Ball (BALL) 16th Annual Wells Fargo Industrials & Materials Conference summary

Leadership and strategic focus

• CEO emphasizes customer-centric leadership, humility, and frontline employee engagement as core values, aiming for high collaboration and operational excellence across 65 global plants.

• Focus on reliability, quality, and service to create value for customers, with a strong belief in the robustness and recyclability of aluminum packaging.

• Leadership style shaped by prior customer-side experience, prioritizing team success and manufacturing pride.

Market performance and growth outlook

• Achieved nine consecutive quarters of volume growth, expecting a tenth, with mid-single digit growth projected for Q2 and on track for 10%+ DPS and $900M+ free cash flow.

• Long-term volume growth targets: 2%-3% globally, with 1%-3% in North America, 3%-5% in Europe, and 4%-6% in South America.

• North America and Europe are performing on plan, with Europe at the high end of its range; South America rebounded strongly after early-year destocking.

Industry trends and product innovation

• Aluminum cans are gaining share due to their recyclability, robustness, and multi-pack versatility, with 75% recycled content and high collection rates.

• Energy drinks and single-serve cans are driving growth in convenience channels, with innovation in package sizes and flavors.

• New large can formats are being introduced in South America, expanding product offerings.