Ccl Industries Inc. Class A · TSX:CCL.A
Ccl Industries Inc. Class A — Investor Day (December 2023)
97 slides from Ccl Industries Inc. Class A's investor day presentation, Dec 13, 2023
Slide 1: Investor Day
Investor Day December 13, 2023
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking information and forward-looking statements (hereinafter collectively referred to as “forward-looking statements”), as defined under applicable securities laws, that involve a number of risks and uncertainties. Forward-looking statements include a
Slide 3: Welcome
Investor Day Welcome Geoffrey T. Martin President & Chief Executive Officer 3 Investor Day - December 13, 2023
Slide 4: CCL Industries
CCL Industries 25,300 205 43 6 Employees Production Facilities Countries Continents North America Europe Emerging Markets 43% 29% 28% of total sales of total sales of total sales 4 Investor Day - December 13, 2023
Slide 5: CCL Operates Four Distinct Business Segments
CCL Operates Four Distinct Business Segments LTM Sales as at Sept. 30, 2023 LTM EBITDA1 as at Sept. 30, 2023 (millions of CDN $) (millions of CDN $) CCL CCL $4,020 | 61% $863 | 64% Avery Avery $1,038 | 16% $237 | 17% Checkpoint $6.57B Checkpoint $1.36B $854 | 13% $169 | 12% Innovia Innovia $663 | 10
Slide 6: 72 Acquisitions Since 2009
72 Acquisitions Since 2009 $1,188 50.0% An Investment of ~$4.4B 45.0% (millions of CDN $) 40.0% 35.0% $675 30.0% Innovia $535 25.0% 20.0% Checkpoint $371 $363 $345.2 14.1% 14.0% $309 15.0% 15.4% 15.9% 11.3% 11.9% $248 Avery 10.8% Adelbras Faubel 9.5% Worldmark 8.3% 11.9% Treofan $187 12.5% 11.8% 10.
Slide 7: CCL Everywhere, Every Day
CCL Everywhere, Every Day 7 Investor Day - December 13, 2023
Slide 8: Leadership Presenting: Average Tenure 24 Years
Leadership Presenting: Average Tenure 24 Years Geoffrey T. Martin Sean P. Washchuk Ben Rubino Eric Frantz President & Senior Vice President President, Group Vice President, Chief Executive & Chief Financial Home & Personal Home & Personal Care, Officer Officer Care North America Lee Pretsell Reinhar
Slide 9: Leadership Team
Leadership Team Lalitha Vaidyanathan Mark McClendon Da Gang Li Lorien Sacilotto Senior Vice President, Vice President & Group Vice President, Vice President IT, Finance-IT-Human General Counsel CCL Industries CCL Industries Resources Greater China North America Suzana Furtado Jamil Suleman Günther B
Slide 10: Investor Day Agenda
Investor Day Agenda Welcome & 8:00 AM - 8:05 AM Geoffrey Martin, President & Avery 10:25 AM - 10:45 AM Mark Cooper, President, Introduction Chief Executive Officer Avery & METO Home & 8:05 AM - 8:25 AM Ben Rubino, President, Checkpoint 10:50 AM - 11:10 AM Ben Lilienthal, President, Personal Care Hom
Slide 11: Home & Personal Care
Investor Day Home & Personal Care Ben Rubino Eric Frantz President, Group Vice President, Home & Personal Care Home & Personal Care, North America 11 Investor Day - December 13, 2023
Slide 12: CCL Home & Personal Care A Global Business: $1.2 Billion in Sales
CCL Home & Personal Care A Global Business: $1.2 Billion in Sales 19 Label 4 Tube 4 Container Category leader North America Latin America Europe Asia with 27 manufacturing 5 Label 3 Label 4 Label + JVs 7 Label facilities 4 Tube 2 Container (2) Container / Slug 12 Investor Day - December 13, 2023
Slide 13: 3 Businesses Serving A Common Customer
3 Businesses Serving A Common Customer Label Tube Container • Global footprint • North American footprint • North American footprint • Largest division • Focus on premium • Vertically integrated “extruded” Tubes • Strong synergies with Label 13 Investor Day - December 13, 2023
Slide 14: Customers With A Global Profile
Customers With A Global Profile 14 Investor Day - December 13, 2023
Slide 15: CCL Supply Chain Management: All About EXECUTION
CCL Supply Chain Management: All About EXECUTION BUY MAKE MOVE STORE SELL! Produce to Demand Costs Inventory Speed Operations Sales to Market flexibility Reduce Increase them Reduce it Increase it Improve it them 15 Investor Day - December 13, 2023
Slide 16: CCL Home & Personal Care Growth for a Sustainable Future
