Slide 1: Accelerated strategic growth empowered by people
Mpac Group plc FY24 Investor Presentation Accelerated strategic growth empowered by people We create faster, more efficient automation and packaging systems
Slide 2: Agenda
Agenda 3 About Mpac 11 2024 Results 16 Ambition & Strategy 21 Summary & Outlook 23 Appendices 2 Mpac Group plc 2024 Full Year Results
Slide 3: About Mpac
About Mpac 3 Mpac Group plc 2024 Full Year Results
Slide 4: Who we are
Who we are 2024 was a transformational year The Group again delivered on its for the Group, completing the expectations, delivering a 7% acquisitions of CSi Palletising, BCA revenue increase and a 49% and SIGA Vision. This significantly increase in pre-tax profit, with the enhances our customer offe
Slide 5: Mpac: creating & servicing superior automation and packaging machines globally
Mpac: creating & servicing superior automation and packaging machines globally Original Equipment (OE) manufacturing combined with compelling service offerings Sales by Sector (%) Food & Beverage Tadcaster Wijchen Breda Mississauga (UK) 43% (NL) (NL) (CA) 215 people 111 people 213 people 155 people
Slide 6: Mpac: A business model which wins and retains customers
Mpac: A business model which wins and retains customers “We channel limitless ingenuity to create and optimise whole line manufacturing ecosystems. Our world-class productivity helps our clients achieve more with less.” Consult Early customer engagement and buy-in using Mpac’s extensive know how and
Slide 7: Mpac: operating in highly attractive markets with significant growth opportunities
Mpac: operating in highly attractive markets with significant growth opportunities Attractive Market Growth Opportunities Product category Solutions Market value Huge Significant opportunities addressable for growth market Packaging Machinery > Personal healthcare $49.2bn* Competition Acquisition an
Slide 8: Mpac: has an attractive investment proposition to achieve a 5 year growth strategy
Mpac: has an attractive investment proposition to achieve a 5 year growth strategy Growth opportunities High quality earnings > F&B and Healthcare markets offer compelling growth opportunities > Expanding project pipeline with increasingly diverse customer base > Fuller line selling potential with t
Slide 9: Mpac: Successfully broadening our strategic key accounts
Mpac: Successfully broadening our strategic key accounts 73 OE orders won with 73 different customers >37% By value, >37% OE orders won with new customers £8m New customers included £8m of orders with 6 new strategic accounts 9 Mpac Group plc 2024 Full Year Results
Slide 10: Acquisition: CSi Palletising
Acquisition: Robotics, conveying and systems integration capabilities within sanitary, food processing and packaging sector. • CSi offers customers comprehensive end-of-line solutions (from case transport and conveying, to integrated palletising and pallet handling systems) • The Company specialises
Slide 11: Acquisition: BCA
Acquisition: Robotics, conveying and systems integration capabilities within sanitary, food processing and packaging sector. • Operates upstream of Mpac in the food processing and product handling segment of value chain • Increasing drive to automate customer lines – increasing labour costs and unre
Slide 12: 2024 results
2024 results 12 Mpac Group plc 2024 Full Year Results
Slide 13: Financial review: 2024 full year highlights
Financial review: 2024 full year highlights £119.7m £122.4m £118.5m 30.1% Order intake Revenue Order book Gross profit margin +1.0% (2023: £118.5m) +7.2% (2023: £114.2m) +63.4% (2023: £72.5m) +2.4pp (2023: 27.7%) £10.6m 35.2p £37.5m £0.4m Underlying profit before tax Underlying EPS Net Debt Working
Slide 14: Financial review: Group Income Statement (£m)
Financial review: Group Income Statement (£m) For the period to 31 December 2024 OE revenue (£m) Service revenue (£m) 14.0 2.9 -0.5 12.0 -1.7 3.6 10.6 91.2 -0.8 82.4 31.8 31.2 10.0 74.1 74.6 64.1 23.1 19.6 20.2 8.0 7.1 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 6.0 31.12.2024 31.12.2023 (£m)
