07.03.2014 Views

Ardagh Glass Finance plc - Irish Stock Exchange

Ardagh Glass Finance plc - Irish Stock Exchange

Ardagh Glass Finance plc - Irish Stock Exchange

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

• Continue to Apply Advanced Technology and Technical Expertise to Improve Quality, Service,<br />

Profitability and Cash Flow. <strong>Ardagh</strong>’s goal is to be the most profitable glass container producer in<br />

the markets in which it operates, with a low cost base, highly efficient machinery, strong<br />

technological expertise and a highly motivated workforce. Through the technology and<br />

manufacturing business of Heye International, which designs, manufactures and commissions<br />

glass container plants, and the deployment of the best technology available globally, <strong>Ardagh</strong><br />

intends to increase productivity through the continuing development and transfer of expertise<br />

and best practices across its operations.<br />

• Focus on High-Growth <strong>Glass</strong> Intensive Segments. <strong>Ardagh</strong> focuses its marketing efforts and<br />

production capacity on relatively high-growth glass segments in which it can maintain or achieve<br />

competitive pricing levels, such as the premium beer segment. <strong>Ardagh</strong> also focuses on segments<br />

that we believe have potential to substitute high-value added glass containers for alternative<br />

forms of packaging.<br />

• Improve Product Mix and Diversify Customer Base. <strong>Ardagh</strong> has and will continue to improve its<br />

product mix by replacing lower margin business with higher margin business as opportunities<br />

arise. <strong>Ardagh</strong> will continue to develop long-term customer partnerships and selectively pursue<br />

business arrangements with customers that will provide it with growth opportunities.<br />

• Careful Evaluation and Pursuit of Strategic Opportunities in the Medium and Long Term. <strong>Ardagh</strong><br />

will continue to consider acquiring businesses in the medium and long term in line with its<br />

strategic objectives which include the realization of attractive returns on investment and the<br />

generation of significant free cash flow. In addition, <strong>Ardagh</strong> may selectively explore business<br />

opportunities for establishing operations in new markets to meet the geographic and other needs<br />

of current and potential customers.<br />

Recent Developments<br />

Subject to confirmation in our annual report for 2009 to be published later this year, our<br />

expectations with respect to business performance in the fourth quarter of 2009 are as follows:<br />

• EBITDA to be in-line with the fourth quarter of 2008;<br />

• the positive cashflow momentum evident in the third quarter of 2009 continued in the fourth<br />

quarter;<br />

• our inventory reduction initiative came to a successful conclusion in the fourth quarter;<br />

• capital expenditure for the 2009 fiscal year to be confirmed at A105 million; and<br />

• our year-end liquidity position to be in-line with target.<br />

The Issuer<br />

The Issuer is a public limited company, incorporated under the laws of Ireland, with its principal<br />

office at 4 Richview Office Park, Clonskeagh, Dublin 14, Ireland.<br />

The telephone number of the Issuer is +353 1 605 2400.<br />

4

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!