This presentation provides an overview of Libbey Inc. for investors. It discusses Libbey's management team, strategy to create momentum through initiatives focused on profitable growth, operational excellence, and improving the financial and balance sheet position. The strategy aims to return Libbey to its long-term financial goals of revenue growth, adjusted EBITDA margins of 14-15%, net debt to adjusted EBITDA of 2.3-2.7x, and ROIC of 10-12% by 2021 through continuous improvement.
The document provides an overview of Libbey Inc.'s investor day presentation. It cautions that statements made involve forward-looking assumptions and risks. Non-GAAP financial measures are used and reconciliations can be found in the appendix or previous filings. The agenda outlines presentations on strategy, new products, e-commerce, operations excellence, regional overviews, and financial targets through 2021. It aims to demonstrate how the new management team is shaping Libbey's future and executing its Creating Momentum strategy to address challenges facing the industry.
TSN investor presentation september 2016investortyson
The document provides a forward-looking statement regarding Tyson Foods' expected performance and guidance. It cautions readers that actual results may differ materially from expectations due to various economic and industry factors. Specifically, it lists 19 factors that could cause actual results to differ from forward-looking statements, including fluctuations in input costs, market conditions, access to foreign markets, outbreaks of livestock disease, regulatory compliance issues, and legal claims. The document aims to inform investors of risks to Tyson Foods' projections without unduly limiting the company's liability.
This document provides an overview of Libbey Inc. from its annual conference presentation. It discusses Libbey's leadership positions in glass tableware manufacturing, its global footprint and manufacturing capabilities, strategies to drive organic growth and margin expansion, and commitment to disciplined capital allocation including dividends and share repurchases. Libbey aims to deliver top-quartile total shareholder returns through organic expansion, strategic investments, and significant capital returns to investors.
Libbey Inc. reported its Q2 2017 earnings. Net sales declined 10.4% to $197.5 million compared to Q2 2016 due to challenging market conditions including a shift to online retail and lower foodservice traffic. Adjusted EBITDA was $20.2 million, down from $40.6 million in Q2 2016, driven by lower manufacturing activity, sales and margins. For the full year, Libbey expects adjusted EBITDA near the low end of prior guidance and net sales to decline in the low-to-mid single digits.
The document summarizes a presentation given at the CAGNY conference by J.P. Bilbrey, President and CEO of The Hershey Company. It discusses the company's strategies to drive predictable, profitable, and sustainable results globally through international expansion, portfolio growth, delivering strong North American performance, innovation, and leveraging knowledge and capabilities. It provides an outlook for 2015 with a focus on net sales growth, adjusted gross and operating margin expansion, and adjusted earnings per share growth.
Jim Burmeister is the Vice President and CFO of Libbey Inc., a global manufacturer of glass tableware. Libbey has leadership positions in markets across the Americas, and sells over 1.2 billion pieces of tableware annually to foodservice, retail, and business-to-business customers. The company is focused on growth through new product innovation, operational excellence, and organizational effectiveness. Libbey has a strong presence in the Americas and a global manufacturing and distribution footprint.
Libbey Inc. is a global manufacturer of glass tableware. The document discusses Libbey's leadership positions in glass tableware manufacturing, its focus on growth through new product innovation and e-commerce, and operational excellence through supply chain optimization. It provides an overview of Libbey's financial performance, product categories, sales channels of foodservice, retail and business-to-business, and manufacturing and distribution network. New product launches at industry trade shows in 2017 and plans for an e-commerce launch are also summarized.
1) Campbell Soup Company's President and CEO outlined changes underway at the company including reorganizing into three new business divisions and implementing a cost-reduction program.
2) The company is reorganizing into the Americas Simple Meals and Beverages division, Global Biscuits and Snacks division, and Packaged Fresh division to better align with growth strategies.
3) Campbell aims to reduce costs by $200 million annually over three years through initiatives like zero-based budgeting, headcount reductions, and examining all spending categories.
The document provides an overview of Libbey Inc.'s investor day presentation. It cautions that statements made involve forward-looking assumptions and risks. Non-GAAP financial measures are used and reconciliations can be found in the appendix or previous filings. The agenda outlines presentations on strategy, new products, e-commerce, operations excellence, regional overviews, and financial targets through 2021. It aims to demonstrate how the new management team is shaping Libbey's future and executing its Creating Momentum strategy to address challenges facing the industry.
TSN investor presentation september 2016investortyson
The document provides a forward-looking statement regarding Tyson Foods' expected performance and guidance. It cautions readers that actual results may differ materially from expectations due to various economic and industry factors. Specifically, it lists 19 factors that could cause actual results to differ from forward-looking statements, including fluctuations in input costs, market conditions, access to foreign markets, outbreaks of livestock disease, regulatory compliance issues, and legal claims. The document aims to inform investors of risks to Tyson Foods' projections without unduly limiting the company's liability.
This document provides an overview of Libbey Inc. from its annual conference presentation. It discusses Libbey's leadership positions in glass tableware manufacturing, its global footprint and manufacturing capabilities, strategies to drive organic growth and margin expansion, and commitment to disciplined capital allocation including dividends and share repurchases. Libbey aims to deliver top-quartile total shareholder returns through organic expansion, strategic investments, and significant capital returns to investors.
Libbey Inc. reported its Q2 2017 earnings. Net sales declined 10.4% to $197.5 million compared to Q2 2016 due to challenging market conditions including a shift to online retail and lower foodservice traffic. Adjusted EBITDA was $20.2 million, down from $40.6 million in Q2 2016, driven by lower manufacturing activity, sales and margins. For the full year, Libbey expects adjusted EBITDA near the low end of prior guidance and net sales to decline in the low-to-mid single digits.
The document summarizes a presentation given at the CAGNY conference by J.P. Bilbrey, President and CEO of The Hershey Company. It discusses the company's strategies to drive predictable, profitable, and sustainable results globally through international expansion, portfolio growth, delivering strong North American performance, innovation, and leveraging knowledge and capabilities. It provides an outlook for 2015 with a focus on net sales growth, adjusted gross and operating margin expansion, and adjusted earnings per share growth.
Jim Burmeister is the Vice President and CFO of Libbey Inc., a global manufacturer of glass tableware. Libbey has leadership positions in markets across the Americas, and sells over 1.2 billion pieces of tableware annually to foodservice, retail, and business-to-business customers. The company is focused on growth through new product innovation, operational excellence, and organizational effectiveness. Libbey has a strong presence in the Americas and a global manufacturing and distribution footprint.
Libbey Inc. is a global manufacturer of glass tableware. The document discusses Libbey's leadership positions in glass tableware manufacturing, its focus on growth through new product innovation and e-commerce, and operational excellence through supply chain optimization. It provides an overview of Libbey's financial performance, product categories, sales channels of foodservice, retail and business-to-business, and manufacturing and distribution network. New product launches at industry trade shows in 2017 and plans for an e-commerce launch are also summarized.
1) Campbell Soup Company's President and CEO outlined changes underway at the company including reorganizing into three new business divisions and implementing a cost-reduction program.
2) The company is reorganizing into the Americas Simple Meals and Beverages division, Global Biscuits and Snacks division, and Packaged Fresh division to better align with growth strategies.
3) Campbell aims to reduce costs by $200 million annually over three years through initiatives like zero-based budgeting, headcount reductions, and examining all spending categories.
StoneMor Partners L.P. provided forward-looking statements and cautioned readers that actual results could differ materially from projections. The document included risks such as changes in the death rate, regulatory environments, litigation, cyber security attacks, and financial conditions of insurance companies. StoneMor then provided an overview of its operations including its footprint in 28 states, number of locations, number of burials, revenues, and assets held in merchandise and perpetual care trusts.
Jim Burmeister is the Vice President and CFO of Libbey Inc. Bill Foley is the Chairman and CEO. Libbey is a global manufacturer of glass tableware, with the number one market position in the US and Canada for foodservice and retail channels. It sells over 1 billion pieces annually. Libbey is focused on growth through new product innovation, improving its supply chain and operational excellence, and allocating capital to investing in the business and returning cash to shareholders. It has a strong financial position to support these strategic priorities.
Gregg Engles, Chairman and CEO of WhiteWave Foods, presented at the CAGNY2014 conference. He discussed WhiteWave's mission of changing the way the world eats for the better through convenient, flavorful, nutritious, and responsibly produced food and beverage options. Engles provided an overview of WhiteWave's financial performance, brands, growth strategies, and recent acquisitions. He highlighted the company's focus on innovation, brand building, and expanding into new categories and geographies.
Neil Kimberley Bevnet Dec 2013 PresentationNeil Kimberley
The document discusses projections for growth in the US beverage market over the next five years. It notes that while carbonated soft drinks have declined as a percentage of sales, total beverage sales have grown steadily over the past decade and are projected to continue moderate growth of around 1.4% annually through 2018. Non-carbonated beverages have been the driver of overall category growth and are expected to continue outpacing carbonated drinks. The document outlines five key opportunities for beverage companies to capitalize on this trend, including expanding retail space and promotions for non-CSDs, evolving consumer preferences, opportunities in value price segments, changing product forms and sales channels, and potential impacts from changes in sweetener formulation.
