INVESTOR

BRIEFING May 2016

NYSE: BMS

Our vision: A passionate commitment to

the growth and success of our customers will make

Bemis the clear choice for inspired packaging solutions

SAFE HARBOR STATEMENT

2

This presentation includes forward-looking statements within the meaning of the Safe

Harbor provisions of the Securities Litigation Reform Act of 1995. Such statements

include, but are not limited to, statements relating to the expected future performance

of the company and its objectives, expectations, and intentions for the future. These

forward-looking statements are based on the current beliefs and expectations of Bemis

Company’s management and are subject to risks and uncertainties. The forward-

looking statements speak only as of the date of this presentation, and Bemis Company

does not undertake to update such statements to reflect changes that occur after that

date. There are a number of factors that could cause actual results to differ from those

set forth in the forward-looking statements. These factors include, but are not limited to:

general economic conditions, competitive conditions in our markets, the cost and

availability of raw materials, and our ability to pass these price changes on to our

customers. These and other risks, uncertainties, and assumptions are identified from

time to time in our filings with the Securities and Exchange Commission including our

most recent Annual Report on form 10-K and our quarterly reports on Form 10-Q. Such

reports are available on the website of the Securities and Exchange Commission

(www.sec.gov).

BEMIS: INSPIRED PACKAGING SOLUTIONS

3

• Established in 1858

• A leading solution-provider of

flexible and semi-rigid plastic

packaging

• Strong global business with a

long-term focus

17,500

employees

BMS NYSE ticker

Neenah, WI headquarters

Leading technologies. Broad product line. Global size & scale. Leading technologies. Broad product line. Global size & scale.

2015 FINANCIAL HIGHLIGHTS

4

2015 Results are on the path to achieve our 2019 goals

REVENUE $4.1 B organic growth +.7%, driven by mix

ADJ OP PROFIT 10.4% +100 bps

ADJ ROIC 10.5% +80 bps

CASH FROM OPS $552m +$304m

+10.9%*overcame $.16 currency translation

32nd annual increase

*33rd annual increase announced Feb 2016

$2.55 ADJ EPS

DIVIDEND $1.12 per share

BEMIS Q1 2016

5

Q1: Executed on long-term strategy; short-term operational

performance was mixed

U.S. Packaging:

• Flat unit volume vs prior year,

as expected

• Strong operating performance

Global Packaging:

• +3% organic unit volumes vs

prior year, strong in all regions

• Operational inefficiencies in

Latin America and Oshkosh

healthcare packaging facility

gross profit 21.6% +70 bps adj roic 10.5% vs 9.9% Q1'15 adj EPS $.60 includes $.03 currency

OUR STRATEGIC OBJECTIVES

6

strong

financial

performance

(ROIC, ROS,

EBITDA)

accelerate growth

focus innovation

continuously

improvehig

h p

erf

orm

an

ce

cu

ltu

re

2016 PERFORMANCE DRIVERS

7

commercialization

of new products

asset

recapitalization

program

continuous

improvement

• New innovations

• Leverage existing

innovations globally

• New products

higher margins

• Supports organic

growth plan

• Installation of

(primarily) slitters and

presses in the U.S.

• Increases margin

profile of existing

business

• Helps maintain

volumes in less-

differentiated business

Benefits…

• Efficiency in all

functions…shop floor

to administrative

• Control costs

• Improve processes

A NEW CUSTOMER EXPERIENCE

8

A global hub for customer collaboration, ideation, and innovation

Bemis Innovation Center – Neenah, WI

9

CAPITAL SPENDING DISCIPLINE

Supported by a disciplined investment process, CAPEX is focused on growth & productivity

($ in millions)

$0

$50

$100

$150

$200

$250

2010 2011 2012 2013 2014 2015 2016 - 2019

EHS & Maintenance Growth & Productivity D&A

Post-audit &

continuous

review process

15% ROIC

hurdle-rate, 5-

year avg

BEMIS COMPANY – PURE PACKAGING

10

NO

RT

H A

ME

RIC

A

$2,747 U.S. Packaging

Global Packaging

$1,324

2015 Net Sales

2015 Net Sales

($ in millions)

50% 26% 13% 11%

LA

TIN

AM

ER

ICA

HE

AL

TH

CA

RE

*

EU

RO

PE

AS

IA-P

AC

IFIC

*Healthcare includes all medical device and pharmaceutical business globally – both global and U.S. healthcare facilities roll up to the Global Packaging Segment

THE FLEXIBLE PACKAGING SPACE

11

.

