Accessibility StatementSkip Navigation LUXEMBOURG, Nov. 18, 2025 /PRNewswire/ -- Ardagh Metal Packaging S.A. (NYSE: AMBP) announces that it has published certain supplemental company information on its website. Such supplemental company information is available at the following url: https://ir.ardaghmetalpackaging.com/InvestorPresentationNov2025 About Ardagh Metal Packaging Ardagh Metal Packaging (AMP) is a leading global supplier of sustainable and infinitely recyclable metal beverage cans to brand owners ...

Industry Overview - The Zacks Metal Products - Procurement and Fabrication industry is experiencing strong demand across various end markets, with improvements in order levels and strategic pricing expected to help maintain margins despite tariff impacts [1][2][4] - The industry primarily includes metal processing and fabrication service providers that transform metal into parts and components used in sectors such as construction, aerospace, automotive, and more [3] Current Trends - The Institute for Supply Management's manufacturing index showed a slight increase to 49.1% in September from 48.7% in August, indicating a potential recovery in the industry [4] - The Production Index registered 50.3%, reflecting growth in fabricated metal products, while new orders showed renewed demand momentum despite overall contraction in the New Orders Index [4] Strategic Initiatives - Companies are implementing strategic pricing adjustments, cost-reduction initiatives, and productivity enhancements to tackle rising labor, freight, and fuel costs [5] - Diversification of supplier bases and modifications to supply chains are also being pursued to mitigate tariff impacts [5] Growth Catalysts - Emphasis on automation and cost-effective technical solutions is positioning the industry for future growth, with expected demand increases in manufacturing, aerospace, and automotive sectors [6] - Rapid industrialization in developing economies presents additional long-term growth opportunities [6] Industry Performance - The Zacks Metal Products - Procurement and Fabrication industry ranks 19, placing it in the top 8% of 243 Zacks industries, indicating positive near-term prospects [7] - Over the past year, the industry has grown 15.4%, lagging behind the sector's 20.5% rise but outperforming the Zacks S&P 500 composite's 3.5% increase [10] Valuation Metrics - The industry is currently trading at a trailing 12-month EV/EBITDA ratio of 17.38X, compared to the S&P 500's 17.93X and the Industrial Products sector's 19.57X [13] Company Highlights - **Century Aluminum (CENX)**: Investing $50 million to restart over 50,000MT of idled production, expected to boost U.S. aluminum production by nearly 10% [19] - **Ardagh Metal Packaging (AMBP)**: Anticipating 3% growth in shipments and has raised its adjusted EBITDA guidance for 2025 to $720-$735 million [24] - **TriMas Corporation (TRS)**: Forecasting consolidated sales growth at the higher end of the 8-10% range for full-year 2025, driven by strong demand in its packaging segment [28] - **GrafTech International (EAF)**: Sales volume rose 9% year-over-year, with a strong focus on the U.S. market and an expected 8-10% increase in sales volume for 2025 [32]

Core Insights - Beverage packaging manufacturers are facing challenges due to changing consumer preferences, spending power, and policy impacts across different regions [1] Company Performance - Crown Holdings reported a 5% decline in Americas Beverage volumes in Q3, following a 10% growth in the same quarter last year, primarily due to a 15% volume drop in Brazil and Mexico [3] - Ardagh Metal Packaging experienced a 1% year-over-year dip in global beverage can shipments in Q3, with a 3% decline in the Americas and a 2% growth in Europe [4] - Despite challenges, Ardagh's North American shipments grew by 1%, while Brazilian volumes fell by 17% [4] Market Trends - There is strong customer demand for nonalcoholic beverages in cans in North America, with Ardagh maintaining a full-year shipment growth guidance of mid-single-digit percentage [5] - Market research indicates that nearly half of Americans plan to drink less alcohol in 2025, prompting major beer distributors to adapt [7] Future Outlook - Crown Holdings' CEO expressed optimism about the resilience of beverage cans, predicting volume growth by 2026 [4] - Ardagh is planning projects to retrofit production lines for better adaptability to different can sizes [6]

