Sig Group Ag · SIX:SIGN
Sig — Investor Day (November 2023)
103 slides from Sig's investor day presentation, Nov 22, 2023
Slide 1: Welcome to SIG Capital Markets Day 2023
Welcome to SIG GIG) Capital Markets Day 2023 for better Linnich | November 22, 2023
Slide 2: Disclaimer and cautionary statement
Disclaimer and cautionary statement The information contained in this presentation is not for use within any country or jurisdiction or by any persons where such use would constitute a violation of law. f this applies to you, you are not authorized to access or Use any such information. This present
Slide 3: Samuel Sigrist, Chief Executive Officer
Samuel Sigrist, Chief Executive Officer GIG)
Slide 4: Meet our global leadership team
Samuel Sigrist Chief Executive Officer Suzanne Verzijden Chief People & Culture Officer Abdelghany Eladib President & General Manager, India, Middle East and Africa Ricardo Rodriguez President & General Manager, Americas in Meet our global leadership team Ann-kristin Erkens Chief Financial Officer C
Slide 5: The world must be more safe, reduce carbon and plastic, protect biodiversity
The world must The world must ; ne world must " more safe reduce carbon. reduce plastic & protect and affordable = = packaging waste. ~generate biodiversity. SIG Capital Markets Day | Linnich, November 2023 6
Slide 6: The world needs more food
The world needs more food 690 million peopk _hungry%; while every 1 4¢. adult suffers obesity” ~ 2 billion4eK regula “ -/tosafe nutritia @® Source:1United Nations, 2023;2Food and Agriculture Organization .2United Nations, 2019. 4World Health Organization, 2021. United Nations, 2022. SIG is going Foo
Slide 7: The world must fight climate change
The world must fight climate change Gs) Hottest decade in 125,000.years* Pea ee Loss of 1.2 trillion tons o ice each year Source:tUnited Nations, 2023;2Reuters, 2022; World Economic Forum, 2020. SIG is going ~ Climate Positive With lightweight and space-saving packaging With the lowest carbon soluti
Slide 8: The world must reduce plastic
The world must reduce plastic SIG is going Resource Positive With the least plastic-intensive packaging By replacing fossil-based plastics with bio-based plastics: already today first carton pack 100% linked to forest-based materials fved are from plastic * material : y 10% of plastic “ Producagies
Slide 9: The world must protect and regenerate biodiversity
The world must protect and regenerate biodiversity ~80% of terrestrial Piet ys SIG is going biodiversity lives i ins Forest Positive By securing 100% of its paper board as FSC™-certified to support responsible forest management 41,000 animals worldwide oy By creating an additional 650,000 threatened
Slide 10: Leading market positions across packaging substrates
Leading market positions across packaging substrates and gaining share Spouted pouch systems Cartons Bag-in-box Aseptic Chilled Dairy & yogurt drinks, Fruit juices, non-carbonated soft drinks, liquid Dairy, water, beverage concentrates, fruit purees, baby food, sauces dairy and plant-based alternati
Slide 11: Slide 11
Slide 12: Attractive industry, established platform, innovation, value creation
— anil Attractive industry and end markets Established platform Industry-leading innovations Superior value creation
Slide 13: Resilient and growing end markets
Resilient and growing end markets Rise of global middle class, Population higher disposable income growth Changing Increasing consumer sustainability preferences demand Increasing Emerging markets demand for are experiencing Attractive industry protein rapid market growth and end markets Above-marke
Slide 14: SIG's established platform allows to capture end-market growth
SIG’s established platform allows to capture end-market growth and deliver share gains WA Established platform te © Unique set of packaging types and materials Call Flexible and TCO-efficient 2 filling technology @ Digital and technical services wy 4 Pioneers in sustainability Strong global operatio
Slide 15: Diversified global footprint
Diversified global footprint — strong foothold in established and emerging markets SIG expertise around the world @ Strong presence inemerging markets f 4} Functional expertisewith lobal if Wr Mi ; f knowledge sharing across global : an f Qt Technical engineering and service Pro-forma it f Qt Commer
Slide 16: Attractive razor/razorblade business model
Attractive razor/razorblade business model Packaging Versatile Aseptic filling Technical and Customers & Global materials packaging equipment digital services producers consumers solutions STEUEEN © Gwe Sep ae, [Wn = Boon we Gi Material science Aseptic platform Flexible Efficiency Aseptic Carton a P
Slide 17: We strive for better: distinctive innovation capabilities
