Pro-pac Packaging Ltd · ASX:PPG

Pro-pac Packaging — Merger or Acquisition (July 2011)

14 slides from Pro-pac Packaging's merger presentation, Jul 7, 2011

1. Slide 1: Investor Presentation: Proposed Bennamon share acquisition and market update

   For personal use only Pro-Pac Packaging Ltd Investor Presentation Proposed Bennamon share acquisition and market update 7 July 2011

2. Slide 2: Disclaimer

   Disclaimer The material that follows is high level, in summary form, and general in nature and does not purport to be For personal use only complete. It is not a product disclosure statement under the Corporations Act and has not been lodged with ASIC. Some of the statements in this presentation con

3. Slide 3: Contents

   Contents For personal use only Contents  Proposal summary  About Bennamon  Strategic rationale and benefits  Preliminary FY2011 results  Indicative FY2012 guidance  Annexure A – Indicative proposal timetable  Annexure B – About Pro-Pac 3

4. Slide 4: Proposal Summary

   Proposal Summary For personal use only Proposal Summary  Bennamon Pty Ltd (BPL) has entered into an agreement to acquire the 30.2% held by CVC group entities for 45 cents per PPG share  BPL’s share acquisition from CVC is conditional, a principal condition being the approval of the non- associated

5. Slide 5: About Bennamon

   About Bennamon For personal use only About Bennamon  BPL is a private investment vehicle owned by Geminder Holdings  Mr Raphael (Ruffy) Geminder – Executive Chairman of Bennamon / Geminder Holdings  Geminder Holdings has a number of investments in the packaging industry of potential benefit to PP

6. Slide 6: Strategic Rationale and Benefits

   Strategic Rationale and Benefits For personal use only Strategic Rationale and Benefits  CVC has been a financial investor in PPG for the past 8 years with no other exposure to the packaging industry  BPL have made the decision to increase their existing 18.1% shareholding in PPG  Bennamon / Gemi

7. Slide 7: Strategic Rationale and Benefits (continued)

   Strategic Rationale and Benefits For personal use only Strategic Rationale and Benefits (continued)  PPG can benefit from a strengthened relationship with Bennamon / Geminder Holdings in a variety of ways:  Can provide PPG a channel to access a significantly larger customer base, particularly to P

8. Slide 8: Preliminary FY2011 Results

   Preliminary FY2011 Results For personal use only Preliminary FY2011 Results  Subject to Audit, the PPG Board advises that it expects PPG to deliver the following full year financial results to 30 June 2011:  Revenue $113m - $114m (2010: $91m)  EBITDA $10.6m - $10.9m (2010: $10.0m)  Normalised EB

9. Slide 9: Indicative FY2012 Guidance

   Indicative FY2012 Guidance For personal use only Indicative FY2012 Guidance  The PPG Board is able to provide the following indicative FY2012 guidance1  Revenue $122m - $125m (2011: $113m - $114m)  EBITDA $11.5m - $12.5m (2011: $10.6m - $10.9m)  NPAT $5.5m - $6.1m (2011: $4.7m - $4.9m)  Normali

10. Slide 10: A – Indicative Proposed Timetable

    Annexure A – Indicative Proposed Timetable For personal use only Indicative Proposed Timetable Timeframe Event Mid August 2011 Notice of meeting information including the Independent Expert’s Report released to ASX and sent to PPG shareholders Mid September 2011 PPG shareholders meeting held Mid Sep

11. Slide 11: Pro-Pac - Overview

    Annexure B – About Pro-Pac For personal use only About Pro-Pac - Overview  Leading manufacturer and supplier of end-to-end packaging solutions  Established in 1987 and listed on ASX April 2005  Major divisions:  Rigid Packaging manufacture & distribution  Industrial Packaging import, manufactur

12. Slide 12: Pro-Pac - Rigid Packaging

    Annexure B – About Pro-Pac For personal use only About Pro-Pac - Rigid Packaging Manufacturer and distributor of rigid containers & all types of caps & closures.  Bottles  Measures  Caps  Pails  Cubes  Sprays & Pumps  Drums  Jars  Jerry Cans  Triggers 12

13. Slide 13: Pro-Pac - Industrial Packaging

    Annexure B – About Pro-Pac For personal use only About Pro-Pac - Industrial Packaging Manufacturer and distributor of:  Biodegradable voidfill  Cartons  Stretch & shrink film  Packaging & specialty tapes  Strapping – steel, poly & PET  Labels  Poly bags  Bubble, paper & air pillow  Janitori

14. Slide 14: Pro-Pac - Customer Base

    Annexure B – About Pro-Pac For personal use only About Pro-Pac - Customer Base Strong and diverse customer base servicing a range of industry segments:  Automotive  Entertainment  Oil  Cosmetics  Industrial  Beverage  Pharmaceuticals  Retail  Manufacturing  Transport  Food  FMCG  Fast f

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