Sig Group Ag · SIX:SIGN
Sig — Investor Day (October 2026)
80 slides from Sig's investor day presentation, Oct 27, 2026
Slide 1: SIG Group AG Capital Markets Day 2026
SIG Group AG Capital Markets Day 2026 October 27, 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: 0 | Q3 update
0 | Q3 update 3
Slide 4: Q3 and 9M 2026 highlights
Q3 and 9M 2026 highlights Resilient growth and operational excellence support stronger 2026 margin outlook Q3 2026 results 9M 2026 results Outlook • Revenue at constant currency up • Revenue at constant currency up Financial guidance updated : by 7.2% or 6.5% 1 by 3.0% or 2.5% 1 • Aseptic carton 9.6
Slide 5: Q3 and 9M 2026 regional summary: Europe and IMEA
Q3 and 9M 2026 regional summary Europe and India, Middle East and Africa Europe • Revenue growth at constant currency and constant Q3 Q3 9M 9M resin 2.8 % in Q3 2026, respectively (1.2%) in 9M 2026 (€ million) 2026 2025 2026 2025 • Solid revenue development in Q3 despite continued market softness (j
Slide 6: Q3 and 9M 2026 regional summary: Asia Pacific and Americas
Q3 and 9M 2026 regional summary Asia Pacific and Americas Asia Pacific • Revenue growth at constant currency and constant Q3 Q3 9M 9M resin 4.7 % in Q3 2026, respectively 3.2% in 9M 2026 (€ million) 2026 2025 2026 2025 • Growth driven by share gains, expansion in new channels such as school milk and
Slide 7: Adjusted EBIT bridge
Adjusted EBIT bridge €7 €1 €391 € millions (€25) €24 €347 €51 (€13) €334 €61 €286 12.2% 14.8% 14.2% 16.3% Adjusted Non -recurring Adjusted FX Adjusted Top line Sourcing Production SG&A Other Adjusted EBIT 24.6% charges EBIT excl. 24.0% EBIT excl. 24.2% EBIT 22.1% 9M 2025 12.8% 12.8% non -recurring 2
Slide 8: Adjusted EBIT reconciliation
Adjusted EBIT reconciliation 9M ended Sep 30, 2025 9M ended (excl. non - Non -recurring 9M ended € million 1 Sep 30, 2026 recurring) charges Sep 30, 2025 Profit for the period 224 138 (269) (131) Net finance expense 92 93 - 93 Income tax expense 57 47 (51) (4) EBIT 373 278 (320) (42) Adjustments to
Slide 9: Net income reconciliation
Net income reconciliation 9M ended Sep 30, 2025 9M ended (excl -non - Non -recurring 9M ended € million 1 Sep 30, 2026 recurring) charges Sep 30, 2025 Profit / (loss) for the period 224 138 (269) (131) Non -cash foreign exchange impact of non -functional currency - (1) - (1) loans and realized forei
Slide 10: Free cash flow and Capital expenditure
Free cash flow and Capital expenditure (incl. lease payments) 9M ended 9M ended € million 1 Sep 30, 2026 Sep 30, 2025 Main building blocks of higher FCF: • Stronger operational performance Net cash from operating activities 288 157 • Lower customer incentive payments Acquisition of property, plant a
Slide 11: Leverage improved
Leverage improved • Issuance of 5 year €500m bonds € million 1 Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 completed in April, coupon 4.0% Gross debt 2,396 2,687 2,498 Bonds used to repay €527 million of unsecured SSD Cash (324) (276) (354) • Renewed USD 270 million term loan in July extends maturity to
Slide 12: Guidance 2026 updated
Guidance 2026 updated Previous New Revenue growth (constant currency and 0 -2% Guidance subject to: constant resin) • Input cost • FX volatility Adjusted EBIT margin 15.7 -16.2% 16.0 -16.5% Adjusted effective tax rate 26 -28% Net CAPEX incl. leases 6 -8% (% revenue) Dividend payout ratio (of adjuste
Slide 13: Capital Markets Day 2026 – Agenda for today
Capital Markets Day 2026 – Agenda for today 01 02 03 04 05 Vision & strategic Aseptic carton: Aseptic carton regional deep dives Global Outlook on path Markets and the SIG Bag -in-box & performance competitive Spouted pouch improvements and advantages financial guidance Christoph Wegener, Christoph
Slide 14: 1 | Vision & strategic path
1 | Vision & strategic path 14
Slide 15: Aseptic system solution provider
Aseptic system solution provider SIG at a glance Filling machines Industry -leading TCO Innovations for unmatched flexibility, lowest waste and aluminum -foil free ready designs Packaging solutions Unique formats, enabling differentiated product strategies Leading on sustainability, incl. al