We strive for better: distinctive innovation capabilities Industry-leading innovations Aseptic technology new levels of aseptic performance Filling capabilities TCO advancements and product versatility Packaging differentiation consumer centricity Material science & sustainability next-level structu
Slide 18: Creating superior value for SIG's shareholders
Creating superior value for SIG’s shareholders Above market growth 4-6% revenue 4- (constant currency) 7 “ Best-in-class financials >27% Superior adjusted EBITDA margin value creation Superior returns return on capital employed (79) SIG Capital Markets Day | Linnich, November 2023 18
Slide 19: SIG uniquely positioned for above market growth
SIG uniquely positioned for above market growth Culture of innovation and sustainability. For better. Strong Industry-leading value creation innovations Attractive industry Established and end markets \\ platform » . Unique set of Structural drivers packaging types Aseptic technology “A market growt
Slide 20: Agenda
Agenda 1. Samuel Sigrist, Chief Executive Officer 2. Christoph Wegener, Chief Markets Officer 3. lan Wood, Chief Supply Chain Officer 4. Gavin Steiner, Chief Technology Officer 5. Thomas Vellacott, WWF Switzerland 6. Christian Bauer and Karina Boers, Corporate Responsibility with Christian Kern, Hea
Slide 21: Delivering growth in attractive end-markets
Slide 22: Structural growth drivers
Structural growth drivers ia saa 0 Demand for safe & nutritious food Population Increasing growth disposable income World population 1/3 of GDP growth India on the way will reach8.6 2017-2030is to double milk billion by 2030 expected to be processing and 9.8 billion driven by capacity by 20258 by 20
Slide 23: Healthy nutrition, affordability, sustainability, convenience
Healthy Affordability Sustainability Convenience nutrition — a : More than 70% Nearly 2/3 of the 84% of Every 2nd of people want to global population consumers listing millennial visits be healthier. 50% have noticed sustainability as Quick-Service- al says it’s their top higher pricesin “very impor
Slide 24: SIG operates in highly attractive end-markets
SIG operates in highly attractive end-markets Strong end-market growth Aseptic carton Emerging Most sustainable & economic kagi tion for | Structuralmacro Global F&B Consumer trends 3.3% 5.5% SRT Ra aa trends driving global kagi ket driving above-average ° A in ging F&B market packaging marke’ growt
Slide 25: SIG has the right packaging systems and solution portfolio
SIG has the right packaging systems and solution portfolio to capture above-average growth Healthy nutrition Esef Unique packaging and filling capabilities Differentiated packaging shapes SIG DomeMini, SIG Smile Unique filling capability (e.g., Drinksplus and aseptic pouch) with SIG Tech Centers as
Slide 26: Multi-faceted growth strategy along core, geographies, categories, channels
Multi-faceted growth strategy along core, geographies, categories, and channels supported by sustainability Advance new channels Advance new categories Geographical . ; | Market share expansion ee 1 , gainin SIG's & ER core business + Quick-service QD of coffee chains (BIB) UY Above market yw > Plan
Slide 27: Growth strategy underpinned by our commercial platform
Growth strategy underpinned by our well-established commercial platform ‘ 7 Long-standing customer relationships SIG's Leveraging Commercial Engine cross-substrate synergies STEUBEN & itambé & Biot : A neRis, AB BS ietresca ofan, () Sq Pipeline Ley [I Ris, | | 4 B27 management Brazil Average length
Slide 28: 23703 23918
23703 23918
Slide 29: Spouted pouch/BIB (15) Aseptic carton (11) Chilled carton (4)
Spouted pouch/BIB (15) Aseptic carton (11) Chilled carton (4) Equipment (5)
Slide 30: Investing for growth, productivity and quality
Investing for growth, productivity and quality Pipeline of value-creating projects CAPEX priorities Key projects Start of production Plant Mexico (aseptic carton) Q1 2023 Capacity expansion Plant Chilhowie, USA Q4 2023 (BIB plant expansion) Network rationalization Digital printing, Q1 2024 Automatio
Slide 31: SIG Operations Management
SIG Operations Management Structured lean program SES Centralized se strategic ‘o} sourcing Leveragelow- cost country footprint ee ed Pi ~ & SQDC performance management framework Automation & digitalization Global S&OP. process Expected outcome * Continuously reducing cost-to-serve * Top quartile sa
Slide 32: AI driven maintenance service process
SIG helps customers to avoid unplanned downtimes ° *e supported by Al driven maintenance ee service process “null S maintenance pal * Higher technical availability 1 Alpowered eects = * Increased quality output Analytics * Improved food safety Wis 3 pee 6. Event feedback 7*~ 3. Al powered a Analytic
Slide 33: Industry-leading innovation
Slide 34: Striving for better.
