ardagh metal beveragewhen will pa vote on senate bill 350 2021

We sell different types of products and services to both investment professionals and individual investors. Website (562) 699-9800. Thank you, guys. Under no circumstances should the inclusion of such forward-looking statements in this release 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. Commitment alongside our global supply chain partners to the Aluminium Forward 2030 coalition and the endorsement of the Mission Possible Partnership's net zero strategy, supporting actions to achieve the industry's net zero carbon footprint ambition. Is there ability for some shift there? Forward-looking statements speak only as of the date they are made. And as David just mentioned, we've got a very tough comparator coming in Q2 where post COVID, the market opened up very fast and very strong. The foregoing list of factors is not exhaustive. Okay. The people that make up Ardagh share much more than a strong brand and an excellent reputation. But on the direct energy piece, yes, there will clearly be some get back with the dropping of the energy price. Why have a dividend that high and at that level relative to your equity and relative to your cash flow now? We will achieve our vision by delivering customer innovation, providing an inspirational environment for our people and creating sustainable value for our business through growth and development. Cookie Policy | Privacy Statement | Terms&Conditions. AMP is a global leader in the supply of sustainable and infinitely-recyclable beverage cans. I guess maybe if it's more helpful to talk by categories, that's fine and you could do that. But even within beer, we have some very high performers. And then just last one here on CapEx. We definitely see soft drinks a bit stronger than beer overall. Making new glass bottles and jars from recycled glass reduces the amount of energy needed in the production process and lowers emissions into the atmosphere. Okay. Ardagh Metal Packaging is benefiting from long-term megatrends, including sustainability and changing consumer preferences, said Paul Coulson, Chairman and CEO of Ardagh. The market we put, probably a low single digit for the quarter, mainly on the back of the strength, there's still growth in some of the newer players in the market. We laid the groundwork in 2020 by partnering with Project Lead The Way (PLTW) due to their high impact, national reach, experience serving under-served students and strong management. See Forward-Looking Statements above. Gores Holdings V, Ardagh and AMP and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Gores Holdings Vs stockholders in connection with the proposed Business Combination. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed Business Combination may be obtained by reading the proxy statement/prospectus regarding the proposed Business Combination when it becomes available. 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. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Ardagh Group is a leading global supplier of value-added, infinitely-recyclable, metal and glass packaging solutions. So the European business takes a step up from here. On a constant currency basis, revenue increased by 2%, reflecting favourable volume/mix effects and the pass-through to customers of higher input costs. Shipments for the quarter grew by 2% on the prior year. Revenue increased by 1% to $645 million in the three months ended March 31, 2023, compared with $638 million in the same period last year, principally reflecting favorable volume/mix impacts, partly offset by lower metal cost pass through. We also had softness with the beer customer. So there clearly is capacity available in all 3 markets, but I think everybody is making sure to take the actions to run at a good utilization level. The combined company is expected to have an enterprise value of approximately $8.5 billion at closing, representing 10.5x AMPs projected 2022 Adjusted EBITDA. We have also added an earnings presentation on to our investor website for your reference. And then I don't know exactly, I know it varies jurisdiction, a jurisdiction in terms of bankruptcy protection rights, but will this enable sort of that customer to come back and renegotiate contracts with yourselves and, presumably, those others in the market? We're encouraged by the early signs of an improvement in demand with a small increase in promotional activity, which we expect to strengthen over the coming months through the peak summer season. Thanks, Ellen, and thank you to everyone on the call. Credit: Shutterstock. View original content to download multimedia:https://www.prnewswire.com/news-releases/ardagh-metal-packaging-sa--first-quarter-2023-results-301809466.html. As we step through that, of course, you get the benefit to raw materials, but you get the step-down in payables. Thank you, operator, and welcome, everybody. And the third element is that our program included a significant proportion of seltzers, which had a very strong mix impact in our numbers. 