Ranpak Holdings Corp · NYSE:PACK
Ranpak — Q3 2026 Earnings Presentation
10 slides from Ranpak's earnings presentation, Oct 29, 2026
Slide 1: 3Q26 Earnings Presentation
3Q26 Earnings Presentation October 29, 2026
Slide 2: Disclaimers
Disclaimers The results of operations data contained in this presentation are based on our preliminary, unaudited results of operations for the quarter ended September 30, 2026. Such preliminary data should not be viewed as a comprehensive statement of our financial results for the quarter ended Sep
Slide 3: Ranpak Third Quarter Performance Commentary
Ranpak Third Quarter Performance Commentary Automation product line continues momentum across North America and Europe/Asia; North America distribution channel returns to growth; margin discipline driving improvement in a volatile macro environment Strong growth in our Automation product line, led b
Slide 4: Revenue
Revenue System Installed Base (‘000s) Net Revenue North America $ in millions Constant Currency (Non- • Automation equipment sales and PPS growth delivering 1.9% Decrease in System GAAP) % Change(1) strong top-line results 175.0 Installed Base 120 3.4% (includes 0.4% non-cash decrease from warrants)
Slide 5: Profitability
Profitability Adjusted EBITDA(1) Increase of 6.1% at Constant Currency (Non-GAAP) % $ in millions AEBITDA up 5.1% vs 3Q25 on an actual basis and Change(2), (includes 1.6% non- $30.0 cash decrease from warrants) includes a 1.6% non-cash reduction for the provision of warrants (6.1% on a constant curr
Slide 6: Year-to-Date Net Revenue and Adjusted EBITDA
Year-to-Date Net Revenue Year-to-Date Adjusted EBITDA(1) $ in millions $ in millions Constant Currency Constant Currency (Non-GAAP) % (Non-GAAP) % Change(1) Change(1) 6.6% 6.0% $360 $75 25.0% $320 $60 $280 22.5% $240 $45 19.5% 19.6% $200 20.0% $308.3 $60.5 $30 $283.1 $55.2 $160 17.5% $120 $15 $80 15
Slide 7: Liquidity and Capitalization
Liquidity and Capitalization • Ranpak completed 3Q26 with a strong liquidity position - cash balance of $53.4 million and no drawings on its Revolving Credit Facility • Expected to continue improving cash balance in the fourth quarter due to seasonality and working capital • AEBITDA Net Leverage Rat
Slide 8: Unaudited GAAP Income Statement Data
Unaudited GAAP Income Statement Data $ in millions except shares and per share data Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 Net product revenue $ 83.1 $ 83.6 $ 251.3 $ 239.0 Machine lease revenue 18.8 16.0 57.0 44.1 Net revenue 101.9 99.6 308.3 283.1 Cost
Slide 9: Reconciliation of Non-GAAP metrics
Reconciliation of Non-GAAP metrics $ in millions Three Months Ended September 30, Constant Nine Months Ended September 30, Constant Currency (Non- Currency (Non- GAAP) % GAAP) % 2026 2025 $ Change % Change Change (6) 2026 2025 $ Change % Change Change (6) Net loss $ (7.2) $ (10.4) $ 3.2 (30.8) (30.8
Slide 10: Ranpak
Ranpak Deliver a Better World”