Investor PresentationFull Year 2015Albéa Beauty Holdings SA

GennevilliersApril 14th, 2016

Today’s Speakers

François LuscanPresident & CEO

31 years of experience in Beauty and Packaging industries

Led Alcan Beauty Packaging’s transition to Albéawith new shareholder (Sun Capital) in 2010

Xavier Leclerc de HauteclocqueExecutive VP & Chief Financial Officer

10 years of experience in Beauty and Packaging industries

Previously, held finance roles at CamaudMetalbox(Crown Cork & Seal), Guerlain (LVHM Group) and as CFO of Brake France (CD&R)

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Forward looking statement

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This presentation may include forward-looking statements. Forward-looking statements are statements regarding or based upon our management’s current intentions, beliefs or expectations relating to, among other things, our future results of operations, financial condition, liquidity, prospects, growth, strategies or developments in the industry in which we operate. By their nature, forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results or future events to differ materially from those expressed or implied thereby. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein.

Forward-looking statements contained in this presentation regarding trends or current activities should not be taken as a representation that such trends or activities will continue in the future. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on any such forward-looking statements, which speak only as of the date of this presentation.

The information contained in this presentation is subject to change without notice. No representation or warranty, express or implied, is made as to the fairness, accuracy, reasonableness or completeness of the information contained herein and no reliance should be placed on it.

Agenda

� Company overview

� Business update

� Financial and Operational Highlights

� Group Financials

� Key Takeaways

� Appendices

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Company overview

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Albéaat a glance

Albéa is a global leader in beauty, personal care, oral care, pharmaceutical and food packaging

15,000+EMPLOYEES

38 INDUSTRIAL FACILITIES IN 14COUNTRIES ACROSS THE WORLD

SALES:

US$ 1.4 BILLIONINVESTMENTS:

80 MILLIONUS$ IN 2015

INNOVATION, DEVELOPMENT & DESIGN:

∼ 200 PEOPLEIN TOP 50 PATENT FILERS IN FRANCE

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The Global Leader in Beauty and Personal Care Packaging

Global Market Leadership

A Leading provider of beauty, personal care and oral care packaging

#1 in rigid packaging, which includes plastic & laminate tubes, in lipstick and mascara, in foam pumps & fragrance samplers worldwide

#2 in dispensing systems, which includes fragrance pumps worldwide

Powerful presence in emerging markets

$1,398m Sales

$158m Adj. EBITDA

15,364 employees worldwide as of December 2015

38 production facilities in 14 countries; headquarters in France

Key Figures (2015)

Sales by Geographic Region Sales by Segment Sales by Customer Type

41%

59%

Tubes Cosmetic Rigid Packaging

51%

27%

22%

Global Accounts Key Accounts Small & Medium Accounts

45%

38%

17%

Europe Americas Asia

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A comprehensive product range

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Four expertise

TUBES DISPENSING SYSTEMS

COSMETIC RIGID PACKAGING

BEAUTY SOLUTIONS

#1 in plastic and laminate tubes

#1 in foam pumps and fragrance samplers

#2 in fragrance pumps recognized expert in

lotion pumps

#1 in mascara (pack + brush) #1 in lipstick

(mechanism + shell) recognized expert

in fragrance caps, compact, lipgloss, skincare packs

market-valued provider of promotional items, stock items and accessories, full-service

solutions

One-Stop-Shop service Easier project management, faster time -to-marketAlbéa’s One-Stop-Shop capabilities support fast time-to-market and easy project management with single point of contact for cross-technology developments, complex logistics, multiple product expertise.

COMPLETEPACKAGING SOLUTIONS

Complete packaging solutions provide added-value technical

synergies and projectmanagementoptimization

Tube + Pump

Complete solutionsClosure + Decoration + Pump

Full service: pack + formula

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Closure + Pump + Sampler

Closure +Pump

Combined packaging solutions provide added-value supply-chain

optimization

Tubes+Applicators

COMBINEDPACKAGING SOLUTIONS

Semi-automatic assembly

Automated assembly

High-speed complex assembly

Printing

Varnishing

Metalizing

Electroplating

Laser

Hot stamping

Anodizing

Labelling

Technical know-how

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100% integrated

Innovation & Development

Conversion Decoration Assembly Supply-ChainRaw MaterialsEND MARKET

Mold design

Mold prototypes

Printing plates

Sample production

Compatibility testing

Functional testing (impact resistance, resistance to wear)

Industrialization

Plastic resins/films

Aluminum

Inks

Metal

Extrusion

Tube laminate (web) production

Tube-making

Injection

Blow-moulding(IBM, EBM)

Multi-injection

Elastomer over-moulding

Metal forming (stamping, eyeleting,

embossing)

Just-in-time delivery

Supplier-managed inventory

Dual sourcing

Complex turnkey projects

Complementary sourcing of

packaging and accessories

Services

• Project Management • Intellectual Property • Regulatory Affairs • Full Service • Kitting • Account Management

Albéa

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A unique value proposition

BROAD RANGEOF PACKAGING SOLUTIONS

Providing innovation, design & development capabilities and offering one-stop-shop opportunities across our product range.

INDUSTRIAL EXPERTISE

Investing continuously in new equipment, buildings, operating processes and training to leverage our technical know-how and our integrated conversion, decoration, assembly metallization and molding capabilities.

LOCAL PRESENCE AND GLOBAL REACH

Supporting all our international, regional and local customers’ ambitions with our 38 sites across Europe, Asia and the Americas.

COMMITMENT TO CORPORATE SOCIAL RESPONSIBILITY

Acting responsibly and impacting positively the world we live in –with a 10-year track record.

PASSIONATE PEOPLE

Contributing to the success of our customers and the happiness of their customers for more than 50 years.