Slide 15: Financial review: Balance sheet
Financial review: Balance sheet For the period to 31 December 2024 31.12.2024 31.12.2023 Commentary (£m) (£m) Change > Non-current assets include £117.4m of Intangible Non-current assets 178.1 67.9 149% assets, £16.0m of Tangible fixed assets, £39.4m of Pension assets and a £5.3m Deferred tax asset
Slide 16: Financial review: 2024 full year cash bridge (£m)
Financial review: 2024 full year cash bridge (£m) For the period to 31 December 2024 90.0 28.4 Commentary 80.0 > 2024 delivered another year of significant levels of order intake and machine deliveries, the timing of 70.0 which had a positive impact on working capital movements 60.0 38.5 > £35m borr
Slide 17: Ambition & Strategy
Ambition & Strategy 17 Mpac Group plc 2024 Full Year Results
Slide 18: Case study: Management restructure
Case study: Management restructure 2024 was a transformational year for Mpac and our people, doubling the size of the Group and accelerating progress to achieve our ambitious growth ambition. In response to the new Group structure, we broadened and strengthened our leadership team, aligning to our s
Slide 19: Mpac: Updated Five Year Ambition
Mpac: Updated Five Year Ambition Double Revenue Acquisitive Commercial >10% annual >10% Operating Operational People Growth synergies Organic Growth Returns Excellence Operational Retain and broaden excellence, and High quality, right- Fuller line Double technical Cross selling customer base, custom
Slide 20: Mpac: progress on Group strategy 2024
Mpac: progress on Group strategy 2024 Going for growth Outstanding customer service > Siga Vision acquisition expands our vision systems capabilities > Factored prospect pipeline +50% over PY following acquisition of and opportunities CSi and BCA. > Growth opportunity from enlarged combined install
Slide 21: Summary & Outlook
Summary & Outlook 21 Mpac Group plc 2024 Full Year Results
Slide 22: Summary 2024 and Outlook
Summary 2024 and Outlook 2024 highlights 2025 outlook > Completed the acquisitions of CSi Palletising, BCA and SIGA Vision > We began 2025 with an opening order book of £118.5m, 63% up on prior year, and our strongest ever order book. > Acquired businesses performing well and in line with expectatio
Slide 23: Appendices
Appendices 23 Mpac Group plc 2024 Full Year Results
Slide 24: Financial review: Group income statement
Financial review: Group income statement For the year to 31 December 2024 2024 2023 (£m) (£m) Change Commentary Revenue 122.4 114.2 7.2% > OE revenue growth driven by the Food & Beverage sector across the EMEA & Americas regions – Original Equipment 91.2 82.4 10.7% > Service revenue grew in all regi
Slide 25: Financial review: Group Balance Sheet (£m)
Financial review: Group Balance Sheet (£m) For the year to 31 December 2024 Inventory (£m) Working Capital (£m) 200.0 178.1 150.0 15.9 108.0 13.2 94.3 11.1 100.0 10.2 10.2 9.6 9.6 67.9 70.0 64.0 0.4 50.0 15.1 HY23 FY23 HY24 FY24 HY23 FY23 HY24 FY24 - Net pension asset (£m) Net Current Assets (£m) -1
Slide 26: 2024 Pension scheme
2024 Pension scheme UK Pension Scheme – IAS19 surplus UK scheme (£m) 350.0 > Accounting surplus £39.4m (2023: £32.2m) > Scheme surplus grew following the use of the latest mortality assumptions and above 300.0 forecast asset returns. > Liability matching programme continued to protect the scheme fro
Slide 27: Appendices: Summary Share Register
Appendices: Summary Share Register For the year to 31 December 2024 31 December 2024 Schroder Investment Management 4,335,000 Directors & Related Parties 2,261,356 Charles Stanley 2,197,561 Hargreaves Lansdown, stockbrokers (EO) 2,190,701 Interactive Investor (EO) 2,060,354 Fidelity International 1,
Slide 28: We create faster, more efficient automation and packaging systems
Mpac Group plc Station Estate Station Road Tadcaster North Yorkshire LS24 9SG Tel: +44 (0)2476 421100 Email: ho@mpac-group.com mpac-group.com We create faster, more efficient automation and packaging systems