Sonoco Products Company · NYSE:SON
Sonoco Products — Q4 2025 Earnings Presentation
89 slides from Sonoco Products's earnings presentation, Feb 17, 2026
Slide 1: Our Future is in Focus
Our Future is in OCUS Sonoco Investor Day | February 17, 2026
Slide 2: Agenda
\O) AGENDA Sonoco Investor Day 2026 Welcome/Introduction Roger Schrum ° Head of Investor Relations Fourth Quarter Review 2026 Outlook Howard Coker ¢ President and CEO Paul Joachimezyk ¢ Chief Financial Officer Strategic Vision Our Future is In Focus Howard Coker ¢ President and CEO Industrial Paper
Slide 3: Break; Financial Review and 2026-2028 Targets
BREAK 7 Hnanelal Review Paul Joachimezyk ¢ Chief Financial Officer and 2026-2028 Targets 8 ] Summary Howard Coker ¢ President and CEO 5) Q&A Coker, Joachimczyk, Harrell, Cairns, Haynes
Slide 4: Forward-Looking Statements
2. 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 21 of the Securities Exchange Act of 1934, as amen
Slide 5: What You Will Hear Today
2. WHAT YOU WILL HEAR TODAY GD Our Portfolio Transformation is Complete Gay We Have Built Global Market Leading Franchises in Both Industrial Paper and Consumer Packaging Poised for Further Profitability Improvement and Cash Flow Generation 0 Best Positioned to Consistently Drive Earnings Growth Goi
Slide 6: Quarterly Financial Review
Our Future is in FOCUS QUARTERLY FINANCIAL REVIEW 4th Quarter and Full Year 2025 February 18, 2026 ® 6 SONOCO
Slide 7: 2025 Results
6 Revenue fen © $1.77B8 4 Quarter Up 30%* “Year over year % calculated 2 0 2 5 R E S U LTS excluding Discontinued Operations Total Operating Profit Up 47%* Margin 10.6%, up ~125bps What Went Well Operating Profit, Adj. EBITDA and Adj. EPS above expectations * Driven by favorable P/C recovery and gro
Slide 8: ThermoSafe transaction closed in November
» ThermoSafe transaction closed in November » $656 million in cash received at closing (13x EV/EBITDA valuation) » YOY net debt reduced by ~$2.7B (divestiture proceeds/FCF) Chil/Therm > Net debt reduced ~40% THERMOSAFE with net leverage at ~3.0x, down from ~¢
Slide 9: Q4 Financial Results
Q4 FINANCIAL RESULTS AQ) ro) Q4 2024 YOY Change % Net Sales 1 $1,768 $1,363 $187 $127 $272 $247 15.4% 14.9% $1.05 $1.00 Operating Cash Flow Excluding discontinued operations EBITDA % calculated over Sales including 2) Discontinued operations Continued and Discontinued Operations 3) Excluding discont
Slide 10: Full Year Financial Results
s FULL YEAR FINANCIAL RESULTS YOY Change % Net Sales 1 $7,519 $321 (75%) Operating Cash Flow” (17%) . . , 9 - . A (Dollars in Millions, Except EPS) 1. Excluding discontinued operations 5. EBITDA % calculated over Sales including Continued 2. Discontinued operations and Discontinued Operations 3. Exc
Slide 11: 2026 Financial Outlook
2026 FINANCIAL OUTLOOK * Includes ~$100M in capital gain taxes on divestitures in 2025 2026 GUIDANCE Net Revenue $7.25 - $7.75B ) Adjusted EBITDA $1.25B - $1.35B ) Adjusted EPS $5.80 - $6.20 ) Operating Cash Flow* $700M - $800M )
Slide 12: Sales Bridge 2025-2026
SALES BRIDGE 2025-2026 4Q) O $7,839* ~$40 $7,250 - $7,750 2025 Sales Divestitures 2025Proforma Volume / Mix FX / Other 2026 Sales *2025 Sales Includes Discontinued Operations
Slide 13: Adj. EPS Bridge 2025-2026
S. ADJ. EPS BRIDGE 2025-2026 $0.20 - $0.40 $5.80 - $6.20 | $5.71 $0.60 - $0.80 i FY 2025 Actual Divestitures FY 2025 Proforma Operational Non-Operational Adj. EPS 2026
Slide 14: Our Future is in Focus
Our Future is in
Slide 15: Sonoco Is the Investment of Choice
