Graphic Packaging Holding Company · NYSE:GPK

Graphic Packaging — Investor Presentation (May 2025)

19 slides from Graphic Packaging's investor presentation, May 2025

  1. Slide 1: Investor Presentation May 2025

    Investor Presentation May 2025 © 2025 Graphic Packaging Holding Company

  2. Slide 2: Forward-Looking Statement

    Forward-Looking Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Any statements of the Company’s expectations in these slides, including, but not limited to, statements regarding the Company’s plans and ability to meet its Vision 2030 goals, expected incremental EBITDA from the ne

  3. Slide 3: Graphic Packaging at a Glance

    Health & Beauty Graphic Packaging at a Glance Household 4% Global Leader in Sustainable Consumer Packaging 12% Food 38% Foodservice 2024 $8.8B $1.7B 21% Sales 2024 Net Sales 2024 Adj EBITDA1 25% Atlanta, GA +23,000 Beverage Headquarters Employees ~95% 26 Revenues from Countries recyclable products2

  4. Slide 4: Expansion of capabilities with diversified portfolio of consumer markets and products built over time

    Expansion of capabilities with diversified portfolio of consumer markets and products built over time 10% 4% 12% 10% 2017 2024 38% $4.4B 50% 21% $8.8B Sales Sales 30% 25% 4 Legend:

  5. Slide 5: Historical strength in the center of the store in dry food and beverage

    Historical strength in the center of the store in dry food and beverage 5

  6. Slide 6: Our innovation platforms extend our reach across retail channels and markets

    Our innovation platforms extend our reach across retail channels and markets 6

  7. Slide 7: Graphic Packaging's products are in the hands of tens of millions of consumers multiple times a day

    Graphic Packaging’s products are in the hands of tens of millions of consumers multiple times a day Food Beverage Foodservice Household Health & Beauty 38% 25% 21% 12% 4% 7 Note: Percentages represent 2024 Sales Mix

  8. Slide 8: Consumer Packaging Sales by Market

    Consumer Packaging Sales by Market We “move with the consumer” to deliver consistent results and profitability 2023 FY 2024 FY 2025 Q1 Q2 Q3 Q4 2023 Q1 Q2 Q3 Q4 2024 Q1 Food Beverage Foodservice Household Health & Beauty Total 8 Note: YoY unadjusted; excludes Russia.

  9. Slide 9: Consistent results across a wide range of market conditions

    Consistent results across a wide range of market conditions Price increases announced in response to recent input cost inflation Volume1 Adj EBITDA Margin 7% Customer Destocking Consumer Affordability Customer Destocking Consumer Affordability 21% 5% 3% 19% * * 1% -1% -3% -5% -7% Q1'23 Q2'23 Q3'23 Q

  10. Slide 10: Transformational Investment

    Transformational Investment Capabilities ▪ 2018: Combination with International Paper Consumer Packaging business ▪ scale exposure to growing foodservice markets Innovation ▪ 2021: Acquisition of AR Packaging ▪ global innovation leadership Competitive Advantage ▪ 2022: Build Kalamazoo K2 recycled pa

  11. Slide 11: Europe: From supplier to 'Partner of Choice' in fragmented market

    Europe: From supplier to ‘Partner of Choice’ in fragmented market Acquisition of AR Packaging enhanced innovation expertise and expanded capabilities, market coverage, and geographic footprint 15% 15% Other 48% 8% Legacy GPK (~$1B) + AR Packaging (~$1B) 8% 2%4% Food Beverage Health Care Foodservice

  12. Slide 12: High Engagement with Customers Across Five Innovation Platforms

    High Engagement with Customers Across Five Innovation Platforms Addressable Market Opportunity $15 Billion $5.0B $4.0B $1.5B $2.5B $2.0B Trays & Bowls Cups & Containers Multi-Packs Paperboard Canisters Strength Packaging 12

  13. Slide 13: Graphic Packaging global innovation capabilities well positioned to benefit from sustainability regulations

    Graphic Packaging global innovation capabilities well positioned to benefit from sustainability regulations Recent passage of PPWR creates new urgency for European consumer packaging KeelClipTM ProducePackTM PaperSealTM Punnet Value Proposition Value Proposition Value Proposition Paperboard clip-sty

  14. Slide 14: Better, Every Day through our 2030 sustainability commitments

    Better, Every Day through our 2030 sustainability commitments BETTER, EVERY DAY PILLAR ACTION AREA 2030 GOALS UN SDG CONNECTION Driving • Every new product innovation more circular, more functional, Better Packaging Circularity and more convenient than existing alternatives • 75 th percentile employ

  15. Slide 15: Scope 1 & 2 Emissions Decarbonization Pathway

    Scope 1 & 2 Decarbonization Pathway1 Proposed renewable fuel projects at paperboard facilities combined with modeled grid greening are projected to achieve ~70-75% of the 2032 target BAU Grid 2,000,000 2021 Growth2 Greening Scope 1 & 2 Emissions (metric tons CO2e) Emissions Renewable Fuel Projects 1

  16. Slide 16: Global Leader in Sustainable Consumer Packaging

    Global Leader in Sustainable Consumer Packaging Innovation Culture Planet Results Build the leading Enable a safe, engaged, Steadily and measurably Consistently execute for sustainability-focused customer-focused improve the environmental customers, shareholders consumer packaging culture footprint

  17. Slide 17: Vision 2030 Base Financial Model and Capital Allocation Priorities

    Vision 2030 Base Financial Model and Capital Allocation Priorities Base Model: Annual Sales Annual Adj Annual Adj Normalized Capex Growth EBITDA Growth EPS Growth (% of sales) Low-Single Digits Mid-Single Digits High-Single Digits ~5% After 2025 Capital Priorities: ▪ Reinvest to Expand Capabilities1

  18. Slide 18: Significant Cash Flow to Deploy for Value Creation

    Significant Cash Flow to Deploy for Value Creation ~$5B+ Cash Flow (~$17/share) 2024-2030 Vision ~$2.5B Cash Flow (~$8/share) 2030 2024-2027 2029 2028 ~$1B Cash Flow ~$1B Cash Flow 2027 2nd incremental 2026 $80M Waco Incremental EBITDA 2025 $80M Waco ~$900M to ~$1B EBITDA Cash Flow CapEx Cycle 2024

  19. Slide 19: 2025 Guidance and Commentary

    2025 Guidance and Commentary Previous1 Current2 ▪ Net Sales $8.6B to $8.8B $8.2B to $8.5B ▪ Assumed Volume +1% to +3% -4% to Flat ▪ Adjusted EBITDA $1.66B to $1.76B $1.4B to $1.6B ▪ Adjusted EPS $2.48 to $2.73 $1.75 to $2.25 ▪ Capital Spending: ~$700M ▪ Innovation Sales Growth: at least 2% of Sales

Graphic Packaging Holding Company — Investor Presentation (May 2025) on 6ix