Greif Inc. · NYSE:GEF
Greif — Q2 2026 Earnings Presentation
19 slides from Greif's earnings presentation, Apr 29, 2026
Slide 1: Second Quarter 2026 Earnings Conference Call
Second Quarter 2026 Earnings Conference Call April 29 , 2026 1
Slide 2: Safe Harbor and Presentation Note
Safe Harbor and Presentation Note FORWARD-LOOKING STATEMENTS This presentation contains certain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. The words “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “aspiration,” “objective,” “p
Slide 3: Delivering Solid Financial Results Through Volatility
Build to Last Strategy Delivering Solid Financial Results Through Volatility $75M +7.5% Run-Rate Cost Q2-26 YoY Optimization Achieved Adj. EBITDA While Executing On 1.1x +110bps Delivering Solid Our Strategy Q2-26 Q2-26 YoY Financial Leverage Ratio Adj. EBITDA Margin Results 91st +$93M 2026 Gallup Q
Slide 4: Macro Volatility Impacted Q2 Volumes, Earnings Intact
Second Quarter 2026 Year-over-Year Volume Trends Macro Volatility Impacted Q2 Volumes, Earnings Intact Customized Polymer Solutions 1.5% EMEA Softness ▪ Small containers (up mid singles) and IBC (up low singles) as less cyclical x% end markets continue to perform NA Softness APACx%Softness ▪ Large c
Slide 5: Total Company Financial Performance
Second Quarter 2026 Total Company Financial Performance ($ in Millions except per share) Q2 25 Q2 26 Adjusted EBITDA 145.9 156.8 Adjusted EBITDA % 13.5% 14.6% Adjusted Class A Earnings Per Share 0.68 1.10 Adjusted Free Cash Flow 86.6 179.3 • Adjusted EBITDA higher on cost optimization and effective
Slide 6: Segment Financial Performance
Second Quarter 2026 Segment Financial Performance Customized Durable Sustainable Innovative ($ in Millions) Polymers Metals Fiber Closures • Polymers: Gross profit dollars and percent down on positive volumes due primarily to product sales mix Q2 25 Q2 26 Q2 25 Q2 26 Q2 25 Q2 26 Q2 25 Q2 26 • Metals
Slide 7: Guidance Reflects Updated Demand Outlook
Revised Low-End Guidance Guidance Reflects Updated Demand Outlook & Strong Free Cash Flow ($ in Millions) Adjusted EBITDA Guidance Assumptions $610M Volume Assumptions Previous Guidance Current Guidance Customized Polymer Solutions Up LSD Flat +8.9% YoY Durable Metal Solutions Flat to Down LSD Down
Slide 8: Optimizing Shareholder Value
Capital Allocation Optimizing Shareholder Value Priorities for Disciplined Driving Returns & Capital Deployment Balance Sheet Strength Maintain a Strong Foundation ▪ Manage leverage and liquidity Share ▪ $150M share repurchase plan completed1 ▪ Fund safety and maintenance CapEx Repurchase ▪ $300M ad
Slide 9: Delivering Strong and Durable Total Shareholder Return
Investment Thesis Delivering Strong and Durable Total Shareholder Return Packaging Leader to Durable Competitive Roadmap to Accelerate Driven by a Disciplined Essential Industries Advantages Profitable Growth Capital Allocation Strategy ▪ Polymers: High growth ▪ Robust scale of 220+ facilities ▪ Pri
Slide 10: Appendix
Second Quarter 2026 Earnings Conference Call Appendix April 29 , 2026 10
Slide 11: Delivering Customer Value Across Four Solutions
Optimized Greif Portfolio Delivering Customer Value Across Four Solutions CUSTOMIZED POLYMER DURABLE METAL SUSTAINABLE FIBER INNOVATIVE CLOSURE SOLUTIONS SOLUTIONS SOLUTIONS SOLUTIONS Small Polymer Large Steel Fiber Drums Containers Closures Tube & Core Large & Medium & Metal Medium Small Steel Clos
Slide 12: Sales Breakdown by Segment
Sales Breakdown by Segment excludes the impact of discontinued operations April 29 January 28,, 2026 12
Slide 13: Net Income to Combined Adjusted EBITDA
GAAP to Non-GAAP Reconciliation Net Income to Combined Adjusted EBITDA Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, our reported financial
Slide 14: Segment Operating Profit to Combined Adjusted EBITDA
GAAP to Non-GAAP Reconciliation Segment Operating Profit to Combined Adjusted EBITDA Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, our repo
Slide 15: Segment Operating Profit to Combined Adjusted EBITDA Cont.
GAAP to Non-GAAP Reconciliation Segment Operating Profit to Combined Adjusted EBITDA Cont. Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, ou
Slide 16: Adjusted Free Cash Flow
GAAP to Non-GAAP Reconciliation Adjusted Free Cash Flow Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, our reported financial results. Accor
Slide 17: Net Income and Class A Earnings Per Share Excluding Adjustments
GAAP to Non-GAAP Reconciliation Net Income and Class A Earnings Per Share Excluding Adjustments Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior t
Slide 18: Net Income and Class A Earnings Per Share Excluding Adjustments Cont.
GAAP to Non-GAAP Reconciliation Net Income and Class A Earnings Per Share Excluding Adjustments Cont. Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered supe
Slide 19: Leverage Ratio and Net Debt
GAAP to Non-GAAP Reconciliation Leverage Ratio and Net Debt Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, our reported financial results. A