Guala Closures S p A : Presentazione - Risultati 1Q 2021

Guala Closures Group

1Q 2021 Results

May 12, 2021

Disclaimer

Forward-looking Statements

This presentation may include, and the Company and its representatives may from time to time make, written or verbal statements which constitute "forward - looking statements", including but not limited to all statements other than statements of historical facts, including statements regarding our intentions, belief or expectations concerning our future financial condition and performance, results of operations, strategy, prospects, and future developments in the markets in which we operate and plan to operate.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future.

We caution you that forward-looking statements are not guarantees of future performance and that our actual financial condition, results of operations and cash flows, and the development of the industry in which we operate, may differ materially from (and be more negative than) those made in, or suggested by, the forward-looking statements contained in this presentation.

In addition, even if our financial condition, results of operations and cash flows, and the development of the industry in which we operate, are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in subsequent periods.

The Company undertakes no obligation to publicly update or publicly revise any forward-looking statements, whether as a result of new information, future events or otherwise. All subsequent written or verbal forward-looking statements attributable to the Company or to persons acting on the Company's behalf are qualified in their entirety by the cautionary statements referred to above.

No offer to purchase or sell securities

This presentation does not constitute a recommendation, an offer to sell, or a solicitation of an offer to buy any security issued by Guala Closures or any of its subsidiaries and may not be relied upon in connection with the purchase or sale of any security. None of the securities referred to herein have been, or will be, registered under the U.S. Securities Act of 1933, as amended, or the securities laws of any state or other jurisdiction of the United States or in Australia, Canada or Japan or any other jurisdiction where such an offer or solicitation would be unlawful (the "Other Countries") and there will be no public offer of any such securities in the United States. This presentation does not constitute or form part of any offer or solicitation to purchase or subscribe for securities in the United Sates or the other Countries.

* * *

Pursuant to Article 154-bis, paragraph 2, of Legislative Decree no. 58 of 24 February 1998, Anibal Diaz Diaz, in his capacity as manager responsible for the preparation of the Company's financial reports, declares that the accounting information contained in this Presentation reflects Guala Closures' documented results, financial accounts and accounting records.

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Guala Closures Group 1Q 2021 Results - Highlights

1Q 2021 highlights

	OUR TARGETS		OUR DELIVERY
F	Revenues Growth	Despite Covid impact, 1Q 2021 net revenues at constant FX growth by 0.9% vs
I	1Q 2020
N		At constant perimeter and FX, 1Q 2021 EBITDA +13.0% vs 1Q 2020
A	Profitability increase
N	Adj. EBITDA margin at 18.5% vs 16.5% in 1Q 2020
C
	NFP €474.7m, €10.5m increase vs YE 2020 due to business seasonality;
I
A	NFP & Cash Flow	Total Cash Flow absorption lower by €18.4m vs 1Q 2020 (€28.9m);
L
	FCF 1Q 2021 improved by €10.6m vs 1Q 2020
S
B
	Kenya: completed building expansion and increase of production capacity for
U	Investments
S	the main product (NipCap)
I
N
E	New product	New products launched, mainly in the luxury segment for the spirit market
S
S
C	M&A	Stake increase from 20% to 30% in SharpEnd, our partner for IoT packaging
O	development
R
P		April 30, 2021: new Board of Directors and Statutory Auditors appointed by the
O		shareholder Special Packaging Solutions Investments S.à r.l. ("SPSI")
R	Subsequent events:	May 6,	2021: CONSOB approved	the	Public Tender Offer	Prospectus
A
change in Corporate governance
promoted	by the shareholder SPSI	and	published on May 8,	2021, with
T
	acceptance period from May 18 to June 7, 2021
E

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1Q 2021: launch of new products - luxury

Tequila Conmemorativo 100% de Agave

Customer: Beam Suntory

Product: Tequila

Country: North America - USA & Mexico

Closure: varnished wood and agglomerated

Developed by: GC Mexico

Tequila Eterno

Customer: Tequila Centinela

Product: tequila

Country: USA

Closure: wood (varnished & engraving) & Kate OP closure

Developed by: GC Mexico

Tequila El Primero & Humoso

Customer: Tierra de Agaves

Product: Tequila

Country: North America - USA & Mexico

Closure: wood varnished & engraving, synthetic cork

Developed by: GC Mexico

Tequila Familia Camarena

Customer: Gallo

Product: Tequila

Country: North America - USA & Mexico

Closure: wood (varnished & tampo) & Bikini 28 closure

Developed by: GC Mexico

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