Striving for better.
Slide 35: SIG R&D ensures attractiveness of core and breakthrough innovations
SIG R&D: ensures the attractiveness of SIG’s core and creates breakthrough innovations across substrates EE Continuous improvement Continuously strengthening SIG's platform and market position Step-change development Growing our business through step-change innovation Value creation Customers Consum
Slide 36: Structured and integrated R&D approach
Structured and integrated R&D approach to deliver superior value creation Pre- Continuous Step change Value development improvement | development : creation Ongoin Customers Laying the going Growing our foundation for strengthening business through SIG's platform Consumers development and and market
Slide 37: Our global R&D network
Our global R&D network of SIG R&D Centers spanning across three continents SIG R&D Center Neuhausen, Switzerland SIG R&D Center f Linnich, Germany ==! Northlake, USA. SIG R&D Center Suzhou, China ) SIG Packaging and Technology R&D Centers (79) SIG CapitalMarketsDay | Linnich,November 2023 37
Slide 38: Areas of R&D delivery
Areas of R&D delivery Aseptic Industry-leading pee Filling Aseptic technology new levels of aseptic performance Filling capabilities TCO advancements and e product versatility P k Packaging differentiation a C a I Nn consumer centricity Material science & sustainability next-level structure dev. SIG
Slide 39: Aseptic and filling capability expertise sharing across platforms
Aseptic and filling capability expertise sharing across all SIG packaging platforms — reaching improved TCO Spouted pouch Aseptic carton Cross-substrate Bag-in-box technology expertise (79) SIG Capital Markets Day | Linnich,November 2023 39
Slide 40: Consumer-centric development approach
SIG’s consumer-centric development approach as key lever for packaging differentiation SIG LinkCap Consumer centricity a define the problem Ethnographic Functional Consumer Research Consumer Testing SIG Smile SIG DomeMini (79) SIG Capital Markets Day | Linnich,November 2023 40
Slide 41: Deep knowledge of material science
SIG’‘s deep knowledge of material science is pushing the boundaries for new packaging development il Barrier functions Ww Sustai nabi | ity - c> Package stability » & f Shelf-life performance | Ta - peeeeneeneeeeneneeeeertenete , —t+ Performance (79) SIG Capital Markets Day | Linnich,November 2023 4
Slide 42: We're on a journey to create packaging for better
Fo rward,. "4 We're on a journey to create packaging for better! Packaging that gives more to the people and the planet than it takes out. SIG CapitalMarkets Day. Linnich, November 2028." 422
Slide 43: Together supporting thriving forests
Together supporting thriving forests Presentation by Thomas Vellacott, CEO WWF Switzerland
Slide 44: Forward. Sustainability.
Forward. »»> Sustainability.
Slide 45: We're on a journey to create packaging for better
Slide 46: A perfect pack solution does not exist, yet
A perfect pack solution does not exist, yet... but one day it will, and it will: _ ° Remove more carbon from the atmosphere than emitted during its life-cycle. Be made from endlessly renewable materials and end the use of aluminum. Bring safe, healthy nutrition to everyone. Be fully and easily recyc
Slide 47: Our sustainability approach
Climate + Removing more carbon than we emit Resource + Accelerating innovation on circularity Our sustainability approach sustainable innovation and responsible culture Food + Improving access to nutrition & cutting food waste ae Forest + Creatingmore ~ thriving forests SIG Capital Markets Day | Lin
Slide 48: How SIG's net positive strategy is driving our innovations
How SIG's net positive strategy is driving our innovations Foundation Evolution Revolution 100% linked to Linked toupto95% Polymers 100%linked 100% linked to forest-based materials forest-basedmaterials torecycled plastics forest-based materials Noaluminum layer Noaluminum layer Noaluminum layer (wh
Slide 49: Resource+ commitments advance circularity
NZ Through our Resource+ commitments, Ke we advance circularity of our packaging worldwide Resource + Design Simplified design to ease recycling. for recycling ; We aim to achieve recycling at scale through global Recycling advocacy & partnership in all our priority markets. at scale &e ® oO CO OEE
Slide 50: Resource+ commitments advance circularity
NA Through our Resource+ commitments, Ke ° ° ° 0 Resource + we advance circularity of our packaging worldwide o> . + iF; . : ve Designedto Simplified structure: Recycle-ready a ' pesto | | be fully no alu-layer and full for allsegments or recycling recyclable. barrier. by 2025. 3) 2 == fe) J ® Recyc
Slide 51: Climate Positive
Climate Positive Towards Net-Zero and Beyond Footprint reductions for our value chain * Supply chain: Work with suppliers, remove aluminum. * Operations: 100% renewable electricity. Fade out fossil energy carriers. * Markets: Design more efficient filling systems & deliver low carbon innovations. Cl
Slide 52: Towards Zero Net Loss of Nature
Towards Zero Net Loss of Nature Forest positive and beyond Forest + Forests: + Ensure all forest raw materials come from responsibly managed forests where biodiversity is maintained, 100% FSC™- certified. + Engage in forestry projects enabling biodiversity globally, with partners like WWF Switzerlan
Slide 53: Partnering with our customers to reach their commitments
Partnering with our customers to reach their commitments BX "By 2030, we will reduce N@Stls Good food, Good life OUremissions by 50%. Ks "Our purpose: Nourishing by nature” Traditional tin can product launchedin a ‘ “Bringing health aseptic carton through food to as many people as (Gap possible.” Fi
Slide 54: Installed base is ready for sustainable innovations
Our installed base is ready for SIG’s sustainable innovations © Our global installed base in aseptic carton ~1,360 filling machines. © Unique sealing technology as key enabler Our unique sealing technology ensures that our installed base can run sustainable structures today, including alu-free. © Fu
Slide 55: Forward. Innovation.
