Doug Pegg

Vice President, Packaging Coatings

Williamsburg, Virginia
June 18, 2013

Information current as of
June 18, 2013
 Forward-Looking
Forward Statements
Looking Statements
Statements contained herein relating to matters that are not historical facts are forward-looking statements
reflecting PPGs current view with respect to future events and financial performance. These matters within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, involve risks and uncertainties that may affect PPGs operations, as discussed in PPGs
filings with the Securities and Exchange Commission pursuant to Sections 13(a), 13(c) or 15(d) of the Exchange
Act, and the rules and regulations promulgated thereunder. Accordingly, many factors could cause actual results
to differ materially from the forward-looking statements contained herein. Such factors include global economic
conditions, increasing price and product competition by foreign and domestic competitors, fluctuations in cost
and availability of raw materials, the ability to maintain favorable supplier relationships and arrangements, the
realization of anticipated cost savings from restructuring initiatives, difficulties in integrating acquired
businesses and achieving expected synergies therefrom, economic and political conditions in international
markets, the ability to penetrate existing, developing and emerging foreign and domestic markets, foreign
exchange rates and fluctuations in such rates, fluctuations in tax rates, the impact of future legislation, the
impact of environmental regulations, unexpected business disruptions, and the unpredictability of existing and
possible future litigation, including litigation that could result if the asbestos settlement discussed in PPGs filings
with the Securities and Exchange Commission does not become effective. However, it is not possible to predict or
identify all such factors. Consequently, while the list of factors presented here and in PPGs Form 10-K for the
year ended December 31, 2012 are considered representative, no such list should be considered to be a complete
statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to
the realization of forward-looking statements. Consequences of material differences in results compared with
those anticipated in the forward-looking statements could include, among other things, business disruption,
operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a
material adverse effect on PPGs consolidated financial condition, results of operations or liquidity. All
information in this presentation speaks only as of June 18, 2013, and any distribution of this presentation after
that date is not intended and will not be construed as updating or confirming such information. PPG undertakes
no obligation to update any forward-looking statement, except as otherwise required by applicable law.
2
Welcome

3
 Todays Timeline
7:15 - 8:00 Continental Breakfast

8:00 - 9:30 Welcome / PPG overview for Packaging Coatings

9:30 9:45 Break

9:45 11:00 PPG overview for Packaging Coatings (continued)

11:00 - 11:30 Lunch available in Randolph room

11:45 Departure for Ball Corporation tour

(safety items required for the tour will be provided)

12:15 1:30 Ball facility tour

1:45 Return to hotel / end of day

4
 PPG Deep Dive Program
Meeting objective Provide a deeper understanding of the various PPG
businesses and coatings industry sub-segments in which we operate
Typical day:
o End-use segment / industry (i.e., packaging coatings) details
o Customers
o Products / complexities
o Competitive landscape
o Geographic differences
o PPGs participation in the segment(s)
o PPGs growth opportunities
o Site visit to visually see PPG products at work for our customers

5
 PPG Deep Dive Program
PPG Deep Dive is NOT:

o Not a PPG investor day

o Not an update on the quarter or current business trends
o Not a discussion on other PPG businesses
o Not a strategic update

Education is the focus; Strong Q&A / participation desired

6
 PPG Deep Dive Program
Year Topic(s) Location Details

Transitions HQ
2006 Transitions Overview of PPGs Transitions Optical joint venture
Tampa, FL

PPG aerospace Discussed PPGs participation in the Aerospace

2007 PPG Aerospace coatings, sealants and transparency market
facility Huntsville, AL

SigmaKalon Reviewed details (markets, customers, regional

2008 Acquisition Offsite coverage, etc.) of PPGs largest acquisition which
Overview closed in January, 2008

PPG Asia and PPG Provided details of PPGs Asian operations and rapid
BMW facility growth history/prospects. Overview of PPGs
2010 Auto OEM automotive OEM coatings business and auto OEM
Greenville, SC
Coatings end-market dynamics.
Detailed review of global coatings auto collision repair
PPG Automotive Penske Racing facility market, including distribution processes and key
2011 customer requirements. Review of PPGs new
Refinish Charlotte, NC
technologies addressing market needs.
Overview of the broad, consolidating general
PPG Industrial Harley Davidson industrial coatings market with various product
2012 segmentation around end-use, application
Coatings facility York, PA
methodology and substrate.

PPG Packaging Ball Container facility Discuss packaging coatings industry, current market
2013 and product trends and growth opportunities.
Coatings Williamsburg, VA
7
 Packaging Coatings Industry
Industry End-Market Mix by Dollar Global Coatings Companies
Value of Sales (~$100B) Packaging Coatings Positions
Aerospace Packaging
2% 3%
Global Market Position
Packaging Coatings
(~$3B)
Protective
& Marine
13% PPG #2 Position