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q3 2025 grew by 6% year-over-year, reaching $208 million, which is at the upper end of guidance [3][12] - Year-to-date global volumes are up over 3% compared to the previous year, despite Q3 volumes being below expectations [3][4] - The company expects full-year adjusted EBITDA to be in the range of $720 to $735 million based on current FX rates [12] Business Segment Data and Key Metrics Changes - In Europe, Q3 revenue increased by 9% to $625 million, with a 2% growth in shipments driven by energy drinks and other fast-growing categories [4][6] - Adjusted EBITDA in Europe for Q3 increased by 4% to $82 million, but decreased by 4% on a constant currency basis due to input cost recovery challenges [5][6] - In the Americas, Q3 revenue rose by 8% to $803 million, with adjusted EBITDA also increasing by 8% to $126 million, supported by lower operational costs [6][7] Market Data and Key Metrics Changes - North America shipments increased by 1% in Q3, with year-to-date shipments up by 5% [7][8] - In Brazil, Q3 beverage can shipments decreased by 17% due to a weak industry backdrop, but year-to-date shipments are down only 1% [8][9] - The company anticipates a modest impact on Q4 performance in North America if supply chain conditions remain stable [8] Company Strategy and Development Direction - The company is progressing its sustainability agenda, targeting a 10% annual reduction in Scope 1 and 2 emissions and a 14% reduction in Scope 3 emissions by 2024 [4] - The company expects to see a transition year in 2026, with growth anticipated in 2027 due to contracted additional filling locations and ongoing market growth [8][24] - The company is focusing on flexibility in production to better target growth categories and minimize reliance on the beer segment [62] Management's Comments on Operating Environment and Future Outlook - Management noted that while demand elasticity is not currently significant, there are risks for 2026 due to potential increases in aluminum costs [16][17] - The outlook for 2026 is cautious, with expectations of low single-digit growth in North America and Brazil, while Europe is expected to grow at 3% to 4% [17][51] - Management expressed optimism about the beverage can's growth potential in Europe, citing underpenetration relative to other geographies [33] Other Important Information - The company ended the quarter with over $600 million in liquidity and a net leverage ratio of 5.2 times adjusted EBITDA [10] - The company announced a quarterly ordinary dividend of $0.10 per share [11] Q&A Session Summary Question: Can you discuss the effects of demand elasticity and aluminum pricing? - Management indicated that there is not a significant impact from demand elasticity at this point, but risks exist for 2026 due to potential aluminum cost increases [16] Question: What is the outlook for North America growth in 2026? - Management expects North America to grow at 1% to 2%, reflecting caution regarding inflation in can pricing [17] Question: How is the company addressing the transition to smaller formats in Europe? - The company is undertaking projects to convert lines for greater flexibility and agility in production to capture growth in faster-growing categories [62] Question: What are the expectations for beer consumption trends in Europe? - Management believes it is too early to call a secular shift in beer consumption but acknowledges a poor year and expects strategies to reverse this trend in 2026 [70] Question: How will aluminum conversion costs impact operations next year? - Management does not expect major savings but anticipates a moderation of headwinds from aluminum costs compared to the previous year [72]

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q3 2025 grew by 6% year-over-year, reaching $208 million, which is at the upper end of guidance [3][12] - Year-to-date global volumes are up over 3% compared to the previous year, despite Q3 volumes being below expectations [3][4] - The net leverage ratio improved to 5.2x, a decline of 0.4x from Q2 2024, reflecting adjusted EBITDA growth [10] Business Segment Data and Key Metrics Changes - In Europe, Q3 revenue increased by 9% to $625 million, with adjusted EBITDA rising by 4% to $82 million [4][5] - In the Americas, Q3 revenue increased by 8% to $803 million, with adjusted EBITDA also increasing by 8% to $126 million [6][7] - Brazil's beverage can shipments decreased by 17% in Q3 due to a weak industry backdrop, but year-to-date shipments are down only 1% [8][9] Market Data and Key Metrics Changes - European shipments grew by 2% in Q3, driven by energy drinks and other fast-growing categories, despite weakness in the beer category [4][5] - North American shipments increased by 1% in Q3, with year-to-date shipments up by 5% [7][8] - The Brazilian market is expected to return to growth in 2026, with full-year shipments anticipated to be broadly in line with the prior year [9] Company Strategy and Development Direction - The company is focused on sustainability, aiming for a 10% annual reduction in Scope 1 and 2 emissions and a 14% reduction in Scope 3 emissions by 2024 [4] - The company anticipates a transition year in 2026 for North America, with expected industry growth of low single-digit percentages [8][24] - The company is investing in flexibility for production lines to better adapt to market dynamics and changing consumer preferences [63] Management's Comments on Operating Environment and Future Outlook - Management noted that while Q3 was weaker than expected, they remain optimistic about Q4 performance, particularly in North America [8][12] - The company expects to see earnings growth in 2026 over 2025, driven by operational cost savings and improved market conditions [51][52] - Management highlighted that the beer category in Europe had a poor year but does not expect this to be a long-term trend [70][72] Other Important Information - The company announced a quarterly ordinary dividend of $0.10 per share [11] - Full-year adjusted EBITDA guidance has been upgraded to a range of $720 million to $735 million [12] Q&A Session Summary Question: Can you discuss the effects of demand elasticity and aluminum pricing? - Management indicated that there is currently not a significant impact from demand elasticity, but there may be risks in 2026 as hedges roll off [16][17] Question: What is the outlook for North America in 2026? - Management expects North America to grow at a market level of 1%-2% in 2026, with some softness anticipated due to contract resets [17][24] Question: How is the company addressing growth in Europe? - Management stated that Europe remains a tight market, and they are planning projects to improve capacity and flexibility [27][28] Question: What are the expectations for aluminum costs and their impact? - Management noted that while there are no major savings expected, the step-up in costs from this year will moderate significantly [72] Question: How is the company managing supply chain issues? - Management expressed optimism about resolving supply chain issues and does not foresee risks to industry volumes from metal supply in 2026 [65][66]

