Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - TREDEGAR CORP | ex99_1.htm |
| 8-K - TREDEGAR CORPORATION 8-K 5-16-2012 - TREDEGAR CORP | form8k.htm |
EXHIBIT 99.2
Annual Meeting of
Shareholders
May 16, 2012
Exhibit 99.2
Greg Williams
1
George Newbill
2
Austin Brockenbrough
William Gottwald
Richard Morrill
Greg Williams
3
Nancy Taylor
4
Today’s Discussion
5
Tredegar Stock Performance
Percentage Change Since May 1, 2011
Percentage Change Since May 1, 2011
7
$13.92
Kevin O’Leary
8
Bonnell Safety Trend
9
Total Recordable Incident Rate
Lost Time Incident Rate
Films Safety Trend
10
Source: Bureau of Labor Statistics (NAICS Code 326)
*
11
($ millions)
Cash generated from operations funded nearly
40% of the Terphane acquisition
40% of the Terphane acquisition
13
Tredegar Corporation
2011 Financial Overview - Net (Debt) Cash
2011 Financial Overview - Net (Debt) Cash
2011 Activity
2010
2011
14
Annual
First Quarter
15
Terphane Strategic Fit
Delivering on our Acquisition Strategy
Terphane Market Dynamics
Global PET Capacity Utilization
Global PET Capacity Utilization
16
Ø The industry was near peak capacity utilization in 2011
Ø Industry projections for PET growth are strong
Capacity expansion is essential to Terphane’s business strategy
Financial Overview
Terphane Transaction Overview
Terphane Transaction Overview
17
Purchase Price Summary
1. Based on Terphane’s historical financials
2. Acquired on October 24, 2011
We priced the transaction knowing that the business
was coming off peak earnings of an economic cycle
was coming off peak earnings of an economic cycle
|
Purchase Price (net of cash acquired)
|
$183MM
|
|
|
|
EBITDA
|
Multiple
|
|
2010
|
29.0
|
6.3
|
|
2011
|
38.4
|
4.8
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Financial Overview
New Revolving Credit Facility
New Revolving Credit Facility
18
Tredegar’s strong balance sheet and new $350MM
credit line supports our growth strategy
credit line supports our growth strategy
Nancy Taylor
19
Challenges Affecting our Films Performance
20
Lower demand causing intense
price pressure
price pressure
Surface Protection
Addressing Challenges in Films
21
Challenges Affecting our Films Performance
22
Very low growth rates for personal care products
in mature markets
in mature markets
Growth in emerging markets coming from new
consumers of value segment products
consumers of value segment products
Personal Care
23
24
Addressing Current Challenges
Bonnell Aluminum
Volume/Operating Profit Trends
Volume/Operating Profit Trends
25
Bonnell’s Success Story
Experience with Confidence
Experience with Confidence
26
27
Bonnell Aluminum
Strategy
Strategy
28
Excellence
Innovation
Leadership
Operational
Excellence
Tredegar Corporation
Our Strategy - We are Committed to Profitable Growth
Our Strategy - We are Committed to Profitable Growth
29
Tredegar Corporation
Our Vision
Our Vision
30
Inspiring confidence by delivering long-term value to
all of our stakeholders by:
all of our stakeholders by:
Q&A
31