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Indiana University. Poop Session 9/23/02. PPG Industries, Inc. Overview. PPG – who we are Program for Finance Undergrads Developmental Goals of the Program Characteristics of FLDs Opportunities for FLDs Specific Positions of FLDs Career Paths of Individuals. PPG Is.
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Indiana University Poop Session 9/23/02 PPG Industries, Inc.
Overview • PPG – who we are • Program for Finance Undergrads • Developmental Goals of the Program • Characteristics of FLDs • Opportunities for FLDs • Specific Positions of FLDs • Career Paths of Individuals
PPG Is . . . • A global maker of coatings, flat glass, continuous-strand fiber glass, industrial and specialty chemicals • A company founded in 1883 • More than 100 production facilities
PPG Is . . . • More than 35,000 people in21 countries • Based in Pittsburgh, Pa. • Owned by 100,000 shareholders, including 25,000 employees and retirees
PPG Is . . . • One of few publicly traded companies to pay its shareholders dividends continually since 1899 • Composed of 15 strategic business units in four major product areas: • Coatings – Fiber Glass • Glass – Chemicals
Coatings • World’s No. 1 producer of transportation coatings • two of every three new cars on the road today contain PPG coatings • PPG’s color palette includes more than 60,000 colors covering virtually every vehicle model manufactured over the past 60 years
Coatings • World’s leading producer of industrial coatings • used on thousands of applications ranging from golf balls to refrigerators
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
Coatings • A leading supplier of coatings and sealants to the world’s commercial, military and general aircraft industries • sealants, coatings used on satellites, missiles and space telescopes • sealants used on NASA’s space shuttle solid rocket boosters
Coatings • Maker of Olympic, Lucite, Pittsburgh and Porter brand paints/stains • among the most respected names in the North American consumer finishes market
Glass • World’s leader in production of windows for commercial, military and general aviation aircraft. PPG aircraft transparencies: • seal in cabin pressure, protect pilots from airborne hazards • are heated to reduce effects of fogand frost • can darken to reduce glare • can display instrument readings
Glass • One of the world’s largest manufacturers of flat glass • fabricated into a wide assortment of finished products for homes, commercial buildings, aircraft, furniture and motor vehicles
Glass • One of the world’s 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
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
Chemicals • Producer of specialty chemicals • including optical products, silicas, fine chemicals
Chemicals • One of the world’s largest producers of phosgene derivatives • used in pharmaceutical intermediates, organic peroxides, agricultural chemicals, artificial sweeteners, other custom-manufactured products
Chemicals • A leader in the production of chlor-alkali chemicals • used in plastics, water purification, pulp/paper manufacturing, oil drilling, aluminum production
Chemicals • Developer of Transitions – one of the world’s fastest-growing optical businesses • plastic photochromic lenses automatically darken and lighten depending upon exposure to sunlight
Global Sales &Operating Income Sales Operating Income Chemicals 14% Chemicals 19% Coatings 54% Coatings1 55% Glass 27% Glass2 31% 2000 1 Includes pre-tax charges of $41 million for integration of packaging acquisition and cost reduction efforts. 2 Includes pre-tax restructuring and one-time costsof $6 million related to PPG Auto Glass.
Global Sales &Operating Income Sales Operating Income Chemicals 11% Chemicals 19% Coatings 53% Coatings 50% Glass 28% Glass 39% 1st Half 2001
Financial Results Chemicals $1.6 billion Coatings $4.7 billion Glass $2.3 billion 2000 Total Sales – $8.6 Billion
Financial Results Chemicals $391 million Coatings $1,165 million Glass $608 million 2nd Quarter 2001 Total Sales – $2,164 Million
PPG Global Operations Australia • Argentina • Belgium • Brazil • Canada • China • England • France • GermanyIreland • Italy • Japan • Mexico • Netherlands • Philippines • South Korea • SpainTaiwan • Thailand • Turkey • United States • Venezuela
FLD Program • Broad Finance Opportunities • Actual Job • 1st – 12 months then (2-3yrs) • Ownership of Career • Promote / Reward Performance • Diversity of Assignments • OTJ Training
Developmental 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 PPG’s Goals • Provide successors for financial management opportunities
FLD Characteristics • Leadership Skills • Adaptability • Effective Communication Skills • Strong Analytical Skills • Ability to Learn Quickly • Geographic Flexibility
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
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 Financial Accountant -Controller’s Staff
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 -Controller’s Staff
Skills and Success Factors: Financial Analysis Technical Accounting Skills Other Information: General Office Indirect Supervision of Clerical Staff Travel is <10% Financial Accountant -Controller’s Staff
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 unit’s internal controls to ensure that they are functioning properly. Staff Assistant Auditor / Staff Auditor
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 Assistant Auditor / Staff Auditor
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 Assistant Auditor / Staff Auditor
Position Description: Optimize customer collections. Minimize credit risk for a group of customers belonging to one or several PPG SBU’s. Understand customer financial information and make business decisions based on the risk to PPG. Establish and maintain appropriate credit limits. Credit Rep./Collection Specialist/Credit Mgr.
Skills and Success Factors: Communicate & Share Information Focus on Results Promote Teamwork Business negotiations Financial analysis PC Skills Credit Rep./Collection Specialist/Credit Mgr.
Other Information: General Office and other PPG locations Travel is 10% Credit Rep./Collection Specialist/Credit Mgr.
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. Revenue/Sales Accountant
Skills and Success Factors: Attend to Detail Communicate & Share Information Solve Problems Account Analysis Internal controls PC Skills Revenue/Sales Accountant
Other Information: General Office and select plant locations, Supervision of non-exempt personnel Travel is <10% Revenue/Sales Accountant
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 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 Administrative Services Analyst
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 – PR. – Pittsburgh, PA – Financial/Business Planning Analyst (Packaging Coatings) Dan Lemansky - IU ‘97
1997 – Cleveland, OH – Staff/Cost Accountant (Auto Coatings) 1998 – Pinellas Park, FL – Cost Analyst (Transitions Optical) 2000 – PR. - Louisville, KY & Batavia, IL-Finance/Admin./Acct.(Olympic Stain,Lucite and Pittsburgh Paints) Travis Perry - IU ‘97
Paris and Pittsburgh – Internal Auditor Tlanepantla, Mexico – Asst. Fin. Director Torrance, CA – Cost Accountant Ladywood, UK – Mgr. Financial Reporting San Juan del Rio, Mexico – Fin. Director Pittsburgh – Manager Strategic Development Arville, France – Integration Manager Pittsburgh – General Credit Manager Pittsburgh – V.P. Quality Initiatives Christine Camsuzou – ‘86