CCL Home & Personal Care Growth for a Sustainable Future CCL is a global Industry Leader for sustainable Tube innovations since 2005 Over 1 billion sustainable tubes produced for the personal care market In excess of 600,000 lbs of post-consumer resin (PCR) consumed in 2023 Today’s production of PCR
Slide 17: How We Intend to Grow From Here
How We Intend to Grow From Here Enhance global and regional 1 relationships with our largest customers Make customer driven investments 2 to enhance capacity and premiumization capabilities Continue to develop sustainable 3 solutions without sacrificing performance 4 Maintain supply chain excellence
Slide 18: Home & Personal Care Q&A
Investor Day Home & Personal Care Q&A 18 Investor Day - December 13, 2023
Slide 19: Healthcare & Specialty
Investor Day Healthcare & Specialty Lee Pretsell Group Vice President, Healthcare & Specialty 19 Investor Day - December 13, 2023
Slide 20: Healthcare & Specialty Address Very Large End Markets
Healthcare & Specialty Address Very Large End Markets SECONDARY Pharmaceutical Packaging Market Size PRIMARY Healthcare and Specialty ~$6.5B Packaging Market Size CAGR of 9.7% ~$250B SECONDARY Agricultural Packaging Market Size ~$380M Y/Y Growth Rate of 5.8% Source: Precedence Research 20 Investor D
Slide 21: CCL Healthcare At a Glance: $0.8 Billion in Sales
CCL Healthcare At a Glance: $0.8 Billion in Sales Global Market Share Estimates Strong Customer Relationships 29 By Region Healthcare North Facilities America 20% Latin America 16% Europe 13% APAC 8% By Product Clinical 45% Label 21% Literature 17% Carton <1% 21 Investor Day - December 13, 2023
Slide 22: Healthcare Market Growth Drivers
Healthcare Market Growth Drivers Growing Incidence Potential New Product Lines of Chronic Disease • Diabetes 1 Clinical Trials Labeling • Obesity/Weight loss • Autoimmune therapies 2 Patient Information Leaflets • Vaccines • Respiratory 3 Label Innovation • Oncology • Cardiovascular 4 Digital Foldin
Slide 23: CCL Specialty At a Glance: $0.2 Billion in Sales
CCL Specialty At a Glance: $0.2 Billion in Sales CCL Global Market Share Serving Global Companies 8 Specialty Facilities ~30-35% By Region North America 40% Latin Operates America 30% regional facilities in the Americas Europe 25% and Europe APAC <5% 23 Investor Day - December 13, 2023
Slide 24: Margin Expansion Opportunities
Margin Expansion Opportunities Healthcare Margin Specialty Margin Healthcare & Specialty Profile Profile Margin Profile Significantly Significantly Significantly Above Average Above Average Above Average Growth Opportunities Growth Opportunities Growth Opportunities Well Well Above Above Average Ave
Slide 25: Competitive Advantages
Competitive Advantages 25 Investor Day - December 13, 2023
Slide 26: CCL Healthcare & Specialty Path Forward
CCL Healthcare & Specialty Path Forward 26 Investor Day - December 13, 2023
Slide 27: Healthcare & Specialty Q&A
Investor Day Healthcare & Specialty Q&A 27 Investor Day - December 13, 2023
Slide 28: Food & Beverage
Investor Day Food & Beverage Reinhard Streit Vice President & Managing Director, Food & Beverage Europe 28 Investor Day - December 13, 2023
Slide 29: CCL Global Food & Beverage: A $1 Billion Business
CCL Global Food & Beverage: A $1 Billion* Business In-mould, Closures & Shrink Sleeves PSL Beverage Wine & Spirits Pouches 40% 30% 15% 15% of Global of Global of Global of Global Business Share Business Share Business Share Business Share * F2023 forecast 29 Investor Day - December 13, 2023
Slide 30: CCL Food & Beverage Global Footprint
CCL Food & Beverage Global Footprint 43% 24% EK NS CF DU KL ME PZ HZ MY TR VM PO SF CH DO 7% IS SO CS RV CH SO CL HE MX BK CA HC 19% 3% SA VH JO 4% CR GF BA BV SY 30 Investor Day - December 13, 2023
Slide 31: CCL Food & Beverage Growth Drivers
CCL Food & Beverage Growth Drivers 1 Strategic focus on sustainability 2 Operational execution 3 Value engineering Cross-over divisional technology 4 exchange and development Partnering with key industry stakeholders 5 to meet the Recycling Guidelines 31 Investor Day - December 13, 2023
Slide 32: EcoFloat WashOff