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Ardagh Group is a global supplier of infinitely recyclable metal and glass packaging for the world's leading brands. Sort:Default. And then I know you've given a lot of color regarding the categories in some of the regions. I was going to hit it later. Adjusted EBITDA of $130 million was down 8% on the prior year on a constant currency basis. Ardagh Metal Packaging (AMP), 75%-owned by Ardagh Group islisted on the New York Stock Exchange. If you have an ad-blocker enabled you may be blocked from proceeding. Ardagh Group is a global supplier of sustainable, infinitely recyclable, metal and glass packaging for brand owners around the world. Which Will Outperform: U.S. Stocks or International? They've always been very promotional, and there's no reason, I think, to believe that won't reassert itself at some point. Ardagh Metal Packaging (AMP) is a leading global supplier of infinitely recyclable, sustainable, metal beverage cans and ends to brand owners. Claim this business (419) 355-8222. The hard seltzer category accounted for 8% of North America shipments in the quarter, with the segment remaining under pressure. We operate 65 metal and glass production facilities in 16 countries, employing more than 20,000 people. Why the drag on working capital, why you expect to get it back to the source of $100 million, I think you said for the year? A metal beverage packaging leader in the Americas Ardagh is at the forefront of aluminum beverage packaging, with 11 production facilities throughout the Americas. Is that part of your European outlook as well? Metal offers versatility, unlimiteddesign and brand building opportunities like no other material and is used across the world in many market sectors. Ardagh Metal Packaging S.A. (AMBP) Q1 2023 Earnings Conference Call April 27, 2023 9:00 AM ETCorporate ParticipantsStephen Lyons - IROliver Graham - Chief Executive OfficerDavid Bourne -. This press release contains certain AMP projected financial information. Under the Social pillar of our sustainability strategy, Ardagh committed to invest approximately $50 million from 2021-2032 in the local communities in which our U.S. facilities are located. The minimum refund value established for each type of eligible beverage container is 5 cents for each container under . Highlights. This release 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. From Wells Fargo Securities, we will take the next question from Gabe Hajde. Some of the pricing actions that are being taken that are very different across our customer base. About Search Results. Metal packaging is universally recognised for its protective qualities, versatility and environmental credentials. Management of Ardagh and Gores Holdings V will host an investor conference call on February 23, 2021 at 9:00 a.m. EST / 6:00 a.m. PST to discuss the proposed business combination. For more, click here. Our investments in Huron, Ohio, Winston-Salem in North Carolina and Olive Branch, Mississippi position us favorably for future growth. Ardagh Metal Packaging S.A. (NYSE: AMBP) will hold its first quarter 2023 earnings webcast and conference call for investors at 9.00 a.m. EDT (2.00 p.m. BST) on April 27, 2023. So yes, keep an eye on off-trade penetration of cans is the number to look for. So exactly. And so their main problem at the moment is to try and to get that from a position where there is almost no one way. ARDAGH METAL BEVERAGE USA INCORPORATED EPA Registry Id: 110001360214 4001 MONTDALE PARK DRIVE VALPARAISO, IN 46383-0607 Query executed on: APR-14-2023 Additional information for CERCLIS or TRI sites: This information resource is not maintained, managed, or owned by the Environmental Protection Agency (EPA) or the Envirofacts Support Team. Oliver Graham, CEO of Ardagh Metal Packaging, said: . Pat Walsh 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. And so we don't see that impacting us because those are known events in the near term. Any forward-looking information presented herein is made only as of the date of this release, 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. We operate 65metal and glass production facilities in 16countries, employing more than 20,000 people. And we're doing that either through some closures, as we've signaled in our Europe business, with the steel line, all we're doing it through curtailment actions, so taking down capacity and reducing cost as far as possible through that because we intend to run in the 90s, and that's the situation we're going to monitor. (1) For a reconciliation to the most comparable IFRS measures, see Page 7. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Our philosophy of continuous improvement extends to a superior level of on-site services to our customers worldwide. On closing of these transactions, in addition to its holding in AMP, Ardagh will retain 100% ownership of its glass packaging business as well as its 42% stake in Trivium Packaging BV. Ardagh Metal Packaging S.A. (NYSE: AMBP) today announced results for the first quarter ended March 31, 2023. AMP will hold Ardaghs metal packaging business, which is a leading supplier of beverage cans globally, with a particular focus on The Americas and Europe. It should not be relied upon as being indicative of future results. Then that gets us into a very sustainable position for funding the dividend. A subsidiary of sustainable packaging. So I guess a quick one and then a high-level question for you. Could you comment on that in the context of capacity? Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. 