James Cropper Plc · LSE:CRPR
James Cropper — Investor Day (June 2025)
27 slides from James Cropper's investor day presentation, Jun 18, 2025
Slide 1: Shaping Tomorrow Today
SHAPING TOMORROW TODAY CAPITAL MARKETS DAY 18 JUNE, 2025
Slide 2: Disclaimer
DISCLAIMER No representation or warranty, expressed or implied, is made or given by or on behalf of James Cropper plc (“James Cropper”, the “Company” or the “Group”) or any of its Directors or any other person as to the accuracy, completeness or fairness of the information contained in this presenta
Slide 3: Where We Stand Today
WHERE WE STAND TODAY DAVID STIRLING, CEO ANDREW GOODY, CFO
Slide 4: James Cropper at a Glance
JAMES CROPPER AT A GLANCE FY24 GLOBAL REVENUE FOUNDED IN GLOBAL WORKFORCE OF OVER SUPPLIES PRODUCTS USED IN OVER COUNTRIES WORLDWIDE
Slide 5: James Cropper plc: Group View
JAMES CROPPER PLC: GROUP VIEW James Cropper PLC operates through two divisions, supported by a central Group function that provides strategic management and governance. The Group’s technology continuum is rooted in fibre expertise, enhanced by specialised capabilities in electrochemistry and colour,
Slide 6: Strategic Positioning: Advanced Materials
STRATEGIC POSITIONING: ADVANCED MATERIALS Advanced Materials is a technical solutions provider, developing and delivering highly specified materials for diverse industrial applications. The company’s strength lies in deep know-how, bespoke fibre manufacturing (with available capacity) and coatings t
Slide 7: Laxfreight, Aerospace Supply Chain Management
7 “The aerospace industry relies on a complex and wide supply chain. It requires reliability, careful planning, and regulatory compliance. Managing the global network of suppliers, components, and materials requires a well-coordinated approach.” — Laxfreight, Aerospace Supply Chain Management
Slide 8: Strategic Positioning: Paper and Packaging
STRATEGIC POSITIONING: PAPER AND PACKAGING Paper & Packaging is a well-established speciality paper supplier with deep expertise in fibre innovation—including recycled blends—and colour. James Cropper utilises mature plant technology which enables a level of flexibility that supports customised prod
Slide 9: Decisions That Defined Us
JAMES CROPPER DECISIONS DEFINED
Slide 10: How We Got Here
HOW WE GOT HERE Group Advanced Materials Paper & Packaging Positive outlook for Advanced Materials growth and Advanced Material is primarily a portfolio of "one The Paper & Packaging is a historied business which Paper recovery focused the Group on investing for solution, one customer" with developm
Slide 11: FY24 Paper Restructure
FY24 PAPER RESTRUCTURE OVERVIEW A paper and packaging strategy and restructuring plan to right-size the business unit and focus on the more profitable customers including specifically luxury packaging. A 15% reduction in headcount delivering costs savings of £2.5m pa OUTCOME A more fragile business
Slide 12: Next Starts Now
NEXT STARTS NOW
Slide 13: Strategic Journey: Outline
STRATEGIC JOURNEY: OUTLINE Similarities in asset intensity and B2B supply-chain structure allow comparison using the same framework. Advanced Material is well-placed operationally to make a technical and commercial journey with asset utilisation upside possible. Paper is operationally immature with
Slide 14: Cross Divisional Synergies Through Technical Platforms
CROSS DIVISIONAL SYNERGIES THROUGH TECHNICAL PLATFORMS The business is underpinned by a set of shared technical platforms that create synergy across divisions, enabling it to serve a diverse range of markets with tailored strategies. • Three peaks of value creation. • Commodity - Market Positioning
Slide 15: Advanced Materials Ecosystem
ADVANCED MATERIALS ECOSYSTEM
Slide 16: Paper & Packaging Ecosystem
PAPER & PACKAGING ECOSYSTEM JAMES CROPPER 16
Slide 17: Advanced Materials Commercial Strategy
ADVANCED MATERIALS COMMERCIAL STRATEGY Growth from a portfolio of opportunities with a balance of predictability from established markets and the transformational potential of nascent ones. Established Markets • These markets offer predictable demand, long term customer relationships, and proven rev
Slide 18: Advanced Materials: Balanced Approach to Growth
ADVANCED MATERIALS BALANCED APPROACH TO GROWTH In Advanced Materials, we are leveraging our strong foundations—technical expertise, bespoke fibre and coating capabilities, and deep customer relationships— ADVANCED MATERIALS MARKET GROWTH to drive a focused growth agenda. Historically reactive, the b
Slide 19: Paper & Packaging Commercial Strategy
PAPER & PACKAGING COMMERCIAL STRATEGY By shifting from a 1 Peak to a 3 Peak Approach, the company is aligning the product strategy to operational capability and asset utilisation needs. • Core: The business today. Flexible, market- responsive products that balance performance and commercial value. →
Slide 20: Paper and Packaging: Organising for Success
PAPER AND PACKAGING ORGANISING FOR SUCCESS In Paper and Packaging, the focus is on operational delivery: quality products good service & speed of response. Blending experienced staff with good operational processes and focusing on value-added to the customer. This will solidify Peak 2 customer base
Slide 21: Key Financials
JAMES CROPPER > a" . 7 ae te a KEY FINANCIALS
Slide 22: Group Performance FY2025
GROUP PERFORMANCE FY2025 Revenue and EBITDA at similar levels to prior year. EBITDA performance has varied considerably across the six-monthly reporting periods with revenue being the main determinant of profitability. Both business units are characterised by high fixed costs and operational gearing
Slide 23: Balance Sheet & Liquidity Backdrop
CAPITAL MARKETS DAY - BALANCE SHEET & LIQUIDITY BACKDROP
Slide 24: Balance Sheet, Liquidity, Capital Allocation Priorities
BALANCE SHEET, LIQUIDITY, CAPITAL ALLOCATION PRIORITIES 1. Maintain capex, working capital and cash management disciplines from FY25. 2. Embed leverage within target range of < 2x EBITDA. 3. Intent to reinstate dividends subject to trading performance and leverage. 4. Support growth funding for Adva
Slide 25: Executive Summary
EXECUTIVE SUMMARY FINANCIAL STABILITY GROWTH PROFITABILITY Debt repayment reprofiled to provide greater financial Balance of established and nascent markets. High Operational effectiveness and cost base to deliver headroom. opportunity/high uncertainty in nascent markets. stability. Intent to reinst
Slide 26: Q&A Thank You for Joining Us
Q&A THANK YOU FOR JOINING US
Slide 27: Thank You for Joining Us
THANK: YOU FOR JOINING. US jb a =