THIRD QUARTER 2018 EARNINGS RELEASE

Solid growth momentum continues

Nine month highlights

• Core revenue for first nine months up 7% at constant currency, up 4% at actual rates
• Adjusted EBITDA for first nine months up 5% at actual rates: cost efficiencies
• Net total debt reduced by >€1 billion post IPO resulting in leverage of 3.2x
  
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Business Performance

First nine months 2018 Core revenue for the first nine months of 2018 was up 7% at constant currency and up 4% at actual rates. Growth was broad-based with a particularly strong performance across the Asia Pacific region. In China, the business is well positioned to meet market trends such as urbanization and convenience, and is seeing strong demand for products with particulates (such as cereals and fruit pieces). The adjusted EBITDA margin for the period increased from 25% to 26%, with the contribution from top line growth more than offsetting higher raw material costs and an adverse impact from currency. In addition, profitability benefited from production efficiencies and lower selling, general & administrative costs following a major product launch in 2017, as well as the relocation of some R&D activities to be closer to the market.

Third quarter 2018 Core revenue in the third quarter of 2018 was up 4% at constant currency and up 1% at actual rates. The difference between actual and constant currency revenue growth was mainly due to the depreciation of the Brazilian Real against the Euro, as was the case for the first nine months. Core revenue growth in the quarter was driven largely by the Asia Pacific region. After a strong first half, performance in the Americas slowed in the third quarter but underlying demand remains strong. Adjusted EBITDA was 8% lower reflecting the impact of currency, resulting in an adjusted EBITDA margin for the quarter of 28% compared with 30% in the third quarter of 2017.

Pro forma net debt and balance sheet

On 28 September SIG announced the pricing of its IPO at CHF11.25 per share and was listed on SIX Swiss Exchange. The proceeds from the sale of new shares in the offering have been used to pay down debt as reflected in pro forma figures for gross and total net debt. Total net leverage at end-September 2018 on a pro forma basis, taking into account the IPO proceeds received on 2 October 2018, was 3.2x compared with 5.4x before receipt of the IPO proceeds. The company plans to reduce net leverage towards 2x in the mid-term while targeting a dividend payout equivalent to 50 - 60% of adjusted net income.

Full year outlook

The company maintains its guidance for the full year 2018 and expects core revenue growth at constant currency of 4 - 6%. The adjusted EBITDA margin is expected to be 28%+.

Rolf Stangl, CEO of SIG, said: “Demand for our products remains strong and is supported by non-discretionary consumer spending and favorable demographics in growth regions. Our diverse geographic footprint and focus on innovation will enable us to sustain a long-term growth trajectory.”

Investor contact:

Jennifer Gough +41 52 674 6508 Director Investor Relations SIG Combibloc Group AG Neuhausen am Rheinfall, Switzerland jennifer.gough@sig.biz

Media contacts:

Brunswick Group Charlie Pretzlik +44 20 7396 7436 cpretzlik@brunswickgroup.com Sabine Morgenthal +49 69 2400 5517 smorgenthal@brunswickgroup.com

Lemongrass Communications Andreas Hildenbrand +41 44 202 5238 andreas.hildenbrand@lemongrass.agency

About SIG

SIG is a leading systems and solutions provider for aseptic carton packaging. We work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustainable and affordable way. Our unique technology and outstanding innovation capacity enable us to provide our customers with end-to-end solutions for differentiated products, smarter factories and connected packs, all to address the ever-changing needs of consumers. Founded 1853, SIG is headquartered in Neuhausen, Switzerland. The skills and experience of our 5,000plus employees worldwide enable us to respond quickly and effectively to the needs of our customers in over 60 countries. In 2017, SIG produced approximately 34 billion carton packs and generated €1.7 billion in revenue. For more information, visit www.sig.biz.