SlideShare a Scribd company logo
 	
  	
  
Myers	
  Industries,	
  Inc.	
  
Scepter	
  Acquisi4on	
  Conference	
  Call	
  
July	
  9,	
  2014	
  
2	
  
Statements in this presentation concerning the Company’s goals, strategies, and expectations for business and financial results
may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on
current indicators and expectations. Whenever you read a statement that is not simply a statement of historical fact (such as when
we describe what we "believe," "expect," or "anticipate" will occur, and other similar statements), you must remember that our
expectations may not be correct, even though we believe they are reasonable. We do not guarantee that the transactions and
events described will happen as described (or that they will happen at all). You should review this presentation with the
understanding that actual future results may be materially different from what we expect. Many of the factors that will determine
these results are beyond our ability to control or predict. You are cautioned not to put undue reliance on any forward-looking
statement. We do not intend, and undertake no obligation, to update these forward-looking statements. These statements involve
a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the
applicable statements. Such risks include: (1) changes in the markets for the Company’s business segment; (2) changes in trends
and demands in the markets in which the Company competes; (3) unanticipated downturn in business relationships with customers
or their purchase; (4) competitive pressures on sales and pricing; (5) raw material availability, increases in raw material costs, or
other production cost; (6) harsh weather condition; (7) future economic and financial conditions in the United States and around the
world; (8) inability of the Company to meet future capital requirements; (9) claims, litigation and regulatory actions against the
Company; (10) changes in laws and regulations affecting the Company; (11) the Company’s ability to execute the components of its
strategic plan; and other risks as detailed in the Company’s 10-K and other reports filed with the Securities and Exchange
Commission.
Myers Industries, Inc. encourages investors to learn more about these risk factors. A detailed explanation of these factors is
available in the Company’s publicly filed quarterly and annual reports, which can be found online at www.myersind.com and at the
SEC.gov web site.
EBITDA, adjusted EBITDA, free cash flow and net debt are not defined terms under U.S. generally accepted accounting principles
(non-GAAP measures). Non-GAAP measures should not be considered in isolation or as a substitute for net income, cash flow or
total debt figures prepared in accordance with GAAP and may not be comparable to similarly titled measures calculated by other
companies.
	
  
Forward	
  Looking	
  Statements;	
  Non	
  GAAP	
  Measures	
  
Myers	
  Industries	
  Overview	
  
3	
  
•  NYSE:	
  MYE	
  
•  Founded	
  in	
  1933	
  
•  Headquartered	
  in	
  Akron,	
  Ohio	
  
•  3600	
  employees	
  	
  
•  Interna4onal	
  manufacturer	
  of	
  polymer	
  products	
  
•  Wholesale	
  distributor	
  for	
  4re	
  repair	
  and	
  retread	
  
products	
  
Scepter	
  Overview	
  
•  Founded	
  in	
  Ontario	
  in	
  1949	
  
•  Headquartered	
  in	
  Toronto,	
  Ontario	
  
•  350	
  employees	
  
•  Industry	
  leading	
  manufacturer	
  of	
  polymer	
  products	
  
that	
  serve	
  four	
  markets:	
  
•  Consumer	
  
•  Military	
  
•  Marine	
  
•  Industrial	
  	
  
	
  
4	
  
Scepter	
  Acquisi4on	
  Overview	
  
•  Acquisi4on	
  completed	
  July	
  2,	
  2014	
  
•  Purchase	
  price	
  was	
  $157M	
  
•  Purchased	
  Scepter	
  Corpora4on	
  (Canadian	
  company)	
  and	
  
Scepter	
  Manufacturing,	
  LLC	
  (U.S.	
  company)	
  	
  
•  Third	
  bolt-­‐on	
  acquisi4on	
  in	
  Material	
  Handling	
  in	
  two	
  
years	
  
•  2013	
  annual	
  sales	
  approximately	
  $100M	
  
•  Represents	
  an	
  almost	
  30%	
  increase	
  to	
  the	
  Material	
  Handling	
  Segment	
  
2013	
  sales	
  
5	
  
Scepter	
  Acquisi4on	
  Ra4onale	
  
•  Immediately	
  enhances	
  Myers’	
  overall	
  profitability,	
  free	
  
cash	
  flow	
  and	
  return	
  on	
  invested	
  capital	
  
•  Complements	
  Material	
  Handling	
  Segment	
  in	
  end	
  
markets,	
  products,	
  and	
  technologies	
  
•  Aligns	
  closely	
  with	
  core	
  growth	
  placorms	
  
•  Storage	
  and	
  Safety	
  Products	
  
•  Specialty	
  Molding	
  
•  Provides	
  Myers	
  opportunity	
  to	
  move	
  into	
  adjacent	
  
markets	
  –	
  military	
  and	
  consumer	
  
•  Expands	
  geographic	
  reach	
  
6	
  
Scepter	
  Transac4on	
  Economics	
  
•  Purchase	
  price	
  $157M	
  
•  Trailing	
  twelve	
  months	
  EBITDA	
  $23.5M	
  
•  EBITDA	
  mul4ple	
  of	
  6.7	
  4mes	
  before	
  synergies	
  
•  Expected	
  to	
  be	
  immediately	
  accre4ve	
  to	
  adjusted	
  
earnings	
  per	
  share	
  
•  Annual	
  synergies	
  of	
  more	
  than	
  $2.0M	
  are	
  an4cipated	
  
•  Myers	
  increased	
  its	
  senior	
  secured	
  revolving	
  credit	
  
facility	
  to	
  $300M	
  to	
  fund	
  acquisi4on	
  
•  Other	
  terms	
  of	
  the	
  facility	
  remain	
  unchanged	
  
•  Proceeds	
  from	
  the	
  dives4ture	
  of	
  the	
  Lawn	
  &	
  Garden	
  Segment	
  will	
  be	
  
