Ranpak Holdings Corp · NYSE:PACK
Ranpak — Q2 2026 Earnings Presentation
10 slides from Ranpak's earnings presentation, Jul 30, 2026
Slide 1: 2Q26 Earnings Presentation
2Q26 Earnings Presentation July 30, 2026
Slide 2: Disclaimers
Disclaimers The results of operations data contained in this presentation are based on our preliminary, unaudited results of operations for the quarter ended June 30, 2026. Such preliminary data should not be viewed as a comprehensive statement of our financial results for the quarter ended June 30,
Slide 3: Ranpak Second Quarter Performance Commentary
Ranpak Second Quarter Performance Commentary Automation momentum strong across North America and Europe/Asia; margin expansion initiatives taking hold; robust Europe/Asia performance despite challenging environment Strong growth in automation equipment sales across both North America and Europe/APAC
Slide 4: Revenue
Revenue System Installed Base (‘000s) Net Revenue North America $ in millions Constant Currency (Non- • Automation equipment sales and enterprise e- 2.3% Decrease in System GAAP) % Change(1) Commerce accounts delivering strong top-line results 175 Installed Base 120 12.2% (includes 0.4% non-cash dec
Slide 5: Profitability
Profitability Adjusted EBITDA(1) Increase of 13.9% at Constant Currency (Non-GAAP) % AEBITDA up 15.8% vs 2Q25 on an actual basis and $ in millions Change(2), (includes 1.8% non- includes a 1.8% non-cash headwind for the provision of cash decrease from warrants) warrants (13.9% on a constant currency
Slide 6: Year-to-Date Net Revenue and Adjusted EBITDA
Year-to-Date Net Revenue Year-to-Date Adjusted EBITDA(1) $ in millions $ in millions Constant Currency Constant Currency (Non-GAAP) % (Non-GAAP) % Change(1) Change(1) 8.4% 6.2% $280 $40 25.0% $240 $32 $200 22.5% $24 $160 20.0% $38.0 $120 $33.8 $16 $206.4 $183.5 18.4% 18.4% 17.5% $80 $8 $40 15.0% $0
Slide 7: Liquidity and Capitalization
Liquidity and Capitalization • Ranpak completed 2Q26 with a solid liquidity position - cash balance of $43.2 million and no drawings on its Revolving Credit Facility • Expected to improve cash balance meaningfully in the back half of the year due to seasonality and working capital improvement • Net
Slide 8: Unaudited GAAP Income Statement Data
Unaudited GAAP Income Statement Data $ in millions except shares and per share data Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Net product revenue $ 86.4 $ 77.8 $ 168.2 $ 155.4 Machine lease revenue 18.8 14.5 38.2 28.1 Net revenue 105.2 92.3 206.4 183.5 Cost of product
Slide 9: Reconciliation of Non-GAAP metrics
Reconciliation of Non-GAAP metrics $ in millions Three Months Ended June 30, Constant Six Months Ended June 30, Constant Currency (Non- Currency (Non- GAAP) % GAAP) % 2026 2025 $ Change % Change Change (6) 2026 2025 $ Change % Change Change (6) Net loss $ (7.9) $ (7.5) $ (0.4) 5.3 5.3 $ (18.1) $ (18
Slide 10: Ranpak
Ranpak Deliver a Better World”