Sig Group Ag · SIX:SIGN
Sig — FY2024 Earnings Presentation
26 slides from Sig's earnings presentation, 2025
Slide 1: SIG Group FY 2024 results
results SIG Group sam rist, CEO Py [2 all Anne Erkens, CFO @
Slide 2: Disclaimer and cautionary statement
Disclaimer and cautionary statement The information contained in this presentation is not for use within any country o urisletion or by any persons where such use would constitute a violation of law. If this applies to you, you are not authorized to access or use any such information. This presentat
Slide 3: Overview 2024
Overview 2024 Samuel Sigrist, CEO
Slide 4: Business Summary
Business Summary Implementing our strategy and driving growth PLATINUM PX ecovadis Cee Resilient revenue growth Expanded global footprint Continuous innovation ESG ratings * Carton growth of 6.0%!, * Mexico aseptic carton (2023) * Launch of 2"4 generation + First-time inclusion in the Dow continuing
Slide 5: Governance update
Governance update Changes to the Board of Directors * As previously announced the Board has nominated Ola Rollén as Board Chair at the 2025 AGM to succeed Andreas Umbach who will not stand for re-election * As part of regular Board succession Matthias Wahren and Wah-Hui Chu are not standing for re-e
Slide 6: 2024 financial summary
2024 financial summary Solid performance in challenging consumer environment Revenue growth € 3.33 billion +3.9% at constant currency and constant resin (S) i@ Revenue growth +4.3% at constant currency Adjusted EBITDA € 820M (2023: € 803 million) Adjusted net income € 308M (2023: € 318 million) Reve
Slide 7: 2024 financial summary
2024 financial summary Solid performance in challenging environment Net capital expenditure incl. lease payments € 216M (2023: € 298 million) ROCE post tax? 27% (2023: 27%) Leverage 2.6x (2023: 2.7x) Free cash flow € 290M (2023: € 219 million) Proposed dividend per share? CHF 0.49 (2023: CHF 0.48) *
Slide 8: Q4 2024 financial summary
Q4 2024 financial summary Strong revenue growth and margin improvement Revenue € 930.7 million +5.7% constant currency +5.1% at constant currency and Constant resin +4.5% reported Adjusted EBITDA € 244M (Q4 2023: €221 million) Adjusted EBITDA margin 26.2% (Q4 2023: 24.8%) Adjusted net income € 110M
Slide 9: Regional summary: Europe
Regional summary Europe Strong performance with share gains and margin expansion € million 2023 2024 Q4 2024 Revenue 984 1,045 268 Revenue growth? 6.2% 5.9% Adjusted EBITDA 279 308 Adjusted EBITDA margin 28.3% 29.5% + Revenue growth at constant currency and constant resin of 6.4% + Market supported
Slide 10: Regional summary: India, Middle East and Africa
Regional summary India, Middle East and Africa Double digit sales growth across the region with share gains | € million 2023 2024 Q4 2024 Revenue 404 456 126 Revenue growth? 13.4% 12.2% Adjusted EBITDA 107 122 Adjusted EBITDA margin 26.4% 26.7% + Revenue growth at constant currency and constant resi
Slide 11: Regional summary: Asia Pacific
Regional summary Asia Pacific Soft consumer market in China, good growth in rest of region € million 2023 2024 Q4 2024 Revenue 936 938 298 Revenue growth 1.6% 2.4% Adjusted EBITDA 276 260 Adjusted EBITDA margin 29.5% 27.7% Revenue growth at constant currency and constant resin of 1.7% Challenging ma
Slide 12: Regional summary: Americas
Regional summary Americas H2 2024 initial recovery in bag-in-box out-of: me dining; solid carton performance € million 2023 2024 Q4 2024 Revenue 905 889 239 Revenue growth? 0.8% 6.7% Adjusted EBITDA 210 209 Adjusted EBITDA margin 23.2% 23.5% + Revenue growth at constant currency and constant resin o
Slide 13: Bag-in-box and spouted pouch synergies: solid progress
