Constantia Flexibles People Passion Packaging

Company Presentation

Constantia Flexibles at a glance

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Serves multinational corporations and local market leaders

Constantia Flexibles is one of the world's leading manufacturers of flexible packaging

42 production plants in 18 countries

Founded in 1994

Headquartered in Vienna, Austria

Shareholders: Wendel Group (73%), H. Turnauer Stiftung (27%)

3 divisions

#2 in Europe, #4 globally

€1.7 bn in sales*

115 sales countries

* Pro forma sales 2013 are adjusted for full year revenues of acquisitions (sales impact: EUR 57 million)

>3,000 customers

>8,000 employees

42 plants in 18 countries

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Global production network

Plants in North America Plants in Emerging MarketsPlants in Europe

Production SitesSales Offices

3 6 11 6 10 3 3

60%25%

15%

Sales by region and division in 2013

68%23%

5%4%

Sales by region Sales by division

Food

Pharma

LabelsEurope

Americas

AsiaMiddle East & Africa

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Management Board

Thomas Unger(Chief Executive Officer)

Peter Frauenknecht(Chief Financial Officer)

Dr. Gerold Riegler(Chief Operating Officer)

Franz Reiterer(Chief Sales Officer Food)

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Executive Committee – Executive Vice Presidents

Stefan Bogoll(Food North America)

Stefan Grote(Food Europe)

Friedrich Humer(Food Emerging Markets)

Walter Ometto(Pharma)

Mike Henry(Labels)

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Flexible packaging – what we offer

Flexible Packaging is the manufacture and supply of thin and flexible

plastic films, aluminium foils and papers.

Used solely or in combination for direct and non-direct primary & secondary

packaging for food and non-food products, retail, industrial and healthcare

applications.

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

Preservation Ensures optimal condition

and longer shelf life

Barrier functions against UV light, moisture, oxygen, and seal integrity Customers Growth

Employees Society & environment

Protection Puncture resistance

Burst strength

Tamper evidence

Transportability

Hygiene standards

Presentation Format

Ergonomics

Portion size

Essential information

Promotion Promotional text

Design & shape

Customer convenience (microwaveable, heatable)

Functionality (easy to handle, carry, open, etc.)

Our core values

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Customers Growth

Employees Society & environment

Our core values

x

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We expand globally with our customers and create value for all stakeholders

We balance economic success with environmental and social responsibility

We focus on innovation and quality to make our customers more successful

We have an international team based on an corporate culture of trust, excellence and performance

Customers Growth

Employees Society & environment

Our customer benefits

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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

Food solutions

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Broad portfolio of leading products for primary food packaging

Lidding die cut

Lidding reel-fed

Confectionery foil

Confectionery film

Salted snack laminates

Sweet snack laminates

Dairy

Confectionery

Snacks

Processed meat

Dried food laminates

Coffee laminates

Alu-container systems

Pet food bags/pouches

Processed food

Pharma solutions

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Broad portfolio of tailor-made products for Pharma and HPC

Coldform foil

Blister lidding foil

Strip pack & suppository foil

Sachet foil & laminate

Stick pack foil

Pharma

Sachet foil

Wipe film

Doypack foil

Home &Personal Care

(HPC)

Bag-on-Valve laminate

Labels solutions

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Targeted product offering focusing on the global beverage labels market

Paper labels

Pressure sensitive labels

Aluminum foil bottle neck

In-Mould decoration

In-Mould with functionality

Beer, Wine & Spirits

In-Mould labels

Aluminum lid labels for beverage cans

Paper labels

Wrap around labels

Shrink sleeves

Soft drinks & Water

Packagingengineering

Unrivaled customer service

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Food & beverage contact legislation

Improvingsustainabilityperformance

Logistics

Packagingtrends

We manage for our clients:

Long-term partnerships with customers

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

Integrated production

Raw material sourcing

and rolling

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

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

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Group quality standards – key elements

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

Fulfilment of legal requirements

Well-equipped quality labs at our sites

Full compliance with customer specifications

Continuous innovation through formal process

Idea Feasibility study

Product development

Marketing & performance

analysis

Customers

Customer-driven (pull) innovation

Technology-driven (push) innovation

70 R&D personnel Application engineers Product managers

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

Innovation throughout the product life cycle

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

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State-of-the-art competence centers for- Polymer films & film

laminates- Aluminum & foil laminates- Labels (planned)

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

Competence centers

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Microscopy lab

Lab laminator

Wet chemistry lab

Co-extrusion pilot line

DryFoil SpearRCDieCut

Innovative product examples

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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

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)

Innovation awards

International awards in the last 5 yearsEAFA Alufoil trophies (2012-2014)*

12xMore than

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*CFlex won the Alufoil Trophy that rewards the use of aluminum foil and aluminum closures in all its many forms and uses. Example: HiperWrap was awarded in 2013 in the category “Product Preservation”.

