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​ ​ ​	Ann t. Scott 303-460-3537, ascott@ball.com Bradford Walton 415-254-7168，Bradford.Walton@ball.com ​
新聞稿 立即發佈 www.ball.com	​ 投資者聯繫：Brandon Potthoff 303-460-2120, bpotthof@ball.com 媒體聯繫人：Bradford Walton 415-254-7168, Bradford.Walton@ball.com

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Ball公司公佈2024年第三季度業績報告

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科羅拉多州西敏市， 2024年10月31日 – Ball公司（紐交所：BALL）今日報告了第三季度業績。今天發佈的淨銷售和可比營運收益並不包括公司以前的航空航天業務。年度淨利潤歸公司本人以及可比淨利潤確實包括該公司截至2024年2月16日出售日的航空航天業務的表現。根據美國通用會計準則，公司報告，2024年第三季度淨利潤歸公司本人爲19700萬美元（包括納入企業合併和其他不可比項目的淨稅後損失8100萬美元，每股攤薄後的稅後淨損失0.26美元）或每股65美分，銷售額爲30.8億美元，而2023年同期淨利潤歸公司本人爲20300萬美元，每股64美分（包括納入企業合併和其他不可比項目的淨稅後損失6000萬美元，每股攤薄後的稅後淨損失0.19美元）, 銷售額爲31.1億美元。2024年前9個月的業績淨利潤歸公司本人爲40.4億美元（包括航空航天業務出售、企業合併和其他不可比項目的稅後淨盈利33.1億美元）, 每股12.96美元，銷售額爲89.2億美元，而2023年前9個月的業績淨利潤歸公司本人爲55300萬美元, 每股1.74美元，銷售額爲91.6億美元。

2024財年第三季度和截至目前的每股攤薄收益分別爲91美分和2.33美元，而2023財年第三季度和截至目前的每股攤薄收益分別爲83美分和2.13美元。

“我們在第三季度取得了強勁的業績，並在2024年前九個月向股東返還了12.5億美元。藉助我們強大的財務狀況和更精益的運營模式，儘管在某些地理位置的當前終端消費者環境下，該公司仍然獨特地定位於推動可持續鋁包裝更廣泛使用的宗旨。我們繼續通過推動創新來補充我們的宗旨

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“尼爾森集團董事長兼首席執行官丹尼爾·費舍爾表示：「在全球範圍內實現可持續發展，釋放額外的製造效益，實現長期股東價值的穩定傳遞。」

可在隨附本次新聞發佈的未經審計的簡明綜合財務報表附註中找到報表分支可比經營收益、業務整合和其他活動、業務部門描述和其他不可比項目的詳細信息。與成交量數據有關的參考資料表示出貨量單位。

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飲料包裝，北美和中美

第三季度2024年飲料包裝，北美和中美，可比業務經營收益爲1.4億美元，銷售額爲14.6億美元，而2023年同期爲19600萬美元，銷售額爲15.4億美元。第三季度銷售額下降反映出年度銷量和價格/類型比率較低。

第三季度分部可比業務經營收益同比增加，主要是由於價格/類型部分抵消了銷量下降的3.1%。儘管終端消費者持續面臨經濟壓力，但鋁製飲料罐仍然優於其他基材。未來，固定和變動成本削減舉措以及提升運營效率預計將在2024年餘下時間及以後取得改善成果。

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飲料 包裝歐洲、中東、非洲

2024年第三季度，飲料包裝、歐洲、中東、非洲，可比經營收益爲12800萬美元，銷售額爲95000萬美元，相比於2023年同期的10300萬美元和90200萬美元。第三季度銷售主要反映出更高的成交量。

第三季度可比經營收益反映出成交量增長了6.7%。包裝結構轉向鋁罐，得到了某些國家持續進行的包裝立法支持，繼續成爲鋁飲料包裝增長的推動因素。展望未來，可持續性助力和運營效率的改善預計將改善業績。

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飲料 包裝, 南美洲

2024年第三季度，南美洲飲料包裝業務部門可比營運收益爲7800萬美元，銷售額爲48400萬美元，相比於2023年同期的6100萬美元和48900萬美元。第三季度銷售額反映出成交量下降，部分被價格/產品組合所抵消。

第三季度業務部門可比營運收益同比增加 由有利的價格/產品組合驅動，部分被銷售量下降10.0%所抵消 季度銷售量受阿根廷經濟和運營環境擾動的持續影響以及巴西季末出現的需求超過供應而推動。在阿根廷，公司繼續爲客戶提供服務，並評估在不斷變化的經濟和政策環境下的風險。在整個南美洲，預計跨多年的客戶倡議以增加可持續鋁包裝的使用將繼續推進。

