Ranpak Holdings Corp · NYSE:PACK
Ranpak — Q3 2025 Earnings Presentation
12 slides from Ranpak's earnings presentation, Oct 30, 2025
Slide 1: 3Q25 Earnings Presentation
3Q25 Earnings Presentation October 30, 2025
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 September 30, 2025. Such preliminary data should not be viewed as a comprehensive statement of our financial results for the quarter ended Sep
Slide 3: Non-GAAP Measures
Non-GAAP Measures CAUTIONARY NOTICE REGARDING NON-GAAP MEASURES Non-GAAP measures, such as EBITDA, AEBITDA, and constant currency change, have limitations as analytical tools, and you should not consider them in isolation or as substitutes for analysis of our results as reported under U.S. GAAP. In
Slide 4: Ranpak Third Quarter Performance Commentary
Ranpak Third Quarter Performance Commentary Enterprise accounts in North America as well as global Automation driving top-line growth Higher automation sales drove an overall 8.0% increase in net sales vs. prior year and includes a 0.8% non-cash reduction for warrants (increased 4.4% on a constant c
Slide 5: Revenue
Revenue System Installed Base (‘000s) Net Revenue(1) $ in millions North America Constant Currency (Non- 1.4% Increase in System GAAP) % Change(1) • Warrant Agreement with Walmart is expected to be a Installed Base 4.4% transformative partnership for our Automation products in North America. • Enter
Slide 6: Profitability
Profitability Adjusted EBITDA(1) Increase of 7.6% at Constant Adj. EBITDA up 3.5% on a constant currency (non- Currency (Non-GAAP) % GAAP) % change(2) basis and up 7.6% excluding $ in millions Change(2), excluding the impact the impact from warrants (up 8.1% vs 3Q24 on of warrants actual basis) • Dr
Slide 7: 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) 5.6% (7.8)% Note: Figures based on unaudited internal company financial statements 1. Constant Currency (Non-GAAP) % Change and Adjus
Slide 8: Strategic and Warrant Agreement Summary
Strategic and Warrant Agreement Summary • In 2025, Ranpak partnered with two of the most sophisticated customers in the world to provide sustainable protective packaging and Automation solutions • Potential to generate over $1 billion in revenue from these two customers over the next 8 – 10 years (i
Slide 9: Liquidity and Capitalization
Liquidity and Capitalization • Ranpak completed 3Q25 with a solid liquidity position - cash balance of $49.9 million and no drawings on its Revolving Credit Facility • Expected to end the year with approximately $65 million of cash on hand • Net Leverage Ratio(1) of 4.4x as of 9/30/25 • Bank Adj. EB
Slide 10: Unaudited GAAP Income Statement Data
Unaudited GAAP Income Statement Data $ in millions except per share values Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Net product revenue $ 83.6 $ 78.6 $ 239.0 $ 223.9 Machine lease revenue 16.0 13.6 44.1 40.0 Net revenue 99.6 92.2 283.1 263.9 Cost of produc
Slide 11: Reconciliation of Non-GAAP metrics
Reconciliation of Non-GAAP metrics $ in millions Three Months Ended September 30, Constant Nine Months Ended September 30, Constant Currency (Non- Currency (Non- GAAP) % GAAP) % 2025 2024 $ Change % Change Change (6) 2025 2024 $ Change % Change Change (6) Net loss $ (10.4) $ (8.1) $ (2.3) 28.4 28.4
Slide 12: Ranpak
Ranpak Deliver a Better World”