Ranpak Holdings Corp · NYSE:PACK
Ranpak — Q4 2020 Earnings Presentation
12 slides from Ranpak's earnings presentation, Mar 4, 2021
Slide 1: Fourth Quarter and Full Year 2020 Earnings Update
Fourth Quarter and Full Year 2020 Earnings Update March 4, 2021
Slide 2: Disclaimers
Disclaimers CAUTION ABOUT FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Our forward-looking statements include, but are not limited to, statements regarding
Slide 3: Fourth Quarter 2020 Update
Fourth Quarter 2020 Update Top-Line Performance • Strong finish – Net revenue of $90.2mm increased 13.9% on a constant currency basis compared to net revenue of $79.2mm in 4Q19(1) • Exceptional demand in Europe / APAC • Machine placement up 12.2% year over year to more than 117,000 Profitability • A
Slide 4: US Consumers Favor Sustainable eCommerce Packaging
US Consumers Favor Sustainable eCommerce Packaging The survey was conducted online within the United States by The Harris Poll on behalf of Ranpak from January 5-7, 2021 among 2,030 U.S. adults ages May 6, 2021 4 18 and older. The online survey is not based on a probability sample and therefore no e
Slide 5: Growth
System Installed Growth Base (‘000s) Constant Currency Net Revenue(1) $ in millions North America 120 12.2% $100 13.9% • Wrapping continues to gain traction 35% with strong growth 100 $80 • Sequential improvement in industrial end markets continues 80 12% $60 30% Europe / APAC 60 • All product lines
Slide 6: Profitability
Profitability $ in millions Pro Forma Adjusted EBITDA(1) $40 45% 14.6% Pro Forma Adj. EBITDA up 14.6% vs 40% 4Q19 36.4% 36.6% • Profitability increase due to higher 35% volumes and favorable input costs vs prior year 30% 25% $20 20% $33.0 Key Takeaways $28.8 15% • Significant volume expansion in the
Slide 7: Year to Date Performance
Year to Date Performance Pro Forma Constant Currency Net Revenue(1) Pro Forma Adjusted EBITDA(2) $ in millions $100 35.0% 7.8% 7.3% $300 31.5% 31.3% 30.0% $80 $250 25.0% 18% $200 $60 20.0% $150 $93.7 $87.3 15.0% $40 $100 10.0% $20 $50 (4%) 5.0% $0 $0 0.0% 2019 2020 2019 2020 North America Europe / A
Slide 8: Liquidity and Capitalization
Liquidity and Capitalization • Ranpak completed 4Q20 in a strong liquidity position, including a cash balance of $48.5 million and full availability of its $45 million Revolving Credit Facility • As of December 31, 2020 the Company had First Lien Term Loan facilities outstanding consisting of two te
Slide 9: 2021 Guidance
2021 Guidance • Continue to execute on our 2021 Guidance strategic vision: Drive growth Constant Currency Adjusted Net Revenue: $329 - $338 million while investing in the business (+10% - 13%) • Enhance existing capabilities Adjusted EBITDA: $101 - $103 million (+8% - 10%) • Invest further in Automa
Slide 10: Unaudited GAAP Income Statement Data
Unaudited GAAP Income Statement Data $ in millions except per share values 10
Slide 11: Reconciliation of Non-GAAP metrics
Reconciliation of Non-GAAP metrics $ in millions except per share values The results of operations data contained in this press release are based on our preliminary, unaudited results of operations for the year ended December 31, 2020. Such preliminary data should not be viewed as a comprehensive st
Slide 12: Ranpak
Ranpak Deliver a Better World”