Business
Coats : 2025 Annual General Meeting – Presentation
Coats : 2025 Annual General Meeting –
About this update from Coats Group Plc
ANNUAL GENERAL MEETING OF COATS GROUP PLC Wednesday 21 May 2025 HOUSE KEEPING Fire escapes There are three fire escapes located on the 9th floor. No fire drills are planned for this afternoon. COATS GROUP PLC | AGM 2025 AGENDA 01 Welcome - David Gosnell, Chair 02 Trading update - David Paja, Group CEO 03 Questions and answers 04 Notice of meeting and poll vote on resolutions 05 Close of meeting and proxy totals COATS GROUP PLC | AGM 2025 WELCOME Introduction of Board members David Gosnell OBE, Chair David Paja, Executive Director and Group CEO Jackie Callaway, Executive Director and Group Chief Financial Officer Hannah Nichols, Executive Director and Group Chief Financial Officer designate Steve Murray, Senior Independent Non-Executive Director Sarah Highfield, Independent Non-Executive Director Echo Lu, Independent Non-Executive Director Srinivas Phatak, Independent Non-Executive Director Fran Philip, Independent Non-Executive Director Jakob Sigurdsson, Independent Non-Executive Director Stuart Morgan, Chief Legal and Risk Officer and Group Company Secretary is also in attendance today COATS GROUP PLC | AGM 2025 AGENDA 01 Welcome - David Gosnell, Chair 02 Trading update - David Paja, Group CEO 03 Questions and answers 04 Notice of meeting and poll vote on resolutions 05 Close of meeting and proxy totals COATS GROUP PLC | AGM 2025 DAVID PAJA GROUP CEO COATS GROUP PLC | AGM 2025 DISCLAIMER Restricted distribution This presentation is not for release, publication or distribution, in whole or in part, directly or indirectly, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction (the 'Restricted Jurisdictions'). Not an offer This presentation is not intended to and does not constitute, or form part of, any offer to sell or subscribe for or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the matters contained herein or otherwise. Forward-looking statements This document contains certain forward-looking statements, including statements regarding Coats Group plc's plans ('Coats' or the 'Company'), objectives and expected performance. Such statements relate to events and depend on circumstances that will occur in the future and are subject to risks, uncertainties and assumptions. There are several factors which could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements, including, among others the enactment of legislation or regulation that may impose costs or restrict activities; the re-negotiation of contracts of licenses; fluctuations in demand and pricing in the industry; fluctuations in exchange controls; changes in government policy and taxations; industrial disputes; and war and terrorism. These forward-looking statements speak only as at the date of this document. Not a profit forecast The financial information contained in this presentation is based on publicly available historic financial information of Coats and is not intended to be a profit forecast or profit estimate under applicable rules. Rounding Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. COATS GROUP PLC | AGM 2025 TRADING UPDATE, 1 JANUARY 2025 - 30 APRIL 2025 Good year-to-date performance with revenue up 4% Continued momentum in Apparel and Footwear with 5% year-on-year growth Performance Materials in line with expectations, with revenue excluding US Yarns at a similar level to last year Agreed sale of the US Yarns business based in Kings Mountain, North Carolina. Net cash proceeds of $16m, with completion expected in June 2025 COATS GROUP PLC | AGM 2025 TRADING UPDATE - OUTLOOK First-half performance expected to reflect an adjusted EBIT margin within our medium-term target range of 19-21% Full-year expectations remain unchanged, whilst mindful of dynamic backdrop Another year of strong free cash flow generation, supporting our active and flexible