Slide 1: 2025 Financial Results
2025 Financial Results Mikko Keto, CEO Anne Erkens, CFO March 3, 2026
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: Mikko Keto started as SIG's new CEO on March 1
Mikko Keto started as SIG's new CEO on March 1 March 3, 2026 | 2025 Annual Results 3
Slide 4: 2025 business summary
2025 business summary Sequential improvement versus Q3 Revenue development Strategic review Demand for filling equipment Innovation progress • Following the destocking in Q3, • Asset impairment as a result of • 68 new fillers placed in 2025 • New SIG Neo machine fourth quarter back to positive the G
Slide 5: FY 2025 revenue breakdown
FY 2025 revenue breakdown Revenue Revenue Growth Revenue split by segment (millions) €3,329 €3,249 0.4% 27% 0.1% 32% Europe (2.4%) IMEA Reported Constant Constant 27% 14% APAC 2024 2025 currency currency & resin Americas Revenue split by business Revenue split by product 7% 6% 17% 4% Equipment Asept
Slide 6: FY 2025 financial summary
FY 2025 financial summary Adjusted EBITDA (millions, % of revenue) Adjusted EBIT (millions, % of revenue) Adjusted net income and EPS (millions, earnings per share EUR) 24.6% 24.2% 16.5% 15.7% 0.81 22.1% 0.75 13.6% €820 €788 0.60 €718 €550 €308 €511 €285 €442 €231 2024 2025 2025 2024 2025 2025 2024
Slide 7: Q4 2025 financial summary
Q4 2025 financial summary Revenue Growth Adjusted EBITDA (millions, % of Revenue) Adjusted EBIT (millions, % of Revenue) 26.2% 25.7% 24.7% 18.9% 18.3% 0.6% 17.4% 0.5% €244 €231 €223 €176 €156 €165 (3.2%) Reported Constant Constant currency currency 2024 2025 2025 2024 2025 2025 & resin excl. non -re
Slide 8: Regional summary: Europe
Regional summary: Europe Improvement in the fourth quarter Adjusted Adjusted Adjusted Adjusted Revenue Adjusted Adjusted Adjusted Adjusted (€ million) Revenue EBITDA EBIT EBITDA EBIT Growth 1 EBITDA EBIT EBITDA EBIT Margin Margin Margin Margin Including non -recurring charges Excluding non -recurrin
Slide 9: Regional summary: IMEA
Regional summary: IMEA Normalization in Q4 Adjusted Adjusted Adjusted Adjusted Revenue Adjusted Adjusted Adjusted Adjusted (€ million) Revenue EBITDA EBIT EBITDA EBIT Growth 1 EBITDA EBIT EBITDA EBIT Margin Margin Margin Margin Including non -recurring charges Excluding non -recurring charges 2024 4
Slide 10: Regional summary: Asia Pacific
Regional summary: Asia Pacific Continuing to gain share in challenging market environment in China Adjusted Adjusted Adjusted Adjusted Revenue Adjusted Adjusted Adjusted Adjusted (€ million) Revenue EBITDA EBIT EBITDA EBIT Growth 1 EBITDA EBIT EBITDA EBIT Margin Margin Margin Margin Including non -r
Slide 11: Regional summary: Americas
Regional summary: Americas Strong development in Mexico Adjusted Adjusted Adjusted Adjusted Revenue Adjusted Adjusted Adjusted Adjusted (€ million) Revenue EBITDA EBIT EBITDA EBIT Growth 1 EBITDA EBIT EBITDA EBIT Margin Margin Margin Margin Including non -recurring charges Excluding non -recurring c
Slide 12: Non-recurring charges 2025
Non -recurring charges 2025 Cash impact of approximately €25 million expected in 2026 € millions €14 €351 €62 Q4 €31 €82 €86 Q3 €320 €107 BiB & SP Chilled Markets & Innovations Restructuring Total Capacity Other Note: Total may not add due to rounding March 3, 2026 | 2025 Annual Results 12
Slide 13: Adjusted EBITDA - clarification of adjustments
Adjusted EBITDA - clarification of adjustments Standard SIG principles applied to ensure consistency Included in SIG adjusted EBITDA definition Allocation per SIG KPI definitions 1 • Charges where management is held accountable to € millions deliver returns on customer projects (e.g. filling line in
Slide 14: Adjusted EBITDA bridge
Adjusted EBITDA bridge € millions €820 (€10) €9 (€17) (€44) €42 (€12) €788 €776 (€69) €718 €12 24.6% 24.0% 24.2% 22.1% Adjusted Currency Currency Top Line Production Sourcing SG&A Other Adjusted Non -recurring Adjusted EBITDA Impacts adjusted EBITDA Impacts EBITDA 2024 EBITDA 2025 2025 2024 Excl. no
