Agenda

Formally Declare Meeting Open
AGM Presentation
Questions
Formal Resolutions
Questions
Closure

Financial Highlights 08/09

-Revenue growth of 3% to $73.8 million
-Net Profit After Tax (NPAT) up 25% to $2.3 million
- Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) up 11% to $5.77 million
-EPS Grew by 12% to 1.9 cents Per Share
- Positive Cashflow from Operations of $2.8 million as Working Capital Absorbed by Growth
-Fully Franked Dividend Declared and Paid

Financial Highlights

Company Highlights

Forecast Annualised Revenue 09/10 to Exceed $80 million
225 employees
Growing Revenues and Profits with Anticipated Strong Cash Flows
Aggressive Acquisitive Growth Strategies and Organic Growth
Expansion Puts Pressure on Space and Premises
Healthy Balance Sheet with Gearing of Less Than 20%

Business Unit Review

Two Key Divisions Rigid PackagingIndustrial Packaging

Overall

-Over 4000 customers
-On-going Repeat Business
-Supply Almost Every Industry Sector
-Established National Footprint
-Control Over Supply via Import and Manufacture
-Buying Power due to Size
-Strong Customer Relationships

Rigid Packaging Division

- Continued Solid Performance as to Revenue and Profitability
- Manufacturing Business Units Solid Growth and Efficiency Improvements
- Continued Product Development and Innovation
-Major New Customer Wins still to Ramp Up

Industrial Packaging Division

-Business Model Re-engineered

Import Program
Corporate Account Focus
Built Strong National Sales Team
Introduced New Products and Specialisation
- For Example; Machinery Sales, Maintenance and Service DivisionImproved Operations and Logistics
-Significant New Customer Wins
- Increasing Revenues as New Customers Wins Ramp Up with Product

Overall Business Strategy

- Continuing Focus on Growth and Supply Chain/Logistics Improvements
- Single Source "One Stop Shop" Strategy to Continue
-Distributor Consolidation Strategy to Continue
- Ongoing Sourcing and Assessment of Value Accretive Synergistic Acquisitions

Pro-Pac Packaging Limited : AGM Presentation

- Continued Strong Growth in both Top and Bottom Lines
- First Half Result Anticipated to be Significantly Ahead of Same Period Last Year
- Well Positioned to Deliver Strong Operating Cashflows
- Expect to Achieve 2010 FY EPS Growth in Excess of 50%

Disclaimer

Some of the statements in this presentation constitute "forward-looking statements" that do not directly or exclusively relate to historical facts. These forward-looking statements reflect Pro-Pac Packaging Limited's current intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside Pro-Pac Packaging Limited's control. Important factors that could cause actual results to differ materially from the expectations expressed or implied in the forward-looking statements include know and unknown risks. Because actual results could differ materially from Pro-Pac Packaging Limited's current intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements contained in this presentation with caution.