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Bemis Company, Inc.
Deutsche Bank Global Industrials & Basic Materials Conference
June 2012
About Us
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This presentation includes forward-looking statements within the meaning of the Safe Harbor provisions of the Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the amount and timing of added sales and other benefits of the acquisition of Alcan Packaging’s Food Americas operations and the combined company’s objectives, expectations and intentions for the future. These forward-looking statements are based on the current beliefs and expectations of Bemis Company’s management and are subject to risks and uncertainties. The forward-looking statements speak only as of the date of this presentation, and Bemis Company does not undertake to update such statements to reflect changes that occur after that date. There are a number of factors that could cause actual results to differ from those set forth in the forward-looking statements. These factors include, but are not limited to: general economic conditions, competitive conditions in our markets, regional governmental regulations, the cost and availability of raw materials, and our ability to pass these price changes on to our customers or otherwise manage commodity price fluctuation risks. These and other risks, uncertainties, and assumptions are identified from time to time in our filings with the Securities and Exchange Commission including our most recent Annual Report on form 10-K and our quarterly reports on Form 10-Q. Such reports are available on the website of the Securities and Exchange Commission (www.sec.gov).
SAFE HARBOR STATEMENT PROFILE GLOBAL PRESENCE
About Us
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Packaging industry leader since 1858
$5.3 billion 2011 net sales• Fortune 500• S&P 500
Vertical integration creates competitive advantage
78 facilities in 12 countries
~ 20,000 employees worldwide
SAFE HARBOR STATEMENT PROFILE GLOBAL PRESENCE
North America Latin America Europe Asia Pacific
2011 Net Sales by Region
67%
21%
11%
1%
About Us
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Packaging industry leader since 1858
$5.3 billion 2011 net sales• Fortune 500• S&P 500
Vertical integration creates competitive advantage
80 facilities in 12 countries
~ 20,000 employees worldwide
North America Latin America Europe Asia Pacific
2011 Net Sales by Region
67%
21%
11%
1%
SAFE HARBOR STATEMENT PROFILE GLOBAL PRESENCE
Dividend payments
Funding organic growth
Acquisitions
Share repurchases / Deleveraging
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Disciplined Capital Stewardship
$0
$100
$200
$300
$400
$500
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
$ in
mill
ions
Cash Flow from Operations
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
$ pe
r sha
re
Cash Dividends
PRIORITIES FOR CASH FLOW
0%
5%
10%
15%
20%
25%
% of
Net
Sale
s
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Food Packaging………………... 65%
Non-food Packaging……………. 18%Pressure Sensitive Materials…… 10%
Medical & Pharma Packaging…… 7%
FLEXIBLE PACKAGING PRESSURE SENSITIVE MATERIALSOur Products
Our Products
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Extends the shelf life of perishable products (meat, cheese, ready meals, liquids)
Protects products from harmful impact of moisture, oxygen, ultraviolet light, odors, contaminants, punctures
Material science delivers proprietary and patented film structures
FoodFLEXIBLE PACKAGING PRESSURE SENSITIVE MATERIALS
Sterility and quality are paramount
Package is part of FDA approved product
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Our ProductsMedical & PharmaceuticalFLEXIBLE PACKAGING PRESSURE SENSITIVE MATERIALS
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Shelf stable products (lawn & garden, diapers, tissue overwrap, razors, detergents)
Bemis differentiator: scale and printing capabilities
Our ProductsFLEXIBLE PACKAGING PRESSURE SENSITIVE MATERIALS
Non-food
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Label products
Graphics films
Technical adhesives
Our ProductsFLEXIBLE PACKAGING PRESSURE SENSITIVE MATERIALS
Competitive Landscape
Bemis is the most diversified, providing packaging for every aisle of the grocery store; competitors lack comparable breadth
Few public companies; most competitors are privately owned
Unique film structures used for complex packaging create a competitive advantage
Less complex packages are more susceptible to competition and new entrants
Competitors generally lack global footprint/focus
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Bemis is #1 or #2 in Key End Use ApplicationsBemis is #1 or #2 in Key End Use Applications
DIVERSIFIED COMPETITIVE ENVIRONMENT
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Unique technological and engineering resources
Reduced waste in production and distribution system
Flexible capacity to accommodate new product launches
Reliable supply; Investment grade supplier
Global supply capabilities
Our CustomersWORLD-CLASS CUSTOMERS
Why Customers Choose Bemis:
Strategic Priorities
Optimize and leverage our scale- Consolidate production into more efficient facilities- Continue to consolidate specifications- Leverage scale
Grow in target areas- Expand food packaging capacity in China- Add high barrier packaging capacity to Latin American operations- Leverage our leadership position in medical packaging
Accelerate innovation- Unique film structures differentiate Bemis products- Vertical integration provides cost advantage
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OPTIMIZE GROW IN TARGET AREAS ACCELERATE INNOVATION
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FACILITY CONSOLIDATION
Close 5 manufacturing locations and transfer production to other facilities
Reduce administrative workforce
Total Program: $83 million total expense ($52 million cash)Q411
• $38 million charge to operating profit• $3 million paid in cash
Q112• $8 million charge to operating profit• $8 million paid in cash
Optimize and Leverage our Scale
DEVELOPING REGIONS HIGH BARRIER MEDICAL & PHARMACEUTICALGrow in Target Areas
Demand from developing countries is strong and expected to increase as consumers demand freshness and convenience
Increased high barrier packaging capacity for meat and cheese applications will improve sales mix in Latin America
Demographics continue to drive growth in medical and pharmaceutical packaging industries
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Unique polymer technologies for barrier films (nylon – polyester – polypropylene – polyethylene – barrier resins)
Solutions provide extended shelf life and consumer convenience features
Flexible packaging offers many environmental sustainable benefits
Accelerate InnovationPATENTED MATERIALS PROPRIETARY PROCESSES PLATFORMS
2012 Guidance
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Adjusted EPS guidance of $2.05 to $2.20
Cash flow from operations > $350 million
Reflects $65 million pension contribution
Includes $35 million of cash payments for facility consolidation activities in 2012
Focused on deleveraging in 2012
Capital expenditures of ~ $175 million
ADJUSTED EPS CASH FLOW CAPITAL EXPENDITURES
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Strong balance sheet & cash flow
Disciplined capital allocation
Strong market position
Patented and proprietary products
Expanding global market reach
World-class customer base
Creating Positive Momentum Creating Positive Momentum
An Attractive InvestmentNYSE: BMS
