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Investor Presentaiton

Transit Packaging - Signode Acquisition April 2018 Purchased at 10x EBITDA, 10.8x EBITDA-Capex vs. packaging industry average of 15-16x. 90% cash conversion rate. #1 or #2 position in virtually all businesses. Industry-leading equipment, tools and service business. Beneficiary of general industrial/economic expansion. Broad customer, product, end user and geographic mix. Strategic opportunities both in existing platform and adjacencies. CROWN Brand-Building Packaging™ 16

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