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Safe Harbor
Comments Regulation G The information presented here regarding adjusted net
earnings relates to net earnings from continuing operations attributable to
the Company exclusive of items management considers not representative of
ongoing operations and does not conform to U.S. generally accepted accounting
principles (GAAP). It should not be construed as an alternative to the
reported results determined in accordance with GAAP. Management has included
this non-GAAP information to assist in understanding the comparability of
results of ongoing operations. Further, the information presented here
regarding free cash flow does not conform to GAAP. Management defines free
cash flow as cash provided by continuing operating activities less capital
spending (both as determined in accordance with GAAP) and has included this
non-GAAP information to assist in understanding the comparability of cash
flows. Management uses non-GAAP information principally for internal
reporting, forecasting, budgeting and calculating compensation payments.
Management believes that the non-GAAP presentation allows the board of
directors, management, investors and analysts to better understand the
Companys financial performance in relationship to core operating results and
the business outlook. Forward Looking Statements This document contains
"forward looking" statements within the meaning of Section 21E of
the Securities Exchange Act of 1934 and Section 27A of the Securities Act of
1933. Forward looking statements reflect the Company's current expectations
and projections about future events at the time, and thus involve uncertainty
and risk. The words believe, expect, anticipate, will, could,
would, should, may, plan, estimate, intend, predict,
potential, continue, and the negatives of these words and other similar
expressions generally identify forward looking statements. It is possible the
Company's future financial performance may differ from expectations due to a
variety of factors including, but not limited to the following: (1) foreign
currency fluctuations relative to the U.S. dollar, specifically the Euro,
Brazilian Real and Australian Dollar, (2) changes in capital availability or
cost, including interest rate fluctuations and the ability of the Company to
refinance debt at favorable terms, (3) the general political, economic and
competitive conditions in markets and countries where the Company has
operations, including uncertainties related to economic and social
conditions, disruptions in capital markets, disruptions in the supply chain,
competitive pricing pressures, inflation or deflation, and changes in tax
rates and laws, (4) consumer preferences for alternative forms of packaging,
(5) cost and availability of raw materials, labor, energy and transportation,
(6) the Companys ability to manage its cost structure, including its success
in implementing restructuring plans and achieving cost savings, (7)
consolidation among competitors and customers, (8) the ability of the Company
to acquire businesses and expand plants, integrate operations of acquired
businesses and achieve expected synergies, (9) unanticipated expenditures
with respect to environmental, safety and health laws, (10) the Companys
ability to further develop its sales, marketing and product development
capabilities, and (11) the timing and occurrence of events which are beyond
the control of the Company, including any expropriation of the Companys
operations, floods and other natural disasters, events related to
asbestos-related claims, and the other risk factors discussed in the
Companys Annual Report on Form 10-K for the year ended December 31, 2013 and
any subsequently filed Annual Report on Form 10-K or Quarterly Report on Form
10-Q. It is not possible to foresee or identify all such factors. Any forward
looking statements in this document are based on certain assumptions and
analyses made by the Company in light of its experience and perception of
historical trends, current conditions, expected future developments, and
other factors it believes are appropriate in the circumstances. Forward
looking statements are not a guarantee of future performance and actual
results or developments may differ materially from expectations. While the
Company continually reviews trends and uncertainties affecting the Company's
results of operations and financial condition, the Company does not assume
any obligation to update or supplement any particular forward looking
statements contained in this document. Presentation Note Unless otherwise
noted, the information presented in this presentation reflects continuing
operations only. 1
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