GREIF, INC. Greif Inc. Investor Overview
April 2024
Safe harbor
April 2024 | P.2 |
Company Overview
April 2024
Greif: Over 145 years of packaging excellence
M AT E R I A L S O L U T I O N S | R E G I O N S |
$5.2b
Sales1
Containerboard | Boxboard | North America | EMEA |
Steel | Plastics & Other | LATAM & APAC |
Adjusted EBITDA1 | Free Cash Flow1 |
& Margin | & Conversion |
$819m / 15.7% | $481m / 58.7% |
250+ facilities
37 countries
14,000+ colleagues
LARGE STEEL | CORRUGATED | INTERMEDIATE | CONTAINERBOARD JERRYCANS | PLASTIC DRUMS | FIBRE DRUMS | SPECIALTY | TUBES AND | PROTECTIVE | CLOSURES | ADHESIVES |
DRUMS | SHEETS | BULK CONTAINERS | AND BOXBOARD | DRUMS | CORES | PACKAGING | ||||
- Fiscal year ended 10/31/2023; a summary of all adjustments that are included in Adjusted EBITDA and Adjusted Free Cash Flow is set forth in the appendix of this presentation
April 2024 | P.4 |
Global Industrial Packaging (GIP) Segment: A diversified, scaled and comprehensive global product portfolio
MATERIAL SOLUTIONS | REGIONS |
$2.9b
Sales1
STEEL DRUMS | INTERMEDIATE BULK | SMALL PLASTIC |
CONTAINERS | CONTAINERS |
PLASTIC DRUMS | FIBRE DRUMS | CLOSURES |
Steel | North America |
EMEA | |
Plastics & Other | LATAM & APAC |
Adjusted EBITDA1 | Adjusted EBITDA Margin |
$424m14.4%
Global End Markets Served | % of Mix | |
Lubricants/ | 21% | |
Petrochemicals | ||
Specialty chemicals | 16% | |
Food and | ||
beverages/Flavors | 14% | |
and fragrance | ||
Bulk chemicals | 13% | |
Paints/coatings | 8% | |
Key Market Drivers
- Large-scalemanufacturing growth and production utilization
- Expanding global food consumption and crop yield efficiency
- GDP growth and consumer durable goods spending
(1) Fiscal year ended 10/31/2023; a summary of all adjustments that are included in Adjusted EBITDA is set forth in the appendix of this presentation
April 2024 | P.5 |
GIP Strategy: Expanding production of resin-based products which offer significant growth upside and stronger margin profile
VERTICAL
Intermediate Bulk Containers (IBCs)
Small
Plastics
Reconditioning Services
Closures
End Markets
GROWTH OBJECTIVE
Quickly scale to #2 player with defined long-term path to #1 globally
Build global network of small plastics and jerry cans
Expand reconditioning / recycled offering
Grow organically and through M&A
Increase exposure to pharma and food & beverage markets
Progress under Build to Last
- Margin and free cash flow accretive
- Greatly expand product offering in small plastics, reconditioning and IBCs
- Favorable end markets exposure
Robust acquisition pipeline to drive future progress under programmatic approach
April 2024 | P.6 |
GIP Strategy: Accelerating our growth through targeted M&A
Growing our business through acquisitions to provide the most comprehensive suite of | 31 |
product offerings globally in high performing small plastics / jerrycans | |
Legacy Greif
Lee Container
Reliance
Ipackchem
JERRYCAN
FACILITIES
18
COUNTRIES
G r o w i n g i n t h e
c o m p e l l i n g s m a l l p l a s t i c s / j e r r y c a n m a r k e t
▪ $3.1b global market growing at low-single-digits annually
- Favorable exposure to stable end markets in Ag Chem, Flavors & Fragrances, Food & Beverage and Pharma
- Higher spec / technology product offerings carry margin advantage
April 2024 | P.7 |
Paper Packaging & Services (PPS) Segment: An integrated and niche position in high-margin specialty product groups
$2.3b
Sales1
CONTAINERBOARD | TUBES AND CORES | CORRUGATED SHEETS |
& BOXBOARD |
PROTECTIVE PACKAGING | BULK PACKAGING | ADHESIVES |
Containerboard | Boxboard |
Adjusted EBITDA1 | Adjusted EBITDA Margin |
$386m17.1%
Tube and Core End Markets Served | % of Mix | |
Paper industry | 22% | |
Films and plastics | 21% | |
Construction | 18% | |
and housing | ||
Textiles | 12% | |
Other | 27% | |
Key Market Drivers
- E-commerceand distribution center growth
- Nearshoring, infrastructure spending and residential housing construction
- Shift to sustainable paper products, recyclability and reusable packaging
(1) Fiscal year ended 10/31/2023; a summary of all adjustments that are included in Adjusted EBITDA is set forth in the appendix of this presentation
April 2024 | P.8 |
PPS Strategy: Generate earnings power through downstream converting and specialty offerings
VERTICAL
Downstream Converting
Corrugated Bulk Packaging
Construction Products
Coatings
Adhesives
GROWTH OBJECTIVE
Invest in additional high-margin URB / CB converting operations
Continue to organically grow high-margin specialty product line
Capture share in high-margin,high-growth end market
Grow off-line and on-machine coatings for plastic replacement
Expand third party sales in this high margin business
Progress under Build to Last
Dallas | Louisville |
Sheetfeeder | |
Litholaminator | |
- Organic investments: expand scale / efficiency of high margin specialty products
- ColePak acquisition expands product offerings into niche high-margin markets
Growth-focused investments
will drive improved mix of higher
margin specialty products
April 2024 | P.9 |
The Build to Last Strategy
April 2024
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Disclaimer
Greif Inc. published this content on 18 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 April 2024 14:02:03 UTC.
