Macfarlane Group Plc · LSE:MACF
Macfarlane — Shareholder Meeting (May 2026)
34 slides from Macfarlane's shareholder meeting presentation, May 2026
Slide 1: AGM Presentation
AGM Presentation May 2026
Slide 2: Agenda
Agenda • Macfarlane Group Introduction • Market Issues • Areas for Focus • Key Actions • Summary/Close
Slide 3: Our Purpose
Our Purpose Macfarlane Group designs, manufactures & distributes protective packaging to customers across the UK/Europe to: Ensure their Reduce their Optimise their Protect their products are working capital packaging to products through cost-effectively and minimise its the supply chain packed, sto
Slide 4: Protecting Products from a Wide Range of Industries
Protecting Products from a Wide Range of Industries Medical & Scientific Aerospace & Defence Biotechnology Aircraft components Medical devices Ejector seats Scientific equipment In-flight refuelling Imaging equipment systems Electronics General Industrial Automotive Electronic components components
Slide 5: Protecting a Diverse Range of Products in Retail
Protecting a Diverse Range of Products in Retail The way we look and feel Where we live Homeware Health & Beauty Furniture Gym Glassware Pharmaceuticals Plants Fashion Pets What we eat and drink How we work and play Phones Snacks Laptops Beer/Wine Bicycles Meal kits Scooters Fresh food Hobbies
Slide 6: Macfarlane Group Today
Macfarlane Group Today 20,000+ 9 Customers Countries 1,000+ 26,000+ Suppliers SKUs 1,200+ 50,000+ Employees Deliveries per month
Slide 7: Current Trading Environment
Current Trading Environment
Slide 8: The Voice of the Customer
The Voice of the Customer “Global tensions "Our objective is to "Demand risks and mean I need supply remove excess packaging costs pressures are real chain security” from the supply chain" challenges to my business" "Help us mitigate the impact of EPR on our overall costs" "Inflation in costs will m
Slide 9: Changing Market Dynamics
Changing Market Dynamics MACRO- CUSTOMERS SUPPLIERS ENVIRONMENT ECONOMICS Short-term decisions Consolidation in Input price pressure Increasing legislative Focus on cost the corrugate pressure to reduce reduction sector Slowing demand the amount of Security of supply packaging being Moves to private
Slide 10: Impact of Middle East Events
Impact of Middle East Events Macfarlane Group has no direct Middle East sourcing or Middle East based customers, but events are beginning to impact our suppliers and are creating issues we are addressing Direct Impact Potential Risks • Increase in fuel costs • Inflation reduces consumer demand • Sup
Slide 11: Responding to Market Changes
Responding to Market Changes Improving the Basics through business simplification and focus on core activities Focus Sales Development in most resilient market sectors Reduce Costs through improved operational efficiency and targeted overhead cost savings Refine Sourcing to reduce input pricing and
Slide 12: Improving the Basics
Improving the Basics Best Practice Programme to enhance return on sales Address Low Margin Customers through price/cost changes and packaging redesign Prioritise non-core business units Focus only on critical projects Greater emphasis on people development
Slide 13: Focus Sales Development
Focus Sales Development Allocate Resources to industrial markets Optimise Resources in retail markets New Strategic Account Sales Model to more effectively cross-sell our services
Slide 14: Cost Savings
Cost Savings Improve Efficiency of sales resource through differentiated service offering based on customer needs Reduce Costs through headcount reduction and elimination of non-value-added activities Site Rationalisation Programme as leases come up for renewal Reduction of local/regional suppliers
Slide 15: Pitreavie Recovery
Pitreavie Recovery Full Utilisation of new machine investment: • Protect existing customer relationships • Develop new business • Restart in-house supply to Macfarlane RDCs Implement both sourcing and operational synergies with Macfarlane
Slide 16: Momentum in Design & Manufacturing
Momentum in Design & Manufacturing Align with growing markets : • Aerospace • Defence • Medical • Space Strengthen the partnership with Macfarlane Distribution
Slide 17: Summary/Conclusions
