Magnera Corporation · NYSE:MAGN
Magnera — Q1 2025 Earnings Presentation
24 slides from Magnera's earnings presentation, Feb 6, 2025
Slide 1: Fiscal 2025 Q1 Earnings Presentation
g Magnera | wics25 Fiscal 2025 — Q1 Earnings Presentation February 6, 2025
Slide 2: Safe Harbor Statements and Important Information
Safe Harbor Statements and Important Information Magnera (NYSE: MAGN) was formed from the spinoff and merger of Berry's HHNF Business with Glatfelter. The combined company serves 1,000+ customers worldwide, offering a wide range of products, including components for absorbent hygiene products, prote
Slide 3: Today's Presenters
Today’s Presenters Curt Begle Jim Till Robert Weilminster Chief Executive Officer Chief Financial Officer EVP, Investor Relations
Slide 4: Agenda
Agenda 1. Magnera Overview 2. Quarter Highlights 3. Consolidated Performance 4. Region Performance 5. Q&A 6 Magnera
Slide 5: We are a global leader in nonwovens
We are a global leader in nonwovens, with a broad platform of solutions for the specialty materials industry and an expanded footprint across North America, South America, Europe and Asia.
Slide 6: Who we are
Who we are Purpose Promise To better the Co-creation of innovative world with new material solutions that propel possibilities our customers’ goals and solve made real end-users’ problems Beliefs Passion is power Our success Curiosity Innovation is connected drives progress belongs in every conversa
Slide 7: Sustainability Snapshot
Sustainability Snapshot Our actions connected to our purpose * Social * Sustainability Olympics * Responsible water and resource user * Economic * High-performance breathable films * Energy consumption from renewable sources * Environmental * 15 facilities with zero waste to landfill * 17 facilities
Slide 8: Manufacturing Sites and Global Centers of Excellence
Manufacturing Sites and Global Centers of Excellence Broad global facility network, well-positioned to serve global CPGs and regional customers NORTH AMERICA + Gotineau, Canada + North Bay, Canada + Asheville, NCUSA + Augusta, KY USA + Benson, NC USA. + Fort Smith, AR USA + Madison, TN USA + MeAlest
Slide 9: A Global Leader
A Global Leader Revenue by Region eece Revenue by Global Capabilities Category Serving Customers Around the World with Our Unmatched Global Capabilities = Americas Rest of World Talare\’ceiateyal Expertise ™ Consumer Solutions Personal Care ¢ Solutions to Help Forward Our Customers’ Goals by Solving
Slide 10: Global Leadership Across Key Product Categories
Global Leadership Across Key Product Categories Mission Critical Products That Improve Everyday Lives Wipes Home, Food & Beverage Infrastructure Critical wipe solutions to keep Leading filtration and packaging Rugged, high-performance solutions for people healthy products to protect and store food b
Slide 11: Well-Positioned for Growth
Well-Positioned for Growth Anticipated Growth in Key End Markets (2024-2027 Consumption Growth) — Wipes 7% ay Home, Food & Beverage 5% i fa Infrastructure 8% 2: Personal Care 2-3% Source: Smithers Pira, Price Hanna, Management Estimates v 6 Magnera
Slide 12: Our Path to Success
Our Path to Success ele Stabilize Successful integration Exceptional customer service Brand launch 6%) Optimize Strategic transformation Operational excellence Organizational effectiveness ni Grow Value creation and growth Innovation excellence Long-term shareholder returns & Magnera
Slide 13: Q1 2025 Highlights
Q1 2025 Highlights Launched Magnera November 4th Synergy program design is complete with execution in progress Strong organic growth in our infrastructure and hard surface disinfecting categories Markets continue to be stable in North America with mixed results in Rest of World Quarter results above
Slide 14: Fiscal 1st Quarter Financial Performance
Fiscal 1st Quarter Financial Performance Revenue * Sales mix improvement and effective pricing actions to offset inflation Adjusted EBITDA * Favorable price/cost in the Americas and Rest of World Revenue Adjusted EBITDA * Cost discipline in markets experiencing MB qi 24 Mai 25 softer demand Note: $
Slide 15: Americas Financial Performance
Americas Financial Performance Revenue * Top line improvement driven by product mix and organic growth in both consumer solutions and personal care categories Adjusted EBITDA Revenue Adjusted EBITDA ° Benefited from improved mix to higher M01 24 Moi 25 value products and cost reduction efforts Note:
Slide 16: Rest of World Financial Performance
Rest of World Financial Performance 5 —_— Revenue ° Softness in Asian healthcare business » $28 partially offset by consumer solutions $286 $282 growth $25 Adjusted EBITDA | * Benefited from structural cost . Revenue Adiusted EBITDA reductions and improved product mix to higher value product categor
Slide 17: 2025 Guidance and Capital Allocation
2025 Guidance and Capital Allocation * Adjusted EBITDA $385 - $405M * Post-merger adjusted free cash flow $75 - $95M * Capital expenditures $85M Additional modeling variables: * Interest expense $130M * Integration and tax expense of $60M Note: $ in millions; Adjusted EBITDA, Post Merger - Adjusted
Slide 18: Contact Us
Contact Us KR Investors: Robert Weilminster ir@magnera.com
Slide 19: Appendix
MAGN So Magnera LISTED NYSE Appendix
Slide 20: Corporate Responsibility
Corporate Responsibility Sustainability Priorities Environmental We utilize various substrates to create products rooted in efficiency and engineered for performance. We prioritize new innovative ways to conserve natural resources, increase efficiency and reduce waste. We focus in areas where we can
Slide 21: Fiscal 1st Quarter: Net Sales and Adjusted EBITDA Bridges
Fiscal 1st Quarter: Net Sales and Adjusted EBITDA Bridges Consolidated Net Sales $702 $725 Siva $601 $11 $650 $575 $520 so — Dec 2023 Adjustments Dec 2023 Price Dec 2024 Comparable Consolidated EBITDA $90 $6 $84 $80 $12 $78 | $70 $66 il $60 $50 Dec 2023 Adjustments Dec 2023 Price/Cost Dec 2024 Compa
Slide 22: Reconciliation of Non-GAAP Measures and Estimates
Reconciliation of Non-GAAP Measures and Estimates (in millions of dollars) Reconciliation of Net sales and Adjusted EBITDA on a supplemental comparable basis by segment Quarterly Period ended December 28, 2024 Quarterly Period ended December 30, 2023 Americas Rest of World Total Americas Rest of Wor
Slide 23: Reconciliation Footnotes
Reconciliation Footnotes (a) (2) (3) (4) (5) (6) (7) Supplemental financial measures that are not required by, or presented in accordance with, accounting principles generally accepted in the United States (“GAAP”). These non-GAAP financial measures should not be considered as alternatives to operat
Slide 24: gS Magnera | wise:
gS Magnera | wise: