RPM International Investor Presentation — January 2021

Document content

RPM International Inc.Second Quarter Results

Fiscal Year 2021Consolidated Statements of Income

01/06/2021 2*EBIT is defined as earnings (loss) before interest and taxes. Management uses EBIT, as defined, as a measure of operating performance, since

interest expense, net, essentially relates to corporate functions, as opposed to segment operations.($ in thousands, except per share and percent data)

2020 % 2019 % % Change

Net Sales 1,485,915 $ 1,401,292 $ 6.0

Cost of Sales 899,743 60.6 871,894 62.2

Gross Profit 586,172 39.4 529,398 37.8

SG&A 399,418 26.9 403,357 28.8

Restructuring Expense 4,918 0.3 4,801 0.4

Other Expense, Net 3,133 0.2 1,951 0.1

EBIT* (non-GAAP measure) 178,703 12.0 119,289 8.5 49.8

Interest Expense 21,266 1.4 26,341 1.9

Investment (Income), Net (9,519) (0.6) (8,805) (0.6)

Income Before Taxes 166,956 11.2 101,753 7.2

Provision for Income Taxes 39,072 2.6 24,431 1.7

Net Income 127,884 8.6 77,322 5.5 65.4

Less: Net Income Attributable

to Noncontrolling Interests 225 0.0 292 0.0

Net Income Attributable to RPM

Stockholders 127,659 $ 8.6 77,030 $ 5.5 65.7

Diluted EPS 0.98 $ 0.59 $ 66.1 Three Months Ended November 30Consolidated Statements of Income

01/06/2021 3*EBIT is defined as earnings (loss) before interest and taxes. Management uses EBIT, as defined, as a measure of operating performance, since

interest expense, net, essentially relates to corporate functions, as opposed to segment operations.($ in thousands, except per share and percent data)

2020 % 2019 % % Change

Net Sales 3,092,586 $ 2,874,056 $ 7.6

Cost of Sales 1,852,759 59.9 1,769,904 61.6

Gross Profit 1,239,827 40.1 1,104,152 38.4

SG&A 795,370 25.7 803,923 28.0