Forward. »»> Innovation.
Slide 56: Regional presentations: APAC
Slide 57: Key growth opportunities in APAC
ij Wi Key growth wr’ Liquid rite growth MMe 2 eu & ( _ portunity for with accessible price value add, opportunity in bag-in-box and smart points differentiation and metropolitan cities dispensing solutions sustainability Ge SIG Capital Markets Day! Linnich,November2023 57
Slide 58: SIG's substantial footprint delivering future growth
SIG‘s substantial footprint delivering future growth Pd 2022 liquid dairy LZ consumption / capita 1 re) 1 7 Population 1,413 million 1 2.0L Piseustitan sias Sales & Service Southeast Asia Ea oe OC ee (oe Population 484 million 7.4L i) + 3 aseptic carton sites locations * 2 pouch/BIBsites + 4 chilled
Slide 59: SIG carton solutions cater to key market needs
SIG carton solutions cater to key market needs with flexible small pack-size options Affordable premium with smart price points (CBee Nutritious drinking yogurt in SIG XSlimBloc 150ml at 15THB/ USDO.45 Fortified kids’ milk in SIG MiniBloc 150ml at VND7,200/ USDO.30 ssa 3 XSlmBioc | ¥SimBiac | SimBio
Slide 60: Category innovation in dairy is driving the market
Category innovation in dairy is driving the market - SIG technology is the innovation enabler Functional & convenient dairy Consumer experience Differentiated packaging 2 Unique filling capabilities, i.e. solution in aseptic carton viscose products and particulates Lactose-freedairy Chunzhen healthy
Slide 61: Video: Nutifood
Video Nutifood SIG Capital Markets Day! Linnich,November2023 61
Slide 62: Sustainability increasingly important as key differentiation factor
Sustainability increasingly gaining importance as key differentiation factor Sustainability & Yili commercially launches yy SIG Terra Alu-free + full barrier yaar " 77% of Chinese consumers believe as it is the brands’ responsibility to have a sustainable strategy * 79th Asian Games Hangzhou 2022 SI
Slide 63: Video: Yili
Video Pili SIG Capital Markets Day! Linnich,November 2023 63
Slide 64: Chilled carton opportunity in Asian metropolitan areas
Chilled carton opportunity in Asian metropolitan areas Beijing 000 22 2Tokyo onal Ssou Milk (AP) Guangzhou »B-7 K N Bangkok 2 ‘ oo°0 e AD’ » Ho-Chi-Minh «Ail Ik AM city ae Milk '- Milk | oye Chilled is a trend in H 32 cities rein Milk _ with ; \? 5M+ people eee ace SIG Chilled portfolio 200-1,750ml
Slide 65: Luckin Coffee foodservice opportunity
yy ( luckin coffee 10, 000+ Number ! Luckin Coffee stores, s overtaking Starbucks as #1 coffee chain brand i : CAGR 2022-2027 according to GlobalData Strengthen system offering with local partnerships for smart dispensing Apply proven SIG 2 el lata esti solution based on Coffee market for Starbucks
Slide 66: Video: Luckin Coffee
luckin coffee SIG Capital Markets Day! Linnich,November 2023 66
Slide 67: Let's talk IMEA
Slide 68: Expanded regional growth with top tier partners
“Expanded regional : growth with top tier |F- for aseptic . partners (9) SIG Capital Markets Day! Linnich, November2023 68
Slide 69: IMEA footprint
• 2 aseptic carton sites2 • 3 pouch/BIB sites
Slide 70: Expanded regional growth with top tier partners
Expanded regional growth with top tier partners . Strong foothold established on o ita2 3,895M 12L/ capita’ . Ambient liquid dairy @ Krattsteinn §— Cumap Population (2022) consumption (2022) +300M by 2028+ 471 / capita in Europe? Pm = ® Affordability } Sustainability Key & Diversified Yd trends ee0
Slide 71: Top tier customers using flexibility to outgrow markets
