Ccl Industries Inc. Class A · TSX:CCL.A
Ccl Industries Inc. Class A — Q2 2026 Earnings Presentation
16 slides from Ccl Industries Inc. Class A's earnings presentation, Aug 13, 2026
Slide 1: Investor Update 2nd Quarter 2026
Investor Update 2nd Quarter 2026 (Unaudited) August 13, 2026
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking information and forward-looking statements, as defined under applicable securities laws, (hereinafter collectively referred to as “forward-looking statements”) that involve a number of risks and uncertainties. Forward-looking statements include a
Slide 3: Summary
Summary Three Months Ended Six Months Ended Periods Ended June 30th (millions of CDN $) 2026 2025 Change (ex. FX) 2026 2025 Change (ex. FX) Sales $ 2,110.2 $ 1,934.6 +7% $ 4,049.2 $ 3,821.7 +5% (1) Operating Income $ 350.6 $ 322.1 +7% $ 668.1 $ 639.0 +3% Net Finance Cost $ (18.7) $ (17.3) $ (35.4) $
Slide 4: Earnings Per Share
Earnings Per Share Periods Ended June 30th (Per Class B share) Three Months Ended Six Months Ended 2026 2025 2026 2025 Net earnings - basic $ 1.31 $ 1.21 $ 2.49 $ 2.39 Net loss from restructuring $ 0.03 $ 0.01 $ 0.05 $ 0.01 and other items Non-cash acquisition adj. to inventory $ 0.01 - $ 0.01 - Adj
Slide 5: Free Cash Flow From Operations
Free Cash Flow From Operations (2) Periods Ended June 30th (millions of CDN $) $852.7 $759.8 $226.0 $189.2 Q2 2026 Q2 2025 LTM June 2026 LTM June 2025 Page 5
Slide 6: Returned to Shareholders
Returned to Shareholders Periods Ended June 30th (millions of CDN $) • $455.1 million returned to shareholders - $331.6 million on shares repurchased $500.0 - $123.5 million dividends paid $450.0 • 3.8 million Class B shares purchased for $400.0 cancellation $350.0 • Repurchased additional 0.7 milli
Slide 7: Cash & Debt Summary
Cash & Debt Summary (millions of CDN $) June December Debt Maturity USD (millions of CDN $) 2026 2025 Bond $852 & Bonds (US$600.0MM, US$500.0MM, $ 1,861.6 $ 1,809.6 Syndicated Credit C$300.0MM) Syndicated term facility - - Facility $637 Syndicated credit facility (€210.2MM, 636.7 247.5 C$296.0MM) Le
Slide 8: Capital Spending
Capital Spending Periods Ended June 30th (millions of CDN $) 250 • $200 million net of disposals for YTD 2026 213.1 201.5 • Excludes Right-of-Use asset additions and depreciation 200 (IFRS 16 – Leases) 164.0 148.1 • Approximately $470 million net capex estimated for 2026 150 Capital Spending Depreci
Slide 9: CCL
CCL Periods Ended June 30th (millions of CDN $) Three Months Ended Six Months Ended 2026 2025 Change (ex. FX) 2026 2025 Change (ex. FX) Sales $1,340.2 $1,229.7 +6% $2,592.0 $2,430.0 +5% Operating Income(1) $226.1 $204.3 +8% $436.9 $404.6 +6% % Sales 16.9% 16.6% 16.9% 16.7% EBITDA(1) $310.8 $282.2 +8
Slide 10: Avery
Avery Periods Ended June 30th Three Months Ended Six Months Ended (millions of CDN $) 2026 2025 Change (ex. FX) 2026 2025 Change (ex. FX) Sales $287.2 $266.1 +6% $557.2 $524.9 +6% Operating Income(1) $55.0 $50.6 +8% $107.2 $102.8 +4% % Sales 19.2% 19.0% 19.2% 19.6% EBITDA(1) $66.0 $60.7 +8% $128.5 $
Slide 11: Checkpoint
Checkpoint Periods Ended June 30th (millions of CDN $) Three Months Ended Six Months Ended 2026 2025 Change (ex. FX) 2026 2025 Change (ex. FX) Sales $251.0 $255.5 (3%) $491.5 $496.6 (1%) Operating Income(1) $34.7 $43.5 (22%) $66.4 $80.8 (19%) % Sales 13.8% 17.0% 13.5% 16.3% EBITDA(1) $49.5 $57.3 (16
Slide 12: Innovia
Innovia Periods Ended June 30th Three Months Ended Six Months Ended (millions of CDN $) 2026 2025 Change (ex. FX) 2026 2025 Change (ex. FX) Sales $231.8 $183.3 +26% $408.5 $370.2 +10% Operating Income(1) $34.8 $23.7 +46% $57.6 $50.8 +14% % Sales 15.0% 12.9% 14.1% 13.7% EBITDA(1) $48.5 $36.1 +33% $85
Slide 13: Outlook Commentary Q3
Outlook Commentary Q3 • CCL Segment orders solid, watching the memory chip effect on CCL Design closely • Avery direct-to-consumer growth and a stronger back to school season to drive gains • Checkpoint expects a sequentially better H2 but comps in MAS are tough on large scale technology rolls outs
Slide 14: Questions
Questions Page 14
Slide 15: Appendix: Definitions
Appendix: Definitions (1) Non-IFRS measure; see MD&A dated June 30, 2026 for definition. (2) Free Cash Flow from Operations (non-IFRS measure) = cash from operating activities less capital expenditures, net of proceeds from sale of property, plant and equipment. Page 15
Slide 16: Appendix: Segment Reporting
Appendix: Segment Reporting CCL Segment (“CCL”) CCL is a converter of pressure sensitive and extruded film materials for a wide range of decorative, instructional, security and functional applications for government institutions and large global customers in the consumer packaging, healthcare, chemi