SONOCO IS THE INVESTMENT OF CHOICE Strength of Assets #1 Market Position Globally in Paper & Steel Cans and URB* Simplified Operating Model Drives Margin Expansion Operational Improvement Plans Accelerate Profitability Significant Recent Investments in Asset Base “Uncoated Recycled Paperboard In Pac
Slide 16: Sonoco Today
% SONOCO TODAY $7.8B* $1.3B 22,000 265 37 “Includes discontinued operations @ Consumer ©@ Industrial @ Americas @ Europe Other
Slide 17: Strategic Alignment: Two Core Segments
@ Pa $2.48 STRATEGIC 67% 33% ALIGNMENT TWO CORE SEGMENTS’ Consumer Packaging *Excludes 2025 Divestitures **Uncoated Recycled Board #1 URB™ and Converted Products #1 Paper Cans #1 Steel Cans
Slide 18: Value-Added Packaging
VALUE-ADDED PACKAGING Principles Central To Where We Play Advanced Material Science Dynamics * Consolidated markets with GDP * Barrier, protection and enhanced properties High Product Large Global growth * Deep Functionality ; Customers + Rational competition manufacturing Continuous Process based o
Slide 19: Why We Transformed Sonoco
WHY WE TRANSFORMED SONOCO Aligned and Scaled Our Portfolio with Our Competitive Strengths Display and os o> Packaging ee S29 Project Ball Horizon International Metalpack Paper Can Can and Bottoms Packaging Sonoco (GreenCan) Protective RTS/ Solutions Chattanooga Mill Renewable Energy Projects Automat
Slide 20: Our Foundation Is Set
s OUR FOUNDATION IS SET Since 2020, Our Transformation Has ... ( * Added $2.6 Billion in Revenue ( ¢ Expanded Adj. EBITDA Margin by ~200 BPS Revenue * Generated Over $3.0 Billion of Normalized Operating Cash Flow * Returned Over $1.2 Billion to Shareholders ( * Increased Adj. EPS by 50% Allperiods a
Slide 21: Our Strategic Priorities
Our Future is in O Our Strategic Priorities Achieve Margin Expansion Drive commercial excellence strategy Align structure and support functions more efficiently Invest in operational efficiency and scalable processes ee OUR MISSION Be the global leader in value-added, sustainable metal and fiber con
Slide 22: Customer Partnerships
Customer Partnerships Competitive assets and proximity Investing with our customers Delivering value New product and design innovations Solving customer challenges Proprietary solutions Focused R&D Innovation and Technology © Capturing Value-Creating GROWTH OPPORTUNITIES Quality and Service Zero def
Slide 23: Our Proven Operating Model
© Our Proven OPERATING MODEL Track Record of Profitability, Margin Improvement Commercial Excellence ca Excellence Sonoco’s Operating Model Reduced Net Debt by ~40% in 2025 Strategic Capital Allocation Operational Excellence Achieving 25% Carbon Reduction Target in 2026 Supply Chain Excellence 23 Si
Slide 24: Simplify Our Consumer Segment
24 ha SIMPLIFY OUR CONSUMER SEGMENT Enhances Go-to-Market Strategy . Substrate agnostic while providing what is best for our customers Meaningful cross-sell opportunity Structural Transformation Focuses Technology and Expertise . Combines R&D and proprietary machinery development Efficiently solve c
Slide 25: Sonoco Profitability Performance
25 w~ SONOCO PROFITABILITY Consumer Packaging Support Function PERFORMANCE Structural Synergies Operational Improvement Simplification Commercial Excellence * Supply Chain Improvement ¢ Foot-Print Optimization * Productivity Initiatives Process Standardization ¢ Synergy Realization Stranded Cost Tak
Slide 26: Capital Allocation
