Financial Reporting Schedule - Huhtamaki will publish its financial results for 2025 on February 13, 2026 [1] - The annual report for 2025 will be released during the week commencing March 2, 2026 [1] - Interim reports for the year 2026 will be published on April 29, July 23, and October 29, covering the respective periods [1] - A silent period of four weeks will precede the publication of the 2025 results [1] Annual General Meeting (AGM) - The AGM is scheduled for April 29, 2026, with the Board of Directors to summon it at a later date [2] - Shareholders can request agenda items for the AGM by sending a written request to the Board by March 10, 2026 [2] Company Overview - Huhtamaki is a leading global provider of sustainable packaging solutions, focusing on hygiene, safety, and food waste prevention [3] - The company has over 100 years of history and operates in 36 countries with around 18,000 professionals [4] - In 2024, Huhtamaki's net sales reached EUR 4.1 billion [4] - The company is listed on Nasdaq Helsinki, with its headquarters located in Espoo, Finland [4]

Financial Reporting Schedule - Huhtamaki will publish its financial results for 2025 on February 13, 2026 [1] - The annual report for 2025 will be released during the week commencing March 2, 2026 [1] - Interim reports for the year 2026 will be published on April 29, July 23, and October 29, covering the respective periods [1] Annual General Meeting (AGM) - The AGM is scheduled for April 29, 2026, with the Board of Directors to summon it at a later date [2] - Shareholders can request agenda items for the AGM by sending a written request to the Board by March 10, 2026 [2] Company Overview - Huhtamaki is a leading global provider of sustainable packaging solutions, focusing on hygiene, safety, and food waste prevention [3] - The company has over 100 years of history and operates in 36 countries with approximately 18,000 professionals [4] - In 2024, Huhtamaki's net sales reached EUR 4.1 billion, and the company is listed on Nasdaq Helsinki [4]

Core Insights - Amcor has shortlisted four innovative start-ups in its Amcor Lift-Off challenge aimed at addressing the Water Vapour Transmission Rate (WVTR) barriers for compostable substrates, including paper [1][2][3] Group 1: Amcor Lift-Off Challenge - The challenge focuses on finding effective solutions for moisture protection in compostable packaging materials [3] - The selected start-ups will undergo a rigorous evaluation process that may include technical trials and potential investment [3][4] - Amcor Lift-Off is designed to support early-stage start-ups working on breakthrough packaging technologies, offering selected companies the opportunity to collaborate with Amcor's technical teams and receive funding of up to $500,000 [4][5] Group 2: Innovation and Sustainability - Amcor emphasizes the importance of open innovation in accelerating progress within the packaging industry, aligning with its sustainability goals [4] - The initiative reflects Amcor's commitment to being a leading partner in packaging innovation and connecting with talented minds in the start-up ecosystem [5] Group 3: Company Overview - Amcor is a global leader in packaging solutions, focusing on responsible and sustainable packaging for consumer and healthcare products [6] - The company operates with approximately 70,000 employees across around 140 countries, leveraging its global capabilities to meet local customer needs [6]

Financial Performance - Ardagh Metal Packaging (AMP) reported strong Q2 2025 results, outperforming guidance, and raised the full-year Adjusted EBITDA guidance to $705-$725 million[14] - Q2 2025 global shipments grew by 5%[15] - Q2 2025 Adjusted EBITDA reached $210 million, exceeding the guidance range of $195-$205 million[16] - Group revenue in Q2 2025 was $1455 million, a 16% increase compared to $1259 million in Q2 2024[32] - Adjusted EBITDA increased by 18% to $210 million in Q2 2025, compared to $178 million in Q2 2024[31] Regional Performance - Americas experienced strong growth in Q2 2025, with Adjusted EBITDA increasing by 34%[16] - North America saw an 8% growth in Q2 2025, driven by non-alcoholic beverages[16] - Brazil's growth was 12% in Q2 2025, reflecting customer mix[16] - Europe experienced a 1% growth in Q2 2025, with strength in soft drinks offset by market weakness in beer[16] Market Trends and Strategy - Beverage cans are gaining share in the packaging mix across regions[23] - AMP anticipates minimal impact from tariffs due to the regional nature of its supply chain[16] - The company maintains a disciplined approach to capital deployment, focusing on network optimization and flexibility[38]

