March 2016

2

Management

Sherry BuckVice President, Chief Financial Officer

Bill FoleyChairman and Chief Executive Officer

Kim HunterTreasurer and Vice President, Investor Relations

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Material presented at this meeting 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 significant cost increases.

Please refer to the Company’s Form 10-K for fiscal year-end December 31, 2015, filed on February 29, 2016, for further information.

Cautionary statement

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Agenda

• Company Overview

• Own the Moment Strategy

• Investment Highlights

• Recent Financial Performance

4 - 9

10 - 11

12 - 25

26 - 29

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1. Global tableware leader: #2 in the world, #1 in the Western Hemisphere

2. #1 U.S. Foodservice business drives significant recurring revenue and profitability

#1 North American retail position drives consumer recognition and capacity utilization

3. Established global presence with significant growth potential

4. Cost structure optimization combined with manufacturing innovation provide additional barriers to entry

5. Strong cash flow, liquidity and credit profile

6. Balanced approach to capital allocation

Investment highlights

Libbey at a glance

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

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Customers are the world’s largest foodservice distributors and most recognized retail names

$822.3 million of net sales in 2015 sold to Foodservice, Retail and B2B channels globally

Libbey sells more than 1,000,000,000 glasses annually

Products central to life and to celebrate important moments at home, in restaurants, gift giving and on vacation

NYSE MKT: LBY

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Libbey competes in four product categories

Category Products Manufacturing

Glass Tableware

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

In-house

Other Glass Products

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

In-house

Ceramic Dinnerware

• Plates, bowls, platters, cups, saucers, and other tableware accessories Sourced

Metalware • Knives, forks, spoons, serving utensils,

serving trays, pitchers, other metal tableware accessories

Sourced

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Libbey goes to market in three key channels• Leading network of 500+ of the world’s finest distributors who sell

to restaurants, bars, hotels and travel and tourism venues• #1 glass tableware supplier and #2 dinnerware and flatware

supplier in the U.S. and Canada• 90% of sales are replacements driving predictable revenue

stream; beverages most profitable item for a restaurant

• Customers include marketers branding Libbey glassware with company logos and reselling to breweries, distilleries, soft drink companies, craft industries and food packing companies

• Companies using glass products for candle and floral applications, blender jars, mixing bowls and washing machine glass

Foodservice

Retail

Business-to-Business (B2B)

• Customers include leading mass merchants, department stores, up-scale retailers, grocers and internet retailers

• North America’s #1 retail supplier of casual glass beverageware • Strong brand recognition and an important driver of factory

utilization

No single customer accounts for 10% or more of sales

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Established industry-leading global footprint

West Chicago, IL

Toledo, OH

Shreveport, LAMonterrey

, Mexico

Laredo, TX

Libbey Manufacturing and Warehousing / Distribution

Marinha Grande, Portugal

Leerdam, Netherlands Langfang

, China

Libbey Warehousing / Distribution

MillionTotal Sq. Ft.Libbey Warehousing / Distribution Centers

78Libbey

Manufacturing Facilities

6

Libbey Headquarters

Libbey is well positioned for a next phase of success

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Recovery and reinforcement

• Cost reduction and de-leveraging Substantial cost

containment measures Leverage reduced to

~3x 2014 adjusted EBITDA

• Continued investment to strengthen and build the business Added best-in-class

Mexican production for North America markets

Entered China for long-term opportunity

Acquisition leverage + Great Recession =

Stress• Acquisition-focused

growth Averaging +10%

annually from 2001 to 2008

• Great Recession financial stress Reached

unsustainably high 7x adjusted EBITDA

Winning from position of strength

• Libbey clearly positioned as market leader with strong profitability and cash flows

• Focus on creating sustainable value for our shareholders

• Three strategic levers: Grow and bolster U.S.

and Canada and Latin America segments

Expand margins through product innovation, price / mix, operating efficiencies, distribution expansion and business simplification

Maintain disciplined capital management and return free cash flow to shareholders

2001 - 2006

2006 - 20142015 - 2020

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Grow & Bolster U.S. and Canada, Latin America

• Grow around core in Foodservice

• Win in key accounts in Retail & B2B

• Strengthen/broaden new product offerings

• Expand to adjacencies• Redefine pricing/promotions

Maximize Returns in Asia Pacific & EMEA

• Targeted investments to drive value and differentiation

• Drive cost efficiency• Expand presence where

under-served• Build presence in growth

channelsEstablish Foundation of

Excellence• Supply Chain• Talent & culture• Commercial capabilities• Information Technology• Financial structure/capital

deployment

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• Drive organic growth• Develop differentiated product offerings leveraging