Business update

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2015 was a great year

� Albea has been able to deliver solid growth in most market offset by footprint projects

� Albea focus on fundamentals to improve EHS, Quality, Supply Chain and New Product Development as wellcontinuous improvement and procurement.

- New sites with ISO certifications and OHSAS across our footprint- 20 sites with no accident at all

� Albea focus on transformation of our sites, our processs and enter in the Digital era- 2 new SAP rollouts without busines disruption now covering close to 70%- 700 people trained on a new collaborative NPD platform- 10 sites are now using smart glasses for remote maintenance and agility- S&OP program progressing well toward a new supply chain model- First digital printers for tubes to offer best in class lead times- 3D printing investment to better serve our customers- Albea pulse for real time monitoring of industrial performance on smartphone

� Albea focus on people with with a new structure and new talents- development on social network (twitter, Linked in)

� Albea focus on delivering CSR commitment- Albea ranked by Ecovadis in the top 30% performers for sustainability

� With all those fundamentals and transformation in progress Albea has been able to better serve our customersand increase our share of wallet with Innovations and New products.

Business update

1.Market Evolution

Market : where do we play ? From total market to Albéa’s addressable markets

2.0

2.4

2.6

3.0

6.2

1.0

2.6

1.1

14.4

0.31.8

0.31.4

0.6 0.4 0.1

1.2

2.0

1.4

1.7

1.5

0.61.4

1.8

1.8

5.0

0.10.4

7.8

Total market 2013 Not Addressed by Albéa Addessed by Albéa

22.2

Corrugated board

Plastic tubes/laminate tubes

Plastic bottles & jars

Glass bottles & jars

Cosmetic cases

Lids, caps & closures

Folding cartons

Pumps & sprays, incl. Aerosols

Flexible plastic packaging

Flexible paper packaging

Metal containers

Tubes

CRP

Dispensing

World market for personal care packaging and Albéa’ s addressable markets (World, 2013, M$)

Albéa addresses:� Most of cosmetic cases, lids, caps and

closures (60% to 85% of segments)� Most of pumps and sprays (except the

aerosol segment)� Most plastic and laminate tubes and a share

of rigid plastic bottles and jarsAlbéa does not address:� Glass bottles and jars� Secondary packaging (folding cartons,

corrugated bard…)� Flexible paper and plastic packaging� Metal containers (mostly aerosols)

Source: Albéa 5Y plan, Smithers Pira, Arthur D. Little analysis

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Macro Trends

Products

Services Customers

Macro TrendsMacro Trends

� Market growth consistently exceeding GDP growth over the last 20 years

� Growth forecast has been reviseddown (Euromonitor)

� Growth is expected to come from Asia and Skin Care

� Corporate Social Responsibility and environment (COP21 summit)

Services / SLAServices / SLA

ProductsProducts

CustomersCustomers

� Agility & flexibility is key

� Shorter Lead-Time

� Zero Defects requirement to remove the controls in their premises

� Digital Printing

� 3D printing

� Make up is one the winning segment while Skin care slowing down in 2015

� Product commoditization pushing prices and value down

� Switch Plastic tubes to Laminate in Europe

� Sampler market flat/decline at lower price due to alternative available

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Market TrendAttractive market growing faster than GDP but facing significant and faster changes…

� New chanel of distribution (Digital) allowing Small & Medium accounts to emerge

� Direct distribution business model under pressure

� Destocking more than in the last 3 years and implementing new Supply Chain model

� Global Accounts volatility increasewidely.

Sales by Product lines at same rates (*)

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(*) at December ratesAdjusted for Sussex, trading China, Annecy

Sales by Geographies at same rates (*)

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(*) at December ratesAdjusted for Sussex, trading China, Annecy

4,0%

2,5%

3,5%

3,0%

2,0%

0,0%

Skin Care

Oral Care

Hair Care

Fragrances

Colour Cosmetics

15-1

8 G

row

th F

orec

ast

Growth and positioning by end market(Retail value – constant price & Forex rates)

MajorSignifiantLimited

Source: Euromonitor, Albéa, Arthur D. Little analyses

Albéa positioning

Opportunity to leverage lotion airless sub-segment growth (>5%), but would require development / acquisition of new offering

Albéa can enter the hair dye sub-segment with the O2Wall product which is an attractive alternative to the existing

aluminum tube technology

Opportunity to benefit from sun care / sun protection growth (~5%) with

existing offering

Market AttractivenessOverall segment growth forecasts are limited, with attractive sub-segments for Albéa to focus on…

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Business update

2.Our Fundamentals

OperationsLocal performance and global excellence

QUALITY EXCELLENCE

SUPPLY CHAIN

SALES & OPERATIONSPLANNING

TRAINING & HR SYSTEMS

SERVICE & RESPONSIVENESS

EHS FIRST

CONTINUOUS IMPROVEMENT

INDUSTRIAL EFFICIENCY

COMPETITIVENESS

NEW PRODUCT DEVELOPMENT

World-class operating processes and common KPIs combining management systems,mindset and behaviour, rolled-out accross our international footprint and supported by

best practices sharing and global expert networks .

