Accessibility StatementSkip Navigation LUXEMBOURG, Nov. 18, 2025 /PRNewswire/ -- Ardagh Metal Packaging S.A. (NYSE: AMBP) announces that it has published certain supplemental company information on its website. Such supplemental company information is available at the following url: https://ir.ardaghmetalpackaging.com/InvestorPresentationNov2025 About Ardagh Metal Packaging Ardagh Metal Packaging (AMP) is a leading global supplier of sustainable and infinitely recyclable metal beverage cans to brand owners ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q3 2025 grew by 6% year-over-year, reaching $208 million, which is at the upper end of guidance [3][12] - Year-to-date global volumes are up over 3% compared to the previous year, despite Q3 volumes being below expectations [3][4] - The company expects full-year adjusted EBITDA to be in the range of $720 to $735 million based on current FX rates [12] Business Segment Data and Key Metrics Changes - In Europe, Q3 revenue increased by 9% to $625 million, with a 2% growth in shipments driven by energy drinks and other fast-growing categories [4][6] - Adjusted EBITDA in Europe for Q3 increased by 4% to $82 million, but decreased by 4% on a constant currency basis due to input cost recovery challenges [5][6] - In the Americas, Q3 revenue rose by 8% to $803 million, with adjusted EBITDA also increasing by 8% to $126 million, supported by lower operational costs [6][7] Market Data and Key Metrics Changes - North America shipments increased by 1% in Q3, with year-to-date shipments up by 5% [7][8] - In Brazil, Q3 beverage can shipments decreased by 17% due to a weak industry backdrop, but year-to-date shipments are down only 1% [8][9] - The company anticipates a modest impact on Q4 performance in North America if supply chain conditions remain stable [8] Company Strategy and Development Direction - The company is progressing its sustainability agenda, targeting a 10% annual reduction in Scope 1 and 2 emissions and a 14% reduction in Scope 3 emissions by 2024 [4] - The company expects to see a transition year in 2026, with growth anticipated in 2027 due to contracted additional filling locations and ongoing market growth [8][24] - The company is focusing on flexibility in production to better target growth categories and minimize reliance on the beer segment [62] Management's Comments on Operating Environment and Future Outlook - Management noted that while demand elasticity is not currently significant, there are risks for 2026 due to potential increases in aluminum costs [16][17] - The outlook for 2026 is cautious, with expectations of low single-digit growth in North America and Brazil, while Europe is expected to grow at 3% to 4% [17][51] - Management expressed optimism about the beverage can's growth potential in Europe, citing underpenetration relative to other geographies [33] Other Important Information - The company ended the quarter with over $600 million in liquidity and a net leverage ratio of 5.2 times adjusted EBITDA [10] - The company announced a quarterly ordinary dividend of $0.10 per share [11] Q&A Session Summary Question: Can you discuss the effects of demand elasticity and aluminum pricing? - Management indicated that there is not a significant impact from demand elasticity at this point, but risks exist for 2026 due to potential aluminum cost increases [16] Question: What is the outlook for North America growth in 2026? - Management expects North America to grow at 1% to 2%, reflecting caution regarding inflation in can pricing [17] Question: How is the company addressing the transition to smaller formats in Europe? - The company is undertaking projects to convert lines for greater flexibility and agility in production to capture growth in faster-growing categories [62] Question: What are the expectations for beer consumption trends in Europe? - Management believes it is too early to call a secular shift in beer consumption but acknowledges a poor year and expects strategies to reverse this trend in 2026 [70] Question: How will aluminum conversion costs impact operations next year? - Management does not expect major savings but anticipates a moderation of headwinds from aluminum costs compared to the previous year [72]

