Ranpak Holdings Corp · NYSE:PACK
Ranpak — Q3 2021 Earnings Presentation
9 slides from Ranpak's earnings presentation, Oct 28, 2021
Slide 1: Third Quarter 2021 Earnings Update
Third Quarter 2021 Earnings Update October 28, 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: Third Quarter 2021 Update
Third Quarter 2021 Update Top-Line Performance • Excellent Third Quarter Performance – Net revenue of $95.6mm increased 25.6% on a constant currency basis compared to net revenue of $76.1mm in 3Q20(1) • Robust demand driving solid growth globally • North America up 12.0% year over year • Europe / AP
Slide 4: Growth
System Installed Growth Base (‘000s) Constant Currency Net Revenue(1) $ in millions 140 14.2% $100 25.6% North America 33% 120 • Cushioning and Wrapping key growth drivers $80 • Sustainability gaining traction across variety 100 of end markets 15% $60 36% 80 Europe / APAC 60 • Balanced strength acro
Slide 5: Profitability
Profitability $ in millions Constant Currency Adjusted EBITDA(1) $35 40% Constant Currency Adj. EBITDA up 20.3% 20.3% vs 3Q20 $30 35% • Strong growth in EBITDA driven by 30% 31.1% 29.8% higher volumes somewhat offset by $25 increased input costs 25% • Teams executing well to address $20 headwinds fr
Slide 6: Liquidity and Capitalization
Liquidity and Capitalization • Ranpak completed 3Q21 in a strong liquidity position, including a cash balance of $110.4 million and full availability of its $45 million Revolving Credit Facility • As of September 30, 2021 the Company had First Lien Term Loan facilities outstanding consisting of two
Slide 7: Unaudited GAAP Income Statement Data
Unaudited GAAP Income Statement Data $ in millions except per share values Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Paper revenue $ 81.2 $ 64.9 $ 229.5 $ 171.2 Machine lease revenue 11.8 10.4 35.0 28.3 Other revenue 4.1 1.5 10.3 6.8 Net revenue 97.1 76.8 2
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 September 30, 2021. 8
Slide 9: Ranpak
Ranpak Deliver a Better World”