PART I [Item 1. Business](index=4&type=section&id=Item%201.%20Business) Pactiv Evergreen Inc. is a leading North American manufacturer and distributor of fresh foodservice, food merchandising, and fresh beverage carton products - Pactiv Evergreen is a leading manufacturer and distributor of fresh foodservice and food merchandising products and fresh beverage cartons in North America, supplying a **broad and diversified mix** of companies including restaurants, distributors, supermarkets, and food producers[11](index=11&type=chunk) - The company's strategic initiatives are grouped into **six key areas**: growth, value-added customer service, profitable innovation, cost reduction, integration of the Beverage Merchandising segment and Fabri-Kal acquisition, and sustainability[15](index=15&type=chunk)[16](index=16&type=chunk) - **No single customer accounted for 10% or more** of net revenues in 2021, with the **ten largest customers accounted for 38%** of net revenues[20](index=20&type=chunk) [General](index=4&type=section&id=General) [Segment Overview](index=4&type=section&id=Segment%20Overview) - The company operates through **three reportable segments**: Foodservice, Food Merchandising, and Beverage Merchandising[12](index=12&type=chunk) - Foodservice: Manufactures food containers, drinkware, tableware, and serviceware for chain restaurants, QSRs, distributors, and institutional foodservice[13](index=13&type=chunk) - Food Merchandising: Produces clear rigid-display containers, prepared food containers, meat/poultry trays, and molded fiber egg cartons for supermarkets, grocery retailers, and food processors[13](index=13&type=chunk) - Beverage Merchandising: Manufactures cartons for fresh refrigerated beverages (dairy, juice) and integrated fresh carton systems, including liquid packaging board and paper-based products[13](index=13&type=chunk) [Strategy](index=5&type=section&id=Strategy) - Growth: Focus on product growth, quality, reliability, service, and safety[16](index=16&type=chunk) - Value-added customer service: Proactively implement new service methods and refine customer value proposition[16](index=16&type=chunk) - Profitable innovation: Introduce new and on-trend products to reinforce the existing portfolio[16](index=16&type=chunk) - Cost reduction: Optimize processes through automation, digital transformation, and supply chain streamlining[16](index=16&type=chunk) - Integration: Continue integrating Beverage Merchandising with Foodservice and Food Merchandising, capitalizing on synergies from the Fabri-Kal acquisition[16](index=16&type=chunk) - Sustainability: Maintain and grow the broadest sustainable product offering and operate in an environmentally responsible manner[16](index=16&type=chunk) - In October 2021, Pactiv Evergreen acquired Fabri-Kal, a manufacturer of thermoformed plastic packaging, to expand its product portfolio and manufacturing capabilities[18](index=18&type=chunk) - The company has divested non-core businesses, including a **50% joint venture** in Naturepak Beverage Packaging Co. Ltd. and carton packaging/filling machinery businesses in China, Korea, and Taiwan, to **focus on core North American operations**[19](index=19&type=chunk) [Customers](index=6&type=section&id=Customers) [Seasonality](index=6&type=section&id=Seasonality) - The business does not experience high seasonality due to complementary seasonal effects across segments[21](index=21&type=chunk) - Foodservice and Food Merchandising: Peak during summer and fall months in North America due to increased consumption from favorable weather, harvest, and holiday seasons (Q2 and Q3)[21](index=21&type=chunk) - Beverage Merchandising: Experiences some seasonality with **increased carton product sales** in Q1 and Q4 due to higher milk consumption by school children during the academic year[21](index=21&type=chunk) [Competition](index=6&type=section&id=Competition) - The markets are **highly competitive**, with competition based on service, innovation, quality, sustainability, and price[22](index=22&type=chunk) - Competitors include Dart Container Corporation, Huhtamäki Oyj, Berry Global Group, Inc., Genpak, Sonoco, Paper Excellence Group, Stora Enso Oyj, Tekni-Plex, Sealed Air Corporation, Silgan Holdings, SIG Combibloc, and Elopak[22](index=22&type=chunk) [Distribution and Marketing](index=6&type=section&id=Distribution%20and%20Marketing) - The company leverages a large, well-invested manufacturing base and a hub-and-spoke distribution network primarily in the United States, providing a **competitive advantage**[23](index=23&type=chunk) - Manufacturing flexibility is a priority, with **approximately 1,100 production lines** manufacturing about **129 billion units annually**, allowing for **scalable production** and **adaptation to market needs**[24](index=24&type=chunk) - Foodservice: **22 manufacturing plants**, sharing **32 warehouses** and **8 regional mixing centers** with Food Merchandising[25](index=25&type=chunk) - Food Merchandising: **24 manufacturing plants**, sharing **32 warehouses** and **8 regional mixing centers** with Foodservice[25](index=25&type=chunk) - Beverage Merchandising: **6 U.S. beverage carton manufacturing plants**, **7 international plants**, **2 filling machinery plants**, **3 extrusion plants**, **2 integrated liquid packaging board and paper mills**, and **3 chip mills**[25](index=25&type=chunk) [Raw Materials](index=7&type=section&id=Raw%20Materials) - Primary raw materials include plastic resins, fiber (raw wood, wood chips, recycled newsprint), paperboard (cartonboard, cupstock), and aluminum, along with commodity chemicals, steel, and energy[26](index=26&type=chunk) - Raw material prices, especially resin, **fluctuate based on** supply, demand, crude oil, and monomer prices, and are influenced by external conditions like weather, scarcity, and governmental policies[27](index=27&type=chunk) - The company **mitigates increased commodity costs** through higher product pricing (often with a **3-4 month** lead-lag effect), manufacturing/overhead cost control, and hedging arrangements, though **not fully**[28](index=28&type=chunk) [Intellectual Property and Research and Development](index=7&type=section&id=Intellectual%20Property%20and%20Research%20and%20Development) - Innovation is a **core capability**, with over **400 patents** related to product design, utility, and material formulations[30](index=30&type=chunk)[31](index=31&type=chunk) - Primary innovation areas include packaging with new features, improved material performance, and environmentally-friendly packaging, driven by **evolving consumer preferences** and customer requirements[32](index=32&type=chunk) Research and Development Expenses | Year | R&D Expenses (Millions USD) | | :--- | :--- | | 2021 | $22 | | 2020 | $20 | | 2019 | $22 | [Regulation](index=8&type=section&id=Regulation) - The business is subject to regulations governing food-contact products, environmental, health, and safety laws, and permits in all operating countries[36](index=36&type=chunk)[37](index=37&type=chunk) - Governmental authorities are considering legislation to reduce plastic waste, including product bans, recycling mandates, fees/taxes on packaging, and take-back requirements, which could **increase compliance costs**[38](index=38&type=chunk) - **Increased legislation** and regulation related to environmental issues like climate change and greenhouse gas emissions could lead to **additional direct and indirect compliance costs**[39](index=39&type=chunk) [Environmental, Social and Governance](index=9&type=section&id=Environmental,%20Social%20and%20Governance) [Sustainable Products](index=9&type=section&id=Sustainable%20Products) - The company offers sustainable products made from plant-based bio-resin and fiber-based materials, with its EarthChoice brand being a **major sustainable foodservice packaging brand** in North America[43](index=43&type=chunk) - In fiscal year 2021, **approximately 64%** of net revenue came from products made from recycled, recyclable, or renewable materials, with a **goal to reach 100% by 2030**[44](index=44&type=chunk) - Pactiv Evergreen is a founding **member** of several recycling and composting initiatives, including the Carton Council and the Foam Recycling Coalition, **demonstrating commitment** to expanding recycling opportunities[46](index=46&type=chunk) [Sustainable Operations](index=9&type=section&id=Sustainable%20Operations) - The company is working to **limit its environmental impact** by reducing greenhouse gas emissions, energy consumption, water use, and waste to landfills[47](index=47&type=chunk) - Combined Scope 1 and 2 greenhouse gas emissions **decreased by 3%** between 2015 and 2020, and **approximately half** of annual energy consumption comes from renewable sources[47](index=47&type=chunk)[48](index=48&type=chunk) - Efforts include reusing plastic and paper scrap in manufacturing and ensuring paper and paperboard are sourced from **certified sustainable forests**[50](index=50&type=chunk)[51](index=51&type=chunk) [Social and Human Capital Resources](index=10&type=section&id=Social%20and%20Human%20Capital%20Resources) - As of December 31, 2021, the company employed **approximately 16,200 people** globally, with **31%** represented by labor unions or workers' councils[54](index=54&type=chunk) - Safety is a **core value**, with manufacturing facilities achieving safety metrics **approximately 2.5 times better** than the industry average in 2021[55](index=55&type=chunk) [Corporate Culture](index=10&type=section&id=Corporate%20Culture) [Diversity, Inclusion and Talent Development](index=10&type=section&id=Diversity,%20Inclusion%20and%20Talent%20Development) - The company focuses on **attracting and retaining a diverse workforce**; as of December 31, 2021, **nearly 50%** of U.S.-based employees were Black, Indigenous, or People of Color, including **19%** in senior/mid-level leadership[57](index=57&type=chunk) - Talent development programs, such as

