This presentation contains ldquoforward-lookingrdquo statements related to O-I Glass Inc (the ldquocompanyrdquo) within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended (theldquoExchange Actrdquo) and Section 27A of the Securities Act of 1933 Forward-looking statements reflect the companyrsquos current expectations and projections about future events at the time andthus involve uncertainty and risk The words ldquobelieverdquo ldquoexpectrdquo ldquoanticipaterdquo ldquowillrdquo ldquocouldrdquo ldquowouldrdquo ldquoshouldrdquo ldquomayrdquo ldquoplanrdquo ldquoestimaterdquo ldquointendrdquo ldquopredictrdquo ldquopotentialrdquo ldquocontinuerdquo and thenegatives of these words and other similar expressions generally identify forward-looking statements
It is possible that the companyrsquos future financial performance may differ from expectations due to a variety of factors including but not limited to the following (1) the risk that the proposedplan of reorganization of Paddock Enterprises LLC (ldquoPaddockrdquo) may not be approved by the bankruptcy court or that other conditions necessary to implement the agreement in principle maynot be satisfied (2) the actions and decisions of participants in the bankruptcy proceeding and the actions and decisions of third parties including regulators that may have an interest in thebankruptcy proceedings (3) the terms and conditions of any reorganization plan that may ultimately be approved by the bankruptcy court (4) delays in the confirmation or consummation of aplan of reorganization due to factors beyond the companyrsquos and Paddockrsquos control (5) risks with respect to the receipt of the consents necessary to effect the reorganization (6) risksinherent in and potentially adverse developments related to the bankruptcy proceeding that could adversely affect the company and the companyrsquos liquidity or results of operations (7) theimpact of the COVID-19 pandemic and the various governmental industry and consumer actions related thereto (8) the companyrsquos ability to obtain the benefits it anticipates from thecorporate modernization (9) the companyrsquos ability to manage its cost structure including its success in implementing restructuring or other plans aimed at improving the companyrsquos operatingefficiency and working capital management achieving cost savings and remaining well-positioned to address Paddockrsquos legacy liabilities (10) the companyrsquos ability to acquire or divestbusinesses acquire and expand plants integrate operations of acquired businesses and achieve expected benefits from acquisitions divestitures or expansions (11) the companyrsquos ability toachieve its strategic plan (12) the companyrsquos ability to improve its glass melting technology known as the MAGMA program (13) foreign currency fluctuations relative to the US dollar (14)changes in capital availability or cost including interest rate fluctuations and the ability of the company to refinance debt on favorable terms (15) the general political economic andcompetitive conditions in markets and countries where the company has operations including uncertainties related to Brexit economic and social conditions disruptions in the supply chaincompetitive pricing pressures inflation or deflation changes in tax rates and laws natural disasters and weather (16) the companyrsquos ability to generate sufficient future cash flows to ensurethe companyrsquos goodwill is not impaired (17) consumer preferences for alternative forms of packaging (18) cost and availability of raw materials labor energy and transportation (19)consolidation among competitors and customers (20) unanticipated expenditures with respect to data privacy environmental safety and health laws (21) unanticipated operationaldisruptions including higher capital spending (22) the companyrsquos ability to further develop its sales marketing and product development capabilities (23) the failure of the companyrsquos jointventure partners to meet their obligations or commit additional capital to the joint venture (24) the ability of the company and the third parties on which it relies for information technologysystem support to prevent and detect security breaches related to cybersecurity and data privacy (25) changes in US trade policies and the other risk factors discussed in the companyrsquosAnnual Report on Form 10-K for the year ended December 31 2020 and any subsequently filed Annual Report on Form 10-K Quarterly Reports on Form 10-Q or the companyrsquos otherfilings with the Securities and Exchange Commission
It is not possible to foresee or identify all such factors Any forward-looking statements in this document are based on certain assumptions and analyses made by the company in light of itsexperience and perception of historical trends current conditions expected future developments and other factors it believes are appropriate in the circumstances Forward-lookingstatements are not a guarantee of future performance and actual results or developments may differ materially from expectations While the company continually reviews trends anduncertainties affecting the companyrsquos results or operations and financial condition the company does not assume any obligation to update or supplement any particular forward-lookingstatements contained in this document
Improved sustainabilitySatisfied customersEngaged employeesLeader in innovation
O-I SRATEGY TO ENHANCE STAKEHOLDER VALUE
ENHANCEVALUETRANSFORMATIONFAVORABLE
MARKET MAGMA
5
MARKET EVOLUTION IS FAVORABLE TO GLASS
WELLNESS POSITIVE Glass is all natural and inert ndash it will not contaminate the product content and is the only package ldquogenerally recognized as saferdquo by the US Food and Drug Administration
PREMIUM amp DIFFERENTIATEDThe appearance of a glass container alone can identify and define a brand transform the ordinary into the extraordinary and build a consumer connection unlike any other substrate
EARTH-FRIENDLYGlass is all natural reusable 100 infinitely recyclable Glass is NEVER TRASH and is safe for the Earth and our oceans
6
GLASS IS AN ATTRACTIVE MARKET
16
35
21 20
04
26
20 20
13
32
00
05
10
15
20
25
30
35
40
45
GLOBE LATINAMERICA
EUROPE NORTHAMERICA
ASIA PACIFIC
PROJECTED PACKAGING GROWTH (2022-2024)
GLASS VOLUME GROWTH ALL PACKAGING VOLUME GROWTH
Source EuromonitorSource Euromonitor ndash Glass Packaging Consumption in Units (Beverages = total premise Food and hot drinks = retailoff-premise)Base 2021F 3YR CAGR 2022F-2024F Includes 54 countries
NORTH AMERICAN PACKAGING LANES
While flat during the austerity era glass is expected to grow 16 CAGR as trends accelerate
HIGH GLASS AFFINITY CATEGORIES13 of beverage consumptionSpirits wine premium beer RTD coffee etc
MEDIUM GLASS AFFINITY CATEGORIES51 of beverage consumptionSoft drinks mainstream beer RTD Teas FMBrsquos etc
LOW GLASS AFFINITY CATEGORIES36 of beverage consumptionBottled water energy drinks sports drinks etc
Packaging substrates play in different lanesGlass is highly focused on premium and certain mainstream categories
Plastics and Aluminum are highly focused on value and other mainstream categoriesO-Irsquos CORE MARKETS
FMB = Flavored Malt Beverage6
~ 77 of glass demand
~ 22 of glass demand
~ 1 of glass demand
7
SUBSTANTIAL PROGRESS TRANSFORMING O-I
1 SIMPLE AGILE EFFECTIVE amp ADAPTABLE ORGANIZATION INTEGRATED BUSINESS PLANNING ALIGNED WITH STRATEGY
WITH PREMIUM TECHNOLOGYInvesting up to $680M to expand 700KT2 (5 ndash 6) capacity
bull $100M on previously announced Heritage brownfield in Andean
bull $580M in 4 markets with up to 11 MAGMA lines
bull Deployment 2022-2024
20 average IRR
US Spirits(up to 3 MAGMA lines)
BRAZIL Beer NAB Spirits(up to 3 MAGMA Lines)
UK Spirits(up to 2 MAGMA Lines)
CAN Premium Beer(1 Line Extension)
MAGMA Greenfield Expansion
Heritage Brownfield Expansion
Line Extension
COLOMBIA Beer NAB(1 Heritage furnace)
PERU Beer NAB(up to 3 MAGMA Lines)
1 Gross of divestitures and net of capacity realignment2 Approximately 600-650KT net expansion considering capacity realignment
10
CAPITAL REDEPLOYMENT TO FUND GROWTH
$15B portfolio optimization program to fund MAGMA expansion and improve ROIC
1500
810690
$0
$200
$400
$600
$800
$1000
$1200
$1400
$1600
$1800
Proceeds fromDivestiture
Investment in Expansion Available for DebtReduction
($M
)
PORTFOLIO OPTIMIZATION PROGRAM (2019-2024)
gt 15 IRR ~ 07x lower Leverage Ratio
Current Status
REINVEST IN PROFITABLE GROWTH
IMPROVE CAPITAL
STRUCTURE
OPTIMIZE BUSINESS
PORTFOLIO
REALIGN THE
BUSINESS
O-I HAS DEPRIORITIZED INORGANIC GROWTH GIVEN GROWING COMMERCIAL PIPELINE AND MAGMArsquoS UNIQUE CAPABILITIES
1 Volume Growth Targets are gross of divestitures and net of capacity realignment2 aEPS excludes certain items management considers not representative of ongoing operations3 FCF represents Cash Flow from Operations less Capital Expenditures excluding any impact from potential funding of Paddock 524(g) trust4 Leverage ratio as defined by the companyrsquos Bank Credit Agreement (BCA) 2021 excludes any impact of potential funding of Paddock 524(g)5 aFCF reflects Cash Flow from Operations less Maintenance Capex and excludes expected one-time cash funding of Paddock 524(g) trust
2021Outlook as of November 30 2021
bull Volume1 up 4+ in FY21o 4Q21QTD up ~2 vs ~ flat guidance
bull aEPS2 $177-$182 in FY21o $030-$035 in 4Q21 102221 FXo Omicron undetermined
bull FCF3 ge $260M in FY21
bull Leverage4 ldquohigh 3rsquosrdquo at FYE21
2022Prelim Thoughts as of October 26 2021
bull Volume1 up 0-1o Limited risk that system wide inflation
will slow down demand due to stable food and beverage market channel shift resilience focus on premium categories and glass capacity constraints in many markets
bull Highly confident 2022 net price will recover unfav 2021 spread
bull $50M benefit from initiatives
bull Cap Ex $650M-$700Mo Elevated CapEx funded by proceeds
from Portfolio Optimization program
2024Targets from September 28 2021 I-Day
bull Volume1 1-2 CAGR 2022-2024
bull aEPS2 $220-$240 in 2024o Strong earnings momentum from
expansion programs heading into 2025
bull aFCF5 $400M-$450M in 2024
bull Leverage4 ~ 35x by end of 2024
BUSINESS OUTLOOK
11
12
O-I SUSTAINABILITY GOALS
Increase recycled content to 50 average by 2030 O-I is taking a tailored approach to increase recycled content rates across its enterprise network as rates vary significantly by geography
Approved SBTi target to reduce GHG emissions 25 by 2030 (interim target of 10 by 2025)
As part of our journey toward zero injuries we are committed to a 50 improvement of our Total Recordable Incident Rate (TRIR) by 2030
Reduce the amount of natural resource used and reduce the generation of waste by reuse and recycling as we drive towards a Zero Waste organization
Renewable energy is a pillar in our strategy to lower carbon emissions Our goal is to reach 40 renewable energy use by 2030 and to reduce total energy consumption by 9
We see tremendous opportunity to positively impact the planet and communities where we operate We will collaborate with customers NGOs suppliers and local leaders to make glass recycling available in 100 of our locations
Achieve sustainability balance together by aligning our supply chain with our 2030 sustainability vision and goals
We are committed to reducing our global water usage 25 by 2030 prioritizing operations in higher risk areas
Reinvent and re-imagine glassmaking ndash where the circularity of glass meets the potential of our MAGMA melting technology low-carbon alternative fuels and light-weighted glass packaging
Create a diverse and inclusive environment where people feel welcomed to create a better future for themselves each other and O-I We are focused on increasing all aspects of diversity across our team
13
CONCLUSION O-I IS AN ATTRACTIVE INVESTMENT
TRANSFORMATIONIMPROVES MARGINS EARNINGS amp ROIC
RESOLUTION OF LEGACY LIABILITIES
REDUCES RISK amp IMPROVES CASH
FLOW CONVERSION
MAGMAWILL UNLOCK SIGNIFICANT
GROWTH
OPPORTUNITY FOR HIGHER VALUATION
THROUGH SOLID EXECUTION AND
PROFITABLE GROWTH
MARKET INNOVATION amp
ESG LEADER IN THE ATTRACTIVE
GLASS SEGMENT
APPENDIX
15
PADDOCK CHAPTER 11 ndash PROGRESS AND UPDATE1
COMPLETEDCURRENTbull Phase 1 Paddock files for bankruptcy protection in Delaware and obtains initial reliefbull Phase II Paddock informally negotiates with the Asbestos Claimantsrsquo Committee and Future Claimants Representative
fiduciaries for current and future asbestos claimantsbull Phase III Paddock enters formal court-ordered mediation with Asbestos Claimantsrsquo Committee and Future Claimants
Representativebull Phase IV Paddock accepts a mediatorrsquos proposal which results in an agreement-in-principle of the material terms of a
plan of reorganization for Paddock containing a channeling injunction protecting Paddock O-I Glass and affiliatesbull Phase V Paddock Asbestos Claimantsrsquo Committee and Future Claimants Representative negotiate and finalize definitive
documents comprising Plan of Reorganization Disclosure Statement exhibits and Voting-related documents
REMAININGbull Phase VI Paddock files Plan of Reorganization Disclosure Statement and Voting-related documents with Bankruptcy
Court which then approves disclosure and voting materials and sets voting deadlinebull Phase VII Paddock solicits votes from asbestos claimants and obtains at least 75 approval of asbestos claimants who
actually votebull Phase VIII Bankruptcy Court confirms the Plan District Court affirms the Confirmation Order and Paddock emerges
from bankruptcy and funds the Asbestos Trust
1 Although the above description represents what has occurred and what O-I Glass currently anticipates is likely to occur in Paddockrsquos chapter 11 case O-I Glass makes no representation or guarantee that Paddockrsquos actual plan process will not deviate from or contain steps in addition to the steps set forth above
Current Status
16
SEGMENT FX IMPACT ON EARNINGS
APPROXIMATE ANNUAL IMPACT ON FX RATES AT KEY POINTSEPS FROM 10 FX CHANGE Oct 22 AVG AVG AVG AVG
The company uses certain non-GAAP financial measures which are measures of its historical or future financial performance that are not calculated and presented in accordance with GAAP within the meaning of applicable SEC rules Management believes that its presentation and use of certain non-GAAP financial measures including adjusted earnings adjusted earnings per share adjusted free cash flow free cash flow net debt and credit agreement EBITDA provide relevant and useful supplemental financial information that is widely used by analysts and investors as well as by management in assessing both consolidated and business unit performance These non-GAAP measures should be considered supplemental in nature and should not be considered in isolation or be construed as being more important than comparable GAAP measures
Adjusted earnings relates to net earnings from continuing operations attributable to the company exclusive of items management considers not representative of ongoing operations because such items are not reflective of the companyrsquos principal business activity which is glass container production Adjusted earnings are divided by weighted average shares outstanding (diluted) to derive adjusted earnings per share Management uses adjusted earnings and adjusted earnings per share to evaluate its period-over-period operating performance because it believes these provide useful supplemental measures of the results of operations of its principal business activity by excluding items that are not reflective of such operations Adjusted earnings and adjusted earnings per share may be useful to investors in evaluating the underlying operating performance of the companyrsquos business as these measures eliminate items that are not reflective of its principal business activity
Leverage ratio is defined as net debt divided by credit agreement EBITDA (as defined in the Companyrsquos bank credit agreement) Net debt is defined as total debt less cash Management uses net debt to analyze the liquidity of the company Further free cash flow relates to cash provided by continuing operating activities less cash payments for property plant and equipment Management has historically used free cash flow to evaluate its period-over-period cash generation performance because it believes this has provided a useful supplemental measure related to its principal business activity Adjusted free cash flow relates to cash provided by operating activities less cash payments for property plant and equipment that are related to maintenance activities and exclude the expected one-tine cash payment of the Paddock 524(g) trust Management uses non-GAAP information principally for internal reporting forecasting budgeting and calculating compensation payments
The Company routinely posts important information on its website at o-icominvestors
NON-GAAP FINANCIAL MEASURES
18
ADDITIONAL RECONCILIATIONS
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures free cash flow and adjusted free cash flow for all periods after December 31 2021 to its most directly comparable US GAAP financial measure Cash provided by operating activities without unreasonable effort This is due to potentially high variability complexity and low visibility in the relevant future periods of components of cash provided by operating activities and cash spent on property plant and equipment as well as items that would be excluded from cash provided by operating activities The variability of these excluded items and other components of cash provided by operating activities may have a significant and potentially unpredictable impact on the Companys future financial results
Unaudited Forecasted Year EndedDecember 31 2021
Cash provided by operating activities 660$ Cash payments for maintenance-related property plant and equipment 310 Adjusted Free Cash Flow (non-GAAP) 350$
Cash payments for strategic-related property plant and equipment 90Free Cash Flow (non-GAAP) 260$
For the year ending December 31 2021 and all periods after the Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measure net debt divided by Credit Agreement EBITDA to its most directly comparable US GAAP financial measure Net Earnings because management can not reliably predict all of the necessary components of this US GAAP financial measure without unreasonable efforts Net Earnings includes several significant items such as restructuring asset impairment and other charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar non-GAAP adjustments are inherently unpredictable as to if and when they may occur The inability to provide a reconciliation is due to that unpredictability and the related difficulties in assessing the potential financial impact of the non-GAAP adjustments For the same reasons the Company is unable to address the probable significance of the unavailable information which could be material to the Companyrsquos future financial results
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures adjusted earnings and adjusted earnings per share for the year ending December 31 2021 and all periods after to its most directly comparable GAAP financial measure earnings from operations attributable to the Company because management cannot reliably predict all of the necessary components of the GAAP financial measures without unreasonable efforts Earnings from operations attributable to the Company includes several significant items such as restructuring charges asset impairment charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar items are complex and inherently unpredictable and the amount recognized for each item can vary significantly Accordingly the Company is unable to provide a reconciliation of adjusted earnings and adjusted earnings per share to earnings from operations attributable to the Company or address the probable significance of the unavailable information which could be material to the Companys future financial results
I adjusted it to compare vs the Budget to estimate a full year variance in FX on 10
APPROXIMATE ANNUAL IMPACT ON
FX RATES AT KEY POINTS
EPS FROM 10 FX CHANGE
Oct 22
AVG
AVG
AVG
AVG
Sept 30
Sept YTD
Sept YTD
2021
3Q21
3Q20
4Q20
2020
2021
2021
2020
EUR
013
EUR
116
118
118
120
115
116
119
113
MXN
004
MXN
2018
2016
2208
2044
2156
2049
2024
2193
BRL
004
BRL
565
523
539
543
521
541
533
514
COP
002
COP
3773
3829
3785
3626
3715
3835
3730
3744
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
January
February
March
April
May
June
July
August
September
October
November
December
YearTotal
Total Mexico
EBIT
Total Custom 1
USD
2021
Budget
Final
10513
3985
8336
9202
12424
9781
9780
9981
8688
4147
4494
5400
96730
Total Mexico
EBIT
Total Custom 1
Local
2021
Budget
Final
209058
79242
165770
183006
247073
194521
194487
198483
172776
82460
89369
107393
1923639
Total Mexico
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexico
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexico
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
3416
2628
3843
1624
1269
1201
2040
1404
2198
1447
1101
511
22681
Total Mexico
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
67924
52256
76416
32305
25242
23883
40566
27919
43703
28780
21899
10157
451049
Total Mexico
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
1841
1758
2059
1774
1932
1769
1927
2007
1935
1859
1750
1537
22149
Total Mexico
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
36621
34964
40944
35277
38424
35182
38317
39916
38488
36971
34795
30575
440473
Total Mexico
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
550
524
617
529
578
528
576
601
579
555
522
457
6617
Total Mexico
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
10939
10429
12269
10526
11494
10496
11461
11953
11514
11047
10377
9079
131585
Mexico MR Adjustments (MXN)
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
EBIT
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
12467
5830
10574
11069
14497
11641
11846
12152
10765
6124
6328
6957
120251
Mexico Mgmt Reporting
EBIT
Total Custom 1
Local
2021
Budget
Final
211013
81088
168009
184872
249146
196381
196553
200654
174853
84438
91203
108950
1947159
Mexico Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
3416
2628
3843
1624
1269
1201
2040
1404
2198
1447
1101
511
22681
Mexico Mgmt Reporting
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
67924
52256
76416
32305
25242
23883
40566
27919
43703
28780
21899
10157
451049
Mexico Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
34780
33206
38885
33503
36492
33413
36390
37908
36553
35112
33045
29038
418324
Mexico Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
10389
9905
11652
9997
10916
9969
10885
11352
10935
10491
9856
8622
124969
Total Mexicousd entities
EBIT
Total Custom 1
USD
2021
Budget
Final
1954
1845
2239
1866
2073
1860
2066
2171
2077
1977
1834
1557
23520
Total Mexicousd entities
EBIT
Total Custom 1
Local
2021
Budget
Final
1954
1845
2239
1866
2073
1860
2066
2171
2077
1977
1834
1557
23520
Total Mexicousd entities
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexicousd entities
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexicousd entities
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexicousd entities
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexicousd entities
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
(1841)
(1758)
(2059)
(1774)
(1932)
(1769)
(1927)
(2007)
(1935)
(1859)
(1750)
(1537)
(22149)
Total Mexicousd entities
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
(1841)
(1758)
(2059)
(1774)
(1932)
(1769)
(1927)
(2007)
(1935)
(1859)
(1750)
(1537)
(22149)
Total Mexicousd entities
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
(550)
(524)
(617)
(529)
(578)
(528)
(576)
(601)
(579)
(555)
(522)
(457)
(6617)
Total Mexicousd entities
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
(550)
(524)
(617)
(529)
(578)
(528)
(576)
(601)
(579)
(555)
(522)
(457)
(6617)
Total Brazil Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
6192
3786
5063
3594
4627
3937
5008
5910
5685
6251
5790
5742
61584
Total Brazil Mgmt Reporting
EBIT
Total Custom 1
Local
2021
Budget
Final
32142
19653
26282
18655
24018
20438
25996
30677
29512
32452
30059
29808
319690
Total Brazil Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
791
741
785
690
707
752
801
847
832
833
863
876
9517
Total Brazil Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
4108
3846
4075
3582
3668
3902
4158
4398
4319
4323
4480
4546
49405
Total Brazil Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Colombia Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
4407
3879
4494
5652
5894
4974
6560
6748
6879
6787
5478
3234
64986
Total Colombia Mgmt Reporting
EBIT
Total Custom 1
Local
2021
Budget
Final
15067387
13263595
15364223
19325104
20152949
17004980
22428776
23071622
23520827
23203154
18728071
11055369
222186057
Total Colombia Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Colombia Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Colombia Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
2736
3313
2924
3606
3953
3150
4288
4764
3858
4579
4263
3325
44759
Total Colombia Mgmt Reporting
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
9353229
11327116
9997013
12327312
13514966
10770900
14660926
16288460
13190884
15654758
14575462
11369644
153030671
Total Colombia Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
139
146
151
181
171
177
212
210
215
208
187
140
2136
Total Colombia Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
473829
499117
516517
619386
585125
604100
724460
717547
734407
711396
638632
479611
7304129
Total Colombia Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Colombia Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Peru Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
3612
2038
1690
2055
2270
2557
3104
2753
2254
2445
2134
1187
28101
Total Peru Mgmt Reporting
EBIT
Total Custom 1
Local
2021
Budget
Final
13070
7377
6116
7438
8215
9254
11235
9962
8157
8847
7724
4295
101691
Total Peru Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Peru Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Peru Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
3051
2340
2373
2628
3039
2664
3399
2944
3250
2946
3722
1671
34026
Total Peru Mgmt Reporting
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
11040
8470
8587
9511
10998
9641
12299
10653
11760
10661
13468
6046
123135
Total Peru Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
458
360
308
314
342
352
373
382
380
353
344
253
4220
Total Peru Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
1656
1303
1113
1138
1239
1274
1351
1383
1376
1279
1243
916
15271
Total Peru Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
147
107
93
93
101
107
113
118
119
112
109
80
1298
Total Peru Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
531
389
336
336
366
388
410
427
432
404
393
288
4698
Europe Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
30032
18845
33957
28938
37681
31576
43515
30901
23840
24929
23578
15689
343482
Europe Mgmt Reporting
EBIT
Total Custom 1
EUR
2021
Budget
Final
24440
15336
27635
23549
30665
25697
35412
25148
19401
20287
19188
12768
279526
Europe Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Europe Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
EUR
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Europe Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Europe Mgmt Reporting
Sales -3rd Party
Export-3rd Party
EUR
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Europe Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
0
0
0
0
0
0
0
0
0
0
0
0
0
Europe Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
EUR
2021
Budget
Final
0
0
0
0
0
0
0
0
0
0
0
0
0
Europe Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
0
0
0
0
0
0
0
0
0
0
0
0
0
Europe Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
EUR
2021
Budget
Final
0
0
0
0
0
0
0
0
0
0
0
0
0
OI Europe Sarl
Royalties to OI Toledo
Total Custom 1
USD
2021
Budget
Final
7998
7998
7998
7998
7998
7998
7998
7998
7998
7998
7998
7998
95975
OI Europe Sarl
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
2238
2238
2238
2238
2238
2238
2238
2238
2238
2238
2238
2238
26853
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(001910)
Total United Kingdom
EBIT
Total Custom 1
USD
2021
Budget
Final
1629
1383
2256
1858
3068
1263
4092
4062
3364
3273
3499
1776
31524
OI Sales and Distribution UK Ltd
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Poland
EBIT
Total Custom 1
USD
2021
Budget
Final
2045
1051
2603
1724
1789
1622
2327
1989
1292
1275
1204
250
19172
OI Sales and Distribution Poland Sp Zoo
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
OI Jarslow Machine Service Center
EBIT
Total Custom 1
USD
2021
Budget
Final
(56)
47
42
(58)
42
47
(19)
30
(10)
49
41
11
164
OI Poland Business Service Center
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Hungary
EBIT
Total Custom 1
USD
2021
Budget
Final
(407)
103
248
(67)
361
1223
899
471
381
186
253
(176)
3475
OI Sales and Distribution Hungary
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Czech
EBIT
Total Custom 1
USD
2021
Budget
Final
1053
(363)
1042
737
695
1237
1269
1413
(1104)
292
278
253
6801
OI Sales and Distribution Czech
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
European Glass Group Admin
EBIT
Total Custom 1
USD
2021
Budget
Final
7844
7785
7796
7735
7795
7795
7792
7792
7794
7951
7800
7783
93662
Europe MR Adjustments
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
OI Europe Sarl
Total Operating Expenses
Total Controllable Operating Expenses
USD
2021
Budget
Final
4096
4669
4662
4823
4618
4437
3886
4145
3908
3825
3760
3663
50490
Europe Mgmt Reportingusd entities
EBIT
Total Custom 1
USD
2021
Budget
Final
17926
8838
19969
17008
23930
18389
27156
15145
12124
11904
10503
5792
188684
Shares 2020
158671
Tax Rate 2020
3270
EUROPE
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
Base FX EUR
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
New FX EUR
13517
13517
13517
13517
13517
13517
13517
13517
13517
13517
13517
13517
10
10
10
10
10
10
10
10
10
10
10
10
3+9F FX CHF
08820
08820
08820
08820
08820
08820
08820
08820
08820
08820
08820
08820
New FX CHF
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
EBIT As Is
30032
18845
33957
28938
37681
31576
43515
30901
23840
24929
23578
15689
82834
98195
98256
64197
343482
EBIT USD
12107
10007
13988
11930
13751
13188
16359
15756
11717
13025
13075
9897
36102
38868
43832
35998
154799
70
CHF - Salaries amp Benefits
2867
3269
3263
3376
3232
3106
2720
2902
2735
2678
2632
2564
9399
9714
8357
7873
35343
EBIT EUR Denominated
20793
12106
23233
20384
27163
21494
29876
18047
14859
14582
13135
8356
56132
69041
62782
36072
224027
Translation
2079
1211
2323
2038
2716
2149
2988
1805
1486
1458
1313
836
5613
6904
6278
3607
22403
CHF Translation
(261)
(297)
(297)
(307)
(294)
(282)
(247)
(264)
(249)
(243)
(239)
(233)
(854)
(883)
(760)
(716)
(3213)
Sales 3rd Party
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Royalties
800
800
800
800
800
800
800
800
800
800
800
800
2399
2399
2399
2399
9597
Trademarks
224
224
224
224
224
224
224
224
224
224
224
224
671
671
671
671
2685
EPS Impact AMC
001
001
001
001
001
001
002
001
001
001
001
001
003
004
004
003
013
CENTRAL
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
3+9F FX
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
New FX
218753
218753
218753
218753
218753
218753
218753
218753
218753
218753
218753
218753
10
10
10
10
10
10
10
10
10
10
10
10
Local Currency Entities
Non Controllable EBIT As Is
10513
3985
8336
9202
12424
9781
9780
9981
8688
4147
4494
5400
22833
31408
28449
14041
96730
Translation
(956)
(362)
(758)
(837)
(1129)
(889)
(889)
(907)
(790)
(377)
(409)
(491)
(2076)
(2855)
(2586)
(1276)
(8794)
Sales 3rd Party
311
239
349
148
115
109
185
128
200
132
100
46
899
372
513
278
2062
Royalties
(167)
(160)
(187)
(161)
(176)
(161)
(175)
(182)
(176)
(169)
(159)
(140)
(514)
(498)
(534)
(468)
(2014)
Trademarks
(50)
(48)
(56)
(48)
(53)
(48)
(52)
(55)
(53)
(50)
(47)
(42)
(154)
(149)
(160)
(139)
(602)
EPS Impact AMC
(000)
(000)
(000)
(000)
(001)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(001)
(001)
(001)
(001)
(004)
BRAZIL
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
3+9F FX
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
New FX
57102
57102
57102
57102
57102
57102
57102
57102
57102
57102
57102
57102
10
10
10
10
10
10
10
10
10
10
10
10
Local Currency Entities
Non Controllable EBIT As Is
6192
3786
5063
3594
4627
3937
5008
5910
5685
6251
5790
5742
15040
12157
16602
17784
61584
Translation
(563)
(344)
(460)
(327)
(421)
(358)
(455)
(537)
(517)
(568)
(526)
(522)
(1367)
(1105)
(1509)
(1617)
(5599)
Sales 3rd Party
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Royalties
(72)
(67)
(71)
(63)
(64)
(68)
(73)
(77)
(76)
(76)
(78)
(80)
(211)
(195)
(225)
(234)
(865)
Trademarks
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
EPS Impact BRAZIL
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(001)
(001)
(001)
(001)
(003)
COLOMBIA
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
3+9F FX
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
New FX
3761
3761
3761
3761
3761
3761
3761
3761
3761
3761
3761
3761
10
10
10
10
10
10
10
10
10
10
10
10
Local Currency Entities
Non Controllable EBIT As Is
4407
3879
4494
5652
5894
4974
6560
6748
6879
6787
5478
3234
12780
16520
20188
15498
64986
Translation
(401)
(353)
(409)
(514)
(536)
(452)
(596)
(613)
(625)
(617)
(498)
(294)
(1162)
(1502)
(1835)
(1409)
(5908)
Sales 3rd Party
249
301
266
328
359
286
390
433
351
416
388
302
816
974
1174
1106
4069
Royalties
(13)
(13)
(14)
(16)
(16)
(16)
(19)
(19)
(20)
(19)
(17)
(13)
(40)
(48)
(58)
(49)
(194)
Trademarks
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
EPS Impact COLOMBIA
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(001)
PERU
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
3+9F FX
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
New FX
39807
39807
39807
39807
39807
39807
39807
39807
39807
39807
39807
39807
10
10
10
10
10
10
10
10
10
10
10
10
Local Currency Entities
Non Controllable EBIT As Is
3612
2038
1690
2055
2270
2557
3104
2753
2254
2445
2134
1187
7340
6883
8112
5766
28101
Translation
(328)
(185)
(154)
(187)
(206)
(232)
(282)
(250)
(205)
(222)
(194)
(108)
(667)
(626)
(737)
(524)
(2555)
Sales 3rd Party
277
213
216
239
276
242
309
268
295
268
338
152
706
757
872
758
3093
Royalties
(42)
(33)
(28)
(29)
(31)
(32)
(34)
(35)
(35)
(32)
(31)
(23)
(102)
(92)
(103)
(86)
(384)
Trademarks
(13)
(10)
(8)
(8)
(9)
(10)
(10)
(11)
(11)
(10)
(10)
(7)
(32)
(27)
(32)
(27)
(118)
EPS Impact PERU
(000)
(000)
000
000
000
(000)
(000)
(000)
000
000
000
000
(000)
000
(000)
000
000
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End SIMULATION
10
Change
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
SPOT
FROM
TO
Currency
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
RATE
AMERICAS
USD
ARS
USDARS
Argentine Peso
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
USD
BRL
USDBRL
Brazilian Real
571021
571021
571021
571021
571021
571021
571021
571021
571021
571021
571021
571021
571021
USD
COP
USDCOP
Colombian Peso
37609
37609
37609
37609
37609
37609
37609
37609
37609
37609
37609
37609
37609
USD
PEN
USDPEN
Peru New Sol
398068
398068
398068
398068
398068
398068
398068
398068
398068
398068
398068
398068
398068
USD
BOB
USDBOB
Bolivian Boliviano
7656
7656
7656
7656
7656
7656
7656
7656
7656
7656
7656
7656
7656
USD
DOP
USDDOP
Dominican Rep Peso
637802
637802
637802
637802
637802
637802
637802
637802
637802
637802
637802
637802
637802
USD
MXN
USDMXN
Mexico Peso
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
USD
CAD
USDCAD
Canadian Dollar
140195
140195
140195
140195
140195
140195
140195
140195
140195
140195
140195
140195
140195
EUROPE
EUR
USD
EURUSD
EURO
135168
135168
135168
135168
135168
135168
135168
135168
135168
135168
135168
135168
135168
USD
CHF
USDCHF
Swiss Franc
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
GBP
USD
GBPUSD
Pound Sterling
149754
149754
149754
149754
149754
149754
149754
149754
149754
149754
149754
149754
149754
USD
PLN
USDPLN
Poland Zloty
409805
409805
409805
409805
409805
409805
409805
409805
409805
409805
409805
409805
409805
USD
CZK
USDCZK
Czech Koruna
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
USD
HUF
USDHUF
Hungary Forint
326623
326623
326623
326623
326623
326623
326623
326623
326623
326623
326623
326623
326623
EUR
BRL
EURBRL
Brazilian Real
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
USD
RUB
USDRUB
Russian Rouble
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
084678
084678
084678
084678
084678
084678
084678
084678
084678
084678
084678
084678
084678
NZD
USD
NZDUSD
New Zealand Dollar
079409
079409
079409
079409
079409
079409
079409
079409
079409
079409
079409
079409
079409
USD
CNY
USDCNY
China Renminbi
718311
718311
718311
718311
718311
718311
718311
718311
718311
718311
718311
718311
718311
USD
HKD
USDHKD
Hong Kong Dollar
852731
852731
852731
852731
852731
852731
852731
852731
852731
852731
852731
852731
852731
USD
IDR
USDIDR
Indonesian Rupiah
15444
15444
15444
15444
15444
15444
15444
15444
15444
15444
15444
15444
15444
USD
SGD
USDSGD
Singapore Dollar
145508
145508
145508
145508
145508
145508
145508
145508
145508
145508
145508
145508
145508
USD
VND
USDVND
Viecirct Nam dong
253913
253913
253913
253913
253913
253913
253913
253913
253913
253913
253913
253913
253913
USD
THB
USDTHB
Thailand Baht
32934
32934
32934
32934
32934
32934
32934
32934
32934
32934
32934
32934
32934
OTHER
USD
CLP
USDCLP
Chilean Peso
782408
782408
782408
782408
782408
782408
782408
782408
782408
782408
782408
782408
782408
USD
JPY
USDJPY
Japanese Yen
113487
113487
113487
113487
113487
113487
113487
113487
113487
113487
113487
113487
113487
USD
KRW
USDKRW
Korean Won
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
USD
LTL
USDLTL
Lithuania Litas
309078
309078
309078
309078
309078
309078
309078
309078
309078
309078
309078
309078
309078
USD
MYR
USDMYR
Malaysia Ringgit
441155
441155
441155
441155
441155
441155
441155
441155
441155
441155
441155
441155
441155
USD
PGK
USDPGK
Papau NG Kina
378873
378873
378873
378873
378873
378873
378873
378873
378873
378873
378873
378873
378873
USD
PHP
USDPHP
Philippine Peso
528077
528077
528077
528077
528077
528077
528077
528077
528077
528077
528077
528077
528077
USD
TWD
USDTWD
Taiwanese Dollar
30877
30877
30877
30877
30877
