The metal can also shields against sunlight, providing impeccable ingredient protection assuring desired taste profiles. And so our growth has definitely come when we're talking about normal periods, 1%, 2%, 3%, before we had the big sustainability tailwind, a proportion of that was glass substitution, but often also two-way. On a constant currency basis, adjusted EBITDA decreased by 8%, mainly due to negative volume/mix effects and higher operating costs. They've always been very promotional, and there's no reason, I think, to believe that won't reassert itself at some point. Just sort of how to think about that because I think the business model now has probably changed. With a compelling financial profile and clear trajectory for growth, we believe AMP can continue to lead the charge, and we look forward to partnering with Paul Coulson and the team as they continue to execute a targeted expansion strategy supported by highly visible market demand and a strong track record of disciplined and efficient capital deployment., Sustainability is an important component of our investment strategy, and AMP is a clear leader in this spaceenvironmentally, ecologically and socially, said Mark Stone, Senior Managing Director of The Gores Group and CEO of Gores Holdings V. As customers around the world continue to demand sustainable solutions, we believe the Company is strongly positioned to capitalize on the exceptional growth opportunities ahead and were thrilled to be partnering with the team to do so.. LUXEMBOURG, Nov. 19, 2021 /PRNewswire/ -- Ardagh Metal Packaging (AMP) announced today that it plans to build a new state-of-the-art $200 million beverage can plant in . I mean, George, it's true that you get some share shifts in some markets over time from one way to cans, particularly in North America. Get in touch with us today and we can help you sustainably package your products. Yes. Now whether they're getting the volumes that went with those contractual coverage, we don't know. So what we see is a lot of variation between customers depending on their pricing strategies. Our European business takes a step up from here because we lose the drag from the accounting treatment on some of the inflation pass-through. Total liquidity of $495 million at March 31, 2023. So if you agree with that premise, and the numbers are the numbers. We each share a common vision: to be the preferred packaging partner to brand owners around the world. 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. We're not disagreeing with that. We will continue to closely monitor demand conditions and balance our capacity in a disciplined manner. And appreciating that you can't speak for kind of your sister organization. Ardagh Metal Packaging (AMP) is a leading global supplier of infinitely recyclable, sustainable, metal beverage cans and ends to brand owners. And I think that's true also in Europe where there's probably a bit less capacity being built out in the last few years and similarly in Brazil where the market is a bit softer. The call can be accessed by dialing +1 (833) 470-1428 (domestic toll-free number) or +1 (404) 975-4839 (international) and providing the access code: 403501. to the food & specialty and personal care markets. I'll now briefly hand over to David to talk through our financial position before finishing with some concluding remarks. So we'd have to backfill it that way. Yes. ARDAGH METAL BEVERAGE USA INC. Cargegie, Pennsylvania 11 followers Follow View all 14 employees About us Headquarters Cargegie, Pennsylvania Founded 2016 Locations 600 N BELL AVE Cargegie,. It also reported full year 2023 adjusted earnings before interest, taxes, depreciation, and amortisationings (EBITDA) growth of the order of 10%, weighted towards the second half of the year. Then that gets us into a very sustainable position for funding the dividend. The assumptions and estimates underlying such projected financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. Just wanted to maybe expand a little bit more on the customer dynamics. Ardagh Metal Packaging (NYSE: AMBP ), is a leading global supplier of infinitely recyclable, sustainable, metal beverage cans and ends to brand owners. Ardagh Metal Packaging to Combine With Gores Holdings V and List on But even within beer, we have some very high performers. Turning our attention to AMP's first quarter results. So that's also a drag. pwalsh@murraygroup.ie And could that possibly trigger just sort of a repricing event across the space? Ardagh Group is aglobal supplier of sustainable, value added, infinitely recyclable, metal and glass packaging for brand owners around the world. So I think we're committed to it. The growth of our business over the past decade has been driven by our unrivalled expertise and commitment to innovation. But just switching to the dividend, I think you referenced the sustainability of the dividend. 1901 Avenue Of The Stars, Suite 450 Los Angeles, CA 90067 Anwar Dillon-Thomas Burton Attorney at Bokhour Law Group 1901 Avenue Of The Stars, Suite 450 Los Angeles, CA 90067 Defendant Attorneys Sabrina Layne Shadi You have billboard. They've chosen to kind of accelerate their glass investment, and then you guys have sort of delayed the greenfield investment that you're going to make in cans down in Brazil. 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 -. The proxy statement/prospectus will contain important information about the proposed business combination and the other matters to be voted upon at a meeting of Gores Holdings Vs stockholders to be held to approve the proposed business combination contemplated by the Business Combination Agreement and other matters. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. And again, sort of, I don't know, maybe 6 to 12-month lag, maybe it's 12 months entirely. I mean North America and Europe, you've seen cans grow versus one-way glass over the last 20 years or so and over the last 10 years. Luxembourg B 251465, Modern Slavery Statement A partner of choice for beverage companies, AMP is known for its outstanding quality and customer service and is the only pure play metal beverage can producer of scale in the market today. AMP operates 24 production facilities in nine countries, employing more than 6,300 employees and had sales of $4.7 billion in 2022. So look, I think on this promotional question, there's a couple of fundamentals that we should touch on, and then we should talk about the timing of it returning. And so the cans took all the growth as the returnables declined. And then I know you've given a lot of color regarding the categories in some of the regions. Some of your peers have commented on restructuring the contracts to recover some of that through pricing. And maybe just to clarify on a couple of those points. Q1 2023 Ardagh Metal Packaging SA Earnings Call. Information about Gores Holdings Vs directors and executive officers and their ownership of Gores Holdings Vs securities is set forth in Gores Holdings Vs filings with the SEC, and information about Ardaghs and AMPs directors and executive officers is or will be set forth in their respective filings with the SEC.