Highlights

Financial Highlights*

Year Ended December 31, Pro Forma
($ in millions, except per common share data) 2012 20111 2010 2011**
Total Net Sales $7,648 $5,551
 $4,490
 $7,785
Percent U.S. 35% 40% 46% 35%
Percent International 65% 60% 54% 65%
U.S. GAAP Operating (Loss) Profit $(1,417) $429
 $535
 $596
Total Net Sales $666 $571
 $549
 $681
Adjusted Operating Profit Margin 8.7% 10.3% 12.2% 8.7%
Adjusted EBITDA $996
 $784
 $750
 $996
As a Percent of Net Sales 13.0% 14.1% 16.7% 12.7%
U.S. GAAP Net (Loss) Earnings—Diluted $(1,410)
 $139
 $256
 $106
Adjusted Net Earnings—Diluted $201
 $233
 $283
 $169
U.S. GAAP Net (Loss) Earnings Per Common Share—Diluted $(8.35)
 $0.75
 $1.44
 $0.51
Adjusted Earnings Per Common Share—Diluted $0.95
 $1.26
 $1.60
 $0.81
Cash Dividends Paid per Common Share $0.52
 $0.52
 $0.50
 $0.42
Total Return to Shareholders
(Dividends & Share Repurchases) $101
 $89
 $91
 $—
Net Cash Provided by Operating Activities $404
 $372
 $483
 $—
Capital Expenditures $124
 $123
 $88
 $—
Free Cash Flow*** $280
 $249
 $395
 $—
Net Debt**** $4,779
 $5,131
 $1,542
 $—

*Results for 2012 and 2011 are presented on a continuing operations basis, excluding the impact of the sale of Diversey Japan, which the company sold in November 2012.

**Reflects historical results on a pro forma basis reflecting the acquisition of Diversey Holdings, Inc.

***Free Cash Flow is calculated as: net cash provided by operating activities less capital expenditures.

****Net Debt is calculated as: the sum of short-term borrowings, current portion of long-term debt, Settlement agreement and related accrued interest and long-term debt less cash and cash equivalents.

12011 reported results include the results of Diversey for the fourth quarter based on the acquisition on October 3, 2011.

2012 Revenue mix highlights

A pie chart expressing the revenue mix by solution type: Consumables at 93%; and, Equipment at 7%

By Solution Type

Consumables 93%
Equipment 7%
A pie chart expressing the revenue mix by business type: Food and Beverage at 49%; Institutional and Laundry at 28%; Protective Packaging at 21%; and, Other at 2%

By Business

Food & Beverage 49%
Institutional & Laundry 28%
Protective Packaging 21%
Other 2%
A pie chart expressing the revenue mix by geography type: North America at 39%; Europe at 33%; Latin America at 11%; AMAT* at 10%; and, Japan/Australia NZ at 7%

By Geography

North America 39%
Europe 33%
Latin America 21%
AMAT* 10%
Japan/Australia NZ 7%
*Asia, Middle East, Africa, and Turkey