Gpgi, Inc. · NYSE:GPGI
Gpgi — Q4 2025 Earnings Presentation
45 slides from Gpgi's earnings presentation, Mar 12, 2026
Slide 1: Fourth Quarter 2025 Earnings Presentation
TM Fourth Quarter 2025 Earnings Presentation March 12, 2026
Slide 2: Disclaimer
GPGI CompoSecure Husky Guidance Disclaimer Forward-Looking Statements This presentation, and other statements that GPGI, Inc. (“GPGI,” “we,” “us” or the “Company”) may make in connection therewith, contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995.
Slide 3: GPGI Platform Overview
GPGI GREAT POSITIONS | GOOD INDUSTRIES
Slide 4: GPGI Is A Diversified, Multi-Industry Platform
GPGI CompoSecure Husky Guidance GPGI IS A DIVERSIFIED, MULTI-INDUSTRY PLATFORM FOR COMPANIES THAT HOLD “GREAT POSITIONS IN GOOD INDUSTRIES.” THE PLATFORM IS PURPOSE-BUILT TO ACQUIRE, OWN, AND SCALE HIGH-QUALITY BUSINESSES LED BY GREAT OPERATORS, BENEFITING FROM A PERMANENT CAPITAL BASE AND THE SYSTE
Slide 5: Introducing GPGI
GPGI CompoSecure Husky Guidance Introducing GPGI Great Positions in Good Industries Platform Overview GPGI’s Long-Term ▪ GPGI, Inc. (NYSE: GPGI), formerly known as CompoSecure, Inc., is a diversified, multi-industry operating platform Growth Framework ▪ Designed to acquire and grow best-in-class bus
Slide 6: Model Structure
GPGI CompoSecure Husky Guidance Model Structure How the Platform Works Resolute Holdings Resolute Operating System, M&A, and Capital Allocation GPGI (NYSE: RHLD) (NYSE: GPGI) Business Unit Business Unit Quarterly Management Fee1 Board of superior operators Limited corporate overhead Drive business g
Slide 7: Value Creation Process
GPGI CompoSecure Husky Guidance Value Creation Process Disciplined Investing and Operating Excellence Drives Superior Performance Leadership’s Track Record of Outperformance Develop high-performance culture 20.4x 2,398% 2.5x 797% Implement Resolute Operating System 321% 117% S&P 500 HON 1 S&P 500 VR
Slide 8: High-Performance Culture
GPGI CompoSecure Husky Guidance High-Performance Culture Setting the Foundation at GPGI Set expectations ▪ Focus on the customer based upon opportunity, not ▪ Do not focus on constraints, focus on what is possible. Eliminate incrementalism versus last year ▪ Reward results, not effort ▪ Develop stra
Slide 9: Resolute Operating System (ROS)
GPGI CompoSecure Husky Guidance Resolute Operating System (ROS) How We Operate Our Businesses All companies’ processes are Cultural change is important, it’s not Overview Growth, costs, and cash inefficient and ineffective (“they suck”) just knowing Japanese terms Grow Sales ✓ Focus on the customer
Slide 10: How it Works – Implementation Arc of ROS
GPGI CompoSecure Husky Guidance How it Works – Implementation Arc of ROS ROS is the Cultural Cornerstone of Every GPGI Business Seed Planting Begins for Cultural Transformation Continued Improvement Drives Compounding Foundation of Excellence Begins to Take Hold Financial Performance ▪ Cultural chan
Slide 11: CompoSecure Case Study
GPGI CompoSecure Husky Guidance CompoSecure Case Study Catalyzing Growth, Controlling Costs, and Strategically Reinvesting in the Business Resolute Operating System Driving Phased Inflection in Financial Performance Revenue ($mn) Adjusted EBITDA1,2 ($mn) Adjusted EBITDA Margins1,2 Pre-GPGI $121 Pre-
Slide 12: Investment Strategy
GPGI CompoSecure Husky Guidance Investment Strategy Platform Designed to Operate Durable Businesses and Acquire Opportunistically ATTRACTIVE BASE enables DISCIPLINED APPROACH TO ACQUISITIONS Operate Existing Core Acquire Only When it Makes Sense Acquisitions always evaluated against six investment ✓