30877
30877
30877
30877
30877
30877
30877
30877
USD
TRL
USDTRL
Turkish Lira
810623
810623
810623
810623
810623
810623
810623
810623
810623
810623
810623
810623
810623
USD
ZAR
USDZAR
So African Rand
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
USD
INR
USDINR
India Rupee
80399
80399
80399
80399
80399
80399
80399
80399
80399
80399
80399
80399
80399
USD
SAR
USDSAR
Saudi Arabia Riyal
412665
412665
412665
412665
412665
412665
412665
412665
412665
412665
412665
412665
412665
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
EUR
GBP
EURGBP
1 Euro to the Pound
099286
099286
099286
099286
099286
099286
099286
099286
099286
099286
099286
099286
099286
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
119218
119218
119218
119218
119218
119218
119218
119218
119218
119218
119218
119218
119218
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End - 2020
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
FROM
TO
Currency
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
AMERICAS
USD
ARS
USDARS
Argentine Peso
841411
841411
841411
841411
841411
841411
841411
841411
841411
841411
841411
841411
8720000
USD
BRL
USDBRL
Brazilian Real
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
543920
USD
COP
USDCOP
Colombian Peso
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
355800000
USD
PEN
USDPEN
Peru New Sol
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
364270
USD
BOB
USDBOB
Bolivian Boliviano
696
696
696
696
696
696
696
696
696
696
696
696
696000
USD
DOP
USDDOP
Dominican Rep Peso
57982
57982
57982
57982
57982
57982
57982
57982
57982
57982
57982
57982
5799800
USD
MXN
USDMXN
Mexico Peso
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
2035240
USD
CAD
USDCAD
Canadian Dollar
12745
12745
12745
12745
12745
12745
12745
12745
12745
12745
12745
12745
128700
EUROPE
EUR
USD
EURUSD
EURO
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
120970
USD
CHF
USDCHF
Swiss Franc
0882
0882
0882
0882
0882
0882
0882
0882
0882
0882
0882
0882
088960
GBP
USD
GBPUSD
Pound Sterling
13614
13614
13614
13614
13614
13614
13614
13614
13614
13614
13614
13614
137030
USD
PLN
USDPLN
Poland Zloty
37255
37255
37255
37255
37255
37255
37255
37255
37255
37255
37255
37255
375170
USD
CZK
USDCZK
Czech Koruna
213174
213174
213174
213174
213174
213174
213174
213174
213174
213174
213174
213174
2154860
USD
HUF
USDHUF
Hungary Forint
29693
29693
29693
29693
29693
29693
29693
29693
29693
29693
29693
29693
29639000
EUR
BRL
EURBRL
Brazilian Real
637882
637882
637882
637882
637882
637882
637882
637882
637882
637882
637882
637882
657980
USD
RUB
USDRUB
Russian Rouble
743399
743399
743399
743399
743399
743399
743399
743399
743399
743399
743399
743399
7617880
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
07698
07698
07698
07698
07698
07698
07698
07698
07698
07698
07698
07698
076430
NZD
USD
NZDUSD
New Zealand Dollar
07219
07219
07219
07219
07219
07219
07219
07219
07219
07219
07219
07219
071520
USD
CNY
USDCNY
China Renminbi
65301
65301
65301
65301
65301
65301
65301
65301
65301
65301
65301
65301
646100
USD
HKD
USDHKD
Hong Kong Dollar
77521
77521
77521
77521
77521
77521
77521
77521
77521
77521
77521
77521
775270
USD
IDR
USDIDR
Indonesian Rupiah
14040
14040
14040
14040
14040
14040
14040
14040
14040
14040
14040
14040
1403000000
USD
SGD
USDSGD
Singapore Dollar
13228
13228
13228
13228
13228
13228
13228
13228
13228
13228
13228
13228
133130
USD
VND
USDVND
Viecirct Nam dong
23083
23083
23083
23083
23083
23083
23083
23083
23083
23083
23083
23083
2305200000
USD
THB
USDTHB
Thailand Baht
2994
2994
2994
2994
2994
2994
2994
2994
2994
2994
2994
2994
2998400
OTHER
USD
CLP
USDCLP
Chilean Peso
71128
71128
71128
71128
71128
71128
71128
71128
71128
71128
71128
71128
73815000
USD
JPY
USDJPY
Japanese Yen
10317
10317
10317
10317
10317
10317
10317
10317
10317
10317
10317
10317
10452000
USD
KRW
USDKRW
Korean Won
108461
108461
108461
108461
108461
108461
108461
108461
108461
108461
108461
108461
111940000
USD
LTL
USDLTL
Lithuania Litas
28098
28098
28098
28098
28098
28098
28098
28098
28098
28098
28098
28098
285390
USD
MYR
USDMYR
Malaysia Ringgit
40105
40105
40105
40105
40105
40105
40105
40105
40105
40105
40105
40105
405350
USD
PGK
USDPGK
Papau NG Kina
34443
34443
34443
34443
34443
34443
34443
34443
34443
34443
34443
34443
348640
USD
PHP
USDPHP
Philippine Peso
48007
48007
48007
48007
48007
48007
48007
48007
48007
48007
48007
48007
4807500
USD
TWD
USDTWD
Taiwanese Dollar
2807
2807
2807
2807
2807
2807
2807
2807
2807
2807
2807
2807
2803300
USD
TRL
USDTRL
Turkish Lira
73693
73693
73693
73693
73693
73693
73693
73693
73693
73693
73693
73693
736220
USD
ZAR
USDZAR
So African Rand
146144
146144
146144
146144
146144
146144
146144
146144
146144
146144
146144
146144
1526290
USD
INR
USDINR
India Rupee
7309
7309
7309
7309
7309
7309
7309
7309
7309
7309
7309
7309
7298750
USD
SAR
USDSAR
Saudi Arabia Riyal
37515
37515
37515
37515
37515
37515
37515
37515
37515
37515
37515
37515
375070
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
106635
106635
106635
106635
106635
106635
106635
106635
106635
106635
106635
106635
106865
EUR
GBP
EURGBP
1 Euro to the Pound
09026
09026
09026
09026
09026
09026
09026
09026
09026
09026
09026
09026
088280
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
10838
10838
10838
10838
10838
10838
10838
10838
10838
10838
10838
10838
107615
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End - 2021
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
FROM
TO
Currency
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Average
High
Low
AMERICAS
USD
ARS
USDARS
Argentine Peso
872
8975
919508
934904
945289
956926
966403
977029
987036
9336949
9770290
8720000
8720000
USD
BRL
USDBRL
Brazilian Real
54392
55178
57736
53367
52372
49545
50795
51835
54132
537650
577360
495450
543920
USD
COP
USDCOP
Colombian Peso
3558
359681
372672
3709
372931
376071
3845
380625
383497
368009167
376071000
355800000
355800000
USD
PEN
USDPEN
Peru New Sol
36427
36475
37706
37846
38455
388
39266
40748
41279
376182
388000
364270
364270
USD
BOB
USDBOB
Bolivian Boliviano
696
696
696
696
696
696
696
696
696
696
696
696
696000
696000
696000
696000
USD
DOP
USDDOP
Dominican Rep Peso
57998
57789
56623
56594
56689
5686
56918
56775
56201
5709217
5799800
5659400
5799800
USD
MXN
USDMXN
Mexico Peso
203524
209672
206091
200331
199466
197926
198879
201029
204877
2028350
2096720
1979260
2035240
USD
CAD
USDCAD
Canadian Dollar
1287
12617
12622
12275
12079
1239
12449
12594
1273
124755
128700
120790
128700
EUROPE
EUR
USD
EURUSD
EURO
12097
12154
11707
12117
12185
119
11879
11819
11605
120267
121850
117070
120970
USD
CHF
USDCHF
Swiss Franc
08896
0906
09438
09089
08976
09213
0907
09154
09333
091120
094380
088960
088960
GBP
USD
GBPUSD
Pound Sterling
13703
13959
13724
1394
14195
13848
13947
13784
13448
138948
141950
137030
137030
USD
PLN
USDPLN
Poland Zloty
37517
37212
39797
37666
36836
37963
38455
38546
3987
378318
397970
368360
375170
USD
CZK
USDCZK
Czech Koruna
215486
215912
223301
213397
208705
214242
214644
21627
219734
2151738
2233010
2087050
2154860
USD
HUF
USDHUF
Hungary Forint
29639
29784
31019
29713
28557
29538
30086
29444
31033
29708333
31019000
28557000
29639000
EUR
BRL
EURBRL
Brazilian Real
65798
670633
675915
646648
638153
589586
603394
612638
628202
646486
675915
589586
657980
USD
RUB
USDRUB
Russian Rouble
761788
7454
757817
746046
734775
727608
7332
73398
72703
7455723
7617880
7276080
7617880
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
07643
0783
07597
07778
07742
07521
0739
07313
07203
076852
078300
075210
076430
NZD
USD
NZDUSD
New Zealand Dollar
07152
07345
06974
07245
07268
06996
07004
07037
06879
071633
073450
069740
071520
USD
CNY
USDCNY
China Renminbi
6461
6471
65632
64688
63682
64567
64587
64671
64682
646482
656320
636820
646100
USD
HKD
USDHKD
Hong Kong Dollar
77527
77551
7775
77639
77588
77652
77741
77846
77868
776178
777500
775270
775270
USD
IDR
USDIDR
Indonesian Rupiah
14030
14200
14540
14450
14290
14535
14455
14311
14320
1434083333
1454000000
1403000000
1403000000
USD
SGD
USDSGD
Singapore Dollar
13313
13286
13476
13267
1324
13447
13532
13444
13612
133382
134760
132400
133130
USD
VND
USDVND
Viecirct Nam dong
23052
23017
23074
23045
23046
23018
22958
22776
22758
2304200000
2307400000
2301700000
2305200000
USD
THB
USDTHB
Thailand Baht
29984
30312
31375
31189
31264
32016
32895
32321
33926
3102333
3201600
2998400
2998400
OTHER
USD
CLP
USDCLP
Chilean Peso
73815
7138
72993
7055
7286
72743
7596
78174
8091
72390167
73815000
70550000
73815000
USD
JPY
USDJPY
Japanese Yen
10452
10624
11084
10887
10987
11049
10951
10989
11195
10847167
11084000
10452000
10452000
USD
KRW
USDKRW
Korean Won
11194
11227
11327
11102
111449
112816
114796
116065
118543
112127500
113270000
111020000
111940000
USD
LTL
USDLTL
Lithuania Litas
28539
28403
29492
28495
28334
29013
29067
29214
29751
287127
294920
283340
285390
USD
MYR
USDMYR
Malaysia Ringgit
40535
405
41555
4103
4134
41525
4231
4153
4188
410808
415550
405000
405350
USD
PGK
USDPGK
Papau NG Kina
34864
34728
34072
34732
3452
34507
34072
34303
34616
345705
348640
340720
348640
USD
PHP
USDPHP
Philippine Peso
48075
48838
48563
48182
47862
48694
50209
49742
50893
4836900
4883800
4786200
4807500
USD
TWD
USDTWD
Taiwanese Dollar
28033
27826
28513
27891
27729
27896
2792
27742
27856
2798133
2851300
2772900
2803300
USD
TRL
USDTRL
Turkish Lira
73622
74188
83084
8199
84958
8731
84669
83658
89081
808587
873100
736220
736220
USD
ZAR
USDZAR
So African Rand
152629
15045
149365
142917
137698
143294
145603
146429
151236
1460588
1526290
1376980
1526290
USD
INR
USDINR
India Rupee
729875
73045
73485
7404
723725
74255
742875
732475
74345
7336417
7425500
7237250
7298750
USD
SAR
USDSAR
Saudi Arabia Riyal
37507
37502
37503
37501
37501
37504
37505
37507
37508
375030
375070
375010
375070
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
106865
106603
108933
107357
106522
107504
105511
103922
10471
107297
108933
106522
106865
EUR
GBP
EURGBP
1 Euro to the Pound
08828
087069
085303
086923
08584
085933
085172
085744
086295
086558
088280
085303
088280
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
107615
110115
110491
110131
109373
109635
107743
108191
108309
109560
110491
107615
107615
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End - 2020
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
FROM
TO
Currency
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Average
High
Low
AMERICAS
USD
ARS
USDARS
Argentine Peso
60246
621341
64464
6674
68439
703918
7225
739883
761102
782887
81058
841411
7152093
8414110
6024600
8720000
USD
BRL
USDBRL
Brazilian Real
42464
44903
51924
53342
54059
54023
5153
5387
56312
57774
53354
51911
521222
577740
424640
543920
USD
COP
USDCOP
Colombian Peso
34133
3499
405405
39217
369789
375371
372175
374842
388565
385525
360436
3419
371450667
405405000
341330000
355800000
USD
PEN
USDPEN
Peru New Sol
33647
34333
34365
33658
34365
35227
35117
35328
35971
36106
36017
36188
350268
361880
336470
364270
USD
BOB
USDBOB
Bolivian Boliviano
696
696
696
696
696
696
696
696
696
696
696
696
696000
696000
696000
690690
USD
DOP
USDDOP
Dominican Rep Peso
52674
53093
53678
54456
57275
58076
58335
57922
58038
5824
58155
57982
5649367
5833500
5267400
5799800
USD
MXN
USDMXN
Mexico Peso
187562
195268
239454
237426
221609
23033
220036
2178
224419
21368
200542
198866
2155827
2394540
1875620
2035240
USD
CAD
USDCAD
Canadian Dollar
13204
13444
14199
13865
13763
13663
13422
13082
13404
13312
1299
12745
134244
141990
127450
128700
EUROPE
EUR
USD
EURUSD
EURO
11024
10995
1101
10858
11098
11237
11893
11902
11734
11681
11969
12288
114741
122880
108580
120970
USD
CHF
USDCHF
Swiss Franc
09706
09676
09601
09747
09627
09516
09065
09042
09209
09145
09034
0882
093490
097470
088200
088960
GBP
USD
GBPUSD
Pound Sterling
13097
12882
12332
12465
12344
12298
13129
13339
12841
12916
13338
13614
128829
136140
122980
137030
USD
PLN
USDPLN
Poland Zloty
38927
3938
41288
41828
40114
39606
37075
36844
38614
39562
37441
37255
389945
418280
368440
375170
USD
CZK
USDCZK
Czech Koruna
22887
23066
247565
24932
242893
23819
220513
219209
231743
234209
218839
213174
2312654
2493200
2131740
2154860
USD
HUF
USDHUF
Hungary Forint
30568
30842
32569
32597
31455
31679
28997
29692
31108
31485
3018
29693
30905417
32597000
28997000
29639000
EUR
BRL
EURBRL
Brazilian Real
468123
493708
571683
579187
599947
607056
612846
641161
660765
674858
638594
637882
598818
674858
468123
657980
USD
RUB
USDRUB
Russian Rouble
631686
6665
793185
72783
70542
700054
731552
74037
789805
786921
760592
743399
7314428
7931850
6316860
7617880
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
06721
06524
0617
06562
06649
0688
07218
0735
07118
07045
0739
07698
069438
076980
061700
076430
NZD
USD
NZDUSD
New Zealand Dollar
06486
06237
06015
06144
06206
06422
06704
06726
06586
06626
07032
07219
065336
072190
060150
071520
USD
CNY
USDCNY
China Renminbi
69109
70114
70877
70547
71501
70671
69869
68515
68111
66829
65845
65301
689408
715010
653010
646100
USD
HKD
USDHKD
Hong Kong Dollar
7769
77978
77542
77505
77532
77503
77499
77502
775
77519
77511
77521
775668
779780
774990
775270
USD
IDR
USDIDR
Indonesian Rupiah
13650
14170
16335
14925
14650
14225
14530
14544
14850
14625
14080
14040
1455200000
1633500000
1365000000
1403000000
USD
SGD
USDSGD
Singapore Dollar
13618
13984
14243
14102
14133
13936
13698
13592
13689
13646
13372
13228
137701
142430
132280
133130
USD
VND
USDVND
Viecirct Nam dong
23221
23238
23633
23309
23280
23204
23171
23174
23183
23177
23143
23083
2323466667
2363300000
2308300000
2305200000
USD
THB
USDTHB
Thailand Baht
31112
31661
32624
32326
31825
30872
31199
31082
31671
312
30268
2994
3131500
3262400
2994000
2998400
OTHER
USD
CLP
USDCLP
Chilean Peso
79599
81441
85123
83475
8077
81928
75903
7783
7865
77228
767
71128
79147917
85123000
71128000
73815000
USD
JPY
USDJPY
Japanese Yen
10908
1089
10829
10654
10713
10773
10429
10563
10551
10435
10388
10317
10620833
10908000
10317000
10452000
USD
KRW
USDKRW
Korean Won
118807
121638
12195
120616
12371
1198
11885
118422
116833
112881
11056
108461
117710667
123710000
108461000
111940000
USD
LTL
USDLTL
Lithuania Litas
3132
31404
31355
31797
31105
30722
29031
29006
29423
29557
28845
28098
301386
317970
280980
285390
USD
MYR
USDMYR
Malaysia Ringgit
40875
4226
4295
4316
435
42795
42375
4163
4157
4158
4069
40105
419575
435000
401050
405350
USD
PGK
USDPGK
Papau NG Kina
33357
33234
34141
34056
33572
34503
33732
34018
34297
34648
34516
34443
340431
346480
332340
348640
USD
PHP
USDPHP
Philippine Peso
50894
51024
50757
5037
50585
49795
49032
48314
4842
4838
48118
48007
4947467
5102400
4800700
4807500
USD
TWD
USDTWD
Taiwanese Dollar
30232
3024
30253
2976
29983
29448
29333
29376
28985
28598
2855
2807
2940233
3025300
2807000
2803300
USD
TRL
USDTRL
Turkish Lira
59742
6216
65765
69528
68135
68476
69639
73286
78001
8311
7835
73693
708238
831100
597420
736220
USD
ZAR
USDZAR
So African Rand
147542
156154
179346
181579
174636
172523
167385
165789
169531
163508
152422
146144
1647133
1815790
1461440
1526290
USD
INR
USDINR
India Rupee
714525
7196
755575
75
75635
7553
747325
7335
738125
74105
740425
7309
7402229
7563500
7145250
7298750
USD
SAR
USDSAR
Saudi Arabia Riyal
37516
37516
37587
37572
37551
37506
37506
37503
37508
37501
37505
37515
375238
375870
375010
375070
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
103623
104602
102577
106803
107138
107132
107667
109277
108078
106324
105091
106635
106246
109277
102577
106865
EUR
GBP
EURGBP
1 Euro to the Pound
084172
085352
08928
087108
089906
091373
090586
089227
091379
090438
089736
09026
089068
091379
084172
088280
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
106999
106388
105707
105833
10684
106931
10781
107618
108058
106823
108128
10838
107126
108380
105707
107615
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End - 2019
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
FROM
TO
Currency
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Average
High
Low
AMERICAS
USD
ARS
USDARS
Argentine Peso
3741050
3878
43635
4432
4454500
42675
43935
578655
5732
596945
597375
5985
4956573
5985000
3741050
8720000
USD
BRL
USDBRL
Brazilian Real
367900
37287
39005
39413
398090
38194
37903
41696
41571
39899
42107
40214
394617
421070
367900
543920
USD
COP
USDCOP
Colombian Peso
316290000
306967
317552
325128
336260000
319593
330106
343599
345776
338689
350988
328075
329342091
350988000
306967000
355800000
USD
PEN
USDPEN
Peru New Sol
335150
32958
33195
33099
336450
32892
32855
33937
33805
33433
33932
33148
333426
339370
328550
364270
USD
BOB
USDBOB
Bolivian Boliviano
696000
696
696
696
696
696
696
696
696
696
696
696
696000
696000
696000
690690
USD
DOP
USDDOP
Dominican Rep Peso
5030900
50171
5028
50701
5028500
50643
5072
50774
524
5281
52856
5295
5132855
5295000
5017100
5799800
USD
MXN
USDMXN
Mexico Peso
1913710
191613
193584
190288
1955140
191857
190491
201595
196839
190735
195127
189251
1929774
2015950
1892510
2035240
USD
CAD
USDCAD
Canadian Dollar
131290
13154
13438
13461
135380
13097
13138
13301
13234
13158
13286
13051
132225
134610
130510
128700
EUROPE
EUR
USD
EURUSD
EURO
115040
11377
1123
11189
111280
11362
11155
11047
10936
11164
1101
11202
111978
115040
109360
120970
USD
CHF
USDCHF
Swiss Franc
099260
09986
09959
1019
100530
09755
09911
09873
09911
09872
09985
09679
099134
101900
096790
088960
GBP
USD
GBPUSD
Pound Sterling
131260
13303
13068
12944
126070
12668
1216
12183
12296
12926
12912
13118
127913
133030
121600
137030
USD
PLN
USDPLN
Poland Zloty
372470
37912
38234
38356
385280
37408
38524
39704
40057
38128
39233
37958
384328
400570
372470
375170
USD
CZK
USDCZK
Czech Koruna
2238300
22522
22965
22923
2320450
22385
230019
234362
23629
228556
232165
226645
2290743
2362900
2238300
2154860
USD
HUF
USDHUF
Hungary Forint
27437000
27792
28516
28878
29197000
28494
29349
29989
30652
29494
30499
29533
29148455
30652000
27437000
29639000
EUR
BRL
EURBRL
Brazilian Real
423232
424214
438026
440992
442995
43396
422808
460616
45462
445432
463598
450477
441634
463598
422808
657980
USD
RUB
USDRUB
Russian Rouble
6538700
657042
647791
644333
6525850
630529
63485
66505
645088
637495
640362
619672
6432802
6650500
6196720
7617880
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
072670
07144
0709
07045
069180
0701
06897
06717
06755
06923
06775
07005
069662
072670
067170
076430
NZD
USD
NZDUSD
New Zealand Dollar
069140
06847
06789
06665
065110
06699
06599
06298
06268
06424
06422
06729
066049
069140
062680
071520
USD
CNY
USDCNY
China Renminbi
669840
6681
67244
67368
690830
68727
68809
71506
71231
70384
70321
69759
690130
715060
668100
646100
USD
HKD
USDHKD
Hong Kong Dollar
784480
78494
78499
7845
784690
781
78254
78451
7841
78354
78269
77845
783249
784990
778450
775270
USD
IDR
USDIDR
Indonesian Rupiah
13980
14065
14230
14225
1437300000
14125
14008
14225
14170
14008
14110
13870
1409236364
1423000000
1387000000
1403000000
USD
SGD
USDSGD
Singapore Dollar
134590
13486
13556
1362
137870
13536
13692
13884
13815
13604
13663
13471
136169
138840
134590
133130
USD
VND
USDVND
Viecirct Nam dong
23199
23198
23175
23280
2341300000
23299
23200
23195
23201
23199
23195
23172
2321027273
2329900000
2317200000
2305200000
USD
THB
USDTHB
Thailand Baht
3123900
31461
31808
31933
3177500
30743
30772
30637
30587
30187
30229
2987
3086055
3193300
2987000
2998400
OTHER
USD
CLP
USDCLP
Chilean Peso
66726000
65056
68319
67936
70901000
67977
70109
72096
72652
73834
82799
75163
71151545
82799000
65056000
73815000
USD
JPY
USDJPY
Japanese Yen
10880000
11089
11072
11149
10896000
10764
10854
10636
10788
10866
10947
10869
10901273
11149000
10636000
10452000
USD
KRW
USDKRW
Korean Won
111040000
111855
113511
11641
119060000
11562
11805
12081
119827
11608
11812
115568
116081000
120810000
111040000
111940000
USD
LTL
USDLTL
Lithuania Litas
300140
30349
30745
30856
310260
30387
30953
31255
31572
30925
31359
30822
308397
315720
300140
285390
USD
MYR
USDMYR
Malaysia Ringgit
408600
4069
40815
4134
419650
4141
4127
4221
4186
41755
4171
4092
413491
422100
406900
405350
USD
PGK
USDPGK
Papau NG Kina
328410
32841
32895
32841
328950
33003
33113
33167
33321
33177
3329
33768
331143
337680
328410
348640
USD
PHP
USDPHP
Philippine Peso
5205600
51729
52593
52025
5225500
51209
5081
5216
51763
50764
50809
5068
5150891
5259300
5068000
4807500
USD
TWD
USDTWD
Taiwanese Dollar
3066600
30794
3085
30925
3161500
31006
31082
31321
3103
30395
30525
29981
3077955
3132100
2998100
2803300
USD
TRL
USDTRL
Turkish Lira
521710
53184
55715
59545
590660
5776
55591
58369
56673
5707
57589
59483
566500
595450
521710
736220
USD
ZAR
USDZAR
So African Rand
1331760
13933
145893
143317
1481780
141702
141787
15335
151298
149581
147129
141242
1443459
1533500
1331760
1526290
USD
INR
USDINR
India Rupee
7099750
71135
690775
6982
6977250
689725
68865
7174
7064
70745
716975
712825
7045205
7174000
6886500
7298750
USD
SAR
USDSAR
Saudi Arabia Riyal
375030
375
37501
37501
375000
375
37503
37499
37513
37501
37497
37507
375023
375130
374970
375070
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
105106
104338
104434
105701
106251
104642
104516
106653
10777
107768
105497
104102
105502
107770
104102
106865
EUR
GBP
EURGBP
1 Euro to the Pound
087643
085522
085935
086442
088268
089691
091735
090676
088939
086369
08527
085394
087601
091735
085270
088280
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
114189
113611
11184
114016
111870
110836
110557
109067
108387
110211
109935
108424
111007
114189
108387
107615
SAFE HARBOR COMMENTSFORWARD-LOOKING STATEMENTS
This presentation contains ldquoforward-lookingrdquo statements related to O-I Glass Inc (the ldquocompanyrdquo) within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended (theldquoExchange Actrdquo) and Section 27A of the Securities Act of 1933 Forward-looking statements reflect the companyrsquos current expectations and projections about future events at the time andthus involve uncertainty and risk The words ldquobelieverdquo ldquoexpectrdquo ldquoanticipaterdquo ldquowillrdquo ldquocouldrdquo ldquowouldrdquo ldquoshouldrdquo ldquomayrdquo ldquoplanrdquo ldquoestimaterdquo ldquointendrdquo ldquopredictrdquo ldquopotentialrdquo ldquocontinuerdquo and thenegatives of these words and other similar expressions generally identify forward-looking statements
It is possible that the companyrsquos future financial performance may differ from expectations due to a variety of factors including but not limited to the following (1) the risk that the proposedplan of reorganization of Paddock Enterprises LLC (ldquoPaddockrdquo) may not be approved by the bankruptcy court or that other conditions necessary to implement the agreement in principle maynot be satisfied (2) the actions and decisions of participants in the bankruptcy proceeding and the actions and decisions of third parties including regulators that may have an interest in thebankruptcy proceedings (3) the terms and conditions of any reorganization plan that may ultimately be approved by the bankruptcy court (4) delays in the confirmation or consummation of aplan of reorganization due to factors beyond the companyrsquos and Paddockrsquos control (5) risks with respect to the receipt of the consents necessary to effect the reorganization (6) risksinherent in and potentially adverse developments related to the bankruptcy proceeding that could adversely affect the company and the companyrsquos liquidity or results of operations (7) theimpact of the COVID-19 pandemic and the various governmental industry and consumer actions related thereto (8) the companyrsquos ability to obtain the benefits it anticipates from thecorporate modernization (9) the companyrsquos ability to manage its cost structure including its success in implementing restructuring or other plans aimed at improving the companyrsquos operatingefficiency and working capital management achieving cost savings and remaining well-positioned to address Paddockrsquos legacy liabilities (10) the companyrsquos ability to acquire or divestbusinesses acquire and expand plants integrate operations of acquired businesses and achieve expected benefits from acquisitions divestitures or expansions (11) the companyrsquos ability toachieve its strategic plan (12) the companyrsquos ability to improve its glass melting technology known as the MAGMA program (13) foreign currency fluctuations relative to the US dollar (14)changes in capital availability or cost including interest rate fluctuations and the ability of the company to refinance debt on favorable terms (15) the general political economic andcompetitive conditions in markets and countries where the company has operations including uncertainties related to Brexit economic and social conditions disruptions in the supply chaincompetitive pricing pressures inflation or deflation changes in tax rates and laws natural disasters and weather (16) the companyrsquos ability to generate sufficient future cash flows to ensurethe companyrsquos goodwill is not impaired (17) consumer preferences for alternative forms of packaging (18) cost and availability of raw materials labor energy and transportation (19)consolidation among competitors and customers (20) unanticipated expenditures with respect to data privacy environmental safety and health laws (21) unanticipated operationaldisruptions including higher capital spending (22) the companyrsquos ability to further develop its sales marketing and product development capabilities (23) the failure of the companyrsquos jointventure partners to meet their obligations or commit additional capital to the joint venture (24) the ability of the company and the third parties on which it relies for information technologysystem support to prevent and detect security breaches related to cybersecurity and data privacy (25) changes in US trade policies and the other risk factors discussed in the companyrsquosAnnual Report on Form 10-K for the year ended December 31 2020 and any subsequently filed Annual Report on Form 10-K Quarterly Reports on Form 10-Q or the companyrsquos otherfilings with the Securities and Exchange Commission
It is not possible to foresee or identify all such factors Any forward-looking statements in this document are based on certain assumptions and analyses made by the company in light of itsexperience and perception of historical trends current conditions expected future developments and other factors it believes are appropriate in the circumstances Forward-lookingstatements are not a guarantee of future performance and actual results or developments may differ materially from expectations While the company continually reviews trends anduncertainties affecting the companyrsquos results or operations and financial condition the company does not assume any obligation to update or supplement any particular forward-lookingstatements contained in this document
Improved sustainabilitySatisfied customersEngaged employeesLeader in innovation
O-I SRATEGY TO ENHANCE STAKEHOLDER VALUE
ENHANCEVALUETRANSFORMATIONFAVORABLE
MARKET MAGMA
5
MARKET EVOLUTION IS FAVORABLE TO GLASS
WELLNESS POSITIVE Glass is all natural and inert ndash it will not contaminate the product content and is the only package ldquogenerally recognized as saferdquo by the US Food and Drug Administration
PREMIUM amp DIFFERENTIATEDThe appearance of a glass container alone can identify and define a brand transform the ordinary into the extraordinary and build a consumer connection unlike any other substrate
EARTH-FRIENDLYGlass is all natural reusable 100 infinitely recyclable Glass is NEVER TRASH and is safe for the Earth and our oceans
6
GLASS IS AN ATTRACTIVE MARKET
16
35
21 20
04
26
20 20
13
32
00
05
10
15
20
25
30
35
40
45
GLOBE LATINAMERICA
EUROPE NORTHAMERICA
ASIA PACIFIC
PROJECTED PACKAGING GROWTH (2022-2024)
GLASS VOLUME GROWTH ALL PACKAGING VOLUME GROWTH
Source EuromonitorSource Euromonitor ndash Glass Packaging Consumption in Units (Beverages = total premise Food and hot drinks = retailoff-premise)Base 2021F 3YR CAGR 2022F-2024F Includes 54 countries
NORTH AMERICAN PACKAGING LANES
While flat during the austerity era glass is expected to grow 16 CAGR as trends accelerate
HIGH GLASS AFFINITY CATEGORIES13 of beverage consumptionSpirits wine premium beer RTD coffee etc
MEDIUM GLASS AFFINITY CATEGORIES51 of beverage consumptionSoft drinks mainstream beer RTD Teas FMBrsquos etc
LOW GLASS AFFINITY CATEGORIES36 of beverage consumptionBottled water energy drinks sports drinks etc
Packaging substrates play in different lanesGlass is highly focused on premium and certain mainstream categories
Plastics and Aluminum are highly focused on value and other mainstream categoriesO-Irsquos CORE MARKETS
FMB = Flavored Malt Beverage6
~ 77 of glass demand
~ 22 of glass demand
~ 1 of glass demand
7
SUBSTANTIAL PROGRESS TRANSFORMING O-I
1 SIMPLE AGILE EFFECTIVE amp ADAPTABLE ORGANIZATION INTEGRATED BUSINESS PLANNING ALIGNED WITH STRATEGY
WITH PREMIUM TECHNOLOGYInvesting up to $680M to expand 700KT2 (5 ndash 6) capacity
bull $100M on previously announced Heritage brownfield in Andean
bull $580M in 4 markets with up to 11 MAGMA lines
bull Deployment 2022-2024
20 average IRR
US Spirits(up to 3 MAGMA lines)
BRAZIL Beer NAB Spirits(up to 3 MAGMA Lines)
UK Spirits(up to 2 MAGMA Lines)
CAN Premium Beer(1 Line Extension)
MAGMA Greenfield Expansion
Heritage Brownfield Expansion
Line Extension
COLOMBIA Beer NAB(1 Heritage furnace)
PERU Beer NAB(up to 3 MAGMA Lines)
1 Gross of divestitures and net of capacity realignment2 Approximately 600-650KT net expansion considering capacity realignment
10
CAPITAL REDEPLOYMENT TO FUND GROWTH
$15B portfolio optimization program to fund MAGMA expansion and improve ROIC
1500
810690
$0
$200
$400
$600
$800
$1000
$1200
$1400
$1600
$1800
Proceeds fromDivestiture
Investment in Expansion Available for DebtReduction
($M
)
PORTFOLIO OPTIMIZATION PROGRAM (2019-2024)
gt 15 IRR ~ 07x lower Leverage Ratio
Current Status
REINVEST IN PROFITABLE GROWTH
IMPROVE CAPITAL
STRUCTURE
OPTIMIZE BUSINESS
PORTFOLIO
REALIGN THE
BUSINESS
O-I HAS DEPRIORITIZED INORGANIC GROWTH GIVEN GROWING COMMERCIAL PIPELINE AND MAGMArsquoS UNIQUE CAPABILITIES
1 Volume Growth Targets are gross of divestitures and net of capacity realignment2 aEPS excludes certain items management considers not representative of ongoing operations3 FCF represents Cash Flow from Operations less Capital Expenditures excluding any impact from potential funding of Paddock 524(g) trust4 Leverage ratio as defined by the companyrsquos Bank Credit Agreement (BCA) 2021 excludes any impact of potential funding of Paddock 524(g)5 aFCF reflects Cash Flow from Operations less Maintenance Capex and excludes expected one-time cash funding of Paddock 524(g) trust
2021Outlook as of November 30 2021
bull Volume1 up 4+ in FY21o 4Q21QTD up ~2 vs ~ flat guidance
bull aEPS2 $177-$182 in FY21o $030-$035 in 4Q21 102221 FXo Omicron undetermined
bull FCF3 ge $260M in FY21
bull Leverage4 ldquohigh 3rsquosrdquo at FYE21
2022Prelim Thoughts as of October 26 2021
bull Volume1 up 0-1o Limited risk that system wide inflation
will slow down demand due to stable food and beverage market channel shift resilience focus on premium categories and glass capacity constraints in many markets
bull Highly confident 2022 net price will recover unfav 2021 spread
bull $50M benefit from initiatives
bull Cap Ex $650M-$700Mo Elevated CapEx funded by proceeds
from Portfolio Optimization program
2024Targets from September 28 2021 I-Day
bull Volume1 1-2 CAGR 2022-2024
bull aEPS2 $220-$240 in 2024o Strong earnings momentum from
expansion programs heading into 2025
bull aFCF5 $400M-$450M in 2024
bull Leverage4 ~ 35x by end of 2024
BUSINESS OUTLOOK
11
12
O-I SUSTAINABILITY GOALS
Increase recycled content to 50 average by 2030 O-I is taking a tailored approach to increase recycled content rates across its enterprise network as rates vary significantly by geography
Approved SBTi target to reduce GHG emissions 25 by 2030 (interim target of 10 by 2025)
As part of our journey toward zero injuries we are committed to a 50 improvement of our Total Recordable Incident Rate (TRIR) by 2030
Reduce the amount of natural resource used and reduce the generation of waste by reuse and recycling as we drive towards a Zero Waste organization
Renewable energy is a pillar in our strategy to lower carbon emissions Our goal is to reach 40 renewable energy use by 2030 and to reduce total energy consumption by 9
We see tremendous opportunity to positively impact the planet and communities where we operate We will collaborate with customers NGOs suppliers and local leaders to make glass recycling available in 100 of our locations
Achieve sustainability balance together by aligning our supply chain with our 2030 sustainability vision and goals
We are committed to reducing our global water usage 25 by 2030 prioritizing operations in higher risk areas
Reinvent and re-imagine glassmaking ndash where the circularity of glass meets the potential of our MAGMA melting technology low-carbon alternative fuels and light-weighted glass packaging
Create a diverse and inclusive environment where people feel welcomed to create a better future for themselves each other and O-I We are focused on increasing all aspects of diversity across our team
13
CONCLUSION O-I IS AN ATTRACTIVE INVESTMENT
TRANSFORMATIONIMPROVES MARGINS EARNINGS amp ROIC
RESOLUTION OF LEGACY LIABILITIES
REDUCES RISK amp IMPROVES CASH
FLOW CONVERSION
MAGMAWILL UNLOCK SIGNIFICANT
GROWTH
OPPORTUNITY FOR HIGHER VALUATION
THROUGH SOLID EXECUTION AND
PROFITABLE GROWTH
MARKET INNOVATION amp
ESG LEADER IN THE ATTRACTIVE
GLASS SEGMENT
APPENDIX
15
PADDOCK CHAPTER 11 ndash PROGRESS AND UPDATE1
COMPLETEDCURRENTbull Phase 1 Paddock files for bankruptcy protection in Delaware and obtains initial reliefbull Phase II Paddock informally negotiates with the Asbestos Claimantsrsquo Committee and Future Claimants Representative
fiduciaries for current and future asbestos claimantsbull Phase III Paddock enters formal court-ordered mediation with Asbestos Claimantsrsquo Committee and Future Claimants
Representativebull Phase IV Paddock accepts a mediatorrsquos proposal which results in an agreement-in-principle of the material terms of a
plan of reorganization for Paddock containing a channeling injunction protecting Paddock O-I Glass and affiliatesbull Phase V Paddock Asbestos Claimantsrsquo Committee and Future Claimants Representative negotiate and finalize definitive
documents comprising Plan of Reorganization Disclosure Statement exhibits and Voting-related documents
REMAININGbull Phase VI Paddock files Plan of Reorganization Disclosure Statement and Voting-related documents with Bankruptcy
Court which then approves disclosure and voting materials and sets voting deadlinebull Phase VII Paddock solicits votes from asbestos claimants and obtains at least 75 approval of asbestos claimants who
actually votebull Phase VIII Bankruptcy Court confirms the Plan District Court affirms the Confirmation Order and Paddock emerges
from bankruptcy and funds the Asbestos Trust
1 Although the above description represents what has occurred and what O-I Glass currently anticipates is likely to occur in Paddockrsquos chapter 11 case O-I Glass makes no representation or guarantee that Paddockrsquos actual plan process will not deviate from or contain steps in addition to the steps set forth above
Current Status
16
SEGMENT FX IMPACT ON EARNINGS
APPROXIMATE ANNUAL IMPACT ON FX RATES AT KEY POINTSEPS FROM 10 FX CHANGE Oct 22 AVG AVG AVG AVG
The company uses certain non-GAAP financial measures which are measures of its historical or future financial performance that are not calculated and presented in accordance with GAAP within the meaning of applicable SEC rules Management believes that its presentation and use of certain non-GAAP financial measures including adjusted earnings adjusted earnings per share adjusted free cash flow free cash flow net debt and credit agreement EBITDA provide relevant and useful supplemental financial information that is widely used by analysts and investors as well as by management in assessing both consolidated and business unit performance These non-GAAP measures should be considered supplemental in nature and should not be considered in isolation or be construed as being more important than comparable GAAP measures
Adjusted earnings relates to net earnings from continuing operations attributable to the company exclusive of items management considers not representative of ongoing operations because such items are not reflective of the companyrsquos principal business activity which is glass container production Adjusted earnings are divided by weighted average shares outstanding (diluted) to derive adjusted earnings per share Management uses adjusted earnings and adjusted earnings per share to evaluate its period-over-period operating performance because it believes these provide useful supplemental measures of the results of operations of its principal business activity by excluding items that are not reflective of such operations Adjusted earnings and adjusted earnings per share may be useful to investors in evaluating the underlying operating performance of the companyrsquos business as these measures eliminate items that are not reflective of its principal business activity
Leverage ratio is defined as net debt divided by credit agreement EBITDA (as defined in the Companyrsquos bank credit agreement) Net debt is defined as total debt less cash Management uses net debt to analyze the liquidity of the company Further free cash flow relates to cash provided by continuing operating activities less cash payments for property plant and equipment Management has historically used free cash flow to evaluate its period-over-period cash generation performance because it believes this has provided a useful supplemental measure related to its principal business activity Adjusted free cash flow relates to cash provided by operating activities less cash payments for property plant and equipment that are related to maintenance activities and exclude the expected one-tine cash payment of the Paddock 524(g) trust Management uses non-GAAP information principally for internal reporting forecasting budgeting and calculating compensation payments
The Company routinely posts important information on its website at o-icominvestors
NON-GAAP FINANCIAL MEASURES
18
ADDITIONAL RECONCILIATIONS
