Financial Data and Key Metrics Changes - Reported sales for Q2 2021 increased over 13% to a record $3.4 billion, driven by organic volume growth of 5% and higher selling prices due to cost inflation [21][22][23] - Operating EBITDA rose by 9% to a quarterly record of $590 million, with adjusted earnings per share increasing by 34% to $1.59 [23][24] - Free cash flow for the last four quarters totaled $951 million, with over $1.3 billion in debt paid down over the past six quarters [35][36] Business Line Data and Key Metrics Changes - Consumer Packaging International division saw a 9% revenue improvement, with a 4% increase in organic volumes [25] - Consumer Packaging North America division's net sales increased by 15% to $731 million, driven by a 5% increase in organic volumes [28] - Health, Hygiene, & Specialties division delivered sales of $781 million, a 21% increase, with organic volume growth of 8% [30] - Engineered Materials division's sales were up 15% to $798 million, with organic volume growth of 3% [33] Market Data and Key Metrics Changes - Strong performance in at-home food and health-related products, while food service and industrial markets are recovering [26][30] - Emerging markets, particularly in China and India, showed stronger growth compared to developed markets [25] Company Strategy and Development Direction - The company aims to consistently grow organic volumes and improve its balance sheet, with a target leverage below 4 times net-debt-to-adjusted-EBITDA [17][18] - Continued investment in sustainability and circular economy initiatives, including a $70 million investment to enhance manufacturing capabilities for recycled content [48][49] - Focus on faster-growing segments and emerging markets, with a commitment to innovation in sustainable packaging solutions [46][48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to achieve low-single-digit growth despite potential challenges in the second half of fiscal 2021 [58][60] - Anticipated moderation in resin prices, with expectations for a more normalized environment in the latter half of the year [62][64] - The company remains committed to passing through inflationary costs to customers while prioritizing service and supply [70][72] Other Important Information - The company has reduced its leverage to 4 times and aims to maintain it within a range of 3 to 3.9 times going forward [35][99] - Continued focus on cash flow generation to support debt reduction and potential shareholder returns through dividends and share buybacks [99] Q&A Session Summary Question: Recovery curve specific to the 35% of the portfolio affected by COVID - Management indicated that the benefits of COVID are expected to end by the June quarter, with a diversified portfolio supporting growth [56][58] Question: Outlook on resin price trends - Management expects resin prices to plateau, with a lag in cost pass-through impacting results for the full year [61][64] Question: Pricing actions taken to recover non-resin costs - Ongoing efforts to pass through inflationary costs, with a focus on shortening the lag in cost recovery [66][70] Question: Volume growth expectations for the second half - Management anticipates positive volume growth across segments, with some businesses expected to perform better than average due to previous pandemic impacts [112][114] Question: Opportunities for organic growth - Key opportunities identified in health and wellness, e-commerce, and sustainability, with significant investments made in these areas [101][102]

Financial Highlights - The company achieved record quarterly operating EBITDA of $590 million[12, 44] - Revenue reached a record $3.4 billion[12] - Adjusted EPS grew by 34% to $1.59[12] - Organic volume growth was +5%[10, 12] - Free cash flow was $951 million[23] Segment Performance (Second Fiscal Quarter 2021) - Consumer Packaging - North America: Net sales were $731 million with operating EBITDA of $133 million, volumes increased by 5%[19] - Consumer Packaging - International: Net sales were $1060 million with operating EBITDA of $186 million, volumes increased by 4%[18] - Health, Hygiene & Specialties: Net sales were $781 million with operating EBITDA of $157 million, volumes increased by 8%[20] - Engineered Materials: Net sales were $798 million with operating EBITDA of $114 million, volumes increased by 3%[21, 22] Fiscal Year 2021 Outlook - The company is raising its full-year operating EBITDA guidance by +$50 million to $2.25 billion[10, 31] - The company is increasing its full-year organic volume growth assumption to +5%[10, 31]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 3, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-35672 BERRY GLOBAL GROUP, INC. A Delaware corporation 101 Oakley Street, Evansville, Indiana, 47710 (812) 424-2904 IRS emp ...

