Ardagh Metal Packaging S.a. · NYSE:AMBP
Ardagh Metal Packaging — Q2 2026 Earnings Presentation
17 slides from Ardagh Metal Packaging's earnings presentation, Jul 23, 2026
Slide 1: Ardagh Group S.A. Second Quarter 2026 Update
Ardagh Group S.A. Second Quarter 2026 Update July 23, 2026 Mark Porto Todd Brents Executive Chair, Ardagh Group CFO, Ardagh Group Alexander Kuzan - CEO, Ardagh Glass Packaging - Europe Brian Brandstatter - CEO, Ardagh Glass Packaging – North America Paul Curnow - CEO, Ardagh Glass Packaging - Africa
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward-looking statements relating to the business, financial performance and results of Ardagh Group S.A., its consolidated subsidiaries and/or the industry and markets in which it operates. Forward-looking statements are not histori
Slide 3: Introduction
Introduction 3
Slide 4: Ardagh Group Overview
Ardagh Group Overview Summary 2025 financials and footprint overview Ardagh Metal Packaging (AMP) Ardagh Glass Packaging (AGP) Group*** (NYSE-listed 76%-owned)* (100%-owned)** Financials Revenue $5.5 billion $4.1 billion $9.6 billion Adjusted EBITDA $739 million $675 million $1.4 billion Operations
Slide 5: Global Footprint
Global Footprint ArdashGroun @ #2 Global Glass #3 Global Beverage Can
Slide 6: Resilient Performance in Q2
Resilient Performance in Q2 Improved full year 2026 outlook for AMP, but AGP faces increased inflationary pressures Q2 Adjusted EBITDA growth of 6% driven by outperformance in AMP • AMP Q2 Adjusted EBITDA growth of 14% (+13% at constant currency), strongly ahead of expectations. Global shipments dec
Slide 7: Our Global AGP Strategy
CLEARLY -ARDAGH Our Global AGP Strategy D U fed) oO ~ @ © Aa~ \ Wy STRATEGIC CAPACITY & NETWORK EVOLUTION Matching market demand and deploying our people and resources in the right places to meet our customer needs END-TO-END PERFORMANCE Focusing relentlessly on efficiency and continuous improvement
Slide 8: Regional Updates Glass Packaging
Regional Updates Glass Packaging 8
Slide 9: Regional AGP snapshots
Regional AGP snapshots AGP global shipments increase by 3% in Q2 2026 2% decline in North America in Q2 5% increase in Europe & Africa in Q2 North America Europe Africa • 2% decline in Q2, driven by • 3% growth in Q2, primarily • 16% growth in Q2, cycling a weakness in the wine and driven by spirits
Slide 10: Q2 Financial review
Q2 Financial review 10
Slide 11: Ardagh Group key financial metrics
Ardagh Group key financial metrics Second quarter 2025 Three months ended Three months ended Change Change June 30, 2026 June 30, 2025 reported constant currency Revenue 2,794 2,482 13% 10% Loss for the quarter (126) (46) Pre-exceptional loss for the quarter (61) (29) Adjusted EBITDA 410 388 6% 4% 1
Slide 12: Financial bridge
Financial bridge Three months ended June 30, 2026 Revenue $m AMP AMP AGP AGP Group Europe Americas Europe & Africa North America Revenue Q2 2025 615 840 638 389 2,482 Movement 63 175 32 (6) 264 FX translation 20 - 28 - 48 Revenue Q2 2026 698 1,015 698 383 2,794 Adjusted EBITDA $m AMP AMP AGP AGP Gro
Slide 13: Ardagh Group net debt and available liquidity
Ardagh Group net debt and available liquidity At June 30, 2026 Amount drawn Undrawn amount $m ARGID Group * Unrestricted Group ** Total Group Senior Secured First Lien Notes 1,560 - 1,560 - Senior Secured Second Lien Notes 2,716 - 2,716 - South African Senior Facilities 494 - 494 25 Global Asset Bas
Slide 14: ARGID Group maturity profile
ARGID Group maturity profile* At June 30, 2026 ARGID Group Borrowings • Post the recapitalization, ARGID 4,500 Group** benefits from lower leverage, 4,000 lengthened maturities and enhanced 3,500 liquidity 3,000 $2,716 Debt ($m) 2,500 2,000 • Weighted average maturity on 1,500 outstanding bonds/seni
Slide 15: Supplemental information
Supplemental information 15
Slide 16: Reconciliation of loss for the period to Adjusted EBITDA
Reconciliation of loss for the period to Adjusted EBITDA Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 $m $m $m $m Loss for the period (126) (46) (295) (209) Income tax charge 2 21 27 17 Net finance expense 226 149 445 312 Depreciation and amortization 225 228 450 444 Exc
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