SIG GROUP

Q3 2022 TRADING UPDATE

28 OCTOBER 2022

CEO SAMUEL SIGRIST

CFO FRANK HERZOG

DISCLAIMER AND CAUTIONARY STATEMENT

The information contained in this presentation is not for use within any country or jurisdiction or by any persons where such use would constitute a violation of law. If this applies to you, you are not authorised to access or use any such information.

This presentation may contain "forward-looking statements" that are based on our current expectations, assumptions, estimates and projections about us and our industry. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words "may", "will", "should", "continue", "believe", "anticipate", "expect", "estimate", "intend", "project", "plan", "will likely continue", "will likely result", or words or phrases with similar meaning. Undue reliance should not be placed on such statements because, by their nature, forward-looking statements involve risks and uncertainties, including, without limitation, economic, competitive, governmental and technological factors outside of the control of SIG Group AG ("SIG", the "Company" or the "Group"), that may cause SIG's business, strategy or actual results to differ materially from the forward-looking statements (or from past results).

For any factors that could cause actual results to differ materially from the forward- looking statements contained in this presentation, please see our offering circular for the issue of notes in June 2020. SIG undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise. It should further be noted that past performance is not a guide to future performance. Persons requiring advice should consult an independent adviser.

While we are making great efforts to include accurate and up-to-date information, we make no representations or warranties, expressed or implied, and no reliance may be placed by any person as to the accuracy and completeness of the information provided in this presentation and we disclaim any liability for the use of it.

Neither SIG nor any of its directors, officers, employees, agents, affiliates or advisers is under an obligation to update, correct or keep current the information contained in this presentation to which it relates or to provide the recipient of it with access to any additional information that may arise in connection with it and any opinions expressed in this presentation are subject to change.

The presentation may not be reproduced, published or transmitted, in whole or in part, directly or indirectly, to any person (whether within or outside such person's organisation or firm) other than its intended recipients.

The attached information is not an offer to sell or a solicitation of an offer to purchase any security in the United States or elsewhere and shall not constitute an offer, solicitation or sale any securities of SIG in any state or jurisdiction in which, or to any person to whom such an offer, solicitation or sale would be unlawful nor shall it or any part of it form the basis of, or be relied on in connection with, any contract or investment decision. No securities may be offered or sold within the United States or to U.S. persons absent registration or an applicable exemption from registration requirements. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from any issuer of such securities and that will contain detailed information about us. Any failure to comply with the restrictions set out in this paragraph may constitute a violation of the securities laws of any such jurisdiction.

This presentation is not an offering circular within the meaning of the Swiss Financial Services Act, nor is it a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange or a prospectus under any other applicable laws.

In this presentation, we utilise certain alternative performance measures, including but not limited to EBITDA, adjusted EBITDA, adjusted EBITDA margin, net capex, adjusted net income, free cash flow and net leverage ratio that in each case are not defined in International Financial Reporting Standards ("IFRS").

These alternative non-IFRS measures are presented as we believe that they and similar measures are widely used in the markets in which we operate as a means of evaluating a company's operating performance and financing structure. Our definition of and method of calculating the measures stated above may not be comparable to other similarly titled measures of other companies and are not measurements under IFRS, as issued by the IASB or other generally accepted accounting principles, are not measures of financial condition, liquidity or profitability and should not be considered as an alternative to profit from operations for the period or operating cash flows determined in accordance with IFRS, nor should they be considered as substitutes for the information contained in our consolidated financial statements. You are cautioned not to place undue reliance on any alternative performance measures and ratios not defined in IFRS included in this presentation.

Alternative performance measures

For additional information about alternative performance measures used by management that are not defined in IFRS, including definitions and reconciliations to measures defined in IFRS please refer to this link: https://www.sig.biz/investors/en/performance/definitions

Some financial information in this presentation has been rounded and, as a result, the figures shown as totals in this presentation may vary slightly from the exact arithmetic aggregation of the figures that precede them.

2 28 OCTOBER 2022 Q3 2022 TRADING STATEMENT

THIRD QUARTER 2022 HIGHLIGHTS

BROADENED PORTFOLIO HAS HAD ENCOURAGING START

STRONG OVERALL REVENUE GROWTH

SOLID ORGANIC REVENUE GROWTH1 IN LINE WITH GUIDANCE OF 7-9%

1ST FULL QUARTER CONTRIBUTION FROM SCHOLLE IPN WITH STRONG BiB2

SALES IN THE USA

SUCCESSFUL IMPLEMENTATION OF PRICING STRATEGY AMID ONGOING COST INCREASES

MITIGATING HIGHER RAW MATERIAL, ENERGY AND FREIGHT COSTS

DELIVERY OF PRICE INCREASES ABOVE EXPECTATIONS

PRICE INCREASES INITIATED FOR 2023

MULTIPLE NEW FILLER CONTRACTS IN ALL REGIONS

FOOD AND

BEVERAGE

CUSTOMERS INVESTING FOR THE FUTURE

IN ASEPTIC AND CHILLED CARTON AS WELL AS BiB AND SPOUTED POUCH

5 YEAR USD TERM LOAN SECURED IN JULY

COMPLETING

ACQUISITION

FINANCING

PROMOTION OF SIG SHARES INTO MSCI MID CAP INDEX

AS OF 31 AUGUST 2022

PARTNERSHIP

WITH WWF SWITZERLAND

FOR THE PROTECTION AND RESTORATION OF FORESTS

  1. Organic growth represents SIG revenue growth at constant currency, excluding the impacts of the Scholle IPN and Evergreen Asia acquisition
  2. Bag-in-Box

3 28 OCTOBER 2022 Q3 2022 TRADING STATEMENT

WWF SWITZERLAND PARTNERSHIP TOGETHER SUPPORTING THRIVING FORESTS

  • SIG continues to lead the carton industry in sustainability
    • 1st carton producer to purchase only FSC-certified paperboard
    • Helping customers cater to growing consumer demand for more sustainable packaging
  • This partnership is integral to achieving Forest+ ambitions of our Way Beyond Good strategy:
    • First flagship project: improved forest management of 100,000 hectares and restoration of a further 750 hectares of forest in Mexico that serve as critical habitat for the jaguar and surrounding communities
  • SIG being chosen as a partner reflects our leadership in sustainability, our Way Beyond Good strategy and our FSC commitments and achievements

FOCUS ON SUSTAINABILITY

4 28 OCTOBER 2022 Q3 2022 TRADING STATEMENT

Q3 2022 KEY FIGURES

SOLID QUARTER AMID INFLATIONARY PRESSURES

REVENUE

€ 770.8 MILLION

+41.2%

GROWTH AT CONSTANT CURRENCY

+7.0%

ORGANIC GROWTH1

+52.1%

REPORTED GROWTH

ADJUSTED ADJUSTED

EBITDA EBITDA MARGIN

€ 178.8

23.2%

MILLION

(Q3 2021: €137.1

(Q3 2021: 27.1%)

MILLION)

ADJUSTED NET

FREE CASH

INCOME

FLOW INCOME

€ 68.7

€ 101.5

MILLION

MILLION

(Q3 2021:

(Q3 2021:

€ 60.6 MILLION)

€ 116.7 MILLION)

1 Organic growth represents SIG revenue growth at constant currency, excluding the impacts of the acquisition of Scholle IPN and Evergreen Asia

5 28 OCTOBER 2022 Q3 2022 TRADING STATEMENT

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

SIG Group Ltd. published this content on 28 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2022 05:12:07 UTC.