%. “ CAPITAL Invest ALLOCATION for * Invest in High Return Growth Projects Alongside Customers ¢ Invest in Technology for Margin Expansion ¢ M&A to Build Leadership Positions ee rcccccccvce — Maintain : * Exit Non-Core Businesses at Attractive Valuations Efficient Ri hi : * Monetize Non-Business Ass
Slide 27: A Vision for Sustainability
Big Sampson output to help lower Scope 2 emissions Fi Sustainability Excellence A VISION FOR SUSTAINABILITY Ww 15-Year Virtual Power Purchase Agreement (VPPA) with ENGIE North America announced in 2023 for 270-megawatt (MW) wind energy project. Our first VPPA in Southwest Texas (Crockett County) wit
Slide 28: Our 2026-2028 Targets
0} SONOCcO Our Future is in FOCUS Our 2026-2028 — Targets Efficient Capital Allocation Cumulative 3Yr. OCF: ~$2.5B LT Net Leverage: <2.5x Sustainable ; Achieve Margin Growth Expansion a ~200 BPS Improvement = $150 - $200M in Savings
Slide 29: Experienced Leadership with a Focused Mission
7 Experienced Leadership with a FOCUSED MISSION ARD CC ) KER Preside Business Leaders Support Functions Leaders JAMES HARRELL SEAN CAIRNS ERNEST HAYNES ANDREA WHITE JOHN FLORENCE PAUL JOACHIMCZYK President, President, President, Chief General Counsel Chief Global Industrial Consumer Packaging, Consu
Slide 30: Industrial Paper Packaging
INDUSTRIAL PAPER PACKAGING Leading Global Provider of URB and Converted Products 30 SONOCO
Slide 31: The Opportunity of Sonoco's Industrial Paper Packaging Segment
31 The Opportunity of Sonoco’s INDUSTRIAL PAPER PACKAGING SEGMENT Low-cost, vertically integrated leader in URB* and Converted Products Track record of EBITDA growth, margin expansion, strong cash flow generation, and high returns on invested capital Consolidated North America operations into One Te
Slide 32: Industrial Paper Packaging Overview
OF INDUSTRIAL PAPER PACKAGING ~$2.4B 7,400 9,000 158 25 @ North America @ emea APAC = @ South America 2025 Revenue By Region 16% onsumer @@ Consumer Revenue By End Market
Slide 33: Vertically Integrated Value Chain
INDUSTRIAL PAPER PACKAGING VERTICALLY INTEGRATED VALUE CHAIN Uncoated Recycled 18 Recycling Plants Paperboard (URB) iO) 52% URB Paper Sales* to Sonoco Internal (Consumer & Industrial Products) 48% URB Paper Sales* to External Customers 1.7M 19 Paper Mills Tons of Fiber 26 Machines Recovered 2.0M Ton
Slide 34: Converted URB Products
34 52% URB Paper Sales* to Sonoco Internal (Consumer & Industrial Products) 2025 Sonoco Converted URB Sales Breakdown ©@ Cons. stapte © cons. Durable (16%) © = ndustriat € Other 17% INDUSTRIAL PAPER PACKAGING Converted URB Products What Sonoco Makes 2025 37% Internal URB * Based on 2025 Industrial S
Slide 35: URB Paper Sales to External Customers
35 48% URB Paper Sales* to External Customers 2025 Sonoco External URB Sales Breakdown ©@ Cons. stapte © Cons. Durable © = ndustriat © other INDUSTRIAL PAPER PACKAGING * Based on 2025 Industrial Segment Sales URB Products What Our Tissue and Towel Floor Paper Customers Make Coreboard Food Packaging
Slide 36: URB Demand Growth
A URB DEMAND GROWTH = fastmariats Should Further Tighten Markets (Char couresy of SN Demand has stabilized in NA Oe megauction® and Operating Rates post-COVID and RISI projects 98% 1.1% CAGR growth through 2028 96% 94% 220,000 tons of U.S. URB capacity removed since 2023 92% 90% Operating rates have
Slide 37: Transforming Operations
sonoco Transforming Operations DRIVES FOCUS, PROFITABILITY Ww —® EBITDA% 8 Agj. EBITDA —» EBITDACAGR $450 400 300 2020 2021 2022 2023 2024 2025 Growth EBITDA and Margin Expansion Capital Allocation ¢ Skjern, RTS/Chattanooga Mill * Grew Adj. EBITDA 71%, expanded margins 615 bps Investing in automatio
