AGM Presentation - 21 April 2016 Forward Looking Statements The - PowerPoint PPT Presentation

AGM Presentation - 21 April 2016

Forward Looking Statements The information in this presentation has not been independently verified and does not purport to be comprehensive. One51 is not undertaking any obligation to provide any additional information or to update this presentation or to correct any inaccuracies that become apparent. This presentation is neither a prospectus nor an offer nor an invitation to apply for securities. The information contained in this presentation is for background purposes only and is subject to material updating, completion, revision, amendment and verification. This presentation does not constitute or form a part of any offer for sale or solicitation of any offer to buy or subscribe for any securities. Any prospective investor must make its own investigation and assessments and consult with its own adviser concerning any evaluation of the Company and its prospects. No representation or warranty, express or implied, is or will be given by One51, its subsidiaries, its shareholders or their respective directors, officers, employees or advisers as to the accuracy or completeness of this presentation and, so far as permitted by law, no responsibility or liability is accepted for the accuracy or sufficiency of this presentation. In particular, without limitation, no representation or warranty is given as to the achievement or reasonableness of any projection, estimate, target or forecast in this presentation, which it should be noted is provided for illustrative purposes only. This presentation contains forward-looking statements which reflect management’s current views and estimates. These forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements. Potential risks and uncertainties include such factors as general economic conditions, foreign exchange fluctuations, competitive product and pricing pressures and regulatory developments. Management undertake no responsibility to revise any such forward looking statements to reflect any changes in management’s expectations or any change in circumstances, events or the Group’s plans and strategy. Accordingly, no reliance can be placed on the figures contained in such forward looking statements. 2

Group Overview Plastics Plastics consists of two sub-divisions, one being OPG and the other being IPL. Plastics supplies products to a broad range of customers across the following market sectors in Ireland, the UK, North America and China, from eight production facilities (three in the UK; one in Ireland; one in China; and three in North America):  Environmental Containers  Packaging  Industrial Products ClearCircle ClearCircle provides the following specialist environmental services to a broad range of customers from twelve facilities in Ireland and the UK:  Hazardous waste management and industrial services  Metals recycling  Materials recovery 3

2015 Highlights • 32.4% growth in Revenue to € 366.0m (2014: € 276.5m) • 67.1% increase in EBITDA to € 36.1m (2014*: € 21.6m) • 95.7% growth in Profit after Tax (before exceptional items) to € 31.9m (2014*: € 16.3m) • 30.5% increase in Adjusted Diluted EPS to 6.98c (2014*: 5.35c) • Net Debt of € 120.3m (2014: € 7.4m) • Solid performance from Plastics • Transformative acquisition of IPL in North America (July 2015) • € 51.8m (gross) in cash realised from investment in Altas Investments plc (formerly NTR plc) *2014 amounts have been restated arising from the change in accounting policy with regard to how the Group accounts for its investment in Altas Investments plc, 4 formerly NTR plc, from that of an available-for-sale financial asset to an equity-accounted associate undertaking.

2015 Highlights contd. • Successful integration of Straight plc • Rationalisation of underperforming UK metals businesses • Organic and acquisition opportunities identified to drive future growth • Greenway Environmental Services business acquired expanding ClearCircle Environmental’s SES division in the UK • Post year-end – Acquired H&T Labour &Vacuumation Services Ltd - further augmenting ClearCircle’s offering in the UK SES market – € 8m investment in Cork Plastics facility announced to leverage R&D and cross- selling between OPG/IPL 5

One51 Plastics

2015 Plastics Highlights • Revenue of € 231.8m (2014: € 122.5m) • EBITDA of € 33.1m (2014: € 15.7m) • Solid underlying trading performance driven by : – Successful integration of Straight plc – Transformational IPL acquisition – Strong demand for environmental containers – Growth in Chinese operations 7

Plastics Business Evolution Target to double Plastics EBITDA in the medium term through a combination of organic growth and acquisitions International plastics Rebranding Acquisition of IPL manufacturer of significant 2013 2015 size and scale  Organic  Acquisition of IPL OPG Growth and Straight 43% 57%  Rebranded to  Select OnePlastics Acquisitions IPL Group 100% Total EBITDA c. € 48m Total EBITDA c. € 16m 8

