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March 8, 2005

March 8, 2005. 1 st Quarter 2005 Conference Call . Presentation Content. Forward Looking Statements :

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March 8, 2005

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  1. March 8, 2005 1st Quarter 2005 Conference Call

  2. Presentation Content Forward Looking Statements: Information presented contains certain forward-looking statements, defined in Section 21E of the Securities Exchange Act of 1934. Forward-looking statements represent our judgment relating to, among other things, future results of operations, growth plans, sales, capital requirements and general industry and business conditions applicable to us. They are based largely on our current expectations. Our actual results could differ materially from the information contained in the forward-looking statements due to a number of factors, including changes in the availability and cost of raw materials, changes in the economy or the plastics industry in general, other unanticipated events that may prevent us from competing successfully in existing or new markets, and our ability to manage our growth effectively. Investors are also directed to the discussion of risks and uncertainties associated with forward-looking statements contained in our Annual Report on Form 10-K filed with the Securities and Exchange Commission.

  3. Investment Highlights…1st Quarter 2005 Results 1st Quarter 2005 Results Net Sales $305 mil. …26% increase over ‘04 Op. Earnings $10.3 mil. …3.4% of Sales or 3¢ per pound shipped Diluted EPS $.09/sh. …vs $.26/sh last yr Quarterly Dividend … $.12/share Investment Highlights • Market Leader in Sheet • Diversified Products & End-Use Markets • Solid Historical Performance…53 Consecutive Profitable Quarters • Accountability Based Culture of Innovation & Productivity with Experienced Management Team • Growth Strategy Combines New Product Developments with Domestic & Global Expansions

  4. === === === === === === === === === === Sales Fluctuations (Last Five Quarters). . . Internal Volume/Acquisition/Price-Mix 1st Qtr 4th Qtr 3rd Qtr 2nd Qtr 1st Qtr FY FY 2005200420042004200420042003 Int Vol 3% 11% 15% 9% 5% 9% 1% Acq 10% 6% 3% 4% 4% 4% 3% Prc/Mx 13% 3% 3% 2%4% 4% 2% Total 26% 20% 21% 15% 13% 17% 6% ==== === ====

  5. Company Overview… Diversity of Products & Markets Key Base Materials... Comprehensive Product Portfolio [Full Year Estimate] Customer End Markets...Packaging Largest Sector [1st Qtr Actual] Other10% Lawn & Garden 6% Other--Specialty 20% Polyethylene 25% Packaging23% Appliances & Electronics 6% ABS 10% Sign & Advertising 8% PVC 10% Polystyrene 20% Rec. & Leisure11% Transportation23% Polypropylene 15% Bldg. & Const.13% 2005 1st Quarter Sales of $305 Million and 340 Million Pounds

  6. Sales Outlook…By “End Market” Application * The following represents rough guidelines for the Outlook Ratings above: Strong = +3% or higher growth; Flat = +/-2% change; Weak = -3% or more decline

  7. Spartech Operating Results…Operating Earnings Per Pound Shipped ¢ ¢ ¢ ¢ Operating Earnings Per Pound ¢ First Quarter

  8. Culture --- Philosophy --- Strategy…Mission -- To Generate Integrity-Based Shareholder Value MISSION STATEMENT Committed to Generating Value For…Customers, Shareholders, Employees STRATEGY CULTURE PHILOSOPHY “Investing in…P.P.T.G” ‘04 “Accountable and Lean” “Growth with Integrity” ‘02 ‘03 Three Pyramids INTEGRATED MANAGEMENT SYSTEM Four Cornerstones GTT ‘96 TCS ‘98 GEP ‘94 GFC ‘00 CPC ‘01 TTQ ‘90 TOS ‘92

  9. Outsourcing Acquisitions…Transactions Completed Last Two Years

  10. International Expansion Activities…Outlook for Next Two Years

  11. Focused Growth…Organic Growth Via Innovative New Products Introduced New Class of Ten Alloy Plastics--April 2004 Introduced Volume II of Product Transformations Brochure--June 2003

  12. Growth Thru Product Transformations … Recognizable PT’s Over Last 8 Years Packaging Recreation & Leisure Transportation Building & Construction Appliance & Hardware

