Ball Annual Report 2014 | Quarterlytics

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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

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

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. 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.

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Ball Corporation 2014 Annual Report

(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.

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Ball Corporation 2014 Annual Report

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

Ball Corporation 2014 Annual Report

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

Ball Corporation 2014 Annual Report Ball Corporation 2014 Annual Report

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

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

0.40

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.

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

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

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

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.

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