Company Presentation
Constantia Flexibles
People Passion Packaging
Constantia Flexibles at a glance
Constantia Flexibles is one of the world's leading manufacturers of flexible packaging
Serves multinational corporations
and local market leaders
3 divisions
#2 in Europe, #4 globally
42 production plants in 18 countries
€1.7 bn in sales*
115 sales countries
Founded in 1994
Headquartered in Vienna, Austria
Shareholders: Wendel Group (73%),
H. Turnauer Stiftung (27%)
>3,000 customers
>8,000 employees
* Pro forma sales 2013 are adjusted for full year revenues of acquisitions (sales impact: EUR 57 million)
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Global production network
42 plants in 18 countries
Production Sites
Sales Offices
3
6
Plants in North America
11
6
Plants in Europe
10
3
3
Plants in Emerging Markets
3
Sales by region and division in 2013
Sales by region
Asia
Middle East
4%
& Africa
5%
Americas
23%
Sales by division
Pharma
15%
Europe
68%
Labels
25%
Food
60%
4
Management Board
Thomas Unger
Peter Frauenknecht
Dr. Gerold Riegler
Franz Reiterer
(Chief Executive Officer)
(Chief Financial Officer)
(Chief Operating Officer)
(Chief Sales Officer Food)
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Executive Committee – Executive Vice Presidents
Stefan Bogoll
Stefan Grote
Friedrich Humer
Walter Ometto
Mike Henry
(Food North America)
(Food Europe)
(Food Emerging Markets)
(Pharma)
(Labels)
6
Flexible packaging – what we offer
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.
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The 4 Ps of packaging – at the heart of our business
Preservation
Protection
 Ensures optimal condition
and longer shelf life
 Puncture resistance
 Barrier functions against UV
light, moisture, oxygen, and
seal integrity
 Tamper evidence
 Burst strength
Customers
Growth
Promotion
 Promotional text
 Design & shape
 Customer convenience
(microwaveable, heatable)
 Transportability
 Hygiene standards
Presentation
Employees
Society &
environment
 Format
 Ergonomics
 Portion size
 Essential information
 Functionality (easy to
handle, carry, open, etc.)
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Our core values
Customers
Growth
Employees
Society &
environment
9
Our core values
We focus on innovation
and quality to make our
customers more
successful
We expand globally with
our customers and
create value for all
stakeholders
Customers
We have an
international team
based on an corporate
culture of trust,
excellence and
performance
Employees
Growth
x
Society &
environment
We balance economic
success with
environmental and
social responsibility
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Our customer benefits
Experienced people with
passion for packaging
Complete range of
solutions
Unrivaled customer
service
Continuous
innovation
Global production
network
Integrated
production
Long-term partnerships
with customers
11
Food solutions
Lidding die cut
Dairy
Dried food laminates
Processed food
Lidding reel-fed
Coffee laminates
Confectionery foil
Alu-container systems
Confectionery
Processed meat
Confectionery film
Pet food bags/pouches
Salted snack laminates
Snacks
Sweet snack laminates
Broad portfolio of leading products for primary food packaging
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Pharma solutions
Coldform foil
Blister lidding foil
Pharma
Strip pack & suppository
foil
Sachet foil & laminate
Sachet foil
Home &
Personal Care
(HPC)
Wipe film
Doypack foil
Bag-on-Valve laminate
Stick pack foil
Broad portfolio of tailor-made products for Pharma and HPC
13
Labels solutions
Beer, Wine &
Spirits
Paper labels
Aluminum lid labels for
beverage cans
Pressure sensitive labels
Paper labels
Soft drinks &
Water
Aluminum foil bottle neck
Wrap around labels
Shrink sleeves
In-Mould decoration
In-Mould labels
In-Mould with
functionality
Targeted product offering focusing on the global beverage labels market
14
Unrivaled customer service
We manage for our clients:
Improving
sustainability
performance
Packaging
trends
Food & beverage
contact
legislation
Packaging
engineering
Logistics
15
Long-term partnerships with customers
More than ten years relationship with the top 10 customers in all three divisions
16
Integrated production
Raw material
sourcing
and rolling
 Strategic base
material supply within
the group
 Distinctive know-how
 Selected specialty
film extrusion
 State-of-the-art
aluminum foil rolling
facility
Lacquering /
Lamination /
Extrusion
 Highly efficient
lacquering, coating
and lamination
 In-house lacquer
development
Printing /
Cutting
 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
Finishing /
Aftermarket
Service
 Highly optimized diecutting and deepdrawing facilities
 Bag & pouch making
We manage the entire value chain – ensuring high quality, quick response times, reliability & flexibility
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Quality and product safety
Group quality standards – key elements
 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
 Fulfilment of legal requirements
 Well-equipped quality labs at our sites
 Full compliance with customer
specifications
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Continuous innovation through formal process
Technology-driven (push) innovation
Innovation throughout the product life cycle
Idea
Marketing &
performance
analysis
“CF Customer Academy” for training clients’ staff in flexible packaging
70 R&D personnel
Feasibility
study
Product
development
Application engineers
Customers
Product managers
Social macro trends (Sustainability, convenience, differentiation, high functionality, barrier protection)
Customer-driven (pull) innovation
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Competence centers
 State-of-the-art
competence centers for
Microscopy lab
Wet chemistry lab
Lab laminator
Co-extrusion pilot line
 Polymer films & film
laminates
 Aluminum & foil laminates
 Labels (planned)
 First technical contact to our
suppliers to stimulate inhouse developments
 In- and external consultant in
the right raw material
selection
 Analytical capabilities
 Lab equipment to produce
small samples and mock-ups
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Innovative product examples
DieCut
 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)
DryFoil
 Reliable protection against
moisture cross-diffusion
 Shelf life extensions
 Reliable system compatibility
 PVC-free structure
 High absorption capacity
SpearRC
 Recyclable pressure-sensitive
label alternative for PET bottles
 Cost-effective recycling solution
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Innovation awards
EAFA Alufoil trophies (2012-2014)*
International awards in the last 5 years
More than
12x
20
*CFlex won the Alufoil Trophy that rewards the use of aluminum foil and aluminum closures in all its many forms and
uses. Example: HiperWrap was awarded in 2013 in the category “Product Preservation”.
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Our core values
Customers
Growth
Employees
Society &
environment
23
Strong market position in attractive segments
Global #1
Global #2
Global #1
 Confectionery foil
 Blister lidding foils
 Die-cut lidding
 Coldform foils
 Beer labels (film and PSL,
foil and paper)
 Alu-container systems
Global #2
 Reel-fed lidding
 In-mould labels
“
Every second beer
on the planet has a
Constantia Label
~60% of sales in attractive markets, where Constantia
commands a #1 or 2 position
”
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Success story of continuous growth
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
Growth through
M&A and
organic growth
€1.7bn**
€1.0bn
€0.7bn
Sales
2005
2010
2013
E 2020
*
CAGR including 2013 acquisitions of Globalpack, Spear and Parikh Packaging
** Pro forma sales 2013 are adjusted for full year revenues of acquisitions (sales impact: EUR 57 million)
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Investing for our customers
Total investments 2011–2013: € 444 mn
CAPEX*
51%
Acquisitions
49%
Major CAPEX projects
 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)
Major acquisitions
 Asaş, TR (2011)
 Parikh, IN (2013)
 Spear, USA (2013)
 Globalpack, MX (2013)
* Capital Expenditures
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Global trends drive demand for flexible packaging
Global trend
Factors driving demand
Urbanization
 Demand for packed food with longer shelf lives
 From large to small families
Packaged food
Emerging
middle class
 Purchase based on social demands
Premium brand packaging
Premium
products
 Demand for premium and functional packaging
 Significance of marketing / branding
Premium and convenient
packaging
Health
 Ageing society demands pharma products
 Health standards in emerging markets rise
Pharma packaging
Sustainability
 Smaller carbon footprint
 Reduction of material thickness, etc.
Environmentally friendly
packaging
Flexible packaging solutions
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Our strategy for long-term profitable growth
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 relationships with international corporations
Targeted acquisitions in growth sectors and regions