Auto OEM Architectural

6% 43% AkzoNobel #3 Position

Refinish 7% Sherwin No meaningful

Williams presence

Industrial Axalta (formerly No meaningful

Dupont) presence
26%

Valspar #1 Position

Packaging a key special purpose coating segment PPG has #2 global position

Source: Coatings World, Company Annual Reports, PPG estimates 8

Packaging Coatings

9
 Presentation Agenda

Packaging Industry Overview

Packaging Coatings Overview

Metal Packaging Types

PPGs Packaging Coatings Business

Industry Trends / Growth Opportunities

Ball Container and Plant Tour

10
 Packaging Coatings
Definitions and Acronyms:
2 PIECE CAN (2Pc): A metal can that has two parts; a stamped and drawn body and a
can end. Two piece cans are either Drawn and Wall Ironed (DWI or D&I) or Draw-Redraw
(DRD), and are made from steel or aluminum
3 PIECE CAN (3Pc): A metal can, usually made of tinplate, whose body is welded at the
side seam and has two ends.
B&B: Beer and beverage
BPA: Bisphenol A, a major component of epoxy resins used in can coatings
BPA-NI: BPA Non-Intent reflects products with BPA not intentionally added
COMPOUND: Also called seaming compound; a sealing material consisting of a water or
solvent emulsion of latex or synthetic rubber. Seaming compound is placed in the curl of
the can end for an air tight (hermetic) seal
CSD: Carbonated soft drink
DRD (D.R.D. CAN): Draw-redraw can - a can produced by forming a cup and subjecting
the cup to one or more re-drawing processes. Each re-drawing operation reduces the
diameter and increases the height of the finished can
DWI (D.W.I. CAN): A drawn and wall ironed can - a two piece can made of aluminum or
tinplated steel that is produced by forming a cup and then drawing and ironing the sidewall
of the cup into a finished can

11
 Packaging Coatings (continued)
Definitions and Acronyms:
EOE (EASY OPEN END): A can end typically made of steel or aluminum that has a self-
contained fixture for opening the can and permitting removal of the contents of the
container
FAEOE (FULL APERTURE EASY OPEN END): The full end of the can is opened by the
use of a pull ring
FAGL: Food, Aerosol and General Line
G1: PPGs solvent-based easy open end coating used in Beer & Beverage
GENERAL LINE & AEROSOLS: Cans for uses other than food and beverage
LAMINATES: A thermoplastic polymer system e.g. PET, polyolefins, nylon, etc., bonded
to the coil fed metal substrate (steel or aluminum)
MAT: Monobloc, aerosols and tubes
RETORT: When foods are sterilized in the can using superheated steam under pressure.
Conditions are usually specified by the customer (i.e.: 90' @ 250F)
UV RIMCOAT: A coating used to coat the bottom rim on a two piece beer and beverage
can. This coating, while giving protection to the metal substrate, is intended primarily to
improve the movement (mobility) of the can through the can filling line
W1: PPGs waterborne easy open end coating for Beer & Beverage

12
 Global Packaging Mix

Metal
Flexible Other aerosol
packaging packaging Metal can
Metal tins
0.2%
39.9% 0.2% beverage 0.3%
can
Paper- 7.6% Aluminum
based trays
containers 0.1%
11.3% Collapsible
Metal Metal food metal
can tubes
10.9%
Liquid 2.3% Other 0.1%
metal
cartons
0.2%
4.9% Rigid
Glass plastic
10.4% 22.4%

All packaging types ~$400B

Todays presentation focus is on metal packaging

Sources: Can Manufacturers Institute (CMI), Ernst & Young

13
 Global Packaging Industry
Rigid Flexible / Plastic
Rigid Aseptic
Metal Glass Pouch
Plastic Carton

Growth 2-3% 1-2% 2-4% 2-3% 4-5%

Cost vs. can 1x 2x 1.5x 0.8x 1x

Recyclability
Long shelf life Recyclability Cost Easy to use Resealable
Market
Portability Food Design Brand Pack
Advantages
Product content protection flexibility customization perishables
flexibility
Slower filling
Shelf life
Market Container not Freight costs Shelf life Recycling
Retort
Drawbacks resealable Energy Recycling Shelf-life
capability
intensity

Coating
Key Enabler N/A N/A Decorative if any Decorative if any
Importance
14
Source: CocaCola, Freedonia
 U.S. Beverage Packaging Market
Unit Volume by Substrate

Paper, 6%
Glass, 16% Box/Pouch, 2%

Plastic, 35%
Cans, 41%

~240 billion units

Cans are the main package in a developed market like U.S. beverage

Source: Euromonitor, PPG estimates

15
 Metal Packaging Opportunities
Retail Beverage Packaging Mix by Region: % Volume
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
U.S. & Canada EMEA Asia Pacific Latin America
~240B Units ~325B Units ~500B Units ~150B Units

Metal beverage can PET bottles/Plastic Glass Liquid cartons/paper Others

Significant global can unit growth potential remains in other major regions
Source: Euromonitor, PPG estimates
16
 Packaging Coatings Characteristics

Enhances barrier and aesthetic properties of rigid metal

packaging

Serves varied customer requirements

Variety of regulations and requirements

Provides cost advantages for metal

Strong growth opportunities remain

Coatings add additional functionality to the can

17
 Coatings Characteristics - Metal Packaging
Feature Description
Chemical Resistance
Coatings must withstand a
wide variety of food types
from very acidic peppers to
mild products such as beans
Flexibility
Coatings must be able to
withstand the forming of the
can or end after application
Application
Coatings must applied at
high speed levels
Process-ability
Coatings must be able to
withstand heat and pressure
for cooking or retort
Implication
Coatings can keeps food
safe for several years. A
failure could lead to
corrosion and ultimately food
spoilage
Flexible - allows for unique
can designs that enable
metal reduction. Corrosion
could result if the coating is
not flexible enough
Higher application speeds
result in increased
productivity for the customer
Retorting sterilizes the
packed food ensuring food
safety
18
 Resiliency of the Can
Packaging Can History
Beer
Can Al FAEOE Bottle
2pc PET
Metal Aerosol Tetra Bev Can Cans
Food DWI Food Container
Tube Pack
Can Can