Develop enhanced market insight and innovation capabilities Responsive to emerging trends Utilize new technology and sourcing resources

• Improve margins• Expand into adjacent categories

• Improve customer focus and responsiveness Customer feedback and consistent engagement Adapting operating practices to meet customer

needs

• Remove non-value-added complexity Streamline supply chain network and product portfolio Improve product life-cycle management Support continuous improvement and cost reduction Match manufacturing platform to emerging trends and

market conditions

Own the Moment strategy: three key focus areas

New Product Development

Customer Focus

Business Simplificatio

n

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1. Global tableware leader: #2 in the world, #1 in the Western Hemisphere

2. #1 U.S. Foodservice business drives significant recurring revenue and profitability

#1 North American retail position drives consumer recognition and capacity utilization

3. Established global presence with significant growth potential

4. Cost structure optimization combined with manufacturing innovation provide additional barriers to entry

5. Strong cash flow, liquidity and credit profile

6. Balanced approach to capital allocation

Investment highlights

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10% global market share(1)

Market leadership in U.S. and Mexico• ~60% share of U.S. foodservice glass beverageware market (1)

• ~53% share of Mexican glass tableware market (1)

• #1 casual glass beverageware position in the U.S. retail channel (2)

• Significant supplier in B2B segment

Strong shelf position with major retailers:

Recognized for excellence by leading foodservice distributors:

#1 producer of casual glass beverageware in the Western Hemisphere

(1)

(2)Management estimateNPD Group Retail Tracking Service

1

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Strong brand portfolio1→ Extensive product line ranging from tumblers to fine stemware

→ Leading producer of glass tableware in Mexico and Latin America

→ Provides an expanded presence in Europe from tumblers to stemware

→ Among the world leaders in producing and selling glass stemware

→ “Class of glass”; high performance for every occasion

→ Fine Bavarian crystal; crystal glassware specialist

→ Broad selection of unique dinnerware, flatware, hollowware

→ Broad range of dinnerware with distinctive designs and durable qualities

→ One of the world’s leading providers of high-end porcelain for foodservice

→ One of world’s foremost marketers of fine tableware, including flatware, stemware and dinnerware

Manufactured

Sourced

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#1 U.S. & Canada Foodservice

• 90% of Foodservice glass sales are replacements and drive a predictable revenue stream

• Strong distribution network and in-house salesforce are a competitive advantage

• Depth and breadth of product line maximizes addressable market and highlights innovation capabilities

• High switching costs, as food service establishments rarely change after initial investment

• Steady pace of innovation and critical profitability of beverageware creates lower price sensitivity; 42 of 46 years with a price increase

• Sourced dinnerware and flatware provides additional growth opportunity at very attractive ROIC

• Additional growth opportunities outside full service restaurants and bars

#1 in Western Hemisphere and #1 in North America2

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#1 North America Retail Position

• #1 Retail brands in U.S., Canada and Mexico(1)

• Ability to provide products across multiple price points leverages foodservice and B2B costs and capabilities

• Important driver of factory utilization

• Enhances trend/product life and innovation platform

• Important for brand recognition and brand loyalty – can be leveraged further

• Exclusive distributor for Spiegelau glassware in retail channels in the U.S. and Canada

2 #1 in Western Hemisphere and #1 in North America

(1) - Casual glass beverageware category

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Established global presence with significant growth potential3

Grow and bolster U.S. and Canada, Latin America• Grow around core foodservice business• Expand in additional categories and market

segments in retail and B2B• Strengthen and broaden product offerings

Maximize returns in Asia Pacific and EMEA• Complements Americas’ leadership

position• EMEA: reconfigure the business through

targeted investments• Asia Pacific: selective growth with

managed investmentExpand footprint in underserved and emerging market segments

2015 Net Sales by Segment

2015 EBIT by Segment

U.S.& Canada

75%

Latin America

20%

EMEA1%

Other 4%

U.S. & Canada

61%

Other 4%

Latin America

20%

EMEA15%

3Libbey’s finest glassware: “elevates the everyday into art”

A laser cut rim ensures a fine and even edge

A pulled stem creates a strong and beautifully seamless transition between bowl and stem

Reinforced flat foot design provides extra stability and chip resistance

The exceptional brightness and clarity of the glass enhances the presentation of the wine

Unique LibbeyClearFire® formula creates brilliance & strength

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Retail Foodservice

Full line of stemware, tumblers and specialty drinkware for retail and foodservice channels3

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A reinvention of a classic shapeSubtle design

