Libbey Inc.

Investor Presentation

October – December 2017

Management

1

Jim BurmeisterVice President, Chief Financial Officer

Bill FoleyChairman and Chief Executive Officer

Joe HuhnVice President, Financial Planning & Analysis

and Investor Relations

Material provided in this presentation include forward-lookingstatements about Libbey Inc. These statements are subject torisks and uncertainties, including market conditions, competitive pressures, the value of the U.S. dollar and significant cost increases.

Please refer to the Company’s Form 10-K for

fiscal year-end December 31, 2016, filed on

March 3, 2017, for further information.

Safe Harbor Statement

2

• Global tabletop leadership; one of the world’s largest global glass manufacturers, growing in tableware and flatware

� Leading market positions in U.S. & Canada and Latin America and across multiple sales channels: foodservice, retail and B2B

� #1 U.S. foodservice business drives significant recurring revenue and profitability(1)

� Strong customer relationships include North America’s largest foodservice distributors and most recognized retail names

• Customer-centric growth strategy focused on growth and operational and organizational excellence

• Simplifying supply chain to improve manufacturing flexibility and ROIC(2)

• Strong liquidity and financial flexibility

• Balanced approach to capital allocation prioritizes investing in the business and debt reduction

Investment highlights

3(1) Management estimates(2) See Appendix: Definition and reconciliation of non-GAAP measures for definition of ROIC and Free Cash Flow

4

Libbey at a glance

A global tableware leader selling manufactured and sourced glass, ceramic and metal tableware. #1 in the Americas!(1) and #2 global in glass beverageware(1)

Customers include some of North America’s largest foodservice distributors and most recognized retail names

$793.4 million of net sales in 2016 sold to Foodservice, Retail and B2B channels globally

Selling > 1.2 billion tableware pieces annually

Our products are central to lifestyle and celebrations at home, in restaurants and in over 100 countries around the world

NYSE American: LBY

(1) Management estimate

Libbey competes in four product categories

5

Category Products Manufacturing

Glass Tableware

• Tumblers, stemware, mugs, bowls, salt shakers, shot glasses, canisters, candleholders, handmade tableware

In-house/Sourced

Other Glass Products

• Bakeware, blender jars, mixing bowls, floral, candle, and washing machine windows

In-house

Dinnerware• Plates, bowls, platters,

cups, saucers, and other tableware accessories

Sourced

Metalware

• Knives, forks, spoons, serving utensils, serving trays, pitchers, and other metal tableware accessories

Sourced

Libbey goes to market in three key channels

• Extensive network of ~500 of the finest U.S. foodservice distributors who sell to restaurants, bars, hotels and travel and tourism venues

• #1 glass beverageware supplier and #2 dinnerware and flatware supplier in the U.S. and Canada(1)

• A high percentage of foodservice glass tableware sales are replacements, driving a predictable revenue stream

• ~ 60% market share in U.S. foodservice glass beverageware(1)

• Customers of this diverse channel include:

- Marketers of popular household décor items, like candles and floral applications

- Top household appliance manufacturers purchasing glass blender jars, mixing bowls and washing machine windows

- Marketers who apply logos to Libbey glassware for resale to breweries, distilleries, soft drink companies and others

Foodservice

Business-to-Business (B2B)

• Customers include leading mass merchants, department stores, upscale retailers, grocers and internet retailers

• North America’s #1 retail supplier of casual glass beverageware and most recognized glass beverageware brand; an important driver of profitable factory utilization (2)

• ~40% market share in U.S. casual glass beverageware, branded and private label(2)

6(1) Management estimate(2) Management estimate using Q2 NPD Group Retail Tracking Service

Retail

No single customer accounts for 10% or more of consolidated net sales

Established industry leadership and global presence

7

Million Total Square Feet

7Warehousing /

DCs

8Manufacturing

Facilities

6

West Chicago, IL

Toledo, OH

Shreveport, LA

Monterrey, Mexico

Laredo, TX

Marinha Grande, Portugal

Leerdam, Netherlands Langfang,

China

Manufacturing / Warehousing / Distribution CentersWarehousing / Distribution Centers

Headquarters

(1) In the first quarter of 2017, net sales and related costs for certain countries were reclassified between segments to align with changes in business unit responsibilities. Accordingly, 2016 segment results have been reclassified to conform with the revised structure. The revised 2016 segment results do not affect any previously reported consolidated financial results.