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures free cash flow and adjusted free cash flow for all periods after December 31 2021 to its most directly comparable US GAAP financial measure Cash provided by operating activities without unreasonable effort This is due to potentially high variability complexity and low visibility in the relevant future periods of components of cash provided by operating activities and cash spent on property plant and equipment as well as items that would be excluded from cash provided by operating activities The variability of these excluded items and other components of cash provided by operating activities may have a significant and potentially unpredictable impact on the Companys future financial results
Unaudited Forecasted Year EndedDecember 31 2021
Cash provided by operating activities 660$ Cash payments for maintenance-related property plant and equipment 310 Adjusted Free Cash Flow (non-GAAP) 350$
Cash payments for strategic-related property plant and equipment 90Free Cash Flow (non-GAAP) 260$
For the year ending December 31 2021 and all periods after the Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measure net debt divided by Credit Agreement EBITDA to its most directly comparable US GAAP financial measure Net Earnings because management can not reliably predict all of the necessary components of this US GAAP financial measure without unreasonable efforts Net Earnings includes several significant items such as restructuring asset impairment and other charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar non-GAAP adjustments are inherently unpredictable as to if and when they may occur The inability to provide a reconciliation is due to that unpredictability and the related difficulties in assessing the potential financial impact of the non-GAAP adjustments For the same reasons the Company is unable to address the probable significance of the unavailable information which could be material to the Companyrsquos future financial results
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures adjusted earnings and adjusted earnings per share for the year ending December 31 2021 and all periods after to its most directly comparable GAAP financial measure earnings from operations attributable to the Company because management cannot reliably predict all of the necessary components of the GAAP financial measures without unreasonable efforts Earnings from operations attributable to the Company includes several significant items such as restructuring charges asset impairment charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar items are complex and inherently unpredictable and the amount recognized for each item can vary significantly Accordingly the Company is unable to provide a reconciliation of adjusted earnings and adjusted earnings per share to earnings from operations attributable to the Company or address the probable significance of the unavailable information which could be material to the Companys future financial results
Improved sustainabilitySatisfied customersEngaged employeesLeader in innovation
O-I SRATEGY TO ENHANCE STAKEHOLDER VALUE
ENHANCEVALUETRANSFORMATIONFAVORABLE
MARKET MAGMA
5
MARKET EVOLUTION IS FAVORABLE TO GLASS
WELLNESS POSITIVE Glass is all natural and inert ndash it will not contaminate the product content and is the only package ldquogenerally recognized as saferdquo by the US Food and Drug Administration
PREMIUM amp DIFFERENTIATEDThe appearance of a glass container alone can identify and define a brand transform the ordinary into the extraordinary and build a consumer connection unlike any other substrate
EARTH-FRIENDLYGlass is all natural reusable 100 infinitely recyclable Glass is NEVER TRASH and is safe for the Earth and our oceans
6
GLASS IS AN ATTRACTIVE MARKET
16
35
21 20
04
26
20 20
13
32
00
05
10
15
20
25
30
35
40
45
GLOBE LATINAMERICA
EUROPE NORTHAMERICA
ASIA PACIFIC
PROJECTED PACKAGING GROWTH (2022-2024)
GLASS VOLUME GROWTH ALL PACKAGING VOLUME GROWTH
Source EuromonitorSource Euromonitor ndash Glass Packaging Consumption in Units (Beverages = total premise Food and hot drinks = retailoff-premise)Base 2021F 3YR CAGR 2022F-2024F Includes 54 countries
NORTH AMERICAN PACKAGING LANES
While flat during the austerity era glass is expected to grow 16 CAGR as trends accelerate
HIGH GLASS AFFINITY CATEGORIES13 of beverage consumptionSpirits wine premium beer RTD coffee etc
MEDIUM GLASS AFFINITY CATEGORIES51 of beverage consumptionSoft drinks mainstream beer RTD Teas FMBrsquos etc
LOW GLASS AFFINITY CATEGORIES36 of beverage consumptionBottled water energy drinks sports drinks etc
Packaging substrates play in different lanesGlass is highly focused on premium and certain mainstream categories
Plastics and Aluminum are highly focused on value and other mainstream categoriesO-Irsquos CORE MARKETS
FMB = Flavored Malt Beverage6
~ 77 of glass demand
~ 22 of glass demand
~ 1 of glass demand
7
SUBSTANTIAL PROGRESS TRANSFORMING O-I
1 SIMPLE AGILE EFFECTIVE amp ADAPTABLE ORGANIZATION INTEGRATED BUSINESS PLANNING ALIGNED WITH STRATEGY
WITH PREMIUM TECHNOLOGYInvesting up to $680M to expand 700KT2 (5 ndash 6) capacity
bull $100M on previously announced Heritage brownfield in Andean
bull $580M in 4 markets with up to 11 MAGMA lines
bull Deployment 2022-2024
20 average IRR
US Spirits(up to 3 MAGMA lines)
BRAZIL Beer NAB Spirits(up to 3 MAGMA Lines)
UK Spirits(up to 2 MAGMA Lines)
CAN Premium Beer(1 Line Extension)
MAGMA Greenfield Expansion
Heritage Brownfield Expansion
Line Extension
COLOMBIA Beer NAB(1 Heritage furnace)
PERU Beer NAB(up to 3 MAGMA Lines)
1 Gross of divestitures and net of capacity realignment2 Approximately 600-650KT net expansion considering capacity realignment
10
CAPITAL REDEPLOYMENT TO FUND GROWTH
$15B portfolio optimization program to fund MAGMA expansion and improve ROIC
1500
810690
$0
$200
$400
$600
$800
$1000
$1200
$1400
$1600
$1800
Proceeds fromDivestiture
Investment in Expansion Available for DebtReduction
($M
)
PORTFOLIO OPTIMIZATION PROGRAM (2019-2024)
gt 15 IRR ~ 07x lower Leverage Ratio
Current Status
REINVEST IN PROFITABLE GROWTH
IMPROVE CAPITAL
STRUCTURE
OPTIMIZE BUSINESS
PORTFOLIO
REALIGN THE
BUSINESS
O-I HAS DEPRIORITIZED INORGANIC GROWTH GIVEN GROWING COMMERCIAL PIPELINE AND MAGMArsquoS UNIQUE CAPABILITIES
1 Volume Growth Targets are gross of divestitures and net of capacity realignment2 aEPS excludes certain items management considers not representative of ongoing operations3 FCF represents Cash Flow from Operations less Capital Expenditures excluding any impact from potential funding of Paddock 524(g) trust4 Leverage ratio as defined by the companyrsquos Bank Credit Agreement (BCA) 2021 excludes any impact of potential funding of Paddock 524(g)5 aFCF reflects Cash Flow from Operations less Maintenance Capex and excludes expected one-time cash funding of Paddock 524(g) trust
2021Outlook as of November 30 2021
bull Volume1 up 4+ in FY21o 4Q21QTD up ~2 vs ~ flat guidance
bull aEPS2 $177-$182 in FY21o $030-$035 in 4Q21 102221 FXo Omicron undetermined
bull FCF3 ge $260M in FY21
bull Leverage4 ldquohigh 3rsquosrdquo at FYE21
2022Prelim Thoughts as of October 26 2021
bull Volume1 up 0-1o Limited risk that system wide inflation
will slow down demand due to stable food and beverage market channel shift resilience focus on premium categories and glass capacity constraints in many markets
bull Highly confident 2022 net price will recover unfav 2021 spread
bull $50M benefit from initiatives
bull Cap Ex $650M-$700Mo Elevated CapEx funded by proceeds
from Portfolio Optimization program
2024Targets from September 28 2021 I-Day
bull Volume1 1-2 CAGR 2022-2024
bull aEPS2 $220-$240 in 2024o Strong earnings momentum from
expansion programs heading into 2025
bull aFCF5 $400M-$450M in 2024
bull Leverage4 ~ 35x by end of 2024
BUSINESS OUTLOOK
11
12
O-I SUSTAINABILITY GOALS
Increase recycled content to 50 average by 2030 O-I is taking a tailored approach to increase recycled content rates across its enterprise network as rates vary significantly by geography
Approved SBTi target to reduce GHG emissions 25 by 2030 (interim target of 10 by 2025)
As part of our journey toward zero injuries we are committed to a 50 improvement of our Total Recordable Incident Rate (TRIR) by 2030
Reduce the amount of natural resource used and reduce the generation of waste by reuse and recycling as we drive towards a Zero Waste organization
Renewable energy is a pillar in our strategy to lower carbon emissions Our goal is to reach 40 renewable energy use by 2030 and to reduce total energy consumption by 9
We see tremendous opportunity to positively impact the planet and communities where we operate We will collaborate with customers NGOs suppliers and local leaders to make glass recycling available in 100 of our locations
Achieve sustainability balance together by aligning our supply chain with our 2030 sustainability vision and goals
We are committed to reducing our global water usage 25 by 2030 prioritizing operations in higher risk areas
Reinvent and re-imagine glassmaking ndash where the circularity of glass meets the potential of our MAGMA melting technology low-carbon alternative fuels and light-weighted glass packaging
Create a diverse and inclusive environment where people feel welcomed to create a better future for themselves each other and O-I We are focused on increasing all aspects of diversity across our team
13
CONCLUSION O-I IS AN ATTRACTIVE INVESTMENT
TRANSFORMATIONIMPROVES MARGINS EARNINGS amp ROIC
RESOLUTION OF LEGACY LIABILITIES
REDUCES RISK amp IMPROVES CASH
FLOW CONVERSION
MAGMAWILL UNLOCK SIGNIFICANT
GROWTH
OPPORTUNITY FOR HIGHER VALUATION
THROUGH SOLID EXECUTION AND
PROFITABLE GROWTH
MARKET INNOVATION amp
ESG LEADER IN THE ATTRACTIVE
GLASS SEGMENT
APPENDIX
15
PADDOCK CHAPTER 11 ndash PROGRESS AND UPDATE1
COMPLETEDCURRENTbull Phase 1 Paddock files for bankruptcy protection in Delaware and obtains initial reliefbull Phase II Paddock informally negotiates with the Asbestos Claimantsrsquo Committee and Future Claimants Representative
fiduciaries for current and future asbestos claimantsbull Phase III Paddock enters formal court-ordered mediation with Asbestos Claimantsrsquo Committee and Future Claimants
Representativebull Phase IV Paddock accepts a mediatorrsquos proposal which results in an agreement-in-principle of the material terms of a
plan of reorganization for Paddock containing a channeling injunction protecting Paddock O-I Glass and affiliatesbull Phase V Paddock Asbestos Claimantsrsquo Committee and Future Claimants Representative negotiate and finalize definitive
documents comprising Plan of Reorganization Disclosure Statement exhibits and Voting-related documents
REMAININGbull Phase VI Paddock files Plan of Reorganization Disclosure Statement and Voting-related documents with Bankruptcy
Court which then approves disclosure and voting materials and sets voting deadlinebull Phase VII Paddock solicits votes from asbestos claimants and obtains at least 75 approval of asbestos claimants who
actually votebull Phase VIII Bankruptcy Court confirms the Plan District Court affirms the Confirmation Order and Paddock emerges
from bankruptcy and funds the Asbestos Trust
1 Although the above description represents what has occurred and what O-I Glass currently anticipates is likely to occur in Paddockrsquos chapter 11 case O-I Glass makes no representation or guarantee that Paddockrsquos actual plan process will not deviate from or contain steps in addition to the steps set forth above
Current Status
16
SEGMENT FX IMPACT ON EARNINGS
APPROXIMATE ANNUAL IMPACT ON FX RATES AT KEY POINTSEPS FROM 10 FX CHANGE Oct 22 AVG AVG AVG AVG
The company uses certain non-GAAP financial measures which are measures of its historical or future financial performance that are not calculated and presented in accordance with GAAP within the meaning of applicable SEC rules Management believes that its presentation and use of certain non-GAAP financial measures including adjusted earnings adjusted earnings per share adjusted free cash flow free cash flow net debt and credit agreement EBITDA provide relevant and useful supplemental financial information that is widely used by analysts and investors as well as by management in assessing both consolidated and business unit performance These non-GAAP measures should be considered supplemental in nature and should not be considered in isolation or be construed as being more important than comparable GAAP measures
Adjusted earnings relates to net earnings from continuing operations attributable to the company exclusive of items management considers not representative of ongoing operations because such items are not reflective of the companyrsquos principal business activity which is glass container production Adjusted earnings are divided by weighted average shares outstanding (diluted) to derive adjusted earnings per share Management uses adjusted earnings and adjusted earnings per share to evaluate its period-over-period operating performance because it believes these provide useful supplemental measures of the results of operations of its principal business activity by excluding items that are not reflective of such operations Adjusted earnings and adjusted earnings per share may be useful to investors in evaluating the underlying operating performance of the companyrsquos business as these measures eliminate items that are not reflective of its principal business activity
Leverage ratio is defined as net debt divided by credit agreement EBITDA (as defined in the Companyrsquos bank credit agreement) Net debt is defined as total debt less cash Management uses net debt to analyze the liquidity of the company Further free cash flow relates to cash provided by continuing operating activities less cash payments for property plant and equipment Management has historically used free cash flow to evaluate its period-over-period cash generation performance because it believes this has provided a useful supplemental measure related to its principal business activity Adjusted free cash flow relates to cash provided by operating activities less cash payments for property plant and equipment that are related to maintenance activities and exclude the expected one-tine cash payment of the Paddock 524(g) trust Management uses non-GAAP information principally for internal reporting forecasting budgeting and calculating compensation payments
The Company routinely posts important information on its website at o-icominvestors
NON-GAAP FINANCIAL MEASURES
18
ADDITIONAL RECONCILIATIONS
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures free cash flow and adjusted free cash flow for all periods after December 31 2021 to its most directly comparable US GAAP financial measure Cash provided by operating activities without unreasonable effort This is due to potentially high variability complexity and low visibility in the relevant future periods of components of cash provided by operating activities and cash spent on property plant and equipment as well as items that would be excluded from cash provided by operating activities The variability of these excluded items and other components of cash provided by operating activities may have a significant and potentially unpredictable impact on the Companys future financial results
Unaudited Forecasted Year EndedDecember 31 2021
Cash provided by operating activities 660$ Cash payments for maintenance-related property plant and equipment 310 Adjusted Free Cash Flow (non-GAAP) 350$
Cash payments for strategic-related property plant and equipment 90Free Cash Flow (non-GAAP) 260$
For the year ending December 31 2021 and all periods after the Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measure net debt divided by Credit Agreement EBITDA to its most directly comparable US GAAP financial measure Net Earnings because management can not reliably predict all of the necessary components of this US GAAP financial measure without unreasonable efforts Net Earnings includes several significant items such as restructuring asset impairment and other charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar non-GAAP adjustments are inherently unpredictable as to if and when they may occur The inability to provide a reconciliation is due to that unpredictability and the related difficulties in assessing the potential financial impact of the non-GAAP adjustments For the same reasons the Company is unable to address the probable significance of the unavailable information which could be material to the Companyrsquos future financial results
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures adjusted earnings and adjusted earnings per share for the year ending December 31 2021 and all periods after to its most directly comparable GAAP financial measure earnings from operations attributable to the Company because management cannot reliably predict all of the necessary components of the GAAP financial measures without unreasonable efforts Earnings from operations attributable to the Company includes several significant items such as restructuring charges asset impairment charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar items are complex and inherently unpredictable and the amount recognized for each item can vary significantly Accordingly the Company is unable to provide a reconciliation of adjusted earnings and adjusted earnings per share to earnings from operations attributable to the Company or address the probable significance of the unavailable information which could be material to the Companys future financial results
Improved sustainabilitySatisfied customersEngaged employeesLeader in innovation
O-I SRATEGY TO ENHANCE STAKEHOLDER VALUE
ENHANCEVALUETRANSFORMATIONFAVORABLE
MARKET MAGMA
5
MARKET EVOLUTION IS FAVORABLE TO GLASS
WELLNESS POSITIVE Glass is all natural and inert ndash it will not contaminate the product content and is the only package ldquogenerally recognized as saferdquo by the US Food and Drug Administration
PREMIUM amp DIFFERENTIATEDThe appearance of a glass container alone can identify and define a brand transform the ordinary into the extraordinary and build a consumer connection unlike any other substrate
EARTH-FRIENDLYGlass is all natural reusable 100 infinitely recyclable Glass is NEVER TRASH and is safe for the Earth and our oceans
6
GLASS IS AN ATTRACTIVE MARKET
16
35
21 20
04
26
20 20
13
32
00
05
10
15
20
25
30
35
40
45
GLOBE LATINAMERICA
EUROPE NORTHAMERICA
ASIA PACIFIC
PROJECTED PACKAGING GROWTH (2022-2024)
GLASS VOLUME GROWTH ALL PACKAGING VOLUME GROWTH
Source EuromonitorSource Euromonitor ndash Glass Packaging Consumption in Units (Beverages = total premise Food and hot drinks = retailoff-premise)Base 2021F 3YR CAGR 2022F-2024F Includes 54 countries
NORTH AMERICAN PACKAGING LANES
While flat during the austerity era glass is expected to grow 16 CAGR as trends accelerate
HIGH GLASS AFFINITY CATEGORIES13 of beverage consumptionSpirits wine premium beer RTD coffee etc
MEDIUM GLASS AFFINITY CATEGORIES51 of beverage consumptionSoft drinks mainstream beer RTD Teas FMBrsquos etc
LOW GLASS AFFINITY CATEGORIES36 of beverage consumptionBottled water energy drinks sports drinks etc
Packaging substrates play in different lanesGlass is highly focused on premium and certain mainstream categories
Plastics and Aluminum are highly focused on value and other mainstream categoriesO-Irsquos CORE MARKETS
FMB = Flavored Malt Beverage6
~ 77 of glass demand
~ 22 of glass demand
~ 1 of glass demand
7
SUBSTANTIAL PROGRESS TRANSFORMING O-I
1 SIMPLE AGILE EFFECTIVE amp ADAPTABLE ORGANIZATION INTEGRATED BUSINESS PLANNING ALIGNED WITH STRATEGY
WITH PREMIUM TECHNOLOGYInvesting up to $680M to expand 700KT2 (5 ndash 6) capacity
bull $100M on previously announced Heritage brownfield in Andean
bull $580M in 4 markets with up to 11 MAGMA lines
bull Deployment 2022-2024
20 average IRR
US Spirits(up to 3 MAGMA lines)
BRAZIL Beer NAB Spirits(up to 3 MAGMA Lines)
UK Spirits(up to 2 MAGMA Lines)
CAN Premium Beer(1 Line Extension)
MAGMA Greenfield Expansion
Heritage Brownfield Expansion
Line Extension
COLOMBIA Beer NAB(1 Heritage furnace)
PERU Beer NAB(up to 3 MAGMA Lines)
1 Gross of divestitures and net of capacity realignment2 Approximately 600-650KT net expansion considering capacity realignment
10
CAPITAL REDEPLOYMENT TO FUND GROWTH
$15B portfolio optimization program to fund MAGMA expansion and improve ROIC
1500
810690
$0
$200
$400
$600
$800
$1000
$1200
$1400
$1600
$1800
Proceeds fromDivestiture
Investment in Expansion Available for DebtReduction
($M
)
PORTFOLIO OPTIMIZATION PROGRAM (2019-2024)
gt 15 IRR ~ 07x lower Leverage Ratio
Current Status
REINVEST IN PROFITABLE GROWTH
IMPROVE CAPITAL
STRUCTURE
OPTIMIZE BUSINESS
PORTFOLIO
REALIGN THE
BUSINESS
O-I HAS DEPRIORITIZED INORGANIC GROWTH GIVEN GROWING COMMERCIAL PIPELINE AND MAGMArsquoS UNIQUE CAPABILITIES
1 Volume Growth Targets are gross of divestitures and net of capacity realignment2 aEPS excludes certain items management considers not representative of ongoing operations3 FCF represents Cash Flow from Operations less Capital Expenditures excluding any impact from potential funding of Paddock 524(g) trust4 Leverage ratio as defined by the companyrsquos Bank Credit Agreement (BCA) 2021 excludes any impact of potential funding of Paddock 524(g)5 aFCF reflects Cash Flow from Operations less Maintenance Capex and excludes expected one-time cash funding of Paddock 524(g) trust
2021Outlook as of November 30 2021
bull Volume1 up 4+ in FY21o 4Q21QTD up ~2 vs ~ flat guidance
bull aEPS2 $177-$182 in FY21o $030-$035 in 4Q21 102221 FXo Omicron undetermined
bull FCF3 ge $260M in FY21
bull Leverage4 ldquohigh 3rsquosrdquo at FYE21
2022Prelim Thoughts as of October 26 2021
bull Volume1 up 0-1o Limited risk that system wide inflation
will slow down demand due to stable food and beverage market channel shift resilience focus on premium categories and glass capacity constraints in many markets
bull Highly confident 2022 net price will recover unfav 2021 spread
bull $50M benefit from initiatives
bull Cap Ex $650M-$700Mo Elevated CapEx funded by proceeds
from Portfolio Optimization program
2024Targets from September 28 2021 I-Day
bull Volume1 1-2 CAGR 2022-2024
bull aEPS2 $220-$240 in 2024o Strong earnings momentum from
expansion programs heading into 2025
bull aFCF5 $400M-$450M in 2024
bull Leverage4 ~ 35x by end of 2024
BUSINESS OUTLOOK
11
12
O-I SUSTAINABILITY GOALS
Increase recycled content to 50 average by 2030 O-I is taking a tailored approach to increase recycled content rates across its enterprise network as rates vary significantly by geography
Approved SBTi target to reduce GHG emissions 25 by 2030 (interim target of 10 by 2025)
As part of our journey toward zero injuries we are committed to a 50 improvement of our Total Recordable Incident Rate (TRIR) by 2030
Reduce the amount of natural resource used and reduce the generation of waste by reuse and recycling as we drive towards a Zero Waste organization
Renewable energy is a pillar in our strategy to lower carbon emissions Our goal is to reach 40 renewable energy use by 2030 and to reduce total energy consumption by 9
We see tremendous opportunity to positively impact the planet and communities where we operate We will collaborate with customers NGOs suppliers and local leaders to make glass recycling available in 100 of our locations
Achieve sustainability balance together by aligning our supply chain with our 2030 sustainability vision and goals
We are committed to reducing our global water usage 25 by 2030 prioritizing operations in higher risk areas
Reinvent and re-imagine glassmaking ndash where the circularity of glass meets the potential of our MAGMA melting technology low-carbon alternative fuels and light-weighted glass packaging
Create a diverse and inclusive environment where people feel welcomed to create a better future for themselves each other and O-I We are focused on increasing all aspects of diversity across our team
13
CONCLUSION O-I IS AN ATTRACTIVE INVESTMENT
TRANSFORMATIONIMPROVES MARGINS EARNINGS amp ROIC
RESOLUTION OF LEGACY LIABILITIES
REDUCES RISK amp IMPROVES CASH
FLOW CONVERSION
MAGMAWILL UNLOCK SIGNIFICANT
GROWTH
OPPORTUNITY FOR HIGHER VALUATION
THROUGH SOLID EXECUTION AND
PROFITABLE GROWTH
MARKET INNOVATION amp
ESG LEADER IN THE ATTRACTIVE
GLASS SEGMENT
APPENDIX
15
PADDOCK CHAPTER 11 ndash PROGRESS AND UPDATE1
COMPLETEDCURRENTbull Phase 1 Paddock files for bankruptcy protection in Delaware and obtains initial reliefbull Phase II Paddock informally negotiates with the Asbestos Claimantsrsquo Committee and Future Claimants Representative
fiduciaries for current and future asbestos claimantsbull Phase III Paddock enters formal court-ordered mediation with Asbestos Claimantsrsquo Committee and Future Claimants
Representativebull Phase IV Paddock accepts a mediatorrsquos proposal which results in an agreement-in-principle of the material terms of a
plan of reorganization for Paddock containing a channeling injunction protecting Paddock O-I Glass and affiliatesbull Phase V Paddock Asbestos Claimantsrsquo Committee and Future Claimants Representative negotiate and finalize definitive
documents comprising Plan of Reorganization Disclosure Statement exhibits and Voting-related documents
REMAININGbull Phase VI Paddock files Plan of Reorganization Disclosure Statement and Voting-related documents with Bankruptcy
Court which then approves disclosure and voting materials and sets voting deadlinebull Phase VII Paddock solicits votes from asbestos claimants and obtains at least 75 approval of asbestos claimants who
actually votebull Phase VIII Bankruptcy Court confirms the Plan District Court affirms the Confirmation Order and Paddock emerges
from bankruptcy and funds the Asbestos Trust
1 Although the above description represents what has occurred and what O-I Glass currently anticipates is likely to occur in Paddockrsquos chapter 11 case O-I Glass makes no representation or guarantee that Paddockrsquos actual plan process will not deviate from or contain steps in addition to the steps set forth above
Current Status
16
SEGMENT FX IMPACT ON EARNINGS
APPROXIMATE ANNUAL IMPACT ON FX RATES AT KEY POINTSEPS FROM 10 FX CHANGE Oct 22 AVG AVG AVG AVG
The company uses certain non-GAAP financial measures which are measures of its historical or future financial performance that are not calculated and presented in accordance with GAAP within the meaning of applicable SEC rules Management believes that its presentation and use of certain non-GAAP financial measures including adjusted earnings adjusted earnings per share adjusted free cash flow free cash flow net debt and credit agreement EBITDA provide relevant and useful supplemental financial information that is widely used by analysts and investors as well as by management in assessing both consolidated and business unit performance These non-GAAP measures should be considered supplemental in nature and should not be considered in isolation or be construed as being more important than comparable GAAP measures
Adjusted earnings relates to net earnings from continuing operations attributable to the company exclusive of items management considers not representative of ongoing operations because such items are not reflective of the companyrsquos principal business activity which is glass container production Adjusted earnings are divided by weighted average shares outstanding (diluted) to derive adjusted earnings per share Management uses adjusted earnings and adjusted earnings per share to evaluate its period-over-period operating performance because it believes these provide useful supplemental measures of the results of operations of its principal business activity by excluding items that are not reflective of such operations Adjusted earnings and adjusted earnings per share may be useful to investors in evaluating the underlying operating performance of the companyrsquos business as these measures eliminate items that are not reflective of its principal business activity
Leverage ratio is defined as net debt divided by credit agreement EBITDA (as defined in the Companyrsquos bank credit agreement) Net debt is defined as total debt less cash Management uses net debt to analyze the liquidity of the company Further free cash flow relates to cash provided by continuing operating activities less cash payments for property plant and equipment Management has historically used free cash flow to evaluate its period-over-period cash generation performance because it believes this has provided a useful supplemental measure related to its principal business activity Adjusted free cash flow relates to cash provided by operating activities less cash payments for property plant and equipment that are related to maintenance activities and exclude the expected one-tine cash payment of the Paddock 524(g) trust Management uses non-GAAP information principally for internal reporting forecasting budgeting and calculating compensation payments
The Company routinely posts important information on its website at o-icominvestors
NON-GAAP FINANCIAL MEASURES
18
ADDITIONAL RECONCILIATIONS
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures free cash flow and adjusted free cash flow for all periods after December 31 2021 to its most directly comparable US GAAP financial measure Cash provided by operating activities without unreasonable effort This is due to potentially high variability complexity and low visibility in the relevant future periods of components of cash provided by operating activities and cash spent on property plant and equipment as well as items that would be excluded from cash provided by operating activities The variability of these excluded items and other components of cash provided by operating activities may have a significant and potentially unpredictable impact on the Companys future financial results
Unaudited Forecasted Year EndedDecember 31 2021
Cash provided by operating activities 660$ Cash payments for maintenance-related property plant and equipment 310 Adjusted Free Cash Flow (non-GAAP) 350$
Cash payments for strategic-related property plant and equipment 90Free Cash Flow (non-GAAP) 260$
For the year ending December 31 2021 and all periods after the Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measure net debt divided by Credit Agreement EBITDA to its most directly comparable US GAAP financial measure Net Earnings because management can not reliably predict all of the necessary components of this US GAAP financial measure without unreasonable efforts Net Earnings includes several significant items such as restructuring asset impairment and other charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar non-GAAP adjustments are inherently unpredictable as to if and when they may occur The inability to provide a reconciliation is due to that unpredictability and the related difficulties in assessing the potential financial impact of the non-GAAP adjustments For the same reasons the Company is unable to address the probable significance of the unavailable information which could be material to the Companyrsquos future financial results
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures adjusted earnings and adjusted earnings per share for the year ending December 31 2021 and all periods after to its most directly comparable GAAP financial measure earnings from operations attributable to the Company because management cannot reliably predict all of the necessary components of the GAAP financial measures without unreasonable efforts Earnings from operations attributable to the Company includes several significant items such as restructuring charges asset impairment charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar items are complex and inherently unpredictable and the amount recognized for each item can vary significantly Accordingly the Company is unable to provide a reconciliation of adjusted earnings and adjusted earnings per share to earnings from operations attributable to the Company or address the probable significance of the unavailable information which could be material to the Companys future financial results
I adjusted it to compare vs the Budget to estimate a full year variance in FX on 10
APPROXIMATE ANNUAL IMPACT ON
FX RATES AT KEY POINTS
EPS FROM 10 FX CHANGE
Oct 22
AVG
AVG
AVG
AVG
Sept 30
Sept YTD
Sept YTD
2021
3Q21
3Q20
4Q20
2020
2021
2021
2020
EUR
013
EUR
116
118
118
120
115
116
119
113
MXN
004
MXN
2018
2016
2208
2044
2156
2049
2024
2193
BRL
004
BRL
565
523
539
543
521
541
533
514
COP
002
COP
3773
3829
3785
3626
3715
3835
3730
3744
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
January
February
March
April
May
June
July
August
September
October
November
December
YearTotal
Total Mexico
EBIT
Total Custom 1
USD
2021
Budget
Final
10513
3985
8336
9202
12424
9781
9780
9981
8688
4147
4494
5400
96730
Total Mexico
EBIT
Total Custom 1
Local
2021
Budget
Final
209058
79242
165770
183006
247073
194521
194487
198483
172776
82460
89369
107393
1923639
Total Mexico
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexico
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexico
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
3416
2628
3843
1624
1269
1201
2040
1404
2198
1447
1101
511
22681
Total Mexico
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
67924
52256
76416
32305
25242
23883
40566
27919
43703
28780
21899
10157
451049
Total Mexico
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
1841
1758
2059
1774
1932
1769
1927
2007
1935
1859
1750
1537
22149
Total Mexico
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
36621
34964
40944
35277
38424
35182
38317
39916
38488
36971
34795
30575
440473
Total Mexico
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
550
524
617
529
578
528
576
601
579
555
522
457
6617
Total Mexico
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
10939
10429
12269
10526
11494
10496
11461
11953
11514
11047
10377
9079
131585
Mexico MR Adjustments (MXN)
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
EBIT
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
12467
5830
10574
11069
14497
11641
11846
12152
10765
6124
6328
6957
120251
Mexico Mgmt Reporting
EBIT
Total Custom 1
Local
2021
Budget
Final
211013
81088
168009
184872
249146
196381
196553
200654
174853
84438
91203
108950
1947159
Mexico Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
3416
2628
3843
1624
1269
1201
2040
1404
2198
1447
1101
511
22681
Mexico Mgmt Reporting
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
67924
52256
76416
32305
25242
23883
40566
27919
43703
28780
21899
10157
451049
Mexico Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
34780
33206
38885
33503
36492
33413
36390
37908
36553
35112
33045
29038
418324
Mexico Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
10389
9905
11652
9997
10916
9969
10885
11352
10935
10491
9856
8622
124969
Total Mexicousd entities
EBIT
Total Custom 1
USD
2021
Budget
Final
1954
1845
2239
1866
2073
1860
2066
2171
2077
1977
1834
1557
23520
Total Mexicousd entities
EBIT
Total Custom 1
Local
2021
Budget
Final
1954
1845
2239
1866
2073
1860
2066
2171
2077
1977
1834
1557
23520
Total Mexicousd entities
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexicousd entities
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexicousd entities
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexicousd entities
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexicousd entities
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
(1841)
(1758)
(2059)
(1774)
(1932)
(1769)
(1927)
(2007)
(1935)
(1859)
(1750)
(1537)
(22149)
Total Mexicousd entities
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
(1841)
(1758)
(2059)
(1774)
(1932)
(1769)
(1927)
(2007)
(1935)
(1859)
(1750)
(1537)
(22149)
Total Mexicousd entities
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
(550)
(524)
(617)
(529)
(578)
(528)
(576)
(601)
(579)
(555)
(522)
(457)
(6617)
Total Mexicousd entities
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
(550)
(524)
(617)
(529)
(578)
(528)
(576)
(601)
(579)
(555)
(522)
(457)
(6617)
Total Brazil Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
6192
3786
5063
3594
4627
3937
5008
5910
5685
6251
5790
5742
61584
Total Brazil Mgmt Reporting
EBIT
Total Custom 1
Local
2021
Budget
Final
32142
19653
26282
18655
24018
20438
25996
30677
29512
32452
30059
29808
319690
Total Brazil Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
791
741
785
690
707
752
801
847
832
833
863
876
9517
Total Brazil Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
4108
3846
4075
3582
3668
3902
4158
4398
4319
4323
4480
4546
49405
Total Brazil Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Colombia Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
4407
3879
4494
5652
5894
4974
6560
6748
6879
6787
5478
3234
64986
Total Colombia Mgmt Reporting
EBIT
Total Custom 1
Local
2021
Budget
Final
15067387
13263595
15364223
19325104
20152949
17004980
22428776
23071622
23520827
23203154
18728071
11055369
222186057
Total Colombia Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Colombia Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Colombia Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
2736
3313
2924
3606
3953
3150
4288
4764
3858
4579
4263
3325
44759
Total Colombia Mgmt Reporting
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
9353229
11327116
9997013
12327312
13514966
10770900
14660926
16288460
13190884
15654758
14575462
11369644
153030671
Total Colombia Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
139
146
151
181
171
177
212
210
215
208
187
140
2136
Total Colombia Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
473829
499117
516517
619386
585125
604100
724460
717547
734407
711396
638632
479611
7304129
Total Colombia Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Colombia Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Peru Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
3612
2038
1690
2055
2270
2557
3104
2753
2254
2445
2134
1187
28101
Total Peru Mgmt Reporting
EBIT
Total Custom 1
Local
2021
Budget
Final
13070
7377
6116
7438
8215
9254
11235
9962
8157
8847
7724
4295
101691
