Slide 1: Orora Limited (ORA) – Investor Day (France)
17 April 2024 ASX Market Announcements Office Australian Securities Exchange 20 Bridge Street Sydney NSW 2000 Orora Limited (ORA) – Investor Day (France) The following document is attached: • Orora Investor Day Presentation 17 - 18 April 2024. Yours faithfully Ann Stubbings Company Secretary This an
Slide 2: Investor Day
Investor Day 17 - 18 April 2024 "Well-positioned for sustainable growth"
Slide 3: Important information
Important information The information in this presentation is intended to be general background information on Orora Ltd (Orora) and its subsidiaries (Orora Group) and its activities. The information is supplied in summary form and is therefore not necessarily complete, and to the extent permitted b
Slide 4: Welcome
Welcome Chris Vagg General Manager, Investor Relations
Slide 5: Agenda – Day One
Agenda Day One 17 April 2024 10.00 am Arrival, registration and morning tea 2.15 pm Orora Cans Presenter: Chris Smith 10.30 am Welcome 3.00 pm Conclusion Presenter: Chris Vagg Presenter: Brian Lowe 10.35 am Group Overview 3.15 pm Break & preparation for Plant Tour Presenter: Brian Lowe 11.00 am Shar
Slide 6: Agenda – Day Two
Agenda Day Two 18 April 2024 8.00 am Travel to Arques Plant 11.00 am Preparation for Plant Tour 11.15 am Arques Plant Tour 1.00 pm Lunch at Arques 2.30 pm Bus departs for Airport
Slide 7: Today’s presenters
Today’s presenters Brian Shaun Jean Marc Kelly Chris Lowe Hughes Arrambourg Barlow Smith Managing Director & Chief Financial Officer President, President, Orora Executive General Chief Executive Officer Saverglass Packaging Solutions Manager, Cans
Slide 8: Group Overview
1 Group Overview Brian Lowe Managing Director & Chief Executive Officer
Slide 9: Trading update
1) Group Overview Trading update Orora provided revised FY24 guidance to the market in April 2024 Group • At a Group level, excluding the earnings contribution from Saverglass for the seven months in FY241, EBIT is now expected to be slightly lower versus FY23. The revised Group EBIT, excluding Save
Slide 10: Orora at a glance
1) Group Overview Orora at a glance Orora Packaging Solutions (OPS) Global Beverage Glass Manufacturing Glass Decoration We are manufacturers, Cans Manufacturing decorators and distributors Closures Manufacturing of tailored packaging products to customers all around the world Specialty Distribution
Slide 11: Our businesses
1) Group Overview Our businesses Each of our business units hold leadership positions in attractive markets PF FY23 Revenues1 $5,526m PF FY23 EBITDA1,2 / margin $749m / 13.5% PF FY23 EBIT1,2,3 / margin $487m / 8.8% Global Beverage Orora Packaging Solutions Revenue1 EBITDA1,2 EBIT1,2,3 Revenue EBITDA
Slide 12: Our identity
1) Group Overview Our identity Harnessing One Orora to be a leading sustainable packaging solutions provider 11
Slide 13: Our investment proposition
1) Group Overview Our investment proposition Orora provides investors with a robust and defensive earnings profile core in Australasia, and attractive growth profile in North America and Europe Leadership positions Robust and Well invested assets Long-term customer in attractive diversified business
Slide 14: Saverglass acquisition
1) Group Overview Saverglass acquisition Saverglass enhances Orora’s business model and presents compelling growth opportunities. This is clearly demonstrated through Saverglass’ alignment with our investment proposition framework Leadership Robust and Well invested Long-term Disciplined Strong Expe
Slide 15: Saverglass acquisition
1) Group Overview Saverglass acquisition Through the acquisition, we will benefit from significant diversification by geography, substrate and end-markets Orora (30 June 2023) Orora (post-Acquisition) FY23A Underlying EBIT A$321m Pro forma FY23 Underlying EBIT A$487m(1) Product OPS 34% Global Bevera
Slide 16: Saverglass acquisition
1) Group Overview Saverglass acquisition Orora is a compelling and logical partner for Saverglass Orora and Saverglass will Creates a unique Networking mutually benefit from their global footprint Gawler highly complementary Orora provides Saverglass Gawler’s value proposition operations across prod
Slide 17: Our strategic pillars
1) Group Overview Our strategic pillars Each business unit has a clear set of strategic priorities aligned to our strategic pillars. Collectively these position Orora to deliver Shareholders with consistent, above-market, long-term growth Enter new segments – Enhance and Expand – mid‐term targets ev
Slide 18: Our business units’ near-term growth priorities
1) Group Overview Our business units’ near-term growth priorities Orora’s businesses offer investors exposure to multiple attractive growth pathways Global Beverage OPS Value Glass Cans Proposition Leading manufacturer and decorator Leading manufacturer and Leading provider of custom and of value-ad
Slide 19: Safety & Sustainability
Safety & Sustainability Brian Lowe Managing Director & Chief Executive Officer
Slide 20: Our progress on safety
1) Group Overview Our progress on safety Safety Performance Update on our approach to improving safety • Significant progress made in the past 6-12 months, with RCFR and LTIFR significantly decreasing in 1H24, with the number of recordable case and lost time injuries declining by >50% versus 1H23 9.
