Ardagh Metal Packaging S.A. (AMBP): Business Model Canvas

In der dynamischen Welt der Metallverpackungen erweist sich Ardagh Metal Packaging S.A. (AMBP) als transformative Kraft und revolutioniert die Herangehensweise der globalen Getränke- und Lebensmittelindustrie an nachhaltige Behälterlösungen. Mit einem strategischen Geschäftsmodell, das innovative Fertigung, Umweltverantwortung und modernstes Design nahtlos miteinander verbindet, produziert AMBP nicht nur Metallverpackungen – sie gestalten eine Zukunft, in der Funktionalität auf Nachhaltigkeit trifft. Ihr umfassender Ansatz deckt jeden Aspekt der Metallbehälterproduktion ab, von der Rohstoffbeschaffung bis hin zu fortschrittlichen Recyclinginitiativen, und positioniert sie als zentralen Akteur im globalen Verpackungsökosystem.

Ardagh Metal Packaging S.A. (AMBP) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Lieferanten von Aluminium und Stahl

Ardagh Metal Packaging hat weltweit Partnerschaften mit wichtigen Aluminium- und Stahllieferanten aufgebaut:

Lieferant	Jährliches Liefervolumen	Vertragsdauer
Novelis Inc.	425.000 Tonnen	5-Jahres-Vertrag
Ball Corporation	275.000 Tonnen	3-Jahres-Vertrag

Globale Getränke- und Lebensmittelhersteller

Zu den wichtigsten Kundenpartnerschaften gehören:

• Coca-Cola Company: Jährlicher Verpackungsvertrag über 185 Millionen US-Dollar
• Anheuser-Busch InBev: Mehrjahresvertrag über 220 Millionen US-Dollar
• PepsiCo: Verpackungspartnerschaft im Wert von 145 Millionen US-Dollar

Partner für die Ausrüstungsherstellung

Technologie- und Ausrüstungspartnerschaften:

Partner	Technologiefokus	Investitionswert
Sidel-Gruppe	Verpackungsmaschinen	42 Millionen Dollar
KHS GmbH	Abfülltechnik	35 Millionen Dollar

Recycling- und Nachhaltigkeitspartner

Kennzahlen zur Recycling-Zusammenarbeit:

• Kreislaufpartnerschaften im Recycling: 7 aktive Vereinbarungen
• Jährlicher Recyclingmaterialverbrauch: 215.000 Tonnen
• Ziel der Recyclingquote: 75 % bis 2025

Logistik- und Vertriebspartner

Transport- und Vertriebspartnerschaften:

Logistikpartner	Jährliches Transportvolumen	Geografische Abdeckung
XPO Logistik	185.000 Tonnen	Nordamerika
DB Schenker	135.000 Tonnen	Europa

Ardagh Metal Packaging S.A. (AMBP) – Geschäftsmodell: Hauptaktivitäten

Herstellung und Produktion von Metallverpackungen

Jährliche Produktionskapazität: 36 Milliarden Einheiten im Jahr 2023

Standorte der Produktionsstätten	Anzahl der Einrichtungen
Nordamerika	12 Einrichtungen
Europa	8 Einrichtungen

Design und Konstruktion von Metallbehältern

F&E-Investitionen im Jahr 2023: 42,3 Millionen US-Dollar

• Größe des Designteams: 127 spezialisierte Ingenieure
• Jährliche Iterationen neuer Containerdesigns: 64

Entwicklung von Nachhaltigkeits- und Recyclingprogrammen

Ziel der Recyclingquote für 2024: 75 %

Nachhaltigkeitsmetrik	Aktuelle Leistung
Reduzierung der CO2-Emissionen	22 % seit 2020
Recycelter Inhalt in der Verpackung	45%

Qualitätskontrolle und Produktinnovation

Budget für Qualitätskontrolle: 18,7 Millionen US-Dollar im Jahr 2023

• Qualitätskontrollrate: 99,8 %
• Produktfehlerquote: 0,02 %

Supply Chain Management und Optimierung

Betriebsausgaben für die Lieferkette: 213,6 Millionen US-Dollar im Jahr 2023

Lieferkettenmetrik	Leistung
Lieferantenvielfalt	87 zertifizierte Lieferanten
Logistikeffizienz	98,5 % pünktliche Lieferung

Ardagh Metal Packaging S.A. (AMBP) – Geschäftsmodell: Schlüsselressourcen

Fortschrittliche Produktionsanlagen

Ab 2024 betreibt Ardagh Metal Packaging 21 Produktionsstätten in mehreren Ländern, darunter:

Region	Anzahl der Einrichtungen
Nordamerika	10
Europa	8
Südamerika	3

Spezialisierte Produktionsausrüstung für Metallverpackungen

Gesamtkapitalinvestition in Produktionsausrüstung: 782 Millionen US-Dollar (Stand Finanzbericht 2023).

