Sonoco Products : 2024 Shareholders Meeting Presentation

SONOCO

Annual Meeting of Shareholders

John Haley

Chairman

April 17, 2024

Board of Directors

Steven Boyd

Howard Coker

Pamela Davies

TheresaDrew

Philippe Guillemot

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Board of Directors

John Haley

Robert Hill

Eleni Istavridis

Richard Kyle

Blythe McGarvie

Thomas Whiddon 3

2024 Annual Meeting Agenda

Proposal 1 Election of Directors

Proposal 2 Ratification of Independent Registered Public Accounting Firm

Proposal 3 Advisory (Non-binding) Vote to Approve Executive Compensation

Proposal 4 Approval of the 2024 Omnibus Incentive Plan

Proposal 5 Advisory (Non-binding) Shareholder Proposal Regarding

Transparency	in Political Spending

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ADVANCING SONOCO'S STRATEGY

Howard Coker

President and CEO

Forward-Looking Statements / Non-GAAP Financial Measures

Statements included herein that are not historical in nature, are intended to be, and are hereby identified as "forward -looking statements" for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. In addition, Sonoco Products Company (the "Company") and its representatives may from time to time make other oral or written statements that are also "forward-looking statements." Words such as "anticipate," "assume," "believe," "committed," "consider," "continue," "could," "estimate ," "expect," "forecast," "future," "goal," "guidance," "intend," "likely," "may," "might," "objective," "outlook," "plan," "potential," "project," "seek," "strategy," "will," or the negative thereof, and similar expressions identify forward-looking statements.

Forward-looking statements in this communication include statements regarding, but not limited to: the Company's future operatin g and financial performance, including near-term and long-term

financial targets and expected drivers thereof; the Company's ability to manage expenses; long-term end market growth and market opportunities; opportunities for productivity and other operational improvements; pricing, customer demand and volume outlook; the Company's relationships with its customers; the Company's abil ity to create near-term and long-term value and to generate cash flows and returns for shareholders; expected benefits from acquisitions, divestitures and capital expenditures; the effectiveness of the Company's strategy; and the effects of the macroeconomic environment and inflation on the Company and its customers. Such forward-looking statements are based on current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by management. Such information includes, without limitation, discussions as to guidance and other estimates, perceived opportunities, expectations, beliefs, plans, strategies, goals and objectives concerning our future financial and operating performance. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual results may differ materially from those expressed or forecasted in such forward-looking statements. The risks, uncertainties and

assumptions include, without limitation, those related to: the Company's ability to achieve the benefits it expects from acqu isitions, divestitures and capital expenditures; the Company's ability to

execute on its strategy, including with respect to acquisitions, divestitures, cost management, restructuring and capital expenditures, and achieve the benefits it expects therefrom; the operation of new manufacturing capabilities; the Company's ability to achieve anticipated cost and energy savings and improve productivity; th e availability and pricing of raw materials, energy and transportation, including the impact of potential changes in tariffs and escalating trade wars, and the Company's ability to pass raw material, energy and transportation price increases and surcharges through to customers or otherwise manage these pricing risks; the costs of labor; the effects of inflation, fluctuations in consumer demand, volume softness, customer destocking and other macroeconomic

factors on the Company and the industries in which it operates and that it serves; the Company's ability to meet its goals relating to sustainability and reduction of greenhouse gas emissions; the Company's ability to return cash to shareholders and create long-term value; and the other risks, uncertainties and assumptions discussed in the Company's filings with the Securities and Exchange

Commission, including its most recent reports on Forms 10-K and 10-Q, particularly under the heading "Risk Factors." The Company undertakes no obligation to publicly update or revise forward- looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed herein might not occur.

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 investor.sonoco.com under Webcasts & Presentations, and Non-GAAP Reconciliations for the Q4 2023 Earnings Presentation. 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 measures in the Appendix to this presentation.

This presentation does not constitutethesolicitation of thepurchase or sale of any securities.

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KEY TAKEAWAYS

WHAT YOU WILL HEAR TODAY

We set out on a transformation journey in 2020, and we have made good on our promises to date

We built a stronger portfolio that is positioned to deliver value-creating growth

We better unified our operating model to our advantage, with more efficiencies expected on the horizon

We are both disciplined and opportunistic with allocating capital to

portfolio initiatives for innovation, growth, and M&A to create shareholder value

We will manage risk through a strong capital structure and robust risk oversight

Our new, long-term financial targets are designed to enable higher value for our customers, employees, communities, and shareholders

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Our guiding principle remains unchanged since 1899:

PEOPLE BUILD BUSINESSES BY DOING THE RIGHT THINGS

Our Core Values

Teamwork

Service

Respect

Integrity

Accountability

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CELEBRATING 125 YEARS OF HISTORY

4,000+ Patents to date - Many of which you engage with on a daily basis

$ Revenue Milestones

Spiro-Pac,UltraSeal

composite

tubularinvented containers

launched

+500 Patents since 2020

$7B

Rigid Paper Container	Smartseal	$5B
business expands to	invented
Asia & Brazil

Sonotube

invented

1st patent issued to Walter F. Smith for

paper cones for yarn

winding machines

Southern

Novelty

Company was founded in Hartsville, S.C.

Start of 40 years

of increasing dividend streak

Sonoco

Consumer

Products created

$3B

$2B

$1B

$4B

	Launched
	all-paper candy
EnviroSense	packaging &
packaging	Paper-bottom
introduced	Pringles

1899

1908

1944

1962

1984

1986

1987

1994

2004

2006

2007

2014

2021

2022

2024

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Video Update

Sonoco 125-Year History

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