SIG COMBIBLOC SUSTAINABILITY AT THE HEART OF OUR BUSINESS

27/05/2021 DISCLAIMER

The information contained in this presentation is not for use within any country or securities of SIG in any state or jurisdiction in which, or to any person to whom such EBITDA to adjusted EBITDA and the estimated tax impact of the foregoing jurisdiction or by any persons where such use would constitute a violation of law. If an offer, solicitation or sale would be unlawful nor shall it or any part of it form the adjustments. The PPA depreciation and amortisation arose due to the acquisition this applies to you, you are not authorized to access or use any such information. basis of, or be relied on in connection with, any contract or investment decision. No accounting that was performed when the Group was acquired by Onex in 2015. No This presentation may contain “forward-looking statements” that are based on our securities may be offered or sold within the United States or to U.S. persons absent adjustments are made for PPA depreciation and amortisation other than in current expectations, assumptions, estimates and projections about us and our registration or an applicable exemption from registration requirements. Any public connection with the Onex acquisition. industry. Forward-looking statements include, without limitation, any statement that offering of securities to be made in the United States will be made by means of a may predict, forecast, indicate or imply future results, performance or prospectus that may be obtained from any issuer of such securities and that will Adjusted EBITDA and adjusted net income are not performance measures under achievements, and may contain the words “may”, “will”, “should”, “continue”, “believe”, contain detailed information about us. 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Undue reliance should not such jurisdiction. other performance measures determined or derived in accordance with IFRS or be placed on such statements because, by their nature, forward-looking statements operating cash flows determined in accordance with IFRS. involve risks and uncertainties, including, without limitation, economic, competitive, This presentation is not an offering circular within the meaning of article 652a of the Swiss Code of Obligations, nor is it a listing prospectus within the meaning of Additionally, adjusted EBITDA is not intended to be a measure of free cash flow for governmental and technological factors outside of the control of SIG Combibloc management’s discretionary use, as it does not take into account certain items such Group AG (“SIG”, the “Company” or the “Group”), that may cause SIG’s business, the listing rules of the SIX Swiss Exchange or a prospectus under any other applicable laws. as interest and principal payments on our indebtedness, working capital needs and strategy or actual results to differ materially from the forward-looking statements tax payments. We believe that the inclusion of adjusted EBITDA and adjusted net (or from past results). For any factors that could cause actual results to differ In this presentation, we utilise certain alternative performance measures including, income in this presentation is appropriate to provide additional information to materially from the forward-looking statements contained in this presentation, but not limited to, EBITDA, adjusted EBITDA, core revenue, adjusted net income, investors about our operating performance to provide a measure of operating please see our offering circular for the issue of Notes in June 2020. 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EBITDA is defined as profit or loss before net finance expense, income tax expense, alternative performance measures that are not included in the 2020 Annual Report Please also note that interim results are not necessarily indicative of the full year depreciation of property, plant and equipment and right-of-use assets, and but only in this presentation, definitions of such measures are generally included in results. Persons requiring advice should consult an independent adviser. 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Neither to, transaction- and acquisition-related costs, restructuring costs, www.sig.biz/investors/en/performance/key-figures SIG nor any of its directors, officers, employees, agents, affiliates or advisers is unrealised gains or losses on derivatives, gains or losses on the sale of non- under an obligation to update, correct or keep current the information contained in strategic assets, asset impairments and write-downs and share of profit or loss of Some financial information in this presentation has been rounded and, as a result, this presentation to which it relates or to provide the recipient of it with access to joint ventures, and to include the cash impact of dividends received from joint the figures shown as totals in this presentation may vary slightly from the exact any additional information that may arise in connection with it and any opinions ventures. arithmetic aggregation of the figures that precede them expressed in this presentation are subject to change. Adjusted net income is defined as profit or loss adjusted to exclude certain items of Please note that combismile is currently not available in , Great Britain, The presentation may not be reproduced, published or transmitted, in whole or in significant or unusual nature, including, but not limited to, the non-cash foreign France, Italy and Japan. part, directly or indirectly, to any person (whether within or outside such person’s exchange impact of non-functional currency loans, amortisation of transaction organization or firm) other than its intended recipients. The attached information is costs, the net change in fair value of financing-related derivatives, purchase price not an offer to sell or a solicitation of an offer to purchase any security in the allocation (“PPA”) depreciation and amortisation, adjustments made to reconcile United States or elsewhere and shall not constitute an offer, solicitation or sale any 2 27/05/2021 SUSTAINABILITY 2021 SIG BUSINESS MODEL RESILIENCE AND SUSTAINABILITY

