Ardagh Metal Packaging S A : Earnings Presentation

Ardagh Metal Packaging S.A. Second Quarter 2022 Update

Oliver Graham

CEO

David Bourne

CFO

28th July 2022

Disclaimer

Forward-Looking Statements

This presentation contains "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts and are inherently subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this presentation. Certain factors that could cause actual events to differ materially from those discussed in any forward-looking statements include the risk factors described in Ardagh Metal Packaging S.A.'s Annual Report on Form 20-F for the year ended December 31, 2021 filed with the U.S. Securities and Exchange Commission (the "SEC") and any other public filings made by Ardagh Metal Packaging S.A. with the SEC. In addition, new risk factors and uncertainties emerge from time to time, and it is not possible for us to predict all risk factors and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual events to differ materially from those contained in any forward-looking statements. Under no circumstances should the inclusion of such forward-looking statements in this presentation be regarded as a representation or warranty by us or any other person with respect to the achievement of results set out in such statements or that the underlying assumptions used will in fact be the case. Therefore, you are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking information presented herein is made only as of the date of this presentation, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

Non-IFRS 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. Non-IFRS financial measures may be considered in addition to IFRS financial information, but should not be used as substitutes for the corresponding IFRS measures. The non-IFRS financial measures used by Ardagh Metal Packaging S.A. may differ from, and not be comparable to, similarly titled measures used by other companies.

About Ardagh Metal Packaging

Ardagh Metal Packaging (AMP) is a leading global supplier of infinitely recyclable, sustainable, metal beverage cans and ends to brand owners. A subsidiary of sustainable packaging business Ardagh Group, AMP is a leading industry player across Europe and the Americas with innovative production capabilities. AMP operates 24 production facilities in nine countries, employing close to 5,800 employees and had sales of $4.1 billion in 2021.

For more information, visithttps://www.ardaghmetalpackaging.com//investors

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Introduction

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Ardagh Metal Packaging at a glance

• Ardagh Metal Packaging (AMP)(NYSE: AMBP) is a leading global beverage can manufacturer
• Geographically diversified - #2 player in Europe and #3 player in North America and Brazil
• 24 strategically located production facilities serving a diversified mix of customers and market segments
• Strong industry tailwinds from new beverage categories and global sustainability initiatives
• Benefits from Ardagh Group's committed long term ownership and glass position with key customers

Revenue by destination	Specialty mix	Ordinary share ownership
			62%	25%
			48%
	~$4.6bn
43%	45%	Inc.
	Q2-2022
	LTM		50cl in	75%
		Europe
	12%
North America Rest of World Europe		Ardagh Group S.A Free Float

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Key messages

Q2-2022

Secular long-term growth trends supporting the beverage can remain intact

• Including category growth and expansion, pack-mix advantages and sustainability tailwinds
• AMP well-placed to capitalise given global footprint, deep customer relationships and key account relevance

Beverage can industry performance has historically proven resilient through economic cycles

• The defensive nature of our product helps to mitigate inflationary pressures to consumer demand

Taking action to recover exceptional energy cost inflation and growth plans have flexibility to respond to changing demand patterns

• Rephasing of planned growth investment, including in response to near-term weakness in the Hard Seltzer category

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