used	
  to	
  pay	
  down	
  debt	
  
7	
  
Addi4onal	
  Recent	
  Announcements	
  &	
  Events	
  
•  Commencement	
  of	
  the	
  sale	
  of	
  the	
  Lawn	
  &	
  Garden	
  
Segment	
  	
  
•  Two-­‐phase	
  restructuring	
  complete	
  	
  	
  
•  Engaged	
  William	
  Blair	
  to	
  assist	
  with	
  the	
  sales	
  process	
  
•  Expect	
  the	
  sale	
  to	
  be	
  completed	
  in	
  less	
  than	
  twelve	
  months	
  
•  Reported	
  as	
  discon4nued	
  opera4on	
  in	
  second	
  quarter	
  Form	
  10Q	
  filing	
  
•  Sale	
  of	
  WEK	
  Industries,	
  Inc.	
  to	
  Industrial	
  Opportunity	
  
Partners	
  
•  Sale	
  price	
  of	
  approximately	
  $19.5M	
  	
  
•  Segment	
  repor4ng	
  realignment	
  
•  Reduces	
  our	
  repor4ng	
  segments	
  from	
  four	
  to	
  two	
  
•  Starts	
  with	
  the	
  second	
  quarter	
  Form	
  10Q	
  filing	
  	
  
•  Two	
  reportable	
  segments	
  
•  Material	
  Handling	
  	
  
•  Distribu4on	
  
8	
  
Appendix	
  
9	
  
Scepter	
  EBITDA	
  Reconcilia4on	
  (Unaudited)	
  
10	
  
($	
  millions	
  USD) TTM	
  5/31/2014
EBIT	
  (1)
18.2$	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
Depreciation	
  and	
  Amortization 5.3	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
EBITDA 23.5$	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
(1) Earnings before interest and taxes of Scepter Corporation and Scepter Manufacturing, LLC (Scepter).
Consumer	
  Segment	
  
	
  
•  Automo4ve	
  fuel	
  containers	
  
•  “Flo	
  n’	
  go”	
  fluid	
  transfer	
  system	
  
Marine	
  Segment	
  	
  
•  Remote	
  outboard	
  engine	
  fuel	
  tanks	
  
•  Fuel	
  transfer	
  systems	
  
	
  
	
  
Military	
  Segment	
  	
  
•  Ammuni4on	
  packaging	
  
•  Fuel	
  and	
  water	
  canisters	
  
	
  
	
  
Industrial	
  Segment	
  	
  
	
  
•  Food	
  and	
  beverage	
  handling	
  
•  Storage	
  containers	
  
Scepter	
  Markets	
  &	
  Products	
  
11	
  
 	
  

More Related Content

What's hot

Investor presentations dec final
Investor presentations dec finalInvestor presentations dec final
Investor presentations dec final
FinningInternational
 
Q2 2018 earnings call slides 07.26.18 final
Q2 2018 earnings call slides 07.26.18   finalQ2 2018 earnings call slides 07.26.18   final
Q2 2018 earnings call slides 07.26.18 final
IronMInc
 
The Home Depot Announces First Quarter Results
The Home Depot Announces First Quarter ResultsThe Home Depot Announces First Quarter Results
The Home Depot Announces First Quarter Results
finance2
 
Q1 2017 Rockwell Collins, Inc. Earnings Conference Call
Q1 2017 Rockwell Collins, Inc. Earnings Conference CallQ1 2017 Rockwell Collins, Inc. Earnings Conference Call
Q1 2017 Rockwell Collins, Inc. Earnings Conference Call
rockwell_collins
 
Sysco 2Q15 Earnings Results
Sysco 2Q15 Earnings ResultsSysco 2Q15 Earnings Results
Sysco 2Q15 Earnings Results
Sysco_Investors
 
Sidoti investor presentation 3.29.17 final
Sidoti investor presentation 3.29.17 finalSidoti investor presentation 3.29.17 final
Sidoti investor presentation 3.29.17 final
ADAESIR
 
Sem group investor presentation august 2017 final
Sem group investor presentation august 2017 finalSem group investor presentation august 2017 final
Sem group investor presentation august 2017 final
SemGroupCorporation
 
Cpi card group presentation june 2016 final web
Cpi card group presentation june 2016 final webCpi card group presentation june 2016 final web
Cpi card group presentation june 2016 final web
cpi2016ir
 
Sem group investor presentation november 2017 final
Sem group investor presentation november 2017 finalSem group investor presentation november 2017 final
Sem group investor presentation november 2017 final
SemGroupCorporation
 
Q2 2018 investor presentation slides
Q2 2018 investor presentation slidesQ2 2018 investor presentation slides
Q2 2018 investor presentation slides
anixterir
 
May 2017 investor presentation
May 2017 investor presentationMay 2017 investor presentation
May 2017 investor presentation
anixterir
 
Sem group investor presentation february 2017 final
Sem group investor presentation february 2017 finalSem group investor presentation february 2017 final
Sem group investor presentation february 2017 final
SemGroupCorporation
 
