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Magnera Possibilities Made Real Fiscal 2026 – Q3 - Earnings Presentation August 6 , 2026 21850
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Safe Harbor Statements and Important Information Magnera Corporation (NYSE: MAGN) serves 1,000+ customers worldwide, offering a wide range of material solutions, including components for absorbent hygiene products, protective apparel, wipes, specialty building and construction products, and products serving the food and beverage industry. Operating across 44 global facilities, Magnera is supported by over 8,000+ employees. Non-GAAP Financial Measures and Estimates This press release includes non-GAAP financial measures including, but not limited to, Adjusted EBITDA, free cash flow, and comparable basis net sales and adjusted EBITDA. A reconciliation of these non-GAAP financial measures to comparable measures determined in accordance with accounting principles generally accepted in the United States of America (GAAP) is set forth at the end of this press release. Information reconciling forward-looking adjusted EBITDA and adjusted free cash flow are not provided because such information is not available without unreasonable effort due to high variability, complexity, and low visibility with respect to certain items, including debt refinancing activity or other non-comparable items. These items are uncertain, depend on various factors, and could be material to our results computed in accordance with U.S. GAAP. Forward Looking Statements This document contains certain statements that are “forward-looking” statements within the meaning of the federal securities laws and are presented pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such “forward-looking” statements include, but are not limited to, statements with respect to our future financial performance and condition, results of operations and business, our expectations or beliefs concerning future events, plans, objectives, expectations and intentions, and other statements that are not historical facts. These statements may contain words such as “believes,” “expects,” “may,” “will,” “should,” “would,” “could,” “seeks,” “approximately,” “intends,” “plans,” “estimates,” “projects,” “outlook,” “guidance,” “anticipates” or “looking forward” or similar expressions. In addition, we, through our senior management, from time to time make forward- looking public statements concerning our expected future operations and performance and other developments. These forward-looking statements are based upon the current beliefs and expectations of the management of Magnera and are subject to risks and uncertainties that may change at any time. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Although it is not possible to identify all of these risks and uncertainties, they include, among others, the following: global economic conditions; inflation; the cost and availability of raw materials and energy; disruption of ou r supply chain; the adverse impact of weather events on our facilities, inventory and suppliers, as well as adverse effects on our customers, suppliers and other business partners; the effect of competition on our business; our inability to integrate future acquired companies or to realized expected operating synergies; synergies expected to be achieved in connection with our business combination with a subsidiary of Berry Global Group, Inc. in November 2024; our inability to retain our officers and employees or the occurrence of labor disputes; disrupt ion of our information technology systems, including as a result of a cyber breach; risks associated with operating internationally, including fluctuating exchange rates, tariffs, differing tax laws and regulation; litigation and regulatory investigations; and disputes related to intellectual property used in our business. Additional information regarding these risks and uncertainties and other risks applicable to our business are described in additional detail in our reports filed with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the fiscal year ended September 27, 2025, and other filings that we make with the SEC. These risk factors may not contain all of the material factors that are important to you. New factors may emerge from time to time, and it is not possible to either predict new factors or assess the potential effect of any such new factors. Accordingly, readers should not place undue reliance on those statements. All forward-looking statements are made as of the date hereof, and we undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. Information about Magnera can be located at Magnera.com. For investors, information can be located at IR.Magnera.com. 2
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Today’s Presenters 3 Curt Begle Chief Executive Officer Jim Till Chief Financial Officer Robert Weilminster EVP, Investor Relations
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Q3 2026 Highlights 44 Strong results reflect focused execution Wipes and Infrastructure delivered growth Reaffirming our FCF guidance while moving to lower-end of Adjusted EBITDA range $857 M Net Sales $99 M Adjusted EBITDA +70 bps
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Magnera | NYSE: MAGN 5 Global Capabilities Well-positioned to serve global CPGs and regional customers with 44 locations Essential Products Magnera’s mission-critical products are deeply embedded in our day-to-day livesMagnera is a global leader in advanced specialty materials, providing essential products to large and growing end markets Innovation Expertise Magnera’s solutions drive customers’ goals by solving end users’ most important problems