2023 outlook reaffirmed: shipment growth of mid to high single digits and full year 2023 Adjusted EBITDA growth of the order of 10%, weighted towards the second half of the year. Metal beverage cans are one of the most recycled drinks package in the world, contributing to a circular economy.. Turning our attention to AMP's first quarter results. Regular quarterly ordinary dividend of 10c announced, in line with guidance for an annual dividend of 40c per share. Yes. How we use your information depends on the product and service that you use and your relationship with us. AMP's earnings release and related materials for the first quarter can be found on AMP's website at www.ardaghmetalpackaging.com. Ardagh Metal Packaging S.A. (AMBP) Q1 2023 Earnings Conference Call April 27, 2023 9:00 AM ET. So yes, no particular trend, I think in there. Adjusted EBITDA for the quarter was $81m, decreasing by 9% compared to $89m in the same period last year, primarily driven by input cost headwinds and higher operating costs, partly offset by favourable volume/mix effects. So just anything that you can speak to in terms of one substrate winning or not in the beer category down there and then what we should be looking for in the outside world that could kind of reaccelerate that transition to one way versus returnable. * Ardagh Metal Beverage North America produces more than 15 billion cans and can ends annually? I believe all your growth investments will be largely completed in terms of the one that we expect to do. So just to clarify that whether it's kind of No, I certainly would say that. AMP operates 24 metal beverage can production facilities in nine countries, employing more than 6,300 people with sales of approximately $4.7bn. The consistent pursuit of market-leading John Sheehan We haven't guided to it. Aluminum beverage packaging offers versatility and unlimited design opportunities, is unbreakable, is impermeable and its tamper-proof qualities deliver true package safety. Cash outflow in the period which reflects seasonality and a first half weighting of unchanged planned growth capex was marginally ahead of expectations. So what are you seeing across the regions in terms of the buying patterns as well? They're saying it publicly, and I think the major CSD player in the last week or so has absolutely signaled that they want to both carry on hitting the higher end of the market, but definitely hitting the lower end and the more economically challenged consumers because they don't want to lose those consumers to their brand. Verify your identity, personalize the content you receive, or create and administer your account. We delivered a solid performance in the first quarter and met our market guidance. Before moving to your questions, we will first provide some introductory remarks around AMP's performance and outlook. Paul Coulson, Chairman and CEO of Ardagh, will serve as Chairman and Shaun Murphy, COO of Ardagh, will serve as Vice Chairman of the Company following the closing of the transaction. We will continue to focus on working capital efficiencies, and our guidance for a full year working capital benefit of approximately $100 million remains unchanged. So mix is important, and it can vary quite a bit month-to-month. There is some acceleration in volume received in our guidance in the second half, and we can talk more about the markets and why we've got that assumed. Categorized under Can Manufacturers. Ardagh Group also holds a 42% interest in Trivium Packaging, a leading supplier of sustainable metal packaging Most recently worked as the Quality Manager for Ardagh Metal Beverage, in Chicago, IL. And then in terms of why we're confident in timing through the rest of the year, I think that we've had signals from customers that they're looking into additional promotions for Q2 and beyond. Revenue in the Americas in the first quarter . We are fully hedged for the current year and have significantly progressed our energy purchases for future years as prices have fallen. Indianapolis, IN 46256. For interested investors who wish to participate, the conference call and replay details will be available on the Investors section of the Ardagh Group website at https://www.ardaghgroup.com/corporate/investors. So for '23, there's no impact of the falling energy because we're fully hedged, and the big customers were comfortable with the decisions we took there and accepted those into the '23 volumes. And our dedicated Research & Development team consistently works with customers to create innovations across shapes, label and tab designs, colors and functionality that enable brands to attract attention on store shelves. Please review the detail of AMP's forward-looking statements disclaimer and reconciliation of non-IFRS financial measures to IFRS financial measures in AMP's earnings release. This concludes the brownfield investments under our initial growth investment program. I think in Europe, we see that the consumer is still resilient, but they are clearly under pressure. We're encouraged by the early signs of a return to promotional activity and the easing of customer input cost inflation, which supports our expectations of improved H2 volumes. That's helpful. Combined Company Expected to Have Post-Transaction Enterprise Value of Approximately $8.5 Billion, Business Combination Includes up to $525 Million in Cash from Gores Holdings V and $600 Million Private Placement Led by Top-Tier Investors, Ardagh Group to Retain Approximately 80% Stake in Ardagh Metal Packaging and Receive up to $3.4 Billion in Cash.

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