ardagh metal beverage

The second element is, we've not built out all the investment in the original program, so particularly the Brazil greenfield. So yes. The contribution from shipment growth was more than offset by higher operating costs. We continue to manage our capacity in a disciplined manner through curtailment actions that moderate our footprint ahead of growth in demand and that position the business for a period of investment-free growth. Our locations - Ardagh Group Headquartered in Luxembourg, the business supplies sustainable and infinitely-recyclable metal packaging to a diversified customer base of leading global, regional and national beverage producers. But at the minute, we don't see that significantly impacting on us again for the next year or two because of our overall position on contracts. This supports our expectation for a stronger second half demand outlook. And if so, how far along are you? We offer the latest innovations across such areas as decoration, label graphics, end design, and more. Adjusted EBITDA in the Americas decreased by 9% to $81 million in the first quarter. We are committed to conducting our activities with the highest standards of integrity and business practice in dealing with all of our stakeholders. Murray Group Maybe just because Anthony set it up, I'll cover the dividend. Ardagh Group And therefore, there's a very meaningful step-down into 2024. Visit our Privacy Policy for more information about our services, how GlobalData may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Copyright 2023 Morningstar, Inc. All rights reserved. We operate 65 metal and glass production facilities in 16 countries, employing more than 20,000 people. Yes. Contents are protected from air and light, with their distinct flavors preserved, Cans offer 360-degree branding opportunities. AMP's earnings release and related materials for the first quarter can be found on AMP's website at www.ardaghmetalpackaging.com. Talk to an Ardagh customer sales representative about how we can support the achievement of your brand and business objectives. Ardagh operates 56 metal and glass production facilities in 12 countries, employing more than 16,000 people with sales of approximately USD 7bn. And that's a fundamental shift, and we expect that to continue once the normalization occurs around the very high inflation that's occurred on the can in the last 6, 12 months in Brazil, which we talked about and others have talked about, that's about the LME and where our customers have to hedge LME, and it's also about the fact that with dollar price elements of the can, which in a devaluing currency environment obviously increases inflation. Sure. So for '23, there's no impact of the falling energy because we're fully hedged, and the big customers were comfortable with the decisions we took there and accepted those into the '23 volumes. This press release contains certain AMP projected financial information. I'd say you put those 3 components together, you're at or very close to covering the dividend mix. Ardagh Metal Packaging S.A. (AMBP) Q1 2023 Earnings Conference Call April 27, 2023 9:00 AM ET. Ardagh Metal Packaging to Combine With Gores Holdings V and List on Additional Information about the Business Combination and Where to Find It. Brett Valach - Sales, Reliability Solutions and Services - LinkedIn Are you feeling pretty good about your contracted position? Ardagh Metal Beverage Jobs, Employment | Indeed.com Our Sales team is uniquely qualified to discuss these product advantages and how Ardagh will deliver value across your entire business from design, to spec, to production and on-time delivery of the highest quality packaging in the industry. But in any event, perhaps we want to solve that on this call, but that's the only thing I'd point out there. So if you put all that together, would you characterize, if you can just help us understand the supply-demand balance in each of these markets. Ardagh Metal Packaging Invests in NOMOQ - Yahoo Finance Diaz v Ardagh Metal Beverage USA Inc - unicourt.com These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, intend, strategy, future, forecast, opportunity, plan, may, should, will, would, will be, will continue, will likely result, and similar expressions (including the negative versions of such words or expressions). Global beverage can shipments grew by 3% in the quarter, driven by growth of 4% in Americas and 2% in Europe. Ardagh Group - Wikipedia So I don't think you've got a single picture for the market. And so you get typically a stabilization. Assuming no share redemptions by the public stockholders of Gores Holdings V, approximately $525 million in cash held in Gores Holdings Vs trust account, together with the $600 million in private placement proceeds and approximately $2.3 billion of the new debt raised by AMP, will be used to pay up to $3.4 billion in cash to Ardagh, as well as to pay transaction expenses. There's been a lot of inflation there over the last couple of years. Gores Holdings V completed its initial public offering in August 2020, raising approximately $525 million in cash proceeds. Sure, Jay. The Company has a leading presence in the Americas and Europe and is the second-largest beverage can producer in Europe and the third-largest in North America and Brazil. Ardagh Metal Packaging operates 24 production facilities in nine. If we turn to North America, there's clearly strength in the soft drink side, CSD and especially the energy space, which is very hot, still a lot of innovation in that space, exciting new companies. So the quick answer to the quick question was, yes. These filings identify and address (or will identify and address) other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. 