Slide 1: Investor Presentation July 10, 2007
INVESTOR PRESENTATION July 10, 2007
Slide 2: Forward Looking Statements
Certain statements of expectations, plans and projections with respect to each of Graphic Packaging Corporation and Altivity Packaging, LLC, as well as the newly-formed company, including, but not limited to, statements regarding revenues, synergies, the timing of the merger transaction, results of
Slide 3: Transaction Overview
Transaction Overview Transaction Structure: Graphic Packaging and Altivity Packaging become wholly owned subsidiaries of NewCo (Graphic Packaging Holding Company or NYSE: "GPK") Exchange Ratio: Each outstanding Graphic Packaging share converted into one share of GPK Affiliates of TPG contribute thei
Slide 4: Combined Company Snapshot
Leading position in paperboard packaging Beverage Consumer products Pro-forma combined 2006 sales of $4.4 billion Innovative products in microwave, Z-flute, litho-lam, heat-transfer labels, sustainable packaging Significant market reach in national and regional customer segments Approximately 15,600
Slide 5: Enhances strong customer relationships with leading beverage and consumer products companies
Enhances strong customer relationships with leading beverage and consumer products companies Creates company with significant scale, increased breadth of product offering and higher growth profile Joins two senior management teams with extensive experience in large integration efforts Projected annu
Slide 6: Attractive Business Mix
Attractive Business Mix 2006 Revenue Mix Graphic Packaging Altivity Packaging Pro Forma GPK
Slide 7: Long Term, Blue-Chip Customer Relationships
Long Term, Blue-Chip Customer Relationships Graphic Packaging Altivity Packaging
Slide 8: Enhanced Growth Opportunities
Market Expansion Value Added Offerings Paperboard Flexible Metal Containers Poly & Foil Paper Adjacent Labeling & Machinery Plastic Corrugated Glass & Wood Contract Adjacent Vertical Growth Packaging Market Areas of Solid Fiber Solutions Enhanced Growth Opportunities
Slide 9: Innovative Products and Value-Added Applications
Innovative Products and Value- Added Applications Technology Focused on Solving Customer / Consumer Needs Retail Differentiation Impulse Buy Brand Recognition Product Dispensing Drive In-Home product choice Global Growth Consumer Convenience Ease of Use Time Saving Enhanced Strength Sustainability C
Slide 10: Manufacturing Network
Nationwide network of low cost manufacturing assets 47 folding carton facilities 12 multi-wall and specialty bag facilities 10 paperboard mills 6 flexible packaging facilities 5 ink manufacturing facilities 3 label facilities 3 packaging machinery manufacturing facilities Broadest converting capabil
Slide 11: Common Commitment to Cost Reduction
Common Commitment to Cost Reduction Low cost paperboard mills and converting facilities Continuous Improvement programs and manufacturing initiatives yielded approximately $50 million in annual cost reductions in each of 2005 and 2006 Improved sales per employee by 13% from 2003 to 2006 Increased pa
Slide 12: Broad-Based Synergy Opportunities
Broad-Based Synergy Opportunities $90+ million of gross synergies already identified 100% projected to be realized by Year 4 (2011) 2/3rds projected to be realized by Year 2 (2009) Operating expense reductions Supply chain procurement changes Mill optimization efforts Manufacturing process improveme
Slide 13: Financial Strategy
Financial Strategy Drive revenue growth through strong existing and expanded customer relationships Invest in continuous product innovations and value-added proprietary technologies Low cost production processes further benefited from ongoing cost reduction efforts and increased integration Execute
Slide 14: Q&A
Q&A
Slide 15: Additional Information and Where to Find It
Additional Information and Where to Find It In connection with the proposed transaction, Graphic Packaging Corporation expects that a newly-formed holding company will file with the Securities and Exchange Commission ("SEC") a Registration Statement on Form S-4 that will include a proxy statement of