Slide 21: Our progress on sustainability
1) Group Overview Our progress on sustainability We are making good progress with our sustainability goals and commitments Circular Economy Climate Change Community • Orora’s use of recycled Glass content Orora is on track towards our 2035 40% Progressing initiatives that benefit our teams (cullet)
Slide 22: Shareholder Value Blueprint
2 Shareholder Value Blueprint Shaun Hughes Chief Financial Officer
Slide 23: Shareholder value blueprint
2) Shareholder Value Blueprint Shareholder value blueprint Orora applies a returns-focussed, risk-weighted approach to investment and capital management decisions TSR COMPONENT ORGANIC GROWTH RETURNS-FOCUSED INVESTMENT CAPITAL MANAGEMENT STRATEGIC Enhance and Enter new Disciplined approach to capita
Slide 24: Our attractive and diversified growth exposures
2) Shareholder Value Blueprint Our attractive and diversified growth exposures Orora has diverse exposure to growing end-markets, resulting in an attractive defensive growth profile Global Beverage Orora Packaging Solutions (OPS) Specialty Distribution Cans Segment % breakdown6 Forecast Market CAGR5
Slide 25: Balanced and disciplined approach to capital allocation
2) Shareholder Value Blueprint Balanced and disciplined approach to capital allocation Orora applies a returns-focussed, risk-weighted approach to investment and capital management decisions Capital allocation breakdown (since FY15) Capex & Shareholder returns 33% other 27% Operating Ordinary divide
Slide 26: Group capex profile
2) Shareholder Value Blueprint Group capex profile To support strong end-market customer demand, Orora is investing in base and growth capex Australasia Capex PF Base capex ($m)1,2 figures include G3 PF Growth capex ($m)1,2 rebuild spend in Continuing operations 2H24 of ~$30m Continuing operations 9
Slide 27: Committed to investment grade credit profile
2) Shareholder Value Blueprint Committed to investment grade credit profile Balance sheet provides appropriate liquidity and debt facilities to support ongoing growth investments Group net debt and leverage1 ($m) Debt maturity profile ($m) As at 31 December 2023 2,000 2.6x 3.0x 676 2.0x 2.5x 628 1,5
Slide 28: Prudent management of interest rate risk
2) Shareholder Value Blueprint Prudent management of interest rate risk Proportion of fixed rate debt (including swaps) is at least 50% throughout FY25 1H24 to 2H24 forecast interest expense bridge ($m) FY25 forecast interest expense breakdown ($m) 1H24 Adjustment for Additional 5 RoU interest (full
Slide 29: Saverglass
3 Saverglass Jean Marc Arrambourg President, Saverglass
Slide 30: Introduction
3) Saverglass Introduction Saverglass is a global leader in the design, manufacturing, customisation and decoration of high-end glass bottles for the premium and ultra-premium spirit and wine markets • Longstanding legacy of excellence in • Global commercial reach that addresses glass making, reachi
Slide 31: Current trading conditions
3) Saverglass Current trading conditions In the current softer trading environment, we have re-set our manufacturing capacity and lowered operating costs Market conditions Key actions taken End-market demand • Curtailment of production • Underlying consumer demand remains mixed across key end-market
Slide 32: Premium market positioning
3) Saverglass Premium market positioning Saverglass specialises in providing innovative design and decoration solutions to market leading and emerging players in the premium and ultra-premium spirit and wine sectors, significantly enhancing Orora’s existing glass capabilities Our primary focus Marke
Slide 33: Leading end-to-end design and decoration capabilities
3) Saverglass Leading end-to-end design and decoration capabilities Saverglass is core to the creation and ongoing appeal of its customers’ brands – creating exclusive, personalised, high-quality products that stand out in a highly competitive market Enamel & Embossing Precious metal decoration scre
Slide 34: Proprietary bottles provide high quality at speed
3) Saverglass Proprietary bottles provide high quality at speed Our catalogue of 200+ proprietary bottles (MDDS) allow customers to access pre-designed bottles quickly - providing them speed to market without compromising on quality The MDDS collection gives us…. 20-25% of annual sales volume1 An ev
Slide 35: Global production network
3) Saverglass Global production network Saverglass, combined with Gawler, creates a network of strategically located manufacturing operations in close proximity to key production regions and customers, able to service their needs worldwide Saverglass sells products to customers in 100+ countries whi
