Slide 1: Second Quarter 2012 Financial Review and Analysis
Exhibit 99.2 Secondotherwise (preliminary, Supplemental Unless Quarter unaudited) Presentation 2012 indicated, Financial Materials the Review discussion July and 24, ofAnalysis the 2012 company’s results is focused on its continuing operations
Slide 2: Forward-looking statements
regulations; Certain looking factors, customer to changes sustainable integration technologies impairment rates; achieve fluctuations statements including statements inorder and tax of or of changes and acquisitions sustainably-sourced capitalized laws sustain patterns; installation but incontained
Slide 3: Use of non-GAAP financial measures
Use limitations document. financial costs, of non-GAAP excluded •The cash and This Adjusted Organic Free certain certain company’s company of flow presentation document asset cash Non-GAAP measures, from sales assets excludes operating tax EPS (See associated flow effects impairments, financial uses
Slide 4: Second Quarter Overview
Second Quarter Overview –Company Narrowing Increasing 4•Significant Approx. Year-to-date Targeting Strength Sales Operating Reported FCF Repurchased Adjusted Year-to-date Second toup $280 Quarter $80 results approx. in return EPS operating 2012 annualized acceleration margin, PSM free mil. free 4.8
Slide 5: Second Quarter 2012 P&L Summary
5–•Second Operating Interest Effective Reported Adjusted Year-to-date Sales increased Second Quarter expense Quarter tax net EPS operating margin, adjusted rate sales (total (continuing P&L (non-GAAP, 3.7% 2012 up ofas declined slightly margin Summary 33.4% company) reported, on tax Financial organi
Slide 6: Sales Trend
Sales Trend 2Q11 Organic Product 6*Totals 3Q11 may Line Sales Second 4Q11 Analysis not Divestitures—- Change sum Quarter 1Q12due (1.5%) 2Q12 2012 to rounding. (0.2%) (0.8%) Financial (0.4%) 0.7% Review (0.9%) (0.3%) and 3.7% Currency Analysis 5.0% | July 5.8% 24, 2012 (1.0%) (1.6%) (4.2%) Reported S
Slide 7: Margin Summary
Margin As Adjusted 2Q12 Gross Operating -Pressure Retail Other 7Total Second Reported Company 2Q11 specialty Profit Branding Analysis Quarter sensitive Margin: 2Q12 Margin (Non-GAAP)) converting 6.2% and 2012 2Q11 Materials (total Information 6.8% Financial company) businesses 7.0% 8.4%Solutions 7.3
Slide 8: Second Quarter Segment Overview: Pressure-sensitive Materials
Second PRESSURE Reported Sales Label Graphics Operating 8expenses, Second upp and Quarter and sales Quarter including approx. Packaging margin SENSITIVE Reflective ofSegment $1.01 2012 declined 6%incentive Materials onFinancial bil., Solutions organic Overview MATERIALS 20flat compensation. basis sa
Slide 9: Second Quarter Segment Overview (continued)
Second RETAIL OTHER Reported Sales Operating 9improved Second flatQuarter up SPECIALTY approx. BRANDING sales on Quarter 80 margin organic basis ofSegment 2% $389 $134 2012 declined improved points. basis excluding CONVERTING AND mil., Financial Overview 150 50 down INFORMATION basis currency Review
Slide 10: Contributing Factors
Contributing Factors Tax Capital Pension Estimated Average Changes Organic At Restructuring 10 current recent Second rateexpenditures as contributions sales in shares to rates, net of rates, Quarter low Contributing April Factors ggrowth costs proceeds to outstanding ,growth ,currency currency mid-t
Slide 11: 2012 EPS and Free Cash Flow Guidance
2012 Reported Free 3Q12 11 Second Cash EPS EPSEPS and Flow Quarter expected $1.55—$1.70 Free $280 2012 Cash tomil.—$310 beFinancial Flow 20%Add Guidance to Back: 25% mil. Review ofEstimated (Continuing full andyear Analysis earnings Restructuring Operations) | July 24,Costs 2012 and Other Items ~ $0