Silgan Holdings Inc. · NYSE:SLGN

Silgan — Q1 2025 Earnings Presentation

36 slides from Silgan's earnings presentation, Apr 30, 2025

  1. Slide 1: Silgan Holdings Inc. Investor Relations Presentation

    WELCOME Silgan Holdings Inc. Investor Relations Presentation June 2025

  2. Slide 2: Presentation Notes

    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 made in or

  3. Slide 3: Non-GAAP Financial Measures

    NON-GAAP FINANCIAL MEASURES 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 or include

  4. Slide 4: Investment Overview

    Investment Overview Portfolio evolution towards higher organic growth products and end markets with better margins Meaningful capital deployment opportunity with strong track record creating value Consumer staple product and end market focus 4 ©2025 Silgan Holdings Inc. All Rights Reserved.

  5. Slide 5: Sustainable Rigid Packaging Company for Consumer Goods

    $5.9B¹ Sustainable Rigid Packaging Company for Consumer Goods Health Other Care 2% 3% Metal ROW Personal Containers 8% Care & 35% Beauty Custom 15% 50% Containers 13% Europe Home Care, 21% Food Lawn & Garden End 11% Segments 47% Geography 7% Markets 2024 Revenue Beverage 10% USA 39% 71% Pet Food Dis

  6. Slide 6: Unique Business Model

    Unique Business Model Our cash deployment model gives us the flexibility to selectively grow and create ✓ Proven leadership team franchise positions in the packaging industry ✓ Focused segment management ✓ Customer-focused ✓ Metric-driven culture ✓ Track record of value creation ✓ Disciplined deploy

  7. Slide 7: Cornerstone Business Strategy

    Cornerstone Business Strategy Build and enhance Deploy strong Earnings growth franchise positions Free Cash Flow and value creation ✓ Sustainable competitive ✓ Growth through ✓ Top tier earnings advantage targeted acquisitions growth in Packaging sector ✓ Supply best value in ✓ Other cash deployment

  8. Slide 8: Leading Positions in Our Markets

    Leading Positions in Our Markets SEGMENT OUR OUTLOOK Dispensing & Specialty Closures Leading positions in: • Global fragrance dispensers • Global trigger sprayers ✓ Dispensing solutions growth drives mix and margin • Global dispensing pumps enhancement • Global metal closures for food and beverage ✓

  9. Slide 9: Sustainability Highlights

    Sustainability Highlights Product Highlights – ~95% of the products our Company produces are recyclable • Metal can and closures highlights: • Plastic closures, bottles, and dispensers highlights: • 100% recyclable • Products provide unique attributes only available in plastics • Infinitely recyclab

  10. Slide 10: Dispensing and Specialty Closures

    DISPENSING AND SPECIALTY CLOSURES ©2024 Silgan Holdings Inc. All Rights Reserved.

  11. Slide 11: Dispensing & Specialty Closures

    Dispensing & Specialty Closures Sales: $2.3B Adjusted EBITDA: $476M Strong Market Positions with Attractive Growth Opportunities Health Care 5% Personal ROW Care, Plastic 16% Beverage Fragrance & 18% 21% Beauty End 34% USA Products Dispensing Geography 48% Markets 62% Metal Europe Food Home Care, 20

  12. Slide 12: Adjusted Segment EBITDA: Dispensing & Specialty Closures

    Dispensing & Specialty Closures Dispensing Mix Driving Growth and Margin Expansion 500 21% Adjusted Segment EBITDA 20% 400 19% ($ in millions) 300 18% 200 17% 16% 100 15% 0 14% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Adjusted EBITDA Adjusted EBITDA Margin • Highly engineered dispensing and

  13. Slide 13: Advancements in Sustainability

    Dispensing & Specialty Closures Advancements in Sustainability Fully Recyclable Fully Recyclable Post-Consumer Recycled (PCR) • Fully recyclable metal closures for glass and metal containers • Helping customers meet their sustainability goals (recyclability • Market leading PCR dispensing products p

  14. Slide 14: Metal Containers

    METAL CONTAINERS ©2024 Silgan Holdings Inc. All Rights Reserved.