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不可報告

不可申報包括未分配的公司支出（扣除企業利息收入）、公司全球鋁氣霧劑業務的業績、印度、沙特阿拉伯和緬甸的飲料罐製造設施以及公司的鋁杯業務。

2024年第三季度業績的改善反映了鋁包裝業務的可比營業收益的增加，部分被未分配企業支出同比增加所抵消。該公司的全球鋁製氣霧劑、鋁瓶和杯子客戶繼續與Ball合作，以激活增長機會，爲個人和家庭護理品牌提供量身定製的產品，爲水、其他飲料和場所的特定需求重新填充和重複使用包裝，以推動循環經濟。

10月下旬，該公司完成了對歐洲影響力的擠壓鋁包裝企業Alucan Entec, S.A. 的收購，收購價爲8200萬歐元（按截至收盤日的匯率計算爲8,800萬美元），但須進行慣例收盤調整，這反映了約7.4倍的誘人息稅折舊攤銷前利潤倍數。此次收購補充了鮑爾現有的全球擠壓鋁氣霧劑和瓶子業務，在比利時盧門和西班牙利納斯德爾瓦萊斯附近增加了兩個製造工廠，以及相關合同和其他相關資產。

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外表

“我們公司表現良好，有望實現或超過我們規定的可比收益增長目標，並有望在2024年爲股東帶來超過16億美元的回報。通過持續執行推動持續改進和卓越運營的計劃，我們由此產生的強勁自由現金流將使我們能夠爲股東帶來可觀的價值，同時也可以在未來幾年謹慎地投資我們的業務，” 執行副總裁兼首席財務官霍華德·餘說。

“我們的全球團隊專注於按目標和步伐執行我們的企業戰略，以推進鋁包裝的發展，持續提供高質量的結果、產品和退貨。2024年，我們有望實現中等個位數加上可比的攤薄後每股收益增長，產生強勁的自由現金流和EVA，同時還通過股票回購和分紅相結合爲股東帶來可觀的價值。我們將繼續利用我們一流的足跡、產品組合和運營人才的優勢。我要感謝我們的員工爲在2025年及以後持續實現可比的攤薄後每股收益增長超過10％所做的辛勤工作，” 費舍爾說。

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About Ball Corporation

Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products customers. Ball Corporation employs 16,000 people worldwide and reported 2023 net sales of $12.06 billion, which excludes the divested aerospace business. For more information, visit www.ball.com, or connect with us on Facebook or X (Twitter).

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Conference Call Details

Ball Corporation (NYSE: BALL) will hold its third quarter 2024 earnings call today at 9 a.m. Mountain time (11 a.m. Eastern). The North American toll-free number for the call is +1 877-497-9071. International callers should dial +1 201-689-8727. Please use the following URL for a webcast of the live call:

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https://event.choruscall.com/mediaframe/webcast.html?webcastid=0McTrGVD

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For those unable to listen to the live call, a webcast replay and written transcript of the call will be posted within 48 hours of the call's conclusion to Ball's website at www.ball.com/investors under "news and presentations."

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Forward-Looking Statement

This release contains "forward-looking" statements concerning future events and financial performance. Words such as "expects," "anticipates," "estimates," "believes," and similar expressions typically identify forward looking statements, which are generally any statements other than statements of historical fact. Such statements are based on current expectations or views of the future and are subject to risks and uncertainties, which could cause actual results or events to differ materially from those expressed or implied. You should therefore not place undue reliance upon any forward-looking statements, and they should be read in conjunction with, and qualified in their entirety by, the cautionary statements referenced below. Ball undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key factors, risks and uncertainties that could cause actual outcomes and results to be different are summarized in filings with the Securities and Exchange Commission, including Exhibit 99 in Ball's Form 10-K, which are available on Ball's website and at www.sec.gov. Additional factors that might affect: a) Ball's packaging segments include product capacity, supply, and demand constraints and fluctuations and changes in consumption patterns; availability/cost of raw materials, equipment, and logistics; competitive packaging, pricing and substitution; changes in climate and weather and related events such as drought, wildfires, storms, hurricanes, tornadoes and floods; footprint adjustments and other manufacturing changes, including the opening and closing of facilities and lines; failure to achieve synergies, productivity improvements or cost reductions; unfavorable mandatory deposit or packaging laws; customer and supplier consolidation; power and supply chain interruptions; changes in major customer or supplier contracts or loss of a major customer or supplier; inability to pass through increased costs; war, political instability and sanctions, including relating to the situation in Russia and Ukraine and its impact on Ball's supply chain and its ability to operate in Europe, the Middle East and Africa regions generally; changes in foreign exchange or tax rates; and tariffs, trade actions, or other governmental actions, including business restrictions and orders affecting goods produced by Ball or in its supply chain, including imported raw materials; and b) Ball as a whole include those listed above plus: the extent to which sustainability-related opportunities arise and can be capitalized upon; changes in senior management, succession, and the ability to attract and retain skilled labor; regulatory actions or issues including those related to tax, environmental, social and governance reporting, competition, environmental, health and workplace safety, including U.S. Federal Drug Administration and other actions or public concerns affecting products filled in Ball's containers, or chemicals or substances used in raw materials or in the manufacturing process; technological developments and innovations; the ability to manage cyber threats; litigation; strikes; disease; pandemic; labor cost changes; inflation; rates of return on assets of Ball's defined benefit retirement plans; pension changes; uncertainties surrounding geopolitical events and governmental policies; reduced cash flow; interest rates affecting Ball's debt; successful or unsuccessful joint ventures, acquisitions and divestitures, and their effects on Ball's operating results and business generally.