Total Peru Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Peru Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Peru Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
3051
2340
2373
2628
3039
2664
3399
2944
3250
2946
3722
1671
34026
Total Peru Mgmt Reporting
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
11040
8470
8587
9511
10998
9641
12299
10653
11760
10661
13468
6046
123135
Total Peru Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
458
360
308
314
342
352
373
382
380
353
344
253
4220
Total Peru Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
1656
1303
1113
1138
1239
1274
1351
1383
1376
1279
1243
916
15271
Total Peru Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
147
107
93
93
101
107
113
118
119
112
109
80
1298
Total Peru Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
531
389
336
336
366
388
410
427
432
404
393
288
4698
Europe Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
30032
18845
33957
28938
37681
31576
43515
30901
23840
24929
23578
15689
343482
Europe Mgmt Reporting
EBIT
Total Custom 1
EUR
2021
Budget
Final
24440
15336
27635
23549
30665
25697
35412
25148
19401
20287
19188
12768
279526
Europe Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Europe Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
EUR
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Europe Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Europe Mgmt Reporting
Sales -3rd Party
Export-3rd Party
EUR
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Europe Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
0
0
0
0
0
0
0
0
0
0
0
0
0
Europe Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
EUR
2021
Budget
Final
0
0
0
0
0
0
0
0
0
0
0
0
0
Europe Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
0
0
0
0
0
0
0
0
0
0
0
0
0
Europe Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
EUR
2021
Budget
Final
0
0
0
0
0
0
0
0
0
0
0
0
0
OI Europe Sarl
Royalties to OI Toledo
Total Custom 1
USD
2021
Budget
Final
7998
7998
7998
7998
7998
7998
7998
7998
7998
7998
7998
7998
95975
OI Europe Sarl
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
2238
2238
2238
2238
2238
2238
2238
2238
2238
2238
2238
2238
26853
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(001910)
Total United Kingdom
EBIT
Total Custom 1
USD
2021
Budget
Final
1629
1383
2256
1858
3068
1263
4092
4062
3364
3273
3499
1776
31524
OI Sales and Distribution UK Ltd
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Poland
EBIT
Total Custom 1
USD
2021
Budget
Final
2045
1051
2603
1724
1789
1622
2327
1989
1292
1275
1204
250
19172
OI Sales and Distribution Poland Sp Zoo
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
OI Jarslow Machine Service Center
EBIT
Total Custom 1
USD
2021
Budget
Final
(56)
47
42
(58)
42
47
(19)
30
(10)
49
41
11
164
OI Poland Business Service Center
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Hungary
EBIT
Total Custom 1
USD
2021
Budget
Final
(407)
103
248
(67)
361
1223
899
471
381
186
253
(176)
3475
OI Sales and Distribution Hungary
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Czech
EBIT
Total Custom 1
USD
2021
Budget
Final
1053
(363)
1042
737
695
1237
1269
1413
(1104)
292
278
253
6801
OI Sales and Distribution Czech
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
European Glass Group Admin
EBIT
Total Custom 1
USD
2021
Budget
Final
7844
7785
7796
7735
7795
7795
7792
7792
7794
7951
7800
7783
93662
Europe MR Adjustments
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
OI Europe Sarl
Total Operating Expenses
Total Controllable Operating Expenses
USD
2021
Budget
Final
4096
4669
4662
4823
4618
4437
3886
4145
3908
3825
3760
3663
50490
Europe Mgmt Reportingusd entities
EBIT
Total Custom 1
USD
2021
Budget
Final
17926
8838
19969
17008
23930
18389
27156
15145
12124
11904
10503
5792
188684
Shares 2020
158671
Tax Rate 2020
3270
EUROPE
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
Base FX EUR
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
New FX EUR
13517
13517
13517
13517
13517
13517
13517
13517
13517
13517
13517
13517
10
10
10
10
10
10
10
10
10
10
10
10
3+9F FX CHF
08820
08820
08820
08820
08820
08820
08820
08820
08820
08820
08820
08820
New FX CHF
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
EBIT As Is
30032
18845
33957
28938
37681
31576
43515
30901
23840
24929
23578
15689
82834
98195
98256
64197
343482
EBIT USD
12107
10007
13988
11930
13751
13188
16359
15756
11717
13025
13075
9897
36102
38868
43832
35998
154799
70
CHF - Salaries amp Benefits
2867
3269
3263
3376
3232
3106
2720
2902
2735
2678
2632
2564
9399
9714
8357
7873
35343
EBIT EUR Denominated
20793
12106
23233
20384
27163
21494
29876
18047
14859
14582
13135
8356
56132
69041
62782
36072
224027
Translation
2079
1211
2323
2038
2716
2149
2988
1805
1486
1458
1313
836
5613
6904
6278
3607
22403
CHF Translation
(261)
(297)
(297)
(307)
(294)
(282)
(247)
(264)
(249)
(243)
(239)
(233)
(854)
(883)
(760)
(716)
(3213)
Sales 3rd Party
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Royalties
800
800
800
800
800
800
800
800
800
800
800
800
2399
2399
2399
2399
9597
Trademarks
224
224
224
224
224
224
224
224
224
224
224
224
671
671
671
671
2685
EPS Impact AMC
001
001
001
001
001
001
002
001
001
001
001
001
003
004
004
003
013
CENTRAL
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
3+9F FX
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
New FX
218753
218753
218753
218753
218753
218753
218753
218753
218753
218753
218753
218753
10
10
10
10
10
10
10
10
10
10
10
10
Local Currency Entities
Non Controllable EBIT As Is
10513
3985
8336
9202
12424
9781
9780
9981
8688
4147
4494
5400
22833
31408
28449
14041
96730
Translation
(956)
(362)
(758)
(837)
(1129)
(889)
(889)
(907)
(790)
(377)
(409)
(491)
(2076)
(2855)
(2586)
(1276)
(8794)
Sales 3rd Party
311
239
349
148
115
109
185
128
200
132
100
46
899
372
513
278
2062
Royalties
(167)
(160)
(187)
(161)
(176)
(161)
(175)
(182)
(176)
(169)
(159)
(140)
(514)
(498)
(534)
(468)
(2014)
Trademarks
(50)
(48)
(56)
(48)
(53)
(48)
(52)
(55)
(53)
(50)
(47)
(42)
(154)
(149)
(160)
(139)
(602)
EPS Impact AMC
(000)
(000)
(000)
(000)
(001)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(001)
(001)
(001)
(001)
(004)
BRAZIL
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
3+9F FX
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
New FX
57102
57102
57102
57102
57102
57102
57102
57102
57102
57102
57102
57102
10
10
10
10
10
10
10
10
10
10
10
10
Local Currency Entities
Non Controllable EBIT As Is
6192
3786
5063
3594
4627
3937
5008
5910
5685
6251
5790
5742
15040
12157
16602
17784
61584
Translation
(563)
(344)
(460)
(327)
(421)
(358)
(455)
(537)
(517)
(568)
(526)
(522)
(1367)
(1105)
(1509)
(1617)
(5599)
Sales 3rd Party
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Royalties
(72)
(67)
(71)
(63)
(64)
(68)
(73)
(77)
(76)
(76)
(78)
(80)
(211)
(195)
(225)
(234)
(865)
Trademarks
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
EPS Impact BRAZIL
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(001)
(001)
(001)
(001)
(003)
COLOMBIA
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
3+9F FX
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
New FX
3761
3761
3761
3761
3761
3761
3761
3761
3761
3761
3761
3761
10
10
10
10
10
10
10
10
10
10
10
10
Local Currency Entities
Non Controllable EBIT As Is
4407
3879
4494
5652
5894
4974
6560
6748
6879
6787
5478
3234
12780
16520
20188
15498
64986
Translation
(401)
(353)
(409)
(514)
(536)
(452)
(596)
(613)
(625)
(617)
(498)
(294)
(1162)
(1502)
(1835)
(1409)
(5908)
Sales 3rd Party
249
301
266
328
359
286
390
433
351
416
388
302
816
974
1174
1106
4069
Royalties
(13)
(13)
(14)
(16)
(16)
(16)
(19)
(19)
(20)
(19)
(17)
(13)
(40)
(48)
(58)
(49)
(194)
Trademarks
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
EPS Impact COLOMBIA
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(001)
PERU
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
3+9F FX
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
New FX
39807
39807
39807
39807
39807
39807
39807
39807
39807
39807
39807
39807
10
10
10
10
10
10
10
10
10
10
10
10
Local Currency Entities
Non Controllable EBIT As Is
3612
2038
1690
2055
2270
2557
3104
2753
2254
2445
2134
1187
7340
6883
8112
5766
28101
Translation
(328)
(185)
(154)
(187)
(206)
(232)
(282)
(250)
(205)
(222)
(194)
(108)
(667)
(626)
(737)
(524)
(2555)
Sales 3rd Party
277
213
216
239
276
242
309
268
295
268
338
152
706
757
872
758
3093
Royalties
(42)
(33)
(28)
(29)
(31)
(32)
(34)
(35)
(35)
(32)
(31)
(23)
(102)
(92)
(103)
(86)
(384)
Trademarks
(13)
(10)
(8)
(8)
(9)
(10)
(10)
(11)
(11)
(10)
(10)
(7)
(32)
(27)
(32)
(27)
(118)
EPS Impact PERU
(000)
(000)
000
000
000
(000)
(000)
(000)
000
000
000
000
(000)
000
(000)
000
000
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End SIMULATION
10
Change
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
SPOT
FROM
TO
Currency
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
RATE
AMERICAS
USD
ARS
USDARS
Argentine Peso
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
USD
BRL
USDBRL
Brazilian Real
571021
571021
571021
571021
571021
571021
571021
571021
571021
571021
571021
571021
571021
USD
COP
USDCOP
Colombian Peso
37609
37609
37609
37609
37609
37609
37609
37609
37609
37609
37609
37609
37609
USD
PEN
USDPEN
Peru New Sol
398068
398068
398068
398068
398068
398068
398068
398068
398068
398068
398068
398068
398068
USD
BOB
USDBOB
Bolivian Boliviano
7656
7656
7656
7656
7656
7656
7656
7656
7656
7656
7656
7656
7656
USD
DOP
USDDOP
Dominican Rep Peso
637802
637802
637802
637802
637802
637802
637802
637802
637802
637802
637802
637802
637802
USD
MXN
USDMXN
Mexico Peso
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
USD
CAD
USDCAD
Canadian Dollar
140195
140195
140195
140195
140195
140195
140195
140195
140195
140195
140195
140195
140195
EUROPE
EUR
USD
EURUSD
EURO
135168
135168
135168
135168
135168
135168
135168
135168
135168
135168
135168
135168
135168
USD
CHF
USDCHF
Swiss Franc
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
GBP
USD
GBPUSD
Pound Sterling
149754
149754
149754
149754
149754
149754
149754
149754
149754
149754
149754
149754
149754
USD
PLN
USDPLN
Poland Zloty
409805
409805
409805
409805
409805
409805
409805
409805
409805
409805
409805
409805
409805
USD
CZK
USDCZK
Czech Koruna
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
USD
HUF
USDHUF
Hungary Forint
326623
326623
326623
326623
326623
326623
326623
326623
326623
326623
326623
326623
326623
EUR
BRL
EURBRL
Brazilian Real
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
USD
RUB
USDRUB
Russian Rouble
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
084678
084678
084678
084678
084678
084678
084678
084678
084678
084678
084678
084678
084678
NZD
USD
NZDUSD
New Zealand Dollar
079409
079409
079409
079409
079409
079409
079409
079409
079409
079409
079409
079409
079409
USD
CNY
USDCNY
China Renminbi
718311
718311
718311
718311
718311
718311
718311
718311
718311
718311
718311
718311
718311
USD
HKD
USDHKD
Hong Kong Dollar
852731
852731
852731
852731
852731
852731
852731
852731
852731
852731
852731
852731
852731
USD
IDR
USDIDR
Indonesian Rupiah
15444
15444
15444
15444
15444
15444
15444
15444
15444
15444
15444
15444
15444
USD
SGD
USDSGD
Singapore Dollar
145508
145508
145508
145508
145508
145508
145508
145508
145508
145508
145508
145508
145508
USD
VND
USDVND
Viecirct Nam dong
253913
253913
253913
253913
253913
253913
253913
253913
253913
253913
253913
253913
253913
USD
THB
USDTHB
Thailand Baht
32934
32934
32934
32934
32934
32934
32934
32934
32934
32934
32934
32934
32934
OTHER
USD
CLP
USDCLP
Chilean Peso
782408
782408
782408
782408
782408
782408
782408
782408
782408
782408
782408
782408
782408
USD
JPY
USDJPY
Japanese Yen
113487
113487
113487
113487
113487
113487
113487
113487
113487
113487
113487
113487
113487
USD
KRW
USDKRW
Korean Won
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
USD
LTL
USDLTL
Lithuania Litas
309078
309078
309078
309078
309078
309078
309078
309078
309078
309078
309078
309078
309078
USD
MYR
USDMYR
Malaysia Ringgit
441155
441155
441155
441155
441155
441155
441155
441155
441155
441155
441155
441155
441155
USD
PGK
USDPGK
Papau NG Kina
378873
378873
378873
378873
378873
378873
378873
378873
378873
378873
378873
378873
378873
USD
PHP
USDPHP
Philippine Peso
528077
528077
528077
528077
528077
528077
528077
528077
528077
528077
528077
528077
528077
USD
TWD
USDTWD
Taiwanese Dollar
30877
30877
30877
30877
30877
30877
30877
30877
30877
30877
30877
30877
30877
USD
TRL
USDTRL
Turkish Lira
810623
810623
810623
810623
810623
810623
810623
810623
810623
810623
810623
810623
810623
USD
ZAR
USDZAR
So African Rand
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
USD
INR
USDINR
India Rupee
80399
80399
80399
80399
80399
80399
80399
80399
80399
80399
80399
80399
80399
USD
SAR
USDSAR
Saudi Arabia Riyal
412665
412665
412665
412665
412665
412665
412665
412665
412665
412665
412665
412665
412665
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
EUR
GBP
EURGBP
1 Euro to the Pound
099286
099286
099286
099286
099286
099286
099286
099286
099286
099286
099286
099286
099286
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
119218
119218
119218
119218
119218
119218
119218
119218
119218
119218
119218
119218
119218
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End - 2020
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
FROM
TO
Currency
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
AMERICAS
USD
ARS
USDARS
Argentine Peso
841411
841411
841411
841411
841411
841411
841411
841411
841411
841411
841411
841411
8720000
USD
BRL
USDBRL
Brazilian Real
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
543920
USD
COP
USDCOP
Colombian Peso
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
355800000
USD
PEN
USDPEN
Peru New Sol
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
364270
USD
BOB
USDBOB
Bolivian Boliviano
696
696
696
696
696
696
696
696
696
696
696
696
696000
USD
DOP
USDDOP
Dominican Rep Peso
57982
57982
57982
57982
57982
57982
57982
57982
57982
57982
57982
57982
5799800
USD
MXN
USDMXN
Mexico Peso
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
2035240
USD
CAD
USDCAD
Canadian Dollar
12745
12745
12745
12745
12745
12745
12745
12745
12745
12745
12745
12745
128700
EUROPE
EUR
USD
EURUSD
EURO
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
120970
USD
CHF
USDCHF
Swiss Franc
0882
0882
0882
0882
0882
0882
0882
0882
0882
0882
0882
0882
088960
GBP
USD
GBPUSD
Pound Sterling
13614
13614
13614
13614
13614
13614
13614
13614
13614
13614
13614
13614
137030
USD
PLN
USDPLN
Poland Zloty
37255
37255
37255
37255
37255
37255
37255
37255
37255
37255
37255
37255
375170
USD
CZK
USDCZK
Czech Koruna
213174
213174
213174
213174
213174
213174
213174
213174
213174
213174
213174
213174
2154860
USD
HUF
USDHUF
Hungary Forint
29693
29693
29693
29693
29693
29693
29693
29693
29693
29693
29693
29693
29639000
EUR
BRL
EURBRL
Brazilian Real
637882
637882
637882
637882
637882
637882
637882
637882
637882
637882
637882
637882
657980
USD
RUB
USDRUB
Russian Rouble
743399
743399
743399
743399
743399
743399
743399
743399
743399
743399
743399
743399
7617880
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
07698
07698
07698
07698
07698
07698
07698
07698
07698
07698
07698
07698
076430
NZD
USD
NZDUSD
New Zealand Dollar
07219
07219
07219
07219
07219
07219
07219
07219
07219
07219
07219
07219
071520
USD
CNY
USDCNY
China Renminbi
65301
65301
65301
65301
65301
65301
65301
65301
65301
65301
65301
65301
646100
USD
HKD
USDHKD
Hong Kong Dollar
77521
77521
77521
77521
77521
77521
77521
77521
77521
77521
77521
77521
775270
USD
IDR
USDIDR
Indonesian Rupiah
14040
14040
14040
14040
14040
14040
14040
14040
14040
14040
14040
14040
1403000000
USD
SGD
USDSGD
Singapore Dollar
13228
13228
13228
13228
13228
13228
13228
13228
13228
13228
13228
13228
133130
USD
VND
USDVND
Viecirct Nam dong
23083
23083
23083
23083
23083
23083
23083
23083
23083
23083
23083
23083
2305200000
USD
THB
USDTHB
Thailand Baht
2994
2994
2994
2994
2994
2994
2994
2994
2994
2994
2994
2994
2998400
OTHER
USD
CLP
USDCLP
Chilean Peso
71128
71128
71128
71128
71128
71128
71128
71128
71128
71128
71128
71128
73815000
USD
JPY
USDJPY
Japanese Yen
10317
10317
10317
10317
10317
10317
10317
10317
10317
10317
10317
10317
10452000
USD
KRW
USDKRW
Korean Won
108461
108461
108461
108461
108461
108461
108461
108461
108461
108461
108461
108461
111940000
USD
LTL
USDLTL
Lithuania Litas
28098
28098
28098
28098
28098
28098
28098
28098
28098
28098
28098
28098
285390
USD
MYR
USDMYR
Malaysia Ringgit
40105
40105
40105
40105
40105
40105
40105
40105
40105
40105
40105
40105
405350
USD
PGK
USDPGK
Papau NG Kina
34443
34443
34443
34443
34443
34443
34443
34443
34443
34443
34443
34443
348640
USD
PHP
USDPHP
Philippine Peso
48007
48007
48007
48007
48007
48007
48007
48007
48007
48007
48007
48007
4807500
USD
TWD
USDTWD
Taiwanese Dollar
2807
2807
2807
2807
2807
2807
2807
2807
2807
2807
2807
2807
2803300
USD
TRL
USDTRL
Turkish Lira
73693
73693
73693
73693
73693
73693
73693
73693
73693
73693
73693
73693
736220
USD
ZAR
USDZAR
So African Rand
146144
146144
146144
146144
146144
146144
146144
146144
146144
146144
146144
146144
1526290
USD
INR
USDINR
India Rupee
7309
7309
7309
7309
7309
7309
7309
7309
7309
7309
7309
7309
7298750
USD
SAR
USDSAR
Saudi Arabia Riyal
37515
37515
37515
37515
37515
37515
37515
37515
37515
37515
37515
37515
375070
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
106635
106635
106635
106635
106635
106635
106635
106635
106635
106635
106635
106635
106865
EUR
GBP
EURGBP
1 Euro to the Pound
09026
09026
09026
09026
09026
09026
09026
09026
09026
09026
09026
09026
088280
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
10838
10838
10838
10838
10838
10838
10838
10838
10838
10838
10838
10838
107615
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End - 2021
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
FROM
TO
Currency
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Average
High
Low
AMERICAS
USD
ARS
USDARS
Argentine Peso
872
8975
919508
934904
945289
956926
966403
977029
987036
9336949
9770290
8720000
8720000
USD
BRL
USDBRL
Brazilian Real
54392
55178
57736
53367
52372
49545
50795
51835
54132
537650
577360
495450
543920
USD
COP
USDCOP
Colombian Peso
3558
359681
372672
3709
372931
376071
3845
380625
383497
368009167
376071000
355800000
355800000
USD
PEN
USDPEN
Peru New Sol
36427
36475
37706
37846
38455
388
39266
40748
41279
376182
388000
364270
364270
USD
BOB
USDBOB
Bolivian Boliviano
696
696
696
696
696
696
696
696
696
696
696
696
696000
696000
696000
696000
USD
DOP
USDDOP
Dominican Rep Peso
57998
57789
56623
56594
56689
5686
56918
56775
56201
5709217
5799800
5659400
5799800
USD
MXN
USDMXN
Mexico Peso
203524
209672
206091
200331
199466
197926
198879
201029
204877
2028350
2096720
1979260
2035240
USD
CAD
USDCAD
Canadian Dollar
1287
12617
12622
12275
12079
1239
12449
12594
1273
124755
128700
120790
128700
EUROPE
EUR
USD
EURUSD
EURO
12097
12154
11707
12117
12185
119
11879
11819
11605
120267
121850
117070
120970
USD
CHF
USDCHF
Swiss Franc
08896
0906
09438
09089
08976
09213
0907
09154
09333
091120
094380
088960
088960
GBP
USD
GBPUSD
Pound Sterling
13703
13959
13724
1394
14195
13848
13947
13784
13448
138948
141950
137030
137030
USD
PLN
USDPLN
Poland Zloty
37517
37212
39797
37666
36836
37963
38455
38546
3987
378318
397970
368360
375170
USD
CZK
USDCZK
Czech Koruna
215486
215912
223301
213397
208705
214242
214644
21627
219734
2151738
2233010
2087050
2154860
USD
HUF
USDHUF
Hungary Forint
29639
29784
31019
29713
28557
29538
30086
29444
31033
29708333
31019000
28557000
29639000
EUR
BRL
EURBRL
Brazilian Real
65798
670633
675915
646648
638153
589586
603394
612638
628202
646486
675915
589586
657980
USD
RUB
USDRUB
Russian Rouble
761788
7454
757817
746046
734775
727608
7332
73398
72703
7455723
7617880
7276080
7617880
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
07643
0783
07597
07778
07742
07521
0739
07313
07203
076852
078300
075210
076430
NZD
USD
NZDUSD
New Zealand Dollar
07152
07345
06974
07245
07268
06996
07004
07037
06879
071633
073450
069740
071520
USD
CNY
USDCNY
China Renminbi
6461
6471
65632
64688
63682
64567
64587
64671
64682
646482
656320
636820
646100
USD
HKD
USDHKD
Hong Kong Dollar
77527
77551
7775
77639
77588
77652
77741
77846
77868
776178
777500
775270
775270
USD
IDR
USDIDR
Indonesian Rupiah
14030
14200
14540
14450
14290
14535
14455
14311
14320
1434083333
1454000000
1403000000
1403000000
USD
SGD
USDSGD
Singapore Dollar
13313
13286
13476
13267
1324
13447
13532
13444
13612
133382
134760
132400
133130
USD
VND
USDVND
Viecirct Nam dong
23052
23017
23074
23045
23046
23018
22958
22776
22758
2304200000
2307400000
2301700000
2305200000
USD
THB
USDTHB
Thailand Baht
29984
30312
31375
31189
31264
32016
32895
32321
33926
3102333
3201600
2998400
2998400
OTHER
USD
CLP
USDCLP
Chilean Peso
73815
7138
72993
7055
7286
72743
7596
78174
8091
72390167
73815000
70550000
73815000
USD
JPY
USDJPY
Japanese Yen
10452
10624
11084
10887
10987
11049
10951
10989
11195
10847167
11084000
10452000
10452000
USD
KRW
USDKRW
Korean Won
11194
11227
11327
11102
111449
112816
114796
116065
118543
112127500
113270000
111020000
111940000
USD
LTL
USDLTL
Lithuania Litas
28539
28403
29492
28495
28334
29013
29067
29214
29751
287127
294920
283340
285390
USD
MYR
USDMYR
Malaysia Ringgit
40535
405
41555
4103
4134
41525
4231
4153
4188
410808
415550
405000
405350
USD
PGK
USDPGK
Papau NG Kina
34864
34728
34072
34732
3452
34507
34072
34303
34616
345705
348640
340720
348640
USD
PHP
USDPHP
Philippine Peso
48075
48838
48563
48182
47862
48694
50209
49742
50893
4836900
4883800
4786200
4807500
USD
TWD
USDTWD
Taiwanese Dollar
28033
27826
28513
27891
27729
27896
2792
27742
27856
2798133
2851300
2772900
2803300
USD
TRL
USDTRL
Turkish Lira
73622
74188
83084
8199
84958
8731
84669
83658
89081
808587
873100
736220
736220
USD
ZAR
USDZAR
So African Rand
152629
15045
149365
142917
137698
143294
145603
146429
151236
1460588
1526290
1376980
1526290
USD
INR
USDINR
India Rupee
729875
73045
73485
7404
723725
74255
742875
732475
74345
7336417
7425500
7237250
7298750
USD
SAR
USDSAR
Saudi Arabia Riyal
37507
37502
37503
37501
37501
37504
37505
37507
37508
375030
375070
375010
375070
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
106865
106603
108933
107357
106522
107504
105511
103922
10471
107297
108933
106522
106865
EUR
GBP
EURGBP
1 Euro to the Pound
08828
087069
085303
086923
08584
085933
085172
085744
086295
086558
088280
085303
088280
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
107615
110115
110491
110131
109373
109635
107743
108191
108309
109560
110491
107615
107615
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End - 2020
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
FROM
TO
Currency
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Average
High
Low
AMERICAS
USD
ARS
USDARS
Argentine Peso
60246
621341
64464
6674
68439
703918
7225
739883
761102
782887
81058
841411
7152093
8414110
6024600
8720000
USD
BRL
USDBRL
Brazilian Real
42464
44903
51924
53342
54059
54023
5153
5387
56312
57774
53354
51911
521222
577740
424640
543920
USD
COP
USDCOP
Colombian Peso
34133
3499
405405
39217
369789
375371
372175
374842
388565
385525
360436
3419
371450667
405405000
341330000
355800000
USD
PEN
USDPEN
Peru New Sol
33647
34333
34365
33658
34365
35227
35117
35328
35971
36106
36017
36188
350268
361880
336470
364270
USD
BOB
USDBOB
Bolivian Boliviano
696
696
696
696
696
696
696
696
696
696
696
696
696000
696000
696000
690690
USD
DOP
USDDOP
Dominican Rep Peso
52674
53093
53678
54456
57275
58076
58335
57922
58038
5824
58155
57982
5649367
5833500
5267400
5799800
USD
MXN
USDMXN
Mexico Peso
187562
195268
239454
237426
221609
23033
220036
2178
224419
21368
200542
198866
2155827
2394540
1875620
2035240
USD
CAD
USDCAD
Canadian Dollar
13204
13444
14199
13865
13763
13663
13422
13082
13404
13312
1299
12745
134244
141990
127450
128700
EUROPE
EUR
USD
EURUSD
EURO
11024
10995
1101
10858
11098
11237
11893
11902
11734
11681
11969
12288
114741
122880
108580
120970
USD
CHF
USDCHF
Swiss Franc
09706
09676
09601
09747
09627
09516
09065
09042
09209
09145
09034
0882
093490
097470
088200
088960
GBP
USD
GBPUSD
Pound Sterling
13097
12882
12332
12465
12344
12298
13129
13339
12841
12916
13338
13614
128829
136140
122980
137030
USD
PLN
USDPLN
Poland Zloty
38927
3938
41288
41828
40114
39606
37075
36844
38614
39562
37441
37255
389945
418280
368440
375170
USD
CZK
USDCZK
Czech Koruna
22887
23066
247565
24932
242893
23819
220513
219209
231743
234209
218839
213174
2312654
2493200
2131740
2154860
USD
HUF
USDHUF
Hungary Forint
30568
30842
32569
32597
31455
31679
28997
29692
31108
31485
3018
29693
30905417
32597000
28997000
29639000
EUR
BRL
EURBRL
Brazilian Real
468123
493708
571683
579187
599947
607056
612846
641161
660765
674858
638594
637882
598818
674858
468123
657980
USD
RUB
USDRUB
Russian Rouble
631686
6665
793185
72783
70542
700054
731552
74037
789805
786921
760592
743399
7314428
7931850
6316860
7617880
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
06721
06524
0617
06562
06649
0688
07218
0735
07118
07045
0739
07698
069438
076980
061700
076430
NZD
USD
NZDUSD
New Zealand Dollar
06486
06237
06015
06144
06206
06422
06704
06726
06586
06626
07032
07219
065336
072190
060150
071520
USD
CNY
USDCNY
China Renminbi
69109
70114
70877
70547
71501
70671
69869
68515
68111
66829
65845
65301
689408
715010
653010
646100
USD
HKD
USDHKD
Hong Kong Dollar
7769
77978
77542
77505
77532
77503
77499
77502
775
77519
77511
77521
775668
779780
774990
775270
USD
IDR
USDIDR
Indonesian Rupiah
13650
14170
16335
14925
14650
14225
14530
14544
14850
14625
14080
14040
1455200000
1633500000
1365000000
1403000000
USD
SGD
USDSGD
Singapore Dollar
13618
13984
14243
14102
14133
13936
13698
13592
13689
13646
13372
13228
137701
142430
132280
133130
USD
VND
USDVND
Viecirct Nam dong
23221
23238
23633
23309
23280
23204
23171
23174
23183
23177
23143
23083
2323466667
2363300000
2308300000
2305200000
USD
THB
USDTHB
Thailand Baht
31112
31661
32624
32326
31825
30872
31199
31082
31671
312
30268
2994
3131500
3262400
2994000
2998400
OTHER
USD
CLP
USDCLP
Chilean Peso
79599
81441
85123
83475
8077
81928
75903
7783
7865
77228
767
71128
79147917
85123000
71128000
73815000
USD
JPY
USDJPY
Japanese Yen
10908
1089
10829
10654
10713
10773
10429
10563
10551
10435
10388
10317
10620833
10908000
10317000
10452000
USD
KRW
USDKRW
Korean Won
118807
121638
12195
120616
12371
1198
11885
118422
116833
112881
11056
108461
117710667
123710000
108461000
111940000
USD
LTL
USDLTL
Lithuania Litas
3132
31404
31355
31797
31105
30722
29031
29006
29423
29557
28845
28098
301386
317970
280980
285390
USD
MYR
USDMYR
Malaysia Ringgit
40875
4226
4295
4316
435
42795
42375
4163
4157
4158
4069
40105
419575
435000
401050
405350
USD
PGK
USDPGK
Papau NG Kina
33357
33234
34141
34056
33572
34503
33732
34018
34297
34648
34516
34443
340431
346480
332340
348640
USD
PHP
USDPHP
Philippine Peso
50894
51024
50757
5037
50585
49795
49032
48314
4842
4838
48118
48007
4947467
5102400
4800700
4807500
USD
TWD
USDTWD
Taiwanese Dollar
30232
3024
30253
2976
29983
29448
29333
29376
28985
28598
2855
2807
2940233
3025300
2807000
2803300
USD
TRL
USDTRL
Turkish Lira
59742
6216
65765
69528
68135
68476
69639
73286
78001
8311
7835
73693
708238
831100
597420
736220
USD
ZAR
USDZAR
So African Rand
147542
156154
179346
181579
174636
172523
167385
165789
169531
163508
152422
146144
1647133
1815790
1461440
1526290
USD
INR
USDINR
India Rupee
714525
7196
755575
75
75635
7553
747325
7335
738125
74105
740425
7309
7402229
7563500
7145250
7298750
USD
SAR
USDSAR
Saudi Arabia Riyal
37516
37516
37587
37572
37551
37506
37506
37503
37508
37501
37505
37515
375238
375870
375010
375070
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
103623
104602
102577
106803
107138
107132
107667
109277
108078
106324
105091
106635
106246
109277
102577
106865
EUR
GBP
EURGBP
1 Euro to the Pound
084172
085352
08928
087108
089906
091373
090586
089227
091379
090438
089736
09026
089068
091379
084172
088280
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
106999
106388
105707
105833
10684
106931
10781
107618
108058
106823
108128
10838
107126
108380
105707
107615
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End - 2019
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
FROM
TO
Currency
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Average
High
Low
AMERICAS
USD
ARS
USDARS
Argentine Peso
3741050
3878
43635
4432
4454500
42675
43935
578655
5732
596945
597375
5985
4956573
5985000
3741050
8720000
USD
BRL
USDBRL
Brazilian Real
367900
37287
39005
39413
398090
38194
37903
41696
41571
39899
42107
40214
394617
421070
367900
543920
USD
COP
USDCOP
Colombian Peso
316290000
306967
317552
325128
336260000
319593
330106
343599
345776
338689
350988
328075
329342091
350988000
306967000
355800000
USD
PEN
USDPEN
Peru New Sol
335150
32958
33195
33099
336450
32892
32855
33937
33805
33433
33932
33148
333426
339370
328550
364270
USD
BOB
USDBOB
Bolivian Boliviano
696000
696
696
696
696
696
696
696
696
696
696
696
696000
696000
696000
690690
USD
DOP
USDDOP
Dominican Rep Peso
5030900
50171
5028
50701
5028500
50643
5072
50774
524
5281
52856
5295
5132855
5295000
5017100
5799800
USD
MXN
USDMXN
Mexico Peso
1913710
191613
193584
190288
1955140
191857
190491
201595
196839
190735
195127
189251
1929774
2015950
1892510
2035240
USD
CAD
USDCAD
Canadian Dollar
131290
13154
13438
13461
135380
13097
13138
13301
13234
13158
13286
13051
132225
134610
130510
128700
EUROPE
EUR
USD
EURUSD
EURO
115040
11377
1123
11189
111280
11362
11155
11047
10936
11164
1101
11202
111978
115040
109360
120970
USD
CHF
USDCHF
Swiss Franc
099260
09986
09959
1019
100530
09755
09911
09873
09911
09872
09985
09679
099134
101900
096790
088960
GBP
USD
GBPUSD
Pound Sterling
131260
13303
13068
12944
126070
12668
1216
12183
12296
12926
12912
13118
127913
133030
121600
137030
USD
PLN
USDPLN
Poland Zloty
372470
37912
38234
38356
385280
37408
38524
39704
40057
38128
39233
37958
384328
400570
372470
375170
USD
CZK
USDCZK
Czech Koruna
2238300
22522
22965
22923
2320450
22385
230019
234362
23629
228556
232165
226645
2290743
2362900
2238300
2154860
USD
HUF
USDHUF
Hungary Forint
27437000
27792
28516
28878
29197000
28494
29349
29989
30652
29494
30499
29533
29148455
30652000
27437000
29639000
EUR
BRL
EURBRL
Brazilian Real
423232
424214
438026
440992
442995
43396
422808
460616
45462
445432
463598
450477
441634
463598
422808
657980
USD
RUB
USDRUB
Russian Rouble
6538700
657042
647791
644333
6525850
630529
63485
66505
645088
637495
640362
619672
6432802
6650500
6196720
7617880
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
072670
07144
0709
07045
069180
0701
06897
06717
06755
06923
06775
07005
069662
072670
067170
076430
NZD
USD
NZDUSD
New Zealand Dollar
069140
06847
06789
06665
065110
06699
06599
06298
06268
06424
06422
06729
066049
069140
062680
071520
USD
CNY
USDCNY
China Renminbi
669840
6681
67244
67368
690830
68727
68809
71506
71231
70384
70321
69759
690130
715060
668100
646100
USD
HKD
USDHKD
Hong Kong Dollar
784480
78494
78499
7845
784690
781
78254
78451
7841
78354
78269
77845
783249
784990
778450
775270
USD
IDR
USDIDR
Indonesian Rupiah
13980
14065
14230
14225
1437300000
14125
14008
14225
14170
14008
14110
13870
1409236364
1423000000
1387000000
1403000000
USD
SGD
USDSGD
Singapore Dollar
134590
13486
13556
1362
137870
13536
13692
13884
13815
13604
13663
13471
136169
138840
134590
133130
USD
VND
USDVND
Viecirct Nam dong
23199
23198
23175
23280
2341300000
23299
23200
23195
23201
23199
23195
23172
2321027273
2329900000
2317200000
2305200000
USD
THB
USDTHB
Thailand Baht
3123900
31461
31808
31933
3177500
30743
30772
30637
30587
30187
30229
2987
3086055
3193300
2987000
2998400
OTHER
USD
CLP
USDCLP
Chilean Peso
66726000
65056
68319
67936
70901000
67977
70109
72096
72652
73834
82799
75163
71151545
82799000
65056000
73815000
USD
JPY
USDJPY
Japanese Yen
10880000
11089
11072
11149
10896000
10764
10854
10636
10788
10866
10947
10869
10901273
11149000
10636000
10452000
USD
KRW
USDKRW
Korean Won
111040000
111855
113511
11641
119060000
11562
11805
12081
119827
11608
11812
115568
116081000
120810000
111040000
111940000
USD
LTL
USDLTL
Lithuania Litas
300140
30349
30745
30856
310260
30387
30953
31255
31572
30925
31359
30822
308397
315720
300140
285390
USD
MYR
USDMYR
Malaysia Ringgit
408600
4069
40815
4134
419650
4141
4127
4221
4186
41755
4171
4092
413491
422100
406900
405350
USD
PGK
USDPGK
Papau NG Kina
328410
32841
32895
32841
328950
33003
33113
33167
33321
33177
3329
33768
331143
337680
328410
348640
USD
PHP
USDPHP
Philippine Peso
5205600
51729
52593
52025
5225500
51209
5081
5216
51763
50764
50809
5068
5150891
5259300
5068000
4807500
USD
TWD
USDTWD
Taiwanese Dollar
3066600
30794
3085
30925
3161500
31006
31082
31321
3103
30395
30525
29981
3077955
3132100
2998100
2803300
USD
TRL
USDTRL
Turkish Lira
521710
53184
55715
59545
590660
5776
55591
58369
56673
5707
57589
59483
566500
595450
521710
736220
USD
ZAR
USDZAR
So African Rand
1331760
13933
145893
143317
1481780
141702
141787
15335
151298
149581
147129
141242
1443459
1533500
1331760
1526290
USD
INR
USDINR
India Rupee
7099750
71135
690775
6982
6977250
689725
68865
7174
7064
70745
716975
712825
7045205
7174000
6886500
7298750
USD
SAR
USDSAR
Saudi Arabia Riyal
375030
375
37501
37501
375000
375
37503
37499
37513
37501
37497
37507
375023
375130
374970
375070
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
105106
104338
104434
105701
106251
104642
104516
106653
10777
107768
105497
104102
105502
107770
104102
106865
EUR
GBP
EURGBP
1 Euro to the Pound
087643
085522
085935
086442
088268
089691
091735
090676
088939
086369
08527
085394
087601
091735
085270
088280
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
114189
113611
11184
114016
111870
110836
110557
109067
108387
110211
109935
108424
111007
114189
108387
107615
5
MARKET EVOLUTION IS FAVORABLE TO GLASS
WELLNESS POSITIVE Glass is all natural and inert ndash it will not contaminate the product content and is the only package ldquogenerally recognized as saferdquo by the US Food and Drug Administration
PREMIUM amp DIFFERENTIATEDThe appearance of a glass container alone can identify and define a brand transform the ordinary into the extraordinary and build a consumer connection unlike any other substrate
EARTH-FRIENDLYGlass is all natural reusable 100 infinitely recyclable Glass is NEVER TRASH and is safe for the Earth and our oceans
6
GLASS IS AN ATTRACTIVE MARKET
16
35
21 20
04
26
20 20
13
32
00
05
10
15
20
25
30
35
40
45
GLOBE LATINAMERICA
EUROPE NORTHAMERICA
ASIA PACIFIC
PROJECTED PACKAGING GROWTH (2022-2024)
GLASS VOLUME GROWTH ALL PACKAGING VOLUME GROWTH
Source EuromonitorSource Euromonitor ndash Glass Packaging Consumption in Units (Beverages = total premise Food and hot drinks = retailoff-premise)Base 2021F 3YR CAGR 2022F-2024F Includes 54 countries
NORTH AMERICAN PACKAGING LANES
While flat during the austerity era glass is expected to grow 16 CAGR as trends accelerate
HIGH GLASS AFFINITY CATEGORIES13 of beverage consumptionSpirits wine premium beer RTD coffee etc
MEDIUM GLASS AFFINITY CATEGORIES51 of beverage consumptionSoft drinks mainstream beer RTD Teas FMBrsquos etc
LOW GLASS AFFINITY CATEGORIES36 of beverage consumptionBottled water energy drinks sports drinks etc
Packaging substrates play in different lanesGlass is highly focused on premium and certain mainstream categories
Plastics and Aluminum are highly focused on value and other mainstream categoriesO-Irsquos CORE MARKETS
FMB = Flavored Malt Beverage6
~ 77 of glass demand
~ 22 of glass demand
~ 1 of glass demand
7
SUBSTANTIAL PROGRESS TRANSFORMING O-I
1 SIMPLE AGILE EFFECTIVE amp ADAPTABLE ORGANIZATION INTEGRATED BUSINESS PLANNING ALIGNED WITH STRATEGY
WITH PREMIUM TECHNOLOGYInvesting up to $680M to expand 700KT2 (5 ndash 6) capacity
bull $100M on previously announced Heritage brownfield in Andean
bull $580M in 4 markets with up to 11 MAGMA lines
bull Deployment 2022-2024
20 average IRR
US Spirits(up to 3 MAGMA lines)
BRAZIL Beer NAB Spirits(up to 3 MAGMA Lines)
UK Spirits(up to 2 MAGMA Lines)
CAN Premium Beer(1 Line Extension)
MAGMA Greenfield Expansion
Heritage Brownfield Expansion
Line Extension
COLOMBIA Beer NAB(1 Heritage furnace)
PERU Beer NAB(up to 3 MAGMA Lines)
1 Gross of divestitures and net of capacity realignment2 Approximately 600-650KT net expansion considering capacity realignment
10
CAPITAL REDEPLOYMENT TO FUND GROWTH
$15B portfolio optimization program to fund MAGMA expansion and improve ROIC
1500
810690
$0
$200
$400
$600
$800
$1000
$1200
$1400
$1600
$1800
Proceeds fromDivestiture
Investment in Expansion Available for DebtReduction
($M
)
PORTFOLIO OPTIMIZATION PROGRAM (2019-2024)
gt 15 IRR ~ 07x lower Leverage Ratio
Current Status
REINVEST IN PROFITABLE GROWTH
IMPROVE CAPITAL
STRUCTURE
OPTIMIZE BUSINESS
PORTFOLIO
REALIGN THE
BUSINESS
O-I HAS DEPRIORITIZED INORGANIC GROWTH GIVEN GROWING COMMERCIAL PIPELINE AND MAGMArsquoS UNIQUE CAPABILITIES
1 Volume Growth Targets are gross of divestitures and net of capacity realignment2 aEPS excludes certain items management considers not representative of ongoing operations3 FCF represents Cash Flow from Operations less Capital Expenditures excluding any impact from potential funding of Paddock 524(g) trust4 Leverage ratio as defined by the companyrsquos Bank Credit Agreement (BCA) 2021 excludes any impact of potential funding of Paddock 524(g)5 aFCF reflects Cash Flow from Operations less Maintenance Capex and excludes expected one-time cash funding of Paddock 524(g) trust
2021Outlook as of November 30 2021
bull Volume1 up 4+ in FY21o 4Q21QTD up ~2 vs ~ flat guidance
bull aEPS2 $177-$182 in FY21o $030-$035 in 4Q21 102221 FXo Omicron undetermined
bull FCF3 ge $260M in FY21
bull Leverage4 ldquohigh 3rsquosrdquo at FYE21
2022Prelim Thoughts as of October 26 2021
bull Volume1 up 0-1o Limited risk that system wide inflation
will slow down demand due to stable food and beverage market channel shift resilience focus on premium categories and glass capacity constraints in many markets
bull Highly confident 2022 net price will recover unfav 2021 spread
bull $50M benefit from initiatives
bull Cap Ex $650M-$700Mo Elevated CapEx funded by proceeds
from Portfolio Optimization program
2024Targets from September 28 2021 I-Day
bull Volume1 1-2 CAGR 2022-2024
bull aEPS2 $220-$240 in 2024o Strong earnings momentum from
expansion programs heading into 2025
bull aFCF5 $400M-$450M in 2024
bull Leverage4 ~ 35x by end of 2024
BUSINESS OUTLOOK
11
12
O-I SUSTAINABILITY GOALS
Increase recycled content to 50 average by 2030 O-I is taking a tailored approach to increase recycled content rates across its enterprise network as rates vary significantly by geography