Slide 16: Attractive financial profile with differentiated offering
Attractive financial profile with differentiated offering Attractive financial fundamentals… …supported by differentiated SIG position 2 -3% 9 Attractive market Projected future market volume Most flexible growth Different carton sizes on growth, historically outperforming machines one machine broad
Slide 17: We are delivering on our commitments from last year
We are delivering on our commitments from last year 1 Portfolio 2 Performance 3 Rigorous optimization improvement capital discipline • Improved share of high value - • 1.5pp. improvement in margin • Governance in capital allocation added products across the YTD, with SG&A reductions linked processes
Slide 18: We're stepping up our ambitions…
We’re stepping up our ambitions… … confirming 3 -5% growth corridor , continuing to outperform the market …elevating our performance and margin aspiration …prioritizing consistently through organizational clarity 18
Slide 19: Strategy framework and vision: Be the N°1 choice in aseptic system solutions
Split substrates for differentiated Continued procurement efforts management ze e pe incl. direct procurement step -up ur r stru imi El rmance Lean BIB&SP organization Efficiencies in manufacturing and ev fo ct Opt Re -assessing internal structures, supply chain ate driving efficiency while keeping
Slide 20: Optimize structure: Aligning financial reporting with the new organization
Optimize structure: Aligning financial reporting with the new organization Aseptic carton Bag -in-box & spouted pouch Other, incl. chilled carton Continued market outperformance through Profitability decline as market slowed down Improvements are yielding initial results, the cycle with divestment p
Slide 21: Management and Board compensation align with shareholder interests
Management and Board compensation align with shareholder interests Variable Variable compensation compensation schemes updated 2025 data at target compensation structure 1 Long -term incentive in performance share units (3 -year) Equity 50% 3 -year TSR versus defined peer group 40% Variable 25% 3 -y
Slide 22: Highlights: Our plan underpins what you will hear today
Highlights: Our plan underpins what you will hear today Aseptic carton: Aseptic carton Bag -in-box & Outlook on Markets and our regional deep dives spouted pouch performance competitive improvements and advantage financial guidance Global growth plan Regional plans, incl. Turnaround plan, Proof poin
Slide 23: 2 | Aseptic carton markets and the SIG competitive advantage
2 | Aseptic carton markets and the SIG competitive advantage 23
Slide 24: Fundamental market trends drive continued growth for aseptic carton packaging
Fundamental market trends drive continued growth for aseptic carton packaging End -market trends Packaging trends Growth of dairy Amplified by Growth of cost - Regulatory and public demand , driven by “worldwide protein efficient single -serve focus on sustainability, population and GDP wave” shifti
Slide 25: Dairy and protein consumption are fundamentally correlated to economic development
Dairy and protein consumption are fundamentally correlated to economic development Economic growth drives protein consumption Key aseptic carton trends 2000 - 2025 Milk protein (g/day) 30 End point Starting point Europe New urbanizing emerging markets middle classes, driving shift towards Brazil pac
Slide 26: Carton is the most competitive substrate for dairy drinks in aseptic portion packs
Carton is the most competitive substrate for dairy drinks in aseptic portion packs Aseptic carton outperforming PET across several dimensions for value -added dairy lighter on total 40+% weight vs lower ~30 -50% packaging SIG Terra cost 2 DomeMini PET 1 250 ml 250 ml less emissions 13g 21g 35+ % per
Slide 27: SIG has outgrown the aseptic carton market in every macro cycle since 2016
