Greif Inc. · NYSE:GEF
Greif — Q3 2025 Earnings Presentation
19 slides from Greif's earnings presentation, Aug 28, 2025
Slide 1: Third Quarter 2025 Earnings Conference Call
Third Quarter 2025 Earnings Conference Call August 28, 2025 1
Slide 2: Safe Harbor and Presentation Note
Safe Harbor and Presentation Note FORWARD-LOOKING STATEMENTS This presentation contains certain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. The words “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “aspiration,” “objective,” “p
Slide 3: Accelerating Portfolio Transformation and Unlocking Cost Efficiency
Accelerating Portfolio Transformation and Unlocking Cost Efficiency Sharpening Our Portfolio Executing on Cost Optimization Containerboard Land Management Savings Achieved 2027 Commitment Divestment Divestment 2025 Fiscal Year-End Run-Rate Savings All-cash transaction for All-cash transaction for Ru
Slide 4: Demonstrating Resilience Amid Market Softness
Third Quarter 2025 Year-over-Year Volume Trends Demonstrating Resilience Amid Market Softness Reflects continuing operations EMEA Softness Customized Polymer Solutions 2.2% ▪ Volume strongest in small containers (up low-double) with lower IBC and x% large drum volume (down mid-single) NA Softness AP
Slide 5: Total Company Financial Performance
Third Quarter 2025 Total Company Financial Performance from continuing operations ($ in Millions except per share) Q3 FY24 Q3 FY25 Adjusted EBITDA 157.0 160.7 Adjusted EBITDA % 13.5% 14.2% Adjusted Class A Earnings Per Share 0.92 1.03 Adjusted Free Cash Flow 34.3 170.7 • Announced definitive agreeme
Slide 6: Segment Financial Performance
Third Quarter 2025 Segment Financial Performance from continuing operations Customized Durable Sustainable Integrated Polymers Metals Fiber Solutions • Polymers: Sales continue to improve on volume, ($ in Millions) price and mix from target end markets of Food/Bev, Q3 24 Q3 25 Q3 24 Q3 25 Q3 24 Q3 2
Slide 7: Guidance for 11-Month Fiscal Year Ending September 30th
2025 Guidance Guidance for 11-Month Fiscal Year Ending September 30th 2025 Guidance1 KEY GUIDANCE ASSUMPTIONS ($ in Millions) Provided Q2’25 Provided Q3’25 Change ($ in Millions) Combined Adjusted EBITDA Financial assumptions DD&A 251 237 – 247 (10) $725 – 735M Adj. capital expenditures 165 135 – 14
Slide 8: Delivering Shareholder Value Creation
Why Invest in Greif 1 Packaging Leader to Essential Industries ▪ Highly scalable global franchise Delivering Shareholder ▪ World-renowned brand and high product quality ▪ Positioned to capture incremental product share Value Creation 2 Positioned to Deliver Stronger Earnings Power ▪ Ongoing mix shif
Slide 9: Appendix
Third Quarter 2025 Earnings Conference Call Appendix August 28, 2025 9
Slide 10: Optimized Business Model Enables Margin Expansion and Efficiency Gains
Optimized Business Model Enables Margin Expansion and Efficiency Gains Customized Polymer Durable Metal Sustainable Fiber Integrated Solutions Solutions Solutions Solutions Small Containers Large Steel Fibre Drums Caps & Closures Large & Medium Medium & Small Paints, Linings Tubes and Cores Containe
Slide 11: Sales Breakdown by Segment
Sales Breakdown by Segment excludes the impact of discontinued operations August 28, August 28, 2025 2025 11
Slide 12: 2025 Adjusted Free Cash Flow Guidance
GAAP to Non-GAAP Reconciliation 2025 Adjusted Free Cash Flow Guidance Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, our reported financial
Slide 13: Net Income to Combined Adjusted EBITDA
GAAP to Non-GAAP Reconciliation Net Income to Combined Adjusted EBITDA Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, our reported financial
Slide 14: Segment Operating Profit to Combined Adjusted EBITDA
GAAP to Non-GAAP Reconciliation Segment Operating Profit to Combined Adjusted EBITDA Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, our repo
Slide 15: Segment Operating Profit to Combined Adjusted EBITDA Cont.
GAAP to Non-GAAP Reconciliation Segment Operating Profit to Combined Adjusted EBITDA Cont. Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, ou
Slide 16: Net Income to Adjusted EBITDA from Discontinued Operations
GAAP to Non-GAAP Reconciliation Net Income to Adjusted EBITDA from Discontinued Operations Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, ou
Slide 17: Adjusted Free Cash Flow
GAAP to Non-GAAP Reconciliation Adjusted Free Cash Flow Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, our reported financial results. Accor
Slide 18: Net Income and Class A Earnings Per Share Excluding Adjustments
GAAP to Non-GAAP Reconciliation Net Income and Class A Earnings Per Share Excluding Adjustments Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior t
Slide 19: Compliance Leverage Ratio and Net Debt
GAAP to Non-GAAP Reconciliation Compliance Leverage Ratio and Net Debt Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or substitute for, and should not be considered superior to, our reported financial