Project referee slides v final
Project referee slides v finalProject referee slides v final
Project referee slides v final
irbgcpartners
 
Management Investor Presentation - Year End 2015
Management Investor Presentation - Year End 2015Management Investor Presentation - Year End 2015
Management Investor Presentation - Year End 2015
RioCan
 
SEMG & RRMS 1Q 2016 Results
SEMG & RRMS 1Q 2016 ResultsSEMG & RRMS 1Q 2016 Results
SEMG & RRMS 1Q 2016 Results
Kiley Roberson
 
Crestwood investor deck january 2018
Crestwood investor deck january 2018Crestwood investor deck january 2018
Crestwood investor deck january 2018
CrestwoodCorporate
 
1 new ir 03-31-16
1 new ir 03-31-161 new ir 03-31-16
1 new ir 03-31-16
OUTFRONTMediaIR
 
Q1 2018 investor presentation slides
Q1 2018 investor presentation slidesQ1 2018 investor presentation slides
Q1 2018 investor presentation slides
anixterir
 
2017 q2 investor relations slides
2017 q2 investor relations slides2017 q2 investor relations slides
2017 q2 investor relations slides
anixterir
 
Fy17 q1 supplemental web presentation
Fy17 q1 supplemental web presentationFy17 q1 supplemental web presentation
Fy17 q1 supplemental web presentation
maxim2015ir
 

What's hot (20)

Investor presentations dec final
Investor presentations dec finalInvestor presentations dec final
Investor presentations dec final
 
Q2 2018 earnings call slides 07.26.18 final
Q2 2018 earnings call slides 07.26.18   finalQ2 2018 earnings call slides 07.26.18   final
Q2 2018 earnings call slides 07.26.18 final
 
The Home Depot Announces First Quarter Results
The Home Depot Announces First Quarter ResultsThe Home Depot Announces First Quarter Results
The Home Depot Announces First Quarter Results
 
Q1 2017 Rockwell Collins, Inc. Earnings Conference Call
Q1 2017 Rockwell Collins, Inc. Earnings Conference CallQ1 2017 Rockwell Collins, Inc. Earnings Conference Call
Q1 2017 Rockwell Collins, Inc. Earnings Conference Call
 
Sysco 2Q15 Earnings Results
Sysco 2Q15 Earnings ResultsSysco 2Q15 Earnings Results
Sysco 2Q15 Earnings Results
 
Sidoti investor presentation 3.29.17 final
Sidoti investor presentation 3.29.17 finalSidoti investor presentation 3.29.17 final
Sidoti investor presentation 3.29.17 final
 
Sem group investor presentation august 2017 final
Sem group investor presentation august 2017 finalSem group investor presentation august 2017 final
Sem group investor presentation august 2017 final
 
Cpi card group presentation june 2016 final web
Cpi card group presentation june 2016 final webCpi card group presentation june 2016 final web
Cpi card group presentation june 2016 final web
 
Sem group investor presentation november 2017 final
Sem group investor presentation november 2017 finalSem group investor presentation november 2017 final
Sem group investor presentation november 2017 final
 
Q2 2018 investor presentation slides
Q2 2018 investor presentation slidesQ2 2018 investor presentation slides
Q2 2018 investor presentation slides
 
May 2017 investor presentation
May 2017 investor presentationMay 2017 investor presentation
May 2017 investor presentation
 
Sem group investor presentation february 2017 final
Sem group investor presentation february 2017 finalSem group investor presentation february 2017 final
Sem group investor presentation february 2017 final
 
Project referee slides v final
Project referee slides v finalProject referee slides v final
Project referee slides v final
 
Management Investor Presentation - Year End 2015
Management Investor Presentation - Year End 2015Management Investor Presentation - Year End 2015
Management Investor Presentation - Year End 2015
 
SEMG & RRMS 1Q 2016 Results
SEMG & RRMS 1Q 2016 ResultsSEMG & RRMS 1Q 2016 Results
SEMG & RRMS 1Q 2016 Results
 
Crestwood investor deck january 2018
Crestwood investor deck january 2018Crestwood investor deck january 2018
Crestwood investor deck january 2018
 
1 new ir 03-31-16
1 new ir 03-31-161 new ir 03-31-16
1 new ir 03-31-16
 
Q1 2018 investor presentation slides
Q1 2018 investor presentation slidesQ1 2018 investor presentation slides
Q1 2018 investor presentation slides
 
2017 q2 investor relations slides
2017 q2 investor relations slides2017 q2 investor relations slides
2017 q2 investor relations slides
 
Fy17 q1 supplemental web presentation
Fy17 q1 supplemental web presentationFy17 q1 supplemental web presentation
Fy17 q1 supplemental web presentation
 

Viewers also liked

Myers Investor Presentation April 2015
Myers Investor Presentation April 2015Myers Investor Presentation April 2015
Myers Investor Presentation April 2015
Myers_Investors
 
Q4 2015 earnings conference call presentation 24 2_16_final
Q4 2015 earnings conference call presentation 24 2_16_finalQ4 2015 earnings conference call presentation 24 2_16_final
Q4 2015 earnings conference call presentation 24 2_16_final
Myers_Investors
 
Myers scepter-acquisition-2014
Myers scepter-acquisition-2014Myers scepter-acquisition-2014
Myers scepter-acquisition-2014
Myers_Investors
 
