Silgan Holdings Inc. · NYSE:SLGN

Silgan — Q3 2026 Earnings Presentation

41 slides from Silgan's earnings presentation, Oct 29, 2026

1. Slide 1: Accelerating Portfolio Evolution

   Silgan Holdings Inc. Accelerating Portfolio Evolution October 19, 2026 ©2026 Silgan Holdings. All Rights Reserved.

2. Slide 2: Presentation Notes

   JY sian »> PRESENTATION NOTES This presentation, and the statements made during the course of this presentation, are not intended to and do not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities. Statements

3. Slide 3: Non-GAAP Financial Measures

   y NON-GAAP FINANCIAL MEASURES Ysican Generally accepted accounting principles in the United States are commonly referred to as GAAP. A non-GAAP financial measure is generally defined as a financial measure that purports to measure financial performance, financial position or liquidity but excludes o

4. Slide 4: Silgan's Unique Business Model

   Silgan’s Unique Business Model Ysicen © Build and enhance Deploy strong Earnings growth business positions Free Cash Flow and value creation Sustainable Y Growth through Vv Top tier competitive targeted earnings growth advantage acquisitions in Packaging Supply best value Y Other cash sector in indu

5. Slide 5: Capital Allocation to Create Shareholder Value

   Capital Allocation to Create Shareholder Value Ysicen Multiple Levers for Growth and Returns Current Portfolio Adj. EBITDA Silgan Capital Allocation Net Sales! Adj. EBITDA‘ Margin‘ Since Founding* Dispensing and Specialty $2.7B $570M 21% Closures Capital . ares Return? Capital Custom i 626M 122M 20%

6. Slide 6: Strategic Announcement to Accelerate Value Creation

   Strategic Announcement to Accelerate Value Creation JYesican Silgan is contributing its Metal Containers and Food and Beverage Flat Cap Closures businesses into a newly formed metal packaging business (“Silgan Metal Containers and Closures” or “Silgan MCC”), which will acquire Trivium Packaging (“Tr

7. Slide 7: Strategic Rationale

   Strategic Rationale JY sican Combination of our metal packaging business and Trivium creates a best-in-class global Why we platform, provides for $225M of expected synergies, and establishes a clear path to separation are Pursuing This At the same time, our funding approach will increase flexibility

8. Slide 8: Transaction Summary

   Transaction Summary JYesican Formation of Silgan MCC Acquisition of Trivium Pro Forma Silgan MCC Capitalization Silgan MCC Management and Governance Approvals and Timing + Assuming expected synergies of $225M by year 3 sigan Holdings. All Rights Reserved Note: Net leverage represents estimated PF fi

9. Slide 9: Proposed Transaction Financing Structure

   Proposed Transaction Financing Structure Ysicen ©2026 Silgan Holdings. All Rights Reserved Silgan MCC Sources and Uses @ontion) Sources of Funds New Silgan MCC Debt $4.9 “4s Silgan Equity Roll . ilgan Equity Rollover l 1.5 1 60/40 common equity AIP Cash Equity \lo/ ownership split Total Sources $7.4

10. Slide 10: Unlocking Benefits of a Partnership

    Unlocking Benefits of a Partnership Ysicen Silgan to realize significant value today, while retaining future upside without further investment Silgan maintains control to capture upside while reducing execution risk Preserves flexibility for both future cash distributions and portfolio actions Combi

11. Slide 11: Significant Synergy Opportunity

    Significant Synergy Opportunity Silgan’s Proven Synergy Track Record Value Creation through Synergies Synergies Recent Acquisitions Exceeded Target? Trivium Acquisition Multiple WPW v 7.1x @iateway v (40) Gisea -_ v = WestRock - ; Dispensing and v Pre-synergy multiple Post-synergy multiple Specialty

12. Slide 12: Creating Value and Strategic Flexibility

    Creating Value and Strategic Flexibility Ysicen ©2026 Siigan Holdings. All Rights Reserved as Operating Cash How — CapEx; accretion excludes one-time costs to achieve synergies | Note: Adj. EBITDA includes corporate costs; Refer to slide 34 for calculation of Adj. EBITDA Pro Forma Total Silgan Futur

13. Slide 13: Differentiated Businesses Positioned to Excel

    Differentiated Businesses Positioned to Excel JYesican Silgan MCC $7.3B $1.2B1 Net Sales Adj. EBITDA 16%1 ~4.0x1 Adj. EBITDA Margin PF Net Leverage Key Products s4% es $2.5B $555M Net Sales Adj. EBITDA 22% ~1.8x Adj. EBITDA Margin PF Net Leverage Key Products Food Cans Food and Beverage Aerosols Fla

14. Slide 14: Silgan MCC

    Silgan MCC A large-scale global business in metal packaging ©2026 Silgan Holdings. All Rights Reserved.