27/05/2021 LEADING SYSTEMS & SOLUTIONS PROVIDER FOR ASEPTIC PACKAGING

1 GLOBAL FOOTPRINT WITH INTEGRATED SUPPLY CHAINS #2 system Razor/razor- 1,266 fillers in the provider globally blade business field in resilient, growing model with long- end-markets term customer relationships

Core revenue Adj. EBITDA Track record of €1.8bn margin 27.4% growth and margin Post-tax ROCE expansion 29.5%

End-markets2 Aseptic share3 (volume) Americas 18% EMEA 45% APAC 37% Liquid dairy Other Installed filler base: 160 Installed filler base: 687 Installed filler base: 419 9% 6% 21 SIG 24% SIG 19% Non- SIG 16% 22% carbonated Tetra Pak Tetra Pak 71% Tetra Pak 58% Tetra Pak 84% soft drinks 15 Others 5% 64 Others 23% Food SIG 69% 1. Core revenues 2. Revenue 2020 3. Share of global aseptic liquid dairy, non-carbonated soft drinks & aseptic/retort liquid food carton supply in core geographies excl. Japan, India, Peru, Argentina, Chile in 2019

Note: Financials and other statistics as of December 31, 2020 unless noted otherwise.

4 27/05/2021 SUSTAINABILITY 2021 SIG IN THE FOOD AND BEVERAGE VALUE CHAIN

Filling technology Technical Service Complete and packaging customised material solutions

~600 field service engineers Innovative and Filling lines differentiated Spare parts delivery products worldwide Smarter Carton packs factories Technical support

More Closures Five regional connected training centres packaging

Sleeve-based packaging systems Flexible services to maximise providing 270+ packaging reliability and efficiency in food Added value through options to our customers and beverage production customised complete solutions

5 27/05/2021 SUSTAINABILITY 2021 RAZOR-RAZORBLADE BUSINESS MODEL FOSTERS LONG-TERM CUSTOMER PARTNERSHIPS

TOP 10 CUSTOMERS

% OF 2020A LENGTH OF CUSTOMER SLEEVES RELATIONSHIP REVENUE

1 8% >20 YEARS

2 5% >15 YEARS

3 4% >35 YEARS

4 4% >40 YEARS

5 3% >35 YEARS

6 3% >40 YEARS

7 2% >40 YEARS

8 2% >10 YEARS

9 2% >20 YEARS

10 2% >40 YEARS >30 YEARS ON TOTAL 35% ANNUAL CUSTOMER RETENTION RATE OF ~99% AVERAGE

Note: 2020 data

6 27/05/2021 SUSTAINABILITY 2021 SUSTAINABLE BY NATURE SIG ASEPTIC CARTON PACKAGING

RENEWABLE FULLY RECYCLABLE 1 Beverage are made RESPONSIBLE In 2019, 51% of beverage cartons in the EU were recycled. on average with 75% 100% of the paperboard used to paperboard, a renewable Notable examples: manufacture our cartons is Germany: 76%2 material. procured as FSCTM certified France: 51%3

RESOURCE EFFICIENT Through continuous innovation, the beverage carton industry has reduced the amount of materials LOWEST CARBON FOOTPRINT used compared to 20 years ago. Our cartons perform best compared to other packaging alternatives as proven by independent Life Cycle Assessments.4 1 In 2019, 51% of beverage cartons in the EU were recycled. 2 Reported by FKN (FachverbandKartonverpackungenfürflüssigeNahrungsmittele.V.). 3 Reported by ACN (Alliance Carton Nature). 4 Independent Life Cycle Assessments conducted by IFEU Institute Heidelberg based on ISO 14040.

7 27/05/2021 SUSTAINABILITY 2021 . LOWEST CARBON FOOTPRINT: CARTONS WIN EVERY TIME

LIQUID DAIRY NON-CARBONATED FOOD

kg CO2 equivalent per packaging required kg CO2 equivalent per packaging required for 1,000L UHT milk SOFT DRINKS for 1,000L food

kg CO2 equivalent per packaging required for 1,000L non-carbonated soft drinks

-45% -70% -63% -61% -58% -34% GO BEYOND (25-75% LESS) WITH SIG : -40%

EcoPlus -39% alu-free structure -28% and/or SIGNATURE PACK plant-based plastics 85 129 155 88 121 145 295 224 378 540 580 609 -20-75%

Beverage HDPE bottle PET bottle Beverage Monolayer Multilayer Disposable Aseptic Pouch Pot Can Glass carton carton PET bottle PET bottle glass bottle carton