Approved SBTi target to reduce GHG emissions 25 by 2030 (interim target of 10 by 2025)
As part of our journey toward zero injuries we are committed to a 50 improvement of our Total Recordable Incident Rate (TRIR) by 2030
Reduce the amount of natural resource used and reduce the generation of waste by reuse and recycling as we drive towards a Zero Waste organization
Renewable energy is a pillar in our strategy to lower carbon emissions Our goal is to reach 40 renewable energy use by 2030 and to reduce total energy consumption by 9
We see tremendous opportunity to positively impact the planet and communities where we operate We will collaborate with customers NGOs suppliers and local leaders to make glass recycling available in 100 of our locations
Achieve sustainability balance together by aligning our supply chain with our 2030 sustainability vision and goals
We are committed to reducing our global water usage 25 by 2030 prioritizing operations in higher risk areas
Reinvent and re-imagine glassmaking ndash where the circularity of glass meets the potential of our MAGMA melting technology low-carbon alternative fuels and light-weighted glass packaging
Create a diverse and inclusive environment where people feel welcomed to create a better future for themselves each other and O-I We are focused on increasing all aspects of diversity across our team
13
CONCLUSION O-I IS AN ATTRACTIVE INVESTMENT
TRANSFORMATIONIMPROVES MARGINS EARNINGS amp ROIC
RESOLUTION OF LEGACY LIABILITIES
REDUCES RISK amp IMPROVES CASH
FLOW CONVERSION
MAGMAWILL UNLOCK SIGNIFICANT
GROWTH
OPPORTUNITY FOR HIGHER VALUATION
THROUGH SOLID EXECUTION AND
PROFITABLE GROWTH
MARKET INNOVATION amp
ESG LEADER IN THE ATTRACTIVE
GLASS SEGMENT
APPENDIX
15
PADDOCK CHAPTER 11 ndash PROGRESS AND UPDATE1
COMPLETEDCURRENTbull Phase 1 Paddock files for bankruptcy protection in Delaware and obtains initial reliefbull Phase II Paddock informally negotiates with the Asbestos Claimantsrsquo Committee and Future Claimants Representative
fiduciaries for current and future asbestos claimantsbull Phase III Paddock enters formal court-ordered mediation with Asbestos Claimantsrsquo Committee and Future Claimants
Representativebull Phase IV Paddock accepts a mediatorrsquos proposal which results in an agreement-in-principle of the material terms of a
plan of reorganization for Paddock containing a channeling injunction protecting Paddock O-I Glass and affiliatesbull Phase V Paddock Asbestos Claimantsrsquo Committee and Future Claimants Representative negotiate and finalize definitive
documents comprising Plan of Reorganization Disclosure Statement exhibits and Voting-related documents
REMAININGbull Phase VI Paddock files Plan of Reorganization Disclosure Statement and Voting-related documents with Bankruptcy
Court which then approves disclosure and voting materials and sets voting deadlinebull Phase VII Paddock solicits votes from asbestos claimants and obtains at least 75 approval of asbestos claimants who
actually votebull Phase VIII Bankruptcy Court confirms the Plan District Court affirms the Confirmation Order and Paddock emerges
from bankruptcy and funds the Asbestos Trust
1 Although the above description represents what has occurred and what O-I Glass currently anticipates is likely to occur in Paddockrsquos chapter 11 case O-I Glass makes no representation or guarantee that Paddockrsquos actual plan process will not deviate from or contain steps in addition to the steps set forth above
Current Status
16
SEGMENT FX IMPACT ON EARNINGS
APPROXIMATE ANNUAL IMPACT ON FX RATES AT KEY POINTSEPS FROM 10 FX CHANGE Oct 22 AVG AVG AVG AVG
The company uses certain non-GAAP financial measures which are measures of its historical or future financial performance that are not calculated and presented in accordance with GAAP within the meaning of applicable SEC rules Management believes that its presentation and use of certain non-GAAP financial measures including adjusted earnings adjusted earnings per share adjusted free cash flow free cash flow net debt and credit agreement EBITDA provide relevant and useful supplemental financial information that is widely used by analysts and investors as well as by management in assessing both consolidated and business unit performance These non-GAAP measures should be considered supplemental in nature and should not be considered in isolation or be construed as being more important than comparable GAAP measures
Adjusted earnings relates to net earnings from continuing operations attributable to the company exclusive of items management considers not representative of ongoing operations because such items are not reflective of the companyrsquos principal business activity which is glass container production Adjusted earnings are divided by weighted average shares outstanding (diluted) to derive adjusted earnings per share Management uses adjusted earnings and adjusted earnings per share to evaluate its period-over-period operating performance because it believes these provide useful supplemental measures of the results of operations of its principal business activity by excluding items that are not reflective of such operations Adjusted earnings and adjusted earnings per share may be useful to investors in evaluating the underlying operating performance of the companyrsquos business as these measures eliminate items that are not reflective of its principal business activity
Leverage ratio is defined as net debt divided by credit agreement EBITDA (as defined in the Companyrsquos bank credit agreement) Net debt is defined as total debt less cash Management uses net debt to analyze the liquidity of the company Further free cash flow relates to cash provided by continuing operating activities less cash payments for property plant and equipment Management has historically used free cash flow to evaluate its period-over-period cash generation performance because it believes this has provided a useful supplemental measure related to its principal business activity Adjusted free cash flow relates to cash provided by operating activities less cash payments for property plant and equipment that are related to maintenance activities and exclude the expected one-tine cash payment of the Paddock 524(g) trust Management uses non-GAAP information principally for internal reporting forecasting budgeting and calculating compensation payments
The Company routinely posts important information on its website at o-icominvestors
NON-GAAP FINANCIAL MEASURES
18
ADDITIONAL RECONCILIATIONS
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures free cash flow and adjusted free cash flow for all periods after December 31 2021 to its most directly comparable US GAAP financial measure Cash provided by operating activities without unreasonable effort This is due to potentially high variability complexity and low visibility in the relevant future periods of components of cash provided by operating activities and cash spent on property plant and equipment as well as items that would be excluded from cash provided by operating activities The variability of these excluded items and other components of cash provided by operating activities may have a significant and potentially unpredictable impact on the Companys future financial results
Unaudited Forecasted Year EndedDecember 31 2021
Cash provided by operating activities 660$ Cash payments for maintenance-related property plant and equipment 310 Adjusted Free Cash Flow (non-GAAP) 350$
Cash payments for strategic-related property plant and equipment 90Free Cash Flow (non-GAAP) 260$
For the year ending December 31 2021 and all periods after the Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measure net debt divided by Credit Agreement EBITDA to its most directly comparable US GAAP financial measure Net Earnings because management can not reliably predict all of the necessary components of this US GAAP financial measure without unreasonable efforts Net Earnings includes several significant items such as restructuring asset impairment and other charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar non-GAAP adjustments are inherently unpredictable as to if and when they may occur The inability to provide a reconciliation is due to that unpredictability and the related difficulties in assessing the potential financial impact of the non-GAAP adjustments For the same reasons the Company is unable to address the probable significance of the unavailable information which could be material to the Companyrsquos future financial results
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures adjusted earnings and adjusted earnings per share for the year ending December 31 2021 and all periods after to its most directly comparable GAAP financial measure earnings from operations attributable to the Company because management cannot reliably predict all of the necessary components of the GAAP financial measures without unreasonable efforts Earnings from operations attributable to the Company includes several significant items such as restructuring charges asset impairment charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar items are complex and inherently unpredictable and the amount recognized for each item can vary significantly Accordingly the Company is unable to provide a reconciliation of adjusted earnings and adjusted earnings per share to earnings from operations attributable to the Company or address the probable significance of the unavailable information which could be material to the Companys future financial results
I adjusted it to compare vs the Budget to estimate a full year variance in FX on 10
APPROXIMATE ANNUAL IMPACT ON
FX RATES AT KEY POINTS
EPS FROM 10 FX CHANGE
Oct 22
AVG
AVG
AVG
AVG
Sept 30
Sept YTD
Sept YTD
2021
3Q21
3Q20
4Q20
2020
2021
2021
2020
EUR
013
EUR
116
118
118
120
115
116
119
113
MXN
004
MXN
2018
2016
2208
2044
2156
2049
2024
2193
BRL
004
BRL
565
523
539
543
521
541
533
514
COP
002
COP
3773
3829
3785
3626
3715
3835
3730
3744
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
January
February
March
April
May
June
July
August
September
October
November
December
YearTotal
Total Mexico
EBIT
Total Custom 1
USD
2021
Budget
Final
10513
3985
8336
9202
12424
9781
9780
9981
8688
4147
4494
5400
96730
Total Mexico
EBIT
Total Custom 1
Local
2021
Budget
Final
209058
79242
165770
183006
247073
194521
194487
198483
172776
82460
89369
107393
1923639
Total Mexico
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexico
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexico
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
3416
2628
3843
1624
1269
1201
2040
1404
2198
1447
1101
511
22681
Total Mexico
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
67924
52256
76416
32305
25242
23883
40566
27919
43703
28780
21899
10157
451049
Total Mexico
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
1841
1758
2059
1774
1932
1769
1927
2007
1935
1859
1750
1537
22149
Total Mexico
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
36621
34964
40944
35277
38424
35182
38317
39916
38488
36971
34795
30575
440473
Total Mexico
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
550
524
617
529
578
528
576
601
579
555
522
457
6617
Total Mexico
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
10939
10429
12269
10526
11494
10496
11461
11953
11514
11047
10377
9079
131585
Mexico MR Adjustments (MXN)
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
EBIT
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
12467
5830
10574
11069
14497
11641
11846
12152
10765
6124
6328
6957
120251
Mexico Mgmt Reporting
EBIT
Total Custom 1
Local
2021
Budget
Final
211013
81088
168009
184872
249146
196381
196553
200654
174853
84438
91203
108950
1947159
Mexico Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
3416
2628
3843
1624
1269
1201
2040
1404
2198
1447
1101
511
22681
Mexico Mgmt Reporting
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
67924
52256
76416
32305
25242
23883
40566
27919
43703
28780
21899
10157
451049
Mexico Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
34780
33206
38885
33503
36492
33413
36390
37908
36553
35112
33045
29038
418324
Mexico Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
10389
9905
11652
9997
10916
9969
10885
11352
10935
10491
9856
8622
124969
Total Mexicousd entities
EBIT
Total Custom 1
USD
2021
Budget
Final
1954
1845
2239
1866
2073
1860
2066
2171
2077
1977
1834
1557
23520
Total Mexicousd entities
EBIT
Total Custom 1
Local
2021
Budget
Final
1954
1845
2239
1866
2073
1860
2066
2171
2077
1977
1834
1557
23520
Total Mexicousd entities
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexicousd entities
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexicousd entities
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexicousd entities
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexicousd entities
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
(1841)
(1758)
(2059)
(1774)
(1932)
(1769)
(1927)
(2007)
(1935)
(1859)
(1750)
(1537)
(22149)
Total Mexicousd entities
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
(1841)
(1758)
(2059)
(1774)
(1932)
(1769)
(1927)
(2007)
(1935)
(1859)
(1750)
(1537)
(22149)
Total Mexicousd entities
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
(550)
(524)
(617)
(529)
(578)
(528)
(576)
(601)
(579)
(555)
(522)
(457)
(6617)
Total Mexicousd entities
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
(550)
(524)
(617)
(529)
(578)
(528)
(576)
(601)
(579)
(555)
(522)
(457)
(6617)
Total Brazil Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
6192
3786
5063
3594
4627
3937
5008
5910
5685
6251
5790
5742
61584
Total Brazil Mgmt Reporting
EBIT
Total Custom 1
Local
2021
Budget
Final
32142
19653
26282
18655
24018
20438
25996
30677
29512
32452
30059
29808
319690
Total Brazil Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
791
741
785
690
707
752
801
847
832
833
863
876
9517
Total Brazil Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
4108
3846
4075
3582
3668
3902
4158
4398
4319
4323
4480
4546
49405
Total Brazil Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Colombia Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
4407
3879
4494
5652
5894
4974
6560
6748
6879
6787
5478
3234
64986
Total Colombia Mgmt Reporting
EBIT
Total Custom 1
Local
2021
Budget
Final
15067387
13263595
15364223
19325104
20152949
17004980
22428776
23071622
23520827
23203154
18728071
11055369
222186057
Total Colombia Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Colombia Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Colombia Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
2736
3313
2924
3606
3953
3150
4288
4764
3858
4579
4263
3325
44759
Total Colombia Mgmt Reporting
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
9353229
11327116
9997013
12327312
13514966
10770900
14660926
16288460
13190884
15654758
14575462
11369644
153030671
Total Colombia Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
139
146
151
181
171
177
212
210
215
208
187
140
2136
Total Colombia Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
473829
499117
516517
619386
585125
604100
724460
717547
734407
711396
638632
479611
7304129
Total Colombia Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Colombia Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Peru Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
3612
2038
1690
2055
2270
2557
3104
2753
2254
2445
2134
1187
28101
Total Peru Mgmt Reporting
EBIT
Total Custom 1
Local
2021
Budget
Final
13070
7377
6116
7438
8215
9254
11235
9962
8157
8847
7724
4295
101691
Total Peru Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Peru Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Peru Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
3051
2340
2373
2628
3039
2664
3399
2944
3250
2946
3722
1671
34026
Total Peru Mgmt Reporting
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
11040
8470
8587
9511
10998
9641
12299
10653
11760
10661
13468
6046
123135
Total Peru Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
458
360
308
314
342
352
373
382
380
353
344
253
4220
Total Peru Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
1656
1303
1113
1138
1239
1274
1351
1383
1376
1279
1243
916
15271
Total Peru Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
147
107
93
93
101
107
113
118
119
112
109
80
1298
Total Peru Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
531
389
336
336
366
388
410
427
432
404
393
288
4698
Europe Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
30032
18845
33957
28938
37681
31576
43515
30901
23840
24929
23578
15689
343482
Europe Mgmt Reporting
EBIT
Total Custom 1
EUR
2021
Budget
Final
24440
15336
27635
23549
30665
25697
35412
25148
19401
20287
19188
12768
279526
Europe Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Europe Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
EUR
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Europe Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Europe Mgmt Reporting
Sales -3rd Party
Export-3rd Party
EUR
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Europe Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
0
0
0
0
0
0
0
0
0
0
0
0
0
Europe Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
EUR
2021
Budget
Final
0
0
0
0
0
0
0
0
0
0
0
0
0
Europe Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
0
0
0
0
0
0
0
0
0
0
0
0
0
Europe Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
EUR
2021
Budget
Final
0
0
0
0
0
0
0
0
0
0
0
0
0
OI Europe Sarl
Royalties to OI Toledo
Total Custom 1
USD
2021
Budget
Final
7998
7998
7998
7998
7998
7998
7998
7998
7998
7998
7998
7998
95975
OI Europe Sarl
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
2238
2238
2238
2238
2238
2238
2238
2238
2238
2238
2238
2238
26853
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(001910)
Total United Kingdom
EBIT
Total Custom 1
USD
2021
Budget
Final
1629
1383
2256
1858
3068
1263
4092
4062
3364
3273
3499
1776
31524
OI Sales and Distribution UK Ltd
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Poland
EBIT
Total Custom 1
USD
2021
Budget
Final
2045
1051
2603
1724
1789
1622
2327
1989
1292
1275
1204
250
19172
OI Sales and Distribution Poland Sp Zoo
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
OI Jarslow Machine Service Center
EBIT
Total Custom 1
USD
2021
Budget
Final
(56)
47
42
(58)
42
47
(19)
30
(10)
49
41
11
164
OI Poland Business Service Center
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Hungary
EBIT
Total Custom 1
USD
2021
Budget
Final
(407)
103
248
(67)
361
1223
899
471
381
186
253
(176)
3475
OI Sales and Distribution Hungary
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Czech
EBIT
Total Custom 1
USD
2021
Budget
Final
1053
(363)
1042
737
695
1237
1269
1413
(1104)
292
278
253
6801
OI Sales and Distribution Czech
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
European Glass Group Admin
EBIT
Total Custom 1
USD
2021
Budget
Final
7844
7785
7796
7735
7795
7795
7792
7792
7794
7951
7800
7783
93662
Europe MR Adjustments
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
OI Europe Sarl
Total Operating Expenses
Total Controllable Operating Expenses
USD
2021
Budget
Final
4096
4669
4662
4823
4618
4437
3886
4145
3908
3825
3760
3663
50490
Europe Mgmt Reportingusd entities
EBIT
Total Custom 1
USD
2021
Budget
Final
17926
8838
19969
17008
23930
18389
27156
15145
12124
11904
10503
5792
188684
Shares 2020
158671
Tax Rate 2020
3270
EUROPE
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
Base FX EUR
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
New FX EUR
13517
13517
13517
13517
13517
13517
13517
13517
13517
13517
13517
13517
10
10
10
10
10
10
10
10
10
10
10
10
3+9F FX CHF
08820
08820
08820
08820
08820
08820
08820
08820
08820
08820
08820
08820
New FX CHF
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
EBIT As Is
30032
18845
33957
28938
37681
31576
43515
30901
23840
24929
23578
15689
82834
98195
98256
64197
343482
EBIT USD
12107
10007
13988
11930
13751
13188
16359
15756
11717
13025
13075
9897
36102
38868
43832
35998
154799
70
CHF - Salaries amp Benefits
2867
3269
3263
3376
3232
3106
2720
2902
2735
2678
2632
2564
9399
9714
8357
7873
35343
EBIT EUR Denominated
20793
12106
23233
20384
27163
21494
29876
18047
14859
14582
13135
8356
56132
69041
62782
36072
224027
Translation
2079
1211
2323
2038
2716
2149
2988
1805
1486
1458
1313
836
5613
6904
6278
3607
22403
CHF Translation
(261)
(297)
(297)
(307)
(294)
(282)
(247)
(264)
(249)
(243)
(239)
(233)
(854)
(883)
(760)
(716)
(3213)
Sales 3rd Party
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Royalties
800
800
800
800
800
800
800
800
800
800
800
800
2399
2399
2399
2399
9597
Trademarks
224
224
224
224
224
224
224
224
224
224
224
224
671
671
671
671
2685
EPS Impact AMC
001
001
001
001
001
001
002
001
001
001
001
001
003
004
004
003
013
CENTRAL
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
3+9F FX
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
New FX
218753
218753
218753
218753
218753
218753
218753
218753
218753
218753
218753
218753
10
10
10
10
10
10
10
10
10
10
10
10
Local Currency Entities
Non Controllable EBIT As Is
10513
3985
8336
9202
12424
9781
9780
9981
8688
4147
4494
5400
22833
31408
28449
14041
96730
Translation
(956)
(362)
(758)
(837)
(1129)
(889)
(889)
(907)
(790)
(377)
(409)
(491)
(2076)
(2855)
(2586)
(1276)
(8794)
Sales 3rd Party
311
239
349
148
115
109
185
128
200
132
100
46
899
372
513
278
2062
Royalties
(167)
(160)
(187)
(161)
(176)
(161)
(175)
(182)
(176)
(169)
(159)
(140)
(514)
(498)
(534)
(468)
(2014)
Trademarks
(50)
(48)
(56)
(48)
(53)
(48)
(52)
(55)
(53)
(50)
(47)
(42)
(154)
(149)
(160)
(139)
(602)
EPS Impact AMC
(000)
(000)
(000)
(000)
(001)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(001)
(001)
(001)
(001)
(004)
BRAZIL
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
3+9F FX
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
New FX
57102
57102
57102
57102
57102
57102
57102
57102
57102
57102
57102
57102
10
10
10
10
10
10
10
10
10
10
10
10
Local Currency Entities
Non Controllable EBIT As Is
6192
3786
5063
3594
4627
3937
5008
5910
5685
6251
5790
5742
15040
12157
16602
17784
61584
Translation
(563)
(344)
(460)
(327)
(421)
(358)
(455)
(537)
(517)
(568)
(526)
(522)
(1367)
(1105)
(1509)
(1617)
(5599)
Sales 3rd Party
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Royalties
(72)
(67)
(71)
(63)
(64)
(68)
(73)
(77)
(76)
(76)
(78)
(80)
(211)
(195)
(225)
(234)
(865)
Trademarks
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
EPS Impact BRAZIL
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(001)
(001)
(001)
(001)
(003)
COLOMBIA
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
3+9F FX
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
New FX
3761
3761
3761
3761
3761
3761
3761
3761
3761
3761
3761
3761
10
10
10
10
10
10
10
10
10
10
10
10
Local Currency Entities
Non Controllable EBIT As Is
4407
3879
4494
5652
5894
4974
6560
6748
6879
6787
5478
3234
12780
16520
20188
15498
64986
Translation
(401)
(353)
(409)
(514)
(536)
(452)
(596)
(613)
(625)
(617)
(498)
(294)
(1162)
(1502)
(1835)
(1409)
(5908)
Sales 3rd Party
249
301
266
328
359
286
390
433
351
416
388
302
816
974
1174
1106
4069
Royalties
(13)
(13)
(14)
(16)
(16)
(16)
(19)
(19)
(20)
(19)
(17)
(13)
(40)
(48)
(58)
(49)
(194)
Trademarks
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
EPS Impact COLOMBIA
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(001)
PERU
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
3+9F FX
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
New FX
39807
39807
39807
39807
39807
39807
39807
39807
39807
39807
39807
39807
10
10
10
10
10
10
10
10
10
10
10
10
Local Currency Entities
Non Controllable EBIT As Is
3612
2038
1690
2055
2270
2557
3104
2753
2254
2445
2134
1187
7340
6883
8112
5766
28101
Translation
(328)
(185)
(154)
(187)
(206)
(232)
(282)
(250)
(205)
(222)
(194)
(108)
(667)
(626)
(737)
(524)
(2555)
Sales 3rd Party
277
213
216
239
276
242
309
268
295
268
338
152
706
757
872
758
3093
Royalties
(42)
(33)
(28)
(29)
(31)
(32)
(34)
(35)
(35)
(32)
(31)
(23)
(102)
(92)
(103)
(86)
(384)
Trademarks
(13)
(10)
(8)
(8)
(9)
(10)
(10)
(11)
(11)
(10)
(10)
(7)
(32)
(27)
(32)
(27)
(118)
EPS Impact PERU
(000)
(000)
000
000
000
(000)
(000)
(000)
000
000
000
000
(000)
000
(000)
000
000
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End SIMULATION
10
Change
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
SPOT
FROM
TO
Currency
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
RATE
AMERICAS
USD
ARS
USDARS
Argentine Peso
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
USD
BRL
USDBRL
Brazilian Real
571021
571021
571021
571021
571021
571021
571021
571021
571021
571021
571021
571021
571021
USD
COP
USDCOP
Colombian Peso
37609
37609
37609
37609
37609
37609
37609
37609
37609
37609
37609
37609
37609
USD
PEN
USDPEN
Peru New Sol
398068
398068
398068
398068
398068
398068
398068
398068
398068
398068
398068
398068
398068
USD
BOB
USDBOB
Bolivian Boliviano
7656
7656
7656
7656
7656
7656
7656
7656
7656
7656
7656
7656
7656
USD
DOP
USDDOP
Dominican Rep Peso
637802
637802
637802
637802
637802
637802
637802
637802
637802
637802
637802
637802
637802
USD
MXN
USDMXN
Mexico Peso
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
USD
CAD
USDCAD
Canadian Dollar
140195
140195
140195
140195
140195
140195
140195
140195
140195
140195
140195
140195
140195
EUROPE
EUR
USD
EURUSD
EURO
135168
135168
135168
135168
135168
135168
135168
135168
135168
135168
135168
135168
135168
USD
CHF
USDCHF
Swiss Franc
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
GBP
USD
GBPUSD
Pound Sterling
149754
149754
149754
149754
149754
149754
149754
149754
149754
149754
149754
149754
149754
USD
PLN
USDPLN
Poland Zloty
409805
409805
409805
409805
409805
409805
409805
409805
409805
409805
409805
409805
409805
USD
CZK
USDCZK
Czech Koruna
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
USD
HUF
USDHUF
Hungary Forint
326623
326623
326623
326623
326623
326623
326623
326623
326623
326623
326623
326623
326623
EUR
BRL
EURBRL
Brazilian Real
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
USD
RUB
USDRUB
Russian Rouble
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
084678
084678
084678
084678
084678
084678
084678
084678
084678
084678
084678
084678
084678
NZD
USD
NZDUSD
New Zealand Dollar
079409
079409
079409
079409
079409
079409
079409
079409
079409
079409
079409
079409
079409
USD
CNY
USDCNY
China Renminbi
718311
718311
718311
718311
718311
718311
718311
718311
718311
718311
718311
718311
718311
USD
HKD
USDHKD
Hong Kong Dollar
852731
852731
852731
852731
852731
852731
852731
852731
852731
852731
852731
852731
852731
USD
IDR
USDIDR
Indonesian Rupiah
15444
15444
15444
15444
15444
15444
15444
15444
15444
15444
15444
15444
15444
USD
SGD
USDSGD
Singapore Dollar
145508
145508
145508
145508
145508
145508
145508
145508
145508
145508
145508
145508
145508
USD
VND
USDVND
Viecirct Nam dong
253913
253913
253913
253913
253913
253913
253913
253913
253913
253913
253913
253913
253913
USD
THB
USDTHB
Thailand Baht
32934
32934
32934
32934
32934
32934
32934
32934
32934
32934
32934
32934
32934
OTHER
USD
CLP
USDCLP
Chilean Peso
782408
782408
782408
782408
782408
782408
782408
782408
782408
782408
782408
782408
782408
USD
JPY
USDJPY
Japanese Yen
113487
113487
113487
113487
113487
113487
113487
113487
113487
113487
113487
113487
113487
USD
KRW
USDKRW
Korean Won
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
USD
LTL
USDLTL
Lithuania Litas
309078
309078
309078
309078
309078
309078
309078
309078
309078
309078
309078
309078
309078
USD
MYR
USDMYR
Malaysia Ringgit
441155
441155
441155
441155
441155
441155
441155
441155
441155
441155
441155
441155
441155
USD
PGK
USDPGK
Papau NG Kina
378873
378873
378873
378873
378873
378873
378873
378873
378873
378873
378873
378873
378873
USD
PHP
USDPHP
Philippine Peso
528077
528077
528077
528077
528077
528077
528077
528077
528077
528077
528077
528077
528077
USD
TWD
USDTWD
Taiwanese Dollar
30877
30877
30877
30877
30877
30877
30877
30877
30877
30877
30877
30877
30877
USD
TRL
USDTRL
Turkish Lira
810623
810623
810623
810623
810623
810623
810623
810623
810623
810623
810623
810623
810623
USD
ZAR
USDZAR
So African Rand
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
USD
INR
USDINR
India Rupee
80399
80399
80399
80399
80399
80399
80399
80399
80399
80399
80399
80399
80399
USD
SAR
USDSAR
Saudi Arabia Riyal
412665
412665
412665
412665
412665
412665
412665
412665
412665
412665
412665
412665
412665
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
EUR
GBP
EURGBP
1 Euro to the Pound
099286
099286
099286
099286
099286
099286
099286
099286
099286
099286
099286
099286
099286
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
119218
119218
119218
119218
119218
119218
119218
119218
119218
119218
119218
119218
119218
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End - 2020
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
FROM
TO
Currency
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
AMERICAS
USD
ARS
USDARS
Argentine Peso
841411
841411
841411
841411
841411
841411
841411
841411
841411
841411
841411
841411
8720000
USD
BRL
USDBRL
Brazilian Real
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
543920
USD
COP
USDCOP
Colombian Peso
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
355800000
USD
PEN
USDPEN
Peru New Sol
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
364270
USD
BOB
USDBOB
Bolivian Boliviano
696
696
696
696
696
696
696
696
696
696
696
696
696000
USD
DOP
USDDOP
Dominican Rep Peso
57982
57982
57982
57982
57982
57982
57982
57982
57982
57982
57982
57982
5799800
USD
MXN
USDMXN
Mexico Peso
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
2035240
USD
CAD
USDCAD
Canadian Dollar
12745
12745
12745
12745
12745
12745
12745
12745
12745
12745
12745
12745
128700
EUROPE
EUR
USD
EURUSD
EURO
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
120970
USD
CHF
USDCHF
Swiss Franc
0882
0882
0882
0882
0882
0882
0882
0882
0882
0882
0882
0882
088960
GBP
USD
GBPUSD
Pound Sterling
13614
13614
13614
13614
13614
13614
13614
13614
13614
13614
13614
13614
137030
USD
PLN
USDPLN
Poland Zloty
37255
37255
37255
37255
37255
37255
37255
37255
37255
37255
37255
37255
375170
USD
CZK
USDCZK
Czech Koruna
213174
213174
213174
213174
213174
213174
213174
213174
213174
213174
213174
213174
2154860
USD
HUF
USDHUF
Hungary Forint
29693
29693
29693
29693
29693
29693
29693
29693
29693
29693
29693
29693
29639000
EUR
BRL
EURBRL
Brazilian Real
637882
637882
637882
637882
637882
637882
637882
637882
637882
637882
637882
637882
657980
USD
RUB
USDRUB
Russian Rouble
743399
743399
743399
743399
743399
743399
743399
743399
743399
743399
743399
743399
7617880
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
07698
07698
07698
07698
07698
07698
07698
07698
07698
07698
07698
07698
076430
NZD
USD
NZDUSD
New Zealand Dollar
07219
07219
07219
07219
07219
07219
07219
07219
07219
07219
07219
07219
071520
USD
CNY
USDCNY
China Renminbi
65301
65301
65301
65301
65301
65301
65301
65301
65301
65301
65301
65301
646100
USD
HKD
USDHKD
Hong Kong Dollar
77521
77521
77521
77521
77521
77521
77521
77521
77521
77521
77521
77521
775270
USD
IDR
USDIDR
Indonesian Rupiah
14040
14040
14040
14040
14040
14040
14040
14040
14040
14040
14040
14040
1403000000
USD
SGD
USDSGD
Singapore Dollar
13228
13228
13228
13228
13228
13228
13228
13228
13228
13228
13228
13228
133130
USD
VND
USDVND
Viecirct Nam dong
23083
23083
23083
23083
23083
23083
23083
23083
23083
23083
23083
23083
2305200000
USD
THB
USDTHB
Thailand Baht
2994
2994
2994
2994
2994
2994
2994
2994
2994
2994
2994
2994
2998400
OTHER
USD
CLP
USDCLP
Chilean Peso
71128
71128
71128
71128
71128
71128
71128
71128
71128
71128
71128
71128
73815000
USD
JPY
USDJPY
Japanese Yen
10317
10317
10317
10317
10317
10317
10317
10317
10317
10317
10317
10317
10452000
USD
KRW
USDKRW
Korean Won
108461
108461
108461
108461
108461
108461
108461
108461
108461
108461
108461
108461
111940000
USD
LTL
USDLTL
Lithuania Litas
28098
28098
28098
28098
28098
28098
28098
28098
28098
28098
28098
28098
285390
USD
MYR
USDMYR
Malaysia Ringgit
40105
40105
40105
40105
40105
40105
40105
40105
40105
40105
40105
40105
405350
USD
PGK
USDPGK
Papau NG Kina
34443
34443
34443
34443
34443
34443
34443
34443
34443
34443
34443
34443
348640
USD
PHP
USDPHP
Philippine Peso
48007
48007
48007
48007
48007
48007
48007
48007
48007
48007
48007
48007
4807500
USD
TWD
USDTWD
Taiwanese Dollar
2807
2807
2807
2807
2807
2807
2807
2807
2807
2807
2807
2807
2803300
USD
TRL
USDTRL
Turkish Lira
73693
73693
73693
73693
73693
73693
73693
73693
73693
73693
73693
73693
736220
USD
ZAR
USDZAR
So African Rand
146144
146144
146144
146144
146144
146144
146144
146144
146144
146144
146144
146144
1526290
USD
INR
USDINR
India Rupee
7309
7309
7309
7309
7309
7309
7309
7309
7309
7309
7309
7309
7298750
USD
SAR
USDSAR
Saudi Arabia Riyal
37515
37515
37515
37515
37515
37515
37515
37515
37515
37515
37515
37515
375070
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
106635
106635
106635
106635
106635
106635
106635
106635
106635
106635
106635
106635
106865
EUR
GBP
EURGBP
1 Euro to the Pound
09026
09026
09026
09026
09026
09026
09026
09026
09026
09026
09026
09026
088280
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
10838
10838
10838
10838
10838
10838
10838
10838
10838
10838
10838
10838
107615
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End - 2021
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
FROM
TO
Currency
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Average
High
Low
AMERICAS
USD
ARS
USDARS
Argentine Peso
872
8975
919508
934904
945289
956926
966403
977029
987036
9336949
9770290
8720000
8720000
USD
BRL
USDBRL
Brazilian Real
54392
55178
57736
53367
52372
49545
50795
51835
54132
537650
577360
495450
543920
USD
COP
USDCOP
Colombian Peso
3558
359681
372672
3709
372931
376071
3845
380625
383497
368009167
376071000
355800000
355800000
USD
PEN
USDPEN
Peru New Sol
36427
36475
37706
37846
38455
388
39266
40748
41279
376182
388000
364270
364270
USD
BOB
USDBOB
Bolivian Boliviano
696
696
696
696
696
696
696
696
696
696
696
696
696000
696000
696000
696000
USD
DOP
USDDOP
Dominican Rep Peso
57998
57789
56623
56594
56689
5686
56918
56775
56201
5709217
5799800
5659400
5799800
USD
MXN
USDMXN
Mexico Peso
203524
209672
206091
200331
199466
197926
198879
201029
204877
2028350
2096720
1979260
2035240
USD
CAD
USDCAD
Canadian Dollar
1287
12617
12622
12275
12079
1239
12449
12594
1273
124755
128700
120790
128700
EUROPE
EUR
USD
EURUSD
EURO
12097
12154
11707
12117
12185
119
11879
11819
11605
120267
121850
117070
120970
USD
CHF
USDCHF
Swiss Franc
08896
0906
09438
09089
08976
09213
0907
09154
09333
091120
094380
088960
088960
GBP
USD
GBPUSD
Pound Sterling
13703
13959
13724
1394
14195
13848
13947
13784
13448
138948
141950
137030
137030
USD
PLN
USDPLN
Poland Zloty
37517
37212
39797
37666
36836
37963
38455
38546
3987
378318
397970
368360
375170
USD
CZK
USDCZK
Czech Koruna
215486
215912
223301
213397
208705
214242
214644
21627
219734
2151738
2233010
2087050
2154860
USD
HUF
USDHUF
Hungary Forint
29639
29784
31019
29713
28557
29538
30086
29444
31033
29708333
31019000
28557000
29639000
EUR
BRL
EURBRL
Brazilian Real
65798
670633
675915
646648
638153
589586
603394
612638
628202
646486
675915
589586
657980
USD
RUB
USDRUB
Russian Rouble
761788
7454
757817
746046
734775
727608
7332
73398
72703
7455723
7617880
7276080
7617880
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
07643
0783
07597
07778
07742
07521
0739
07313
07203
076852
078300
075210
076430
NZD
USD
NZDUSD
New Zealand Dollar
07152
07345
06974
07245
07268
06996
07004
07037
06879
071633
073450
069740
071520
USD
CNY
USDCNY
China Renminbi
6461
6471
65632
64688
63682
64567
64587
64671
64682
646482
656320
636820
646100
USD
HKD
USDHKD
Hong Kong Dollar
77527
77551
7775
77639
77588
77652
77741
77846
77868
776178
777500
775270
775270
USD
IDR
USDIDR
Indonesian Rupiah
14030
14200
14540
14450
14290
14535
14455
14311
14320
1434083333
1454000000
1403000000
1403000000
USD
SGD
USDSGD
Singapore Dollar
13313
13286
13476
13267
1324
13447
13532
13444
13612
133382
134760
132400
133130
USD
VND
USDVND
Viecirct Nam dong
23052
23017
23074
23045
23046
23018
22958
22776
22758
2304200000
2307400000
2301700000
2305200000
USD
THB
USDTHB
Thailand Baht
29984
30312
31375
31189
31264
32016
32895
32321
33926
3102333
3201600
2998400
2998400
OTHER
USD
CLP
USDCLP
Chilean Peso
73815
7138
72993
7055
7286
72743
7596
78174
8091
72390167
73815000
70550000
73815000
USD
JPY
USDJPY
Japanese Yen
10452
10624
11084
10887
10987
11049
10951
10989
11195
10847167
11084000
10452000
10452000
USD
KRW
USDKRW
Korean Won
11194
11227
11327
11102
111449
112816
114796
116065
118543
112127500
113270000
111020000
111940000
USD
LTL
USDLTL
Lithuania Litas
28539
28403
29492
28495
28334
29013
29067
29214
29751
287127
294920
283340
285390
USD
MYR
USDMYR
Malaysia Ringgit
40535
405
41555
4103
4134
41525
4231
4153
4188
410808
415550
405000
405350
USD
PGK
USDPGK
Papau NG Kina
34864
34728
34072
34732
3452
34507
34072
34303
34616
345705
348640
340720
348640
USD
PHP
USDPHP
Philippine Peso
48075
48838
48563
48182
47862
48694
50209
49742
50893
4836900
4883800
4786200
4807500
USD
TWD
USDTWD
Taiwanese Dollar
28033
27826
28513
27891
27729
27896
2792
27742
27856
2798133
2851300
2772900
2803300
USD
TRL
USDTRL
Turkish Lira
73622
74188
83084
8199
84958
8731
84669
83658
89081
808587
873100
736220
736220
USD
ZAR
USDZAR
So African Rand
152629
15045
149365
142917
137698
143294
145603
146429
151236
1460588
1526290
1376980
1526290
USD
INR
USDINR
India Rupee
729875
73045
73485
7404
723725
74255
742875
732475
74345
7336417
7425500
7237250
7298750
USD
SAR
USDSAR
Saudi Arabia Riyal
37507
37502
37503
37501
37501
37504
37505
37507
37508
375030
375070
375010
375070
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
106865
106603
108933
107357
106522
107504
105511
103922
10471
107297
108933
106522
106865
EUR
GBP
EURGBP
1 Euro to the Pound
08828
087069
085303
086923
08584
085933
085172
085744
086295
086558
088280
085303
088280
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
107615
110115
110491
110131
109373
109635
107743
108191
108309
109560
110491
107615
107615
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End - 2020
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
FROM
TO
Currency
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Average
High
Low
AMERICAS