Slide 36: Our investment proposition
3) Saverglass Our investment proposition The newly created global glass business is expected to be a key value generator, and a third platform for growth for the combined group Leadership Robust and Well invested Long-term Disciplined Strong Experienced Favourably positions in diversified assets and
Slide 37: Unrivalled capability in the glass market
3) Saverglass Unrivalled capability in the glass market Saverglass is uniquely positioned, relative to its competitors, as a leading, global specialist supplier of premium+ spirits and wine bottles Competitive landscape Global coverage Regional coverage Global coverage Global coverage Industrial Eur
Slide 38: Positioned in the most attractive glass categories
3) Saverglass Positioned in the most attractive glass categories Saverglass' core markets have strong longer term growth prospects, enhancing Orora’s underlying organic growth outlook Premium spirits and wine categories expected to continue to exhibit accelerated growth… (Global volume growth, Forec
Slide 39: (a) Strong premiumisation trends
3) Saverglass Robust and diversified business model (a) Strong premiumisation trends Consumers are increasingly seeking premium experiences and our customers are intently focused on expanding their premium portfolios Some recent quotes Some recent headlines Ongoing momentum Premium+5 Share of Spirit
Slide 40: (b) Ongoing proliferation of new and craft brands
3) Saverglass (b) Ongoing proliferation of new and craft brands Continued strong demand for premium+ spirits has driven ongoing growth in brand establishment, underpinning increasing need for custom bottle designs Number of Brands by Spirit category in premium+ 2016-2022 Brand Number 2,208 CAGR 2016
Slide 41: (c) Resilient through-the-cycle category performance
3) Saverglass Robust and diversified business model (c) Resilient through-the-cycle category performance The premium+ alcohol market is resilient, demonstrating growth through cycles. Super-premium positioning provides added protection from customer price pressure through favourable product-to-pack
Slide 42: Proximity to premium brand-owners with global reach
3) Saverglass Robust and diversified business model Proximity to premium brand-owners with global reach Saverglass’ European footprint serves as a gateway to high-growth markets. Glass demand from beverage companies in France and Europe are driven by end-market dynamics in larger, higher growth mark
Slide 43: A highly diversified business model
3) Saverglass Robust and diversified business model A highly diversified business model Saverglass’ global industrial footprint, extensive design capabilities and broad customer base offers strong operating and financial resilience across numerous dimensions 42 Source: IWSR, management estimates - D
Slide 44: Well-invested, optimised industrial footprint
3) Saverglass Well-invested assets and defensive growth profile Well-invested, optimised industrial footprint Over the past 20 years, Saverglass has scaled its business globally with significant investment in state-of-the-art facilities – which is now supplemented by the world class, and well-invest
Slide 45: Global coverage with installed capacity to support growth
3) Saverglass Well-invested assets and defensive growth profile Global coverage with installed capacity to support growth Our global network comprises manufacturing and decoration facilities located near customers in key exclusive bottling regions, and provides us with capacity to support growth in
Slide 46: A critical partner for our customers’ brand propositions
3) Saverglass Long-term customer trading relationships A critical partner for our customers’ brand propositions Saverglass is recognised as the preferred partner for established and emerging brands in premium spirits and wine, with their success intrinsically linked to Saverglass' unique designs Ear
Slide 47: Longstanding customer relationships
3) Saverglass Long-term customer trading relationships Longstanding customer relationships Saverglass is the trusted partner to many successful alcohol companies globally – serving as a fundamental contributor to the creation and execution of some of the most recognisable brands on the market1 Flavo
Slide 48: Extensive and long client relationships – case studies
3) Saverglass Long-term customer trading relationships Extensive and long client relationships – case studies Beyond innovation and execution, client specific designs supported by proprietary technology, further enhances client stickiness Challenge Establishing the presence of Grey Goose in the Chal
