Macfarlane Group Plc · LSE:MACF
Macfarlane — Shareholder Meeting (May 2023)
34 slides from Macfarlane's shareholder meeting presentation, May 9, 2023
Slide 1: 124th Annual General Meeting
124th Annual General Meeting 9th May 2023
Slide 2: Agenda
Agenda • Sustaining growth • The markets we serve • Changing customer needs • Building competitive advantage • Voice of the customer • Developing competitive advantage
Slide 3: Profit Progression
Profit Progression Pre-tax profit Basic Earnings per share 20 10.00 18 9.00 16 8.00 14 7.00 12 6.00 10 5.00 8 4.00 6 3.00 4 2.00 2 1.00 0 0.00 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Slide 4: Growth Building Blocks
Growth Building Blocks Breadth of customers Range of products Value added and markets served and services proposition Leading edge Depth of expertise in Long-established sales tools protective packaging supplier relationships Performance driven Quality Geographic culture acquisitions coverage
Slide 5: Breadth of our Customer Base
Breadth of our Customer Base RETAIL INDUSTRIAL 3PL
Slide 6: Macfarlane Group at a Glance
Macfarlane Group at a Glance 24,542 32% 68% 1,242 26,390 Number of % of business for % of business for Number of Total number of customers retail major industrial suppliers we SKUs we supply the Group customers major customers work with Cartons 13,456 supplies Void fill 5,579 Tape 1,748 Stretch/Stra
Slide 7: Protecting a Diverse Range of Products in Retail
Protecting a Diverse Range of Products in Retail Homeware Health & Beauty Furniture Gym Glassware Pharmaceuticals Plants Fashion Snacks Phones Beer/Wine Laptops Meal kits Bicycles Fresh food Scooters
Slide 8: Protecting Products from a Wide Range of Industries
Protecting Products from a Wide Range of Industries Biotechnology Aircraft components Medical devices Ejector seats Scientific equipment In-flight refueling Imaging equipment systems Electronic components Automotive components Circuit boards Construction materials Electronic equipment Industrial com
Slide 9: Providing a Comprehensive Range of Packaging Solutions
Providing a Comprehensive Range of Packaging Solutions Corrugated Void Fill End of line Specialties Cartons Paper and air products for Tape Chilled packaging Postal packs cushioning protection Pallets Shelf ready Bottle boxes Stretch Presentation and retail Strapping
Slide 10: Evolving Customer Needs
Evolving Customer Needs Aspirational needs Technology & innovation Enhanced needs Design expertise Total cost management Product expertise Transactional simplicity Environmental knowledge Basic needs Single source supply Geographic coverage Quality products Competitive pricing Just in Time delivery
Slide 11: The Features our Customers find Attractive
The Features our Customers find Attractive Quality systems and Financially sound, well accreditations invested business Market leading IT systems Depth of expertise and with fully integrated 24/7 sector knowledge online ordering/report suites Manage complex Local stockholding with multi sited operat
Slide 12: The Benefits our Customers Receive
The Benefits our Customers Receive Purchasing Lower costs Best value Logistics Warehousing Vehicle utilisation Space utilisation Lower costs Consumer Lower costs No damage Minimal materials Sustainable materials Great experience Marketing Operations Ease of packing Great experience Lower costs Brand
Slide 13: The Voice of our Customers
The Voice of our Customers “You have an easy to use online ordering system” “An awareness for the changing needs towards Joel Courier Services greener products that help the environment” Siemens Mobility “You always find new ideas for existing solutions.” Games Workshop “The range of products availa
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Slide 15: Slide 15
Slide 16: The Voice of our Customers – listening to improve
The Voice of our Customers – listening to improve Speed up communication on new projects, including Hold higher levels of stock samples and quotes Brightwell Dispenser Ark H Handling Would like more recycled Improve early notification if plastic packaging and changes to our delivery paper/cardboard
Slide 17: Developing Competitive Advantage
