Slide 1: Q3 2025 trading update
Q3 2025 trading update SIG Group Anne Erkens, CFO and CEO ad interim October 28, 2025
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: Q3 2025 business summary
Q3 2025 business summary Challenging market environment post summer Revenue development Non-recurring charges Demand for filling Innovation progress equipment • Deteriorating consumer • Asset impairment as a • Expect 60 -70 aseptic • Successful recycling trial confidence across result of the Group’s
Slide 4: Q3 2025 financial summary
Q3 2025 financial summary Resilient EBITDA margin w/o non-recurring charges despite lower revenue Adj. EBITDA Adj. EBITDA margin Adjusted net income Revenue € 769 million Incl. non-recurring incl. non-recurring Incl. non-recurring (6.7)% €123 M (Q3 2024: €206 million) 16.0% (Q3 2024 : 25.0%) €17 M (
Slide 5: 9M 2025 financial summary
9M 2025 financial summary Resilient EBITDA margin w/o non-recurring charges despite lower revenue Adj. EBITDA Adj. EBITDA margin Adjusted net income Revenue € 2,348 million Incl. non-recurring incl. non-recurring incl. non-recurring (2.1)% €495 M (9M 2024: €575 million) 21.1% (9M 2024 : 24.0%) €153
Slide 6: 2025 quarterly revenue development
2025 quarterly revenue development Initial growth assumptions for 2025 Revised 2025 growth outlook >5% 4-5% 3-4% 3-5% 3% 2% 2% 2% 1% 1% Full year 2025 guidance: slightly negative to flat growth at constant Q1 25 Q2 25 H1 25 Q3 25 Q4 25 H2 25 FY 25 currency and constant resin -4% Q1 25 Q2 25 H1 25 Q3
Slide 7: Q3 2025 regional summary: Europe
Q3 2025 regional summary Europe (€ million) Q1 2025 Q2 2025 Q3 2025 9M 2025 9M 2024 Q3 2024 Revenue 252 262 243 757 777 260 Revenue growth 0.5% (1.5%) (6.4)% (2.5)% 6.4% 6.3% (constant currency) Revenue growth 0.4% (1.6)% (6.5)% (2.6)% 6.6% 6.3% (constant currency and constant resin)1 • Strong prior
Slide 8: Q3 2025 regional summary: India, Middle East and Africa
Q3 2025 regional summary India, Middle East and Africa (€ million) Q1 2025 Q2 2025 Q3 2025 9M 2025 9M 2024 Q3 2024 Revenue 100 128 97 325 331 110 Revenue growth 9.6% 1.0% (8.2)% 0.5% 13.9% 20.0% (constant currency) Revenue growth 9.6% 1.0% (8.2)% 0.4% 14.0% 20.0% (constant currency and constant resi
Slide 9: Q3 2025 regional summary: Asia Pacific
Q3 2025 regional summary Asia Pacific (€ million) Q1 2025 Q2 2025 Q3 2025 9M 2025 9M 2024 Q3 2024 Revenue 189 225 213 626 640 223 Revenue growth (0.2)% 1.9% (1.4)% 0.1% 1.2% (1.3)% (constant currency) Revenue growth (0.2)% 1.8% (1.4)% 0.1% 1.3% (1.3)% (constant currency and constant resin)1 • China
Slide 10: Q3 2025 regional summary: Americas
Q3 2025 regional summary Americas (€ million) Q1 2025 Q2 2025 Q3 2025 9M 2025 9M 2024 Q3 2024 Revenue 204 218 215 638 650 231 Revenue growth 9.2% 5.8% (1.5)% 4.2% (1.2)% 4.3% (constant currency) Revenue growth 7.1% 4.1% (2.8)% 2.6% (2.5)% 2.3% (constant currency and constant resin)1 • Good aseptic c
Slide 11: 9M 2025 adjusted EBITDA bridge
9M 2025 adjusted EBITDA bridge Strong top line contribution and favorable raw material costs • Adj. EBITDA w/o non-recurring charges 24.0%1 23.7%1 21.1%1 +1.3% vs. 9M 2024 at constant currencies 9 -12 -18 • Year to date negative FX impact of 33 -5 -26 50 bps to adj. EBITDA margin -61 • Top line refl
Slide 12: Adjusted EBITDA - clarification of adjustments
Adjusted EBITDA - clarification of adjustments Standard SIG principles applied to ensure consistency Included in SIG adjusted EBITDA definition Allocation per SIG KPI definitions1 • Charges where management is held accountable to ~260 ~320 deliver returns on customer projects (e.g. filling line inve
Slide 13: Q3 Non-recurring charges
Q3 Non-recurring charges €320 million of charges included in Q3 Breakdown of charges Q3 (€ millions)1 Chilled carton and bag-in- ~55 ~5 ~320 box/spouted pouch – weak consumer sentiment and ~75 business performance impacted the recoverability of assets Markets and capacities – ~85 reassessment of req
Slide 14: EBITDA reconciliation
EBITDA reconciliation Nine months Nine months ended Non- Nine months ended Sept Sept 30, 2025 recurring ended Sept 30, € million1 30, 2024 (w/o non-recurring) charges2 2025 EBITDA 599 544 (320) 224 Adjustments to EBITDA: Unrealized (gain)/loss on operating derivatives (13) 5 - 5 Restructuring costs,
Slide 15: Net income reconciliation
Net income reconciliation Nine months ended Sept 30, Nine months 2025 Non- Nine months ended Sept (w/o non- recurring ended Sept 30, € million1 30, 2024 recurring) items2 2025 Profit / (loss) for the period 130 138 (269) (131) Non-cash foreign exchange impact of non-functional currency loans and rea
Slide 16: Free cash flow and capital expenditure
Free cash flow and capital expenditure Nine months Nine months Net cash flows from operating ended Sept 30, ended Sept 30, activities: 2024 2025 € million • Lower adj. EBITDA vs. prior year, Net cash from operating activities 269 157 incl. unfavorable FX impact Acquisition of property, plant and • H
Slide 17: Leverage reflects business seasonality
Leverage reflects business seasonality • Increase in gross debt reflects higher Sep 30, Dec 31, Sep 30, leasing offset by US dollar translation € million 2024 2024 2025 benefits Gross debt 2,676 2,475 2,687 • Net debt as of Sept 30, 2025 broadly in line with prior year Cash 274 303 276 • Net leverag
Slide 18: 2025 financial guidance
2025 financial guidance Revenue growth • As announced, the Board (constant currency and Slightly negative to flat proposes to pause the cash constant resin) dividend for the year 2025 • Prioritizing capital Adjusted EBITDA margin Around 21% w/o. non-recurring charges 24.0-24.5% discipline and deleve
Slide 19: SIG's Investor Update 2025
SIG’s Investor Update 2025 Thursday, 30 October 2025, Zurich 9.30 AM to 11.30 AM, followed by a light lunch SIG’s chair Ola Rollén and management will present the Group’s strategic direction, outline capital allocation priorities and provide an update on mid-term guidance. For further information em
Slide 20: Thank you!
Thank you! www.sig.biz