Constantia Flexibles · Strip pack & suppository foil Sachet foil & laminate Stick pack foil HPC Bag-on-Valve laminate Wipe film Sachet foil ... specification Sustainability support

Constantia FlexiblesCompany Presentation

Global production network: 53 plants in 23 countries

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Leading manufacturer of flexible packaging

Serves multinational corporations and

local market leaders

53 production plants in 23 countries

Headquartered in Vienna, Austria

Shareholders: Wendel Group (~61%),

H. Turnauer Stiftung (~27%)

Maxburg Capital Partners (~11%)

3 divisions

#2 in Europe, #4 globally

€1.9 bn in sales

140 sales countries

>10,000 employees*

~48% aluminum-based products

~44% film-based products

~8% paper-based products

>4,000 customers

3*incl. Afripack and Pemara

Sales by region and division 2015

Food; 57,2%

Labels; 28,3%

Pharma; 14,5%

Sales by region Sales by division

Labels

65,1%

26,4%

5,0%

3,5%

Europe

America

(USA/Mexiko)

Asia

Middle East/Africa

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Management Board

Dr. Gerold Riegler(Chief Operating Officer)

Alexander Baumgartner(Chief Executive Officer)

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Executive Committee – Executive Vice Presidents

Stefan Bogoll(Food North America)

Stefan Grote(Food Europe)

Friedrich Humer(Food Emerging Markets)

Pierre-Henri Bruchon(Pharma)

Mike Henry(Labels)

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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

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Kunden Wachstum

MitarbeiterGesellschaft

& Umwelt

We focus on innovation and

quality to make our customers

more successful

We have an international team

based on a corporate culture

of trust, excellence and

performance

We expand globally with our

customers and create value for

all stakeholders

We balance economic success

with environmental and social

responsibility

Customers Growth

EmployeesSociety &

environment

Our core values

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Our customer benefits

Experienced people with passion

for packaging

Continuous innovation

Integrated production

Complete range of solutions

Unrivaled customer service

Global production network

Long-term partnerships with

customers

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Food solutions

Lidding die cut

Lidding reel-fed

Confectionery foil

Confectionery

Snacks

Dried food laminates

Coffee laminates

Alu-container systems

Bags, Pouches, MAP,…

Dairy

Processed meat

Processed food

Confectionery film

Salted snack laminates

Sweet snack laminates

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Pharma and Home & Personal Care (HPC) solutions

Home &

Personal

Care (HPC)Doypack foil

Coldform foil

Blister lidding foil

Strip pack & suppository foil

Sachet foil & laminate

Stick pack foil

HPC

Bag-on-Valve laminate

Wipe film

Sachet foilColdform foil

Blister lidding foil

Strip pack & suppository foil

Sachet foil & laminate

Stick pack foil

Pharma

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Labels solutions

Beer, Wine &

SpiritsSoft drinks &

Water

In-Mould-

labels

In-Mould decoration

In-Mould with functionality

Shrink sleeves

Aluminum lid labels for beverage

cans

Wrap around labels

Paper labels

Paper labels

Pressure sensitive labels

Aluminum foil bottle neck

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For our customers we manage the following services

Improving

sustainability

performance

Logistics

Food & beverage

contact legislation

Packaging

trends

Packaging

engineering

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Long-term partnerships with customers

More than ten years relationship with the top 10 customers in all three divisions

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Integrated production

We manage the entire value chain – ensuring high quality, quick responses, reliability & flexibility

Raw material sourcing

and rolling

Lacquering /

Lamination /

Extrusion

Printing /

Cutting

Finishing /

Aftermarket

Service

Strategic base material supply within the group

Distinctive know-how

Selected specialty film extrusion

State-of-the-art aluminum foil rolling facility

Highly efficient lacquering, coating and lamination

In-house lacquer development

UV flexo printing including in-line coating

Roto gravure printing incl. in-line lamination

Wide web conventional flexo printing

Offset printing for paper and film

Highly optimized die-cutting and deep-drawing facilities

Bag & pouch making

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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

