Company Presentation - Constantia Flexiblesglobal flexible packaging group Focus mid-term expansion: Strengthen global film know-how, backward integration Expand in USA to become a

Company Presentation

Constantia Flexibles in a nutshell

#2in Europe

#4globally

32production sites

in 18 countries

Headquarters

in Austria, ViennaVienna

2 business segments

FOOD (~75%)

PHARMA (~25%)

& 16.6% stake in

60%aluminum-based

40%film-based

~ 7,400employees

Shareholders

Wendel Group (~61%)

AREPO Foundation (~27%)

Maxburg Capital Partners

(~11%)

Sales by region

68% Europe

19% America (USA/Mexico)

7% Middle East/Africa

6% Asia/Pacific

2

Global trends drive demand for flexible packagingSubstitution from rigid to flexible packaging

Emerging

middle class

Urbanization

Premium

products

Health

Sustainability

Global trends Factors driving demands

� Demand for packed food with longer shelf lives

� From large to small families

� Purchase based on social demands

� Demand for premium and functional packaging

� Significance of marketing / branding

� Ageing society demands pharma products

� Health standards in emerging markets rise

� Smaller carbon footprint

� Reduction of material thickness, etc.

Packaged food

Premium brand packaging

Premium and convenient packaging

Pharma packaging

More environmentally friendlypackaging

Flexible packaging solutions

3

Global production network: 32 plants in 18 countries

Production Site Sales Office

3

4

9 1

12 7

Did you know?

6

of the harvest in developing countries is lost due to a lack of packaging.

of packaging is recycled in Austria, Switzerland and Germany.

Fake drugs make up 10 - 30% of the global market for medicine.

billion cups of coffee are consumed

each day.

More chocolate Easter bunnies are sold in Germany than chocolate

Santa Clauses.

A package has to be seen, understood and wanted in

seconds.

12

of women eat yoghurt compared to

only 43% of men.

The 4 Ps of packaging – at the heart of our business

Promotion � Promotional text

� Customer convenience

(microwave ability)

� Functionality (carrying, opening)

Preservation � Ensures longer shelf life

� Barrier functions against

UV light, moisture,

oxygen, and seal integrity

� Hygiene standards

Protection� Puncture resistance

� Burst strength

� Tamper evidence

Presentation� Shape

� Portion size

� Essential information

13

Our core values

Employees We have an international team

based on a corporate culture

of trust, excellence and

performance

Customers We focus on innovation and

quality to make our customers

more successful

GrowthWe expand globally with our

customers and create value

for all stakeholders

Society &

environmentWe balance economic success

with environmental and social

responsibility

14

Strong market position in attractive segments

Constantia #1 or #2 in attractive markets.

Global #1

� Confectionery foil

� Die-cut lidding

� Alu-container systems

Global #2

� Blister lidding foils

� Coldform foils

15

Global #2

� Reel-fed lidding

Long-term partnerships with customers

PharmaFood

16

Integrated Production

Adhesive

lamination

Raw material

PET/PE/AL/Paper

Rolling

Extrusion process

Finishgood product

(reels or pieces)

Slitting process/

finishing

Ink kitchen

Pre-press and cylinder

engraving process

Blow film extrusion

Cast extrusion

Printing process and

varnishing process

of metallized paper

17

Quality and product safety

� All sites have implemented a Quality

Management System

� Specifically certified systems in dedicated

plants

� Full traceability of raw materials and

processes

� Raw materials only from approved suppliers

� Implemented risk management

� Fulfillment of legal requirements

� Well-equipped quality labs at our sites

� Full compliance with customer

specifications

18

Health, Safety, Security & Environment (HSSE)

� H-S-S-E: These 4 letters stand for “Health, Safety, Security

and Environment”. This means protecting all assets –

especially personnel, contractors, neighbors, machinery,

equipment, technological knowhow, data, reputation

� Constantia Flexibles focuses on proactive measures to

achieve ZERO LOSS – NO HARM.

� HSSE is an integrate part of the company’s business and

decision-making process and drives forward Operational

Excellence.

19

Every single work-related accident with injury to a person is one accident too many!