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Ball Corporation

Condensed Financial Statements (Third Quarter 2024)

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Unaudited Condensed Consolidated Statements of Earnings

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Ball Corporation

Condensed Financial Statements (Third Quarter 2024)

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Unaudited Condensed Consolidated Statements of Cash Flows

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Ball Corporation

Condensed Financial Statements (Third Quarter 2024)

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Unaudited Condensed Consolidated Balance Sheets

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Ball Corporation

Notes to the Condensed Financial Statements (Third Quarter 2024)

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1. U.S. GAAP Measures

Business Segment Information

Ball’s operations are organized and reviewed by management along its product lines and geographical areas.

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On February 16, 2024, the company completed the divestiture of its aerospace business. The transaction represents a strategic shift; therefore, the company’s consolidated financial statements reflect the aerospace business’ financial results as discontinued operations for all periods presented. The aerospace business was historically presented as a reportable segment. Effective as of the first quarter of 2024, the company reports its financial performance in the three reportable segments outlined below: (1) beverage packaging, North and Central America; (2) beverage packaging, Europe, Middle East and Africa (beverage packaging, EMEA) and (3) beverage packaging, South America.

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Beverage packaging, North and Central America: Consists of operations in the U.S., Canada and Mexico that manufacture and sell aluminum beverage containers throughout those countries.

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Beverage packaging, EMEA: Consists of operations in numerous countries throughout Europe, as well as Egypt and Turkey, that manufacture and sell aluminum beverage containers throughout those countries.

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Beverage packaging, South America: Consists of operations in Brazil, Argentina, Paraguay and Chile that manufacture and sell aluminum beverage containers throughout most of South America.

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Other consists of a non-reportable operating segment (beverage packaging, other) that manufactures and sells aluminum beverage containers in India, Saudi Arabia and Myanmar; a non-reportable operating segment that manufactures and sells extruded aluminum aerosol containers and recloseable aluminum bottles across multiple consumer categories as well as aluminum slugs (aerosol packaging) throughout North America, South America, Europe, and Asia; a non-reportable operating segment that manufactures and sells aluminum cups (aluminum cups); undistributed corporate expenses; and intercompany eliminations and other business activities.

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The company also has investments in operations in Guatemala, Panama, the U.S. and Vietnam that are accounted for under the equity method of accounting and, accordingly, those results are not included in segment sales or earnings.

In the third quarter of 2023, Ball entered into a Stock Purchase Agreement (Agreement) with BAE Systems, Inc. (BAE) and, for the limited purposes set forth therein, BAE Systems plc, to sell all outstanding equity interests in Ball’s aerospace business. On February 16, 2024, the company completed the divestiture of the aerospace business for a purchase price of $5.6 billion, subject to working capital adjustments and other customary closing adjustments under the terms of the Agreement. The company is in the process of finalizing the working capital adjustments and other customary closing adjustments with BAE, which is currently expected to be completed in 2024 and may adjust the final cash proceeds and gain on sale amounts. The divestiture resulted in a pre-tax gain of $4.67 billion, which is net of $20 million of costs to sell incurred and paid in 2023 related to the disposal. Cash proceeds received at close from the sale of $5.42 billion, net of the cash disposed, are presented in business dispositions, net of cash sold, in the unaudited condensed consolidated statement of cash flows for the nine months ended September 30, 2024. The company expects to pay approximately $950 million in income taxes related to the transaction throughout 2024, of which $484 million has been paid as of September 30, 2024. The remaining amount of income taxes related to the transaction is recorded in payables and other accrued liabilities in the unaudited condensed consolidated balance sheet. Additionally, the completion of the divestiture resulted in the removal of the aerospace business from the company’s obligor group, as the business no longer guarantees the company’s senior notes and senior credit facilities.

