Sonoco Second Quarter 2012 Results July 19, 2012

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Forward-Looking Statements

Today’s presentation contains a number of forward-looking statements based on current expectations, estimates and

projections. These statements are not guarantees of future performance and are subject to certain risks and uncertainties.

Therefore, actual results may differ materially.

Information about the Company’s use of non-GAAP financial measures, why management believes presentation of non-GAAP

financial measures provides useful information to investors about the Company’s financial condition and results of operations,

and the purposes for which management uses non-GAAP financial measures is included in the Company’s Annual Report

and on the Company’s website at sonoco.com.

Pursuant to the requirements of Regulation G, the Company has provided definitions of the non-GAAP measures discussed

during this presentation as well as reconciliations of those measures to the most closely related GAAP measure on its

website at sonoco.com.

This presentation does not constitute the solicitation of the purchase or sale of any securities.

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EPS Summary 2nd Quarter: 2012 Vs. 2011

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2012 2011

Actual EPS $0.50 $0.52

Addback for:Restructuring & Asset Impair 0.08 0.07 Acq Related & Other Adjustments - 0.01

Base EPS $0.58 $0.60

Sonoco Guidance $0.55 to $0.60

First Call Consensus $0.58

2nd Quarter

P&L Summary (Base) 2nd Quarter: 2012 Vs. 2011 (Dollars in thousands)

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2012 2011 $ %

Net sales 1,202,359$ 1,127,865$ 74,494$ 6.6%

Cost of sales (985,817) (936,775) (49,042) -5.2%

Gross profit 216,542 191,090 25,452 13.3%

SG&A and other expense, net (118,456) (98,282) (20,174) -20.5%

Income before interest and taxes 98,086 92,808 5,278 5.7%

Net interest (15,248) (8,174) (7,074) -86.5%

Income before income taxes 82,838 84,634 (1,796) -2.1%

Provision for income taxes (27,130) (26,998) (132) -0.5%

Income before equity in earnings of affiliates 55,708 57,636 (1,928) -3.3%

Equity in earnings of affiliates, net of tax 3,934 3,416 518 15.2%

Net income 59,642 61,052 (1,410) -2.3%

Noncontrolling interests 15 (271) (256) 94.5%

Net income attributable to Sonoco 59,657$ 60,781$ (1,124)$ -1.8%

EPS diluted 0.58$ 0.60$ (0.02)$ -3.3%

Better / (Worse)

Sales Bridge 2nd Quarter: 2012 Vs. 2011 (Dollars in thousands)

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Q2 - 2012 YTD 2012

2011 Sales $1,127,865 $2,245,188

Volume / Mix (12,752) (23,807)

Price 2,748 9,437

Acquisition 123,706 238,470

Exchange / Other (39,208) (54,559)

2012 Sales $1,202,359 $2,414,729

Base EBIT Bridge 2nd Quarter: 2012 vs. 2011 (Dollars in thousands)

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Q2-2012 YTD 2012

2011 Base EBIT $92,808 $183,979

Volume / Mix (13,570) (29,491)

Price / Mat'l, Energy, Frt Costs 16,259 24,551

Productivity 9,715 20,885

Acquisition 9,428 15,025

Other (12,595) (14,780)

Pension (3,959) (7,852)

2012 Base EBIT $98,086 $192,317

Segment Sales and EBIT ($MM’s)

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2012 2011 Sales $477 $491 Base EBIT $42.7 $40.2 EBIT as % of Sales 9.0% 8.2%

2012 2011 Sales $142 $26 Base EBIT $11.7 $3.5 EBIT as % of Sales 8.2% 13.1%

2012 2011 Sales $475 $485 Base EBIT $39.7 $40.4 EBIT as % of Sales 8.3% 8.3%

2012 2011 Sales $108 $126 Base EBIT $4.0 $8.7 EBIT as % of Sales 3.7% 6.9%

2012 2011 Sales $1,202 $1,128 Base EBIT $98.1 $92.8 EBIT as % of Sales 8.2% 8.2%

1st Qtr (Actual)

2nd Qtr (Actual)

3rd Qtr

Full Year

2011 Base EPS

$0.57 $0.60 $0.66 $2.29

2012 Base EPS

$0.52 $0.58 $0.62 – $0.66 $2.34 – $2.39

Earnings Guidance

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Cash Flow 2nd Quarter: 2012 Vs. 2011 (Dollars in thousands)

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2012 2011 2012 2011

Cash from operations (See Note A) 42,929$ 45,921$ 144,401$ 32,075$

Purchase of property, plant and equipment, net (54,864) (33,980) (102,034) (70,466)