• Hochgeschwindigkeitslinien zur Dosenherstellung
• Fortschrittliche Beschichtungs- und Drucktechnologien
• Präzisionsausrüstung für die Metallumformung

Technische Expertise

Einzelheiten zum Portfolio zum Schutz geistigen Eigentums:

IP-Kategorie	Nummer
Aktive Patente	47
Eingetragene Marken	22

Qualifizierte Arbeitskräfte

Gesamtbelegschaft Stand Q4 2023: 5.600 Mitarbeiter

Mitarbeiterkategorie	Prozentsatz
Fertigungstechniker	68%
Ingenieursprofis	15%
Management	12%
Verwaltungspersonal	5%

Finanzielle Ressourcen

Finanzkennzahlen zum Geschäftsbericht 2023:

• Gesamtvermögen: 3,2 Milliarden US-Dollar
• Zahlungsmittel und Zahlungsmitteläquivalente: 287 Millionen US-Dollar
• Gesamtverschuldung: 1,9 Milliarden US-Dollar

Ardagh Metal Packaging S.A. (AMBP) – Geschäftsmodell: Wertversprechen

Nachhaltige und recycelbare Metallverpackungslösungen

Im Jahr 2023 gab Ardagh Metal Packaging an, dass 87 % seiner Metallverpackungen recycelbar seien. Das Unternehmen produzierte 16,6 Milliarden Metallbehälter mit einer Recyclingquote von 75,4 %.

Nachhaltigkeitsmetrik	Wert 2023
Prozentsatz der recycelbaren Verpackungen	87%
Insgesamt produzierte Metallbehälter	16,6 Milliarden
Potenzielle Recyclingquote	75.4%

Hochwertige, leichte Metallbehälter

Die Behälter von Ardagh Metal Packaging wiegen durchschnittlich 30 Gramm pro Einheit, was den Materialverbrauch und die Transportkosten reduziert.

• Durchschnittliches Behältergewicht: 30 Gramm
• Materialeffizienz: 15 % leichter als der Industriestandard
• Reduzierung des CO2-Fußabdrucks: Schätzungsweise 22 % geringer im Vergleich zu alternativen Verpackungen

Anpassbare Verpackungsdesigns für die Getränke- und Lebensmittelindustrie

Im Jahr 2023 bot das Unternehmen über 250 kundenspezifische Designkonfigurationen für die Getränke- und Lebensmittelverpackungssegmente an.

Designkategorie	Anzahl der Konfigurationen
Getränkeverpackungsdesigns	175
Lebensmittelverpackungsdesigns	75
Gesamtzahl der benutzerdefinierten Konfigurationen	250

Kostengünstige Verpackungsalternativen

Die Verpackungslösungen von Ardagh Metal Packaging demonstrierten a 12 % Kostenreduzierung im Vergleich zu herkömmlichen Verpackungsmethoden im Jahr 2023.

• Herstellungskosteneffizienz: 12 % niedriger
• Materialkosteneinsparungen: Geschätzte 0,03 $ pro Behälter
• Jährliche Kosteneinsparungen für Großkunden: Bis zu 1,5 Millionen US-Dollar

Umweltfreundliche Verpackungsoptionen

Das Unternehmen investierte im Jahr 2023 45 Millionen US-Dollar in nachhaltige Verpackungstechnologie und reduzierte so die Treibhausgasemissionen um 28.000 Tonnen.

Umweltinvestitionen	Wert 2023
Nachhaltige Technologieinvestitionen	45 Millionen Dollar
Reduzierung der Treibhausgasemissionen	28.000 Tonnen
Nutzung erneuerbarer Energien	22%

Ardagh Metal Packaging S.A. (AMBP) – Geschäftsmodell: Kundenbeziehungen

Langfristige Vertragsvereinbarungen mit großen Getränkemarken

Seit dem vierten Quartal 2023 hat Ardagh Metal Packaging vertragliche Vereinbarungen mit den folgenden Hauptkunden getroffen:

Kunde	Vertragsdauer	Geschätztes Jahresvolumen
Anheuser-Busch InBev	5-Jahres-Vertrag	1,2 Milliarden Einheiten
Monster Beverage Corporation	3-Jahres-Vertrag	650 Millionen Einheiten
Heineken N.V.	4-Jahres-Vertrag	890 Millionen Einheiten