1800 1900 1950 1960 1970 1980 1990 2000

Global Beverage Cans Produced Long history of growth for metal

packaging
400
Sustainability, performance and
cost drive metal can growth despite
300 availability of alternative packaging
Cans (billions)

Innovation/design capabilities are

200 key for customers

100

Source: Canmaker Institute, EuroMonitor 19

 Can Provides Unique Packaging Attributes

Sustains pasteurization & sterilization

Easily transportable around the globe

Long shelf life for consumer convenience

Nutritional value retained

 Tuna Can Demonstrates Global Functionality

UK 9%

25%
Spain 9% Spain, France
Japan 9%
66% Thailand
Atlantic & Med

Mexico 7% Philippines
9%

Pacific

Ecuador
Indian

20%

5% Where tuna is caught

Southern Ocean
Where tuna is canned (Top 4 regions)

Where canned tuna is consumed

 Can Remains Critical Packaging Material
The steel food can is one of the safest types of food
packaging. It is tamper resistant, provides an airtight seal,
is thermally sterilized and shelf stable. Food & Drug
Administration

The canning process locks in nutrients at the peak of freshness, and

due to lack of oxygen during storage, canned fruits and vegetables
remain stable giving them longer shelf life. Canned Food Alliance

Cans provide important nutrients often at a lower cost per

nutrient than fresh, frozen or dried forms.

Canned foods do not necessarily need preservatives. The heating

process used after the can is filled and sealed ensures the foods
quality.

Cans functional attributes remain key factor to longevity

Source: Canned Food Alliance 22
 Packaging Growth Continues
1600

Other
1400 CAGR
4%
1200 Flexible plastic
5%
Billions of Units

1000 7%
Liquid cartons
800 2%

Glass
600

6%
400 PET bottles

200
3% Metal beverage
can
0
2004 2009 2013

Metal packaging remains one of the most utilized materials in growing industry

Source: Euromonitor
23
 Metal Packaging Coatings Market Segmentation
Beverage Bodies = interior
& exterior coatings
Market Segmentation
Beverage EOE = end
coatings

Food = interior, exterior &

end coatings
Others Beverage
General Line & Aerosols =
interior & exterior coatings

Food, Aerosol and Caps & closures = interior

General Line (FAGL) & exterior coatings
Monobloc, Aerosols &
Tubes = interior & exterior
coatings
Other = inks,
Source: PPG Estimates
pretreatment, compounds 24
 Packaging Coatings End-Use Markets

Beer & Beverage Food, Aerosol & General Line

Caps & Monobloc &
Other
Total Aerosol & Closures Tubes
Bodies Ends Food
Packaging General Line

Estimated Market $3B 20-25% 10-15% 5-10% 25-30% 5-10% 5-10% 15-20%

Top 3 Share % 65-70% 90-95% 95-100% 45-50% 70-75% 45-50% 55-60% 25-30%

Market Growth 3% 4% 5% 2% 2% 2% 4% 2%
PPG Position Top 3 Top 3 Top 3 Top 3 Top 3 Top 3 Top 3 Top 3

# of Customers tens tens hundreds hundreds hundreds hundreds hundreds

Standard Standard of Changing Standard of Global GDP Personal Brand

of Living Living Consumer Living Growth Care Habits Owner
Glass Glass Tastes Changing Standard of Growing Design
Bottle Bottle Industrial Consumer Living Middle Capability
Macro Drivers Restriction Restriction Production Tastes Birth Rates Class
in Asia in Asia Residential Dietary
Green Green Construct- Trends
ion

Metal packaging serves a variety of different segments

Source: IRFAB, KNG, Orr & Boss and PPG Estimates 25

 Metal Packaging Segment Examples

Food, Aerosol, General Line Beer & Other

(FAGL) Beverage
3Pc Aerosol & 2Pc & 3Pc Caps and Monobloc
Food Other
General Line Bodies Closures Aerosol & Tubes
25-30% 15-20%
5-10% 20-25% 5-10% 5-10%

Beverage Monobloc
2Pc DWI 3Pc Aerosol
Closures Aerosol

Easy Open
Ends
General Line / 10-15%
FAEOE Food Closures Aluminum Tubes
Drums

3Pc Food

Draw-ReDraw
(DRD)

Source: PPG Estimates 26

 Packaging Coatings Can Types

3 Piece 2 Piece 2 Piece

Monobloc
Food Food Beverage

Metal 200 microns 175 microns 150 microns 350 microns

Thickness 0.008 inches 0.007 inches 0.006 inches 0.014 inches

75% Aluminum
Substrate 90% Steel
100% Steel 25% Steel 100% Aluminum
Used 10% Aluminum
(NA 100% Al)
Coatings Interior Spray
Rollcoat Flat Interior Spray
Application Interior Spray Exterior -
sheet Exterior - Rollcoat
Method Rollcoat
Lowest cost - Beverage design
Lowest cost
Reason Aggressive food best for aerosol
(materials &
Utilized products low/medium higher end
efficiency)
aggressive foods packages/designs

Source: PPG Estimates

27
 Types of Coating Application
Spray Coating
Market Percent
Application 15-20%
Method Viable For:
For application of interior
Primary Purpose:
coatings of preformed cans
Advantages: Can coat non-planar surfaces
Maintain high transfer efficiency
Application
(75%), film thickness/coverage
Challenges:
uniformity, increasing line speeds
2Pc bev, 2Pc food, MAT
Major Segments
Used:

28
 Types of Coating Application
Roll Coating
Market Percent
Application 10-15%
Method Viable For:
For application of exterior
Primary Purpose:
coatings of preformed cans
Can coat non-planar surfaces,
Advantages:
100% transfer efficiency
Application High line speeds, transfer
Challenges: efficiency
2Pc bev, MAT
Major Segments
Used:

29
 Types of Coating Application:
Coil and Sheet Coatings
Market Percent
Application 60-65%
Method Viable For:
For application of interior and
Primary Purpose: exterior coatings for
steel/aluminum coils and sheets
100% transfer efficiency, low
Advantages:
maintenance
Planar surfaces only, may require
Application
multiple layers, can formed after
Challenges:
coating applied
3Pc bev, 3Pc food, DRD, FAEOE,
Caps and Closures, General line,
Major Segments 3Pc Aerosol, Bev EOE
Used:

30
 Typical Metal Can Coatings: 3 Pc Food

Side Seam Stripe

(SSS)
Coating applied after the Interior Gold -
can is fabricated to Protects metal
protect the welded from corrosion
seam from corrosion

Ext. Clear -
Protects metal
from corrosion &
assists in can mobility
during processing

Note: Many food cans are heated

after filled/sealed to sterilize
contents. Coating must be
flexible due to can
3 Piece Food expansion/contraction
31
 Typical Metal Can Coatings: 2 Pc Food DWI

FAEOE Interior
FAEOE Ext.

Post Repair
Spray (PRS)

Inside Spray

Washcoat

2 Piece Food Drawn & Wall Ironed (DWI)

Full Aperture Easy Open End (FAEOE) 32
 Typical Metal Can Coatings: 2 Pc Beverage
Easy Open End (EOE) Coating
prevents corrosion and assists
in stamping of the end
(Interior and Exterior)

Inside Spray (IS)

prevents
corrosion from
packed product
Over Varnish
(OV) protects the ink,
allows movement in the
filling can line, prevents
scuffing during Rim Coat - prevents
transportation corrosion of bottom
of cans and allows
Inks for movement in the
provides filling equipment
decoration
2 Piece Beverage 33
 Metal Can Coatings: General Line & Aerosol

Interior coating:
Protects metal
from corrosion

Side Seam Stripe (SSS):

Coating applied after the
can is fabricated to
protect the welded
seam from corrosion

Inks and basecoats:

Provides color and
decoration

External coating:
Protects metal
from corrosion &
assists in can mobility
during processing
General Line Aerosol 34
Typical Metal Can Coatings: Monobloc & Tubes

Inside Spray (IS)

prevents
corrosion from
packed product

Inks and basecoats

provides color and
decoration

Over Varnish
(OV) protects the ink,
allows movement in the
filling can line, prevents
scuffing during Over Varnish
transportation (OV) protects the ink,
and provides various gloss
effects

Monobloc Tubes
35
PPG Position

36
 PPG Packaging Coatings Evolution
From the 1990s, several significant acquisitions
have turned PPG packaging coatings business
Dammam
unit into a key global business - Middle East

COURTAULDS 2012
PPG starts to produce - Europe
PACKAGING COATINGS, - North/South America BAIRUN
primarily in the USA - Asia - Asia

1999 1999 2010

1940 1950 1960 1970 1980 1990 2000 2010

BASF
- Europe
1997 - North/South America

MAN-GILL CHEMICALS
1997 - North America

37
 PPG Packaging Coatings
Gonfreville, FR Bodelshausen, GR
Oak Creek, WI Cieszyn, PL *

Suzhou, CH
Rubi, ES

Foshan, CH *

Dammam *
San Juan
del Rio, MX
Bangplee, TH
Sumare, BR *

Alrode, RSA *

Clayton, AU
* New in past 5 years

PPG - well established operations in all major regions of the world

38
 PPG Product Range
PRODUCT RANGE

Beverage cans Food cans

Complete systems
ranging from Caps &
pre-treatment, Closures
coatings,
compounds and
Aerosols and tubes inks, for aluminium
& steel cans and
ends.

Industrial
packaging
(General Line)
Specialty packaging
(General Line) Promotional packaging
(General Line)
39
 PPG Packaging Value Chain

Value Chain
Coating Aluminum Brand
Can Maker
Supplier Supplier Owner

02/26/13

40
 PPG Packaging Value Chain

Coatings Customers
Value Chain
Coating Aluminum Brand
Can Maker
Supplier Supplier Owner

02/26/13

41
Packaging Coatings Can Makers

Can maker size ranges from large multi-national to local

42
 PPG Packaging Value Chain

Coatings Customers Fillers

Value Chain
Coating Aluminum Brand
Can Maker
Supplier Supplier Owner

02/26/13

43
Packaging Coatings Fillers

44
 Customers Expected to Consolidate as Regions Mature
Total Packaging Coatings Industry Customers Mix by Region

Others

Top 10
Others Customers
Top 10
Customers

North America < $1B EMEA > $1B

Top 10
Customers

Others
Top 10
Customers
Others

Asia Pacific > $0.5B South America < $0.5B

Source: PPG Estimates 45
 Packaging Coatings Summary
Highly sophisticated/technical coatings that preserve can
contents and provide customers aesthetics/marketing advantages
Products
Array of coatings required for variety of application methods
and different can types

Global and local customers (further consolidation expected)

