Capital Markets Day

RNS Number : 9536P
McBride PLC
23 February 2021

McBride Plc ("McBride", the "Company" or the "Group")


Capital Markets Day


23 February 2021


McBride, the leading European manufacturer and supplier of Private Label and Contract Manufactured products for the domestic household and professional cleaning/hygiene markets, will today host a virtual capital markets event at 1:30pm for institutional investors and analysts where it will set out its new strategy, Programme Compass.


Programme Compass


Programme Compass was implemented on 1 January 2021 - reorganising the business into five divisions: Liquids, Unit Dosing, Powders, Aerosols and Asia Pacific. Each division has its own strategy and role, which will be discussed in detail by each of the divisional managing directors as part of today's presentation. The strategy and role of each division is summarised as follows:


· Liquids: Cost leadership driving cash generation

· Unit Dosing: Product leadership driving growth

· Powders: Cost leadership driving cash generation

· Aerosol: Product leadership driving value optimisation

· Asia Pacific: Cost and value leadership delivering strategic upside


This structure gives the focus and accountability to deliver the Group's financial targets: In the next five years:


· Grow annual revenues to €1 billion

· Grow EBITA margin by 2 to 4 percentage points

· Grow ROCE by 5 to 10 percentage points


As part of Programme Compass, the Group has evaluated its capital allocation policy. Going forward, the focus will be investing in profitable growth, whilst also targeting a Net Debt / EBITDA ratio of 2x or less (on an accounting basis). Where this target is achieved, the Group will return capital to shareholders under the Group's new dividend policy. The Group's new dividend policy, as set out below, is a flexible model which aims to make pay-outs appropriate and affordable, driven by the Group's Net Debt to EBITDA leverage ratio at year end:


Net debt / EBITDA ratio

Annual pay-out level

Pay-out method

1.5x to 2.0x

1/6th of EPS


1.0x to 1.49x

Additional distribution of 1/6th of EPS

Dividend / share buy-back / cash retained

Below 1.0x

Special distribution

At the Board's discretion



Webcast registration


A live webcast will be held at 1:30pm today. To register for the Capital Markets Day please email .


The presentation and a video recording of the event will be made available on the Company's website at after the event.



McBride plc


Chris Smith, Chief Executive Officer

0161 203 7401

Mark Strickland, Chief Finance Officer

0161 203 7401




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Mcbride (MCB)
UK 100

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