Mye presentation november 2015
Mye presentation november 2015Mye presentation november 2015
Mye presentation november 2015
Myers_Investors
 
Mye presentation september 2015
Mye presentation september 2015Mye presentation september 2015
Mye presentation september 2015
Myers_Investors
 
CL King 2014 Best Ideas Conference.pptx
CL  King 2014 Best Ideas Conference.pptxCL  King 2014 Best Ideas Conference.pptx
CL King 2014 Best Ideas Conference.pptx
Myers_Investors
 
Mye presentation august 2015
Mye presentation august 2015Mye presentation august 2015
Mye presentation august 2015
Myers_Investors
 
Q2 2015 earnings conference call presentation
Q2 2015 earnings conference call presentationQ2 2015 earnings conference call presentation
Q2 2015 earnings conference call presentation
Myers_Investors
 
Myers presentation may 2015 high_res
Myers presentation may 2015 high_resMyers presentation may 2015 high_res
Myers presentation may 2015 high_res
Myers_Investors
 
Investor presentation november 2014
Investor presentation november 2014Investor presentation november 2014
Investor presentation november 2014
Myers_Investors
 
Mye presentation may 2015
Mye presentation may 2015Mye presentation may 2015
Mye presentation may 2015
Myers_Investors
 
Fourth Quarter 2014 Earnings Call Presentation
Fourth Quarter 2014 Earnings Call PresentationFourth Quarter 2014 Earnings Call Presentation
Fourth Quarter 2014 Earnings Call Presentation
Myers_Investors
 
Q3 fy16 earnings slides final
Q3 fy16 earnings slides finalQ3 fy16 earnings slides final
Q3 fy16 earnings slides final
irusfoods
 
Q2 fy16 earnings slides final
Q2 fy16 earnings slides finalQ2 fy16 earnings slides final
Q2 fy16 earnings slides final
irusfoods
 
Mye q2 2016 earnings conference call presentation final
Mye q2 2016 earnings conference call presentation finalMye q2 2016 earnings conference call presentation final
Mye q2 2016 earnings conference call presentation final
Myers_Investors
 
Mye governance roadshow presentation final
Mye governance roadshow presentation finalMye governance roadshow presentation final
Mye governance roadshow presentation final
Myers_Investors
 
Q1 2016 earnings conference call presentation 05 02_16_final
Q1 2016 earnings conference call presentation 05 02_16_finalQ1 2016 earnings conference call presentation 05 02_16_final
Q1 2016 earnings conference call presentation 05 02_16_final
Myers_Investors
 
Q3 2016 Myers Industries Inc. Earnings Presentation Final
Q3 2016 Myers Industries Inc. Earnings Presentation FinalQ3 2016 Myers Industries Inc. Earnings Presentation Final
Q3 2016 Myers Industries Inc. Earnings Presentation Final
Myers_Investors
 
Royal Dutch Shell plc third quarter 2016 results analyst webcast presentation
Royal Dutch Shell plc third quarter 2016 results analyst webcast presentationRoyal Dutch Shell plc third quarter 2016 results analyst webcast presentation
Royal Dutch Shell plc third quarter 2016 results analyst webcast presentation
Shell plc
 

Viewers also liked (19)

Myers Investor Presentation April 2015
Myers Investor Presentation April 2015Myers Investor Presentation April 2015
Myers Investor Presentation April 2015
 
Q4 2015 earnings conference call presentation 24 2_16_final
Q4 2015 earnings conference call presentation 24 2_16_finalQ4 2015 earnings conference call presentation 24 2_16_final
Q4 2015 earnings conference call presentation 24 2_16_final
 
Myers scepter-acquisition-2014
Myers scepter-acquisition-2014Myers scepter-acquisition-2014
Myers scepter-acquisition-2014
 
Mye presentation november 2015
Mye presentation november 2015Mye presentation november 2015
Mye presentation november 2015
 
Mye presentation september 2015
Mye presentation september 2015Mye presentation september 2015
Mye presentation september 2015
 
CL King 2014 Best Ideas Conference.pptx
CL  King 2014 Best Ideas Conference.pptxCL  King 2014 Best Ideas Conference.pptx
CL King 2014 Best Ideas Conference.pptx
 
Mye presentation august 2015
Mye presentation august 2015Mye presentation august 2015
Mye presentation august 2015
 
Q2 2015 earnings conference call presentation
Q2 2015 earnings conference call presentationQ2 2015 earnings conference call presentation
Q2 2015 earnings conference call presentation
 
Myers presentation may 2015 high_res
Myers presentation may 2015 high_resMyers presentation may 2015 high_res
Myers presentation may 2015 high_res
 
Investor presentation november 2014
Investor presentation november 2014Investor presentation november 2014
Investor presentation november 2014
 
Mye presentation may 2015
Mye presentation may 2015Mye presentation may 2015
Mye presentation may 2015
 
Fourth Quarter 2014 Earnings Call Presentation
Fourth Quarter 2014 Earnings Call PresentationFourth Quarter 2014 Earnings Call Presentation
Fourth Quarter 2014 Earnings Call Presentation
 
Q3 fy16 earnings slides final
Q3 fy16 earnings slides finalQ3 fy16 earnings slides final
Q3 fy16 earnings slides final
 
Q2 fy16 earnings slides final
Q2 fy16 earnings slides finalQ2 fy16 earnings slides final
Q2 fy16 earnings slides final
 
