Verallia Sas · EURONEXT:VRLA
Verallia Sas — Verallia,Courbevoie — Q1 2026 Earnings Presentation
19 slides from Verallia Sas's earnings presentation, Apr 23, 2026
Slide 1: Q1 2026 results
Q1 2026 results 23 April 2026
Slide 2: Summary
Summary 01 Introduction 02 Q1 2026 03 2026 outlook financial results Q1 2026 RESULTS 23.04.26 2
Slide 3: Introduction
INTRODUCTION Patrice LUCAS CEO Q1 2026 RESULTS 23.04.26 3
Slide 4: A global leader in glass packaging
A global leader in glass packaging customers DIVERSIFIED AND BALANCED END-MARKETS 2025 Glass packaging(1) sales split by end-market(2) ~11,000 countries(5) employees Food 12 ~11,000 18% Still wine 31% Soft drinks 12% 2025 decoration ~ 18 bottles/jars plants 6 billion p.a. 12% 11% Beer 16% Sparkling
Slide 5: European industrial footprint adjustment plan update
European industrial footprint adjustment plan update Site Project Progress status • Closure of the Essen site (two • Production stopped March 30, Germany furnaces, ca 300 headcount) 2026 (Essen) and transfer of production to • Negotiations ongoing other German sites of the Group • Non-reconstruction
Slide 6: Q1 2026: profitability up year-on-year
Q1 2026: profitability up year-on-year REVENUE ADJUSTED EBITDA NET DEBT • -2.4% yoy • €159m, +8.3% • Leverage: to €798m vs. Q1 2025 2.7x LTM adj. • -1.2% yoy • Margin at EBITDA, organic 19.9% vs. stable vs. growth 18.0% in Q1 Dec. 2025 2025 (+197 bps) Q1 2026 RESULTS 23.04.26 6
Slide 7: Q1 2026 financial results
Q1 2026 FINANCIAL RESULTS Cristina RIESGO CFO Q1 2026 RESULTS 23.04.26 7
Slide 8: Q1 2026 consolidated revenue variance analysis
Q1 2026 consolidated revenue variance analysis REPORTED REVENUE (IN €M) • Organic growth: -1.2% in Q1 26 (-2.0% excl. Argentina) 818 0.2 • Flat volumes year-on-year > European volumes flat, with solid growth in SWE 15.7 offsetting expected decline in Germany 1.8 0.0 > LatAm volumes stable over the p
Slide 9: Q1 2026 consolidated adjusted EBITDA variance analysis
Q1 2026 consolidated adjusted EBITDA variance analysis +197bps ADJUSTED EBITDA (IN €M) Q1 2026 Q1 2025 Adjusted EBITDA margin 19.9% 18.0% 0.6 0.1 1.2 • Activity / operating leverage 159 > Broadly neutral activity on overall stable volumes 11.5 • Price/mix-cost spread 2.0 > Slightly positive after tw
Slide 10: March 2026 Group net debt evolution and leverage
31 March 2026 Group net debt evolution and leverage In € million 31/03/2026 31/12/2025 31/03/2025 Net Debt 1,896.4 1,860.8 1,822.7 LTM Adjusted EBITDA 704.4 692.2 785.6 Net Debt / LTM Adjusted EBITDA 2.7x 2.7x 2.3x • Net debt at €1,896m including rights-of-use for €64m • LTM adjusted EBITDA up vs De
Slide 11: March 2026 financial structure and liquidity
31 March 2026 financial structure and liquidity Nominal amount or In € million max. Amount Maturity Nominal rate 31 March 2026 drawable Sustainability-Linked Bond – May 2021(1) 100.3 May 2028 1.625% 101.5 Sustainability-Linked Bond – November 2021(1) 70.2 November 2031 1.875% 69.9 Bond – November 20
Slide 12: 2026 Outlook
2026 OUTLOOK Patrice LUCAS CEO Q1 2026 RESULTS 23.04.26 12
Slide 13: 2026 outlook confirmed
2026 outlook confirmed • Verallia remains on track to meet its 2026 guidance in a deteriorated economic environment, with still soft consumption and increased geopolitical uncertainties • Assuming no significant deterioration in the Middle East environment, the Group aims to generate the following i
Slide 14: Q&A
Q& A Q1 2026 RESULTS 23.04.26 14
Slide 15: Appendix
APPENDIX Q1 2026 RESULTS 23.04.26 15
Slide 16: Reconciliation of operating profit to adjusted EBITDA
Reconciliation of operating profit to adjusted EBITDA In €m Q1 2026 Q1 2025 Operating profit 12.1 51.6 Depreciation and amortisation(1) 92.5 88.1 Restructuring costs 53.0 2.2 IAS 29 Hyperinflation (Argentina)(2) (0.4) 0.1 Management share ownership plan and associated costs 1.3 1.1 Company acquisiti
Slide 17: Glossary
Glossary • Activity category: corresponds to the sum of the • Recurring investments: Recurring Capex represent • The segment Latin America comprises production volumes variations plus or minus changes in acquisitions of property, plant and equipment and plants located in Brazil, Argentina and Chile
Slide 18: Disclaimer
Disclaimer Certain information included in this presentation are not historical facts but are forward-looking statements. These forward-looking statements are based on current beliefs, expectations and assumptions, including, without limitation, assumptions regarding Verallia's present and future bu
Slide 19: Thank you
Thank you