Verallia Sas · EURONEXT:VRLA
Verallia Sas — Verallia — Q3 2026 Earnings Presentation
21 slides from Verallia Sas's earnings presentation, Oct 28, 2026
Slide 1: Q3 2026 results
Q3 2026 results 28 October 2026
Slide 2: Summary
Summary 01 Introduction 02 Q3 & 9M 2026 03 2026 outlook financial results Q3 2026 RESULTS 28.10.26 2
Slide 3: Introduction
INTRODUCTION Patrice LUCAS CEO Q3 2026 RESULTS 28.10.26 3
Slide 4: A global leader in glass packaging
A global leader in glass packaging customers DIVERSIFIED AND BALANCED END-MARKETS 2025 Glass packaging(1) sales split by end-market(2) ~11,000 countries(5) employees Food 12 ~11,000 18% Still wine 31% Soft drinks 12% 2025 decoration (6) ~ 18 bottles/jars plants 6 billion p.a. 12% 11% Beer 16% Sparkl
Slide 5: Strategic partnership with Moët Hennessy to support innovation in next generation glass packaging
Strategic partnership with Moët Hennessy to support innovation in next generation glass packaging CUSTOMER INTIMACY A long-term R&D partnership with one of Verallia's most iconic premium customers, combining customer expertise and industrial know-how INNOVATION Development of a new generation of gla
Slide 6: Q3 2026: profitability in line with H1 despite lower activity
Q3 2026: profitability in line with H1 despite lower activity REVENUE ADJUSTED EBITDA NET DEBT • €172m, -4.8% vs. • -2.1% yoy Q3 2026 Q3 2025 to €829m • Margin at 20.8% • -3.1% organic vs. 21.3% in Q3 growth • Leverage: 2025 (-59 bps) 2.5x LTM adj. EBITDA vs 2.6x end of Jun. 26 and 2.7x • €523m, -1.
Slide 7: Q3 & 9M 2026 financial results
Q3 & 9M 2026 FINANCIAL RESULTS Cristina RIESGO CFO Q3 2026 RESULTS 28.10.26 7
Slide 8: Q3 2026 consolidated revenue variance analysis
Q3 2026 consolidated revenue variance analysis Organic growth: -3.1% in Q3 26 REPORTED REVENUE (IN €M) (-3.9% excluding Argentina) Volumes down in Q3, mainly over July-August 846 • Europe: lower volumes driven by German beer and SWE wines (France, Iberia) 25.0 829 • LatAm: volumes up in Brazil led b
Slide 9: 9M 2026 consolidated revenue variance analysis
9M 2026 consolidated revenue variance analysis Organic growth: -1.7% in 9M 26 REPORTED REVENUE (IN €M) (-2.3% excluding Argentina) Lower volumes mainly driven by Q3 2,569 • European volumes up excl. Germany, driven 27.2 by beer, food jars and spirits • Broadly stable LatAm volumes with improving 8.5
Slide 10: Q3 2026 consolidated adjusted EBITDA variance analysis
Q3 2026 consolidated adjusted EBITDA variance analysis -59bps ADJUSTED EBITDA (IN €M) Q3 2026 Q3 2025 181 Adjusted EBITDA margin 20.8% 21.3% 1.7 1.3 172 Activity / Operating leverage 24.7 • Negative contribution driven by lower sales volumes and 20.9 strong decrease in finished goods inventory in Q3
Slide 11: 9M 2026 consolidated adjusted EBITDA variance analysis
9M 2026 consolidated adjusted EBITDA variance analysis +3bps ADJUSTED EBITDA (IN €M) 9M 2026 9M 2025 Adjusted EBITDA margin 20.7% 20.7% 531 Activity / Operating leverage 3.6 2.9 523 25.8 • Negative contribution mostly reflecting Q3 impact (H1 18.3 broadly flat, together with sales volumes) Negative
Slide 12: 30 September 2026 Group net debt evolution and leverage: continued deleveraging
30 September 2026 Group net debt evolution and leverage: continued deleveraging In € million 30/09/2026 30/06/2026 31/12/2025 30/09/2025 Net Debt 1,736.2 1,778.9 1,860.8 1,920.4 LTM Adjusted EBITDA 684.4 693.0 692.2 732.5 Net Debt / LTM Adjusted EBITDA 2.5x 2.6x 2.7x 2.6x • Net debt at €1,736.2m inc
Slide 13: 30 September 2026 Financial Structure and Liquidity
30 September 2026 Financial Structure and Liquidity Nominal amount or In € million max. Amount Maturity Nominal rate 30 Sept. 2026 drawable Sustainability-Linked Bond – May 2021(1) 100.3 May 2028 1.750% 100.8 Sustainability-Linked Bond – November 2021(1) 70.2 November 2031 1.875% 70.7 Bond – Novembe
Slide 14: 2026 Outlook
2026 OUTLOOK Patrice LUCAS CEO Q3 2026 RESULTS 28.10.26 14
Slide 15: 2026 outlook confirmed
2026 outlook confirmed • On the back of the first effects of its capacity adjustment plan, the strict control of its costs and focus on cash generation, Verallia remains confident in its ability to deliver its 2026 objectives • The Group aims to generate the following in 2026: A free cash-flow aroun
Slide 16: Q & A
Q& A Q3 2026 RESULTS 28.10.26 16
Slide 17: Appendix
APPENDIX Q3 2026 RESULTS 28.10.26 17
Slide 18: Reconciliation of operating profit to adjusted EBITDA
Reconciliation of operating profit to adjusted EBITDA In €m 9M 2026 9M 2025 Operating profit 171.0 230.2 Depreciation and amortisation(1) 278.9 268.1 Restructuring costs 60.9 14.6 IAS 29 Hyperinflation (Argentina)(2) (0.9) 2.7 Management share ownership plan and associated costs 4.0 3.5 Company acqu
Slide 19: Glossary
Glossary • Activity category: corresponds to the sum of the • Recurring investments: Recurring Capex represent • The segment Latin America comprises production volumes variations plus or minus changes in acquisitions of property, plant and equipment and plants located in Brazil, Argentina and Chile
Slide 20: Disclaimer
Disclaimer Certain information included in this presentation are not historical facts but are forward-looking statements. These forward-looking statements are based on current beliefs, expectations and assumptions, including, without limitation, assumptions regarding Verallia's present and future bu
Slide 21: Thank you
Thank you