EcoFloat WashOff Shrink Sleeve that enables bottle-to-bottle Ideal solution for returnable/refillable recycling of PET bottles. bottles. Sustainable Fast & clean label removal Bottle-to-bottle recycling Enables reuse of bottles Supply assurance 32 Investor Day - December 13, 2023
Slide 33: Pouches In-mould Labels (IML)
Pouches In-mould Labels (IML) Flexible packaging with high product safety, In-mould labels are printed decorations fused into consumer friendly and sustainable. plastic products during moulding. New growth platform with significant IML growing expansion opportunities worldwide Expanded product range
Slide 34: Food & Beverage Q&A
Investor Day Food & Beverage Q&A 34 Investor Day - December 13, 2023
Slide 35: CCL Design
Investor Day CCL Design Derek Cumming Group Vice President, CCL Design 35 Investor Day - December 13, 2023
Slide 36: CCL Design: $0.9 Billion in Sales
CCL Design: $0.9 Billion in Sales Electronics Automotive Industrial 36 Investor Day - December 13, 2023
Slide 37: Highly Engineered Design Solutions
Highly Engineered Design Solutions Trusted global partner to world’s largest brands from design to manufacture Highly vertically integrated business underpinned by materials science and chemistry In house coating and materials capabilities enables highly customized products Growth strategy driven by
Slide 38: Global Footprint with World-class Infrastructure
Global Footprint with World-class Infrastructure 32 Manufacturing Locations 7 Design & Technical Centers Manufacturing & Design Locations Design & Technical Centers Manufacturing Locations 38 Investor Day - December 13, 2023
Slide 39: Key CCL Design Products
Key CCL Design Products • Durable Labels & Graphic Overlays • Smart & Intelligent Labels • Printed Electronics & Human Machine Interface (HMI) Assemblies • Precision Die-Cuts • Tread Plates • In-mould Decorated Plastic Components & Assemblies • Decorative & Hard Coated Overlays, Trim and LCD Covers
Slide 40: Core Manufacturing Competencies
Core Manufacturing Competencies • Printing • Functional Coating • Optically Clear Coating • Physical Vapor Deposition Coating • Die-Cutting • Routing • Laser Cutting • Injection Molding • 3D Forming • Clean Room Manufacturing • Automation • Assembly 40 Investor Day - December 13, 2023
Slide 41: Materials Science & In House Coatings
Materials Science & In House Coatings • Global team of scientists across 7 Design & Technical Centers • In house development and manufacturing of coated materials enables customization of products • Supports effective design engagement • Rapid prototyping of new design concepts • Effective presentat
Slide 42: Sustainability at CCL Design
Sustainability at CCL Design Key Aims and CCL Germany, Europe – Suzhou, China – Targets Design Case Study Case Study Continuation of waste 50%+ 80% 4800㎡ to landfill improvement sites zero to landfill reduction in lighting rooftop transformed into projects across the energy usage sustainable powerho
Slide 43: CCL Design Q&A
Investor Day CCL Design Q&A 43 Investor Day - December 13, 2023
Slide 44: CCL Secure
Investor Day CCL Secure Sandra Lane Vice President, CCL Secure North America 44 Investor Day - December 13, 2023
Slide 45: CCL Secure: $0.25 Billion in Sales
CCL Secure: $0.25 Billion in Sales Specializes in the production of high security #1 70% documents and identification cards World leader in Market share of polymer banknotes polymer banknotes Customers include the United States and International Government agencies 80 Billion 35 Product range includ
Slide 46: Serving Key Government Agencies
Serving Key Government Agencies 46 Investor Day - December 13, 2023
Slide 47: Significant Growth Ahead
Significant Growth Ahead 1 Document Design Service 2 Digital Printing and JURA Software 3 Patent Pending Card Technologies 47 Investor Day - December 13, 2023
Slide 48: CCL Secure Polymer Banknote Products
CCL Secure Polymer Banknote Products 48 Investor Day - December 13, 2023
Slide 49: Polymer Banknotes
Polymer Banknotes Cash growing at a rate of 4-5% per annum Cash is used to settle 11% of e-com transactions in Africa and the Middle East 1 CCL Secure offers secure banknote solutions to central banks 29% of people in developing countries are unbanked 2 Polymer represents about 5% of banknotes globa
