Orora Limited · ASX:ORA
Orora — Shareholder Meeting (October 2020)
22 slides from Orora's shareholder meeting presentation, Oct 21, 2020
Slide 1: 2020 Annual General Meeting
2020 Annual General Meeting 21 October 2020
Slide 2: Rob Sindel, Chairman
MZ OR, sRA nm NY Rob Sindel Chairman
Slide 3: Important information
Important information Forward Looking Statements This presentation contains forward looking statements that involve subjective judgment and analysis and are subject to significant uncertainties, risks and contingencies, many of which are outside the control of, and are unknown to Orora. Forward look
Slide 4: Orora's Board of Directors
Orora’s Board of Directors Abi Cleland Rob Sindel Brian Lowe Independent Non-Executive Chairman Managing Director & CEO Director Tom Gorman Sam Lewis Jeremy Sutcliffe Independent Non-Executive Independent Non-Executive Independent Non-Executive Director Director Director Orora 4
Slide 5: Rob Sindel, Chairman
MZ OR, sRA nm NY Rob Sindel Chairman
Slide 6: Financial performance
Financial performance UNDERLYING EARNINGS BEFORE SALES REVENUE INTEREST AND TAX (EBIT) ↑ ↑ 5.2% $3,566.2M 14.3% $224.3M • Resilient despite COVID-19 • Full year dividend ~78% of UNDERLYING NET PROFIT AFTER TAX UNDERLYING EARNINGS PER SHARE (EPS)1 (NPAT) NPAT • Strong balance sheet $127.7M ↑ ↑ 22.8%
Slide 7: Capital management
Capital management Orora’s strong balance sheet provides value creation optionality • Completion of the Fibre Australasia sale was a significant milestone for Orora $1,720 M Enterprise • Represented compelling value for shareholders Value • Enhanced optionality for future growth investment or additi
Slide 8: Shareholder value blueprint
Shareholder value blueprint 8
Slide 9: Our ambition
Our ambition To be a leading sustainable packaging solutions company 9
Slide 10: Governance & Leadership
Governance & Leadership • Orora’s governance framework and practices continue to be refined to meet changing regulatory requirements • Board is committed to ensuring that it is comprised of individuals who collectively have the appropriate skills and experience to develop and support the Board’s res
Slide 11: Rob Sindel, Chairman
MZ OR, sRA nm NY Rob Sindel Chairman
Slide 12: Brian Lowe, Managing Director and CEO
Brian Lowe Managing Director and CEO
Slide 13: 3 core focus areas during COVID-19
3 core focus areas during COVID-19 1. Health, 2. Customers 3. Active Safety & and Supply Financial Wellbeing Chain Management • Adherence to government and health • Strong emphasis on clear customer • Realignment of operating costs and authority advice and supplier communication increased focus on e
Slide 14: Continued focus on safety
Continued focus on safety Lost time injury frequency rate Recordable case frequency rate (LTIFR) (RCFR) IMPROVEMENT IMPROVEMENT 2.3 1.5 8.1 6.7 JUNE 2019 JUNE 2020 JUNE 2019 JUNE 2020 14
Slide 15: Building momentum
Building momentum Successfully completed the sale of the ü Australasian Fibre business for an enterprise value of $1.72 billion ü Completed 5 year, $200 million investment in world class Gawler facility ü Returned $600 million to shareholders before FY20 end ü Expedited the digital transformation jo
Slide 16: Review of Strategy complete
Review of Strategy complete ENABLERS Safety 1 OPTIMISE AND GROW Diverse To be a leading talent sustainable packaging solutions company Customer ENHANCE AND focus 2 EXPAND Operating Delivering on the excellence promise of what's inside Innovation 3 ENTER NEW SEGMENTS Financial discipline Orora 16
Slide 17: Portfolio assessment and approach
Portfolio assessment and approach Strengths Strategies • Market leadership • Maintain, renew and win key contracts • Sustainable products • Invest in new capacity • Leading decoration & design capabilities • Continued focus on optimising manufacturing processes • Reputation for reliable supply of hi
Slide 18: A leading sustainable packaging solutions company
A leading sustainable packaging solutions company Gawler furnace rebuild, upgrades to reduce OPS achieved 70% recycled content in environmental impacts and increased cullet corrugated board manufacture and aims to use reduce overall packaging footprint Cans minimising packaging and further Company m
Slide 19: Financial performance
Financial performance North America Australasia USD SALES REVENUE SALES REVENUE ↑ ↑ 0.1% $1,866.4M 0.9% $785.9M USD EARNINGS BEFORE INTEREST UNDERLYING EARNINGS BEFORE AND TAX (EBIT) INTEREST AND TAX (EBIT) ↑ ↑ 29.6% $51.8M 7.4% $147.2M 19
Slide 20: Trading update
Trading update • Challenging and uncertain market conditions persist and are expected to continue, driven primarily by the COVID- 19 pandemic and pending US election. • All of Orora’s businesses continue to operate as essential service providers. • EBIT of the Australasian Beverage business is in li
Slide 21: Focus areas for FY21
Focus areas for FY21 Orora will: • maintain a safe and seamless approach to operating during COVID-19 • implement its refreshed strategy • Orora is targeting new opportunities that align with its best in class Beverage manufacturing businesses which continues to identify and implement cost reduction
Slide 22: Thank you
ML OR, RA mn w Thank you