Sig Group Ag · SIX:SIGN
Sig — Q3 2023 Earnings Presentation
12 slides from Sig's earnings presentation, Oct 24, 2023
Slide 1: Q3 2023 trading statement
Q3 2023 trading statement SIG Group Samuel Sigrist, CEO October 24, 2023
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: Q3 2023 business summary
Q3 2023 business summary Solid financial performance Net-Zero target approved by Adjusted EBITDA margin and Strong innovation momentum Revenue cash flow underpinning future growth per liter packed the Science Based Targets initiative (SBTi) Strong organic Price increases Commercial launch SIG one of
Slide 4: Q3 2023 financial highlights
Q3 2023 financial highlights Strong organic revenue growth and free cash flow generation Revenue Adjusted EBITDA Adjusted net Free cashflow € 799 million income +7.7% € 198 € 79 € 133 constant currency million million million (Q3 2022: € 179 m) (Q3 2022: € 78 m) (Q3 2022: € 101m) +8.1% Adjusted EBIT
Slide 5: 9 months 2023 financial highlights
9 months 2023 financial highlights Robust financial performance year to date Revenue Adjusted EBITDA Adjusted net Free cashflow € 2,339 million income +24.3% € 582 € 223 € (80) constant currency million million million (9M 2022: € 459 m) (9M 2022: € 203 m) (9M 2022: € 92 m) +7.1% Adjusted EBITDA Net
Slide 6: Q3 regional summary: Europe and Middle East and Africa
Q3 regional summary Europe and Middle East and Africa Europe Price increases supporting revenue growth offsetting prior year cost inflation € million Q3 2023 9 months 2023 Continue to gain share of aseptic carton market due Revenue 246 737 to new filler installations Revenue growth(1) 7.5% 21.9% Org
Slide 7: Q3 regional summary: Asia Pacific and Americas
Q3 regional summary Asia Pacific and Americas Asia Pacific Improving volume growth throughout quarter in SE Asia € million Q3 2023 9 months 2023 Strong volume growth for chilled and aseptic carton in Revenue 240 690 China Revenue growth(1) 14.4% 21.8% Organic revenue growth(1),(2) 10.4% 2.8% America
Slide 8: Adjusted EBITDA bridge
Adjusted EBITDA bridge Solid margin recovery 9 months adjusted EBITDA bridge (€ million) Q3 adjusted EBITDA bridge (€ million) 24.0%(1) 24.9%(1) 23.2%(1) 24.8%(1) - 10 -9 - 41 51 6 126 6 -1 7 - 18 582 -5 30 459 465 179 174 198 Other (2) 9M 2022 9M 2023 FX impacts material SG&A Top line FX adjusted P
Slide 9: 9 months free cash flow
9 months free cash flow Cash generation gaining momentum Capital expenditure reflects investments Nine months Nine months in global capacity and higher filler capex ended ended due to strong win rate € million Sep 30, 2023 Sep 30, 2022 Net cash from operating activities 264 293 Q3 cash generation in
Slide 10: Leverage and financing
Leverage and financing Net leverage lower as cash generation and adjusted EBITDA expand Sep 30, 2023 Jun 30, 2023(1) Dec 31, 2022(2) Net leverage improvement as of € million September 30, vs. June 30, 2023 Gross debt 2,817 2,794 2,684 Committed to reduce gross debt by year Cash 346 212 504 end 2023
Slide 11: 2023 financial guidance maintained
2023 financial guidance maintained Revenue growth (constant currency) 20–22% Includes organic(1) growth of 7- 9% Pass through resin escalator for bag- in- box and spouted pouch +50-150 excluded from guidance Adjusted EBITDA Range of margin bps 24- 25% Guidance subject to input cost and forex Adj
Slide 12: Thank you!
Thank you! www.sig.biz