Slide 15: Adjusted EBIT bridge
Adjusted EBIT bridge € millions €550 (€39) €511 €12 (€12) €511 (€69) €442 16.5% 15.8% 15.7% 13.6% Adjusted Currency Currency Adjusted Depreciation Adjusted Non -recurring Adjusted EBIT impacts adjusted EBITDA & EBIT impacts EBIT 2024 EBIT items Amortization 2025 2025 2024 Incl. non - Excl - non - re
Slide 16: EBITDA/EBIT reconciliation
EBITDA/EBIT reconciliation 2025 (excl. non - Non -recurring € million 1 2024 recurring) charges 2025 EBITDA 844 771 (351) 420 Adjustments to EBITDA: Unrealized (gain)/loss on operating derivatives (10) 6 - 6 Impairment losses 21 1 262 263 Restructuring costs, net of reversals 10 1 9 10 Gain on sale
Slide 17: Net income reconciliation
Net income reconciliation 2025 (excl. non - Non -recurring € million 1 2024 recurring) charges 2025 Profit / (loss) for the period 194 208 (295) (87) Non -cash foreign exchange impact of non -functional currency 10 1 - 1 loans and realized foreign exchange impact due to refinancing Amortization of t
Slide 18: Capital expenditure
Capital expenditure Including lease payments PP&E and intangible assets includes: € million 1 2024 2025 • Lower capital expenditure following the completion of the construction of PP&E and intangible assets 127 95 the plant in India Filling lines and other related equipment 181 173 • Investments int
Slide 19: Free cash flow
Free cash flow Including net working capital Net cash flows from operating activities driven by: € million 2024 2025 Net cash from operating activities 649 514 • Lower adj. EBITDA vs. prior year Acquisition of property, plant and (307) (268) • Higher customer volume incentive equipment and intangibl
Slide 20: Net debt bridge
Net debt bridge Net debt positively impacted by weaker US dollar € millions €203 (€191) €2,171 (€43) €2,128 €6 (€2) €2,144 Net debt 2024 Currency Currency Dividend paid Free cash Lease other Net debt 2025 impacts adjusted net in 2025 flow 2025 movements debt 2024 Net Leverage 2.6x 3.0x • Net debt re
Slide 21: Guidance 2026
Guidance 2026 Revenue growth (constant currency and constant resin) 0 -2% • Expect a similar Adjusted EBIT market environment margin 15.7 -16.2% as in 2025 • Note: stronger comps in H1 2025 Adjusted effective tax rate 26 -28 % • Guidance subject to: • Input cost • FX volatility Net CAPEX incl. lease
Slide 22: Mid-term guidance
Mid -term guidance Revenue growth • Revenue growth (constant currency and constant resin) 3 -5% reflects market normalization in the mid -term Adjusted EBIT margin Above 16.5 % • Best -in-class margins Net CAPEX • Focus on cash flow incl. leases 6 -8 % generation and (% revenue) deleveraging Net lev
Slide 23: In summary ...
In summary ... Multiple Attractive Robust return growth drivers margin profile profile Secular consumer trends Focused investments Rigorous capital allocation Differentiated offering Performance improvement Low working capital needs Aseptic Spouted Pouch Innovation premium Leverage reduction BIB tra
Slide 24: Thank you!
Thank you!
Slide 25: Overview of historical revenue, adj. EBITDA and EBIT
Overview of historical revenue, adj. EBITDA and EBIT 2025 excludes non -recurring charges Group Europe IMEA Asia Pacific Americas 2024 2025 2024 2025 2024 2025 2024 2025 2024 2025 Revenue MEUR 3,329 3,249 1,045 1,036 456 445 938 892 889 874 Adjusted EBITDA MEUR 820 788 308 330 122 119 260 236 209 17
Slide 26: Impact of adjusted PPA on income statement
Impact of adjusted PPA on income statement 2026 estimated numbers subject to foreign currency impacts 2024 2025 2026E Revenue MEUR 3,329 3,249 COGS Adjusted Onex PPA MEUR 64 15 - Adjusted other PPA MEUR 35 32 26 Total MEUR 99 46 26 Impact on Gross margin (% Revenue) % -3.0% -1.4% SG&A Adjusted other
Slide 27: GIG)
GIG) for better