EXHIBIT 99.2
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Annual Meeting of
Shareholders
May 16, 2012
Exhibit 99.2
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Greg Williams
1
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George Newbill
2
Austin Brockenbrough
William Gottwald
Richard Morrill
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Greg Williams
3
![](https://capedge.com/proxy/8-K/0001140361-12-026225/ex99_25.jpg)
Nancy Taylor
4
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Today’s Discussion
5
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Tredegar Stock Performance
Percentage Change Since May 1, 2011
Percentage Change Since May 1, 2011
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$13.92
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Kevin O’Leary
8
![](https://capedge.com/proxy/8-K/0001140361-12-026225/ex99_210.jpg)
Bonnell Safety Trend
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Total Recordable Incident Rate
Lost Time Incident Rate
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Films Safety Trend
10
Source: Bureau of Labor Statistics (NAICS Code 326)
*
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11
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($ millions)
Cash generated from operations funded nearly
40% of the Terphane acquisition
40% of the Terphane acquisition
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Tredegar Corporation
2011 Financial Overview - Net (Debt) Cash
2011 Financial Overview - Net (Debt) Cash
2011 Activity
2010
2011
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Annual
First Quarter
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Terphane Strategic Fit
Delivering on our Acquisition Strategy
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Terphane Market Dynamics
Global PET Capacity Utilization
Global PET Capacity Utilization
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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
![](https://capedge.com/proxy/8-K/0001140361-12-026225/ex99_218.jpg)
Financial Overview
Terphane Transaction Overview
Terphane Transaction Overview
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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 |
![](https://capedge.com/proxy/8-K/0001140361-12-026225/ex99_219.jpg)
Financial Overview
New Revolving Credit Facility
New Revolving Credit Facility
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Tredegar’s strong balance sheet and new $350MM
credit line supports our growth strategy
credit line supports our growth strategy
![](https://capedge.com/proxy/8-K/0001140361-12-026225/ex99_220.jpg)
Nancy Taylor
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![](https://capedge.com/proxy/8-K/0001140361-12-026225/ex99_221.jpg)
Challenges Affecting our Films Performance
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Lower demand causing intense
price pressure
price pressure
Surface Protection
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Addressing Challenges in Films
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![](https://capedge.com/proxy/8-K/0001140361-12-026225/ex99_223.jpg)
Challenges Affecting our Films Performance
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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
![](https://capedge.com/proxy/8-K/0001140361-12-026225/ex99_224.jpg)
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Addressing Current Challenges
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Bonnell Aluminum
Volume/Operating Profit Trends
Volume/Operating Profit Trends
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![](https://capedge.com/proxy/8-K/0001140361-12-026225/ex99_227.jpg)
Bonnell’s Success Story
Experience with Confidence
Experience with Confidence
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![](https://capedge.com/proxy/8-K/0001140361-12-026225/ex99_228.jpg)
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Bonnell Aluminum
Strategy
Strategy
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Excellence
Innovation
Leadership
Operational
Excellence
![](https://capedge.com/proxy/8-K/0001140361-12-026225/ex99_230.jpg)
Tredegar Corporation
Our Strategy - We are Committed to Profitable Growth
Our Strategy - We are Committed to Profitable Growth
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![](https://capedge.com/proxy/8-K/0001140361-12-026225/ex99_231.jpg)
Tredegar Corporation
Our Vision
Our Vision
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Inspiring confidence by delivering long-term value to
all of our stakeholders by:
all of our stakeholders by:
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Q&A
31