SIG has outgrown the aseptic carton market in every macro cycle since 2016 Volume growth (CAGR) SIG growth formula Structural Covid, inflation Return to growth crisis, subdued structural Volume & service consumer sentiment growth Value ~4% uplift ~3% Core Market White Service through market share ~2
Slide 28: We expect to outperform the market by constantly innovating our differentiated system offering
We expect to outperform the market by constantly innovating our differentiated system offering … 1 2 3 Sleeves: SIG Terra and SIG Fillers: SIG Neo equipment Service DomeMini packaging solutions • Highest output per m 2 • Leading with low CO 2 aluminum - • Broad service footprint • Unmatched flexibil
Slide 29: A customer-centric approach to joint value-creation
… and a customer -centric approach to joint value -creation Joint innovation End -to -end product workshops Idea Product development • 344 customer innovation generation development • Three global test fill centers workshops worldwide YTD • >30 joint NPD projects globally YTD • Partner ecosystem alo
Slide 30: We are progressing on our innovation commitments
We are progressing on our innovation commitments Category 2023 2024 2025 2026 2027 2028 2029 2030 SIG Neo platform rollout Speed -up kits Multi -serve SIG Neo expansion Single -serve SIG Neo expansion (+10% output with speed -up kits Aseptic carton fillers increase) (+25% output increase) (+33% outp
Slide 31: Platform Upgrade & Unification: 5 best-of-breed platforms
Platform Upgrade & Unification: Strengthening our offering with 5 best -of -breed platforms Reduced complexity to unlock cost reduction and Benefits future development potential Reduced effort in support, training, 10 5 and updates Cost reduction through increased economies of scale in procurement …
Slide 32: SIG DigitalOne: Scaling our digital platform
SIG DigitalOne: Scaling our digital platform to deliver our existing and new digital services for customers SIG DigitalOne • Tangible benefits for customers, incl. TCO reductions, efficiency gains, food safety and enabled traceability Quality & Predictive Filling line OEE Food safety maintenance opt
Slide 33: A balanced and disciplined approach to innovation
We have a balanced and disciplined approach to innovation to maintain our edge Discover Develop Deploy • Anticipate customer, market & • Translate insights into solutions • Industrialize and commercialize technology shifts • Design for performance, cost & with speed • Explore breakthrough technologi
Slide 34: In summary ...
In summary ... System strength & Business growth innovation • Return to 2 -3% market growth • Differentiated system continues to win • Regional growth opportunities prioritized • Innovation roadmap on track to preserve lead • Expanding and gaining market share in core • Platform Upgrade & Unificatio
Slide 35: Agenda: Vision & strategic path
01 02 03 04 05 Vision & strategic Aseptic carton: Aseptic carton regional deep dives Global Outlook on path Markets and our Bag -in-box & performance Spouted pouch competitive improvements and advantage financial guidance Global growth plan Regional plans, incl. prioritized Turnaround plan, Proof po
Slide 36: 3 | Aseptic Carton Regional deep dives
3 | Aseptic Carton Regional deep dives 36
Slide 37: We have prioritized regional growth opportunities
We have prioritized r egional growth opportunities to continue to drive market outperformance Lead sustainability transition in Europe Lead in sustainable Win asset renewal s Enter value -added packaging adjacencies Europe Penetrate IMEA Grow in core & Extend lead in TCO Explore new selected frontie
Slide 38: 3.1 | Europe
3.1 | Europe 38
Slide 39: Europe: our lead market for sustainable innovations
Europe: our lead market for sustainable innovations ~3,000 ~430 €933M +6 % Filling machines 2025 aseptic carton 2021 -2025 CAGR @ Employees installed base revenue constant currency Regional market c haracteristics Regional footprint Revenue breakdown 6 Production % Tightening Rewards lighter, simple
Slide 40: Europe Ambition
Ambition Main growth drivers in the region and proof points Leader in sustainable, Enabler of growth Partner of choice in asset aseptic carton packaging in value -added and food renewals, leveraging TCO, without aluminum foil applications, incl. tomato industry -leading flexibility as the only suppl