Sales€1,0bn

2005 20102016

€0,7bn

Success story to continue

From a leading European supplier'

� Network of medium-sized companies

� Business focus on Europe

� Mainly export sales

� Supplier of packaging materials with

focus on aluminum

' to a global player'

� A group with a mission and a clear strategy

� Realizing global growth opportunities

� Multi-domestic production

� Solution provider with comprehensive

material competence

Family owned / listed OEP One of Europe’s leading

listed investment firms

€2,0bn

WENDEL GROUP WENDEL GROUP

2017

' and now a pure play

flexible packaging group

� After sale of Labels division

� With a focus on selective end-

markets in attractive regions

with our customers

20

15% EBITDA

margin target

In 2021

Investments in growth

OEP Wendel Group

Globalpack

Spear

Parikh

Pemara

Afripack

Oai HungAlucap

IPO & Trade Sale Folding

Lamp

Bucharest

Acquisition Divesture/Closure

2013 2014 2015 2016 2017

21

Printer Labels

Labels sale

FOCUS21 strategy – based on three pillars

Defend and

extend

leading

positions

Greater

ambitionsAcquisitions

1 2 3

22

FOCUS21: Defend and Extend Leading Positions

Europe:

� Dairy yoghurt lidding foil & film


� Processed meat foil (alu-container systems)

� Blister lidding foil

� Pharma laminates

� Coldform foil

North America:


� Processed meat foil

� Snacks (Mexico)


� Coldform foil

Emerging markets:

� Dairy yoghurt lidding foil & film (Russia)

� Confectionery foil (Russia & Turkey)

1

23

Europe

FOCUS21: Greater ambitions

Develop promising positions through investments worldwide

� Confectionery film

� Processed food coffee foil

� Processed food dry/ wet (pouches)

� Processed meat film

� Snacks film

� Dairy yoghurt lidding foil

� Dairy yoghurt lidding film


� Processed food coffee foil

� Processed food dry

� Pharma laminates / specials

� Home & Personal Care (HPC)

sachets specialties


� Processed food film

� Snacks film


� Cold form foil2

Rest of the worldNorth America

2

24

FOCUS21: Acquisition strategy to strengthen profile as pure play

global flexible packaging group

Focus mid-term expansion:

� Strengthen global film know-

how, backward integration

� Expand in USA to become a

leading local supplier for food and

pharma core products

� Top 3 position in India through

the opportunity and ability to

attain a leadership position

� Further build pharma in Asia as

high-growth pharma market and

untapped opportunities

Food / Pharma

NAM

Food film value-add

laminates/ pouches EU/

NAM

Food film India

Other emerging markets

(e.g. South East Asia)

Pharma foil Asia

We want to develop promising follower positions and to close gaps in our portfolio

3

25

Pharma foil LATAM

Our shareholders fully back us

AREPO Foundation

26

Weiden (Germany)

Mühlhofen (Austria)

Modern Competence Centers for film, aluminum & polymer films

� First technical

contact to our

suppliers to

stimulate in-house

developments

� In- and external

consultant for the

right raw material

selection process

� Analytical

capabilities

� Lab equipment

to produce small

samples and

mock-ups

More than 25 experts

working on close to 100

projects every year

More than 30 experts

working on close to 100

projects every year

27

Weiden (Germany) Mühlhofen (Austria)

Backward integrated into foil and film value chain

Two blown-film (polyethylene) extrusion lines for

laboratory and pre-material for production

Aluminum foil is rolled down from 0.6 mm (600 µ)

to 0,005 mm (5 µ) in several rolling processes (=

pass) to the required gauge (5 µ - 160 µ). During

this process, the embedding of security features

is possible.

Company Presentation28

Sustainable Packaging Interactive Packaging Product Safety Pouches & Bags

Focus on innovation along 8 key innovation themes

1 2 3 4

Easy Open & Reseal High-End Graphics Digital Printing Performance Packaging5 6 7 8

