Greif Inc. · NYSE:GEF
Greif — Investor Presentation (April 2024)
25 slides from Greif's investor presentation, April 2024
Slide 1: Greif Inc. Investor Overview
Greif Inc. Investor Overview April 2024
Slide 2: Safe harbor
Safe harbor 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,” “project,” “believe,” “c
Slide 3: Company Overview
Company Overview April 2024
Slide 4: Greif: Over 145 years of packaging excellence
Greif: Over 145 years of packaging excellence M AT E R I A L S O L U T I O N S REGIONS $5.2b Sales1 Containerboard Boxboard North America EMEA Steel Plastics & Other LATAM & APAC Adjusted EBITDA1 Free Cash Flow1 & Margin & Conversion 250+ facilities 14,000+ $819m / 15.7% $481m / 58.7% 37 countries c
Slide 5: Global Industrial Packaging (GIP) Segment: diversified, scaled global product portfolio
Global Industrial Packaging (GIP) Segment: A diversified, scaled and comprehensive global product portfolio MATERIAL SOLUTIONS REGIONS STEEL DRUMS INTERMEDIATE BULK SMALL PLASTIC CONTAINERS CONTAINERS $2.9b Sales1 PLASTIC DRUMS FIBRE DRUMS CLOSURES Global End Markets Served % of Mix Key Market Drive
Slide 6: GIP Strategy: Expanding production of resin-based products
GIP Strategy: Expanding production of resin-based products which offer significant growth upside and stronger margin profile VERTICAL GROWTH OBJECTIVE Progress under Build to Last Intermediate Bulk Quickly scale to #2 player with defined Containers (IBCs) long-term path to #1 globally Small Build gl
Slide 7: GIP Strategy: Accelerating our growth through targeted M&A
GIP Strategy: Accelerating our growth through targeted M&A Growing our business through acquisitions to provide the most comprehensive suite of product offerings globally in high performing small plastics / jerrycans 31 JERRYCAN FACILITIES 18 COUNTRIES Growing in the compelling small plastics / Lega
Slide 8: Paper Packaging & Services (PPS) Segment: integrated and niche position
Paper Packaging & Services (PPS) Segment: An integrated and niche position in high-margin specialty product groups CONTAINERBOARD TUBES AND CORES CORRUGATED SHEETS & BOXBOARD $2.3b Sales1 PROTECTIVE PACKAGING BULK PACKAGING ADHESIVES Tube and Core End Markets Served % of Mix Key Market Drivers Paper
Slide 9: PPS Strategy: Generate earnings power through downstream converting
PPS Strategy: Generate earnings power through downstream converting and specialty offerings VERTICAL GROWTH OBJECTIVE Progress under Build to Last Downstream Invest in additional high-margin Converting URB / CB converting operations Corrugated Bulk Continue to organically grow Packaging high-margin
Slide 10: The Build to Last Strategy
The Build to Last Strategy April 2024 April 2024 P.10
Slide 11: Our Purpose, Vision, and Strategy are customer-aligned and value-focused
Our Purpose, Vision, and Strategy are customer-aligned and value-focused OUR PURPOSE We create packaging solutions for life’s essentials OUR VISION Be the best performing customer service company in the world OUR BUILD TO LAST STRATEGIC CREATING THRIVING DELIVERING LEGENDARY PROTECTING ENSURING COMM
Slide 12: Build to Last: Current progress on our strategic missions
Build to Last: Current progress on our strategic missions CREATING THRIVING DELIVERING LEGENDARY PROTECTING ENSURING COMMUNITIES CUSTOMER SERVICE OUR FUTURE FINANCIAL STRENGTH Embrace a low- 14th Annual Create enhanced carbon future Sustainability Achieve Zero Harm Customer 50+% of sites value throu
Slide 13: Our culture has created a competitive advantage
