Avery Dennison Corporation · NYSE:AVY

Avery Dennison — Jefferies 2025 Industrials Conference

14 slides from Avery Dennison's conference presentation, Sep 3, 2025

  1. Slide 1: Jefferies 2025 Industrials Conference

    Jefferies 2025 Industrials Conference Deon Stander, President and CEO September 3, 2025 Jefferies 2025 Industrials Conference 1

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements Certain statements contained in this document are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements, and financial or other business targe

  3. Slide 3: Avery Dennison at a glance

    Avery Dennison at a glance 2024 Net Sales ● Recognized industry leader $8.8 Billion ● Global materials science and digital identification solutions company ● Provider of a wide range of branding and information solutions that optimize labor 31% and supply chain efficiency, reduce Intelligent Sales by

  4. Slide 4: Broad exposure to diverse markets, with increasing portfolio strength

    Broad exposure to diverse markets, with increasing portfolio strength Sales by End Market(1) Sales by Geography(1) Sales by Category(1) Other Ind u Asia Foo Du stria rab l/ Pacific d le China U.S. HPC ~40% High- ~44% ~60% EEMEA value High-value Staples Appare l up 10 pts. Base e vs. 2019 verag Be W.

  5. Slide 5: Together, our businesses create a unique opportunity for significant value creation

    Together, our businesses create a unique opportunity for significant value creation Materials Solutions Group Group ● Industry leader ● Industry leader ● Stable and diverse end Intelligent Labels ● Relevant data management and digital markets with GDP+ growth ● Industry leader capabilities, with end-

  6. Slide 6: Industry-leading materials science, process technology and operational excellence

    Industry-leading materials science, process technology and operational excellence Operational Excellence Materials Science Process Technology ● Global scale advantage ● Vertically integrated in ● Proprietary process technology ● Industry-leading quality adhesives and topcoats ● Process simulation ca

  7. Slide 7: Our strategies to continue to deliver GDP+ growth and top quartile returns

    Our strategies to continue to deliver GDP+ growth and top quartile returns 1 Drive outsized growth in high-value categories 2 Grow profitably in our base businesses 3 Lead at the intersection of the physical and digital 4 Effectively allocate capital and relentlessly focus on productivity 5 Lead in a

  8. Slide 8: Unlocking Value: Expanding High-Value Category exposure

    Unlocking Value: Expanding High-Value Category exposure is a key contributor to driving sales outgrowth and margin expansion over the long term Sales by Category(1) 2014 2019 2024 High-value Base ~25% ~33% ~44% 2014 to 2019 2019 to 2024 Starting Point Est. HVC Organic (2014) Growth(2)(3) HSD CAGR MS

  9. Slide 9: Targeting strong top-line growth over the long term

    Targeting strong top-line growth over the long term Acquisitions (accelerate our 5%+ strategies) Sales Growth 1.5+ pts. ~15%+ growth in Ex. Currency Intelligent Labels ~2 pts. outsized growth in high-value categories M&A ~1 pt. grow profitably Intelligent in the base Labels High-value Categories Base

  10. Slide 10: Disciplined approach to capital allocation

    Disciplined approach to capital allocation Strong balance sheet with target leverage ratio that provides ample capacity for investment and lowest WACC over cycles Long-term Capital Uses ~$8B of capital available for deployment 2024-2028 (% of total cap. avail.) ● Investing organically and through M&

  11. Slide 11: Appendix

    Appendix Reconciliation of Non-GAAP Financial Measures from GAAP August 2025 Investor Presentation 11

  12. Slide 12: Use of Non-GAAP Financial Measures

    Use of Non-GAAP Financial Measures This presentation contains certain non-GAAP financial measures as defined by SEC rules. We report our financial results in conformity with accounting principles generally accepted in the United States of America, or GAAP, and also communicate with investors using cert

  13. Slide 13: Adjusted Operating Margin and EBITDA — Avery Dennison

    Adjusted Operating Margin and EBITDA — Avery Dennison (1) GAAP adjustments for 2014 reflect the previously disclosed impact of the third quarter of 2015 revision to certain benefit plan balances, which had an immaterial impact on the non-GAAP amounts. Jefferies 2025 Industrials Conference 13

  14. Slide 14: Thank you.

    Thank you. averydennison.com #MakingPossible © 2025 Avery Dennison Corporation. All rights reserved. The “Making Possible” tagline, Avery Dennison and all other Avery Dennison brands, product names and codes are trademarks of Avery Dennison Corporation. All other brands or product names are trademar

Avery Dennison — Jefferies 2025 Industrials Conference on 6ix