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:

Webcast registration

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

The presentation and a video recording of the event will be made available on the Company's website at https://www.mcbride.co.uk/investors/ after the event.