Ardagh Metal Packaging S A : Credit Suisse Industrials Conference 2021 Presentation

Credit Suisse Industrials Conference

New York

December 1, 2021

Disclaimer

Forward-Looking Statements

This presentation may contain "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and Section 27A of the Securities Act of 1933. Forward-looking statements reflect the Company's current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words "believe," "expect," "anticipate," "will," "could," "would," "should," "may," "plan," "estimate," "intend," "predict," "potential," "continue," and the negatives of these words and other similar expressions generally identify forward-looking statements. It is possible the Company's future financial performance may differ from expectations due to a variety of factors including, but not limited to the

following:

1. global and regional economic downturn; (ii) competition from other metal and glass packaging producers and manufacturers of alternative forms of packaging; (iii) the Company's inability to maintain relationships with its largest customers or suppliers; (iv) less than expected increase in demand; (v) varied seasonal demands, climate and water conditions, and the availability and cost of raw materials; (vi) currency and interest rate fluctuations;

1. various environmental requirements (viii) the Company's substantial debt and its ability to generate cash and comply with financial covenants; (ix) the Company's ability to integrate acquired businesses and achieve expected operating efficiencies and cost savings; (x) the availability and cost of raw materials and energy; (xi) foreign currency, interest rate, exchange rate and commodity price fluctuations; (xii) operating hazards or unanticipated interruptions at our manufacturing facilities, including labor strikes or work stoppages; (xiii) claims of injury or illness from materials used at our productions sites or in our products; and (xiv) regulation of materials used in packaging and consumer preferences for alternative forms of packaging.

Any forward-looking statements in this document are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. Forward-looking statements are not a guarantee of future performance and actual results or developments may differ materially from expectations. While the Company continually reviews trends and uncertainties affecting the Company's results of operations and financial condition, the Company does not assume any obligation to update or supplement any particular forward-looking statements contained in this document.

Non-GAAP Financial Measures

This presentation may contain certain financial measures such as Adjusted EBITDA, Adjusted operating cash flow, Adjusted free cash flow, net debt and ratios relating thereto that are not calculated in accordance with IFRS or US GAAP. Non-GAAP financial measures may be considered in addition to GAAP financial information, but should not be used as substitutes for the corresponding GAAP measures. The non-GAAP financial measures used by AMP may differ from, and not be comparable to, similarly titled measures used by other companies.

This presentation does not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities, including in the United States, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Specifically, this presentation does not constitute a "prospectus" within the meaning of the Securities Act.

The Company routinely posts important information on its website - http://www.ardaghmetalpackaging.com/corporate/investors

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A compelling investment opportunity

• Pre-eminentpure play beverage can company focused on 100% sustainable products
• Long-termindustry megatrends and environmentally-conscious end consumers driving inflection point in beverage can demand
• Exceptional, multifaceted growth opportunity backed by long-term customer contracts
• Outsized customer relevance
• Compelling financial profile with contracted revenue, expanding margins and significant free cash flow generation
• Entrepreneurial owner manager culture
• Ardagh Group a committed, supportive long-term shareholder

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Business highlights

100%	100%
Infinitely	Pure play
recyclable products	beverage can
#2 / #3	5+ years
Player across	Contract length on
geographies	new capacity

Financial highlights

$3.9bn+50%

Q3-21 LTM Revenue2024E volume growth

$660 -	20%
$1,117m
'21E - '24E Adj. EBITDA	'21E - '24E Adj. EBITDA
	CAGR

A global leader in sustainable aluminum packaging solutions

• 24 strategically located production facilities
• Customers require significant scale and network flexibility
• Expansion projects underway in all geographies

AMP's manufacturing footprint

Europe	North America	Brazil
47%	43%	10%

% of total sales(a)

• Top 3 player in consolidated and rational industry

#2	Europe	#3	North America	#3	Brazil
		2019A market share
Europe	North America		Brazil
Other
CCK			Other		CP
CP	Ball		Ball	15%		Ball

CCK

15%

28%

CCK

Specialty cans as % of AMP total volume(a)

~40%

~45%

>55%

1. represents 2020A data; (b) Represents 2020E ‒ 2023E demand CAGR

Source: Company Information, Wall Street Research

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Top 3: ~80%

Top 3: ~80%

Top 3: ~90%

Market growth(b)

~5%

5-7%

6-10%

Leading the way in sustainability - environmentally, ecologically and socially

Emissions & ecology

Social

Minimize our

GHG emissions

• Achieve 100% renewable electricity
• Implement energy efficiency projects
• Increase recycled content
• Innovate in product design
• Partner on low carbon transport
• Source sustainably
• Reduce VOC emission intensity by 10%
• Aligned with Science-Based Targets

Minimize our

ecological impact

• Reduce water intensity by 20%
• Zero waste to landfill
• Support increased recycling and use of recycled content
• Promote circularity narratives on use of infinitely recyclable metal

Our people & communities

• Engage proactively with local communities via grassroots initiatives
• $50m STEM education investment in Project Lead the Way initiative

Committed to Science Based Targets and Signatory to the UN Global Compact committing to the UN's 17 Sustainable Development goals

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