Established technological know-how
Efficient production sites and processes


Strong foundation gives us competitive advantage
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Our core values
Customers
Growth
Employees
Society &
environment
29
Sustainability
“Sustainability means balancing economic success with
environmental and social responsibility. This strategy
ensures long-term success.”
Thomas Unger, Chief Executive Officer
Corporate carbon footprint goal
By 2012 Constantia Flexibles
already achieved three-quarters of
Product &
Process
its goal to
reduceIntegrating
CO2* emissions
Sustainthe whole
ability
Supply to 2023.
by 40%
from 2005
Chain
Progress in reduction of CO2-emissions
per produced m²
Reduction of
about 30%
100%
70%
2005
2012
* Related to m2 output, calculation based on Scope 1 and Scope 2 as defined by the Greenhouse Gas Protocol Initiative
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Committed to a responsible policy
Economic responsibility
 Systematic risk management
 Compliance guidelines
 Comprehensive quality
management
Environmental responsibility
Social responsibility
 Environmentally friendly and
resource-sparing production
technology, materials and
ingredients
 Extensive measures to protect
human rights
 Ethical sourcing (member of
SEDEX)
 Social outreach project for
disadvantaged groups
 Reduction of environmental pollution, waste & greenhouse gases
 Group Social Award for
outstanding achievement
 Zero tolerance of discrimination
against employees
Our sustainability policy focuses on our responsibility to the environment and our neighbors
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Transparency along the entire supply chain
Full disclosure of our CSR KPIs at selected platforms for our stakeholders
 Aims at improving environmental 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

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
Our ethical principles
Endorsing SEDEX’ ethical standards
Part of Aluminum Stewardship Initiative (ASI)
 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

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
 Tools for exchanging information include standardized
questionnaires and audits (SMETA = Sedex Members
Ethical Trade Audit)
Bauxite
mining
Refining
Aluminum
smelting
Further
processing
Recycling
The Group Social Award
We are committed to integrating social activities at all our sites
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
Cooking for the homeless at VinziRast
house in Vienna, Austria
Help for schools and kindergartens
in Poland
Free employee counseling in private or
professional problems in Austria
Collaborative art book of mentally
disturbed people in the US
Internships for young people with
disabilities in Poland
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Our core values
Customers
Growth
Employees
Society &
environment
35
Our employees
Number of employees by region (year-end)
x 2.9
8,093
Thereof approx.
7,000 in production
2,821
2000
2013
Europe
Americas
MEA
Asia
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Experienced people with passion for packaging
An attractive employer with a corporate culture focused on employee development
Culture & respect
 Work beyond country borders
 Foster proximity and openness
 Encourage international
transfers
Learning & development
 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
Rewards & fringe benefits
 Design our reward and compensation system in order to:
– Foster motivation and
competitiveness
– Increase performanceorientation
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Our employees live operational excellence
 Goal of attaining operational excellence at
all facilities
 Increased efficiency through:
 Efficiency programs such as the Continuous
Improvement Process
 Annual CIP prizes for individual projects
and the Group’s best site
 Lean manufacturing programs (incl. waste
reduction, increased production speed, etc.)
 Introduction of best practices through rollout of successful projects from one facility to
all others
Operational excellence is attained when every employee understands how to create
value for our customers
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www.cflex.com
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