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Ball Corporation

Notes to the Condensed Financial Statements (Third Quarter 2024)

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Discontinued Operations

The following table presents components of discontinued operations, net of tax for the three and nine months ended September 30, 2024 and 2023:

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Ball Corporation

Notes to the Condensed Financial Statements (Third Quarter 2024)

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2. Non-U.S. GAAP Measures

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Non-U.S. GAAP Measures – Non-U.S. GAAP measures should not be considered in isolation. They should not be considered superior to, or a substitute for, financial measures calculated in accordance with U.S. GAAP and may not be comparable to similarly titled measures of other companies. Presentations of earnings and cash flows presented in accordance with U.S. GAAP are available in the company's earnings releases and quarterly and annual regulatory filings. Information reconciling forward-looking U.S. GAAP measures to non-U.S. GAAP measures is not available without unreasonable effort. We have not provided guidance for the most directly comparable U.S. GAAP financial measures, as they are not available without unreasonable effort due to the high variability, complexity and low visibility with respect to certain special items, including restructuring charges, business consolidation and other activities, gains and losses related to acquisition and divestiture of businesses, the ultimate outcome of certain legal or tax proceedings and other non-comparable items. These items are uncertain, depend on various factors and could be material to our results computed in accordance with U.S. GAAP.

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Comparable Earnings Before Interest, Taxes, Depreciation and Amortization (Comparable EBITDA) - Comparable EBITDA is earnings before interest expense, taxes, depreciation and amortization, business consolidation and other non-comparable items.

Comparable Operating Earnings - Comparable Operating Earnings is earnings before interest expense, taxes, business consolidation and other non-comparable items.

Comparable Net Earnings - Comparable Net Earnings is net earnings attributable to Ball Corporation before business consolidation and other non-comparable items after tax.

Comparable Diluted Earnings Per Share - Comparable Diluted Earnings Per Share is Comparable Net Earnings divided by diluted weighted average shares outstanding.

Net Debt - Net Debt is total debt less cash and cash equivalents, which are derived directly from the company’s financial statements.

Free Cash Flow - Free Cash Flow is typically derived directly from the company's cash flow statements and is defined as cash flows from operating activities less capital expenditures; and, it may be adjusted for additional items that affect comparability between periods. Free Cash Flow is not a defined term under U.S. GAAP, and it should not be inferred that the entire free cash flow amount is available for discretionary expenditures.

Adjusted Free Cash Flow - Adjusted Free Cash Flow is defined as Free Cash Flow adjusted for payments made for income tax liabilities related to the Aerospace disposition and other material dispositions. Adjusted Free Cash Flow is not a defined term under U.S. GAAP, and it should not be inferred that the entire Adjusted Free Cash Flow amount is available for discretionary expenditures.

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We use Comparable EBITDA, Comparable Operating Earnings, Comparable Net Earnings, and Comparable Diluted Earnings Per Share internally to evaluate the company's operating performance. Ball management uses Interest Coverage (Comparable EBITDA to interest expense) and Leverage (Net Debt to Comparable EBITDA) as metrics to monitor the credit quality of Ball Corporation. Management internally uses free cash flow measures to: (1) evaluate the company's liquidity, (2) evaluate strategic investments, (3) plan stock buyback and dividend levels and (4) evaluate the company's ability to incur and service debt. Note that when non-U.S. GAAP measures exclude amortization of acquired Rexam intangibles, the measures include the revenue of the acquired entities and all other expenses unless otherwise stated and the acquired assets contribute to revenue generation.

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Please see the company’s website for further details of the company’s non-U.S. GAAP financial measures at www.ball.com/investors under the “Financials” tab.

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A summary of the effects of non-comparable items on after tax earnings is as follows:

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Ball Corporation

Notes to the Condensed Financial Statements (Third Quarter 2024)

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In the first quarter of 2023, Ball announced the planned closure of its aluminum beverage can manufacturing facility in Wallkill, New York. Production permanently ceased at this facility in the third quarter of 2023. The charges for the three and nine months ended September 30, 2023, primarily were composed of costs for employee severance and benefits, accelerated depreciation and other shutdown costs related to this closure.

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A summary of the effects of non-comparable items on earnings before taxes is as follows:

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Ball Corporation

Notes to the Condensed Financial Statements (Third Quarter 2024)

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A summary of Comparable EBITDA, Net Debt, Interest Coverage and Leverage is as follows:

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A summary of free cash flow and adjusted free cash flow is as follows:

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