Ranpak Holdings Corp · NYSE:PACK
Ranpak — Q1 2021 Earnings Presentation
10 slides from Ranpak's earnings presentation, May 6, 2021
Slide 1: First Quarter 2021 Earnings Update
First Quarter 2021 Earnings Update May 6, 2021
Slide 2: Disclaimers
Disclaimers CAUTION ABOUT FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking statements” within the meaning of 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
Slide 3: First Quarter 2021 Update
First Quarter 2021 Update Top-Line Performance • Off to a strong start in 2021 – Net revenue of $85.0mm increased 31.2% on a constant currency basis compared to net revenue of $64.8mm in 1Q20(1) • Exceptional demand in Europe / APAC • Industrial activity improving globally • Machine placement up 12.
Slide 4: PadPak® Auto-Coiler
PadPak® Auto-Coiler Launched March 17th Sustainability With heavy to extreme cushioning ability, the Auto-Coiler can displace environmentally harmful foam and plastic alternatives Customization With 5 different operation modes, 5 different basis weight options, and new density control, you can produ
Slide 5: Growth
System Installed Growth Base (‘000s) Constant Currency Net Revenue(1) $ in millions North America 120 12.9% $100 31.2% • Wrapping continues to gain traction 32% with strong growth 100 $80 • Sequential improvement in industrial end markets continues 80 14% $60 51% Europe / APAC 60 • All product lines
Slide 6: Profitability
Profitability $ in millions Constant Currency Adjusted EBITDA(1) $30 40% Constant Currency Adj. EBITDA up 54.7% 54.7% vs 1Q21 35% 32.9% • Profitability increase due to higher 30% volumes and favorable input costs vs 27.9% prior year $20 25% 20% $28.0 Key Takeaways 15% $10 • Significant volume expans
Slide 7: Liquidity and Capitalization
Liquidity and Capitalization • Ranpak completed 1Q21 in a strong liquidity position, including a cash balance of $40.5 million and full availability of its $45 million Revolving Credit Facility • As of March 31, 2021 the Company had First Lien Term Loan facilities outstanding consisting of two term
Slide 8: Unaudited GAAP Income Statement Data
Unaudited GAAP Income Statement Data $ in millions except per share values Three Months Ended March 31, 2021 2020 Paper revenue $ 74.8 $ 53.4 Machine lease revenue 10.8 8.5 Other revenue 2.1 1.5 Net revenue 87.7 63.4 Cost of goods sold 51.4 36.6 Gross profit 36.3 26.8 Selling, general and administra
Slide 9: Reconciliation of Non-GAAP metrics
Reconciliation of Non-GAAP metrics $ in millions except per share values The results of operations data contained in this press release are based on our preliminary, unaudited results of operations for the quarter ended March 31, 2021. Three Months Ended March 31, 2021 Three Months Ended March 31, 2
Slide 10: Ranpak
Ranpak Deliver a Better World”