Slide 49: Diversified spirits portfolio with growth upside
Strong financial track record and growth profile 3) Saverglass Diversified spirits portfolio with growth upside Saverglass has strong exposure to higher growth segments of the market, particularly in Premium+ spirit segments such as Tequila that are forecast to materially outperform the market % Spi
Slide 50: Track record of outperformance
Strong financial track record and growth profile 3) Saverglass Track record of outperformance The Saverglass team has a demonstrated ability to strategically target niche premium segments of the market and disproportionately win business within those segments Saverglass relative sales performance (2
Slide 51: Tangible benefits from a unique global footprint
Strong financial track record and growth profile 3) Saverglass Tangible benefits from a unique global footprint Orora and Saverglass' complementary footprint creates a global glass player with tangible benefits and value creation opportunities in the combined group Unique global glass footprint at s
Slide 52: Highly capable management team
3) Saverglass Experienced and stable management team Highly capable management team Saverglass is led by a highly experienced management team, with 15+ years average tenor managing a global network of glass manufacturing sites Jean Marc Arrambourg Eric Barthelemy Franck Collet Nicolas Nauwynck Thier
Slide 53: Continuing investment in our most valuable asset – our people
3) Saverglass Experienced and stable management team Continuing investment in our most valuable asset – our people The Saverglass Glass & Decoration School plays a critical role in training and up-skilling our team History Established in 1999 Decoration School added in 2017 Awarded Qualiopi certific
Slide 54: Roadmap to a sustainable future
3) Saverglass Favourably positioned in sustainability Roadmap to a sustainable future Saverglass has demonstrated a continued commitment to sustainable development and is delivering on its decarbonisation strategy TARGETS Carbon neutral 50% Decrease 70% CULLET RATE by 2050 in GHG emissions from its
Slide 55: An ambitious but achievable carbon trajectory
3) Saverglass Favourably positioned in sustainability An ambitious but achievable carbon trajectory Created in 2020, our decarbonisation plan aims to reduce the emissivity of our industrial process. We plan to reduce scope 1 and 2 emissions by 50% by 20351, and scope 3 emissions by 32%1 -50% SAVERGL
Slide 56: Concluding remarks
3) Saverglass Concluding remarks • With Saverglass at its core, • With a strategic global network Orora’s Global Glass business is a of well-invested assets, the global leader business has a strong runway of growth with relatively • Uniquely positioned to capitalise limited additional growth on ongo
Slide 57: Q&A – Saverglass
Q&A – Saverglass Jean Marc Arrambourg and Brian Lowe
Slide 58: Orora Packaging Solutions (OPS)
4 Orora Packaging Solutions (OPS) Kelly Barlow President, Orora Packaging Solutions
Slide 59: Introduction
4) Orora Packaging Solutions Introduction Orora Packaging Solutions is a leading specialised packaging provider in North America with value-added operations across specialty distribution, custom manufacturing, and visual graphics and displays. From concept to consumer, we offer our customers a compe
Slide 60: Current trading conditions
4) Orora Packaging Solutions Current trading conditions OPS is navigating subdued customer demand, proactively managing cost and driving operating efficiencies Market conditions Key actions taken End-market dynamics • Embedded pricing disciplines • Mixed macroeconomic environment – strength in servi
Slide 61: Orora Packaging Solutions at a glance
4) Orora Packaging Solutions Orora Packaging Solutions at a glance OPS specialises in custom packaging solutions with an emphasis on design, service, and sustainability Products Printed corrugated 66 3,500 Capabilities and technologies Locations Employees1 Cushioning and inserts Custom packaging sol
Slide 62: OPS’ approach to the market
4) Orora Packaging Solutions OPS’ approach to the market Orora Packaging Solutions $3.3bn Revenue1 | $167m EBIT1 | 66 Locations | 3,500 Employees2 Specialty Distribution Custom Manufacturing Visual Graphics and Displays Value End-to-end solutions in packaging with Supplying corrugated sheets primari
Slide 63: Our investment proposition