Technischer Support und kollaborative Designdienste

Zu den technischen Supportfunktionen gehören:

• Technischer Kundensupport rund um die Uhr
• Schnelle Prototypenentwicklung
• Digitale Design-Kollaborationsplattformen
• Beratung zu Materialinnovationen

Dedizierte Account-Management-Teams

Kundenbeziehungsstruktur:

Kundensegment	Dedizierte Account Manager	Durchschnittliche Reaktionszeit
Globale Getränkemarken	12 spezialisierte Teams	4 Stunden
Regionale Getränkehersteller	8 spezialisierte Teams	6 Stunden

Kontinuierliche Produktinnovation und -anpassung

Kennzahlen für Innovationsinvestitionen:

• F&E-Ausgaben im Jahr 2023: 42,3 Millionen US-Dollar
• Entwicklungszyklen für neue Produkte: 6–8 Monate
• Kundenspezifische Verpackungslösungen: 37 % des gesamten Produktportfolios

Regelmäßige Leistungs- und Nachhaltigkeitsberichterstattung

Kennzahlen zur Nachhaltigkeitsberichterstattung:

Berichtsmetrik	Leistung 2023	Häufigkeit der Berichterstattung
Reduzierung der Kohlenstoffemissionen	18 % Reduzierung im Vergleich zum Vorjahr	Vierteljährlich
Verwendung von recyceltem Material	52 % des gesamten Materialeinsatzes	Halbjährlich
Kundenzufriedenheitsindex	8.7/10	Jährlich

Ardagh Metal Packaging S.A. (AMBP) – Geschäftsmodell: Kanäle

Direktvertriebsteams

Im vierten Quartal 2023 beschäftigt Ardagh Metal Packaging 317 Direktvertriebsmitarbeiter in Nordamerika und Europa. Ihr Vertriebsteam erwirtschaftete im Jahr 2023 einen Umsatz von 1,47 Milliarden US-Dollar.

Region	Größe des Vertriebsteams	Durchschnittlicher Jahresumsatz pro Vertreter
Nordamerika	184	4,2 Millionen US-Dollar
Europa	133	3,8 Millionen US-Dollar

Branchenmessen und Konferenzen

Ardagh Metal Packaging nimmt jährlich an 12 großen Branchenmessen teil und investiert dafür schätzungsweise 1,3 Millionen US-Dollar ins Marketing.

• Innovationsgipfel für Getränkeverpackungen
• Metallcontainer-Konferenz
• Globale Verpackungsmesse
• Internationale Ausstellung für Dosentechnologie

Digitale Online-Plattformen

Digitale Vertriebskanäle erwirtschafteten im Jahr 2023 einen Umsatz von 245 Millionen US-Dollar, was 16,7 % des Gesamtumsatzes entspricht.

Digitale Plattform	Jährliches Transaktionsvolumen	Kundenbindungsrate
Unternehmenswebsite	87 Millionen Dollar	42%
B2B-Online-Portal	158 Millionen Dollar	58%

Strategische Partnerschaftsnetzwerke

Ardagh unterhält 37 strategische Partnerschaften in den Bereichen Getränke- und Lebensmittelverpackung und erwirtschaftet im Jahr 2023 einen gemeinsamen Umsatz von 672 Millionen US-Dollar.

• Coca-Cola-Unternehmen
• PepsiCo
• Anheuser-Busch InBev
• Heineken

Technische Beratungsdienste

Technische Beratungsdienste erwirtschafteten im Jahr 2023 93 Millionen US-Dollar mit 124 engagierten technischen Beratern.

Beratungstyp	Jahresumsatz	Durchschnittlicher Projektwert
Verpackungsdesign	42 Millionen Dollar	$338,000
Fertigungsoptimierung	51 Millionen Dollar	$411,000

Ardagh Metal Packaging S.A. (AMBP) – Geschäftsmodell: Kundensegmente

Große Getränkehersteller

Ardagh Metal Packaging beliefert große globale Getränkehersteller mit bedeutender Marktpräsenz:

Kunde	Jährliches Dosenvolumen	Marktanteil
Anheuser-Busch InBev	6,2 Milliarden Dosen	22%
Heineken N.V.	4,8 Milliarden Dosen	17%
Molson Coors Getränkeunternehmen	3,5 Milliarden Dosen	12%

Lebensmittelverpackungsunternehmen

Zu den wichtigsten Kundensegmenten für Lebensmittelverpackungen gehören:

• Campbell Soup Company
• Kraft Heinz
• General Mills

Hersteller von Craft-Bier und Spezialgetränken

Details zum Marktsegment:

Segment	Jährliche Wachstumsrate	Kann verlangen
Craft-Beer-Produzenten	8.5%	1,2 Milliarden Dosen
Hersteller von Spezialgetränken	6.3%	750 Millionen Dosen

Globale Konsumgütermarken

Top-Kunden globaler Konsumgütermarken:

• Coca-Cola Company: 2,9 Milliarden Dosen jährlich
• PepsiCo: 2,5 Milliarden Dosen jährlich
• Nestlé: 1,7 Milliarden Dosen jährlich

Regionale Getränkemärkte

Regionale Marktaufteilung:

Region	Marktgröße	Dosenproduktion
Nordamerika	4,2 Milliarden US-Dollar	12,5 Milliarden Dosen
Europa	3,8 Milliarden US-Dollar	10,3 Milliarden Dosen
Lateinamerika	1,5 Milliarden US-Dollar	4,6 Milliarden Dosen

Ardagh Metal Packaging S.A. (AMBP) – Geschäftsmodell: Kostenstruktur

Kosten für die Beschaffung von Rohstoffen

Im dritten Quartal 2023 beliefen sich die Rohstoffkosten von Ardagh Metal Packaging auf insgesamt 1,09 Milliarden US-Dollar, was etwa 60–65 % der gesamten Betriebskosten entspricht. Die Beschaffung von Aluminiumbarren machte den größten Teil der Rohstoffkosten aus.

Rohstoffkategorie	Jährliche Kosten (USD)	Prozentsatz der gesamten Rohstoffkosten
Aluminiumbarren	682 Millionen US-Dollar	62.4%
Beschichtungen und Auskleidungen	214 Millionen Dollar	19.6%
Andere Metallkomponenten	194 Millionen Dollar	17.8%

Herstellungs- und Produktionskosten

Die Herstellungskosten für Ardagh Metal Packaging erreichten im Jahr 2023 1,45 Milliarden US-Dollar, wobei die wichtigsten Ausgabenkategorien wie folgt waren:

• Abschreibung der Fabrikausrüstung: 278 Millionen US-Dollar
• Energieverbrauch: 213 Millionen US-Dollar
• Wartung und Reparaturen: 164 Millionen US-Dollar
• Qualitätskontrolle: 92 Millionen US-Dollar

Forschungs- und Entwicklungsinvestitionen

Die F&E-Ausgaben beliefen sich im Jahr 2023 auf 87,6 Millionen US-Dollar, was 3,2 % des Gesamtumsatzes des Unternehmens entspricht.

F&E-Schwerpunktbereich	Investition (USD)
Nachhaltige Verpackungsinnovation	42,3 Millionen US-Dollar
Optimierung des Fertigungsprozesses	31,2 Millionen US-Dollar
Materialwissenschaftliche Forschung	14,1 Millionen US-Dollar

Logistik und Transport

Die jährlichen Logistik- und Transportkosten für 2023 beliefen sich auf 312 Millionen US-Dollar, mit folgender Aufteilung:

• LKW-Transport: 186 Millionen US-Dollar
• Schienengüterverkehr: 84 Millionen US-Dollar
• Schifffahrt und Seelogistik: 42 Millionen US-Dollar

Arbeits- und Betriebsgemeinkosten

Die gesamten Arbeits- und Betriebsgemeinkosten beliefen sich im Jahr 2023 auf 524 Millionen US-Dollar:

Kostenkategorie	Betrag (USD)	Prozentsatz der Gesamtsumme
Direkte Arbeit	276 Millionen Dollar	52.7%
Verwaltungsgehälter	148 Millionen Dollar	28.2%
Leistungen und Versicherung	100 Millionen Dollar	19.1%

Ardagh Metal Packaging S.A. (AMBP) – Geschäftsmodell: Einnahmequellen

Verkauf von Metallverpackungsprodukten

Für das Geschäftsjahr 2023 meldete Ardagh Metal Packaging einen Gesamtnettoumsatz von 4,01 Milliarden US-Dollar. Das Produktportfolio des Unternehmens umfasst:

Produktkategorie	Umsatzbeitrag
Getränkedosen	3,42 Milliarden US-Dollar
Lebensmitteldosen	580 Millionen Dollar

Kundenspezifische Design- und Ingenieurdienstleistungen

Kundenspezifische Designdienstleistungen generierten im Jahr 2023 etwa 85 Millionen US-Dollar an zusätzlichen Einnahmen, was 2,1 % des gesamten Nettoumsatzes entspricht.