New Product Development Process Providing focus and resources

5 Project Types

� Standard product (new color, new printing design)

� Standard product for customer with physical changes

� Without functional & interfaces product change

� Without manufacturing process change

� Specific customer development

� Internal innovation

� Specific strategic / industrial projects

� Technologies / Manufacturing line transfers

� New specific process or technology development

4 Integrated Approaches

Supply Chain & Supplier Management

Product, Process, Means Management(Performance)

Project Management(Quality, Cost, Time)

Need Management(Voice of Customer / Market)

Product Launches

Beauty SolutionsAir France

In-flight Tote

CRPL’Oréal Paris Gloss Nectar

Wild

DispensingChanel

Ultra Correction

TubesAvon

Ultra Color Glossy Tube

1

2

3

4

5

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Business update

3.Our People, Culture and Social Responsibility

Deep expertise in beauty and packaging sector

Goal driven Management team with significant experience

ALBÉA CEO & PRESIDENT

François LuscanEXECUTIVE

COMMITTEE

EXECUTIVE VP & CFO

Xavier Leclerc de Hauteclocque

EXECUTIVE VP SALES & MARKETING

François Tassart

CHIEF TRANSFORMATION & DIGITAL OFFICER

TBA

EXECUTIVE VP NORTH ASIA & BUSINESS DEVELOPMENT

Thierry Rabu

EXECUTIVE VP HUMAN RESOURCES

Axel Moreau

EXECUTIVE VP AMERICAS

Jose Filipe

EXECUTIVE VP & GENERAL COUNSEL

Charles -Antoine Roucayrol

EXECUTIVE VP SOUTH ASIA

Adrian Haughton

4 years

X years

> 10 years

6 years

> 10 years

> 10 years

5 years

4 years

CRP AMERICAS

Carlos Rubio

DISPENSINGASIA

Thierry Rabu

EXECUTIVE VP TUBES PRODUCT LINE

Adrian Haughton

TUBES EUROPE

Laurent Villemin

TUBES AMERICAS

Roy Turner

INDIA

Lester Pinto

INDONESIA

David Tanudisastro

EXECUTIVE VP DISPENSING PRODUCT LINE

Jeroen Hooft

DISPENSING EUROPE

Jeroen Hooft

DISPENSING AMERICAS

ThomeBrito

EXECUTIVE COSMETIC RIGID PACKAGING PRODUCT LINE

Guillaume de Demandolx

CHINA

Michael Zhang

CRP EUROPE

Serge Darsat

BRAZIL

Rodrigo Brett

4 years

Joined 2016

3 years

31 years

>10 years >10 years 6 years >10 years

1 year >10 years 4 years

4 years 5 years

X years at AlbeaIndicates new hire since 2014

LEGEND

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Corporate Social ResponsibilityOur priorities for from 2015 to 2020

We want to improve the environmental, social and economic footprint of our activities across the world, for all our people and all our stakeholders, in all the communities where we operate.It is our commitment to grow our company while acting responsibly and impacting positively the world we all live in.

OUR PRIORITIES FOR 2020

→ Safety & wellbeing→ Engagement & inclusion→ Communities involvement

→ Eco-design (3R)→ Packaging safety & regulatory

compliance→ Packing & transportation

→ All sites ISO 14001 / OHSAS 18001 certified

→ Efficient use of energy and water

→ Reduction of waste, CO2 and VOC emissions

→ Social compliance→Green innovation→ Solidarity sourcing

OUR PEOPLE & COMMUNITIES

We want all our people to be safe and feel engaged; we want our communities to benefit from all our everyday industrial and commercial activities.

OUR PRODUCTS

We want to design, manufacture, source, sell and ship in the most sustainable way possible all the products we create as well as the products we develop for our customers - across their whole lifecycle.

OUR OPERATIONS

We want to strive for world-class operating excellence in all our facilities across the world, ensuring health and safety, resource efficiency and environmental friendliness.

OUR SUPPLIERS & PARTNERS

We want all our suppliers and partners to ensure the wellbeing of their people, contribute responsibly to our environmental footprint, and help create value for the whole ecosystem.

3 priorities for 2020� All sites ISO 14001 / OHSAS 18001 certified� Efficient use of energy and water� Reduction of waste, CO2 and VOC emissions

Priorities 2015 - 2020 Ambition 2015 Next steps

ISO certifications2015 – 2020:More than 90% plants certified by 2020.

50% are triple certified

Challenge: Some reluctance to engage in ISO 9001Collect all SA 8000 certificatesKeep following other certifications

Energy savingsReduce Albéa energy intensity by 10% over 2015-2020.

Energy reduction by 15%Estimation of savings by Energy leaders: 2M$ for full year

Water N/A N/A N/A

VOC/ Waste

0 waste landfilled in 2015Reduce by 50% VOC emissions in site with highest emission level over 2015-2020 (Semarang, Matamoros, Shanghai RM, Zhongshan Tex).

6 plants: hazardous wastelandfilled18 plants: non hazardous wastelandfilled

Better understand plants issues vs landfill diversionSet up goal for 2020 (CSR sharing program tool feedback)Define haz. Waste definition at group level.

Industrial RiskManagement

60% of Albéa Risk Grade in 202052% of Risk Grade9 sites recognized as HighlyProtected Risks

Corporate Social Responsibility

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Business update

4.Our Customers & products and rewards

Balanced blue chip customer base with long-standing relationships

Global account ~ 51%

Regional account ~ 27%

Local account ~ 22%

Rank Customers % of Revenue FY2015Relationship

length

1 L’Oreal 15%

2 LVMH 7%

3 Estée Lauder 6%

4 Procter & Gamble 6%

5 GlaxoSmithKline 5%

6 Natura 4%

7 Coty 4%

8 Avon 4%

9 Unilever 2%

10 Mary Kaye 2%

Top Ten c.53%

Strong Relationship with Global FMCGs

Ave

rage

leng

th 2

0 ye

ars

28

FY 2015 Revenue (weight by Account Type)

Innovation and Development Capabilities

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Experts that make a difference

We manufacture or source innovative items that offer

improved ergonomics, visualdifferentiation, new

gestures, affordable price, trendier look

We invent new technologies and new processes to make packaging stand out and be

more efficient, more competitive,

environmentally-friendlier

We turn into reality the packaging that our customers have imagined, overcoming

technical challenges and designing

to cost

200-people teamacross the world

Computer-AssistedDesign for creation,

optimization& manufacturing

Advancedmaterials

and technologies

Rapid prototyping

& virtual representation

Intellectual property

(over 2,000 patents)

