Pro-pac Packaging Ltd · ASX:PPG
Pro-pac Packaging — Shareholder Meeting (November 2021)
39 slides from Pro-pac Packaging's shareholder meeting presentation, Nov 23, 2021
Slide 1: ASX release: AGM presentations
Pro-Pac Packaging Limited ABN: 36112971874 ASX- For immediate release 23 November 2021 PRO-PAC PACKAGING LIMITED ANNUAL GENERAL MEETING PRESENTATIONS The presentations to be given at today’s Annual General Meeting are attached. Release of market announcement authorised by the Board of Directors. For
Slide 2: Annual General Meeting 2021
PRO-PAC PACKAGING LIMITED ANNUAL GENERAL MEETING 23 November 2021 ASX: PPG
Slide 3: Disclaimer
DISCLAIMER Company announcements and presentations can contain forward looking statements. This Presentation contains the summary information about the current activities of Pro-Pac Packaging Limited and its controlled entities (PPG). It should be read in conjunction with PPG’s other periodic and co
Slide 4: Questions online
| Questions online ONLINE ATTENDEES - TEXT QUESTION PROCESS 123-456-789 ‘When the Question function is available, the messaging tab will ny Piucssioine ‘appear at the top of the app A Messaging To send in a question, click in the ‘Ask a question’ box, type your question @ Meter and press the send ar
Slide 5: Questions Verbal
Questions Verbal BOARDROOM MEDIA —- AUDIO QUESTION PROCESS *Please ensure your webcast is muted before joining the call.* To ask a question verbally please dial the number shown on the main information page. Enter your meeting ID followed by #. - = ~ You will be asked for a participant pin poe eS ho
Slide 6: Voting
| Voting ONLINE ATTENDEES - VOTING ‘LUMI ‘When open, the vote will be als | accessible by selecting the voting t a Bom tab at the top of the screen Pca Open Resolution 1 To vote simply select the direction in which you would like to cast your vote. The selected ‘option will change colour ' . O wun -
Slide 7: Chairman's Address
CHAIRMAN’S ADDRESS Jonathan Ling, Chairman
Slide 8: Chief Executive Officer's Address
CHIEF EXECUTIVE OFFICER’S ADDRESS Tim Welsh, CEO and MD
Slide 9: A Zero Harm Focus
| A Zero Harm Focus Our leadership is committed to building a disciplined safety culture that sustainably protects our people and enhances operational performance ‘ed by 35.6% to 9.36 FY21 COVID-19 Update . + Strict protocols in place to protect the safety, health & wellbeing of Targeting Zero Harm
Slide 10: FY21 highlights
Navigated the COVID-19 pandemic challenges, with a strong focus on keeping our people safe Executed all planned transformation projects on budget Increased margins from portfolio improvement programs and disciplined raw materials management Underlying Profit after tax $13.2m, up 29% Maintained a str
Slide 11: Strategy – key priorities
Strategy – key priorities • Drive profitable revenue growth – Increasing pipeline of opportunities – Investment in capacity and technology – Organic and acquisitive growth • Improve operational efficiencies – Centres of Excellence – ERP project • Culture of innovation – Head of Innovation Management
Slide 12: Business Outlook
Business Outlook • Improving profitability in Industrial business • Top line growth in Flexibles business • Adverse impacts: - Global supply chains (Freight and resin) - Site closures - Labour costs • 1H22 underlying Profit Before Tax result to be be broadly consistent with the 2H21 underlying PBT r
Slide 13: 1. Financial Report
1. Financial Report • To receive and consider the Financial Report of the Company and of the Consolidated Entity for the year ended 30 June 2021 and the Reports Directors’ and Auditor’s thereon.
Slide 14: 2. Remuneration Report
2. Remuneration Report Non Binding Advisory Resolution • To receive, consider and adopt the Remuneration Report of the Company and Consolidated Entity for the year ended 30 June 2021. FOR AGAINST PROXY’S DISCRETION ABSTAIN 634,638,505 1,809,206 235,021 261,504 99.68% 0.28% 0.04%
Slide 15: 3. Director Election- Rupert Harrington
3. Director Election- Rupert Harrington FOR AGAINST PROXY’S DISCRETION ABSTAIN 632,197,063 4,456,784 255,021 35,368 99.26% 0.70% 0.04%
Slide 16: 4. Increase Placement Capacity
4. Increase Placement Capacity FOR AGAINST PROXY’S DISCRETION ABSTAIN 630,133,835 5,151,068 255,021 1,404,312 99.15% 0.81% 0.04%
Slide 17: 5. Share Consolidation
5. Share Consolidation FOR AGAINST PROXY’S DISCRETION ABSTAIN 633,698,048 1,967,522 245,021 1,033,645 99.65% 0.31 0.04%
Slide 18: 6. Issue of Performance rights to Tim Welsh
6. Issue of Performance rights to Tim Welsh FOR AGAINST PROXY’S DISCRETION ABSTAIN 615,038,615 2,162,815 235,777 47,368 99.61% 0.35% 0.04%
Slide 19: Thank You
Thank You Page 17
Slide 20: Chairman's speech: welcome and acknowledgement
Pro-Pac Packaging Limited Annual General Meeting 2021 PRO-PAC PACKAGING LIMITED 2021 ANNUAL GENERAL MEETING Good afternoon ladies and gentlemen. My name is Jonathan Ling and I am your Chairman. I begin today by acknowledging the Traditional Custodians of the land on which we meet today, and pay my r
Slide 21: Asking questions during the meeting
Pro-Pac Packaging Limited Annual General Meeting 2021 To ask a question during the meeting, click on the speech bubble icon at the top of the screen, type your question and then click the arrow to submit your question. You will receive confirmation that your question has been sent after you click on
Slide 22: Meeting ID and online voting instructions
Pro-Pac Packaging Limited Annual General Meeting 2021 You will be asked for a participant pin however simply press # to join the meeting. You will be muted upon entry. To ask a question press *9 to signal the moderator. Once your question has been answered your line will be muted. Feel free to eithe
Slide 23: Introduction of directors and executives
