GPG Group and Coats plc

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Crafts performanceEMEA• Handknitting key growth driver• Reorganisation activity on schedule• Remains loss making – but $4m lowerthan 2011. 2013 restructuring to facilitatefurther improvement, but will adverselyimpact top line sales growth as non-coreproduct ranges are exitedAmericasCrafts performance by region$'mRevenue2012 2011 1 YoY% YoY%H2EMEA 168 160 5% 9%Americas 311 291 7% 7%Total 479 451 6% 8%Operating profit 2 16.2 18.1 (10)% 35%Operating profit % 3.4% 4.0%• Key shelf space wins in North America• Unwinding of customer overstocking inLatin America311168EMEAAmericas1At constant exchange rates2Underlying operating profit excluding reorganisation and other exceptional items© GPG Group and Coats plc | Financial results for year ending 31 December 2012 Page 18
Income statement• Exceptional items in PBT– EC fine $120m– Reorganisation costs $39m– US Environmental $8m• IAS 19 pension finance credit(will be a net charge from 2013)• Finance costs – one offinvestment income in 2011driving increase in 2012• Tax rate impacted by EC fineand other exceptionals –underlying rate up from 35% to46% due principally to weakerLatin America trading$'mBeforeexceptional Exceptional2012 2011TotalBeforeexceptional ExceptionalRevenue 1653 1653 1702 1702Operating profit/(loss) 127 (132) (5) 144 (12) 132Share of profit of JVs 1 1 2 2Pensions credit 15 15 17 17Finance costs (32) (35) (67) (27) (27)Profit/(loss) before tax 111 (167) (56) 136 (12) 124Tax (50) 3 (47) (47) 2 (45)Profit/(loss) fromcontinuing operations 61 (164) (103) 89 (10) 79Loss from discontinuedoperations (3) (3) (2) (2)Profit/(loss) for the year 58 (164) (106) 87 (10) 77Minority interest (7) (7) (6) (6)Retained profit/(loss) 51 (164) (113) 81 (10) 71Total© GPG Group and Coats plc | Financial results for year ending 31 December 2012 Page 19
Page 1 and 2: GPG Group and Coats plcResults pres
Page 3 and 4: Agenda1. GPG Group strategy update2
Page 5 and 6: Strategy update• GPG will be re-l
Page 7 and 8: GPG Group results highlightsGPG tot
Page 9 and 10: GPG G P G - Ssimplified I M P L I F
Page 11 and 12: Group G P G P E Nemployee S I O N S
Page 13 and 14: Summary andFinancial Performance
Page 15 and 16: Full year financial performance$'m2
Page 17: Industrial performanceAsia & Austra
Page 22 and 23: Cash flow and leverageCash flow (be
Page 24 and 25: Group sales in 2012Three discrete s
Page 26 and 27: Speciality overview - ‘GDP+’A h
Page 28 and 29: Global key accountsWe work with the
Page 30 and 31: Crafts - global leader with opportu
Page 32 and 33: Strategic hand of cards1234567Globa
Page 34 and 35: Prospects for 2013• Modest econom
Page 36 and 37: Value realisation strategyDisposals
Page 38 and 39: AppendicesGPG background
Page 40 and 41: Detailed pensions analysisIAS 19 ro
Page 42 and 43: Coats plc - introduction• No. 1 i
Page 44 and 45: Geographical reachCoats is ‘at ho
Page 46 and 47: Vision, goals and principlesCoats v
Page 48 and 49: Coats CraftsCoats provides consumer
Page 50 and 51: Managing responsiblyWe operate to t
Page 52 and 53: Our peopleCoats’ strength and mar
Page 54: Further informationFor moreinformat

GPG Group and Coats plc

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