My Style family

D.N.Airless Ø35

Our latest product innovations

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Ovation™ Reflexion™ tubes O2 Wall™ tubes Greenleaf® web Artist Bubble

TUBES

DISPENSING SYSTEMS

COSMETICRIGID

PACKAGING

Beauty BlossomInserts

SP22 Panache Pulse

Sofix EZ’R Fancy & SatinyFoam Actuators

Beauty Eye D family

Cushion tint Cushion tint Lip kiss Attraction Compact

Awards

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Proud of our achievements

Marionnaud Hydra&SublimBB Cream

AttractionTMCompact

Babyganics

SephoraOutrageous Curl

Guerlain Parure Gold

Air FranceGivenchy La Première – Amenity kit

Financial and Operational Highlights

Currencies

� Volatility on EUR and BRL vs. USD

� FY 2015 unfavourable translation effects on Sales for $176.6 million (mainly EUR/USD for $109.8 million)

� Negatively impacted mainly by EUR/USD for $109.8m, USD/BRL for $32.1m, USD/PLN for $13.3m, USD/RUB for $5.7m, USD/MXN for $4.7m, USD/GBP for $4.3m, USD/IDR for $3.8m

� FY 2015 translation effect hits EBITDA by $19.9 million,

� Mainly due to EUR/USD for $9.2m, USD/BRL for $5.5m and USD/PLN for $2.3m

� FY 2015 favourable translation effects on Net Debt for $31.2 million

N.B. a -10 cts EUR/USD variation impacts Group Sales unfavourably by $50 million per annum

Customers and Competition

� Coty obtains EU green light for Procter & Gamble beauty business acquisition

� Customers report single digit growth including price effect (some global accounts still in the red area)

� RPC to buy bottle-tops maker Global Closure Systems (GCS)

� AptarGroup announces the acquisition of Mega Airless(formerly known as Mega Plast)

� Topline integrates Texen(PSB Group)

� Some competitors still facing financial & operating issues

� Last ETMA reporting FY 2015 (*) reports deliveries’ volumes down worldwide by 1.7% vs. last year, with Laminate up by 2.5%, Plastics down by -1.5%

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Volatility, uncertainty, complexity & ambiguity

Economic Environment

� US seems back to fiscal uncertainty while Eurozone growing despite headwinds

� Brazil’s economy is struggling, with inflation running high, rating agencies weighing downgrades

� China has been front and center in the world’s financial news with a drop in equity prices, a slowing economy and policy-directed currency depreciation

� Most UK opinion polls point in the direction of a vote to remainin the EU, even if the outcome isnot guaranteed yet

� India has fared relatively betterwith respect to financial and economic sector performances

� Elections failed to contain the momentum of currencydepreciation in Brazil and Indonesia, evidence of lowbusiness confidence in theirgovernments

(*) FY 2015 ETMA reporting = European Tube Manufacturers Association

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(*) Cash and Availability position includes $96.8 million of net cash and $36.0 million of undrawn lines as of December 31, 2015(**) Net Debt under IFRS, defined as total Albéa Gross Debt minus Cash and Cash equivalent as of December 31, 2015.

Gross Debt amounted to $726.9 million, as of December 31, 2015 and includes the bonds issued October 2012 /February 2015 (net of amortised financing fees), factoring, ABL, etc. For more details please see the note “Borrowings” in the unaudited consolidated financial statements for the period ended December 31, 2015

Key Organic Financials

� Q4 2015 Group Sales at $332.6 million, up 5.0% year-on-year, at same rates

� FY 2015 Group Sales at $1,397.7 million, up 1.1% year-on-year, at same rates

� Q4 2015 Adjusted EBITDA at $39.3 million, up 10.4% year-on-year, at same rates

� FY 2015 Adjusted EBITDA at $158.0 million, up 6.5% year-on-year, at same rates

Cash and Liquidity

� Positive Free Cash Flow of $3.2 million in Q4 2015

� Positive Free Cash Flow of $13.7 million FY 2015

� Total Cash and Availability (*) of $132.8 million as of December 31, 2015

� Net Debt (**) of $630.1 million as of December 31, 2015

� Net leverage at 3.99x with FY 2015 Adjusted EBITDA

Good performance in a volatile environment for FY 2015 with Sales and EBITDA, up by 1.1% and 6.5%

Organic Sales - Analytical 332.6 316.7 5.0% 1,397.7 1,382.9 1.1%

- Tubes 139.3 136.9 1.8% 577.6 574.6 0.5%

- CRP 193.3 179.8 7.5% 820.1 808.3 1.5%

FY 2015 organic sales up 1.1% and EBITDA up 6.5% with good performance on Q4 overall

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Organic Sales (*) 332.6 316.7 5.0% 1,397.7 1,382.9 1.1%

- Europe 149.5 156.3 (4.4)% 634.9 652.0 (2.6)%

- Americas 129.4 107.9 19.9% 531.5 508.5 4.5%

- Asia 53.8 52.5 2.4% 231.3 222.4 4.0%

Disposal effects - -

FX translation effects (**) 34.5 176.6

Reported Sales 332.6 351.3 (5.3)% 1,397.7 1,559.5 (10.4)%

Adjusted Organic EBITDA(*) 39.3 35.6 10.4% 158.0 148.4 6.5%

- Europe 18.2 19.9 (8.1)% 68.3 72.2 (5.3)%

- Americas 18.9 10.8 74.8% 74.1 59.9 23.6%

- Asia 9.2 5.8 57.8% 25.6 23.3 9.9%

Disposal effects - -

FX translation effects (**) 4.7 19.9

Adjusted Reported EBITDA 39.3 40.3 (2.6)% 158.0 168.3 (6. 1)%

In $ million unless stated otherwise

Q4 2015

Q4 2014

DeltaYTD 2015

YTD 2014

Delta

(*) Sales / EBITDA are 2014 at 2015 rates(**) 2014 at 2015 rates

Group Financials

Soft year in Europe with lesser demand

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In $ million unless stated otherwise

