Ranpak Holdings Corp · NYSE:PACK
Ranpak — Q4 2019 Earnings Presentation
15 slides from Ranpak's earnings presentation, Mar 5, 2020
Slide 1: Fourth Quarter & Full Year 2019 Earnings Update
Deliver a Better World TM Fourth Quarter & Full Year 2019 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
Deliver a Better World ™ EPS box © Taper production Low sloragecosts@ High protective Low speed operation tow cost eciency High protective © Fastspecdot ——@ igh cost efciency 3 High level of box wise - performance ‘operation fs handling Bubble on-demand tow protective Low speed of @ High cost effici
Slide 4: Key Actions Update
Deliver a Better World TM Key Actions Update Transition to a Customer Centric, Data Centric, and Ownership Culture Underway Digital Investment in Capital Innovation Sustainability Footprint Ranpak Structure Human Capital • Sales & Marketing Trident and Guardian Website Launch • Finance ESG Impact Re
Slide 5: Fourth Quarter 2019 Highlights
Deliver a Better World TM Fourth Quarter 2019 Highlights Solid execution while investing for the future • Growth ― Steady growth in machine placement - +7.3% year over year to 104,600 ― Sales growth broad-based across geographies year over year - +5.7% on constant currency basis and adjusted for fai
Slide 6: Industry Leading Innovation
Deliver a Better World TM Industry Leading Innovation 5
Slide 7: Growth – 4Q 2019 Performance Summary
Deliver a Better World TM Growth – 4Q 2019 Performance Summary $ in millions Increased systems placement by 7.3% year over year to over 104,600 Pro Forma North America: System Installed Base (‘000s) Constant Currency Net Sales(1) • Core business in North America exhibited record quarter driven by +7
Slide 8: Profitability - 4Q19 Pro Forma Adjusted EBITDA Performance
Deliver a Better World TM Profitability - 4Q19 Pro Forma Adjusted EBITDA Performance Pro Forma Adj. EBITDA(1) Strong growth and margin expansion year over year $30 39% Pro Forma Adj. EBITDA +15.8% vs 4Q18 $28 +15.8% • 320 bps margin improvement vs 4Q18 driven by increased $26 37% 36.4% sales, lower
Slide 9: 2019 Performance Summary
Deliver a Better World TM 2019 Performance Summary Pro Forma $ in millions Constant Currency Net Sales(1) Pro Forma Adj. EBITDA(2) YoY Change by Quarter 1Q19 2Q19 3Q19 4Q19 +5.5% $90 50% CC Net Sales 12.6% (6.5%) 8.8% 5.7% $300 3.2% PF Adj EBITDA 9.4% (19.9%) 6.9% 15.8% $85 45% Commentary $250 $80 4
Slide 10: Liquidity and Capitalization
Deliver a Better World TM Liquidity and Capitalization • Ranpak completed 2019 in a strong liquidity position, including a cash balance of $19.7 million and its $45 million available Revolving Credit Facility undrawn • As of December 31, 2019, the Company had First Lien Term Loan facilities outstand
Slide 11: Guidance and Long-Term Target
Deliver a Better World TM Guidance and Long-Term Target 2020 Long-Term Target • Constant Currency Adj. Net Sales: $294 – $304 • Annual Constant Currency Sales million (+6 - 10%) Growth: 10% + • Adj. EBITDA: $91 - $96 million (+4% - 10%) • Adj. EBITDA Growth: 10% + • Leverage Ratio: 3.0x – 3.5x Net D
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 The results of operations data contained in this press release are based on our preliminary, unaudited results of operations for the year ended December 31, 2019. Such preliminary data should not be viewed as a comprehensive statement of o
Slide 14: Unaudited GAAP Income Statement Data
Deliver a Better World TM Unaudited GAAP Income Statement Data Successor Predecessor $ in millions except per share values June 3, 2019 January 1, 2019 through December 31, December 31, through June 2, December 31, 2018 2017 2019 2019 Paper revenue $ 136.5 $ 88.5 $ 244.0 $ 225.7 Machine lease revenu
Slide 15: Deliver a Better World TM
Deliver a Better World TM 14