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Continuous innovation through formal process

Customers

Technology-driven (push) innovation

80 R&D personnel Application engineers Product managers

Innovation throughout the product life cycle

Social macro trends (Sustainability, convenience, differentiation, high functionality, barrier protection)

Customer-driven (pull) innovation

Idea Feasibility study Product

development

Marketing &

performance analysis

“CF Customer Academy” for training clients’ staff in flexible packaging

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Modern Competence Centers for film, aluminum & polymer films

Weiden (Germany) Opening 2015 Mühlhofen (Austria) Opening 2012

15 experts working on close to 100 projects every

year 30 experts working on close to 100 projects every

year

First technical contact to our suppliers to stimulate in-house developments

In- and external consultant in the right raw material selection

Analytical capabilities

Lab equipment to produce small samples and mock-ups

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Innovative product samples

New generation cup-lock system with

self-developed co-extrusion

Increased production safety

Cost reduction vs today’s standard

specification

Sustainability support (e.g. 50%

aluminum reduction)

Reliable protection against moisture

cross-diffusion

Shelf life extensions

Reliable system compatibility

PVC-free structure

High absorption capacity

Recyclable pressure-sensitive label

alternative for PET bottles

Cost-effective recycling solution

DieCut DryFoil SpearRC

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Innovative product examples – highlights 2015

Die-Cut Lidding

Seasonals-Foil

Alufoil-Container

CONSTANTIA DryFoil

CONSTANTIA Safemax

CONSTANTIA Blister Eco

Spear RC

Smart Bow

Thermowash

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Innovation awards

EAFA Alufoil Trophies (2012-2015) International awards in the last 5 years

More than

2014x

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Strong market position in attractive segments

~ 56% of sales in attractive markets, where Constantia commands a #1 or 2 position

Global #1

Confectionery foil

Die-cut lidding

Alu-container systems

Global #2

Reel-fed lidding

Global #2

Blister lidding foils

Coldform foils

Global #1

Beer labels

In-mould labels

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*Compound Annual Growth Rate

Success story of continuous growth

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

Wendel GroupSince March

2015 One of Europe’s leading

listed investment firms

Sales€1.0bn

2005 2010 2015 E 2020

Growth through

M&A and

organic growth

€0.7bn

€1.9bn

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Growth development over the last 10 years

2005 2012 201320102007 2008 201120092006 2015*2014

745 766

1.029 1.026 977

1.047

1.213 1.314

1.634 1.712 1.870

105 108 143 139 136 158 170 188

234 256 263

2005 2012 201320102007 2008 201120092006 20152014

2005 2012 201320102007 2008 201120092006 20152014

13,9%14,1% 14.1% 13,9%13,5% 15,1% 14,9% 13,9%14,0% 14,3%14,3%

Sales (€ mn) and sales growth (%) Operative EBITDA (€ mn) and EBITDA growth (%)

EBITDA Margin (%)

*sales revenue 2015 adjusted by waste sales of € 29 million 24

*Capital Expenditures

Total Investment 2011-2015: € 718 Mio.

Extrusion facility in Austria

Expansion of IML production in Belgium

Gravure press in Turkey

Duplex laminating line in Poland

Narrow web-printing presses in America

Major CAPEX projects

Asaş, Türkei (2011)

Parikh, Indien (2013)

Spear, USA (2013)

Globalpack, Mexico (2013)

Afripack, Africa (2015)

Pemara, Southeast Asia (2015)

Major acquisitions

60%

40%Acquisitions Capex*

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Global trends drive demand for 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

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Our strategy for long-term profitable growth

Strong relationships with international corporations

Targeted acquisitions in growth sectors and regions

Established technological know-how

Efficient production sites and processes

Strengthening customer relations with multinational companies

Consolidation and extension of European market leadership

Realizing selected growth opportunities in North America

Expansion in the fastest-growing emerging markets

Maximization of Group synergy and optimization of operational performance

Strong foundation gives us competitive advantage

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Sustainability

“Sustainability means balancing economic success with environmental

and social responsibility. This strategy ensures long-term success.”