Q4 2015

Q4 2014

DeltaYTD2015

YTD2014

Delta

Organic Sales 149.5 156.3 (4.4)% 634.9 652.0 (2.6)%

FX translation effects (*) 21.6 126.3

Disposal effects - -

Reported Sales 149.5 177.9 (16.0)% 634.9 778.4 (18.4)%

Adjusted Organic EBITDA 18.2 19.9 (8.1)% 68.3 72.2 (5.3)%

- in percentage of Sales 12.2% 12.7% (49)bps 10.8% 11.1% (30)bps

Capital Expenditure (Capex) (**)

8.8 8.4 4.1% 34.9 43.9 (20.4)%

- in percentage of Sales 5.9% 5.4% 48bps 5.5% 6.7% (123)bps

Organic Sales - Analyticalin $ million

Q4 2015

Q4 2014

DeltaYTD2015

YTD2014

Delta

Regional view

Europe total (***) 149.5 156.3 (4.4)% 634.9 652.0 (2.6)%

Product family view

Tubes 73.2 75.1 (2.6)% 306.4 317.8 (3.6)%

Rigid Packaging 38.9 42.9 (9.5)% 167.4 176.2 (5.0)%

Dispensing 30.5 29.4 3.9% 124.8 124.4 0.2%

Beauty Solutions 6.9 8.9 (22.1)% 36.3 33.6 7.9%

• Euro area GDP expands 0.3% QoQwith German expansion and Italy/France disapointing

• Q4 negative translation impact on sales in all currencies against USD exchange rate by $21.6m, mainly on EUR ($19m) and PLN ($3m)

• Same negative translation impact on EBITDA in Q4 by $2.8. mainly withEUR at $2m and PLN at $0.4

• YoY prices up by 0.2% in the Eurozone and the UK in December2015, same in France while Polishinflation rate down by 0.5%

Macro and Market

Dynamics

(*) 2014 at 2015 rates(**) Capex cash out net of proceeds + new finance lease(***) Europe includes Russia & Poland

• Q4 Organic sales down by -4.4% at $149.5m, negatively impacted by Tubes, Rigid and Beauty Solutions while Dispensing up by +3.9% vs. last Q4 2014

• Q4 2015 Organic EBITDA down by $1.7m, mainly due to Rigid down by -$1.9m; Dispensing up by +$0.6, Beauty Solutions down by -$0.3m and Tubes flat

Financial Review

• Large investment and productivity program focusing on lipstick production in France and Italy fully benefitting from new plant productivity impact

• European foam market good performance compensating Fragrance and Lotion lower markets

• Start of supplies of Hair Dye tubes, providing strong advantage against aluminum tubes

• Weak conditions for Plastic tubes, impacting particularly French business

Operational Review

Americas FY2015 good performance with organic sales up by 4.5% and margin significantly up

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In $ million unless stated otherwise

Q4 2015

Q4 2014

DeltaYTD 2015

YTD2014

Delta

Organic Sales 129.4 107.9 19.9% 531.5 508.5 4.5%

FX translation effects (*) 9.4 37.2

Disposal effects - -

Reported Sales 129.4 117.3 10.3% 531.5 545.7 (2.6)%

Adjusted Organic EBITDA 18.9 10.8 74.8% 74.1 59.9 23.6%

- in percentage of Sales 14.6% 10.0% 460bps 13.9% 11.8% 215bps

Capital Expenditure(Capex) (**)

12.9 6.2 N.M. 29.4 23.8 23.2%

- in percentage of Sales 9.9% 5.8% 416bps 5.5% 4.7% 84bps

Organic Sales - Analyticalin $ million

Q4 2015

Q4 2014

DeltaYTD2015

YTD2014

Delta

Regional view

North America (***) 104.2 92.4 12.8% 442.9 428.3 3.4%

South America 25.1 15.5 62.6% 88.6 80.2 10.5%

Product family view

Tubes 51.6 47.3 9.1% 212.2 200.1 6.1%

Rigid Packaging 37.3 31.6 18.1% 163.7 157.4 4.0%

Dispensing 34.5 23.9 44.2% 129.0 121.8 5.9%

Beauty Solutions 5.9 5.0 17.9% 26.6 29.2 (8.7)%

• US GDP expanded by 1.0% QoQ• Brazil GDP shrinks for 4th straight

quarter at -1.4% while Mexico GDP growth slows +0.5% QoQ

• Q4 negative translation impact of BRL and MXN vs. USD exchange rate on Sales by $9.4m, respectively $8.1m and $1.2m

• Same negative translation impact on EBITDA in Q4 by $1.7m mainly due to BRL for$1.5

• Inflation rates in Brazil up by 10.7% (highest since Dec. 2003) and Mexico 2.1% YoY

• Consumer prices in the US up 0.7% in December 2015 YoY

Macro and Market

Dynamics

(*) 2014 at 2015 rates(**) Capex cash out net of proceeds + new finance lease(***) North America includes the US, Canada & Mexico

• Q4 2015 Organic sales very good performance by +19.9% in all regions and all products lines vs. Q4 2014

• Q4 2015 Organic EBITDA up by almost +$8.1m; Dispensing +$4.9, Tubes +$0.4, Rigid +$2.5 and Beauty Solutions +$0.3

Financial Review

• North America strong catch-up on Fragrance with slow but improving performance in Lotion