.

the

big

middle

Innovation & sophistication

Recapitalization

Size, scale, service

How we succeed…

focus

innovation

accelerate

growth

continuously

improve

GROWTH OPPORTUNITIES

12

Leading technologies. Broad product line. Global size & scale.

Format conversions (glass/can/paperboard flexible)

Shifting channels

Solutions that fit trends (healthy, fresh, convenient)

Packaging sophistication (leveraging our technology globally)

Food Safety

Healthcare (quality; sterility)

$2.7b 2015 revenue

14.3% op profit

(+120 bps vs 2014)

$1.3b 2015 revenue

8.8% adj op profit (+120 bps vs 2014)

U.S. Packaging Global Packaging

U.S. Packaging

13

2019 15-18%

ROS

Global Packaging

2019 10%+

ROS

50% 30% 20%Innovation Productivity &

Efficiency

Pricing Analytics

Margin improvement driven by:

2014 7.6%

ROS

2014 13.1%

ROS

2015 14.3%

ROS

2015 8.8% Adj ROS

LONG-TERM TARGET: RETURN ON SALES

Q1 2016: 15.4%

Adj Q1 2016: 5.3%

LONG-TERM TARGET: ADJ ROIC

14

2014: 9.7% Bottom quartile, peer group

2019: Top quartile

NEW CAPITAL:

15% HURDLE RATE,

5-YEAR AVG

ACQUISITIONS:

ACCRETIVE TO

ROIC WITHIN 5

YEARS

CAPEX discipline and working capital & margin improvement drive ROIC improvement

2015: 10.5%

RETURNING CASH TO SHAREHOLDERS

15

(millions)

Over $1b of value returned to

shareholders

Op Cash Flow

$552m 2015

FCF

~$330m 2015

2016: 33

consecutive

years of annual

dividend

increases

$102 $104 $108 $108 $110

$161

$77

$152 $150

$0

$50

$100

$150

$200

$250

$300

$350

2011 2012 2013 2014 2015

Dividends Share Repurchases FCF

+ Emplal acquisition

SHARE REPURCHASE AUTHORIZATION

16

20 million

shares authorization increase

3-5

years

Fe

b 2

01

6

• Cash flow funds CAPEX

• Remaining FCF returned to

shareholders (divd & share repurchase)

INORGANIC GROWTH STRATEGY

17

adjacencies speed to market

proprietary

technologies

complementary

geographies

√ Steripack

√ Emplal √Steripack

√ Steripack

2016 GUIDANCE

18

2016 guidance is on the path to achieve our 2019 goals

*As of April 2016

BRL assumed at 3.6 per USD

CAPEX & CFO in millions

2015 2016Actual Guidance*

$2.55 Adj EPS $2.68 - $2.78

$219 CAPEX ~$200

$552 Cash from ops $450 - $500

WHY INVEST IN BEMIS?

19

Robust cash flow Commitment to return FCF to shareholders

Expanding margins Multiple contributors – runway for further growth

Global pipeline of accretive projects Robust innovation pipeline and asset recapitalization program

Strong management & aligned team Committed to creating long-term shareholder value

APPENDIX: OUR BUSINESS

WHERE WE OPERATE

22

…72%*

…17%*

…6%*

...5%*

* PERCENTAGE OF TOTAL BEMIS REVENUE

FACILITIES

61

COUNTRIES

12

EMPLOYEES WORLDWIDE

~17,500

$4.1B 2015 REVENUE

23

Why customers choose Bemis:

Reliable supply; quality product

Technology leader with differentiated product

Global breadth & scale

Longevity & financial stability

OUR CUSTOMERS

Broad customer base spanning from large CPGs to small, regional brands

OUR SUSTAINABILITY COMMITMENT

24

Economic

Sustainability

Social

Sustainability

• Delivering value to

stakeholders

• Operating for the

long-term with a

sustainable

business

philosophy

• Contributing to the

economic stability

of our communities

• Reducing food

waste

• Developing

sustainable

packaging solutions

• Minimizing

manufacturing

waste

• Reducing our

impact on the

planet

• Prioritizing

employee safety

• Supporting

programs that

promote health and

well-being in our

communities

• Providing a positive

workplace with

opportunities for

growth and success

Environmental

Sustainability

WHAT’S DIFFERENT?

