Robinson Plc · LSE:RBN
Robinson — Shareholder Meeting (May 2025)
31 slides from Robinson's shareholder meeting presentation, May 22, 2025
Slide 1: Annual general meeting 2025
Annual general meeting 2025
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"). Reliance
Slide 3: Board team
Board team Alan Raleigh – Non-executive Chairman Guy Robinson – Non-executive Director John Melia – Chief Executive Officer Sara Halton – Senior Independent Director Mike Cusick – Chief Financial Officer 3
Slide 4: Agenda and Resolutions
Agenda • Welcome and housekeeping • Notice of meeting • Chairman’s Report – Alan Raleigh • Independent Auditor’s Report • AGM trading statement Resolutions • Our year in review • Robinson CEO – John Melia 1. To receive the report of the Directors and the audited financial • About me statements for t
Slide 5: Alan Raleigh – Chairman
Alan Raleigh – Chairman 5
Slide 6: Independent Auditor's report
Independent Auditor’s report Opinion “We have audited the financial statements of Robinson PLC (the ‘parent Company’) and its subsidiaries (the ‘Group’) for the year ended 31 December 2024 which comprise group income statement and statement of comprehensive income, the group and company statement of
Slide 7: AGM trading statement
AGM trading statement Current trading Sales volumes in the first four months of the year are 1% above the same period in 2024. Including the effect of sales price and foreign exchange movements, Group revenue is 3% above the same period in 2024. Sales volume in the UK business in the year to date ha
Slide 8: AGM trading statement (continued)
AGM trading statement (continued) Net debt Net debt at 30 April 2025 increased to £7.3m (31 December 2024: £5.9m), including £1.5m of capital expenditure. Outlook Our close partnerships with major FMCG customers have generated an improved sales pipeline, and our strategy of widening this blue-chip c
Slide 9: Our year in review
Our year in review * Operating profit before other items Source: Company financial reports Sales increased to Gross margin increased Underlying EBIT* £56.4m to 20% increased to £3.2m O (2023: £49.7m) (2023: 19%) O (2023: £2.2m) £4.5m invested in net Proposed full year Progress on disposal of capital
Slide 10: Robinson share price
Robinson share price • Reviewed share price performance with broker • Delivering further improved financial performance remains critical • Develop demand from potential new holders • Share price still potentially undervalues the Company 10 Source: Factset as at 9 April 2025
Slide 11: John Melia – CEO
John Melia – CEO 11
Slide 12: About Me
About Me • Grew up in Northwich, Cheshire • Live on a farm near Chester with my family o Kay, James, Edward & Milo • Master’s degree in Chemical Engineering from St John’s College, Cambridge University • 25 years in the chemical industry o ICI, Brunner Mond, Tata Chemicals, British Salt o 3 years li
Slide 13: About Robinson
About Robinson Why Robinson? • Strong manufacturing heritage • Ambition of Robinson Board for growth • Company values First impressions • Loyal and committed workforce • Customers find us easy to work with • Examples of good operational practice Future focus • Evolve and refresh the Group strategy •
Slide 14: Building momentum
Building momentum
Slide 15: Underlying Group performance
Underlying Group performance Underlying Underlying operating operating Revenue Revenue profit* profit* £'000 2024 2023 2024 2023 Poland 20,924 18,259 3,107 2,147 UK plastics 18,690 17,647 1,347 810 Denmark 13,565 11,514 (671) (109) Paperbox 3,231 2,251 99 (310) Head office - - (686) (328) Group 56,4
Slide 16: Poland
Poland £'000 2024 2023 • Sales volumes +18% (+3% in 2023) Revenue 20,924 18,259 Underlying operating profit* 3,107 2,147 • New projects with: Underlying operating profit margin** 14.8% 11.8% Capital expenditure 1,787 1,338 • major food-sector brand owner • fast-growing own label producer in home and
Slide 17: UK Plastics
UK Plastics £'000 2024 2023 Revenue 18,690 17,647 • Sales volumes +5% (–15% in 2023) Underlying operating profit* 1,347 810 • Benefit from new business projects won in previous Underlying operating profit margin** 7.2% 4.6% Capital expenditure 1,720 359 12 months • Doubled capacity for PET bottle pr
Slide 18: Denmark
Denmark • Sales volumes +19% (-6.5% in 2023) £'000 2024 2023 Revenue 13,565 11,514 • 60%+ of polymer from post-consumer recycled sources Underlying operating profit* (671) (109) Underlying operating profit margin** -4.9% -0.9% • Operating loss due to large project start-up issues: Capital expenditur
Slide 19: Paperbox
Paperbox £'000 2024 2023 • Sales volumes +44% (+22% in 2023), despite flood Revenue 3,231 2,251 Underlying operating profit* 99 (310) recovery Underlying operating profit margin** 3.1% -13.8% Capital expenditure 158 4 • Outsourced production to retain order book • Attracted and retained large new cu
Slide 20: Importance of sustainability
Importance of sustainability Robinson values and the Major customers and Environmental legislation Investors and banks – circular economy their own goals and penalties access to capital Progress: What’s next: • Zero waste to landfill • Drive further recycled material content • 100% recyclable produc
Slide 21: Financial performance
Financial performance ike Cusick — CFO
Slide 22: 5-year financial summary
5-year financial summary Sales (£m) Gross Margin % Gross Profit (£m) 56.4 25.0 23.0 1,895 2,000 1,776 50.5 49.7 20.5 11.5 46.0 19.4 20.0 17.3 17.0 1,500 9.6 37.2 Avg. 8.8 1,448 1,496 8.6 HPP 15.0 7.8 Price 1,000 1,137 €/t 10.0 500 Underlying 5.0 +8% -5% -10% -6% +14% Volume 0.0 0 2020 2021 2022 2023
Slide 23: Other items
Other items £’000 2024 2023 Underlying operating profit* 3,195 2,211 (Loss)/profit on disposal of land and buildings - (25) We have excluded Pension related costs (3,725) (313) Amortisation of intangible assets (607) (990) these other items Impairment of intangible assets and goodwill (1,742) - to g
Slide 24: Summary and outlook
Summary and outlook
Slide 25: Outlook
Outlook Committed to delivering above-market profitable growth and 6-8% underlying operating profit margin • Expect underlying operating profit* to be ahead of 2024 and in line with market expectations • Close partnerships with customers have led to strong sales pipeline for 2025 • Continue to drive
Slide 26: Alan Raleigh – Chairman
Alan Raleigh – Chairman 26
Slide 27: Q&A – Any Questions?
Q&A Any Questions? 27
Slide 28: Resolutions
Resolutions Alan Raleigh — Chairman
Slide 29: Resolutions
Resolutions 1. To receive the report of the Directors and the audited financial statements for the year ended 31 December 2024 2. To declare a final dividend of 3.5p per ordinary share 3. To reappoint John Melia as a Director of the company 4. To reappoint Guy Robinson as a Director of the company 5
Slide 30: Thank you for attending
Thank you for attending • Any further questions to agm@robinsonpackaging.com 30
Slide 31: Together since 1839