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A new era, Magnera 6 We have the enhanced ability to innovate, serve our customers and provide solutions to the significant challenges faced by consumers. OUR PURPOSE To better the world with new possibilities made real We believe in empowering our teams through open communication and providing opportunities for personal and professional growth. Our commitment to sustainability and responsible business practices remains steadfast. Together, we are contributing to a better world. Safety and our dedication to quality continue to be the cornerstones of everything we do. OUR PROMISE Co-creation of innovative material solutions that propel our customers’ goals and solve end-users’ problems OUR BELIEFS Passion Innovation Curiosity Success
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Global Capabilities Ensure We Are Where The Customer Is 7 Global plant network, well-positioned to serve global CPGs and regional customers 1,000+ 44 8,000+ 100+ Plants Employees Countries 7 of 10 Top Customers 20+ Year Relationship 1,000+ Active Patent Portfolio Top Quartile Safety Performance (2025) Customers Source: U.S. Bureau of Labor and Statistics
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90% Procured & 85%+ Sold in Region 90%+ Procured & Sold in Region Local by Design. Global in Impact. Reducing complexity, emissions, and lead times, while strengthening regional partners. 8 ↓ Transportation miles ↓ Lead times ↓ Carbon impact ↑ Supply Chain Resilience Note: Procured in region includes major raw materials such as Resin and Pulp fibers
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Solutions Portfolio CORE: Soft, fast absorbing wipers for daily cleaning PLUS: Cloth-like wipers for a variety of cleaning tasks MAX: Maximum durability and low lint for tough cleaning Magnera Introduces Universa Unites Magnera’s trusted nonwoven technologies into a simplified wipes portfolio designed for consistent cleaning performance across every task 9
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Transformation and Integration Journey 10 Purpose-Led Foundation Strategic Priorities & Value Creation Initial integration – Phase 1 Industry-Leading Customer Experience Successfully Complete TSA Exit Complete Final Phase of Organizational Integration Innovative Portfolio Enhancements Unlocking Full Potential Today
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Fiscal 3rd Quarter Financial Performance 11 Note: $ in millions; Adjusted EBITDA, Post Merger – Adjusted Free Cash Flow are reconciled in the appendix. • 1% organic volume growth driven by Consumer Solutions growth and Personal Care stability • Benefits from synergies, Project CORE, and winter storm recovery all contributed to strong earnings • Proactive actions helped neutralize the impacts of rising inflation $839 $857 +2% Q3 25 Q3 26 Revenue Adjusted EBITDA $91 $99 +9%
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Americas Financial Performance 12 Note: $ in millions; Adjusted EBITDA, Post Merger – Adjusted Free Cash Flow are reconciled in the appendix. • Strength in Infrastructure contributed to overall 1% organic volume growth • Adjusted EBITDA benefiting from first full quarter of run-rate synergies and Project CORE, along with recovery from the winter storms $473 $476 Q3 25 Q3 26 Revenue Adjusted EBITDA $61 $71 +16%
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Rest of World Financial Performance 13 Note: $ in millions; Adjusted EBITDA, Post Merger – Adjusted Free Cash Flow are reconciled in the appendix. • Strength in wipes and infrastructure along with pass-thru of inflation impacted revenue • Timing of the pass-thru of inflation was partially offset by the benefits from synergies realization and Project CORE. $366 $381 +4% Q3 25 Q3 26 $30 $28 -7% Revenue Adjusted EBITDA
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Capital Allocation Approach 14 Cash Flow From Operations Capex 2-3% near term Leverage Target 3X Portfolio Improvement • Focus on deleveraging to ~3.0x • Capex outlook 2-3% of sales • No near-term debt maturities
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Contact Us Investor Contact: Robert Weilminster ir@magnera.com
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MAGN LISTED NYSE Appendix
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Efficient Raw Material Pass-throughs 17 Resilient to Cost Volatility in Raw Materials • Majority of revenue includes pass-through provisions for primary raw material costs • Pass-throughs enable stable per-unit profitability; however, fluctuations in raw material prices may result in sales and margin volatility based on timing • P&L is temporarily impacted by the lag between purchase of raw material and the sale to customers • Commercial actions in place to manage unprecedented volatility Material Margin Material Margin Material Costs Material Costs Net Sales Net Sales Before Raw Material Increase After Raw Material Increase Materials costs increase to same amount after pass through Material margin remains unchanged Overview Illustrative Raw Material Lag
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18 $61 $71 $50 $55 $60 $65 $70 $75 $80 $30 $28 $10 $15 $20 $25 $30 $35 $40 SG&A $91 $99 $1 $11 $50 $70 $90 $110 $839 $860 $857$21 $500 $600 $700 $800 $900 $1,000 Fiscal 3rd Quarter: Net Sales and Adjusted EBITDA Note: $ in millions Consolidated Revenue Consolidated EBITDA Americas EBITDA Q3 2025 FX Q3 2025 Comparable $5 Volume -$8 Price Q3 2026 $1 Volume $9 Price/Cost /SG&A Volume -$4 -$2 Rest of World EBITDA Q3 2026 Q3 2026 Q3 2026Q3 2025 Comparable Price/Cost SG&AQ3 2025 Comparable Q3 2025 Comparable
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Reconciliation of Non-GAAP Measures and Estimates Net sales and Adjusted EBITDA on a supplemental comparable basis by segment 19
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Reconciliation Footnotes 20