Rexam plc, 4 Months 2013 Interim Management Statement Call, Apr 18, 2013

Rexam plc Presents at Wells Fargo Industrial & Construction Conference, May-09-2013 . Venue: The New York Palace Hotel, 455 Madison Avenue, New York , NY 10022, United States. Speakers: Sana Diver, IR, Sandra Moura, Head of Investor Relations.

Rexam plc announced consolidated earnings results for the year ended December 31, 2012. For the year, the company reported sales of £4,312 million against £4,232 million a year ago. Underlying operating profit was £504 million against £512 million a year ago. Operating profit was £460 million against £477 million a year ago. Underlying profit before tax was £418 million against £414 million a year ago. Profit before tax was £354 million against £402 million a year ago. Profit for the financial year from continuing operations was £264 million or 30.3 pence basic and diluted per share against £289 million or 32.9 pence diluted per share a year ago. Total profit for the financial year attributable to equity shareholders of the company was £214 million or 24.3 pence diluted per share against £376 million or 42.8 pence diluted per share a year ago. Underlying profit for the financial year was £309 million against £296 million a year ago. Underlying earnings per share on continuing operations was 35.5 pence against 33.9 pence a year ago. Net cash flows from operating activities were £470 million against £473 million a year ago. Capital expenditure was £291 million against £240 million a year ago. Net debt at December 31, 2012, was £0.8 billion. The board is proposing a final dividend of 10.2 pence per share, making a total dividend of 15.2 pence for the year. This 6% increase reflects the board's continuing confidence in the froup's future and is in line with our dividend policy to have a dividend cover in the range 2.0 to 2.5 times underlying earnings. Subject to shareholder approval at its AGM on April 18, 2013, the final dividend will be paid on May 22, 2013 to shareholders on the register at close of business on April 26, 2013. The company provided earnings guidance for the year 2013. For the year, it is expected that capital expenditure from continuing operations will be around £250 million, 1.5 times depreciation and amortization.