(2) Represents percentage of Segment EBIT only

Other

1%

EMEA

2%

Latin America

14%

U.S. & Canada

83%

Latin America

19%

EMEA

16%

Other

4%

U.S. & Canada

61%

2016 Net Sales by Segment (1)

2016 Segment EBIT(1)(2)

• ‘Annuity Like’ market with a strong ‘installed base’ of customers reordering based on table setting placements

• Consumer confidence is strong and discretionary income is rising

• Foodservice market leader recognized for excellence by leading foodservice distributors:

• Strong foodservice network and in-house salesforce sell to established restaurants, hospitality and tourism and new entrants throughout the country

• Steady pace of innovation and critical profitability of beverages lead to lower price sensitivity; price increases in 43 of last 47 years

• Exceptional depth and breadth of product line and sizeable installed tableware base provide significant advantage

8

Foodservice channel: positioned for continued strength

Edward Don & Company Trimark US FoodsSysco ABC Webstaurant

• U.S. casual glass beverageware leader; market share in brick & mortar estimated at ~40%… more than twice the next competitor(1)

• Highly recognized brands and enhanced e-commerce capabilities position the company for continued leadership

• Established relationships with major retailers provide a platform to launch innovative products aligned with consumer wants and needs

9

Retail channel: improving competitive positioning

(1) Management estimate using Q2 NPD Group Retail Tracking Service, NPD survey and management estimates, includes branded and private label

Walmart Amazon Bed Bath & Beyond

Dollar Tree Target Soriana

Wayfair IKEA Crate & Barrel

• The business-to-business channel offers diverse opportunities for growth and capacity utilization

�Established global supplier of logo glassware for promotions and OEM supplier to leading appliance manufacturers

�Growing in houseware applications: decorated beverageware and glass components for candles and floral applications

�Commercial sales of blender jars and washing machine windows

10

B2B channel: diverse opportunities for growth

Whirlpool Princess House Smith MountainSunbeam Syndicate Sales Inc. Star Soap & Candle

Organizational Excellence

11

Libbey has three key strategic focus areas:

Growth

Operational Excellence

1.

2.

3.

12

Growth1• New product innovation & e-commerce to drive growth and market expansion

• New product development process grounded in market insights

� Differentiated offerings aligned with current consumer wants and needs

� Expansion in underserved and emerging categories

- Foodservice: underpenetrated categories, adjacent venues like healthcare, assisted living & travel and tourism

- Retail: adjacent categories; good, better, best offerings

• Leveraging new products to target existing and new segments

� Launched more than 200 new products targeted to retail at International Home & Housewares show in March 2017

� 350 new products targeted to foodservice launched at National Restaurant Association show in May 2017

� 72 new retail directed products launched at New York Tabletop show in October 2017. Targeted to defined consumer segments using customer research data.

� Three year pipeline of projects built to sustain momentum

• E-commerce capabilities launched in July of 2017

� Enhances capabilities to maintain retail market leadership as consumers increasingly purchase on the internet in addition to in traditional brick & mortar retail stores

Lifestyle trend inspired launch of over 200 new Libbey retail products

13

2017 International Home and Housewares Show 1

• Insights from consumer research driven designs, culminated in a modern collection designed to fit today’s lifestyles – Urban Story

• Practical, yet beautiful. Simple, yet versatile. Multi-functional.

Urban Story Collection

14

2017 National Restaurant Association Show 1Insight-driven product solutions support customer success

Today’s hottest food and beverage trends, combined with Libbey’s tabletop expertise, helps customers define and deliver the experiences they want for their patrons.

