Ardagh — Q3 2026 Earnings Presentation
17 slides from Ardagh's earnings presentation, Oct 22, 2026
Slide 1: Ardagh Group S.A. Third Quarter 2026 Update
Ardagh Group S.A. Third Quarter 2026 Update October 22, 2026 Mark Porto Todd Brents Executive Chair, Ardagh Group CFO, Ardagh Group Alexander Kuzan - CEO, Ardagh Glass Packaging - Europe Brian Brandstatter - CEO, Ardagh Glass Packaging – North America Paul Curnow - CEO, Ardagh Glass Packaging - Afri
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward-looking statements relating to the business, financial performance and results of Ardagh Group S.A., its consolidated subsidiaries and/or the industry and markets in which it operates. Forward-looking statements are not histori
Slide 3: Introduction
Introduction 3
Slide 4: Ardagh Group Overview
Ardagh Group Overview Summary 2025 financials and footprint overview Ardagh Metal Packaging (AMP) Ardagh Glass Packaging (AGP) Group*** (NYSE-listed 76%-owned)* (100%-owned)** Financials Revenue $5.5 billion $4.1 billion $9.6 billion Adjusted EBITDA $739 million $675 million $1.4 billion Operations
Slide 5: Global Footprint
Global Footprint ArdashGroun @ #2 Global Glass #3 Global Beverage Can
Slide 6: Resilient Performance in Q3
Resilient Performance in Q3 Improved 2026 guidance for AMP; AGP retains its previously lowered outlook despite increased energy costs Q3 Adjusted EBITDA broadly in line with prior year quarter Q3 global shipments growth • AMP Q3 Adjusted EBITDA growth of 2%, on a reported and constant currency basis
Slide 7: Our Global AGP Strategy
CLEARLY ARDAGH Our Global AGP Strategy » s Packaging G STRATEGIC CAPACITY & NETWORK EVOLUTION Matching market demand and deploying our people and resources in the right places to meet our customer needs END-TO-END PERFORMANCE Focusing relentlessly on efficiency and continuous improvement across our
Slide 8: Regional Updates Glass Packaging
Regional Updates Glass Packaging 8
Slide 9: Regional AGP snapshots
Regional AGP snapshots AGP global shipments decreased by 1% in Q3 2026 6% decline in North America in Q3 >1% increase in Europe & Africa in Q3 North America Europe Africa • 6% decline in Q3, below • 1% growth in Q3, primarily • 2% growth in Q3, cycling a more expectations. Significant driven by stro
Slide 10: Q3 Financial review
Q3 Financial review 10
Slide 11: Ardagh Group key financial metrics
Ardagh Group key financial metrics Third quarter 2026 Three months ended Three months ended Nine months ended Nine months ended September 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 Revenue 2,785 2,504 8,074 7,215 Loss for the period (164) (326) (459) (535) Pre-exceptional loss
Slide 12: Financial bridge
Financial bridge Three months ended September 30, 2026 Revenue $m AMP AMP AGP AGP Group Europe Americas Europe & Africa North America Revenue Q3 2025 625 803 709 367 2,504 Movement 75 198 22 (17) 278 FX translation (7) - 10 - 3 Revenue Q3 2026 693 1,001 741 350 2,785 Adjusted EBITDA $m AMP AMP AGP A
Slide 13: Ardagh Group net debt and available liquidity
Ardagh Group net debt and available liquidity At September 30, 2026 Amount drawn Undrawn amount $m ARGID Group * Unrestricted Group ** Total Group Senior Secured First Lien Notes 1,501 - 1,501 - Senior Secured Second Lien Notes 2,682 - 2,682 - South African Senior Facilities 494 - 494 25 Global Asse
Slide 14: ARGID Group maturity profile
ARGID Group maturity profile* At September 30, 2026 ARGID Group Borrowings • On July 28, 2026, Ardagh Group 4,500 announced the results of its Excess 4,000 Proceeds Offer, following which 3,500 approximately $90.4 million, arising 3,000 $2,682 from the redemption of the AMP Debt ($m) 2,500 preferred
Slide 15: Supplemental information
Supplemental information 15
Slide 16: Reconciliation of loss for the period to Adjusted EBITDA
Reconciliation of loss for the period to Adjusted EBITDA Three months ended September 30, Nine months ended September 30, 2026 2025 2026 2025 $m $m $m $m Loss for the period (164) (326) (459) (535) Income tax charge 6 (9) 33 8 Net finance expense 203 171 648 483 Depreciation and amortization 199 228
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