Glatfelter's Strategic Transformation
Glatfelter's Strategic Transformation
The New GLT
A Leading
Engineered
Materials
Company
--
Transformation Actions & Value Creation
Portfolio
Realignment
Multiple Growth
Platforms
Accelerating
Innovation
Committed to
ESG and an
Inclusive Culture
Strategic
Growth
Shareholder
Distributions
Financial
Capacity
Sale of Specialty Papers - $360M
Pension Plan Reversion - ~$33M
Addition of Spunlace technology
~90% of Revenues from Essential
Consumer Staples
Acquisitions
$360M (G-P EU & G-P US)
$304 (Jacob Holm)
Organic
$90M (Ft. Smith)
Dividends of ~$25M annually
Investment
Thesis
GDP/GDP+ growth
categories make up
>80% of Portfolio:
Wipes - 25%
F&B -22%
Hygiene - 18%
Electrical/TS-7%
Tabletop - 6%
Health Care - 4%
---
Issued $500M 8-year Bond at 4.75%
Amended and Extended Credit Facility
Ample leverage flexibility and liquidity
for future growth
Improved
Cash Flows
Adj. EBITDA
Growth:
2018 - $86M
2021-$140M*
Enhancing Everyday Life™... Sustainably
* TTM Pro forma Adjusted EBITDA includes $2.1 million of Mount Holly EBITDA for 4.5 months and $18.3 million of Jacob Holm EBITDA for 10 months not under Glatfelter ownership
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