15. Slide 15: Silgan MCC Business Overview

    Silgan MCC Business Overview Ysicen 26 Silgan Holdings. All Rights Reserved ‘amounts; Trivium Aerosols represent Global Aerosols segment; Refer to sli Existing Silgan Metal Containers and Closures Businesses UG Tet Supplier of metal containers Supplier of metal containers, aerosol and flat cap metal

16. Slide 16: Hand-in-Glove Fit

    Hand-in-Glove Fit JYesican Select Offering (Geography) Gsican -- TRIVIUM = Silgan MCC ot ) @ Pet and Human Food Cans (N. America) ees @ Pet and Human Food Cans (EMEA) Metal and Plastic Closures (Global) 33 Aerosols (Global) all Aluminum Beverage Bottles (Global) e@ Current Silgan Offering e@ Current

17. Slide 17: Silgan MCC at-a-Glance

    Silgan MCC at-a-Glance Jesucan Key Figures $7.3B $1.2B1 16%! 12K+ 100+ Net Sales Adj. EBITDA Adj. EBITDA Margin Employees Plants Core Products a as we d= a Pet and Aluminum and Aluminum Food and Beverage Human Food Cans Steel Aerosol Cans Beverage Bottles Flat Cap Closures LTM Net Sales By Geography

18. Slide 18: Global Presence to Support Customers and Consumers

    Global Presence to Support Customers and Consumers Ysicen LTM Net Sales by Geography Extensive Manufacturing Base RoW 4% \ massage fH Europe 36% 100+ 12K+ 27B+ 30B+ Plants Employees Cans Closures Yesican Metal Containers and Food | _ and Beverage Flat Cap Closures @Silgan @ Trivium 24 Americas Can P

19. Slide 19: Silgan MCC Priorities

    Silgan MCC Priorities JY sican Execute on the Synergy Opportunity Capture cost and productivity benefits of the combined platform Build the Best-in-class Global Platform Leverage strengths of the two businesses to advance innovation and commercial and operational excellence Capitalize on Growth Mark

20. Slide 20: Silgan Dispensing Solutions

    Silgan Dispensing Solutions A focused, high-value specialty packaging company ©2026 Silgan Holdings. All Rights Reserved.

21. Slide 21: Silgan Dispensing Solutions at-a-Glance

    Silgan Dispensing Solutions at-a-Glance Ysicen Key Figures $2.5B $555M 22% 11K+ 66 Net Sales Adj. EBITDA Adj. EBITDA Margin Employees Plants Core Products " ~ £F - n - Sh i nv) J es Fragrance and Beauty Healthcare/ Dispensing Trigger Plastic Dispensers Drug Delivery Pumps Sprayers Containers LTM Net

22. Slide 22: A Platform Poised for Growth

    A Platform Poised for Growth Ysicen Focus on Dispensing Solutions Driving Results . Differentiated Dispensing Significant Investment in Dispensing Solutions... Solutions platform ariving $5,000 Green Mbairuy wew $2,000 2 organic growth an B $4,000 DSP race) ME s1500 3 continued wins with 3 g 43,000

23. Slide 23: Robust Organic Growth Opportunities

    Robust Organic Growth Opportunities Ysicen Fragrance, Beauty Home Care and Beal nea and Baris and Personal Care Lawn and Garden es 1 a fh j : oe a Market High-Single-Digit Mid-Single-Digit Low-Single-Digit Potential Select Rising healthcare spend, Product innovation Durability, DIY, Growth expanding

24. Slide 24: Positioned to Accelerate Capital Deployment

    Positioned to Accelerate Capital Deployment Y susan Proven Capital Allocator Enhanced Financial Flexibility + Core competency in M&A 3.4 - Disciplined, returns-based approach * + Deep, proprietary relationships (51.8% > + Proven approach to talent retention and investment Silgan 12/31/2025 Pro Forma

25. Slide 25: Silgan Dispensing Solutions Priorities

    Silgan Dispensing Solutions Priorities Ysicen Accelerate Organic Growth Capture favorable long-term trends across high-value markets Strengthen Differentiated Capabilities Continue investing in innovation, product development, technical talent, and manufacturing excellence Expand Customer Partnershi

26. Slide 26: Closing

    Closing One clear path forward, two differentiated businesses ©2026 Silgan Holdings. All Rights Reserved.

27. Slide 27: Enhancing Silgan's Unique Business Model

    Enhancing Silgan’s Unique Business Model JYesican Build and enhance business positions v Sustainable competitive advantage Supply best value in industry by focusing on unique needs of customers ©2026 Silgan Holdings. All Rights Reserved Deploy strong Free Cash Flow ¥ Growth through targeted acquisit

28. Slide 28: Summary

    JYesican Summary + Combining Silgan Metal Containers segment and Food and Beverage Flat Cap Closures Announcement business with Trivium, via 60%-owned partnership, enabling meaningful synergies Overview + Positioning Silgan Dispensing Solutions for priority growth and investment opportunities + Form

29. Slide 29: Appendix A: Additional Detail

    Appendix A: Additional Detail ©2026 Silgan Holdings. All Rights Reserved.

