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PPG Industries, Inc. PPG Industries, Inc. Indiana University SCOOPS September 20 th, 2005.

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Presentation on theme: "PPG Industries, Inc. PPG Industries, Inc. Indiana University SCOOPS September 20 th, 2005."— Presentation transcript:

1 PPG Industries, Inc. PPG Industries, Inc. Indiana University SCOOPS September 20 th, 2005

2 Overview Overview PPG – do you know who we are? Financial Leadership Program Characteristics of FLDs Opportunities/Positions for FLDs Specific Career Paths

3 PPG – Who Are We? PPG – Who Are We? Mutation of P&G – Sorry, but No! Points per Game – Nope! Pittsburgh Plate Glass – Used to be! Power Play Goal – Nah…

4 PPG Global producer of Glass, Fiberglass, Coatings, and Chemicals HQed in Pittsburgh, PA 30,000+ Employees Worldwide 100+ Manufacturing Facilities 21 Different Countries

5 PPG Composed of 15 SBUs Continuous dividends since 1899 Over 100,000 shareholders of which 25,000 are current or retired PPG employees Grouped into Glass, Fiberglass, Coatings and Chemicals

6 PPG Global Operations Australia Argentina Belgium Brazil Canada China England France Germany Ireland Italy Japan Mexico Netherlands Philippines South Korea Spain Taiwan Thailand Turkey United States Venezuela

7 PPG-Financial Results 2004 Total Sales – $9.5 Billion Coatings Chemicals Glass

8 PPG-Global Sales & Operating Income Glass 25% Chemicals 20% Coatings 55% Chemicals 23% Glass 7% Coatings 70% 2004 SalesOperating Income

9 PPG - Coatings Worlds No. 1 producer of transportation coatings –Two of every three new cars on the road today contain PPG coatings –PPGs color palette includes more than 60,000 colors covering virtually every vehicle model manufactured over the past 60 years

10 PPG - Coatings Worlds leading producer of industrial coatings –Used on thousands of applications ranging from golf balls to refrigerators

11 PPG - Coatings A world leader in packaging coatings technology –Its Bairocade coating, which seals carbonation inside plastic beverage containers, was recognized by R&D Magazine as one of the top technological breakthroughs of 1997

12 PPG - Coatings A leading supplier of coatings and sealants to the worlds commercial, military and general aircraft industries –Sealants, coatings used on satellites, missiles and space telescopes –Sealants used on NASAs space shuttle solid rocket boosters

13 PPG - Coatings Maker of Olympic, Lucite, Pittsburgh and Porter brand paints/stains –Among the most respected names in the North American consumer finishes market

14 PPG - Glass Worlds leader in production of windows for commercial, military and general aviation aircraft. PPG aircraft transparencies: –Seal in cabin pressure, protect pilots from airborne hazards –Heated to reduce effects of fog and frost –Can darken to reduce glare –Can display instrument readings

15 PPG - Glass One of the worlds largest manufacturers of flat glass –Fabricated into a wide assortment of finished products for homes, commercial buildings, aircraft, furniture and motor vehicles

16 PPG - Glass One of the worlds largest makers of original and replacement automotive glass –Tinted, coated, heat-absorbing glass improves comfort, reduces load on air conditioners –Full line of replacement glass parts for vehicles dating back to 1949

17 PPG – Fiber Glass Producer of continuous-strand fiber glass used for a variety of purposes –Including electronic circuit boards, recreational boat hulls, tub and shower units

18 PPG - Chemicals Producer of specialty chemicals –Including optical products, silicas, fine chemicals A leader in the production of chlor- alkali chemicals –Used in plastics, water purification, pulp/paper manufacturing, oil drilling, aluminum production

19 PPG - Chemicals One of the worlds largest producers of phosgene derivatives –Used in pharmaceutical intermediates, organic peroxides, agricultural chemicals, artificial sweeteners, other custom-manufactured products

20 PPG - Chemicals Developer of Transitions – one of the worlds fastest-growing optical businesses –Plastic photochromic lenses automatically darken and lighten depending upon exposure to sunlight

21 Finance at PPG Financial Leadership Development Program (FLD)

22 FLD Program Broad Finance Opportunities Actual Job 1 st ~ 18 mos; then 2-3 yrs Ownership of Career Promote / Reward Performance Diversity of Assignments OTJ Training

23 Development Goals Build broad skills and experience in a variety of financial disciplines Provide insight into the complexity of managing financial problems in a global economy Develop planning, control, and management skills needed to achieve PPGs Goals Provide successors for financial management opportunities

24 FLD Characteristics Leadership Skills Adaptability Effective Communication Skills Strong Analytical Skills Ability to Learn Quickly Geographic Flexibility GPA >= 3.2 on 4.0 scale Majors: Accounting, Finance, Economics, and Management Studies –Must have at least 2 terms of accounting