Financial Data and Key Metrics Changes - The first fiscal quarter reported sales increased over 11% to a record $3.1 billion, with organic volume growth of 11%, of which 4% was attributed to additional shipping days, resulting in a comparable organic volume growth of 7% [18][10] - Operating EBITDA for the quarter increased by 20% to a record $539 million, driven by strong volumes and realized cost synergies [19][20] - Adjusted earnings per share increased by 100% to $1.12, benefiting from EBITDA improvements and interest expense savings from debt reduction [20][21] - Free cash flow for the last four quarters exceeded $1 billion, with a reduction in leverage from 4.8x to 4.1x net debt to adjusted EBITDA [29][12] Business Line Data and Key Metrics Changes - Consumer Packaging International division delivered sales of just under $1 billion with EBITDA of $170 million, showing a 4% increase in comparable organic volumes driven by strength in consumer markets [22][23] - Consumer Packaging North America saw net sales up 12% to $686 million, with an 8% increase in comparable organic volumes [24] - Health Hygiene and Specialties division reported sales of $740 million, a 21% increase, with comparable organic volume growth of 15% [26][27] - Engineered Materials division sales increased by 9% to $722 million, with comparable organic volume growth of 2% [28] Market Data and Key Metrics Changes - The company experienced strong demand across various markets, with notable growth in stay-at-home food, health and wellness, and personal protective products [11][10] - Developed markets like Western Europe saw 2% volume growth, while emerging markets such as China and India exhibited robust growth [23] Company Strategy and Development Direction - The company aims to grow organic volumes and improve its balance sheet, with a focus on maintaining leverage below 4x [12][13] - Investments are being made in faster-growing end markets and emerging markets, with a commitment to sustainability and innovation in product offerings [38][45] - The company is actively working to pass through raw material cost increases to customers, with an updated guidance reflecting a $50 million timing lag related to inflation [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to achieve long-term predictable and sustainable growth, supported by customer-linked capital investments [16][36] - The company raised its fiscal year operating EBITDA guidance by $25 million and increased its organic volume growth assumption from 2% to 4% for the full year [32][33] - Management acknowledged significant cost increases in primary raw materials, particularly resin, and emphasized efforts to mitigate these impacts [14][15] Other Important Information - The company has a strong commitment to safety, with an OSHA incident rate significantly better than the industry average [9][8] - The company has made significant progress in sustainability initiatives, including investments in recycled content and innovations in product design [42][46] Q&A Session Summary Question: Inquiry about raw material pass-throughs - Management is actively working to pass through inflation related to both resin and non-resin costs, with improvements in reducing lag times [51] Question: Visibility into customer demand - Management noted robust demand and a strong pipeline, leading to increased organic volume growth expectations [52] Question: Clarification on organic volume growth - Management explained that the December quarter's performance was influenced by holiday impacts and ongoing recovery in industrial markets [54][56] Question: Impact of inflation on guidance - Management confirmed that the $50 million inflation impact is based on February price increases, with no assumptions beyond that [57] Question: Value creation and margin improvement - Management indicated that new product areas are expected to maintain or exceed company average margins, with plans for cash returns to shareholders once leverage targets are met [60][62] Question: Sustainability and customer willingness to pay - Management highlighted that while there is a strong interest in sustainable products, the current capacity is not sufficient to meet all customer needs [64] Question: Capital investment in wipes and masks - Management expressed confidence in the growing demand for wipes and the strategic nature of investments in this area [68][69] Question: EBITDA guidance and price cost assumptions - Management noted that the first quarter saw a modest benefit from price cost, but anticipated headwinds in Q2 and Q3 due to inflation [70] Question: Update on HHS mix headwinds - Management extended the expected mix benefits into the March quarter, reflecting ongoing strong demand [72] Question: Customer decision-making in sustainability - Management emphasized the importance of providing a range of solutions to meet customer sustainability objectives [74][75]

Fiscal 2021 - 1stQuarter Earnings Conference Call Supplement Thomas E. Salmon – Chairman and CEO Mark W. Miles – CFO Friday, February 5, 2021 'Always Advancing to Protect What's Important' Safe Harbor Statements and Important Information Forward-Looking Statements Statements in this presentation that are not historical, including statements relating to the expected future performance of the Company, are considered "forward looking" within the meaning of the federal securities laws and are presented pursuant ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 2, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-35672 BERRY GLOBAL GROUP, INC. A Delaware corporation 101 Oakley Street, Evansville, Indiana, 47710 (812) 424-2904 IRS e ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended September 26, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ BERRY GLOBAL GROUP, INC. Commission File Number 001-35672 A Delaware corporation 101 Oakley Street, Evansville, Indiana, 47710 (812) 424-2904 IRS employ ...

Berry Global Group, Inc. (NYSE:BERY) Q4 2020 Earnings Conference Call November 19, 2020 10:00 AM ET Company Participants Dustin Stilwell - Head, IR Tom Salmon - CEO & Chairman Mark Miles - CFO & Treasurer Conference Call Participants Arun Viswanathan - RBC Capital Markets Ghansham Panjabi - Robert W. Baird & Co. George Staphos - Bank of America Merrill Lynch Duffy Fischer - Barclays Neel Kumar - Morgan Stanley Adam Josephson - KeyBanc Capital Markets Josh Spector - UBS Anthony Pettinari - Citi Gabe Hajde - ...

| --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------| | | | | | Fourth Quarter and Fiscal Year 2020 Results Earnings Conference Call Supplement (Unaudited Results) Thomas E. Salmon – Chairman and CEO Mark W. Miles – CFO | | | Safe Harbor Statements and Important Information 2 2 Forward-Looking Statements Statements in this presentation that are not historical, includi ...

Investor Presentation Always Advancing to Protect What's Important August 2020 Safe Harbor Statements Forward-Looking Statements Statements in this presentation that are not historical, including statements relating to the expected future performance of the Company, are considered "forward looking" and are presented pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements because they contain words such as "believes," "expect ...