Cash Dividends (30,178) (28,908) (59,343) (56,985)

"Free Cash Flow" (42,113)$ (16,967)$ (16,976)$ (95,376)$

Acquisitions - (10,395) (503) (10,395)

Shares acquired, net of shares issued 1,276 5,623 2,545 (32,324)

Change in debt 68,521 (31,593) 32,436 112,142

Change in cash 19,905 (51,193) 20,482 (24,267)

Note A: Cash from operations includes pension and post retirement plan contributions of: (8,516)$ (12,346)$ (58,964)$ (110,482)$

2nd Qtr YTD

Appendix

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OCC: Southeast Yellow Sheet 2012 Vs. 2011 Vs. 2010 (Price / Ton)

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J F M Avg A M J Avg J A S Avg O N D Avg

2010 110 140 175 142 145 130 125 133 120 120 130 123 145 160 160 155

2011 150 140 140 143 140 140 150 143 170 175 175 173 160 110 110 127

2012 110 110 135 118 135 125 125 128

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

Balance Sheet (Dollars in thousands)

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07/01/12 04/01/12 Change $

Cash and cash equivalents 196,005$ 176,100$ 19,905$ Trade accounts receivable, net of allowances 647,203 664,429 (17,226) Other receivables 34,143 31,837 2,306 Inventories 407,425 411,422 (3,997) Prepaid expenses and deferred income taxes 78,853 66,593 12,260

Current Assets 1,363,629 1,350,381 13,248

Property, plant and equipment, net 1,017,705 1,027,625 (9,920) Goodwill 1,105,037 1,110,504 (5,467) Other intangible assets, net 289,625 297,179 (7,554) Other assets 248,920 246,736 2,184

Total Assets 4,024,916$ 4,032,425$ (7,509)$

Payable to suppliers and others 788,667$ 829,962$ (41,295)$ Accrued taxes 5,372 14,860 (9,488) Total debt 1,318,951 1,251,897 67,054 Pension and other postretirement benefits 374,654 382,496 (7,842) Deferred income taxes and other 71,677 73,610 (1,933) Total equity 1,465,595 1,479,600 (14,005)

Total Liabilities and Shareholders' Equity 4,024,916$ 4,032,425$ (7,509)$

Total debt/Total capital 47.4% 45.8%

Base Results 2nd Quarter: 2012 Vs. 2011 Vs. 2010

1Q 2Q 3Q 4Q Total2010 $935.1 $1,010.1 $1,051.7 $1,127.1 $4,124.1 2011 $1,117.3 $1,127.9 $1,124.2 $1,129.6 $4,498.9 2012 $1,212.4 $1,202.4

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

Net Sales $MM

2Q-10

3Q-10

4Q-10

1Q-11

2Q-11

3Q-11

4Q-11

1Q-12

2Q-12

Hist 19.1%19.0%17.7%17.4%16.9%16.6%16.4%17.9%18.0%Vs PY 16.9%16.6%16.4%17.9%18.0%

15.0%

16.0%

17.0%

18.0%

19.0%

20.0%

21.0%

Gross Profit %

2Q-10

3Q-10

4Q-10

1Q-11

2Q-11

3Q-11

4Q-11

1Q-12

2Q-12

Hist 9.9% 9.6% 9.5% 9.2% 8.7% 7.8% 8.9% 10.1% 9.9%Vs PY 8.7% 7.8% 8.9% 10.1% 9.9%

7.0%

8.0%

9.0%

10.0%

11.0%

12.0%

S&A /OIC %

2Q-10

3Q-10

4Q-10

1Q-11

2Q-11

3Q-11

4Q-11

1Q-12

2Q-12

Hist 31.8%29.6%31.6%31.2%31.9%29.1%39.0%33.7%32.8%Vs PY 31.9%29.1%39.0%33.7%32.8%

25.0%

30.0%

35.0%

40.0%

45.0%

Tax Rate %

2Q-10

3Q-10

4Q-10

1Q-11

2Q-11

3Q-11

4Q-11

1Q-12

2Q-12

Hist 9.2% 9.4% 8.2% 8.2% 8.2% 8.8% 7.4% 7.8% 8.2%Vs PY 8.2% 8.8% 7.4% 7.8% 8.2%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%

11.0%

Base EBIT %

1Q 2Q 3Q 4Q Total2010 $0.50 $0.59 $0.65 $0.59 $2.34 2011 $0.57 $0.60 $0.66 $0.46 $2.29 2012 $0.52 $0.58

$0.00

$0.10

$0.20

$0.30

$0.40

$0.50

$0.60

$0.70

Base EPS $

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