Sig Group Ag · SIX:SIGN
Sig — H1 2026 Earnings Presentation
20 slides from Sig's earnings presentation, Jul 28, 2026
Slide 1: H1 2026 results
H1 2026 results SIG Group Mikko Keto, CEO | Anne Erkens, CFO July 28, 2026
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 p
Slide 3: Business highlights
Business highlights Mikko Keto, CEO July 28, 2026 | H1 2026 results 3
Slide 4: H1 2026 highlights
H1 2026 highlights Strong execution drives solid financial performance H1 2026 results Strategy Outlook • Revenue at constant currency • Surcharges could offset higher • Financial guidance confirmed up by 0.8% or 0.4% 1 input costs to large extent • Situation in the Middle East • Aseptic carton +1.6
Slide 5: H1 2026 financial summary
H1 2026 financial summary Revenue €1’579 €1’560 Adjusted EBIT (margin) Adjusted net income and EPS (millions) (millions, % of revenue) (millions, earnings per share EUR) 14.8% 15.6% 0.36 0.35 €233 €244 Growth (%) 6M 2025 6M 2026 €136 €133 Reported 0.3% (1.2%) Constant currency (CC) 2.6% 0.8% 6M 2025
Slide 6: Q2 2026 financial summary
Q2 2026 financial summary Revenue €833 €845 Adjusted EBIT Adjusted net income (millions) (millions, % of revenue) (millions, earnings per share EUR) 16.5% 17.5% €92 €85 €138 €148 Growth (%) Q2 2025 Q2 2026 Reported (2.3)% 1.5% Constant currency (CC) 1.6% 1.5% Q2 2025 Q2 2026 CC and constant resin 1.
Slide 7: Europe
Europe Revenue below PY with some sequential improvement vs Q1 – higher profitability • H1 revenue growth at constant currency and Revenue Adjusted Adjusted constant resin (3.1)% (€ million) Revenue Growth 1 EBIT EBIT margin • Volume development affected by the continued 2026 H1 498 (3.1%) 124 24.9%
Slide 8: India, Middle East and Africa
India, Middle East and Africa Resilient performance despite geopolitical conflicts • H1 revenue growth at constant currency and Revenue Adjusted Adjusted constant resin 0.3% (€ million) Revenue Growth 1 EBIT EBIT margin • High inflation on raw materials and logistics, 2026 H1 217 0.3% 38 17.7% mostl
Slide 9: Asia Pacific
Asia Pacific H1 growth driven by Aseptic Carton, while BIB/SP and Chilled Carton declined • H1 revenue growth at constant currency and (€ million) Revenue Revenue Adjusted Adjusted constant resin 2.4% Growth 1 EBIT EBIT margin • Decline in Q2 primarily driven by weaker Chilled 2026 H1 412 2.3% 53 13
Slide 10: Americas
Americas Strong growth across the region • H1 revenue growth at constant currency and Revenue Adjusted Adjusted constant resin 2.9% (€ million) Revenue Growth 1 EBIT EBIT margin • Broad -based Aseptic Carton growth in Q2, 2026 H1 433 4.4% 58 13.5% supported by resilient refresher demand in the 2025
Slide 11: Financial highlights
Financial highlights Anne Erkens, CFO July 28, 2026 | H1 2026 results 11
Slide 12: Adjusted EBIT bridge
Adjusted EBIT bridge Strategic reset delivered margin benefits in H1 € millions (€3) €244 €12 €15 €233 (€10) €8 (€11) €222 14.8% 14.3% 15.6% 24.6% 24.0% 24.2% 22.1% 12.8% Adjusted 12.8% FX21.4% 22.3% Adjusted 21.2% Top Line Sourcing Production SG&A 22.4%Other 22.4% 13.4% Adjusted 13.4% EBIT EBIT exc
Slide 13: Adjusted EBIT reconciliation
Adjusted EBIT reconciliation Six months Six months ended ended June June € million 1 30, 2026 30, 2025 • Profit positively impacted by Profit for the period 134 91 hedging benefits and cessation Net finance expense 56 57 of ONEX PPA Income tax expense 51 32 • Higher tax expense driven by EBIT 241 17
Slide 14: Net income reconciliation
Net income reconciliation Six months Six months ended ended June June € million 1 30, 2026 30, 2025 Profit / (loss) for the period 134 91 Non -cash foreign exchange impact of non -functional currency (3) (4) loans and realized foreign exchange impact due to refinancing Amortization of transaction co
Slide 15: Capital expenditure and lease payments
Capital expenditure and lease payments Six months Six months ended ended PP&E and intangible assets includes: June June € million 1 30, 2026 30, 2025 • Lower capital expenditure following PP&E and intangible assets 33 50 the completion of the construction of the plant in India Filling lines and othe
Slide 16: Free cash flow
Free cash flow Six months Six months 12 months ended ended ended June June Dec € million 1 30, 2026 30, 2025 31, 2025 Key building blocks of higher cash from Net cash from operating activities 1 20 26 514 operating activities: • Lower customer incentive payments Acquisition of property, plant and •
Slide 17: Leverage reflects business seasonality
Leverage reflects business seasonality • Issuance of 5 year €500m bonds Jun 30, Jun 30, Dec 31, completed in April, coupon 4.0%. € million 1 2026 2025 2025 Bonds used to repay €527 million of Gross debt 2,460 2,699 2,498 unsecured SSD • Replacement of USD 270 million Cash (288) (240) (354) term loan
Slide 18: Outlook
Outlook Mikko Keto, CEO July 28, 2026 | H1 2026 results 18
Slide 19: Guidance 2026 confirmed
Guidance 2026 confirmed Solid performance in H1 supports FY guidance Revenue growth (constant currency and constant resin) 0 -2% • Guidance subject to: • Input cost Adjusted EBIT • FX volatility margin 15.7 -16.2% • Situation in the Middle East remains dynamic Adjusted effective with elevated and ta
Slide 20: SIG Capital Markets Day 2026
SIG Capital Markets Day 2026 SIG Capital Markets Day on October 27, 2026 at The Circle Convention Center at Zurich Airport July 28, 2026 | H1 2026 results 20