Slide 1: Fiscal 2025 – Q2 Earnings Presentation
Fiscal 2025 – Q2 Earnings Presentation May 7, 2025
Slide 2: Safe Harbor Statements and Important Information
Safe Harbor Statements and Important Information Magnera Corporation (NYSE: MAGN) serves 1,000+ customers worldwide, offering a wide range of material solutions, including components for absorbent hygiene products, protective apparel, wipes, specialty building and construction products, and products
Slide 3: Today's Presenters
Today’s Presenters Curt Begle Jim Till Robert Weilminster Chief Executive Officer Chief Financial Officer EVP, Investor Relations 3
Slide 4: Agenda
Agenda 1. Magnera and Market Update 2. Quarter Highlights 3. Consolidated Performance 4. Region Performance 5. Q&A 4
Slide 5: A Global Leader
A Global Leader Revenue by Division Revenue by cay Global Capabilities Category Serving Customers Around the World with Our Expansive Global Capabilities Personal Care = Americas Rest of World Innovation Expertise = Consumer Solutions ¢ Solutions to Help Forward Our Customers’ Goals by Solving End U
Slide 6: Manufacturing Sites and Global Centers of Excellence
Manufacturing Sites and Global Centers of Excellence Broad global facility network, well-positioned to serve global CPGs and regional customers NORTH AMERICA • Gatineau, Canada • North Bay, Canada • Asheville, NC USA • Augusta, KY USA • Benson, NC USA • Fort Smith, AR USA • Madison, TN USA • McAlest
Slide 7: Product Innovation Spotlight
Product Innovation Spotlight Award Winning Innovation TYPAR® Clear Acrylic Flashing recently won the Most Innovative Building Material award at the 2025 IBS . TYPAR® Clear Flashing Tape is a clear adhesive-backed film used to seal up rough openings during window or door installation. 7
Slide 8: Product Innovation Spotlight – Kamisoft UltraSoft
Product Innovation Spotlight – Kamisoft® UltraSoft Our newest and softest combination for premium baby and adult incontinence products Key Features: • Improved softness - 2x softer than standard Spunbond- Meltblown-Spunbond (SMS) products (1) • Performance - Maintains barrier and tensile strength •
Slide 9: Well Positioned to Benefit from Evolving Sustainability Expectations
Well Positioned to Benefit from Evolving Sustainability Expectations Chicopee rMicrofibre Sontara® EC Green Value proposition Value proposition Made from 100% recycled materials, reduces Made from 100% cellulosic and CO2 emissions by 50%, and removes 99.97% of renewable raw materials while durabilit
Slide 10: Our Path to Success
Our Path to Success Building a specialty materials business leader positioned for growth Stabilize Optimize Grow • Successful integration • Strategic • Value creation and • Exceptional customer transformation growth service • Operational excellence • Innovation excellence • Brand launch • Organizati
Slide 11: Q2 2025 Highlights
Q2 2025 Highlights • Integration of businesses and synergy execution progressing ahead of original schedule • Organic growth in wipes and infrastructure offset by softness in Europe and South America • Performance slightly below our expectations driven primarily by inflation and pockets of softer co
Slide 12: Synergy Update – Committed to $55M and Identifying More
Synergy Update – Committed to $55M and Identifying More Program Focus Target > Program Assessment and Design ✓ > General and Administrative ~$10 M > Procurement ~$35 M > Operations ~$10 M 12
Slide 13: Fiscal 2nd Quarter Financial Performance
Fiscal 2nd Quarter Financial Performance Revenue * Revenue negatively impacted by demand softness in our South America and Europe regions Adjusted EBITDA ° Unfavorable price/cost resulting from Revenue Adjusted EBITDA energy inflation in Europe and product ergy Pp 2) WM Q2 24 M2 25 mix Note: $ in mi
Slide 14: Americas Performance
Americas Performance Revenue * Volumes flat overall as growth in consumer solutions was offset by demand softness in our South America region Adjusted EBITDA Revenue Adjusted EBITDA * Negative price/cost resulting from WB o2 24 M2 25 unfavorable product mix Note: $ in millions; prior year metrics ar
Slide 15: Rest of World Performance
Rest of World Performance : —_— Revenue * Softer volume in Europe Personal Care and Home, Food and Beverage end markets Adjusted EBITDA * Unfavorable price/cost resulting from Revenue Adjusted EBITDA energy inflation in Europe Hl 02 24 M2 25 Note: $ in millions; prior year metrics are presented on a
Slide 16: 2025 Revised Guidance and Capital Allocation
2025 Revised Guidance and Capital Allocation • Adjusted EBITDA (1) $360 - $380M Cash Flow From Operations • Post-Merger Adjusted Free Cash Flow $75 - $95M Capex Portfolio Improvement 2-3% near term • Capital Expenditures $75M Leverage Target 3X (1) Guidance does not include potential impacts from si
Slide 17: Contact Us
Contact Us Investors: Robert Weilminster ir@magnera.com
Slide 18: Appendix
MAGN So Magnera LISTED NYSE Appendix
Slide 19: Safety – It's Personal
Safety – It’s Personal 3 Industry Average • Significantly lower than industry recordable average 2.8 OHSA recordable incident rate • Continue efforts towards zero workplace injuries 2 • Celebrating working injury free 1.0 • 10 years Caerphilly, United Kingdom 1 0.9 0.8 0.8 0.8 0.7 • 6 years Aberdare
Slide 20: Fiscal 2nd Quarter: Net Sales and Adjusted EBITDA Bridges
Fiscal 2nd Quarter: Net Sales and Adjusted EBITDA Bridges Consolidated Revenue Americas EBITDA $900 4 $70 5 $301 $859 __ _ $7 $00 | “Se is “14 $65 ses -$3 $700 + $60 | $59 $600 + rr $55 $500 ml $50 ; Q2 2024 Adjustments —Q2 2024 Volume Price Q2 2025 Q2 2024 Adjustments Q2 2024 Price/Cost Q2 2025 com
Slide 21: Reconciliation of Non-GAAP Measures and Estimates
Reconciliation of Non-GAAP Measures and Estimates Reconciliation of Net sales and Adjusted EBITDA on a supplemental comparable basis by segment 21
Slide 22: Guidance and Reconciliation Footnotes
Guidance and Reconciliation Footnotes 22
Slide 23: Fiscal 2024: Quarterly Revenue and Adjusted EBITDA
Fiscal 2024: Quarterly Revenue and Adjusted EBITDA Revenue Q1 Q2 Q3 Q4 Fiscal 2024 HHNF 519 558 556 554 2,187 GLT 320 327 329 332 1,308 Total 839 885 885 886 3,495 Adjusted EBITDA HHNF 66 76 74 66 282 GLT 25 24 26 25 100 Total 91 100 100 91 382 Note: GLT sales in October 2024 were $112M, $ in millio
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