UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Lake Forest, IL 60045 (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 001-39528 PACTIV EVERGREEN INC. (Exact name of Registrant as specified in its Charter) (State or other jurisdiction ...

Pactiv Evergreen, Inc. (NASDAQ:PTVE) Q3 2020 Earnings Conference Call November 12, 2020 8:00 AM ET Company Participants John McGrath - Director Michael Ragen - COO & CFO Conference Call Participants Anthony Pettinari - Citigroup Thomas Digenan - Robert W. Baird & Co. George Staphos - Bank of America Merrill Lynch Mark Wilde - BMO Capital Markets Roger Spitz - Bank of America Merrill Lynch Samuel McGovern - Crédit Suisse John Babcock - Bank of America Merrill Lynch Operator Good day, ladies and gentlemen, an ...

pactive en 3Q20 Investor Presentation Results through September 30, 2020 November 12, 2020 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 obj ...

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, 2020 ☐ 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 Or þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 Or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Or ¨ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commis ...

Revenue Performance - Revenue for the year ended December 31, 2018, increased by $136 million, or 1%, primarily due to higher pricing across all segments [342]. - Total segment revenue for Reynolds Consumer Products increased by $185 million, or 6%, driven by higher pricing and increased sales volume [351]. - Pactiv Foodservice segment revenue increased by $49 million, or 1%, primarily due to higher pricing, offset by business divestitures and lower sales volume [356]. - The overall revenue for RGHL Group decreased by $122 million, or 1%, from $10,646 million in 2016 to $10,524 million in 2017, with Adjusted EBITDA from continuing operations at $2,078 million [379]. - Revenue decreased by $122 million, or 1%, primarily due to lower sales volume and business divestitures, partially offset by an increase in pricing [380]. - Total segment revenue for Reynolds Consumer Products increased by $23 million, or 1%, driven by price increases offset by decreased sales volume [389]. - Total segment revenue for Pactiv Foodservice decreased by $19 million, or 1%, primarily due to $68 million from business divestitures [394]. - Total segment revenue for Graham Packaging decreased by $76 million, or 3%, due to decreased sales volume and business divestitures [399]. - Evergreen segment total revenue decreased by $18 million, or 1%, to $1,562 million, primarily due to a decline in pricing in paper products and liquid packaging board [403]. - Closures segment total revenue decreased by $27 million, or 3%, to $901 million, driven by lower pricing and sales volume, along with unfavorable foreign currency impact [407]. Profitability and Expenses - Gross profit decreased by $228 million, or 10%, resulting in a gross profit margin of 20% for 2018 compared to 22% in 2017 [341]. - Adjusted EBITDA from continuing operations for the RGHL Group was $1,872 million, a decrease of $206 million, or 10%, from the previous year [349]. - Pactiv Foodservice segment Adjusted EBITDA decreased by $108 million, from $677 million in 2017 to $569 million in 2018, reflecting a decline of 16% [360]. - Graham Packaging segment total revenue decreased by $60 million, or 3%, primarily due to lower sales volume and business divestitures, resulting in an Adjusted EBITDA of $349 million, down 12% from $397 million in 2017 [361]. - Evergreen segment total revenue increased by $41 million, or 3%, driven by higher pricing, with Adjusted EBITDA decreasing by $28 million to $230 million, a decline of 11% [366]. - Closures segment total revenue decreased by $40 million, or 4%, with Adjusted EBITDA declining by $15 million to $116 million, a decrease of 11% [370]. - Selling, marketing, and distribution expenses decreased by $61 million, or 6%, due to lower depreciation and employee-related costs [344]. - Selling, marketing, and distribution expenses for Evergreen decreased by $14 million, or 17%, mainly due to lower employee-related costs [368]. - Selling, marketing, and distribution expenses decreased by $148 million, or 13%, including a $65 million pension expense from the prior year [381]. - Corporate/Unallocated Adjusted EBITDA improved slightly by $1 million to $(44) million, reflecting a 2% change from the previous year [375]. Financial Position and Debt - Total indebtedness as of December 31, 2018, was $11,076 million, reflecting substantial debt obligations [425]. - The RGHL Group had drawn $420 million under the Securitization Facility as of December 31, 2018, with a borrowing capacity of up to $600 million [427]. - As of December 31, 2018, the total indebtedness of the company was $11,076 million, with annual cash interest obligations expected to be approximately $620 million for 2019 [432]. - The company had $244 million available for drawing under its revolving credit facility as of December 31, 2018, which matures in August 2021 [429]. - The company repaid $300 million of the 6.875% Senior Secured Notes due 2021 at a redemption price of 101.146% on February 15, 2018 [431]. - Total contractual obligations as of December 31, 2018, amounted to $15,876 million, with $2,413 million due within one year [440]. - The company expects to meet its debt service obligations with existing cash resources and cash flows from operations, which are believed to be adequate for the next year [432]. Taxation and Financial Expenses - Net financial expenses rose by $118 million to $819 million, attributed to an unfavorable change in the fair value of embedded derivatives [346]. - The effective tax rate for 2018 was 114%, significantly higher than 16% in 2017, primarily due to non-deductible goodwill impairment expenses [347]. - Income tax expense was $81 million on profit before income tax of $521 million, resulting in an effective tax rate of 16% [384]. - Net financial expenses decreased by $172 million to $701 million, primarily due to a $227 million decrease in interest expense from debt repayments [383]. Capital Expenditures and Cash Flow - Capital expenditures increased by $175 million, or 43%, to $585 million in 2018, with expectations of approximately $650 million in 2019 [423]. - Net cash flows from operating activities increased by $110 million to $950 million in 2018, driven by favorable working capital fluctuations [418]. Risk Management and Derivatives - The company may adjust its hedging strategy based on management's assessment of current market conditions [337]. - The company is exposed to foreign currency exchange risk due to international operations, with no outstanding foreign currency derivative contracts as of December 31, 2018 [453]. - The company had a non-current derivative asset associated with embedded derivatives valued at $12 million as of December 31, 2018 [439]. - The applicable three-month Dollar LIBO Rate was 2.44% as of December 31, 2018, affecting the interest on Floating Rate Senior Secured Notes [449]. - A 100 basis point increase in interest rates would result in a $32 million increase in interest expense on the U.S. term loan under the Credit Agreement [450]. - During the year ended December 31, 2018, the company recognized a $22 million unrealized loss in net other income and an $18 million realized loss related to commodity derivatives [456]. - A 10% upward movement in the price curve for commodity derivative contracts would have resulted in a $2 million increase in unrealized losses [457]. Goodwill and Impairment - The company recognized a goodwill impairment charge of $206 million for Graham Packaging due to lower than expected performance [465]. - A hypothetical 10% change in key assumptions would not result in an impairment, except for Graham Packaging, where recoverable amounts exceeded carrying value substantially [464]. Pension Plans and Future Obligations - The company operates defined benefit pension plans, and changes in key assumptions can significantly impact future benefit plan expenses [474]. - A one-half percentage point increase in the discount rate would decrease the defined benefit obligation by $205 million and decrease pre-tax pension expense by $6 million [474]. Revenue Recognition - Revenue is recognized over time or at a point in time based on when the customer obtains control of the promised products or services [471]. - The company estimates variable consideration for revenue recognition based on anticipated performance and historical market trends [472]. - The recoverability of deferred tax assets is evaluated based on future taxable income forecasts, which rely heavily on estimates [468].