The company will invest at least $195 million to expand its current beverage can metal manufacturing facility in Winston-Salem. But in any event, perhaps we want to solve that on this call, but that's the only thing I'd point out there. There is some acceleration in volume received in our guidance in the second half, and we can talk more about the markets and why we've got that assumed. Visual effects across labels and ends to positively influence consumer purchase decisions and strengthen retail price points. AMP is a leader in sustainable, value-added, infinitely recyclable metal beverage can packaging solutions. In fact, it's more than minus 10%. Sure. One longer-term question, one sort of short-term financial question. The Company intends to apply to list its shares on the New York Stock Exchange (NYSE) under the new ticker symbol AMBP. Look, I think we've also evaluated that risk, and we regard it as very low. I appreciate that. Ardagh has reaffirmed its full-year guidance, with shipment growth of mid to high single digits. We will show continued discipline with our capacity planning in the interim. So soft drink is definitely a bit stronger than beer. The call can be accessed by dialing +1 (833) 470-1428 (domestic toll-free number) or +1 (404) 975-4839 (international) and providing the access code: 403501. Ardagh Metal Beverage USA Inc. 2145 Cedar St Fremont OH 43420 (419) 355-8222. * Ardagh Metal Beverage North America produces more than 15 billion cans and can ends annually? We will continue to focus on working capital efficiencies, and our guidance for a full year working capital benefit of approximately $100 million remains unchanged. And maybe you can just characterize what you're seeing in Europe from a demand perspective. So again, sort of through to the middle of the decade. I will now turn the call over to Oliver Graham. Thank you, operator, and welcome, everybody. And then if there's any sort of trigger date for contract resets for PPI or any kind of mechanism like that, that we should keep in mind as we kind of think about the rest of the year? Sard Verbinnen & Co Ardagh Metal Packaging S.A. (AMBP) Q1 2023 Earnings Conference Call April 27, 2023 9:00 AM ET. Please go ahead. Maybe just because Anthony set it up, I'll cover the dividend. The assumptions and estimates underlying such projected financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. At this time, I would like to turn the conference over to Mr. Stephen Lyons, Ardagh Metal Packaging Investor Relations. San Pedro, CA (310) 519-2400. So it's just the transitional process that's causing the payables to go down in Q1. Or are we operating at a high level? The companys global supply chain partners commitment to the Aluminium Forward 2030 coalition and endorsement of the Mission Possible Partnerships net-zero strategy supports actions to achieve the industrys net-zero carbon footprint ambition. And then I think what drove the shift out of returnable and has driven it in all markets as GDP per capita rises is that as consumers get richer, they don't like returnable and retailers and mass retailers, in particular, that grow with economic development also particularly don't like returnable. In Europe Adjusted EBITDA declined by 8% to $49 million as a strong contribution from input cost recovery was more than offset by higher operating costs and the seasonal rebalancing of the contract asset margin. Ardagh Claude Marbach beverage can . Probably mostly around the new. So we have volumes, we're getting to pick up. In the quarter, AMP incurred additional growth CapEx of $90 million and maintenance CapEx of $36 million. Ardagh Metal Packaging S.A. (NYSE: AMBP) will hold its first quarter 2023 earnings webcast and conference call for investors at 9.00 a.m. EDT (2.00 p.m. BST) on April 27, 2023. The contribution from shipment growth was more than offset by higher operating costs. We definitely had some brighter spots with some customers recovering, but we also had some weaker spots, especially as we had a very strong first half with a couple of customers last year. So if the beverage companies do increase their promotional activity, does that result in maybe some give back of price or especially with considering the deflation. As part of the Mission Possible Partnership, we have endorsed the industry back net zero transition strategy, and we continue to progress our sustainability targets and are delighted to have just signed a PPA agreement with [indiscernible] Electricity in Germany, which will provide approximately 20% of our electricity needs. We're highly contracted and so are our major peers through the middle of the decade. Readers are cautioned not to put undue reliance on forward-looking statements, and Gores Holdings V, Ardagh and AMP assume no obligation and, except as required by law, do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. So I think when you add it all together, it makes all sorts of sense that you'd see some increased promotional activity as we go through the year. And then lastly, just I guess on the curtailments. Thanks, David. So just to clarify that whether it's kind of No, I certainly would say that. Please review the detail of AMP's forward-looking statements disclaimer and reconciliation of non-IFRS financial measures to IFRS financial measures in AMP's earnings release. Although industry demand is slowly recovering in Brazil, performance in the country remained softer. So in theory, you might get a lower cost on other cash utilization relative to the dividend where the market is putting a 11% yield on. Look, I think in one-returnable transition to one-way transitions to one-way can [indiscernible] glass because the customers want to use the shelf and have some premium positioning around glass and then some mass volume driving around cans. We continue to manage our capacity in a disciplined manner through curtailment actions that moderate our footprint ahead of growth in demand and that position the business for a period of investment-free growth.