RPM International Inc. (NYSE:RPM) Q1 2023 Earnings Conference Call October 5, 2022 10:00 AM ET Company Participants Matt Schlarb - Senior Director of IR Frank Sullivan - Chairman & CEO Michael Laroche - VP, Controller & Chief Accounting Officer Rusty Gordon - VP & CFO Conference Call Participants John McNulty - BMO Capital Markets John Roberts - Credit Suisse Mike Harrison - Seaport Research Partners Vincent Andrews - Morgan Stanley Steve Byrne - Bank of America Arun Viswanathan - RBC Capital Markets Josh S ...

| --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-----------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fiscal 2023 | | | | | | | | First-Quarter | | | | | | | | Results | | | | | | | | | | | | | | | | October 5, 2022 | | Forward-Looking Statements & Regulation G This presentation contains "forward-looking statements" relating to our business. These forward-looking statements, or other statements made by us, ...

Financial Performance - RPM International Inc. achieved record consolidated net sales of $1.98 billion for Q4 2022, a 13.7% increase from $1.74 billion in Q4 2021, with organic sales growth of 15% [19] - Adjusted diluted earnings per share reached a record $1.42, up 10.9% from $1.28 in the prior year [19] - Consolidated adjusted EBIT increased 11.7% to a record $263.7 million compared to $236.2 million in Q4 2021 [20] Business Segment Performance - The Construction Products Group reported record net sales of $745.9 million, an 18.5% increase year-over-year, with organic sales growth of 19.9% [20] - Performance Coatings Group net sales reached $329.4 million, a 16.3% increase, with organic sales up 17.4% [24] - Specialty Products Group achieved record net sales of $225.8 million, an 11.4% increase, with organic sales growth of 12.2% [27] - Consumer Group net sales were $682.8 million, an 8.6% increase, with organic sales growth of 10% [30] Market Performance - International markets showed mixed results, with Europe facing macroeconomic challenges while Latin America experienced significant double-digit sales gains [22] - The Consumer Group's growth was driven by improved supply of key alkyd resins and price increases, although European markets remained challenged [31] Company Strategy and Industry Competition - RPM is focusing on operational efficiency and has initiated a new program called MAP 2025 to build on the success of its previous growth initiatives [17] - The company is making strategic investments in organic growth initiatives, particularly in high-performance building construction and coating systems [40] Management Commentary on Operating Environment and Future Outlook - Management acknowledged ongoing challenges such as inflation, supply chain issues, and foreign exchange headwinds, particularly affecting the Consumer Group [38] - Despite recessionary concerns, demand for products that improve energy efficiency is expected to remain strong [40] - The company anticipates consolidated sales growth in the mid-teens for Q1 2023, with each segment expected to see sales growth in the teens [41] Other Important Information - RPM repurchased $50 million of common stock since the last earnings release, contributing to a total of $658 million towards its $1 billion repurchase goal [34] - The company is hiring a new Senior Director of Investor Relations to enhance its investor relations function [43] Q&A Session Summary Question: Does the alkyd resin capacity get you to the integration that you want? - Management believes they have achieved the desired backward integration at this point, with plans to invest close to $100 million over the next three years for further integration [46][48] Question: Which markets do you think are most at risk? - The biggest challenges are seen in Europe due to inflation and the impact of the Russian war on Ukraine [49] Question: Can you break down how much of the organic growth was pricing versus volume in the construction business? - Unit volume growth was in the mid- to high single digits, with demand remaining strong despite supply shortages [52] Question: How do you expect inventory levels to normalize? - The company anticipates significant improvement in inventory levels in fiscal 2023, moving towards a more balanced state [101] Question: What is the outlook for raw material costs? - The company expects continued inflation in raw materials, with specific challenges noted in silicones and alkyd resins [108]

☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 10-K Commission File No. 1-14187 RPM INTERNATIONAL INC. (Exact Name of Registrant as Specified in its Charter) Delaware 02-0642224 (State or Other Jurisdiction of Incorporation or ...

Fiscal 2022 Fourth-Quarter and Year-End Results July 25, 2022 Forward-Looking Statements & Regulation G This presentation contains "forward-looking statements" relating to our business. These forward-looking statements, or other statements made by us, are made based on our expectations and beliefs concerning future events impacting us and are subject to uncertainties and factors (including those specified below), which are difficult to predict and, in many instances, are beyond our control. As a result, our ...

2022 Wells Fargo Industrials Conference RPM Investor Presentation BUILDING A BETTER WORLD Russell L. Gordon, VP & CFO Michael J. Laroche, VP-Controller & CAO May 4, 2022 Forward-Looking Statements & Regulation G This presentation contains "forward-looking statements" relating to our business. These forward-looking statements, or other statements made by us, are made based on our expectations and beliefs concerning future events impacting us and are subject to uncertainties and factors (including those speci ...