Tyson Foods has focused on achieving consistent, profitable growth through strategies like growing their international and prepared foods businesses. They aim for 3-4% annual revenue growth and 10% EPS growth over time. Their presentation discusses trends in the global protein market like rising demand, flat US production, and increasing exports. Tyson believes their diversity of proteins, brands and products positions them well for growth opportunities both domestic and abroad.
This presentation by Mondelēz International discusses the company's strategy and financial outlook. Some key points:
- Mondelēz aims to grow revenue at or above snack category growth rates through focusing on power brands and revenue management actions. It also aims to expand margins by reducing supply chain and overhead costs.
- In 2015, Mondelēz delivered organic net revenue growth of 1.4%, adjusted operating income margin expansion of 150 basis points, and adjusted EPS growth of 13.5% on a constant currency basis.
- For 2016, Mondelēz expects organic net revenue growth of at least 2%, adjusted operating income margin expansion to 15-16%, and double-digit
Pinnacle Foods provided forward-looking statements and discussed non-GAAP financial measures in their presentation at the Barclays Global Consumer Staples Conference. They noted forward-looking statements are based on management's expectations and targets but actual results may differ. Non-GAAP measures exclude special charges not expected to recur regularly. Pinnacle uses these to focus on performance without these charges and believes they are helpful to investors.
General Mills held its annual CAGNY conference to discuss new growth opportunities. Ken Powell, Chairman and CEO, kicked off the conference by highlighting the company's long history of growth since 1866 and its transition to becoming a global food company by 1995. Jeff Harmening then provided an update on the U.S. Retail segment, noting challenges in the first half of fiscal year 2015 but expectations for renewed sales and profit growth in the second half through actions like focusing on key businesses like cereal, yogurt, and snacks. Chris O'Leary followed with details on the company's strategies for continued international growth.
Sprouts Farmers Market provides a summary of their investor deck which outlines their business strategy and financial performance. Key points include:
- Sprouts offers fresh, natural and organic foods at affordable prices, appealing to a broad customer base. They have significant room for growth through new store openings.
- The company has a differentiated go-to-market strategy of focusing on produce and creating a comfortable shopping environment. This drives strong and consistent sales growth across existing stores.
- Financial targets include annual unit growth of 14%, comparable store sales growth of 6%+, and net income growth of 20%+ through new store openings and margin expansion in existing stores.
Coca Cola Investor Day 2017 - James Qunicey - CEONeil Kimberley
- James Quincey is the President and Chief Executive Officer of The Coca-Cola Company.
- The presentation includes non-GAAP financial measures and forward-looking statements that are subject to risks and uncertainties.
- The presentation discusses strategies to accelerate growth of the Company's leading consumer-centric brand portfolio, drive revenue growth, strengthen the system's value-creation advantage by digitizing the system, and unlock the power of employees.
4Q 2018 Investor Presentation - Regency Centers Jan Hanak
Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member. For more information, please visit regencycenters.com.
This document provides financial information for Campbell Soup Company for the second quarter and first half of fiscal year 2014 compared to the same periods in fiscal year 2013. Some of the key highlights include:
- Net sales increased 6% in Q2 and 2% for the first half. Organic net sales grew 3% in Q2 and declined 1% for the first half.
- Adjusted EBIT increased 15% in Q2 and declined 5% for the first half.
- Adjusted EPS grew 19% in Q2 and declined 4% for the first half.
- Guidance for fiscal year 2014 forecasts net sales growth of 4-5%, adjusted EBIT growth of 4-6%, and adjusted EPS
Brian Kelley, CEO of Keurig Green Mountain, discussed the company's outlook and priorities at the CAGNY Conference on February 19, 2015. The company expects mid-single digit non-GAAP EPS growth in fiscal year 2015 despite negative impacts from foreign exchange rates and equity transactions. Keurig's priorities are to successfully launch the Keurig Cold system, continue investing in innovation, improve growth of the Keurig hot system, and begin global expansion of the Keurig system.
- The document provides forward-looking statements about Tyson Foods' expected performance and notes factors that could cause actual results to differ from expectations.
- It cautions readers not to place undue reliance on forward-looking statements and lists 19 factors that could cause actual results to differ.
- The document is Tyson Foods' investor presentation from March 2015 that provides an overview of the company, its financial trends and outlook, and priorities for cash allocation.
Dirk Van de Put, CEO of Mondelēz International, presented at CAGNY 2019. He outlined the company's strategy to drive accelerated growth by adopting a more consumer-centric approach, focusing on operational excellence, and building a winning culture. Van de Put projected 3%+ organic net revenue growth, high single-digit adjusted EPS growth at constant currency, dividend growth above adjusted EPS growth, and over $3 billion in annual free cash flow as part of an attractive long-term financial outlook. He also highlighted strategic initiatives around global and local brands, new marketing approaches, agile innovation, expanding channels and key markets, and partnerships and M&A to support continued growth.
Tsn investor presentation december 2015investortyson
The document provides forward-looking statements and cautions readers that actual results may differ materially from expectations. It highlights that Tyson Foods is one of the largest food companies in the world with advantaged brands in growing categories. The presentation outlines Tyson's market leadership in protein production, financial trends including sales growth and adjusted EPS growth, and priorities for cash including growing organically, acquisitions, and returning cash to shareholders.
François-Xavier Roger, CFO of Nestlé, discusses the company's focus on sustainability leadership and creating shared value. Nestlé has a proven track record of margin improvement and cost savings over the past 4 years. Sustainability investments of CHF 3.2 billion from 2020-2025 are expected to be earnings-neutral through a similar resource generation model. Sustainability is integral to Nestlé's growth strategy and consumer expectations, including increasing investments in climate action, sustainable packaging, and plant-based products.
The document summarizes a presentation given by Libbey Inc. to investors. It highlights that Libbey is a global leader in glass tableware, especially in foodservice, with opportunities to grow organically and through acquisitions. Libbey has a strategic focus on innovation, customer focus, and business simplification to improve margins and returns. Financially, Libbey aims to balance investing in the business, maintaining financial strength, and returning capital to shareholders.
Tyson Foods has offered to acquire Hillshire Brands for $50 per share, or $6.8 billion including Hillshire's net debt. The acquisition would create a leading integrated protein company and accelerate Tyson's growth strategy by expanding its prepared foods business. Significant synergy opportunities are expected from optimizing procurement, logistics, and production across the combined company's complementary assets. The acquisition is financially compelling and expected to be accretive to Tyson's EPS in the first full year.
- Sysco provided guidance for FY2024 of net sales of approximately $80 billion, representing mid-single digit growth, and adjusted EPS of $4.20-$4.40, representing growth of 5-10%.
- In FY2023, Sysco achieved total sales of $76.3 billion and continues to be the market leader in the highly fragmented US foodservice distribution industry with a 17% market share.
- Sysco's leadership discussed priorities for growth including investments in technology, acquisitions focused on higher-margin specialty businesses, returning capital to shareholders, and a commitment to sustainability and diversity, equity, and inclusion.
The document is a presentation from Bank of America Merrill Lynch's Global Industrials Conference in March 2018. It provides an overview of Ingersoll Rand, including:
- Ingersoll Rand has two segments, Climate and Industrial, with diversified end markets and a high aftermarket parts and services mix.
- The company has a global presence with leading brands and market positions. It is focused on margin expansion, business investments, and delivering powerful free cash flow.
- Ingersoll Rand's strategy is driving sustained growth, operating margin improvement, and balanced capital deployment to maximize shareholder value.
The document provides an overview of Ingersoll Rand's fourth quarter 2017 results presentation. Some key points:
- Revenue grew 5% year-over-year on a reported basis and 5% organically. Adjusted operating margin expanded 10 basis points. Adjusted EPS grew 9%. Free cash flow was $1.3 billion, over 100% of adjusted net income.
- Both segments saw strong organic bookings growth in the quarter. Industrial bookings grew 12% overall. Climate bookings grew 7%.
- The Industrial segment margin expanded 160 basis points to 13.2% due to volume growth, price increases, and productivity gains offsetting material inflation. Revenue grew 5% organically.
StoneMor Partners L.P. provided forward-looking statements and cautioned readers that actual results could differ materially from projections. The document included risks such as changes in the death rate, regulatory environments, litigation, cyber security attacks, and financial conditions of insurance companies. StoneMor then provided an overview of its operations including its footprint in 28 states, number of locations, number of burials, revenues, and assets held in merchandise and perpetual care trusts.
Jim Burmeister is the Vice President and CFO of Libbey Inc. Bill Foley is the Chairman and CEO. Libbey is a global manufacturer of glass tableware, with the number one market position in the US and Canada for foodservice and retail channels. It sells over 1 billion pieces annually. Libbey is focused on growth through new product innovation, improving its supply chain and operational excellence, and allocating capital to investing in the business and returning cash to shareholders. It has a strong financial position to support these strategic priorities.
