Ball : 2024 Investor Day Slides

Leading our next chapter.

2024 Investor Day, New York, NY

Ball Corporation Investor Day - June 18, 2024

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Dan Fisher

Chairman & CEO

Our Purpose. Our Promise.

Ball Corporation Investor Day - June 18, 2024

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Forward-Looking Statement

This presentation contains "forward-looking" statements concerning future events and financial performance. Words such as "expects," "anticipates," "estimates," "believes," and similar expressions typically identify forward looking statements, which are generally any statements other than statements of historical fact. Such statements are based on current expectations or views of the future and are subject to risks and uncertainties, which could cause actual results or events to differ materially from those expressed or implied. You should therefore not place undue reliance upon any forward-looking statements, and they should be read in conjunction with, and qualified in their entirety by, the cautionary statements referenced below. Ball undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key factors, risks and uncertainties that could cause actual outcomes and results to be different are summarized in filings with the Securities and Exchange Commission, including Exhibit 99 in Ball's Form 10-K, which are available on Ball's website and at www.sec.gov. Additional factors that might affect: a) Ball's packaging segments include product capacity, supply, and demand constraints and fluctuations and changes in consumption patterns; availability/cost of raw materials, equipment, and logistics; competitive packaging, pricing and substitution; changes in climate and weather and related events such as drought, wildfires, storms, hurricanes, tornadoes and floods; footprint adjustments and other manufacturing changes, including the startup of new facilities and lines; failure to achieve synergies, productivity improvements or cost reductions; unfavorable mandatory deposit or packaging laws; customer and supplier consolidation; power and supply chain interruptions; changes in major customer or supplier contracts or loss of a major customer or supplier; inability to pass through increased costs; war, political instability and sanctions, including relating to the situation in Russia and Ukraine and its impact on Ball's supply chain and its ability to operate in Europe, the Middle East and Africa regions generally; changes in foreign exchange or tax rates; and tariffs, trade actions, or other governmental actions, including business restrictions and orders affecting goods produced by Ball or in its supply chain, including imported raw materials; and b) Ball as a whole include those listed above plus: the extent to which sustainability-related opportunities arise and can be capitalized upon; changes in senior management, succession, and the ability to attract and retain skilled labor; regulatory actions or issues including those related to tax, environmental, social and governance reporting, competition, environmental, health and workplace safety, including U.S. Federal Drug Administration and other actions or public concerns affecting products filled in Ball's containers, or chemicals or substances used in raw materials or in the manufacturing process; technological developments and innovations; the ability to manage cyber threats; litigation; strikes; disease; pandemic; labor cost changes; inflation; rates of return on assets of Ball's defined benefit retirement plans; pension changes; uncertainties surrounding geopolitical events and governmental policies, including policies, orders, and actions related to COVID-19; reduced cash flow; interest rates affecting Ball's debt; successful or unsuccessful joint ventures, acquisitions and divestitures, and their effects on Ball's operating results and business generally.

Non-U.S. GAAP Measures

Non-U.S. GAAP measures should not be considered in isolation. They should not be considered superior to, or a substitute for, financial measures calculated in accordance with U.S. GAAP and may not be comparable to similarly titled measures of other companies. Presentations of earnings and cash flows presented in accordance with U.S. GAAP are available in the company's earnings releases and quarterly and annual regulatory filings. Information reconciling forward-looking U.S. GAAP measures to non-U.S. GAAP measures is not available without unreasonable effort. We have not provided guidance for the most directly comparable U.S. GAAP financial measures, as they are not available without unreasonable effort due to the high variability, complexity and low visibility with respect to certain special items, including restructuring charges, business consolidation and other costs, gains and losses related to acquisition and divestiture of businesses, the ultimate outcome of certain legal or tax proceedings and other non- comparable items. These items are uncertain, depend on various factors and could be material to our results computed in accordance with U.S. GAAP.

Ball Corporation Investor Day - June 18, 2024

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Today's

agenda.

Noon	Dan Fisher, Chairman & CEO
	Our Purpose. Our Promise.
	Howard Yu, EVP & CFO
	Achieving Our Opportunity.
	Carey Causey, SVP & Chief Growth
	Officer
	Actively Listening to Our Customers.
	Ron Lewis, SVP & Chief Supply
	Chain and Operations Officer
	Pursuing Our Operational Excellence.
	Dan Fisher, Chairman & CEO
	CEO Closing Comments.
1:30 pm	Break
1:45 pm	Q&A Session
2:30 pm	Conclude Event

Ball Corporation Investor Day - June 18, 2024

All times in Eastern Time

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Executive leadership team.

