Sonoco Products : Q1 2025 Earnings Conference Call (Q1 2025 Earnings Presentation)

Quarterly Financial Review

1st Quarter 2025

April 29, 2025

Today's Attendees

Roger Schrum

Interim Head of Investor Relations and Communications

Howard Coker

President and CEO

Jerry Cheatham

Interim Chief Financial Officer

Rodger Fuller

Chief Operating Officer

3

Business Update

Howard Coker

President and Chief Executive Officer

4

Q1 2025 Results

Summary

Strong Consumer and

Revenue

(excluding discontinued operations)

$1.71B

Up 31%

Q1 Highlights

• Record Top Line and Adj. EBITDA Performance

• Strong Consumer Packaging Adj. EBITDA, results up 127%

  • Driven by Sonoco Metal Packaging EMEA

    Industrial Results Drive

    acquisition, SMP U.S. growth

• Solid Industrial Paper Packaging Adj. EBITDA up C%

  Improvement

  Total Adj. EBITDA1

  $338M

  Up 38%

  16.6% Margin,

  up 170 bps

  Total Adj.

  Earnings Per Share

  $1.38

  Up 23%

  • Driven by strong North and South America

    performance

• Higher interest expense, taxes and FX impact adj. EPS

  Q1 Business Drivers

• Total Revenue2 up 24% driven by SMP EMEA acquisition, favorable legacy business volume and price partially offset by divestitures and FX/other

• Adjusted EBITDA up 38% driven by SMP EMEA acquisition, favorable price/cost and productivity partially offset by slower Industrial volume/mix

  
  
  

• TFP results were lower than expected due to price/cost headwinds

5

1. Adj. EBITDA margin calculated as Adj. EBITDA of $338M over Net sales of $1.71B plus Net sales related to Discontinued Operations of $321M

2. Includes Net Sales related to Continued and Discontinued Operations