Slide 50: Significant Polymer Banknote Adoption in the Last 5 Years
Significant Polymer Banknote Adoption in the Last 5 Years Polymer User 2018 Additional Polymer Adoption Post 2018 50 Investor Day - December 13, 2023
Slide 51: A New Dimension in Banknote Security
A NEW DIMENSION IN BANKNOTE SECURITY CINEMA™ is a visually striking and highly complex layered micro-optic lens feature. CINEMA is fully integrated into GUARDIAN™ inline as part of the substrate production process. The integration of CINEMA significantly improves security and counterfeit resilience
Slide 52: CCL Secure Q&A
Investor Day CCL Secure Q&A 52 Investor Day - December 13, 2023
Slide 53: Avery
Investor Day Avery Mark Cooper President, Avery & METO 53 Investor Day - December 13, 2023
Slide 54: Avery Worldwide Overview: $1.0 Billion in Sales
Avery Worldwide Overview: $1.0 Billion in Sales World’s largest supplier of labels, specialty converted media and software solutions for short-run digital printing applications 22 Avery branded products sold in manufacturing facilities 50+ countries 2,500+ Manufacturing employees around the globe lo
Slide 55: Avery Operates in 3 Business Segments
Avery Operates in 3 Business Segments DIY Printable Organizational Direct-to-consumer (DTC) & Media Products Direct-to-business (DTB) 55 Investor Day - December 13, 2023
Slide 56: Avery's Flagship Reseller Businesses
Avery’s Flagship Reseller Businesses Represents 60% of revenues 75% of reseller revenue in North America Labels Binders 25% of reseller revenue is international >70% value share in label category core markets Dividers Organization & Growth fueled by: Presentation 1 Personalization trends 2 Ecommerce
Slide 57: Growing Portfolio Of DTC/DTB Brands
Growing Portfolio Of DTC/DTB Brands DTC/DTB 40% of global revenues Growth opportunities 1 Product collaboration 2 Geographic expansion 3 Bolt-on acquisitions 57 Investor Day - December 13, 2023
Slide 58: Why Avery Wins
Why Avery Wins Personalization experts History of innovation in our DNA Commitment to service Consumer experience Short-runs for MOQs of 1 A passion for understanding our customers 58 Investor Day - December 13, 2023
Slide 59: Avery Growth Strategy
Avery Growth Strategy 1 Expand & grow DTC/DTB businesses 2 Defend our core Avery business 3 Leverage Avery synergies 4 Focus on operational efficiencies & sustainable solutions 5 Transform the business to digital 6 Continue to search out bolt-on strategic acquisitions 59 Investor Day - December 13,
Slide 60: Avery Q&A
Investor Day Avery Q&A 60 Investor Day - December 13, 2023
Slide 61: Checkpoint
Investor Day Checkpoint Ben Lilienthal President, Checkpoint & Group Vice President, CCL Industries Central America 61 Investor Day - December 13, 2023
Slide 62: Unleashing the Future
Unleashing the Future Revolutionizing Connectivity with Cutting-Edge RF & RFID Solutions 62 Investor Day - December 13, 2023
Slide 63: Checkpoint Global Footprint
Checkpoint Global Footprint $854M 35,000+ Revenue annual installation (LTM) capacity 34 50 Countries R&D Engineers 56 Sites 70 Software Engineers 4,900+ Employees 500+ Field Service Engineers 63 Investor Day - December 13, 2023
Slide 64: Serving Diverse Markets Across 3 Major Product Lines
Serving Diverse Markets Across 3 Major Product Lines Vertical Markets Apparel Grocery Electronics DIY Health & Beauty Product Lines Hardware Software & Cloud-based Labels & tags solutions 64 Investor Day - December 13, 2023
Slide 65: The Checkpoint Competitive Advantage
The Checkpoint Competitive Advantage Solid market share in the main retail verticals thanks to RF (radio frequency) & RFID (radio frequency identification) 500+ field service engineers globally, with 35,000+ yearly installation capacity Capacity to deliver the full solution (hardware and software an
Slide 66: Checkpoint Well Positioned For Growth
