1. Company Presentation
Constantia Flexibles
People Passion Packaging

2. Constantia Flexibles at a glance
Constantia Flexibles is one of the world's leading manufacturers of flexible packaging
3 divisions
Serves multinational corporations and local market leaders
#2 in Europe, #4 globally
€1.7 bn in sales*
42 production plants in 18 countries
115 sales countries
Founded in 1994
Headquartered in Vienna, Austria
>3,000 customers
Shareholders: Wendel Group (73%), H. Turnauer Stiftung (27%)
>8,000 employees
* Pro forma sales 2013 are adjusted for full year revenues of acquisitions (sales impact: EUR 57 million)

3. Plants in North America Plants in Emerging Markets
Global production network
42 plants in 18 countries
Production Sites
Sales Offices 3 6 11 6 10 3
Plants in North America
Plants in Europe
Plants in Emerging Markets

4. Sales by region and division in 2013
Sales by division
Asia
Middle East & Africa
Pharma
Europe
Labels
Food
Americas

5. Management Board Thomas Unger Peter Frauenknecht Dr. Gerold Riegler
(Chief Executive Officer)
Peter Frauenknecht
(Chief Financial Officer)
Dr. Gerold Riegler
(Chief Operating Officer)
Franz Reiterer
(Chief Sales Officer Food)

6. (Food Emerging Markets)
Executive Committee – Executive Vice Presidents
Stefan Bogoll
(Food North America)
Stefan Grote
(Food Europe)
Friedrich Humer
(Food Emerging Markets)
Walter Ometto
(Pharma)
Mike Henry
(Labels)

7. Flexible packaging – what we offer
Flexible Packaging is the manufacture and supply of thin and flexible plastic films, aluminium foils and papers. Used solely or in combination for direct and non-direct primary & secondary packaging for food and non-food products, retail, industrial and healthcare applications.

8. The 4 Ps of packaging – at the heart of our business
Preservation
Ensures optimal condition and longer shelf life
Barrier functions against UV light, moisture, oxygen, and seal integrity
Protection
Puncture resistance
Burst strength
Tamper evidence
Transportability
Hygiene standards
Customers
Growth
Promotion
Promotional text
Design & shape
Customer convenience (microwaveable, heatable)
Functionality (easy to handle, carry, open, etc.)
Presentation
Format
Ergonomics
Portion size
Essential information
Employees
Society & environment

9. Our core values
Customers
Growth
Employees
Society & environment

10. Our core values Customers Growth Employees Society & environmentx
We focus on innovation and quality to make our customers more successful
We expand globally with our customers and create value for all stakeholders
Customers
Growth
We have an international team based on an corporate culture of trust, excellence and performance
We balance economic success with environmental and social responsibility
Employees
Society & environment

11. Our customer benefits Complete range of solutions
Experienced people with passion for packaging
Unrivaled customer service
Continuous innovation
Global production network
Integrated production
Long-term partnerships with customers

12. Broad portfolio of leading products for primary food packaging
Food solutions
Dairy
Lidding die cut
Processed food
Dried food laminates
Lidding reel-fed
Coffee laminates
Confectionery
Confectionery foil
Processed meat
Alu-container systems
Confectionery film
Pet food bags/pouches
Snacks
Salted snack laminates
Sweet snack laminates
Broad portfolio of leading products for primary food packaging

13. Broad portfolio of tailor-made products for Pharma and HPC
Pharma solutions
Pharma
Coldform foil
Home & Personal Care
(HPC)
Sachet foil
Blister lidding foil
Wipe film
Strip pack & suppository foil
Doypack foil
Sachet foil & laminate
Bag-on-Valve laminate
Stick pack foil
Broad portfolio of tailor-made products for Pharma and HPC

14. Labels solutions Aluminum lid labels for beverage cans Paper labels
Beer, Wine & Spirits
Paper labels
Soft drinks & Water
Aluminum lid labels for beverage cans
Pressure sensitive labels
Paper labels
Aluminum foil bottle neck
Wrap around labels
Shrink sleeves
In-Mould labels
In-Mould decoration
In-Mould with functionality
Targeted product offering focusing on the global beverage labels market

15. Unrivaled customer service
We manage for our clients:
Improving sustainability performance
Packaging trends
Food & beverage contact
legislation
Packaging engineering
Logistics

16. Long-term partnerships with customers
More than ten years relationship with the top 10 customers in all three divisions