Mye q2 2016 earnings conference call presentation final
Mye q2 2016 earnings conference call presentation finalMye q2 2016 earnings conference call presentation final
Mye q2 2016 earnings conference call presentation final
 
Mye governance roadshow presentation final
Mye governance roadshow presentation finalMye governance roadshow presentation final
Mye governance roadshow presentation final
 
Q1 2016 earnings conference call presentation 05 02_16_final
Q1 2016 earnings conference call presentation 05 02_16_finalQ1 2016 earnings conference call presentation 05 02_16_final
Q1 2016 earnings conference call presentation 05 02_16_final
 
Q3 2016 Myers Industries Inc. Earnings Presentation Final
Q3 2016 Myers Industries Inc. Earnings Presentation FinalQ3 2016 Myers Industries Inc. Earnings Presentation Final
Q3 2016 Myers Industries Inc. Earnings Presentation Final
 
Royal Dutch Shell plc third quarter 2016 results analyst webcast presentation
Royal Dutch Shell plc third quarter 2016 results analyst webcast presentationRoyal Dutch Shell plc third quarter 2016 results analyst webcast presentation
Royal Dutch Shell plc third quarter 2016 results analyst webcast presentation
 

Similar to Scepter Acquisition Conference Call

Mye scepter-acquisition-2014
Mye scepter-acquisition-2014Mye scepter-acquisition-2014
Mye scepter-acquisition-2014
Company Spotlight
 
Myers investor presentation-may-2014
Myers investor presentation-may-2014Myers investor presentation-may-2014
Myers investor presentation-may-2014
Company Spotlight
 
REITWeek 2016 Investor Conference
REITWeek 2016 Investor ConferenceREITWeek 2016 Investor Conference
REITWeek 2016 Investor Conference
IronMInc
 
metlife Investor Day 2008 Investor Relations
metlife 	Investor Day 2008 Investor Relationsmetlife 	Investor Day 2008 Investor Relations
metlife Investor Day 2008 Investor Relations
finance5
 
Reit roadshow 07 15 14
Reit roadshow 07 15 14Reit roadshow 07 15 14
Reit roadshow 07 15 14
IronMInc
 
Investor presentation jp morgan all stars conference
Investor presentation   jp morgan all stars conferenceInvestor presentation   jp morgan all stars conference
Investor presentation jp morgan all stars conference
IronMInc
 
Investor presentation baltimore investor meetings
Investor presentation   baltimore investor meetingsInvestor presentation   baltimore investor meetings
Investor presentation baltimore investor meetings
IronMInc
 
Baird 2015 Growth Stock Conference
Baird 2015 Growth Stock ConferenceBaird 2015 Growth Stock Conference
Baird 2015 Growth Stock Conference
Thor_Industries
 
REITWeek 2015
REITWeek 2015REITWeek 2015
REITWeek 2015
IronMInc
 
Q3 presentation-v8
Q3 presentation-v8Q3 presentation-v8
Q3 presentation-v8
Corning_Owens
 
Q3 2014-irm-supplemental-report-final-10-29-14 v001-h727k7
Q3 2014-irm-supplemental-report-final-10-29-14 v001-h727k7Q3 2014-irm-supplemental-report-final-10-29-14 v001-h727k7
Q3 2014-irm-supplemental-report-final-10-29-14 v001-h727k7
IronMInc
 
Q2 2015 presentation v5
Q2 2015 presentation v5Q2 2015 presentation v5
Q2 2015 presentation v5
Corning_Owens
 
Favorable Outcome Presentation 06 25 14 final
Favorable Outcome Presentation 06 25 14 finalFavorable Outcome Presentation 06 25 14 final
Favorable Outcome Presentation 06 25 14 final
IronMInc
 
February 2015 Investor Presentation
February 2015 Investor PresentationFebruary 2015 Investor Presentation
February 2015 Investor Presentation
IronMInc
 
Jayco acquisition slide deck final
Jayco acquisition slide deck finalJayco acquisition slide deck final
Jayco acquisition slide deck final
Thor_Industries
 
Q4 2014 Earnings Conference Call
Q4 2014 Earnings Conference CallQ4 2014 Earnings Conference Call
Q4 2014 Earnings Conference Call
IronMInc
 
Q4 fy17 earnings presentation v f
Q4 fy17 earnings presentation v fQ4 fy17 earnings presentation v f
Q4 fy17 earnings presentation v f
ir_westrock
 
Q2 2017 Supplemental
Q2 2017 SupplementalQ2 2017 Supplemental
Q2 2017 Supplemental
IronMInc
 
Q2 2017 irm supplemental final revised
Q2 2017 irm supplemental final revisedQ2 2017 irm supplemental final revised
Q2 2017 irm supplemental final revised
IronMInc
 
Q4 2019 Earnings Presentation
Q4 2019 Earnings PresentationQ4 2019 Earnings Presentation
Q4 2019 Earnings Presentation
QTSDataCenters
 

Similar to Scepter Acquisition Conference Call (20)

Mye scepter-acquisition-2014
Mye scepter-acquisition-2014Mye scepter-acquisition-2014
Mye scepter-acquisition-2014
 
Myers investor presentation-may-2014
Myers investor presentation-may-2014Myers investor presentation-may-2014
Myers investor presentation-may-2014
 