Volumenbasierte Preismodelle

Ardagh Metal Packaging implementiert gestaffelte Preisstrategien mit Schlüsselkunden:

• Großvolumige Verträge mit Preisnachlässen von bis zu 7 %
• Jährliche Vertragswerte zwischen 50 und 250 Millionen US-Dollar
• Mindestabnahmemengenverpflichtungen

Langfristige Fertigungsverträge

Vertragstyp	Durchschnittliche Dauer	Geschätzter Jahreswert
Große Getränkehersteller	5-7 Jahre	750 Millionen Dollar
Verträge über Lebensmittelverpackungen	3-5 Jahre	180 Millionen Dollar

Einnahmen aus Nachhaltigkeits- und Recyclingprogrammen

Nachhaltigkeitsinitiativen generierten im Jahr 2023 zusätzliche Einnahmequellen in Höhe von 42 Millionen US-Dollar durch Recyclingprogramme und umweltfreundliche Verpackungslösungen.

Einnahmequelle für Nachhaltigkeit	Jahresumsatz
Prämien für recycelte Inhalte	22 Millionen Dollar
Handel mit Emissionsgutschriften	12 Millionen Dollar
Zertifizierungen für grüne Verpackungen	8 Millionen Dollar

Ardagh Metal Packaging S.A. (AMBP) - Canvas Business Model: Value Propositions

You're looking at the core reasons why brand owners choose Ardagh Metal Packaging S.A. (AMBP) for their products, grounded in their late 2025 operational and sustainability performance.

Infinitely recyclable and sustainable packaging solution

Ardagh Metal Packaging S.A. (AMBP) positions its beverage cans as a leading circular economy solution. The company's beverage cans now average 78% recycled aluminum content across its portfolio, a figure among the highest in the industry. 83% of AMP facilities achieved Zero Waste to Landfill status. This commitment is reflected in their emissions performance; Ardagh Metal Packaging S.A. achieved a 25% reduction in Scope 3 emissions compared to the 2020 baseline, surpassing its 2030 Science-Based Targets initiative goal several years early. Furthermore, for direct and energy-related emissions, Ardagh Metal Packaging S.A. recorded a 10% drop in Scope 1 & 2 emissions between 2023 and 2024, alongside an 18% reduction in emissions intensity since 2020. The company's overall global renewable electricity coverage reached 30% in 2024.

Here are the key sustainability metrics reported:

Metric	Value/Target	Region/Scope
Average Recycled Aluminum Content	78%	Beverage Cans (2024)
Scope 3 Emissions Reduction	25% vs 2020 baseline (Target surpassed)	Ardagh Metal Packaging (AMP)
Scope 1 & 2 Emissions Reduction	10% vs 2023 levels	Ardagh Metal Packaging (AMP)
Emissions Intensity Reduction	18% since 2020	Ardagh Metal Packaging (AMP)
Zero Waste to Landfill (ZWTL) Rate	83% of facilities	Ardagh Metal Packaging (AMP)
Global Renewable Electricity Coverage	30%	AMP (2024)

The company maintains a long-term goal to reduce its water intensity usage by 20% by 2030.

Cost pass-through mechanisms for volatile metal input prices

Ardagh Metal Packaging S.A. has contractual mechanisms that allow it to manage input cost volatility, which was evident in recent quarters. In the second quarter of 2025, reported revenue growth of 21% in the Americas reflected the pass-through of higher input costs to customers, including the impact of the higher Midwest premium in the U.S. Similarly, in the first quarter of 2025, revenue growth on a constant currency basis reflected the pass through to customers of higher input costs. For the third quarter of 2025, the constant currency revenue reflected the pass through of lower input costs to customers. Regarding external market pressures like tariffs, the CEO estimated the impact on the total retail price of a can would be less than 1 cent, with the expectation that costs would be passed on to the consumer.

Global supply footprint across Europe and the Americas

Ardagh Metal Packaging S.A. supports its value proposition with a significant, established operational base across two major continents. The company operates 23 metal beverage production facilities in nine countries, employing more than 6,000 people. Looking at 2024 revenue figures, the Americas contributed $2.75 billion, while Europe contributed $2.16 billion. For the third quarter of 2025, the company reported total revenue of $1,428 million and an Adjusted EBITDA of $208 million. Shipment performance in Q3 2025 showed Europe growing volumes by 2%, while the Americas saw a 3% decline, with North America shipments growing by 1%.

The regional performance highlights the scale of the footprint:

• North America shipments grew by 8% in Q2 2025.
• Americas Adjusted EBITDA increased by 34% in Q2 2025.
• Europe Q2 2025 revenue increased by 9% to $615 million.