  15. Slide 15: Metal Containers

    Metal Containers Sales: $2.9B Adjusted EBITDA: $320M Most Sustainable Food Package Other Other 9% 12% Europe 12% Protein 10% Protein Pet Food 18% End Markets Pet Food End Markets 43% Geography Soup (International) 14% (North America) 50% Soup Vegetable 14% North America & Fruit 88% Vegetable 17% & F

  16. Slide 16: Wet Pet Food Cans Driving Growth

    Metal Containers Wet Pet Food Cans Driving Growth 34% of 50% of total total volume volume 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Pet Protein Fruit & Vegetable Other Soup • Market leader in North American food cans • $20M annual cost reduction achieved by year end 2025 • Pet food accounts

  17. Slide 17: Sustainability Advantaged Package

    Sustainability Advantaged Package ✓ Infinitely recyclable package ✓ Highest recycling rate of any food or beverage package in U.S. – 58% ✓ Food Cans contain as much as 77% recycled content • Reduced carbon footprint ✓ Shelf stable food cans preserve food for years with no refrigeration ✓ Reducing fo

  18. Slide 18: Custom Containers

    CUSTOM CONTAINERS ©2024 Silgan Holdings Inc. All Rights Reserved.

  19. Slide 19: Custom Containers

    Custom Containers Sales: $650M Adjusted EBITDA: $117M Competitive Advantage through Service Model Pet Food ROW 10% 1% Canada Personal Care 15% 11% End Food 48% Geography Healthcare Markets 13% Home Care USA 18% 84% 2024 Revenue 2024 Revenue ~20 14 8 countries US plants Canada plants served End marke

  20. Slide 20: Transitioning to Growth at Higher Margins

    Custom Containers Transitioning to Growth at Higher Margins 19% 17% Adjusted EBITDA Margin 15% 13% 11% 9% 7% 5% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Adjusted EBITDA Margin Adjusted EBITDA Margin Target • Service model - enabling customers to successfully launch • $10M annual cost reduct

  21. Slide 21: Diverse End Markets With Large Customers

    Diverse End Markets With Large Customers Food Home Care Healthcare Personal Care Pet Food Manufacturing Thermoform, Blow Mold, Blow Mold, Injection Mold Blow Mold, Injection Mold Blow Mold, Injection Mold Thermoform Technology Injection Mold Segment % 48% 18% 13% 11% 10% (2023 Revenue) Shelf life, d

  22. Slide 22: Sustainability in Plastic Packaging

    Custom Containers Sustainability in Plastic Packaging • Focus on multi-serve products where resin-based packaging • Strategic alliances to promote responsible plastic use, provides unique utility (weight, safety, flexibility, etc.) increase recycling rates and reduce waste: • Recyclability: 99% of C

  23. Slide 23: Financial Overview

    FINANCIAL OVERVIEW ©2023 Silgan Holdings Inc. All Rights Reserved.

  24. Slide 24: Silgan Financial Attributes

    Silgan Financial Attributes ✓ Dispensing & Pet products driving accelerated organic growth ✓ Portfolio evolution toward higher margin products ✓ Strong free cash flow generation ✓ Disciplined return-based capital deployment ✓ Balanced view of shareholder value creation ✓ Focus on efficiency of balan

  25. Slide 25: Strong Recent and Long-Term Financial Performance

    Strong Recent and Long-Term Financial Performance CAGR = 7.8% Average = 105% Adjusted EBITDA 200% Free Cash Flow Per Diluted Share as a % $1,000 of Adjusted Net Income Per Diluted Share 150% $800 (millions) $600 100% $400 50% $200 $0 0% CAGR = 10.3% CAGR = 11.5% $5.00 Dividends Per Adjusted Net Inco