4) Orora Packaging Solutions Our investment proposition OPS is uniquely positioned in North America to continue to be a packaging leader and produce strong operation results Leadership Robust and Well invested Long-term Disciplined Strong Experienced Favourably positions in diversified assets and cu
Slide 64: North American packaging consumption
4) Orora Packaging Solutions Robust and diversified business model North American packaging consumption The North American packaging market is significant (~US$275 billion); OPS is well-positioned to cater to continuing consumer demand across key substrates End Market Size (USD bn) / Substrate Marke
Slide 65: Product and service suite
4) Orora Packaging Solutions Robust and diversified business model Product and service suite Managing Corrugated suppliers manufacturing Agile Printing & sourcing converting OPS anchors on custom solutions and a relentless focus on service and quality Equipment & automation Orora Graphic design acro
Slide 66: End-to-end capabilities
4) Orora Packaging Solutions Robust and diversified business model End-to-end capabilities As a customer-focused solutions provider, OPS delivers our customers’ packaging & displays from concept to market 1 2 3 4 5 6 7 8 9 Design & Rapid Testing Corrugated Automation & Essential On-demand Retail Rea
Slide 67: Expansive operating footprint
4) Orora Packaging Solutions Robust and diversified business model Well-invested assets and defensive growth profile Expansive operating footprint OPS’ model provides local service with the benefits of a national provider Cost leadership with top suppliers Leverage of optimised network Scalability w
Slide 68: An integral link in the packaging supply chain
4) Orora Packaging Solutions Robust and diversified business model An integral link in the packaging supply chain OPS plays a crucial role in the packaging ecosystem, connecting large scale providers with small-to-medium- sized customers – providing value to both in the process Value delivered to ou
Slide 69: Leveraging expertise to overcome customer challenges
4) Orora Packaging Solutions Robust and diversified business model Leveraging expertise to overcome customer challenges As a design-led, customer focused partner, OPS plays an important role in our customers’ packaging challenges Supply Financial Other Chain Customer • Lack of expertise in packaging
Slide 70: Design capabilities that set us apart
4) Orora Packaging Solutions Robust and diversified business model Design capabilities that set us apart Our in-house design team approaches customers’ packaging challenges with a consultative outlook Understand Scope of OPS design customer solutions team and tools packaging goals & requirements Gra
Slide 71: Creating long-term customer value
4) Orora Packaging Solutions Robust and diversified business model Long-term customer trading relationships Creating long-term customer value OPS’ distribution model adjusts and scales with customers throughout their life cycle, driving total cost of ownership benefits Small to Medium Sized Customer
Slide 72: Powering enduring partnerships through innovation and collaboration
4) Orora Packaging Solutions Robust and diversified business model Long-term customer trading relationships Powering enduring partnerships through innovation and collaboration Solution case study Determined customer’s pain points Expanded our offering and grew the Weekender corrugated displays were
Slide 73: Investing in our long-term growth
4) Orora Packaging Solutions Well-invested assets and defensive growth profile Investing in our long-term growth We have identified areas that we are actively investing in to propel growth 1 2 3 4 Create Digital Institute In-house Initiative Bolster Mexico Expand Marketing & Sales Sustainability Pre
Slide 74: Amplify Mexico resources
4) Orora Packaging Solutions Well-invested assets and defensive growth profile 1 Amplify Mexico resources Growth acceleration in Mexico fueled by increased footprint and capabilities Tijuana Mexicali Nogales Ciudad Juarez Consolidated three Tijuana facilities into a larger, state-of-the-art Chihuahu
Slide 75: Investing in new OPS sales representatives
4) Orora Packaging Solutions Well-invested assets and defensive growth profile 2 Investing in new OPS sales representatives OPS develops prospective sales representatives with our intensive program Onboarding 2 years average training and development for a salesperson Graduation Post-Graduation Enhan
Slide 76: Digitisation for growth
4) Orora Packaging Solutions Well-invested assets and defensive growth profile 3 Digitisation for growth With additional capabilities in growth marketing and tools across the platform, we can source qualified leads and more effectively manage accounts Growth Marketing Digital Tools Lead Generation E