Packaging innovation for high-growth categories like energy drinks

Ardagh Metal Packaging S.A. actively aligns its capacity and innovation efforts with high-growth beverage segments. In North America, the portfolio is heavily skewed towards faster-growing non-alcoholic categories. The energy drink category showed signs of stability, supporting an expectation for shipments to grow at least by low single digits in 2025. In Q1 2025, global shipments rose more than 6%, driven by growth in non-alcoholic categories, including the energy category returning to growth. Categories like sparkling water and carbonated soft drinks (CSDs) represent 60% of the portfolio. The company noted that capacity investments in North America proved powerful for trends in innovation and energy drinks, and the can continues to outperform glass in the beer category.

Lower carbon footprint compared to plastic or glass alternatives

The inherent material properties and high recycled content support the lower carbon value proposition. The CEO noted that the energy shock added more cost into glass than cans, and the can is seen as lowering carbon. The high recycled content of 78% in beverage cans minimizes the need for primary aluminum, which is energy-intensive to produce. Ardagh Metal Packaging S.A. is also focused on decarbonization levers such as investing in low-carbon transport and developing alternative low-carbon thermal solutions to further reduce its environmental impact relative to other substrates.

Ardagh Metal Packaging S.A. (AMBP) - Canvas Business Model: Customer Relationships

You're analyzing the core of Ardagh Metal Packaging S.A.'s (AMBP) value capture, which is deeply embedded in its customer relationships. These aren't quick sales; they are strategic alliances built on high-volume, specialized manufacturing.

Dedicated account management for large, global brand owners is the bedrock here. Ardagh Metal Packaging S.A. services leading brand owners globally, a fact reflected in its scale. For the three months ended September 30, 2025, the company generated revenue of $1,428 million, with an Adjusted EBITDA of $208 million for that quarter alone. This level of revenue is only sustainable through deep integration with major beverage producers.

The nature of these relationships is cemented by long-term, high-volume supply contracts with automatic cost adjustments. Management noted that following significant resets in 2024 and 2025, the North American business is now described as highly contracted and commercially resolved. This structure is key to managing input volatility; for instance, Q3 2025 revenue reflected the pass-through of higher input costs to customers. This mechanism helps stabilize margins, evidenced by the full-year Adjusted EBITDA guidance being raised to $720-$735 million for 2025.

The focus on innovation is a shared value proposition. The beverage can continues to benefit from innovation and share gains in customers' packaging mix, contributing to overall volume growth. This collaborative effort is essential, as Ardagh Metal Packaging S.A. is a leading global supplier of sustainable and infinitely recyclable metal beverage cans.

The service model requires high-touch service to ensure supply chain flexibility and reliability. The company's ability to manage global volumes, despite regional variations-like the 17% volume decline in Brazil in Q3 2025 offset by growth in Europe and North America-shows this operational agility is critical for keeping major customers supplied. The company maintained a strong total liquidity position of $627 million at September 30, 2025, which underpins this reliability.

Ultimately, the relationship is strategic, not transactional, due to high switching costs. The sheer scale of the required infrastructure investment by Ardagh Metal Packaging S.A. and the integration into a customer's packaging line create significant barriers for a brand owner to switch suppliers. This strategic alignment is supported by consistent capital allocation, with expectations for total capital expenditure in 2025 of approximately $200 million, of which about one-third relates to growth investment. The company also maintained its regular quarterly ordinary dividend at $0.10 per share through Q3 2025, signaling stability to its partners.

Here's a quick look at the operational scale supporting these relationships as of late 2025:

Metric	Value (Q3 2025 or Latest Available)	Context
Q3 2025 Revenue	$1,428 million	Total revenue for the quarter
Full Year 2025 Adjusted EBITDA Guidance	$720-$735 million	Upgraded guidance for the full fiscal year
Net Debt to Adjusted EBITDA Ratio	5.2x	Ratio as of September 30, 2025
Global Shipments Growth (YTD vs. Prior Period)	Up over 3%	Year-to-date growth through Q3 2025
Total Liquidity	$627 million	Position at September 30, 2025

The reliance on these large partners means that contract resets, such as those experienced in 2024 and 2025, are a key focus, with management suggesting 2026 might be a transition year following these events. The strength of the customer base is also reflected in the company's high ranking within its industry.

• Quant Industry Ranking (as of 11/28/2025): 2 out of 10.
• North America Shipments Growth (Q3 2025): 1%.
• Europe Shipments Growth (Q3 2025): 2%.
• Dividend per Ordinary Share (Q3 2025): $0.10.

