A passionate commitment to the growth and success of our customers will make Bemis the clear choice for inspired packaging solutions
INVESTOR BRIEFING
November 2018 NYSE: BMS
Our vision:
BEMIS: INSPIRED PACKAGING SOLUTIONS
We are:
a leading solution-provider of flexible and semi-rigid plastic packaging
a strong global business with a long-term focus
a S&P Dividend Aristocrat with 35 consecutive years of annual dividend increases
committed to creating long-term, sustainable shareholder value
16,000 | BMS | Neenah, WI | 1858 |
employees | NYSE ticker | headquarters | established |
Leading technologies. Broad product line. Global size & scale. Leading technologies. Broad product line. Global size & scale.
POSITIONING BEMIS FOR SUCCESS
fix, strengthen, grow
Agility provides near-term profit improvements ("fix") and creates the foundation for growth & success ("strengthen & grow")
RESTRUCTURING AND COST SAVINGS PLAN
Bemis' Agility includes our $65 million cost savings plan
($ in millions)
$65 targeted savings
$110-$125 cost, of which $75-$85 is cash
Savings timeline: $4.1 in 2017; $35 in 2018; remainder in 2019
Savings include:
$17 | $5 | $35 | $8 |
4 plant closures | consolidation of | 500 administrative | other costs |
(business moved to other | certain office space | positions | (examples include: storage, |
facilities*) | transportation, travel) |
This plan improves efficiency & profitability, properly aligns our fixed cost structure, and positions Bemis for long-term success
*One additional plant closure (for a total of 5) announced with the closure of the Shelbyville, TN facility; business from this one facility will cease and not be transferred to existing facilities.
AGILITY - STRENGTHEN & GROW
We are aligning our people, processes, and assets to excel in short-run business and non-food applications. Our pilots are underway with:
a managed product portfolio
a streamlined set of "core specs" to simplify decision-making
a quick quoting procedure
to better serve the timeline & needs of customers
sales & customer service associates supporting
equipment dedicated to servicing short-runs
Actions during 2018 lay the foundation for future growth
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Disclaimer
Bemis Company Inc. published this content on 02 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 November 2018 18:17:04 UTC