Bag-in-box and spouted pouch synergies: solid progress with synergy wins Equipment and SPELLS recurring packaging sales # fillers ~80 BB Msp I Carton Il Equipment one-off {8 Equipment recurring? Packaging materials = recurning? Mises "sp Il Carton 2023 20241 Total Total Total 4ncludes signed contrac
Slide 14: Bag-in-box and spouted pouch portfolio transforming to aseptic systems solutions
Bag-in-box and spouted pouch portfolio transforming to an aseptic systems solutions Composition of revenue synergies vs. status at acquisition Revenuecomposition Revenue composi ° at acquisi synergy projects Synergy wins [% split] [% revenue] By geography Il Americas Higher emerging 1 Europe market
Slide 15: Financials
Financials Anne Erkens, CFO
Slide 16: Full year adjusted EBITDA bridge
Full year adjusted EBITDA bridge Adj. EBITDA driven by volume and raw material price benefits € million + FY negative FX impact from 24.9% 24.6% 1 depreciation BRL, THB and RMB vs. €; benefit from US$ strength in Q4 = + Top line contribution driven by volume growth offset by unfavorable mix | + Raw
Slide 17: EBITDA reconciliation
EBITDA reconciliation € million 2023 2024 EBITDA 861 844 Adjustments to EBITDA: Unrealized (gain)/loss on operating derivatives (9) (10) Restructuring costs, net of reversals 6 10 Transaction and acquisition-related costs 1 3 Integration costs 13 0 Change in fair value of contingent consideration (5
Slide 18: Net income reconciliation
Net income reconciliation € million 2023 2024 Profit for the period 243 194 Non-cash foreign exchange impact of non-functional currency loans and (1) 10 realized foreign exchange impact due to refinancing . Amortization of transaction costs 5 3 + Final quarter of Onex PPA —— = = —= amortization in Q
Slide 19: Capital expenditure and leases
Capital expenditure and leases KPI amendment to reflect Group’s utilization of lease agreements in new greenfield projects € million 2023 2024 PP&E and intangible assets (net of sales) 164 127 Filling lines and other related equipment 233 181 Capital expenditure 397 307 Upfront cash (146) (143) Net
Slide 20: Free cash flow
Free cash flow Strong free cash flow improvement reflects lower capex and higher customer incentives € million or % 2023 2024 Higher 2024 free cash flow included: Net cash from operating activities 663 649 ane + + * €82 million decrease in net capex incl. €80M Acquisition of property, plant and equi
Slide 21: Leverage and financing
Leverage and financing Further reduction in net leverage € million 2023 2024 Gross debt 2,458 2,475 Cash 281 303 Net debt 2,177 2,171 Net leverage ratio 2.7x 2.6x + Net leverage positively impacted by increase in adjusted EBITDA + Net debt slightly below last year reflecting €74 million debt repayme
Slide 22: 2025 financial guidance
Revenue growth (constant currency and constant resin) Adjusted EBITDA margin Adjusted effective tax rate Net CAPEX incl. leases (% revenue) Dividend payout ratio (of adjusted net income) 2025 financial guidance As per new definition incl. lease payments + Expect a similar market environment as in 20
Slide 23: Mid-term financial guidance
Revenue growth (constant currency and constant resin) Adjusted EBITDA margin Net CAPEX incl. leases (% revenue) Dividend payout ratio (of adjusted net income) Net leverage Mid-term financial guidance Confirmed Upper half of range As per new definition incl. lease payments * Best-in-class margins * S
Slide 24: Concluding remarks
Concluding remarks
Slide 25: SIG's distinctive model for superior value creation
SIG’s distinctive model for superior value creation Culture of innovation and sustainability. For better. Attractive industry Systems-based Industry-leading Strong and end markets SS business model innovations SS value creation % (i) Structural drivers (hal chomosreY Aseptic technology Above market
Slide 26: Thank you!
Thank you!