Silgan Holdings Inc. · NYSE:SLGN
Silgan — Baird 2022 Global Industrial Conference
13 slides from Silgan's conference presentation, Nov 9, 2022
Slide 1: Silgan Holdings Inc. Baird 2022 Global Industrial Conference
WELCOME Silgan Holdings Inc. Baird 2022 Global Industrial Conference November 2022
Slide 2: Presentation Notes
2 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
Slide 3: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES 3 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 inclu
Slide 4: $5.7B Sustainable Rigid Packaging Company for Consumer Goods
$5.7B¹ Sustainable Rigid Packaging 4 Company for Consumer Goods Health Other Care 2% 3% Dispensing ROW Personal & Specialty Closures 7% Care & 45% Beauty 10% 38% Home Care, Europe Lawn & Custom 20% Garden End Food Segments 13% Containers 13% 47% 15% Geography Markets 2021 Revenue Beverage 10% USA 49
Slide 5: Cornerstone Business Strategy
Cornerstone Business Strategy 5 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 deployme
Slide 6: High Free Cash Flow Conversion
High Free Cash Flow Conversion 6 $500 $900 $450 $800 (Free Cash Flow & Capex, $ in millions) $400 $700 Since 2016: (Adjusted EBITDA, $ in millions) $350 $600 • Free Cash Flow conversion of Adjusted $300 $500 EBITDA has averaged 47% $250 $400 • Adjusted EBITDA has grown 83% $200 $150 $300 • Capex has
Slide 7: Efficient Balance Sheet
Efficient Balance Sheet 7 4.5x Total Net Leverage Ratio 4.0x 4.0x 3.5x 3.5x 3.5x 3.4x 3.3x 3.2x • Management is committed to 3.0x 2.9x 2.9x reducing debt via free cash flow 2.6x generation 2.5x 2.3x • Consistent track record of 2.0x $746M in deleveraging post-acquisition $1B Acquisitions: Financial
Slide 8: Investment Overview
Investment Overview 8 Defensive end markets with portfolio evolution to organic growth Meaningful capital deployment opportunity with strong track record creating value Product offering strategically positioned to benefit from sustainability trends in packaging ©2022 Silgan Holdings Inc. All Rights
Slide 9: Appendix A: Reconciliation of Non-GAAP Financial Measures
Appendix A: Reconciliation of Non-GAAP Financial Measures ©2022 Silgan Holdings Inc. All Rights Reserved.
Slide 10: Appendix A: Segment Income to Adjusted Segment EBITDA
APPENDIX A 10 Silgan Holdings Inc. Reconciliation of Segment Income to Segment EBITDA and Adjusted Segment EBITDA ($ in millions) Year Ended December 31, 2021 Dispensing & Specialty Metal Custom Segment Total Closures Containers Containers Total Corporate Company Segment Income, as reported $ 262.1
Slide 11: Appendix A: Income Before Interest and Taxes to Adjusted EBITDA
APPENDIX A 11 Silgan Holdings Inc. Reconciliation of Total Company Income Before Interest and Income Taxes to EBITDA and Adjusted EBITDA ($ in millions) Year Ended December 31, Total Company 2016 2017 2018 2019 2020 2021 Income before interest and income taxes $ 299.7 $ 357.0 $ 412.1 $ 359.5 $ 512.4
Slide 12: Appendix A: Operating Cash Flow to Free Cash Flow
APPENDIX A 12 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 as a Percentage of Adjusted EBITDA ($ in millions, e
Slide 13: Thank You
THANK YOU www.silganholdings.com
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