Page 1

SIG MEDIA RELEASE 4 May 2021 SIG Combibloc Group AG ( " SIG " ) Strong Q1 performance : full year outlook maintained First quarter 2021 highlights • Core revenue on a like - for - like basis up 13.4 % at constant currency , up 9.2 % as reported • Middle East and Africa ( MEA ) business fully consolidated from end of February 2021 • Customer re - stocking in Asia Pacific following a soft fourth quarter in 2020 • Americas growth driven by fillers deployed in 2020 and by re - stocking • Europe continued to benefit from high at - home consumption › Adjusted EBITDA margin 26.1 % ( Q1 2020 : 21.3 % ) : lower currency volatility Revenue performance : ¹ Q1 2021 ( In € million or % ) Core revenue Total revenue Change Like - for - like change including MEA Three Three months months ended ended 31 March 31 March Reported Constant Reported Constant currency currency currency currency 2021 2020 442.0 389.6 451.3 392.9 13.4 % 14.9 % 17.8 % 19.3 % 9.2 % 10.6 % 13.4 % 14.8 % Key performance indicators : Q1 2021 Three Three months months ended ended 31 March 31 March ( In € million or % ) 2021 2020 Adjusted EBITDA 117.9 83.7 Adjusted EBITDA margin 26.1 % 21.3 % EBITDA 93.1 67.2 Adjusted net income 52.0 12.9 Net income 2.9 ( 25.5 ) Free cash flow ( 6.5 ) 16.2 1 For additional information about alternative performance measures used by management that are not defined in IFRS , including definitions and reconciliations to measures defined in IFRS , the change in our calculation methodology for constant currency and a definition of like - for - like growth rates please refer to the link below : https://reports.sig.biz/annual-report-2020/services/glossary.html 1