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August 29, 2015 4:03 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

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 SIG
Age: 43
Chief Executive Officer of Evergreen
Age: 51
Compensation as of Fiscal Year 2015.

Reynolds Group Holdings Ltd. Key Developments

Reynolds Group Holdings Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Impairment Charges for Second Quarter Ended June 30, 2015

Reynolds Group Holdings Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $2,913 million compared to $3,056 million for the last year. Profit from operating activities was $426 million, compared to $288 million for the last year. Loss from continuing operations before income tax was $45 million, compared to $52 million for the last year. Loss from continuing operations was $78 million, compared to $59 million for the last year. Loss attributable to equity holder of the group - continuing operations was $78 million, compared to $59 million for the last year. Adjusted EBITDA was $574 million, compared to $539 million for the last year. EBITDA was $590 million, compared to $492 million for the last year. For the six months, the company reported revenue of $5,600 million compared to $5,783 million for the last year. Profit from operating activities was $658 million, compared to $479 million for the last year. Loss from continuing operations before income tax was $219 million, compared to profit from continuing operations before income tax $101 million for the last year. Loss from continuing operations was $261 million, compared to profit from continuing operations $45 million for the last year. Profit attributable to equity holder of the group - continuing operations was $2,442 million, compared to $12 million for the last year. Adjusted EBITDA was $1,003 million, compared to $888 million for the last year. EBITDA was $961 million, compared to $959 million for the last year. Net cash flows used in operating activities was $26 million, compared to net cash flows from operating activities $150 million for the last year. For the quarter, the company reported asset impairment charges, net of reversals $4 million.

Beverage Packaging Holdings (Luxembourg) II S.A., Reynolds Group Holdings Ltd., Q2 2015 Earnings Call, Aug 06, 2015

Beverage Packaging Holdings (Luxembourg) II S.A., Reynolds Group Holdings Ltd., Q2 2015 Earnings Call, Aug 06, 2015

Reynolds Group Holdings Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Financial Guidance for the Full Year of 2015

Reynolds Group Holdings Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $2,687 million, profit from operating activities of $232 million, loss from continuing operations before income tax of $174 million, loss from continuing operations of $183 million, net loss of $2,510 million, EBITDA from continuing operations of $413 million, adjusted EBITDA from continuing operations of $387 million, total Adjusted EBITDA of $454 million against revenue of $2,727 million, profit from operating activities of $191 million, profit from continuing operations before income tax of $153 million, profit from continuing operations of $104 million, net profit of $131 million, EBITDA from continuing operations of $396 million, adjusted EBITDA from continuing operations of $420 million, total Adjusted EBITDA of $531 million a year ago. Revenue for the group for the quarter was down 1% from the same period last year. On an LTM basis, revenue of $11.6 billion was flat compared to the same period last year. Net cash flows used in operating activities of $327 million compared to net cash flows from operating activities of $8 million a year ago. Capital expenditures were $134 million compared to $184 million in the prior year period. The decrease was primarily driven by Pactiv Foodservice due to lower spending as expansion and plant rebuild projects in 2014 were completed. The company expects to incur approximately $500 million in capital expenditures during 2015 (excluding acquisitions) largely to support business growth, cost reduction and business maintenance. The company expects to fund these expenditures with cash flows from operations as well as from insurance proceeds. Actual capital expenditures may differ.

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