Customers High level of customer intimacy, including production yields

Customer brand protection

Regulatory Government coatings product approval required in many cases

and
Legislative Legislative landscape driving new technologies globally

Food and beverage packaging coatings are highly complex

46
Recent Industry Trends

47
 Global 2Pc Beverage Can Growth 2013-2018
& Per Capita Beverage Consumption
Per capita can Europe:
consumption = # 59B
+3%
+9bn

70

North America:
92B
350 17
0%
Flat 2

80 Asia Pacific:
Latin America: 75B
26B +6%
+8% +25bn
Global:
+12bn 2013 Can Production: 252bn
% CAGR 2013-2018: +3%
2018 Growth (cans): +45bn

Per capita can consumption varies greatly by region

Source: CMI, PPG Estimates 48
 Beer is a growth segment
Global beer market
Beer Beer
Production Production
Percentage
Country CAGR
in cans Global beer segment - $500 Billion
(MM
kiloliters) (2000-2010)
Bud Light top selling global beer - $5B

China 45 7% 5% ABINBEV, SABMiller, Heineken, and

Carlsberg account for 46% of the
U.S. 23 0% 53% global market

Americans save enough energy thru

Brazil 13 4% 25% aluminum recycling to light Pittsburgh
for six years
Russia 10 7% 15%
The average life cycle of an aluminum
beverage can is six weeks, including
Germany 10 -1% 2%*
the time it takes to be manufactured,
filled, sold, recycled and re-
Mexico 8 3% 53% manufactured
* Post enactment of stringent recycling legislation

Significant opportunity remains for can consumption growth aided

by global beer growth and shift to cans 49
49 of 129
 Beer Package Trends
U.S. beer by container type

60%
51.0% 50.0% 51.4% 51.9% 52.5%
49.0% 48.0% 48.0% 48.2% 48.4% 48.5% 49.3%
50%
42.0% 41.9% 42.0% 41.8% 40.9%
40.0% 41.0%
Billions of Cans

38.0% 39.0% 39.0% 38.2%

40% 37.0%

30%

20%
9.0% 9.0% 9.0% 9.0% 9.0% 9.2% 9.3% 9.5% 9.5% 9.4% 9.6% 9.6%
10%

0%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Cans Bottles Draught

Beer remains metal package growth segment in U.S., moving to cans

in other regions
50
Source: CMI
 Packaging Innovation Concentrated around
Consumption Cycle Stages
Green-Driven Visual Appeal
Spurring interest
Creating and intrigue with
environmentally eye-catching iconic
Pre- components of
friendly packaging
Example: Balls
Consumption packaging
ReAlTM metal Example: High-res
technology photo quality ink
printing &
Post customizable laser-
Consumption incised tabs

Utility-Driven During Quality-Driven

Consumption
Providing Providing features
convenience and that enhance the
added value to quality of the
consumers with product, perceived
features or actual
Example: aluminum Example:
re-sealable bottles & SmoothPour end
full aperture
beverage end

51
Source: CMI & Ball Corp
 Brand Owners Using Can to Rejuvenate Products

Bottle Can Bow-Tie Can Slim Can Expanded Size

500MM bottle Multiple shapes Slimmer shape Broader range

cans re-invigorate targeting energy of can sizes
brands drinks and increase brand
3 new can
women owner offering
manufacturing Can design
lines in U.S. intended to
draw younger
consumers to
brand

52
 Specialty Coatings Growth
Bottle Can Coffee Caps
New look for existing product Unique products for niche
Provides visual look of glass markets
bottle

Specialty Finishes
Innovative products, e.g. tactile / matte / soft
touch etc.
Brand owners looking for visual difference
makers

53
 Metal Cans = Green Packaging
Carbon Footprint per Container

Recycling
Cuts CO2 up to 60%
Cans ~ 60%
Infinite
Grams of CO2
Plastic < 20%
Degrades

Can infinitely recycle Lowest CO2 emission

Source: Coca Cola study in Conjunction with Carbon Trust and Can Maker, April 2009 54
 U.S. Recycling Rates (%)
Aluminum Beverage Can Steel Containers
100 100
90 90
80 80
70 70
60 60
50 50
40 40
30 30
20 20
10 10
0 0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2003 2004 2005 2006 2007 2008 2009 2010

Recycling rates on the rise

55
Source: CMI
 Packaging Coatings Remain a Small Cost Component

Coatings cost is < 10% of

3.9 packaging cost

Coatings are a fraction of total food dollar cost, but provide significant degree of
functionality, value and flexibility for the overall industry
56
 Key Industry Trends
BPA-NI Development and Commercialization
Growth Opportunities in Emerging Regions

57
 Package Coatings Long Product Life Cycles

SB
Bev OV Bev EOE 3Pc Food
Gold

PPG 2Pc Food SB

I/S Bev EOE
2Pc Bev
I/S
2Pc
Bev I/S
3Pc Food
Gold
Competitor A

2Pc Food
WB I/S SB 3Pc Food
Bev OV Bev EOE Bev EOE Gold
Competitor B 2Pc
Bev I/S

5 10 15 20 25 30
Age in Years

Without disruptors, products last for decades

58
 New Product Qualification Process Example
Screening
Formulation
Food Can Internal

Pack Testing
Regulatory
FCN if required
Line Trials
Key Filler Trials 1-2 years
Other pack testing 1-2
years
Scale-up trials
Commerc-
ialization
Year 1 Year 2 Year 3 Year 4

Externals Requires Re-approval

FDA not required Moderate dry film formula
Short filler testing changes
1-2 years to Unacceptable pack or
commercialize flavor data

