Slide 1: AGM Presentation May 2025
aS FARLANE GROUP AGM May 2025
Slide 2: AGM Presentation
AGM Presentation May 2025
Slide 3: Our Purpose
Our Purpose Macfarlane Group designs, manufactures & distributes protective packaging to customers across the UK/Europe to: …..ensure their ….optimise their …..protect their products are cost …..reduce their packaging to products through the effectively packed, working capital and minimise its suppl
Slide 4: Protecting Products from a Wide Range of Industries
Protecting Products from a Wide Range of Industries Aero spa Medical & Scientific Aerospace ce & Defence & Biotechnology De Aircraft components fen Medical devices ce Ejector seats Scientific equipment … In-flight refueling systems Imaging equipment Electronics General Industrial … ia l Electronic c
Slide 5: Protecting a Diverse Range of Products in Retail
Protecting a Diverse Range of Products in Retail Aero spa The way we look and feel Where ce we live & Health & Beauty Homeware De fen Gym Furniture ce Pharmaceuticals Glassware … Fashion Plants What we eat and drink How we work and play … Snacks Phones ia l s tr Beer/Wine Laptops du In Meal kits Bic
Slide 6: Macfarlane Group Today
Macfarlane Group Today 20,000+ 9 Customers Countries 1,000+ 26,000+ Suppliers SKUs 1,200+ 50,000+ Employees Deliveries per month
Slide 7: Profit Progression & Total Shareholder Return
Profit Progression & Total Shareholder Return Pre-tax profit Basic Earnings per share 22 Last 10.00 Five Years 20 9.00 18 • Sales Growth 8.00 +30% 16 • Profit Growth 7.00 +78% 14 12 • EPS Growth6.00 +61% 5.00 10 • 9 Acquisitions 4.00 8 6 • 1 Disposal3.00 4 • Managed2.00 through Covid 2 1.00 0 0.00
Slide 8: Key Factors in our Success
Key Factors in our Success Focused Breadth of Adding Value Business Model Markets Covered for Customers Longstanding Performance Quality Supplier Driven Culture Acquisitions Partnerships Depth of Strong Investor “Constructive Experience Base Dissatisfaction”
Slide 9: Current Trading Environment
Current Trading Environment
Slide 10: Focus on the Customer
Focus on the Customer In a complex, confusing, fast- changing world, our priority is not to be distracted by the background noise but to focus on our customers and help them to be successful.
Slide 11: Focus on the Customer
Focus on the Customer L n iste nd CUSTOMER R es sta ol v e er U n d e
Slide 12: Market - Key Customer Trends
Market - Key Customer Trends The key themes that concern our customers…..... "Our objective is to remove excess "Legislation will accelerate packaging from the use of right-sized supply chain" "Reduce the total cost packaging and transit to serve and carbon ready packaging" impact of our activities"
Slide 13: Resolving Customer Issues
Resolving Customer Issues The The Supply The Skills The Tools Knowledge Chain
Slide 14: The Skills - World Class Sales Programme
The Skills - World Class Sales Programme Repeatable Sales Process Create industry expertise Organisation is Leading Sales Sell lifetime value aligned to support Teams sales Maximise customer face time Salespeople are enabled to make decisions
Slide 15: The Tools – Packaging Optimiser/Significant Six
The Tools – Packaging Optimiser/Significant Six Only 10% of the total cost of packaging consists of materials and pack design Choose the correct materials and pack design Improve the Increase Reduce Reduce Reduce Reduce speed of customer damage rate logistics cost storage costs administration packin
Slide 16: The Knowledge – the Sustainability Regulatory Environment
The Knowledge –the Sustainability Regulatory Environment Regulation anticipated Future Regulation Existing Regulation within 12 months (2-5 years) Plastic Packaging Tax Corporate Sustainability Packaging and Packaging Reporting Requirements Waste Regulations Extended Producer Responsibility Deforest
Slide 17: The Macfarlane Supply Chain
The Macfarlane Supply Chain Region of Source UK 85% Local service/International Europe 9% reach to give resilience and support growth Asia 5.5% Americas 0.5% Combined relationships with our top 10 suppliers 250 years
Slide 18: Case Study - Childrensalon
Case Study - Childrensalon SOLUTION Reconfigured carton designs… • Delivered a reduction in packing time • Reduced material • Improved security • 100% recycled board and FSC certified THEIR BUSINESS Childrensalon is a luxury childrenswear company offering designer clothing and accessories through it
Slide 19: Summary/Conclusions
