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RPC – A leading plastic product design and engineering company

RPC is a global manufacturer differentiated by its expertise in all the main plastic conversion technologies: injection moulding, blow moulding, thermoforming, and rotational moulding. We serve six broad packaging and non-packaging sectors: food, non-food, personal care, beverage, healthcare, and technical components.

Strategy

The Group announced its Strategy, Vision 2020: Focused Growth Strategy in 2013, designed to build on opportunities for focused growth organically through our leading product and process innovation capabilities, consolidating in Europe through acquisitions, expanding our global presence and also utilising our core competences in non-packaging solutions.

Strategy

Interview with Chief Executive, Pim Vervaat

Investment proposition

RPC is a leading plastic product design and engineering business in a growing and globalising market offering attractive dividend streams with a track record of delivering.

Investment proposition

Investors

Annual report

June 2015 CMD presentation

Key developments

  • Further progress in the implementation of the Vision 2020 strategy with solid underlying organic growth and value adding acquisitions, strengthening existing market positions and diversifying into adjacent markets with attractive return and growth profiles whilst enhancing the Group’s overall strategic buying position
  • Integration of the GCS and BPI acquisitions completed with the more recent acquisitions bedding in well. Steady state cost synergies estimate for GCS / Promens / BPI increased by €5m to €105m
  • Good trading performance with revenue, profit and cash flow all reaching record levels
  • Revenues increased 67% reflecting a 3% like-for-like growth in sales and the contribution from acquisitions, with the return on sales improving to 11.2% (2016: 10.6%)
  • Adjusted operating profit up 77% at £308.2m (2016: £174.3m) and adjusted EPS improved 54% to 62.2p (2016 restated: 40.4p) with the statutory basic earnings per share more than doubling
  • Strong cash generation with free cash flow improving by 95% at £239m (2016: £123m) and net cash flow from operating activities at £277m (2016: £151m)
  • Final dividend of 17.9p recommended giving a total year dividend of 24.0p (restated and 2016 restated: 16.0p) representing a 50% increase over the previous year and in line with our progressive dividend policy

“The implementation of the Vision 2020 growth strategy is progressing well, reflected in a good trading performance in 2016/17 with continued organic growth and achieving record profitability levels with robust cash generation. Acquisitions made since the launch of the strategy in 2013 continue to add value including the recent GCS and BPI acquisitions, whose performance in the year was better than expected. The recently completed Letica acquisition will provide an enhanced platform for growth in North America and has made a good start under RPC’s ownership. Going forward, the Group continues to explore opportunities for growth in line with its strategy. The new financial year has started in line with management’s expectations.””

P R M Vervaat
Chief Executive

Leading design and engineering capabilities

Our 31 specialist design and technology centres worldwide combine creativity with a comprehensive knowledge and understanding of all plastic processes.

From the earliest design stages we are able to optimise integrated processes that deliver best-in-class production capabilities across a global footprint.

Expertise across all the main plastic conversion technologies mean we can employee the most appropriate technology and combine process to serve complex applications.

Investment proposition

RPC is a leading plastic product design and engineering business in a growing and globalising market offering attractive dividend streams with a track record of delivering.

Investment proposition

Investors

Annual report

June 2015 CMD presentation

Leading design and engineering capabilities

Our 31 specialist design and technology centres worldwide combine creativity with a comprehensive knowledge and understanding of all plastic processes.

From the earliest design stages we are able to optimise integrated processes that deliver best-in-class production capabilities across a global footprint.

Expertise across all the main plastic conversion technologies mean we can employee the most appropriate technology and combine process to serve complex applications.

Investment proposition

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Annual report and accounts

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Design and innovation

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RPC Sustainability Matters

Our Sustainability Commitment