Slide 41: SIG Terra Alu-free Full barrier grew by 25%
SIG Terra Alu -free F ull barrier: Our latest innovation grew by 25 % in the first half of 2026 Alu -free products are unlocking new categories… … while satisfying regulatory and ESG commitments SIG Terra Alu -free + Full barrier Satisfying sustainability targets for CPGs 2026 and retailers with AFF
Slide 42: Food and value-added dairy: Our fastest growing segments
Food and value -added dairy: Our fastest growing segments benefit from our unique technology Aseptic carton is growing from dairy to food Customer wins and value -added dairy… NEW customer in food Tomato frito category historically dominated by competition Small size Invested into SIG Small 12 A
Slide 43: 3.2 | IMEA
3.2 | IMEA 43
Slide 44: IMEA: our fastest-growing market
IMEA: our fastest -growing market ~800 ~320 €414M 9% Filling machines 2025 aseptic carton 2021 -2025 CAGR @ Employees installed base revenue constant currency Regional market characteristics Regional footprint Revenue breakdown % Population Driving fast market growth, especially in Sub -Saharan Afri
Slide 45: IMEA Ambition
Ambition Main growth drivers in the region and proof points Grow with the market, Technology pioneer in Partnering to ensure food benefiting from favorable Middle East, bringing the safety in the UAE, replacing macroeconomic tailwinds Neo machines as tools to imports and converting to expand in the
Slide 46: Core market growth: IMEA's demographic and economic growth
Core market growth: IMEA’s demographic and economic growth expands the addressable market IMEA is the youngest region… … with favorable GDP growth creating opportunities Median age, in years IMEA 26 ~5% Expected real GDP growth, 2026 -2031 Market growth in Middle Opening new markets East and India i
Slide 47: SIG Neo development: Middle East customers
SIG Neo development: Middle East customers are trusting SIG with deploying our new technology Global launch customer for SIG Neo Slimline 15 Aseptic Won customer through 25% increase in output within existing floor footprint 2 nd line already committed First field test agreement for SIG Neo XSli
Slide 48: 3.3 | APAC
3.3 | APAC 48
Slide 49: APAC: Large market returning to growth
APAC: Large market returning to growth ~2,300 ~440 €715M +2% Filling machines 2025 aseptic carton 2021 -2025 CAGR @ Employees installed base revenue constant currency Regional market c haracteristics Regional footprint Revenue breakdown % Health -focused Functional -led innovation driven by growth o
Slide 50: APAC Ambition
Ambition Main growth drivers in the region and proof points Win with package Flexibility of SIG’s platform Geographical expansion in differentiation, a distinctive enables customers to drive SEA markets like Philippines shape creates strong shelf multiple opportunities through and Cambodia, with sig
Slide 51: SIG DomeMini: Our premium format for functional nutrition
SIG DomeMini : Our premium format for new functional nutrition applications Ambient liquid dairy launch case… … scaling into opportunities in functional F&B Our bottle -shaped design enhances shelf differentiation and helps • Vietnam : SIG launched high -calcium (40+) and Yili to start the new era o
Slide 52: One platform: multiple sizes, more opportunities
One platform: multiple sizes, more opportunities SIG XSlimBloc SIG MiniBloc ≤125ml 165 -170ml 180ml 200ml ≤125ml 140 -150 ml 180 -200ml SIG SlimlineBloc 750ml 1,000 ml • Flexibility empowers SIG customers to drive NPDs on a single platform across different pack sizes • More than 100 new SKUs launche
Slide 53: 3.4 | Americas
3.4 | Americas 53
Slide 54: Americas: New capacity is unlocking more growth
Americas: New capacity is unlocking more growth ~1,300 ~180 €513M +8% Filling machines 2025 aseptic carton 2021 -2025 CAGR @ Employees installed base revenue constant currency Regional market c haracteristics Regional footprint Revenue breakdown % Americas: large Resilient staple categories (e.g., d
