Ardagh Metal Packaging S.A. (NYSE:AMBP) Q1 2022 Results Conference Call April 28, 2022 9:00 AM ET

Company Participants

Oliver Graham - CEO

David Bourne - CFO

Conference Call Participants

George Staphos - Bank of America

Mark Wilde - Bank of Montreal

Kyle White - Deutsche Bank

Arun Viswanathan - RBC Capital Markets

Roger Spitz - Bank of America

Jay Mayers - Goldman Sachs

Paul Brennan - Golden Tree

Gabe Hajde - Wells Fargo Securities

Ed Brucker - Barclays

Operator

Welcome to the Ardagh Metal Packaging S.A. First Quarter 2022 Update Call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Mr. Oliver Graham, CEO of Ardagh Metal Packaging. Please go ahead, sir.

Oliver Graham

Thanks, Jess. So welcome, everybody, and thank you for joining today for Ardagh Metal Packaging's first quarter 2022 earnings call, which follows the earlier publication of AMP's earnings release for the first quarter.

I'm joined today by David Bourne, AMP's Chief Financial Officer; and by Stephen Lyons, AMP's Investor Relations Officer.

Before moving to your questions, I will first provide some introductory remarks around the impact from the current war in Ukraine, AMP's performance and outlook. Remarks today will include certain forward-looking statements. These reflect circumstances at the time they are made, and the company expressly disclaims any obligation to update or revise any forward-looking statements.

Actual results or outcomes may differ materially from those that may be expressed or implied due to a wide range of factors, including those set forth in AMP's SEC filings and news releases.

AMP's earnings release and related materials for the first quarter can be found on AMP's website at ardaghmetalpackaging.com. Information regarding the use of non-GAAP financial measures may also be found in the Notes section of the release, which also includes a reconciliation to the most comparable GAAP measures of adjusted EBITDA, adjusted operating cash flow and adjusted free cash flow.

Details of AMP's statutory forward-looking statements disclaimer can be found in AMP's SEC filings.

Before I turn to the trading performance in the first quarter and the outlook, let me first make a few comments on the Ukraine, Russia conflict. When we presented our quarter 4 results on the 24th of February, we could not have envisaged the consequences of Russia's invasion of Ukraine that same day. Like so many people globally, we are horrified of the events currently taking place in Ukraine and hope that this conflict is brought to a halt as soon as it's possible.