Financial Data and Key Metrics Changes - The company reported adjusted earnings of $0.35 per share for Q1 2021, which was in the middle of the original guidance range but down from $0.41 last year due to recent divestitures [7][37] - Segment profit for the first quarter was $175 million, comparable to last year, despite a $40 million impact from severe weather [38] - Cash flow was favorable compared to historic trends, with a $149 million use of cash in Q1, significantly better than previous years due to improved working capital management [45] Business Line Data and Key Metrics Changes - In the Americas, segment profit was $100 million, down from $103 million last year, with shipments down slightly but underlying demand up about 1.5% when adjusted for severe weather [41] - In Europe, segment profit increased to $75 million from $61 million last year, driven by favorable foreign exchange and higher sales volumes, which increased by 2% [42] Market Data and Key Metrics Changes - Overall shipments were flat year-over-year but up approximately 1.5% when excluding severe weather impacts [13] - Demand for healthy sustainable glass containers remained strong, with expectations of double-digit demand growth compared to 2020 levels as markets recover [16][17] Company Strategy and Development Direction - The company aims to expand margins with targeted gross initiative benefits of $50 million, achieving $35 million in the first quarter [19] - A significant milestone was reached with the startup of the first full-scale MAGMA line in Germany, which is expected to be commercialized by mid-year [22] - The company is focused on optimizing its structure, including divestitures, with $900 million of asset sales completed to date [25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the business outlook, expecting second quarter adjusted earnings to approximate $0.45 to $0.50 per share, a significant improvement from the prior year [12][51] - The company anticipates a recovery in shipments, expecting more than 15% growth in the second quarter compared to the previous year [52] Other Important Information - The company reached an agreement in principle for a resolution of legacy asbestos-related liabilities, with a total consideration of $610 million to fund a trust [30][49] - The company is committed to sustainability, emphasizing the recyclability of glass and ongoing efforts to improve recycling rates in the U.S. [32][95] Q&A Session Summary Question: Impact of regional dynamics on volume mix outlook - Management noted that despite strong lockdowns in Europe, demand remains high, particularly for beer, and they expect to retain some gains from off-premise sales as on-premise consumption rebounds [61][62] Question: Timeline and milestones for asbestos resolution - Management indicated that the process is expected to be measured in months, not years, with several steps required before final approval by the bankruptcy courts [70] Question: Accelerated cost reduction activities - Management clarified that the savings achieved are intended to be permanent, with specific tactics including labor optimization and procurement improvements [73][74] Question: Capacity constraints and volume left on the table - Management stated it is difficult to quantify the exact volume lost due to capacity constraints but confirmed that additional capacity would lead to increased sales [90] Question: Glass recycling rates and sustainability efforts - Management acknowledged that recycling rates in the U.S. are not as high as in Europe and emphasized ongoing efforts to improve systems and educate communities about glass recycling [95][120]

FIRST QUARTER 2021 EARNINGS APRIL 29, 2021 | --- ...

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, 2020 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 ...

