecise supply chain planningMachinery, equipment and plant utilizationEliminate idle costs and wasteWorking capital managementThe higher our efficiency the greater our CASH generation
Slide 16: New Investment
2019 Annual Meeting New Investment 16 Needed to support topline growth, new opportunities, cost reduction, safety improvement and protection of our environmentAcquisitionsEarn the right to invest in businesses we understand and are accretive to our earnings, margins and CASH generationTotal return t
Slide 17: Leadership
2019 Annual Meeting Leadership 17 Winning attitudeExecute, execute, executePower of specificityFollow-through with attention to detailFocus on critical priorities, accountability and metricsIncentives and rewards aligned with Tredegar shareholders
Slide 18: The Tredegar Way: Driving Shareholder Growth
2019 Annual Meeting The Tredegar Way 18 Margins Velocity Topline Growth Leadership New Investment Achieving shareholder value and excellence in all that we do Driving Shareholder Growth
Slide 19: Questions
Tredegar as > f Questions ee
Slide 20: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations
Slide 21: GAAP to Non-GAAP Reconciliations
2019 Annual Meeting GAAP to Non-GAAP Reconciliations 21
Slide 22: GAAP to Non-GAAP Reconciliations
2019 Annual Meeting GAAP to Non-GAAP Reconciliations 22