Gregg Engles, Chairman and CEO of WhiteWave Foods, presented at the CAGNY2014 conference. He discussed WhiteWave's mission of changing the way the world eats for the better through convenient, flavorful, nutritious, and responsibly produced food and beverage options. Engles provided an overview of WhiteWave's financial performance, brands, growth strategies, and recent acquisitions. He highlighted the company's focus on innovation, brand building, and expanding into new categories and geographies.
Neil Kimberley Bevnet Dec 2013 PresentationNeil Kimberley
The document discusses projections for growth in the US beverage market over the next five years. It notes that while carbonated soft drinks have declined as a percentage of sales, total beverage sales have grown steadily over the past decade and are projected to continue moderate growth of around 1.4% annually through 2018. Non-carbonated beverages have been the driver of overall category growth and are expected to continue outpacing carbonated drinks. The document outlines five key opportunities for beverage companies to capitalize on this trend, including expanding retail space and promotions for non-CSDs, evolving consumer preferences, opportunities in value price segments, changing product forms and sales channels, and potential impacts from changes in sweetener formulation.
Tyson Foods has focused on achieving consistent, profitable growth through strategies like growing their international and prepared foods businesses. They aim for 3-4% annual revenue growth and 10% EPS growth over time. Their presentation discusses trends in the global protein market like rising demand, flat US production, and increasing exports. Tyson believes their diversity of proteins, brands and products positions them well for growth opportunities both domestic and abroad.
This presentation by Mondelēz International discusses the company's strategy and financial outlook. Some key points:
- Mondelēz aims to grow revenue at or above snack category growth rates through focusing on power brands and revenue management actions. It also aims to expand margins by reducing supply chain and overhead costs.
- In 2015, Mondelēz delivered organic net revenue growth of 1.4%, adjusted operating income margin expansion of 150 basis points, and adjusted EPS growth of 13.5% on a constant currency basis.
- For 2016, Mondelēz expects organic net revenue growth of at least 2%, adjusted operating income margin expansion to 15-16%, and double-digit
Pinnacle Foods provided forward-looking statements and discussed non-GAAP financial measures in their presentation at the Barclays Global Consumer Staples Conference. They noted forward-looking statements are based on management's expectations and targets but actual results may differ. Non-GAAP measures exclude special charges not expected to recur regularly. Pinnacle uses these to focus on performance without these charges and believes they are helpful to investors.
General Mills held its annual CAGNY conference to discuss new growth opportunities. Ken Powell, Chairman and CEO, kicked off the conference by highlighting the company's long history of growth since 1866 and its transition to becoming a global food company by 1995. Jeff Harmening then provided an update on the U.S. Retail segment, noting challenges in the first half of fiscal year 2015 but expectations for renewed sales and profit growth in the second half through actions like focusing on key businesses like cereal, yogurt, and snacks. Chris O'Leary followed with details on the company's strategies for continued international growth.
Sprouts Farmers Market provides a summary of their investor deck which outlines their business strategy and financial performance. Key points include:
- Sprouts offers fresh, natural and organic foods at affordable prices, appealing to a broad customer base. They have significant room for growth through new store openings.
- The company has a differentiated go-to-market strategy of focusing on produce and creating a comfortable shopping environment. This drives strong and consistent sales growth across existing stores.
- Financial targets include annual unit growth of 14%, comparable store sales growth of 6%+, and net income growth of 20%+ through new store openings and margin expansion in existing stores.
Coca Cola Investor Day 2017 - James Qunicey - CEONeil Kimberley
- James Quincey is the President and Chief Executive Officer of The Coca-Cola Company.
- The presentation includes non-GAAP financial measures and forward-looking statements that are subject to risks and uncertainties.
- The presentation discusses strategies to accelerate growth of the Company's leading consumer-centric brand portfolio, drive revenue growth, strengthen the system's value-creation advantage by digitizing the system, and unlock the power of employees.
4Q 2018 Investor Presentation - Regency Centers Jan Hanak
Regency Centers is the preeminent national owner, operator, and developer of shopping centers located in affluent and densely populated trade areas. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member. For more information, please visit regencycenters.com.
This document provides financial information for Campbell Soup Company for the second quarter and first half of fiscal year 2014 compared to the same periods in fiscal year 2013. Some of the key highlights include:
- Net sales increased 6% in Q2 and 2% for the first half. Organic net sales grew 3% in Q2 and declined 1% for the first half.
- Adjusted EBIT increased 15% in Q2 and declined 5% for the first half.
- Adjusted EPS grew 19% in Q2 and declined 4% for the first half.
- Guidance for fiscal year 2014 forecasts net sales growth of 4-5%, adjusted EBIT growth of 4-6%, and adjusted EPS
Brian Kelley, CEO of Keurig Green Mountain, discussed the company's outlook and priorities at the CAGNY Conference on February 19, 2015. The company expects mid-single digit non-GAAP EPS growth in fiscal year 2015 despite negative impacts from foreign exchange rates and equity transactions. Keurig's priorities are to successfully launch the Keurig Cold system, continue investing in innovation, improve growth of the Keurig hot system, and begin global expansion of the Keurig system.
- The document provides forward-looking statements about Tyson Foods' expected performance and notes factors that could cause actual results to differ from expectations.
- It cautions readers not to place undue reliance on forward-looking statements and lists 19 factors that could cause actual results to differ.
- The document is Tyson Foods' investor presentation from March 2015 that provides an overview of the company, its financial trends and outlook, and priorities for cash allocation.
Dirk Van de Put, CEO of Mondelēz International, presented at CAGNY 2019. He outlined the company's strategy to drive accelerated growth by adopting a more consumer-centric approach, focusing on operational excellence, and building a winning culture. Van de Put projected 3%+ organic net revenue growth, high single-digit adjusted EPS growth at constant currency, dividend growth above adjusted EPS growth, and over $3 billion in annual free cash flow as part of an attractive long-term financial outlook. He also highlighted strategic initiatives around global and local brands, new marketing approaches, agile innovation, expanding channels and key markets, and partnerships and M&A to support continued growth.
Tsn investor presentation december 2015investortyson
The document provides forward-looking statements and cautions readers that actual results may differ materially from expectations. It highlights that Tyson Foods is one of the largest food companies in the world with advantaged brands in growing categories. The presentation outlines Tyson's market leadership in protein production, financial trends including sales growth and adjusted EPS growth, and priorities for cash including growing organically, acquisitions, and returning cash to shareholders.
François-Xavier Roger, CFO of Nestlé, discusses the company's focus on sustainability leadership and creating shared value. Nestlé has a proven track record of margin improvement and cost savings over the past 4 years. Sustainability investments of CHF 3.2 billion from 2020-2025 are expected to be earnings-neutral through a similar resource generation model. Sustainability is integral to Nestlé's growth strategy and consumer expectations, including increasing investments in climate action, sustainable packaging, and plant-based products.
The document summarizes a presentation given by Libbey Inc. to investors. It highlights that Libbey is a global leader in glass tableware, especially in foodservice, with opportunities to grow organically and through acquisitions. Libbey has a strategic focus on innovation, customer focus, and business simplification to improve margins and returns. Financially, Libbey aims to balance investing in the business, maintaining financial strength, and returning capital to shareholders.
Tyson Foods has offered to acquire Hillshire Brands for $50 per share, or $6.8 billion including Hillshire's net debt. The acquisition would create a leading integrated protein company and accelerate Tyson's growth strategy by expanding its prepared foods business. Significant synergy opportunities are expected from optimizing procurement, logistics, and production across the combined company's complementary assets. The acquisition is financially compelling and expected to be accretive to Tyson's EPS in the first full year.
- Sysco provided guidance for FY2024 of net sales of approximately $80 billion, representing mid-single digit growth, and adjusted EPS of $4.20-$4.40, representing growth of 5-10%.
- In FY2023, Sysco achieved total sales of $76.3 billion and continues to be the market leader in the highly fragmented US foodservice distribution industry with a 17% market share.
- Sysco's leadership discussed priorities for growth including investments in technology, acquisitions focused on higher-margin specialty businesses, returning capital to shareholders, and a commitment to sustainability and diversity, equity, and inclusion.
The document is a presentation from Bank of America Merrill Lynch's Global Industrials Conference in March 2018. It provides an overview of Ingersoll Rand, including:
- Ingersoll Rand has two segments, Climate and Industrial, with diversified end markets and a high aftermarket parts and services mix.
- The company has a global presence with leading brands and market positions. It is focused on margin expansion, business investments, and delivering powerful free cash flow.
- Ingersoll Rand's strategy is driving sustained growth, operating margin improvement, and balanced capital deployment to maximize shareholder value.
The document provides an overview of Ingersoll Rand's fourth quarter 2017 results presentation. Some key points:
- Revenue grew 5% year-over-year on a reported basis and 5% organically. Adjusted operating margin expanded 10 basis points. Adjusted EPS grew 9%. Free cash flow was $1.3 billion, over 100% of adjusted net income.
- Both segments saw strong organic bookings growth in the quarter. Industrial bookings grew 12% overall. Climate bookings grew 7%.
- The Industrial segment margin expanded 160 basis points to 13.2% due to volume growth, price increases, and productivity gains offsetting material inflation. Revenue grew 5% organically.