Consumer Behavior - Shoppers in the U S and Canada are abandoning in-store purchases due to concerns about unsustainable packaging and plastics [1]

Company Overview - Huhtamaki Oyj is a leading global provider of sustainable packaging solutions, focusing on food and beverage safety, hygiene, and waste prevention [3][4] - The company has over 100 years of history and operates in 36 countries with around 18,000 professionals [4] Financial Information - In 2024, Huhtamaki's net sales totaled EUR 4.1 billion [4] Upcoming Events - Huhtamaki will publish its 2025 Half-yearly Report on July 24, 2025, at approximately 8:30 EEST [1] - A combined audiocast and teleconference will be held on the same day at 9:30 EEST, featuring presentations from the CEO and CFO [2] - An on-demand replay of the audiocast will be available shortly after the call [3]

Industry Overview - The U.S. coffee market is projected to remain resilient in 2025, driven by strong consumer loyalty, daily ritual-driven demand, and increasing mobile ordering and digital rewards adoption [2] - The global coffee market is expected to grow from $145.84 billion in 2025 to $201.41 billion by 2032, reflecting a steady CAGR of 4.72% [4] - Innovations in eco-friendly brewing, ready-to-drink formats, and sustainable packaging are reshaping consumer behavior, while regional dynamics like rising North American home consumption and European export demand are broadening the industry's reach [3] Starbucks Corporation (SBUX) - Starbucks is implementing a turnaround strategy called "Back to Starbucks," focusing on enhancing customer and employee experiences through improved store operations, labor deployment, and menu offerings [6] - A new green apron service model is being rolled out across thousands of U.S. stores to improve peak-hour throughput and customer interactions [7] - The company is making significant changes to store design to reclaim its "third place" identity, aiming to drive higher in-store engagement [8] - Internationally, Starbucks is seeing momentum in key markets like the U.K., Japan, and Canada, with early signs of stabilization in China [9] - Despite long-term growth ambitions, Starbucks faces near-term challenges, including a decline in global comparable store sales and intensified margin pressures [11] - The Zacks Consensus Estimate for Starbucks' fiscal 2025 sales suggests a year-over-year increase of 2%, while EPS indicates a decline of 23.6% [17] - Starbucks stock has gained 6.8% in the past year, underperforming its industry and the S&P 500 [20] - Starbucks is trading at a forward 12-month price-to-sales (P/S) ratio of 2.49X, below the industry average of 4.06X [23] Dutch Bros Inc. (BROS) - Dutch Bros aims to reach 2,029 shops by 2029, executing a disciplined expansion plan supported by strong leadership and market planning [12] - The company is innovating through vibrant limited-time offerings (LTOs) and a personalized loyalty program, Dutch Rewards, which accounts for the majority of transactions [14] - Dutch Bros is gaining traction with its Order Ahead platform, effectively capturing morning demand [15] - The company is focused on maintaining quality while scaling, improving throughput, and moving toward capital-light lease models [16] - The Zacks Consensus Estimate for Dutch Bros' 2025 sales and EPS suggests year-over-year increases of 23.5% and 24.5%, respectively [18] - Dutch Bros shares have surged 95.5% in the past year [20] - Dutch Bros is trading at a forward 12-month P/S multiple of 6.61X [23] Comparative Analysis - Both Starbucks and Dutch Bros are navigating a resilient coffee industry, leveraging innovation and strategic expansion [26] - Dutch Bros stands out with its rapid growth trajectory and superior earnings momentum, appealing to younger consumers [26] - Starbucks offers unmatched global scale and a comprehensive turnaround plan, but faces near-term headwinds that could impact investor confidence [27] - Dutch Bros holds the edge as the more compelling coffee stock for 2025, backed by stronger growth estimates and elevated investor sentiment [28]