50% PCR 50% PCR Includes 59% Includes 5,8% Includes 59% scenario would scenario would recycled glass post-consumer recycled glass reduce the reduce the recycled impact to 106 g impact to 132 g material

European average (EU27)/IFEU Institute Heidelberg using ISO 14040 international standard

8 27/05/2021 SUSTAINABILITY 2021 RESPONSIBILITY AN INTEGRAL PART OF OUR BUSINESS STRATEGY

2016: SYSTEMATIC APPROACH KEY PROOF POINTS: DEFINED AND IMPLEMENTED

▪ Definition of near-, mid- and long-term targets Packaging system with ▪ Materiality assessment best-in-class carbon footprint ▪ Roadmap to address material issues ▪ All plants SEDEX/SMETA audited ▪ Implementation of governance structure ▪ FSC™, ASI and ISCC+ certification ▪ Responsibility Steering Group (internal) ▪ Responsibility Advisory Group (external) ▪ Responsibility leaders in regions ▪ In top 1% of EcoVadis-rated companies ▪ Way Beyond Good champions ▪ GRI reporting with limited assurance (employees) ▪ Published ESG policy manual ▪ Way Beyond Good Foundation (communities)

9 27/05/2021 SUSTAINABILITY 2021 SIGNATURE PORTFOLIO SUSTAINABLE STRUCTURES

10 27/05/2021 SUSTAINABILITY 2021 OUR VISION RESPONSIBILITY AT SIG

WE AIM TO BE NET POSITIVE BY PUTTING MORE INTO SOCIETY AND THE WE’RE GOING ENVIRONMENT THAN WE TAKE OUT.

WE CALL THIS GOING WAY BEYOND GOOD.

11 27/05/2021 SUSTAINABILITY 2021 PILLARS OF OUR VISION GOING WAY BEYOND GOOD

Choosing a SIG carton is like planting a tree – it makes the a better place.

That‘s our vision and our way beyond good ambitions will help us make it a reality.

12 27/05/2021 SUSTAINABILITY 2021 REGULATORY AND INDUSTRY CONTEXT

27/05/2021 EUROPEAN GREEN DEAL

HOW CAN PACKAGING Actions to boost recycled content in Farm to Fork CONTRIBUTE? key value chains

Packaging and Single use ▪ Safe use and transport packaging plastics of essential food and beverages waste Directive Sustainable Microplastics Zero pollution products pollution Europe ▪ Prevention of food waste framework Waste Framework ▪ Positive contribution to key objectives: Biodiversity strategy Directive

Bioplastics Financing the framework circular economy CLIMATE transition CIRCULARITY NEUTRALITY Clean energy

RESILIENT FOOD BIODIVERSITY SYSTEMS EUROPEAN EU’S 2030 NEW CIRCULAR GREEN DEAL PLASTICS STRATEGY ECONOMY ACTION PLAN

14 27/05/2021 SUSTAINABILITY 2021 INDUSTRY ORGANISATIONS LEVERAGING IMPACT THROUGH COLLABORATION

Senior executive Advocacy and Coordination and Cross-industry coalition dialogue platform; communications support in the recycling aimed at increasing the advocacy, platform in EU value chain in EU use of fibre-based communications and packaging and collections & recycling increasing its circularity platform globally 5 FOUNDING PARTNERS 5 MEMBERS 6 MEMBERS OVER 50 PARTNERS – BRANDS, RETAILERS PAPER COMPANIES, BEVERAGE CARTON COMPANIES

15 27/05/2021 SUSTAINABILITY 2021 ACE 2030 ROADMAP AMBITIOUS VISION FOR THE FUTURE

▪ TANGIBLE AND AMBITIOUS WE WILL 2030 COMMITMENTS DELIVER THE ▪ SEEKING EU POLICY FRAMEWORK TO MOST SUSTAINABLE SUPPORT INVESTMENTS IN INNOVATION PACKAGING FOR OVER THE NEXT DECADE RESILIENT FOOD SUPPLY SYSTEMS ▪ COMMITMENT TO MEASURE AND REPORT ON PROGRESS AND TO DEFINE METRICS WHERE WHICH IS THESE DO NOT CURRENTLY EXIST RENEWABLE, CLIMATE POSITIVE AND CIRCULAR

16 27/05/2021 SUSTAINABILITY 2021 ACE 2030 VISION AND ROADMAP

VISION COMMITMENTS We deliver the most sustainable packaging for resilient food supply systems which is renewable, climate Our journey to 2030. positive and circular The beverage carton industry commits to:

Made only from renewable Made entirely from Produce beverage cartons Achieve a 90% material and / or from recycled sustainably sourced raw only from renewable collection rate of material materials materials beverage cartons for Fully recyclable & recycled The lowest carbon recycling packaging solution And/or produce beverage cartons from recycled Achieve at least a content 70% recycling rate for beverage cartons KPIs Use more fibres and less Decarbonise value chain in plastic line with 1.5°C science-based Report on the use of renewable material Report on existing globally recognised target and recycled content every two years sustainability sourcing and traceability standards for all materials every two years Design for circularity All materials meet highest Annual recycling rates verified by a third Update annually the industry’s Design for sustainability sourcing party Recycling Guidelines standards

Identification of sound metrics on plastic Report on the beverage carton Beverage carton supply content in 2021 system climate balance chain increases carbon sequestration, enhances biodiversity, increases forest Develop metrics to assess the Report on GHG emissions in line with 1.5° growth impact on biodiversity, carbon science-based target (SBT) sequestration & forest growthReport on CHG emissions in line with 1.5°C science-based LEADING THE WAY SIG ACHIEVEMENTS AND COMMITMENTS

27/05/2021 EU SINGLE USE PLASTICS DIRECTIVE SIG LEADING THE WAY

FIRST TO INTRODUCE FIRST TO INTRODUCE PAPER STRAWS TETHERED CAPS Plastic straws to be Tethered caps required phased out in Europe by in Europe by July 2024 July 2021 SIG launch in H2 2021 SIG introduced first straight paper straw in Compatible with existing February 2019, U- filling machines and shaped straw in October closure applicators 2019 Both straws FSC™ certified Adopted by customers in all regions

19 27/05/2021 SUSTAINABILITY 2021 CONTRIBUTING TO A CIRCULAR ECONOMY SOURCING INNOVATION AND COLLECTION + RECYCLING

SOURCING SIG BEVERAGE FROM RESPONSIBLY CARTON PRODUCTION CONSUMPTION RE-USE MANAGED FORESTS & INNOVATION

100% OF PAPERBOARD Average SIG leading material RECYCLING COLLECTION PROCURED AS FSC™ stewardship with FSC™-sourced 75% 20 EU1 GRACE wood fibres. CERTIFIED paperboard beverage carton SIG is member of Global recycling plants Recycling Alliance for Beverage Cartons 21% First in certified forest-based PALUREC & MORE SO+MA and certified recycled plastics. beverage carton SIG encourages collection polymers recycling innovation systems worldwide, e.g., Brazil 51%1 First with ASI-certified beverage cartons 4% aluminium and to offer recycled (2019) in EU, rate increasing aluminium aluminium-free structures.

DRIVING THE USE OF RENEWABLE ENSURING LEADING RESPONSIBLE SOURCING MATERIALS PACKAGING IS RECYCLED For all primary materials Unique packaging innovation Efficient collection is the base for effective recycling

1 The Alliance for Beverage Cartons and the Environment (ACE)

20 27/05/2021 SUSTAINABILITY 2021 CARTON RECYCLING CIRCULARITY OF VALUABLE MATERIALS

COLLECTING PAPER FIBRES

RECYCLED PAPER PRODUCTS

LDPE

CONSUMER GOODS

BEVERAGE SHREDDING PULPING & HDPE CARTON SEPARATION COLLECTION POLY-AL

ALUMINUM INDUSTRIAL APPLICATIONS SEPARATION OF OTHER VALUABLE MATERIALS PROCESSING

21 27/05/2021 SUSTAINABILITY 2021 MONETISING POLYMERS AND ALUMINIUM INCREASING OPTIONS

FOUR PLANTS IN EUROPE:

ECOCPLASTEAM

RECONPOLYMERS

PLASTIGRAM

PALUREC

~30% OF POLY-AL CONVERTED INTO NEW MATERIALS

22 27/05/2021 SUSTAINABILITY 2021 SO+MA PROGRAMME IN BRAZIL GENERATING SOCIAL CREDIT FROM RECYCLING

1. 2. 3. Citizens recycle and receive Behaviour is digitalised and Points accumulated are points for their recycling points are accumulated in the exchanged for rewards that attitude so+ma platform generate economic and / or development opportunities

