O-i Glass, Inc. · NYSE:OI
O-i Glass — Deutsche Bank 12th Annual Global Basic Materials Conference 2021
14 slides from O-i Glass's conference presentation, Jun 9, 2021
Slide 1: 2Q21 Capital Markets Presentation
2Q21 CAPITAL MARKETS PRESENTATION JUNE 9, 2021
Slide 2: Safe Harbor Comments
SAFE HARBOR COMMENTS FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking” statements related to O-I Glass, Inc. (the “company”) within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the Securities Act of 1933.
Slide 3: At a Glance
AT A GLANCE 72 factories $6.1 BILLION 25,000+ employees 20 countries in net sales in 2020 worldwide MAGMA revolutionize manufacturing GLASS IS THE MOST and creating new business sustainable rigid packaging option models for glass 2020 PRODUCT PORTFOLIO 6,000+ 34% beer 19% wine 15% spirits 13% NAB 19
Slide 4: Enabling a New Period of Prosperity: 2021 Priorities and 1Q21 Highlights
A DVA N C I N G B O L D P L A N TO C H A N G E B U S I N E S S F U N DA M E N TA L S ENABLING A NEW PERIOD OF PROSPERITY 2021 PRIORITIES 1Q21 HIGHLIGHTS ❶ MARGIN EXPANSION – STRONG OPERATING PERFORMANCE AND COST EFFICIENCIES $50M gross initiative benefits $35M benefits 1Q21, accelerated activity giv
Slide 5: Shipments Stabilize Across All Geographies
SHIPM ENT S STAB ILIZ E ACROSS ALL G EOGRAP HI E S EXPECTED VOLUME GROWTH: ≥ 15% vs 2Q21; 3% – 4% vs FY21 O-I SHIPMENT TRENDS (VS PY) EST. FOOD & BEV CONSUMPTION TRENDS BY CHANNEL 5% 150 Pandemic disruption 125 0% 111 108 103 Consumption Index 100 100 100 -5% 75 -10% O-I and Americas 51 up ~1.5% exc
Slide 6: MAGMA: Revolutionizing Glass
M AG M A : R E VO L U T I O N I Z I N G G L A S S MAGMA reinvents how glass is made, enabling new and more profitable business models • New capacity at lower capital commitment and intensity • Total cost of ownership below legacy • Increased scalability and portability • Enter new markets in a more
Slide 7: Glass: The World's Most Sustainable Package
GLASS: T HE WORLD’S MOST SUSTAIN A B L E PACK AG E SURVEY OF CONSUMER VIEWS ON SUSTAINABILITY OF PACKAGING SUBSTRATES CONSUMERS VIEW GLASS AS HIGHLY SUSTAINABLE In a world where SUSTAINABILITY is more important than ever, we are proud to make an inherently SUSTAINABLE product. • Made from four basic
Slide 8: O-I Sustainability Goals
O-I SUSTAINA B ILIT Y GOALS Increase recycled content to 50% Reduce the amount of natural average by 2030. O-I is taking a resource used and reduce the We are committed to reducing tailored approach to increase generation of waste by reuse our global water usage 25% by recycled content rates across
Slide 9: Reasserting FY21 and 2Q21 Outlook
2021 BUSIN E S S OUT LOOK Outlook on April 29, 2021 FY21 Sales Vol: + 3 to 4% 2Q21 Sales Vol: ≥ 15% REAFFIRMING FY21 and 2Q21 OUTLOOK FY21 aEPS: $1.55 to $1.75 • 2Q21 likely at high-end of aEPS guidance range 2Q21 aEPS: $0.45 to $0.50 • 2Q21 sales vol trending ≥ 15%, consistent with guidance FY21 FC
Slide 10: Conclusion
CONCLUSION Clear priorities for 2021 including MAGMA development Stable demand amid ongoing pandemic Strong operating performance driving improved results 2021 poised to significantly improve from prior year Glass – the world’s most sustainable package 10
Slide 11: Financial Appendix
FINANCIAL APPENDIX
Slide 12: 1Q21 Segment FX Impact on Earnings
1Q21 SEGM E NT FX IMPACT ON EARNING S 12
Slide 13: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEA S UR E S The company uses certain non-GAAP financial measures, which are measures of its historical or future financial performance that are not calculated and presented in accordance with GAAP, within the meaning of applicable SEC rules. Management believes that its presentat
Slide 14: Free Cash Flow Reconciliations
FREE CASH FLOW RECONCILIAT ION S Forecast for Three Months Ended Year Ended Year Ended March 31, March 31, June 30, Sept 30, Dec 31, March 31, June 30, Sept 30, Dec 31, Dec 31, Dec 31, 2021 2020 2020 2020 2020 2019 2019 2019 2019 2020 2019 Dec 31, 2021 Cash provided by (utilized in) operating activi
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