Checkpoint Well Positioned For Growth 1 Apparel destocking largely playing out as expected 2 More recurrent revenue = less hardware dependent CCL well-known in several industries where RFID 3 is a potential opportunity 4 Solid market share in retail thanks to RF 5 Opportunity to drive transformation
Slide 67: Checkpoint Strategy: 3S
Checkpoint Strategy: 3S Focus on cost-cutting and efficiency Simplification Specialized team per vertical market, with focus on the label as the sales driver New RFID inlay manufacturing plant in Mexico is expected to come on stream mid-2024 Standardization Systematization Penetrate new end markets
Slide 68: Sustainability at Checkpoint
Sustainability at Checkpoint Checkpoint facilities are built to the We’ve identified 7 of the 17 United 3 manufacturing sites have Committed to setting Science latest standards, audited and Nations Sustainable Development installed solar energy generation Based Targets with SBTi as the accredited wi
Slide 69: Checkpoint Q&A
Investor Day Checkpoint Q&A 69 Investor Day - December 13, 2023
Slide 70: Innovia
Investor Day Innovia Simon Huber Ben Lilienthal Managing Director, President, Checkpoint & Innovia Films Europe Group Vice President, CCL Industries Central America 70 Investor Day - December 13, 2023
Slide 71: Innovia Films
Innovia Films Speciality films producer with strong polymer science and surface engineering expertise, delivering technical solutions. 71 Investor Day - December 13, 2023
Slide 72: Innovia Has A Global Footprint: $0.7 Billion in Sales
Innovia Has A Global Footprint: $0.7 Billion in Sales Plock 6 250,000t Wigton Production Production Winston-Salem Sites capacity Merelbeke Schkopau Atlanta Shanghai Zacapu Mexico City Kuala Lumpur >1400 Sao Paulo 2 Employees Research & Sales in Melbourne Development >100 Centres Countries 72 Investo
Slide 73: Serves Four Major Markets
Serves Four Major Markets Labels Graphic Arts Security Packaging • Pressure Sensitive • PVC Free films for • Propanote™ • Mono Structures • In-Mould self-adhesive short • ClarityC • Cavitated • Wrap Around and intermediate • OpacityW • High Barrier • Shrink Sleeve graphic arts • Security base films
Slide 74: Diversified Geographic and Market Segment Revenue
Diversified Geographic and Market Segment Revenue Innovia Sales Innovia Sales By Region Europe, Middle By Market Segment East & Africa Labels Americas 48% 39% Packaging Asia Pacific 31% 54% Tobacco 7% 17% Security 4% 74 Investor Day - December 13, 2023
Slide 75: Innovia Strategy
Innovia Strategy 1 Achieve leadership in Label Films: Pressure Sensitive, In Mould & Sleeves 2 Invest in top coating and new extrusion technology 3 Find profitable specialty niches in packaging 4 Optimize footprint/capacity in 2024 75 Investor Day - December 13, 2023
Slide 76: Sustainability at Innovia
Sustainability at Innovia We are benchmarking We have completed our We are investing in resource We have commenced ourselves against the United Phase 2 Energy Saving saving technologies and a project to identify ways Nations 17 Sustainable Opportunity Scheme waste reducing processes in which we can
Slide 77: Innovia Q&A
Investor Day Innovia Q&A 77 Investor Day - December 13, 2023
Slide 78: South America
Investor Day South America Luis Jocionis Group Vice President, CCL Industries South America 78 Investor Day - December 13, 2023
Slide 79: CCL South America
CCL South America 10 440M* US$9,630* Countries Population GDP per Capita * IMF 79 Investor Day - December 13, 2023
Slide 80: CCL South America: $0.3 Billion in Sales
CCL South America: $0.3 Billion in Sales 8 Production Facilities CCL Label Vinhedo CCL Label Criciuma CCL Label Garibaldi Avery Adelbras Tapes Vinhedo Avery Amazon Tapes Manaus Checkpoint Tecnoblu Blumenau CCL Label Santiago CCL Label Buenos Aires 80 Investor Day - December 13, 2023
Slide 81: CCL South America Growth Dynamics
CCL South America Growth Dynamics Growth Driven By: 1 Strong execution 8 acquisitions since 2006 2 Acquisitions 3.1% 3 GDP growth projected GDP growth in South America in 2024* * IMF 81 Investor Day - December 13, 2023
Slide 82: Brazil – The Right Place To Be
Brazil – The Right Place To Be Brazil represents 50.4% of South America GDP In 2022 Brazil ranked 4th in FDI Source: The Organization for Economic Cooperation and Development (OECD) 82 Investor Day - December 13, 2023
