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Constantia FlexiblesCompany Presentation
Constantia Flexibles at a glance
2
Constantia Flexibles is one of the world's leading manufacturers of flexible packaging
Serves multinational corporations and
local market leaders
53 production plants in 23 countries
Headquartered in Vienna, Austria
Shareholders: Wendel Group (~61%),
Maxburg Capital Partners (~11%),
H. Turnauer Stiftung (~27%)
3 divisions
#2 in Europe, #4 globally
€1.7 bn in sales
115 sales countries
>10,000 employees
~44% aluminum-based products
~48% film-based products
~8% paper-based products
>3,000 customers
3
Global production network for global customers
53 plants in 23 countries
Plants in North America Plants in Emerging MarketsPlants in Europe
3 6 11 7 10 8 8
Production Sites Sales Offices
Sales by region and division 2014
4
57%28%
15%
Sales by region Sales by division
Food
Pharma
Labels
56%
11%
25%
Western
Europe
8%
Central and
Eastern Europe
America
Rest of the world
Management Board
5
Alexander Baumgartner(Chief Executive Officer)
Peter Frauenknecht(Chief Financial Officer)
Dr. Gerold Riegler(Chief Operating Officer)
Franz Reiterer(Chief Sales Officer Food)
Executive Committee – Executive Vice Presidents
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Stefan Bogoll(Food North America)
Stefan Grote(Food Europe)
Friedrich Humer(Food Emerging Markets)
Pierre-Henri Bruchon(Pharma)
Mike Henry(Labels)
Flexible Packaging is the manufacture and supply of thin and flexible plastic films, aluminium
foils and papers.
Used solely or in combination for direct and non-direct primary & secondary packaging for food
and non-food products, retail, industrial and healthcare applications.
Flexible packaging – what we offer
7
Promotion
Promotional text
Design & shape
Customer convenience (microwaveable,
heatable)
Functionality (easy to handy, carry, open, etc.)
The 4 Ps of packaging – at the heart of our business
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Preservation
Ensures optimal condition and longer
shelf life
Barrier functions against UV light,
moisture, oxygen, and seal integrity
Protection
Puncture resistance
Burst strength
Tamper evidence
Transportability
Hygiene standards
Presentation
Format
Ergonomics
Portion size
Essential information
We focus on innovation and
quality to make our customers
more successful
We have an international team
based on a corporate culture
of trust, excellence and
performance
We expand globally with our
customers and create value for
all stakeholders
We balance economic success
with environmental and social
responsibility
Customers Growth
EmployeesSociety &
environment
Our core values
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Our core values
10
Customers Growth
EmployeesSociety &
environment
Our customer benefits
11
Experienced people with passion
for packaging
Continuous innovation
Integrated production
Complete range of solutions
Unrivaled customer service
Global production network
Long-term partnerships with
customers
Food solutions
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Lidding die cut
Lidding reel-fed
Confectionery foil
Confectionery
Snacks
Dried food laminates
Coffee laminates
Alu-container systems
Pet food bags/ pouches
Dairy
Broad portfolio of leading products for primary food packaging
Processed
meat
Processed
food
Confectionery film
Salted snack laminates
Sweet snack laminates
Pharma solutions
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Pharma
Home &
Personal
Care (HPC)
Bag-on-Valve laminate
Wipe film
Doypack foil
Sachet foil
Broad portfolio of tailor-made products for Pharma and HPC
Coldform foil
Blister lidding foil
Strip pack & suppository foil
Sachet foil & laminate
Stick pack foil
Labels solutions
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Beer, Wine &
Spirits
Targeted product offering focusing on the global beverage labels market
Soft drinks &
Water
In-Mould-
labels
In-Mould decoration
In-Mould with functionality
Shrink sleeves
Aluminum lid labels for beverage
cans
Wrap around labels
Paper labels
Paper labels
Pressure sensitive labels
Aluminum foil bottle neck
Unrivaled customer service
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Improving
sustainability
performance
We manage for our clients:
Logistics
Food & beverage
contact legislation
Packaging
trends
Packaging
engineering
Long-term partnerships with customers
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More than ten years relationship with the top 10 customers in all three divisions
Integrated production
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Raw material sourcing
and rolling
Lacquering /
Lamination /
Extrusion
Printing /
Cutting
Finishing /
Aftermarket
Service
Strategic base material supply within the group
Distinctive know-how
Selected specialty film extrusion
State-of-the-art aluminum foil rolling facility
Highly efficient lacquering, coating and lamination
In-house lacquer development
UV flexo printing including in-line coating
Roto gravure printing incl. in-line lamination
Wide web conventional flexo printing
Offset printing for paper and film
Highly optimized die-cutting and deep-drawing facilities
Bag & pouch making
We manage the entire value chain – ensuring high quality, quick responses, reliability & flexibility
Quality and product safety
