Financial Astrology of Bemis Company, Inc.

FINANCIAL ASTROLOGY

First Trade Date for Bemis Company, Inc.

Company Name	First Trade Date (yyyy-mm-dd)
Bemis Company, Inc.	1966-09-13

Company Name	Symbol
Bemis Company, Inc.	BMS
History and Business of Company (this information may include date of incorporation)
Bemis Company, Inc., a Missouri corporation (the "Registrant"), continues a business formed in 1858. The Registrant was incorporated in 1885 as Bemis Bro. Bag Company with the name changed to Bemis Company, Inc. in 1965. The Registrant is a principal manufacturer of flexible packaging products and pressure sensitive materials selling to customers throughout the United States, Canada, and Europe with a growing presence in Asia Pacific, South America, and Mexico. In 2002, approximately 79 percent of the Registrant's sales were derived from Flexible Packaging segment and approximately 21 percent were derived from Pressure Sensitive Materials segment. The primary market for its products is the food industry. Other markets include companies in the following types of businesses: chemical, agribusiness, medical, pharmaceutical, personal care products, tissue, batteries, electronics, automotive, construction, graphic industries, and other consumer goods. Further information about the Registrant's operations in different business segments appearing on pages 40 and 41 of the accompanying 2002 Annual Report to Shareholders is expressly incorporated by reference in this Form 10-K Annual Report. As of December 31, 2002, the Registrant had approximately 11,800 employees, of which an estimated 8,200 were classified as production employees. Many of the North American production employees are covered by collective bargaining contracts involving five different international unions and one independent union and 22 individual contracts with terms ranging from one to six years. During 2002, six contracts covering approximately 1,300 employees at six different locations in the United States and Canada were successfully negotiated. During 2003, six domestic labor agreements are scheduled to expire. Many of the non-North American production employees as well as some of the non-North American salaried workforce are covered by collective bargaining contracts involving six different unions with terms ranging from one to two years. Working capital elements fluctuate throughout the year in relation to the level of customer volume and other marketplace conditions. Customer and vendor payment terms are split approximately equally between net 30 days and discountable terms. Discounts are generally one percent for payment within ten days. Inventory levels reflect a reasonable balance between raw material pricing and availability, and the Registrant's commitment to promptly fill customer orders. Backlogs are not a significant factor in the industries in which the Registrant operates as most orders placed with the Registrant are for delivery within 90 days or less. The business of each of the segments is not seasonal to any significant extent. The Registrant is the owner or licensee of a number of United States and foreign patents and patent applications that relate to certain of its products, manufacturing processes, and equipment. The Registrant also has a number of trademarks and trademark registrations in the United States and in foreign countries. The Registrant's patents, licenses, and trademarks collectively provide a competitive advantage. However, the loss of any single patent or license alone would not have a material adverse effect on the Registrant's results as a whole or those of either of its segments. The Registrant's business activities are organized around its two business segments, Flexible Packaging and Pressure Sensitive Materials. Both internal and external reporting conform to this organizational structure. Subdivisions within each principal business segment are identified to facilitate operating controls and responsibilities. Products produced within the Flexible Packaging segment are high barrier products, polyethylene products, and paper products. Products produced within the Pressure Sensitive Materials segment are printing products, decorative and sheet products, and technical products.

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