Ball
Annual Report 2014

Plain-text annual report

2014 Ball Corporation Annual Report Ball Corporation is a provider of metal packaging for beverages, food and household products, and of aerospace and other technologies and services to commercial and governmental customers. Founded in 1880, the company employs more than 14,500 people worldwide. Ball Corporation stock is traded on the New York Stock Exchange under the ticker symbol BLL. Please visit Ball’s Investor Center at www.ball.com/investors to view the 2014 online annual report. Where you see this information icon in our report, you can find additional information on that topic at www.ball.com. Drive for 10 Drive for 10 is a mindset around perfection, with a greater sense of urgency around our future success. Drive for 10 has three major areas of focus: We know who we are. We know where we are going. We know what is important. Proud of our rich history, we recognize the whole of our company is greater than the sum of its parts. Most importantly, we believe in our people, our culture and our ability to deliver value to all our stakeholders. Though we encourage and embrace our diversity of thought, business, location and language, we are “One Ball,” valuing: Uncompromising Integrity Being Close to Our Customers Behaving Like Owners Focusing on Attention to Detail Being Innovative We want to be the best at everything we do, and will continually strive for perfection at Ball as we pursue our strategy of: Maximizing value in our existing businesses Expanding into new products and capabilities Aligning ourselves with the right customers and markets Broadening our geographic reach Leveraging our know-how and technological expertise to provide a competitive advantage In order to reach our goals, we must excel in these areas: Customer Focus We must be viewed as a strategic partner at each of our key customers. Operational Excellence We must be the most competitive in terms of cost, quality and service in all the markets in which we compete by continually driving for efficiencies in all our processes. Innovation and Business Development We must identify and drive profitable growth. People and Culture Focus We must have the best people, providing them with the right support, rewards and growth opportunities to thrive. Sustainability We must balance our economic, environmental and social impacts for greater long-term success. This Summary Annual Report should be read in conjunction with the audited consolidated financial statements and other information contained in Ball Corporation’s Annual Report on Form 10-K for 2014, which is being furnished with the company’s Proxy Statement for the 2015 Annual Meeting of Shareholders. Copyright© Ball Corporation 2015. Ball and are trademarks of Ball Corporation Reg. U.S. Pat. & Tm. Office. Please recycle.  Ball Corporation 2014 Annual Report Ball Corporation 2014 Annual Report 2014 Letter to Our Shareholders Dear Fellow Shareholder, Ball Corporation’s 2014 financial results were among the best in our company’s 135-year history, fueled by the diligent focus of our 14,500 employees on Drive for 10 – our common vision to achieve continued success for Ball and all of our stakeholders over the long term. Overall, we executed well and yielded Maximizing value in excellent results, including comparable our existing businesses net earnings attributable to the company By aligning our supply with demand, of $552.8 million and free cash flow in ensuring our manufacturing and excess of $620 million. Ball’s comparable business processes are as efficient as full-year diluted earnings per share possible, improving our customer and increased by 18 percent compared to 2013, while increasing our EVA® (economic value added) dollars by product mix, and successfully positioning our products in the marketplace, we are able to maximize value in our packaging 28 percent and creating value for our and aerospace businesses. shareholders. We made much progress In our packaging businesses, the in the ongoing environment of limited 2012 transition into global product growth, increasing cost pressures and lines is yielding significant benefits as other challenges, some anticipated anticipated. Through greater collaboration others not, by focusing on what was in our and best practices sharing in all areas control, and generated a total return for of the business, we are now better our shareholders of 33 percent last year. able to align to serve our customers’ In 2014, we continued to focus on ever-evolving needs. “where we are going” and each of the five In our beverage packaging business, levers to grow our business and achieve with specialty cans now making up more the long-term success we all desire: than 27 percent of Ball’s global beverage • Maximizing value in our existing businesses • Expanding into new products and capabilities • Aligning ourselves with the right customers and markets • Broadening our geographic reach • Leveraging