Libbey Inc. held a meeting in March 2017 to discuss the company's strategic focus and financial performance. The company operates as a global leader in glass tableware and sells products through foodservice, retail, and business-to-business channels. Libbey's strategic focus areas include growth through new product innovation and digital strategy, and operational excellence through cost reduction initiatives and supply chain optimization. For 2017, Libbey expects sales to be flat to slightly down due to currency impacts, with adjusted EBITDA margin in the range of 13-14% of net sales. Capital allocation priorities include investment in the business and debt repayment.
Libbey Inc. held a meeting in March 2017 to discuss the company's strategic focus and financial performance. The company operates as a global leader in glass tableware and sells products through foodservice, retail, and business-to-business channels. Libbey's strategic focus areas are growth, operational excellence, and organizational excellence. For 2017, Libbey expects sales to be flat to slightly down due to currency impacts, adjusted EBITDA margin in the range of 13-14%, and capital expenditures between $50-55 million.
Libbey Inc. presented an investor presentation covering Q4 2017. The presentation provided an overview of Libbey's leadership in the global glass tableware market. It highlighted the company's focus on growth through new product innovation, operational excellence, and organizational excellence. Key information included Libbey's market positions, sales channels of foodservice, retail, and business-to-business, and strategic focus areas going forward.
The document is the agenda and presentation materials for a Sysco Corporation meeting. Some key points:
1) Sysco is a global leader in foodservice distribution with over $55 billion in annual sales and operations in 13 countries.
2) The meeting agenda includes a market, strategy, and business update from the CEO and a financial review.
3) In the business update, Sysco outlines its strategic focus areas of partnership, productivity, products, people, and portfolio. It is also executing a customer-centric strategy to enhance customer experience.
J.P. Morgan Aviation, Transportation & Industrials Conference March 2018
The document provides an overview of Ingersoll Rand's business including:
1) Ingersoll Rand has two segments, Industrial and Climate, with diversified end markets globally.
2) The company has a history of revenue growth, margin expansion, and strong free cash flow generation.
3) Ingersoll Rand is focused on innovation, operational excellence, and a balanced capital allocation strategy to drive continued growth and shareholder returns through 2020 and beyond.
Consumer Analyst Group of New York (CAGNY) Conference 2023Sysco_Investors
The document discusses forward-looking statements and contains risks and uncertainties. It provides an overview of Sysco's business including its annual sales, customer locations, colleagues, and brands. The document outlines Sysco's Recipe for Growth strategy including initiatives around digital, products and solutions, supply chain, customer teams, and future horizons.
1) The presentation provides an overview of Winnebago Industries and discusses its strategic priorities going forward, including elevating operational excellence, strengthening and expanding its core RV business, and building a high performance culture.
2) The acquisition of Grand Design RV has created a winning multi-brand platform and significantly enhanced Winnebago's financial profile and scale. Integration is progressing ahead of expectations.
3) Favorable demographic and economic trends are driving growth in the outdoor lifestyle industry, presenting opportunities for Winnebago to further penetrate the market.
Libbey Inc. held an investor presentation in January 2018 to provide an overview of the company and its strategy. The presentation highlighted Libbey's leadership in the glass tableware industry, focus on growth through new product innovation and e-commerce, and emphasis on operational excellence. Key points included new product launches targeted at foodservice and retail customers, upgrades to e-commerce capabilities, global manufacturing optimization plans, and a balanced approach to capital allocation including debt repayment.
Sysco reported fiscal Q2 2024 earnings results, with the following highlights:
- Revenue increased 3.7% to $19.3 billion.
- Adjusted EPS grew 11.3% to $0.89, the 11th consecutive quarter of double-digit growth.
- Adjusted operating income increased 9.2% to $744.9 million and adjusted EBITDA grew 11.6% to $927.5 million.
This document provides an overview of Libbey Inc. for a November 2016 management meeting. It includes:
- Introductions of the VP, CEO, and Treasurer/VP of Investor Relations.
- A disclaimer that the presentation includes forward-looking statements subject to risks and uncertainties.
- An agenda covering the company overview, strategic focus, financial performance, investment highlights, and appendices.
- Details on the company's leadership in glass tableware, product categories, sales channels, global presence, and financial metrics.
- An outline of the strategic focus on growth through innovation, customer focus, and business simplification.
- Comments on recent financial performance and full-year
Hillenbrand is a diversified industrial company that provides products and services to a variety of industries. It operates through two segments: Process Equipment Group and Batesville. The Process Equipment Group designs and manufactures engineered industrial equipment for various industries. Batesville is a leader in the North American death care industry. Hillenbrand aims to grow organically and through acquisitions to become a leading global diversified industrial company. It focuses on operational efficiencies and margin expansion through its Hillenbrand Operating Model.
SYY CAGNY 2024 PRESENTATION (February 20, 2024)SYYIR
This document provides forward-looking statements and discusses Sysco's expectations for fiscal year 2024. Some of the key points include:
- Sysco expects mid-single digit sales growth to $80 billion and 5-10% adjusted EPS growth to a range of $4.20 to $4.40 for fiscal year 2024.
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This investor presentation summarizes an investor presentation from Ingersoll Rand given in May 2018. The key points are:
1) Ingersoll Rand is a global leader in energy efficiency and productivity with two segments - Industrial and Climate - and leading brands in various markets.
2) The company has a robust financial model that delivers powerful cash flow through diversified end markets, market leading positions, focus on margin expansion, and balanced capital deployment.
3) Ingersoll Rand's strategy of sustained growth, operational excellence, and dynamic capital allocation is driving profitable growth and margin improvement towards 2020 targets of 4-4.5% revenue CAGR, 14.5-15% operating margins, and 11-
The document summarizes Ingersoll Rand's 2017 Investor & Analyst Day. It provides an overview of the company, highlights its strong and improving financial performance, and outlines its strategy and outlook for continued sustainable performance through 2020. Ingersoll Rand's businesses are well positioned due to its leading brands and market positions. The company's business operating system delivers results through a focus on sustainability, innovation, employee engagement and operational excellence.
Similar to Lby investor presentation 11.14.18 (20)
- Libbey Inc. held its Q3 2018 earnings call on November 6, 2018 to discuss financial results and business updates.
- Net sales for Q3 2018 increased 1.8% year-over-year to $190.8 million, while Adjusted EBITDA declined 19.6% to $16.1 million.
- New products launched in the quarter drove 8.3% of sales, and e-commerce sales grew 46% year-over-year to represent 12% of U.S. and Canada retail sales.
This presentation by Libbey Inc. provides an overview of the company's management, strategy to drive growth, and financial goals. It summarizes Libbey's leadership, operational priorities around manufacturing and inventory optimization, and strategic initiatives including new product development focused on healthcare and e-commerce. The presentation outlines Libbey's goal of returning to long-term financial targets of revenue growth of 2-5% annually and adjusted EBITDA margins of 14-16% by 2021 through these strategic initiatives and continuous improvement.
- Libbey Inc. held an earnings call on July 31, 2018 to discuss Q2 2018 results. Management introduced over 250 new foodservice products at the NRA show and saw e-commerce platform sales represent 12.6% of US & Canada retail sales. Q2 2018 net sales were $213.5 million, up 8.1% year-over-year, and adjusted EBITDA was $26.8 million, up 32.7% year-over-year. For full-year 2018, the company expects low-single digit sales growth and adjusted EBITDA margins between 10-11%.
Libbey Inc. reported first quarter 2018 earnings. Key highlights included sales increasing 5.2% to $181.9 million driven by new product launches. Adjusted EBITDA increased 91% to $11.9 million compared to the prior year. Management expects full-year adjusted EBITDA margins between 10-11% and net sales to increase low single digits, maintaining the previous 2018 outlook.
Libbey Inc. reported its Q4 2017 earnings call. Net sales increased 8.8% to $224 million compared to Q4 2016, driven by new product launches. Adjusted EBITDA was $24.2 million for Q4 2017 compared to $23.5 million for Q4 2016. For full-year 2017, net sales declined 1.5% to $781.8 million and Adjusted EBITDA declined 37% to $70.6 million compared to 2016. Management expects low single-digit sales growth and Adjusted EBITDA margins of 10-11% for full-year 2018.
Libbey Inc. reported third quarter 2017 earnings. Net sales were down year-over-year due to weather events and natural disasters impacting sales. Adjusted EBITDA also declined due to lower sales volumes and margins, as well as increased manufacturing costs, though efficiencies improved. For full-year 2017, the company expects adjusted EBITDA margins of 9-10% and low-to-mid single digit decline in net sales.
This document provides an overview of Libbey Inc. for investors. Key points:
1) Libbey is the #2 glass tableware company globally and #1 in the Americas, with the strongest brand recognition in the US.
2) Libbey's largest business is its #1 US and Canada foodservice business, which drives significant recurring revenue.
3) The company has an established global presence with growth potential in Asia, Europe, and Latin America. Cost optimization and manufacturing innovation provide competitive advantages.
4) Libbey has a strong cash flow and balance sheet. The company takes a balanced approach to capital allocation.