Retro drinks and fine spirits enhanced by classic, cut glass designs

Mixing solid and multi-tone dinnerware; TikiOrganic shapes Earthen looksCraft beer and snacks

Unique Innovation: Constellation™ porcelain dinnerware with Microban® technology, offered exclusively by Libbey

15

2017 National Restaurant Association Show 1

• Our brightest-ever white porcelain in three mix-and-match styles for endless combinations

• Microban integrated into the fully vitrified glaze that lasts the life of the dinnerware – contributes to a cleaner eating surface, adding a level of defense against bacterial growth*

• Supports a system of cleanliness and hygiene while helping to protect the establishment’s reputation

* Applies only to bacteria that can cause stains, odors and product

degradation.

16

2017 New York Table Top Show1Research Driven New Products

Designs tested with 1,000+

research participantsPresentation and practicality

rolled into one

Hand-crafted from recycled

glass and ceramics

Home Entertaining

Total Tea Experience

• Market research results show that more people are enjoying the art of entertaining in their own homes.

• Consumers are wanting to create unique entertaining experiences while using products that are both practical and festive

17

Product Innovation and E-commerce1Product innovation and e-commerce strategy to drive retail growthAddresses retail headwinds of consumer purchase migration to internet and strong price

competition in commoditized products

Upgraded e-commerce capabilities

Major new product launches

Q3 2017 e-commerce “go live”

Retail recovery and growth

Explore other channel potential?

• Significant progress… from zero to live

capabilities in six months

• Early stages of adoption with new and existing

customers

• Extends retailer aisles – release of shelf-space

constraints dramatically increases exposure for

existing products and new product launches

�

�

�

18

E-commerce Platform1Digital Strategy Aspects:

� Content - Enhanced photography, video and product information

� Showcases real, human content that allows consumers to see themselves with the product and allows them to imagine new and better experiences

� 3PL Drop Ship - Scalability and superior service coast to coast

� Syndication - Process of submission and publication of product information on multiple retailer websites beyond the source

� E-commerce Products - Offers visibility to our full retail line with many more SKUs available online by retailers compared to traditional brick-and-mortar stores

• Goals of Global Network Optimization:

• Redesign our manufacturing platform… meet market needs

– Fix, move or exit processes that are high in costs relative to market price

– Improve global view of assets and margin capabilities… better cross region coordination

• Drive ROIC(1) improvement

– Reduce capital intensity and be more “asset light”

– Lower our cost to produce to improve margins

• Position the company for the future

– Optimized manufacturing footprint and profitably serve our customers

– Develop sourcing capabilities to fill product portfolio without capital expenditures

– Leverage continuous improvement to improve capabilities, lower costs and stay current with market and competitive

– Install state of the art, cloud based ERP system

19

Operational Excellence2

(1) See Appendix: Definition and reconciliation of non-GAAP measures for definition of ROIC

� Product portfolio optimization in 2016- Discontinued underperforming SKUs (20% of global product portfolio)

- Improved product lifecycle management processes

- Improved sales force focus and reduced costs

� 2017 Furnace consolidations and technology upgrades in EMEA and Latin America completed mid-year; other geographies under review

- Focus on reducing capital intensity through consolidation and sourcing

- Working to improve furnace life and increase asset utilization

� 2017 reducing one-piece stemware capacity in Toledo to align with demand

- Improves asset utilization

- Reduces capital expenditures on under performing assets

20

Operational Excellence2

(1) See Appendix: Definition and reconciliation of non-GAAP measures for definition of ROIC

21

Organizational Excellence3

• Organizational re-alignment is supporting new strategy

� Selective new talent in key roles in new product development, marketing, sales and supply chain

� Redesign of sales and marketing organization, including updates to incentive compensation

• Develop winning teams that foster high performance and live our core values of:

� Continuous improvement

� Customer focus

� Development

� Performance

� Respect and Teamwork

22

Invest in the

business

Maintain financial strength

and flexibility

Balanced approach to capital allocation

• Support/accelerate the organic growth of our business

• Selectively consider acquisitions

• Develop or invest in technologies and manufacturing capabilities

• Currently prioritizing debt pay down to move toward target range

• 2017 common dividend estimated at $0.47/share

• Share repurchase authorization increased to 1.5 million shares in 2015

– 524K shares repurchased 2015-2016

• Target Debt Net of Cash to Adjusted EBITDA ratio(1) of 2.5x – 3.0x

• Ability to flex up or down

• Continuing to prioritize debt pay down to move toward target range

– Repaid $24.4 million of Term Loan B in 2016

– $18.3 million in the first nine months of 2017

(1) See Appendix: Definition and reconciliation of non-GAAP measures for details regarding calculation of Adjusted EBITDA and the ratio net debt/Adjusted EBITDA; and definition of Free Cash Flow

Balanced approach to capital allocation

• Flexible capital structure

� $404MM senior secured Term Loan B matures 2021

- LIBOR plus 300 bps (~4.50% at 9/30/17)

- No financial covenants

- $150MM accordion option

� $100MM ABL facility matures 2019

- LIBOR plus 150-200 bps

• Improved interest coverage

� Significant debt paydown and borrowing rate reductions

� $220MM of Term Loan B swapped: ~50% floating rate exposure

• Substantial deleveraging despite investments to strengthen the business

• Fully funded U.S. pension in 2012, lowering annual cash contributions

� ~$7MM estimated global cash contribution for 2017

23

6.4

4.3

3.3 3.0 3.0 2.83.2 3.3 3.1

2008 2009 2010 2011 2012 2013 2014 2015 2016

1.2 1.4 2.5 2.6

3.5 4.2

5.3 6.3

5.3

2008 2009 2010 2011 2012 2013 2014 2015 2016

Adjusted EBITDA(1) / Interest Expense

Debt Net of Cash / Adjusted EBITDA(1)

(1) See Appendix: Definition and reconciliation of non-GAAP measures for details regarding calculation of Adjusted EBITDA and the debt net of cash to Adjusted EBITDA ratio

Capital structure and leverage policy provide financial flexibility

Market leadership and business model drive strong recurring revenue stream and Adjusted EBITDA

(1) See Appendix: Definition and reconciliation of non-GAAP measures for details regarding calculation of Adjusted EBITDA 24

$ in millions

Historical Net Sales Historical Adjusted EBITDA(1)

$810

$749

$800

$817$825 $819

$852

$822

$793

2008 2009 2010 2011 2012 2013 2014 2015 2016

$85$90

$115 $113

$132 $134

$122$116

$112

2008 2009 2010 2011 2012 2013 2014 2015 2016

• Strong cash generation and liquidity

� $61MM cash on hand at 12/31/16

� $88MM ABL availability at 12/31/16

• Seasonal trade working capital needs

� Average $35-$40 MM peak to trough

swing in quarter-end trade working capital

each year(1)

• Capital expenditures on average about equal

to depreciation & amortization

� ~$30 MM growth investment for ClearFire®

glass manufacturing technology over

2014-2015

• Flexibility to selectively pursue M&A

opportunities

• No significant long-term debt due until Term

Loan B in 2021

25

0

50

100

150

200

2012 2013 2014 2015 2016

Total of Cash and ABL

Availability ($MM)

Cash ABL Availability

0

10

20

30

40

50

60

2012 2013 2014 2015 2016

Capital Expenditures, Depreciation & Amortization

Capital Expenditures Depreciation & Amortization

$ M

illi

on

s

(1) Trade working capital is defined as net accounts receivable plus net inventories less accounts payable as also noted in Appendix: Definition and reconciliation of non-GAAP measures

Significant liquidity resources and moderate near-term funding obligations

$136$113

$142 $140 $149

Key Financial DataQ3 ‘17 & ’16 and YTD ‘17 & ‘16

26

(1) See the Appendix for definitions of non-GAAP measures.

margin, Trade Working Capital and Debt, net of cash to Adjusted EBITDA ratio to the most directly comparable U.S. GAAP measure.

(2)See our second quarter 2017 press release filed on form 8-K on August 1, 2017, for reconciliations of Adjusted EBITDA, Adjusted EBITDA

Adjusted EBITDA(1) Walks

27

$ in millions

(1) - See Appendix for a reconciliation of Adjusted EBITDA to net income (loss).