25 Functional Opportunities Managerial Accounting –Financial Analysis, Long-Range Planning, Capital Budgeting Financial Accounting –Inventory Control, A/P, A/R, Payroll, Costing Internal Auditing –Internal Controls, Asset Verification, Frequent Travel, Can Satisfy Experience for CPA Treasury –Cash Management, Debt/Equity Financing Issues, Credit Management Tax Administration

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27 Financial Accountant- Controllers Staff Position Description: Complete a variety of SBU specific accounting/reporting activities including consolidation accounting/reporting, PPG long range plan data gathering & assimilation, and oversight for macro SBU accounting items. Ensure application of appropriate FASB/GAAP accounting principles

28 Ongoing interaction with various SBU, Corporate, and international PPG functions Skills and Success Factors: Solid PC Skills Attention to Detail Business Knowledge Account Analysis Financial Accountant- Cont

29 Skills and Success Factors: Financial Analysis Technical Accounting Skills Other Information: General Office Indirect Supervision of Clerical Staff Travel is <10% Financial Accountant- Cont

30 Staff Auditor Position Description: Assist Senior Auditor in performing all fieldwork at an audit location. Fieldwork can include some of planning of the audit, identifying key transactions and risks at the unit, ensuring that the unit has proper internal controls in place to address the identified risks, and testing the units internal controls to ensure that they are functioning properly.

31 Position Description: Assist with discussion and communication of all findings to various levels of PPG management. Perform various ad hoc projects, as requested by Audit Managers. Skills and Success Factors: Communicate & Share Information Learn Continuously Size up Situations Staff Auditor – Cont

32 Skills and Success Factors: Foreign language proficiency Internal controls Technical accounting skills Other Information: Based out of General Office; audits performed at any PPG location worldwide Travel is 50-75% Staff Auditor – Cont

33 Daily Duties: Interview different associates who perform different functions Data analysis and transactional testing is done to verify internal controls are in place and functioning properly Document the process and testing performed Staff Auditor – Cont

34 PPG-Credit Rep./Collection Specialist/Credit Mgr. Position Description: Optimize customer collections. Minimize credit risk for a group of customers belonging to one or several PPG SBUs. Understand customer financial information and make business decisions based on the risk to PPG. Establish and maintain appropriate credit limits.

35 PPG-Credit Rep./Collection Specialist/Credit Mgr. Skills and Success Factors: Communicate & Share Information Focus on Results Promote Teamwork Business negotiations Financial analysis PC Skills

36 PPG-Credit Rep./Collection Specialist/Credit Mgr. Other Information: General Office and other PPG locations Travel is 10%

37 Revenue/Sales Accountant Position Description: Ensure timely and accurate accounting relating to PPG revenue stream. Participate in development and maintenance of various SBU specific revenue reporting mechanisms. Identify and pursue opportunities to maximize PPG cash flow. Maintain appropriate internal control environment. Ongoing interaction with SBU Marketing, Sales and Logistics functions.

38 Skills and Success Factors: Attend to Detail Communicate & Share Information Solve Problems Account Analysis Internal controls PC Skills Revenue/Sales Accountant

39 Other Information: General Office and select plant locations, Supervision of non-exempt personnel Travel is <10% Revenue/Sales Accountant

40 PPG-Administrative Services Analyst Position Description: Participation in the monthly closing process; developing various accounting applications/procedures to reduce cycle time and costs. Maintain appropriate internal control environment. Various project assignments. Need solid PC Skills

41 PPG-Administrative Services Analyst Skills and Success Factors: Communicate & Share Information Drive Change Focus on Results Account analysis Internal Controls Project management Other Information: Chillicothe or other shared services location Indirect Supervision of Non-exempt personnel

42 PPG-Administrative Services Analyst Daily Duties: Check control documents for inconsistencies Research why past due invoices have not been paid Prepare reconciliation of RM and MRO accounts Analyze activity in RM and MRO accounts Special projects dealing with individual vendors

43 Dan Lemansky - IU 97 1997 - Oak Creek, WI – FLD Trainee (Industrial Coatings) 1998 – Oak Creek, WI – Staff Accountant (Industrial Coatings) 1999 – 2000 – Oak Creek, WI – Cost Accountant / MBA – Marquette University (Industrial Coatings) 2001 – 2003 – Pittsburgh, PA – Financial/Business Planning Analyst (Packaging Coatings) 2004 – Present – Pittsburgh, PA – Accounting Manager (Architectural Coatings)

44 Mark Guenthenspberger - IU 94 Staff Accountant Chlor-Alkali SBU; Lake Charles, LA Financial Accountant Chlor-Alkali SBU; Pittsburgh, PA Sr. Cost Analyst Chlor-Alkali SBU; Natrium, WV Financial Project Coordinator Coatings Controllership; Pittsburgh, PA Financial Analyst TrueFinish TM Industrial Coatings; Pittsburgh, PA Manager, Credit Services Architectural SBU; Louisville, KY

45 PPG Visit our website at: www.ppg.com


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