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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 Company’s
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 Company’s 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 Company’s 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 Company’s operations, floods
and other natural disasters, events related to asbestos-related claims, and
the other risk factors discussed in the Company’s Annual Report on Form 10-K
for the year ended December 31, 2014 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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