Ranpak Holdings Corp · NYSE:PACK
Ranpak — Q3 2019 Earnings Presentation
14 slides from Ranpak's earnings presentation, Nov 7, 2019
Slide 1: Third Quarter 2019 Earnings Update
Deliver A Better World TM Third Quarter 2019 Earnings Update Deliver A Better World TM
Slide 2: Disclaimers
Deliver A Better World TM Disclaimers CAUTION ABOUT FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amende
Slide 3: Snapshot of Ranpak
Deliver A Better World TM Snapshot of Ranpak 2018A sales breakdown Industry leader offering full suite of environmentally By region(1) By category sustainable, systems-based packaging solutions for e-Commerce and industrial supply chains Asia 5% Automation 4% Wrapping Unique, highly effective razor
Slide 4: Deliver A Better World
Deliver A Better World ™ EPS box soli pine: sonvpeedopeion ‘ww co ce See maa RRS RESS. Yak lamas pemeete) creetiecses ec, Aner orange © Mn on enc peste poles Se cnrlerage cob ih proach ow protective tow cost efficiency © High protective @ High speed ot —_& High costeffciency a ‘Medium protective Low
Slide 5: Key 3Q Actions Update
Deliver A Better World TM Key 3Q Actions Update Customer Investment in Ownership Leadership Sustainability Relationships the Business Culture Human Capital • Sales Equity award roll-out Reestablished top to • Operations to entire employee Implementing Faster moving and top dialogues • Product Develo
Slide 6: Third Quarter 2019 Highlights
Deliver A Better World TM Third Quarter 2019 Highlights • Improved momentum – increased customer focus and operating efficiency • Growth ― Continued steady growth in machine placement - +7.5% year over year to 102,300+ ― Sales growth broad-based across geographies year over year - +8.8% on constant
Slide 7: Growth – 3Q 2019 Performance Summary
Deliver A Better World TM Growth – 3Q 2019 Performance Summary Increased systems placement by 7.5% year over year to over 102,000 $ in millions Pro Forma Commentary System Installed Base (‘000s) Constant Currency Net Sales(1) • Continued steady growth in the installed base across all product +7.5% $
Slide 8: Profitability - 3Q19 Pro Forma Gross Profit and Adjusted EBITDA Performance
Deliver A Better World TM Profitability - 3Q19 Pro Forma Gross Profit and Adjusted EBITDA Performance Commentary Pro Forma Gross Margin % (1) Pro Forma Adj. EBITDA(2) Gross margin 50% 35.0% +220 bps +6.9% Improved gross margin profile due to increased pricing and lower COGS 44.2% $22 45% EBITDA 42.0
Slide 9: Year to Date 2019 Performance Summary
Deliver A Better World TM Year to Date 2019 Performance Summary Increased systems placement by 7.5%Pro year over year to over 102,000 Forma $ in millions YoY Change by Quarter Constant Currency Net Sales(1) Pro Forma Gross Margin % (2) Pro Forma Adj. EBITDA(3) 1Q19 2Q19 3Q19 CC Net Sales 12.0% (6.5%
Slide 10: Liquidity and Capitalization
Deliver A Better World TM Liquidity and Capitalization • Ranpak completed the third quarter of 2019 in a strong liquidity position, including a cash balance of $13.6 million and its $45 million available Revolving Credit Facility undrawn • As of September 30, 2019, the Company had First Lien Term Lo
Slide 11: Appendix
Deliver A Better World TM Appendix 10
Slide 12: Reconciliation of Non-GAAP metrics
Deliver A Better World TM Reconciliation of Non-GAAP metrics (1) Represent unaudited financials. Due to the predecessor and successor accounting periods relating to the closing of the business combination, for the convenience of readers, we have presented the three and nine month periods ended Septe
Slide 13: GAAP Income Statement
Deliver A Better World TM GAAP Income Statement $ in millions except per share values 12
Slide 14: Deliver A Better World TM
Deliver A Better World TM 13