REITWeek 2016 Investor Conference
REITWeek 2016 Investor ConferenceREITWeek 2016 Investor Conference
REITWeek 2016 Investor Conference
 
metlife Investor Day 2008 Investor Relations
metlife 	Investor Day 2008 Investor Relationsmetlife 	Investor Day 2008 Investor Relations
metlife Investor Day 2008 Investor Relations
 
Reit roadshow 07 15 14
Reit roadshow 07 15 14Reit roadshow 07 15 14
Reit roadshow 07 15 14
 
Investor presentation jp morgan all stars conference
Investor presentation   jp morgan all stars conferenceInvestor presentation   jp morgan all stars conference
Investor presentation jp morgan all stars conference
 
Investor presentation baltimore investor meetings
Investor presentation   baltimore investor meetingsInvestor presentation   baltimore investor meetings
Investor presentation baltimore investor meetings
 
Baird 2015 Growth Stock Conference
Baird 2015 Growth Stock ConferenceBaird 2015 Growth Stock Conference
Baird 2015 Growth Stock Conference
 
REITWeek 2015
REITWeek 2015REITWeek 2015
REITWeek 2015
 
Q3 presentation-v8
Q3 presentation-v8Q3 presentation-v8
Q3 presentation-v8
 
Q3 2014-irm-supplemental-report-final-10-29-14 v001-h727k7
Q3 2014-irm-supplemental-report-final-10-29-14 v001-h727k7Q3 2014-irm-supplemental-report-final-10-29-14 v001-h727k7
Q3 2014-irm-supplemental-report-final-10-29-14 v001-h727k7
 
Q2 2015 presentation v5
Q2 2015 presentation v5Q2 2015 presentation v5
Q2 2015 presentation v5
 
Favorable Outcome Presentation 06 25 14 final
Favorable Outcome Presentation 06 25 14 finalFavorable Outcome Presentation 06 25 14 final
Favorable Outcome Presentation 06 25 14 final
 
February 2015 Investor Presentation
February 2015 Investor PresentationFebruary 2015 Investor Presentation
February 2015 Investor Presentation
 
Jayco acquisition slide deck final
Jayco acquisition slide deck finalJayco acquisition slide deck final
Jayco acquisition slide deck final
 
Q4 2014 Earnings Conference Call
Q4 2014 Earnings Conference CallQ4 2014 Earnings Conference Call
Q4 2014 Earnings Conference Call
 
Q4 fy17 earnings presentation v f
Q4 fy17 earnings presentation v fQ4 fy17 earnings presentation v f
Q4 fy17 earnings presentation v f
 
Q2 2017 Supplemental
Q2 2017 SupplementalQ2 2017 Supplemental
Q2 2017 Supplemental
 
Q2 2017 irm supplemental final revised
Q2 2017 irm supplemental final revisedQ2 2017 irm supplemental final revised
Q2 2017 irm supplemental final revised
 
Q4 2019 Earnings Presentation
Q4 2019 Earnings PresentationQ4 2019 Earnings Presentation
Q4 2019 Earnings Presentation
 

Recently uploaded

Mandalay Resouces June 2024 Investor Relations PPT
Mandalay Resouces June 2024 Investor Relations PPTMandalay Resouces June 2024 Investor Relations PPT
Mandalay Resouces June 2024 Investor Relations PPT
MandalayResources
 
ppt-namibia-worldeconomy-standardbank.ppt
ppt-namibia-worldeconomy-standardbank.pptppt-namibia-worldeconomy-standardbank.ppt
ppt-namibia-worldeconomy-standardbank.ppt
TestOrg1
 
Cyberagent_For New Investors_EN_240424.pdf
Cyberagent_For New Investors_EN_240424.pdfCyberagent_For New Investors_EN_240424.pdf
Cyberagent_For New Investors_EN_240424.pdf
CyberAgent, Inc.
 
Corporate Presentation Probe June 2024.pdf
Corporate Presentation Probe June 2024.pdfCorporate Presentation Probe June 2024.pdf
Corporate Presentation Probe June 2024.pdf
Probe Gold
 
Understanding-the-E-Way-Bill-A-Digital-Transformation-in-Logistics.pptx
Understanding-the-E-Way-Bill-A-Digital-Transformation-in-Logistics.pptxUnderstanding-the-E-Way-Bill-A-Digital-Transformation-in-Logistics.pptx
Understanding-the-E-Way-Bill-A-Digital-Transformation-in-Logistics.pptx
cosmo-soil
 
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdf
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdf
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdf
SOFTTECHHUB
 
快速办理(CUBoulder毕业证书)科罗拉多大学博尔德分校毕业证录取通知书一模一样
快速办理(CUBoulder毕业证书)科罗拉多大学博尔德分校毕业证录取通知书一模一样快速办理(CUBoulder毕业证书)科罗拉多大学博尔德分校毕业证录取通知书一模一样
快速办理(CUBoulder毕业证书)科罗拉多大学博尔德分校毕业证录取通知书一模一样
f3wjr2q2
 
Collective Mining | Corporate Presentation - June 2024
Collective Mining  | Corporate Presentation - June 2024Collective Mining  | Corporate Presentation - June 2024
Collective Mining | Corporate Presentation - June 2024
CollectiveMining1
 
UnityNet World Environment Day Abraham Project 2024 Press Release
UnityNet World Environment Day Abraham Project 2024 Press ReleaseUnityNet World Environment Day Abraham Project 2024 Press Release
UnityNet World Environment Day Abraham Project 2024 Press Release
LHelferty
 