our know-how and technological expertise to provide a competitive advantage can mix, we continue to align supply with market demand in this key growth segment by making additional specialty can investments in North America, Europe, Brazil and Asia. In Europe, the cost reduction program we began in 2013 is meeting expectations and positions us well for the future. In our food and household products packaging business, global aerosol John A. Hayes Chairman, President and Chief Executive Officer 2 2  Ball Corporation 2014 Annual Report $620 MILLION Free cash flow exceeded $620 million in 2014. Share buybacks continued to be in the range of $360 million. CapEx ended the year around $390 million. Ball’s comparable diluted earnings per share were $3.88 versus last year’s $3.28. packaging continued to perform well, observations and advanced geospatial which balanced weaker food can data built for DigitalGlobe, which volumes and service center manufacturing successfully launched from California’s inefficiencies in the U.S. To match Vandenberg Air Force Base in August can supply with future customer and, as anticipated, is getting impressive requirements, we ceased operations results. Despite U.S. government budget at our Danville, Ill., steel aerosol challenges and a turbulent election manufacturing plant, and reduced steel cycle, our aerospace business remained food can production and the workforce focused on solid program execution and at our Oakdale, Calif., facility toward the exceeded expectations. We ended the year end of 2014. As strong demand for with a contracted backlog of $765 million, aerosol containers and other value-added an anticipated year-over-year reduction products continues, we will continue to as we await the results of in-process initiate investments in Europe, India program bids. The business continues and North America. to leverage its existing capabilities and Our aerospace and technologies position itself for commercial and other business began 2014 by handing off growth projects in the future. operational control of the Space Test Sustainability also remains at the Program Satellite-3 (STPSat-3) ahead core of maximizing value in our existing of schedule to the U.S. Air Force, as businesses. Our sustainability vision is the spacecraft began its technology to balance the economic, environmental demonstration mission. We also completed and social impacts of our products and integration and environmental testing operations in our decision-making of WorldView-3, the first multi-payload, process to create long-term value for super-spectral, high-resolution all of our stakeholders. We have set commercial satellite for Earth aggressive goals in the areas of innovation, A A. In 2014, Ball installed a new production line for extruded aluminum aerosol cans in its DeForest, Wisconsin, manufacturing facility. The line is expected to begin production in the first half of 2015. n o m m o c t s o m r u o o t s e i l p p A * 3 . i n o g e r r e p s t a m r o f n a c e g a r e v e b  Ball Corporation 2014 Annual Report B C (NASA) operations, talent management, diversity breakthrough technology allows Ball and inclusion, recycling, supply chain to lightweight its extruded aluminum and community. In fact, our commitment aerosol packaging by as much as to sustainability has never been stronger 10 percent, with further lightweighting due to the value it creates, including expected in the future. greater customer satisfaction, enhanced In today’s world, with increasingly employee engagement and improved diverse consumer desires, we provide financial results. We are proud that packaging that helps our customers the Dow Jones Sustainability Index create new markets and occasions, again recognized Ball as the leading differentiate their products on the shelf packaging company on the North or on premise, drive volumes and build America and World indexes with a their brands. We are investing in second Gold Class Rating. Additionally, generation steel aerosol and aluminum Newsweek and leading sustainability beverage bottle technologies in North experts ranked Ball third among the America, and continue to develop new 500 largest U.S. companies for our specialty can formats in Europe and overall environmental performance. North America for emerging product Expanding into new products and capabilities categories such as wine and sparkling water. From Alumi-Tek® bottles and the Crowler™ to our Dynamark™ variable To achieve our Drive for 10 vision, we printing technology and shaped aerosol must continue to stay closely aligned cans using Ball’s state-of-the-art Matte with global and regional customer needs & Gloss printing technology, our pipeline and push the envelope on innovation. is full in terms of the packaging options For example, in 2014 we collaborated that can be developed to meet the ongoing with a leading global beauty care brand need for variety and customization. to launch a lighter weight extruded