Graphic Packaging Company (GPK) Investor presentation summary

Strategic transformation and market leadership

• Completed a multi-billion dollar investment program, establishing a leading position in sustainable consumer packaging with a focus on innovation and quality advantage.

• Expanded capabilities through major acquisitions, including International Paper Consumer Packaging and AR Packaging, and built advanced recycled paperboard facilities in Kalamazoo and Waco.

• Achieved significant scale, with $8.8B in 2024 sales, operations in 26 countries, and over 23,000 employees.

• Approximately 95% of revenues are from recyclable products, with a strong patent portfolio and 70% of sales in the U.S.

• Prioritized returning excess cash to shareholders and targeting investment grade credit rating by 2030.

Financial performance and capital allocation

• Projected cash flow inflection in 2026, with normalized capital expenditures at ~5% of sales after 2025.

• Vision 2030 base model targets low-single digit annual sales growth, mid-single digit adjusted EBITDA growth, and high-single digit adjusted EPS growth.

• Capital allocation priorities include reinvestment, dividend growth, share repurchases, achieving investment grade ratings, and selective M&A.

• Repurchased approximately 24% of shares since 2018 while doubling sales and EBITDA and maintaining modest leverage.

• 2025 guidance projects net sales of $8.4B to $8.6B, adjusted EBITDA of $1.4B to $1.45B, adjusted EPS of $1.80 to $2.00, and capital spending of ~$850M.

Innovation and sustainability commitments

• Innovation drives market expansion, with a $15B addressable market opportunity and ≥2% of sales growth from new products.

• Every new product innovation aims to be more circular, functional, and convenient than alternatives.

• Sustainability goals include 50.4% reduction in Scope 1 and 2 GHG emissions and 30% reduction in targeted Scope 3 emissions by 2032.

• Targets 90% renewable fuel use in wood-based paperboard manufacturing and 100% sustainable sourcing of forest products.

• Committed to zero life injuries, high employee engagement, and enhancing local communities.