Slide 38: Macroeconomic Implications
INDUSTRIAL PAPER PACKAGIN ° MACROECONOMIC IMPLICATIONS == Tailwinds “dees Neutral Qe = Headwinds Preference for sustainable, e Energy price volatility mitigation @ Ongoing geopolitical uncertainty recyclable packaging through process and commercial impacts trade flows and tariffs ‘ excellence influe
Slide 39: Investing in Network Improvements
INDUSTRIAL PAPER PACKAGING INVESTING IN NETWORK IMPROVEMENTS | 158 North America Margin Enhancements 39 Europe Investing to improve efficiency and throughput to serve customers’ needs 2.0M Asia Targeting Europe/APAC structure to improve performance South America Optimizing footprint to efficiently s
Slide 40: High-pressure Laminates (HPL)
High-pressure Laminates (HPL) Innovative Solutions & Economic Growth A Background A leader in HPL products challenged Sonoco to develop an alternative to use in HPL production after a producer of virgin saturating kraft exited the market The paper alternative had to be clean, have uniform formation
Slide 41: North America Leader in Growing Wire and Cable Reels
4 NORTH AMERICA LEADER In Growing Wire and Cable Reels Leader in nailed wood, steel and polyfiber reels Revenues have doubled over last 5 years Projecting >5% CAGR growth through 2028 ¢ Driven by Power Grid build out / data center needs ° Low-cost leader due to R&D and automation
Slide 42: Industrial & Specialty Packaging
INDUSTRIAL PAPER PACKAGING INDUSTRIAL & SPECIALTY PACKAGING Serving Adjacent Markets Custom injection molding and extrusion business with ~$120 million annual sales Vv Products range from spools and reels, film cores, foodservice small wares and consumer packaging Vv Strong design, engineering and t
Slide 43: Growth Outlook
Growth Outlook Grow share with existing customers and gain new customers where we have right to win >1% CAGR volume growth in URB through 2028* >5% CAGR volume growth in Reels “Based on RISI EBITDA and Margin Expansion Operating leverage from improving mill utilization rates Continued focus on manuf
Slide 44: Consumer Packaging EMEA/APAC
Our Future is in CONSUMER PACKAGING EMEA/APAC SEAN CAIRNS President, Consumer Packaging EMEA/APAC ». 44 SONOCO
Slide 45: The Opportunity of Sonoco's Consumer Packaging, EMEA/APAC
45 The Opportunity of Sonoco’s CONSUMER PACKAGING, EMEA/APAC Combination of the leading metal and paper packaging formats creates a powerful solution to service a highly diverse customer base Streamlined organization enhances customer engagement and production flexibility while reducing cost to serv
Slide 46: Business Overview
OF CONSUMER PACKAGING, EMEA/APAC SONOCO . . Business Overview Revenue Customers Employees Plants Countries ~$2.9B 1,660 8,250 65 20 Future-proof Innovative and Sustainable Packaging ma = ——4 T] Abbots Bonduelle EUREDEN europe JUSTe Kraft. snacks SPICES MARS = Mondelez xX PRINCES Nestle '§ Thai Union
Slide 47: Value Proposition
VALUE PROPOSITION Consumer Packaging, EMEA / APAC The Right, Sustainable, Fit for Purpose Technical and Regulatory Expertise Dedicated R&D, regulatory and technical teams support customers Unbiased solution provider as the only manufacturer of both paper and metal Attract and Scale Retain with IP Ma
Slide 48: Close to Our Customers' Filling Activities
CONSUMER PACKAGING-EMEA/APAC CLOSE TO OUR CUSTOMERS’ FILLING ACTIVITIES New organization Proximity To Customers EMEA facilitates cross- terial optimizatic i CE and End Markets, Reducing mmanufabe packaging Logistics Risk and Cost 9 %, “ 9 9 existing facilities ee g ee) ) Metal Packaging 9 Facilities
