Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 22-2781933 (IRS Employer Identification No.) One Michael Owens Way, Perrysburg, Ohio (Address of principal executive offices) 43551 (Zip Code) Registrant's telephone number, including area code: (567) 336-5000 Securities registered pursuant to Section 12(b) of the Act: ...

O-I Glass, Inc. (NYSE:OI) Q4 2022 Earnings Conference Call February 1, 2023 8:00 AM ET Company Participants Christopher Manuel - Vice President of Investor Relations Andres Lopez - Chief Executive Officer John Haudrich - Chief Financial Officer Conference Call Participants Ghansham Panjabi - Baird Bryan Burgmeier - Stanton Mike Roxland - Truist Securities Kyle White - Deutsche Bank Arun Viswanathan - RBC Capital Markets Gabe Hajde - Wells Fargo Mike Leithead - Barclays Operator Hello, everyone and welcome t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9576 O-I GLASS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (IRS Employer inco ...

O-I Glass, Inc. (NYSE:OI) Q3 2022 Results Conference Call November 2, 2022 8:00 AM ET Company Participants Christopher Manuel - VP, IR Andres Lopez - CEO John Haudrich - CFO Conference Call Participants Ghansham Panjabi - Baird George Staphos - Bank of America Mike Roxland - Truist Securities Anthony Pettinari - Citi Mark Wilde - Bank of Montreal Kyle White - Deutsche Bank Gabe Hajde - Wells Fargo Arun Viswanathan - RBC Capital Markets Adam Josephson - KeyBanc Jay Mayers - Goldman Sachs Operator Hello, ever ...

e THIRD QUARTER 2022 EARNINGS NOVEMBER 2, 2022 SAFE HARBOR COMMENTS FORWARD-LOOKING STATEMENTS This presentation contains "forward-looking" statements related to O-I Glass, Inc. ("O-I" or the "company") within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements reflect the company's current expectations and projections about future events at the time, and thus involve uncertai ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9576 O-I GLASS, INC. (Exact name of registrant as specified in its charter) Delaware 22-2781933 (State or other jurisdiction of (IR ...

Financial Data and Key Metrics Changes - O-I Glass reported adjusted earnings of $0.73 per share for Q2 2022, a 35% increase from the prior year [6][31] - Segment operating profit rose to $257 million from $232 million year-over-year, with margins improving by 60 basis points despite foreign exchange headwinds [32][34] - Total financial leverage approximated four times at the end of Q2, the lowest level since prior substantial investments in the Americas network [35] Business Line Data and Key Metrics Changes - Glass shipments increased nearly 1% in Q2 2022, building on an 18% improvement in the prior year quarter [12] - The Americas segment posted a profit of $130 million, up $14 million from the prior year, while Europe saw a profit of $127 million, up $33 million [33][34] - The company expects full-year sales volume to increase by around 1% in 2022, supported by strong demand despite record low inventories [17] Market Data and Key Metrics Changes - Strong demand for glass is noted across various markets, with glass holding a 50% market share in Brazil's beer category [14] - In Europe, the conflict in Ukraine has reduced the availability of imported glass, driving demand for locally produced glass [16] - The company anticipates that its volumes each quarter in 2022 will exceed pre-pandemic levels [17] Company Strategy and Development Direction - O-I Glass is advancing its capital expansion and MAGMA development plans to adapt to current macro challenges while achieving financial targets [20][29] - The revised expansion plan aims for 5% to 6% organic volume growth and a 20% return on investment with lower total capital expenditures [25] - The company is focusing on smaller-scale projects to reduce construction costs and complexity, while also reactivating idle furnaces [26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about navigating potential recession signals due to solid glass demand fundamentals [46] - The company is well-prepared for potential disruptions from Russian natural gas curtailments in Europe, with 20% of its capacity already capable of running on oil [49][50] - The outlook for the second half of 2022 has improved, with adjusted earnings expected to range between $2.05 and $2.20 per share for the full year [44] Other Important Information - O-I Glass has achieved a resolution on legacy asbestos liabilities and is making progress on key strategic objectives [22] - The company has increased its full-year earnings and cash flow guidance, reflecting solid progress year-to-date [54] - The company is actively working on improving contract structures in North America to better pass through inflation [67] Q&A Session Summary Question: European exposure and flex capacity - Management indicated that 20% of capacity can switch to oil, with plans to increase this to 50% by year-end, providing flexibility against potential disruptions [62] Question: Price-cost segment variance in Europe - Management expects a long-term net price favorable variance, with consistent levels anticipated in the second half of the year [66] Question: MAGMA technology rollout and constraints - The revised plan focuses on smaller projects to mitigate risks associated with supply chain constraints, allowing for faster implementation [72][121] Question: Market share gains in Europe - Management noted improvements in customer perception and service efficiency, contributing to market share stability despite tight inventories [87] Question: Divestiture opportunities - The company has completed $1.3 billion of its $1.5 billion divestiture program, with one final sales leaseback expected soon [91] Question: Consumer behavior changes due to inflation - Management has not observed significant changes in consumer behavior affecting demand, citing strong underlying demand fundamentals [99] Question: Energy needs and hedging - Management expressed confidence in their long-term energy contracts and hedging strategies, ensuring stability in energy costs [105]

