Sonoco Products Company · NYSE:SON
Sonoco Products — 2026 Jefferies Global Industrials Conference
20 slides from Sonoco Products's conference presentation, Sep 10, 2026
Slide 1: Jefferies Industrial Conference, New York
Jeffries Industrial Conference New York September 10, 2026
Slide 2: Forward-Looking Statements
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 amend
Slide 3: 2nd Quarter 2026 Results Summary
Revenue $1.9B What Went Well 2nd Quarter Up 2% (Excluding divestitures) INDUSTRIAL 2026 RESULTS • Strong NA URB trade tons – up 6.4% • NA mill utilization ~95%; Europe ~92% SUMMARY Adj. Operating Profit • Reels volumes up 10% $242M • Productivity added ~$16 million to operating profit Margin 12.9% C
Slide 4: Segment Results 2Q 2026
SEGMENT RESULTS 2Q 2026 Consumer Segment Industrial Segment SALES ($M) ADJ. EBITDA ($M)1 SALES ($M) ADJ. EBITDA ($M) +1% -3% +4% +3% $1,227 $1,242 $213 $207 $617 $643 $119 $122 $14 $199 17% 17% 19% 19% 2Q 2025 2Q 2026 2Q 2025 2Q 2026 2Q 2025 2Q 2026 2Q 2025 2Q 2026 • Strong paper can volumes in EMEA
Slide 5: YTD Profitability Performance
YTD PROFITABILITY PERFORMANCE Structural 1H Results Transformation 3Y Target $8M $150-200M $41M Commercial Excellence & Operational Improvement $38M $2M Profitability $8M $10M Performance $10M 1Q 2Q FY 2026 Target Annualized Program Savings Profitability trending in line with YTD Target $6M VPQ Annu
Slide 6: Cash Flow Generation
Operating Cash Flow ($M) $301 $251 $193 56% $166 CASH FLOW $98 $109 GENERATION Cash Flow Overview $(208) $(368) Q2 Results Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2 2023 2024 2025 2026 • Q2 generated operating cash of $301M, up 56% from Free Cash Flow ($M) $237 Prior Year and FCF up 139% $173 139% $86 $80 $99 • YTD u
Slide 7: Strong Industrial Market Growth
STRONG INDUSTRIAL MARKET GROW TH Opportunity Update – Reels The Opportunity As the leading North America supplier of nailed wood, metal and polyfiber reels, Sonoco is addressing the fast- growing wire and cable infrastructure demand to support artificial intelligence data centers 2Q sales grew 13%,
Slide 8: Consumer Packaging Market Growth
CONSUMER PACKAGING MARKET GROWTH New Growth and Products New Thailand New product Paper Can introductions: Orbit, Plant microwaveable Ramping Up bowls, Ecopeel New Metal New Paper Can Second Line and Greencan Can Lines Capacity in for Fish and New Petfood Line South America Vegetables Opened in and
Slide 9: Aligning to One Consumer Packaging Segment
ALIGNING TO ONE CONSUMER PACKAGING SEGMENT Simpler, Focus on Operation Drive Better Decisions and Stronger Business Improvement Capital Allocation ► Next step in bringing our global ► Aligning operations, technology, R&D, ► Maintain Americas, EMEA and APAC Consumer businesses together supply chain,
Slide 10: Ernest Haynes Named Consumer Segment President
ERNEST HAYNES NAMED CONSUMER SEGMENT PRESIDENT Nearly Three Decades with Sonoco • Started as third shift supervisor in metal packaging (1997) • Former President, Consumer, Americas • Former President, Metal Packaging, US • Former VP, General Manager, Rigid Paper Containers, NA • Former VP of Operati
Slide 11: Inflationary Impacts Continuing in Second Half
INFL ATIONARY IMPACTS CONTINUING IN SECOND HALF Freight costs up double-digits YOY Raw material expense continues to rise • OCC up $50/ton YTD to $110 Cost Recovery Actions • April URB converted price increase (Q3 impact) • July URB price increase being implemented customer-by-customer • September U
Slide 12: Third Quarter Update
THIRD QUARTER UPDATE Industrial Paper Packaging Consumer Packaging July URB price increase not recognized EMEA harvest impacted by adverse by RISI weather conditions URB trade ton demand remains solid U.S. harvest season off to slower start • Utilization remains ~95% (NA) International paper can vol
Slide 13: Appendix
Our Future is in APPENDIX OQ) SONOCO
Slide 14: 2Q Financial Results
2Q FINANCIAL RESULTS 2026 (Dollars in Millions, Except EPS) 2Q 2026 2Q 2025 YoY % Chg Net Sales $1,885 $1,910 (1%) Adj. OP $242 $247 (2%) Adj. EBITDA $324 $328 (1%) Adj. EBITDA Margin 17.2% 17.2% 2bps Adj. EPS $1.51 $1.37 Operating Cash Flow $301 $193 56% All values, except Operating Cash Flow, on C
Slide 15: EPS Summary
EPS SUMMARY Second Quarter: 2026 vs. 2025 Second Quarter Year To Date 2026 2025 2026 2025 GAAP EPS $ 1.05 $ 4.96 $ 1.73 $ 5.51 Addback for: Acquisition and Divestiture Related Costs, Net 0.02 0.09 0.07 0.40 LIFO Reserve Change 0.01 0.01 0.04 0.01 Acquisition intangibles amortization expense 0.36 0.3
Slide 16: P&L Summary
P&L SUMMARY Second Quarter: 2026 vs. 2025 QTD Better / (Worse) Dollars in millions 2026 2025 $ % Net Sales 1,885 1,910 (25) (1.3)% Gross Profit 393 407 (14) (3.5)% SG&A Expenses, Net of Other Income 151 160 10 6.0 % Operating Profit 242 247 (5) (1.8)% Other non-Operating expense (6) (7) - (5.6)% Net
Slide 17: Sales & Adj. EBITDA Bridge
SALES & ADJ. EBITDA BRIDGE Second Quarter: 2026 vs. 2025 Dollars in millions SALES Consumer Industrial All Other Corporate Total 2Q 2025 Sales $ 1,227 $ 617 $ 66 $ - $ 1,910 Volume / Mix (22) (1) - - (23) Price 19 18 - - 37 Acq. / Divestitures - - (66) - (66) FX / Other 18 9 - - 27 2Q 2026 Sales $ 1
Slide 18: Segment Analysis
SEGMENT ANALYSIS Second Quarter: 2026 vs. 2025 Dollars in millions NET SALES (1) SEGMENT OPERATING PROFIT (1) 2026 2025 % CHG 2026 2025 % CHG Consumer Packaging 1,242 1,227 1.2% 152 160 (5.4)% Industrial Paper Packaging 643 617 4.2% 89 86 4.0% All Other - 66 - 8 Segment Total (excl. Corp) 1,885 1,91
Slide 19: Condensed Balance Sheet
CONDENSED BAL ANCE SHEET Second Quarter: 2026 vs. 2025 * Note: Due to rounding, individual items may not sum appropriately Dollars in millions June 28, 2026 December 31, 2025 Change $ Cash and cash equivalents 169 378 (210) Trade accounts receivable, net of allowances 1,011 843 169 Other receivables
Slide 20: Roger Schrum, Head of Investor Relations
RO G E R S C H R U M Head of Investor Relations and Communications Email: roger.schrum@sonoco.com Office Phone: 843-339-6018 Cell Phone: 843-615-8650 20
Sonoco Products Company — 2026 Jefferies Global Industrials Conference on 6ix