CREATING THRIVING COMMUNITIES Our culture has created a competitive advantage Driving a more engaged workforce 32nd 55th 71st 72nd 80th 82nd 84th 2018 2019 2020 2021 2022 2023 2024 (Gallup, manufacturing percentile) World Class Safety Leadership Safety as a Style Core Value Culture and Commitment Ma
Slide 14: We are driving value through superior customer service
DELIVERING LEGENDARY CUSTOMER SERVICE We are driving value through superior customer service Net Promoter Score Putting (NPS)1 the service Engaged profit chain Colleagues TO WORK 40 40 42 47 47 47 50 57 61 67 60 65 68 WAVE 1 WAVE 2 WAVE 3 WAVE 4 WAVE 5 WAVE 6 WAVE 7 WAVE 8 WAVE 9 WAVE 10 WAVE 11 WAV
Slide 15: Sustainability is embedded in our company DNA
PROTECTING OUR FUTURE Sustainability is embedded in our company DNA We have a long history of …embedded in our …and aligned to our growth sustainability leadership… products and services… and innovation strategy ▪ 14 consecutive Annual Sustainability ▪ Our recovered paper fibre group ▪ Our recent Gl
Slide 16: Our long-term financial targets under Build to Last
ENSURING FINANCIAL STRENGTH Our long-term financial targets under Build to Last Annual EBITDA Long-term EBITDA growth margin expansion1 Target free cash flow conversion goal FINANCIAL Mid-single 100 to 150 Over 50% TARGETS digits basis points C A P I TA L D E P L O Y M E N T CORE EARNINGS DRIVERS ▪
Slide 17: Long-term growth through disciplined capital allocation
ENSURING FINANCIAL STRENGTH Long-term growth through disciplined capital allocation MAINTAIN ▪ Fund critical maintenance and safety capex to protect the Maintenance A STRONG business and ensure continuity of cash generation CAPEX FOUNDATION ▪ Manage the balance sheet and debt levels appropriately De
Slide 18: GBS 2.0 creates value through continuous improvement
GBS 2.0 creates value through continuous improvement Our GREIF BUSINESS SYSTEM 2.0 MARKET EXCELLENCE creates a competitive advantage EXECUTION EXCELLENCE Enhancing our continuous improvement culture OPERATIONAL EXCELLENCE Optimizing global shared resources CAPITAL EXPENDITURE & ENGINEERING EXCELLENC
Slide 19: Creating long-term value under Build to Last
Creating long-term value under Build to Last CORE BUSINESS STRENGTH ▪ Scalable global franchises 1 BALANCED ▪ World-renowned brand and quality ▪ Rich history of service culture GROWTH ▪ Highly cash-generative assets BUILD TO LAST PRIORITIES ▪ Transform customer interface THE ▪ Operational automation
Slide 20: Recent investments have positioned Greif for breakout success
Recent investments have positioned Greif for breakout success Utilizing the Build to Last Strategy to set up Greif for the next wave of accelerated growth ▪ Build to Last leverages our competitive advantages and core competencies to maintain our global leading positions while driving accelerated gro
Slide 21: Appendix – Non-GAAP Reconciliations
Appendix – Non-GAAP Reconciliations April 2024 April 2024 P.21
Slide 22: GAAP to Non-GAAP Reconciliation: Net Income to Adjusted EBITDA
GAAP to Non-GAAP Reconciliation: Reconciliation of Net Income to 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
Slide 23: GAAP to Non-GAAP Reconciliation: Segment Operating Profit to Adjusted EBITDA
GAAP to Non-GAAP Reconciliation: Reconciliation of Segment Operating Profit to 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
Slide 24: GAAP to Non-GAAP Reconciliation: Adjusted Free Cash Flow
GAAP to Non-GAAP Reconciliation: Reconciliation of 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 finan
Slide 25: GAAP to Non-GAAP Reconciliation: Compliance Leverage Ratio
GAAP to Non-GAAP Reconciliation: Reconciliation of Compliance Leverage Ratio 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 fin