Slide 49: What We Make
OM Princes Metal Cans, Ends & Vacuum Closures Food | Household Components and Closures Steel and aluminum, 2-piece and 3-piece cans and ends Steel closures for glass jars CONSUMER PACKAGING-EMEA/APAC Rigid Paper Cans Food and Beverage | Household Health and Personal Care Up to 98% Post Consumer Recy
Slide 50: Outlook: Unlocking Opportunities with New Regulations
50 OUTLOOK UNLOCKING OPPORTUNITIES WITH NEW REGULATIONS Dry Products New market opportunities with switch from plastic to paper Packaging and Packaging Waste Regulation (PPWR) driving brands away from plastic and towards paper Se and metal packaging New market opportunity with switch away from diffi
Slide 51: Customer Case Study: Apis Ecopeel
Customer Case Study Apis Reduces its CO, Emissions by 20% and Improves the Consumer Experience with Ecopeel™ Apis adopted Ecopeel™ for its Spanish paté. This new can patented technology combines: The consumer benefits of a two-piece heat sealed can (smooth edges for a full access to the can and easy
Slide 52: Outlook: Building New Partnerships and Innovations
CONSUMER PACKAGING-EMEA/APAC 52 OUTLOOK BUILDING NEW PARNTERSHIPS Private Labels AND INNOVATIONS TO ANSWER LIFESTYLE CHANGES Market Dynamics Evolving with Increased Cost of Living & Lifestyle Changes LES Private labels growth calls for innovations European corn segment impacted by Asian imports for
Slide 53: Customer Case Study: Mars' Pringles Going Paper
53 pe = Customer Case Study Mars’ Pringles Going Paper A 90% paper Pringles can with Sonoco’s patented technology for high-speed paper bottom ends Designed for recycling via curbside collection and paper recycling streams Recently purchased by Mars, Pringles is now expanding its paper version across
Slide 54: Technology Focused on Our Future
TECHNOLOGY FOCUSED ON OUR FUTURE Energy Consumption Reduction On-site solar energy production Energy efficient ovens, drying process & incineration systems reducing gas consumption IML robot with breaking energy recovery reducing electricity consumption Protected Technology Ownership Ecopeel” Artifi
Slide 55: Cidacos Making Everyday Life Easier with Orbit
Cidacos Making Everyday Life Easier with Orbit™ Orbit™ is Sonoco’s revolutionary easy-open closure for glass jars, designed for effortless opening by all. Available since 2025 in the market-leading 66mm size, it is already transforming everyday mealtimes for millions of consumers q \ G G Orbit™ is g
Slide 56: Commercial Excellence
56 Ww CONSUMER PACKAGING, EMEA/APAC Commercial Excellence Bi Drive Rapid Paper Can Growth (Cy End-to-End Targeted Marketing fac eo34 Disciplined Commercial Processes Sustainability and substrate conversion opportunities Reignite snack growth in Emerging Markets New all-paper technologies Agnostic su
Slide 57: Capital Allocation
%. CAPITAL ALLOCATION Efficient Investment in Growth & Margin Expansion Customer-backed Targeted Investment Securing and Scaling Growth Focused on Value, Cost Reduction and In Rigid Paper Packaging Productivity New 2-piece aluminum pet food line in France to and Asia for increased recyclability brin
Slide 58: Strategic Levers for Growth and Margin Expansion
Our Future is in FOCU Strategic Levers For Growth And Margin Expansion Sustainable Growth Margin Expansion Capital Allocation Private label share gains Consolidation of paper cans and metal packaging > Further international expansion > New products opening up new markets > Strategic sourcing of mate
