Company Profile

Key Financial Summary

in USD million Q1 2018 Pro Forma LTM
Q1 2018
Pro Forma
2017
2017
Revenue 148.3 593.0 574.3 535.9
Adjusted EBITDA 17.1 85.9 85.7 80.1
Adjusted EBIT 6.8 47.5 49.5 47.0
Adjusted Net Income 5.1 26.1 24.4 23.7
Pro Forma Adjusted Diluted EPS from
continuing operations (in $)
0.12 0.67 0.64 0.56

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Investment Highlights

  • 1.

    Leading sustainable packaging company IPL designs and manufactures innovative specialty packaging products for customers across a wide variety of industries in North America and Western Europe. The Company has leading positions in its core markets for several product lines. IPL also maintains a strong focus on sustainability as part of its “Zero Waste” culture. Its products are 100% recyclable and use increasing amounts of recycled material.

  • 2.

    Customer-focused product innovation model with rapid speed to market IPL is recognized for its superior customer responsiveness. By integrating its product development capabilities and manufacturing processes, the Company delivers customized and cost-effective new products to customers with lead times as short as six weeks. This responsiveness has built strong customer loyalty and is key to winning new orders.

  • 3.

    Track record of organic revenue and profitability growth IPL generates organic revenue and profitability growth by winning and expanding customer relationships while maintaining a constant focus on disciplined financial management and capital allocation. In the two years ended December 31, 2017, IPL’s revenue increased at an organic compound annual growth rate of 6.3% on a constant currency basis, while Adjusted EBITDA increased at an organic compound annual growth rate of 12.9% on the same basis.

  • 4.

    Highly diverse blue-chip customer base supported by longstanding relationships IPL has a highly diverse base of more than 5,300 customers, including Fortune 500 companies, large municipalities and regional and local businesses. Major customers include Danone, the Kraft-Heinz Company, Lowe’s, Nestlé, Parmalat, Pepsico, Smucker’s, Unilever and Home Depot. No single customer accounts for more than 5% of overall revenue, and the top 10 account for less than 25% of overall revenue.

  • 5.

    Well-invested asset base, proven operational excellence, substantial IPL has 14 manufacturing facilities in North America, Europe and China that are equipped with approximately 320 molding machines. Between Fiscal 2015 and Fiscal 2017, the Company invested nearly $100 million in its facilities to increase production capacity and efficiency and expand customer reach.

  • 6.

    Successful consolidator in a fragmented market Since 2014, IPL has acquired four major plastics companies with a combined enterprise value of more than $420 million. The industry is highly fragmented in North America and Western Europe, and IPL is well positioned to pursue more strategic and accretive acquisitions in the future.

  • 7.

    Proven and deeply experienced global management team The IPL management team is highly accomplished, with an average of more than 20 years of experience in the plastics industry. The team has a proven ability to deliver above-market growth, deploy capital on a disciplined basis, successfully integrate acquisitions, manage costs and deliver impressive margin expansion.

View the IPL Corporate video

View the IPL Corporate video