• Brazil launch for product replacement with better performance than last year

• Tubes good trend in the US supported by teams and technology

• US digital printer in ramping up replacing old printers

• North American successful launches with positive profitability impact and improved product mix

• Brazil stable performance with strong demand on Lipstick segment

Operational Review

FY 2015 Sales in Asia up 4.0% with operating profitability up by 9.9%

39

In $ million unless stated otherwise

Q4 2015

Q4 2014

DeltaYTD2015

YTD2014

Delta

Organic Sales 53.8 52.5 2.4% 231.3 222.4 4.0%

FX translation effects (*) 3.5 13.1

Disposal effects - -

Reported Sales 53.8 56.0 (4.1)% 231.3 235.5 (1.8)%

Adjusted Organic EBITDA 9.2 5.8 57.8% 25.6 23.3 9.9%

- in percentage of Sales 17.0% 11.0% 598bps 11.1% 10.5% 60bps

Capital Expenditure (Capex) (**)

2.8 6.7 (58.9)% 11.2 22.2 (49.8)%

- in percentage of Sales 5.1% 12.8% (765)bps 4.8% 10.0% (516)bps

Organic Sales - Analyticalin $ million

Q4 2015

Q4 2014

DeltaYTD2015

YTD2014

Delta

Regional view

China & Hong-Kong 34.2 31.7 7.8% 145.2 138.5 4.8%

South East Asia (***) 19.6 20.8 (6.0)% 86.1 83.9 2.7%

Product family view

Tubes 14.5 14.4 0.3% 58.9 56.7 3.9%

Rigid Packaging 33.1 34.1 (2.9)% 149.1 146.6 1.8%

Dispensing 6.2 4.0 54.2% 23.2 19.1 21.4%

Beauty Solutions - - - - - -

• China GDP growth slows in Q4 at +1.6% QoQ (lower than Q3 and below market expectations)

• Indonesian GDP shank -1.8%, QoQ• Q4 Trading Activity in Asia hit by

Forex translation effects on sales for $1.3m; USD/IDR around -1.0m$

• Inflation rates in India at 5.6% and Indonesia at 3.4% YoY

• YoY inflation rate in China recordedat 1.6% in December 2015 (same in September 2015)

Macro and Market

Dynamics

(*) 2014 at 2015 rates(**) Capex cash out net of proceeds + new finance lease(***) South East Asia includes India & Indonesia

• Q4 2015 Organic sales up by +2.4% with China up by +2.5m and South East Asia down by -$1.2m; with Dispensing up by +$2.2 and Tubes +$0.1m while Rigid down by -$1.0

• Q4 2015 Organic EBITDA up by $3.4m mainly due to Rigid activity up by +$2.9

Financial Review

• Market slow down in both India and Indonesia, but some good prospects out of Oral care market may bring additional growth

• Indian Oval tubes innovation brings new business on Skin care market

• Rigid situation stabilized in Suzhou after footprint program allowing better competitiveness , lower labor cost, complexity reduction and improved agility

• Indonesia continues to outperform Rigid market with excellent product quality and successful launches against local market uncertainty

Operational Review

40 – INTRODUCTION

60% 60%6 out of 10 clusters representing 60% of sales grew by 4.5% in 2015 vs group’s sales growth at constant currency in FY 2015 of 1.0%

6 out of 10 clusters representing 60% of sales delivered EBITDA growth of 16% in 2015 at constant rate

52%6 out of 10 clusters representing 52% of sales in 2015, posted a EBITDA margin of 14% or above

Focussed on delivering strong performance across al l clusters Majority of clusters outperformed the market in FY 15

In $ million Q4 2015 Q4 2014 Delta YTD 2015 YTD 2014 Delta

Reported Sales 332.6 351.3 (5.3)% 1,397.7 1,559.5 (10.4)%

COGS (267.4) (286.2) (6.6)% (1,141.5) (1,268.0) (10.0)%

Gross Profit 65.2 65.0 0.3% 256.2 291.4 (12.1)%

SG&A (44.7) (41.1) 8.7% (167.9) (188.6) (11.0)%

Restructuring and project costs

(14.0) (7.9) 76.3% (27.4) (28.7) (4.4)%

Other (5.2) (4.4) 19.0% (18.1) (16.1) 12.6%

Operating Profit 1.3 11.6 N.M. 42.8 58.1 (26.3)%

Operating Profit 1.3 11.6 N.M. 42.8 58.1 (26.3)%

+ Operational non cash items

21.3 18.7 13.5% 80.8 76.1 6.2%

+ Restructuring and project costs

14.0 7.9 N.M. 27.4 28.7 (4.4)%

+ Add backs 2.7 2.1 29.3% 7.0 5.5 27.5%

= Adjusted EBITDA 39.3 40.3 (2.6)% 158.0 168.3 (6.1)%

- in percentage of Sales 11.8% 11.2% 58bps 11.3% 10.7% 58bps

41

Financial Highlights at various rate (1/2)

In $ million Q4 2015 Q4 2014 Delta YTD 2015 YTD 2014 Delta

Adjusted EBITDA 39.3 40.3 (2.6)% 158.0 168.3 (6.1)%

D&A (21.3) (18.7) 13.5% (80.8) (76.1) 6.2%

Restructuring and project costs

(14.0) (7.9) N.M. (27.4) (28.7) (4.4)%

Other (2.7) (2.1) 29.3% (7.0) (5.5) 27.5%

Operating Profit 1.3 11.6 N.M. 42.8 58.1 (26.3)%

Net Finance costs (32.4) (35.3) (8.3)% (114.5) (131.6) (13.0)%

Profit from continuing operations before income taxes

(31.1) (23.8) 30.8% (71.7) (73.5) (2.5)%

Income tax (3.7) 8.3 N.M. (15.4) 2.6 N.M.