Libbey Inc - Piper Jaffray Conference June 2016investorslibbey
1. The document provides an overview of Libbey Inc., a global leader in glass tableware. It discusses Libbey's market position, operations, growth strategy, and financial highlights.
2. Libbey is the #2 glass tableware company globally and #1 in the Americas. It has strong positions in the US foodservice, retail, and B2B sectors.
3. The document outlines Libbey's strategy to focus on growth, innovation, and business simplification to drive margins and remove complexity. It also notes Libbey's strong cash flow, liquidity, and balanced capital allocation approach.
1. Libbey Inc. is a global leader in glass tableware, with the #1 position in the US and Western Hemisphere foodservice and retail channels. It has strong brand recognition and market share.
2. Libbey's "Own the Moment" strategy focuses on growth through innovation, improving customer focus, and business simplification.
3. Libbey has key advantages including a profitable and recurring US foodservice business, manufacturing and cost efficiencies, and a strong balance sheet and cash flow.
1) Libbey is the #2 global and #1 North American manufacturer and marketer of glass tableware, including tumblers, stemware, and other products.
2) Their #1 position in the U.S. foodservice industry provides significant recurring revenue through replacement sales.
3) Their #1 retail position in North America enhances brand recognition and drives factory utilization.
This document provides an overview of Libbey Inc. for a March 2016 management meeting. It includes the following key points:
1) Libbey is a global leader in glass tableware, with #2 global market share and #1 position in the Americas. It has a leading foodservice business in the US and retail footprint in North America.
2) Libbey's strategy called "Own the Moment" focuses on new product development, improving customer focus, and simplifying business processes to drive organic growth and margin expansion.
3) Libbey has a strong financial position with predictable cash flows, moderate leverage, and a balanced approach to capital allocation including returning cash to shareholders.
This document provides an overview of Libbey Inc. for a March 2016 management meeting. It includes the following key points:
1) Libbey is a global leader in glass tableware, with #2 global market share and #1 position in the Americas. It has a leading foodservice business in the US and retail footprint in North America.
2) Libbey's strategy called "Own the Moment" focuses on new product development, improving customer focus, and simplifying business processes to drive organic growth and margin expansion.
3) Libbey has a strong financial position with predictable cash flows, moderate leverage, and a balanced approach to capital allocation including returning cash to shareholders.
Libbey Inc. is the second largest glass tableware manufacturer in the world and number one in the Americas. It has three key business channels: foodservice, retail, and business-to-business. Libbey's financial performance has improved in recent years through cost reductions and debt paydown, lowering its leverage ratio. Under its new "Own the Moment" strategy, Libbey aims to grow its Americas segment, expand margins through efficiencies, and return cash to shareholders through disciplined capital management.
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2. 2
Joe Huhn
Vice President, FP&A and Investor Relations
• 23 years Corporate Finance Experience
• 4 years at Libbey, 3 years as Group CFO, USC
• Finance Director for 8 years at Whirlpool
Jim Burmeister
Senior Vice President, Chief Financial Officer
• VP, Finance & Treasurer, The Anderson’s, Inc.
• VP, Finance, Owens Corning
• GE Corporate Audit Staff
• Captain in the Marine Corps
Management
3. 3
Material provided in this presentation includes forward-looking statements about Libbey Inc. These statements
are subject to risks and uncertainties, including market conditions, competitive pressures, the value of the U.S.
dollar and potential significant cost increases. Please refer to the Company’s Form 10-K for fiscal year-end
December 31, 2017, filed on March 1, 2018 for further information.
This presentation includes financial information of which the Company’s independent auditors have not
completed their review. Although the Company believes that the assumptions upon which the financial
information and its forward looking statements are based are reasonable, it can give no assurances that these
assumptions will prove to be accurate.
This presentation also contains non-GAAP financial measures. We believe that the Adjusted Earnings Before
Interest Taxes Depreciation and Amortization, or Adjusted EBITDA; Adjusted EBITDA margin; Trade Working
Capital; Debt, net of cash to Adjusted EBITDA; ROIC and references to sales in constant currency are
meaningful measures for investors to compare our results from period to period.
Reconciliations of the non-GAAP to GAAP measures may be found in the Appendix of this presentation as well
as in the previously filed earnings press releases.
Safe Harbor Statement
6. Our manufacturing and supply chain platform
allows us to reach customers across the globe
CORPORATE OVERVIEW
6
7. Latin America
18%
EMEA
16%
Other
4%
U.S. & Canada
62%
2017 Net Sales
by Segment
2017 Net Sales
by Channel
2017 Segment
EBIT
Retail
32%
B2B
26%
Foodservice
42%
Latin America
13%
EMEA
3%
U.S. & Canada
92%
Other
(8%)
Our business model is designed to serve
customers in three distinct channels
CORPORATE OVERVIEW
7
8. Globally, Libbey competes in four categories of
products
~87% OF SALES
Tumblers, stemware, mugs, bowls, floral, salt shakers, shot
glasses, canisters, candleholders
~13% OF SALES
Bakeware, handmade tableware, blender jars, mixing bowls, floral, and
candles
Plates, bowls, platters, cups, saucers, and other tableware
accessories
Knives, forks, spoons, serving utensils, serving
trays, pitchers, other metal tableware accessories
CORPORATE OVERVIEW
8
9. Libbey has a strong portfolio of brands
CORPORATE OVERVIEW
9
10. 10
• A network of over 400 of the
world’s finest distributors who
ultimately sell to hotels,
restaurants, bars, etc.
• #1 supplier of glass tableware, #2
supplier of dinnerware/flatware in
the US and Canada(1)
• 90% of sales are replacements
driving predictable revenue stream
We serve a broad global customer base that spans three
differentiated channels
• Primary customers include
leading mass merchants as
well as specialty, grocery,
value-oriented and e-tail stores
• The leading supplier of casual
glass beverageware in North
America(1)
• Strong brand recognition
• Important driver of factory
utilization
• Customers include marketers that
decorate Libbey glassware and
resell to breweries, distilleries, soft
drink companies, craft industries
and food packing companies
• Products include candle and floral
applications, blender jars, mixing
bowls, and washing machine
windows
• Volume supports scale and
typically has higher inventory
turns and lower SG&A
FOODSERVICE
NET SALES $328M
RETAIL
NET SALES $249M
BUSINESS-TO-BUSINESS
NET SALES $204M
CORPORATE OVERVIEW
(1)- Management Estimates
(2)- 2017 Reported Net Sales
(2) (2) (2)
11. • Market leader recognized for
excellence by leading foodservice
distributors
• Extensive product line and steady
pace of innovation has enabled U.S.
price increases in 43 of last 47 years
• Strong foodservice network and in-
house salesforce selling to
established restaurants, hospitality
and tourism along with other
categories
• ‘Annuity like’ revenue stream with a
strong ‘installed base’ of customers
reordering based on table setting
placements
• Best in class service
Foodservice channel: 2017 net sales of $328M
CRISTALERIA DEL ANGEL-
Equipment & Supply
CRISTALERIA MONACO-
Equipment & Supply
EDWARD DON &
COMPANY-
Equipment & Supply
JOHN ARTIS-
UK Equipment & Supply
SYSCO-
Broad Line
TRIMARK-
Equipment & Supply
US FOODS-
Broad Line
WASSERSTROM-
Equipment & Supply
WEBSTAURANT-
Web-based distribution
CORPORATE OVERVIEW: FOODSERVICE
WE SELL TO THE LARGEST CUSTOMERS IN THE
FOODSERVICE INDUSTRIES:
11
14. • U.S. casual glass beverageware
leader; market share in brick and
mortar estimated at ~35%…more than
twice the next competitor(1)
• Highly recognized brands and
leading private label supplier
• New E-commerce capabilities
position the company for continued
leadership; ~400 SKUs online
• Extensive branded product lines
including bakeware and serveware
• Established retail relationships
provide a platform to launch
innovative products that meet
consumer wants and needs
Retail channel: 2017 net sales of $249M
STRONG RELATIONSHIPS WITH MAJOR RETAILERS:
AMAZON
BED BATH &
BEYOND
CRATE & BARREL
DOLLAR TREE
IKEA
METRO
SORIANA
TARGET
TESCO
WALMART
WAYFAIR
(1) NPD and Management Estimates
CORPORATE OVERVIEW: RETAIL
14
15. Recognized brands in each served market and new
E-commerce capabilities
CORPORATE OVERVIEW: RETAIL
15
16. • The business-to-business channel
offers diverse opportunities for
growth
• Established global supplier of
decorated glassware for promotions
• OEM supplier to leading appliance
manufacturers
• Growing in houseware applications:
decorated beverageware and glass
components for candles and floral
applications
Business-to-business channel: 2017 net sales of $204M
ESTABLISHED GROUP OF B2B CUSTOMERS:
BATH & BODY
WORKS
DIAGEO
HEINEKEN
NEWELL
STAR SOAP &
CANDLE
SUNBEAM
SYNDICATE
SALES INC.
