Sonoco Products Company · NYSE:SON
Sonoco Products — 2025 Seaport Research Partners Annual Summer Investor Conference
23 slides from Sonoco Products's conference presentation, Aug 19, 2025
Slide 1: 2025 Seaport Research Partners Annual Summer Investor Conference
2025 Seaport Research Partners Annual Summer Investor Conference August 2025
Slide 2: 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 3: Looking Forward: The New Sonoco
Looking Forward: The New SONOCO Proforma 2025 Sales $7.75 - $8.0B * Employees 23,400 Plants 285 Countries 40 3 *Includes 1Q of TFP and full year ThermoSafe
Slide 4: Value-added Packaging
Value-added Packaging Principles Central To Where We Play Advanced Market Material Science Dynamics High Product Large / Global Functionality Customers Continuous Process Manufacturing How We Win Guiding Principle Serving Operational Innovation Culture People Build Customers Execution Businesses 4
Slide 5: Portfolio Realignment
Portfolio Realignment We Have Aligned Our Portfolio With Our Value-added Packaging Competitive Strengths TFP ThermoSafe Industrial Paper Packaging Sonoco Metal Packaging Rigid Paper Containers (Divested) (Divest) Advanced Material Science High Product Functionality Continuous Process Manufacturing L
Slide 6: Continuing the Transformation Journey
Continuing the Transformation Journey Second Quarter Actions Preparing ThermoSafe for second half process Further optimizing operations network and support organizations • Actioned $20 million in annual cost savings associated with stranded cost • Lower cost structure to serve our Divested Thermofor
Slide 7: Metal Packaging and Industrial Drive Improvement
Revenue Q2 2025 Results Q2 Highlights Summary $1.91B • Strong top-line and bottom-line growth Up 49%* • Metal Packaging Global macroeconomic pressures and seasonal factors impacted demand and Industrial Total Adjusted Operating Profit • Consumer Packaging sales up 110%, Adjusted EBITDA Drive up 115%
Slide 8: SMP US Growth, EMEA Acquisition Drives Strong Consumer Results
SMP US Growth, EMEA Acquisition Drives Strong Consumer Results Sales ($M)1 Adj. EBITDA ($M) 2 Consumer Segment: +110% +115% Q2-25 Results $1,227 $213 • Higher volumes and favorable price drove strong performance from Metal Packaging U.S $583 $99 17% • Global Rigid Paper saw unfavorable price/cost an
Slide 9: SMP North America: Scaled & Advantaged Metal Packaging Business
SMP North America 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 MSD* volume growth. Revenue Revenue Growth • Addressable markets such as Wet Pet and Personal Care ar
Slide 10: Metal Packaging EMEA (Eviosys)
Eviosys Metal Packaging EMEA • Metal Packaging EMEA (Eviosys) is the leading manufacturer of Metal Food cans and ends, Aerosols, Vacuum Closure and Promotional packaging in Europe. • Business operates 44 production facilities in 18 countries with 6,300 employees • Produces 33 billion products annual
Slide 11: Rigid Paper Containers: Global Leader in a Growing Space
Rigid Paper Containers Global Leader in a Growing Space FY 2024 Results Long Term Outlook Business Profile 1961 • Leading Positions in Markets with Outstanding Brands Established $1.5B MSD* • Existing Products in New Geographies & New Products in New Markets Revenue Revenue Growth • Strong Innovatio
Slide 12: Margin Protection Drives Industrial Improvement
Margin Protection Drives Industrial Improvement Sales ($M) Adj. EBITDA ($M) -2% +16% Industrial Segment: $601 $588 113 Q2-25 Results 98 • Favorable price in Global Paper and Reels partially offset by unfavorable 19% volume/mix 16% • Selling prices increased due to higher TBC index and lumber costs w