USD
ARS
USDARS
Argentine Peso
60246
621341
64464
6674
68439
703918
7225
739883
761102
782887
81058
841411
7152093
8414110
6024600
8720000
USD
BRL
USDBRL
Brazilian Real
42464
44903
51924
53342
54059
54023
5153
5387
56312
57774
53354
51911
521222
577740
424640
543920
USD
COP
USDCOP
Colombian Peso
34133
3499
405405
39217
369789
375371
372175
374842
388565
385525
360436
3419
371450667
405405000
341330000
355800000
USD
PEN
USDPEN
Peru New Sol
33647
34333
34365
33658
34365
35227
35117
35328
35971
36106
36017
36188
350268
361880
336470
364270
USD
BOB
USDBOB
Bolivian Boliviano
696
696
696
696
696
696
696
696
696
696
696
696
696000
696000
696000
690690
USD
DOP
USDDOP
Dominican Rep Peso
52674
53093
53678
54456
57275
58076
58335
57922
58038
5824
58155
57982
5649367
5833500
5267400
5799800
USD
MXN
USDMXN
Mexico Peso
187562
195268
239454
237426
221609
23033
220036
2178
224419
21368
200542
198866
2155827
2394540
1875620
2035240
USD
CAD
USDCAD
Canadian Dollar
13204
13444
14199
13865
13763
13663
13422
13082
13404
13312
1299
12745
134244
141990
127450
128700
EUROPE
EUR
USD
EURUSD
EURO
11024
10995
1101
10858
11098
11237
11893
11902
11734
11681
11969
12288
114741
122880
108580
120970
USD
CHF
USDCHF
Swiss Franc
09706
09676
09601
09747
09627
09516
09065
09042
09209
09145
09034
0882
093490
097470
088200
088960
GBP
USD
GBPUSD
Pound Sterling
13097
12882
12332
12465
12344
12298
13129
13339
12841
12916
13338
13614
128829
136140
122980
137030
USD
PLN
USDPLN
Poland Zloty
38927
3938
41288
41828
40114
39606
37075
36844
38614
39562
37441
37255
389945
418280
368440
375170
USD
CZK
USDCZK
Czech Koruna
22887
23066
247565
24932
242893
23819
220513
219209
231743
234209
218839
213174
2312654
2493200
2131740
2154860
USD
HUF
USDHUF
Hungary Forint
30568
30842
32569
32597
31455
31679
28997
29692
31108
31485
3018
29693
30905417
32597000
28997000
29639000
EUR
BRL
EURBRL
Brazilian Real
468123
493708
571683
579187
599947
607056
612846
641161
660765
674858
638594
637882
598818
674858
468123
657980
USD
RUB
USDRUB
Russian Rouble
631686
6665
793185
72783
70542
700054
731552
74037
789805
786921
760592
743399
7314428
7931850
6316860
7617880
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
06721
06524
0617
06562
06649
0688
07218
0735
07118
07045
0739
07698
069438
076980
061700
076430
NZD
USD
NZDUSD
New Zealand Dollar
06486
06237
06015
06144
06206
06422
06704
06726
06586
06626
07032
07219
065336
072190
060150
071520
USD
CNY
USDCNY
China Renminbi
69109
70114
70877
70547
71501
70671
69869
68515
68111
66829
65845
65301
689408
715010
653010
646100
USD
HKD
USDHKD
Hong Kong Dollar
7769
77978
77542
77505
77532
77503
77499
77502
775
77519
77511
77521
775668
779780
774990
775270
USD
IDR
USDIDR
Indonesian Rupiah
13650
14170
16335
14925
14650
14225
14530
14544
14850
14625
14080
14040
1455200000
1633500000
1365000000
1403000000
USD
SGD
USDSGD
Singapore Dollar
13618
13984
14243
14102
14133
13936
13698
13592
13689
13646
13372
13228
137701
142430
132280
133130
USD
VND
USDVND
Viecirct Nam dong
23221
23238
23633
23309
23280
23204
23171
23174
23183
23177
23143
23083
2323466667
2363300000
2308300000
2305200000
USD
THB
USDTHB
Thailand Baht
31112
31661
32624
32326
31825
30872
31199
31082
31671
312
30268
2994
3131500
3262400
2994000
2998400
OTHER
USD
CLP
USDCLP
Chilean Peso
79599
81441
85123
83475
8077
81928
75903
7783
7865
77228
767
71128
79147917
85123000
71128000
73815000
USD
JPY
USDJPY
Japanese Yen
10908
1089
10829
10654
10713
10773
10429
10563
10551
10435
10388
10317
10620833
10908000
10317000
10452000
USD
KRW
USDKRW
Korean Won
118807
121638
12195
120616
12371
1198
11885
118422
116833
112881
11056
108461
117710667
123710000
108461000
111940000
USD
LTL
USDLTL
Lithuania Litas
3132
31404
31355
31797
31105
30722
29031
29006
29423
29557
28845
28098
301386
317970
280980
285390
USD
MYR
USDMYR
Malaysia Ringgit
40875
4226
4295
4316
435
42795
42375
4163
4157
4158
4069
40105
419575
435000
401050
405350
USD
PGK
USDPGK
Papau NG Kina
33357
33234
34141
34056
33572
34503
33732
34018
34297
34648
34516
34443
340431
346480
332340
348640
USD
PHP
USDPHP
Philippine Peso
50894
51024
50757
5037
50585
49795
49032
48314
4842
4838
48118
48007
4947467
5102400
4800700
4807500
USD
TWD
USDTWD
Taiwanese Dollar
30232
3024
30253
2976
29983
29448
29333
29376
28985
28598
2855
2807
2940233
3025300
2807000
2803300
USD
TRL
USDTRL
Turkish Lira
59742
6216
65765
69528
68135
68476
69639
73286
78001
8311
7835
73693
708238
831100
597420
736220
USD
ZAR
USDZAR
So African Rand
147542
156154
179346
181579
174636
172523
167385
165789
169531
163508
152422
146144
1647133
1815790
1461440
1526290
USD
INR
USDINR
India Rupee
714525
7196
755575
75
75635
7553
747325
7335
738125
74105
740425
7309
7402229
7563500
7145250
7298750
USD
SAR
USDSAR
Saudi Arabia Riyal
37516
37516
37587
37572
37551
37506
37506
37503
37508
37501
37505
37515
375238
375870
375010
375070
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
103623
104602
102577
106803
107138
107132
107667
109277
108078
106324
105091
106635
106246
109277
102577
106865
EUR
GBP
EURGBP
1 Euro to the Pound
084172
085352
08928
087108
089906
091373
090586
089227
091379
090438
089736
09026
089068
091379
084172
088280
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
106999
106388
105707
105833
10684
106931
10781
107618
108058
106823
108128
10838
107126
108380
105707
107615
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End - 2019
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
FROM
TO
Currency
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Average
High
Low
AMERICAS
USD
ARS
USDARS
Argentine Peso
3741050
3878
43635
4432
4454500
42675
43935
578655
5732
596945
597375
5985
4956573
5985000
3741050
8720000
USD
BRL
USDBRL
Brazilian Real
367900
37287
39005
39413
398090
38194
37903
41696
41571
39899
42107
40214
394617
421070
367900
543920
USD
COP
USDCOP
Colombian Peso
316290000
306967
317552
325128
336260000
319593
330106
343599
345776
338689
350988
328075
329342091
350988000
306967000
355800000
USD
PEN
USDPEN
Peru New Sol
335150
32958
33195
33099
336450
32892
32855
33937
33805
33433
33932
33148
333426
339370
328550
364270
USD
BOB
USDBOB
Bolivian Boliviano
696000
696
696
696
696
696
696
696
696
696
696
696
696000
696000
696000
690690
USD
DOP
USDDOP
Dominican Rep Peso
5030900
50171
5028
50701
5028500
50643
5072
50774
524
5281
52856
5295
5132855
5295000
5017100
5799800
USD
MXN
USDMXN
Mexico Peso
1913710
191613
193584
190288
1955140
191857
190491
201595
196839
190735
195127
189251
1929774
2015950
1892510
2035240
USD
CAD
USDCAD
Canadian Dollar
131290
13154
13438
13461
135380
13097
13138
13301
13234
13158
13286
13051
132225
134610
130510
128700
EUROPE
EUR
USD
EURUSD
EURO
115040
11377
1123
11189
111280
11362
11155
11047
10936
11164
1101
11202
111978
115040
109360
120970
USD
CHF
USDCHF
Swiss Franc
099260
09986
09959
1019
100530
09755
09911
09873
09911
09872
09985
09679
099134
101900
096790
088960
GBP
USD
GBPUSD
Pound Sterling
131260
13303
13068
12944
126070
12668
1216
12183
12296
12926
12912
13118
127913
133030
121600
137030
USD
PLN
USDPLN
Poland Zloty
372470
37912
38234
38356
385280
37408
38524
39704
40057
38128
39233
37958
384328
400570
372470
375170
USD
CZK
USDCZK
Czech Koruna
2238300
22522
22965
22923
2320450
22385
230019
234362
23629
228556
232165
226645
2290743
2362900
2238300
2154860
USD
HUF
USDHUF
Hungary Forint
27437000
27792
28516
28878
29197000
28494
29349
29989
30652
29494
30499
29533
29148455
30652000
27437000
29639000
EUR
BRL
EURBRL
Brazilian Real
423232
424214
438026
440992
442995
43396
422808
460616
45462
445432
463598
450477
441634
463598
422808
657980
USD
RUB
USDRUB
Russian Rouble
6538700
657042
647791
644333
6525850
630529
63485
66505
645088
637495
640362
619672
6432802
6650500
6196720
7617880
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
072670
07144
0709
07045
069180
0701
06897
06717
06755
06923
06775
07005
069662
072670
067170
076430
NZD
USD
NZDUSD
New Zealand Dollar
069140
06847
06789
06665
065110
06699
06599
06298
06268
06424
06422
06729
066049
069140
062680
071520
USD
CNY
USDCNY
China Renminbi
669840
6681
67244
67368
690830
68727
68809
71506
71231
70384
70321
69759
690130
715060
668100
646100
USD
HKD
USDHKD
Hong Kong Dollar
784480
78494
78499
7845
784690
781
78254
78451
7841
78354
78269
77845
783249
784990
778450
775270
USD
IDR
USDIDR
Indonesian Rupiah
13980
14065
14230
14225
1437300000
14125
14008
14225
14170
14008
14110
13870
1409236364
1423000000
1387000000
1403000000
USD
SGD
USDSGD
Singapore Dollar
134590
13486
13556
1362
137870
13536
13692
13884
13815
13604
13663
13471
136169
138840
134590
133130
USD
VND
USDVND
Viecirct Nam dong
23199
23198
23175
23280
2341300000
23299
23200
23195
23201
23199
23195
23172
2321027273
2329900000
2317200000
2305200000
USD
THB
USDTHB
Thailand Baht
3123900
31461
31808
31933
3177500
30743
30772
30637
30587
30187
30229
2987
3086055
3193300
2987000
2998400
OTHER
USD
CLP
USDCLP
Chilean Peso
66726000
65056
68319
67936
70901000
67977
70109
72096
72652
73834
82799
75163
71151545
82799000
65056000
73815000
USD
JPY
USDJPY
Japanese Yen
10880000
11089
11072
11149
10896000
10764
10854
10636
10788
10866
10947
10869
10901273
11149000
10636000
10452000
USD
KRW
USDKRW
Korean Won
111040000
111855
113511
11641
119060000
11562
11805
12081
119827
11608
11812
115568
116081000
120810000
111040000
111940000
USD
LTL
USDLTL
Lithuania Litas
300140
30349
30745
30856
310260
30387
30953
31255
31572
30925
31359
30822
308397
315720
300140
285390
USD
MYR
USDMYR
Malaysia Ringgit
408600
4069
40815
4134
419650
4141
4127
4221
4186
41755
4171
4092
413491
422100
406900
405350
USD
PGK
USDPGK
Papau NG Kina
328410
32841
32895
32841
328950
33003
33113
33167
33321
33177
3329
33768
331143
337680
328410
348640
USD
PHP
USDPHP
Philippine Peso
5205600
51729
52593
52025
5225500
51209
5081
5216
51763
50764
50809
5068
5150891
5259300
5068000
4807500
USD
TWD
USDTWD
Taiwanese Dollar
3066600
30794
3085
30925
3161500
31006
31082
31321
3103
30395
30525
29981
3077955
3132100
2998100
2803300
USD
TRL
USDTRL
Turkish Lira
521710
53184
55715
59545
590660
5776
55591
58369
56673
5707
57589
59483
566500
595450
521710
736220
USD
ZAR
USDZAR
So African Rand
1331760
13933
145893
143317
1481780
141702
141787
15335
151298
149581
147129
141242
1443459
1533500
1331760
1526290
USD
INR
USDINR
India Rupee
7099750
71135
690775
6982
6977250
689725
68865
7174
7064
70745
716975
712825
7045205
7174000
6886500
7298750
USD
SAR
USDSAR
Saudi Arabia Riyal
375030
375
37501
37501
375000
375
37503
37499
37513
37501
37497
37507
375023
375130
374970
375070
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
105106
104338
104434
105701
106251
104642
104516
106653
10777
107768
105497
104102
105502
107770
104102
106865
EUR
GBP
EURGBP
1 Euro to the Pound
087643
085522
085935
086442
088268
089691
091735
090676
088939
086369
08527
085394
087601
091735
085270
088280
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
114189
113611
11184
114016
111870
110836
110557
109067
108387
110211
109935
108424
111007
114189
108387
107615
6
GLASS IS AN ATTRACTIVE MARKET
16
35
21 20
04
26
20 20
13
32
00
05
10
15
20
25
30
35
40
45
GLOBE LATINAMERICA
EUROPE NORTHAMERICA
ASIA PACIFIC
PROJECTED PACKAGING GROWTH (2022-2024)
GLASS VOLUME GROWTH ALL PACKAGING VOLUME GROWTH
Source EuromonitorSource Euromonitor ndash Glass Packaging Consumption in Units (Beverages = total premise Food and hot drinks = retailoff-premise)Base 2021F 3YR CAGR 2022F-2024F Includes 54 countries
NORTH AMERICAN PACKAGING LANES
While flat during the austerity era glass is expected to grow 16 CAGR as trends accelerate
HIGH GLASS AFFINITY CATEGORIES13 of beverage consumptionSpirits wine premium beer RTD coffee etc
MEDIUM GLASS AFFINITY CATEGORIES51 of beverage consumptionSoft drinks mainstream beer RTD Teas FMBrsquos etc
LOW GLASS AFFINITY CATEGORIES36 of beverage consumptionBottled water energy drinks sports drinks etc
Packaging substrates play in different lanesGlass is highly focused on premium and certain mainstream categories
Plastics and Aluminum are highly focused on value and other mainstream categoriesO-Irsquos CORE MARKETS
FMB = Flavored Malt Beverage6
~ 77 of glass demand
~ 22 of glass demand
~ 1 of glass demand
7
SUBSTANTIAL PROGRESS TRANSFORMING O-I
1 SIMPLE AGILE EFFECTIVE amp ADAPTABLE ORGANIZATION INTEGRATED BUSINESS PLANNING ALIGNED WITH STRATEGY
WITH PREMIUM TECHNOLOGYInvesting up to $680M to expand 700KT2 (5 ndash 6) capacity
bull $100M on previously announced Heritage brownfield in Andean
bull $580M in 4 markets with up to 11 MAGMA lines
bull Deployment 2022-2024
20 average IRR
US Spirits(up to 3 MAGMA lines)
BRAZIL Beer NAB Spirits(up to 3 MAGMA Lines)
UK Spirits(up to 2 MAGMA Lines)
CAN Premium Beer(1 Line Extension)
MAGMA Greenfield Expansion
Heritage Brownfield Expansion
Line Extension
COLOMBIA Beer NAB(1 Heritage furnace)
PERU Beer NAB(up to 3 MAGMA Lines)
1 Gross of divestitures and net of capacity realignment2 Approximately 600-650KT net expansion considering capacity realignment
10
CAPITAL REDEPLOYMENT TO FUND GROWTH
$15B portfolio optimization program to fund MAGMA expansion and improve ROIC
1500
810690
$0
$200
$400
$600
$800
$1000
$1200
$1400
$1600
$1800
Proceeds fromDivestiture
Investment in Expansion Available for DebtReduction
($M
)
PORTFOLIO OPTIMIZATION PROGRAM (2019-2024)
gt 15 IRR ~ 07x lower Leverage Ratio
Current Status
REINVEST IN PROFITABLE GROWTH
IMPROVE CAPITAL
STRUCTURE
OPTIMIZE BUSINESS
PORTFOLIO
REALIGN THE
BUSINESS
O-I HAS DEPRIORITIZED INORGANIC GROWTH GIVEN GROWING COMMERCIAL PIPELINE AND MAGMArsquoS UNIQUE CAPABILITIES
1 Volume Growth Targets are gross of divestitures and net of capacity realignment2 aEPS excludes certain items management considers not representative of ongoing operations3 FCF represents Cash Flow from Operations less Capital Expenditures excluding any impact from potential funding of Paddock 524(g) trust4 Leverage ratio as defined by the companyrsquos Bank Credit Agreement (BCA) 2021 excludes any impact of potential funding of Paddock 524(g)5 aFCF reflects Cash Flow from Operations less Maintenance Capex and excludes expected one-time cash funding of Paddock 524(g) trust
2021Outlook as of November 30 2021
bull Volume1 up 4+ in FY21o 4Q21QTD up ~2 vs ~ flat guidance
bull aEPS2 $177-$182 in FY21o $030-$035 in 4Q21 102221 FXo Omicron undetermined
bull FCF3 ge $260M in FY21
bull Leverage4 ldquohigh 3rsquosrdquo at FYE21
2022Prelim Thoughts as of October 26 2021
bull Volume1 up 0-1o Limited risk that system wide inflation
will slow down demand due to stable food and beverage market channel shift resilience focus on premium categories and glass capacity constraints in many markets
bull Highly confident 2022 net price will recover unfav 2021 spread
bull $50M benefit from initiatives
bull Cap Ex $650M-$700Mo Elevated CapEx funded by proceeds
from Portfolio Optimization program
2024Targets from September 28 2021 I-Day
bull Volume1 1-2 CAGR 2022-2024
bull aEPS2 $220-$240 in 2024o Strong earnings momentum from
expansion programs heading into 2025
bull aFCF5 $400M-$450M in 2024
bull Leverage4 ~ 35x by end of 2024
BUSINESS OUTLOOK
11
12
O-I SUSTAINABILITY GOALS
Increase recycled content to 50 average by 2030 O-I is taking a tailored approach to increase recycled content rates across its enterprise network as rates vary significantly by geography
Approved SBTi target to reduce GHG emissions 25 by 2030 (interim target of 10 by 2025)
As part of our journey toward zero injuries we are committed to a 50 improvement of our Total Recordable Incident Rate (TRIR) by 2030
Reduce the amount of natural resource used and reduce the generation of waste by reuse and recycling as we drive towards a Zero Waste organization
Renewable energy is a pillar in our strategy to lower carbon emissions Our goal is to reach 40 renewable energy use by 2030 and to reduce total energy consumption by 9
We see tremendous opportunity to positively impact the planet and communities where we operate We will collaborate with customers NGOs suppliers and local leaders to make glass recycling available in 100 of our locations
Achieve sustainability balance together by aligning our supply chain with our 2030 sustainability vision and goals
We are committed to reducing our global water usage 25 by 2030 prioritizing operations in higher risk areas
Reinvent and re-imagine glassmaking ndash where the circularity of glass meets the potential of our MAGMA melting technology low-carbon alternative fuels and light-weighted glass packaging
Create a diverse and inclusive environment where people feel welcomed to create a better future for themselves each other and O-I We are focused on increasing all aspects of diversity across our team
13
CONCLUSION O-I IS AN ATTRACTIVE INVESTMENT
TRANSFORMATIONIMPROVES MARGINS EARNINGS amp ROIC
RESOLUTION OF LEGACY LIABILITIES
REDUCES RISK amp IMPROVES CASH
FLOW CONVERSION
MAGMAWILL UNLOCK SIGNIFICANT
GROWTH
OPPORTUNITY FOR HIGHER VALUATION
THROUGH SOLID EXECUTION AND
PROFITABLE GROWTH
MARKET INNOVATION amp
ESG LEADER IN THE ATTRACTIVE
GLASS SEGMENT
APPENDIX
15
PADDOCK CHAPTER 11 ndash PROGRESS AND UPDATE1
COMPLETEDCURRENTbull Phase 1 Paddock files for bankruptcy protection in Delaware and obtains initial reliefbull Phase II Paddock informally negotiates with the Asbestos Claimantsrsquo Committee and Future Claimants Representative
fiduciaries for current and future asbestos claimantsbull Phase III Paddock enters formal court-ordered mediation with Asbestos Claimantsrsquo Committee and Future Claimants
Representativebull Phase IV Paddock accepts a mediatorrsquos proposal which results in an agreement-in-principle of the material terms of a
plan of reorganization for Paddock containing a channeling injunction protecting Paddock O-I Glass and affiliatesbull Phase V Paddock Asbestos Claimantsrsquo Committee and Future Claimants Representative negotiate and finalize definitive
documents comprising Plan of Reorganization Disclosure Statement exhibits and Voting-related documents
REMAININGbull Phase VI Paddock files Plan of Reorganization Disclosure Statement and Voting-related documents with Bankruptcy
Court which then approves disclosure and voting materials and sets voting deadlinebull Phase VII Paddock solicits votes from asbestos claimants and obtains at least 75 approval of asbestos claimants who
actually votebull Phase VIII Bankruptcy Court confirms the Plan District Court affirms the Confirmation Order and Paddock emerges
from bankruptcy and funds the Asbestos Trust
1 Although the above description represents what has occurred and what O-I Glass currently anticipates is likely to occur in Paddockrsquos chapter 11 case O-I Glass makes no representation or guarantee that Paddockrsquos actual plan process will not deviate from or contain steps in addition to the steps set forth above
Current Status
16
SEGMENT FX IMPACT ON EARNINGS
APPROXIMATE ANNUAL IMPACT ON FX RATES AT KEY POINTSEPS FROM 10 FX CHANGE Oct 22 AVG AVG AVG AVG
The company uses certain non-GAAP financial measures which are measures of its historical or future financial performance that are not calculated and presented in accordance with GAAP within the meaning of applicable SEC rules Management believes that its presentation and use of certain non-GAAP financial measures including adjusted earnings adjusted earnings per share adjusted free cash flow free cash flow net debt and credit agreement EBITDA provide relevant and useful supplemental financial information that is widely used by analysts and investors as well as by management in assessing both consolidated and business unit performance These non-GAAP measures should be considered supplemental in nature and should not be considered in isolation or be construed as being more important than comparable GAAP measures
Adjusted earnings relates to net earnings from continuing operations attributable to the company exclusive of items management considers not representative of ongoing operations because such items are not reflective of the companyrsquos principal business activity which is glass container production Adjusted earnings are divided by weighted average shares outstanding (diluted) to derive adjusted earnings per share Management uses adjusted earnings and adjusted earnings per share to evaluate its period-over-period operating performance because it believes these provide useful supplemental measures of the results of operations of its principal business activity by excluding items that are not reflective of such operations Adjusted earnings and adjusted earnings per share may be useful to investors in evaluating the underlying operating performance of the companyrsquos business as these measures eliminate items that are not reflective of its principal business activity
Leverage ratio is defined as net debt divided by credit agreement EBITDA (as defined in the Companyrsquos bank credit agreement) Net debt is defined as total debt less cash Management uses net debt to analyze the liquidity of the company Further free cash flow relates to cash provided by continuing operating activities less cash payments for property plant and equipment Management has historically used free cash flow to evaluate its period-over-period cash generation performance because it believes this has provided a useful supplemental measure related to its principal business activity Adjusted free cash flow relates to cash provided by operating activities less cash payments for property plant and equipment that are related to maintenance activities and exclude the expected one-tine cash payment of the Paddock 524(g) trust Management uses non-GAAP information principally for internal reporting forecasting budgeting and calculating compensation payments
The Company routinely posts important information on its website at o-icominvestors
NON-GAAP FINANCIAL MEASURES
18
ADDITIONAL RECONCILIATIONS
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures free cash flow and adjusted free cash flow for all periods after December 31 2021 to its most directly comparable US GAAP financial measure Cash provided by operating activities without unreasonable effort This is due to potentially high variability complexity and low visibility in the relevant future periods of components of cash provided by operating activities and cash spent on property plant and equipment as well as items that would be excluded from cash provided by operating activities The variability of these excluded items and other components of cash provided by operating activities may have a significant and potentially unpredictable impact on the Companys future financial results
Unaudited Forecasted Year EndedDecember 31 2021
Cash provided by operating activities 660$ Cash payments for maintenance-related property plant and equipment 310 Adjusted Free Cash Flow (non-GAAP) 350$
Cash payments for strategic-related property plant and equipment 90Free Cash Flow (non-GAAP) 260$
For the year ending December 31 2021 and all periods after the Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measure net debt divided by Credit Agreement EBITDA to its most directly comparable US GAAP financial measure Net Earnings because management can not reliably predict all of the necessary components of this US GAAP financial measure without unreasonable efforts Net Earnings includes several significant items such as restructuring asset impairment and other charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar non-GAAP adjustments are inherently unpredictable as to if and when they may occur The inability to provide a reconciliation is due to that unpredictability and the related difficulties in assessing the potential financial impact of the non-GAAP adjustments For the same reasons the Company is unable to address the probable significance of the unavailable information which could be material to the Companyrsquos future financial results
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures adjusted earnings and adjusted earnings per share for the year ending December 31 2021 and all periods after to its most directly comparable GAAP financial measure earnings from operations attributable to the Company because management cannot reliably predict all of the necessary components of the GAAP financial measures without unreasonable efforts Earnings from operations attributable to the Company includes several significant items such as restructuring charges asset impairment charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar items are complex and inherently unpredictable and the amount recognized for each item can vary significantly Accordingly the Company is unable to provide a reconciliation of adjusted earnings and adjusted earnings per share to earnings from operations attributable to the Company or address the probable significance of the unavailable information which could be material to the Companys future financial results
WITH PREMIUM TECHNOLOGYInvesting up to $680M to expand 700KT2 (5 ndash 6) capacity
bull $100M on previously announced Heritage brownfield in Andean
bull $580M in 4 markets with up to 11 MAGMA lines
bull Deployment 2022-2024
20 average IRR
US Spirits(up to 3 MAGMA lines)
BRAZIL Beer NAB Spirits(up to 3 MAGMA Lines)
UK Spirits(up to 2 MAGMA Lines)
CAN Premium Beer(1 Line Extension)
MAGMA Greenfield Expansion
Heritage Brownfield Expansion
Line Extension
COLOMBIA Beer NAB(1 Heritage furnace)
PERU Beer NAB(up to 3 MAGMA Lines)
1 Gross of divestitures and net of capacity realignment2 Approximately 600-650KT net expansion considering capacity realignment
10
CAPITAL REDEPLOYMENT TO FUND GROWTH
$15B portfolio optimization program to fund MAGMA expansion and improve ROIC
1500
810690
$0
$200
$400
$600
$800
$1000
$1200
$1400
$1600
$1800
Proceeds fromDivestiture
Investment in Expansion Available for DebtReduction
($M
)
PORTFOLIO OPTIMIZATION PROGRAM (2019-2024)
gt 15 IRR ~ 07x lower Leverage Ratio
Current Status
REINVEST IN PROFITABLE GROWTH
IMPROVE CAPITAL
STRUCTURE
OPTIMIZE BUSINESS
PORTFOLIO
REALIGN THE
BUSINESS
O-I HAS DEPRIORITIZED INORGANIC GROWTH GIVEN GROWING COMMERCIAL PIPELINE AND MAGMArsquoS UNIQUE CAPABILITIES
1 Volume Growth Targets are gross of divestitures and net of capacity realignment2 aEPS excludes certain items management considers not representative of ongoing operations3 FCF represents Cash Flow from Operations less Capital Expenditures excluding any impact from potential funding of Paddock 524(g) trust4 Leverage ratio as defined by the companyrsquos Bank Credit Agreement (BCA) 2021 excludes any impact of potential funding of Paddock 524(g)5 aFCF reflects Cash Flow from Operations less Maintenance Capex and excludes expected one-time cash funding of Paddock 524(g) trust
2021Outlook as of November 30 2021
bull Volume1 up 4+ in FY21o 4Q21QTD up ~2 vs ~ flat guidance
bull aEPS2 $177-$182 in FY21o $030-$035 in 4Q21 102221 FXo Omicron undetermined
bull FCF3 ge $260M in FY21
bull Leverage4 ldquohigh 3rsquosrdquo at FYE21
2022Prelim Thoughts as of October 26 2021
bull Volume1 up 0-1o Limited risk that system wide inflation
will slow down demand due to stable food and beverage market channel shift resilience focus on premium categories and glass capacity constraints in many markets
bull Highly confident 2022 net price will recover unfav 2021 spread
bull $50M benefit from initiatives
bull Cap Ex $650M-$700Mo Elevated CapEx funded by proceeds
from Portfolio Optimization program
2024Targets from September 28 2021 I-Day
bull Volume1 1-2 CAGR 2022-2024
bull aEPS2 $220-$240 in 2024o Strong earnings momentum from
expansion programs heading into 2025
bull aFCF5 $400M-$450M in 2024
bull Leverage4 ~ 35x by end of 2024
BUSINESS OUTLOOK
11
12
O-I SUSTAINABILITY GOALS
Increase recycled content to 50 average by 2030 O-I is taking a tailored approach to increase recycled content rates across its enterprise network as rates vary significantly by geography
Approved SBTi target to reduce GHG emissions 25 by 2030 (interim target of 10 by 2025)
As part of our journey toward zero injuries we are committed to a 50 improvement of our Total Recordable Incident Rate (TRIR) by 2030
Reduce the amount of natural resource used and reduce the generation of waste by reuse and recycling as we drive towards a Zero Waste organization
Renewable energy is a pillar in our strategy to lower carbon emissions Our goal is to reach 40 renewable energy use by 2030 and to reduce total energy consumption by 9
We see tremendous opportunity to positively impact the planet and communities where we operate We will collaborate with customers NGOs suppliers and local leaders to make glass recycling available in 100 of our locations
Achieve sustainability balance together by aligning our supply chain with our 2030 sustainability vision and goals
We are committed to reducing our global water usage 25 by 2030 prioritizing operations in higher risk areas
Reinvent and re-imagine glassmaking ndash where the circularity of glass meets the potential of our MAGMA melting technology low-carbon alternative fuels and light-weighted glass packaging
Create a diverse and inclusive environment where people feel welcomed to create a better future for themselves each other and O-I We are focused on increasing all aspects of diversity across our team
13
CONCLUSION O-I IS AN ATTRACTIVE INVESTMENT
TRANSFORMATIONIMPROVES MARGINS EARNINGS amp ROIC
RESOLUTION OF LEGACY LIABILITIES
REDUCES RISK amp IMPROVES CASH
FLOW CONVERSION
MAGMAWILL UNLOCK SIGNIFICANT
GROWTH
OPPORTUNITY FOR HIGHER VALUATION
THROUGH SOLID EXECUTION AND
PROFITABLE GROWTH
MARKET INNOVATION amp
ESG LEADER IN THE ATTRACTIVE
GLASS SEGMENT
APPENDIX
15
PADDOCK CHAPTER 11 ndash PROGRESS AND UPDATE1
COMPLETEDCURRENTbull Phase 1 Paddock files for bankruptcy protection in Delaware and obtains initial reliefbull Phase II Paddock informally negotiates with the Asbestos Claimantsrsquo Committee and Future Claimants Representative
fiduciaries for current and future asbestos claimantsbull Phase III Paddock enters formal court-ordered mediation with Asbestos Claimantsrsquo Committee and Future Claimants
Representativebull Phase IV Paddock accepts a mediatorrsquos proposal which results in an agreement-in-principle of the material terms of a
plan of reorganization for Paddock containing a channeling injunction protecting Paddock O-I Glass and affiliatesbull Phase V Paddock Asbestos Claimantsrsquo Committee and Future Claimants Representative negotiate and finalize definitive
documents comprising Plan of Reorganization Disclosure Statement exhibits and Voting-related documents
REMAININGbull Phase VI Paddock files Plan of Reorganization Disclosure Statement and Voting-related documents with Bankruptcy
Court which then approves disclosure and voting materials and sets voting deadlinebull Phase VII Paddock solicits votes from asbestos claimants and obtains at least 75 approval of asbestos claimants who
actually votebull Phase VIII Bankruptcy Court confirms the Plan District Court affirms the Confirmation Order and Paddock emerges
from bankruptcy and funds the Asbestos Trust
1 Although the above description represents what has occurred and what O-I Glass currently anticipates is likely to occur in Paddockrsquos chapter 11 case O-I Glass makes no representation or guarantee that Paddockrsquos actual plan process will not deviate from or contain steps in addition to the steps set forth above
Current Status
16
SEGMENT FX IMPACT ON EARNINGS
APPROXIMATE ANNUAL IMPACT ON FX RATES AT KEY POINTSEPS FROM 10 FX CHANGE Oct 22 AVG AVG AVG AVG
The company uses certain non-GAAP financial measures which are measures of its historical or future financial performance that are not calculated and presented in accordance with GAAP within the meaning of applicable SEC rules Management believes that its presentation and use of certain non-GAAP financial measures including adjusted earnings adjusted earnings per share adjusted free cash flow free cash flow net debt and credit agreement EBITDA provide relevant and useful supplemental financial information that is widely used by analysts and investors as well as by management in assessing both consolidated and business unit performance These non-GAAP measures should be considered supplemental in nature and should not be considered in isolation or be construed as being more important than comparable GAAP measures
Adjusted earnings relates to net earnings from continuing operations attributable to the company exclusive of items management considers not representative of ongoing operations because such items are not reflective of the companyrsquos principal business activity which is glass container production Adjusted earnings are divided by weighted average shares outstanding (diluted) to derive adjusted earnings per share Management uses adjusted earnings and adjusted earnings per share to evaluate its period-over-period operating performance because it believes these provide useful supplemental measures of the results of operations of its principal business activity by excluding items that are not reflective of such operations Adjusted earnings and adjusted earnings per share may be useful to investors in evaluating the underlying operating performance of the companyrsquos business as these measures eliminate items that are not reflective of its principal business activity
Leverage ratio is defined as net debt divided by credit agreement EBITDA (as defined in the Companyrsquos bank credit agreement) Net debt is defined as total debt less cash Management uses net debt to analyze the liquidity of the company Further free cash flow relates to cash provided by continuing operating activities less cash payments for property plant and equipment Management has historically used free cash flow to evaluate its period-over-period cash generation performance because it believes this has provided a useful supplemental measure related to its principal business activity Adjusted free cash flow relates to cash provided by operating activities less cash payments for property plant and equipment that are related to maintenance activities and exclude the expected one-tine cash payment of the Paddock 524(g) trust Management uses non-GAAP information principally for internal reporting forecasting budgeting and calculating compensation payments
The Company routinely posts important information on its website at o-icominvestors
NON-GAAP FINANCIAL MEASURES
18
ADDITIONAL RECONCILIATIONS
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures free cash flow and adjusted free cash flow for all periods after December 31 2021 to its most directly comparable US GAAP financial measure Cash provided by operating activities without unreasonable effort This is due to potentially high variability complexity and low visibility in the relevant future periods of components of cash provided by operating activities and cash spent on property plant and equipment as well as items that would be excluded from cash provided by operating activities The variability of these excluded items and other components of cash provided by operating activities may have a significant and potentially unpredictable impact on the Companys future financial results
Unaudited Forecasted Year EndedDecember 31 2021
Cash provided by operating activities 660$ Cash payments for maintenance-related property plant and equipment 310 Adjusted Free Cash Flow (non-GAAP) 350$
Cash payments for strategic-related property plant and equipment 90Free Cash Flow (non-GAAP) 260$
For the year ending December 31 2021 and all periods after the Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measure net debt divided by Credit Agreement EBITDA to its most directly comparable US GAAP financial measure Net Earnings because management can not reliably predict all of the necessary components of this US GAAP financial measure without unreasonable efforts Net Earnings includes several significant items such as restructuring asset impairment and other charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar non-GAAP adjustments are inherently unpredictable as to if and when they may occur The inability to provide a reconciliation is due to that unpredictability and the related difficulties in assessing the potential financial impact of the non-GAAP adjustments For the same reasons the Company is unable to address the probable significance of the unavailable information which could be material to the Companyrsquos future financial results
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures adjusted earnings and adjusted earnings per share for the year ending December 31 2021 and all periods after to its most directly comparable GAAP financial measure earnings from operations attributable to the Company because management cannot reliably predict all of the necessary components of the GAAP financial measures without unreasonable efforts Earnings from operations attributable to the Company includes several significant items such as restructuring charges asset impairment charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar items are complex and inherently unpredictable and the amount recognized for each item can vary significantly Accordingly the Company is unable to provide a reconciliation of adjusted earnings and adjusted earnings per share to earnings from operations attributable to the Company or address the probable significance of the unavailable information which could be material to the Companys future financial results
WITH PREMIUM TECHNOLOGYInvesting up to $680M to expand 700KT2 (5 ndash 6) capacity
bull $100M on previously announced Heritage brownfield in Andean
bull $580M in 4 markets with up to 11 MAGMA lines
bull Deployment 2022-2024
20 average IRR
US Spirits(up to 3 MAGMA lines)
BRAZIL Beer NAB Spirits(up to 3 MAGMA Lines)
UK Spirits(up to 2 MAGMA Lines)
CAN Premium Beer(1 Line Extension)
MAGMA Greenfield Expansion
Heritage Brownfield Expansion
Line Extension
COLOMBIA Beer NAB(1 Heritage furnace)
PERU Beer NAB(up to 3 MAGMA Lines)
1 Gross of divestitures and net of capacity realignment2 Approximately 600-650KT net expansion considering capacity realignment
10
CAPITAL REDEPLOYMENT TO FUND GROWTH
$15B portfolio optimization program to fund MAGMA expansion and improve ROIC
1500
810690
$0
$200
$400
$600
$800
$1000
$1200
$1400
$1600
$1800
Proceeds fromDivestiture
Investment in Expansion Available for DebtReduction
