Avery Dennison Revenue Growth

Acquisitions & Divestitures: 2%

• Acquisitions must be EPS & EVA accretive within 12-24 months

New Ventures & Technologies: 1%-2%

• Embryonic businesses

• R&D spending

Organic Growth: 4%-6%

• Six Sigma approach to growth

• Continuous pipeline of business-building initiatives

• Funding & leadership

Total Revenue Growth: 7%-10%

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