Financial Data and Key Metrics Changes - Adjusted EBITDA grew by 6% year-over-year, reaching $208 million, which was at the upper end of guidance [4][14] - Year-to-date global volumes increased by over 3% compared to the previous year, despite being below expectations for the quarter [4][5] - The company expects full-year adjusted EBITDA to be in the range of $720 million to $735 million based on current FX rates [14] Business Segment Data and Key Metrics Changes - In Europe, Q3 revenue increased by 9% to $625 million, or 3% on a constant currency basis, primarily due to volume growth [5][6] - Adjusted EBITDA in Europe rose by 4% to $82 million, although it decreased by 4% on a constant currency basis due to input cost recovery headwinds [6] - In the Americas, revenue increased by 8% to $803 million, with adjusted EBITDA also rising by 8% to $126 million, supported by lower operational costs [7][8] Market Data and Key Metrics Changes - In Brazil, beverage can shipments decreased by 17% due to a weak industry backdrop, with beer can volumes falling by around 14% [10][11] - North America shipments increased by 1% for the quarter, with year-to-date shipments up by 5% [7][10] - The company anticipates a modest impact on Q4 performance due to supply chain issues but maintains guidance for mid-single-digit growth in North America shipments for the full year [9][10] Company Strategy and Development Direction - The beverage can segment continues to benefit from innovation and share gains, with a focus on sustainability and reducing emissions [5][14] - The company expects a transition year in 2026, with growth anticipated in 2027 due to contracted additional filling locations and ongoing market growth [10][14] - The company is upgrading its full-year adjusted EBITDA guidance, reflecting resilient performance across segments [14] Management's Comments on Operating Environment and Future Outlook - Management noted that while demand elasticity is not significantly impacting sales currently, there are risks for 2026 due to potential higher aluminum costs [20][21] - The outlook for the beer category in Europe is cautious, with expectations for stabilization in 2026 [85][86] - Management expressed optimism about the North American market, citing strong customer demand for non-alcoholic beverages [9][10] Other Important Information - The company ended the quarter with a robust liquidity position of over $600 million and a net leverage ratio of 5.2 [12][13] - The quarterly ordinary dividend announced was $0.10 per share [13] Q&A Session Summary Question: Effects of demand elasticity and alumina pricing - Management indicated that there is currently no significant impact from demand elasticity, but risks may arise in 2026 as hedges roll off [20][21] Question: Growth expectations in North America and Brazil - Management expects North America to grow at a market level of 1% to 2% in 2026, with Brazil anticipated to return to growth [10][21] Question: Capacity and footprint in Europe - Management confirmed that the European market remains tight, with no changes to the timing of needing new capacity [39][40] Question: Input cost recovery in Europe - Management noted that input cost recovery challenges are primarily related to European aluminum prices, which have been impacted by energy costs [57][58] Question: Aluminum pricing and promotional activity - Management acknowledged that rising aluminum prices could lead to inflation on the shelf, impacting volumes, but remains cautiously optimistic about growth [101][102] Question: Transition to new product categories - Management is implementing projects to increase flexibility in production lines to better capture growth in faster-growing categories [75][76]

Exhibit 99.1 INDEX TO THE UNAUDITED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Ardagh Metal Packaging S.A. Unaudited Consolidated Interim Financial Statements | Consolidated Interim Income Statement for the three months ended September 30, 2025 and 2024 | 2 | | --- | --- | | Consolidated Interim Income Statement for the nine months ended September 30, 2025 and 2024 | 3 | | Consolidated Interim Statement of Comprehensive Income for the three and nine months ended September 30, 2025 and | | | 2024 | 4 | | Cons ...

Ardagh Metal Packaging S.A. Third Quarter 2025 Update October 23, 2025 Oliver Graham CEO Stefan Schellinger CFO 1 Disclaimer Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts and are inherently subject to known and unknown risks and uncertainties, many of which may be beyo ...

Group 1: Earnings Performance - Ardagh Metal Packaging S.A. reported quarterly earnings of $0.08 per share, exceeding the Zacks Consensus Estimate of $0.07 per share, with an earnings surprise of +14.29% [1] - The company has surpassed consensus EPS estimates for four consecutive quarters [2] - Revenue for the quarter ended September 2025 was $1.43 billion, surpassing the Zacks Consensus Estimate by 2.71%, compared to $1.31 billion in the same quarter last year [2] Group 2: Stock Performance and Outlook - Ardagh Metal Packaging shares have increased by approximately 23.9% since the beginning of the year, outperforming the S&P 500's gain of 13.9% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $0.01 on revenues of $1.26 billion, and $0.18 on revenues of $5.37 billion for the current fiscal year [7] Group 3: Industry Context - The Metal Products - Procurement and Fabrication industry, to which Ardagh belongs, is currently ranked in the top 9% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]

Group 1 - Ardagh presents an attractive risk/reward setup with potential upside of up to 60% [1] - The potential valuation re-rate could stem from improvements in the company's capital structure, which would reduce associated risks [1] - The focus is on special situations and deep value plays, with an openness to long/short positioning to capture market inefficiencies [1] Group 2 - Long positioning aims to identify asymmetric opportunities where downside risk is limited and upside potential is underestimated by the market [1] - Examples of such opportunities include restructurings, spin-offs, and takeover targets [1]