capital allocation strategy We continue to build a pipeline of attractive acquisition targets to further strengthen our portfolio COATS GROUP PLC | AGM 2025 AGENDA 01 Welcome - David Gosnell, Chair 02 Trading update - David Paja, Group CEO 03 Questions and answers 04 Notice of meeting and poll vote on resolutions 05 Close of meeting and proxy totals COATS GROUP PLC | AGM 2025 AGENDA 01 Welcome - David Gosnell, Chair 02 Trading update - David Paja, Group CEO 03 Questions and answers 04 Notice of meeting and poll vote on resolutions 05 Close of meeting and proxy totals COATS GROUP PLC | AGM 2025 NOTICE OF MEETING AND POLL VOTE On today's agenda there are 20 resolutions: Resolutions 1 to 16 inclusive are proposed as Ordinary Resolutions Resolutions 17 to 20 inclusive are proposed as Special Resolutions The full text of the resolutions and an explanation of each can be found in your Notice of Meeting. Procedure to complete your poll card: You should enter your full name in block capitals. You should cast your votes on each separate resolution by putting a cross in one of the boxes marked "for", "against" or "vote withheld". If you are not voting your total holding in the company's shares, would you please also write down the number of shares you wish to vote. Please make sure you have signed your poll card and then return this to the Registrars as you leave. COATS GROUP PLC | AGM 2025 AGENDA 01 Welcome - David Gosnell, Chair 02 Trading update - David Paja, Group CEO 03 Questions and answers 04 Notice of meeting and poll vote on resolutions 05 Close of meeting and proxy totals COATS GROUP PLC | AGM 2025 PROXY TOTALS COATS GROUP PLC | AGM 2025 Note: For + Discretion Against Total votes cast as % of issued share capital Votes Withheld Resolution Votes % Votes Cast Votes % Votes Cast Votes 1 Receipt of Annual Report 2024 1,372,523,615 100.00 1,711 0.00 85.90% 4,199,545 2 Approval of Remuneration Report 1,310,003,285 95.15 66,707,827 4.85 86.16% 13,759 3 Approval of dividend 1,376,691,024 100.00 766 0.00 86.16% 33,081 4 Re-election of David Gosnell 1,352,440,308 98.24 24,184,256 1.76 86.16% 100,307 5 Re-election of Sarah Highfield 1,376,663,368 100.00 18,321 0.00 86.16% 43,182 6 Re-election of Hongyan Echo Lu 1,314,093,285 95.46 62,539,077 4.54 86.16% 92,509 7 Re-election of Stephen Murray 1,317,609,193 95.71 59,019,169 4.29 86.16% 96,509 8 Re-election of Frances Philip 1,317,578,143 95.71 59,104,219 4.29 86.16% 42,509 9 Re-election of Jakob Sigurdsson 1,376,607,809 100.00 8,053 0.00 86.16% 109,009 10 Election of Hannah Nichols 1,368,494,003 99.41 8,140,742 0.59 86.16% 90,126 11 Election of David Paja 1,376,611,206 100.00 7,845 0.00 86.16% 105,820 12 Election of Srinivas Phatak 1,376,589,537 100.00 10,070 0.00 86.16% 125,264 13 Re-appointment of Auditor 1,376,491,585 99.99 177,426 0.01 86.16% 55,860 14 Approval of Auditor remuneration 1,376,616,785 99.99 99,338 0.01 86.16% 8,748 15 Authority to allot relevant securities 1,259,132,366 91.46 117,545,953 8.54 86.16% 46,551 16 Authority to make political donations and incur political expenditure 1,352,295,221 98.23 24,369,746 1.77 86.16% 24,780 17 Authority to disapply pre-emption rights 1,333,559,385 96.87 43,070,700 3.13 86.16% 59,662 18 Authority to disapply pre-emption rights in connection with acquisitions and specified capital investments 1,317,703,597 95.72 58,929,490 4.28 86.16% 56,659 19 Authority to purchase own shares 1,376,354,955 99.99 117,020 0.01 86.15% 252,896 20 Authority to call general meetings on clear 14 days' notice 1,359,612,120 98.76 17,078,530 1.24 86.16% 34,221 All percentages are rounded to two decimal places. Any proxy appointments which gave discretion to the Chair have been included in the "for" column. A vote "withheld" is not a vote in law and is not counted in the calculation of the "votes for" or "against" the resolution nor in the calculation of the total votes cast as % of issued share capital.