WHIRLPOOL
CORPORATE OVERVIEW: B2B
16
22. In 2016 we implemented efforts to build a new product
pipeline to drive profitable growth
22
U.S. and Canada launched 647
products in 2017
U.S. and Canada region has a
strong pipeline for next 3 years
• $175M pipeline through 2020
• 26 projects underway
• 450+ products launched in
2018
Sales from new products are offsetting losses from
declining markets and providing growth
NEW PRODUCT DEVELOPMENT
Driving Revenue
& Margin Growth
in recent quarters
23. 23
To drive transparency on financial benefits we launched an impact
metric to measure the progress of our new products
Each quarter, we report what percentage of our sales within the period
are driven by products launched in the previous 36 months
• It takes between 12 and 18 months to achieve placement and see growth
• E-commerce accelerates the curve
• Provides an opportunity to improve gross margins
• This revenue is not 100% incremental; however, it is necessary to maintain the
health of our revenue stream, enter new markets, and offset traffic declines
• Incorporated into executive compensation metrics
A steady pipeline of new products sustains the health of our portfolio
NEW PRODUCT DEVELOPMENT
24. 24
USC is realizing benefits of new product introductions
with expected lift from 2017 and 2018 launches
It takes 12-18 months to see meaningful benefits
$-
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
First Half 2017 Second Half
2017
2018 Est 2019 Est 2020 Est
USC New Product Revenue
• First Half ‘17 – Lack of NPD in 2015 and
2016, declining sales
• Second Half ‘17 – Began to see benefits
of launches including Red Lobster
• 2018 – Healthy level of NPD is expected
to offset market declines
• 2019/20 – Full-year benefit from launches
is expected to help drive growth
($ in millions)
NEW PRODUCT DEVELOPMENT
25. 25
Long-term goal is to have new products represent 8-9%
of annual global net sales
• It generally takes 12-18 months to reach
run rate…2017 launches are gaining
momentum
• NPD is offsetting market declines and
providing growth in our planning
• Global process expansion is underway
7.0%
7.2%
7.4%
7.6%
7.8%
8.0%
8.2%
8.4%
8.6%
2018 Est. 2019 Est. 2020 Est.
Global New Products % Net Sales
New products are essential for sustainable margins and growth
NEW PRODUCT DEVELOPMENT
27. 27
0
100
200
300
400
500
2014 2020 2030 2040 2050 2060
275 278 285 306 310 319
46 56 74
82 88 98
65+
Up to 64
The business of aging is becoming big
business …
• 10,000 people a day are turning 65(1)
• By 2030, over 20% of the population will be
65+ years of age(2)
• Baby Boomers* have 70 percent of the
nation’s disposable income and stand to
inherit $15 trillion over the next 20 years(3)
• Financially, the goal is for seniors to remain
independent and receive the least amount of
support needed for as long as possible
*born between 1946-1964
Sources:
(1) - U.S. Census Bureau
(2) - Senior Housing News
(3) - MetLife/Boston College Center for Retirement Research
65+ population more than 50% growth
in 16 years to 74 million
2014 2020 2030 2040 2050 2060
14.5% 16.8% 20.6% 21.7% 22.1% 23.6%
% of 65+ is Growing in the U.S.
Population by Age in
the United States
$ in millions
NEW PRODUCT DEVELOPMENT: HEALTHCARE
28. 28
Fully Engage the Healthcare Market
Libbey®
Intuitive Diningware™
helps create dining experiences that are more inspiring,
accessible and dignified for all.
Our passion, perspectives and full-spectrum tableware
selection deliver insights-driven solutions that support
your success.
Six aspects are considered in the curation and design
of all products in our Intuitive Diningware collection:
Vision, Grip, Coordination, Dietary, Emotion and Safety
Intuitive Diningware™ line is designed to service the
specialized needs required by healthcare facilities
NEW PRODUCT DEVELOPMENT: HEALTHCARE
29. 29
Dedicated product offerings are a perfect fit for the
Healthcare market
Comfort Bowl
• Easy to grip due to raised rim
• Discreet banded edged; helps diner scoop food easily
Donna Senior Cup and Saucer
• Wider cup handles for easier grip
• Color target saucer assisting people with reduced vision
• Low well in saucer helps protect against tipping
Constellation™ Dinnerware
• Exclusive Microban® Technology1
Ergonomic Flatware
• Knob handle for those with arthritis and limited dexterity
• Shapes facilitate easier scooping and cutting function
Infinium™ Beverageware
• Non-glass, lightweight with a textured body for added grip
NEW PRODUCT DEVELOPMENT: HEALTHCARE
1 – ConstellationTM is the first-ever porcelain dinnerware with Microban® technology, which helps to minimize bacterial growth that
contributes to the presence of stains and lingering odors; applies only to bacteria that can cause stains, odors, and product degradation
31. 31
Investment is beginning to pay off
Bringing new products to market faster… at improved price
points…enhancing overall product and margin mix
E-commerce sales are increasing as a percentage of total
Example: U.S. retail sales…we expect to go from 9% in 2017 to >20% by 2021
Investments supporting sales in existing brick and mortar
outlets
E-COMMERCE
Omni-Channel approach is beneficial to our customers
32. 32
Building on success and learnings
Expansion of E-commerce into new global regions
• EMEA 2018
• Latin America, Asia Pacific 2019 - 2020
Broader benefits of digitizing inside the business to streamline
processes and reduce operating costs
Leveraging processes and technology for other sales channels
Expanding Capabilities to Drive Profitable Growth
E-COMMERCE
34. Key Operational Priorities
Deliver Best in
Class Service
Optimize Global
Manufacturing
Network
Optimize
Inventory
Profile
OPERATIONAL EXCELLENCE
34
35. 35
Current State
OPERATIONAL EXCELLENCE
Significant improvements made over the last 12 months to improve our
Global Manufacturing Network driving improved ROIC(1)
• We have established ourselves as the leader in servicing the customer
• We have reduced capacity on processes in the United States where we were undersold
and are using the available glass on processes that are sold out
• We have improved our commercial margin profile in all regions and are adding new
capabilities to support market needs
• We have invested in numerous projects to improve safety, quality, delivery and cost
(1) - see Appendix for definition of non-GAAP measure.
37. 37
Why Libbey? Investment Thesis
Global Tabletop
Leader
•Global leader in design,
production and sale of tabletop
products
•Strong leadership with
experience that is aligned to the
strategy
•Leading brands and market share
•Licensing agreements and
partnerships
•Low cost production with broad
distribution
Positioned for
Profitable Growth
•Best in class service to highly
diversified customer base
•Healthy pipeline of new products
and entering new business
segments
•Growing E-commerce business
• Global Manufacturing Network
that is aligned to the marketplace
and strategy to improve ROIC(1)
•ERP will simplify go to market,
improve productivity and enable
new technology
Improving Balance
Sheet
•Positioned to increase Free Cash
Flow(1) and continue to
deleverage the balance sheet
•Capital allocation prioritizes
strategic investments and debt
reduction over returning capital
to shareholders
• ABL extended
•Ability to flex spending as
needed
•Opportunity to improve Trade
Working Capital(1)
(1) - see Appendix for definition of non-GAAP measure.
38. 38
Continuous improvement; return to long-term financial
goals by 2021
Goal 2017 Actual 2018 Est.(1) 2021 Est.(1)
Revenue growth 2% to 5% $782
(1.5%)
$790 – $805
1%-3%
$840 - $900
4 – year CAGR ~2-3%
Adjusted EBITDA
margins(2) 14% to 16% 9.0% 10% - 11%
~14% - 15%
$118 - $135
Net debt to
Adjusted EBITDA(2) 2.0x to 3.0x 5.1x 4.0x – 4.5x 2.3x - 2.7x
ROIC(2) Maintain 11%
to 13%
4.0% 5% - 6% 10% - 12%
Capital
Expenditures
$45 - $55 $48 $50-$55 $45 - $55
(1) - These projections are based on the Company’s organic business targets and do not reflect the potential impacts of any merger, acquisition, divestiture or other corporate restructuring activity
(2) – See Appendix for non-GAAP definitions and reconciliations to nearest U.S. GAAP measure
$ in millions
FINANCIAL OVERVIEW
39. 39
Meaningful liquidity and a history of reducing
debt levels
• Reducing Debt on Balance Sheet
• Outstanding debt at its lowest levels
since 2006
• Repaid over $55 million in debt over
the last 3 years in order to strengthen
balance sheet
• Meaningful liquidity
• Since 2015, total liquidity(1) has been
maintained over $100 million at the
end of each year
(1) – Cash on hand plus open ABL availability
$466
$413
$445 $437
$412
$388
300
350
400
450
500
2012 2013 2014 2015 2016 2017
Gross Debt by Year
$136
$113
$142 $140 $149
$117
0
50
100
150
200
2012 2013 2014 2015 2016 2017
Total Liquidity by Year
Millions ($)
Millions ($)
FINANCIAL OVERVIEW
40. 40
Interest expense remains stable as debt
reduction and swap provide protection
• Term Loan B
• LIBOR plus 300 bps (currently 5.1%)
• Maturity 2021
• No financial covenants
• $150MM accordion option
• Interest Rate Swaps
• Providing interest protection in a rising
rate environment
• $220MM fixed at 4.8575%(1) through
early 2020
• $200MM fixed at 6.19%(1) 2020
through 2025
Capital Structure
• $100MM ABL Credit Facility
• LIBOR plus 150-200 bps
• Maturity 2022
$23
$18
$21 $20
0.00
0.50
1.00
1.50
2.00
0
5
10
15
20
25
30
2014 2015 2016 2017
Interest Expense vs. Federal Funds Rate
Millions ($) Fed Funds Rate %
FINANCIAL OVERVIEW
(1) – The swap interest rates are calculated using the current credit spread of 300bps on the Term Loan B. This credit spread is
subject to change when the current debt is refinanced.