Long, rigorous approval process for many packaging coatings

59
 Pack Tests

Bad Pack Result Good Pack

Result

Pack tests consume time, whether results are good or bad

60
 New Product Qualification Process Example

Can
Manufacturer
(Customer)

Canning Plant Canning Plant Canning Plant

A B C

Product X Y Z D F P R Product
E Q

Qualification may occur customer-by-customer, plant-by-plant, product-by-product

61
 Epoxy Coatings Attributes

Excellent adhesion to various metals

Excellent corrosion resistance
Low impact on flavor
Long shelf life
Flexibility
Chemical/Pack resistance
Cost effective
Formulation and application latitude

New technologies need to replicate functional attributes of epoxy coatings

62
 Epoxy Synthesis

+
Bisphenol A Epichlorohydrin

Epoxy

63
 BPA History
Professor Fredrick vom Saal in the 1990s tied low dose BPA to endocrine
disruption in studies that have not been repeated to date

CH3

HO C OH

CH3

Europe successfully defended safety of BPA using sound science in

early 2000s - Efforts moved to the US the past 7 years

NGOs in the US have recently focused on infants and children which

has allowed new traction for BPA-NI initiatives

Millions of dollars being spent on additional BPA studies

64
 Media Coverage on BPA
The media coverage with regard to BPA remains at a constantly high level

Bisphenol A linked to Bisphenol A Makes

Chemotherapy Girls Mean
BPA linked to resistance by Lloyd Alter, Toronto on 10.6.09
breastcancer by Dama Kimmon, UC health news
CINCINNATIExposure to
risk bisphenol A (BPA) may reduce
by Ben Wassermann, the effectiveness of
Foodconsumer.org chemotherapy
A new study published
in the Oct 9 2008 issue
of Archives of Gender-Bender
Toxicology suggests
that exposure to Chemicals found in tins
bisphenol A may by JAMES CHAPMAN, Daily Mail
increase risk of breast
cancer
6,010,000
Google hits on
BPA Exposure Bisphenol A
Risks: New Study
Links Bisphenol A to 550,000
115,000 278,000
Anxiety and MOre
by Janelle Vaesa, Decoded Science 2009 Apr-10 Week 20 2010 30-Nov-11

65
 Media Coverage on BPA (Continued)

October, 2010 66
 BPA is Almost Everywhere
Electrical boards, switches, Glazing, corrosion
lamps, parts for kitchen tools, protection, concrete Sports helmets,
hair dryers, razors reinforcement, flooring safety glasses,
visors, toys,
Leisure and safety racing boats,
ski/golf/tennis
House hold Architecture equipments
equipments
Medical practice Lenses,
dialysis
devices,
blood sample
reservoirs,
medical
equipment,
dental fillings

Automotive
Front & rear
light covers,
Food & beverage Household Entertainment & Communication interior
equipment equipment
parts, covers,
automotive
coatings

food and drink cans, bottles, Mobile phone housings, CDs,

cutlery, food storage DVDs,
containers, jar sealants computer circuit boards
67
 BPA Activities Around The Globe
Harvard Canada bans BPA
Center for baby bottles &
North America

infant formula cans Connecticut bans

Review
BPA use in infant
formula cans

Vom Saal Minnesota bans

Vom Saal BPA in baby bottles
publishes
Review
low-dose
Follow-up
theory
study FDA re-affirms FDA re-affirms
BPA safety BPA safety

1998 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
115 BPA
studies France bans
globally BPA in all food
packaging

EFSA re-affirms
Europe

BPA safety France & Belgium ban BPA

in packaging materials
intended for children

France proposes initial Sweden bans BPA in

bill to ban BPA in food packaging
food packaging materials for children

68
 BPA Legislative Update
North America
All infant formula cans converted
to BPA-NI (Connecticut law
banning BPA in baby bottles, cups,
and canned infant formula -
October 2011)
30 BPA initiatives have been
introduced in 13 states plus one
in Puerto Rico during 2013
Minnesota, Maine and Nevada
have all recently passed BPA
initiatives for 2014
EMEA
France is unmoved by EFSA
report findings and proposes
BPA ban for:
January 1, 2013 infant
formula
January 1, 2014 all canned
food products
Belgium has proposed a law
banning BPA in food packaging
material for children. Effective in
January 2013
69
 BPA Legislative Update
Asia Pacific
China MOH: BPA banned in baby
bottles. BPA is permitted for the
production of other food packaging
materials, containers and coatings
except for infant & young children
feeding bottles. -May 30,2011
Thailand government decided to
expedite conversion to BPA-NI
technologies to protect export
food can sales.
Currently worlds largest exporter of
canned sweet corn, canned
pineapple and canned fish
Conversions have started with
completion in 2014
South America
Brazilians Sanitary Agency ANVISA
implemented national ban for BPA use
in infant bottles on Sep 2011. The
decision meet the precautionary
principle and seeks to protect children
from 0-12 months.
On April 2012, Mercosur (South
American trading union) issued a
resolution banning BPA in baby bottles,
implementing as individual national
legislation by Nov 2012 with Argentina
postponing to Jan 2013.
Colombia issued resolution banning
BPA in materials with direct contact
with food and beverages.
70
 Washington Post - February 23, 2010

"It doesn't matter what the FDA says. If

consumers decide they don't want BPA, you
don't want to be in a can that consumers don't
want to buy," said one source at a major U.S.
food company who spoke on the condition of
anonymity.