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All sites have implemented a Quality Management
System
Specifically certified systems in dedicated plants
Full traceability of raw materials and processes
Raw materials only from approved suppliers
Implemented risk management
Fulfillment of legal requirements
Well-equipped quality labs at our sites
Full compliance with customer specifications
Group quality standards – key elements
Continuous innovation through formal process
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Customers
Technology-driven (push) innovation
80 R&D personnel Application engineers Product managers
Innovation throughout the product life cycle
Social macro trends (Sustainability, convenience, differentiation, high functionality, barrier protection)
Customer-driven (pull) innovation
Idea Feasibility study Product
development
Marketing &
performance analysis
“CF Customer Academy” for training clients’ staff in flexible packaging
Competence centers
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State-of-the-art competence centers for
‒ Polymer films & film laminates
‒ Aluminum & foil laminates
‒ Labels (planned)
First technical contact to our suppliers to stimulate in-
house developments
In- and external consultant in the right raw material
selection
Analytical capabilities
Lab equipment to produce small samples and mock-
ups
Microscopy lab
Labor Laminator
Wet chemistry lab
Co-extrusion pilot line
Innovative product samples
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New generation cup-lock system with
self-developed co-extrusion
Increased production safety
Cost reduction vs today’s standard
specification
Sustainability support (e.g. 50%
aluminum reduction)
Reliable protection against moisture
cross-diffusion
Shelf life extensions
Reliable system compatibility
PVC-free structure
High absorption capacity
Recyclable pressure-sensitive label
alternative for PET bottles
Cost-effective recycling solution
DieCut DryFoil SpearRC
Innovative product examples – highlights 2015
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Die-Cut Lidding
Confectionery foil
Aluminium foil containers
CONSTANTIA DryFoil
CONSTANTIA Safemax
CONSTANTIA Blister Eco
Spear RC
Smart Top
Thermowash
Innovation awards
* CFlex won the Alufoil Trophy that rewards the use of aluminum foil and aluminum closures in all its many forms and uses. Example: in 2015, CFlex won a
trophy in the category Resource Efficiency for Chang Beer and a trophy in the category Technical Innovation for the innovative Aluminum foil < 5 μm. 23
EAFA Alufoil trophies (2012-2015)* International awards in the last 5 years
More than
2014x
Our core values
24
Customers Growth
Employees Society &
environment
~ 60% of sales in attractive markets, where Constantia commands a #1 or 2 position
Global #1
Beer labels (film and PSL, foil and
paper)
In-mould labels
Strong market position in attractive segments
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Global #1
Confectionery foil
Die-cut lidding
Alu-container systems
Global #2
Reel-fed lidding
Global #2
Blister lidding foils
Coldform foils
Success story of continuous growth
26
From a leading European supplier…
Network of medium-sized companies
Business focus on Europe
Mainly export sales
Supplier of packaging materials with focus on
aluminum
… to a global player
A group with a mission and a clear strategy
Realizing global growth opportunities
Multi-domestic production
Solution provider with comprehensive material
competence
Family owned / listed OEP
Wendel GroupSince March
2015 One of Europe’s leading
listed investment firms
Sales€1.0bn
2005 2010 2014 E 2020
Growth through
M&A and
organic growth
€0.7bn
€1.7bn
Growth development over the last 10 years
27
Sales (€ mn) and sales growth (%) Operative EBITDA (€ mn) and EBITDA growth (%)
EBITDA Margin (%)
2004 2011 201220092006 2007 201020082005 20142013
14.1%13.6% 14.1% 13.5%13.9% 13.9% 14.3% 14.9%15.1% 14.3%14.0%
2004 2011 201220092006 2007 201020082005 20142013
711 745 766
1,029 1,026977
1,047
1,213
1,314
1,6341,712
2004 2011 201220092006 2007 201020082005 20142013
97 105 108 143 139 136 158 170 188
234 256
Investing for our customers
* Capital Expenditures 28
Total investment 2011-2014: € 540 mn
Lacquering and Laminations Plant: Constantia Patz (AT)
Offset Printing Machines: Verstraete in mould labels (BE)
UV Flexoprinting Machine: Constantia Blythewood (USA)
Flexo Printing line: Constantia Aluprint San Luis Potosí (Mex)
Converting Center (Double Lacquering and Lamination Plant,
Downstream Rotogravure Printing): Constantia Teich (AT)
Rotogravure Printing Machines: Constantia Hueck Folien (DE),
Constantia Ebert (DE), Constantia Teich Poland (PL)
Offset printing machine (IN)
Major CAPEX projects
Asaş, TR (2011)
Parikh, IN (2013)
Spear, USA (2013)
Globalpack, MX (2013)
Major acquisitions
CAPEX*
60%
Acquisitions
40%
Global trends drive demand for flexible packaging
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Emerging
middle class
Urbanization
Premium
products
Health
Sustainability
Global trends Factors driving demands
Demand for packed food with longer shelf lives
From large to small families
Purchase based on social demands
Demand for premium and functional packaging
Significance of marketing / branding
Ageing society demands pharma products
Health standards in emerging markets rise
Smaller carbon footprint
Reduction of material thickness, etc.