Group 1 - Huhtamaki has appointed Axel Glade as President of the Flexible Packaging segment, effective July 1, 2025, earlier than previously announced [1] - Axel Glade will report to Ralf K. Wunderlich, the President & CEO, and will be based in Espoo, Finland [1] - Glade joins Huhtamaki from Constantia Flexibles, where he served as Executive Vice President of the Film Division [1] Group 2 - The Global Executive Team will include Ralf K. Wunderlich (Chair), Fredrik Davidsson, Sara Engber, Thomas Geust, Axel Glade, Ann O'Hara, Sami Pauni, Johan Rabe, Ingolf Thom, and Changsheng Wu [2] - Huhtamaki is a leading global provider of sustainable packaging solutions, focusing on hygiene, safety, accessibility, affordability, and food waste prevention [3] - The company has over 100 years of history, operates in 36 countries with around 18,000 professionals, and reported net sales of EUR 4.1 billion in 2024 [4]

Core Viewpoint - S&P Global Ratings upgraded Huhtamaki Oyj's long-term issuer credit rating to BBB- with a stable outlook, indicating the company's credit rating is now considered investment grade [1]. Financial Position - Huhtamaki has a solid financial position, with a net debt to adjusted EBITDA ratio of 2.0 at the end of March 2025, which is at the lower end of the target range of 2-3x [2]. Company Overview - Huhtamaki is a leading global provider of sustainable packaging solutions, with over 100 years of history and a strong Nordic heritage. The company operates in 36 countries with around 18,000 professionals across 102 locations [3]. - In 2024, Huhtamaki's net sales totaled EUR 4.1 billion, and the company is listed on the Nasdaq Helsinki with its head office located in Espoo, Finland [3].

Financial Data and Key Metrics Changes - PepsiCo delivered 2% organic revenue growth for the full year 2024, with a 9% growth in core constant currency earnings per share, exceeding guidance of at least 8% [4] - Over the past five years, net revenue increased by 37% to nearly $92 billion, while core EPS rose by 48% [4][5] Business Line Data and Key Metrics Changes - The international business generated net revenue of $37 billion, accounting for 40% of total net revenue and 39% of core division operating profit mix [5] - Core operating profit for the international business has compounded annually at 10% over the last five years [5] Market Data and Key Metrics Changes - Approximately 60% of PepsiCo's business comes from geographies with only 5% of the global population, indicating significant growth potential in other regions [6] Company Strategy and Development Direction - PepsiCo is focusing on four key pillars: evolving the product portfolio, expanding availability, modernizing the company, and enhancing sustainability through Pep Positive [7] - The company aims to innovate its product offerings, including no sugar beverages and healthier ingredients, while also expanding its presence in high-growth channels and markets [8][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience despite challenges such as the global pandemic and high inflation, believing the runway for growth remains vast [5][6] - The company is committed to transforming its supply chain and evolving its portfolio to support sustainable growth and value [14] Other Important Information - PepsiCo has made significant strides in sustainability, including incorporating recycled materials into packaging and achieving water use efficiency goals ahead of schedule [15][56] - The company has engaged in various initiatives to enhance its positive impact on communities and the environment [15][56] Q&A Session Summary Question: Thoughts on paying down debt instead of buying back stock - The company plans to repay $4 billion of long-term debt and return approximately $8.6 billion to shareholders in 2025, including $1 billion through share repurchases [79] Question: Dividend increase for Pepsi stock - A 5% increase in the annualized dividend per share was announced earlier this year, marking the 53rd consecutive annual increase [80] Question: Impact of GLP-1 drugs on Pepsi products - The company is monitoring GLP-1 trends and has observed that consumers are adjusting their consumption patterns, which the diverse portfolio can address [82] Question: Current debt levels - Total debt stands at $48.5 billion, with $8.3 billion in cash and equivalents, and 81% of the debt is long-term [84]