Slide 77: Leading the transition to a more sustainably packaged future
4) Orora Packaging Solutions Favourably positioned in sustainability 4 Leading the transition to a more sustainably packaged future Institute In-house Sustainability Capabilities ISTA Immersive Testing Packaging Education Life Cycle Innovative & Carbon Substrate Footprint Selection Assessments Susta
Slide 78: Asset-light business model optimised for profitable growth
Strong financial track record and growth profile 4) Orora Packaging Solutions Asset-light business model optimised for profitable growth OPS business improvement initiatives have enabled EBIT margin expansion SAP Implementation & COVID Business improvement initiatives 6.00% 5.00% EBIT margin (%) 4.0
Slide 79: Well-positioned for sustainable growth
Strong financial track record and growth profile 4) Orora Packaging Solutions Well-positioned for sustainable growth OPS has heavily invested in the foundation of our model, and we continue to make enhancements to deliver results within the platform Enter new segments – Enhance and expand – mid‐term
Slide 80: Highly capable management team
4) Orora Packaging Solutions Experienced and stable management team Highly capable management team OPS management and sales leadership is highly effective and well tenured, with 16+ years average with Orora Jim Blee Chris Bradley Erica Chapman Colleen Connelly Kelly Barlow Coleen Bentley Vice Presid
Slide 81: Concluding remarks
4) Orora Packaging Solutions Concluding remarks We win with customers and suppliers with our solutions-based approach Agile asset-light model supports strong cashflow Positioned well for key areas of packaging growth given diversified end-markets and substrates Investing today in the technology and
Slide 82: Q&A – OPS
Q&A – OPS Kelly Barlow and Brian Lowe
Slide 83: Orora Cans
5 Orora Cans Chris Smith Executive General Manager, Cans
Slide 84: Influence purchase with decorated packaging
Our mission: Influence purchase with decorated packaging Decorated primary packaging plays a key role with brands, shoppers and consumers: Communicates brand identity Conveys product attributes and information Size and shape compliment the occasion Creates a memorable first impression Tangible repre
Slide 85: Orora Cans at a glance
5) Orora Cans Orora Cans at a glance Key markets Capabilities and technologies • Carbonated soft drink • Diverse range of metal packaging formats for beverages • Beer including classic, slims and sleek cans • Energy drinks • Leading decoration capability (Decoration Centre of Excellence) • Kombucha
Slide 86: Our investment proposition
5) Orora Cans Our investment proposition Orora Cans is well positioned to continue sustainable growth through our strong customer focus, unique capabilities and comprehensive manufacturing footprint Leadership Robust and Well invested Long-term Disciplined Strong Experienced Favourably positions in
Slide 87: Substrate shift in the beverage market
5) Orora Cans Robust and diversified business model Substrate shift in the beverage market The beverage market is experiencing substrate shift that benefits the cans business, both in terms of movements from other substrates into cans and also from shifts between classic and multi-size formats Subst
Slide 88: Beverage cans is a large and growing category
5) Orora Cans Robust and diversified business model Beverage cans is a large and growing category Beverage categories are set to experience continued growth in coming years, with cans expected to enjoy disproportionate growth across a number of categories Segment Category % in Can1 Primary Format Se
Slide 89: A differentiated customer value proposition
5) Orora Cans Robust and diversified business model Long-term customer trading relationships A differentiated customer value proposition Orora offers a compelling value proposition to our customers, underpinned by unique capabilities and unrivalled manufacturing capacity in the market Innovation and
Slide 90: Partnering with customers to deliver value
5) Orora Cans Robust and diversified business model Partnering with customers to deliver value We succeed when our customers succeed, so we are invested in delivering value to our customers through a range of different services and unique capabilities Enriching brands Creating value Innovation & Emb
Slide 91: Our value proposition in action
