Trian Partners Activist Presentation Deck slide image

Trian Partners Activist Presentation Deck

Bunch Transformed PPG's Portfolio ■ Bunch transformed PPG into a pure-play coatings company CY 2017: Sold North American fiber glass business to Nippon Electric Glass CY 2016: Sold North American flat glass to Vitro SAB de CV; sold its 40% stake in Pittsburgh Glass Works JV (automotive glass); sold European fiber glass to Nippon Electric Glass CY 2014: Sold its 51% stake in Transitions Optical JV to Essilor CY 2012: Divested Commodity Chemicals business via Reverse Morris Trust with Georgia Gulf ■ Sales: $16 $14 $12 $10 $8 $6 $4 $2 $0 ■ ■ ■ In addition to significant divestitures, PPG accelerated its growth in coatings through acquisitions, averaging 7% growth per year in coatings sales over the last decade Net Sales Mix: 2005 vs. Today Source: Investor presentations. $10.5bn 2005 ■Coatings ■Optical Commodity Chemical $14.8bn ■ Glass Current - 19 -
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