Ranpak Holdings Corp · NYSE:PACK
Ranpak — Q2 2020 Earnings Presentation
12 slides from Ranpak's earnings presentation, Jul 30, 2020
Slide 1: Deliver a Better World: Second Quarter 2020 Earnings Update
Deliver a Better World ™ Second Quarter 2020 Earnings Update July 30, 2020
Slide 2: Disclaimers
Disclaimers CAUTION ABOUT FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking statements” within the meaning Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Our forward-looking statements include, but are not limited to, statements regarding ou
Slide 3: COVID-19 Update
COVID – 19 Update Health and Safety Business Continuity Capitalization Health and safety of employees Adapted to new environment Strong cash and liquidity position remains top priority • All Ranpak facilities operational – • Cash generation from high • Strict safety measures in place to meeting the
Slide 4: Second Quarter 2020 Update
Second Quarter 2020 Update Top Line Performance • Strong operational execution in a challenging environment – Net revenue of $67.8mm increased 13.2% on constant currency basis compared to pro forma net revenue of $59.9mm in 2Q19 (1) • Elevated eCommerce activity outweighed softness in industrial end
Slide 5: Sales
Sales System Installed Base (‘000s) Pro Forma Constant Currency Net Sales(1) $ in millions North America 120 9.2% $80 13.2% • Continued strong growth in Wrapping offset by lower 34% $70 demand for Cushioning products 100 $60 80 Europe / APAC $50 8% 32% • All product lines up year-over-year 60 $40 •
Slide 6: Profitability
Profitability Pro Forma Adjusted EBITDA(1) $ in millions Pro Forma Adj. EBITDA up 13.1% vs 2Q19 $20 40% 13.1% • Profitability increase driven by higher sales volumes 35% and favorable input costs 30% • Margin flat year over year due to increased 28% 28% headcount $15 25% • Depreciation expense highe
Slide 7: Liquidity and Capitalization
Liquidity and Capitalization • Ranpak completed 2Q20 in a strong liquidity position, including a cash balance of $22.6 million and full availability of its $45 million Revolving Credit Facility • As of June 30, 2020 the Company had First Lien Term Loan facilities outstanding consisting of two term l
Slide 8: Sustainability is at Our Core
Sustainability is at Our Core Sustainability Mission Solution We strive to satisfy the protective Our mission is to create innovative Our packaging material is made from packaging needs of the present solutions for protecting products in renewable and/or recycled resources without adversely affectin
Slide 9: Appendix
Appendix Ranpak | esi"3..44
Slide 10: Reconciliation of Non-GAAP Metrics
Reconciliation of Non-GAAP Metrics Quarterly Year to Date June 30, $ in millions except per share values 1Q19(1) 1Q20(1) 2Q19(1) 2Q20(1) 2019 (1) 2020 (1) Net sales Reported net sales 66.1 63.4 56.6 66.1 122.7 129.5 Constant currency adjustment 0.5 1.4 0.7 1.7 1.2 3.1 Constant currency net sales (2)
Slide 11: Unaudited GAAP Income Statement Data
Unaudited GAAP Income Statement Data $ in millions except per share values 13
Slide 12: Ranpak
Ranpak Deliver a Better World”