				Selected Previous
				Experience:
Dan Fisher	Howard Yu	Carey Causey	Ron Lewis	Mandy Glew
Chairman & CEO	EVP & CFO	SVP & Chief Growth	SVP & Chief Supply Chain	SVP & President, Beverage
With Ball since 2010	With Ball since 2023	Officer	& Operations Officer	Packaging Europe, Middle
		With Ball since 2014	With Ball since 2019	East, and Africa
				With Ball since 2020
Hannah Lim-Johnson	Kathleen Pitre	Dan Rabbitt	Stacey Valy	Fauze Villatoro
SVP & Chief Legal Officer	SVP & President,	SVP & Corporate	Panayiotou	SVP & President,
and Corporate Secretary	Beverage Packaging	Planning & Development	SVP & Chief Human	Beverage Packaging
With Ball since 2023	North & Central America	With Ball since 2004	Resources Officer	South America
	With Ball since 2003		With Ball since 2021	With Ball since 2007

Logos may be registered trademarks of their respective owners

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Ball Corporation Investor Day - June 18, 2024

Positioned for exceptional value creation.

• We are a focused global aluminum packaging company.
• Aluminum is winning, sustainability remains a tailwind.
• Our Ball Business System is in motion.
• We are financially de-risked.
• We strongly believe our algorithm is consistently achievable and drives long-termvalue creation.
• Our operations team is pursuing operational excellence to provide fuel for growth.
• Our growth team is listening to the voice of the customer and partnering with the best to win.
• We care, we work and we win together.

Ball Corporation Investor Day - June 18, 2024

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The world looks different. So do we.

Purposefully "all in" on aluminum to shape a more sustainable future for ourselves and the planet.

Ball Corporation Investor Day - June 18, 2024

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Ball Corporation at a glance.

Global beverage can	30%
penetration.*
			EMEA
			40%
			North and
	6%		Central America
28%	Ball's Net
	Sales	50%
	By Segment		27%
	16%
NCA	SA EMEA	Other	South America

Founded:

1880

Employees:

16,000

Locations:

60+ Aluminum Packaging Facilities

Headquarters:

Westminster,

CO USA

Stock Symbol:

NYSE:BALL

2023 Net Sales:

$12.1 Billion

*Can penetration represents industry rates for beer, CSD and energy drink categories; Europe Middle East & Africa include India & Myanmar, South America represents Brazil, Argentina and Chile only. Sources: management estimates and Global Data, see datasheet posted on ball.com/investors for map of Ball locations and regional data.

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Our competitive advantages.

Bringing Our Scale	The Power of		The Unmatched Talent
to Sustainability	Partnerships		of Our People
When we couple our scale as industry	Our strategic	partnership,	innovation,	We are smart, agile and capable as a company
leader & unrivaled global footprint, and our	sustainability,	and dependable	customer	because of the diverse people we bring
capabilities in sustainability around the	service set us apart. We actively listen to	together at Ball. With unmatched technical
circularity of aluminum - we provide	customers' needs to develop innovative	skills, we drive operational excellence that sets
unparalleled value to our customers,	solutions that make their goals a reality.	us apart. We are collaborative, hard-working,
advancing our potential to make a real	Simplifying the complex math of circularity, we	genuinely caring and interested - and we bring
impact in the world.	help customers tackle their trickiest	this humble yet hungry attitude to our work
	sustainability challenges, unlocking value that	each day because we share a passion to
	enables us to win alongside our customers.	contribute to something greater.

Ball Corporation Investor Day - June 18, 2024

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Our Purpose. Our Promise.

We exist to unlock the infinite potential of aluminum to advance a world free from waste.

We care … We work … We win

Ball Corporation Investor Day - June 18, 2024

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We care.

Ball Corporation Investor Day - June 18, 2024

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We work.

The Ball Business System.

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Listening to the voice of the customer.

Activating our growth organization

• Leveraging innovation and scale for sustainability.
• Actively listening to customers.
• Partnering to win with the winners.
• Providing speed and agility for growth.

Ball Corporation Investor Day - June 18, 2024

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Pursuing operational excellence.

Creating fuel for growth.

• Enabling common processes and codified procedures.
• Leveraging our scale.
• Maximizing our resources.
• Continuously improving to optimize results.

Ball Corporation Investor Day - June 18, 2024

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Compounding long-term value creation through capital allocation.

• Commitment to share repurchases and dividends.

• Opportunistic M&A at the right price and in support of aluminum packaging.

• Grow organically within GAAP D&A levels.

Ball Corporation Investor Day - June 18, 2024

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We win.

30x30

$30B

Market Cap

by 2030

2029

2028

2027

2026

2025

2024

$21B

Ball Corporation Investor Day - June 18, 2024

Aspirational opportunity of $30B market capitalization assumes successful execution of Ball EPS algorithm and no further multiple expansion.

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Repositioning ourselves for long-term success.

Ball Corporation Investor Day - June 18, 2024

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Our collective leadership makes all the difference.

• When Ball wins, we all win.
• We have the playbook and team to lead us forward.
• Let's write our next chapter-of going from good to great.

Ball Corporation Investor Day - June 18, 2024

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Howard Yu

EVP & CFO

Achieving Our Opportunity.

Ball Corporation Investor Day - June 18, 2024

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Leading as Ball's CFO

Achieving our opportunity.

Ball Corporation Investor Day - June 18, 2024

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