30. Slide 30: Select Transaction Details

    Appendix JYesican Select Transaction Details I Pre-synergy EV/Adj. EBITDA Multiple Post-synergy EV/Adj. EBITDA Multiple Median Purchase Price Multiple Reduction via Synergies: ~2x 1.9x 2.4x 1.3x 11.7% 23x a 10.0x 10.5x tix 15x . 9.3x 8.7x 8.2x 8.7x 7.2x WestRock Dispensing Albéa Dispensing Gateway U

31. Slide 31: Appendix B: Reconciliation of Non-GAAP Financial Measures

    Appendix B: Reconciliation of Non-GAAP Financial Measures ings. All Rights Reserved.

32. Slide 32: Trivium Packaging B.V. Reconciliation

    Appendix J sican Trivium Packaging B.V. Reconciliation of Income before interest and income taxes (EBIT) to Adjusted EBIT and Adjusted EBITDA (S$ in millions) Year Ended LTM Ended December 31, 2025 June 30, 2026 Trivium Packaging B.V. Net Sales S 3,013.6 Ss 3,080.9 Income before interest and income

33. Slide 33: Silgan Holdings Reconciliation

    Appendix Js LGAN Reconcil Dispensing and Specialty Closures: Net sales Income before interest and income taxes (EBIT) Plus: Acquired intangible asset amortization expense Other pension (income) expense for U.S. pension plans and closed facilities Equity in earnings of affiliates, net of tax Rational

34. Slide 34: Silgan Holdings Reconciliation (continued)

    Appendix Reconcil Custom Containers: Net sales Income before interest and income taxes (EBIT) Plus: Acquired intangible asset amortization expense Other pension (income) expense for U.S. pension plans and closed facilities Rationalization charges Adjusted EBIT Plus: Depreciation Adjusted EBITDA Marg

35. Slide 35: Silgan Holdings Reconciliation (continued)

    Yi sigan Appendix Silgan Holdings Inc. Reconciliation of Income before interest and income taxes (EBIT) to Adjusted EBIT and Adjusted EBITDA (S$ in millions) Year Ended ‘Six Months Ended LTM Ended December 31, 2025 June 30, 2025 June 30,2026 June 30, 2026 Silgan MCC Closures: Net sales $ 848.9 $ 429

36. Slide 36: Total Existing Silgan Metal Containers and Closures Businesses

    Appendix J sican Silgan Holdings Inc. Total Existing Silgan Metal Containers and Closures Businesses (S in millions) LTM Ended June 30, 2026 Metal Silgan MCC Total Existing Silgan Metal Containers Closures Containers and Closures Businesses Net sales $ 3,322.6 $ 860.7 $ 4,183.3 Adjusted EBITDA $ 335

37. Slide 37: Total Silgan Dispensing Solutions

    Appendix Net sales Adjusted EBITDA Margin sigan Holdings. All Rights Reserved Silgan Holdings Inc. Total Silgan Dispensing Solutions (S in millions) LTM Ended June 30, 2026 Dispensing Less Total Silgan & Specialty Custom Silgan MCC Dispensing Closures Containers Closures Solutions 2,733.2 $ 626.1 $

38. Slide 38: Silgan Holdings Reconciliation (continued)

    Appendix Dispensing and Specialty Closures: Net sales Income before interest and income taxes (EBIT) Plus: ‘Acquired intangible asset amortization expense ‘Other pension (income) expense for U.S. pension plans and closed facilities Equity in earnings of affiliates, net of tax Net sales Income before

39. Slide 39: Total Silgan MCC

    Appendix Net sales Adjusted EBITDA Margin ©2026 Silgan Holdings. All Rights Reserved. Silgan Holdings Inc. + Expected Synergies from the proposed acquisition Total Silgan MCC (S in millions) LTM Ended June 30, 2026 Total Existing Silgan Metal Containers and Closures Total Businesses Trivium Synergie

40. Slide 40: Total Silgan Pro Forma

    Appendix Net sales Adjusted EBITDA Margin ©2026 Silgan Holdings. All Rights Reserved. Silgan Holdings Inc. Total Silgan Pro Forma (S in millions) LTM Ended June 30, 2026 Silgan Dispensing Silgan Total Solutions MCC PF Corporate Silgan PF 2,498.6 $ 7,264.2 $ - 9,762.8 555.1 $ 11765 $ (52.0) 1,679.6 2

41. Slide 41: Thank You

Silgan Holdings — Q3 2026 Earnings Presentation on 6ix