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Ardagh Metal Packaging(AMBP) - 2024 Q3 - Earnings Call Presentation
2024-10-24 13:00
Financial Performance - Ardagh Metal Packaging (AMP) reported a 15% increase in Q3 Adjusted EBITDA, reaching $196 million, driven by double-digit growth in both Europe and the Americas[33] - The company improved its full-year Adjusted EBITDA guidance to $650-660 million, up from the previous $640-660 million[17, 38] - Q3 revenue increased by 1% to $1.313 billion[33] - AMP has strong Q3 liquidity of $0.7 billion and expects it to increase to approximately $1 billion by the end of 2024[17] Regional Performance - Europe's revenue increased by 2%, with Adjusted EBITDA up by 18% due to higher input cost recovery and favorable volume/mix[35] - Americas revenue increased by 1%, with Adjusted EBITDA up by 13% driven by favorable volume/mix effects and lower operating costs[35] - Global shipment growth was 2% in Q3, with strong end market performance in Europe[14, 22] Strategic Initiatives - AMP secured a solar virtual Power Purchase Agreement (vPPA) in Portugal, representing approximately 50% of AMP Europe's continental energy consumption[27] - A new credit facility was agreed in Brazil for BRL 500 million (approximately $90 million) to further strengthen liquidity[30] Market Position - AMP is a leading global supplier of sustainable and infinitely recyclable metal beverage cans, with sales of $4.8 billion in 2023[4] - The company holds leading market positions, ranking 2 in Europe and 3 in North America and Brazil[9]
Ardagh Metal Packaging(AMBP) - 2024 Q2 - Earnings Call Presentation
2024-07-25 13:00
Financial Performance - Q2 2024 Adjusted EBITDA reached $178 million, an 18% increase year-over-year[43] - The company improved its full-year Adjusted EBITDA guidance to a range of $640 - $660 million[13] - LTM Adjusted EBITDA rose to $631 million in Q2[13] - Group revenue was broadly unchanged versus the prior year at $1,259 million[44] Regional Performance - Europe shipments grew by 5% in Q2, indicating a recovery[13, 16] - Americas shipments grew by 1% in Q2, with North America growing by 3%[13, 16] - Brazil shipments declined by 7% in Q2 due to temporary customer effects[16] - Europe Adjusted EBITDA margin was 14%, up from 11.5% in the prior year[44] - Americas Adjusted EBITDA margin was 14.3%, up from 12.4% in the prior year[44] Liquidity and Debt - A new $300 million secured financing commitment with Apollo Capital Management will further strengthen liquidity in H2[25] - Net debt stood at $3.657 billion with available liquidity of $405 million[45] - The company expects modest deleveraging in 2024[25, 47] Sustainability - All global AMP production facilities have now achieved ISO 14001 certification[22] - A solar power purchase agreement in Germany has been extended to 2030, covering up to 40% of German demand needs[21]