17. Raw material sourcing and rolling
Integrated production
Raw material sourcing and rolling
Lacquering /
Lamination /
Extrusion
Printing / Cutting
Finishing /
Aftermarket
Service
Strategic base material supply within the group
Distinctive know-how
Selected specialty film extrusion
State-of-the-art aluminum foil rolling facility
Highly efficient lacquering, coating and lamination
In-house lacquer development
UV flexo printing including in-line coating
Roto gravure printing incl. in-line lamination
Wide web conventional flexo printing
Offset printing for paper and film
Highly optimized die- cutting and deep- drawing facilities
Bag & pouch making
We manage the entire value chain – ensuring high quality, quick response times, reliability & flexibility

18. Quality and product safety
Group quality standards – key elements
All sites have implemented a Quality Management System
Specifically certified systems in dedicated plants
Full traceability of raw materials and processes
Raw materials only from approved suppliers
Implemented risk management
Fulfilment of legal requirements
Well-equipped quality labs at our sites
Full compliance with customer specifications

19. Continuous innovation through formal process
Technology-driven (push) innovation
Innovation throughout the product life cycle
Idea
Feasibility study
Product development
Marketing & performance analysis
Customers
“CF Customer Academy” for training clients’ staff in flexible packaging
70 R&D personnel
Application engineers
Product managers
Social macro trends (Sustainability, convenience, differentiation, high functionality, barrier protection)
Customer-driven (pull) innovation

20. Competence centers State-of-the-art competence centers for
Polymer films & film laminates
Aluminum & foil laminates
Labels (planned)
First technical contact to our suppliers to stimulate in- house developments
In- and external consultant in the right raw material selection
Analytical capabilities
Lab equipment to produce small samples and mock-ups
Microscopy lab
Wet chemistry lab
Lab laminator
Co-extrusion pilot line

21. Innovative product examples
DieCut
DryFoil
SpearRC
New generation cup-lock system with self-developed co-extrusion
Increased production safety
Cost reduction vs today’s standard specification
Sustainability support (e.g. 50% aluminum reduction)
Reliable protection against moisture cross-diffusion
Shelf life extensions
Reliable system compatibility
PVC-free structure
High absorption capacity
Recyclable pressure-sensitive label alternative for PET bottles
Cost-effective recycling solution

22. 12x 20 Innovation awards More than EAFA Alufoil trophies (2012-2014)*
International awards in the last 5 years
More than
12x 20
*CFlex won the Alufoil Trophy that rewards the use of aluminum foil and aluminum closures in all its many forms and uses. Example: HiperWrap was awarded in 2013 in the category “Product Preservation”.

23. Our core values
Customers
Growth
Employees
Society & environment

24. Strong market position in attractive segments
Global #1
Confectionery foil
Die-cut lidding
Alu-container systems
Global #2
Reel-fed lidding
Global #2
Blister lidding foils
Coldform foils
Global #1
Beer labels (film and PSL, foil and paper)
In-mould labels
Every second beer on the planet has a Constantia Label “ ”
~60% of sales in attractive markets, where Constantia commands a #1 or 2 position

25. Success story of continuous growth
From a leading European supplier…
Network of medium-sized companies
Business focus on Europe
Mainly export sales
Supplier of packaging materials with focus on aluminum
…to a global player
A group with a mission and a clear strategy
Realizing global growth opportunities
Multi-domestic production
Solution provider with comprehensive material competence
Sales
€1.0bn
2005
2010
2013
E 2020
Growth through M&A and organic growth
€0.7bn
€1.7bn**
CAGR*: 12.2%
* CAGR including 2013 acquisitions of Globalpack, Spear and Parikh Packaging ** Pro forma sales 2013 are adjusted for full year revenues of acquisitions (sales impact: EUR 57 million)

26. Total investments 2011–2013: € 444 mn
Investing for our customers
Total investments 2011–2013: € 444 mn
CAPEX* 51%
Acquisitions 49%
Lacquering and Laminations Plant: Constantia Patz (AT)
Offset Printing Machines: Verstraete in mould labels (BE)
UV Flexoprinting Machine: Constantia Blythewood (USA)
Flexo Printing line: Constantia Aluprint San Luis Potosí (MEX)
Converting Center (Double Lacquering and Lamination Plant, Downstream Rotogravure Printing): Constantia Teich (AT)
Rotogravure Printing Machines: Constantia Hueck Folien (DE), Constantia Ebert (DE), Constantia Teich Poland(PL)
Major CAPEX projects
Major acquisitions
Asaş, TR (2011)
Parikh, IN (2013)
Spear, USA (2013)
Globalpack, MX (2013)
* Capital Expenditures

27. Global trends drive demand for flexible packaging
Factors driving demand
Flexible packaging solutions
Urbanization
Demand for packed food with longer shelf lives
From large to small families
Packaged food
Emerging
middle class
Purchase based on social demands
Premium brand packaging
Premium products
Demand for premium and functional packaging
Significance of marketing / branding
Premium and convenient packaging
Health
Ageing society demands pharma products
Health standards in emerging markets rise
Pharma packaging
Sustainability
Smaller carbon footprint
Reduction of material thickness, etc.
Environmentally friendly
packaging

