Slide 1: Final results 24 March 2022
FINAL freSULtS 207m ROBINSON
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"). Relianc
Slide 3: About us
About us * Injection and blow moulded plastic packaging and rigid paperboard luxury packaging Our locations * Products and services within the food and drink, © Kitiby-o-astiets . ® Stanton Hitt homecare, beauty and personal care and luxury gift @ s6ci sectors ® Midsk Mazowiecki 5 chesterfield * Geo
Slide 4: Market drivers and opportunities
Market Orivers and opportunities Growth markets Customer relationships For food and consumer product benefits in hygiene, safety, Increase share of wallet with existing customers protection, durability and convenience: Growth with new customers of similar profile and needs * Food & Drink Shouucase o
Slide 5: Developing our strategy
Developing our strategy Growing ahead of the market by providing excellent customer service as a long-term strategic partner while creating a people-centric business aligned with our purpose Sustainability is at the core as we transition to decarbonisation and a circular economy Our strategic priori
Slide 6: Guiding our sustainability journey
Guiding our sustainability journey ROBINSON Going above and beyond for people and planet reap, ~ wie 70 sustainable products Intelligence We want our people to thrive, enabling our team to reach their potential in a culture that prioritises health and wellbeing. We will extract maximum value from th
Slide 7: Summary
Summary Challenges from input price inflation, customer demand and ongoing uncertainty from the Covid-19 pandemic Financial * Revenues +24% to £46.0m including Schela Plast, underlying volumes -5% below 2020 * Gross margin decreased to 17.0% (2020: 23.0%) - input cost increases and resin lag * Opera
Slide 8: Outlook
Outlook Committed in the medium term to delivering above-market profitable growth and 6-8% adjusted operating profit margin * Uncertainty and volatility is likely to continue through 2022 - further inflation in input costs anticipated * Sales price increases will start to recover margins in 2022 * F
Slide 9: Acquisition - Schela Plast A/S
Acquisition - Schela Plast A/S Completed February 2021 Specialist in the design and manufacture of plastic blow moulded containers in Denmark Complementary market sectors to those served by Robinson Expands geographic reach and creates sales opportunities with new and existing Robinson customers Mor
Slide 10: Pension fund
Pension fund Defined benefit pension plan * Closed to new entrants in 1997 * Assets £69m at end of 2021 (2020: £67m) * IAS 19 surplus at 31 Dec of £13.2m (2020: £9.3m) * Escrow account has £3.1m - £2.7m loaned to Company * Intention to buy-out when market conditions allow * Triennial actuarial valua
Slide 11: Surplus property
Surplus property Increase cash reserves for reinvestment Surplus properties * Book value £3.4m (valued end of 2008) * Current gross rental income £0.4m per annum * Exchanged contracts to sell 2 acres of Boythorpe, gross proceeds of £1m (book value £0.2m) * Agreed to sell, subject to contract, 8 acre
Slide 12: Financials
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Slide 13: Income statement
Income statement £'000 2021 2020 % change Revenue 45,954 37,203 23.5% Gross profit 7,750 8,566 -9.5% Gross profit % 16.9% 23.0% -6106es Operating costs (6,525) (5,878) -11.0% Adjusted operating profit 1,225 2,688 -45.6% Adjusted operating profit % 2.7% 7.2% Exceptional costs (43) - Amortisation of i
Slide 14: Balance sheet
Balance sheet '000 2021 2020 £'000 2021 2020 Non-current assets Intangible assets 5,265 3,896 Cash 2,775 1,386 Property, plant and equipment 24,892 20,873 Bank overdrafts - (2,282) Deferred tax assets 1,188 978 Bank and other loans (9,651) (2,700) 31,345 25,747 Lease liabilities (6,251) (3,269) Curr
Slide 15: Cashflow
Cashflow £000 2021 2020 Operating cash flow before working capital 4,255 5,144 Cash generated from operations 5,397 6,586 Cash generated from operating activities 4,949 5,929 Net cash used in investing activities (5,694) (4,591) Net cash used in financing activities 4,465 (539) Net change in cash an
Slide 16: Appendices
Aooendices
Slide 17: Introductions
Introductions 17 Helene Roberts - CEO Helene has extensive knowledge of sustainable materials technology, global sales, marketing and innovation and people leadership. She has a degree in Materials Engineering and a PhD in Polymer Engineering. Helene’s career started with M&S, initially as a materia
Slide 18: External landscape
External landscape Environmental Plastics use and waste, pollution, food waste, sustainability energy, carbon emissions. Role of packaging and attitudes to waste. Rise in e-commerce. Increase in food safety and hygiene demands. ’ Medium and long-term Economic impacts of Covid-19 outlook and Brexit.
Slide 19: Creating value
Creating value (Our business model Our long-term impact OCEnvironmental *estionshies Custer Creating inclusive 7S y 1) mers A pan Protection and ctfeertition ND equitable sustainability © thriving \_$ (@) SK Guc people and expercive Sete |e Paresuemsua Geople : ; cop to helo rm crxomprcaere Smploume
Slide 20: Together since 1839