Full year results 2022
SIG Group
Samuel Sigrist, CEO
28 February 2023
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For any factors that could cause actual results to differ materially from the forward-looking statements contained in this presentation, please see our offering circular for the issue of notes in June 2020. SIG undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise. It should further be noted that past performance is not a guide to future performance. Persons requiring advice should consult an independent adviser.
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This presentation is not an offer to sell or a solicitation of offers to purchase or subscribe for securities. This document is not a prospectus within the meaning o the Swiss Financial Services Act nor a prospectus under any other applicable law.
In this presentation, we utilise certain alternative performance measures, including but not limited to EBITDA, adjusted EBITDA, adjusted EBITDA margin, net capex, adjusted net income, free cash flow and net leverage ratio that in each case are not defined in International Financial Reporting Standards ("IFRS").
These alternative non-IFRS measures are presented as we believe that they and similar measures are widely used in the markets in which we operate as a means of evaluating a company's operating performance and financing structure. Our definition of and method of calculating the measures stated above may not be comparable to other similarly titled measures of other companies and are not measurements under IFRS, as issued by the IASB or other generally accepted accounting principles, are not measures of financial condition, liquidity or profitability and should not be considered as an alternative to profit from operations for the period or operating cash flows determined in accordance with IFRS, nor should they be considered as substitutes for the information contained in our consolidated financial statements. You are cautioned not to place undue reliance on any alternative performance measures and ratios not defined in IFRS included in this presentation.
Alternative performance measures
For additional information about the alternative performance measures used by management (including reconciliations to measures defined in IFRS and the refined definitions of adjusted net income, free cash flow and net capital expenditure please refer to this link: https://www.sig.biz/investors/en/performance/definitions
Some financial information in this presentation has been rounded and, as a result, the figures shown as totals in this presentation may vary slightly from the exact arithmetic aggregation of the figures that precede them.
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Overview 2022
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Business Highlights
Implementing our strategy and driving growth
Acquisitions of Scholle
IPN and Evergreen
Asia
Broadening leadership in sustainable packaging systems and solutions
Strong revenue performance from bag-in-box and spouted pouch
Integration progressing well with initial revenue synergies coming through
Growth in all regions
Strong volume growth supplemented by price increases
Pricing momentum increasingly offsetting cost inflation
2023 price increases underway
High demand for aseptic fillers
Strong level of filler placements - 91 fillers placed in 2022.
Continued strong demand into 2023
Positive leading indicator for future growth
Investing in our global manufacturing presence
Commencement of commercial production of Mexican aseptic carton plant
Construction of Indian aseptic carton plant 2023 - 2024
Management appointments
CTO: Gavin Steiner - former vice president global R&D packaging and technology at Nestlé
CSCO: Ian Wood - now responsible for global supply chain and production of SIG's entire expanded product offering
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SIG continues to be an industry leader in sustainability
ESG ratings - SIG consistently rated highly
FTSE4Good - SIG Group AG is now a constituent of the FTSE4Good Index Series(1), which is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices.
EcoVadis Platinum - Our 2022 Platinum rating from EcoVadis again puts SIG in the top 1% of businesses participating in its latest sustainability assessment.
Delivering on our sustainability commitments
100% of aseptic carton business deemed eligible under EU taxonomy as helping customers to reduce their carbon emissions, following self-assessment; alignment underway with independent 3rd party.
New GHG emission targets - ambitious targets to reduce Scope 1, 2 and 3 emissions by 52% per litre packed by 2030 from a 2020 baseline for SIG Group
- includes bag-in-box, spouted pouch and chilled carton segments
- in approval process with Science Based Targets initiative.
(1) Following the FTSE4Good Index Series December 2022 review, FTSE Russell (the trading name of FTSE International Limited | ||
and Frank Russell Company) confirms that SIG Group AG has been independently assessed according to the FTSE4Good | 28 FEBRUARY 2023 | FY RESULTS 2022 | 5 |
criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. The FTSE4Good indices | ||
are used by a wide variety of market participants to create and assess responsible investment funds and other products. |
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SIG Group Ltd. published this content on 28 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2023 06:54:05 UTC.