Slide 1: Final results 30 March 2023
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Slide 2: Disclaimer
Disclaimer ‘The information contained in these slides and any accompanying verbal presentation as well as any question and answer sessions (together, the "Presentation") have not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 ("FSMA"). Relianc
Slide 3: About us
About us * Injection and blow moulded plastic packaging and rigid paperboard luxury packaging * Products and services within the food and drink, homecare, beauty and personal care and luxury gift sectors * Geographical presence maximising commercial logistical reach to our customers * Headquartered
Slide 4: Market drivers and opportunities
Market Orivers and opportunities Growth markets Customer relationships For food and consumer product benefits in hygiene, safety, Increase share of wallet with existing customers protection, durability and convenience: Growth with new customers of similar profile and needs * Food & Drink Shouucase o
Slide 5: Developing our strategy
Developing our strategy Growing ahead of the market by providing excellent customer service as a long-term strategic partner while creating a people-centric business aligned with our purpose Sustainability is at the core as we transition to decarbonisation and a circular economy Our strategic priori
Slide 6: Guiding our sustainability journey
Guiding our sustainability journey ROBINSON Going above and beyond for people and planet reap, ~ wie 70 sustainable products Intelligence We want our people to thrive, enabling our team to reach their potential in a culture that prioritises health and wellbeing. We will extract maximum value from th
Slide 7: Summary
Summary Return to profitability after a difficult 2021, successful pass through of cost inflation to selling prices in 2022 Financial highlights * Revenues +10% to £50.5m (9% due to Schela Plast). Excluding Schela Plast, underlying volumes -10% below 2021, offset by selling price increases * Gross m
Slide 8: Outlook
Outlook Committed in the medium term to delivering above-market profitable growth and 6-8% adjusted operating profit margin * Macroeconomic uncertainty and volatility is likely to continue through 2023 * Seeking further sales price increases from all customers as a result of further cost inflation e
Slide 9: Pension fund
Pension fund Defined benefit pension plan IAS 19 surplus at 31 December 2022 of £7.0m (2021: £13.2m) Buy-in contract signed 6 Dec 2022, and full buy- out expected for the end of 2023 Any surplus remaining after buy-out will be used to augment members pensions Pension Escrow Account has £3.2m - £2.7m
Slide 10: Surplus property
Surplus property Increase cash reserves for reinvestment Surplus properties * Book value £2.8m at 31 December 2022 * Market value £8.1m (valued by Innes England as at November 2022) * Current gross rental income £0.3m per annum * Expect sales in the next 12 months - subject to planning. Development
Slide 11: Financials
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Slide 12: Income statement
Income statement £'000 2022 2021 % change Revenue 50,529 45,954 +10.0% Gross profit 8,764 7,750 +13.1% Gross profit % 17.3% 16.9% +406s Operating costs (6,731) (6,525) +3.2% Adjusted operating profit 2,033 1,225 +66.0% Adjusted operating profit % 2.7% 2.7% Exceptional items 1,714 (43) Amortisation o
Slide 13: Balance sheet
Balance sheet i£'000. Non-current assets Intangible assets Property, plant and equioment Deferred tax assets 2022 2021) 4,494 5,265 22,960 24,892 1,294 1,188 Current assets 28,748 31,345 Inventories 5,155 5,067 Trade and other receivables 9,522 10,033 Cash at bank and on hand 5,097 2,775 Current tax
Slide 14: Cashflow
Cashflow £000 2022 Operating cash flow before working capital 4,920 Cash generated from operations 7,578 5,397 Cash generated from operating activities 6,769 4,949 Net cash used in investing activities (4,270) (5,694) Net cash used in financing activities (G,234) 4,465 Net change in cash and cash eq
Slide 15: Appendices
Aooendices
Slide 16: Introductions
Introductions 16 Helene Roberts - CEO Helene has extensive knowledge of sustainable materials technology, global sales, marketing and innovation and people leadership. She has a degree in Materials Engineering and a PhD in Polymer Engineering. Helene’s career started with M&S, initially as a materia
Slide 17: External landscape
External landscape Environmental Plastics use and waste, pollution, food waste, sustainability energy, carbon emissions. Role of packaging and attitudes to waste. Rise in e-commerce. Increase in food safety and hygiene demands. ’ Medium and long-term Economic impacts of Covid-19 outlook and Brexit.
Slide 18: Creating value
Creating value (Our business model Our long-term impact OCEnvironmental *estionshies Custer Creating inclusive 7S y 1) mers A pan Protection and ctfeertition ND equitable sustainability © thriving \_$ (@) SK Guc people and expercive Sete |e Paresuemsua Geople : ; cop to helo rm crxomprcaere Smploume
Slide 19: Together since 1839