Summary/Conclusions Macfarlane has a strong record of performance 2025 was a particularly disappointing year The markets we serve are becoming increasingly challenging Our immediate priority is to focus on profit recovery The opportunities to deliver further profitable growth remain strong
Slide 18: AGM May 2026
C XACT ARLANE GROUP AGM May 2026
Slide 19: Adopt the Directors' Report and the Accounts for 2025
Resolution 1 Adopt the Directors’ Report and the Accounts for the year ended 31st December 2025 Proxy Votes Lodged For/ Discretion: 83,526,068 Against: 77,939 Vote withheld: 98,641 Being 99.9% in favour 19
Slide 20: Approve Directors' Remuneration Report
Resolution 2 Approve Directors’ Remuneration Report Proxy Votes Lodged For/ Discretion: 81,163,088 Against: 2,400,415 Vote withheld: 139,145 Being 97.1% in favour 20
Slide 21: Declare a final dividend of 2.70p per share
Resolution 3 Declare a final dividend of 2.70p per share payable on 12th June 2026 Proxy Votes Lodged For/ Discretion: 83,566,895 Against: 29,144 Vote withheld: 106,609 Being 99.9% in favour 21
Slide 22: Re-elect Aleen Gulvanessian as a director
Resolution 4 Re-elect Aleen Gulvanessian as a director of the Company Proxy Votes Lodged For/ Discretion: 79,906,332 Against: 3,631,936 Vote withheld: 106,609 Being 95.7% in favour 22
Slide 23: Re-elect Peter D. Atkinson as a director
Resolution 5 Re-elect Peter D. Atkinson as a director of the Company Proxy Votes Lodged For/ Discretion: 83,430,631 Against: 129,447 Vote withheld: 142,570 Being 99.9% in favour 23
Slide 24: Re-elect Ivor Gray as a director
Resolution 6 Re-elect Ivor Gray as a director of the Company Proxy Votes Lodged For/ Discretion: 83,450,713 Against: 107,555 Vote withheld: 144,380 Being 99.9% in favour 24
Slide 25: Re-elect James W. F. Baird as a director
Resolution 7 Re-elect James W. F. Baird as a director of the Company Proxy Votes Lodged For/ Discretion: 82,484,197 Against: 1,072,789 Vote withheld: 145,662 Being 98.7% in favour 25
Slide 26: Re-elect Laura Whyte as a director
Resolution 8 Re-elect Laura Whyte as a director of the Company Proxy Votes Lodged For/ Discretion: 82,735,270 Against: 827,706 Vote withheld: 139,672 Being 99.0% in favour 26
Slide 27: Re-elect David Stirling as a director
Resolution 9 Re-elect David Stirling as a director of the Company Proxy Votes Lodged For/ Discretion: 82,756,839 Against: 803,620 Vote withheld: 142,189 Being 99.0% in favour 27
Slide 28: Re-appoint Deloitte LLP as auditors
Resolution 10 Re-appoint Deloitte LLP as auditors Proxy Votes Lodged For/ Discretion: 83,161,966 Against: 187,635 Vote withheld: 353,047 Being 99.8% in favour 28
Slide 29: Authorise directors to determine auditors' remuneration
Resolution 11 Authorise directors to determine the remuneration of the auditors Proxy Votes Lodged For/ Discretion: 83,450,065 Against: 142,198 Vote withheld: 110,385 Being 99.8% in favour 29
Slide 30: Authorise directors to allot shares
Resolution 12 Authorise directors to allot shares Proxy Votes Lodged For/ Discretion: 80,496,596 Against: 434,995 Vote withheld: 2,771,057 Being 99.4% in favour 30
Slide 31: Authorise allotment of shares disapplying pre-emption (general authority)
Special Resolution 13 Authorise directors to allot shares up to an aggregate nominal amount of £1,960,456 as if Section 561 of the Companies Act did not apply (general authority) Proxy Votes Lodged For/ Discretion: 77,996,566 Against: 2,930,149 Vote withheld: 2,775,933 Being 96.4% in favour 31
Slide 32: Authorise allotment of shares disapplying pre-emption (specific authority)
Special Resolution 14 Authorise directors to allot shares up to an aggregate nominal amount of £1,960,456 as if Section 561 of the Companies Act did not apply (specific authority) Proxy Votes Lodged For/ Discretion: 78,007,112 Against: 2,915,859 Vote withheld: 2,779,677 Being 96.4% in favour 32
Slide 33: Authorise company to re-purchase its own shares
Special Resolution 15 Authorise company to re-purchase its own shares, up to a maximum of 15,683,649 shares (10% of shares outstanding) Proxy Votes Lodged For/ Discretion: 81,511,020 Against: 2,085,508 Vote withheld: 106,120 Being 97.5% in favour 33
Slide 34: AGM May 2026
C XACT ARLANE GROUP AGM May 2026