Ranpak Holdings Corp · NYSE:PACK
Ranpak — Q1 2020 Earnings Presentation
15 slides from Ranpak's earnings presentation, May 11, 2020
Slide 1: First Quarter 2020 Earnings Update
Deliver a Better World TM First Quarter 2020 Earnings Update Deliver a Better World TM
Slide 2: Disclaimers
Deliver a Better World TM 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 t
Slide 3: Deliver a Better World TM
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Slide 4: COVID-19 Update Global Essential Service Provider
Deliver a Better World TM COVID - 19 Update Protective Packaging Is Considered An Essential Business In All Ranpak Operating Locations Prioritizing Global Essential Business Health and Capitalization Service Provider Continuity Safety Formed global cross functional response team in Increased employe
Slide 5: First Quarter 2020 Update
Deliver a Better World TM First Quarter 2020 Update Extremely proud of the Ranpak team and the role we play in the global supply chain • Operations and Supply Chain ― All North American (4 locations) and European (3 locations) manufacturing assets in operation ― Paper supply uninterrupted to date ―
Slide 6: Automation Center – Kerkrade, Netherlands
Deliver a Better World TM Automation Center – Kerkrade, Netherlands Opened according to plan in April 60+ Full-Time Employees Dedicated to Automation 5
Slide 7: "Box Better" B2B Campaign Launch
Deliver a Better World TM “Box Better” B2B Campaign Launch • Launching a B2B digital marketing campaign directed at direct-to-consumer e-Commerce brands • Encourages brands to “Box Better” with Ranpak’s unique sustainable packaging solutions • Engagement to increase awareness of alternatives to plas
Slide 8: Sales – 1Q 2020 Performance Summary
Deliver a Better World TM Sales – 1Q 2020 Performance Summary $ in millions Increased systems placement by 8.5% year over year to over 106,880 Pro Forma North America: System Installed Base (‘000s) Constant Currency Net Sales(1) • Substantial growth in Wrapping offset by Cushioning and +8.5% Void-fi
Slide 9: Profitability - 1Q20 Pro Forma Adjusted EBITDA Performance
Deliver a Better World TM Profitability - 1Q20 Pro Forma Adjusted EBITDA Performance Pro Forma Adj. EBITDA(1) Pro Forma Adj. EBITDA (8.1%) vs 1Q19 $23 • Additional resources in Management, Sales, Engineering, and (8.1%) 39% Operations vs 1Q19 contributed to a 110 bps decline in EBITDA $20 37% margin
Slide 10: Liquidity and Capitalization
Deliver a Better World TM Liquidity and Capitalization Strong liquidity and cash generation to support operations • Ranpak completed 1Q20 in a strong liquidity position, including a cash balance of $20.2 million and full availability of its $45 million Revolving Credit Facility • As of March 31, 202
Slide 11: Update to 2020 Outlook
Deliver a Better World TM Update to 2020 Outlook • Due to the uncertainty about the pandemic and its potential effects on the economy, we are suspending our forward-looking guidance until the environment stabilizes and we get more clarity • We are prudently managing our business in the near-term whi
Slide 12: Appendix
Deliver a Better World TM Appendix 11
Slide 13: Reconciliation of Non-GAAP metrics
Deliver a Better World TM Reconciliation of Non-GAAP metrics Quarterly $ in millions 1Q19(1) 1Q20(1) Net sales Reported net sales 66.1 63.4 Constant currency adjustment 0.5 1.4 Constant currency net sales (2) 66.6 64.8 Automation revenue recognition 1.3 - Purchase accounting - - Pro forma net sales
Slide 14: Unaudited GAAP Income Statement Data
Deliver a Better World TM Unaudited GAAP Income Statement Data $ in millions except per share values 13
Slide 15: Deliver a Better World TM
Deliver a Better World TM 14