Slide 13: How We Invest
GPGI CompoSecure Husky Guidance How We Invest Six Criteria – What We Look For in Acquisitions Good Industry Growing, profitable, can differentiate, recurring a plus Great Position Great market position or possible to get there Differentiate with Increase R&D for innovation funded with operational ef
Slide 14: CompoSecure Business Update
CompoSecure Business Update
Slide 15: CompoSecure Is The Leading Global Producer of Premium Metal Payment Cards
GPGI CompoSecure Husky Guidance COMPOSECURE IS THE LEADING GLOBAL PRODUCER OF PREMIUM METAL PAYMENT CARDS AND SECURE AUTHENTICATION SOLUTIONS. THE COMPANY PRODUCES 32MN+ CARDS PER YEAR FOR CUSTOMERS THAT INCLUDE THE LARGEST AND MOST PRESTIGIOUS CARD ISSUING BANKS ALONG WITH LEADING FINTECHS AND NEOB
Slide 16: 4Q25 and FY25 Summary
GPGI CompoSecure Husky Guidance 4Q25 and FY25 Summary Delivering Strong Organic Growth and Continued Operating Performance Appointed Graham Robinson as President and Chief Executive Officer of the CompoSecure business unit, adding a 30-year proven veteran to drive the next phase of CompoSecure’s gro
Slide 17: Great Position – CompoSecure is the Industry Standard
GPGI CompoSecure Husky Guidance Great Position – CompoSecure is the Industry Standard Leading Manufacturer of Metal Payment Cards Globally Leading Competitive Position ▪ Consistent focus on R&D and innovation – have 1,044 utility and design patents granted or pending1 ▪ Card program and prototype de
Slide 18: Customer Value Proposition
GPGI CompoSecure Husky Guidance Great Position – CompoSecure Value Map Delivering an Unparalleled Value Proposition to Customers Understanding Customer-Centric Advanced Card Seamless Customer Needs Card Innovation Manufacturing Transaction Security No off-the-shelf machines, Evaluate existing Design
Slide 19: Good Industry – Operating in a Secularly Growing Market
GPGI CompoSecure Husky Guidance Good Industry – Operating in a Secularly Growing Market Significant Penetration Opportunity for Metal Payment Cards Robust Metal Card Growth Across All Regions Key Drivers Underlying Growth Forecast (Market value of global metal card market in millions of dollars) ▪ M
Slide 20: Good Industry – Operating in a Secularly Growing Market
GPGI CompoSecure Husky Guidance Good Industry – Operating in a Secularly Growing Market Metal Card Demand Accelerating Within Expanding Base of Total Cards in Circulation Metal Card Market Growth Algorithm Visa / Mastercard Credit Cards in Circulation (Number of credit cards in circulation by respec
Slide 21: Differentiating with Technology – Arculus
GPGI CompoSecure Husky Guidance Differentiating with Technology – Arculus Hardware-Bound Multifactor Authentication Features Differentiated Security and Simplicity One Chip Compatible Across Breadth of Uses The Arculus Advantage Multifunctional ✓ Authenticates new connected devices Consolidates feat
Slide 22: Organic Growth – Recurring Revenue Underpins Growth
GPGI CompoSecure Husky Guidance Organic Growth – Recurring Revenue Underpins Growth Card Replacement Cycles Provide Revenue Visibility and Establish Foundation for Durable Growth ~75% Recurring Revenue1 Lost / Stolen Cards Expired Cards Reissued Cards Net New Accounts, Cards issued after Card replac
Slide 23: Organic Growth – Invigorating Go-to-Market and Innovation
