Investor Briefing February 2007

BEMIS COMPANYAdvancing InnovationAdvancing Innovation

2 02/07

Safe Harbor Statement

Information included in this presentation, including content relating to the future performance of the Company, is forward-looking and is presented pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Such content involve risks and uncertainties. Among other things, general economic conditions,competitive conditions in our markets, regional governmental regulations, and the cost and availability of raw materials, may cause the results to differ materially from those set forth in this presentation. These and other risks, uncertainties and assumptions are identified from time to time in our filings with the Securities and Exchange Commission including our most recent Annual Report on Form 10-K and our quarterly reports on Form 10-Q.

3 02/07

Bemis Company, Inc.

$3.6 billion net sales in 2006$3.0 billion Flexible Packaging$0.6 billion Pressure Sensitive Materials55 plants in 10 countries

2006 AchievementsCompleted restructuring program, closing 6 plantsGAAP Earnings per share increased 9%Excluding restructuring, EPS increased 18% Cash from operations was a record $349 million

4 02/07

0%

5%

10%

15%

20%

25%

Mea

t and

chee

se

Confec

tionery

& sn

ack

Dairy &

liquids

Multip

acks

Bakery

Dry fo

ods

Other

food

Health

& hy

giene

Med

ical &

pharmac

eutic

alIn

dustrial

Other

non-fo

od

Label

products

Graph

ic pro

ducts

Technica

l pro

ducts

% o

f Net

Sal

es

Food packaging 55%

Broad Market Participation

Non-food packaging 27%

Pressure sensitive materials 18%

5 02/07

Food & Consumer products

75%

Food & Consumer products

75%Other

25%

Diversified, Defensive Markets

Top 10 customers represent only 26% of salesTop 50 customers represent about 44% of sales

6 02/07

Top Bemis AccountsBoston ScientificColgateConAgraDoane Pet CareGeneral MillsGrampianGreat Lakes CheeseHershey FoodsHormel FoodsJohnson & JohnsonKellogg’sKimberly-Clark

Kraft Malt-O-MealMaster Foods (Mars)NestleOwens-Corning FiberglasPepsicoProcter & GambleSara LeeSC JohnsonSmithfield FoodsSadiaTyson FoodsUnilever

World-class Customer BaseWorld-class Customer Base

7 02/07

Global Manufacturing Presence

Bemis ClysarLe Trait, France

São Paulo, Brazil

PerfecsealLondonderry, Northern Ireland

PerfecsealPuerto Rico

Bemis Asia PacificSelangor, Malaysia

Bemis ElshamLincolnshire, UK

Bemis MonceauCharleroi, Belgium

CSP SwanseaSwansea, Wales

Bemis ValkeakoskiValkeakoski, Finland

31 Mfg Locationsin U.S.

MACtacSoignies, Belgium

Guarulhos, Brazil

Parnamirim, Brazil

Londrina, Brazil

Curitiba, Brazil

Votorantim, Brazil

Bemis Flexible MexicoTultitlan, Mexico Bemis Dixie Toga

Locations

Rondonópolis, Brazil

Europe and Asia Locations

Bolsas Bemis & MACtac MexicoSan Luis Potosi, Mexico

MACtacGenk, Belgium

10-28-06

Cambé, Brazil

Buenos Aires, Argentina

Bemis ClysarLe Trait, France

São Paulo, Brazil

PerfecsealLondonderry, Northern Ireland

PerfecsealPuerto Rico

Bemis Asia PacificSelangor, Malaysia

Bemis ElshamLincolnshire, UK

Bemis MonceauCharleroi, Belgium

CSP SwanseaSwansea, Wales

Bemis ValkeakoskiValkeakoski, Finland

31 Mfg Locationsin U.S.

MACtacSoignies, Belgium

Guarulhos, Brazil

Parnamirim, Brazil

Londrina, Brazil

Curitiba, Brazil

Votorantim, Brazil

Bemis Flexible MexicoTultitlan, Mexico Bemis Dixie Toga

Locations

Rondonópolis, Brazil

Europe and Asia Locations

Bolsas Bemis & MACtac MexicoSan Luis Potosi, Mexico

MACtacGenk, Belgium

10-28-06

Cambé, Brazil

Buenos Aires, Argentina

8 02/07

Bemis’ Growth Strategy

“Through technology, Bemis will develop proprietary processes and unique material combinations to

create products with characteristics that are not available from our

competitors and provide superior performance for our customers.”

9 02/07

A Proven Formula for Excellence

ManufacturingExcellence

Technology &Innovation

CustomerFocus

Value

10 02/07

Technology = Material Science

Bemis engineers have unique knowledge of and expertise in the chemical properties of specialty polymer resins and adhesives

Identification of practical applications for newly developed resins, blends and adhesivesProprietary manufacturing processes create unique material characteristics

State-of-the-art R&D lab offers cost effective, science-oriented solutions to customer packaging challenges

11 02/07

Innovative Solutions

MaterialScience

Technologies

ManufacturingProcess

Technologies

PackagingFeature

TechnologiesNewSolutions

12 02/07

EZ Peel® Product Application

13 02/07

PolyesterProvides a heat resistant layer for running on the packaging equipment;

TieBonds two different materials together and withstands the retort process;

Aluminum Oxide coated PolyesterProvides oxygen barrier and extends product shelf life;

EZ Peel®

Patented system; Operates independent of packaging machine conditions; Provides consistent seals and peelability;

PolypropyleneProvides seal integrity (seals to the cup).

