Robinson Plc · LSE:RBN
Robinson — Shareholder Meeting (June 2021)
27 slides from Robinson's shareholder meeting presentation, Jun 24, 2021
Slide 1: Annual general meeting 2021
Annual general meeting 2021 ROBINSON
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: Board team
Board team Alan Raleigh - Non-executive Chairman Helene Roberts - Chief Executive Guy Robinson - Property DI Mike Cusick — Finance Anthony Glossop - Non-executive Director Sara Halton - S Independent
Slide 4: Agenda
Agenda . Notice of meeting Resolutions — Alan Raleigh Audit and risk committee - Sara Halton * Auditor's Report Business Overview - Alan Raleigh * Our year in review «+ AGM trading statement Developing our strategy — Helene Roberts * Strategic framework * Sustainability pledge * Non-financial KPls +
Slide 5: Resolutions
Resolut OMS Alan Raleigh - Chairman Sara Halton - Senior Independent Director
Slide 6: Resolutions
Resolutions 1. To receive and adopt the report of the directors and the audited financial statements for the year ended 31 December 2020 2. To declare a final dividend of 3.09 per ordinary share 3. To re-elect Alan Raleigh as a director of the company 4. To re-elect Helene Roberts as a director of t
Slide 7: Sara Halton - Senior independent director
Sara Halton - Senior independent director
Slide 8: Auditor's report
Auditor’s report “In our opinion, the financial statements give a true and fair view” Source: Company financial reports
Slide 9: Business overview
BUSINESS OVervieLW Alan Raleigh - Chairman
Slide 10: Our year in review
Our year in review 1 Sales increased to £37.2M (2019: £35.41) Pest year oD) acquisition of Schela Plast | cM ae £4.6m invested innet Dividend paid_in.the capital exoenditure year 5.50 &) (2019: 5.59) £ @019: £1.7m) * Operating profit before ex ** Net debt excluding operating leas Source: Company fin
Slide 11: AGM trading statement
AGM trading statement Current trading “As we indicated in the 2020 full year results, published in March, sharp increases in resin prices, together with some lack of availability, have created volatility in 2021. As a result, margins to date are reduced. Since 1 January the market price of resins us
Slide 12: AGM trading statement (continued)
AGM trading statement (continued) Schela Plast acquisition The acquisition of Schela Plast A/S, a specialist in the design and manufacture of blow moulded containers, based in Denmark, was completed on 10 February 2021. The integration with the Robinson Group is progressing well. In common with our
Slide 13: Developing our strategy
Developing our strategy Qg
Slide 14: Strategic framework
14 Strategic framework Our strategic priorities Accountable and inclusive governance Robinson fs aware of Its corporate socal responsibilities and the need to maintain bbalanced relationships with its shareholders, ‘and cther stakeholders, Going above and beyond to create a sustainable future for ou
Slide 15: Guiding our sustainability journey
Guiding our sustainability journey 15 ROBINSON Going above and beyond for people and planet Ge, "ati ser "9 Sustainable products’ 20d # Intelligence We want our people to thrive, enabling our team to reach their potent a culture that priori ises health and wellbeing. We will extract maximum value fr
Slide 16: Measuring performance
Measuring performance @@® Lost time accidents 21 per 100 employees 7° 2020 Goal 0% @® Gender diversity (total females) (@ Post-consumer @ recycled content @ Recycled plastic consumed © Total plastic consumed @ Waste to landfill (@ GHG intensity 16 (carbon emissions)
Slide 17: Principal risks
Principal risks Raw material supply - disruption may cause inability to meet sales demand Environment — business impact resulting from climate change Plastics legislation — may increase costs and fees, could impact demand @ Denotes increased risk 17 @ Acauisition integration @ Customer relationshios
Slide 18: Schela Plast acquisition
* Completed February 2021 * Specialist in the design and manufacture of plastic blow moulded containers in Denmark * Complementary market sectors to those served by Robinson * Expands geographic reach and creates sales opportunities with new and existing Robinson customers * Morten Jeppesen, the cur
Slide 19: Mike Cusick - Finance Director
Mike Cusick — Finance Director 19
Slide 20: Financial performance 2015-2020
Sales (£m) Gross Margin % Adj. Operating Profit* (£m) 37.2 3.2 35.1 32.8 24.0 29.8 22.8 23.0 2.7 29.1 27.5 21.4 2.5 19.4 17.9 2.1 1.5 1.3 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020 Adj. Operating Margin** % Earnings per share (p) Net debt*** (£m) 10.9 8
Slide 21: Pension fund
Pension fund Defined benefit pension plan Closed to new entrants in 1997 Assets £67m at end of 2020 (2019: £66m) IAS 19 surplus at 31 Dec of £9.3m (2019: £10.5m) Escrow account has £3.1m - £2.7m loaned to Company Intention to buy-out when market conditions allow Triennial actuarial valuation complet
Slide 22: Surplus property
Surolus oroeerty Guy Robinson - Property Director
Slide 23: Surplus property
Surplus property Increase cash reserves for reinvestment Surplus properties * Book value £4m (valued end of 2008) * Current gross rental income £0.3m per annum * Agreed to sell, subject to contract, two thirds of Boythorpe for gross value of £3.4m (book value <£1m) Development sites * Walton Works (
Slide 24: Helene Roberts - CEO
Helene Roberts – CEO 24
Slide 25: Summary and outlook
Summary and outlook Full year 2020 * Strong financial results despite significant challenges * Covid-19 impact marginally beneficial to revenue and profit * Investment in capabilities in manufacturing, sales, marketing and sustainability * Rebranded, developed purpose and values, improved governance
Slide 26: That's all folks
That’s all folks * Thank you for attending this AGM in unusual circumstances * Plans for investor events when Covid-19 conditions allow * Any further questions to agm@robinsonpackaging.com 26
Slide 27: Together since 1839