GPGI CompoSecure Husky Guidance Organic Growth – Invigorating Go-to-Market and Innovation Advanced Engineering and Design Expertise Critical to Securing High-Profile Customer Wins Relentless Innovation Recent Program Wins Latest program wins demonstrate CompoSecure’s customer-centric innovation and
Slide 24: Financial Highlights – 4Q25 and FY25
GPGI CompoSecure Husky Guidance Financial Highlights – 4Q25 and FY25 Significant Year-over-Year Progress Against All Key Metrics Helped by ROS Net Sales ($mn) Gross Margin PF Adjusted EBITDA ($mn)1,2 PF Adjusted EBITDA Margin1,2 $117.7 ▲ ▲ ▲ $43.0 ▲ 36.5% 55.7% 16.7% 359bps 41.4% 640bps $100.9 52.1%
Slide 25: Husky Business Update
Husky Business Update
Slide 26: Husky Is The Global Leader In Injection Molding Equipment
GPGI CompoSecure Husky Guidance HUSKY IS THE GLOBAL LEADER IN THE MANUFACTURING OF HIGHLY-ENGINEERED INJECTION MOLDING EQUIPMENT AND AFTERMARKET TOOLING AND SERVICES. THE COMPANY HAS ~13,500 INSTALLED SYSTEMS, REPRESENTING SIGNIFICANT GLOBAL MARKET SHARE AND ~65% RECURRING REVENUE FROM AFTERMARKET P
Slide 27: Great Position – Husky is the Industry Standard
GPGI CompoSecure Husky Guidance Great Position – Husky is the Industry Standard Mission Critical Products and Proven Track Record Create Durable Competitive Edge Leading Competitive Position ▪ ~13,500 systems in growing, global installed base (including ~6,400 PET systems) ▪ #1 in PET systems and #1
Slide 28: Customer Value Proposition
GPGI CompoSecure Husky Guidance Great Position – Husky Value Map Delivering an End-to-End Solution to Customers Thought Partner to Customer-Centric Advanced Proactive Customers System Innovation Manufacturing Remote Monitoring Advantage+Elite Curating packaging High performance 7 global facilities a
Slide 29: Good Industry – Operating in a Secularly Growing Market
GPGI CompoSecure Husky Guidance Good Industry – Operating in a Secularly Growing Market PET Beverage Demand is Resilient and Consistently Growing Long-Term Historical Demand is Durable and Steadily Growing ▪ PET Beverage demand is acyclical and growing driven by strong consumption and PET beverage p
Slide 30: Differentiating with Technology – Advantage+Elite
GPGI CompoSecure Husky Guidance Differentiating with Technology – Advantage+Elite Best-in-Class Remote Monitoring Capabilities are a Highly Differentiated Competitive Advantage Realized Efficiency Gains Driving Adoption With Several Identified Growth Vectors $41.4 +32.1% CAGR in Connect remaining ~7
Slide 31: Organic Growth – Recurring Revenue Underpins Growth
GPGI CompoSecure Husky Guidance Organic Growth – Recurring Revenue Underpins Growth Installed Base and Content Per System Drive High Margin, Recurring Aftermarket Revenue Installed Base Consumables & Services ~65% Recurring Revenue Service Contracts ~6,400+ Active PET systems Aftermarket Tooling Aft
Slide 32: Organic Growth – Identified Levers for Future Growth
GPGI CompoSecure Husky Guidance Organic Growth – Identified Levers for Future Growth Significant Whitespace for Growth in New Markets and Within Existing Installed Base PET Market Growth & Share Gain Grow Installed Base ▪ Market growth driven by strong ▪ Focus on penetrating mid / low- secular trend
Slide 33: Financial Highlights – 4Q25 and FY25
GPGI CompoSecure Husky Guidance Financial Highlights – 4Q25 and FY25 Reaccelerating Sales Growth Offset by Necessary Investments to Improve Future Profitability Net Sales ($mn) PF Adjusted EBITDA ($mn)1 PF Adjusted EBITDA Margin1 Select Commentary $520.8 ▪ Sales growth primarily driven by ▲ ▼ ▼ volu
