Sig Group Ag · SIX:SIGN
Sig — Q1 2025 Earnings Presentation
13 slides from Sig's earnings presentation, 2025
Slide 1: Q1 2025 trading update
Q1 2025 trading update SIG Group Samuel Sigrist, CEO Anne Erkens, CFO
Slide 2: Disclaimer and cautionary statement
Disclaimer and cautionary statement The information contained in this presentation is not for use within any Neither SIG nor any of its directors, officers, employees, agents, affiliates or These alternative non-IFRS measures are presented as we believe that they country or jurisdiction or by any pe
Slide 3: Q1 2025 business summary
Q1 2025 business summary Solid start to the year amid evolving global trade uncertainties BBB- Baa3 Stable Stable Resilient revenue growth Limited tariff impact expected due Successful refinancing to regional operating structure • 3.2% revenue growth at constant • “In the region for the region” supp
Slide 4: Q1 2025 financial summary
Q1 2025 financial summary Resilient revenue growth and margin improvement Revenue Adjusted Adjusted Free € 746 million EBITDA net income cashflow +3.8% € 166M € 44M € (90)M constant currency (Q1 2024: €155 million) (Q1 2024 : €40 million) (Q1 2024 : €(101) million) +3.2% at constant currency and Adj
Slide 5: Q1 2025 regional summary: Europe and India, Middle East and Africa
Q1 2025 regional summary Europe and India, Middle East and Africa Europe • Revenue growth at constant currency and constant resin 0.4% (€ million) Q1 2024 Q1 2025 • Strong prior year comparison Revenue 251 252 • Growth normalizing however seeing further share gains in carton Revenue growth 5.8% 0.5%
Slide 6: Q1 2025 regional summary: Asia Pacific and Americas
Q1 2025 regional summary Asia Pacific and Americas Asia Pacific • Revenue growth at constant currency and constant resin (0.2)% (€ million) Q1 2024 Q1 2025 • Strong prior year comparison Revenue 185 189 • Market environment remains subdued in China Revenue growth 7.9% (0.2)% (constant currency) • Go
Slide 7: Q1 2025 adjusted EBITDA bridge
Q1 2025 adjusted EBITDA bridge Strong top line contribution to margin expansion • Adjusted EBITDA margin expansion of 80 bps, leading to adj. EBITDA growth of 6.9% at 21.5%1 constant currency 22.3%1 • Top line reflects volume, favorable mix and price 3 -5 -5 1 • Small raw material benefit driven by
Slide 8: EBITDA reconciliation
EBITDA reconciliation Three months Three months ended March ended March € million 31, 2024 31, 2025 EBITDA 134 160 Adjustments to EBITDA: Unrealized (gain)/loss on operating derivatives (2) 2 Restructuring costs, net of reversals 5 - Transaction- and acquisition – related costs - 1 Integration costs
Slide 9: Net income reconciliation
Net income reconciliation • Q1 2025 is the last quarter of PPA Three months Three months amortization for Onex acquisition ended March ended March € million 31, 2024 31, 2025 Profit for the period (7) 16 Non-cash foreign exchange impact of non-functional currency 1 (7) loans and realized foreign exc
Slide 10: Free cash flow
Free cash flow Q1 reflects usual seasonality Three months Three months • Net cash from operating activities ended March ended March reflects higher EBITDA offset by tax € million 31, 2024 31, 2025 payments Net cash from operating activities 8 (8) Acquisition of property, plant and • Net capex includ
Slide 11: Leverage
Leverage Net leverage reflects seasonality • Year-on-year improvement in net leverage Mar 31, Dec 31, Mar 31, € million 2024 2024 2025 • Quarter end gross debt and cash balance Gross debt 2,548 2,475 3,027 include €625 million Eurobond raised as part of 2025 refinancing; gross debt and cash to reduc
Slide 12: 2025 financial guidance
2025 financial guidance Confirmed Revenue growth (constant currency and constant resin) 3-5% • Expect a similar market environment as in 2024 • Guidance subject to: • input costs Adjusted EBITDA margin 24.5% - 25.5% • forex volatility 26-28% Adjusted effective tax rate As per new definition incl. Ne
Slide 13: Thank you!
Thank you! www.sig.biz