$24.7

$20.0 $3.0 0.1

($6.7)

($1.1) ($0.0)$0.1

$-

$10

$20

$30

Q3 '16 Adjusted

EBITDA

Sales & Margins Manufacturing

Activity

SG&A Currency Other Q3 '17 Adjusted

EBITDA

Q3 vs. PY Adjusted EBITDA Walk

$88.1

$46.4 $0.3

($17.1)

($16.3)($5.4)

($3.2)

$40

$60

$80

$100

Q3 YTD '16

Adjusted EBITDA

Sales & Margins Manufacturing

Activity

SG&A Currency Other Q3 YTD '17

Adjusted EBITDA

Q3 YTD vs. PY Adjusted EBITDA Walk

Outlook for Q4 & Full Year 2017

28

� Q4 Results higher than PY driven by

– Sales lift due to strong orders in USC Foodservice dinnerware and flatware and lower comparable figures associated with Q4 2016 labor negotiations

– Continued efficiencies in our manufacturing operations

– Meaningful sales contributions of new products and e-commerce

� Full year Adjusted EBITDA(1) margins of 9 – 10% given 3rd quarter results and persistent market conditions

– Full year net sales expected to decline low-to-mid single digits vs. 2016, unchanged from prior guidance

– Capital expenditures approximately $50 million

(1) See Appendix for a reconciliation of Adjusted EBITDA to net income (loss) and calculations of Adjusted EBITDA

margin.

Appendix

29

Q3 ’17 Net Sales of $187.3 vs. $196.9 in Q3 ‘16

30

$117.3

$112.3

( $1.2) ( $3.7)

( $0.1)

$100

$105

$110

$115

$120

$125

Q3 '16

Net Sales

Retail Food

Service

B2B Q3 '17

Net Sales

$ in millionsU.S. & Canada

OtherEMEA

Latin America

$7.0 $6.0

($1.0)

$0

$2

$4

$6

$8

$10

Q3 '16 Net

Sales

Sales Decline Q3 '17 Net

Sales

$32.5 $33.7 ( $0.0) ($0.8) $2.0

$20

$25

$30

$35

$40

$45

Q3 '16

Net Sales

Retail Food

Service

B2B Q3 '17

Net Sales

$40.1

$35.3

($2.2) $0.5 ($3.1)

$20

$25

$30

$35

$40

$45

Q3 '16

Net Sales

Retail Food

Service

B2B Q3 '17

Net Sales

*See our third quarter 2017 press release filed on form 8-K on October 31, 2017 for a reconciliation of constant

currency net sales to its U.S. GAAP measure.

Definition and reconciliation of non-GAAP measures

Q3 2017 Q3 2016

9 months

ended

9/30/17

9 months

ended

9/30/16 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008

Net income (loss) (U.S. GAAP) (78.8)$ 2.9$ (86.2)$ 12.3$ 10.1$ 66.3$ 5.0$ 28.5$ 7.0$ 23.6$ 70.1$ (28.8)$ (80.4)$

Add:

Interest expense 5.1$ 5.2$ 15.1$ 15.6$ 20.9$ 18.5$ 22.9$ 32.0$ 37.7$ 43.4$ 45.2$ 66.7$ 69.7$

Provision (benefit) for income taxes 2.7 5.5 1.7 12.0 17.7 (38.2) 8.5 13.2 5.7 1.7 11.6 2.7 6.3

Depreciation and amortization 11.2 11.2 33.6 36.7 48.5 42.7 40.4 44.0 41.5 42.2 41.1 43.2 44.4

Add: Special items before interest and taxes(1)

:

Restructuring and facility closure charges - - - - - - 1.0 6.5 - (0.1) 2.5 3.8 29.1

Severance - - - - - - - - 5.1 1.1 - - -

Pension curtailment and settlement charges - - - 0.2 0.2 21.7 0.8 2.3 4.3 - - 3.2 -

