May 28, 2016 12:30 PM ET

Containers and Packaging

Company Overview of Reynolds Group Holdings Ltd.

Company Overview

Reynolds Group Holdings Limited manufactures and supplies consumer food, beverage, and foodservice packaging products worldwide. The company operates through five segments: Evergreen, Closures, Reynolds Consumer Products, Pactiv Foodservice, and Graham Packaging. The Evergreen segment provides fresh carton packaging products, such as fresh cartons, spouts, and filling machines for juice and milk markets; liquid packaging boards for other fresh beverage carton manufacturers; and coated groundwood paper products for catalogs, inserts, magazine, and commercial printing applications, as well as uncoated freesheet for use in envelope, specialty, and offset printing paper. The Closures segment man...

148 Quay Street

Level Nine

Auckland,  1010

New Zealand

Founded in 2006

30,000 Employees

Phone:

64 9 366 6259

Key Executives for Reynolds Group Holdings Ltd.

Chief Executive Officer and Director
Age: 67
Chief Financial Officer
Age: 52
Chief Executive Officer of Pactiv Foodservice
Age: 56
Chief Executive Officer of Evergreen Packaging Business and Chief Executive Officer of Graham Packaging Business
Age: 51
Chief Executive Officer of Reynolds Consumer Products
Age: 55
Compensation as of Fiscal Year 2015.

Reynolds Group Holdings Ltd. Key Developments

Reynolds Group Holdings Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016; Provides Capital Expenditures Guidance for the Year 2016

Reynolds Group Holdings Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company’s revenue was $2,540 million compared to $2,687 million a year ago. Profit from continuing operations before income tax was $328 million compared to loss from continuing operations before income of $174 million a year ago. Profit from continuing operations was $213 million compared to loss from continuing operations of $183 million a year ago. Profit for the period was $224 million compared $2,510 million a year ago. Adjusted EBITDA from continuing operations was $488 million compared $387 million a year ago. Net cash from operating activities was $117 million compared to net cash used in operating activates of $327 million a year ago. Acquisition of property, plant and equipment and intangible assets was $65 million compared to $138 million a year ago. Capital expenditures were $65 million compared to $134 million in the prior year period. The decrease reflects a $23 million decrease in spending at Graham Packaging primarily due to the timing of expenditures. Capital expenditures incurred in the prior year period include $29 million related to discontinued operations prior to its sale. The company expects to incur approximately $375 million in capital expenditures during 2016 (excluding acquisitions) largely to support business growth, cost reduction and business maintenance. The company expects to fund these expenditures with cash flows from operations. Actual capital expenditures may differ.

Beverage Packaging Holdings (Luxembourg) II S.A., Reynolds Group Holdings Ltd., Q1 2016 Earnings Call, May 05, 2016

Beverage Packaging Holdings (Luxembourg) II S.A., Reynolds Group Holdings Ltd., Q1 2016 Earnings Call, May 05, 2016

Reynolds Group Holdings Ltd. Reports Earnings Results for the Full Year of 2015

Reynolds Group Holdings Ltd. reported earnings results for the full year of 2015. Revenues for the group for the year were approximately $11.2 billion, down 4% from last year. This was primarily due to changes in foreign currency exchange rates, raw material pass-throughs and lower volumes in Evergreen and Graham Packaging. Adjusted EBITDA for the year was $2.019 billion, up 4%. The company reported pro forma adjusted EBITDA for the year of $2.042 billion. Capital expenditure was at $381 million was well down on the prior year. This primarily reflects the sales uptick in March of 2015 as well as reduced spending in foodservice business as certain major projects underway in 2014 was completed in that period.

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