SAFE HARBOR STATEMENT
Published on February 25, 2010
Exhibit
99.2
SAFE
HARBOR STATEMENT UNDER THE PRIVATE SECURITIES
LITIGATION
REFORM ACT OF 1995
In
connection with the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 (the Reform Act), Ball is hereby filing cautionary statements
identifying important factors that could cause Ball’s actual results to differ
materially from those projected in forward-looking statements of Ball.
Forward-looking statements may be made in several different contexts; for
example, in the quarterly and annual earnings news releases, the quarterly
earnings conference calls hosted by the company, public presentations at
investor and credit conferences, the company’s Annual Report and in annual and
periodic communications with investors. The Form 10-K may contain
forward-looking statements. As time passes, the relevance and accuracy of
forward-looking statements may change. The company currently does not intend to
update any particular forward-looking statement except as it deems necessary at
quarterly or annual release of earnings. You are advised, however, to consult
any further disclosures Ball makes on related subjects in our 10-K, 10-Q and 8-K
reports to the Securities and Exchange Commission. The Reform Act defines
forward-looking statements as statements that express or imply an expectation or
belief and contain a projection, plan or assumption with regard to, among other
things, future revenues, income, earnings per share, cash flow or capital
structure. Such statements of future events or performance involve estimates,
assumptions and uncertainties, and are qualified in their entirety by reference
to, and are accompanied by, the following important factors that could cause
Ball’s actual results to differ materially from those contained in
forward-looking statements made by or on behalf of Ball.
Some
important factors that could cause Ball’s actual results or outcomes to differ
materially from those expressed or implied and discussed in forward-looking
statements include, but are not limited to:
●
|
Fluctuation
in customer and consumer growth, demand and preferences, particularly
during the months when the demand for metal beverage beer and soft drink
cans is heaviest; loss of one or more major customers or suppliers or
changes to contracts with one or more customers or suppliers;
manufacturing overcapacity or under capacity; failure to achieve
anticipated productivity improvements or production cost reductions
including those associated with capital expenditures; changes in climate
and weather; fruit, vegetable and fishing yields; interest rates affecting
our debt; labor strikes and work stoppages;
boycotts; antitrust, intellectual property, consumer and other
litigation; level of maintenance and capital expenditures; capital
availability; economic conditions; regional and global pandemics; and acts
of war, terrorism or catastrophic
events.
|
●
|
Competition
in pricing and the possible decrease in, or loss of, sales resulting
therefrom.
|
●
|
The
timing and extent of regulation or deregulation; competition in each line
of business; product development and introductions; and technology
changes.
|
●
|
Ball’s
ability or inability to have available sufficient production capacity in a
timely manner.
|
●
|
Overcapacity
in foreign and domestic metal and plastic container industry production
facilities and its impact on pricing and financial
results.
|
●
|
Regulatory
action or federal, state, local or foreign laws, including mandatory
deposit or restrictive packaging legislation such as recycling
laws.
|
●
|
Regulatory
action or laws including tax, environmental, health and workplace safety,
including in respect of climate change, or chemicals or
substances used in raw materials or in the manufacturing process,
particularly publicity concerning Bisphenol-A, or BPA, a chemical used in
the manufacture of epoxy coatings applied to many types of containers
(including certain of those products produced by the
company).
|
●
|
Regulatory
action or laws including those related to corporate governance and
financial reporting, regulations and standards, including accounting
changes and changes in generally accepted accounting principles or their
interpretation.
|
●
|
Loss
contingencies related to income and other tax matters, including those
arising from audits performed by U.S. and foreign tax
authorities.
|
●
|
The
availability and cost of raw materials, supplies, power and natural
resources needed for the production of metal and plastic containers as
well as aerospace products.
|
Page 1 of
2
Exhibit 99.2
(continued)
●
|
Changes
in senior management; increases and trends in various employee benefits
and labor costs, including pension, medical and health care costs incurred
in the countries in which Ball has operations; rates of return projected
and earned on assets and discount rates used to measure future obligations
and expenses of the company’s defined retirement plans; and changes in the
company’s pension plans.
|
●
|
The
ability or inability to pass on to customers changes in raw material cost,
particularly resin, steel and
aluminum.
|
●
|
The
current global recession, including in the United States, and its effects
on liquidity, credit risk, asset values and the economy; international
business and market risks (including foreign exchange rates or tax rates),
particularly in Europe, and in countries such as China, Brazil and
Argentina; political and economic instability in foreign markets;
restrictive trade practices of the United States or foreign
governments; the imposition of duties, taxes or other
government charges by the United States or foreign governments; exchange
controls.
|
●
|
Changes
in the foreign exchange rate of the United States dollar against the
European euro, British pound, Polish zloty, Serbian dinar, Hong Kong
dollar, Canadian dollar, Chinese renminbi, Brazilian real and Argentine
peso, and in the foreign exchange rate of the euro against the British
pound, Polish zloty and Serbian
dinar.
|
●
|
Undertaking
successful and unsuccessful acquisitions, joint ventures and divestitures
and the integration activities associated with acquisitions and joint
ventures, including the recent acquisition and related integration
of four metal beverage can and end
plants.
|
●
|
The
ability or inability to achieve technological and product extensions or
new technological and product advances in the company’s
businesses.
|
●
|
Delays,
extensions and technical uncertainties, as well as schedules of
performance associated with contracts for aerospace products and services,
and the success or lack of success of satellite launches and the
businesses and governments associated with aerospace products, services
and launches.
|
●
|
The
authorization, funding and availability and returns of government
contracts and the nature and continuation of those contracts and related
services provided thereunder, as well as the delay, cancellation or
termination of contracts for the United States government, other customers
or other government contractors.
|
●
|
Actual
versus estimated business consolidation and investment exit costs and the
estimated net realizable values of assets associated with such activities;
and goodwill impairment.
|
●
|
Changes
to unaudited results due to statutory audits of our financial statements
or management’s evaluation of the company’s internal controls over
financial reporting.
|
Page 2 of
2