In our dynamic aerospace and aluminum can. To create this container, defense business, as part of the Ball uses a revolutionary metal technology, Semi-Autonomous Motorcar (SAM) which utilizes recycled aluminum project team, we developed the to create a metal alloy that exhibits increased strength and allows lightweighting of the container without technologies, algorithms and techniques to enable injured IndyCar® driver Sam Schmidt, and others who are injured affecting package integrity. This or who are encumbered by other B. Ball continues to focus on the development of innovative specialty can formats, including its Alumi-Tek® aluminum bottles, to serve customer and consumer needs for differentiation and variety. These formats are also ideal for product categories such as sparkling water and energy drinks. C. Ball Aerospace provided the phased array antennas and flight test cameras to prime contractor Lockheed Martin for Orion’s Exploration Flight Test-1, an unmanned test flight that launched from Cape Canaveral, Florida, in December. . x a t r e t f a % 9 e v o b a s n r u t e r ® A V E * 4 4 Ball Corporation 2014 Annual Report  Ball Corporation 2014 Annual Report D E D. For the SAM project, the Ball Aerospace engineering team equipped a specially modified Corvette C7 Stingray with Ball-designed human-machine interface technology, which enabled former IndyCar racer Sam Schmidt to drive for the first time since his accident 14 years ago. E. In 2014, Ball announced plans to build a one-line beverage can manufacturing plant in Myanmar, which will complement the company’s existing operations in Southeast Asia and will meet the region’s growing demand for beverage containers. Whether our customers and consumers crave smaller portion sizes, large shareable sizes, the next generation of sprayable lotions and deodorants, or the most advanced Earth imagery currently available for commercial applications, Ball is at the ready to collaborate on solutions to help them successfully deliver. limitations, to better interface with their commercial applications, Ball is at the environment. SAM is part of a wider ready to collaborate on solutions to effort to explore man-machine teaming help them successfully deliver. approaches that range from fully As a result of this emphasis on autonomous systems with no human customer relationships, we maintained input to minimally autonomous systems high customer satisfaction scores on our with primarily human inputs. Beyond 2014 customer satisfaction surveys for empowering disabled people, these our metal beverage, food and household capabilities have both commercial and and aerospace businesses. For the government applications. second consecutive year, Ball Aerospace was chosen as a Supplier of the Year by Aligning ourselves with The Boeing Company for avionics from the right customers and markets a group of 14,000 active suppliers in Our focus on strategic customer 16 categories from 50 countries around relationships greatly influenced Ball’s the globe. Also for the second year in 2014 performance. Our employees a row, MillerCoors chose our Findlay, continued their efforts to get close to Ohio, plant as its Packaging Materials customers in order to better understand Most Valuable Plant of the Year, their businesses and the challenges recognizing the plant’s contributions they face. Whether our customers and in quality, service, competitive cost, consumers crave smaller portion safety, corporate responsibility and sizes, large shareable sizes, the next innovation. We also received the generation of sprayable lotions and Unilever Partner to Win Award for deodorants, or the most advanced Winning Capacity and Capability Earth imagery currently available for Building for investing in our global 5  Ball Corporation 2014 Annual Report F G F. Ball’s team in China is working diligently to leverage best practices from throughout the company to maximize the existing asset base and help ensure operations are running as efficiently and effectively as possible. G. Every year, Ball manufactures billions of two- and three-piece steel food cans in a variety of heights and diameters, using draw-redraw, drawn and ironed, and three-piece welding technologies. facilities to support Unilever’s growing needs, and the Certified Supplier award from Sherwin-Williams for achieving the highest level of excellence in meeting its Purchasing Center of Excellence Supplier Performance Criteria. Additionally on the aerospace side, to meet increasing customer demand for bandwidth, Ball began work as the prime contractor for Laser Light™ Communications, LLC, on the first global, all-optical commercial satellite system. This space-based laser communication system will provide a new way to move vast amounts of Erik Bouts Senior vice president, Ball Corporation, and chief operating officer, global metal beverage packaging information around the globe efficiently which is scheduled to begin production and