Slide 55: Americas Ambition
Ambition Main growth drivers in the region and proof points Expand and consolidate Grow in Brazil in core Grow Mexico and win high - PACCE 1 markets by partnering categories, expanding with key value niches in North America, with national leaders and players in liquid dairy through growing in liquid
Slide 56: Mexico site: Capacity expansion unlocking share gains
Mexico site: Capacity expansion unlocking share gains Localization of supply unlocked new customers… … so we grew output 5x, to be doubled again by 2028 5pp. Share gain in Mexico since 2023, from 17% to 22%+ in 2026, on a broadly flat market Continued expansion expected, with substantially above m
Slide 57: Key customers: Partnering with Nestlé to scale regionally
Key customers: Partnering with Nestlé to scale regionally A partnership built over time – from first line to partner of choice 2011 First SIG carton lines in Mexico 2021 -2022 SIG MidiBloc for Carnation evaporated Innovation in formats, recycling milk and SIG MiniBloc portion packs for and productiv
Slide 58: Digital Services: Leveraging our expertise beyond the filling line
Digital Services: Leveraging our expertise beyond the filling line Americas pioneered digital solutions to extend our value proposition beyond the filling line The facts behind it Set of modular solutions based on the platform • Enhancing operational performance and quality, approached end -to -end
Slide 59: Agenda: Vision & strategic path
01 02 03 04 05 Vision & strategic Aseptic carton: Aseptic carton regional deep dives Global Outlook on path Markets and our Bag -in-box & performance Spouted pouch competitive improvements and advantage financial guidance Global growth plan Regional plans, incl. prioritized Turnaround plan, Proof po
Slide 60: 4 | Global Bag-in-box & Spouted pouch
4 | Global Bag -in-box & Spouted pouch 60
Slide 61: Bag-in-Box & Spouted Pouch: Intrinsically attractive business
Bag -in-Box & Spouted Pouch: Intrinsically attractive business with potential not yet realized ~2,200 1 €551M -1% 2022 -2025 CAGR @ Employees Revenue 2025 constant currency 1 Majority of which are blue -collar employees Revenue breakdown, % Bag -in-Box market characteristics Spouted Pouch market cha
Slide 62: Strategic positioning: Market leader in fast-growing markets
Strategic positioning: Market leader in fast -growing markets Bag -in-Box Spouted Pouch 2025 split 2025 split Retail Foodservice Industrial Foodservice 0% 9% 1% Market Forecasts 3% 46% 5% CAGR 2026 -2031 46% CAGR 2026 -2031 99% Industrial Retail • QSR growth, incl. in emerging markets • Health lifes
Slide 63: Turnaround plan and dedicated team in place
Turnaround plan and dedicated team in place to return to value creation Key financials Adjusted A plan and a dedicated EBIT, % 12% 6% 8 -10% team to execute it are Pro -forma adj. EBIT already in place 12% 8% 10 -12% excl. corporate allocations, % 604 551 Customer excitement, Revenue, performance el
Slide 64: Turnaround plan: Dedicated management team to drive EBIT margin
Turnaround plan: Dedicated management team to drive mid -term ambition to raise EBIT margin to 8 -10% Adj. EBIT margin 1 Scaling our Market Leveraging innovative solutions outperformance dedicated global FY25 ~6% Excite our incl. our aseptic through focus on team to capture customers spouted pouch f
Slide 65: Growth: Well positioned to win in high-growth pockets
Growth: Well positioned to win in high -growth pockets Bag -in-Box – Dairy food service Spouted pouch – Aseptic pouch Market 4 -5% CAGR global food service market High single digit CAGR aseptic spouted opportunity pouch market and forecas ts Format positioned to enable clean label, 8% CAGR e
Slide 66: Performance and structure: Focus on improving profitability
Performance and structure: Focus on improving profitability through simplification Performance – simplified and optimized network Structure – lean team sharing back -office President Commercial Functional Shared resources Manufacturing & Sustainability & Finance Americas Supply Chain Comms. Producti
Slide 67: In summary ...