Loss (gain) on redemption of debt - - - - - - 47.2 2.5 31.1 2.8 (58.3) - -

Abandoned property - - - - - - - 1.8 - 2.7 - - -

Gain on sale of assets - - - - - - - - - (6.8) - - -

Goodwill and intangible impairment charges 79.7 - 79.7 - - - - - - - - - 11.9

Product portfolio optimization - - - 6.8 5.7 - - - - - - - -

Other (2)

- (0.1) 2.5 4.5 8.5 5.3 (3.5) 5.1 - 2.5 2.8 - 4.5 Less: Accelerated depreciation expense

included in special items and also in

depreciation and amortization above - - - - - - - (1.5) - - - (0.7) (0.3)

Adjusted EBITDA (non-GAAP) 20.0$ 24.7$ 46.4$ 88.1$ 111.6$ 116.3$ 122.1$ 134.4$ 132.4$ 113.1$ 115.0$ 90.1$ 85.2$

Net sales 187.3$ 196.9$ 557.8$ 587.6$ 793.4$ 822.3$ 852.5$ 818.8$ 825.3$ 817.1$ 799.8$ 748.6$ 810.2$

Net income (loss) margin (U.S. GAAP) (42.1%) 1.5% (15.5%) 2.1% 1.3% 8.1% 0.6% 3.5% 0.8% 2.9% 8.8% (3.8%) (9.9%)

Adjusted EBITDA Margin (non-GAAP) 10.7% 12.6% 8.3% 15.0% 14.1% 14.1% 14.3% 16.4% 16.0% 13.8% 14.4% 12.0% 10.5%

Reconciliation of Net Income (Loss) to Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) and Adjusted EBITDA Margin(Dollars in millions)

(2) Other Q3 2016 includes $(0.1) million for executive termination. Other 9 months ended 9/30/17 includes $2.5 million for reorganization charges. The 9 months ended 9/30/16 includes $4.5 million for executive

termination. FY 2016 includes $4.1 million for work stoppage and $4.4 million for executive terminations. 2015 includes $4.2 million for reorganization charges, $0.9 million for executive termination, and $0.2 million for an

environmental obligation. 2014 includes $(4.7) million for furnace malfunction net proceeds, $0.9 million for executive retirement charges, and $0.3 million for an environmental obligation. 2013 includes $4.4 million of furnace

malfunction charges and $0.7 million for executive retirement charges. 2011 includes $2.7 million for CEO transition expenses, $(1.0) million for an equipment credit and an $0.8 million write-down of unutilized fixed assets.

2010 includes $2.7 million of fixed asset write-down charges, $1.0 million in expenses related to a secondary stock offering and a $(0.9) million insurance claim recovery. 2008 includes a $4.5 million fixed asset write-down

charge.

Adjusted EBITDA excludes special items that Libbey believes are not reflective of our core operating performance.

(1) Beginning in the first quarter of 2017, the gain (loss) on mark-to-market natural gas contracts was considered representative of our ongoing operations and not a special item when computing Adjusted EBITDA. The prior

years presented here have been recasted to conform with our current presentation in 2017.

Definition and computation of non-GAAP measures

Definitions – Other Non-GAAP Measures

Trade working capital is defined as net accounts receivable plus net inventory less accounts payable.

Return on invested capital (ROIC) is defined as after tax income from operations (using a 35% tax rate), adjusted for special items, over ending trade working capital plus net book value of property, plant and equipment

Constant currency references regarding net sales reflect a simple mathematical translation of local currency results using the comparable prior period’s currency conversion rate. Constant currency references regarding Segment EBIT, Adjusted EBITDA and Adjusted EBITDA Margin comprise a simple mathematical translation of local currency results using the comparable prior period’s currency conversion rate plus the transactional impact of changes in exchange rates from revenues, expenses and assets and liabilities that are denominated in a currency other than the functional currency. Our currency market risks include currency fluctuations relative to the U.S. dollar, Canadian dollar, Mexican peso, Euro and RMB.

Free cash flow is defined as net cash provided by operating activities plus net cash provided by (used in) investing activities.

