Can Industry Company Profiles

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Can Industry Company Profiles

• July 27-28 2006

Janet Hill
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Rexam

• One of five largest packaging companies
• Worlds number one beverage can maker
• 25 Volume Share for beverage cans globally
• 3 beverage can maker in the US with around 25
  of market
• Using free cash flow to invest in growing and
  emerging markets

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Rexam Financial Info
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Source Hoovers
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Source Hoovers
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Source Hoovers
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Rexam Segment Analysis
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Rexam Conclusion

• Good profitability
• Good operating margins
• Profit margins among best in industry
• Good control of input costs

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Ball Corp

• Three Segments
• North American Packaging
• Plastic Packaging
• Aerospace and other technologies
• Record sales in 2005
• Acquired US Can on March 27,2006
• Acquired Alcan Plastic assets on March 28, 2006

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Ball Financial Info
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Ball Corporation
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Source Hoovers
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Source Hoovers
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Source Hoovers
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Ball Conclusions

• Input costs and delays in government contracts
  caused profit to be below expectations in first
  quarter 2006.
• Investing in new technology which may result in
  shutdown of plants.
• Increasing debt load
• Recent acquisitions need to be integrated.

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Silgan

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Silgan

• Largest supplier of metal food containers
• Metal food containers
• Plastics containers

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Silgan Financial Info
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Source Hoovers
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SourceHoovers
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SourceHoovers
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Silgan Conclusions

• Record sales in 2005
• Low cost producer
• Generally very well managed
• Returns profits to investors.

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Crown

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Crown

• Expanding by building plants in Middle East and
  Asia
• Increasing specialty can capacity to take
  advantage of growing market.

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Source Hoovers

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Source Hoovers
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Source Hoovers
Note Operating loss due to very large pension
contribution.
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Crown Conclusions

• Good first quarter results
• High debt load is a significant risk and makes it
  difficult to compete
• Input costs could be a problem