Crown Holdings, Inc.

Annual Meeting of Shareholders

April 28, 2022

NOTES TO INVESTORS

  • ➢ Except for historical information, all other information in this presentation consists of forward-looking statements within the meaning of federal securities law. These forward-looking statements involve a number of risks, uncertainties and other factors, that may cause actual results to be materially different from those expressed or implied in the forward-looking statements. Important factors that could cause the statements made in this press release or the actual results of operations or financial condition of the Company to differ are discussed under the caption "Forward Looking Statements" in the Company's Form 10-K Annual Report for the year ended December 31, 2021 and in subsequent filings. The Company does not intend to review or revise any particular forward-looking statement in light of future events.

  • ➢ Adjusted EBITDA, adjusted EPS, adjusted free cash flow and adjusted net leverage ratio are not defined terms under U.S. generally accepted accounting principles (non-GAAP measures). Non-GAAP measures should not be considered in isolation or as a substitute for net income, cash flow or total debt data prepared in accordance with GAAP and may not be comparable to calculations of similarly titled measures by other companies. Adjusted EBITDA, adjusted EPS, adjusted free cash flow and net debt leverage ratio are derived from the Company's Consolidated Statements of Operations and Cash Flows and Consolidated Balance Sheets, respectively, and reconciliations to non-GAAP measures, including adjusted EBITDA, adjusted EPS, adjusted free cash flow and adjusted net leverage ratio, can be found in the "For Investors" section of the Company's

    website atwww.crowncork.com

OVERVIEW

Sales By Region*

Asia

Europe, Middle East & North Africa

Central & South America

United States & Canada

40 countries

  • • Commitment to safety and operational excellence

  • • Approximately 26,000 employees

    By Product*

    Beverage

    200 plants

  • • Sustainable and infinitely recyclable products. Cans are the world's most recycled beverage package

  • • Focus on market-leading beverage can platforms in Southeast Asia, Mexico and Turkey; strong presence in North America, Europe and Brazil

  • • Beverage can growth of 5% over last 5 years vs. industry at 3-4%

  • • Generate significant cash from operating activities

  • • Use cash flow from Food and Transit to fund beverage growth and return to shareholders

* Pro forma for divestiture of European Tinplate business

2021 HIGHLIGHTS

  • • Five-year adjusted EPS CAGR over 16%

  • • Generated $377 million adjusted free cash flow in 2021 and $3.5 billion from 2016 to 2021

  • • Global beverage can volume growth of 9% following 4% in 2020 and 4% in 2019

  • • Invested $1.4 billion in capital projects primarily to support beverage can growth in 2020 and 2021

  • • Sold European Tinplate Business for $2.7 billion

  • • Full and final settlement of $3 billion UK Pension Plan

  • • Initiated dividend in 2021

  • • Repurchased $950 million shares in 2021

  • • Announced authorization to repurchase $3.0 billion of Company shares through 2024

  • • Year-end 2021 net leverage ratio at 3.2x EBITDA

2022 OUTLOOK

  • • Invest an additional $1.0 billion in capital projects in 2022 primarily to support beverage can growth

  • • Forecast to grow global beverage can volumes by 8% in 2022

  • • Repurchase $1.0 billion in Company stock

  • • Project $1.970 billion in EBITDA in 2022 compared to $1.5 billion in 2020

  • • Target net leverage ratio remains approximately 3.25x

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Disclaimer

Crown Holdings Inc. published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 15:06:02 UTC.