Slide 59: Consumer Packaging Americas
Our Future is in FOCUS vw CONSUMER PACKAGING Americas ERNEST HAYNES President, Consumer Packaging, Americas 59
Slide 60: The Opportunity of Sonoco's Consumer Packaging, Americas
60 The Opportunity of Sonoco’s CONSUMER PACKAGING, AMERICAS Integrated strategy streamlines customer engagement and leverages engineering, technical services, and commercialization Our leadership position delivers reliable supply, quality, and technical support Expect industry volumes to remain stab
Slide 61: Business Overview
OF CONSUMER PACKAGING, AMERICAS SONOCO . . Business Overview Revenue Customers Employees Plants Countries ~$2.1B 865 3,250 34 5 “Earning the Right to Serve Our Customers Every Single Day” es PLZ: ® pepsico MARS lohnson Rpm REDGOLD fay suervan-wiuians
Slide 62: Category Leadership
Category Leadership Leading positions in cans for food, construction and aerosol, anchored by partnerships with top CPGs 62 VALUE PROPOSTION Consumer Packaging, Americas Resilient Growth Strategy Differentiated Capabilities Innovation as a Growth Driver World-class quality and advanced automation de
Slide 63: Serving Our Markets
SERVING OUR MARKETS Or Of OMcrr Adhesives & Sealants Caulk Cartridges
Slide 64: What We Make
2PC and 3PC Food and Aerosol Cans Food, Household Cleaners, Paints, Lubricants & Industrial Cleaners CONSUMER PACKAGI AMERICAS WHAT WE MAKE Adhesives & Sealants Caulk Rigid Tubes and Paper Cans Components Food & Beverage, Household & Household, Health Industrial & Personal Care Steel and Aluminum Co
Slide 65: Sustainability Characteristics
1O) sONOcO EY “a Metal Cans 58% Recycling Rate of Metal Cans Outstanding SUSTAINABILITY CHARACTERISTICS #1 most recycled food packaging substrate 85% Post Consumer Paper Cans Packaging contains 85% post consumer recycled content METAL foxa) Recycle orover 75% of All Steel Ever Produced is Stillin us
Slide 66: Macroeconomic Implications
66 ER PACKAGING, AMERICAS MACROECONOMIC IMPLICATIONS _2>— Tailwinds Leveraged steel buy Positive momentum in construction industry for aerosol, cleaners and cartridges Increased focus on sustainable packaging Redistributing Food Volumes Retailer channel consolidation into fewer, larger retailers and
Slide 67: Outlook: Shoppers Rebalancing Their Baskets
CONSUMER PACKAGING, AMERICAS 67 SHOPPERS REBALANCING THEIR BASKETS RATHER THAN SIMPLY CUTTING BACK Meeting Consumers Where They Are Consumer Affordability Consumer disposable income remains squeezed CPGs Focus on Stabilizing and Growing Volumes Prioritizing shelf promos smaller, more mindful meals S
Slide 68: Pricing & Margin Expansion
10} ‘SONOCO — : : > Implement value-based pricing models scene | > lmptementseietasedpcngmodet Pricing & : Drive cost-to-serve transparency to support Margin : margin expansion Expansion : > Leverage data analytics and Al tools 68 CONSUMER PACKAGING, >» Develop a unified brand narrative that Increas
Slide 69: Deep Customer Collaboration
2. DEEP Focused on Solving “ CUSTOMER Our Customers’ Challenges COLLABORATION Reduced High pack costs lead f 7 Ca, market Ly) ines Ea) functionality Can manufacturing is highly specialized and capital intensive — we have the resources Center of . . . Excellence Strong relationships woven into W/ ind
Slide 70: Customer Case Study: Bush's
SINCE 1900 =a Customer Case Study BUSH S — — BEST Integrated Strength, { avoyeusiscuey aah BAKED BEANS — G . On-Shelf Impact } FORREAL > Co-location enables Vertical cost control allows for strategic r m seamless marketing spend during tough economic ; WY collaboration, faster cycles—winning at the
