Ranpak Holdings Corp · NYSE:PACK
Ranpak — Q1 2026 Earnings Presentation
9 slides from Ranpak's earnings presentation, Apr 30, 2026
Slide 1: 1Q26 Earnings Presentation
1Q26 Earnings Presentation April 30, 2026
Slide 2: Disclaimers
Disclaimers The results of operations data contained in this presentation are based on our preliminary, unaudited results of operations for the quarter ended March 31, 2026. Such preliminary data should not be viewed as a comprehensive statement of our financial results for the quarter ended March 3
Slide 3: Ranpak First Quarter Performance Commentary
Ranpak First Quarter Performance Commentary Strong growth from automation product line and large enterprise account momentum driving top-line; margin enhancement initiatives taking hold Strong growth in automation equipment sales and strength with large enterprise accounts in e-Commerce drove overal
Slide 4: Revenue
Revenue System Installed Base (‘000s) Net Revenue $ in millions North America Constant Currency (Non- 0.2% Increase in System GAAP) % Change(1) • Automation equipment sales and enterprise e- 175 Installed Base 120 4.5% (includes 0.9% non-cash Commerce accounts delivering strong top-line results decr
Slide 5: Profitability
Profitability Adjusted EBITDA(1) AEBITDA up 9.2% vs 1Q25 on an actual basis and Flat on Constant Currency (Non-GAAP) % Change(2), includes a 4.6% non-cash headwind for the provision of $ in millions (includes 4.6% non-cash warrants (flat on a constant currency basis). decrease from warrants) $22.0 •
Slide 6: Liquidity and Capitalization
Liquidity and Capitalization • Ranpak completed 1Q26 with a solid liquidity position - cash balance of $48.5 million and no drawings on its Revolving Credit Facility • Expected to increase cash balance remainder of the year • Net Leverage Ratio(1) of 4.7x as of March 31, 2026, • Bank Adj. EBITDA lev
Slide 7: Unaudited GAAP Income Statement Data
Unaudited GAAP Income Statement Data $ in millions except per share values Three Months Ended March 31, 2026 2025 Net product revenue $ 81.8 $ 77.6 Machine lease revenue 19.4 13.6 Net revenue 101.2 91.2 Cost of product sales 59.5 54.8 Cost of leased machines 6.8 5.5 Gross profit 34.9 30.9 Selling, g
Slide 8: Reconciliation of Non-GAAP metrics
Reconciliation of Non-GAAP metrics $ in millions Three Months Ended March 31, Constant Currency (Non- GAAP) % 2026 2025 $ Change % Change Change (6) Net loss $ (10.2) $ (10.9) $ 0.7 (6.4) (11.0) Depreciation and amortization expense – COS 7.8 6.1 1.7 27.9 Depreciation and amortization expense – D&A
Slide 9: Ranpak
Ranpak Deliver a Better World”