Last 12

months

ended

9/30/17

Last 12

months

ended

9/30/16 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008

Adjusted EBITDA (1)

(non-GAAP) 69.9$ 119.2$ 111.6$ 116.3$ 122.1$ 134.4$ 132.4$ 113.1$ 115.0$ 90.1$ 85.2$

Debt reported on balance sheet(2)

(U.S. GAAP) 398.9$ 413.8$ 407.8$ 431.0$ 437.9$ 402.4$ 454.2$ 390.1$ 436.6$ 512.0$ 543.5$

Plus: Unamortized discount, finance fees and warrants (2)

3.6 4.8 4.5 5.8 7.0 9.5 12.3 11.6 16.9 5.0 11.4

Less: Carrying value in excess of principal on PIK notes - - - - - - - - - 70.2 -

Less: Carrying value adjustment on debt related to the Interest

Rate Agreement - - - - - (1.3) 0.4 4.1 3.3 - -

Gross Debt 402.5 418.6 412.3 436.9 444.9 413.2 466.1 397.6 450.2 446.8 554.9

Less: Cash and cash equivalents 21.6 42.7 61.0 49.0 60.0 42.2 67.2 58.3 76.3 55.1 13.3

Debt net of cash 380.9$ 376.0$ 351.3$ 387.9$ 384.9$ 371.0$ 398.9$ 339.3$ 373.9$ 391.7$ 541.6$

Debt net of cash to Adjusted EBITDA Ratio (non-GAAP) 5.5 3.2 3.1 3.3 3.2 2.8 3.0 3.0 3.3 4.3 6.4

Interest expense 20.4$ 20.4$ 20.9$ 18.5$ 22.9$ 32.0$ 37.7$ 43.4$ 45.2$ 66.7$ 69.7$

Adjusted EBITDA to Interest Expense Ratio (non-GAAP) 3.4 5.9 5.3 6.3 5.3 4.2 3.5 2.6 2.5 1.4 1.2

Computation of Adjusted EBITDA to Debt net of cash to Adjusted EBITDA Ratio and Adjusted EBITDA to Interest Expense Ratio(Dollars in millions)

(1) - See prior page for calculation and reconciliation to net income.

(2) - All years reflect retrospective adoption of ASU 2015-03 and 2015-15, which presents debt issuance costs of senior debt as a reduction to the liability.

Definition and reconciliation of non-GAAP measures

Net income margin (U.S. GAAP) (11.0%) - (10.0%)

Add:

Interest Expense 2.5%

Provision for income taxes 1.0%

Depreciation and amortization 6.0%

Special items before interest and taxes 10.5%

Adjusted EBITDA Margin (non-GAAP) 9.0% - 10.0%

Reconciliation of Net Income margin to Adjusted EBITDA Margin

Outlook for the year

ended

December 31, 2017

We have expanded globally and have a strong portfolio of brands

Jun 2006: Obtains remaining 51% stake in Crisa,

expanding presence to Monterrey,

Mexico

Jan 2005: Acquires Crisal, a glassware manufacturer based

in Portugal

1800s 1990

Jul 2013: Celebrates 125th Anniversary in

Toledo

2002 2006 20112008 20122000

Dec 2002: Acquires Royal Leerdam, expanding

glassware operations to Europe

May 2012: Refinancing

amended $100MM ABL facility

and issuance of $450MM 6.875% Senior Secured

Notes

Apr 2007: Opens Langfang, China

facility

Aug 1997:Acquires World Tableware and

49% of Crisa

2014

Apr 2014: Refinancing,

including amended $100MM ABL

Facility and new $440MM Term Loan B senior secured credit

facility

1818: Libbey founded as New England Glass Company in East Cambridge, MA

sJun 1993:

Libbey becomes a public company

1892:The company

changes its name to The Libbey

Glass Company

Oct 1995: Acquires

Syracuse China

Aug 2011: Bill Foley becomes Chairman of the

Board

2015

Jan 2015:Announce Own the

Moment strategy. Re-initiate dividend

and share repurchases

Jan 2016: Bill Foley

becomes CEO and Chairman of

the Board

2016