Financial Performance & Strategic Achievements - O-I Glass's Q2 2022 adjusted earnings per share (aEPS) reached $0.73, exceeding both the prior year's $0.54 and the guidance of >$0.65 [5] - Net sales increased by 7% year-over-year (14% on a currency-neutral basis), with sales volume growth of 0.6% [6] - Segment operating profit increased by 11%, leading to a 0.6% improvement in segment operating margin and a 35% increase in aEPS [6] - Total financial leverage reduced by 1.1x, reaching the lowest level since before the O-I Mexico acquisition in 2015 [5, 6] Guidance & Outlook - Full year 2022 business outlook increased, with updated guidance of $2.05 - $2.20 aEPS, $175 million+ free cash flow (FCF), and $400 million+ adjusted free cash flow (aFCF) [6] - FY22 Free cash flow is expected to be greater than or equal to $175 million and adjusted free cash flow is expected to be greater than or equal to $400 million, assuming approximately $600 million in capital expenditures [32] Capital Allocation & Portfolio Optimization - The company expects to complete its $1.5 billion portfolio optimization program in the second half of 2022 [16] - Revised capital expansion plan for 2022-2024 anticipates up to $630 million in expansion CapEx with a portfolio IRR of approximately 20% [17] MAGMA Program - Announced the first U S MAGMA greenfield project in Bowling Green, KY, targeting first shipments by mid-2024 [5] - Accelerating MAGMA Generation 2 and 3 development and commercialization [17]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9576 O-I GLASS, INC. (Exact name of registrant as specified in its charter) Delaware 22-2781933 (State or other jurisdiction of (I ...

Financial Data and Key Metrics Changes - O-I Glass reported adjusted earnings of $0.56 per share, a 60% increase from the prior year, significantly exceeding guidance due to better-than-expected shipments and production levels [5][32] - Segment operating profit rose to $231 million from $175 million year-over-year, driven by favorable net pricing and increased sales volume [33][36] - Shipments increased by 6.4% compared to the prior year, with a notable 10% growth in Europe [11][36] Business Line Data and Key Metrics Changes - The Americas segment reported a profit of $129 million, up from $100 million, reflecting over 3% sales volume growth and improved operating costs [35] - Europe’s segment operating profit increased to $102 million from $75 million, supported by nearly 10% higher shipments and effective margin expansion initiatives [35][36] Market Data and Key Metrics Changes - Demand for glass containers has been strong, particularly in Europe, driven by increased at-home dining and a rebound in on-premise consumption as markets reopen [12][14] - The conflict in Ukraine has displaced glass historically imported from the region, increasing demand for locally produced glass in Europe [13][14] Company Strategy and Development Direction - O-I Glass is focused on margin expansion initiatives and has raised selling prices to offset cost inflation, with a target of achieving $50 million in annual margin improvements [18][19] - The company is advancing its MAGMA initiative and optimizing its portfolio, with plans to resolve legacy asbestos liabilities by mid-2022 [9][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for the business outlook, expecting higher second-quarter results and raising the top end of earnings guidance for the year [10][43] - The company is navigating macroeconomic uncertainties, including elevated cost inflation and supply chain challenges, while maintaining strong operational performance [42][75] Other Important Information - O-I Glass has completed or entered into sales agreements totaling $1.3 billion as part of its portfolio optimization program [25][37] - The company is investing in renewable energy, with nearly one-third of its electricity now sourced from renewables, aiming for 40% by 2030 [23] Q&A Session Summary Question: What has driven the strong volume growth in Europe? - Management noted that demand has rebounded across multiple segments, including mineral water and wine, with local demand and exports contributing significantly [52][54] Question: What are the tax implications of the asbestos settlement? - The asbestos settlement payments are expected to be tax-deductible, but the timing of benefits will depend on the company's net loss carryforward position [56] Question: How is the MAGMA rollout progressing? - The rollout has faced delays due to supply chain issues, but the company is focusing on smaller, more manageable projects to meet its objectives [62][65] Question: How are energy prices affecting the business? - The company has been proactive in managing energy costs and has implemented price increases to offset inflation, with plans to invest in alternative energy sources for the long term [86][88] Question: What is the outlook for free cash flow? - Free cash flow expectations remain stable, with potential for improvement if earnings continue to outperform guidance [117][120]