Libbey Inc. reported first quarter 2018 earnings. Key highlights included sales increasing 5.2% to $181.9 million driven by new product launches. Adjusted EBITDA increased 91% to $11.9 million compared to the prior year. Management expects full-year adjusted EBITDA margins between 10-11% and net sales to increase low single digits, maintaining the previous 2018 outlook.

1. Libbey Inc.
Q1 2018 Earnings C all
May 1, 2018

2. Management on Today’s Call
2
Jim Burmeister
Vice President, Chief Financial Officer
Bill Foley
Chairman and Chief Executive Officer
Joe Huhn
Vice President, Financial Planning & Analysis
and Investor Relations

3. Cautionary Statement
Material presented on today’s call includes forward-looking statements about Libbey Inc. These statements are
subject to risks and uncertainties, including market conditions, competitive pressures, the value of the U.S. dollar
and potential significant cost increases. Please refer to the Company’s Form 10-K for fiscal year-end December 31,
2017, filed on March 1, 2018, for further information.
This presentation includes financial information of which the Company’s independent auditors have not completed
their review. Although the Company believes that the assumptions upon which the financial information and its
forward looking statements are based are reasonable, it can give no assurances that these assumptions will prove
to be accurate.
This presentation and today’s prepared remarks contain non-GAAP financial measures. We believe that the
Adjusted Earnings Before Interest Taxes Depreciation and Amortization, or Adjusted EBITDA; Adjusted EBITDA
margin; Trade Working Capital; Debt, net of cash to Adjusted EBITDA; Adjusted Selling, General and Administrative
expense; and references to sales in constant currency are meaningful measures for investors to compare our results
from period to period.
Reconciliations of the non-GAAP to GAAP measures may be found within the earnings press release and the
supplemental financials.
3

4. 2018 First-quarter Highlights
 Sales increased $8.9MM or 5.2%; Adjusted EBITDA increased 91% compared to
first-quarter 2017
 New products drove approximately $9.5MM of sales growth
 U.S. & Canada e-commerce sales now represent ~11% of the retail sales for the
region
 U.S. & Canada foodservice continued to outperform the market in the quarter;
sales growth of 0.9%, compared to a 2.7% decline in U.S. foodservice traffic(1)
 Latin America and EMEA improved profitability for third consecutive quarter
 Performance of manufacturing operations continues to improve, maintaining
momentum from second half of 2017
4
(1) – Source: Black Box

5. Retail Products Launched in First-quarter 2018
 Inspiring Your Everyday:
Libbey combined lifestyle trends
and consumer insights to launch
yourWARE™; product solutions
for everyday living
 Themes: beverageware,
entertainment and everyday
living sets and bakeware and
food storage
5

6. Beverageware
 3 winning designs selected from
36 design concepts tested with
consumers
 Fashionable and elegant optics
that sparked consumer interest
and increased the perceived
value
 A significant number of retailers
surveyed indicated a strong
purchase intent
6

7. Entertainment and Everyday Living Sets
 Adulting™ collection for the millennial consumer
who is transitioning to a life of at-home
entertaining
 Adulting™ collection receiving strong interest
from customers; already placed with one
national retailer
 A new line of alcohol-themed entertainment sets
launched to enhance the at-home spirits and
beer experience
7

8. First-quarter Progress in E-commerce
 36 products launched online
through April; another 100
expected in 2018
 11% of U.S. & Canada retail sales
 Accelerating new products to
market; helping to drive additional
brick-and-mortar placements
 Helping to establish higher
branded price points for innovative
new products
8
Entertaining Indoors Out - New line of premium plastic