Pro-Pac Packaging Limited Annual General Meeting 2021 her all the best as she takes on a new and challenging non-executive director role. Our sincere thanks and best wishes Marina; ❖ Darren Brown - A Non-Executive Director, Chair of our Audit Business Risk & Compliance Committee and a member of our
Slide 24: Chairman's Address
Pro-Pac Packaging Limited Annual General Meeting 2021 CHAIRMAN’S ADDRESS At last year’s AGM, I said that 2021 would be a transformational year for Pro-Pac Packaging and I am delighted to be addressing you today with an update. The 2021 financial year was indeed transformational for Pro-Pac. During t
Slide 25: Chairman's address: focus for year ahead
Pro-Pac Packaging Limited Annual General Meeting 2021 Tim and the senior management team have created a leaner, more profitable business with a strong foundation for growth. In the year ahead we will focus on driving profitable revenue growth, continuing our operational transformation, and making fu
Slide 26: Chief Executive Officer's Address
Pro-Pac Packaging Limited Annual General Meeting 2021 I am now delighted to invite our CEO and Managing Director, Tim Welsh, to talk to you about our Financial Year 2021 performance, our strategy, the progress we’ve made with our business priorities, and the business outlook before we address the fo
Slide 27: CEO address: safety culture
Pro-Pac Packaging Limited Annual General Meeting 2021 throughout the pandemic and they have found new ways to work together while keeping each other safe. They have also delivered on another year of transformation, and I want to thank them for everything they have given the company this year. Thirdl
Slide 28: Financial performance
Pro-Pac Packaging Limited Annual General Meeting 2021 Financial performance FY21 was a year of transformation for Pro-Pac, during which we achieved strong financial and operating results while keeping our people safe. Margins across the business continue to improve due to our portfolio improvement p
Slide 29: Centres of Excellence and operational transformation
Pro-Pac Packaging Limited Annual General Meeting 2021 We also established Centres of Excellence for printing and conversion at the Dandenong Industrial Precinct, Victoria. This enabled the cost-effective integration of Supreme Packaging and the printing assets from the Chester Hill site. In future,
Slide 30: Strategic investments in capacity and technology
Pro-Pac Packaging Limited Annual General Meeting 2021 As evidence of our commitment to profitable revenue growth, we have made strategic investments in additional capacity and technologies to optimise manufacturing efficiency and support the growth pipeline in high value FMCG segments. In the year a
Slide 31: Business Outlook
Pro-Pac Packaging Limited Annual General Meeting 2021 Business Outlook As we approach the end of our first half, we are encouraged to see continuing improvement within our Industrial Speciality Packaging business and note some exciting new revenue wins within our Flexibles business. There is clear e
Slide 32: Conclusion
Pro-Pac Packaging Limited Annual General Meeting 2021 We said at the full year result in August that we would focus on the elements we can directly control. This remains the case and we are relentlessly focused on our strategic priorities of top line revenue growth in the Flexibles business, operati
Slide 33: Financial Report, Directors Report and Auditors Report
Pro-Pac Packaging Limited Annual General Meeting 2021 Item 1 – Financial Report, Directors Report and Auditors Report To receive and consider the Financial Report of the Company and of the Consolidated Entity for the year ended 30 June 2021 and the Reports by Directors and Auditors thereon. The Annu
Slide 34: Resolution – Remuneration Report
Pro-Pac Packaging Limited Annual General Meeting 2021 Resolution 2 – Remuneration Report To consider and if thought fit, pass the following resolution as an Ordinary Resolution: “To receive, consider and adopt the Remuneration Report of the Company and Consolidated Entity for the year ended 30 June
Slide 35: Resolution – Election of Mr. Rupert Harrington
Pro-Pac Packaging Limited Annual General Meeting 2021 Resolution 3 – Election of a Director – Mr. Rupert Harrington To consider and if thought fit, pass the following resolution as an Ordinary Resolution: "That, for the purposes of clause 6 of the Company's Constitution and for all other purposes, S
Slide 36: Resolution – Increase Placement Capacity
Pro-Pac Packaging Limited Annual General Meeting 2021 Resolution 4 – Increase Placement Capacity To consider and if thought fit, pass the following resolution with or without amendment as a Special Resolution: "That, in accordance with ASX Listing Rule 7.1A and for all other purposes, Shareholder ap
Slide 37: Resolution – Share Consolidation
Pro-Pac Packaging Limited Annual General Meeting 2021 Resolution 5 – Share Consolidation To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: "That, pursuant to section 254(H) of the Corporations Act and for all other purposes, the Shares of the Company be con
Slide 38: Resolution – Performance Rights to Mr Tim Welsh
Pro-Pac Packaging Limited Annual General Meeting 2021 Resolution 6 – Issue of Performance Rights to Mr Tim Welsh To consider and if thought fit, pass the following resolution as an Ordinary Resolution: “That, for the purposes of ASX Listing Rule 10.14 and for all other purposes, Shareholder approval
Slide 39: General Questions
Pro-Pac Packaging Limited Annual General Meeting 2021 General Questions Kathleen - are there any general questions from shareholders? . [Questions / Response] If there are no further questions, I will close the meeting and declare the voting closed. Thank you for your attendance today and for your s
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