Alexander Baumgartner, Chief Executive Officer

Integratingthe wholeSupply Chain

Product & Process Sustain-

ability

By 2015 Constantia Flexibles

already achieved 45% of its goal to

reduce CO2* emissions by 40%

from 2005 to 2023.

100%

82%

Reduction of

about 18%

2005 2015

Progress in reduction of CO2-

emissions per produced m²

Corporate carbon footprint goal

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Our sustainability policy focuses on our responsibility to the

environment and our neighbors

Systematic risk management

Compliance guidelines

Comprehensive quality

management

Environmentally friendly and

resource-sparing production

technology, materials and

ingredients

Ethical sourcing (member of

SEDEX)

Reduction of environmental

pollution, waste & greenhouse

gases

Extensive measures to protect

human rights

Zero tolerance of discrimination

against employees

Social outreach project for

disadvantaged groups

Group Social Award for

outstanding achievement

Economic responsibility Social responsibilityEnvironmental responsibility

Enables companies to

– Quickly determine their supply chain footprint

– Encourage and support suppliers to measure and

manage material business issues

– Communicate with them on their performance over

time

– Drive long shared value for the business

Transparency along the entire supply chain

Aims at improving and social practices by leveraging

the influence of global supply chains

Two objectives of EcoVadis:

‒ Improve performance combining innovative

information technologies with shared service

expertise on sustainable procurement

‒ Reduce costs associated with suppliers’ CSR

performance monitoring

Full disclosure of our CSR KPIs at selected platforms for our stakeholders

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Our ethical principles

Non-profit member platform dedicated to improving

ethical supply standards along the value chain

SEDEX focuses on 4 areas

– Labor standards

– Health & safety

– Environment

– Business integrity

Tools for exchanging information include standardized

questionnaires and audits (SMETA = Sedex Members

Ethical Trade Audit)

Non-profit initiative to foster greater sustainability and

transparency throughout our industry

ASI tries to mobilize a broad base of stakeholders to

establish and promote responsible leading practices

– Across the aluminum value chain

– In business ethics

– In environmental and social performance

Endorsing SEDEX’ ethical standards Part of Aluminum Stewardship Initiative (ASI)

Bauxite

mining

Refining Aluminum

smelting

Further

processing

Recycling

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The Group Social Award

We are committed to integrating social activities at all our site

We encourage our employees to support social projects, especially in Constantia’s immediate neighborhoods and

annually award the best projects.

Restoration of Elementary School

in Guanos, Mexico

Collaborative art book of mentally

disturbed people in the US

Free employee counseling in private

or professional problems in Austria

Cooking for the homeless at

VinziRast house in Vienna, Austria

Internships for young people with

disabilities in Poland

Help for schools and kindergartens

in Poland

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*Full Time Equivalent (FTE)

**excl. Afripack and Pemara

Number of employees by region*

2014 2015

Europa Amerika Nahost/Afrika Asien

2,821

8,564**

+ 6 %

Approx. 7,000 in

production

8,079

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Experienced people with passion for packaging

Work beyond country borders

Foster proximity and openness

Encourage international

transfers

Collaboration to culture and

respect

Hiring the best candidates

through structured processes

Develop employees’ skills and

performance based on three

core competencies: Driving

customer value, fostering

collaboration, passion for results

Strategic talent management

Design our reward and

compensation system in order

to:

– Foster motivation and

competitiveness

– Increase performance-

orientation

An attractive employer with a corporate culture focused on employee development

Culture & respect Learning & development Rewards & fringe benefits

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Our employees live operational excellence

Operational Excellence is a culture of

– Leadership

– Teamwork

– Problem solving

resulting in continuous improvement throughout the

organization

Focus areas:

– Optimizing all processes and systems to deliver

value efficiently to the customers (with Lean

SixSigma* methods)

– Empowering all employees to improve their

processes and systems themselves

– Learning with and from each other and sharing

knowledge

We create value for our customers

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PEOPLE.

PASSION.

PACKAGING.