Slide 1: Investor Presentation: Sale of Advent shares
Investor Presentation Sale of Advent shares April 2018
Slide 2: Disclaimer
Disclaimer Some of the statements in this presentation constitute “forward-looking statements” that do not directly or exclusively relate to historical facts. These forward-looking statements reflect Pro-Pac Packaging Limited’s current intentions, plans, expectations, assumptions and beliefs about f
Slide 3: Transaction Summary
Transaction Summary • Advent is offering to sell 59.6m PPG shares to new and existing investors (Sale Shares) at $0.38 per share • Bennamon Pty Ltd (Bennamon) is offering to purchase a minimum of 23.1m Sale Shares and any shares not taken up by other investors at $0.38 per share • The Sale Shares ar
Slide 4: Outlook
Outlook 1. PPG Group EBITDA • Integration synergies for FY19 are ahead of (millions) schedule and will underpin a solid FY19 $40.0 performance $35.0 $38.0 $34.0 • PPG calendar year underlying annualised pro $30.0 $30.3 -$35.0 $25.0 $28.0 forma CY18 EBITDA remains on track for $20.0 $38m $15.0 • Core
Slide 5: Bookbuild and Indicative Timetable
Bookbuild and Indicative Timetable • Bell Potter will arrange a bookbuild of Advent’s Sale Shares in PPG at $0.38 per share • Bennamon is offering to purchase a minimum of 23.1m Sale Shares and any shares not taken up by other investors at $0.38 per share Event Date/Time (AEST) Bookbuild opens 2 May
Slide 6: Pro-Pac: An Industry Leader
PRO-PAC AN INDUSTRY LEADER Page 6
Slide 7: Merger - overview
Merger - overview The merger between IPG and PPG was Distribution completed on 6 November, 2017 The two businesses now operating under a single management structure, realisation of synergies is well underway PPG now an industry-leading integrated manufacturer and distributor of industrial Manu
Slide 8: New PPG Group
New PPG Group PPG’s strategy is to become market leader in the high growth industrial & flexible packaging segment A diversified distribution company, providing innovative, industrial, flexible ~ ~ and rigid packaging solutions for a group of blue chip clients and a broad range of SME Services F
Slide 9: Australian Packaging Industry Overview
Australian Packaging Industry Overview Pro-Pac is a leading player in the $2.2 billion Flexible Packaging segment Australian Packaging A$20-22 billion1 Flexible Packaging Fibre Packaging Metal Packaging Other Packaging ~$2.2 billion1 The Combined Group will be a segment leader across The Combine
Slide 10: Growth opportunities in Flexible Packaging
Growth opportunities in Flexible Packaging PPG’s future growth will largely be driven by the flexibles market: Demand expected to grow 47% over next 10 years (CAGR 4%)1. Underpinned by favourable consumer trends: Shift towards convenience packaging particularly (eg. pre-sliced carrots in bags)
Slide 11: Strategy for Growth
Strategy for Growth Post merger, PPG is a vertically integrated industry leader in industrial & flexible packaging Strong platform Target resilient Extended capability; Market for growth sectors greater efficiency consolidation • Flexible & Industrial • Key market sectors • Combination of PPG’s • Op
Slide 12: PPG Shareholder value creation
PPG Shareholder value creation Page 12
Slide 13: Thank You
Thank You Pro-Pac Packaging (Aust) Pty Ltd Building 1, 147-151 Newton Road Wetherill Park, NSW, 2164 T: (02) 8781 0500 F: (02) 8781 0599 www.ppgaust.com.au Page 13