85% renewablematerials

High-barrierproperties

Bio-certified

Invisiblewatermark printing

White-label smartphone app

Datamanagement

Holograms

Security foil

Security pigments& inks

Security graphics& design

Tamper evidence

2-chamberpouch to separateliquid & dry content

Breakable membraneinside

Fresh ready-to-drink

Re-sealPS label

No filling machinechanges

Easy-opening

Multiple re-seal

Tamperevidence

3D inks

Next generationdie-cut lidding

Separation

No embossingnecessary

Hybridin-line digital printing

with conventionalprinting process

Cost effectivepersonalization

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Transparenthigh barrier

Sealants

New raw materials

Sustainability

600ecological assessments and

life cycle assessments for

raw materials and products

per year

~40Social initiatives per

year

~ 50%of the world‘s electricity

purchased from

renewable resourses

59initiatives with environmental

focus reducing energy con-

sumption and CO2 emissions

> 50%of our plants own technologies for the

recovery of solvents and for the

avoidance of solvent emissions

116ISO-certificates

for our plants

worldwide

ISO

30

<CO240%the Group-wide goal of CO2

reduction by 2023 (per

square meter produced)

~ 4,000External requests for

sustainability per year

30+

Number of employees by region*

19%

55%

14%

12%

31

* Full Time Equivalent (FTE)

70% of employees

in production

95% full-time

employees

55% of employees

are 30-50 years old

75% male

25% female

Experienced people with passion for packaging

� Live our three core competencies:

Driving customer value, fostering

collaboration, passion for results

� Work beyond borders and

encourage international transfers

� Full committed to Global Ethical

sourcing

� Diversity and equal opportunities

� Strategic talent management

� Ongoing development of

expertise, knowledge and

leadership skills via Constantia

University

� Best candidates hired to fit

company culture

� Design our reward and

compensation system in order to:

– Foster motivation and

competitiveness

– Increase performance-

orientation

– Being an attractive employer

An attractive employer with a corporate culture focused on employee development

Culture & respect Learning & development Rewards & fringe benefits

32

Focus21 strategy driving future growth

Key take-away messages

Stable end markets/megatrends mean portfolio is less cyclical

Expansion of product portfolio through innovative solutions

Proactive M&A strategy

33

PEOPLE

PASSION

PACKAGING

Products

Processed Meat: Alufoil & Container Systems

CONSTANTIA

Pet CarePreformed Aluminum trays and lids

are ideal for the special packaging

requirements of wet petfood.

CONSTANTIA

HumanfoodFully retortable, preformed

Aluminum trays and lids can be

used for various food products.

CONSTANTIA

CapsulesSmall, Aluminum based portion

packs for liquids, gels, powders,

U offer best barrier and

processing properties.

CONSTANTIA

InnovationsSmall, Aluminum based portion

packs for liquids, gels, powders,

U offer best barrier and

processing properties.

36

Processed Meat: Pouches & Bags

CONSTANTIA

Wet PetfoodPouches are a common flexible

packaging format for wet petfood

and are the modern and flexible

packaging solution.

CONSTANTIA

Wet HumanfoodPreserved Food packed in

Pouches are the modern and

flexible alternative for traditional

rigid packaging solutions.

CONSTANTIA

Dry PetfoodDry Petfood in Bags and Pouches are

an efficient and convenient packaging

solution for multi-use formats.

37

Processed Meat: Films & Laminates

CONSTANTIA

Retort LiddingRetort lidding films and

laminates are convenient and

can be based on aluminum or

plastic-barrier films.

CONSTANTIA

Chilled MAP FilmsFlowpacks and Lidding Films

with special barrier properties

to be used also for modified

atmosphere packaging.

CONSTANTIA

Dry LaminatesPacking laminates for dry,

meat-based products.

38

Dairy: Die Cut Lids

CONSTANTIA

Die Cut 2020A coextrusion coated die cut lid with

a thin aluminum layer of 20 µm.

CONSTANTIA

Unembossed LidThe proven heat seal lacquered

unembossed aluminum die cut

market standard.

CONSTANTIA

PaperlidThe 3-layer aluminum

free die cut lid solution.

39

Dairy: Reel Fed Lidding

CONSTANTIA

Alu FFSAluminum reel fed lidding material

specification for FFS fillers.

CONSTANTIA

FlexpapAn aluminum free Paper/PET

laminate sealing against PS.

CONSTANTIA

BanderolePaper based banderole to enhance

the packaging of a product. High-

Gloss and Metallized available.

40

Dairy: Yellow Fat Wraps & Cheese

CONSTANTIA

Flow WrapFilm laminate solution for flow wrap

packaging. HD-flexo or gravure

printed plus pattern lacquer possible.