with greater resiliency. We also in 2016, and announced the construction partnered with OmniEarth, a start-up of a new aluminum impact extruded that is developing a constellation of aerosol facility in India. We expect small satellites leveraging Ball’s each of these projects to bring value instrument heritage. to our customers and shareholders, and will provide us with additional Broadening our geographic reach opportunities to leverage our customer During 2014, Ball announced expansion relationships and technological skills plans to meet our customers’ needs to capture growth in these and other within our current geographic footprint emerging markets. and in growth regions. We are adding beverage capacity at our Oss, Leveraging our know-how Netherlands, facility to strengthen and technological expertise Ball’s position as a logistical hub for One of Ball’s key differentiators is our business in the Benelux region and leveraging our technology and know-how throughout Europe, the Middle East and for a competitive advantage. Our North Africa. We also began construction long-term perspective on technology, on a beverage can plant in Myanmar, close customer relationships and 6 6 Ball Corporation 2014 Annual Report Ball Corporation 2014 Annual Report H I J H. In addition to specialty packaging, many customers are opting for colorful, striking designs enabled by Ball’s high-definition printing technology. This newer technology makes design details stand out for enhanced shelf appeal. I. Ball is the world’s largest producer of aluminum slugs, metal disks that are impact extruded to produce packaging for aerosol products ranging from body sprays, sun screens, hair sprays and more. J. Lightweight, quickly chilled, easy to store, and completely and infinitely recyclable, metal beverage packaging is growing its share of the packaging mix in the beer category, particularly in Brazil, the U.S. and Europe. Our employees around the world are working together as One Ball and will continue to seek new opportunities, control what we can control, operate with a sense of urgency and develop innovative ways to be more efficient, nimble and effective. innovative culture help us understand Positioning ourselves for the future what technologies are needed and how As we move into our 135th year in 2015, we can apply our expertise to provide Ball with a competitive edge moving forward. For instance, to develop the we are confident that our commitment to Drive for 10 and our EVA® philosophy will help us navigate the opportunities and previously mentioned second generation, challenges in front of us. Our employees shaped aluminum bottle, we applied around the world are working together technology and key learnings from the development of the Alumi-Tek® bottle that we introduced several years ago. as One Ball and will continue to seek new opportunities, control what we can control, operate with a sense of urgency On the aerospace side, we are working and develop innovative ways to be more with NASA and others in the industry efficient, nimble and effective. These to develop a mission that utilizes green practices have served us well since propellant as a nontoxic alternative to 1880 and will guide us as we maintain existing fuels. our persistent focus on creating value Leveraging our expertise is also for our shareholders, customers, imperative in our ongoing sustainability employees, suppliers and communities. efforts, particularly when it comes to our operations. We have tools in place Best regards, On Feb. 19, 2015, Ball announced an offer for Rexam PLC. For updates, visit: www.ball.com/investors to identify, evaluate and share best practices regarding safety, electricity, gas, water, waste and volatile organic compounds (VOCs) to communicate best practices with the greatest impact so similar programs can be implemented at other plants. John A. Hayes Chairman, President and Chief Executive Officer 7  Ball Corporation 2014 Annual Report 2014 Five-Year Review of Selected Financial Data Ball Corporation and Subsidiaries ($ in millions, except per share amounts ) 2014 2013 2012 2011 2010 Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,570.0 $ 8,468.1 $ 8,735.7 $ 8,630.9 $ 7,630.0 Earnings before interest and taxes (EBIT) . . . . . . . . . . . . . . . . . . . . . . . $ 838.6 $ 795.4 $ 790.5 $ 836.9 $ 764.6 Total interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (193.0) (211.8) (194.9) (177.1) (158.2) Earnings before taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 645.6 $ 583.6 $ 595.6 $ 659.8 $ 606.4 Net earnings attributable to Ball Corporation from: Continuing operations (a) (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 470.0 $ 406.4 $ 399.1 $ 446.3 $ 536.7 Discontinued operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . – (0.4) (2.8) (2.3) (74.9) Total net earnings attributable to Ball Corporation (b) . . . . . . . . . . . . . $ 470.0 $ 406.8 $ 396.3 $ 444.0 $ 461.8 Basic earnings per share: Basic – continuing operations (a) (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3.39 $ 2.79 $ 2.58 $ 2.70 $ 2.97 Basic – discontinued operations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . – – (0.02) (0.01) (0.41) Basic earnings per share (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3.39 $ 2.79 $ 2.56 $ 2.69 $ 2.56 Weighted average common shares outstanding (000s) . . . . . . . . . . . . 