Today's presentation contains a number of forward-looking statements based on current expectations, estimates and projections. These statements are not guarantees of future performance and are subject to certain risks and uncertainties. Therefore, actual results may differ materially.
Information about the Company's use of non-GAAP financial measures, why management believes presentation of non-GAAP financial measures provides useful information to investors about the
Company's financial condition and results of operations, and the purposes for which management uses non-GAAP financial measures is included in the Company's Annual Report and on the Company's website at sonoco.com under Investor Relations, Webcasts & Presentations, Non-GAAP Reconciliations for Q2 2022 Earnings Presentation.
Pursuant to the requirements of Regulation G, the Company has provided definitions of the non- GAAP measures discussed during this presentation as well as reconciliations of those measures to the most closely related GAAP measure on its website at sonoco.com.
This presentation does not constitute the solicitation of the purchase or sale of any securities.
2
Today's Attendees
HOWARD COKER
ROB DILLARD
RODGER FULLER
LISA WEEKS
President & CEO
Chief Financial Officer
Chief Operating Officer
VP of IR & Communications
3
Q2-22 Overview
Strong quarterly results
Continued benefits from ongoing strategic pricing actions
Continued strong Sonoco Metal Packaging performance
Relative stability in volume/mix
Year-over-yearrevenue growth of ~38%
Continued solid execution against a dynamic macro environment backdrop
Managing ongoing supply chain and inflationary challenges
Strategically investing to secure supply and support customers
Expanded base EBITDA margins to 16.0% from 13.7% in Q2-21
Grew base earnings per share to $1.76, an 89% year-over-year increase
Raised full-year base earnings per share guidance to $6.20 - $6.30
Allocating capital for internal investments and recurring dividends to shareholders
4
EPS Summary 2nd Quarter: 2022 Vs. 2021
GAAP EPS
$
Addback for:
Acquisition related costs, net
$
LIFO Reserve change
$
Acquisition Intangibles Amortization expense
$
Restructuring, net
$
Non-Operating Pension Costs
$
Other Items
$
Base EPS
$
2nd Quarter
Year to Date
2022
2021
2022
2021
1.33
$
(3.34)
$
2.50
$
(2.60)
0.09
$
0.01
$
0.47
$
0.09
0.05
$
-
$
0.19
$
-
0.16
$
0.09
$
0.30
$
0.19
0.10
$
(0.02)
$
0.21
$
0.03
0.01
$
4.10
$
0.02
$
4.14
0.02
$
0.09
$
(0.06)
$
0.08
1.76
$
0.93
$
3.61
$
1.93
5
NOTE: Due to rounding individual items may not sum down
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Sonoco Products Co. published this content on 21 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2022 11:23:02 UTC.
Sonoco Products Company is a sustainable global packaging company. The Company's segments include Consumer Packaging and Industrial Paper Packaging. The Consumer Packaging segment's products consist of rigid packaging (paper, metal, and plastic) and flexible packaging, primarily serving the consumer staples market focused on food, beverage, household, and personal products. Its rigid plastic products are comprised of thermoformed plastic trays and enclosures for fresh produce, condiments, and pre-packaged foods. Its flexible packaging is comprised of plastic packaging serving a variety of food and personal product applications. The Industrial Paper Packaging segment's products consist of goods produced from recycled fiber including paperboard tubes, cores, cones and cans; partitions; paper-based protective materials, and uncoated recycled paperboard. Its other businesses consist of a variety of packaging materials including plastic, paper, foam, and various other specialty materials.
SONOCO PRODUCTS COMPANY 
