O-I Glass(OI) - 2022 Q3 - Earnings Call Presentation

Q3 2022 Financial Performance - Net sales increased by 5% (12% currency neutral) compared to Q3 2021[5] - Segment operating profit increased by 9% compared to Q3 2021[5] - Adjusted earnings per share (aEPS) increased by 9% compared to Q3 2021, reaching $0.63 per share, exceeding prior year of $0.58 per share and guidance of $0.55 – $0.60 per share[5] - Total financial leverage reduced by 1.2x[5] - Sales volume increased 0.5%[5] - Segment operating profit margins increased ~ 0.6% from 3Q21[41] Key Transformation Initiatives & Portfolio Optimization - Completed $1.5 billion portfolio optimization program in August 2022[6, 28] - Paddock 524(g) trust funded with $610 million in July 2022[6, 30, 31] 2022 Business Outlook & Priorities - Updated full-year 2022 aEPS guidance to $2.20 – $2.25[6] - Expects to generate Free Cash Flow (FCF) of $200 million or more and adjusted Free Cash Flow (aFCF) of $400 million or more (nearly 35% conversion)[6] - The company is targeting a 25% reduction in GHG emissions by 2030[61]