Slide 1: Full Year Results Presentation August 2023
For personal use only FULL YEAR RESULTS PRESENTATION AUGUST 2023 1
Slide 2: Disclaimer
Close the Loop Group Disclaimer The following disclaimer applies to this presentation. You should read this disclaimer carefully before reading or making any other use of this Presenters presentation or any information contained in this presentation. By accepting this presentation, you represent and
Slide 3: Another successful year for CLG
OVERVIEW Close the Loop Group Another successful year for CLG • Achieved results above $135.9m $14.9m guidance across all key metrics For personal use only including 10% beat on EBITDA • Core business continues to REVENUE NPBT achieve strong organic revenue +52% growth rate +113% growth rate growth
Slide 4: Income Statement
INCOME STATEMENT Close the Loop Group Proforma FY23 ($m) FY22 ($m) FY22 / Prospectus ($m) PCP Change ($m) PCP Growth • Margin expansion with GP Margin growing by 3.3% Revenue 135.9 89.2 73.9 46.7 52% to 35% and EBITDA margin For personal use only growing 1.9% to 17.9% Cost of sales (88.3) (60.9) (45
Slide 5: Balance Sheet
BALANCE SHEET Close the Loop Group Assets & Liabilities FY23 ($m) FY22 ($m) Change ($m) • Credit facility with tier Assets one global invest firm Cash and cash equivalents 49.5 10.3 39.2 PGIM Private Capital to For personal use only Trade and other receivables 26.1 21.2 4.9 further fund inorganic In
Slide 6: Cash Flow Statement
CASH FLOW STATEMENT Close the Loop Group Cash Flows FY23 ($m) FY22 ($m) Change ($m) • Cash flow to EBITDA of Cash flows from operating activities 93% highlighting the Receipts from customers 127.2 74.7 52.5 company as a strong, For personal use only Payments to suppliers and employees (106.9) (76.6)
Slide 7: Cash Flow Waterfall
CASH FLOW WATERFALL Close the Loop Group $25.0 $4.4 • EBITDA cash conversion $22.7 rate of 93% for FY23 $0.5 For personal use only $14.8 • Cash conversion rate is $20.0 $0.1 expected to stabilise at -$2.1 circa 75% in future periods • The Group has a history of receiving government $15.0 grants and
Slide 8: Key Reasons to Invest
6 KEY REASONS TO INVEST Close the Loop Group Significant global infrastructure around For personal use only waste collection with over Extensive macro ESG 260,000 collection points True ESG business and regulatory worldwide providing a with clear high value tailwinds driven by strong moat and abilit
Slide 9: Linear vs Circular
LINEAR VS CIRCULAR Close the Loop Group The Traditional Linear Model The Close the Loop Model For personal use only Investor Presentation Global transition as corporates implement real action for ESG requirements 9
Slide 10: Divisions
For personal use only DIVISIONS Up 52% REVENUE $135.9m 10 Investor Presentation Close the Loop Group
Slide 11: Revenue Breakdown
REVENUE BREAKDOWN Close the Loop Group Revenue Category Breakdown FY23 Revenue Regional Breakdown FY23 RSA EU 9% For personal use only 4% Packaging Resource 45% USA AUS Recovery 32% 55% 55% Revenue Category Breakdown FY24 Revenue Regional Breakdown FY24 EU RSA 3% 5% Investor Presentation Packaging A
Slide 12: Strategic Growth & Expansion
STRATEGIC GROWTH & EXPANSION Close the Loop Group Organic Inorganic For personal use only • We create commercial success by doing what • Highly accretive acquisition opportunities others don’t want to do • New technologies to be integrated into • Post consumer waste existing infrastructure • Post in
Slide 13: The Acquisition of the ISP/CTC Business
THE ACQUISITION OF THE ISP/CTC BUSINESS Close the Loop Group • Business Operations Integration of business going well and ahead of schedule For personal use only at the end of August 2023. • Facilities Upgrade Completed capacity upgrade from being able to process 1,500 units to in excess of 2,000 un
Slide 14: Opportunities and Growth for Key Clients
OPPORTUNITIES AND GROWTH FOR KEY CLIENTS Close the Loop Group Successful Partnership between CLG with a Global Leading, Early-Moving IT Company For personal use only They aim to use They aim to reduce They aim to 30% postconsumer their product use eliminate 75% of recycled content GHG emissions sing
Slide 15: CLG Summary
CLG SUMMARY Close the Loop Group For personal use only Proven top-line Well capitalised Proven track At the forefront of a growth, operating for future organic record of sourcing multi-generational leverage and cash and inorganic and integrating thematic flow generation growth acquisitions Investor
Slide 16: For personal use only
For personal use only 16 Investor Presentation Close the Loop Group