Improved the representation among our U.S. employees and U.S. management team in both gender, and race and ethnicity Quad 10 STATEMENT OF OPERATIONS 6.2% $25 million $400 million Januarv 2024 Quad (1) See slide 18 for definitions of our Non-GAAP measures and slide 22 for a reconciliation of Debt Leverage Ratio as a Non-GAAP measure Net Debt Reduction Free Cash Flow (1) $50 to $90 million Key Investment Highlights One-of-a-Kind Integrated · Featuring through-the-line marketing solutions deployed across offli ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 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 001-34806 QUAD/GRAPHICS, INC. (Exact name of registrant as specified in its charter) Wisconsin 39-1152983 (State or other jurisdiction of incorporat ...

Quad/Graphics, Inc. (QUAD) Q4 2022 Earnings Conference Call February 22, 2023 10:00 AM ET Company Participants Katie Krebsbach - Quad's Investor Relations Manager Joel Quadracci - Chairman, President, and Chief Executive Officer Anthony Staniak - Chief Financial Officer Operator Good morning, ladies and gentlemen. Welcome to Quad's Fourth Quarter Conference Call. During today's call, all participants will be in a listen-only mode. [Operator Instructions] A slide presentation accompanies today's webcast and ...

Quad/Graphics, Inc. (QUAD) Q3 2022 Earnings Conference Call November 2, 2022 10:00 AM ET Company Participants Claire Ho - Director of Corporate Communications Joel Quadracci - Chairman, President, and Chief Executive Officer Anthony Staniak - Chief Financial Officer Operator Good morning, ladies and gentlemen, and welcome to Quad's Third Quarter Conference Call. [Operator Instructions] Please note today's event is being recorded. At this time, I'd like to turn the conference call over to Claire Ho, Quad's ...

Table of Contents 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, 2022 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 001-34806 Quad/Graphics, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpora ...

Quad/Graphics, Inc. (QUAD) Q2 2022 Earnings Conference Call August 3, 2022 10:00 AM ET Company Participants Katie Krebsbach - Investor Relations Manager Joel Quadracci - Chairman, President, and Chief Executive Officer Tony Staniak - Chief Financial Officer Conference Call Participants Operator Good morning, ladies and gentlemen. Welcome to Quad's Second Quarter Conference Call. During today's call, all participants will be in a listen-only mode. [Operator Instructions] A slide presentation accompanies toda ...

2 nd Quarter 2022 Earnings Call August 3, 2022 Call Participants & Forward-Looking Statements Tony Staniak Chief Financial Officer Forward-Looking Statements Joel Quadracci Chairman, President & Chief Executive Officer This communication contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, our current expectations about the Company's future results, financial cond ...

Table of Contents 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, 2022 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 001-34806 Quad/Graphics, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpor ...

Financial Data and Key Metrics Changes - The company achieved a 9% increase in net sales, excluding divestitures, marking the fourth consecutive quarter of sales growth [8][27] - Net sales for Q1 2022 were $744 million, up 5% from 2021, with a 9% increase when excluding the June 2021 divestiture [28] - Adjusted EBITDA decreased to $49 million in Q1 2022 from $70 million in Q1 2021, primarily due to supply chain disruptions and cost inflation [30] - Adjusted diluted earnings per share fell to $0.04 in Q1 2022 from $0.19 in Q1 2021 [31] - Free cash flow was negative $36 million in Q1 2022, a decrease of $92 million compared to 2021 [32] - Net debt increased by $40 million to $664 million as of March 31, 2022, with a debt leverage ratio of 2.77 times [33] Business Line Data and Key Metrics Changes - The targeted print segment saw a 3% increase in catalog business for the quarter and a 20% increase over the trailing 12 months [42] - Direct mail increased over 21% in the quarter, while packaging grew by about 4% [42] - Large scale print, including retail inserts and magazines, experienced declines of about 20% and 7% respectively [40] Market Data and Key Metrics Changes - The company faced macroeconomic headwinds such as inflationary cost pressures and supply chain constraints, impacting net earnings and adjusted EBITDA [9] - The company implemented a price increase effective May 15, 2022, in response to rising costs [9][30] Company Strategy and Development Direction - The company is transforming into a marketing experience company, focusing on integrated marketing solutions that streamline and enhance client engagement [11][12] - Investments are being made in talent acquisition, technology solutions, and next-gen printing capabilities to strengthen competitive positioning [13][14] - The company aims to diversify revenue into higher value and higher-margin offerings while managing expected declines in large scale print [10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges from inflation and supply chain issues but expressed confidence in the company's strategy and future as a marketing experience company [56] - The company plans to remain nimble with pricing to mitigate negative impacts from supply chain disruptions and cost inflation [36] Other Important Information - The Postal Service Reform Act was signed into law, which is expected to save the Postal Service approximately $50 billion over the next 10 years [17] - The company is committed to sustainability and has been recognized for its efforts in this area, which is a core part of its ESG strategy [21][23] Q&A Session Summary Question: Insights on industry and segment trends - Management noted that large scale print is expected to continue its organic decline, with retail inserts down about 20% and magazines down about 7% [40] - Targeted print segments performed well, with catalog business up 3% and direct mail up over 21% [42] Question: Unique position as a marketing experience company - The company differentiates itself by offering a one-stop shop that integrates both planning and execution in marketing [44][46] Question: Impact of paper constraints - Paper constraints affected net sales, which were guided to increase by 3% to 7%, but the company managed to achieve a 9% increase despite these challenges [48] Question: Growth investments to distinguish marketing platform - The company invested $19 million in capital expenditures in Q1 2022, focusing on automation and faster printing presses [51] - Additional investments in labor and talent acquisition were highlighted to prepare for peak season [52][54]

J.P. Morgan 2022 Global High Yield & Leveraged Finance Conference March 2, 2022 Presenters & Forward-Looking Statements Tony Staniak Chief Financial Officer Kelly Vanderboom Executive Vice President, Treasurer & President of Logistics Forward-Looking Statements This communication contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, our current expectations about t ...