Share of profit of associates - - N.M. 0.5 0.4 6.7%

Profit / (loss) for the Period (34.7) (15.5) N.M. (86.6) (70.5) 22.8%

Financial Highlights at various rate (2/2)

42

In $ million FY 2015 FY 2014

Cash flow from operating activities 158.2 126.5

o/w Adjusted Ebitda 158.0 168.3

o/w Change in Working Capital 40.4 28.5

o/w Income Tax paid (10.8) (14.7)

o/w Other (*) (29.5) (55.6)

Cash flow from Investing activities (73.1) (74.3)

o/w Capex with implementation costs (70.0) (93.8)

Finance lease additions (7.5) (14.7)

Interest paid (60.9) (61.7)

Other (2.9) (2.7)

Free Cash Flow 13.7 (26.9)

FY 2015 Positive Free Cash Flow at $13.7 million

43

(*) Mainly restructuring/projects cost and cash out on provisions for risk and contingencies

Change in Working Capital

� For the sixth quarter in a row, Positive Free Cash Flow in Q4 2015

� Q4 2015 Free Cash Flow at +$3.2 million � Working capital initiatives (receivables,

inventory with better DIO by 6 days)� Overdue at $7.7 (end of Q4 2015)

� FY 2015 Positive Free Cash Flow at +$13.7 million

Capex

� Investing in sales growth/renewal (49%), cost reduction/restructuring (23%) to fully support business and manufacturing capabilities (FY 2015)

� Q4 2015 Capital Expenditure including leasing at $25.2 million

� FY 2015 Capital Expenditures at $77.5 million, incl. leasing at $7.5 million

3,2

1,4

2,6

6,6

13,1

21,4

Q4 2015

Q3 2015

Q2 2015

Q1 2015

Q4 2014

Q3 2014

Free Cash Flow in $mios

$13.7m

FY 2015 Sales Bridge FY 2015 EBITDA Bridge

3,6 (2,3)

(19,9)

8,3

168,3

148,4

158,0

100

110

120

130

140

150

160

170

FY

201

4 R

epor

ted

FX

tra

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tion

Per

imet

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es

FY

201

4 O

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Tub

es

CR

P

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er (

*)

FY

201

5 R

epor

ted

44

FY 2015 Sales & EBITDA Bridges by Divisions

In $ million In $ million

(*) Other includes Trading activities and Corporate

3,0 0,2

(176,6)

11,6

1 559,5

1 382,9 1 397,7

1200

1250

1300

1350

1400

1450

1500

1550

1600

FY

201

4 R

epor

ted

FX

tra

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tion

Per

imet

er c

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FY

201

4 O

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Tub

es

CR

P

Oth

er (

*)

FY

201

5 R

epor

ted

FY 2015 Sales Bridge FY 2015 EBITDA Bridge

6,0

(8,0)

(19,9) (8,0)

19,6

168,3

148,4

158,0

100

110

120

130

140

150

160

170

FY

201

4 R

epor

ted

FX

tra

nsla

tion

Per

imet

er c

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es

FY

201

4 O

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ic

Pric

e +

Pas

s th

roug

h

Infla

tion

Vol

ume

/ Mix

Cos

t

FY

201

5 R

epor

ted

45

FY 2015 Sales & EBITDA Bridges by Drivers

In $ million In $ million

(*) Other includes Trading activities and Corporate

(8,2)(176,6)

6,0

1 559,5

1 382,9 1 397,7

1200

1250

1300

1350

1400

1450

1500

1550

1600

FY

201

4 R

epor

ted

FX

tra

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tion

Per

imet

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FY

201

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Vol

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man

ufac

ture

d

Vol

ume

tool

ing

FY

201

5 R

epor

ted

17,0

In $ million

Net Debt Bridge FY 2015

46

(114.4)

10.8

64.5 4.34.0

17.1

(26.0)

500,0

520,0

540,0

560,0

580,0

600,0

620,0

640,0

660,0

680,0669.8

630.1

Positive Free Cash Flow $13.7 million

(*) mainly consulting fees and non recurring project (SAP implementation, plant optimization, Rigid Packaging Europe restructuring,…) (**) mainly Forex

Leverage at 3.99 X as at December 31st, 2015

47

In $ millionAs of

December 31 st

2015

Cash on hand 96.8

North America ABL facility amount 60.0

Facility borrowing base 41.9

Less amount utilised under NA ABL (7.9)

Less minimum availability under NA ABL (7.5)

North America ABL Net Availability 26.5

Europe A/R facility amount 109.1

Facility borrowing base 23.4

Less amount utilised under EUR A/R (13.8)

Europe A/R Net Availability 9.5

Total Liquidity 132.8

In $ millionAs of

December 31st 2015

Liquidity 132.8

- Of which cash and cash equivalents

96.8

- Of which undrawn lines

36.0

Net Debt 630.1

Adjusted EBITDA 158.0

Net Debt / Adjusted EBITDA multiple

x 3.99

� €45 million 8.75% Senior Secured Notes due 2019, dealt 28 January 2015 and fungible into existing €200 million Notes dealt October 2012

� 3-year committed Factoring facility of €100m (maturity June 2017) with Eurofactor and syndicated through Albéa pool of banks (Natixis, BNPP) late April 2015

� ABL line of $60m (extended maturity October 2019)

� S&P Albéa Beauty Holdings ‘B’ ratings affirmed on improved liquidity profile; outlook ‘Stable’ (Update 8 October 2015)

Permitted debt and guarantor package: Status as of December 31st, 2015

Items Total Capacity(in $ million)

Remaining Available Amount as of Dec 31, 2015 (in $ million & %)

Capital Leases 30.0 20.5 (68%)

General Debt Basket 35.0 - (*)

Local Overdraft and Facilities 30.0 22.3 (74%)

Credit Facilities 70.0 54.6 (78%)

Total 165.0 97.4 (59%)

Revenues

EBITDA

As per Offering Memorandum (June 30, 2012)

As of December 31, 2015

47,0%53,0%

Non Guarantor Guarantor

Permitted Debt (since Oct. 30 th 2012)

Guarantor Package

48

47,0% 55.7%53,0%

49.7%54,1%45,9%

66,9%

33,1%

(*)Additional notes issued in February 2015 taken from Credit Facilities and General Debt Basket (45m€) at end of December 2015 EUR/USD

Significant progress with positive results

• Capitalised on our track record of footprint optimisation to drive further efficiency of the plant and network

• Specialize Rigids plant in France and reduce headcount• Group plants in China could be further optimized

Similar transformation completed in France “Dream” (2013), Italy “Be One” (2014), China North (2015) with great success.