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q3 2025 grew by 6% year-over-year, reaching $208 million, which is at the upper end of guidance [3][12] - Year-to-date global volumes are up over 3% compared to the previous year, despite Q3 volumes being below expectations [3][4] - The net leverage ratio improved to 5.2x, a decline of 0.4x from Q2 2024, reflecting adjusted EBITDA growth [10] Business Segment Data and Key Metrics Changes - In Europe, Q3 revenue increased by 9% to $625 million, with adjusted EBITDA rising by 4% to $82 million [4][5] - In the Americas, Q3 revenue increased by 8% to $803 million, with adjusted EBITDA also increasing by 8% to $126 million [6][7] - Brazil's beverage can shipments decreased by 17% in Q3 due to a weak industry backdrop, but year-to-date shipments are down only 1% [8][9] Market Data and Key Metrics Changes - European shipments grew by 2% in Q3, driven by energy drinks and other fast-growing categories, despite weakness in the beer category [4][5] - North American shipments increased by 1% in Q3, with year-to-date shipments up by 5% [7][8] - The Brazilian market is expected to return to growth in 2026, with full-year shipments anticipated to be broadly in line with the prior year [9] Company Strategy and Development Direction - The company is focused on sustainability, aiming for a 10% annual reduction in Scope 1 and 2 emissions and a 14% reduction in Scope 3 emissions by 2024 [4] - The company anticipates a transition year in 2026 for North America, with expected industry growth of low single-digit percentages [8][24] - The company is investing in flexibility for production lines to better adapt to market dynamics and changing consumer preferences [63] Management's Comments on Operating Environment and Future Outlook - Management noted that while Q3 was weaker than expected, they remain optimistic about Q4 performance, particularly in North America [8][12] - The company expects to see earnings growth in 2026 over 2025, driven by operational cost savings and improved market conditions [51][52] - Management highlighted that the beer category in Europe had a poor year but does not expect this to be a long-term trend [70][72] Other Important Information - The company announced a quarterly ordinary dividend of $0.10 per share [11] - Full-year adjusted EBITDA guidance has been upgraded to a range of $720 million to $735 million [12] Q&A Session Summary Question: Can you discuss the effects of demand elasticity and aluminum pricing? - Management indicated that there is currently not a significant impact from demand elasticity, but there may be risks in 2026 as hedges roll off [16][17] Question: What is the outlook for North America in 2026? - Management expects North America to grow at a market level of 1%-2% in 2026, with some softness anticipated due to contract resets [17][24] Question: How is the company addressing growth in Europe? - Management stated that Europe remains a tight market, and they are planning projects to improve capacity and flexibility [27][28] Question: What are the expectations for aluminum costs and their impact? - Management noted that while there are no major savings expected, the step-up in costs from this year will moderate significantly [72] Question: How is the company managing supply chain issues? - Management expressed optimism about resolving supply chain issues and does not foresee risks to industry volumes from metal supply in 2026 [65][66]

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]

Company Overview - Ardagh Metal Packaging S.A. has announced a quarterly interim dividend of $0.10 per ordinary share, payable on August 19, 2025, to shareholders of record on August 7, 2025 [1] - The company is a leading global supplier of sustainable and infinitely recyclable metal beverage cans, operating as part of the Ardagh Group [1] - Ardagh Metal Packaging operates 23 production facilities across nine countries, employing over 6,000 people and generating approximately $4.9 billion in sales for the year 2024 [1] Industry Position - The company is recognized as a leading player in the metal beverage can industry across Europe and the Americas, highlighting its innovative production capabilities [1]

Core Viewpoint - Ardagh Metal Packaging S.A. reported strong financial performance for Q2 2025, with significant revenue and Adjusted EBITDA growth, driven by robust volume growth in the Americas and resilience against macroeconomic uncertainties [1][3]. Financial Performance Review - Revenue for Q2 2025 reached $1,455 million, a 16% increase from $1,259 million in Q2 2024, with a 13% increase on a constant currency basis [2][6]. - Adjusted EBITDA for the quarter was $210 million, an 18% increase from $178 million in the same period last year, with a 16% increase at constant currency [2][7]. - Profit for the period was $5 million, compared to $2 million in Q2 2024 [2][22]. - Adjusted earnings per share rose to $0.08 from $0.06 year-over-year [2][22]. Regional Performance - In the Americas, revenue increased by 21% to $840 million, driven by favorable volume/mix effects and higher input costs passed to customers [8]. - Adjusted EBITDA in the Americas grew by 34% to $133 million, reflecting strong volume growth and reduced operational costs [9]. - In Europe, revenue increased by 9% to $615 million, with a 4% increase on a constant currency basis, while Adjusted EBITDA decreased by 3% to $77 million due to lower input cost recovery [10][11]. Guidance and Expectations - The company raised its full-year Adjusted EBITDA guidance to a range of $705-$725 million, reflecting improved performance and favorable currency movements [3][6]. - The expected total capital expenditure for 2025 remains unchanged at just over $200 million, with $70 million allocated for growth investments [3][6]. - The company maintains a strong liquidity position of $680 million as of June 30, 2025, with a net debt to Adjusted EBITDA ratio of 5.3x, down from 5.8x a year earlier [3][6].

