Indiana University PPG Industries, Inc. Scoop Session 9-23-03.

Indiana University

PPG Industries, Inc.

Scoop Session9-23-03

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

– 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

Glass19%

Chemicals26%

Coatings55%

Chemicals16%

Glass14% Coatings

69%

2002

Sales Operating Income

Financial Results

2002Total Sales – $8.098 Billion

Coatings$4.483 billion

Chemicals$2.095 billion

Glass$1.52 billion

PPG Global Operations

Australia • Argentina • Belgium • Brazil • Canada • China • England • France • GermanyIreland • Italy • Japan • Mexico • Netherlands • Philippines • South Korea • Spain

Taiwan • Thailand • Turkey • United States • Venezuela

Finance at PPG

Financial Leadership Development

(FLD)

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

GPA >= 3.0 on 4.0 scale

Majors: Accounting, Finance, Economics, and Management Studies

– Must have at least 2 terms of accounting

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

Financial Accountant -Controller’s Staff

Position Description: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:Skills and Success Factors:

Solid PC Skills

Attention to Detail

Business Knowledge

Account Analysis

Financial Accountant -Controller’s Staff

Skills and Success Factors:Skills and Success Factors:

Financial Analysis

Technical Accounting Skills

Other Information:Other Information:

General Office

Indirect Supervision of Clerical Staff

Travel is <10%

Staff Assistant Auditor / Staff Auditor

Position Description: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: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:Skills and Success Factors:

Communicate & Share Information

Learn Continuously

Size up Situations

Staff Assistant Auditor / Staff Auditor

Skills and Success Factors:Skills and Success Factors:

Foreign language proficiency

Internal controls

Technical accounting skills

Other Information:Other Information:

Based out of General Office; audits performed at any PPG location worldwide

Travel is 50-75%

Staff Assistant Auditor / Staff Auditor

Daily Duties: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

Credit Rep./Collection Specialist/Credit Mgr.

Position Description: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: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:Other Information:

General Office and other PPG locations

Travel is 10%

Revenue/Sales Accountant

Position Description: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:Skills and Success Factors:

Attend to Detail

Communicate & Share Information

Solve Problems

Account Analysis

Internal controls

PC Skills

Revenue/Sales Accountant

Other Information:Other Information:

General Office and select plant locations,

Supervision of non-exempt personnel

Travel is <10%

Administrative Services Analyst

Position Description: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:Skills and Success Factors:

Communicate & Share Information

Drive Change

Focus on Results

Account analysis

Internal Controls

Project management

Other Information:Other Information:

Chillicothe or other shared services location

Indirect Supervision of Non-exempt personnel

Administrative Services Analyst

Daily Duties: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

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 – PR. – Pittsburgh, PA – Financial/Business Planning Analyst (Packaging Coatings)

Christine Camsuzou – ‘86

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 – Corp. Dir. Quality Initiatives

Visit our market resource center at:

www.ppg.com