Harmony and balanceGentle contours and thick sham

Modern luxuryExtraordinary angles

Free-flowing movementDramatic height

Be Social artisan bakeware

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• Be Social Artisan Bakeware designed for retail channel

• New Libbey-designed stoneware using sourced manufacturing

Reactive-blue glaze literally makes every piece unique

Four essential shapes cover most baking needs

• Artisan stoneware that’s dishwasher, oven and microwave safe

Libbey makes oven to table beautiful

3

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Executed multiple cost reduction initiatives as part of Libbey 2015

• Workforce optimization• Productivity improvements• Realignment of capacity

Own the Moment continues focus on operating efficiencies• Reduce manufacturing complexity• End-to-end supply chain management• Optimize manufacturing output through improved sales and

operations planningInnovation and world class manufacturing technologies create competitive advantage

• R&D innovation/disruptive technology – Libbey Signature and Masters Reserve fine glassware

• Leading proprietary furnace, manufacturing and mold technologies• Leveraging external relationships and partnerships to gain further

advantage

Cost optimization combined with manufacturing innovation provides additional barriers to entry

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Position of strength and business model drive predictable revenue stream and cash flow

Note: (A) Operating cash flow adjusted for the supplemental pension contribution in 2012, call premiums on senior notes, and debt issuance costs.

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Historical Cumulative Adj Operating Cash flow

2008 – 2015(A)

(MM)

2008 2009 2010 2011 2012 2013 2014 2015

$(1)

$105 $176

$233

$358 $432

$558 $624

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2008 2009 2010 2011 2012 2013 2014 2015

$810 $749

$800 $817 $825 $819 $852 $822

$85 $90 $116 $113 $132 $135 $123 $116

Net Sales Adjusted EBITDA

10.5%12.0%

14.5% 13.8%

16.0% 16.5%

14.5% 14.1%

Adjusted EBITDA Margin

Net Sales, Adjusted EBITDA and Margin(MM)

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2008 2009 2010 2011 2012 2013 2014 2015

6.4

4.33.3 3 3 2.7 3.1 3.3

2008 2009 2010 2011 2012 2013 2014 2015

1.2 1.42.5 2.6

3.50950634781

459

4.22786352558

895

5.39617773112

919

6.28278511144

774

Flexible capital structure includes term loan and ABL facilities• $440MM senior secured term loan matures 2021

LIBOR plus 300 bps (currently 3.75%) No financial covenants $150MM accordion option

• $100MM ABL facility matures 2019 LIBOR plus 150-200 bps; maturity 2019

Significant deleveraging despite investments to strengthen the business • Fully funded supplemental U.S. pension in 2012

lowering annual cash contributions • $2.5MM estimated global cash contribution in 2016

approximately all to non-U.S. plans

Improved interest coverage• Significant reduction in interest rates since 2011 due

to floating rate trend and debt agreement updates; annual interest expense reduced ~50% ($20MM)

• $220MM of the Term Loan swapped to fixed reducing floating rate exposure to ~50:50 mix, effective January 2016

Capital structure and leverage policy provide financial flexibility

Adj. EBITDA / Interest Expense

Net Debt / Adj. EBITDA

5

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• Strong cash generation and liquidity

$18.0MM free cash flow(1) in 2015 $49.0MM cash on hand at 12/31/15 $91.0MM ABL availability at 12/31/15

• Seasonal working capital needs Average $30-$35MM swing in quarter-

end working capital each year• Capital expenditures on average

about equal to depreciation ~$30 million growth investment for new

glass manufacturing technology over 2014-2015

Flexibility to selectively review M&A opportunities

• No significant long-term debt maturities until Term Loan B in 2021

Significant liquidity resources and moderate near-term funding obligations

2011 2012 2013 2014 2015

$122 $136

$113

$142 $140

Total of Cash and ABL Availability(MM)

Cash ABL Availability

2011 2012 2013 2014 2015 0

10

20

30

40

50

60

Capital Expenditures, Depreciation & Amortization

Capital Expenditures Depreciation & Amortization

$ M

illio

ns

5

(1)- Free cash flow defined as net cash provided by operating activities, minus capital expenditures, plus proceeds from asset sales and other.