In summary ... Positioned for revenue growth in Focused on restoring profitability Bag -in-Box and Spouted Pouch • N °1 and N °2 player in Bag -in-Box and • Dedicated team to drive turnaround Spouted Pouch, exposed to Food Service following recent margin decline and Aseptic growth pockets respective
Slide 68: Agenda: Vision & strategic path
01 02 03 04 05 Vision & strategic Aseptic carton: Aseptic carton regional deep dives Global Outlook on path Markets and our Bag -in-box & performance Spouted pouch competitive improvements and advantage financial guidance Global growth plan Regional plans, incl. prioritized Turnaround plan, Proof po
Slide 69: 5 | Outlook on performance improvements & financial guidance
5 | Outlook on performance improvements & financial guidance 69
Slide 70: Driving shareholder value through growth, efficiency and simplification
Driving shareholder value through growth, efficiency improvements and simplification Excite our customers Elevate performance Optimize structure • Outperforming in attractive • Driving procurement • Transparent substrates Aseptic Carton market efficiencies reporting • Accelerating growth in • Reduci
Slide 71: Growth and mix contributing with attractive drop-through ratios
Growth and mix contributing with attractive drop - through ratios Revenue bridge +3 -5% CAGR ~ 30 % drop -through ratio , translating top line directly into EBIT FY26 Market Market White spaces Services Value uplift Mid -term revenue growth share gains Revenue 71
Slide 72: Performance improvement & structure optimization
Performance improvement & structure optimization: Additional potential on top of 2025/2026 savings Progress up to today SG&A and R&D Procurement Manufacturing cost reduction optimization excellence Drive process automation Optimize indirect spending Improve conversion costs via clear category owners
Slide 73: >18% EBIT margin potential from operating leverage
> 18% EBIT margin potential from operating leverage and performance improvements EBIT margin bridge, in % of sales >18% 16.0 -16.5% Driving margin improvements across all substrates FY26 Growth and Performance Mid -term Adjusted EBIT Margin Mix improvement & Adjusted EBIT Margin structure optimizati
Slide 74: Clear and disciplined capital allocation framework
Clear and disciplined capital allocation framework 01 Focus on Capex for earnings -accretive growth Committed to strong balance sheet and prioritizing 02 deleveraging near -term Shareholder friendly capital policy with commitment 03 to attractive and growing shareholder returns 74
Slide 75: Increased guidance for 2026
Increased guidance for 2026 Previous New Revenue growth Guidance subject (constant currency and constant resin) 0 -2% to: • Input cost Adjusted EBIT • FX volatility margin 15.7 -16.2% 16.0 -16.5% Adjusted effective tax rate 26 -28 % Net Capex incl. leases 6 -8 % (% revenue) Dividend payout ratio (of
Slide 76: We are committed to attractive shareholder returns
We are committed to attractive shareholder returns Dividend policy: Proposing to re -instate 30 -50% Attractive and sustainable Payout ratio 1 dividend payments with the dividend from 2027 expected regular increases (for 2026) onwards 1) Payout ratio applied to previous year’s adjusted net income 76
Slide 77: Financial mid-term guidance
Financial mid -term guidance Creating sustainable Previous mid -term guidance New mid -term guidance shareholder value Revenue growth 1 3 -5% Resilient revenue growth Organic growth – at constant currency Adjusted EBIT Aseptic Carton: >16.5 % >1 8 % >20% Margin expansion Margin 2 Net Capex 6 -8% Con
Slide 78: In Summary:
In Summary: Multiple Attractive Robust return growth drivers margin profile profile • Secular consumer • Focused • Rigorous capital trends investments allocation • Differentiated • Performance • Reporting by offering improvement substrate • Regional growth • Innovation premium • Low working opportun
Slide 79: Q&A
6 | Q&A 79
Slide 80: GIG)
GIG) for better et