Packaged food
Premium brand packaging
Premium and convenient packaging
Pharma packaging
Environmentally friendlypackaging
Flexible packaging solutions
Our strategy for long-term profitable growth
30
Strong relationships with international corporations
Targeted acquisitions in growth sectors and regions
Established technological know-how
Efficient production sites and processes
Strengthening customer relations with multinational companies
Consolidation and extension of European market leadership
Realizing selected growth opportunities in North America
Expansion in the fastest-growing emerging markets
Maximization of Group synergy and optimization of operational performance
Strong foundation gives us competitive advantage
Our core values
31
Customers Growth
Employees Society &
environment
Sustainability
* Related to m2 output, calculation based on Scope 1 and Scope 2 as defined by the Greenhouse Gas Protocol Initiative32
“Sustainability means balancing economic success with environmental
and social responsibility. This strategy ensures long-term success.”
Alexander Baumgartner, Chief Executive Officer
Integratingthe wholeSupply Chain
Product & Process Sustain-
ability
By 2014 Constantia Flexibles
already achieved 60% of its goal to
reduce CO2* emissions by 40%
from 2005 to 2023.
100%
76%
Reduction of
about 24%
2005 2014
Progress in reduction of CO2-
emissions per produced m²
Corporate carbon footprint goal
Committed to a responsible policy
33
Systematic risk management
Compliance guidelines
Comprehensive quality
management
Environmentally friendly and
resource-sparing production
technology, materials and
ingredients
Ethical sourcing (member of
SEDEX)
Reduction of environmental
pollution, waste & greenhouse
gases
Extensive measures to protect
human rights
Zero tolerance of discrimination
against employees
Social outreach project for
disadvantaged groups
Group Social Award for
outstanding achievement
Economic responsibility Social responsibilityEnvironmental responsibility
Our sustainability policy focuses on our responsibility to the environment and our neighborsOur sustainability policy focuses on our responsibility to the environment and our neighbors
Enables companies to
– Quickly determine their supply chain footprint
– Encourage and support suppliers to measure and
manage material business issues
– Communicate with them on their performance over
time
– Drive long shared value for the business
Transparency along the entire supply chain
34
Aims at improving and social practices by leveraging
the influence of global supply chains
Two objectives of EcoVadis:
‒ Improve performance combining innovative
information technologies with shared service
expertise on sustainable procurement
‒ Reduce costs associated with suppliers’ CSR
performance monitoring
Full disclosure of our CSR KPIs at selected platforms for our stakeholders
Our ethical principles
35
Non-profit member platform dedicated to improving
ethical supply standards along the value chain
SEDEX focuses on 4 areas
– Labor standards
– Health & safety
– Environment
– Business integrity
Tools for exchanging information include standardized
questionnaires and audits (SMETA = Sedex Members
Ethical Trade Audit)
Non-profit initiative to foster greater sustainability and
transparency throughout our industry
ASI tries to mobilize a broad base of stakeholders to
establish and promote responsible leading practices
– Across the aluminum value chain
– In business ethics
– In environmental and social performance
Endorsing SEDEX’ ethical standards Part of Aluminum Stewardship Initiative (ASI)
Bauxite
mining
Refining Aluminum
smelting
Further
processing
Recycling
The Group Social Award
36
We are committed to integrating social activities at all our site
We encourage our employees to support social projects, especially in Constantia’s immediate neighborhoods and
annually award the best projects.
Restoration of Elementary School
in Guanos, Mexico
Collaborative art book of mentally
disturbed people in the US
Free employee counseling in private
or professional problems in Austria
Cooking for the homeless at
VinziRast house in Vienna, Austria
Internships for young people with
disabilities in Poland
Help for schools and kindergartens
in Poland
Our core values
37
Customers Growth
Employees Society &
environment
Our employees
38
Number of employees by region (year-end)
2000 2014Europe Americas
2,821
8,184
x 2.9
There of approx.
7,000 in production
Experienced people with passion for packaging
39
Work beyond country borders
Foster proximity and openness
Encourage international
transfers
Collaboration to culture and
respect
Hiring the best candidates
through structured processes
Develop employees’ skills and
performance based on three
core competencies: Driving
customer value, fostering
collaboration, passion for results
Strategic talent management
Design our reward and
compensation system in order
to:
– Foster motivation and
competitiveness
– Increase performance-
orientation
An attractive employer with a corporate culture focused on employee development
Culture & respect Learning & development Rewards & fringe benefits
Our employees live operational excellence
* Lean Six Sigma is a management approach combining Six Sigma methods and tools and the lean manufacturing/lean enterprise philosophy, striving to eliminate
waste of physical resources, time, effort and talent, while assuring quality in production and organizational processes * CIP = Continuous Improvement Process40
Operational Excellence is a culture of
– Leadership
– Teamwork
– Problem solving
resulting in continuous improvement throughout the
organization
Focus areas:
– Optimizing all processes and systems to deliver
value efficiently to the customers (with Lean
SixSigma* methods)
– Empowering all employees to improve their
processes and systems themselves
– Learning with and from each other and sharing
knowledge
We create value for our customers
**
4141
PEOPLE.
PASSION.
PACKAGING.
