Baird 2021 Global Industrial Conference Presentation
November 11, 2021 at 09:27 am EST
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Baird 2021 Global Industrial Conference
November 11, 2021| Sonoco Investor Update
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Forward-Looking Statements /
Non-GAAP Financial Measures
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 2021 and Q3 and Full-Year 2021 Outlook.
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.
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Sonoco by the Numbers
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Sonoco is a Global Essential Services Provider
We are the global leader in paper food cans and provide flexible and rigid plastic food packaging
80% of Sonoco's Consumer Packaging products are for food
We are the global leader in the production of uncoated recycled paperboard, tubes, cores and cones
We are a provider of healthcare, protective and retail packaging
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Third Quarter 2021
Key Financial Results
In millions ($), except EPS
Q3 2021
Q3 2020
YTD 2021
YTD 2020
Net Sales
$1,415
$1,312
$4,151
$3,861
Gross Profit
$258
$257
$798
$772
18.2%
19.6%
19.2%
20.0%
SG&A Expense,
$(135)
$(126)
($408)
($371)
Net of Other Income
Operating Profit
$122
$131
$391
$401
8.6%
9.9%
9.4%
10.4%
EPS (Base)
$0.91
$0.86
$2.66
$2.59
Cash Flow from Ops (YTD)
$220*
$490
*Includes one-time pension settlement contribution of $133 million
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Sonoco Products Co. published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 14:26:05 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.