Ppg Industries, Inc. · NYSE:PPG

Ppg Industries — Q1 2016 Earnings Presentation

14 slides from Ppg Industries's earnings presentation, Apr 21, 2016

  1. Slide 1: PPG - First Quarter 2016 Financial Results

    PPG - First Quarter 2016 Financial Results Michael H. McGarry, President and Chief Executive Officer Frank S. Sklarsky, Executive Vice President and Chief Financial Officer Vincent J. Morales, Vice President Investor Relations and Treasurer Scott A. Minder, Director Investor Relations Information cu

  2. Slide 2: Forward Looking Statement

    Forward Looking Statement The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of the Company. This presentation contains forward-looking statements that reflect the Company’s current views with respect to future events and f

  3. Slide 3: First Quarter 2016 Financial Highlights

    First Quarter 2016 Financial Highlights • Sales growth continues; 4 percent increase in local currencies  Aggregate sales volumes increased 1 percent year-over-year, led by 3 percent growth in EMEA  Acquisition-related sales contributed 3 percent from 6 acquisitions completed in 2015  Unfavorable

  4. Slide 4: PPG First Quarter Net Sales

    PPG First Quarter Net Sales $3,750 +0.3% +1.0% -3.8% +2.8% 3,662 3,672 $3,500 $3,250 ($ in millions) 1Q'15 Price Volume Currency Acq./Div. 1Q'16 PPG Y-O-Y Volume Trends Dollar/Euro Conversion Rate (excl. price, currency and acquisition/divestiture impacts) (Quarter rate = 3-month average) 1.40 1.37

  5. Slide 5: Net Sales Volume Trends – Coatings Segments

    Net Sales Volume Trends – Coatings Segments PPG Coatings Y-O-Y Regional Volume Trends 1Q 2016 Commentary Y-O-Y (versus 1Q 2015): (excl. price, currency and acquisition/divestiture impacts) U.S. & Canada: 1Q’15 Year-over-year sales volumes were slightly higher than the prior Total Coatings 1% year; c

  6. Slide 6: PPG Western Europe Organic Growth Trends

    PPG Western Europe Organic Growth Trends Q1 2015 Q1 2016 UK UK Germany Germany France France Italy Italy Spain Spain Growth Rate > 2% Between 2% & 0% < 0% Expansion of growth rates across Western Europe 6

  7. Slide 7: PPG First Quarter Earnings Per Share

    PPG First Quarter Earnings Per Share Adjusted Earnings Per Diluted Share* First Quarter Comments $1.50 CAGR – 24%  Reporting segment updates included on succeeding slides. Aggregate items 1.31 embedded in segment reviews: 1.18  Income leverage from sales volume growth  Continued cost management 0

  8. Slide 8: Performance Coatings

    Performance Coatings New Products at U.S. National Accounts $MM (USD) 1Q15 1Q16 Chg % Net Sales 2,055 2,039 -16 -1% Income 262 279 17 +6% Margin % 12.7% 13.7% -- -- Select Net Sales Detail Total Volume Currency 1Q Y-O-Y Change -1% +1% -4% First Quarter (Y-O-Y): Second Quarter 2016 Outlook:  Continu

  9. Slide 9: Industrial Coatings

    Industrial Coatings 7.0 Regional Auto Production Forecast (million units) $MM (USD) 1Q15 1Q16 Chg % 6.5 Net Sales 1,340 1,372 32 +2% 6.0 5.5 Income 244 265 21 +9% 5.0 4.5 Margin % 18.2% 19.3% -- -- 4.0 Select Net Sales Detail Total Volume Currency 3.5 N. America EMEA China 1Q Y-O-Y Change +2% +1% -4

  10. Slide 10: Glass

    Glass $MM (USD) 1Q15 1Q16 Chg % 50 Glass Segment Income ($MM) 40 37 38 Net Sales 267 261 -6 -2% 32 33 30 28 Income 30 28 -2 -7% 30 Margin % 11.2% 10.7% -- -- 20 10 Select Net Sales Detail Total Volume Currency 1Q Y-O-Y Change 0 -2% -2% -1% Q4'14 Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 First Quarter (Y-O-Y): S

  11. Slide 11: Balance Sheet and Cash

    Balance Sheet and Cash First Quarter Cash and Short Term First Quarter 2016 Activity Investments ($MM) $3,500  1Q 2016 approximate cash uses: $3,039  Capital Spending $75MM $3,000  Dividends $100MM  Share Repurchases $150MM $2,500 $2,380  1Q 2016 debt maturity paid out of cash $2,000 $1,500  S

  12. Slide 12: First Quarter Summary

    First Quarter Summary  Record first quarter financial performance  Record first quarter adjusted earnings per diluted share up 11 percent year-over-year; 13th consecutive double-digit percentage increase  Sales in local currencies up 4 percent; acquisition-related sales added 3 percent and sales

  13. Slide 13: Additional Materials and Appendix

    Additional Materials and Appendix Thank you for your interest in PPG Industries, Inc. Contact Information: Investors: Scott Minder - (412) 434-3466 Media: Mark Silvey - (412) 434-3046

  14. Slide 14: Adjusted EPS Reconciliation

    Adjusted EPS Reconciliation 1st Quarter Reporting Period Continuing Operations Discontinued Operations Total PPG Net Income EPS Net Income EPS Net Income EPS Year 2016 Net Income Attributable to PPG as Reported $ 347 $ 1.29 $ -- $ -- $ 347 $ 1.29 Transaction-related costs 1 0.01 -- -- 1 0.01 Asset w

PPG Industries — Q1 2016 Earnings Presentation on 6ix