Ranpak Holdings Corp · NYSE:PACK
Ranpak — Q3 2020 Earnings Presentation
14 slides from Ranpak's earnings presentation, Nov 6, 2020
Slide 1: Third Quarter 2020 Earnings Update
Third Quarter 2020 Earnings Update November 6, 2020
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: 3Q Update and Priorities
3Q Update and Priorities Health and Safety Business Continuity Capitalization Health and safety of employees Focused on meeting the needs of Strong cash and liquidity position remains top priority our customers • Cash position of $31.3mm • Strict safety measures in place • Operations online with few
Slide 4: Third Quarter 2020 Update
Third Quarter 2020 Update Top Line Performance • Strong operational execution in a challenging environment – Net revenue of $76.1mm increased 8.1% on constant currency basis compared to pro forma net revenue of $70.4mm in 3Q19 (1) • Elevated eCommerce activity outweighed softness in industrial end m
Slide 5: PadPak Guardian
PadPak Guardian ® TM What is it? • Guardian is the next generation in our cushioning line-up. It’s compact, innovative, fast and designed to be versatile for top of the line protection for light to heavy goods during shipment. This technology can be used for cushioning, blocking-and-bracing or even
Slide 6: Sales
Sales System Installed Base (‘000s) Pro Forma Constant Currency Net Sales(1) 120 $ in millions North America 10.6% $90 • Strong wrapping growth and new product 35% introductions providing momentum 100 $80 8.1% $70 Europe / APAC 80 $60 • All product lines up year-over-year 10% 14% • Void-fill and Wra
Slide 7: Profitability
Profitability Pro Forma Adjusted EBITDA(1) $ in millions Pro Forma Adj. EBITDA up 7.7% vs 3Q19 $25 40% • Profitability increase driven by higher sales 7.7% volumes and favorable input costs 35% • Margin flat year over year due to 31% 31% investment in initiatives 30% • Depreciation expense higher ye
Slide 8: Year to Date Performance
Year to Date Performance Pro Forma Adjusted EBITDA(2) Pro Forma Constant Currency Net Sales(1) $70 40% $ in millions $250 4.1% 35% 5.3% $60 $ 2 0 8 .7 $ 1 9 8 .2 $200 30% 29% 29% $50 25% $150 14% $40 20% $58.4 $60.8 $100 15% $30 10% $50 ( 4 %) $20 5% $0 $10 0% 3Q19 3Q20 YTD19 YTD20 North America Eur
Slide 9: Liquidity and Capitalization
Liquidity and Capitalization • Ranpak completed 3Q20 in a strong liquidity position, including a cash balance of $31.3 million and full availability of its $45 million Revolving Credit Facility • As of September 30, 2020 the Company had First Lien Term Loan facilities outstanding consisting of two t
Slide 10: Recyclable Renewable Biodegradable
Recyclable Paper recycling reduces our dependence on oil products as plastic, which have some horrific effects on the environment. Paper is the most recycled product with a rate above 72% in Europe and 65.8% in North America Renewable Biodegradable As trees grow, they absorb carbon dioxide For natur
Slide 11: Appendix
Appendix
Slide 12: Unaudited GAAP Income Statement Data
Unaudited GAAP Income Statement Data $ in millions except per share values November 6, 2020 12
Slide 13: Reconciliation of Non-GAAP Metrics
Reconciliation of Non-GAAP Metrics $ in millions except per share values Quarterly Year to Date September 30, 1Q19(1) 1Q20(1) 2Q19(1) 2Q20(1) 3Q19(1) 3Q20(1) 2019 (1) 2020 (1) Net sales Reported net sales 66.1 63.4 56.6 66.1 69.1 76.8 191.8 206.3 Constant currency adjustment 0.5 1.4 0.7 1.7 1.2 (0.7
Slide 14: Ranpak
Ranpak Deliver a Better World”