Ball Corporation · NYSE:BALL
Ball — Merger or Acquisition (March 2015)
12 slides from Ball's merger presentation, Mar 20, 2015
Slide 1: Ball Corporation's offer to acquire Rexam PLC
1 | © BALL CORPORATION | BALL.COM Ball Corporation’s offer to acquire Rexam PLC
Slide 2: Forward-Looking Statements
2 | © BALL CORPORATION | BALL.COM Forward-Looking Statements This presentation contains “forward-looking” statements concerning future events and financial performance. Words such as “expects,” “anticipates,” “estimates” and similar expressions identify forward-looking statements. Such statements ar
Slide 3: Important Information
3 | © BALL CORPORATION | BALL.COM Important Information This presentation may be deemed to be solicitation material in respect of the proposed acquisition of Rexam PLC (“Rexam”) by Ball Corporation (“Ball”), including the issuance of shares of Ball common stock in respect of the proposed acquisition
Slide 4: Important Information (Cont'd)
4 | © BALL CORPORATION | BALL.COM Important Information (Cont’d) This document is provided for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell, shares of Ball Corporation ("Ball") or Rexam Plc ("Rexam"). Further to the announcement released by B
Slide 5: Transaction will benefit customers
5 | © BALL CORPORATION | BALL.COM Transaction will benefit customers 1 2 3 4 5 Local Competition • Shipping Costs are Very Significant Complementary Footprints • Limited Overlaps and Lowered Freight Costs Powerful Customers • History of Self- Supply and Sponsored Entry Multiple Substrates • Plastic
Slide 6: Complementary Global Footprints
6 | © BALL CORPORATION | BALL.COM Complementary Global Footprints Ball, but not Rexam, is in China, U.S. Northeast, Florida, Benelux, Poland and Serbia. Rexam, but not Ball, is in India, U.S. Pacific Northwest, Russia and Scandinavia. Germany and the U.K. are the only two nations in Europe where bot
Slide 7: Global Beverage Packaging
7 | © BALL CORPORATION | BALL.COM Global Beverage Packaging Plastic/PET 31% Glass 33% Cans 21% Other 15% Nearly 1.5 Trillion Units Annually
Slide 8: Our Geographic Markets are Local
8 | © BALL CORPORATION | BALL.COM Our Geographic Markets are Local Cost Breakdown of an Aluminum Can 68% Material Costs 6% Freight Costs 26% Conversion Costs Shipping Empty Cans is Inefficient and Expensive Complementary Footprints of Ball and Rexam Plants Reduced Shipping Distances Lower Prices for
Slide 9: Shipping Distances Define Local Markets
9 | © BALL CORPORATION | BALL.COM Shipping Distances Define Local Markets Average shipping distance in Europe is 200 - 600 kilometers Average shipping distance in U.S. is 200 miles
Slide 10: Serving Customers Better
10 | © BALL CORPORATION | BALL.COM Serving Customers Better • Customers already produce approximately 20 billion cans annually in North America • Customers can maximize efficiency with wall-to-wall plants • Integrated customers own large, industry-leading plants If We Don’t, They May Increase Intern
Slide 11: Entry is Occurring
11 | © BALL CORPORATION | BALL.COM Entry is Occurring Customer Supports Entry with Long Term Contract Can-Pack: Sponsored by Heineken and Carlsberg Under Construction: Helvetia Packaging plant, Saarbrucken, Germany Caribbean Can Manufacturing Company Opens in Puerto Rico: Coke bottler is JV partner
Slide 12: What the Press Says
12 | © BALL CORPORATION | BALL.COM What the Press Says “Antitrust regulators often balk at deals if there are just three big competitors. But in this case, the beer companies themselves make cans, and in some cases sell them. Anheuser Busch InBev's Metal Container Corp makes 45 percent of the cans n