Graphic Packaging Holding Company · NYSE:GPK
Graphic Packaging — Investor Presentation (June 2026)
19 slides from Graphic Packaging's investor presentation, June 2026
Slide 1: Investor Presentation June 2026
Investor Presentation June 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Any statements of the Company’s expectations in these slides, including, but not limited to, statements regarding addressable market size, inflation impact, full-year 2026 capital expenditures, Adjusted Cash Flow, 2
Slide 3: Graphic Packaging at a Glance
Graphic Packaging at a Glance Health & Beauty $8.6 billion $1.4 billion 22,000+ 2025 Net Sales 2025 Adj EBITDA1 Employees Household 4% 14% 100+ year 100+ facilities ~96% 39% Food Operating history Design and Packaging sold 2025 Manufacturing is recyclable2 Foodservice 19% Net Sales 3,000+ ~3,100 Ope
Slide 4: In the Hands of Tens of Millions, Multiple Times a Day
In the Hands of Tens of Millions, Multiple Times a Day Food at Home Snacking Food away from Home Beverages Pet Care Oral Care Personal Care Home Care Beauty Health Care 4
Slide 5: Unique Service Offering and Competitive Positioning
Unique Service Offering and Competitive Positioning Global Leader in Sustainable Consumer Packaging Partner of Choice for Consumer Goods & Foodservice Brands and Retailers Continuous Innovation to Meet Evolving Consumer Packaging Preferences Competitively Advantaged Global Network of State-of-the-Ar
Slide 6: Significant Expansion of Capabilities in Past Decade
Significant Expansion of Capabilities in Past Decade From Center of Store to Every Aisle and across Superstores, QSRs, and E-Commerce 2017 2026 6
Slide 7: Packaging that Consumers Interact with Everyday
Packaging that Consumers Interact with Everyday 7
Slide 8: Well-Diversified Portfolio Across Global Consumer Categories
Well-Diversified Portfolio Across Global Consumer Categories 39% 24% 19% Food Beverage Foodservice 14% 4% Health Household & Beauty Note: Figures denote % of 2025 Net Sales 8
Slide 9: Innovation Expands Market Opportunity
Innovation Expands Market Opportunity Driving development of more sustainable packaging solutions $5.0B Trays & Bowls $4.0B ADDRESSABLE PAPERBOARD $15B PACKAGING MARKET OPPORTUNITY Cups & Containers $2.5B Paperboard Canisters ~85% plastic replacement opportunities $2.0B Strength Packaging Addressabl
Slide 10: Integrated Global Network Supporting Customers
Integrated Global Network Supporting Customers PAPERBOARD MILLS PACKAGING FACILITIES • 5 paperboard mills in North America: • 100+ packaging and design facilities across the globe • 2 recycled paperboard mills • 2 unbleached paperboard mills • Strategically located to offer local approach to • 1 ble
Slide 11: Better, Every Day: Built On Our Values & Responsible Business Practices
Better, Every Day: Built On Our Values & Responsible Business Practices At Graphic Packaging, we package life’s everyday moments for a renewable future. And we want every one of those moments to be better for people and our planet. We do this by driving improvements across three strategic focus area
Slide 12: Q1 2026 Financial Results
Q1 2026 Financial Results Q1’26 HIGHLIGHTS ($M excl. EPS) Q1’26 Q1’25 Δ YoY • Volume +1%, Price -2% Net Sales $2,156 $2,120 +2% • Innovation Sales Growth $42M • FX +$50M Net Income/(Loss) ($43) $127 (134%) Adj. EBITDA1 $232 $365 (36%) BUSINESS DRIVERS Adj. EBITDA Margin1 10.8% 17.2% (640 bps) • Temp
Slide 13: Diversification of End Markets Driving Stability of Results
Diversification of End Markets Driving Stability of Results End Market Q1’25 Q2’25 Q3’25 Q4’25 2025 Q1’26 Food Beverage Foodservice Household Health & Beauty Total >+5% +2% to +5% -2% to +2% -2% to -5% >-5% Note: Chart represents Net Sales YoY. 13
Slide 14: 2026 Guidance Reaffirmed
2026 Guidance Reaffirmed1 Net Sales $8.4B - $8.6B Assumed Volume Range -1% to +1% Adj. EBITDA $1.05B - $1.25B Adj. Cash Flow $700M - $800M Adj. EPS $0.75 - $1.15 Capital Spending ~$450M 14 1. Includes current estimated F/X forecast impact.
Slide 15: Executing Near-Term Strategic Priorities
Executing Near-Term Strategic Priorities Focusing on Enhancing Optimizing Delivering free Deploying free disciplined profitability operations, cash flow growth cash flow to pay organic growth through cost footprint, and commitments down debt and and exceptional initiatives, portfolio to through inve
Slide 16: Focus on Delivering Adjusted Cash Flow
Focus on Delivering Adjusted Cash Flow Cash Flow Drivers Enhancing Future Adjusted Cash Flow Profile (Adjusted Cash Flow1 $M) • Past Peak Investment Cycle; $700 + Capital Spending at or Below EBITDA 5% of Sales Growth $700-$800 • Disciplined Approach to New $700 Capital Projects • Reduction of Paper
Slide 17: Prioritizing Debt Paydown and Deleveraging
Prioritizing Debt Paydown and Deleveraging <4.2x (Net 3.8x Leverage1) 3.2x 3.0x 2.8x <2.5x 2022 2023 2024 2025 2026 Guidance By 2030 Net Debt $5.1B $5.2B $5.1B $5.3B <$4.8B Investment Grade by 2030 ($M) 1. Net Leverage Ratio is a Non-GAAP Financial Measure. Please refer to earnings press release for
Slide 18: Disciplined Capital Allocation
Disciplined Capital Allocation Near-Term Priorities 1 2 3 REDUCE LEVERAGE RETURN CAPITAL CAPITAL SPENDING Strengthen balance sheet Return capital to Disciplined capital through cash flow shareholders through spending ≤ 5% of sales generation and quarterly dividend deleveraging ($0.11 per share1) 18
Slide 19: Clear Path to Value Creation
Clear Path to Value Creation Driving disciplined and sustainable growth through proactive commercial strategy and focused innovation Taking decisive actions to enhance operational efficiency and expand margins Optimizing footprint and portfolio on core competencies and highest return opportunities G
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