Overview Key strengths Key risks Fourth largest biaxially oriented polypropylene (BOPP) producer globally, with about 4% market share, S&P Global Ratings-adjusted EBITDA of $137.8 million in 2020, and a diversified geographic footprint. Operates in the highly fragmented, commoditized, and competitive BOPP film industry. Resilient operating performance, due to the company?s exposure to stable packaging end markets. Narrow product focus with exposure to a single packaging substrate. Track record of passing on volatility of input costs, thereby reducing its exposure to price volatility. Relatively low profitability, in terms of S&P Global Ratings-adjusted EBITDA margins which we expect will return to 11%-12% range in 2021, from 14% in 2020. Long dated maturity profile with debt maturing in 2026. Significant S&P adjusted net