Financial Data and Key Metrics Changes - The company reported adjusted earnings of $1.22 per share for 2020, down from $2.24 in the prior year, significantly impacted by the pandemic [39] - Fourth quarter adjusted earnings were $0.40 per share, exceeding guidance of $0.30 to $0.35 [9] - Free cash flow for 2020 was $146 million, a substantial improvement from the prior year and above the guidance of at least $100 million [45] Business Line Data and Key Metrics Changes - Full year volumes were down 4%, with a significant decline concentrated in the second quarter due to the pandemic [10][12] - Segment operating profit for the fourth quarter was $200 million, compared to $203 million in the prior year [50] - The Americas region saw a profit of $127 million, up $12 million from the prior year, with sales volume up 2.4% during the quarter [53] Market Data and Key Metrics Changes - Glass shipments were stable in the second half of 2020, with a rebound in demand starting in June [12][14] - The company expects total shipments to increase by 2% to 4% in 2021 compared to 2020, reflecting a partial to full recovery back to 2019 levels [18] - In January 2021, total shipments were down about 2%, primarily due to restrictive lockdowns in some European markets [16] Company Strategy and Development Direction - The company is focused on margin expansion, revolutionizing glass production through the MAGMA initiative, and optimizing its structure [33][36] - A divestiture program is expected to yield $400 million to $500 million in proceeds by the end of 2021, which will be used to improve the balance sheet and fund growth initiatives [49] - The company is enhancing its sustainability initiatives, aiming to increase U.S. glass recycling rates to 50% by 2030 [32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about 2021, expecting significant improvements in earnings and cash flows as markets stabilize [11][57] - The company noted that while demand trends may remain choppy due to the pandemic, they anticipate a recovery in volumes as lockdowns are lifted [68] - Management highlighted the importance of consumer preferences for glass packaging, which is expected to support demand [67] Other Important Information - The company implemented a robust COVID response plan that aligned supply with demand and reduced inventory days by nine [21] - The MAGMA technology is expected to revolutionize glass production, with the first generation line in Germany set to go live soon [22][35] - The company has appointed a Chief Sustainability Officer to enhance its ESG leadership [28] Q&A Session Summary Question: What kind of embedded operating backdrop do you have for your volume assumptions of 2% to 4%? - Management indicated that the 2% to 4% range assumes a gradual reopening of markets, with 4% reflecting a quick recovery and 2% accounting for potential periodic lockdowns [74] Question: Can you quantify the potential benefit to O-I if tariffs on spirits were lifted? - Management stated that they do not have a quantifiable number at this time as the situation is evolving [90] Question: How much of the $155 million impact from lower production can be recovered? - Management noted that margin expansion initiatives and improved production efficiencies could help recover some of the impact, with production expected to increase at a higher rate than sales volume [87]

2020 FULL YEAR AND FOURTH QUARTER EARNINGS FEBRUARY 10, 2021 SAFE HARBOR COMMENTS Forward-Looking Statements This press release contains "forward-looking" statements related to O-I Glass, Inc. ("O-I Glass" 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. Forward-looking statements reflect the company's current expectations and projections about future events at the time, and thus involve ...

3Q 2020 Earnings n ATAOctober 28, 2020 4710. UL SAFE HARBOR COMMENTS Forward-Looking Statements This presentation contains "forward-looking" statements related to O-I Glass, Inc. ("O-I Glass" 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. Forward-looking statements reflect the company's current expectations and projections about future events at the time, and thus involve uncertainty a ...

Financial Data and Key Metrics Changes - Adjusted earnings per share for Q3 2020 were $0.41, down from $0.54 in the prior year [28] - Free cash flow for Q3 2020 was $205 million, reflecting a decrease from the previous year due to a shift in factoring activity [38] - Segment operating profit was nearly flat at $204 million compared to $206 million in the prior year, with stable operating profit viewed as a significant achievement following a challenging second quarter [28][30] Business Line Data and Key Metrics Changes - Volume increased nearly 2% year-over-year, with demand strongest in the Americas, particularly in North America [7][10] - In the Americas, profit was $113 million, down $10 million from the prior year, but sales volume was up nearly 2% [33] - Europe's operating profit increased to $88 million, up $9 million from last year, with sales volume up 0.3% [35] Market Data and Key Metrics Changes - Overall consumption levels remained stable during the pandemic, with a shift from on-premise to off-premise demand [8] - Retail sales have remained elevated, particularly in categories like beer, wine, and food, offsetting losses from bars and restaurants [14][15] - In Brazil, beer in glass is growing at around 10% annually, indicating strong market demand [59] Company Strategy and Development Direction - The company is focused on turnaround initiatives and optimizing its restructure, including divestitures that have generated over $870 million [22][23] - The MAGMA project aims to revolutionize glass manufacturing, with key milestones reached and further deployment planned for 2022 [20][21] - Sustainability initiatives are being elevated, including the appointment of a Chief Sustainability Officer and efforts to improve glass recycling systems in the U.S. [24][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business outlook, expecting a full-year sales volume decline of 3% to 5%, an improvement from previous estimates [10] - The company anticipates fourth-quarter earnings guidance of $0.30 to $0.35 per share, with sales volume expected to be comparable to the prior year [10][41] - Management acknowledged macro uncertainties due to the pandemic but noted a solid recovery in demand and operational performance [48] Other Important Information - The company has significantly reduced net debt to just under $4.8 billion, aided by divestiture proceeds and free cash flow [39] - The leverage ratio at quarter-end was 4.4, well below the covenant limit of 5.0, indicating strong financial health [40] - The company is focused on maximizing free cash flow and maintaining strong liquidity, exceeding $2 billion at the end of September [37][39] Q&A Session Summary Question: Trends in October by Region - Management noted strong performance in off-premise sales, particularly in Europe and North America, with expectations for continued stability into Q4 [56][57] Question: Inventory Alignment - Management confirmed that inventories have been optimized and are expected to remain at good levels as the supply chain recovers [68][70] Question: Inflation and Margin Pressure - Management acknowledged that inflation is expected to be higher in 2021, with a focus on managing costs and pricing strategies to mitigate margin pressure [71][76] Question: Cost Reintroduction and Capacity Flexibility - Management indicated that about 70% of cost reductions are systemic and long-term, with plans to retain these savings while also exploring additional cost-saving opportunities [82][84] Question: Recycling Initiatives in North America - Management highlighted efforts to improve glass recycling systems in the U.S., drawing on successful models from Europe [113][114] Question: Free Cash Flow Conversion - Management expects free cash flow conversion to improve to 20% to 25% in 2021, with working capital management being a key focus [120]

