Investor Presentaiton
SIGNIFICANT EBITDA IMPROVEMENT, INTERNALLY FUNDED FROM OPERATING CASH FLOW
MILL INVESTMENT OF ~$1B
3-year investment (2023-2025)
Internally funded from operating
cash flow
Return on cash ~12%1
ROIC ~11%2
EXPECT ~$160M INCREMENTAL, ANNUAL EBITDA AT FULL RUN RATE
Expect to achieve ~$80M improvement in 2026 and an
incremental ~$80M improvement in 2027
EBITDA improvement driven by cost reduction and optimized mill capacity
Cost Reduction
- Fixed cost reductions (mill closures)
Reduced variable input consumption
Energy, Chemicals, Fiber, Coatings,
Water, Freight
Optimized Mill Capacity
- Organic sales growth (100 - 200 bps)
- Substrate optimization
- Internalization of external board purchase
~$100M
~$60M
Graphic Packaging
1. $160M benefit taxed at 25%
2. Assumes incremental D&A of $10M and tax rate of 25%
HOLDING COMPANYView entire presentation