Slide 1: Final results 2023
FINAL freSULtS 207 ROBINSON
Slide 2: Disclaimer
Disclaimer ‘The information contained in these slides and any accompanying verbal presentation as well as any question and answer sessions (together, the "Presentation") have not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 ("FSMA"). Relianc
Slide 3: About us
About us * Injection and blow moulded plastic packaging and rigid paperboard luxury packaging * Products and services within the food and drink, homecare, beauty and personal care and luxury gift sectors * Geographical presence maximising commercial logistical reach to our customers * Headquartered
Slide 4: Market drivers and opportunities
Market Orivers and opportunities Growth markets Customer relationships For food and consumer product benefits in hygiene, safety, Increase share of wallet with existing customers protection, durability and convenience: Growth with new customers of similar profile and needs * Food & Drink Shouucase o
Slide 5: Developing our strategy
Developing our strategy Growing ahead of the market by providing excellent customer service as a long-term strategic partner while creating a people-centric business aligned with our purpose Sustainability is at the core as we transition to decarbonisation and a circular economy Our strategic priori
Slide 6: Guiding our sustainability journey
Guiding our sustainability journey ROBINSON Going above and beyond for people and planet _ reg "9 sustainable products 20 Intelligence nic Source: Company financial reports
Slide 7: Summary
Summary Improved adjusted operating profits, achieved surplus property sales, and return of the pension escrow account funds to reduce debt Financial highlights Operating profit before amortisation and exceptional costs increased to £2.2m (2022: £2.0m) Revenues down 2% to £49.7m - sales volumes down
Slide 8: Operating highlights
Operating highlights Implemented restructuring program in June resulting in exceptional costs of c£0.4m and annual savings of c£0.7m, of which £0.4m benefited 2023 Paperbox operations and Group head office impacted by flooding in October - less than 5% of revenue affected Net capex of £4.0m largely
Slide 9: Pension fund
Pension fund Defined benefit pension plan Buy-in contract signed 6 Dec 2022 Data cleanse exercise completed and administration of payroll functions handed over to L&G from 1 August 2023 Escrow funds returned to the Company on 14 August 2023, improving net debt by £3.3m IAS 19 surplus at 31 December
Slide 10: Surplus property
Surplus property Increase cash reserves for reinvestment Surplus properties * Book value £2.8m at 31 December 2023 * Market value £7.4m (valued by Innes England as at November 2022) * Current gross rental income £0.3m per annum * Exchanged contracts to sell c1.3 acres of Walton Works for £1.5m in Au
Slide 11: Financials
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Slide 12: Income statement
Income statement £'000 2023 2022 % change Revenue 49,670 50,529 -1.7% Gross profit 9,631 8,764 +9.9% Gross profit % 19.4% 17.3% +210b6ps Operating costs (7,420) (6,731) +10.2% Adjusted operating profit 2,211 2,033 +8.7% Adjusted operating profit % 4.5% 4.0% Exceptional items (1,116) 1,714 Amortisati
Slide 13: Balance sheet
Balance sheet £'000 2023 2022 2023 2022! Non-current assets Intangible assets 3,548 4,494 Property, plant and equipment 23,920 22,960 oe overdrafts 3,576 5,097 Deferred tax assets 508 _1,294 Bank and other loans (5,700) (8,641) 27,976 28,748 Lease liabilities (Plant & Machinery) __(4177)__(5,637) Cu
Slide 14: Cashflow
Cashflow £000 2023 2022 Operating cash flow before working capital 4,687 4,932 Cash generated from operations 5,038 7,578 Cash generated from operating activities 4,002 6,769 Net cash used in investing activities (3,268) (4,270) Net cash used in financing activities (2,360) (3,234) Net change in cas
Slide 15: Outlook
Outlook 15 Committed in the medium term to delivering above-market profitable growth and 6-8% adjusted operating profit margin Close partnerships with customers have led to significantly improved sales pipeline Continue to build on improved momentum seen in second half of 2023 and effect of new cust
Slide 16: Appendices
Aooendices
Slide 17: Introductions
Introductions 17 Sara Halton - Interim CEO Sara has held key senior executive positions at well-known British brands, including CEO of Molton Brown. She brings a wealth of experience in driving strategic growth for global brands. Sara is a Chartered Accountant having gained an MSc in Economics and E
Slide 18: External landscape
External landscape Environmental Plastics use and waste, pollution, food waste, sustainability energy, carbon emissions. Role of packaging and attitudes to waste. Rise in ecommerce. Increase in food safety and hygiene demands. Economic Significant price inflation and outlook cost-of-living crisis. V
Slide 19: Creating value
Creating value (Our business model Our long-term impact OCEnvironmental *estionshies Custer Creating inclusive 7S y 1) mers A pan Protection and ctfeertition ND equitable sustainability © thriving \_$ (@) SK Guc people and expercive Sete |e Paresuemsua Geople : ; cop to helo rm crxomprcaere Smploume
Slide 20: Together since 1839