Silgan : Investor Relations Presentation

Published: 2025-06-17 10:12:06 ET SLGN

Published on 06/17/2025 at 10:12

Investor Relations Presentation

J u n e 2 0 2 5

This presentation, and the statements made during the course of this presentation, are not intended to and do not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities.

Statements made in or during the course of this presentation which are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made based upon management's expectations, assumptions, beliefs, estimates and projections, many of which by their nature are inherently uncertain and beyond Silgan's control. Accordingly, such forward-looking statements are not guarantees or promises of future performance or events and involve known and unknown risks that could cause such future performance or events to differ materially from those expressed or implied in such forward-looking statements. Additionally, such forward-looking statements only speak as of the date of this presentation, and except to the extent required by the U.S. federal securities laws, Silgan neither assumes nor undertakes any obligation to update or revise any of such forward-looking statements. You are advised to read and consider the numerous risks and uncertainties described in our Annual Report on Form 10-K for the year ended December 31, 2024 and our other filings with the Securities and Exchange Commission.

Certain market, industry or similar data contained in this presentation are based upon estimates by our management. While management believes that such estimates are reasonable, in certain cases such estimates cannot be verified by information available from independent sources. While we are not aware of any misstatements regarding any market, industry or similar data contained in this presentation, such data involves risks and uncertainties and is subject to change based on various factors, including those discussed in the paragraph above.

The information in this presentation is as of the date on the cover page of this presentation unless otherwise stated.

All company names and trademarks used in this presentation are the property of their respective owners and are used in this

presentation for identification purposes only.

This presentation can be found on our website at https://www.silganholdings.com

NON-GAAP FINANCIAL MEASURES

Generally accepted accounting principles in the United States are commonly referred to as GAAP. A non-GAAP financial measure is generally defined as a financial measure that purports to measure financial performance, financial position or liquidity but excludes or includes amounts that could not be so adjusted in the most comparable GAAP measure. Adjusted EBIT, EBITDA, adjusted EBITDA, adjusted net income per diluted share, free cash flow, free cash flow per diluted share and the ratios, returns and margins calculated therefrom as contained in this presentation are unaudited supplemental measures of our financial performance, financial position or liquidity that are not required by, or presented in accordance with, GAAP and therefore are non-GAAP financial measures. These non-GAAP financial measures should not be considered as alternatives to income before interest and income taxes (EBIT), net income per diluted share, net income, net cash provided by operating activities, net cash provided by operating activities per diluted share or any other measures derived in accordance with GAAP. Such non-GAAP financial measures should not be considered in isolation or as a substitute for any financial data prepared in accordance with GAAP and may not be comparable to similarly titled measures used by other companies. We include such non-GAAP financial measures in this presentation because we consider them to be important supplemental measures of our financial performance, financial condition and liquidity which we believe provide a more complete understanding of the Company than could be obtained absent such non-GAAP financial measures. A reconciliation of all non-GAAP financial measures used in this presentation to the most comparable GAAP financial data is included in this presentation at Appendix A and is available with this presentation on Silgan's website at: https://www.silganholdings.com/investor-information/events-and-presentations/presentations/default.aspx.

The following non-GAAP financial measures are used in this presentation and are defined as follows. "Adjusted EBIT" means income before interest and income taxes (EBIT) as adjusted for acquired intangible asset amortization expense, other pension (income) or expense for U.S. pension plans, rationalization charges, the impact from charges for the write-up of acquired inventory under purchase accounting, the charge for the European Commission settlement and costs attributed to announced acquisitions and including, as applicable, equity in earnings of affiliates, net of tax. "EBITDA" means income before interest and income taxes (EBIT) plus depreciation and amortization (D&A). "Adjusted EBITDA" means Adjusted EBIT plus depreciation. "Adjusted Net Income per Diluted Share" means net income per diluted share as adjusted for acquired intangible asset amortization expense, other pension (income) or expense for U.S. pension plans, rationalization charges, the impact from charges for the write-up of acquired inventory under purchase accounting, the charge for the European Commission settlement, costs attributed to announced acquisitions and loss on early extinguishment of debt. "Free Cash Flow" means net cash provided by operating activities adjusted for changes in outstanding checks, reduced by capital expenditures and increased by proceeds from asset sales, and "Free Cash Flow per Diluted Share" means Free Cash Flow divided by the number of weighted average diluted shares.

Investment Overview

Portfolio evolution towards higher organic growth products and end markets with better margins

Meaningful capital deployment opportunity with strong track record creating value

Consumer staple product and end market focus

$5.9B¹ Sustainable Rigid Packaging Company for Consumer Goods

Health Care 3%

Other

Metal

Containers 35%

Custom

Containers 13%

50%

11%

Segments

2024 Revenue

39%

Dispensing

& Specialty Closures 52%

ROW

Europe

21%

Geography

USA

71%

Personal Care & Beauty 15%

Home Care, Lawn & Garden 7%

Beverage

10%

End

Markets

Food 47%

Pet Food 16%

41¹

acquisitions over 37 years

>100¹

countries served

123²

plants

17,200¹

employees

Data as of 12/31/2024

Data as of 5/1/2025

Excludes Corporate

Note: End market revenue breakdowns are approximate and based on management estimates.

Refer to slide 31 for reconciliation of GAAP amounts to non-GAAP amounts and for calculation of Adjusted EBITDA.

Disclaimer

Silgan Holdings Inc. published this content on June 17, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 17, 2025 at 14:11 UTC.