France and China have started in 2015 and will end in 2017

• Following Rexam acquisition, we have completed 90% or $37m of the expected synergies at same rate

• Project completed on time at less than 50% of the expected cost

Reduced standalone SG&A by $22 and achieved footprint savings of $15

• 9 SAP implementations left: 3 planned in 2016 and the rest in 2017• Leverage new common platform to set up shared services,

streamlining supply chain processes, master data and reduce SG&A• Focusing on span of control and transactional costs optimisation

we had 22 different systems and are now covering 70% of the business with SAP. No business disruption.

SAP Roll out 2016 (3 sites), 2017 (3 sites), 2018 (3 sites)

• Require strong NPD process to promote agility with customers• Invested in an IT platform to monitor stage gate processes and

trained more 700 people on this in the last 12months• Provides ability to be able to answer customer requests faster and to

adapt the process to the product’s complexity vs. our standards

Recently won a significant project thanks to quick and efficient processes vs. competitors

• Building a S&OP platform in order to optimise our supply chain and global footprint to drive agility in responding to customer requests

• Reinforce our flexibility to adapt to market changes quicker with modularity, plugability and standardisation

• Investing in Automation, Digital Printers and 3D printers

Good regional success of “sister plants” that are transferring assets from one country to another to adapt quickly to demand ( India/Indonesia. Mexico/ Brazil). Ability to load one plant vs. another to optimize workload in Europe

SAP

ACTION TRACK RECORD TIMING

• Customer expectation is increasing to “zero defect” and requires improvement in our our operational performance

• Need to implement Statistical Process Control equipment on our assets in order to control quality before vs after production

Reducing quality at Albea in the last years as Rexam is being brought to our level

Pilote investment in 2016 with $4m for Mexico, France and US

FOOTPRINT

NEW PRODUCT DEVELOPMENT

SUPPLY CHAIN (S&OP)

QUALITY

SYNERGIES

INFORMATION SYSTEMS

Transformation well underway

49

Key Takeaways

Supporting all our customers’ ambitions2016 Strategic Priorities

51

• Growth: geographies, brands, partners, business mod els (incl. Full Buy)• Agility: time-to-market, fast response, effective p rocesses, flexible service• Customer-valued products, services and innovation ( incl. digital) • CSR: 2015-2020 Roadmap and targets• Teamwork, engagement and talent management• Capital Expenditure: support growth and maintain te chnical leadership

• Technical innovation (web, decor, processes)• Global industrial strategy to optimize assets and e xpand with our customers• Operational excellence & global technical networks

• Footprint specialization• Automation• Operational excellence & global expert networks

• Fast innovation and alliances• Flexible industrial model (incl. customization / s tandardization)• Operational excellence

Albéa

Tubes

Cosmetic Rigid Packaging

Dispensing Systems

Beauty Solutions

• Expand offering and partners networks; target new marke ts• Adjust offering to customer needs and grow customer base• Adapt organization model and leverage Albéa capabilitie s

Close client relationships and innovation a key diff erentiator

Evolving client behaviour necessitates greater flexibility

Agility� Proximity & shorter lead times� Increased destocking behaviour� Technical expertise

Market Access� Offering adapted to new channels

of distribution (e.g. Digital) � Reliable support in Emerging

markets

Sustainability� Environment � Social / Ethical � Health

Productivity� Zero defects requirements� Product cost (Digital / 3D printing)� Supply chain efficiency� Automation

52

CLIENT REQUIREMENTS AGILITY MARKET ACCESS PRODUCTIVITY SUSTAINABILITY

PRIMARY STRATEGIC INITIATIVES

� Revenue management � Hair Dye � Cosmetic Laminate

� Automation� Footprint� SG&A optimisation

� Our people� Our Product design� Our operation efficiency

(waste, CO², water..)

ST

RA

TE

GIC

E

NA

BLE

RS

New product Development / Innovation � �

Supply Chain Improvements � � �

Quality � � � �

Information Systems (incl. Internet of things) � � �

Manufacturing Excellence (incl. 3D printing) � � �

Standardisation of Assets and Processes � �

Dedicated Transformation Team � � �

Human Resources � �

ST

RA

TE

GIC

A

CC

ELE

RA

TO

RS M&A �

Faster production equipment upgrade �

Faster IT implementation plan � �

Rolling out an execution plan across every strategic pillar

Synchronizing our strategy to meet the needs of the Customer

RESULTING IN ALBEA’S STRATEGIC INITIATIVES

53

Q&A

http://investorrelations.albea-group.com

contact.investors@albea-group.com

Upcoming earnings releases

Albéa communication calendar 2015-2016

55

Q1 2016 Earnings Release May 24th, 2016

July 22ndQ2 & H1 2016 Trading Update July 22nd, 2016

AQ2 & H1 2016 Earnings Release August 25th, 2016

Q3 2016 Earnings Release November 10th, 2016

Q4 & FY 2016 Trading Update Mid-January 2017

Appendices

Packaging and More