Slide 83: Brazil CCL Well Positioned and With Solid Growth Opportunities
Brazil CCL Well Positioned and With Solid Growth Opportunities Population Opportunities to grow further in Brazil, including Avery Tapes and In-Mould Labels 216M* Strong position in Brazil with a talented team GDP US$2.1B* Six plants in Brazil providing a strong geographic presence GDP (Per capita)
Slide 84: Sustainability at CCL South America
Sustainability at CCL South America 52,32 MWh ISO 14.000 fully Renewable energy 100% treated generated by implemented certified water, represents solar energy 3,968 cubic panels in 2023, meters recovery representing a yearly basis, and reduction of 10% returns & 38,47 tonnes reused for of CO2 flushi
Slide 85: South America Q&A
Investor Day South America Q&A 85 Investor Day - December 13, 2023
Slide 86: Financial Performance
Investor Day Financial Performance Sean P. Washchuk Senior Vice President & Chief Financial Officer 86 Investor Day - December 13, 2023
Slide 87: Strong and Stable Free Cash Flow Generation
Strong and Stable Free Cash Flow1 Generation $779.6 $764.4 $734.7 $633.9 $590.5 $568.4 $432.7 $373.1 $286.2 $153.3 $165.8 $143.6 $123.6 1.7 1.7 1.6 1.6 1.3 1.3 1.2 1.2 1.2 1.3 1.4 1.3 1.2 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Free Cash Flow (millions of $) Cash Flow Conver
Slide 88: Solid Track Record of Growing Dividends
Solid Track Record of Growing Dividends $1.06 $0.96 $0.84 $0.72 $0.68 $0.52 $0.46 $0.40 $0.30 $0.22 $0.17 $0.14 $0.16 $0.13 30% 27% 27% 27% 24% 23% 25% 19% 17% 17% 18% 17% 19% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Annualized Dividend Payout Ratio1 1) Payout ratio is a
Slide 89: Solid Balance Sheet with Ample Liquidity
Solid Balance Sheet with Ample Liquidity Cash and Debt Summary Debt Maturity (millions of CDN $) (millions of CDN $) • Net debt : EBITDA1 September December 2023 2022 $815 leverage ratio Bonds (US$600.0MM, US$500.0MM, $679 maintained at C$300.0MM) $ 1,793.5 $ 1,790.9 under 2.0x Syndicated credit fac
Slide 90: Capital Allocation Philosophy
Capital Allocation Philosophy Maintain Strong Balance Sheet 1 • Preserve liquidity and investment grade credit ratings • Maintain flexibility to invest for growth • Leverage goal posts of 1.0x to 3.5x CCL generates Invest for Growth strong cash flow 2 • Organic growth initiatives globally to fund ca
Slide 91: CCL.B Share Price Appreciation
CCL.B Share Price Appreciation $67.83 $57.79 $58.08 $57.84 $57.01 $52.76 $55.32 $50.06 $44.87 $25.17 $16.57 $8.59 $5.65 $5.92 $6.26 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023YTD Low High Year-end Close 91 Investor Day - December 13, 2023
Slide 92: CCL Long-Term Outlook
CCL Long-Term Outlook Long-term organic sales growth to exceed global GDP, augmented by acquisitions Improving Innovia results will boost return on total capital Maintain top quartile 20%+ EBITDA margins Short-term management incentive plan (SMIP) based on year-over-year EPS growth > 5% 3-year long
Slide 93: Conclusion & Summary
Investor Day Conclusion & Summary Geoffrey T. Martin President & Chief Executive Officer 93 Investor Day - December 13, 2023
Slide 94: CCL Investor Day Concluding Remarks
CCL Investor Day Concluding Remarks Positioned Well for Incremental Growth in Large and Attractive End Markets World’s Largest Label Company with Global Production Facilities and Customer Base Solid Investments to Support Organic Growth with Strategic and Disciplined Approach to M&A Disciplined Appr
Slide 95: Conclusion & Summary Q&A
Investor Day Conclusion & Summary Q&A 95 Investor Day - December 13, 2023
Slide 96: Appendix – Definitions of Non-IFRS Measures
Appendix – Definitions of Non-IFRS Measures EBITDA = Earnings before net finance cost, taxes, depreciation and amortization, goodwill impairment loss, non-cash acquisition accounting adjustments to inventory, earnings in equity-accounted investments, and restructuring and other items. Return on tota
Slide 97: Thank you
Investor Day Thank you 97 Investor Day - December 13, 2023