28. Our strategy for long-term profitable growth
Strengthening customer relations with multinational companies
Consolidation and extension of European market leadership
Realizing selected growth opportunities in North America
Expansion in the fastest-growing emerging markets
Maximization of Group synergy and optimization of operational performance
Strong relationships with international corporations
Established technological know-how
Targeted acquisitions in growth sectors and regions
Efficient production sites and processes    
Strong foundation gives us competitive advantage

29. Our core values
Customers
Growth
Employees
Society & environment

30. Sustainability
“Sustainability means balancing economic success with environmental and social responsibility. This strategy ensures long-term success.”
Thomas Unger, Chief Executive Officer
Corporate carbon footprint goal
By 2012 Constantia Flexibles already achieved three-quarters of its goal to reduce CO2* emissions by 40% from 2005 to 2023.
Progress in reduction of CO2-emissions per produced m²
100%
70%
Reduction of about 30%
2005
2012
Product & Process Sustain- ability
Integrating the whole Supply Chain
* Related to m2 output, calculation based on Scope 1 and Scope 2 as defined by the Greenhouse Gas Protocol Initiative

31. Committed to a responsible policy
Economic responsibility
Environmental responsibility
Social responsibility
Systematic risk management
Compliance guidelines
Comprehensive quality management
Environmentally friendly and resource-sparing production technology, materials and ingredients
Ethical sourcing (member of SEDEX)
Reduction of environmental pollu- tion, waste & greenhouse gases
Extensive measures to protect human rights
Zero tolerance of discrimination against employees
Social outreach project for disadvantaged groups
Group Social Award for outstanding achievement
Our sustainability policy focuses on our responsibility to the environment and our neighbors

32. Transparency along the entire supply chain
Full disclosure of our CSR KPIs at selected platforms for our stakeholders
Aims at improving environmental and social practices by leveraging the influence of global supply chains
Two objectives of EcoVadis:
Improve performance combining innovative information technologies with shared service expertise on sustainable procurement
Reduce costs associated with suppliers’ CSR performance monitoring
Enables companies to
Quickly determine their supply chain footprint
Encourage and support suppliers to measure and manage material business issues
Communicate with them on their performance over time
Drive long shared value for the business

33. Our ethical principles
Endorsing SEDEX’ ethical standards
Part of Aluminum Stewardship Initiative (ASI)
Non-profit member platform dedicated to improving ethical supply standards along the value chain
SEDEX focuses on 4 areas
Labor standards
Health & safety
Environment
Business integrity
Tools for exchanging information include standardized questionnaires and audits (SMETA = Sedex Members Ethical Trade Audit)
Non-profit initiative to foster greater sustainability and transparency throughout our industry
ASI tries to mobilize a broad base of stakeholders to establish and promote responsible leading practices
Across the aluminum value chain
In business ethics
In environmental and social performance
Bauxite mining
Refining
Aluminum smelting
Further processing
Recycling

34. We are committed to integrating social activities at all our sites
The Group Social Award
We are committed to integrating social activities at all our sites
We encourage our employees to support social projects, especially in Constantia’s immediate neighborhoods and annually award the best projects.
Restoration of Elementary School in Guanos, Mexico
Cooking for the homeless at VinziRast house in Vienna, Austria
Help for schools and kindergartens in Poland
Free employee counseling in private or professional problems in Austria
Collaborative art book of mentally disturbed people in the US
Internships for young people with disabilities in Poland

35. Our core values
Customers
Growth
Employees
Society & environment

36. Our employees x 2.9 Number of employees by region (year-end) 8,093
Thereof approx. 7,000 in production
2,821

37. Learning & development Rewards & fringe benefits
Experienced people with passion for packaging
An attractive employer with a corporate culture focused on employee development
Culture & respect
Work beyond country borders
Foster proximity and openness
Encourage international transfers
Hiring the best candidates through structured processes
Develop employees’ skills and performance based on three core competencies: Driving customer value, fostering collaboration, passion for results
Strategic talent management
Learning & development
Design our reward and compen- sation system in order to:
Foster motivation and competitiveness
Increase performance- orientation
Rewards & fringe benefits

38. Our employees live operational excellence
Goal of attaining operational excellence at all facilities
Increased efficiency through:
Efficiency programs such as the Continuous Improvement Process
Annual CIP prizes for individual projects and the Group’s best site
Lean manufacturing programs (incl. waste reduction, increased production speed, etc.)
Introduction of best practices through roll- out of successful projects from one facility to all others
Operational excellence is attained when every employee understands how to create value for our customers