Top tier customers using flexibility to outgrow markets Product & volume flexibility =] Product & volume flexibility €atsia) EE Prod ct, format & volume cd =— Almarai (KSA) Tchin Lait (Algeria) @ bea ly ye : : ea J dogs Enabler to enter value-added categories. jf Expanded portfolio into food and cul
Slide 72: Growing demand for aseptic in India
Growing demand for aseptic India is an excellent example 221 billionliters Packaging split Total milk consumption split by (Liquid Dairy ) sector 2023 CAGR 2019-2023 5% +21.4% +26.2% W 44.6% \ 2019 2023 Ml Others Il Aseptic Cartons Pasteurized Plastic Pouch Il Organized sector - Other (butter, ghee)
Slide 73: Video: Parlé Agro
Video Parlé Agro SIG Capital Markets Day! Linnich,November 2023 73
Slide 74: Cross selling of expanded portfolio
Cross selling of expanded portfolio ‘Gulfood Manufacturing: the only annual & most influential F&B manufacturing event in the world’ + AlNaseem:First spouted pouch system salesin the region. * One of the largest food companiesin Libya offering ice cream and dairy products such as yogurt and buttermi
Slide 75: Europe
Slide 76: ————-sa eapital Markets Day | Linnich,November 2023
= ‘a ————-sa eapital Markets Day | Linnich,November 2023 76
Slide 77: Established footprint and gaining share in all F&B segments
Established footprint & gaining share in all F&B segments NCSD FOOD DAIRY Non-carbonated soft drinks Broths, soups, tomato products, UHT milk, flavored milk, plant- cream... based drinks, ... SIG sales FAMILY = (Biter) CAGR‘17-'22 o: 2017 2018 2019 2020 2021 2022 (79) $1G CapitalMarketsDay | Linnich
Slide 78: SIG technology serves diversifying consumer needs
SIG technology serves diversifying consumer needs w f= w _ Operational Future-proof Industry leading excellence flexibility sustainability 3+ 5x 100% 4x 100% SIG Slimline Family-size retail brands SIG Midi 12 Share of wallet 12 Aseptic Aseptic (79) SIG CapitalMarketsDay | Linnich, November 2023 78
Slide 79: Sustainability focus founded on consumer trends
Our sustainability focus is founded on consumer trends and materialized as innovative packaging and R&D Consumers care, proven value-add of sustainability Producers and retailers Producers catering to consumer and regulatory demands with strong ambitions 2 bs med condia Deu Wooo Retailers accelerati
Slide 80: Video
Video SIG Capital MarketsDay | Linnich,November 2023 80
Slide 81: Growth potential for new substrates across retail and foodservice
Building on established footprint, growth potential for new substrates across retail and foodservice channels Market opportunities \ Retail growth with pouch &~ * Cater to growing consumer . 9 health trend Choosing SIG BIB aseptic system + Pouch to capture healthy nutrition with focus on kids Soluti
Slide 82: Europe footprint
• 4 aseptic carton sites • 5 pouch/BIB sites
Slide 83: Americas
Slide 84: Americas footprint
• 2 aseptic carton sites • 7 pouch/BIB sites
Slide 85: Key growth opportunities
Slide 86: Significant growth opportunities in North and South America
Slide 87: Next level foodservice opportunity in North America
Slide 88: Video: Coca-Cola and SIG
Slide 89: Leverage SIG's platform flexibility, speed and digital service options
Slide 90: Leveraging knowledge and track record in Brazil to surrounding countries
Slide 91: Local production in North America unlocking new market opportunities
Slide 92: Forward. for better. Financials
Slide 93: SIG financial overview
Slide 94: Robust and resilient portfolio
Slide 95: Strong growth and returns
Slide 96: SIG business model
Slide 97: Attractive business model
Slide 98: Mid-term guidance
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Slide 102: Thank you for joining us today
Slide 103: SIG for better