FIRST QUARTER 2022 EARNINGS APRIL 26,2022 | --- ...

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, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-9576 O-I GLASS, INC. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 22 ...

FULL YEAR AND FOURTH QUARTER 2021 EARNINGS FEBRUARY 1, 2022 | --- ...

Financial Data and Key Metrics Changes - For the full year 2021, adjusted earnings were reported at $1.83 per share, a 50% improvement from the prior year, with free cash flow of $282 million, exceeding original guidance [4][20]. - Fourth quarter adjusted earnings were $0.36 per share, also exceeding business outlook, while segment operating profit was $177 million, down $21 million from the prior year [21][22]. - Sales volumes increased by 5.3% in 2021, with production levels up 7.3%, significantly boosting earnings despite elevated cost inflation [5][21]. Business Line Data and Key Metrics Changes - In the Americas, segment operating profit was $99 million, down $27 million from the prior year, with shipments down 1.7% due to low inventory levels and elevated maintenance activity [23]. - In Europe, segment profit increased to $78 million, with shipments up 13% driven by strong demand in the wine category [24]. - Overall, the company achieved $70 million in benefits from margin expansion initiatives, exceeding the target of $50 million [13][21]. Market Data and Key Metrics Changes - Shipments improved by 1.1% from pre-pandemic levels in 2019, reflecting strong consumer preference for premium glass packaging [10]. - Strong demand continued into January 2022, with shipments up more than 3% from the prior year period [11]. - The company anticipates organic growth of 1% to 2% per year across its consolidated network as new capacity comes online [12]. Company Strategy and Development Direction - The company is focused on margin expansion, with plans to achieve higher selling prices to offset cost inflation and improve profitability [16][18]. - A $1.5 billion Portfolio Optimization Program is expected to be completed in 2022, supporting future expansion projects [32]. - The company aims to resolve legacy asbestos liabilities and further reduce pension plan risks by mid-2022 [18][32]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2022, expecting improved adjusted earnings and strong free cash flow despite anticipated challenges from cost inflation and divestitures [8][36]. - The company is actively managing supply chain challenges and has established strong relationships with customers to navigate glass shortages [43][54]. - Management noted that the demand for glass is robust, driven by consumer preferences for premium and sustainable products [54]. Other Important Information - The company reported a significant reduction in net debt to $4.1 billion, well below the 2021 target of $4.4 billion, reflecting improved cash flow and proceeds from divestitures [25][26]. - Free cash flow is expected to be at least $125 million in 2022, with adjusted free cash flow projected to exceed $350 million [29][31]. - The company plans to implement price increases effectively to recover inflation costs and improve margins [46][48]. Q&A Session Summary Question: Can you provide more details on the 1% volume growth guidance for 2022? - Management indicated that the growth is primarily driven by the Americas, with incremental productivity and line extensions in place to meet strong demand despite glass shortages [42][43]. Question: What are the assumptions for price cost recovery in 2022? - Management expects to fully recover inflation costs through implemented price increases, with inflation anticipated to exceed 2021 levels [46][47]. Question: How is the company managing project activity headwinds? - Management noted that project activity will be high in the first quarter but is expected to normalize thereafter, with ongoing efforts to mitigate risks and improve execution [60][61]. Question: What is the outlook for growth in Europe? - Management expressed confidence in sustained demand in Europe, driven by consumer preferences for premium products and local supply [53][54]. Question: How is the company addressing high European gas prices? - Management stated that they have a mature process for managing energy costs and are confident in their contracted energy prices [86].

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, 2021 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 ...

Financial Data and Key Metrics Changes - The company reported adjusted earnings of $0.58 per share for Q3 2021, exceeding guidance of $0.47 to $0.52 per share [6][21] - Segment operating profit was $243 million, significantly higher than the previous year, driven by higher selling prices that offset elevated cost inflation [21][22] - Year-to-date free cash flow was approximately $181 million, with expectations to exceed $260 million for the full year [26][31] Business Line Data and Key Metrics Changes - In the Americas segment, profit increased to $133 million from $113 million last year, despite a 3% decline in sales volume [23] - The European segment profit rose to $110 million from $88 million, with nearly 2% growth in sales volume, particularly in the wine category [24] - Production levels improved by 9% in the Americas, contributing to better operating performance [23][22] Market Data and Key Metrics Changes - Demand for glass containers remains strong, although shipments were down about 1% due to supply chain challenges [6][22] - The company noted strong growth in premium categories such as wine and beer in Europe, with high single-digit growth in beer in key markets [46][72] - The global market for glass is expected to grow at an average rate of 1.6% annually, with higher growth in principal regions [16] Company Strategy and Development Direction - The company is focused on margin expansion, targeting $60 million in initiative benefits for 2021, up from an initial target of $50 million [12] - The introduction of the MAGMA production line is part of the company's strategy to revolutionize glass production and enhance operational efficiency [13][18] - The company is actively pursuing a portfolio optimization program, including the sale of the Le Parfait brand for approximately $84 million [14][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in recovering inflation through pricing strategies in 2022, despite ongoing supply chain challenges [44][46] - The company anticipates fourth quarter adjusted earnings to be between $0.30 and $0.35 per share, with expectations of flat sales volume compared to the previous year [31][33] - Management highlighted strong demand fundamentals in Europe, particularly in the wine and beer categories, supporting confidence in price increases [46] Other Important Information - The company has entered into agreements for over $1 billion in asset sales as part of its divestiture program [14] - The net debt was reported at $4.3 billion, the lowest level since 2015, with a leverage ratio of around 3.6 times [27] - The company is addressing legacy liabilities through the Paddock Chapter 11 process, with a total consideration of $610 million for a reorganization plan [30] Q&A Session Summary Question: Impact of supply chain issues on volume and pricing - Management noted that external factors like input delays and labor shortages have led to reduced orders from customers, impacting volume by approximately 2-3% [42][45] - They expect to fully recover inflation through planned price increases in 2022, with solid demand fundamentals in Europe [44][46] Question: Response to potential aluminum shortages - The company is operating at high utilization levels and has a three-year plan for capacity expansions to address potential volume shifts from aluminum to glass [50] Question: Price cost recovery and contract coverage - Approximately 55% to 60% of the business is covered under long-term agreements with price adjustment formulas, while 40% to 45% is open market [53] Question: European energy issues and operational impact - Management has policies in place to mitigate energy price increases and does not foresee supply issues impacting operations [58] Question: Glass bottle shortages in North America - Demand for glass is strong, but tight inventories and reduced imports from China are compounding supply challenges [60] Question: Free cash flow outlook - The company expects free cash flow to remain positive but may dip in the next couple of years due to strategic capital investments [86] Question: Hard seltzer market opportunities - The company sees potential in the hard seltzer market, although its current share is small, and attributes of glass packaging align well with branding needs in this category [107]

SECOND QUARTER 2021 EARNINGS AUGUST 04, 2021 C | --- ...

O-I Glass, Inc. (NYSE:OI) Q2 2021 Earnings Conference Call August 4, 2021 8:00 AM ET Company Participants Chris Manuel - IR Andres Lopez - CEO John Haudrich - CFO Conference Call Participants Ghansham Panjabi - RW Baird George Staphos - Bank of America Mike Wilde - Bank of Montreal Mike Leithead - Barclays Adam Josephson - KeyBanc Salvator Tiano - Seaport Global Securities Kyle White - Deutsche Bank Gabe Hajde - Wells Fargo Lars Kjellberg - Credit Suisse Alton Stump - Longbow Research Arun Viswanathan - RBC ...

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, 2021 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 ...

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, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 (IRS Employer incorporation or organ ...