Silgan : Investor Relations Presentation

WELCOME

Silgan Holdings Inc.

Investor Relations Presentation

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PRESENTATION NOTES

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, 2023 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 www.silganholdings.com

©2024 Silgan Holdings Inc. All Rights Reserved.

2

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, other pension income for U.S. pension plans, rationalization charges, costs attributed to announced acquisitions, purchase accounting write-up of inventory and European Commission settlement. "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, other pension income for U.S. pension plans, rationalization charges, European Commission settlement, costs attributed to announced acquisitions, loss on early extinguishment of debt and purchase accounting write-up of inventory. "Free Cash Flow" means net cash provided by operating activities less capital expenditures, adjusted for changes in outstanding checks, and "Free Cash Flow per Diluted Share" means Free Cash Flow divided by the number of weighted average diluted shares.

©2024 Silgan Holdings Inc. All Rights Reserved.

3

Investment Overview

Defensive end markets with portfolio evolution to organic growth

Meaningful capital deployment opportunity with strong track

record creating value

Product offering strategically positioned to benefit from

sustainability trends in packaging

©2024 Silgan Holdings Inc. All Rights Reserved.

4

$6.0B¹ Sustainable Rigid Packaging Company for Consumer Goods

Health Other

Care 1%

3%

Personal

Care &

Beauty

14%

Home Care,

Lawn & Garden

7%

Beverage

10%

End

Markets

Dispensing

& Specialty Closures	ROW

	49%		10%
	37%
			Europe
Food	Segments 11%	Custom	19%
Containers	Geography
49%

2023 Revenue	11%
52%	USA
71%

Pet Food

16%Metal

Containers

40%

2023 REVENUE		2023 Adjusted EBITDA³
40¹	>100¹	106²
acquisitions	countries
plants
over 36 years	served

1. Data as of 12/31/2023
2. Data as of 5/1/2024
3. Excludes Corporate

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

Refer to slide 32 for reconciliation of GAAP amounts to non-GAAPamounts and for calculation of Adjusted EBITDA. ©2024 Silgan Holdings Inc. All Rights Reserved.

	2023 REVENUE
14,400¹	23%²
insider and
employees	co-founders
	ownership

5

Unique Business Model

	Our cash deployment model gives us the
✓ Proven leadership team	flexibility to selectively grow and create
franchise positions in the packaging industry
✓ Focused segment management

✓ Customer-focused

✓ Metric-driven culture

✓ Track record of value creation

✓ Disciplined deployment of free cash flow ✓ Core competency in M&A

✓ Long-term focus

✓ Constancy of purpose

©2024 Silgan Holdings Inc. All Rights Reserved.

6

Cornerstone Business Strategy

Build and enhance franchise positions

• Sustainable competitive advantage
• Supply best value in industry by focusing on unique needs of customers

©2024 Silgan Holdings Inc. All Rights Reserved.

Deploy strong Free Cash Flow

• Growth through targeted acquisitions
• Other cash deployment to drive shareholder value

Earnings growth

and value creation

• Top tier earnings growth in Packaging sector
• Consistent long-term shareholder value creation

7

Leading Positions in Our Markets

			SEGMENT	OUR OUTLOOK

Dispensing & Specialty Closures

Leading positions in:

•	Global fragrance dispensers	✓	Dispensing packaging solutions growth drives mix
•	Global trigger sprayers
	and margin enhancement
•	Global dispensing pumps
•	Global metal closures for food and beverage	✓	Significant M&A opportunities

• North American plastic closures
  (excluding water and carbonated soft drinks)
• North American dairy closures

Metal Containers

Leading positions in:

• Global pet food cans
• North American soup and simple meal cans
• North American metal food cans
• Eastern European food cans

• Sustainability advantaged package
• • Most recycled food & beverage packaging in the World
• Growth in Pet Food and Protein markets
• Long-termcontracts with cost pass-through

©2024 Silgan Holdings Inc. All Rights Reserved.

Custom Containers

Leading positions in:

• Global retortable plastic food and pet food containers
• North American plastic containers for home care and personal care

• Customer focus to drive growth
• Continued cost discipline

8

Sustainability Highlights

Product Highlights - ~95% of the products our Company produces are recyclable

• Metal can and closures highlights:
• • 100% recyclable
  • Infinitely recyclable
  • Up to 77% recycled content
  • The most recycled food package in the U.S. (58%)
  • Shelf stable and minimize food waste

• Plastic closures, bottles, and dispensers highlights:
• • Products provide unique attributes only available in plastics
  • Businesses are committed to increasing plastics recycling
  • We offer the largest portfolio of PCR dispensing products
  • Tethered plastic closures increase recycling rates
  • We produced over 125M PCR bottles in 2023

Environment

• In 2022, ~90% of waste generated at our facilities was recycled
• In 2022, we reduced our direct emissions by 15% from our base year (2017)
• In 2022, 16% of our total electricity consumption came from renewable sources
• We increased the amount of energy we consumed from renewable sources by 22x from 2017-2021

Social

• In 2022, we achieved a 6% decrease in Long Term Injury Rate from 2021 and a 22% decrease in Recordable Incident Rates from 2021
• We had a coordinated COVID response across all of our facilities through our Silgan Strong program

Governance

• Our ESG Committee drives progress on key ESG initiatives
• We continue to grow our partnerships with ESG groups to continue to drive impacts across our segments:

©2024 Silgan Holdings Inc. All Rights Reserved.

9

DISPENSING AND SPECIALTY CLOSURES

©2024 Silgan Holdings Inc. All Rights Reserved.