Slide 13: Industrial Paper Packaging
Global Segment Industrial Paper Packaging FY 2024 Results Long Term Outlook Business Profile 1899 • Technical Service Leadership Established ~$2.4B LSD* • Superior Quality and Performance Revenue Revenue Growth • Leading Positions in Target Markets with Market Leaders 5.1K • Organic and Geographic G
Slide 14: Delivering On Cost Savings
Delivering On Costs Savings Sales ($M) Adj. EBITDA ($M) All Other Segment: Q2-25 Results 0% -8% 95 95 17 16 • Higher volumes in Thermosafe partially offset by volume softness in Industrial Plastics • Favorable purchasing and fixed productivity 18% 17% • Execution on S&A and fixed costs control Q2 20
Slide 15: Full Year Financial Outlook
Update 2025 Guidance Full Year Net Revenue Maintained $7.75 - $8B Financial Outlook Adjusted EBITDA Maintained $1.3B - $1.4B Upside/Downside Risk Weaker US Dollar Price/Cost Outlook Adjusted EPS Updated ~$6.00 Fixed Cost Controls Sales Volumes Operating Cash Interest Expense Updated ~$800 Flow Net W
Slide 16: Investing In Ourselves
Investing In Ourselves Gross Capital Spending YTD Upfitting Automation For Growth Projects $188 Million Productivity Savings • Project $360 million for 2025 • $30 million investment for • Autonomous forklifts and adhesive & sealants tubes robotic assembly (Jackson, TN) • Projected productivity ~$65M
Slide 17: New Consumer Growth Projects
New Consumer Growth Projects RPC launching new SMP U.S. projecting 12% all-paper and paper- SMP EMEA food can/15% aerosol bottom cans Growth Projects growth in 2025 for substituting for plastic packaging in Europe 17
Slide 18: Why Invest In Sonoco?
Why Invest In Sonoco? Demonstrated track-record We have #1 global of leveraging our competitive positions in all three of strengths to grow and Strong cash Capital allocation strategy our core franchises improve profitability flow conversion oriented to shareholders • Metal and Paper Cans, • 10% CAG
Slide 19: Investor Relations Contact
& Roger Schrum Interim Head of Investor Relations Email: roger.schrum@sonoco.com Office Phone: 843-339-6018 Mobile Phone: 843-615-8650 19
Slide 20: P&L Summary (Adjusted) | Second Quarter: 2025 vs. 2024
P&L Summary (Adjusted) | Second Quarter: 2025 vs. 2024 (Dollars in millions) Better / (Worse) 2025 2024 $ % Net sales $ 1,910 $ 1,279 $ 631 49.3 % Gross profit 407 284 123 43.3 % SG&A Expenses (160) (142) (18) (12.7)% Operating profit $ 247 $ 142 $ 105 73.9 % Other non-operating expense (6) — (6) (1
Slide 21: Sales and Adj. EBITDA Bridge | Second Quarter: 2025 vs. 2024
Sales and Adj. EBITDA Bridge | Second Quarter: 2025 vs. 2024 (Dollars in millions) Sales Consumer Industrial All Other DO/Stranded Adj. Total Q2 2024 Sales $583 $601 $95 $0 $1,279 Volume / Mix 24 -25 1 0 (0) Price 15 30 1 0 45 Acq / Divestitures 585 -13 0 0 573 FX / Other 20 -5 -1 0 14 Q2 2025 Sales
Slide 22: Segment Analysis | Second Quarter: 2025 vs. 2024
Segment Analysis | Second Quarter: 2025 vs. 2024 (Dollars in millions) Net Sales1 Segment Operating Profit1 2025 2024 % Chg 2025 2024 % Chg Consumer Packaging $ 1,227 $ 583 110.5 % $ 160 $ 74 116.8 % Industrial Paper Packaging 588 601 (2.1)% 81 67 21.3 % All Other 95 95 0.2 % 13 14 (5.5)% Total Sono
Slide 23: Balance Sheet
Balance Sheet (Dollars in millions) 6/29/2025 12/31/2024 Change $ Cash and cash equivalents $ 330 $ 431 $ (101) Trade accounts receivable, net of allowances 1,056 908 148 Other receivables 212 176 36 Inventories 1,283 1,016 267 Prepaid expenses 156 197 (41) Current assets of discontinued operations
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