Plastics Overview Operating in niche market segments characterised by high margins, defensive characteristics and significant growth prospects Environmental Containers Packaging Industrial Products Products    #1 UK Niche player in North America, UK and Niche player in North America, UK, Market Position  #1 Canada Ireland Ireland and China Local Authorities Key Customers 9

Plastics Growth Strategy Clear growth strategy based on a combination of organic growth and targeted M&A Favourable Market Backdrop Fragmented Substitution Increasing product Growing rigid Regulation market place effect innovation plastics demand Clear Strategy Organic Growth M&A  Investment in manufacturing facilities e.g. Ireland &  Focus on higher growth niche segments of the market China  European & North American geographic focus  Deliver manufacturing efficiencies  Synergy potential  Target EBITDA > € 10m and margin of 13% - 15%  Continued investment in R&D  Target ROCE 10% - 15%  Leverage synergies & cross selling opportunities  Significant acquisition pipeline developed between IPL & OPG Future Market Focus Continue to focus on Expand product range driven Continue to review market Leverage existing existing segments which by customer/market demand opportunities to add new capabilities for entry into exhibit significant relying on in-house R&D plastics manufacturing new segments growth facilities technologies and product types 10

Geographic Footprint One51 Plastics has significant international reach with sophisticated R&D capabilities 1 MGB PLASTICS 6 PROTECH CHINA Wheeled Bin Manufacturer Electronics 6,000 m 2 manufacturing 2,300 m 2 manufacturing facility with capacity to facility. produce 1.5 million wheeled bins per annum. 7 STRAIGHTS Wheeled Bin, Caddy & 2 PPC Kerbside Box Manufacturer 8 9 11 Paint Can Manufacturer 12,000 m 2 manufacturing 7 10 facility. 5,600 m 2 manufacturing 1 5 facility with a range of state 6 4 of the art machinery. 2 3 8 ST-DAMIEN AAC PLASTICS 3 Bulk Packaging & Environmental 50,300 m 2 manufacturing Trade Moulding facility. 5,100 m 2 manufacturing facility with a well invested  9 manufacturing facilities 9 EDMUNDSTON range of production Material Handling & Thin Wall machinery. Packaging for Food Applications 4 PROTECH 12,100 m 2 manufacturing Rigid Packaging, Electronics and facility.  2 R&D facilities in Cork and Québec OnePlastics Group’s dedicated LEE ’ S SUMMIT, MO Innovation Centre of Excellence Overcaps Business, 2,300 m 2 manufacturing Manufacturing Lids & facility with an additional Composite Lids 1,400 m 2 clean room  c.1.3m square feet of manufacturing space 22,800 m 2 manufacturing facility. facility. PROTECH BOSTON 5 IPL CIE, ST-DAMIEN 11 Electronics Ctr. For Innovation & Excellence  230+ machines Representative office. 1,000 m 2 R&D facility. 11

Environmental Services

2015 Environmental Services Highlights • Revenue of € 134.2m (2014: € 154.0m) • EBITDA of € 9.1m (2014*: € 10.5m) • ClearCircle’s SES division performed in line with expectations – benefitting from underlying economic recovery in UK and Ireland • Materials & Metals Recycling continues to face significant challenges – impacted by depressed global demand & depressed commodity prices • Continue to strengthen Specialist Environmental Services business offering and geographic reach in Ireland & UK * Excludes the impact of discontinued operations 13

Environmental Services Overview Leading UK & Irish player in Environmental Services Specialist Environmental Services (SES) Metals Recycling  Hazardous waste management  Oil and chemical spillage clean up  Dedicated fleet of specialist collection Activities /  Disposal and recycling of liquid sludge vehicles Services  Contaminated soils  End-of-life metals processor  Marine waste disposal  Off-site dismantling, decommissioning and  Asbestos disposal demolition  Brokerage, storage and onward shipment of  Secure destruction of prototypes and hazardous wastes redundant stock  Fully automated glass and refrigeration recycling  Specialist metals recovery facilities #1 Ireland #1 Ireland Market Position Small regional player in the UK Small regional player in the UK Key Customers 14