23 27/05/2021 SUSTAINABILITY 2021 CLIMATE: GREENHOUSE GAS REDUCTION TARGETS

SIG COMMITS TO REDUCE ANNUAL EMISSIONS 2020 SCOPE 1,2 GR CO2 SCOPE 1 AND 2 GHG (TOTAL) (KTCO2) PER LITRE PACKED EMISSIONS 60% BY 2030 SCOPE 1,2,3 (1563 KT) FROM A 2016 BASE-YEAR 250 250 - ALL CATEGORIES 120 18 16 200 200 100 SIG COMMITS TO REDUCE 14 GHG EMISSIONS PER 150 150 80 12 LITER PACKED 25% BY 10 2030, FROM A 2016 BASE- 60 8 YEAR3 100 100 40 6 50 50 4 20 APPROVED BY SBTI TO BE IN 2 Direct CO2 Emissions LINE WITH LATEST 0 Purchased goods and services (SBT) - CLIMATE SCIENCE TO 2016 2017 2018 2019 2020 Upstream transportation and distribution 2016 2017 2018 2019 2020 LIMIT GLOBAL WARMING Scope 2 TO 1.5°C ABOVE PRE- Use of sold products (SBT) gr CO2 per liter packed End-of-life treatment of sold products (SBT) Scope 1 Reduction Target Reduction Target (pathway) bn litres INDUSTRIAL LEVELS Other

SIG HAS CUT SCOPE 1 AND SCOPE 2 GREENHOUSE GAS EMISSIONS BY 58% SINCE 2016

1. Preliminary results. 2. Target covers the three most material Scope 3 categories: purchased goods and services, use of our products (filling machines) and end of life treatment (cartons). 3. Target includes Scope 1, Scope 2 & Scope 3 emissions from Purchased Goods and Services, Use of Sold Products, and End of Life Treatment.

24 27/05/2021 SUSTAINABILITY 2021 FORESTS & BIODIVERSITY

MILESTONE 1 MILESTONE 2 MILESTONE 3 2009: SIG led the industry by SIG takes the lead in share of 2017: SIG joined and launched reaching 100% FSC CoC FSC labelled cartons in the the Vancouver Declaration with certification globally market: 97% in 2020 a pledge to source only FSC certified sustainable raw materials

MILESTONE 4 MILESTONE 5 MILESTONE 6 SIG supported the Bonn 2017: SIG led the industry by 2021: SIG first to obtain 100% Challenge to support launching the first aseptic FSC certified raw materials quantifying the benefits of FSC carton 100% linked to forests certified forests

The Forest Stewardship Council (FSC) is the world’s most trusted sustainable forest management solution. The internationally recognised standards ensure vital forest ecosystem functions and support biodiversity and communities to thrive.

25 27/05/2021 SUSTAINABILITY 2021 RESILIENT FOOD SYSTEMS ASEPTIC CARTON PACKAGING

▪ RETAINS NUTRIENTS AND VITAMINS

▪ PRESERVES FLAVOUR AND COLOUR

▪ LONG SHELF-LIFE

▪ NO PRESERVATIVES

▪ NO COOL-CHAIN

▪ LESS WASTE

26 27/05/2021 SUSTAINABILITY 2021 CARTONS FOR GOOD SUPPORTING COMMUNITIES IN BANGLADESH

WE CREATED A UNIQUE MOBILE FILLING SOLUTION TO TAKE TO REMOTE RURAL LOCATIONS SO EXCESS CROPS CAN BE TURNED INTO MEALS FOR CHILDREN IN NEED AND PRESERVED IN SIG’S LONG-LIFE CARTON PACKS.

27 27/05/2021 SUSTAINABILITY 2021 SIGCUBATOR: PARTNERING WITH STARTUPS

▪ SIG expertise, filling capabilities and industry network combine with new talent and innovative concepts

▪ Small companies, startups and entrepreneurs often do not have the volume to produce big batches with co-manufacturers

▪ By testing and commercially filling their products in SIG’s combilab, startups can prepare and launch their concepts into the market

▪ Driving innovation in collaboration with customers

28 27/05/2021 SUSTAINABILITY 2021 OUR VISION MAKING THE WORLD A BETTER PLACE

FOREST CLIMATE RESOURCE FOOD

EXPANDING SUSTAINABLE MAKING FOCUS ON RENEWABLE OR MINIMISING FOOD LOSS FORESTRY ACROSS THE LIKE A TREE – TAKING RECYCLED MATERIALS WORLD CARBON FROM THE DELIVERING AFFORDABLE ATMOSPHERE DRIVING HIGHER NUTRITION AND RECYCLING RATES. HYDRATION TO EVER MORE PEOPLE

Sustainable innovation driving a lower environmental footprint

Responsible culture across the value chain

29 27/05/2021 SUSTAINABILITY 2021 THANK YOU

27/05/2021