Our core values

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Customers Growth

Employees Society & environment

Strong market position in attractive segments

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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 (film and PSL, foil and paper)

In-mould labels

~60% of sales in attractive markets, where Constantiacommands a #1 or 2 position

Every second beeron the planet has a Constantia Label

“”

Success story of continuous growth

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* CAGR including 2013 acquisitions of Globalpack, Spear and Parikh Packaging** Pro forma sales 2013 are adjusted for full year revenues of acquisitions (sales impact: EUR 57 million)

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

Sales

€1.0bn

2005 2010 2013 E 2020

Growth through M&A and

organic growth

€0.7bn

€1.7bn**

CAGR*: 12.2%

Investing for our customers

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* Capital Expenditures

Lacquering and Laminations Plant: Constantia Patz (AT) Offset Printing Machines: Verstraete in mould labels (BE) UV Flexoprinting Machine: Constantia Blythewood (USA) Flexo Printing line: Constantia Aluprint San Luis Potosí (MEX) Converting Center (Double Lacquering and Lamination Plant,

Downstream Rotogravure Printing): Constantia Teich (AT) Rotogravure Printing Machines: Constantia Hueck Folien

(DE), Constantia Ebert (DE), Constantia Teich Poland(PL)

Major CAPEX projects Major acquisitions

Asaş, TR (2011)

Parikh, IN (2013)

Spear, USA (2013)

Globalpack, MX (2013)

Total investments 2011–2013: € 444 mn

CAPEX*51%

Acquisitions49%

Global trends drive demand for flexible packaging

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Emerging middle class

Urbanization

Premium products

Health

Sustainability

Global trend Factors driving demand Flexible packaging solutions

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

Environmentally friendlypackaging

Our strategy for long-term profitable growth

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Strong foundation gives us competitive advantage

Strengthening customer relations with multinational companies

Strong relationships with international corporations

Targeted acquisitions in growth sectors and regions

Established technological know-how

Efficient production sites and processes

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

Our core values

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Customers Growth

Employees Society & environment

Sustainability

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“Sustainability means balancing economic success with environmental and social responsibility. This strategy ensures long-term success.”

Thomas Unger, Chief Executive Officer

Integratingthe wholeSupply Chain

Product & Process Sustain-

ability

Corporate carbon footprint goal

By 2012 Constantia Flexibles already achieved three-quarters of its goal to reduce CO2* emissions

by 40% from 2005 to 2023.

* Related to m2 output, calculation based on Scope 1 and Scope 2 as defined by the Greenhouse Gas Protocol Initiative

100%

70%

Reduction of about 30%

2005 2012

Progress in reduction of CO2-emissions per produced m²

Committed to a responsible policy

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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 pollu-tion, 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

Our sustainability policy focuses on our responsibility to the environment and our neighbors

Economic responsibility Environmental responsibility Social responsibility

Transparency along the entire supply chain

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

Aims at improving environmental 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

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

Our ethical principles

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

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

Bauxite mining

Refining Aluminum smelting

Further processing

Recycling

The Group Social Award

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We are committed to integrating social activities at all our sites

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

Cooking for the homeless at VinziRasthouse in Vienna, Austria

Help for schools and kindergartensin Poland

Collaborative art book of mentallydisturbed people in the US

Free employee counseling in private or professional problems in Austria

Internships for young people withdisabilities in Poland

Our core values

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Customers Growth

Employees Society & environment

Our employees

2000 2013

Europe Americas MEA Asia

2,821

8,093

x 2.9

Number of employees by region (year-end)

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Thereof approx. 7,000 in production

Experienced people with passion for packaging

An attractive employer with a corporate culture focused on employee development

Culture & respect Learning & development Rewards & fringe benefits

Work beyond country borders Foster proximity and openness Encourage international

transfers

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 compen-sation system in order to:

– Foster motivation and competitiveness

– Increase performance-orientation

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Our employees live operational excellence

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Operational excellence is attained when every employee understands how to createvalue for our customers

Goal of attaining operational excellence at all facilities

Increased efficiency through:

- Efficiency programs such as the Continuous Improvement Process

- Annual CIP prizes for individual projects and the Group’s best site

- Lean manufacturing programs (incl. waste reduction, increased production speed, etc.)

Introduction of best practices through roll-out of successful projects from one facility to all others

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