Sonoco Products Company · NYSE:SON
Sonoco Products — Shareholder Meeting (April 2025)
27 slides from Sonoco Products's shareholder meeting presentation, Apr 16, 2025
Slide 1: Sonoco Annual Meeting of Shareholders 2025
2025 Sonoco Annual Meeting of Shareholders
Slide 2: Board of Directors
BOARD OF DIRECTORS Steven Boyd Scott Clark Howard Coker Pamela Davies Theresa Drew Philippe Guillemot 2
Slide 3: Board of Directors
BOARD OF DIRECTORS John Haley Robert Hill Eleni Istavridis Richard Kyle Blythe McGarvie Thomas Whiddon 3
Slide 4: Charlie Coker 1933 - 2024
CHARLIE COKER 1933 - 2024
Slide 5: Items of Business
Proposal 1 Election of Directors Ratification of Independent 2025 Annual Meeting Proposal 2 Registered Public Accounting Firm Items of Business Proposal 3 Advisory (Non-binding) Vote on Executive Compensation Advisory (Non-binding) Shareholder Proposal Proposal 4 Regarding Transparency in Political
Slide 6: State of Sonoco
State of Sonoco Howard Coker President and Chief Executive Officer 6
Slide 7: A Simpler, Stronger and More Sustainable Company
Transforming Sonoco Into A Simpler, Stronger and More Sustainable Company 7
Slide 8: Forward-Looking Statements / Non-GAAP Financial Measures
FORWARD-LOOKING STATEMENTS / NON-GAAP FINANCIAL MEASURES Statements included herein that are not historical in nature, are intended to be, and are hereby identified as “forward-looking statements” for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amen
Slide 9: Sonoco's Transformation: The Last Five Years
2 No. of P&Ls 2 Core Businesses Sonoco’s Transformation 0 18 0 3 2 Revenue 2 Revenue The Last Five Years 0 $5.2B 5 $7.75 – 8.0B 2020 2021 2022 2023 2024 ACQUISITION DIVESTITURE ACQUISITION ACQUISITION ACQUISITION Can Packaging Display & Packaging Ball Metalpack; RTS Chattanooga Mill Eviosys (U.S.) S
Slide 10: Sonoco Today
Focused on completing the transformation to “Fewer, Bigger Businesses” SONOCO Industrial Paper Packaging Metal Packaging Rigid Paper Containers TODAY We Are… THE GLOBAL LEADER IN value-added, Investing in Ourselves sustainable metal and fiber consumer • Investing in our core business for growth and
Slide 11: Strong Productivity, Offset Price/Cost Headwinds
Highlights • $183M in procurement, manufacturing and 2024 Results Summary fixed cost productivity Strong Productivity, Offset • Highest savings in 14 years Price/Cost Headwinds • Price/cost headwinds impacted most businesses due to inflation ‘22 ‘22 ‘22 2024 ‘23 ‘24 ‘23 ‘24 Percentage of Sales ‘23 ‘
Slide 12: Investing In Ourselves
Capital Expenditures Since 2020 ($ Million, Gross*) “Investing In $450 $400 $350 $393 $363 $360 Ourselves” $300 $329 $250 $200 $256 For Growth, Productivity $150 $194 $100 $50 $0 2020 2021 2022 2023 2024 2025P Rigid Paper Containers Sonoco Metal Packaging Industrial Paper Products 1 Greenfield And S
Slide 13: Strengthened Portfolio | Fewer, Bigger Businesses
Strengthened Portfolio | Fewer, Bigger Businesses Successfully completed sale of TFP to TOPPAN for $1.8B Completed largest acquisition in Company’s history on Dec. 4, 2024 13
Slide 14: Sonoco is Now A Global Leader In Metal Packaging
Sonoco is Now A Global Leader In Metal Packaging 14
Slide 15: Scaled & Advantaged Metal Packaging Business
SMP North America Overview Scaled & Advantaged Metal Packaging Business FY 2024 Results Long Term Outlook Business Profile 2022 • SMP North America continues to outpace industry in aerosol Established ~$1.2B LSD* volume growth. Revenue Revenue Growth • Addressable markets such as Wet Pet and Persona
Slide 16: Global Leader in a Growing Space
Rigid Paper Containers Segment Overview Global Leader in a Growing Space FY 2024 Results Long Term Outlook Business Profile 1961 • Leading Positions in Markets with Outstanding Brands Established $1.5B HSD* • Existing Products in New Geographies & New Products in New Markets Revenue Revenue Growth •
Slide 17: Industrial Group
Global Segment Overview Industrial Group FY 2024 Results Long Term Outlook Business Profile 1899 • Technical Service Leadership Established ~$2.4B LSD* • Superior Quality and Performance Revenue Revenue Growth • Leading Positions in Target Markets with Market Leaders 5.1K • Organic and Geographic Gr
Slide 18: Commitment to Sustainability
Commitment to Sustainability • Completed Hartsville Solar Farm • Developing First Wind Project • Biogas Development 18
Slide 19: Sustainability Innovations
Sustainability 70% >90% Innovations Paper Can Paper Can Sonoco’s redesign of Pringles with a fiber-based end increases recyclability across Europe. A new Pringles can with a lower carbon Sustainable Innovation: footprint and “Mono-material Pringles Tube” accepted at Sonoco Award Wins: curbside and G
Slide 20: Employee Focus on Safety
Employee Focus on Safety Deeper integration of safety as a part of our culture Single largest training initiative in the history of Sonoco. • Recognized with the ICON Award from DEKRA for our industry leading Do Safety Differently initiative • Trained over 20,000 employees since program inception to
Slide 21: Relief Efforts For Our Employees
Relief Efforts For Our Employees • Sonoco made an emergency donation to the American Red Cross on October 1, 2024, of $90k • $30k each was presented to American Red Cross in Tennessee, North Carolina, and South Carolina – which had the most impacted plant operations • Sonoco presented the check duri
Slide 22: Investing in our Community
Investing in our From left to right Manufacturing facilities help in Sonoco’s Rodney Hannah speaking at Darlington County Community Hurricane aftermath. Bay Road Elementary Humane Society during a PAWS event. 22
Slide 23: Awards and Recognitions
Awards and Recognitions ov £2. SON eo _ ae @ LISTED AMERICA’S MOST MOST ® RESPONSIBLE TRUSTWORTHY sonoco =. # NYSE COMPANIES COMPANIES —— 2025 2025 Newsweek Newsweek statista % | j statista % | ho 23
Slide 24: CEO Priorities
Mind the Store 1 (RPC, IPP, SMP NA/EMEA) Manage Tariff Risks SMP EMEA 2 Integration Global Network Optimization 3 Optimize the Organization for the Future CEO Maintain Culture: Priorities 4 Effective Change Management 5 Prepare to Divest ThermoSafe 6 Drive Value Creation Story for Shareholders 24
Slide 25: Looking Forward: The New Sonoco
Looking Forward: The New SONOCO Proforma 2025 Sales $7.75 - $8B* Employees 23,400 Plants 285 Countries 40 25 *Includes 1Q of TFP and full year ThermoSafe
Slide 26: 100 Consecutive Years of Dividends
100 CONSECUTIVE YEARS of Dividends $2.07 $2.11 $2.02 $1.92 $1.80 $1.70 $1.72 $1.62 $1.54 $1.46 $1.37 $1.23 $1.27 $1.19 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Quarterly Dividend of $0.53 Per Share 42 Years Sonoco Named Of consecutive annual increases #4 Top Dividend Cha
Slide 27: Q&A
27 QA &
Sonoco Products Company — Shareholder Meeting (April 2025) on 6ix