Slide 1: 123rd Annual General Meeting
123rd Annual General Meeting 10th May 2022
Slide 2: CEO Presentation - Annual General Meeting
CEO Presentation - Annual General Meeting 10th May 2022
Slide 3: Agenda
Agenda • Managing the impact of Covid • Trading through Covid • Key Strategic Priorities
Slide 4: Covid
Covid • Difficult to predict • A totally new and challenging experience • A major test for any business • A test that Macfarlane passed
Slide 5: Managing the Impact of Covid
Managing the Impact of Covid • Regular Communication • Regular Communication • Ensuring Staff Safety • Payments up to date • Managing Remote Working • Ensuring Supplies • Supporting Front Line Staff • Escalation where Needed • Implementing Furlough Programme • Landlord Support • Care and Well-being
Slide 6: Covid Metrics
Covid Metrics Staff WFH – 368 Staff on Furlough - Government Support Staff on Site - 543 410 £1.4m* Investment in IT Investment in H&S £360k £250k *Fully repaid in Q3 2020
Slide 7: Covid – Demonstrating our Resilience
Covid – Demonstrating our Resilience Clear Covid Plan Learning at Speed People Suppliers Customers Covid team established Decisions were made Quality and Longstanding supplier Breadth and depth of that gave focus to all quickly and we learned commitment of our relationships ensured our customer base
Slide 8: Profit Progression
Profit Progression Profit £m EPS Pre-tax profit Basic Earnings per share 18 8.00 16 7.00 14 6.00 12 5.00 10 4.00 8 3.00 6 4 2.00 2 1.00 0 0.00 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 8
Slide 9: Trading Through Covid
Trading Through Covid The management of The acquisition of Carters The sale of Macfarlane major price inflation on Transitioning to new CFO and GWP Labels all products The investment in new software – The re-organisation of The investment in new Dynamics Macfarlane Design and sales tools WMS Manufac
Slide 10: Macfarlane Group - Strategic Priorities
Macfarlane Group - Strategic Priorities Customer Value Sourcing Environmentally friendly protective Reduce total cost of packaging packaging products Reduce carbon footprint Manufacturing partnerships UK/European coverage Resilient supply chains Customer Engagement Warehousing Proactive and needs dr
Slide 11: Confidence in Macfarlane’s Future
Confidence in Macfarlane’s Future A successful track record of Plans in place to deliver profit growth and returns to future growth both in the UK shareholders and Europe Focus on understanding Investment in people and customer needs to offer processes to ensure effective compelling solutions to exe
Slide 12: Resilience of our Business Model
Resilience of our Business Model Breadth of customers Bespoke product and Value added and markets served service range proposition…. Range of long Focus and depth of expertise in protective Performance driven established supplier packaging culture relationships
Slide 13: 123rd Annual General Meeting
123rd Annual General Meeting 10th May 2022
Slide 14: Resolution 1 Adopt the Directors’ Report and the Accounts
Resolution 1 Adopt the Directors’ Report and the Accounts for the year ended 31st December 2021 Proxy Votes Lodged For/ Discretion: 91,164,845 Against: 0 Vote withheld: 995 Being 100% in favour 14
Slide 15: Resolution 2 Approve Directors’ Remuneration Report
Resolution 2 Approve Directors’ Remuneration Report Proxy Votes Lodged For/ Discretion: 88,355,213 Against: 2,772,881 Vote withheld: 37,746 Being 96.96% in favour 15
Slide 16: Resolution 3 Approve Directors’ Remuneration Policy
Resolution 3 Approve Directors’ Remuneration Policy Proxy Votes Lodged For/ Discretion: 88,218,747 Against: 2,903,465 Vote withheld: 43,628 Being 96.81% in favour 16
Slide 17: Resolution 4 Approve Deferred Bonus Policy
Resolution 4 Approve Deferred Bonus Policy Proxy Votes Lodged For/ Discretion: 91,058,369 Against: 86,461 Vote withheld: 21,010 Being 99.91% in favour 17
Slide 18: Resolution 5 Declare a final dividend
Resolution 5 Declare a final dividend of 2.33p per share payable on 1st June 2022 Proxy Votes Lodged For/ Discretion: 91,162,764 Against: 3,076 Vote withheld: 0 Being 100% in favour 18
Slide 19: Resolution 6 Re-elect Stuart R. Paterson
Resolution 6 Re-elect Stuart R. Paterson as a director of the Company Proxy Votes Lodged For/ Discretion: 89,981,843 Against: 1,180,997 Vote withheld: 3,000 Being 98.70% in favour 19
Slide 20: Resolution 7 Re-elect Peter D. Atkinson
Resolution 7 Re-elect Peter D. Atkinson as a director of the Company Proxy Votes Lodged For/ Discretion: 91,148,705 Against: 17,135 Vote withheld: 0 Being 99.98% in favour 20
Slide 21: Resolution 8 Re-elect Ivor Gray
Resolution 8 Re-elect Ivor Gray as a director of the Company Proxy Votes Lodged For/ Discretion: 91,148,705 Against: 17,135 Vote withheld: 0 Being 99.98% in favour 21
Slide 22: Resolution 9 Re-elect Robert McLellan
Resolution 9 Re-elect Robert McLellan as a director of the Company Proxy Votes Lodged For/ Discretion: 90,617,653 Against: 545,687 Vote withheld: 2,500 Being 99.40% in favour 22
Slide 23: Resolution 10 Re-elect James W. F. Baird
Resolution 10 Re-elect James W. F. Baird as a director of the Company Proxy Votes Lodged For/ Discretion: 90,673,185 Against: 490,155 Vote withheld: 2,500 Being 99.46% in favour 23
Slide 24: Resolution 11 Elect Aleen Gulvanessian
Resolution 11 Elect Aleen Gulvanessian as a director of the Company Proxy Votes Lodged For/ Discretion: 91,111,193 Against: 49,147 Vote withheld: 5,500 Being 99.95% in favour 24
Slide 25: Resolution 12 Re-appoint Deloitte LLP as auditors
Resolution 12 Re-appoint Deloitte LLP as auditors Proxy Votes Lodged For/ Discretion: 91,144,956 Against: 18,595 Vote withheld: 2,289 Being 99.98% in favour 25
Slide 26: Resolution 13 Authorise directors to determine auditors’ remuneration
Resolution 13 Authorise directors to determine the remuneration of the auditors Proxy Votes Lodged For/ Discretion: 91,120,066 Against: 40,026 Vote withheld: 5,748 Being 99.96% in favour 26
Slide 27: Resolution 14 Authorise directors to allot shares
Resolution 14 Authorise directors to allot shares Proxy Votes Lodged For/ Discretion: 90,992,159 Against: 168,506 Vote withheld: 5,175 Being 99.82% in favour 27
Slide 28: Special Resolution 15 Authorise directors to allot shares (general authority)
Special Resolution 15 Authorise directors to allot shares up to an aggregate nominal amount of £1,972,650 as if Section 561 of the Companies Act did not apply (general authority) Proxy Votes Lodged For/ Discretion: 90,440,965 Against: 716,480 Vote withheld: 8,395 Being 99.21% in favour 28
Slide 29: Special Resolution 16 Authorise directors to allot shares (specific authority)
Special Resolution 16 Authorise directors to allot shares up to an aggregate nominal amount of £1,972,650 as if Section 561 of the Companies Act did not apply (specific authority) Proxy Votes Lodged For/ Discretion: 90,460,965 Against: 696,480 Vote withheld: 8,395 Being 99.24% in favour 29
Slide 30: 123rd Annual General Meeting
123rd Annual General Meeting 10th May 2022