3Q21 Investor Presentation Results Through September 30, 2021 November 4, 2021 2 Disclaimer Forward-Looking Statements and Other Information This presentation contains forward-looking statements about the Company and its industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this presentation, including statements regarding the Company's future results of operations or financial condition, business strategy and plans and objectives of ...

Pactiv Evergreen Inc. (NASDAQ:PTVE) Q3 2021 Earnings Conference Call November 4, 2021 8:00 AM ET Company Participants Dhaval Patel - SVP of IR and Strategy Michael King - CEO Michael Ragen - CFO Conference Call Participants Ghansham Panjabi - Baird Chris Parkinson - Mizuho George Staphos - Bank of America Adam Samuelson - Goldman Sachs Mark Wilde - BMO Arun Viswanathan - RBC Capital Markets Kyle White - Deutsche Bank Andy Scheffer - Onex Credit Disclaimer*: This transcript is designed to be used alongside t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ 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: 001-39528 PACTIV EVERGREEN INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organ ...

Pactiv Evergreen Inc. (NASDAQ:PTVE) Q2 2021 Earnings Conference Call August 5, 2021 8:30 AM ET Company Participants Dhaval Patel - SVP of IR and Strategy Michael King - CEO Michael Ragen - COO and CFO Conference Call Participants Ghansham Panjabi - Baird Kyle White - Deutsche Bank Anojja Shah - BMO Capital Markets Asher Sohnen - Citi Sam McGovern - Credit Suisse Arun Viswanathan - RBC Capital Markets Andy Scheffer - Onex Credit Operator Good morning, and welcome to Pactiv Evergreen's Second Quarter 2021 Ear ...

2Q21 Investor Presentation Results Through June 30, 2021 August 5, 2021 2 Disclaimer Forward-Looking Statements and Other Information This presentation contains forward-looking statements about the Company and its industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this presentation, including statements regarding the Company's future results of operations or financial condition, business strategy and plans and objectives of manage ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ 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: 001-39528 PACTIV EVERGREEN INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organizati ...

Pactiv Evergreen Inc. (NASDAQ:PTVE) Q1 2021 Earnings Conference Call May 6, 2021 8:30 AM ET Company Participants Dhaval Patel - Senior Vice President of IR and Strategy Michael King - Chief Executive Officer Michael Ragen - Chief Operating Officer and Chief Financial Officer Conference Call Participants Anthony Pettinari - Citi Ghansham Panjabi - Baird Arun Viswanathan - RBC George Staphos - Bank of America Kyle White - Deutsche Bank Sam McGovern - Crédit Suisse Mark Wilde - BMO Scott Schwartz - HPS Partner ...

pactiv 를 evergreen 1Q21 Investor Presentation Results through March 31, 2021 May 6, 2021 Disclaimer Forward-Looking Statements and Other Information This presentation contains forward-looking statements about the Company and its industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this presentation, including statements regarding the Company's future results of operations or financial condition, business strategy and plans and objec ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ☐ 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: 001-39528 PACTIV EVERGREEN INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organizat ...