Slide 1: Accelerated strategic growth empowered by people
Mpac Group plc HY25 Investor Presentation Accelerated strategic growth empowered by people We create faster, more efficient automation and packaging systems
Slide 2: Agenda
Agenda 3 About Mpac & Market 11 2025 Interim Results 16 Ambition & Strategy 21 Summary & Outlook 23 Appendices 2 Mpac Group plc 2025 Half Year Results
Slide 3: About Mpac & Market
About Mpac & Market 3 Mpac Group plc 2025 Half Year Results
Slide 4: Who we are
Who we are The proactive actions we announced in July to accelerate the consolidation of operational Half year highlights include a 7%pp footprint in the US and to simplify increase in gross margin, and we our business in response to remain on track to deliver revised challenging conditions sets a f
Slide 5: Mpac: creating & servicing superior automation and packaging machines globally
Mpac: creating & servicing superior automation and packaging machines globally Original Equipment (OE) manufacturing combined with compelling service offerings Sales by Sector (%) Food & Beverage Tadcaster Wijchen Breda Mississauga (UK) 53% (NL) (NL) (CA) 187 people 100 people 166 people 183 people
Slide 6: Mpac: A business model which wins and retains customers
Mpac: A business model which wins and retains customers “We channel limitless ingenuity to create and optimise whole line manufacturing ecosystems. Our world-class productivity helps our clients achieve more with less.” Consult Early customer engagement and buy-in using Mpac’s extensive know how and
Slide 7: Mpac: operating in highly attractive markets with significant growth opportunities
Mpac: operating in highly attractive markets with significant growth opportunities Attractive Market Growth Opportunities Product category Solutions Market value Huge Significant opportunities addressable for growth market Packaging Machinery > Personal healthcare $49.2bn* Competition Acquisition an
Slide 8: Mpac: has an attractive investment proposition
Mpac: has an attractive investment proposition Growth opportunities High quality earnings > F&B and Healthcare markets offer compelling growth opportunities > Expanding project pipeline with increasingly diverse customer base > Fuller line selling potential with the 2024 acquisitions of CSi and BCA
Slide 9: Mpac: Successfully broadening our strategic key accounts
Mpac: Successfully broadening our strategic key accounts 90 OE orders won with 41 different customers 42% By value, 42% OE orders won with new customers £8.6m New customers included £8.6m of orders with 4 new strategic accounts 9 Mpac Group plc 2025 Half Year Results
Slide 10: Responding to Tariffs
Responding to Tariffs Challenging Market Conditions Responding to the Market • Tariff uncertainty causing customers to defer new capital • Consolidated US operations, closing the site in Cleveland. expenditure decisions. • Capacity reduction, releasing contractors, re-allocating and • No impact on e
Slide 11: 2025 Half Year Segmental KPIs: Acquisition CSi
cleaner layout to be had. 2025 Half Year Segmental KPI’s Acquisition: Mpac BCA CSi Robotics, conveying and systems integration capabilities within sanitary, food processing and packaging sector. Order Intake (£m) Order Book (£m) • CSi offers customers comprehensive end-of-line solutions (from case t
Slide 12: Case study: Horizon RedDot Award
Case study: Horizon RedDot Award HORIZON – Next-generation top load cartoning platform, wins a Red Dot Design Award - one of the world’s most respected design honours. Why Horizon stood out: “This is more than just a design win - it’s • Modular & high-speed: Built around Delta robot technology, Hori
Slide 13: H1 2025 results
H1 2025 results 13 Mpac Group plc 2025 Half Year Results
Slide 14: Financial review: 2025 half year highlights
Financial review: 2025 half year highlights £64.2m £91.7m £84.7m 36.0% Order intake Order book Revenue Gross profit margin +7.5% (H1 2024: £59.7m) -22.6% (FY 2024: £118.5m) +41.2% (H1 2024: £60.0m) +7.8pp (H1 2024: 28.2%) £5.0m 12.1p £43.2m £6.9m Underlying profit before tax Underlying EPS Net Debt
Slide 15: Financial review: Group Income Statement (£m)