41. 41
Libbey’s strategy delivers significant cash flow and priorities remain:
make strategic investments and reduce debt over the long term
Column1
Strategic
Investments
Maintain
Financial
Strength
Cash from
Operations(1)
2018 – 2021
$200 - $300 (MM) Investments to profitably
grow the Company
Repayment of debt will
continue to be a focus of the
Company over the long term
FINANCIAL OVERVIEW
(1) - These projections are based on the Company’s organic business targets and do not reflect the potential impacts
of any merger, acquisition, divestiture or other corporate restructuring activity
43. 43
2018 Third-quarter Highlights
New products drove approximately $15.9MM of
sales, or 8.3% of net sales
E-commerce sales represented approximately
12.0% of total U.S. & Canada retail sales; an
increase of 46% versus prior year
U.S. & Canada foodservice continues to
outperform the market in 2018; 4.7% sales growth
versus declining traffic of (1.3%)1 during the
quarter, attributed to high level of customer service
Latin America and EMEA improved profitability for
fifth consecutive quarter
Sales up 13% in our Other segment (Asia Pacific
region) where segment EBIT margin improved from
(25%) to 13%
(1) Source: Black Box
(2) See our third-quarter 2018 press release filed on form 8-K on November 6, 2018, for reconciliations of Adjusted EBITDA to the most directly
comparable U.S. GAAP measure.
($ in millions)
Third Quarter
2018
Net Sales
Y-O-Y Change
Y-O-Y Constant Currency
$190.8
1.8 %
2.9%
Adjusted EBITDA2
Y-O-Y Change
Y-O-Y Constant Currency
$16.1
(19.6 %)
(5.0%)
THIRD QUARTER RESULTS
44. 44
Foodservice Expands into Healthcare with Product
Launches in August and October
• 10,000 people a day are turning 65 in the
U.S.(1)
• By 2030, over 20% of the population will be
65+ years of age(2)
• Shift away from institutional presentations
to hospitality-oriented venues …. Libbey’s
core capability…fully integrated tabletop
solutions
(1) Source: U.S. Census Bureau
(2) Source: Senior Housing News
THIRD QUARTER RESULTS
45. 45
Retail Introduces 38 New Products at
New York Tabletop Show in October
Serendipity™ pairs trend-right
colors and shapes with Libbey’s
newest innovations in stemless
glass as well as traditional
beverageware
Combining the handmade
Juarez pitcher with the ultra-
trendy stemless margarita glass,
the Modern Margarita 5-pc set
provides a fresh new direction in
serving margaritas
THIRD QUARTER RESULTS
46. 46
Third-quarter Progress in E-commerce
34 products launched online in
Q3; 452 available
12.0% of U.S. & Canada retail
sales, 46% increase over prior
year
98.2% on-time delivery
Accelerating new products to
market and driving additional
brick-and-mortar placements
THIRD QUARTER RESULTS
47. 47
Key Financial Data
Third Quarter ‘18 & ‘17
THIRD QUARTER RESULTS
(1) See the Appendix for reconciliations and definitions of non-GAAP measures.
Unaudited
$ in millions, except per share data '18 '17 VPY '18 '17 VPY
Net sales 190.8$ 187.3$ 3.5$ 586.2$ 557.8$ 28.4$
Gross profit 37.2$ 38.0$ (0.8)$ 117.4$ 110.6$ 6.8$
Gross profit margin 19.5% 20.3% (0.8%) 20.0% 19.8% 0.2%
Selling, general & administrative expenses 33.3$ 29.5$ 3.8$ 98.4$ 96.9$ 1.5$
Net income (loss) (5.0)$ (78.8)$ 73.8$ (3.9)$ (86.2)$ 82.3$
Net income (loss) margin (2.6%) (42.1%) 39.5% (0.7%) (15.5%) 14.8%
Diluted EPS (0.22)$ (3.57)$ 3.35$ (0.18)$ (3.92)$ 3.74$
Adjusted EBITDA (1)
(non-GAAP) 16.1$ 20.0$ (3.9)$ 54.8$ 46.4$ 8.4$
Adjusted EBITDA margin
(1)
(non-GAAP) 8.4% 10.7% (2.3%) 9.3% 8.3% 1.0%
Unaudited
$ in millions, except ratio
September
30, 2018
December
31, 2017
September
30, 2017
Trade Working Capital
(1)
(non-GAAP) 228.7$ 199.5$ 215.6$
Debt, net of cash to Adjusted EBITDA ratio (1)
(non-GAAP) 5.0 x 5.1 x 5.5 x
Third Quarter Year-to-Date
48. Q3 2018 Net Sales of $190.8 vs. $187.3 in Q3 2017
48
$ in millions
U.S. & Canada
OtherEMEA
Latin America
$6.0
$6.8$0.8
$0
$2
$4
$6
$8
$10
Q3 '17 Net Sales Sales Increase Q3 '18 Net Sales
$33.7 $33.3( $0.5) $0.4 ( $0.3)
$20
$25
$30
$35
$40
Q3 '17 Net
Sales
Retail Foodservice B2B Q3 '18 Net
Sales
$35.3 $35.4
$1.1 ( $0.6) ( $0.4)
$30
$35
$40
Q3 '17 Net
Sales
Retail Foodservice B2B Q3 '18 Net
Sales
$112.3
$115.3
$0.0
$2.6
$0.4
$110
$112
$114
$116
Q3 '17 Net
Sales
Retail Foodservice B2B Q3 '18 Net
Sales
THIRD QUARTER RESULTS
49. YTD 2018 Net Sales of $586.2 vs. $557.8 in YTD 2017
49
$ in millions
U.S. & Canada
OtherEMEA
Latin America
$21.7
$20.8
(0.9)
$15
$20
$25
Q3 '17 YTD Net Sales Sales Decline Q3 '18 YTD Net Sales
$90.1
$103.7
$4.9
$3.6
$5.1
$85
$90
$95
$100
$105
Q3 '17 YTD
Net Sales
Retail Foodservice B2B Q3 '18 YTD
Net Sales
$102.6
$110.0
$4.0 ( $0.1)
$3.5
$100
$105
$110
$115
Q3 '17 YTD
Net Sales
Retail Foodservice B2B Q3 '18 YTD
Net Sales
$343.5
$351.7
$0.7
$4.0
$3.5
$340
$345
$350
$355
$360
Q3 '17 YTD
Net Sales
Retail Foodservice B2B Q3 '18 YTD
Net Sales
THIRD QUARTER RESULTS
50. $46.4
$54.8
$15.0
$2.2 ($10.1)
($1.7)
$3.0
$35.0
$45.0
$55.0
$65.0
Prior Year Impact of Sales/ FCM Currency Operating Activity Benefits Other Adjusted EBITDA
Q3 '18 YTD Adjusted EBITDA vs. Prior Year $MM
$20.0
$16.1
$4.5 ($2.9)
($0.1)
($4.3)
($1.1)
10.0
15.0
20.0
25.0
30.0
Prior Year Impact of Sales/ FCM Currency Operating Activity Benefits Other Adjusted EBITDA
Q3 '18 QTD Adjusted EBITDA vs. Prior Year $MM
Adjusted EBITDA(1) Walk
50
$ in millions
Store and Ship ($2.4MM)
Downtime ($1.4MM)
Reduced E-commerce
spend $4.4MM
Downtime ($3.9MM)
Store and Ship ($3.5MM)
THIRD QUARTER RESULTS
(1) - See the Appendix for a reconciliation of Adjusted EBITDA to net income (loss).
