Greif Inc. · NYSE:GEF

Greif — Investor Presentation (May 2022)

14 slides from Greif's investor presentation, May 4, 2022

  1. Slide 1: Investor Presentation May 2022

    Investor Presentation May 2022

  2. 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,”

  3. Slide 3: Greif: the leading industrial packaging solutions provider

    Greif: the leading industrial packaging solutions provider FY21 Net Sales by Segment Leading Positions in Multiple Packaging Substrates1 Fiber and Mills Converted Products 0.4% Uncoated recycled Steel Tube 39.9% boxboard & Core Global Industrial Packaging* #2 (URB) #2 #1 Paper Packaging & Services C

  4. Slide 4: Fiscal Year (FY) 2021 key highlights

    Fiscal Year (FY) 2021 key highlights Delivered record financial Advanced key financial priorities Accelerated ESG strategy and Positioned for an even performance and enhanced shareholder returns improved colleague engagement stronger Fiscal 20222,3  Record Adj. EBITDA1: $764.2M  Compliance leverag

  5. Slide 5: Completed divestiture of Flexible Products & Services

    Completed divestiture of Flexible Products & Services Completed divestiture on March 31, 2022 • Divested Greif’s 50% ownership stake in FPS to Gulf Refined Packaging for $123 million, subject to certain conditions and post closing adjustments ‒ Internal review concluded FPS could more efficiently de

  6. Slide 6: Volumes and Sales Quarter-to-Date (FQ2 2022)

    Volumes and Sales Quarter-to-Date (FQ2 2022) Solid performance across most of the business during FQ2 2022 FQ2 ’22 vs. FQ2 ’21 Volume Snapshot (per day basis)1 7%  Volumes through March 2022 indicate generally in line or stronger YoY performance. Versus prior year: 6% ► Global steel drum volume dow

  7. Slide 7: Protecting Our Future – Greif 2021 Sustainability Report

    Protecting Our Future – Greif 2021 Sustainability Report Key Highlights • Achieved >90% waste diverted from landfill at 149 facilities, including 50 facilities at our Zero Waste to Landfill target • Advancing Greif Diversity, Equity & Inclusion efforts through Colleague Resource Groups (CRG) and Tal

  8. Slide 8: Greif Investor & Analyst Day 2022

    Greif Investor & Analyst Day 2022 Thursday June 23, 2022 Please kindly RSVP by Wednesday, June 1, 2022 by contacting: InvestorDay@Greif.com Event: 7:30am – 12:30pm EST Presentation: 8:30am – 11:30am EST We look forward to seeing you at the event! Convene at 75 Rockefeller Plaza 75 Rockefeller Plaza

  9. Slide 9: Reconciliation Tables

    GREIF Reconciliation é Tables PACKAGING SUCCESS TOGETHER™

  10. Slide 10: GAAP to Non-GAAP Reconciliation: Operating Profit to Adjusted EBITDA

    GAAP to Non-GAAP Reconciliation: Segment and Consolidated Financials: Operating Profit to Adjusted EBITDA Note: Adjusted EBITDA is defined as net income, plus interest expense, net, plus income tax expense, plus depreciation, depletion and amortization expense, plus restructuring charges, plus acqui

  11. Slide 11: GAAP to Non-GAAP Reconciliation: Adjusted Free Cash Flow

    GAAP to Non-GAAP Reconciliation: Adjusted Free Cash Flow Twelve Months Ended October 31, (in millions) 2015 2016 2017 2018 2019 2020 2021 Net cash provided by operating activities 206.3 301.0 305.0 253.0 389.5 454.7 396.0 Cash paid for purchases of properties, plants and equipment (135.8) (100.1) (9

  12. Slide 12: GAAP to Non-GAAP Reconciliation: Projected 2022 Adjusted Free Cash Flow Guidance

    GAAP to Non-GAAP Reconciliation: Projected 2022 Adjusted Free Cash Flow Guidance Note: Adjusted free cash flow is defined as net cash provided by operating activities, less cash paid for purchases of properties, plants and equipment, plus cash paid for acquisition and integration related costs, plus

  13. Slide 13: GAAP to Non-GAAP Reconciliation: Historical Net Income and Class A EPS

    GAAP to Non-GAAP Reconciliation: Historical Net Income and Class A Earnings Per Share Excluding Adjustments Income before Income before Income Tax Income Tax (Benefit) Expense Net Income Diluted (Benefit) Expense Net Income Diluted and Equity Earnings Income Tax Non- (Loss) Class A and Equity Earnin

  14. Slide 14: Credit Agreement Leverage Ratio

    Credit Agreement Leverage Ratio Trailing Twelve Month Credit Agreement EBITDA (in millions) TTM 7/31/2020 TTM 10/31/2020 TTM 01/31/2021 TTM 04/30/2021 TTM 07/31/2021 TTM 10/31/2021 Net income 146.1 124.3 119.1 257.3 351.3 459.3 Plus: Interest expense, net 122.2 115.8 110.3 107.7 101.8 92.7 Plus: Inc

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