Financial review: Group Income Statement (£m) For the period to 30 June 2025 OE revenue (£m) Service revenue (£m) 18.0 6.6 91.2 31.8 31.2 82.4 16.0 74.1 74.6 23.1 15.8 46.6 16.5 20.2 44.9 14.0 34.8 40.1 12.3 10 12.0 65.8 18.9 7.0 44.6 15.3 15.4 39.8 37.5 34 10.2 10.8 10.0 2021 2022 2023 2024 H1 2025
Slide 16: Financial review: Balance sheet
Financial review: Balance sheet For the period to 30 June 2025 30.06.2025 31.12.2024 Commentary (£m) (£m) Change > Non-current assets include £107.7m of Intangible Non-current assets 135.9 178.1 -24% assets, £16.2m of Tangible fixed assets, £9.2m of Pension assets and a £2.8m Deferred tax asset Inve
Slide 17: Financial review: 2025 half year cash bridge (£m)
Financial review: 2025 half year cash bridge (£m) For the period to 30 June 2025 30.0 Commentary 9.7 > H1 2025 delivered significant delays to anticipated 25.0 machine orders and consequent deposits, resulting in a negative impact on working capital movements. -6.5 > Existing HSBC borrowing faciliti
Slide 18: 2025 Pension scheme
2025 Pension scheme UK scheme UK Pension Scheme – IAS19 surplus > July 2025 – the Company and the trustees agreed a buy-in transaction with Aviva (£m) 350.0 who purchased a bulk annuity for £249m covering all known liabilities to meet future pension commitments. 300.0 > Marks the ‘beginning of the e
Slide 19: Ambition & Strategy
Ambition & Strategy 19 Mpac Group plc 2025 Half Year Results
Slide 20: Mpac: progress on Group strategy 2025
Mpac: progress on Group strategy 2025 Going for growth Outstanding customer service > Consolidation of US Service operation > Prospect pipeline continues to fill at a rate exceeding the prior year despite lower order intake > Growth opportunity from enlarged combined install base of > 4 new global b
Slide 21: Case study: Board changes
Case study: Board changes To support the next stage in Mpac journey and to support our growth ambitions, we broadened and strengthened our Board team, bringing in a wealth of public company and sector experience. Board of Directors Andrew Kitchingman Adam Holland Will Wilkins Matthew Taylor Clive Wi
Slide 22: Summary & Outlook
Summary & Outlook 22 Mpac Group plc 2025 Half Year Results
Slide 23: Summary 2025 and Outlook
Summary 2025 and Outlook H1 2025 highlights H2 2025 & 2026 outlook > The 2024 acquired businesses are performing well and in line with > Guidance for FY 2025 revised in July following lower than expected OE order expectations, integration progressing well. intake in H1. > Significant progress made i
Slide 24: Appendices
Appendices 24 Mpac Group plc 2025 Half Year Results
Slide 25: Financial review: Group income statement
Financial review: Group income statement For the year to 30 June 2025 H1 2025 H1 2024 (£m) (£m) Change Commentary Revenue 84.7 60.0 41.2% > Growth was driven by the contribution from the newly acquired businesses, with revenue of £26.5m from CSi – Original Equipment 65.8 44.6 47.5% and BCA in the pe
Slide 26: Financial review: Group Balance Sheet (£m)
Financial review: Group Balance Sheet (£m) For the year to 30 June 2025 Inventory (£m) Working Capital (£m) 200.0 178.1 150.0 135.9 15.9 16.6 108.0 13.2 94.3 11.1 100.0 83.6 10.2 9.6 6.9 74.7 50.0 0.4 FY23 HY24 FY24 HY25 FY23 HY24 FY24 HY25 - Net pension asset (£m) Net Current Assets (£m) -28.8-26.2
Slide 27: Appendices: Debt Structure
Appendices: Debt Structure For the period to 30 June 2025 • £33.6m of HSBC Revolving Credit Facility (“facility”) utilised (FY2024: £34.1m) - total facility of £35.0m entered in 2024 for Debt Structure (excl preference shares) (£m) a 3 year period; 5.5 • £9.2m of term loan remaining (FY 2024: £12.0m
Slide 28: Appendices: Summary Share Register
Appendices: Summary Share Register For the period to 30 June 2025 30 June 2025 Schroder Investment Management 3,780,000 Charles Stanley 2,812,093 Interactive Investor (EO) 2,158,331 Hargreaves Lansdown, stockbrokers (EO) 2,062,086 Fidelity International 1,434,244 Directors & Related Parties 1,396,54
Slide 29: We create faster, more efficient automation and packaging systems
Mpac Group plc Station Estate Station Road Tadcaster North Yorkshire LS24 9SG Tel: +44 (0)2476 421100 Email: ho@mpac-group.com mpac-group.com We create faster, more efficient automation and packaging systems