($M
)
PORTFOLIO OPTIMIZATION PROGRAM (2019-2024)
gt 15 IRR ~ 07x lower Leverage Ratio
Current Status
REINVEST IN PROFITABLE GROWTH
IMPROVE CAPITAL
STRUCTURE
OPTIMIZE BUSINESS
PORTFOLIO
REALIGN THE
BUSINESS
O-I HAS DEPRIORITIZED INORGANIC GROWTH GIVEN GROWING COMMERCIAL PIPELINE AND MAGMArsquoS UNIQUE CAPABILITIES
1 Volume Growth Targets are gross of divestitures and net of capacity realignment2 aEPS excludes certain items management considers not representative of ongoing operations3 FCF represents Cash Flow from Operations less Capital Expenditures excluding any impact from potential funding of Paddock 524(g) trust4 Leverage ratio as defined by the companyrsquos Bank Credit Agreement (BCA) 2021 excludes any impact of potential funding of Paddock 524(g)5 aFCF reflects Cash Flow from Operations less Maintenance Capex and excludes expected one-time cash funding of Paddock 524(g) trust
2021Outlook as of November 30 2021
bull Volume1 up 4+ in FY21o 4Q21QTD up ~2 vs ~ flat guidance
bull aEPS2 $177-$182 in FY21o $030-$035 in 4Q21 102221 FXo Omicron undetermined
bull FCF3 ge $260M in FY21
bull Leverage4 ldquohigh 3rsquosrdquo at FYE21
2022Prelim Thoughts as of October 26 2021
bull Volume1 up 0-1o Limited risk that system wide inflation
will slow down demand due to stable food and beverage market channel shift resilience focus on premium categories and glass capacity constraints in many markets
bull Highly confident 2022 net price will recover unfav 2021 spread
bull $50M benefit from initiatives
bull Cap Ex $650M-$700Mo Elevated CapEx funded by proceeds
from Portfolio Optimization program
2024Targets from September 28 2021 I-Day
bull Volume1 1-2 CAGR 2022-2024
bull aEPS2 $220-$240 in 2024o Strong earnings momentum from
expansion programs heading into 2025
bull aFCF5 $400M-$450M in 2024
bull Leverage4 ~ 35x by end of 2024
BUSINESS OUTLOOK
11
12
O-I SUSTAINABILITY GOALS
Increase recycled content to 50 average by 2030 O-I is taking a tailored approach to increase recycled content rates across its enterprise network as rates vary significantly by geography
Approved SBTi target to reduce GHG emissions 25 by 2030 (interim target of 10 by 2025)
As part of our journey toward zero injuries we are committed to a 50 improvement of our Total Recordable Incident Rate (TRIR) by 2030
Reduce the amount of natural resource used and reduce the generation of waste by reuse and recycling as we drive towards a Zero Waste organization
Renewable energy is a pillar in our strategy to lower carbon emissions Our goal is to reach 40 renewable energy use by 2030 and to reduce total energy consumption by 9
We see tremendous opportunity to positively impact the planet and communities where we operate We will collaborate with customers NGOs suppliers and local leaders to make glass recycling available in 100 of our locations
Achieve sustainability balance together by aligning our supply chain with our 2030 sustainability vision and goals
We are committed to reducing our global water usage 25 by 2030 prioritizing operations in higher risk areas
Reinvent and re-imagine glassmaking ndash where the circularity of glass meets the potential of our MAGMA melting technology low-carbon alternative fuels and light-weighted glass packaging
Create a diverse and inclusive environment where people feel welcomed to create a better future for themselves each other and O-I We are focused on increasing all aspects of diversity across our team
13
CONCLUSION O-I IS AN ATTRACTIVE INVESTMENT
TRANSFORMATIONIMPROVES MARGINS EARNINGS amp ROIC
RESOLUTION OF LEGACY LIABILITIES
REDUCES RISK amp IMPROVES CASH
FLOW CONVERSION
MAGMAWILL UNLOCK SIGNIFICANT
GROWTH
OPPORTUNITY FOR HIGHER VALUATION
THROUGH SOLID EXECUTION AND
PROFITABLE GROWTH
MARKET INNOVATION amp
ESG LEADER IN THE ATTRACTIVE
GLASS SEGMENT
APPENDIX
15
PADDOCK CHAPTER 11 ndash PROGRESS AND UPDATE1
COMPLETEDCURRENTbull Phase 1 Paddock files for bankruptcy protection in Delaware and obtains initial reliefbull Phase II Paddock informally negotiates with the Asbestos Claimantsrsquo Committee and Future Claimants Representative
fiduciaries for current and future asbestos claimantsbull Phase III Paddock enters formal court-ordered mediation with Asbestos Claimantsrsquo Committee and Future Claimants
Representativebull Phase IV Paddock accepts a mediatorrsquos proposal which results in an agreement-in-principle of the material terms of a
plan of reorganization for Paddock containing a channeling injunction protecting Paddock O-I Glass and affiliatesbull Phase V Paddock Asbestos Claimantsrsquo Committee and Future Claimants Representative negotiate and finalize definitive
documents comprising Plan of Reorganization Disclosure Statement exhibits and Voting-related documents
REMAININGbull Phase VI Paddock files Plan of Reorganization Disclosure Statement and Voting-related documents with Bankruptcy
Court which then approves disclosure and voting materials and sets voting deadlinebull Phase VII Paddock solicits votes from asbestos claimants and obtains at least 75 approval of asbestos claimants who
actually votebull Phase VIII Bankruptcy Court confirms the Plan District Court affirms the Confirmation Order and Paddock emerges
from bankruptcy and funds the Asbestos Trust
1 Although the above description represents what has occurred and what O-I Glass currently anticipates is likely to occur in Paddockrsquos chapter 11 case O-I Glass makes no representation or guarantee that Paddockrsquos actual plan process will not deviate from or contain steps in addition to the steps set forth above
Current Status
16
SEGMENT FX IMPACT ON EARNINGS
APPROXIMATE ANNUAL IMPACT ON FX RATES AT KEY POINTSEPS FROM 10 FX CHANGE Oct 22 AVG AVG AVG AVG
The company uses certain non-GAAP financial measures which are measures of its historical or future financial performance that are not calculated and presented in accordance with GAAP within the meaning of applicable SEC rules Management believes that its presentation and use of certain non-GAAP financial measures including adjusted earnings adjusted earnings per share adjusted free cash flow free cash flow net debt and credit agreement EBITDA provide relevant and useful supplemental financial information that is widely used by analysts and investors as well as by management in assessing both consolidated and business unit performance These non-GAAP measures should be considered supplemental in nature and should not be considered in isolation or be construed as being more important than comparable GAAP measures
Adjusted earnings relates to net earnings from continuing operations attributable to the company exclusive of items management considers not representative of ongoing operations because such items are not reflective of the companyrsquos principal business activity which is glass container production Adjusted earnings are divided by weighted average shares outstanding (diluted) to derive adjusted earnings per share Management uses adjusted earnings and adjusted earnings per share to evaluate its period-over-period operating performance because it believes these provide useful supplemental measures of the results of operations of its principal business activity by excluding items that are not reflective of such operations Adjusted earnings and adjusted earnings per share may be useful to investors in evaluating the underlying operating performance of the companyrsquos business as these measures eliminate items that are not reflective of its principal business activity
Leverage ratio is defined as net debt divided by credit agreement EBITDA (as defined in the Companyrsquos bank credit agreement) Net debt is defined as total debt less cash Management uses net debt to analyze the liquidity of the company Further free cash flow relates to cash provided by continuing operating activities less cash payments for property plant and equipment Management has historically used free cash flow to evaluate its period-over-period cash generation performance because it believes this has provided a useful supplemental measure related to its principal business activity Adjusted free cash flow relates to cash provided by operating activities less cash payments for property plant and equipment that are related to maintenance activities and exclude the expected one-tine cash payment of the Paddock 524(g) trust Management uses non-GAAP information principally for internal reporting forecasting budgeting and calculating compensation payments
The Company routinely posts important information on its website at o-icominvestors
NON-GAAP FINANCIAL MEASURES
18
ADDITIONAL RECONCILIATIONS
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures free cash flow and adjusted free cash flow for all periods after December 31 2021 to its most directly comparable US GAAP financial measure Cash provided by operating activities without unreasonable effort This is due to potentially high variability complexity and low visibility in the relevant future periods of components of cash provided by operating activities and cash spent on property plant and equipment as well as items that would be excluded from cash provided by operating activities The variability of these excluded items and other components of cash provided by operating activities may have a significant and potentially unpredictable impact on the Companys future financial results
Unaudited Forecasted Year EndedDecember 31 2021
Cash provided by operating activities 660$ Cash payments for maintenance-related property plant and equipment 310 Adjusted Free Cash Flow (non-GAAP) 350$
Cash payments for strategic-related property plant and equipment 90Free Cash Flow (non-GAAP) 260$
For the year ending December 31 2021 and all periods after the Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measure net debt divided by Credit Agreement EBITDA to its most directly comparable US GAAP financial measure Net Earnings because management can not reliably predict all of the necessary components of this US GAAP financial measure without unreasonable efforts Net Earnings includes several significant items such as restructuring asset impairment and other charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar non-GAAP adjustments are inherently unpredictable as to if and when they may occur The inability to provide a reconciliation is due to that unpredictability and the related difficulties in assessing the potential financial impact of the non-GAAP adjustments For the same reasons the Company is unable to address the probable significance of the unavailable information which could be material to the Companyrsquos future financial results
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures adjusted earnings and adjusted earnings per share for the year ending December 31 2021 and all periods after to its most directly comparable GAAP financial measure earnings from operations attributable to the Company because management cannot reliably predict all of the necessary components of the GAAP financial measures without unreasonable efforts Earnings from operations attributable to the Company includes several significant items such as restructuring charges asset impairment charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar items are complex and inherently unpredictable and the amount recognized for each item can vary significantly Accordingly the Company is unable to provide a reconciliation of adjusted earnings and adjusted earnings per share to earnings from operations attributable to the Company or address the probable significance of the unavailable information which could be material to the Companys future financial results
WITH PREMIUM TECHNOLOGYInvesting up to $680M to expand 700KT2 (5 ndash 6) capacity
bull $100M on previously announced Heritage brownfield in Andean
bull $580M in 4 markets with up to 11 MAGMA lines
bull Deployment 2022-2024
20 average IRR
US Spirits(up to 3 MAGMA lines)
BRAZIL Beer NAB Spirits(up to 3 MAGMA Lines)
UK Spirits(up to 2 MAGMA Lines)
CAN Premium Beer(1 Line Extension)
MAGMA Greenfield Expansion
Heritage Brownfield Expansion
Line Extension
COLOMBIA Beer NAB(1 Heritage furnace)
PERU Beer NAB(up to 3 MAGMA Lines)
1 Gross of divestitures and net of capacity realignment2 Approximately 600-650KT net expansion considering capacity realignment
10
CAPITAL REDEPLOYMENT TO FUND GROWTH
$15B portfolio optimization program to fund MAGMA expansion and improve ROIC
1500
810690
$0
$200
$400
$600
$800
$1000
$1200
$1400
$1600
$1800
Proceeds fromDivestiture
Investment in Expansion Available for DebtReduction
($M
)
PORTFOLIO OPTIMIZATION PROGRAM (2019-2024)
gt 15 IRR ~ 07x lower Leverage Ratio
Current Status
REINVEST IN PROFITABLE GROWTH
IMPROVE CAPITAL
STRUCTURE
OPTIMIZE BUSINESS
PORTFOLIO
REALIGN THE
BUSINESS
O-I HAS DEPRIORITIZED INORGANIC GROWTH GIVEN GROWING COMMERCIAL PIPELINE AND MAGMArsquoS UNIQUE CAPABILITIES
1 Volume Growth Targets are gross of divestitures and net of capacity realignment2 aEPS excludes certain items management considers not representative of ongoing operations3 FCF represents Cash Flow from Operations less Capital Expenditures excluding any impact from potential funding of Paddock 524(g) trust4 Leverage ratio as defined by the companyrsquos Bank Credit Agreement (BCA) 2021 excludes any impact of potential funding of Paddock 524(g)5 aFCF reflects Cash Flow from Operations less Maintenance Capex and excludes expected one-time cash funding of Paddock 524(g) trust
2021Outlook as of November 30 2021
bull Volume1 up 4+ in FY21o 4Q21QTD up ~2 vs ~ flat guidance
bull aEPS2 $177-$182 in FY21o $030-$035 in 4Q21 102221 FXo Omicron undetermined
bull FCF3 ge $260M in FY21
bull Leverage4 ldquohigh 3rsquosrdquo at FYE21
2022Prelim Thoughts as of October 26 2021
bull Volume1 up 0-1o Limited risk that system wide inflation
will slow down demand due to stable food and beverage market channel shift resilience focus on premium categories and glass capacity constraints in many markets
bull Highly confident 2022 net price will recover unfav 2021 spread
bull $50M benefit from initiatives
bull Cap Ex $650M-$700Mo Elevated CapEx funded by proceeds
from Portfolio Optimization program
2024Targets from September 28 2021 I-Day
bull Volume1 1-2 CAGR 2022-2024
bull aEPS2 $220-$240 in 2024o Strong earnings momentum from
expansion programs heading into 2025
bull aFCF5 $400M-$450M in 2024
bull Leverage4 ~ 35x by end of 2024
BUSINESS OUTLOOK
11
12
O-I SUSTAINABILITY GOALS
Increase recycled content to 50 average by 2030 O-I is taking a tailored approach to increase recycled content rates across its enterprise network as rates vary significantly by geography
Approved SBTi target to reduce GHG emissions 25 by 2030 (interim target of 10 by 2025)
As part of our journey toward zero injuries we are committed to a 50 improvement of our Total Recordable Incident Rate (TRIR) by 2030
Reduce the amount of natural resource used and reduce the generation of waste by reuse and recycling as we drive towards a Zero Waste organization
Renewable energy is a pillar in our strategy to lower carbon emissions Our goal is to reach 40 renewable energy use by 2030 and to reduce total energy consumption by 9
We see tremendous opportunity to positively impact the planet and communities where we operate We will collaborate with customers NGOs suppliers and local leaders to make glass recycling available in 100 of our locations
Achieve sustainability balance together by aligning our supply chain with our 2030 sustainability vision and goals
We are committed to reducing our global water usage 25 by 2030 prioritizing operations in higher risk areas
Reinvent and re-imagine glassmaking ndash where the circularity of glass meets the potential of our MAGMA melting technology low-carbon alternative fuels and light-weighted glass packaging
Create a diverse and inclusive environment where people feel welcomed to create a better future for themselves each other and O-I We are focused on increasing all aspects of diversity across our team
13
CONCLUSION O-I IS AN ATTRACTIVE INVESTMENT
TRANSFORMATIONIMPROVES MARGINS EARNINGS amp ROIC
RESOLUTION OF LEGACY LIABILITIES
REDUCES RISK amp IMPROVES CASH
FLOW CONVERSION
MAGMAWILL UNLOCK SIGNIFICANT
GROWTH
OPPORTUNITY FOR HIGHER VALUATION
THROUGH SOLID EXECUTION AND
PROFITABLE GROWTH
MARKET INNOVATION amp
ESG LEADER IN THE ATTRACTIVE
GLASS SEGMENT
APPENDIX
15
PADDOCK CHAPTER 11 ndash PROGRESS AND UPDATE1
COMPLETEDCURRENTbull Phase 1 Paddock files for bankruptcy protection in Delaware and obtains initial reliefbull Phase II Paddock informally negotiates with the Asbestos Claimantsrsquo Committee and Future Claimants Representative
fiduciaries for current and future asbestos claimantsbull Phase III Paddock enters formal court-ordered mediation with Asbestos Claimantsrsquo Committee and Future Claimants
Representativebull Phase IV Paddock accepts a mediatorrsquos proposal which results in an agreement-in-principle of the material terms of a
plan of reorganization for Paddock containing a channeling injunction protecting Paddock O-I Glass and affiliatesbull Phase V Paddock Asbestos Claimantsrsquo Committee and Future Claimants Representative negotiate and finalize definitive
documents comprising Plan of Reorganization Disclosure Statement exhibits and Voting-related documents
REMAININGbull Phase VI Paddock files Plan of Reorganization Disclosure Statement and Voting-related documents with Bankruptcy
Court which then approves disclosure and voting materials and sets voting deadlinebull Phase VII Paddock solicits votes from asbestos claimants and obtains at least 75 approval of asbestos claimants who
actually votebull Phase VIII Bankruptcy Court confirms the Plan District Court affirms the Confirmation Order and Paddock emerges
from bankruptcy and funds the Asbestos Trust
1 Although the above description represents what has occurred and what O-I Glass currently anticipates is likely to occur in Paddockrsquos chapter 11 case O-I Glass makes no representation or guarantee that Paddockrsquos actual plan process will not deviate from or contain steps in addition to the steps set forth above
Current Status
16
SEGMENT FX IMPACT ON EARNINGS
APPROXIMATE ANNUAL IMPACT ON FX RATES AT KEY POINTSEPS FROM 10 FX CHANGE Oct 22 AVG AVG AVG AVG
The company uses certain non-GAAP financial measures which are measures of its historical or future financial performance that are not calculated and presented in accordance with GAAP within the meaning of applicable SEC rules Management believes that its presentation and use of certain non-GAAP financial measures including adjusted earnings adjusted earnings per share adjusted free cash flow free cash flow net debt and credit agreement EBITDA provide relevant and useful supplemental financial information that is widely used by analysts and investors as well as by management in assessing both consolidated and business unit performance These non-GAAP measures should be considered supplemental in nature and should not be considered in isolation or be construed as being more important than comparable GAAP measures
Adjusted earnings relates to net earnings from continuing operations attributable to the company exclusive of items management considers not representative of ongoing operations because such items are not reflective of the companyrsquos principal business activity which is glass container production Adjusted earnings are divided by weighted average shares outstanding (diluted) to derive adjusted earnings per share Management uses adjusted earnings and adjusted earnings per share to evaluate its period-over-period operating performance because it believes these provide useful supplemental measures of the results of operations of its principal business activity by excluding items that are not reflective of such operations Adjusted earnings and adjusted earnings per share may be useful to investors in evaluating the underlying operating performance of the companyrsquos business as these measures eliminate items that are not reflective of its principal business activity
Leverage ratio is defined as net debt divided by credit agreement EBITDA (as defined in the Companyrsquos bank credit agreement) Net debt is defined as total debt less cash Management uses net debt to analyze the liquidity of the company Further free cash flow relates to cash provided by continuing operating activities less cash payments for property plant and equipment Management has historically used free cash flow to evaluate its period-over-period cash generation performance because it believes this has provided a useful supplemental measure related to its principal business activity Adjusted free cash flow relates to cash provided by operating activities less cash payments for property plant and equipment that are related to maintenance activities and exclude the expected one-tine cash payment of the Paddock 524(g) trust Management uses non-GAAP information principally for internal reporting forecasting budgeting and calculating compensation payments
The Company routinely posts important information on its website at o-icominvestors
NON-GAAP FINANCIAL MEASURES
18
ADDITIONAL RECONCILIATIONS
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures free cash flow and adjusted free cash flow for all periods after December 31 2021 to its most directly comparable US GAAP financial measure Cash provided by operating activities without unreasonable effort This is due to potentially high variability complexity and low visibility in the relevant future periods of components of cash provided by operating activities and cash spent on property plant and equipment as well as items that would be excluded from cash provided by operating activities The variability of these excluded items and other components of cash provided by operating activities may have a significant and potentially unpredictable impact on the Companys future financial results
Unaudited Forecasted Year EndedDecember 31 2021
Cash provided by operating activities 660$ Cash payments for maintenance-related property plant and equipment 310 Adjusted Free Cash Flow (non-GAAP) 350$
Cash payments for strategic-related property plant and equipment 90Free Cash Flow (non-GAAP) 260$
For the year ending December 31 2021 and all periods after the Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measure net debt divided by Credit Agreement EBITDA to its most directly comparable US GAAP financial measure Net Earnings because management can not reliably predict all of the necessary components of this US GAAP financial measure without unreasonable efforts Net Earnings includes several significant items such as restructuring asset impairment and other charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar non-GAAP adjustments are inherently unpredictable as to if and when they may occur The inability to provide a reconciliation is due to that unpredictability and the related difficulties in assessing the potential financial impact of the non-GAAP adjustments For the same reasons the Company is unable to address the probable significance of the unavailable information which could be material to the Companyrsquos future financial results
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures adjusted earnings and adjusted earnings per share for the year ending December 31 2021 and all periods after to its most directly comparable GAAP financial measure earnings from operations attributable to the Company because management cannot reliably predict all of the necessary components of the GAAP financial measures without unreasonable efforts Earnings from operations attributable to the Company includes several significant items such as restructuring charges asset impairment charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar items are complex and inherently unpredictable and the amount recognized for each item can vary significantly Accordingly the Company is unable to provide a reconciliation of adjusted earnings and adjusted earnings per share to earnings from operations attributable to the Company or address the probable significance of the unavailable information which could be material to the Companys future financial results
I adjusted it to compare vs the Budget to estimate a full year variance in FX on 10
APPROXIMATE ANNUAL IMPACT ON
FX RATES AT KEY POINTS
EPS FROM 10 FX CHANGE
Oct 22
AVG
AVG
AVG
AVG
Sept 30
Sept YTD
Sept YTD
2021
3Q21
3Q20
4Q20
2020
2021
2021
2020
EUR
013
EUR
116
118
118
120
115
116
119
113
MXN
004
MXN
2018
2016
2208
2044
2156
2049
2024
2193
BRL
004
BRL
565
523
539
543
521
541
533
514
COP
002
COP
3773
3829
3785
3626
3715
3835
3730
3744
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
HSP_InputValue
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
Total Custom2
January
February
March
April
May
June
July
August
September
October
November
December
YearTotal
Total Mexico
EBIT
Total Custom 1
USD
2021
Budget
Final
10513
3985
8336
9202
12424
9781
9780
9981
8688
4147
4494
5400
96730
Total Mexico
EBIT
Total Custom 1
Local
2021
Budget
Final
209058
79242
165770
183006
247073
194521
194487
198483
172776
82460
89369
107393
1923639
Total Mexico
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexico
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexico
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
3416
2628
3843
1624
1269
1201
2040
1404
2198
1447
1101
511
22681
Total Mexico
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
67924
52256
76416
32305
25242
23883
40566
27919
43703
28780
21899
10157
451049
Total Mexico
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
1841
1758
2059
1774
1932
1769
1927
2007
1935
1859
1750
1537
22149
Total Mexico
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
36621
34964
40944
35277
38424
35182
38317
39916
38488
36971
34795
30575
440473
Total Mexico
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
550
524
617
529
578
528
576
601
579
555
522
457
6617
Total Mexico
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
10939
10429
12269
10526
11494
10496
11461
11953
11514
11047
10377
9079
131585
Mexico MR Adjustments (MXN)
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
EBIT
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico MR Adjustments (MXN)
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
12467
5830
10574
11069
14497
11641
11846
12152
10765
6124
6328
6957
120251
Mexico Mgmt Reporting
EBIT
Total Custom 1
Local
2021
Budget
Final
211013
81088
168009
184872
249146
196381
196553
200654
174853
84438
91203
108950
1947159
Mexico Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
3416
2628
3843
1624
1269
1201
2040
1404
2198
1447
1101
511
22681
Mexico Mgmt Reporting
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
67924
52256
76416
32305
25242
23883
40566
27919
43703
28780
21899
10157
451049
Mexico Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
34780
33206
38885
33503
36492
33413
36390
37908
36553
35112
33045
29038
418324
Mexico Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Mexico Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
10389
9905
11652
9997
10916
9969
10885
11352
10935
10491
9856
8622
124969
Total Mexicousd entities
EBIT
Total Custom 1
USD
2021
Budget
Final
1954
1845
2239
1866
2073
1860
2066
2171
2077
1977
1834
1557
23520
Total Mexicousd entities
EBIT
Total Custom 1
Local
2021
Budget
Final
1954
1845
2239
1866
2073
1860
2066
2171
2077
1977
1834
1557
23520
Total Mexicousd entities
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexicousd entities
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexicousd entities
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexicousd entities
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Mexicousd entities
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
(1841)
(1758)
(2059)
(1774)
(1932)
(1769)
(1927)
(2007)
(1935)
(1859)
(1750)
(1537)
(22149)
Total Mexicousd entities
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
(1841)
(1758)
(2059)
(1774)
(1932)
(1769)
(1927)
(2007)
(1935)
(1859)
(1750)
(1537)
(22149)
Total Mexicousd entities
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
(550)
(524)
(617)
(529)
(578)
(528)
(576)
(601)
(579)
(555)
(522)
(457)
(6617)
Total Mexicousd entities
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
(550)
(524)
(617)
(529)
(578)
(528)
(576)
(601)
(579)
(555)
(522)
(457)
(6617)
Total Brazil Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
6192
3786
5063
3594
4627
3937
5008
5910
5685
6251
5790
5742
61584
Total Brazil Mgmt Reporting
EBIT
Total Custom 1
Local
2021
Budget
Final
32142
19653
26282
18655
24018
20438
25996
30677
29512
32452
30059
29808
319690
Total Brazil Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
791
741
785
690
707
752
801
847
832
833
863
876
9517
Total Brazil Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
4108
3846
4075
3582
3668
3902
4158
4398
4319
4323
4480
4546
49405
Total Brazil Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Brazil Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Colombia Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
4407
3879
4494
5652
5894
4974
6560
6748
6879
6787
5478
3234
64986
Total Colombia Mgmt Reporting
EBIT
Total Custom 1
Local
2021
Budget
Final
15067387
13263595
15364223
19325104
20152949
17004980
22428776
23071622
23520827
23203154
18728071
11055369
222186057
Total Colombia Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Colombia Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Colombia Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
2736
3313
2924
3606
3953
3150
4288
4764
3858
4579
4263
3325
44759
Total Colombia Mgmt Reporting
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
9353229
11327116
9997013
12327312
13514966
10770900
14660926
16288460
13190884
15654758
14575462
11369644
153030671
Total Colombia Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
139
146
151
181
171
177
212
210
215
208
187
140
2136
Total Colombia Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
473829
499117
516517
619386
585125
604100
724460
717547
734407
711396
638632
479611
7304129
Total Colombia Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Colombia Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Peru Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
3612
2038
1690
2055
2270
2557
3104
2753
2254
2445
2134
1187
28101
Total Peru Mgmt Reporting
EBIT
Total Custom 1
Local
2021
Budget
Final
13070
7377
6116
7438
8215
9254
11235
9962
8157
8847
7724
4295
101691
Total Peru Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Peru Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
Local
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Peru Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
3051
2340
2373
2628
3039
2664
3399
2944
3250
2946
3722
1671
34026
Total Peru Mgmt Reporting
Sales -3rd Party
Export-3rd Party
Local
2021
Budget
Final
11040
8470
8587
9511
10998
9641
12299
10653
11760
10661
13468
6046
123135
Total Peru Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
458
360
308
314
342
352
373
382
380
353
344
253
4220
Total Peru Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
Local
2021
Budget
Final
1656
1303
1113
1138
1239
1274
1351
1383
1376
1279
1243
916
15271
Total Peru Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
147
107
93
93
101
107
113
118
119
112
109
80
1298
Total Peru Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
Local
2021
Budget
Final
531
389
336
336
366
388
410
427
432
404
393
288
4698
Europe Mgmt Reporting
EBIT
Total Custom 1
USD
2021
Budget
Final
30032
18845
33957
28938
37681
31576
43515
30901
23840
24929
23578
15689
343482
Europe Mgmt Reporting
EBIT
Total Custom 1
EUR
2021
Budget
Final
24440
15336
27635
23549
30665
25697
35412
25148
19401
20287
19188
12768
279526
Europe Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Europe Mgmt Reporting
Foreign Exchange (Gain)Loss
Total Custom 1
EUR
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Europe Mgmt Reporting
Sales -3rd Party
Export-3rd Party
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Europe Mgmt Reporting
Sales -3rd Party
Export-3rd Party
EUR
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Europe Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
USD
2021
Budget
Final
0
0
0
0
0
0
0
0
0
0
0
0
0
Europe Mgmt Reporting
Royalty Exp - Cost of Sales
Total Custom 1
EUR
2021
Budget
Final
0
0
0
0
0
0
0
0
0
0
0
0
0
Europe Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
0
0
0
0
0
0
0
0
0
0
0
0
0
Europe Mgmt Reporting
Total Operating Expenses
Corp Trademark Fees
EUR
2021
Budget
Final
0
0
0
0
0
0
0
0
0
0
0
0
0
OI Europe Sarl
Royalties to OI Toledo
Total Custom 1
USD
2021
Budget
Final
7998
7998
7998
7998
7998
7998
7998
7998
7998
7998
7998
7998
95975
OI Europe Sarl
Total Operating Expenses
Corp Trademark Fees
USD
2021
Budget
Final
2238
2238
2238
2238
2238
2238
2238
2238
2238
2238
2238
2238
26853
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(000000)
(001910)
Total United Kingdom
EBIT
Total Custom 1
USD
2021
Budget
Final
1629
1383
2256
1858
3068
1263
4092
4062
3364
3273
3499
1776
31524
OI Sales and Distribution UK Ltd
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Poland
EBIT
Total Custom 1
USD
2021
Budget
Final
2045
1051
2603
1724
1789
1622
2327
1989
1292
1275
1204
250
19172
OI Sales and Distribution Poland Sp Zoo
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
OI Jarslow Machine Service Center
EBIT
Total Custom 1
USD
2021
Budget
Final
(56)
47
42
(58)
42
47
(19)
30
(10)
49
41
11
164
OI Poland Business Service Center
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Hungary
EBIT
Total Custom 1
USD
2021
Budget
Final
(407)
103
248
(67)
361
1223
899
471
381
186
253
(176)
3475
OI Sales and Distribution Hungary
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Total Czech
EBIT
Total Custom 1
USD
2021
Budget
Final
1053
(363)
1042
737
695
1237
1269
1413
(1104)
292
278
253
6801
OI Sales and Distribution Czech
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
European Glass Group Admin
EBIT
Total Custom 1
USD
2021
Budget
Final
7844
7785
7796
7735
7795
7795
7792
7792
7794
7951
7800
7783
93662
Europe MR Adjustments
EBIT
Total Custom 1
USD
2021
Budget
Final
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
OI Europe Sarl
Total Operating Expenses
Total Controllable Operating Expenses
USD
2021
Budget
Final
4096
4669
4662
4823
4618
4437
3886
4145
3908
3825
3760
3663
50490
Europe Mgmt Reportingusd entities
EBIT
Total Custom 1
USD
2021
Budget
Final
17926
8838
19969
17008
23930
18389
27156
15145
12124
11904
10503
5792
188684
Shares 2020
158671
Tax Rate 2020
3270
EUROPE
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
Base FX EUR
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
New FX EUR
13517
13517
13517
13517
13517
13517
13517
13517
13517
13517
13517
13517
10
10
10
10
10
10
10
10
10
10
10
10
3+9F FX CHF
08820
08820
08820
08820
08820
08820
08820
08820
08820
08820
08820
08820
New FX CHF
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
EBIT As Is
30032
18845
33957
28938
37681
31576
43515
30901
23840
24929
23578
15689
82834
98195
98256
64197
343482
EBIT USD
12107
10007
13988
11930
13751
13188
16359
15756
11717
13025
13075
9897
36102
38868
43832
35998
154799
70
CHF - Salaries amp Benefits
2867
3269
3263
3376
3232
3106
2720
2902
2735
2678
2632
2564
9399
9714
8357
7873
35343
EBIT EUR Denominated
20793
12106
23233
20384
27163
21494
29876
18047
14859
14582
13135
8356
56132
69041
62782
36072
224027
Translation
2079
1211
2323
2038
2716
2149
2988
1805
1486
1458
1313
836
5613
6904
6278
3607
22403
CHF Translation
(261)
(297)
(297)
(307)
(294)
(282)
(247)
(264)
(249)
(243)
(239)
(233)
(854)
(883)
(760)
(716)
(3213)
Sales 3rd Party
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Royalties
800
800
800
800
800
800
800
800
800
800
800
800
2399
2399
2399
2399
9597
Trademarks
224
224
224
224
224
224
224
224
224
224
224
224
671
671
671
671
2685
EPS Impact AMC
001
001
001
001
001
001
002
001
001
001
001
001
003
004
004
003
013
CENTRAL
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
3+9F FX
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
New FX
218753
218753
218753
218753
218753
218753
218753
218753
218753
218753
218753
218753
10
10
10
10
10
10
10
10
10
10
10
10
Local Currency Entities
Non Controllable EBIT As Is
10513
3985
8336
9202
12424
9781
9780
9981
8688
4147
4494
5400
22833
31408
28449
14041
96730
Translation
(956)
(362)
(758)
(837)
(1129)
(889)
(889)
(907)
(790)
(377)
(409)
(491)
(2076)
(2855)
(2586)
(1276)
(8794)
Sales 3rd Party
311
239
349
148
115
109
185
128
200
132
100
46
899
372
513
278
2062
Royalties
(167)
(160)
(187)
(161)
(176)
(161)
(175)
(182)
(176)
(169)
(159)
(140)
(514)
(498)
(534)
(468)
(2014)
Trademarks
(50)
(48)
(56)
(48)
(53)
(48)
(52)
(55)
(53)
(50)
(47)
(42)
(154)
(149)
(160)
(139)
(602)
EPS Impact AMC
(000)
(000)
(000)
(000)
(001)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(001)
(001)
(001)
(001)
(004)
BRAZIL
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
3+9F FX
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
New FX
57102
57102
57102
57102
57102
57102
57102
57102
57102
57102
57102
57102
10
10
10
10
10
10
10
10
10
10
10
10
Local Currency Entities
Non Controllable EBIT As Is
6192
3786
5063
3594
4627
3937
5008
5910
5685
6251
5790
5742
15040
12157
16602
17784
61584
Translation
(563)
(344)
(460)
(327)
(421)
(358)
(455)
(537)
(517)
(568)
(526)
(522)
(1367)
(1105)
(1509)
(1617)
(5599)
Sales 3rd Party
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
Royalties
(72)
(67)
(71)
(63)
(64)
(68)
(73)
(77)
(76)
(76)
(78)
(80)
(211)
(195)
(225)
(234)
(865)
Trademarks
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
EPS Impact BRAZIL
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(001)
(001)
(001)
(001)
(003)
COLOMBIA
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
3+9F FX
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
New FX
3761
3761
3761
3761
3761
3761
3761
3761
3761
3761
3761
3761
10
10
10
10
10
10
10
10
10
10
10
10
Local Currency Entities
Non Controllable EBIT As Is
4407
3879
4494
5652
5894
4974
6560
6748
6879
6787
5478
3234
12780
16520
20188
15498
64986
Translation
(401)
(353)
(409)
(514)
(536)
(452)
(596)
(613)
(625)
(617)
(498)
(294)
(1162)
(1502)
(1835)
(1409)
(5908)
Sales 3rd Party
249
301
266
328
359
286
390
433
