Core Viewpoint - Ardagh Metal Packaging (AMBP) is experiencing a potential turnaround with signs of volume growth and improved cash flow, despite previous capital losses and concerns over capital allocation priorities [2][4][15] Financial Performance - AMBP reported a total revenue increase of 1% to $1.14 billion, with a gross profit increase of nearly 10% due to a 1% decrease in COGS [7] - The company experienced volume growth of 11% in the Americas, including a 13% increase in North America [4] - Adjusted EBITDA for Q1 2024 was $134 million, a 3% increase year-over-year, with guidance for Q2 2024 set at $170 million, indicating a potential 25% quarter-over-quarter increase [10][15] Cash Flow and Capital Expenditure - AMBP's operating cash flow was negative at $338 million, primarily due to a $423 million investment in working capital [9][10] - After adjustments, the underlying sustaining free cash flow was positive at $39 million, or $0.065 per share, although this is insufficient to cover dividend payments [10] - The company anticipates sustaining capex of around $120 million for the year, which is less than half of the depreciation expenses, leading to a projected net sustaining free cash flow of approximately $236 million [10][12] Debt Management - AMBP has a net debt of $3.35 billion, approximately six times the lease-adjusted EBITDA, with no immediate pressure on funding as the first bond matures in 2027 [14] - The company is encouraged to utilize free cash flow to buy back bonds trading below par to accelerate debt reduction [14] Investment Outlook - The company is expected to meet its adjusted EBITDA guidance for the current quarter, with a strong volume momentum continuing into April [15] - Despite concerns over capital allocation and corporate governance, the stock remains reasonably priced, and a lower debt ratio could enhance market confidence in AMBP's recovery [15]

Ardagh Metal Packaging S.A. First Quarter 2024 Update Oliver Graham CEO David Bourne CFO 25th April 2024 1 Disclaimer Forward-Looking Statements Thispresentationcontains"forward-lookingstatements"withinthemeaningofSection27AoftheU.S.SecuritiesActof1933,asamendedandSection21EoftheU.S.Securities ExchangeActof1934,asamended.Forward-lookingstatementsarenothistoricalfactsandareinherentlysubjecttoknownandunknownrisksanduncertainties,manyofwhich maybebeyondourcontrol.Wecautionyouthattheforward-lookinginformati ...

Ardagh Metal Packaging S.A. (NYSE:AMBP) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants Stephen Lyons - IR Oliver Graham - CEO David Bourne - CFO Conference Call Participants Anthony Pettinari - Citi Michael Roxland - Truist Securities George Staphos - Bank of America Stefan Diaz - Morgan Stanley Curtis Woodworth - UBS Arun Viswanathan - RBC Capital Markets Ning Yang - Jupiter Asset Management Paul Simenauer - BNP Paribas Gabriel Hajde - Wells Fargo Securities Operator Welco ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATIONSTATEMENTPURSUANTTOSECTION12(b)OR(g)OFTHESECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUALREPORTPURSUANTTOSECTION13OR15(d)OF THESECURITIESEXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...

Exhibit 99.1 ArdaghMetalPackaging Annual Report For the Year Ended December 31, 2023 Ardagh Metal Packaging S.A. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Securities registered or to be registered pursuant to Section 12(b) of the Act. FORM 20-F (Mark One) □ REGISTRATIONSTATEMENTPURSUANTTOSECTION 12(b)OR(g) OFTHE SECURITIESEXCHANGE ACT OF 1934 OR ANNUALREPORTPURSUANTTOSECTION 130R15(d)OF THE SECURITIESEXCHANGEACT OF 1934 For the fiscal year ended December 31, 2023 OR TRANSITION ...

Ardagh Metal Packaging S.A. (NYSE:AMBP) Q4 2023 Earnings Conference Call February 22, 2024 11:00 AM ET Company Participants Stephen Lyons - Investor Relations Oliver Graham - Chief Executive Officer David Bourne - Chief Financial Officer Conference Call Participants Bryan Burgmeier - Citi Curt Woodworth - UBS Richard Phelan - Deutsche Bank Roger Spitz - Bank of America Ning Yang - Jupiter Asset Management Operator Welcome to the Ardagh Metal Packaging S.A. Fourth Quarter 2023 Results Call. Today's conferen ...

Table of Contents INDEX TO THE FINANCIAL STATEMENTS Ardagh Metal Packaging S.A. Audited Financial Statements | --- | |-------------------------------------------------------------------------------------------------------------------------| | | | Report of Independent Registered Public Accounting Firm ( PCAOB ID 1366 ) | | Consolidated Income Statement for the years ended December 31, 2023, 2022 and 2021 | | Consolidated Statement of Comprehensive Income for the years ended December 31, 2023, 2022 | | and 2 ...

Ardagh Metal Packaging S.A. (AMBP) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -75%. A quarter ago, it was expected that this company would post earnings of $0.06 per share when it actually produced earnings of $0.06, delivering no surprise.Over the last four quarters, the company ...

Looking to sell some materials stocks? The materials sector has always been the bedrock of the global economy, providing essential components for the functioning of various industries. However, in the last few years, the sector has faced slow growth, high interest rates and high inflation. Not only that, but this slowed demand is trickling down to various industries. While we are now seeing some recovery in materials, the threat of a hard landing and potential recession still puts investors on high alert. K ...

JohnnyGreig/E+ via Getty Images I have been digging up under covered and lesser known stocks recently. The most recent stock is Ardagh Metal Packaging S.A. (NYSE:AMBP). Ardagh is a Luxembourg-based company that supplies metal beverage cans for various uses such as beer/wine, energy drinks, soda, juices, teas, hard seltzers, and sparkling water. The company has some positive things going for it, which can help drive the stock higher in 2024 and beyond. Growth Catalysts Conditions are likely changing for ...