September 30, 2020 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 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 o ...

Financial Data and Key Metrics Changes - Adjusted earnings were reported at $0.01 per share, with free cash flow of $112 million, reflecting a strong cash generation despite challenging conditions [7][21][29] - Segment operating profit decreased to $95 million from $236 million in the prior year, impacted by a 15% decline in sales volume due to the pandemic [21][24] - Net debt was reported at $5.4 billion, with a leverage ratio of 4.1, indicating a stable financial position despite the pandemic [31][32] Business Line Data and Key Metrics Changes - Sales volume was down approximately 15% overall, but improved to a decline of just 3% by the end of June, with a 2% increase in July [9][17] - In the Americas, profit was $52 million, down $88 million year-over-year, with sales volumes down 18% but showing improvement later in the quarter [25] - Europe's operating profit was $42 million, down $45 million, with sales volumes down 14% but improving as markets reopened [27][28] Market Data and Key Metrics Changes - Off-premise sales remained elevated, increasing between 10% and 35% depending on the category, compensating for lost sales from bars and restaurants [18] - North America saw a strong performance in July with mid-to-high single-digit growth, while Brazil experienced mid-teens growth [43] - The demand for glass in Brazil and Europe remained strong, with no significant aluminum can shortages impacting these markets [96] Company Strategy and Development Direction - The company is focused on maximizing free cash flow, preserving liquidity, and reducing debt, with a revised full-year sales volume guidance of down 4% to 7% [9][31][34] - Continued advancement of the MAGMA initiative is a priority, with plans for broader deployment in 2022 following successful trials [14][70] - The divestiture of the ANZ business is part of a strategy to rebalance the portfolio and improve the balance sheet [8][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the pandemic, highlighting resilience and a strong cash flow generation [9][36] - There are uncertainties regarding the future evolution of COVID-19 and its potential impact on demand, but recent trends are encouraging [34][48] - The company anticipates that glass volumes will eventually return and exceed pre-pandemic levels, driven by strong retail demand [19][96] Other Important Information - The company implemented strict cost controls, generating significant savings, with about 70% of cost reductions expected to be sustainable [12][85] - The completion of the ANZ divestiture has allowed for over $350 million in debt repayment, further improving the leverage position [32] Q&A Session Summary Question: July volumes up 2%, breakdown by region and third quarter volume outlook - July sales shipments were up 2%, with North America showing mid-to-high single-digit growth, while Europe was flat [43][44] - Management indicated caution regarding future volume trends due to market volatility and potential inventory replenishment [47] Question: Third quarter outlook and EBITDA expectations - Management suggested that if volumes remain flat, EBITDA could also be flat year-over-year, with decremental margins expected to improve [56][62] Question: MAGMA findings and growth outlook - Positive outcomes from MAGMA trials indicate high-quality glass melting and efficiency, with plans for deployment in 2022 and 2023 [70][72] Question: CapEx guidance and COVID recovery scenario - Maintenance CapEx is expected to be around $275 million to $300 million, with strategic projects potentially requiring additional investment [78][80] Question: Impact of cost cuts in the second quarter - Approximately $57 million in cost reductions were achieved, with about 70% expected to be sustainable moving forward [85] Question: U.S. beer demand dynamics - Increased demand for glass is driven by shortages in aluminum cans, with strong performance in Brazil and Europe [96][97]

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, 2020 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 ...