  13. Business Partnership Enhancement Effort…New Centralized Product Development Center - ’04 • A Spartech Centralized Product Development Center Located at Our Warsaw, Indiana Facility; Opened June 2004: • Purpose – To Develop New Products In One Plant Alleviating Stress On Manufacturing Sites To Double As Development Centers • Structure – Will House Two Sheet Lines, VEC Cell, & Two Test Thermoformers To Allow For The Testing Of Various Materials • Benefits Of Centralized R & D Location Will Include: • Improved Production Efficiencies…At Current Manufacturing Sites • Centralized Knowledge Base…On New Product Development • Further Integration…Of S & R And C & C Groups • Accelerate New Products To Market…Both Potential PT’s & Samples

  14. Focused Internal Growth from New Products…Alloy Plastics Drive Product Transformations 54 Alloy Plastics 471 Product Transformations 94 72 1996-2004 CAGR =36% 56 54 1Q05 New Products = 16% of First Qtr ‘05 Sales of $305 Mil ($48Mil) vs. 17% of ‘04Sales of $241 Mil ($41Mil)

  15. Lean Business Enterprise… Strategy and Key Initiatives Objectives: Information Sharing Kanban Implementation Purchasing Leverage Reduction in Suppliers Corporate Purchasing Teams Benefits: Reduced Supplier Lead Times Reduced Freight Costs Improved Material Costs Improved Material Availability Improved Material Quality Levels Objectives: Reduce Change Over Time Yield Improvement Scrap Reduction Cycle Time Reduction Improved Mfg Flexibility Productivity Gains Benefits: Lower Conversion Costs Increase of Current Capacity Higher Customer Satisfaction Improved Cash Flows Improved Lead Times SUPPLY CHAIN MANAGEMENT SHOP FLOOR KAIZENS SPARTECH LEAN ENTERPRISE Objectives: Formalized New Product Process Faster Time to Market Standardized Equipment Smart Automation Benefits: Lower Conversion Costs Higher Customer Satisfaction Improved Sales Growth Improved Cash Flows Objectives: Black & GreenBelt Program Improved Yields Standardized Processes Root Cause/Problem Solving Improved Specifications Total Productive Maintenance Benefits: Lower Conversion Costs Higher Customer Satisfaction Improved Sales Growth Improved Cash Flows ADVANCED PRODUCT DEVELOPMENT & MANUFACTURING 6 SIGMA QUALITY

  16. Total Debt to Total Debt and Equity...Current 1.1 To 1.0 Ratio 1st Qtr

  17. Operating Results for 1st Qtr '05 Versus '04…Sales Up 26% and Net Earnings Down 63%

  18. Spartech Corporation: “Good to Great”…2005 Financial & Operating Goals G R E A T row…Global Sales – Both Internally And Thru Acquisitions – To Produce A 12-15% Sales Increase in 2005…1st Qtr ’05=13% (3% Internal/10% Acquisition) esults …Target Is To  Operating Earnings Per Pound Shipped by .5¢ and Increase Earnings Per Share by 15-20%...Not achieved in 1st Qtr ‘05 fficiently…Utilize Lean Concepts & ACT’s to  Production Capacity by 5-10% And Reduce Debt As CapEx Principally Used To Fund New Technology…Improving & Seasonal ccelerate…Efforts to Advance The Knowledge of our People & Expand Capabilities of our Information Technology System at a Faster Pace (Send Additional 30 People Thru MDT & Initiate Annual Sales Personnel Training)…In Process echnology…Advancements To  the Flow of Alloy Plastics & Product Transformations to Market Thru New Technology Developments at our Product Development Center (Complete 12 Successful Programs in 2005) …In Process

  19. Key Operating Theme for 2005…Investing In “P-P-T-G” Strategy MDT PDC MLB AAE

  20. Spartech Investment Highlights… Market Leader With Solid Growth Strategy • Leader In Custom Sheet Market • North American leader with more than 25% share of custom market • Diversified End-Use Markets • Largest is non-cyclical Packaging market ~ 23% of sales • Largest customer represents less than 5% of sales • Continuing to expand end markets and product offerings • Solid Historical Performance/Outlook • Nine consecutive years of improved earnings performance (1992-2000) • Solid performance in difficult economy (2001-2003)… positioned for future  • New Outsourcing & International Opportunities • 1st Generation Outsourcing Trend Now Occurring • Vita’s Departure Opens Up International Opportunities • Solid Growth Story • New Products represent 17% of Sales For Fiscal 2004 • 25 Acquisitions In Last 12 Years • Operating Management Bonuses Linked To 2005 Goals

  21. March 8, 2005 1st Quarter 2005 Conference Call

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