Coral Products Plc · LSE:CRU
Coral Products — Investor Presentation (2023)
18 slides from Coral Products's investor presentation, 2023
Slide 1: Coral Products Plc Investor Presentation 2023
Coral Products Plc Investor Presentation 2023 1
Slide 2: Management Team
MANAGEMENT TEAM Appointed as Executive Chairman in 2021 Joe Grimmond Previously Chief Executive of James Dickie plc and Chairman of Widney Executive Chairman plc. Appointed Finance Director in 2017 and joined Coral Products Sharon Tinsley Mouldings Ltd as Group Financial Controller in 2016. Finance
Slide 3: Trading Highlights HY2023
TRADING HIGHLIGHTS Investing in Growth – Organically and via Acquisition HY2023 • Of the £17.6m in sales, £10.3 came from the four businesses acquired during the period Revenue EBITDA* • Underlying businesses Tatra-Rotalac and Customised £17.6m £1.88m Packaging, delivered solid organic growth of a c
Slide 4: Coral Evolution
CORAL Re-energised Platform Over Last Two Years EVOLUTION Disposal and Restructuring Feb 2021 Feb 2021 Oct 2021 Disposal of Coral Disposal of Interpack Disposal of former Products Mouldings manufacturing site in Haydock Buy And Build Mar 2021 May 2022 May 2022 Sep 2022 Oct 2022 Purchase of Purchase
Slide 5: Coral's Approach
CORAL’S Our “Value Add” Model APPROACH Significantly earnings enhancing “Buy And Build Strategy” Real efficiencies through Supercharging optimising people, assets and acquisitions mkt opportunities A fragmented market ripe Targeting “lifestyle” Acquisitions completed at for consolidation family run
Slide 6: ESG
Working in harmony with our environment ESG Our ESG principles A 360° approach Sustainability 1 Introduced End-Of-Life Recycling into the Group Community 2 Impact positively on the communities around us 33 Intelligence Continuing to produce sustainable products 4 Responsibility Purchasing raw materi
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Slide 8: Coral Today
CORAL TODAY Specialist Plastic Focus Sales by Sector Customer base 19% Food Packaging • Consumer staples sector underpins Specialist and steady revenue stream 42% Industrial • Customers from across diversified Consumer goods “An Optimised Platform packaging subsectors For Growth” 39% • Largest custo
Slide 9: Divisional Review: Tatra Rotalac
DIVISIONAL Tatra Rotalac REVIEW Tatra Rotalac was formed by two Coral subsidiaries acquired in 2014 and 2016 respectively. This subsidiary is a leading provider of plastic extrusion and injection moulded products serving the building, retail, telecom, aerospace and rail segment. Interim trading perf
Slide 10: Divisional Review: Global One-Pak Ltd
DIVISIONAL Global One-Pak Ltd REVIEW A leading supplier of lotion pumps, triggers and mist sprayers acquired in 2016. Reputation for quality of product and service and global supply chain ensuring supply of goods throughout Europe and to multiple global locations . Interim trading performance in 202
Slide 11: Divisional Review: Customised Packaging Ltd
DIVISIONAL Customised Packaging Ltd REVIEW Produces specialised packaging including crates and cases for product transportation and became part of Coral Products in March 2021. major customer groups include automotive, aerospace, retail and medical. Interim trading performance in 2022 • Maintained s
Slide 12: Divisional Review: Film and Foil Ltd
DIVISIONAL Film and Foil Ltd REVIEW A market-leading converter and stockist of flexible packaging film, print lamination film and speciality plastics, paper and aluminium foils. Interim trading performance in 2022 • Acquired in May 2022 for a total consideration of £3 million • Acquisition delivers
Slide 13: Divisional Review: Alma Products Ltd
DIVISIONAL Alma Products Ltd REVIEW A niche specialist and expert in extrusion, thermoforming and container printing serving the food industry - providing either formable plastic sheet for Form-Fill-Seal applications, or thermoformed and printed plastic food packaging. Trading performance in 2022 •
Slide 14: Recent Acquisition: Manplas Ltd
RECENT Manplas Ltd ACQUISITION About • Acquired in September 2022 for £300,000 • Neighbouring facility and business to Tatra-Rotalac Ltd in Wythenshawe, Manchester • Many synergies with Customised Packaging Ltd Growth opportunities • Will enable further development of the Tatra Rotalac business by e
Slide 15: Recent Acquisition: Ecodeck Grids Ltd
RECENT Ecodeck Grids Ltd ACQUISITION About • Acquired in October 2022 for up to £5.6 million • Currently owned by Matthew and Kelly Staples. Based in Sutton-in- Ashfield, Nottinghamshire • All products are produced from 100% recycled plastic: - Including driveway grids, gravel pathway grids, plastic
Slide 16: Key Financials: Robust Financial Performance
KEY FINANCIALS Robust Financial Performance Financial Summary Six months to Six months to Year to • Increase in sales reflects 31 Oct 2022 31 Oct 2021 30 Apr 2022 acquisitions and improved £m £m Progression £m underlying performance Sales Income 17.6 7.1 +147.9% 14.4 • Strategic focus on value 1.9 1
Slide 17: Key Financials: Balance Sheet Strength
KEY FINANCIALS Balance Sheet Strength Six months to Six months to Year to 31 Oct 2022 31 Oct 2021 30 April 2022 Balance Sheet Summary £m £m £m Tangible Fixed Assets 9.1 2.3 2.1 Goodwill and Intangibles 8.3 3.0 2.9 Current Assets 18.1 9.9 12.6 Current Liabilities (16.9) (4.1) (4.6) Net Current Assets
Slide 18: Investment Summary
Investment Integration and Innovation Summary Delivering on Integration • Significant opportunity to build a profitable business of scale • Proven track record of acquisitions • Integration of Alma Products, Film and Foil Solutions and Manplas into the business on track to deliver improved profitabi