Cleades robinson:The Diplomat is Blue
Cleades robinson:The Diplomat is BlueCleades robinson:The Diplomat is Blue
Cleades robinson:The Diplomat is Blue
Cleades Robinson
 
Collective Mining | Corporate Presentation - June 2024
Collective Mining | Corporate Presentation - June 2024Collective Mining | Corporate Presentation - June 2024
Collective Mining | Corporate Presentation - June 2024
CollectiveMining1
 
Osisko Gold Royalties Ltd - Corporate Presentation, June 12, 2024
Osisko Gold Royalties Ltd - Corporate Presentation, June 12, 2024Osisko Gold Royalties Ltd - Corporate Presentation, June 12, 2024
Osisko Gold Royalties Ltd - Corporate Presentation, June 12, 2024
Osisko Gold Royalties Ltd
 
Methanex Investor Presentation - April 2024
Methanex Investor Presentation - April 2024Methanex Investor Presentation - April 2024
Methanex Investor Presentation - April 2024
Methanex Corporation
 
AGM Presentation Probe June 11 Final.pdf
AGM Presentation Probe June 11 Final.pdfAGM Presentation Probe June 11 Final.pdf
AGM Presentation Probe June 11 Final.pdf
Probe Gold
 

Recently uploaded (14)

Mandalay Resouces June 2024 Investor Relations PPT
Mandalay Resouces June 2024 Investor Relations PPTMandalay Resouces June 2024 Investor Relations PPT
Mandalay Resouces June 2024 Investor Relations PPT
 
ppt-namibia-worldeconomy-standardbank.ppt
ppt-namibia-worldeconomy-standardbank.pptppt-namibia-worldeconomy-standardbank.ppt
ppt-namibia-worldeconomy-standardbank.ppt
 
Cyberagent_For New Investors_EN_240424.pdf
Cyberagent_For New Investors_EN_240424.pdfCyberagent_For New Investors_EN_240424.pdf
Cyberagent_For New Investors_EN_240424.pdf
 
Corporate Presentation Probe June 2024.pdf
Corporate Presentation Probe June 2024.pdfCorporate Presentation Probe June 2024.pdf
Corporate Presentation Probe June 2024.pdf
 
Understanding-the-E-Way-Bill-A-Digital-Transformation-in-Logistics.pptx
Understanding-the-E-Way-Bill-A-Digital-Transformation-in-Logistics.pptxUnderstanding-the-E-Way-Bill-A-Digital-Transformation-in-Logistics.pptx
Understanding-the-E-Way-Bill-A-Digital-Transformation-in-Logistics.pptx
 
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdf
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdf
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdf
 
快速办理(CUBoulder毕业证书)科罗拉多大学博尔德分校毕业证录取通知书一模一样
快速办理(CUBoulder毕业证书)科罗拉多大学博尔德分校毕业证录取通知书一模一样快速办理(CUBoulder毕业证书)科罗拉多大学博尔德分校毕业证录取通知书一模一样
快速办理(CUBoulder毕业证书)科罗拉多大学博尔德分校毕业证录取通知书一模一样
 
Collective Mining | Corporate Presentation - June 2024
Collective Mining  | Corporate Presentation - June 2024Collective Mining  | Corporate Presentation - June 2024
Collective Mining | Corporate Presentation - June 2024
 
UnityNet World Environment Day Abraham Project 2024 Press Release
UnityNet World Environment Day Abraham Project 2024 Press ReleaseUnityNet World Environment Day Abraham Project 2024 Press Release
UnityNet World Environment Day Abraham Project 2024 Press Release
 
Cleades robinson:The Diplomat is Blue
Cleades robinson:The Diplomat is BlueCleades robinson:The Diplomat is Blue
Cleades robinson:The Diplomat is Blue
 
Collective Mining | Corporate Presentation - June 2024
Collective Mining | Corporate Presentation - June 2024Collective Mining | Corporate Presentation - June 2024
Collective Mining | Corporate Presentation - June 2024
 
Osisko Gold Royalties Ltd - Corporate Presentation, June 12, 2024
Osisko Gold Royalties Ltd - Corporate Presentation, June 12, 2024Osisko Gold Royalties Ltd - Corporate Presentation, June 12, 2024
Osisko Gold Royalties Ltd - Corporate Presentation, June 12, 2024
 
Methanex Investor Presentation - April 2024
Methanex Investor Presentation - April 2024Methanex Investor Presentation - April 2024
Methanex Investor Presentation - April 2024
 
AGM Presentation Probe June 11 Final.pdf
AGM Presentation Probe June 11 Final.pdfAGM Presentation Probe June 11 Final.pdf
AGM Presentation Probe June 11 Final.pdf
 