CONSTANTIA

ComiwrapPolyolefin Film with high amount

of mineral fillers.

CONSTANTIA

Melted Cheese

Packaging SystemConstantia Flexibles system supplier

for melted Cheese packaging: shell

foil, lid foil and tear strip.

41

Dairy: Specialities

CONSTANTIA

StickPackFor packing dairy products into

a duplex or triplex flow wrap,

adapted accordingly to the filling

good and the customer request.

CONSTANTIA

TopperA plastic cover filled with any

ingredients e.g. muesli, cornflakes,

closed by a die cut lid & applied on

top of the yoghurt pot.

CONSTANTIA

Promotion CodingWide array of solutions for promotional

coding: Inkjet: the individual code is

printed – possible on both sides Reverse

print: limited codes available.

42

Food: Confectionery Foil

CONSTANTIA

Wrap for Seasonals

& PralinesSpecial tailormade aluminum

alloy for deep draw application

with outstanding deadfold.

CONSTANTIA

Tablet FoilClassic aluminum wrapper

for chocolate bars.

CONSTANTIA

Chewing Gum Inner

& Outer WrapperAluminum paper laminate for chewing

gum inner and outer wrapper.

43

Food: Confectionery Film

CONSTANTIA

Twist WrapTwist solutions with multilayer for very

specific customer requirements.

CONSTANTIA

Confectionery PouchWide variety of film laminates

with excellent seal properties.

CONSTANTIA

Film Laminate for

Salted SnacksSpecialized production on dedicated

printing line with inline lamination.

44

Food: Processed Foods

CONSTANTIA

Liquid PouchReel-fed plastic material for pouches

containing liquid beverages.

CONSTANTIA

Foil Laminate for

Soup Cubes & YeastMono materials or aluminum

laminates with film or paper,

in form of folded or sealed cubes.

CONSTANTIA

Soup PouchSpecial developed multi layers

for all kind of packaging formats:

pouch, doypack, etc. Available

matt/glossy effect.

45

Food: Coffee & Tea

CONSTANTIA

Coffee & Tea PacksSpecial developed multi layers for

all kind of packaging formats:

pouch, doypack, sachets, etc.

CONSTANTIA

Lidding for Coffee

CapsulesLacquered, coex-coated or laminated

materials for closing of any PP-, PE-

and PBT-based capsules.

CONSTANTIA

Printing EffectsA selection of exclusive features which

can be applied on various packaging

solutions for brand differentiation &

premium appearance (e.g. matt/glossy,

metallized, paper touch).

46

Pharma: Coldform

CONSTANTIA

ColdformMost economical ultra high

barrier blister packaging

CONSTANTIA

Coldform LotusCustomized solution with

antistick effect

CONSTANTIA

Coldform DryFoilColdforming Foil with active

moisture protection

CONSTANTIA

Coldform PentaColdforming Foil

supporting outstanding

pocket dimensions

47

Pharma: Blister & ACF

CONSTANTIA

BlisterHigh Performance Lidding

Foils for blister packaging

CONSTANTIA

Blister EcoEconomic PVC blister lidding

for products with lower barrier

requirements

CONSTANTIA

Blister All in oneBlister Lidding Foil suitable for

all printing systems

CONSTANTIA

Anti-Counterfeiting

Security FoilSimple qualification run due to

no change in specification

48

Pharma: Specials & Laminates

CONSTANTIA

SafemaxAluminum Container for pharma

products

CONSTANTIA

Contact lensesLidding Foil for Contact Lens

Packaging

CONSTANTIA

Stick PackConvenient and economic for

moisture sensitive solid, liquid

and semi-liquid products

CONSTANTIA

SachetReliable product protection

with high seal integrity

49

Health & Home and Personal Care

CONSTANTIA

Promotional &

Retail SachetCustomized packaging solution

for your individual needs

CONSTANTIA

DoypackCustomized structures

that fits your needs

CONSTANTIA

Bag on valveHigh performance laminates

suitable for demanding applications

CONSTANTIA

Retail Sachet

with BreathabilityLaminate for products

which degas over time

50

Documents

Company Presentation - Constantia Flexiblesglobal flexible packaging group Focus mid-term expansion: Strengthen global film know-how, backward integration Expand in USA to become a