2003 Spring Meeting March 26-29,2003 San Antonio, Texas

1
2003 Spring MeetingMarch 26-29,2003San Antonio,
Texas

• From Good to Great
• Jay Wertheimer
• Chairman, 2002-2003

2
Corrugated Shipments Down

• Lowest levels since 1996
• -5.4 decline in 2001
• Unchanged in 2002
• Year to date were down 0.4

Source Fibre Box Association
3
Market Share of Independents

• Market share held by independent is eroding
  over the past six years
• From a high of 25.2 in 1998, it is now 23.5

Source Fibre Box Association
4
US Containerboard Market Share 2002
Top 5 71 Top 10 82
Source Morgan Stanley Dean Witter Equity
Research, 2000-2001