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
AGENDA01
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 membersDavid 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 - OUTLOOKFirst-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
AGENDA01
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
AGENDA01
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 TOTALSCOATS 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.