Slide 34: Pro Forma Guidance
GPGI Pro Forma Guidance GREAT POSITIONS | GOOD INDUSTRIES
Slide 35: FY26 Guidance Reflects Strong Fundamentals
GPGI CompoSecure Husky Guidance FY26 Guidance Reflects Strong Fundamentals Implementing ROS to Catalyze Growth and Improve Profitability PF Adj. Net Sales1 ($mn) PF Adj. EBITDA1,2,3 ($mn) PF Adj. EBITDA Margin1,2,3 PF Adj. FCF1 ($mn) Select Commentary (Deltas to midpoints of guidance ranges) ▪ Compo
Slide 36: Pro Forma GPGI Financial Summary
GPGI CompoSecure Husky Guidance Pro Forma GPGI Financial Summary Foundational Year of Seed Planting for Future Growth Pro Forma 2025A 2026E1 Illustrative FCF Bridge $mn PF Adj. Net Sales2 $2,031mn ~$2,206mn Pro Forma Adj. EBITDA $620 - $650 Cash Interest ~ (90 - 95) Organic Growth Rates 6.1% ~8.8% C
Slide 37: Appendix – Financial Supplement
Appendix – Financial Supplement
Slide 38: Statement of Operations – 4Q25
GPGI CompoSecure Husky Guidance Statement of Operations – 4Q25 Unaudited GAAP to Non-GAAP Operating Results Three Months Ended Three Months Ended ($ in thousands) December 31, 2025 December 31, 2024 GAAP Equity Method Adjustments Non-GAAP Non- GAAP Column D shows GPGI’s results consolidated with GPG
Slide 39: Statement of Operations – FY25
GPGI CompoSecure Husky Guidance Statement of Operations – FY25 Unaudited GAAP to Non-GAAP Operating Results Year Ended Year Ended ($ in thousands) December 31, 2025 December 31, 2024 GAAP Equity Method Adjustments Non-GAAP Non- GAAP Column D shows GPGI’s results consolidated with GPGI A B C D Holdin
Slide 40: Statement of Cash Flows – FY25
GPGI CompoSecure Husky Guidance Statement of Cash Flows – FY25 Unaudited (GAAP and Non-GAAP) ($ in thousands) Twelve Months Ended December 31, 2025 2025 2024 GAAP Non-GAAP GAAP CASH FLOWS FROM OPERATING ACTIVITIES: Net loss ($136,005) ($136,005) ($83,162) Adjustments to reconcile net loss to net cas
Slide 41: Balance Sheet
GPGI CompoSecure Husky Guidance Balance Sheet Unaudited (GAAP and Non-GAAP) ($ in thousands) GAAP Non-GAAP GAAP GAAP Non-GAAP GAAP December 31, 2025 December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2025 December 31, 2024 ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) CURRENT
Slide 42: 4Q25 Earnings Per Share
GPGI CompoSecure Husky Guidance 4Q25 Earnings Per Share Non-GAAP Reconciliation ($ in thousands, except per share amounts) Basic Earnings Per Share Diluted Earnings Per Share Three Months Ended December 31, Twelve Months Ended December 31, Three Months Ended December 31, Twelve Months Ended December
Slide 43: Historical Pro Forma Non-GAAP Results
GPGI CompoSecure Husky Guidance Historical Pro Forma Non-GAAP Results 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 CompoSecure 1,2 Non-GAAP Net Sales $104.0 $108.6 $107.1 $100.9 $103.9 $119.6 $120.9 $117.7 Pro Forma Adjusted EBITDA $35.6 $37.7 $38.1 $32.6 $34.8 $48.6 $49.8 $45.6 Margin 34.2% 34.7% 35.6%
Slide 44: Historical Pro Forma Non-GAAP Reconciliations
GPGI CompoSecure Husky Guidance Historical Pro Forma Non-GAAP Reconciliations CompoSecure, Husky, and Corporate Non-GAAP Reconciliation for CompoSecure 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Net Income $26.4 $27.9 $27.8 $28.1 $24.2 $38.9 $39.6 $35.4 Depreciation and amortization 2.2 2.4 2.3 2.2 2.4
Slide 45: Investor Relations Contact
Investor Relations Contact Kurt Schoen ir@gpgi.com