9. Key Financial Data
First-quarter ‘18 & ‘17
9
(1) See the Appendix for definitions of non-GAAP measure
(2)See our first quarter 2018 press release filed on form 8-K on May 1, 2018, for reconciliations of Adjusted EBITDA, Adjusted EBITDA margin, Trade Working
Capital and Debt, net of cash to Adjusted EBITDA ratio to the most directly comparable U.S. GAAP measure.
Unaudited
$ in millions, except per share data '18 '17 VPY
Net sales 181.9$ 173.0$ 8.9$
Gross profit 33.7$ 31.2$ 2.5$
Gross profit margin 18.5% 18.0% 0.5%
Selling, general & administrative expenses 31.5$ 33.3$ (1.8)$
Net income (loss) (3.0)$ (6.6)$ 3.6$
Net income (loss) margin (1.6%) (3.8%) 2.2%
Diluted EPS (0.13)$ (0.30)$ 0.17$
Adjusted EBITDA
(1)(2)
(non-GAAP) 11.9$ 6.2$ 5.7$
Adjusted EBITDA margin (1)(2)
(non-GAAP) 6.6% 3.6% 3.0%
Unaudited
$ in millions, except ratio
March 31,
2018
December
31, 2017
March 31,
2017
Trade Working Capital
(1)(2)
(non-GAAP) 215.9$ 199.5$ 188.3$
Debt, net of cash to Adjusted EBITDA ratio (1)(2)
(non-GAAP) 5.1 x 5.1 x 3.9 x
First Quarter

10. Q1 ‘18 Net Sales of $181.9 vs. $173.0 in Q1 ‘17
10
$ in millions
U.S. & Canada
OtherEMEA
Latin America
$7.6 $7.4
(0.2)
$0
$2
$4
$6
$8
$10
Q1 '17 Net Sales Sales Decline Q1 '18 Net Sales
$25.3
$32.2
$2.5
$1.7
$2.8
$20
$25
$30
$35
$40
$45
Q1 '17 Net
Sales
Retail Foodservice B2B Q1 '18 Net
Sales
$30.7
$34.3
$2.2
$0.6
$0.8
$30
$32
$34
$36
Q1 '17 Net
Sales
Retail Foodservice B2B Q1 '18 Net
Sales
$109.3
$107.9
( $1.4) $0.5 ( $0.5)
$100
$105
$110
$115
Q1 '17 Net
Sales
Retail Foodservice B2B Q1 '18 Net
Sales

11. Adjusted EBITDA(1) Walk
11
$ in millions
(1) - See our first quarter 2018 press release filed on form 8-K on May 1, 2018, for a reconciliation of Adjusted EBITDA to net income (loss).
$6.2
$11.9
2.3 0.5
0.5
3.3
(0.9)
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
Prior Year Impact of Sales/FCM Currency Manufacturing
Activity
Benefits Other Adjusted EBITDA
Q1'18 Adjusted EBITDA vs. Prior Year (in $MM)
E-commerce
$1.1MM
Reduced
Downtime: $2.2MM

12. Maintaining Previous 2018 Outlook
 Expected First-half Adjusted EBITDA(1) margins of 8.5-9.5%
– First-half net sales expected to increase low-single digits
– First-half downtime due to furnace rebuilds similar to prior year
 Anticipated Full-year Adjusted EBITDA(1) margins of 10%-11%
– Full-year net sales expected to increase low-single digits
– Full-year downtime due to furnace rebuilds similar to prior year
– Capital expenditures approximately $50-$55 million
– SG&A ~17% of net sales – to fund initial ERP investment, partially offset
by a reduced level of digital investment
12(1) - See our first quarter 2018 press release filed on form 8-K on May 1, 2018, for a reconciliation of Adjusted EBITDA to net income (loss).

13. Q&A
13

14. Appendix of Non-GAAP Definitions
 Adjusted EBITDA and Adjusted EBITDA Margin
• U.S. GAAP net income (loss) plus interest expense, provision for income taxes, depreciation and amortization, and
special items, when applicable, that Libbey believes are not reflective of our core operating performance
 Trade Working Capital
• Net accounts receivable plus net inventories less accounts payable.
 Debt, Net of Cash to Adjusted EBITDA Ratio
• Gross debt before unamortized discount and finance fees, less cash and cash equivalents, divided by last twelve
months Adjusted EBITDA (defined above).
 Constant Currency
• Constant currency references regarding net sales reflect a simple mathematical translation of local currency results
using the comparable prior period’s currency conversion rate.
14

15. Additional Information
NYSE MKT: LBY
Alpha IR Group
Chris Hodges & Sam Gibbons
312-445-2870
email: LBY@alpha-ir.com
visit our website: www.libbey.com