Orora Limited · ASX:ORA
Orora — Shareholder Meeting (October 2018)
20 slides from Orora's shareholder meeting presentation, Oct 16, 2018
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING 16 October 2018
Slide 2: Chris Roberts, Chairman
Chris Roberts Chairman
Slide 3: Important information
Important information This presentation contains summary information about the current activities of Orora Limited (Orora) and its subsidiaries (Group). It should be read in conjunction with Orora’s other periodic and continuous disclosure announcements filed with the Australian Stock Exchange. Forw
Slide 4: 2018 financial year highlights
2018 financial year highlights UNDERLYING UNDERLYING EARNINGS BEFORE NET PROFIT AFTER TAX (NPAT) INTEREST AND TAX (EBIT) Solid earnings growth is being $208.6m $323.4m converted into strong cash flow, increased dividends and 12.0% INCREASE 7.0% INCREASE higher returns. UNDERLYING EARNINGS PER SHARE
Slide 5: Strong shareholder returns
Strong shareholder returns Annual 12.5¢ Dividend cents per share Payout Ratio ~71% of NPAT Orora Ltd 5
Slide 6: Value-creating strategy
Value-creating strategy Orora Ltd 6
Slide 7: Governance
Governance …strong corporate governance practices are designed to meet the interests of Orora’s stakeholders Orora Ltd 7
Slide 8: Nigel Garrard, Managing Director & CEO
Nigel Garrard Managing Director & CEO
Slide 9: The Orora Way
The Orora Way ORS ZRA as THE OR: .cRA WAY OUR BELIEF AT ORORA WE BELIEVE PACKAGING TOUCHES LIVES, TOGETHER WE DELIVER ON THE PROMISE OF WHAT'S INSIDE OUR VALUES TEAMWORK PASSION INTEGRITY Safety frst a Do what is right One Orara Innovative Init together Responsible For our customers OUR VISION TO BE
Slide 10: Orora's blueprint for creating shareholder value
Orora’s blueprint for creating shareholder value ORGANIC RETURNS FOCUSED GROWTH SUSTAINABLE GROWTH CAPITAL ALLOCATION DIVIDEND Orora Orora North Australasia America Organic Growth Bolt-on M&A Adjacent 60-70% GDP Sales GDP+ Sales Capital (North America Focused) M&A Pay Out Ratio Growth Growth GDP bas
Slide 11: Safety
Safety Lost time injury frequency rate Recordable case frequency rate (LTIFR) (RCFR) NEEDS IMPROVEMENT IMPROVEMENT 1.6 1.8 6.9 6.8 JUNE 2017 JUNE 2018 JUNE 2017 JUNE 2018 Orora Ltd 11
Slide 12: Business performance
Business performance Orora Australasia Orora North America Fibre Beverage Orora Packaging Solutions Orora Visual Orora Ltd 12
Slide 13: Business performance – Australasia
Business performance – Australasia EARNINGS BEFORE INTEREST AND TAX (EBIT) $232.3m 8.7% INCREASE SALES REVENUE $2,104.8m 2.3% 5.2% INCREASE Orora Ltd 13
Slide 14: Australasia highlights
Australasia highlights • A further $140 million of capex invested in FY18 • Innovation Expo held in May Orora Ltd 14
Slide 15: Business performance – North America
Business performance – North America EARNINGS BEFORE INTEREST AND TAX (EBIT) USD93.8m 5.9% INCREASE SALES REVENUE USD1,661.2m 8.1% INCREASE Orora Ltd 15
Slide 16: Growth and innovation
Growth and innovation Investing in organic capital projects and innovation to drive sustainable growth. Additional $8 million $7 million $30 million spent to complete the final build phase for the invested in a new small invested in the format can capacity at $23 million waste water Australasian Fib
Slide 17: Powering Orora
Powering Orora • Renewable energy, gas, coal and hydro are all part of the mix of energy sources Orora will deploy • Orora has entered into two separate power purchase agreements (PPAs) with renewable energy providers, to supply wind generated electricity to Orora’s operations in South Australia, Vi
Slide 18: Building a sustainable business
Building a sustainable business • Orora is a recycling market leader in Australia • Botany recycled paper mill (B9) in NSW is one Australia’s largest cardboard recyclers • The Gawler glass manufacturing plant in SA recycles 80% of the glass collected through SA’s container deposit scheme • Orora mak
Slide 19: First quarter trading and outlook
First quarter trading and outlook First quarter trading update: • Group operations tracking ahead of plan • Company trading in-line with internal expectations • Major capital projects all progressing as expected FY19 Outlook: • Orora expects to be able to deliver underlying earnings growth, subject
Slide 20: Thank you
THANK YOU