Summary/Conclusions The opportunities to continue our success will remain strong We have the team/tools/suppliers/expertise Remain focused on supporting customers The markets we serve are becoming increasingly challenging Macfarlane has a strong record of performance
Slide 20: AGM
aS FARLANE GROUP AGM May 2025
Slide 21: Adopt the Directors' Report and the Accounts for 2024
Resolution 1 Adopt the Directors’ Report and the Accounts for the year ended 31st December 2024 Proxy Votes Lodged For/ Discretion: 91,126,745 Against: 19,027 Vote withheld: 62,204 Being 99.9% in favour 21
Slide 22: Approve Directors' Remuneration Report
Resolution 2 Approve Directors’ Remuneration Report Proxy Votes Lodged For/ Discretion: 90,840,273 Against: 77,440 Vote withheld: 290,263 Being 99.9% in favour 22
Slide 23: Approve Directors' Remuneration Policy
Resolution 3 Approve Directors’ Remuneration Policy Proxy Votes Lodged For/ Discretion: 86,817,460 Against: 4,329,253 Vote withheld: 61,263 Being 95.3% in favour 23
Slide 24: Declare a final dividend of 2.70p per share
Resolution 4 Declare a final dividend of 2.70p per share payable on 13th June 2025 Proxy Votes Lodged For/ Discretion: 91,176,452 Against: 8,853 Vote withheld: 22,671 Being 99.9% in favour 24
Slide 25: Re-elect Aleen Gulvanessian as a director
Resolution 5 Re-elect Aleen Gulvanessian as a director of the Company Proxy Votes Lodged For/ Discretion: 85,431,658 Against: 5,747,073 Vote withheld: 29,245 Being 93.7% in favour 25
Slide 26: Re-elect Peter D. Atkinson as a director
Resolution 6 Re-elect Peter D. Atkinson as a director of the Company Proxy Votes Lodged For/ Discretion: 91,150,404 Against: 28,327 Vote withheld: 29,245 Being 99.9% in favour 26
Slide 27: Re-elect Ivor Gray as a director
Resolution 7 Re-elect Ivor Gray as a director of the Company Proxy Votes Lodged For/ Discretion: 91,152,904 Against: 25,827 Vote withheld: 29,245 Being 99.9% in favour 27
Slide 28: Re-elect James W. F. Baird as a director
Resolution 8 Re-elect James W. F. Baird as a director of the Company Proxy Votes Lodged For/ Discretion: 86,941,021 Against: 4,214,594 Vote withheld: 52,361 Being 95.4% in favour 28
Slide 29: Re-elect Laura Whyte as a director
Resolution 9 Re-elect Laura Whyte as a director of the Company Proxy Votes Lodged For/ Discretion: 87,071,637 Against: 4,107,094 Vote withheld: 29,245 Being 95.6% in favour 29
Slide 30: Elect David Stirling as a director
Resolution 10 Elect David Stirling as a director of the Company Proxy Votes Lodged For/ Discretion: 88,060,906 Against: 3,109,325 Vote withheld: 37,745 Being 96.6% in favour 30
Slide 31: Re-appoint Deloitte LLP as auditors
Resolution 11 Re-appoint Deloitte LLP as auditors Proxy Votes Lodged For/ Discretion: 90,989,187 Against: 93,237 Vote withheld: 125,552 Being 99.9% in favour 31
Slide 32: Authorise directors to determine auditors' remuneration
Resolution 12 Authorise directors to determine the remuneration of the auditors Proxy Votes Lodged For/ Discretion: 91,110,264 Against: 74,660 Vote withheld: 23,052 Being 99.9% in favour 32
Slide 33: Approve the Performance Share Plan
Resolution 13 Approve the Performance Share Plan Proxy Votes Lodged For/ Discretion: 87,711,518 Against: 3,449,760 Vote withheld: 46,698 Being 96.2% in favour 33
Slide 34: Authorise directors to allot shares
Resolution 14 Authorise directors to allot shares Proxy Votes Lodged For/ Discretion: 83,545,691 Against: 7,624,866 Vote withheld: 37,419 Being 91.6% in favour 34
Slide 35: Authorise directors to allot shares (general authority)
Special Resolution 15 Authorise directors to allot shares up to an aggregate nominal amount of £1,995,000 as if Section 561 of the Companies Act did not apply (general authority) Proxy Votes Lodged For/ Discretion: 87,184,024 Against: 3,977,121 Vote withheld: 46,831 Being 95.6% in favour 35
Slide 36: Authorise directors to allot shares (specific authority)
Special Resolution 16 Authorise directors to allot shares up to an aggregate nominal amount of £1,995,000 as if Section 561 of the Companies Act did not apply (specific authority) Proxy Votes Lodged For/ Discretion: 86,674,494 Against: 4,487,871 Vote withheld: 45,611 Being 95.1% in favour 36
Slide 37: Authorise company to re-purchase its own shares
Special Resolution 17 Authorise company to re-purchase its own shares, up to a maximum of 15,960,000 shares (10% of shares outstanding) Proxy Votes Lodged For/ Discretion: 91,090,889 Against: 93,289 Vote withheld: 23,798 Being 99.9% in favour 37
Slide 38: AGM May 2025
aS FARLANE GROUP AGM May 2025