Pro Pac Packaging : 1H22 Investor presentation

25 February 2022

only2022

Half Year useResults

Tim Welsh CEO & Managing Director ersonalIona MacPherson CFO

Darko

Print Supervisor

Important

Information

onlyThis Presentation contains the summary information about the current activities of Pro-Pac Packaging Limited and its co trolled entities (Pro-Pac Packaging or the Group). It should be read in conjunction with the Group's other periodic a d continuous disclosure announcements lodged with the Australian Securities Exchange (ASX), including

the Interim Financial Report for the half-year ended 31 December 2021 and associated Media Release released today, which are available at www.asx.com.au.​

No member of Pro-Pac Packaging gives any warranties in relation to the statements or information contained in this Presentation. The information contained in this Presentation is of a general nature and has been prepared by the

useGroup in good faith and with due care but no representation or warranty, express or implied, is provided in relation to the accuracy or completeness of the information.​

This Presentation is for information purposes only and is not a prospectus, product disclosure statement or other di closure or offering document under Australian or any other law. This Presentation does not constitute an offer, invitation or recommendation to subscribe for or purchase any security and neither this Presentation nor anything contained in it shall form the basis of any contract or commitment.​

This Presentation is not a recommendation to acquire Pro-Pac Packaging shares. The information provided in this Presentation is not financial product advice and has been prepared without taking into account any recipient's

investment objectives, financial circumstances or particular needs, and should not be considered to be ersonalcomprehensive or to comprise all the information which a recipient may require in order to make an investment

decision regarding Pro-Pac Packaging's shares.​

Neither Pro-Pac Packaging nor any other person warrants or guarantees the future performance of Pro-Pac Packaging sh res nor any return on any investment made in Pro-Pac Packaging shares. This Presentation may contain certain forward-looking statements. The words 'anticipate', 'believe', 'expect', 'project', 'forecast', 'estimate', 'likely',

'i tend', 'should', 'could', 'may', 'target', 'plan' and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, financial position and performance are also forward-looking statements.

Pro-Pac Packaging Limited Half-Year Results FY22

Any forecasts or other forward-looking statements contained in this Presentation are subject to known and unknown risks and uncertainties and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Group and they may cause actual results to differ materially from those expressed or implied in such statements.

There can be no assurance that actual outcomes will not differ materially from these statements. You are cautioned not to place undue reliance on forward-looking statements. Except as required by law or regulation (including the ASX Listing Rules), Pro-Pac Packaging undertakes no obligation to update these forward-looking statements.​

Past performance information given in this Presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance.​

All dollar values are in Australian dollars (A$) unless otherwise stated.​

Non-IFRS Financial Information​

This presentation uses Non-IFRS financial information including capital expenditure, PBT, PBT margin, gearing, net debt, operating cash flow, operating cash flow conversion and working capital. This information represents Non-IFRS measures used by the Group, the investment community and Pro-Pac Packaging's Australian peers with similar business portfolios. Pro-Pac Packaging discloses these measures where it better reflects what the company considers to be the underlying performance of the Group.​

Certain Non-IFRS financial information has not been subject to review by the Group's external auditor; however, reconciliations have been provided to balances contained in the interim financial report.

2

Our Zero Harm Focus

	Safety Update
• TRIFR at 8.15 improved 13% (FY21 9.36)
only

• LTIFR at 6.27 improved 15% (FY21 7.36)​

• We are making progress driving a culture of safety through

	leadership, systems, education, and compliance​
use	COVID-19 Update
•	COVID safe protocols and government directions continued to be
	strictly applied
ersonal

• Non-operational staff successfully worked from home to reduce the risk of transmission​

• Vaccinations, testing and reporting protocols were diligently adopted

Pro-Pac Packaging Limited Half-Year Results FY22

George	Savieng
Converting Supervisor	Production Operator

Our leadership is committed to building a disciplined safety culture that protects our people and sustainably enhances operational performance

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Delivering our strategy

only
•	Achieved top line growth of 4%
• Implemented price increases and freight surcharges in response to the rapid and
	significant inflation of input costs
• Built contingency plans to buffer supply disruptions
use
•	Completed the closure of the Chester Hill plant

• Growth investment strategy working well with extrusion, printing and laminating

	capacity fully sold to blue chip customers
• Established the printing and converting Centres of Excellence (COE)
ersonal
•	Consolidated Supreme Packaging operations into the COE
•	Continued the profitable growth trajectory in Industrial Specialty Packaging

• Advanced preparations for Microsoft D365 Supply Chain go live in 2HFY22

• Continued to enhance our talent bench strength in key leadership roles

Pro-Pac Packaging Limited Half-Year Results FY22

Thanh Nguyen

Production Operator

4

ersonal use only

Group

Financial

Results

Converting COE, Dandenong, Victoria