Mcbride Plc · LSE:MCB
Mcbride — Mcbride Plc Ord — FY2025 Earnings Presentation
23 slides from Mcbride's earnings presentation, Sep 18, 2025
Slide 1: FY25 Results
everyday cleaning products, expertly made FY25 Results McBride plc 17 September 2025
Slide 2: Agenda
Agenda 1 Headlines Pages 3 to 4 Our speakers today 2 Business Progress Pages 5 to 10 3 Financial Review Pages 11 to 20 4 Outlook Pages 21 to 22 Chris Smith Mark Strickland 5 Chief Executive Officer Chief Financial Officer Q&A Page 23 McBride plc | FY25 Results | 17 September 2025 everyday cleaning p
Slide 3: 1. Headlines
1. Headlines McBride plc | FY25 Results | 17 September 2025 everyday cleaning products, expertly made 3
Slide 4: Headlines
Headlines • Further progress towards our CMD strategic ambitions • All-round stronger business • Profit levels sustained • Strong cash conversion and improved net debt cover • ‘Core+’ and ‘Buy and Build’ foundations in place • Annual dividend reinstated £926.5m £85.8m 9.3% +0.7% (constant FX) +£0.4m
Slide 5: 2. Business Progress
2. Business Progress McBride plc | FY25 Results | 17 September 2025 everyday cleaning products, expertly made 5
Slide 6: Performance Against CMD Ambitions
Performance Against CMD Ambitions FY24 FY25 CMD ambition • Underpinned by: Progress in laundry Revenue growth (constant FX) 6.2% 0.7% +2% per annum Strong presence in Germany Contract manufacturing growth Adjusted EBITDA margin 9.3% 9.3% >10% • Focus on growth and cost management Net debt cover 1.5x
Slide 7: An Overall Stronger Business
An Overall Stronger Business Our financial and strategic performance is underpinned by strengths in multiple areas Customer service Productivity Health, safety • Significant improvement • OEE increased 2% in FY25 and wellbeing • CSL increased to 94% • Improvements underpinned • LTI improved 36% • Hi
Slide 8: Household Market Overview
Household Market Overview Private label market share holding at all-time high Market volume and private label share progression Volumes vs FY24 Market Total Branded Private label Household +1% +1% +2% Laundry +2% +1% +2% Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 202
Slide 9: Divisional Highlights
Divisional Highlights Liquids Unit Dosing 2.5% Strategic focus: cost leadership Strategic focus: product leadership 6.4% 9.2% • Strong laundry liquid growth • New formats introduced, notably • Significant new long-term contract in dishwash % of manufacturing client onboarded • Launched two major con
Slide 10: Transformation Programme
Transformation Programme Strong progress across all programmes with £50m net benefits delivery on track Operating Systems Excellence (SAP S/4HANA) Service Excellence • Wave 1 ‘go-live’ scheduled for Autumn 2025 • Customer service level improvements across the Group • Preparation activities already u
Slide 11: 3. Financial Review
3. Financial Review McBride plc | FY25 Results | 17 September 2025 everyday cleaning products, expertly made 11
Slide 12: Financial Highlights
Financial Highlights Strong financial base for future growth £m unless otherwise stated FY25 FY24 Revenue 1 926.5 934.8 1 Headline revenues down £8.3m; however, a £6.5m Adjusted operating profit 2 66.1 67.1 (0.7%) increase at constant FX, supported by growth in contract manufacturing Adjusted operat
Slide 13: Financial Performance
Financial Performance Strong underlying performance Revenue growth vs FY24 across the business Actual Constant FX £m % £m % £926.5m Liquids Unit Dosing (3.2) (4.7) (0.6)% (2.0)% 4.9 (0.6) 0.9% (0.3)% +£6.5m/+0.7% at constant FX Powders (7.3) (7.9)% (5.5) (6.0)% Aerosols 8.0 15.7% 9.1 18.3% Revenue A
Slide 14: Divisions – Liquids
Divisions – Liquids Operating results within CMD ambition range • Volumes grew 3.5%, supported by full-year impact of new contract manufacturing offering • Operating margins impacted by: £529.6m £41.0m − adverse mix effect Revenue Adjusted operating profit − marginal raw materials cost increases − o
Slide 15: Divisions – Unit Dosing
Divisions – Unit Dosing Profit growth through better customer service and efficiency improvements • Volume growth offset by adverse mix effect • Significant improvement in customer service levels • Good cost control to protect margins £228.9m £22.5m Revenue Adjusted operating profit • ‘FleXellence’
Slide 16: Divisions – Powders
Divisions – Powders Building on contract wins from prior year whilst managing cost base • Revenue impacted by delays in contract launches, product mix changes and UK demand allocation • Margins protected through cost control, operational £85.5m £6.8m efficiency and cost engineering Revenue Adjusted
Slide 17: Divisions – Aerosols & Asia Pacific
Divisions – Aerosols & Asia Pacific • Revenue growth supported by significant contract wins • Revenue impacted by subdued private label demand in in Germany and personal care product launches South East Asia • Capacity investments • Good progress in Australia with new private label household wins •
Slide 18: Costs
Costs Costs continue to be under control Input costs Overheads • Continued focus on cost optimisation • Technology playing an increasingly important role through: − SAP S/4HANA delivery − data analytics − AI Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 • Distribution costs 9.2% of revenu
Slide 19: Other Financials
Other Financials Strong financial position provides platform for future expansion Pensions Capex Net debt • £(23.0)m UK scheme deficit • Cash spend £30.4m, up from • Strong cash conversion (FY24: £(27.5)m) £19.6m • 1.2x adjusted EBITDA • £7.0m contributions in FY25 • Additional investment in SAP • L
Slide 20: Dividend
Dividend Sustainable, profitable growth to support shareholder returns • Dividend reinstated • FY25 recommendation 3.0p per share • Subject to approval at 2025 AGM • Future dividends to be assessed annually McBride plc | FY25 Results | 17 September 2025 everyday cleaning products, expertly made 20
Slide 21: 4. Outlook
4. Outlook McBride plc | FY25 Results | 17 September 2025 everyday cleaning products, expertly made 21
Slide 22: Outlook
Outlook Focus on excellence to secure our ability to deliver sustainable growth • Private label market share holding at recent all‑time high • Good customer partnerships, robust pipeline of new launches • Delivering customer value through smart pricing, product engineering and product positioning in
Slide 23: 5. Q&A
5. Q&A McBride plc | FY25 Results | 17 September 2025 everyday cleaning products, expertly made 23