25

with

focus alignment with

alignment Accountability

& rigor

with

accountability

& rigor

HOW we execute…

THE CLEAR CHOICE FOR HEALTH & WELLNESS

26

Freshness Less preservatives

more sophisticated

packaging

Healthy snacking in a one-handed world

THE CLEAR CHOICE FOR SUSTAINABILITY

27

Extend shelf life To reduce food waste

Reduce material

weight & volume

Reduce & reuse in-

process waste

THE CLEAR CHOICE FOR SUSTAINABILITY

28

Flexibles replace blow-molded

bottles 70% less plastic

Reduce material

Flexibles replace metal can

Reduce material weight &

volume

THE CLEAR CHOICE FOR SOPHISTICATION & DIFFERENTIATION

29

“Display”

Shelf appeal & impression

THE CLEAR CHOICE FOR FOOD SAFETY

30

Food Safety

Heightened consumer

awareness

Evolving Food

Regulations

THE CLEAR CHOICE FOR A DIGITAL WORLD

31

Protective films

1 2

3

4 5 6 7

8

9

10

11

12

13

14

LCD Panel (exploded view)

Our high-clarity films protect layers 2,3,5,6, and 8 of

the inputs used to make LCD panels.

THE CLEAR CHOICE FOR HEALTHCARE

32

Consistent quality creates value

“To meet new market expectations, BD will be deploying a Policy of Zero Escapes across all our supplier base this year.” –Sam Machour, VP Quality Mgmt

Need for zero defects

Value Proposition

THE CONVERSION TO FLEXIBLE PACKAGING

33

The demand for flexible packaging… The speed of conversion…

Logistics savings

Shelf appeal & billboard

Less waste at the grocer

Driven by customers' filling line reinvestment

INNOVATION PIPELINE

34

Build Business

Case Development

Customer

Validation Production

Launch

shrink

protein

clear high

barrier

thermally

activated

Polymers

evolution™

bio-based

sustainable

structures

retail liquid

pouch

oxygen

scavenging

dry foods

conversion

next-gen

cans/bottles to

pouch next-gen

chemical

lamination

Our innovation pipeline supports our long-term organic growth targets

high adhesive

protect films

electronics

protective

film transdermal

patch

packaging shelf life

extension on-the-go

packages

PRODUCT VITALITY

35

Product vitality = revenue from

new specifications created over

the prior 3 years as a percent of

total year sales

15%

85%

2015 revenue New Products

Base Products

15% of Bemis revenue is from products launched over the last 3 years

INNOVATION CENTER - EARLY WINS

36

Retort Stand-up Pouch

• Flexible alternative

to can or glass

• Ideation to launch in

~6 months

Protein Packs

• Extension of

customer’s new

product line (original

package also

innovated by Bemis)

Flexible Pouch

• Conversion to

flexible from rigid

plastic

• Ideation to launch in

<9 months

APPENDIX:

SUPPLEMENTAL FINANCIAL DATA

2019 FINANCIAL TARGETS

38

Assumptions: • Constant currency (Jan 2015)

• Effective pass-through of resin prices

• Cost take-out more than offsets non-raw material inflation

• SG&A spending is held flat

• Tax rate: 34%

• Constant share count

• Interest rates in line with forward curve (Jan 2015)

• Primary working capital is 14-16% of sales (2016-2019)

($ millions) 2014 2019 2014 2019

Actual Target Actual Target

Revenue Growth ROIC

Total $4.3b $5.8b Industry quartile Bottom Top

Organic 3.0%

Inorganic 3.0% CAPEX* $186 ~$200

EPS growth* 10% 10%+

U.S. Pkg 13.1% 15-18%

Global Pkg 7.6% 10%+ Cash from ops* $248 ~$550

*excludes acquisitions

Operating Margins*

RETURN ON INVESTED CAPITAL

39

• Disciplined approach to

measurement & evaluation of

returns on all capital projects

• Increased investment in

projects that deliver higher

ROIC

*Adj ROIC = Net adj operating profit after-tax (NOPAT) divided by debt minus cash plus equity

