Ranpak Holdings Corp · NYSE:PACK
Ranpak — Q2 2021 Earnings Presentation
9 slides from Ranpak's earnings presentation, Jul 29, 2021
Slide 1: Second Quarter 2021 Earnings Update
Second Quarter 2021 Earnings Update July 29, 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: Second Quarter 2021 Update
Second Quarter 2021 Update Top-Line Performance • Outstanding Second Quarter Performance – Net revenue of $87.5mm increased 29.1% on a constant currency basis compared to net revenue of $67.8mm in 2Q20(1) • Balanced strength globally • North America up 26.6% year over year • Europe / APAC up 30.8% o
Slide 4: Growth
System Installed Growth Base (‘000s) Constant Currency Net Revenue(1) $ in millions 125 12.9% $100 29.1% North America 30% • All PPS product lines up year over 100 $80 year • Cushioning and Wrapping drove strong growth 75 14% $60 31% • Sustainability gaining momentum 50 $40 Europe / APAC • Broad bas
Slide 5: Profitability
Profitability $ in millions Constant Currency Adjusted EBITDA(1) $30 40% Constant Currency Adj. EBITDA up 34.7% 34.7% vs 2Q20 35% • Impact of increased input and freight 29.3% 30% 28.0% costs offset by higher volumes and $20 25% operating leverage on G&A 20% $25.6 Key Takeaways 15% $10 $19.0 • Solid
Slide 6: Liquidity and Capitalization
Liquidity and Capitalization • Completed $110 million gross proceeds equity offering • Proceeds utilized for debt paydown and general corporate purposes • Ranpak completed 2Q21 in a strong liquidity position, including a cash balance of $125.3 million and full availability of its $45 million Revolvi
Slide 7: Unaudited GAAP Income Statement Data
Unaudited GAAP Income Statement Data $ in millions except per share values To come 7
Slide 8: 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 quarter ended June 30, 2021. 8
Slide 9: Ranpak
Ranpak Deliver a Better World”