  26. Slide 26: High Free Cash Flow Conversion

    High Free Cash Flow Conversion $500 $1,000 $450 $900 (Free Cash Flow & Capex, $ in millions) $400 $800 Since 2019: (Adjusted EBITDA, $ in millions) $350 $700 • Free Cash Flow conversion of Adjusted $300 $600 EBITDA has averaged 47% $250 $500 • Adjusted EBITDA has grown 46% $200 $400 $150 $300 • Cape

  27. Slide 27: Disciplined & Balanced Capital Deployment Strategy

    Disciplined & Balanced Capital Deployment Strategy $1,400 120% $1,200 100% Total Shareholder Return $1,000 80% Aggregate spend 2015 – 2024: Acquisitions: $3.6B (millions) $800 60% • $600 40% • Capital Expenditures: $2.2B / 4.4% of sales $400 20% • Dividends: $566M $200 0% • Share Repurchases: $782M

  28. Slide 28: Efficient Balance Sheet

    Efficient Balance Sheet 4.5x Total Net Leverage Ratio 4.0x 4.0x 3.5x 3.5x 3.5x 3.4x 3.3x 3.2x 3.2x 3.3x • Management is committed to 3.0x 2.9x 3.0x reducing debt via free cash flow 2.6x generation 2.5x • Consistent track record of 2.0x $746M in $922M deleveraging post-acquisition $1B Acquisitions: A

  29. Slide 29: Appendix A: Reconciliation of Non-GAAP Financial Measures

    Appendix A: Reconciliation of Non-GAAP Financial Measures ©2023 Silgan Holdings Inc. All Rights Reserved.

  30. Slide 30: Appendix A

    APPENDIX A Silgan Holdings Inc. Reconciliation of Total Company Income Before Interest and Income Taxes (EBIT) to Adjusted EBIT and Adjusted EBITDA ($ in millions) Year Ended December 31, Total Company 2019 2020 2021 2022 2023 2024 Income before interest and income taxes (EBIT) $ 359.5 $ 512.4 $ 576

  31. Slide 31: Appendix A

    APPENDIX A Silgan Holdings Inc. Reconciliation of Income before interest and income taxes (EBIT) to Adjusted EBIT and Adjusted EBITDA ($ in millions) Year Ended December 31, 2024 Dispensing & Specialty Metal Custom Segment Total Closures Containers Containers Total Corporate Company Income before in

  32. Slide 32: Appendix A

    APPENDIX A Silgan Holdings Inc. Reconciliation of Dispensing and Specialty Closures Income Before Interest and Income Taxes (EBIT) to Dispensing and Specialty Closures Segment Adjusted EBIT and Dispensing and Specialty Closures Segment Adjusted EBITDA and Calculation of Dispensing and Specialty Clos

  33. Slide 33: Appendix A

    APPENDIX A Silgan Holdings Inc. Reconciliation of Custom Containers Income Before Interest and Income Taxes (EBIT) to Custom Containers Adjusted EBIT and Custom Containers Adjusted EBITDA and Calculation of Custom Containers Adjusted EBITDA Margin ($ in millions) Year Ended December 31, Custom Conta

  34. Slide 34: Appendix A

    APPENDIX A Silgan Holdings Inc. Reconciliation of Net Cash Provided by Operating Activities and Net Cash Provided by Operating Activities Per Diluted Share to Free Cash Flow and Free Cash Flow Per Diluted Share and Calculation of Free Cash Flow Per Diluted Share as a Percentage of Adjusted Net Incom

  35. Slide 35: Appendix A

    APPENDIX A Silgan Holdings Inc. Reconciliation of Net Income Per Diluted Share to Adjusted Net Income Per Diluted Share Year Ended December 31, 2019 2020 2021 2022 2023 2024 Net Income per diluted share as reported $ 1.74 $ 2.77 $ 3.23 $ 3.07 $ 2.98 $ 2.58 Adjustments: Acquired intangible asset amor

  36. Slide 36: Thank You

    THANK YOU www.silganholdings.com

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