138,508 145,943 154,648 165,275 180,746 Diluted earnings per share : Diluted – continuing operations (a) (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3.30 $ 2.73 $ 2.52 $ 2.64 $ 2.93 Diluted – discontinued operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . – – (0.02) (0.01) (0.41) Diluted earnings per share (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3.30 $ 2.73 $ 2.50 $ 2.63 $ 2.52 Diluted weighted average common shares outstanding (000s) . . . . . 142,430 149,223 158,084 168,590 183,538 Total assets (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,571.0 $ 7,820.4 $ 7,520.7 $ 7,285.2 $ 6,928.3 Total interest bearing debt and capital lease obligations . . . . . . . . . . $ 3,168.9 $ 3,605.1 $ 3,305.1 $ 3,144.1 $ 2,812.3 Cash dividends per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0.52 $ 0.52 $ 0.40 $ 0.28 $ 0.20 Total cash provided by operating activities . . . . . . . . . . . . . . . . . . . . . . $ 1,012.5 $ 839.0 $ 853.2 $ 948.4 $ 515.2 Non-GAAP measures (c) : Comparable EBIT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 919.1 $ 874.2 $ 893.3 $ 867.2 $ 753.6 Comparable earnings (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 552.8 $ 489.6 $ 475.8 $ 459.6 $ 426.8 Diluted earnings per share (comparable basis) (b) . . . . . . . . . . . . . . . . . $ 3.88 $ 3.28 $ 3.01 $ 2.73 $ 2.33 Free cash flow . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 621.7 $ 460.7 $ 548.2 $ 504.6 $ 505.8 EVA® dollars (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 190.7 $ 149.3 $ 161.4 $ 142.3 $ 109.6 Total annual return (loss) to common shareholders (e). . . . . . . . . . . . . 33.1% 16.8% 26.5% 5.8% 32.6% (a) Includes business consolidation activities and other items affecting comparability between years. Additional details about the 2014, 2013 and 2012 items are available in Notes 4 and 5 to the consolidated financial statements within Item 8 of the Form 10-K. (b) 2013, 2012, 2011 and 2010 amounts have been revised for prior period corrections of deferred taxes; further details are included in Note 1 to the consolidated financial statements within Item 8 of the Form 10-K. Amounts not detailed in Note 1 include an adjustment of $0.6 million to total assets for both 2011 and 2010. 2010 also includes an adjustment that increased tax expense and reduced net earnings by $6.2 million. (c) Non-U.S. GAAP measures should not be considered in isolation and should not be considered superior to, or a substitute for, financial measures calculated in accordance with U.S. GAAP. Reconciliations of non-U.S. GAAP financial measures to U.S. GAAP measures and further discussion of non-GAAP financial measures are available in Items 6 and 7 of the Form 10-K. (d) Net operating earnings after tax less a capital charge of 9% after-tax on average invested capital employed. (e) Change in stock price plus dividends paid, assuming reinvestment of all dividends paid. Information for this calculation is included in the shareholder return performance chart in Item 5 of the Form 10-K. 8 8 Ball Corporation 2014 Annual Report  Ball Corporation 2014 Annual Report 2014 Leadership Directors Robert W. Alspaugh Retired chief executive officer of KPMG International (1, 2) Michael J. Cave Retired senior vice president of The Boeing Company (1, 2) Hanno C. Fiedler Retired chairman and chief executive officer of Ball Packaging Europe (1, 4) John A. Hayes Chairman, president and chief executive officer of Ball Corporation R. David Hoover Retired chairman, president and chief executive officer of Ball Corporation (2) John F. Lehman Chairman of J.F. Lehman & Company (2, 4 ) Pedro Henrique Mariani * Chairman of the board of Banco BBM Georgia R. Nelson President and chief executive officer of PTI Resources, L.L.C. (3, 4) Jan Nicholson President of The Grable Foundation (1, 2) George M. Smart Retired president of Sonoco-Phoenix, Inc. (3, 4 ) Theodore M. Solso Chairman of the board of General Motors Co. (3, 4 ) Stuart A. Taylor II Chief executive officer of The Taylor Group, L.L.C. (1, 3) Committees (1) Audit, (2) Finance, (3) Human Resources, (4) Nominating/Corporate Governance * Advisory Director Tribute Ball has endured for more than 135 years thanks to the countless contributions of employees and key business leaders. In early 2014, our Gerrit Heske company lost two respected leaders and members of our “Ball family” – Gerrit Heske, SVP and COO, global metal beverage, and Ray Seabrook, recently retired EVP and COO, global packaging and former long-time CFO, passed away