Financial Data and Key Metrics Changes - RPM International Inc. reported consolidated net sales of $1.43 billion for Q3 2022, a 13% increase from $1.27 billion in Q3 2021. Organic sales growth was 13.4% or $170.1 million, while acquisitions contributed 1.4% or $17.8 million. However, foreign exchange negatively impacted sales by 1.8% or $23.4 million [17] - Adjusted diluted earnings per share remained unchanged at $0.38 compared to the previous year, while consolidated adjusted EBIT increased by 0.8% to a record $80.6 million [18] - The company achieved double- or triple-digit growth in sales, EBIT, net income, diluted EPS, and adjusted diluted EPS when comparing Q3 2022 to pre-pandemic Q3 of FY 2020 [18] Business Line Data and Key Metrics Changes - The Construction Products Group generated record net sales of $482 million, up 21.7% compared to Q3 2021, with organic sales growth of 23.2% [22] - The Performance Coatings Group reported record net sales of $270.9 million, a 19.6% increase over the previous year, with organic sales growth of 17.8% [26] - The Specialty Products Group achieved record net sales of $189.4 million, an 11.9% increase compared to Q3 2021, with organic sales growth of 11.9% [29] - The Consumer Group reported net sales of $491.6 million, a modest increase of 2.9% compared to the previous year, with organic sales growth of 3.6% [33] Market Data and Key Metrics Changes - The company faced significant raw material cost inflation, with primary raw material costs up more than 40% on average compared to the previous year [11] - The Consumer Group was disproportionately impacted by inflation and supply chain disruptions, leading to a decline in adjusted EBIT for the fourth consecutive quarter [21] Company Strategy and Development Direction - RPM is focused on accelerating organic growth and making significant capital investments in high-performance building, construction, and coding systems [15] - The company is implementing price increases to address raw material cost inflation, particularly in the Consumer Group [51][55] - RPM is also investing in capacity and process improvements to enhance resilience in its supply chain [37] Management's Comments on Operating Environment and Future Outlook - Management anticipates ongoing supply chain challenges and raw material shortages will impact revenues and productivity in Q4 2022 [40] - Despite these challenges, RPM expects consolidated sales growth in the low teens for Q4 2022, with adjusted EBIT also expected to increase in the low teens [42] - The company is optimistic about achieving record results in Q1 2023 across all segments, driven by strong momentum and strategic actions taken [113] Other Important Information - RPM has significant liquidity, enabling it to fund growth initiatives, make acquisitions, and reward investors with dividends and share repurchases [38] - The company has been proactive in addressing supply chain challenges by scaling up in-house resin production [12] Q&A Session Summary Question: Raw material price trends and concerns - Management noted that raw material prices had been flattening but have recently increased again due to geopolitical issues, particularly the war in Ukraine [48] Question: Impact of alkyd resin supply on Consumer business - The Texas facility has improved alkyd resin production, but overall supply remains challenging due to market dynamics [62] Question: Capacity expansion in Construction Products - Management expects significant capacity expansion in roof restoration coatings and Nudura, potentially unlocking $50 million to $100 million in additional capacity [73] Question: Operating conditions in Europe and Asia - RPM's business in Asia remains stable, while Europe is recovering slowly, with no significant disruptions noted yet [80] Question: Consumer segment pricing process - The Consumer segment faces delays in price adjustments due to negotiations with large customers, necessitating multiple price increases [91] Question: Operating cash flow and working capital - Operating cash flows have been negatively impacted by working capital issues, but management expects some recovery in Q4 [101]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 28, 2022, or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 1-14187 RPM International Inc. (Exact name of Registrant as specified in its charter) DELAWARE 02-0642224 (State or other jurisdiction of in ...

Fiscal 2022 Third-Quarter Results Frank C. Sullivan Chairman and CEO April 6, 2022 Forward-Looking Statements & Regulation G This presentation contains "forward-looking statements" relating to our business. These forward-looking statements, or other statements made by us, are made based on our expectations and beliefs concerning future events impacting us and are subject to uncertainties and factors (including those specified below), which are difficult to predict and, in many instances, are beyond our cont ...

Fiscal 2022 Second-Quarter Results Frank C. Sullivan Chairman and CEO January 5, 2022 Forward-Looking Statements & Regulation G This presentation contains "forward-looking statements" relating to our business. These forward-looking statements, or other statements made by us, are made based on our expectations and beliefs concerning future events impacting us and are subject to uncertainties and factors (including those specified below), which are difficult to predict and, in many instances, are beyond our c ...