Avery Dennison Corporation · NYSE:AVY
Avery Dennison — Shareholder Meeting (April 2025)
20 slides from Avery Dennison's shareholder meeting presentation, Apr 4, 2025
Slide 1: Proxy Season Stockholder Engagement Spring 2025
Proxy Season Stockholder Engagement Spring 2025
Slide 2: Safe Harbor Statement
Safe Harbor Statement Certain statements contained in this document are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements, and financial or other business targets,
Slide 3: We Appreciate Your Support at Our Annual Meeting
We Appreciate Your Support at Our Annual Meeting Our Board recommends that you vote FOR all management proposals and AGAINST the stockholder proposal PROPOSAL BOARD VOTE RECOMMEDATION 1 Election of directors See Proxy page 39. FOR Our experienced and balanced Board continues to deliver long-term val
Slide 4: FY 2024 Financial Highlights
FY 2024 Financial Highlights 15.8% 2024 ROTC* ▲ 340 bps 16.4% 2024 Adj. EBITDA Margin* ▲ 130 bps $8.8B 2024 Net Sales ▲ 4.7% $9.43 2024 Adj. EPS* ▲ 19% Avery Dennison at a Glance Significant Competitive Advantages Exposed to diverse and growing end markets, with catalysts for long-term growth Indust
Slide 5: Balanced Board Composition Drives Robust Independent Oversight
Balanced Board Composition Drives Robust Independent Oversight Our Board oversees, counsels and ensures management is serving the best interests of our company, with a view toward maximizing the performance of our business and delivering long-term value for all our stakeholders. Board Leadership Str
Slide 6: Experienced and Balanced Board Continues to Guide our Growth
Experienced and Balanced Board Continues to Guide our Growth As part of its ongoing director succession planning process, the Governance Committee regularly discusses and reports to our Board on the skills, qualifications and demographics desirable for our Board to best serve our company’s needs. Di
Slide 7: 2024 CEO Pay Aligned To Performance
2024 CEO Pay Aligned To Performance Target Total Direct Compensation (TDC) is established to incent strong operational and financial performance and superior stockholder value creation aligned with our near- and long-term strategic priorities. 88% At-Risk Long-term Performance Units (PUs) (36%) 100%
Slide 8: Stockholder Engagement
Stockholder Engagement Our Board and management are committed to regular and thoughtful engagement to directly obtain feedback and gather perspectives to identify potential improvement opportunities. 2024 Feedback Topics Governance Environmental Sustainability Board composition Board refreshment Boa
Slide 9: Leading in Environmental and Social Responsibility
Leading in an Environmental and Social Responsibility We have largely achieved our 2025 sustainability goals, including exceeding our goal for cumulative GHG emissions reduction. Our 2030 sustainability goals prioritize the environmental and social matters most material to our company and stakeholde
Slide 10: Appendix A Financial Highlights
Appendix A Financial Highlights
Slide 11: Net Cash, Free Cash Flow, EPS and Net Sales
Net Cash Provided by Operating Activities Adjusted Free Cash Flow* Reported EPS Adjusted EPS* Net Sales Sales Change Ex. Currency* Drive outsized growth in high-value categories Lead at the intersection of the physical and digital Effectively allocate capital and relentlessly focus on productivity G
Slide 12: Disciplined Capital Allocation Creating Long-Term Stockholder Value
Disciplined Capital Allocation Creating Long-Term Stockholder Value Capital Allocation We invest in our businesses to support organic growth and seek to acquire companies that can accelerate our strategies, particularly in high-value product categories, increase our pace of innovation and advance ou
Slide 13: Appendix B Reconciliation from GAAP
Appendix B Reconciliation of Non-GAAP Financial Measures from GAAP
Slide 14: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures We report our financial results in conformity with accounting principles generally accepted in the United States of America, or GAAP, and also communicate with investors using certain non-GAAP financial measures. These non-GAAP financial measures are not in accorda
Slide 15: Reconciliation from GAAP
Reconciliation of Non-GAAP Financial Measures from GAAP
Slide 16: Reconciliation from GAAP
Reconciliation of Non-GAAP Financial Measures from GAAP
Slide 17: Reconciliation from GAAP
Reconciliation of Non-GAAP Financial Measures from GAAP
Slide 18: Reconciliation from GAAP
Reconciliation of Non-GAAP Financial Measures from GAAP
Slide 19: Reconciliation from GAAP
Reconciliation of Non-GAAP Financial Measures from GAAP
Slide 20: averydennison.com
averydennison.com MAKING POSSIBLE” B se DENNISON #MakingPossible Lint «oe folic) Al other brands or © 2025 Avery Dennison Corporation, All rights reserved. The “Making Possible tagine, thei Fortune