Pro-pac Packaging Ltd · ASX:PPG

Pro-pac Packaging — Shareholder Meeting (November 2020)

21 slides from Pro-pac Packaging's shareholder meeting presentation, Nov 26, 2020

  1. Slide 1: Pro-Pac Packaging Limited Annual General Meeting

    PRO-PAC PACKAGING LIMITED ANNUAL GENERAL MEETING 26 November 2020 ASX: PPG

  2. Slide 2: Disclaimer

    DISCLAIMER Company announcements and presentations can contain forward looking statements. This Presentation contains the summary information about the current activities of Pro-Pac Packaging Limited and its controlled entities (PPG). It should be read in conjunction with PPG’s other periodic and co

  3. Slide 3: Chairman's Address

    CHAIRMAN’S ADDRESS Jonathan Ling, Chairman

  4. Slide 4: Questions

    | Questions To ask a Question If you would like to ask a question: 1. Select the question icon Ltt ( 2. Compose your question. Ee 3. Select the sendicon & 4. Youwillreceiveconfirmationthat your zz question has beenreceived. The Chair will give all Shareholders a reasonable opportunity to ask questio

  5. Slide 5: Voting

    | Voting To Vote If you would like to cast a vote: 1. When the Chair declares the polls open, the resolutions ( a \ = > and voting choices will appear a 2. Press the option corresponding with the way in which = eae! (I a you wish to vote. seen ey Adcpion of Ramunerton 3. Once the option has been sel

  6. Slide 6: Chief Executive Officer's Address

    CHIEF EXECUTIVE OFFICER’S ADDRESS Tim Welsh, CEO and MD

  7. Slide 7: FY20 Results & Highlights

    FY20 Results & Highlights FY20 saw management drive considerable improvement in all key operating & financial metrics, building a platform for further improvement and future growth Zero Harm Journey Embedding the Team Net Profit after Tax  LTIFR down 14.1% $6.6m up $158.0m to 6.9 (FY19: loss of $15

  8. Slide 8: Strategy

    Strategy • Growth – Tama Group transaction – Industrial division – Organic and acquisitive growth • Operational excellence – Chester Hill project – ERP project • Product innovation and sustainability – Head of Innovation Management – Duratrack

  9. Slide 9: Business Outlook

    Business Outlook • Positive momentum from FY20 has carried forward into FY21 • We expect our 1H21 Profit Before Tax result to be better than last year (1H20: $8.8m) • Profit Before Tax to be the ongoing reporting metric • COVID-19 o broader macroeconomic conditions remain uncertain o ongoing global

  10. Slide 10: 1. Financial Report

    1. Financial Report • To receive and consider the Financial Report of the Company and of the Consolidated Entity for the year ended 30 June 2020 and the Reports Directors’ and Auditor’s thereon.

  11. Slide 11: 2. Remuneration Report

    2. Remuneration Report Non Binding Advisory Resolution • To receive, consider and adopt the Remuneration Report of the Company and Consolidated Entity for the year ended 30 June 2020. FOR AGAINST PROXY’S DISCRETION ABSTAIN 587,048,315 2,381,657 460,045 194,000 99.52% 0.4% 0.08%

  12. Slide 12: 3. Director Election - Darren Brown

    3. Director Election- Darren Brown FOR AGAINST PROXY’S DISCRETION ABSTAIN 587,943,014 577,452 530,045 1,735,644 99.81% 0.10% 0.09%

  13. Slide 13: 4. Director Election - Leonie Valentine

    4. Director Election- Leonie Valentine FOR AGAINST PROXY’S DISCRETION ABSTAIN 588,024,391 1,198,213 530,045 1,033,506 99.71% 0.20% 0.09%

  14. Slide 14: 5. Increase Placement Capacity

    5. Increase Placement Capacity FOR AGAINST PROXY’S DISCRETION ABSTAIN 586,450,267 3,415,493 500,045 420,350 99.34% 0.58% 0.08%

  15. Slide 15: 6. Increase annual limit for Directors' fees

    6. Increase annual limit for Directors' fees FOR AGAINST PROXY’S DISCRETION ABSTAIN 584,503,033 5,004,939 460,045 818,138 99.07% 0.85% 0.08%

  16. Slide 16: 7. Issue of Performance rights to Tim Welsh

    7. Issue of Performance rights to Tim Welsh FOR AGAINST PROXY’S DISCRETION ABSTAIN 586,661,701 2,465,705 435,301 521,310 99.51% 0.42% 0.07%

  17. Slide 17: Thank You

    Thank You Page 16

  18. Slide 18: Appendices

    Appendices Page 17

  19. Slide 19: Reconciliations

    18 Reconciliations Reconciliation to Gearing* Post- Adopt Pre- A$ millions AASB 16 AASB 16 AASB 16 FY20 FY20 FY20 FY19 Change EBITDA* 46.4 14.0 32.4 28.1 4.3 Add: unconsolidated LTM EBITDA from - - - 1.2 (1.2) acquisitions^ Adjusted EBITDA* 46.4 14.0 32.4 29.3 3.1 Bank loans 66.5 - 66.5 100.1 (33.6)

  20. Slide 20: Reconciliations

    19 Reconciliations Reconciliation to PBT*, EBIT* & EBITDA* Post- Adopt Pre- AASB 16 AASB 16 AASB 16 A$ millions FY20 FY20 FY20 FY19 Change Profit/(loss) before tax 9.4 (2.9) 12.4 (152.7) 165.0 Add: significant items 5.0 - 5.0 163.3 (158.3) PBT* 14.4 (2.9) 17.4 10.7 6.7 Add: finance costs 11.8 5.9 5.

  21. Slide 21: Definitions of IFRS & Non-IFRS Financial Measures

    20 Pro-Pac Packaging Limited: Annual General Meeting Definitions of IFRS & Non-IFRS Financial Measures FY17 means the year ended 30 June 2017 FY18 means the year ended 30 June 2018 FY19 means the year ended 30 June 2019 FY20 means the year ended 30 June 2020 Adjusted EBITDA means EBITDA, plus any un

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