71
 Can Customer Statements

In addition, Gerber and

Nestl Nutrition are
committed to making all
food and formula packaging
BPA-free as soon as
possible Gerber Website
In response to mothers
seeking BPA free products,
Abbott is pleased to share that
it has now achieved "BPA free"
status in all of its Similac
brand powdered infant formula products. -
Abbott Nutrition Website
Although scientific bodies
worldwide have concluded
that minute levels of BPA are
safe, Heinz is proactively
exploring alternatives to BPA
in response to consumer
opinion.
Heinz Corporate Social
Responsibility Report 09

We continuously look for alternatives to improve our packaging

We are working with third-parties that produce can liners to explore
possibilities that include alternatives to liners with BPA. Currently, the
only commercially viable lining systems for the mass production of
aluminum beverage cans contain BPA. -CocaCola Website 2011

72
 North America Customer Actions

Infant liquid and powdered formula in cans

converted 2011
Smaller organic food companies (Amys Kitchen,
Eden Foods) proactively converting to BPA-NI
Campbells Soups announced desire (February
2012) to convert to BPA-NI - no specific timeline
but conversions have started

73
 EMEA Industry Actions

Nestle announced global conversion in all

segments to BPA-NI by end of 2014

Bonduelle in France moving forward with BPA-NI

food can coatings in advance of French
legislation

Major European fillers moving quickly to supply

BPA-NI cans to avoid labeling requirements

74
 Regional BPA Conversion Catalysts

Likely
regional Export
Legislative Consumer
conversion
catalyst

Conversion catalyst(s) will likely differ by region

75
 BPA NI Conversion in Stages*
* PPG Current Projection

2011 2012 2013 2014

Infant Formula

Beverage

Pet Food

Food

76
 BPA NI Conversion Complexity Will Require A Variety of
General Line (FAGL) Solutions and Technologies
Food, Aerosol,

Acrylics
Food FAEOE, 2pc DWI,
Staining
25-30% 3pc Food, Draw- Corrosion
Re-Draw (DRD) Polyesters
Acid Packs
High Salt
Vinyls
3Pc Aerosol &
Pitting
3Pc Aerosol,
General Line General Line / Flavor
5-10% Phenolics
Side stripes Aggressive
Packs
2Pc & 3Pc Long shelf life
Beverage

Bodies Liners and Roll coats

Impact-
Beer &

20-25% varnish
resistance
Coil coats
Easy Open Dusting
Ends Interior/exterior
10-15% EOE Ease of opening
Spray coatings
Package
integrity
Caps and Interior/Exterior Color intensity
Closures /Compounds UV-EB, powder
5-10% Durability
Other

Aluminum Chemical
Monobloc bottles and Water-based
Aerosol & Tubes
Tubes
resistance
5-10%
Solvent-based
Other Inks
15-20% 77
 PPG BPA-NI Development Effort

PPG BPA-NI products commercial or in testing:

Beverage & MAT
Beverage Ext
Beverage EOE
Beverage Spray
MAT

Food Cans
3-Pc
2-Pc DWI Food Cans
Food EOE
Drawn Cans
Closures Twist Offs

PPG - millions of dollars in global R&D investment and over 7 years

of development time to date
78
 Who is Currently Inside the Can
Current Global Beverage Inside Can Market Share

PPG

Other Global
Competitors

Significant
Current Global Food Inside Can Market Share opportunity for PPG
with BPA-NI

PPG

Other Global
Competitors

Shift to best available BPA-NI technologies provides window of opportunity for PPG
79
Source: PPG Estimates
 Inside a Beverage Can North America

N.A. Beverage Inside Can Market Share

PPGs history of no
PPG inside the can share
provides market share
Other Global upside as can makers
Competitors convert to best
available technologies

Potential share gain opportunities for PPG in N.A. market

80
Source: PPG Estimates
 PPG is Market Leader in BPA-NI Conversions
BPA-NI Conversions Percent of BPA-NI Conversions
using New Products to Date
BPA-NI Demand
Yet to be Regional
Converted Competitors

BPA-NI Demand Other

Converted using Global
New Products Competitors

BPA-NI Demand
Converted using PPG
Legacy Products

0% 10% 20% 30% 40% 50%

BPA-NI technology (legacy & by new design) still small portion of total demand
BPA-NI products are starting to gain initial traction (speed will be determined by:
performance, pull & cost)
Several archived formulations are BPA-NI, but are considered a step back from current
products / functionality

Majority of BPA-NI conversion still to come

81
Source: PPG Estimates
 BPA Status / Summary

Media and NGO pressure, coupled with regional

legislative action, will likely drive brand owners (fillers)
to eliminate BPA from metal packaging coatings in the
short-to-medium term

New BPA-NI coating technologies are being introduced

to the marketplace to replace epoxy systems

Unique opportunity for PPG due to share position on

the inside of the can

PPG committed to developing new technologies that

meet the customers requirements

82
 Global 2Pc Beverage Can Growth 2013-2018
& Per Capita Beverage Consumption
Per capita can Europe:
consumption = # 59B
+3%
+9bn

70

North America:
92B
350 17
0%
Flat 2

80 Asia Pacific:
Latin America: 75B
26B +6%
+8% +25bn
Global:
+12bn 2013 Can Production: 252bn
% CAGR 2013-2018: +3%
2018 Growth (cans): +45bn

Emerging regions provide significant opportunity for can growth

Source: CMI, PPG Estimates 83
 Packaging Production Growth
Metal Can Production China Metal Can Production
Outpaces GDP
1.60 1.60