8.3%

9.0%

9.3%

9.7%

10.5%

8.0%

8.5%

9.0%

9.5%

10.0%

10.5%

2011 2012 2013 2014 2015

Consolidated ROIC*

ADJ RETURN ON INVESTED CAPITAL

40

2015 2014 2013 2012 2011

Net Income 239.3$ 191.1$ 212.6$ 173.8$ 187.3$

Income taxes1 120.9 133.2 107.7 104.8 104.9

Interest expense1 51.7 61.2 68.2 70.9 76.8

Other non-operating income1 (6.0) (17.0) (7.9) (4.0) (1.6)

Earnings before interest and taxes (EBIT) 405.9 368.5 380.6 345.5 367.4

Restructuring and acquisition-related costs1 12.1 - 44.9 73.3 43.4

Discontinued operations impairment and plant closure 3.7 68.9 - - -

Other gains - - - - (2.7)

Adjusted EBIT (a) 421.7$ 437.4$ 425.5$ 418.8$ 408.1$

Average Invested Capital2

Debt3 1,359.7$ 1,430.7$ 1,459.0$ 1,524.8$ 1,473.3$

Equity4 1,310.7 1,617.0 1,647.3 1,612.2 1,815.5

Cash (66.6) (118.9) (142.9) (117.5) (79.4)

Average invested capital (b) 2,603.8$ 2,928.8$ 2,963.4$ 3,019.5$ 3,209.4$

Assumed tax rate5 (c) 35.0% 35.0% 35.0% 35.0% 35.0%

Adjusted ROIC - [(a) * (1 - c) / (b)] 10.5% 9.7% 9.3% 9.0% 8.3%

1 - Includes amounts related to both continuing and discontinued operations

2 - Calculated as a five-quarter rolling average

3 - Debt includes current portion of long-term debt, short-term debt, and long-term debt

4 - Excludes noncontrolling interest

5 - Tax rate assumed to be the U.S. federal statutory rate

ADJ RETURN ON INVESTED CAPITAL Q1

41

RECONCILIATION OF NON-GAAP EPS

42

Q1 Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 Q4 Full Year

Continuing Operations:

Diluted earnings per share, as reported 0.59$ 0.58$ 0.67$ 0.64$ 0.58$ 2.47$ 0.58$ 0.60$ 0.61$ 0.57$ 2.36$

Non-GAAP adjustments per share, net of taxes

Restructuring costs 0.03 - 0.01 0.01 0.05

Acquisition-related costs 0.01 0.02 0.01 0.03

Gain on Paper divestiture (0.06) (0.06)

Diluted earnings per share, as adjusted 0.60$ 0.61$ 0.67$ 0.67$ 0.60$ 2.55$ 0.52$ 0.60$ 0.61$ 0.57$ 2.30$

201420152016

RECONCILIATION OF SEGMENT OPERATING PROFIT

43

Segment Operating Profit

2016 2015

US Packaging 101.7$ 95.4$

% of Net Sales 15.4% 13.5%

Global Packaging 15.7$ 24.3$

Adjusted for:

Restructuring costs - 5.0

Acquisition-related costs 0.6 -

Adj Global Packaging OP 16.3$ 29.3$

% of Net Sales 5.3% 8.8%

First Quarter

COMPONENTS OF CHANGES IN NET SALES

44

Net Sales

($ in mi l l ions) 2016 2015 % Change

U.S. Packaging 660.5$ 707.0$ (6.6%)

Organic growth (decline) * (6.6%)

Global Packaging 307.4 333.1 (7.7%)

Currency effect (20.3%)

Acquisition effect 4.0%

Organic growth (decline) * 8.6%

Total Net Sales from Continuing Operations 967.9$ 1,040.1$ (6.9%)

Currency effect (6.5%)

Acquisition effect 1.3%

Organic growth (decline) * (1.7%)

*Organic growth (decline) = sum of price, mix, and volume

First Quarter

45