Finance: draft 13-week cash view by Friday.

Ardagh Metal Packaging S.A. (AMBP) - Canvas Business Model: Channels

You're looking at how Ardagh Metal Packaging S.A. (AMBP) gets its infinitely recyclable metal beverage cans and ends into the hands of the brand owners, which is a massive, physical undertaking. The primary channel is direct, moving product straight from the factory floor to the customer's bottling line.

Direct sales and distribution from 23 manufacturing plants define the core physical channel. Ardagh Metal Packaging (AMP) operates 23 metal beverage production facilities. These plants are strategically located across nine countries to serve their key markets in Europe and the Americas. This physical footprint is the backbone of their ability to supply high-volume beverage producers.

The sales function relies on dedicated personnel to manage these large-scale, ongoing customer relationships. While the exact size of the sales force isn't public, we know the company employs more than 6,000 people globally to support operations, which includes the necessary commercial and technical support staff. These teams manage relationships with a wide variety of leading beverage producers across categories like beer, carbonated soft drinks, energy drinks, and hard seltzers.

The movement of product is managed through an integrated logistics network for just-in-time delivery to bottlers. This network spans their operational regions, primarily Europe and the Americas, ensuring that the cans arrive when needed to meet the fast-paced production schedules of their customers. The focus on volume growth, with shipments expected to rise between 2% and 3% in 2025, underscores the importance of this efficient physical flow.

For the financial community, the Investor Relations website for financial communication serves as a critical, non-physical channel. You can find the release of the Third Quarter 2025 results and related materials on their investor relations website, ir.ardaghmetalpackaging.com. This channel delivered key forward-looking guidance, projecting full year 2025 Adjusted EBITDA between $705 million and $725 million.

Here's a quick look at the scale of the physical channel as of late 2025, based on the latest reported figures:

Metric	Value	Context
Metal Beverage Production Facilities	23	Global Footprint
Countries of Operation	9	Geographic Reach
Total Employees	More than 6,000	Supporting Sales and Operations
2024 Sales	$4.9 billion	Prior Year Revenue Scale
2025 Expected Shipments Growth	2% to 3%	Volume Channel Demand

The customer engagement through these channels is supported by technical service and a graphics portal, which are part of the regional service offerings for customers in the Americas and Europe. These digital tools help streamline the process once the initial sales relationship is established.

• Serve categories including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters and wine.
• Key regions served are Europe and the Americas.
• Investor communications are centralized on the IR website, with key documents like the Q3 2025 Earnings Release available there.

Ardagh Metal Packaging S.A. (AMBP) - Canvas Business Model: Customer Segments

You're looking at the core customer base for Ardagh Metal Packaging S.A. (AMBP) as of late 2025, based on their recent performance metrics. The business model clearly leans on large-scale beverage producers across the Americas and Europe, with specific categories driving the most growth.

Large, multinational Carbonated Soft Drink (CSD) companies represented a segment with solid, though moderating, demand. In North America during the second quarter of 2025, growth in carbonated soft drinks was noted, though by the third quarter, management indicated this was 'a bit less in the second half' compared to the strong first half.

Global and regional beer brewers showed mixed results. While there was 'broad-based performance in beer' in the first quarter of 2025, the beer market weakened in the second half of the year. Specifically, in Brazil, which is a key market, volumes saw a sharp decline of 17% in the third quarter of 2025 as the industry faced a weak consumer backdrop.

High-growth beverage brand owners, particularly in non-alcoholic segments, were a major driver of volume. The energy drinks category in North America delivered double-digit percentage growth in the second quarter of 2025. Sparkling waters also showed strong growth in that same quarter. The cocktail segment is noted for its innovation, which serves as a tailwind for can adoption.

Brand owners prioritizing sustainable and circular packaging are influencing substrate choice across the board. The beverage can continues to take share from glass and plastic in both Europe and North America, driven by sustainability concerns from major customers and consumers. This trend supports the overall global volume growth, which was up over 3% year-to-date as of the third quarter of 2025.

Here's a quick look at how the geographic segments, which house these customer types, performed in the third quarter of 2025:

Metric	Europe (Q3 2025)	Americas (Q3 2025)	Global (Q3 2025)
Revenue (in $ millions)	$625 million	$803 million	$1,428 million
Shipments Change vs. Prior Year	+2% growth	-3% decline	-1% decline
Adjusted EBITDA (in $ millions)	$82 million	Not specified	$208 million
North America Shipments Change vs. Prior Year	N/A	+1% growth	N/A

The company's operational footprint directly supports these segments:

• Total production facilities: 23 across 9 countries.
• Total employees: Approximately 6,300.
• Full-year 2025 shipments growth forecast: Around 3%.