1.40 1.40

1.20 1.20

1.00 1.00

0.80 0.80
2009 2010 2011 2012 2013 2009 2010 2011 2012 2013

Global Asia/Pacific China Metal Can Production

China GDP
Indexed to 2009

Asia driving recent and future growth in metal can production

Source: IHS Global Insights; PPG Estimates
84
 Metal Packaging Coatings Global Demand

By Region By Region
2013 2018

South South
America America
North
North America
America
Asia /
Pacific Asia /
Pacific

EMEA EMEA

CAGR > 3%
Excludes Japan

Emerging regions growth will shift global metal packaging landscape

Source: PPG Estimates and Projections 85
 Global Can Manufacturing Lines Increasing

1,200
140
155 270
48
210 480 115
740

= 100 Lines 200 275

40

Bev Lines Food Lines GL Lines

Number of Global Can Lines

2000 +90 +75
1500
# Lines
1000
+15
500

0
Food Bev GL
2012 2017 86
Source: PPG Estimates
 Packaging Coatings Competitive Landscape

Developed Regions Emerging Regions

Top 3 = ~70% Top 3 = ~60%

Others
Others
Akzo,
Akzo, PPG,
PPG, Valspar
Valspar

All values exclude Japan

Emerging regions less penetrated by multi-national coatings companies

Source: PPG Estimates
87
 Packaging Coatings Competitive Landscape
Concentration of Packaging Coatings Suppliers by Region

Others
Others

Top 5

Top 5

Others

Top 5

Others

Top 5

In addition to market growth, Asia remains the largest opportunity for share
gains for multi-national coatings companies
Source: PPG Estimates
88
 PPG Packaging Coatings Number 1 in Asia/Pacific
PPG share in
Top 3

Korea

China

India

Vietnam PPG share in

Top 2
Philippines
Thailand

Malaysia
Indonesia ANZ

PPG already well established in Asia-Pacific region

Source: PPG Estimates
89
PPG Supplying Global Customers in Asia

90
PPG Supplying Local Customers in China

91
 Beer Market by Region / Can Concentration
10B % in cans
liters

USCA
EMEA

Brazil Key:
Country
China % share of global growth

China is fastest growing beer market and in early stages of can conversion aided by
desire to eliminate inefficient energy usage on glass bottle production
Source: PPG Estimates
92
 China Can Growth to Continue

2Pc China Can Production Segment Drivers

Macro
45
Strong domestic can demand
40 Low cans per capita consumption
35 Increasing concern on food safety
30
Industry
25
3Pc to 2Pc conversion (~30% savings)
20 2PC beer bottle to can conversion on-going
15

10 3PC
2PC 3PC
5 Niche
B&B Top Brands
Brands
0
2008 2010 2012 2014 2016 2018
Billion/Cans

Sales 2008- 2013-

CAGR 13 18 Kingway Yin Lu Wong Lo Kat

2PC 14% 12%

Increasing Increasing Flat
Source: PPG Estimates and Projections 93
 China Investing in 2Pc Can Lines
Year 2012 2013 YTD
16 new lines 8 new lines
commissioned commissioned

PPG awarded PPG awarded

coatings business coatings business
on all 16 new lines on all 8 new lines

Quality products,
strong customer
relationships,
broad regional
presence

PPG successfully growing in China

94
 Asia Expected to Remain a Growth Region

Population growth
Higher disposable income
New investment in metal packaging industry
Increased sophistication of distribution and
retail channels
Beer glass bottle to beer can conversion
Seafood / crop yields (e.g. tuna, sardines, sweet
corn, pineapple etc.)

Trends support continued packaging growth

95
 Emerging Region Growth Potential
Emerging Regions - Packaging
2 PC Can Market Growth
Coatings Market Size
160 70,000

140 60,000

120
Number of Production Plants

50,000

Number of cans-(Billions)
Asia (x-China &
100 Japan)
40,000

80

30,000
60 Latin America

20,000
40
China
20
10,000 Central &
Eastern Europe,
Middle-East and
0 0 Africa
2008 2009 2010 2011 2012 2013 2014
Year

China Rest of AP. Total Cans Produced (MM)

Emerging region growth potential is not limited to China

Source: PPG Estimates 96
 Value PPG Brings in Emerging Regions

Global reach
Long-term track record
Proven products with quality consistency
Diversified product portfolio
Strong customer relationship
Responsive technical service support
EHS compliance
Ethical culture

97
 PPG Presentation Summary

o The packaging industry, including metal cans, is a broad and

growing global industry
o The metal can remains one of the most desired packaging
materials due to wide functional capabilities and cost
o Packaging coatings are critical to functionality of the can
o Current industry trends in packaging coatings include coatings
technology changes and emerging region growth

o PPG is a leading packaging coatings supplier serving both

global and local customers in all major regions of the world
o PPG is well positioned to capitalize on these opportunities
given our current market positions, global breadth and strong
focus on development of new packaging coatings technologies

98
 Ball Corporation

Founded in 1880 by five Ball brothers

2012 revenue of $8.7B Fortune 300
One of PPGs largest packaging coatings
customers
PPG supplier to Ball for 50+ years
PPG supplies Ball globally

99
 Ball Williamsburg

Opened in 1972
4 line aluminum beverage can plant
Produces about 3B cans per year
Major labels are Budweiser, Bud Light, Coke,
Diet Coke, Sprite, Rockstar, Mountain Dew Kick
PPG Products
Clear over varnish
Matte over varnish
Bottom rim coat
Pre-treatment chemicals

100
Appendix

101
PPG Executive Profiles

102
PPG Executive Profiles

103
PPG Executive Profiles

104