Slide 71: A Well-Oiled Machine
71 A Well-Oiled Machine Atrusted partnership built on quality, culture and strategic alignment Background Sonoco became a natural partner for CRC thanks to shared values and open dialogue By elevating CRC’s packaging and delivering superior technical service, we have built on our shared foundation o
Slide 72: Customer Case Study: Brazil Health & Wellness
pe = Customer Case Study Scalable Growth Brazil: A Compounding Health & Wellness Opportunity Background Brazil is one of the fastest-growing dietary supplement markets in Latin America, valued at $4.6B and projected to grow at ~9.5% CAGR from 2025-2030. Demand is expanding beyond sports nutrition in
Slide 73: Productivity Initiatives, Quality, Safety and Training
Productivity Initiatives Quality, Safety and Training * Operational Excellence: * Train Spot.Al with operational Automating and driving training, Al vision capture to ensure productivity initiatives to improve world-class quality value and efficiency s % * - 3 ~260 $300K 5 Al ere) Sites Active Camer
Slide 74: Sustainable Growth: Our 2026 to 2028 Priorities
Sustainable Growth > Share Gains in Core Markets Through Customer Partnerships Earning The Right to Serve New Markets Entry Into Pet Care Protecting Legacy Volume Our Future is in Our 2026 to 2028 Priorities Margin Expansion Product Portfolio Mix Optimization Pricing Discipline Operational Efficienc
Slide 75: Financial Strategy & Outlook
Our Future is in FINANCIAL STRATEGY & OUTLOOK PAUL JOACHIMCZYK Chief Financial Officer ® 75 sonoco
Slide 76: Industrial Paper Packaging
INDUSTRIAL PAPER PACKAGING —® EBITDA% 1 Agj. EBITDA — EBITDACAGR $450 400 350 300 2020 2021 2022 2023 2024 2025 Growth EBITDA and Margin Expansion Capital Allocation Skjern, RTS/Chattanooga Mill * Grew Adj. EBITDA 71%, Investing in automation and Tapping new products digitization to drive and market
Slide 77: Consumer Packaging Segment
Ww CONSUMER PACKAGING SEGMENT —@ EBITDA% Adj. EBITDA a8 =e —> EBITDA CAGR 20.5% 17.3% : 14.6% 15.4% 16.0% bach 18 - _—e— 6 14 10 *% calculated : on Sales 4 including 300 2 Discontinued 200 o Operations 2020 2021 2022 2023 2024 2025 Growth EBITDA and Margin Expansion Capital Allocation Ball Metalpack
Slide 78: Results of Our Transformation
OF RESULTS OF OUR TRANSFORMATION SONOCO All Amounts Include Discontinued Operations Strategic Journey B (Billion Adj. EBITDA e Invest in ourselves Ula $1,000 SS = $600 Aligned on competitive $200 ° strengths 2020 2021 2022 2023 2024 2025 Adj. EPS Created scaled market leading businesses with the rig
Slide 79: High Cash Flow Conversion
79 HIGH CASH FLOW CONVERSION —® UFCF Conversion** Adj.EBITDA |) UFCF* 100% *Unlevered Free Cash Flow (UFCF) = (Adj. EBITDA —Capex, net) **UFCF Conversion = UFCF / Adj. EBITDA Generated $4.4B in Cash Flows* Since 2020
Slide 80: Investing in Ourselves
AG) INVESTING IN OURSELVES Targeting ~4% of Sales Near-term =@ Percent of Sales I Gross CapEx $400 7% 6 5 4 3 2 4 Strategic Investment Capacity Expansion Project Horizon Automation | Footprint Optimization Alongside Customers
Slide 81: Managing Our Balance Sheet
Slide 82: Strong Liquidity, Balance Sheet
Slide 83: Dividend Is Foundational
Slide 84: Dynamic Capital Allocation
Slide 85: Profitability Performance Plan
Slide 86: What's Next
Slide 87: Our 2026-2028 KPI Targets
Slide 88: What You Heard Today
Slide 89: Q&A
Sonoco Products Company — Q4 2025 Earnings Presentation on 6ix