Core Viewpoint - Ardagh Metal Packaging S.A. (AMBP) is experiencing solid improvements in earnings estimates, which may lead to continued positive stock momentum [1][2]. Earnings Estimates - Analysts show growing optimism regarding Ardagh's earnings prospects, reflected in upward revisions of earnings estimates [2]. - The consensus earnings estimate for the current quarter is $0.07 per share, indicating a year-over-year increase of +16.67% [5]. - Over the past 30 days, the Zacks Consensus Estimate for the current quarter has risen by 40%, with two estimates moving higher and no negative revisions [5]. - For the full year, the expected earnings are $0.20 per share, representing a year-over-year change of +11.11% [6]. - The consensus estimate for the full year has increased by 13.21% due to three estimates moving higher and no negative revisions [6][7]. Zacks Rank - Ardagh Metal Packaging currently holds a Zacks Rank 2 (Buy), indicating promising estimate revisions and potential for outperformance [8]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [8]. Stock Performance - The shares of Ardagh Metal Packaging have increased by 23.9% over the past four weeks, suggesting strong investor confidence in its earnings growth prospects [9].

Financial Data and Key Metrics Changes - In 2024, the company achieved a double-digit adjusted EBITDA increase, with a 3% growth in global volumes [6][7] - Adjusted EBITDA for Q4 2024 grew by 11% year-over-year to $164 million, driven by higher sales volumes and production in Europe [8][26] - The company ended the year with nearly $1 billion in liquidity and a reduced net leverage ratio of 4.9 times net debt to adjusted EBITDA [7][21] Business Line Data and Key Metrics Changes - In Europe, revenue increased by 27% to $552 million, with shipments growing by 8% in Q4 [12][14] - Adjusted EBITDA in Europe increased by 81% to $56 million, supported by positive volume growth and stronger input cost recovery [14] - In the Americas, revenue decreased by 7% to $653 million, with adjusted EBITDA decreasing by 1% to $108 million due to lower volumes [15][16] Market Data and Key Metrics Changes - The beverage can continues to gain market share in customers' packaging mix, with expectations for industry shipment growth into 2025 [9][10] - In Brazil, Q4 beverage can shipments decreased by 15% due to a customer mix issue, but excluding this customer, shipments grew by 7% [18][19] - The North American market is expected to see low single-digit percentage growth in shipments in 2025, driven by recovery in the energy category and growth in carbonated soft drinks [17][20] Company Strategy and Development Direction - The company is focused on sustainability, having made significant progress towards renewable electricity targets and reducing greenhouse gas emissions [10][11] - The company anticipates continued growth in adjusted EBITDA in 2025 through increased shipments and operational improvements [9][28] - The company expects to maintain a capital allocation policy consistent with previous years, including a quarterly dividend of $0.10 per share [25][79] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the market outlook, projecting global shipment growth of 2% to 3% for 2025 and adjusted EBITDA in the range of $675 million to $695 million [28][29] - Management noted that inflationary pressures and currency headwinds in Europe are expected to partially offset growth [28] - The company remains optimistic about the North American beverage can market, citing strong demand in carbonated soft drinks and alcoholic cocktails [42][72] Other Important Information - The company signed agreements for solar projects in Germany and a virtual power purchase agreement in Portugal, advancing its sustainability agenda [10] - The company recorded a reduction in overall total recordable incident rates and accident severity rates in 2024 [11] Q&A Session Summary Question: Impact of tariffs on demand - Management indicated that the impact on retail prices is minimal, with costs being passed on to consumers, and they expect less impact in 2025 due to hedging [32][34] Question: Performance in the Americas - Management noted improvements in Brazil's volumes and recovery in the energy category in North America, expressing optimism for 2025 [36][38] Question: Growth forecast specifics - Management confirmed expectations for low single-digit growth in North America, driven by strength in carbonated soft drinks and alcoholic cocktails [42][72] Question: Glass to metal substitution trends - Management highlighted a long-term trend of glass to metal substitution in Europe, driven by energy costs and sustainability advantages [60][62] Question: Free cash flow outlook - Management provided guidance on expected cash flow items for 2025, indicating a slight reduction in free cash flow compared to 2024 [74][79] Question: Earnings outlook and volume growth - Management explained that headwinds from aluminum conversion costs and PPI in Europe would affect the translation of volume growth into EBITDA [102][104]