Ranpak Holdings Corp · NYSE:PACK
Ranpak — Q1 2024 Earnings Presentation
11 slides from Ranpak's earnings presentation, May 2, 2024
Slide 1: 1Q24 Earnings Presentation
1Q24 Earnings Presentation May 2, 2024
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: Ranpak First Quarter Performance Commentary
Ranpak First Quarter Performance Commentary Volume growth and favorable input costs continue to drive performance Higher volumes drove 4.4% increase in sales on constant currency basis vs. prior year (increased 5.0% on an actual basis) Environment remains uneven but encouraged by slowly improving Eu
Slide 4: Revenue
System Installed Constant Currency Revenue Base (‘000s) $ in millions Net Revenue(1) 150 0.9% $100 4.4% North America 1.8% • Void-fill and Automation drove top-line 125 improvement $75 • Industrial and manufacturing activity continues to be pressured 100 1.3% 5.4% • Strategic account plastic to pape
Slide 5: Profitability
Profitability $ in millions Constant Currency Adjusted EBITDA(1) CC Adj. EBITDA up 34% vs 1Q23 $25 25% • Gross profit up 17% on constant currency 33.8% basis: 22.8% • Margin improved 400 bps to 38.0% from 34.0% in prior year $20 20% • Favorable paper price environment continues 17.8% to be a key dri
Slide 6: Liquidity and Capitalization
Liquidity and Capitalization • Ranpak completed 1Q24 with a solid liquidity position - cash balance of $55 million and no drawings on its Revolving Credit Facility • Net Leverage Ratio continued to decline from year end to 4.4x as of 3/31/24 (Bank Adj. EBITDA leverage ratio of 4.6x per Covenant Calc
Slide 7: Global Product Launch – Geami MV
Global Product Launch – Geami MVTM A compact converter with the sustainable protective power of Geami paper Adds to the iconic Geami product line with a compact powered converter Easy to use, highly efficient, and featuring a smart design for small paper rolls, this converter is focused on quick and
Slide 8: Unaudited GAAP Income Statement Data
Unaudited GAAP Income Statement Data $ in millions except per share values 8
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 presentation are based on our preliminary, unaudited results of operations for the quarter ended March 31, 2024. Such preliminary data should not be viewed as a comprehensive sta
Slide 10: Reconciliation of Non-GAAP metrics
Reconciliation of Non-GAAP metrics $ in millions except per share values The results of operations data contained in this presentation are based on our preliminary, unaudited results of operations for the quarter ended March 31, 2024. Such preliminary data should not be viewed as a comprehensive sta
Slide 11: Ranpak
Ranpak Deliver a Better World”