52. Definition and reconciliation of non-GAAP measures
Q3 2018 Q3 2017 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Net income (loss) (U.S. GAAP) (5.0)$ (78.8)$ (93.4)$ 10.1$ 66.3$ 5.0$ 28.5$ 7.0$ 23.6$ 70.1$
Add:
Interest expense 5.7$ 5.1$ 20.4$ 20.9$ 18.5$ 22.9$ 32.0$ 37.7$ 43.4$ 45.2$
Provision (benefit) for income taxes 1.8 2.7 15.8 17.7 (38.2) 8.5 13.2 5.7 1.7 11.6
Depreciation and amortization 11.3 11.2 45.5 48.5 42.7 40.4 44.0 41.5 42.2 41.1
Add: Special items before interest and taxes:
Restructuring and facility closure charges - - - - - 1.0 6.5 - (0.1) 2.5
Severance - - - - - - - 5.1 1.1 -
Pension curtailment and settlement charges - - - 0.2 21.7 0.8 2.3 4.3 - -
Loss (gain) on redemption of debt - - - - - 47.2 2.5 31.1 2.8 (58.3)
Abandoned property - - - - - - 1.8 - 2.7 -
Gain on sale of assets - - - - - - - - (6.8) -
Goodwill and intangible impairment charges - 79.7 79.7 - - - - - - -
Product portfolio optimization - - - 5.7 - - - - - -
Other (1)
2.3 - 2.5 8.5 5.3 (3.5) 5.1 - 2.5 2.8
Less: Accelerated depreciation expense included in special items
and also in depreciation and amortization above - - - - - - (1.5) - - -
Adjusted EBITDA (non-GAAP) 16.1$ 20.0$ 70.6$ 111.6$ 116.3$ 122.1$ 134.4$ 132.4$ 113.1$ 115.0$
119.2$
Net sales 190.8$ 187.3$ 781.8$ 793.4$ 822.3$ 852.5$ 818.8$ 825.3$ 817.1$ 799.8$
Net income (loss) margin (U.S. GAAP) -2.6% -42.1% (11.9%) 1.3% 8.1% 0.6% 3.5% 0.8% 2.9% 8.8%
Adjusted EBITDA Margin (non-GAAP) 8.4% 10.7% 9.0% 14.1% 14.1% 14.3% 16.4% 16.0% 13.8% 14.4%
Reconciliation of Net Income (Loss) to Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) and Adjusted EBITDA Margin
(Dollars in millions)
(1) Q3 2018 includes $2.3 million for legal and professional fees associated with a strategic initiative. 2017 includes $2.5 million for reorganization charges. 2016 includes $4.1 million for work stoppage and
$4.4 million for executive terminations. 2015 includes $4.2 million for reorganization charges, $0.9 million for executive termination, and $0.2 million for an environmental obligation. 2014 includes $(4.7) million
for furnace malfunction net proceeds, $0.9 million for executive retirement charges, and $0.3 million for an environmental obligation. 2013 includes $4.4 million of furnace malfunction charges and $0.7 million
for executive retirement charges. 2011 includes $2.7 million for CEO transition expenses, $(1.0) million for an equipment credit and an $0.8 million write-down of unutilized fixed assets. 2010 includes $2.7
million of fixed asset write-down charges, $1.0 million in expenses related to a secondary stock offering and a $(0.9) million insurance claim recovery. 2008 includes a $4.5 million fixed asset write-down
Adjusted EBITDA excludes special items that Libbey believes are not reflective of our core operating performance.
53. Definition and reconciliation of non-GAAP measures
LTM Q3
2018
LTM Q3
2017 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010
Adjusted EBITDA
(1)
(non-GAAP) 78.9$ 69.9$ 70.6$ 111.6$ 116.3$ 122.1$ 134.4$ 132.4$ 113.1$ 115.0$
Debt reported on balance sheet(2)
(U.S. GAAP) 410.7$ 398.9$ 384.4$ 407.8$ 431.0$ 437.9$ 402.4$ 454.2$ 390.1$ 436.6$
Plus: Unamortized discount, finance fees and warrants (2)
2.6 3.6 3.3 4.5 5.8 7.0 9.5 12.3 11.6 16.9
Less: Carrying value in excess of principal on PIK notes - - - - - - - - - -
Less: Carrying value adjustment on debt related to the Interest
Rate Agreement - - - - - - (1.3) 0.4 4.1 3.3
Gross Debt 413.3 402.5 387.7 412.3 436.9 444.9 413.2 466.1 397.6 450.2
Less: Cash and cash equivalents 19.1 21.6 24.7 61.0 49.0 60.0 42.2 67.2 58.3 76.3
Debt net of cash 394.2$ 380.9$ 363.0$ 351.3$ 387.9$ 384.9$ 371.0$ 398.9$ 339.3$ 373.9$
Debt net of cash to Adjusted EBITDA Ratio (non-GAAP) 5.0 5.5 5.1 3.1 3.3 3.2 2.8 3.0 3.0 3.3
Computation of Adjusted EBITDA to Debt net of cash to Adjusted EBITDA Ratio and Adjusted EBITDA
(Dollars in millions)
(1) - See prior page for calculation and reconciliation to net income.
(2) - All years reflect retrospective adoption of ASU 2015-03 and 2015-15, which presents debt issuance costs of senior debt as a reduction to the liability.
54. FY 2017
Reported income from operations (53.7)$
Add: Adjustments
Goodwill Impairment 79.7$
Reorganization/ Restructuring Charges 2.5
Adjusted income from operations 28.5
Factor to apply taxes 65%
After tax adjusted income from operations 18.5$
Reported property, plant and equipment, net 265.7$
Accounts receivable 90.0
Inventories 187.9
Less: Accounts payable 78.3
Reported Trade Working Capital 199.5$
Total Invested Capital 465.2$
ROIC 4.0%
Calculation of Return on Invested Capital (ROIC)
(dollars in millions)
Definition and reconciliation of non-GAAP measures
Definitions – Other Non-GAAP Measures
Trade Working Capital is defined as net accounts receivable plus net inventory less
accounts payable.
Return On Invested Capital (ROIC) is defined as after tax income from operations
(using a 35% tax rate), adjusted for special items, over ending Trade Working
Capital plus net book value of property, plant and equipment
Constant currency references regarding net sales reflect a simple mathematical
translation of local currency results using the comparable prior period’s currency
conversion rate. Constant currency references regarding Segment EBIT, Adjusted
EBITDA and Adjusted EBITDA Margin comprise a simple mathematical translation
of local currency results using the comparable prior period’s currency conversion
rate plus the transactional impact of changes in exchange rates from revenues,
expenses and assets and liabilities that are denominated in a currency other than
the functional currency. Our currency market risks include currency fluctuations
relative to the U.S. dollar, Canadian dollar, Mexican peso, euro and RMB.
Free Cash Flow is defined as net cash provided by operating activities plus net
cash provided by (used in) investing activities.
56. This presentation is being shared by Libbey Inc. (the “Company”) for informational purposes only and is not, and may not be relied on in any manner as, legal, tax, investment,
accounting or other advice. This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Securities Exchange
Act of 1934 and the Private Securities Litigation (Reform Act of 1995, that involve a number of risks and uncertainties. These statements relate to future events, the Company’s
future financial performance with respect to the Company’s financial condition, results of operations, business plans and strategies, operating efficiencies or synergies, competitive
positions, growth opportunities for existing products, plans and objectives of the Company’s management, capital expenditures and other matters. These statements involve known
and unknown risks, significant uncertainties and other factors (many of which are beyond the control of the Company) that may cause the Company or the Company’s industry’s
actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by any forward-looking statements. In some cases, you can
identify forward-looking statements by terminology such as “may”, “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,”
“potential,” “pro forma,” “seek” or “continue” or the negative of those terms or other comparable terminology. These statements are only predictions and actual results may differ
from predictions and such differences may be material. Any forward-looking statements that we make in this presentation speak only as of the date this presentation is given, and
we undertake no obligation to update such statements. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of
future performance, unless expressed as such, and should only be viewed as historical data.
Although we base these forward-looking statements on assumptions that we believe are reasonable when made, we caution you that forward-looking statements are not
guarantees of future performance and that our actual results of operations, financial condition, liquidity, prospects, growth, strategies, position in the market and the development
of the industry in which we operate may differ materially from those described in or suggested by the forward-looking statements contained in this presentation. In addition, even if
our results of operations, financial condition, liquidity, prospects, growth, strategies, position in the market and the development of the industry in which we operate are consistent
with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in subsequent periods. Given
these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements.
The Company advises you that in the normal course of its business it evaluates potential strategic opportunities that may be available from time to time, including acquisitions,
dispositions, mergers, private equity financings and other corporate transactions. The Company’s evaluation of such opportunities may involve discussions and negotiations with
interested parties concerning the proposed terms and conditions of a potential transaction. As a matter of policy, the Company does not comment on such matters unless
negotiations with interested parties have advanced to the point where they would be material to a reasonable investor and the Company is legally obligated to disclose such
negotiations.
This presentation and today’s prepared remarks contain non-GAAP financial measures. We believe that the Adjusted Earnings Before Interest Taxes Depreciation and Amortization,
or Adjusted EBITDA; Adjusted EBITDA margin; Adjusted Selling, General & Administrative Expense (Adjusted SG&A); Trade Working Capital; Debt, net of cash to Adjusted EBITDA; and
references to sales in constant currency are meaningful measures for investors to compare our results from period to period. Reconciliations of the non-GAAP to GAAP measures
may be found in the Appendix of this presentation as well as in the earnings press release and the supplemental financials.
This presentation also contains estimates and other statistical data made by independent parties and by the Company relating to market size and growth and other industry data.
These data involve a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. The Company has not independently verified the
statistical and other industry data generated by independent parties and contained in this presentation and, accordingly, it cannot guarantee their accuracy or completeness. In
addition, projections, assumptions and estimates of its future performance and the future performance of the industries in which it operates are necessarily subject to a high degree
of uncertainty and risk due to a variety of factors.