SUPPLEMENTAL SCHEDULES

Third Quarter 2018

NYSE: BMS

SAFE HARBOR STATEMENT

This presentation includes forward-looking statements within the meaning of the Safe Harbor provisions of the Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements relating to the expected future performance of the Company and its objectives, expectations, and intentions for the future. These forward-looking statements are based on the current beliefs and expectations of Bemis Company's management and are subject to risks and uncertainties. The forward-

looking statements speak only as of the date of this presentation, and Bemis Company does not undertake to update such statements to reflect changes that occur after that date. There are a number of factors that could cause actual results to differ from those

set forth in the forward-looking statements. These factors include, but are not limited to: general economic conditions, competitive conditions in our markets, the cost and availability of raw materials, and our ability to pass these price changes on to our customers. These and other risks, uncertainties, and assumptions are identified from time to time in our filings with the Securities and Exchange Commission including our

most recent Annual Report on form 10-K and our quarterly reports on Form 10-Q. Such reports are available on the website of the Securities and Exchange Commission (www.sec.gov).

Q3 2018 HIGHLIGHTS

Solid performance in Q3

financial performance metrics in-line with management's internal expectations

  • • Versus the prior third quarter:

    • • Adjusted EPS increased 10% to $.77 per share

    • • Operating cash flow increased to $142.3 million from $99 million

    • • Continued margin expansion in Latin America and RoW segments

  • • All aspects of Agility are on pace (fix, strengthen, grow)

  • • 2018 EPS Guidance: $2.77 - $2.82

    • • Maintained midpoint pf $2.80 as compared to July guidance

  • • 2018 Operating Cash Flow Guidance: $410 - $430 million

    • • Maintained range as compared to July guidance, despite incremental transaction cash costs (related to Amcor combination) of ~$12 million, due to strong cash flow expectation in Q4

U.S. PACKAGING Q3 2018

($ in millions)

Net SalesU.S. Packaging

Organic sales growth (decline)*

Third Quarter

2018

2017

$

688.4

$

672.3

2.4%

2.4%

*Organic sales growth (decline) = sum of price, mix, and volume

% Change

Organic Sales :

  • • Sales price/mix increased

  • • Unit volumes -2%

    • • ~ half related to the infant care business at the Shelbyville, TN facility

    • • Remainder due to timing and strong comparison in Q3 2017

    Operating ProfitU.S. Packaging

    % of Net Sales

    Third Quarter

    2018

    2017

    Change

    $

    93.4

    $

    99.6

    $

    (6.2)

    Op Profit :

  • • Note: prior year OP included $4mm benefit from an accrual reversal for unearned customer incentives

    13.6%

    14.8%

    (120) bps

  • • Current Q3 reflects benefits of Agility & improved operations, offset by freight, current-year customer incentives, and the impact of strong results on employee pay-for-performance awards

LATIN AMERICA PACKAGING Q3 2018

Organic Sales :

  • • Sales price/mix increased

    ($ in millions)

    Net SalesLatin America PackagingThird Quarter

    2018

    2017

    % Change

    $

    148.3

    $

    183.8 (19.3%)Currency translation effect (23.7%)

    Organic sales growth (decline)*

    *Organic sales growth (decline) = sum of price, mix, and volume

    4.4%

    Operating ProfitLatin America Packaging

    % of Net Sales

    Third Quarter

    2018

    2017

    Change

  • • Unit volumes -15%:

    • • Driven primarily by the planned decrease of some laundry detergent packaging volume in Brazil that is converting to another format

    • • To a lesser extent:

      • • One customers' conversion to a smaller size format

      • • Fine tuning of high-mix, low margin products

      Op Profit :

  • • Currency translation and implementation of high-inflation accounting in Argentina business reduced OP by $3.1m

    $

    8.0 $

    7.3

    $

    0.7

    5.4%

    4.0%

    140 bps

  • • Remaining $3.8m increase in OP driven by:

    • • Cost savings actions implemented in light of the economic environment in Brazil and the company's Agility Plan, partially offset by the impact of volume

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Bemis Company Inc. published this content on 25 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 October 2018 10:47:08 UTC