Investor Presentaiton
Margin Improvement Initiatives
MVantage Utilization
Plant Transformation
✓ 7 sites completed in 2018;
2 currently underway in 2019
Performance Improvement Team
(PIT) events.
Training and Standards
✓ 2018 had highest annual
Continuous Improvement (CI) belt
certifications since 2013
✓ Kaizen events up 86% YoY in
2018 and up 14% YoY in Q1 2019
Continued capital investments to
support efficiency improvements
■
Footprint Optimization
Verdi, NV cut-stock plant startup
progressing as planned
Capacity investments at targeted
sites to cost effectively supply
North America
✓ Announced closure of 2 North
America Residential plants and 1
Architectural plant
Leveraging global supplier
footprint to achieve lowest landed
cost
Reduced headcount in SG&A and
Overhead
"
Portfolio Optimization
Targeted divestiture of non-core
businesses/product lines in UK
✓ 2 divestitures completed Q1 2019
✓ 1 additional non-core business
targeted for divestiture 2H 2019
Rationalizing SKUs to increase
efficiency and reduce complexity
for customers
Continue to launch new offerings
and manage product portfolio to
drive higher AUP
✓ North America Residential vitality
index now >11%
Improved mix focus across all
regions
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Executing well on our key strategic initiatives and previously announced restructuring
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