5) Orora Cans Long-term customer trading relationships Our value proposition in action In response to the customer brief and need to keep couples consuming within their own product portfolio, Orora supported the ideation and development of a completely new brand Customer Orora’s approach Customer op
Slide 92: Resilient growth with long-term contracted volumes
5) Orora Cans Long-term customer trading relationships Strong financial track record and growth profile Resilient growth with long-term contracted volumes We are strongly positioned to capitalise on format shift trends in the market, supported by long term customer contracts and associated volumes •
Slide 93: Significant investment in multi-size capacity expansion
5) Orora Cans Disciplined approach to capital allocation Well-invested assets and defensive growth profile Significant investment in multi-size capacity expansion We continue to expand our capacity and capability in market to service our growing customers' needs, and have demonstrated a strong track
Slide 94: Extensive manufacturing footprint
5) Orora Cans Well-invested assets and defensive growth profile Extensive manufacturing footprint Further enhanced by these recent investments, Orora Cans operates the most advanced and capable cans network in the Australasian market Site Type E Can Manufacturing Orora Sites State Products Classic S
Slide 95: Orora Beverage launches Helio1
5) Orora Cans Robust and diversified business model Orora Beverage launches Helio1 First-to-market high-speed What is Helio1? Benefits of Helio1 digital printing digital print technology, Transformative game-changer for differentiated High-speed printing and customised, direct-to-shape design and de
Slide 96: Orora Beverage launches Helio1
5) Orora Cans Robust and diversified business model Orora Beverage launches Helio1 First-to-market high-speed Unlimited colours, textures and varnishes, Customer and SKU complexity digital print technology, on the one “unique” can offering exceptional decoration and design 2500 x 3.0 250 2000 200 15
Slide 97: Well-positioned for sustainable growth
Strong financial track record and growth profile 5) Orora Cans Well-positioned for sustainable growth There is a clear set of immediate and longer-term priorities that will position the business to continue delivering sustainable growth Enter new segments – Enhance and expand – longer‐term targets n
Slide 98: Highly capable team
5) Orora Cans Experienced and stable management team Highly capable team Our cans business is led by a highly capable management team, with 13+ years average tenor in the business Chris Smith Jehan Hanna Amir Hashemi Adam Johnson Kylie Newman Executive General Manager HSE Manager Supply Chain Direct
Slide 99: Leading the way with sustainability
5) Orora Cans Favourably positioned in sustainability Leading the way with sustainability We continue to deliver on our sustainability mandate, building on the infinitely recyclable nature of aluminium cans and further bolstered through innovations in lightweighting Aluminium is infinitely recyclabl
Slide 100: Concluding remarks
5) Orora Cans Concluding remarks Orora Cans is a market leader, valued by its Orora investing to expand capacity, customers for a strong reputation for supply drive innovation, and underpin the reliability, quality, and leading value-creating sustainability agenda. Resulting in the innovative design
Slide 101: Q&A - Cans
Q&A - Cans Chris Smith and Brian Lowe
Slide 102: Q&A – Final
Q&A – Final All presenters
Slide 103: Our investment proposition
Our investment proposition Orora provides investors with a robust and defensive earnings profile core in Australasia, and attractive growth profile in North America and Europe Leadership positions Robust and Well invested assets Long-term customer in attractive diversified business and defensive tra
Slide 104: Appendix Historical Financial Performance
Appendix Historical Financial Performance
Slide 105: Long-term performance
Long-term performance Reported earnings per share1 (cps) Total shareholder return2,3 ORA +206% 24.1 21.7 16.9 Since demerger, disciplined 13.1 9.9 11.3 capital allocation has driven 7.3 9.4 strong shareholder returns. 5.1 Saverglass provides an 8.0 9.6 11.8 12.8 9.4 ASX 200 +138% exciting additional
Slide 106: Long-term performance
Long-term performance Revenue1 ($m) EBIT1 ($m) Continuing operations Continuing operations 1H23 vs 1H24 1H23 vs 1H24 4,091 4,291 321 3,538 -5.5% 286 +11.0% 1,037 249 909 834 2,265 153 184 2,139 151 166 115 150 13 534 3,182 3,254 529 81 83 2,704 1,730 135 167 1,495 99 85 88 FY21 FY22 FY23 1H23 1H24 F
Slide 107: Thank you
Thank you www.ororagroup.com