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Ranpak (PACK) - 2021 Q2 - Earnings Call Presentation
2021-07-30 16:39
Ranpak Second Quarter 2021 Earnings Update July 29, 2021 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 our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical facts, includ ...
Ranpak (PACK) - 2021 Q2 - Quarterly Report
2021-07-29 13:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission File Number 001-38348 RANPAK HOLDINGS CORP. (Exact name of registrant as specified in its charter) (State or other jurisdi ...
Ranpak (PACK) - 2021 Q1 - Earnings Call Presentation
2021-05-10 03:11
Ranpak First Quarter 2021 Earnings Update May 6, 2021 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 our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical facts, including ...
Ranpak (PACK) - 2021 Q1 - Earnings Call Transcript
2021-05-10 02:10
Financial Data and Key Metrics Changes - Consolidated net revenue increased 31.2% year-over-year to $85 million, driven by robust demand for protective packaging products [20][32] - Adjusted EBITDA grew 54.7% year-over-year to $28 million, with a margin improvement of approximately 500 basis points to 32.9% [27][36] - Gross margin for the quarter was 41.3%, slightly down from 42.3% in the prior year due to increased freight and production costs [33] Business Line Data and Key Metrics Changes - Wrapping products saw an impressive growth of over 41% year-over-year, contributing significantly to topline growth [32][75] - Cushioning and Void-Fill applications both increased more than 30% over the prior period, indicating strong performance across these segments [32] - Machine placements increased by 12.9% year-over-year, with over 3,000 machines placed in the quarter, totaling more than 120,000 machines globally [31] Market Data and Key Metrics Changes - North America net revenue increased 3.7% year-over-year, with strong adoption of newer products and a focus on sustainability [21][22] - Europe experienced strong performance with all applications up significantly year-over-year, driven by continuous e-commerce growth and a rebound in industrial activity [23][24] - Asia-Pacific showed robust performance, particularly in Australia, Japan, and South Korea, with strong growth in e-commerce and industrial segments [26][27] Company Strategy and Development Direction - The company is focused on executing growth strategies by adding technology, hiring talent, and improving capabilities in key expansion areas [15] - Investments in automation and artificial intelligence are ongoing, positioning the company for long-term success in sustainability and automation supercycle [16] - The company aims to expand its presence in the Asia-Pacific region through new distribution partnerships and increased trial activity [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to grow the business despite near-term volatility, citing strong demand and operational execution [19][46] - The company is optimistic about outperforming its annual plan for 2021, driven by positive macro trends and strong customer demand [46][69] - Management highlighted the importance of sustainability as a key driver for new customer acquisition, with a significant increase in customers citing sustainability as a reason for switching to paper solutions [57][64] Other Important Information - The company is committed to its ESG goals, including reducing greenhouse gas emissions and sourcing a significant portion of its paper supply from recycled materials by 2030 [49][50] - The balance sheet remains strong, with a cash position of $40.5 million as of March 31, 2021, despite a one-time exit payment to a lender [38][39] Q&A Session Summary Question: Insights on geographical performance, particularly Europe and APAC - Management noted that growth in Europe is driven by both existing and new customers, with sustainability being a key factor for new customer acquisition [56][57] - In Asia-Pacific, growth is attributed to e-commerce and industrial activity, with new distribution partners aiding expansion [59] Question: Impact of rising substrate costs on customer conversion from plastic to paper - Management confirmed that rising resin prices are acting as a catalyst for customers to switch to paper solutions, with early signs of increased demand [64][66] Question: Clarification on guidance updates - Management stated they do not intend to update guidance quarterly but are confident in surpassing their annual plan based on strong Q1 performance [67][69] Question: Revenue growth from new product offerings - New products, particularly in Wrapping and cold chain, are contributing significantly to topline growth, with expectations for continued expansion [75][78] Question: Capital allocation strategy and potential acquisitions - The primary focus is on meeting customer demand and investing in supply chain capabilities, with some exploration of small tuck-in acquisitions [88][90]
Ranpak (PACK) - 2021 Q1 - Quarterly Report
2021-05-07 20:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) Delaware 98-1377160 Commissio ...
Ranpak (PACK) - 2020 Q4 - Earnings Call Transcript
2021-03-04 19:16
Ranpak Holdings Corp. (NYSE:PACK) Q4 2020 Earnings Conference Call March 4, 2021 8:30 AM ET Company Participants David Murgio - Chief Sustainability Officer & Secretary Omar Asali - Chairman & Chief Executive Officer Bill Drew - Chief Financial Officer Conference Call Participants Greg Palm - Craig-Hallum Capital Group Stefanos Crist - CJS Securities Operator Ladies and gentlemen, thank you for standing by and welcome to the Ranpak Holdings Q4 Earnings Call. At this time, all participants are in a listen-on ...
Ranpak (PACK) - 2020 Q4 - Earnings Call Presentation
2021-03-04 15:13
Ranpak Fourth Quarter and Full Year 2020 Earnings Update March 4, 2021 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 our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical ...
Ranpak (PACK) - 2020 Q4 - Annual Report
2021-03-04 14:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission File Number 001-38348 RANPAK HOLDINGS CORP. (Exact name of registrant as specified in its charter) Delaware 98-1377160 incorpo ...
Ranpak (PACK) - 2020 Q3 - Earnings Call Transcript
2020-11-08 13:18
Ranpak Holdings Corp. (NYSE:PACK) Q3 2020 Earnings Conference Call November 6, 2020 8:30 AM ET Company Participants David Murgio - Chief Sustainability Officer Omar Asali - Chairman & Chief Executive Officer Bill Drew - Chief Financial Officer Conference Call Participants Greg Palm - Craig-Hallum Capital Stefanos Crist - CJS Securities Chris McGinnis - Sidoti & Company Matt Dell Orfano - Discovery Capital Operator Ladies and gentlemen thank you for standing by, and welcome to the Ranpak Holdings Corp. Third ...
Ranpak (PACK) - 2020 Q3 - Earnings Call Presentation
2020-11-06 18:15
Ranpak Third Quarter 2020 Earnings Update November 6, 2020 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 our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical facts, incl ...