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February 13, 2016 9:31 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 Packaging Business and Chief Executive Officer of Graham Packaging Business
Age: 51
Compensation as of Fiscal Year 2015.

Reynolds Group Holdings Ltd. Key Developments

Reynolds Group Holdings Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides CapEx Guidance for 2015

Reynolds Group Holdings Ltd. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenue of $2,819 million against $2,981 million a year ago. This was primarily due to changes in foreign currency exchange rates, raw material pass-throughs and lower volumes at Graham Packaging. Profit from operating activities was $305 million against $318 million a year ago. Loss from continuing operations before income tax was $81 million against $464 million a year ago. Profit from continuing operations was $21 million against loss of $375 million a year ago. Profit attributable to equity holder of the Group - continuing operations was $20 million against loss of $376 million a year ago. EBITDA from continuing operations was $490 million against $515 million a year ago. Adjusted EBITDA from continuing operations was $521 million against $517 million a year ago. Capital expenditure is at $79 million was down $83 million on the same period last year. The decrease is primarily as a result of the sale of SIG in March of this year, as well as reduced spending in the foodservice business as certain major projects underway in 2014 were completed in prior periods. For the nine months, the company reported revenue of $8,419 million against $8,764 million a year ago. Profit from operating activities was $963 million against $797 million a year ago. Loss from continuing operations before income tax was $300 million against $363 million a year ago. Loss from continuing operations was $240 million against $330 million a year ago. Loss attributable to equity holder of the Group - continuing operations was $241 million against $332 million a year ago. Net cash from operating activities was $312 million against $545 million a year ago. Acquisition of property, plant and equipment and intangible assets was $304 million against $504 million a year ago. EBITDA from continuing operations was $1,493 million against $1,403 million a year ago. Adjusted EBITDA from continuing operations was $1,482 million against $1,476 million a year ago. The company expects to incur approximately $440 million in capital expenditures during 2015 (excluding acquisitions) largely to support business growth, cost reduction and business maintenance. Included in this estimate is $29 million of actual spending incurred related to discontinued operations prior to its sale. The company expects to fund these expenditures with cash flows from operations. Actual capital expenditures may differ.

Reynolds Group Holdings Ltd., Beverage Packaging Holdings (Luxembourg) II S.A., Q3 2015 Earnings Call, Nov 05, 2015

Reynolds Group Holdings Ltd., Beverage Packaging Holdings (Luxembourg) II S.A., Q3 2015 Earnings Call, Nov 05, 2015

Reynolds Group Holdings Ltd. Announces Executive Changes at its Graham Packaging Business

Reynolds Group Holdings Limited announced the pending resignation of Malcolm Bundey as President and CEO of its Graham Packaging business. Mr. Bundey has served in a variety of positions for Reynolds since 2003, including as President and CEO of Graham Packing since 2012. Mr. Bundey will continue to serve at Graham through the middle of November 2015. The company also announced that John Rooney, CEO of its Evergreen Packaging business, will become CEO of Graham Packaging, effective in November 2015. Mr. Rooney has served as CEO for Evergreen Packaging since 2011, and prior to that he served as COO for Evergreen Packaging and President for Evergreen Equipment. Mr. Rooney will maintain responsibility for the Evergreen Packaging business.

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