Developing Competitive Advantage Customer value Sustainability Reduce total cost of Environmentally friendly protective packaging packaging products Customer engagement Distribution/Manufacturing partnership World class sales tools Benefits of integrated supply and processes High calibre people Geog
Slide 18: Summary
Summary • Macfarlane has a good record of consistent growth through a variety of different trading conditions • We have a clear growth strategy and to date have executed effectively • The markets we serve continue to change and exert additional demands on the business • We are implementing the neces
Slide 19: 124th Annual General Meeting
124th Annual General Meeting 9th May 2023
Slide 20: Resolution 1: Adopt Directors' Report and Accounts
Resolution 1 Adopt the Directors’ Report and the Accounts for the year ended 31st December 2022 Proxy Votes Lodged For/ Discretion: 82,271,810 Against: 3,808 Vote withheld: 5,000 Being 99.9% in favour 20
Slide 21: Resolution 2: Approve Directors' Remuneration Report
Resolution 2 Approve Directors’ Remuneration Report Proxy Votes Lodged For/ Discretion: 79,235,988 Against: 2,686,025 Vote withheld: 358,605 Being 96.66% in favour 21
Slide 22: Resolution 3: Declare a final dividend
Resolution 3 Declare a final dividend of 2.52p per share payable on 1st June 2023 Proxy Votes Lodged For/ Discretion: 82,273,398 Against: 2,420 Vote withheld: 5,000 Being 99.9% in favour 22
Slide 23: Resolution 4: Re-elect Aleen Gulvanessian
Resolution 4 Re-elect Aleen Gulvanessian as a director of the Company Proxy Votes Lodged For/ Discretion: 78,644,269 Against: 3,625,649 Vote withheld: 10,900 Being 95.5% in favour 23
Slide 24: Resolution 5: Re-elect Peter D. Atkinson
Resolution 5 Re-elect Peter D. Atkinson as a director of the Company Proxy Votes Lodged For/ Discretion: 82,231,997 Against: 40,222 Vote withheld: 8,399 Being 99.9% in favour 24
Slide 25: Resolution 6: Re-elect Ivor Gray
Resolution 6 Re-elect Ivor Gray as a director of the Company Proxy Votes Lodged For/ Discretion: 82,227,197 Against: 40,522 Vote withheld: 10,899 Being 99.9% in favour 25
Slide 26: Resolution 7: Re-elect Robert McLellan
Resolution 7 Re-elect Robert McLellan as a director of the Company Proxy Votes Lodged For/ Discretion: 78,349,039 Against: 3,918,179 Vote withheld: 13,400 Being 95.2% in favour 26
Slide 27: Resolution 8: Re-elect James W. F. Baird
Resolution 8 Re-elect James W. F. Baird as a director of the Company Proxy Votes Lodged For/ Discretion: 78,684,161 Against: 3,585,557 Vote withheld: 10,900 Being 95.6% in favour 27
Slide 28: Resolution 9: Elect Laura Whyte
Resolution 9 Elect Laura Whyte as a director of the Company Proxy Votes Lodged For/ Discretion: 82,242,035 Against: 24,199 Vote withheld: 10,899 Being 99.9% in favour 28
Slide 29: Resolution 10: Re-appoint Deloitte LLP as auditors
Resolution 10 Re-appoint Deloitte LLP as auditors Proxy Votes Lodged For/ Discretion: 82,219,732 Against: 45,950 Vote withheld: 12,436 Being 99.9% in favour 29
Slide 30: Resolution 11: Authorise directors to determine auditors' remuneration
Resolution 11 Authorise directors to determine the remuneration of the auditors Proxy Votes Lodged For/ Discretion: 82,209,351 Against: 58,831 Vote withheld: 12,436 Being 99.9% in favour 30
Slide 31: Resolution 12: Authorise directors to allot shares
Resolution 12 Authorise directors to allot shares Proxy Votes Lodged For/ Discretion: 82,163,276 Against: 141,720 Vote withheld: 13,432 Being 99.8% in favour 31
Slide 32: Special Resolution 13: Allot shares (general authority)
Special Resolution 13 Authorise directors to allot shares up to an aggregate nominal amount of £1,979,213 as if Section 561 of the Companies Act did not apply (general authority) Proxy Votes Lodged For/ Discretion: 82,189,724 Against: 104,659 Vote withheld: 9,495 Being 99.8% in favour 32
Slide 33: Special Resolution 14: Allot shares (specific authority)
Special Resolution 14 Authorise directors to allot shares up to an aggregate nominal amount of £1,979,213 as if Section 561 of the Companies Act did not apply (specific authority) Proxy Votes Lodged For/ Discretion: 82,197,523 Against: 97,159 Vote withheld: 9,196 Being 99.8% in favour 33
Slide 34: 124th Annual General Meeting
124th Annual General Meeting 9th May 2023