1286/2014 (as amended, the PRIIPs Regulation) for offering or selling the AMPSA Shares or otherwise making them available to retail investors in the EEA or in the UK will be prepared and therefore offering or selling the AMPSA Shares or otherwise making them available to any retail investor in the EEA or in the UK may be unlawful under the PRIIPs Regulation. Investors And I guess you'll talk about the regional trends maybe in some of the other questions. And then also similarly in Europe and Brazil, how did you characterize the supply and demand? It appears we have no further questions at this time. So overall, yes, here the point, but I think that the can growth will be good in Brazil going forward. So energy costs have risen very significantly as a proportion of household income. Sustainability at Ardagh is at the core of our operations. Oliver Graham, CEO of Ardagh Metal Packaging, said: "We delivered a solid performance in the first quarter meeting our market guidance, due to disciplined cost stewardship, actions to improve manufacturing efficiency and stronger input cost recovery. By clicking Accept all cookies, you agree to the storing of cookies on your device and to the associated processing of personal data to enhance site navigation, analyse site usage, and assist in our marketing and performance efforts. Investors and security holders will be able to obtain free copies of the Registration Statement and the Definitive Proxy Statement and all other relevant documents filed or that will be filed with the SEC by Gores Holdings V or AMP through the website maintained by the SEC at www.sec.gov, or by directing a request to Gores Holdings V, Inc., 9800 Wilshire Boulevard, Beverly Hills, CA 90212, attention: Jennifer Kwon Chou or by contacting Morrow Sodali LLC, Gores Holdings Vs proxy solicitor, for help, toll-free at (800) 662-5200 (banks and brokers can call collect at (203) 658-9400). What makes you confident your potential to realize this $300 million CapEx by year-end? And good volume growth in North America drove an adjusted EBITDA performance in both regions that was ahead of expectation and offset the softer performance in Brazil, where industry demand is slowly recovering. * Other non-current liabilities include liabilities for earnout shares of $52 million at March 31, 2023 (December 2022: $76 million) and warrants of $4 million at March 31, 2023 (December 2022: $7 million). The growth of our business over the past decade has been driven by our unrivalled expertise and commitment to innovation. [2] As of 2012, the company operated 89 facilities in 22 countries, employed approximately 23,500 people, and had approximately 7.7 billion in revenue. Aluminum beverage packaging offers versatility and unlimited design opportunities, is unbreakable, is impermeable and its tamper-proof qualities deliver true package safety. Hi, Arun. Ardagh operates 56 metal and glass production facilities in 12 countries, employing more than 16,000 people with sales of approximately $7 billion. We will take our first question from Anthony Pettinari from Citi. I had a question, two actually, on Brazil. I think you said Europe looking just to mid-single digit. I think if I recall correctly, your last quarter, your thought process was maybe industry does mid-single digit, and Ardagh, maybe is closer to low single digits. ", Bridge of 2022 to 2023 Revenue and Adjusted EBITDA. And if you look into the can side that are selling well at the moment, we don't see room for lots of movement there. The business has grown significantly since our acquisition of the metal beverage packaging business in 2016 and we have a clear roadmap that we believe will lead us to more than double Adjusted EBITDA by 2024, as we invest in support of our customers growth. The decrease in Adjusted EBITDA was principally due to negative volume/mix effects (including the seasonal rebalancing of the contract asset margin), partly offset by the pass through to customers of higher input costs. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address. Directions Advertisement. Net leverage at the end of the quarter, up 5.8x LTM adjusted EBITDA, was modestly better than our expectation and was despite a strengthening in the euro-dollar rate into the end of the quarter. Ardagh Group is a global supplier of infinitely recyclable metal and glass packaging for the world's leading brands. currency basis versus the prior year quarter. Claim this business (419) 355-8222. Our metal cans are available in a range of sizes from 8 oz. Please use the following webcast link to register for this call: https://event.webcasts.com/starthere.jsp?ei=1606643&tp_key=ceef72e355, United States/Canada: +1 800 239 9838International: +44 330 165 4027Participant pin code: 6230856, An investor earnings presentation to accompany this release is available at https://www.ardaghmetalpackaging.com/investors. Our Code of Conduct is a guide for conducting our business in an honest and professional manner.

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