unexpectedly at the ages of 49 and 63, respectively. Their contributions to our company are too numerous to list and more importantly, their integrity, business knowledge, friendship and love of our company will live on in the countless colleagues they mentored over the years. To their families and friends in life and in business, we will build upon their legacies of manufacturing excellence and financial intellect to make Ball an even Ray Seabrook stronger company. Corporate and Operating Management Gihan Atapattu President, Ball Asia Pacific Ltd. Charles E. Baker Vice president, general counsel and corporate secretary Shawn M. Barker Vice president and controller Anthony Barnett President, Latapack-Ball Embalagens, Ltda. Erik Bouts Senior vice president, Ball Corporation, and chief operating officer, global metal beverage packaging Michael W. Feldser Senior vice president, Ball Corporation; chief operating officer, global metal food and household products packaging Daniel W. Fisher President, North American metal beverage packaging Colin J. Gillis President, Ball Packaging Europe John A. Hayes Chairman, president and chief executive officer Jeffrey A. Knobel Vice president and treasurer Scott C. Morrison Senior vice president and chief financial officer Lisa A. Pauley Senior vice president, human resources and administration James N. Peterson Vice president, marketing and corporate affairs Robert D. Strain Senior vice president, Ball Corporation; president, Ball Aerospace & Technologies Corp. Leroy J. Williams, Jr. Vice president, information technology and services 9  Ball Corporation 2014 Annual Report 2014 Shareholder Information Quarterly Stock Prices and Dividends Annual Meeting Quarterly prices for the company’s common stock, as The annual meeting of Ball Corporation shareholders will reported on the composite tape, and quarterly dividends be held to tabulate the votes cast and to report the results in 2014 and 2013 were: 2014 Quarter Quarter Quarter Quarter 4th 3rd 2nd 1st High . . . . . . . . . . . . . . . $ 70.50 $ 66.53 $ 63.13 $ 56.33 of voting on the matters listed in the proxy statement sent to all shareholders. No other business and no presentations are planned. The meeting to report voting results will be held on Wednesday, April 29, 2015, at 8 a.m. Mountain time at Ball Corporation’s Low . . . . . . . . . . . . . . . . 61.76 60.73 53.61  47.75 headquarters in Broomfield, Colo. Dividends per share . . .13 .13 .13 .13 Annual Report on Form 10-K The Annual Report on Form 10-K for 2014 filed by the 2013 Quarter Quarter Quarter Quarter Commission can be found on www.ball.com/investors. 4th 3rd 2nd 1st company with the United States Securities and Exchange High . . . . . . . . . . . . . . . . $ 51.97 $ 46.80 $ 48.50 $ 47.63 Certifications Low . . . . . . . . . . . . . . . . 44.29 41.61 41.52 43.26 The company has filed with the New York Stock Exchange Dividends per share . . .13 .13 .13 .13 Quarterly Results, Company Information and Investor Relations Quarterly financial information and company news are posted on www.ball.com/investors. For investor relations the chief executive officer’s annual certification regarding compliance with the NYSE’s corporate governance listing standards. The company also has filed with the United States Securities and Exchange Commission all required certifications by its chief executive officer and its chief financial officer regarding the quality of the company’s call (303) 460-3537. Purchase Plan A dividend reinvestment and voluntary stock purchase plan  for Ball Corporation shareholders permits purchase of the company’s common stock without payment of a brokerage  commission. Participants in this plan may have cash dividends on their shares automatically reinvested and, if they choose, invest by making optional cash payments. Additional information on the plan is available by writing Computershare, Dividend Reinvestment Service, P.O. Box 43081, Providence, RI 02940-3081. The toll-free number is (800) 446-2617, and the Web site is www.computershare.com/investor. You public disclosures. Transfer Agent and Registrar Computershare P.O. Box 43069 Providence, RI 02940-3069 Sustainability Ball Corporation balances economic, environmental and social aspects in its decision making and activities to create value for its stakeholders and to contribute to its Drive for 10 vision. Find out more about our sustainability strategy at www.ball.com/sustainability. can access your Ball Corporation common stock account Equal Opportunity information on the Internet 24 hours a day, 7 days a Ball Corporation is an equal opportunity employer. week through Computershare’s Web site. If you need assistance, please call Computershare at (877) 843-9327 between 8 a.m. and 5 p.m. Eastern time. 10 10 Ball Corporation 2014 Annual Report w w w. b a l l . c o m Ball Corporation 10 Longs Peak Drive Broomfield, CO 80021 (303) 469-3131 

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