Scepter Acquisition Conference Call

  • 1.       Myers  Industries,  Inc.   Scepter  Acquisi4on  Conference  Call   July  9,  2014  
  • 2. 2   Statements in this presentation concerning the Company’s goals, strategies, and expectations for business and financial results may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on current indicators and expectations. Whenever you read a statement that is not simply a statement of historical fact (such as when we describe what we "believe," "expect," or "anticipate" will occur, and other similar statements), you must remember that our expectations may not be correct, even though we believe they are reasonable. We do not guarantee that the transactions and events described will happen as described (or that they will happen at all). You should review this presentation with the understanding that actual future results may be materially different from what we expect. Many of the factors that will determine these results are beyond our ability to control or predict. You are cautioned not to put undue reliance on any forward-looking statement. We do not intend, and undertake no obligation, to update these forward-looking statements. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. Such risks include: (1) changes in the markets for the Company’s business segment; (2) changes in trends and demands in the markets in which the Company competes; (3) unanticipated downturn in business relationships with customers or their purchase; (4) competitive pressures on sales and pricing; (5) raw material availability, increases in raw material costs, or other production cost; (6) harsh weather condition; (7) future economic and financial conditions in the United States and around the world; (8) inability of the Company to meet future capital requirements; (9) claims, litigation and regulatory actions against the Company; (10) changes in laws and regulations affecting the Company; (11) the Company’s ability to execute the components of its strategic plan; and other risks as detailed in the Company’s 10-K and other reports filed with the Securities and Exchange Commission. Myers Industries, Inc. encourages investors to learn more about these risk factors. A detailed explanation of these factors is available in the Company’s publicly filed quarterly and annual reports, which can be found online at www.myersind.com and at the SEC.gov web site. EBITDA, adjusted EBITDA, free cash flow and net debt are not defined terms under U.S. generally accepted accounting principles (non-GAAP measures). Non-GAAP measures should not be considered in isolation or as a substitute for net income, cash flow or total debt figures prepared in accordance with GAAP and may not be comparable to similarly titled measures calculated by other companies.   Forward  Looking  Statements;  Non  GAAP  Measures  
  • 3. Myers  Industries  Overview   3   •  NYSE:  MYE   •  Founded  in  1933   •  Headquartered  in  Akron,  Ohio   •  3600  employees     •  Interna4onal  manufacturer  of  polymer  products   •  Wholesale  distributor  for  4re  repair  and  retread   products  
  • 4. Scepter  Overview   •  Founded  in  Ontario  in  1949   •  Headquartered  in  Toronto,  Ontario   •  350  employees   •  Industry  leading  manufacturer  of  polymer  products   that  serve  four  markets:   •  Consumer   •  Military   •  Marine   •  Industrial       4  
  • 5. Scepter  Acquisi4on  Overview   •  Acquisi4on  completed  July  2,  2014   •  Purchase  price  was  $157M   •  Purchased  Scepter  Corpora4on  (Canadian  company)  and   Scepter  Manufacturing,  LLC  (U.S.  company)     •  Third  bolt-­‐on  acquisi4on  in  Material  Handling  in  two   years   •  2013  annual  sales  approximately  $100M   •  Represents  an  almost  30%  increase  to  the  Material  Handling  Segment   2013  sales   5  
  • 6. Scepter  Acquisi4on  Ra4onale   •  Immediately  enhances  Myers’  overall  profitability,  free   cash  flow  and  return  on  invested  capital   •  Complements  Material  Handling  Segment  in  end   markets,  products,  and  technologies   •  Aligns  closely  with  core  growth  placorms   •  Storage  and  Safety  Products   •  Specialty  Molding   •  Provides  Myers  opportunity  to  move  into  adjacent   markets  –  military  and  consumer   •  Expands  geographic  reach   6  
  • 7. Scepter  Transac4on  Economics   •  Purchase  price  $157M   •  Trailing  twelve  months  EBITDA  $23.5M   •  EBITDA  mul4ple  of  6.7  4mes  before  synergies   •  Expected  to  be  immediately  accre4ve  to  adjusted   earnings  per  share   •  Annual  synergies  of  more  than  $2.0M  are  an4cipated   •  Myers  increased  its  senior  secured  revolving  credit   facility  to  $300M  to  fund  acquisi4on   •  Other  terms  of  the  facility  remain  unchanged   •  Proceeds  from  the  dives4ture  of  the  Lawn  &  Garden  Segment  will  be   used  to  pay  down  debt   7  
  • 8. Addi4onal  Recent  Announcements  &  Events   •  Commencement  of  the  sale  of  the  Lawn  &  Garden   Segment     •  Two-­‐phase  restructuring  complete       •  Engaged  William  Blair  to  assist  with  the  sales  process   •  Expect  the  sale  to  be  completed  in  less  than  twelve  months   •  Reported  as  discon4nued  opera4on  in  second  quarter  Form  10Q  filing   •  Sale  of  WEK  Industries,  Inc.  to  Industrial  Opportunity   Partners   •  Sale  price  of  approximately  $19.5M     •  Segment  repor4ng  realignment   •  Reduces  our  repor4ng  segments  from  four  to  two   •  Starts  with  the  second  quarter  Form  10Q  filing     •  Two  reportable  segments   •  Material  Handling     •  Distribu4on   8  
  • 10. Scepter  EBITDA  Reconcilia4on  (Unaudited)   10   ($  millions  USD) TTM  5/31/2014 EBIT  (1) 18.2$                     Depreciation  and  Amortization 5.3                               EBITDA 23.5$                     (1) Earnings before interest and taxes of Scepter Corporation and Scepter Manufacturing, LLC (Scepter).
  • 11. Consumer  Segment     •  Automo4ve  fuel  containers   •  “Flo  n’  go”  fluid  transfer  system   Marine  Segment     •  Remote  outboard  engine  fuel  tanks   •  Fuel  transfer  systems       Military  Segment     •  Ammuni4on  packaging   •  Fuel  and  water  canisters       Industrial  Segment       •  Food  and  beverage  handling   •  Storage  containers   Scepter  Markets  &  Products   11  
  • 12.