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Balanced approach to capital allocation6Invest in

the business

Maintain financial strength

and flexibility

Return capital to investors

• Support/accelerate the organic growth of our business

• Selectively consider acquisitions• New technologies and manufacturing capabilities• Other strategic initiatives

• Target to return ~50% of free cash flow to shareholders for period 2015 – 2017

Over 50% distributed in 2015: $25MM• Re-initiated common dividend at annual $0.44/share in 2015

5% dividend increase for 2016 to $0.46/share• Share repurchase authorization increased to 1.5 million

shares in 2015 Over 447k shares repurchased since December 2014

totaling ~$16MM

• Long-term target leverage ratio range of 2.5x – 3.0x net debt to Adjusted EBITDA

• Ability to flex up or down• Plan to reduce debt in 2016 to target range; made a

$5MM optional payment in Q1 2016

Delivered solid Q4 2015 in a challenging macroeconomic environment

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2014 2015 $-

$50

$100

$150

$200

$250 $231

$219

$31

$31

Q4 Net SalesQ4 Adjusted EBITDA

0%

5%

10%

15%

20%

25%

13.3% 14.1%

Adjusted EBITDA Margin

Q4 Net Sales, Adjusted EBITDA and Margin

Mill

ions

Q4 Highlights• Strong foodservice growth of 5.8% (8.0%

constant currency) offset by weakness in the retail and B2B channels

• 11 consecutive quarters of volume growth in foodservice channel in environment with traffic down 1-2% for the year

• Adjusted EBITDA margin of 14.1% driven by favorable price/mix, lower input costs and SG&A.

• Currency impact of ~$10MM in revenue and ~$2.5MM in Adjusted EBITDA

• Excluding impact of currency, Adjusted EBITDA margin would be 15.3%

$229

$34

Currency Impact vs. PY

We expect a continued challenging macroeconomic and competitive environment in 2016

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2016 Outlook• Net sales growth of ~1% on a reported basis• Announced a 5% price increase on U.S. foodservice glass effective February 15, 2016• SG&A in low 15% range• EBITDA margins of ~14%

Headwinds+ Sales growth+ Production efficiencies+ Natural gas

Tailwinds- Rebuild variable compensation- Other benefit costs- Currency impacts

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Long-term financial goals

Financial Metric

Long-term Goal

Revenue growth $1B +

Adjusted EBITDA margins 17%

Net debt to adjusted EBITDA 2.5 to 3.0x

ROIC 12% to 14%

TSR Top quartile

We are committed to focused Own The Moment Strategy execution in the face of macroeconomic and competitive headwinds

Market Firm Net Sales 2015A Rev. Split '16E Margin FV / EBITDA P / E Net Debt /Company Cap Value 2016E 2017E N.A. Europe ROW EBITDA EBIT 2016E 2017E 2016E 2017E LTM EBITDA

Jarden Corporation $11,943 $17,392 $9,994 $10,449 64% -- 36% 15.3% 13.1% 11.4x 10.6x 17.2x 15.4x 4.4x

New ell Rubbermaid Inc. 10,557 13,532 5,991 6,196 77 10 13 17.8 14.7 12.7 11.8 17.5 16.0 3.3

Tupperw are Brands Corporation2,556 3,245 2,173 2,243 26 26 48 17.8 14.8 8.4 8.0 12.3 11.4 1.9

Helen of Troy Limited 2,713 3,239 1,575 1,625 84 13 4 14.7 11.8 14.0 13.4 15.5 14.7 2.2

Lifetime Brands, Inc. 168 239 609 627 79 14 8 -- -- -- -- 10.6 9.1 2.4

Mean $5,587 $7,529 $4,068 $4,228 66% 16% 22% 16.4% 13.6% 11.6x 11.0x 14.6x 13.3x 2.8x

Median 2,713 3,245 2,173 2,243 77 13 13 16.5 13.9 12.0 11.2 15.5 14.7 2.4

Libbey Inc. $363 $762 $829 $844 61% 15% 25% 14.1% 8.5% 6.5x 6.0x 11.1x 8.8x 3.3x

Trading at a significant discount to peers

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Note: Forward metrics based on consensus Wall Street estimates (FactSet). Market data as of March 1, 2016. Balance sheet data as of Q4 2015.(1) LTM EBITDA pro forma for ~$200mm of Jostens EBITDA.(2) Newell Rubbermaid not pro forma for Jarden acquisition announced December 14, 2015.(3) 2015A revenue split based on fiscal year ended February 28, 2015.

(1)

($ in millions)

(2)

(3)

Appendix

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We have expanded globally and have a strong portfolio of brands

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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

2011

2008

2012

2000

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

NYSE MKT: LBYKimberly Hunter

Treasurer and VP, Investor Relations419-325-2612

email: khunte@libbey.com

Alpha IR GroupChris Hodges & Sam Gibbons

312-445-2870email:

LBY@alpha-ir.com

Additional Information

visit our website: www.libbey.com

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