351
416
388
302
816
974
1174
1106
4069
Royalties
(13)
(13)
(14)
(16)
(16)
(16)
(19)
(19)
(20)
(19)
(17)
(13)
(40)
(48)
(58)
(49)
(194)
Trademarks
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
- 0
EPS Impact COLOMBIA
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(000)
(001)
PERU
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1Q
2Q
3Q
4Q
FY
3+9F FX
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
New FX
39807
39807
39807
39807
39807
39807
39807
39807
39807
39807
39807
39807
10
10
10
10
10
10
10
10
10
10
10
10
Local Currency Entities
Non Controllable EBIT As Is
3612
2038
1690
2055
2270
2557
3104
2753
2254
2445
2134
1187
7340
6883
8112
5766
28101
Translation
(328)
(185)
(154)
(187)
(206)
(232)
(282)
(250)
(205)
(222)
(194)
(108)
(667)
(626)
(737)
(524)
(2555)
Sales 3rd Party
277
213
216
239
276
242
309
268
295
268
338
152
706
757
872
758
3093
Royalties
(42)
(33)
(28)
(29)
(31)
(32)
(34)
(35)
(35)
(32)
(31)
(23)
(102)
(92)
(103)
(86)
(384)
Trademarks
(13)
(10)
(8)
(8)
(9)
(10)
(10)
(11)
(11)
(10)
(10)
(7)
(32)
(27)
(32)
(27)
(118)
EPS Impact PERU
(000)
(000)
000
000
000
(000)
(000)
(000)
000
000
000
000
(000)
000
(000)
000
000
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End SIMULATION
10
Change
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
SPOT
FROM
TO
Currency
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
RATE
AMERICAS
USD
ARS
USDARS
Argentine Peso
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
9255521
USD
BRL
USDBRL
Brazilian Real
571021
571021
571021
571021
571021
571021
571021
571021
571021
571021
571021
571021
571021
USD
COP
USDCOP
Colombian Peso
37609
37609
37609
37609
37609
37609
37609
37609
37609
37609
37609
37609
37609
USD
PEN
USDPEN
Peru New Sol
398068
398068
398068
398068
398068
398068
398068
398068
398068
398068
398068
398068
398068
USD
BOB
USDBOB
Bolivian Boliviano
7656
7656
7656
7656
7656
7656
7656
7656
7656
7656
7656
7656
7656
USD
DOP
USDDOP
Dominican Rep Peso
637802
637802
637802
637802
637802
637802
637802
637802
637802
637802
637802
637802
637802
USD
MXN
USDMXN
Mexico Peso
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
2187526
USD
CAD
USDCAD
Canadian Dollar
140195
140195
140195
140195
140195
140195
140195
140195
140195
140195
140195
140195
140195
EUROPE
EUR
USD
EURUSD
EURO
135168
135168
135168
135168
135168
135168
135168
135168
135168
135168
135168
135168
135168
USD
CHF
USDCHF
Swiss Franc
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
09702
GBP
USD
GBPUSD
Pound Sterling
149754
149754
149754
149754
149754
149754
149754
149754
149754
149754
149754
149754
149754
USD
PLN
USDPLN
Poland Zloty
409805
409805
409805
409805
409805
409805
409805
409805
409805
409805
409805
409805
409805
USD
CZK
USDCZK
Czech Koruna
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
2344914
USD
HUF
USDHUF
Hungary Forint
326623
326623
326623
326623
326623
326623
326623
326623
326623
326623
326623
326623
326623
EUR
BRL
EURBRL
Brazilian Real
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
7016702
USD
RUB
USDRUB
Russian Rouble
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
8177389
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
084678
084678
084678
084678
084678
084678
084678
084678
084678
084678
084678
084678
084678
NZD
USD
NZDUSD
New Zealand Dollar
079409
079409
079409
079409
079409
079409
079409
079409
079409
079409
079409
079409
079409
USD
CNY
USDCNY
China Renminbi
718311
718311
718311
718311
718311
718311
718311
718311
718311
718311
718311
718311
718311
USD
HKD
USDHKD
Hong Kong Dollar
852731
852731
852731
852731
852731
852731
852731
852731
852731
852731
852731
852731
852731
USD
IDR
USDIDR
Indonesian Rupiah
15444
15444
15444
15444
15444
15444
15444
15444
15444
15444
15444
15444
15444
USD
SGD
USDSGD
Singapore Dollar
145508
145508
145508
145508
145508
145508
145508
145508
145508
145508
145508
145508
145508
USD
VND
USDVND
Viecirct Nam dong
253913
253913
253913
253913
253913
253913
253913
253913
253913
253913
253913
253913
253913
USD
THB
USDTHB
Thailand Baht
32934
32934
32934
32934
32934
32934
32934
32934
32934
32934
32934
32934
32934
OTHER
USD
CLP
USDCLP
Chilean Peso
782408
782408
782408
782408
782408
782408
782408
782408
782408
782408
782408
782408
782408
USD
JPY
USDJPY
Japanese Yen
113487
113487
113487
113487
113487
113487
113487
113487
113487
113487
113487
113487
113487
USD
KRW
USDKRW
Korean Won
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
1193071
USD
LTL
USDLTL
Lithuania Litas
309078
309078
309078
309078
309078
309078
309078
309078
309078
309078
309078
309078
309078
USD
MYR
USDMYR
Malaysia Ringgit
441155
441155
441155
441155
441155
441155
441155
441155
441155
441155
441155
441155
441155
USD
PGK
USDPGK
Papau NG Kina
378873
378873
378873
378873
378873
378873
378873
378873
378873
378873
378873
378873
378873
USD
PHP
USDPHP
Philippine Peso
528077
528077
528077
528077
528077
528077
528077
528077
528077
528077
528077
528077
528077
USD
TWD
USDTWD
Taiwanese Dollar
30877
30877
30877
30877
30877
30877
30877
30877
30877
30877
30877
30877
30877
USD
TRL
USDTRL
Turkish Lira
810623
810623
810623
810623
810623
810623
810623
810623
810623
810623
810623
810623
810623
USD
ZAR
USDZAR
So African Rand
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
1607584
USD
INR
USDINR
India Rupee
80399
80399
80399
80399
80399
80399
80399
80399
80399
80399
80399
80399
80399
USD
SAR
USDSAR
Saudi Arabia Riyal
412665
412665
412665
412665
412665
412665
412665
412665
412665
412665
412665
412665
412665
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
1172985
EUR
GBP
EURGBP
1 Euro to the Pound
099286
099286
099286
099286
099286
099286
099286
099286
099286
099286
099286
099286
099286
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
119218
119218
119218
119218
119218
119218
119218
119218
119218
119218
119218
119218
119218
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End - 2020
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
FROM
TO
Currency
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
AMERICAS
USD
ARS
USDARS
Argentine Peso
841411
841411
841411
841411
841411
841411
841411
841411
841411
841411
841411
841411
8720000
USD
BRL
USDBRL
Brazilian Real
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
51911
543920
USD
COP
USDCOP
Colombian Peso
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
3419
355800000
USD
PEN
USDPEN
Peru New Sol
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
36188
364270
USD
BOB
USDBOB
Bolivian Boliviano
696
696
696
696
696
696
696
696
696
696
696
696
696000
USD
DOP
USDDOP
Dominican Rep Peso
57982
57982
57982
57982
57982
57982
57982
57982
57982
57982
57982
57982
5799800
USD
MXN
USDMXN
Mexico Peso
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
198866
2035240
USD
CAD
USDCAD
Canadian Dollar
12745
12745
12745
12745
12745
12745
12745
12745
12745
12745
12745
12745
128700
EUROPE
EUR
USD
EURUSD
EURO
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
12288
120970
USD
CHF
USDCHF
Swiss Franc
0882
0882
0882
0882
0882
0882
0882
0882
0882
0882
0882
0882
088960
GBP
USD
GBPUSD
Pound Sterling
13614
13614
13614
13614
13614
13614
13614
13614
13614
13614
13614
13614
137030
USD
PLN
USDPLN
Poland Zloty
37255
37255
37255
37255
37255
37255
37255
37255
37255
37255
37255
37255
375170
USD
CZK
USDCZK
Czech Koruna
213174
213174
213174
213174
213174
213174
213174
213174
213174
213174
213174
213174
2154860
USD
HUF
USDHUF
Hungary Forint
29693
29693
29693
29693
29693
29693
29693
29693
29693
29693
29693
29693
29639000
EUR
BRL
EURBRL
Brazilian Real
637882
637882
637882
637882
637882
637882
637882
637882
637882
637882
637882
637882
657980
USD
RUB
USDRUB
Russian Rouble
743399
743399
743399
743399
743399
743399
743399
743399
743399
743399
743399
743399
7617880
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
07698
07698
07698
07698
07698
07698
07698
07698
07698
07698
07698
07698
076430
NZD
USD
NZDUSD
New Zealand Dollar
07219
07219
07219
07219
07219
07219
07219
07219
07219
07219
07219
07219
071520
USD
CNY
USDCNY
China Renminbi
65301
65301
65301
65301
65301
65301
65301
65301
65301
65301
65301
65301
646100
USD
HKD
USDHKD
Hong Kong Dollar
77521
77521
77521
77521
77521
77521
77521
77521
77521
77521
77521
77521
775270
USD
IDR
USDIDR
Indonesian Rupiah
14040
14040
14040
14040
14040
14040
14040
14040
14040
14040
14040
14040
1403000000
USD
SGD
USDSGD
Singapore Dollar
13228
13228
13228
13228
13228
13228
13228
13228
13228
13228
13228
13228
133130
USD
VND
USDVND
Viecirct Nam dong
23083
23083
23083
23083
23083
23083
23083
23083
23083
23083
23083
23083
2305200000
USD
THB
USDTHB
Thailand Baht
2994
2994
2994
2994
2994
2994
2994
2994
2994
2994
2994
2994
2998400
OTHER
USD
CLP
USDCLP
Chilean Peso
71128
71128
71128
71128
71128
71128
71128
71128
71128
71128
71128
71128
73815000
USD
JPY
USDJPY
Japanese Yen
10317
10317
10317
10317
10317
10317
10317
10317
10317
10317
10317
10317
10452000
USD
KRW
USDKRW
Korean Won
108461
108461
108461
108461
108461
108461
108461
108461
108461
108461
108461
108461
111940000
USD
LTL
USDLTL
Lithuania Litas
28098
28098
28098
28098
28098
28098
28098
28098
28098
28098
28098
28098
285390
USD
MYR
USDMYR
Malaysia Ringgit
40105
40105
40105
40105
40105
40105
40105
40105
40105
40105
40105
40105
405350
USD
PGK
USDPGK
Papau NG Kina
34443
34443
34443
34443
34443
34443
34443
34443
34443
34443
34443
34443
348640
USD
PHP
USDPHP
Philippine Peso
48007
48007
48007
48007
48007
48007
48007
48007
48007
48007
48007
48007
4807500
USD
TWD
USDTWD
Taiwanese Dollar
2807
2807
2807
2807
2807
2807
2807
2807
2807
2807
2807
2807
2803300
USD
TRL
USDTRL
Turkish Lira
73693
73693
73693
73693
73693
73693
73693
73693
73693
73693
73693
73693
736220
USD
ZAR
USDZAR
So African Rand
146144
146144
146144
146144
146144
146144
146144
146144
146144
146144
146144
146144
1526290
USD
INR
USDINR
India Rupee
7309
7309
7309
7309
7309
7309
7309
7309
7309
7309
7309
7309
7298750
USD
SAR
USDSAR
Saudi Arabia Riyal
37515
37515
37515
37515
37515
37515
37515
37515
37515
37515
37515
37515
375070
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
106635
106635
106635
106635
106635
106635
106635
106635
106635
106635
106635
106635
106865
EUR
GBP
EURGBP
1 Euro to the Pound
09026
09026
09026
09026
09026
09026
09026
09026
09026
09026
09026
09026
088280
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
10838
10838
10838
10838
10838
10838
10838
10838
10838
10838
10838
10838
107615
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End - 2021
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
FROM
TO
Currency
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Average
High
Low
AMERICAS
USD
ARS
USDARS
Argentine Peso
872
8975
919508
934904
945289
956926
966403
977029
987036
9336949
9770290
8720000
8720000
USD
BRL
USDBRL
Brazilian Real
54392
55178
57736
53367
52372
49545
50795
51835
54132
537650
577360
495450
543920
USD
COP
USDCOP
Colombian Peso
3558
359681
372672
3709
372931
376071
3845
380625
383497
368009167
376071000
355800000
355800000
USD
PEN
USDPEN
Peru New Sol
36427
36475
37706
37846
38455
388
39266
40748
41279
376182
388000
364270
364270
USD
BOB
USDBOB
Bolivian Boliviano
696
696
696
696
696
696
696
696
696
696
696
696
696000
696000
696000
696000
USD
DOP
USDDOP
Dominican Rep Peso
57998
57789
56623
56594
56689
5686
56918
56775
56201
5709217
5799800
5659400
5799800
USD
MXN
USDMXN
Mexico Peso
203524
209672
206091
200331
199466
197926
198879
201029
204877
2028350
2096720
1979260
2035240
USD
CAD
USDCAD
Canadian Dollar
1287
12617
12622
12275
12079
1239
12449
12594
1273
124755
128700
120790
128700
EUROPE
EUR
USD
EURUSD
EURO
12097
12154
11707
12117
12185
119
11879
11819
11605
120267
121850
117070
120970
USD
CHF
USDCHF
Swiss Franc
08896
0906
09438
09089
08976
09213
0907
09154
09333
091120
094380
088960
088960
GBP
USD
GBPUSD
Pound Sterling
13703
13959
13724
1394
14195
13848
13947
13784
13448
138948
141950
137030
137030
USD
PLN
USDPLN
Poland Zloty
37517
37212
39797
37666
36836
37963
38455
38546
3987
378318
397970
368360
375170
USD
CZK
USDCZK
Czech Koruna
215486
215912
223301
213397
208705
214242
214644
21627
219734
2151738
2233010
2087050
2154860
USD
HUF
USDHUF
Hungary Forint
29639
29784
31019
29713
28557
29538
30086
29444
31033
29708333
31019000
28557000
29639000
EUR
BRL
EURBRL
Brazilian Real
65798
670633
675915
646648
638153
589586
603394
612638
628202
646486
675915
589586
657980
USD
RUB
USDRUB
Russian Rouble
761788
7454
757817
746046
734775
727608
7332
73398
72703
7455723
7617880
7276080
7617880
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
07643
0783
07597
07778
07742
07521
0739
07313
07203
076852
078300
075210
076430
NZD
USD
NZDUSD
New Zealand Dollar
07152
07345
06974
07245
07268
06996
07004
07037
06879
071633
073450
069740
071520
USD
CNY
USDCNY
China Renminbi
6461
6471
65632
64688
63682
64567
64587
64671
64682
646482
656320
636820
646100
USD
HKD
USDHKD
Hong Kong Dollar
77527
77551
7775
77639
77588
77652
77741
77846
77868
776178
777500
775270
775270
USD
IDR
USDIDR
Indonesian Rupiah
14030
14200
14540
14450
14290
14535
14455
14311
14320
1434083333
1454000000
1403000000
1403000000
USD
SGD
USDSGD
Singapore Dollar
13313
13286
13476
13267
1324
13447
13532
13444
13612
133382
134760
132400
133130
USD
VND
USDVND
Viecirct Nam dong
23052
23017
23074
23045
23046
23018
22958
22776
22758
2304200000
2307400000
2301700000
2305200000
USD
THB
USDTHB
Thailand Baht
29984
30312
31375
31189
31264
32016
32895
32321
33926
3102333
3201600
2998400
2998400
OTHER
USD
CLP
USDCLP
Chilean Peso
73815
7138
72993
7055
7286
72743
7596
78174
8091
72390167
73815000
70550000
73815000
USD
JPY
USDJPY
Japanese Yen
10452
10624
11084
10887
10987
11049
10951
10989
11195
10847167
11084000
10452000
10452000
USD
KRW
USDKRW
Korean Won
11194
11227
11327
11102
111449
112816
114796
116065
118543
112127500
113270000
111020000
111940000
USD
LTL
USDLTL
Lithuania Litas
28539
28403
29492
28495
28334
29013
29067
29214
29751
287127
294920
283340
285390
USD
MYR
USDMYR
Malaysia Ringgit
40535
405
41555
4103
4134
41525
4231
4153
4188
410808
415550
405000
405350
USD
PGK
USDPGK
Papau NG Kina
34864
34728
34072
34732
3452
34507
34072
34303
34616
345705
348640
340720
348640
USD
PHP
USDPHP
Philippine Peso
48075
48838
48563
48182
47862
48694
50209
49742
50893
4836900
4883800
4786200
4807500
USD
TWD
USDTWD
Taiwanese Dollar
28033
27826
28513
27891
27729
27896
2792
27742
27856
2798133
2851300
2772900
2803300
USD
TRL
USDTRL
Turkish Lira
73622
74188
83084
8199
84958
8731
84669
83658
89081
808587
873100
736220
736220
USD
ZAR
USDZAR
So African Rand
152629
15045
149365
142917
137698
143294
145603
146429
151236
1460588
1526290
1376980
1526290
USD
INR
USDINR
India Rupee
729875
73045
73485
7404
723725
74255
742875
732475
74345
7336417
7425500
7237250
7298750
USD
SAR
USDSAR
Saudi Arabia Riyal
37507
37502
37503
37501
37501
37504
37505
37507
37508
375030
375070
375010
375070
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
106865
106603
108933
107357
106522
107504
105511
103922
10471
107297
108933
106522
106865
EUR
GBP
EURGBP
1 Euro to the Pound
08828
087069
085303
086923
08584
085933
085172
085744
086295
086558
088280
085303
088280
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
107615
110115
110491
110131
109373
109635
107743
108191
108309
109560
110491
107615
107615
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End - 2020
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
FROM
TO
Currency
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Average
High
Low
AMERICAS
USD
ARS
USDARS
Argentine Peso
60246
621341
64464
6674
68439
703918
7225
739883
761102
782887
81058
841411
7152093
8414110
6024600
8720000
USD
BRL
USDBRL
Brazilian Real
42464
44903
51924
53342
54059
54023
5153
5387
56312
57774
53354
51911
521222
577740
424640
543920
USD
COP
USDCOP
Colombian Peso
34133
3499
405405
39217
369789
375371
372175
374842
388565
385525
360436
3419
371450667
405405000
341330000
355800000
USD
PEN
USDPEN
Peru New Sol
33647
34333
34365
33658
34365
35227
35117
35328
35971
36106
36017
36188
350268
361880
336470
364270
USD
BOB
USDBOB
Bolivian Boliviano
696
696
696
696
696
696
696
696
696
696
696
696
696000
696000
696000
690690
USD
DOP
USDDOP
Dominican Rep Peso
52674
53093
53678
54456
57275
58076
58335
57922
58038
5824
58155
57982
5649367
5833500
5267400
5799800
USD
MXN
USDMXN
Mexico Peso
187562
195268
239454
237426
221609
23033
220036
2178
224419
21368
200542
198866
2155827
2394540
1875620
2035240
USD
CAD
USDCAD
Canadian Dollar
13204
13444
14199
13865
13763
13663
13422
13082
13404
13312
1299
12745
134244
141990
127450
128700
EUROPE
EUR
USD
EURUSD
EURO
11024
10995
1101
10858
11098
11237
11893
11902
11734
11681
11969
12288
114741
122880
108580
120970
USD
CHF
USDCHF
Swiss Franc
09706
09676
09601
09747
09627
09516
09065
09042
09209
09145
09034
0882
093490
097470
088200
088960
GBP
USD
GBPUSD
Pound Sterling
13097
12882
12332
12465
12344
12298
13129
13339
12841
12916
13338
13614
128829
136140
122980
137030
USD
PLN
USDPLN
Poland Zloty
38927
3938
41288
41828
40114
39606
37075
36844
38614
39562
37441
37255
389945
418280
368440
375170
USD
CZK
USDCZK
Czech Koruna
22887
23066
247565
24932
242893
23819
220513
219209
231743
234209
218839
213174
2312654
2493200
2131740
2154860
USD
HUF
USDHUF
Hungary Forint
30568
30842
32569
32597
31455
31679
28997
29692
31108
31485
3018
29693
30905417
32597000
28997000
29639000
EUR
BRL
EURBRL
Brazilian Real
468123
493708
571683
579187
599947
607056
612846
641161
660765
674858
638594
637882
598818
674858
468123
657980
USD
RUB
USDRUB
Russian Rouble
631686
6665
793185
72783
70542
700054
731552
74037
789805
786921
760592
743399
7314428
7931850
6316860
7617880
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
06721
06524
0617
06562
06649
0688
07218
0735
07118
07045
0739
07698
069438
076980
061700
076430
NZD
USD
NZDUSD
New Zealand Dollar
06486
06237
06015
06144
06206
06422
06704
06726
06586
06626
07032
07219
065336
072190
060150
071520
USD
CNY
USDCNY
China Renminbi
69109
70114
70877
70547
71501
70671
69869
68515
68111
66829
65845
65301
689408
715010
653010
646100
USD
HKD
USDHKD
Hong Kong Dollar
7769
77978
77542
77505
77532
77503
77499
77502
775
77519
77511
77521
775668
779780
774990
775270
USD
IDR
USDIDR
Indonesian Rupiah
13650
14170
16335
14925
14650
14225
14530
14544
14850
14625
14080
14040
1455200000
1633500000
1365000000
1403000000
USD
SGD
USDSGD
Singapore Dollar
13618
13984
14243
14102
14133
13936
13698
13592
13689
13646
13372
13228
137701
142430
132280
133130
USD
VND
USDVND
Viecirct Nam dong
23221
23238
23633
23309
23280
23204
23171
23174
23183
23177
23143
23083
2323466667
2363300000
2308300000
2305200000
USD
THB
USDTHB
Thailand Baht
31112
31661
32624
32326
31825
30872
31199
31082
31671
312
30268
2994
3131500
3262400
2994000
2998400
OTHER
USD
CLP
USDCLP
Chilean Peso
79599
81441
85123
83475
8077
81928
75903
7783
7865
77228
767
71128
79147917
85123000
71128000
73815000
USD
JPY
USDJPY
Japanese Yen
10908
1089
10829
10654
10713
10773
10429
10563
10551
10435
10388
10317
10620833
10908000
10317000
10452000
USD
KRW
USDKRW
Korean Won
118807
121638
12195
120616
12371
1198
11885
118422
116833
112881
11056
108461
117710667
123710000
108461000
111940000
USD
LTL
USDLTL
Lithuania Litas
3132
31404
31355
31797
31105
30722
29031
29006
29423
29557
28845
28098
301386
317970
280980
285390
USD
MYR
USDMYR
Malaysia Ringgit
40875
4226
4295
4316
435
42795
42375
4163
4157
4158
4069
40105
419575
435000
401050
405350
USD
PGK
USDPGK
Papau NG Kina
33357
33234
34141
34056
33572
34503
33732
34018
34297
34648
34516
34443
340431
346480
332340
348640
USD
PHP
USDPHP
Philippine Peso
50894
51024
50757
5037
50585
49795
49032
48314
4842
4838
48118
48007
4947467
5102400
4800700
4807500
USD
TWD
USDTWD
Taiwanese Dollar
30232
3024
30253
2976
29983
29448
29333
29376
28985
28598
2855
2807
2940233
3025300
2807000
2803300
USD
TRL
USDTRL
Turkish Lira
59742
6216
65765
69528
68135
68476
69639
73286
78001
8311
7835
73693
708238
831100
597420
736220
USD
ZAR
USDZAR
So African Rand
147542
156154
179346
181579
174636
172523
167385
165789
169531
163508
152422
146144
1647133
1815790
1461440
1526290
USD
INR
USDINR
India Rupee
714525
7196
755575
75
75635
7553
747325
7335
738125
74105
740425
7309
7402229
7563500
7145250
7298750
USD
SAR
USDSAR
Saudi Arabia Riyal
37516
37516
37587
37572
37551
37506
37506
37503
37508
37501
37505
37515
375238
375870
375010
375070
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
103623
104602
102577
106803
107138
107132
107667
109277
108078
106324
105091
106635
106246
109277
102577
106865
EUR
GBP
EURGBP
1 Euro to the Pound
084172
085352
08928
087108
089906
091373
090586
089227
091379
090438
089736
09026
089068
091379
084172
088280
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
106999
106388
105707
105833
10684
106931
10781
107618
108058
106823
108128
10838
107126
108380
105707
107615
OWENS ILLINOIS INC
Exchange Rates - Calendar Month End - 2019
Accounting Period
1
2
3
4
5
6
7
8
9
10
11
12
FROM
TO
Currency
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Average
High
Low
AMERICAS
USD
ARS
USDARS
Argentine Peso
3741050
3878
43635
4432
4454500
42675
43935
578655
5732
596945
597375
5985
4956573
5985000
3741050
8720000
USD
BRL
USDBRL
Brazilian Real
367900
37287
39005
39413
398090
38194
37903
41696
41571
39899
42107
40214
394617
421070
367900
543920
USD
COP
USDCOP
Colombian Peso
316290000
306967
317552
325128
336260000
319593
330106
343599
345776
338689
350988
328075
329342091
350988000
306967000
355800000
USD
PEN
USDPEN
Peru New Sol
335150
32958
33195
33099
336450
32892
32855
33937
33805
33433
33932
33148
333426
339370
328550
364270
USD
BOB
USDBOB
Bolivian Boliviano
696000
696
696
696
696
696
696
696
696
696
696
696
696000
696000
696000
690690
USD
DOP
USDDOP
Dominican Rep Peso
5030900
50171
5028
50701
5028500
50643
5072
50774
524
5281
52856
5295
5132855
5295000
5017100
5799800
USD
MXN
USDMXN
Mexico Peso
1913710
191613
193584
190288
1955140
191857
190491
201595
196839
190735
195127
189251
1929774
2015950
1892510
2035240
USD
CAD
USDCAD
Canadian Dollar
131290
13154
13438
13461
135380
13097
13138
13301
13234
13158
13286
13051
132225
134610
130510
128700
EUROPE
EUR
USD
EURUSD
EURO
115040
11377
1123
11189
111280
11362
11155
11047
10936
11164
1101
11202
111978
115040
109360
120970
USD
CHF
USDCHF
Swiss Franc
099260
09986
09959
1019
100530
09755
09911
09873
09911
09872
09985
09679
099134
101900
096790
088960
GBP
USD
GBPUSD
Pound Sterling
131260
13303
13068
12944
126070
12668
1216
12183
12296
12926
12912
13118
127913
133030
121600
137030
USD
PLN
USDPLN
Poland Zloty
372470
37912
38234
38356
385280
37408
38524
39704
40057
38128
39233
37958
384328
400570
372470
375170
USD
CZK
USDCZK
Czech Koruna
2238300
22522
22965
22923
2320450
22385
230019
234362
23629
228556
232165
226645
2290743
2362900
2238300
2154860
USD
HUF
USDHUF
Hungary Forint
27437000
27792
28516
28878
29197000
28494
29349
29989
30652
29494
30499
29533
29148455
30652000
27437000
29639000
EUR
BRL
EURBRL
Brazilian Real
423232
424214
438026
440992
442995
43396
422808
460616
45462
445432
463598
450477
441634
463598
422808
657980
USD
RUB
USDRUB
Russian Rouble
6538700
657042
647791
644333
6525850
630529
63485
66505
645088
637495
640362
619672
6432802
6650500
6196720
7617880
ASIA PAC
AUD
USD
AUDUSD
Australian Dollar
072670
07144
0709
07045
069180
0701
06897
06717
06755
06923
06775
07005
069662
072670
067170
076430
NZD
USD
NZDUSD
New Zealand Dollar
069140
06847
06789
06665
065110
06699
06599
06298
06268
06424
06422
06729
066049
069140
062680
071520
USD
CNY
USDCNY
China Renminbi
669840
6681
67244
67368
690830
68727
68809
71506
71231
70384
70321
69759
690130
715060
668100
646100
USD
HKD
USDHKD
Hong Kong Dollar
784480
78494
78499
7845
784690
781
78254
78451
7841
78354
78269
77845
783249
784990
778450
775270
USD
IDR
USDIDR
Indonesian Rupiah
13980
14065
14230
14225
1437300000
14125
14008
14225
14170
14008
14110
13870
1409236364
1423000000
1387000000
1403000000
USD
SGD
USDSGD
Singapore Dollar
134590
13486
13556
1362
137870
13536
13692
13884
13815
13604
13663
13471
136169
138840
134590
133130
USD
VND
USDVND
Viecirct Nam dong
23199
23198
23175
23280
2341300000
23299
23200
23195
23201
23199
23195
23172
2321027273
2329900000
2317200000
2305200000
USD
THB
USDTHB
Thailand Baht
3123900
31461
31808
31933
3177500
30743
30772
30637
30587
30187
30229
2987
3086055
3193300
2987000
2998400
OTHER
USD
CLP
USDCLP
Chilean Peso
66726000
65056
68319
67936
70901000
67977
70109
72096
72652
73834
82799
75163
71151545
82799000
65056000
73815000
USD
JPY
USDJPY
Japanese Yen
10880000
11089
11072
11149
10896000
10764
10854
10636
10788
10866
10947
10869
10901273
11149000
10636000
10452000
USD
KRW
USDKRW
Korean Won
111040000
111855
113511
11641
119060000
11562
11805
12081
119827
11608
11812
115568
116081000
120810000
111040000
111940000
USD
LTL
USDLTL
Lithuania Litas
300140
30349
30745
30856
310260
30387
30953
31255
31572
30925
31359
30822
308397
315720
300140
285390
USD
MYR
USDMYR
Malaysia Ringgit
408600
4069
40815
4134
419650
4141
4127
4221
4186
41755
4171
4092
413491
422100
406900
405350
USD
PGK
USDPGK
Papau NG Kina
328410
32841
32895
32841
328950
33003
33113
33167
33321
33177
3329
33768
331143
337680
328410
348640
USD
PHP
USDPHP
Philippine Peso
5205600
51729
52593
52025
5225500
51209
5081
5216
51763
50764
50809
5068
5150891
5259300
5068000
4807500
USD
TWD
USDTWD
Taiwanese Dollar
3066600
30794
3085
30925
3161500
31006
31082
31321
3103
30395
30525
29981
3077955
3132100
2998100
2803300
USD
TRL
USDTRL
Turkish Lira
521710
53184
55715
59545
590660
5776
55591
58369
56673
5707
57589
59483
566500
595450
521710
736220
USD
ZAR
USDZAR
So African Rand
1331760
13933
145893
143317
1481780
141702
141787
15335
151298
149581
147129
141242
1443459
1533500
1331760
1526290
USD
INR
USDINR
India Rupee
7099750
71135
690775
6982
6977250
689725
68865
7174
7064
70745
716975
712825
7045205
7174000
6886500
7298750
USD
SAR
USDSAR
Saudi Arabia Riyal
375030
375
37501
37501
375000
375
37503
37499
37513
37501
37497
37507
375023
375130
374970
375070
KEY CROSS RATES
AUD
NZD
AUDNZD
1 Aus Dollar to NZ Dollar
105106
104338
104434
105701
106251
104642
104516
106653
10777
107768
105497
104102
105502
107770
104102
106865
EUR
GBP
EURGBP
1 Euro to the Pound
087643
085522
085935
086442
088268
089691
091735
090676
088939
086369
08527
085394
087601
091735
085270
088280
EUR
CHF
EURCHF
1 Euro to the Swiss Franc
114189
113611
11184
114016
111870
110836
110557
109067
108387
110211
109935
108424
111007
114189
108387
107615
10
CAPITAL REDEPLOYMENT TO FUND GROWTH
$15B portfolio optimization program to fund MAGMA expansion and improve ROIC
1500
810690
$0
$200
$400
$600
$800
$1000
$1200
$1400
$1600
$1800
Proceeds fromDivestiture
Investment in Expansion Available for DebtReduction
($M
)
PORTFOLIO OPTIMIZATION PROGRAM (2019-2024)
gt 15 IRR ~ 07x lower Leverage Ratio
Current Status
REINVEST IN PROFITABLE GROWTH
IMPROVE CAPITAL
STRUCTURE
OPTIMIZE BUSINESS
PORTFOLIO
REALIGN THE
BUSINESS
O-I HAS DEPRIORITIZED INORGANIC GROWTH GIVEN GROWING COMMERCIAL PIPELINE AND MAGMArsquoS UNIQUE CAPABILITIES
1 Volume Growth Targets are gross of divestitures and net of capacity realignment2 aEPS excludes certain items management considers not representative of ongoing operations3 FCF represents Cash Flow from Operations less Capital Expenditures excluding any impact from potential funding of Paddock 524(g) trust4 Leverage ratio as defined by the companyrsquos Bank Credit Agreement (BCA) 2021 excludes any impact of potential funding of Paddock 524(g)5 aFCF reflects Cash Flow from Operations less Maintenance Capex and excludes expected one-time cash funding of Paddock 524(g) trust
2021Outlook as of November 30 2021
bull Volume1 up 4+ in FY21o 4Q21QTD up ~2 vs ~ flat guidance
bull aEPS2 $177-$182 in FY21o $030-$035 in 4Q21 102221 FXo Omicron undetermined
bull FCF3 ge $260M in FY21
bull Leverage4 ldquohigh 3rsquosrdquo at FYE21
2022Prelim Thoughts as of October 26 2021
bull Volume1 up 0-1o Limited risk that system wide inflation
will slow down demand due to stable food and beverage market channel shift resilience focus on premium categories and glass capacity constraints in many markets
bull Highly confident 2022 net price will recover unfav 2021 spread
bull $50M benefit from initiatives
bull Cap Ex $650M-$700Mo Elevated CapEx funded by proceeds
from Portfolio Optimization program
2024Targets from September 28 2021 I-Day
bull Volume1 1-2 CAGR 2022-2024
bull aEPS2 $220-$240 in 2024o Strong earnings momentum from
expansion programs heading into 2025
bull aFCF5 $400M-$450M in 2024
bull Leverage4 ~ 35x by end of 2024
BUSINESS OUTLOOK
11
12
O-I SUSTAINABILITY GOALS
Increase recycled content to 50 average by 2030 O-I is taking a tailored approach to increase recycled content rates across its enterprise network as rates vary significantly by geography
Approved SBTi target to reduce GHG emissions 25 by 2030 (interim target of 10 by 2025)
As part of our journey toward zero injuries we are committed to a 50 improvement of our Total Recordable Incident Rate (TRIR) by 2030
Reduce the amount of natural resource used and reduce the generation of waste by reuse and recycling as we drive towards a Zero Waste organization
Renewable energy is a pillar in our strategy to lower carbon emissions Our goal is to reach 40 renewable energy use by 2030 and to reduce total energy consumption by 9
We see tremendous opportunity to positively impact the planet and communities where we operate We will collaborate with customers NGOs suppliers and local leaders to make glass recycling available in 100 of our locations
Achieve sustainability balance together by aligning our supply chain with our 2030 sustainability vision and goals
We are committed to reducing our global water usage 25 by 2030 prioritizing operations in higher risk areas
Reinvent and re-imagine glassmaking ndash where the circularity of glass meets the potential of our MAGMA melting technology low-carbon alternative fuels and light-weighted glass packaging
Create a diverse and inclusive environment where people feel welcomed to create a better future for themselves each other and O-I We are focused on increasing all aspects of diversity across our team
13
CONCLUSION O-I IS AN ATTRACTIVE INVESTMENT
TRANSFORMATIONIMPROVES MARGINS EARNINGS amp ROIC
RESOLUTION OF LEGACY LIABILITIES
REDUCES RISK amp IMPROVES CASH
FLOW CONVERSION
MAGMAWILL UNLOCK SIGNIFICANT
GROWTH
OPPORTUNITY FOR HIGHER VALUATION
THROUGH SOLID EXECUTION AND
PROFITABLE GROWTH
MARKET INNOVATION amp
ESG LEADER IN THE ATTRACTIVE
GLASS SEGMENT
APPENDIX
15
PADDOCK CHAPTER 11 ndash PROGRESS AND UPDATE1
COMPLETEDCURRENTbull Phase 1 Paddock files for bankruptcy protection in Delaware and obtains initial reliefbull Phase II Paddock informally negotiates with the Asbestos Claimantsrsquo Committee and Future Claimants Representative
fiduciaries for current and future asbestos claimantsbull Phase III Paddock enters formal court-ordered mediation with Asbestos Claimantsrsquo Committee and Future Claimants
Representativebull Phase IV Paddock accepts a mediatorrsquos proposal which results in an agreement-in-principle of the material terms of a
plan of reorganization for Paddock containing a channeling injunction protecting Paddock O-I Glass and affiliatesbull Phase V Paddock Asbestos Claimantsrsquo Committee and Future Claimants Representative negotiate and finalize definitive
documents comprising Plan of Reorganization Disclosure Statement exhibits and Voting-related documents
REMAININGbull Phase VI Paddock files Plan of Reorganization Disclosure Statement and Voting-related documents with Bankruptcy
Court which then approves disclosure and voting materials and sets voting deadlinebull Phase VII Paddock solicits votes from asbestos claimants and obtains at least 75 approval of asbestos claimants who
actually votebull Phase VIII Bankruptcy Court confirms the Plan District Court affirms the Confirmation Order and Paddock emerges
from bankruptcy and funds the Asbestos Trust
1 Although the above description represents what has occurred and what O-I Glass currently anticipates is likely to occur in Paddockrsquos chapter 11 case O-I Glass makes no representation or guarantee that Paddockrsquos actual plan process will not deviate from or contain steps in addition to the steps set forth above
Current Status
16
SEGMENT FX IMPACT ON EARNINGS
APPROXIMATE ANNUAL IMPACT ON FX RATES AT KEY POINTSEPS FROM 10 FX CHANGE Oct 22 AVG AVG AVG AVG
The company uses certain non-GAAP financial measures which are measures of its historical or future financial performance that are not calculated and presented in accordance with GAAP within the meaning of applicable SEC rules Management believes that its presentation and use of certain non-GAAP financial measures including adjusted earnings adjusted earnings per share adjusted free cash flow free cash flow net debt and credit agreement EBITDA provide relevant and useful supplemental financial information that is widely used by analysts and investors as well as by management in assessing both consolidated and business unit performance These non-GAAP measures should be considered supplemental in nature and should not be considered in isolation or be construed as being more important than comparable GAAP measures
Adjusted earnings relates to net earnings from continuing operations attributable to the company exclusive of items management considers not representative of ongoing operations because such items are not reflective of the companyrsquos principal business activity which is glass container production Adjusted earnings are divided by weighted average shares outstanding (diluted) to derive adjusted earnings per share Management uses adjusted earnings and adjusted earnings per share to evaluate its period-over-period operating performance because it believes these provide useful supplemental measures of the results of operations of its principal business activity by excluding items that are not reflective of such operations Adjusted earnings and adjusted earnings per share may be useful to investors in evaluating the underlying operating performance of the companyrsquos business as these measures eliminate items that are not reflective of its principal business activity
Leverage ratio is defined as net debt divided by credit agreement EBITDA (as defined in the Companyrsquos bank credit agreement) Net debt is defined as total debt less cash Management uses net debt to analyze the liquidity of the company Further free cash flow relates to cash provided by continuing operating activities less cash payments for property plant and equipment Management has historically used free cash flow to evaluate its period-over-period cash generation performance because it believes this has provided a useful supplemental measure related to its principal business activity Adjusted free cash flow relates to cash provided by operating activities less cash payments for property plant and equipment that are related to maintenance activities and exclude the expected one-tine cash payment of the Paddock 524(g) trust Management uses non-GAAP information principally for internal reporting forecasting budgeting and calculating compensation payments
The Company routinely posts important information on its website at o-icominvestors
NON-GAAP FINANCIAL MEASURES
18
ADDITIONAL RECONCILIATIONS
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures free cash flow and adjusted free cash flow for all periods after December 31 2021 to its most directly comparable US GAAP financial measure Cash provided by operating activities without unreasonable effort This is due to potentially high variability complexity and low visibility in the relevant future periods of components of cash provided by operating activities and cash spent on property plant and equipment as well as items that would be excluded from cash provided by operating activities The variability of these excluded items and other components of cash provided by operating activities may have a significant and potentially unpredictable impact on the Companys future financial results
Unaudited Forecasted Year EndedDecember 31 2021
Cash provided by operating activities 660$ Cash payments for maintenance-related property plant and equipment 310 Adjusted Free Cash Flow (non-GAAP) 350$
Cash payments for strategic-related property plant and equipment 90Free Cash Flow (non-GAAP) 260$
For the year ending December 31 2021 and all periods after the Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measure net debt divided by Credit Agreement EBITDA to its most directly comparable US GAAP financial measure Net Earnings because management can not reliably predict all of the necessary components of this US GAAP financial measure without unreasonable efforts Net Earnings includes several significant items such as restructuring asset impairment and other charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar non-GAAP adjustments are inherently unpredictable as to if and when they may occur The inability to provide a reconciliation is due to that unpredictability and the related difficulties in assessing the potential financial impact of the non-GAAP adjustments For the same reasons the Company is unable to address the probable significance of the unavailable information which could be material to the Companyrsquos future financial results
The Company is unable to present a quantitative reconciliation of its forward-looking non-GAAP measures adjusted earnings and adjusted earnings per share for the year ending December 31 2021 and all periods after to its most directly comparable GAAP financial measure earnings from operations attributable to the Company because management cannot reliably predict all of the necessary components of the GAAP financial measures without unreasonable efforts Earnings from operations attributable to the Company includes several significant items such as restructuring charges asset impairment charges charges for the write-off of finance fees and the income tax effect on such items The decisions and events that typically lead to the recognition of these and other similar items are complex and inherently unpredictable and the amount recognized for each item can vary significantly Accordingly the Company is unable to provide a reconciliation of adjusted earnings and adjusted earnings per share to earnings from operations attributable to the Company or address the probable significance of the unavailable information which could be material to the Companys future financial results