Aluminum Oxide Coated Polyester

Polyester

EZ Peel®

Polypropylene

tie

tie

Polypropylene

Multilayer Film “Sandwich”

14 02/07

EZ Peel® Product Extensions

15 02/07

PolyesterProvides a heat resistant layer for running on the packaging equipment;

TieBonds two different materials together;

PolyethyleneProvides bulk and strength

EZ Peel®

Patented system; Operates independent of packaging machine conditions; Provides consistent seals and peelability;

PolyesterProvides seal integrity (seals to the tray).

Polyethylene

Polyester

EZ Peel®

Polyester

tie

tie

Polyester

Multilayer Film “Sandwich”

16 02/07

Focus on Cost ManagementProductivity improvement is Key!

Engineering teams focused on reducing waste Measurably improve output on existing equipment

Plant safetyChallenge employees to beat industry safety standards, reducing lost time and health care costs, improving morale and quality

PurchasingUse global purchasing power to reduce costs and increase supplier competition

LogisticsImprove production processes and capacity utilization to eliminate work-in-process shippingReduce raw materials and finished goods shipping costs

17 02/07

Long-term Financial Objectives

Target average annual sales growth of 6% - 8%

EPS target growth rate of 10%+

Strong growth in net cash flow from operations of 10%+

18 02/07

$1,690$1,918 $1,889 $1,962

$2,164$2,293 $2,369

$2,635$2,834

$3,474$3,639

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006

$ in

mill

ion

Net Sales

10 Year Net Sales Growth = 8.0%

19 02/07

$1.51$1.67

$1.54

$1.32$1.22

$1.09$0.95$0.94$0.97

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 Est.2007

* EPS growth excludes the impact of restructuring charges** 2003 EPS was $1.37 plus approximately $0.09 restructuring added back.

2006 EPS was $1.65 plus $0.19 restructuring added back.

Earnings Per Share

10 Year EPS Growth* = 6.6%

$1.46**

$1.83**

$1.98-$2.08

20 02/07

Cash Flow from Operations

$136 $144

$235

$186$210

$318$287

$311$272 $277

$349

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006

10 Year Operating Cash Flow Growth =9.9%

21 02/07

Priorities for Cash Flow

Capital investments

Dividends

Acquisitions

Opportunistic share repurchasesAuthorized to repurchase 4.2 million shares

22 02/07

Capital StructureStrong balance sheetInvesting in high quality fixed assetsTarget debt to total capital ratio of 30 to 40 percent

Debt to total capital

25%

31% 33% 32%

43%37%

41%

31%27%

36%33%

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006

23 02/07

020406080

100120140160180200

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 Est. 2007

Capex D&A

Capital ExpendituresCapital Expenditures totaled $159 million in 2006

Investing in new technologiesExpanding capacity in high demand areas i.e. shrink bags; medical device packaging plants; North American, South American & European film capacity, high performance adhesive

24 02/07

$0.36 $0.40 $0.44 $0.46 $0.48 $0.50 $0.52 $0.56$0.64

$0.72 $0.76$0.84

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Bemis has paid common stock dividends since 1922 and has increased the dividend for 24 consecutive yearsDividend increased by 11% in 2007 to $0.84 per shareTarget payout ratio is range of 35% to 45%

Dividend History

25 02/07

Acquisition Track Record($ in millions) Sales atYear Acquired Business Name Manufacturing Locations Acquisition1990 Milprint, Inc. USA 70$ 1993 Princeton Pkg Bakery USA 70$ 1994 Hargro Medical Packaging USA 20$ 1994 Fitchburg Coated Products USA 80$ 1995 Banner Packaging USA 60$ 1996 Perfecseal USA, Northern Ireland 65$ 1997 Paramount Pkg USA 130$ 1997 GPOA catalog mkt USA 6$ 1998 Itap Bemis Ltda joint venture Brazil1998 Techy Group Belgium 10$ 2000 Viskase shrink USA, Wales, Brazil 150$ 2000 Arrow USA 25$ 2000 Kanzaki USA 75$ 2001 Duralam USA 55$ 2002 Walki Films Finland, France 120$ 2002 Dupont Clysar USA, France 100$ 2003 Multi-Fix Belgium 15$ 2004 Masterpak Mexico 35$ 2005 Dixie Toga Brazil, Argentina $ 325+

26 02/07

Future Growth Drivers

Flexible PackagingMeat & cheeseMultipacksHealth and hygieneMedical and pharmaceutical

Pressure Sensitive MaterialsGraphic productsTechnical products

27 02/07

Meat & Cheese

Meal kitsSingle serve, snack sizesEasy open/reclosableCase readyExtended shelf life

28 02/07

MultipackGrowing core markets for bottled waterExpanding package to other applications

29 02/07

Health & Hygiene

Consumer convenience focusCorrugated reductionBlister-pack replacement

30 02/07

Medical & Pharmaceutical

Population aging Medical technological advancesGrowing demand for convenience packaging

31 02/07

Graphics Markets

Global economic growth increases advertisingNiche products meet customer needs for durability and ease of application

32 02/07

Technical Markets

Mechanical fastener replacementNiche products offer custom solutions

33 02/07

Advancing Innovation

Leading market positions in core markets

Growing market positions in new markets and geographic regions

Investing in high growth product technology

Innovating our marketplace with better solutions for our customers

Delivering value to our shareholdersDelivering value to our shareholders

BEMIS COMPANY, INCBEMIS COMPANY, INCBEMIS COMPANY, INCAdvancing InnovationAdvancing Innovation