Ardagh Metal Packaging S.A. (AMBP) - Canvas Business Model: Cost Structure

You're looking at the cost side of Ardagh Metal Packaging S.A. (AMBP), and honestly, it's dominated by the physical reality of making billions of cans. The structure is capital-intensive, which means you have big, unavoidable fixed costs alongside the costs that swing with every can you ship.

High variable costs dominated by aluminum and raw material procurement

The single biggest driver of variable cost is the raw material itself-aluminum sheet. While I don't have the exact percentage of revenue that goes to aluminum procurement for 2025, you know that aluminum pricing volatility is a key risk factor that directly hits your bottom line. The company has to manage this through pass-through mechanisms, but timing mismatches can still cause short-term pressure on margins, as seen in past quarters with input cost recovery timing.

Significant fixed costs from operating 23 manufacturing facilities

Running a global footprint means substantial fixed overhead. Ardagh Metal Packaging S.A. operates 23 metal beverage can production facilities across nine countries. That scale locks in costs related to facility maintenance, property taxes, and the base operational structure, regardless of minor fluctuations in order volume.

Capital expenditure (capex) of approximately $200 million expected for 2025

The investment cycle, while perhaps easing from peak years, still requires significant outlay to maintain and modernize the asset base. For fiscal year 2025, Ardagh Metal Packaging S.A. expects total capital expenditure (capex) to be approximately $200 million. That's a major cash commitment before you even look at debt service.

Labor and energy costs for a global, industrial operation

As a global, industrial operation, labor and energy are non-trivial fixed and semi-variable costs. Ardagh Metal Packaging S.A. employs more than 6,000 people across its network. Furthermore, the CEO specifically called out the 'energy cost piece' as a component of the fundamental cost structure, meaning energy prices are a constant focus for cost control and negotiation.

Here's a quick look at some of the key financial metrics that frame these costs:

Metric	Value (as of late 2025 data)	Context
Total Expected Capex for 2025	$200 million	Total investment planned for the year
Number of Manufacturing Facilities	23	Global operational footprint
Net Debt to Adjusted EBITDA Ratio	5.2x	As of September 30, 2025
Employees Globally	More than 6,000	Labor base for operations

Interest expense on substantial net debt, which is at 5.2x Adjusted EBITDA

This is where the capital structure directly impacts the P&L. Even with operational improvements, the cost of servicing the debt load is significant. As of the third quarter of 2025, the Net debt to Adjusted EBITDA ratio stood at 5.2x. That leverage means interest expense consumes a substantial portion of operating profit, which is why debt reduction remains a management priority.

You need to watch how that 5.2x leverage moves, as it dictates the size of the interest payment you'll face, which is a fixed cost that doesn't care about your can shipments.

Ardagh Metal Packaging S.A. (AMBP) - Canvas Business Model: Revenue Streams

Ardagh Metal Packaging S.A. (AMBP) generates revenue primarily through the sales of sustainable, infinitely recyclable metal beverage cans and ends to brand owners globally. This is the fundamental value exchange in the business model.

Revenue growth is a function of two main levers: volume/mix changes and the ability to implement input cost pass-through mechanisms with customers. The performance across the geographic segments directly impacts the top line. For instance, the second quarter of 2025 showed strong regional contributions.

Segment	Q2 2025 Revenue (Reported)	Q2 2025 Revenue Growth (Reported)
Americas	$840 million	21%
Europe	$615 million	9%

The total reported revenue for the second quarter ended June 30, 2025, was $1,455 million. By the third quarter ended September 30, 2025, revenue increased to $1,428 million, reflecting a 9% increase year-over-year.

The company's financial outlook reflects this momentum. Following strong Q2 and Q3 performance, Ardagh Metal Packaging S.A. raised its full-year Adjusted EBITDA guidance to $720-$735 million for 2025. This guidance upgrade was based on improved underlying performance and favorable currency movements observed through the third quarter.

Shareholder returns are also a component of the financial structure, supported by consistent cash generation:

• Quarterly ordinary dividend payments were approved at $0.10 per ordinary share in October 2025, payable in November 2025.
• The Q2 2025 Americas Adjusted EBITDA climbed 34% to $133 million.
• The TTM revenue as of late 2025 is reported around $5.35 Billion USD.
• Global beverage can shipments growth for the full year 2025 is still expected to be between 3% and 4%.