Slide 1: Amcor Half Year Results
For personal use only Amcor Half Year Results 31 December 2012 Ken MacKenzie - Managing Director and Chief Executive Officer Ron Delia - Executive Vice President Finance Disclaimer Forward looking statements This presentation contains forward-looking statements that involve subjective judgment and a
Slide 2: Amcor Safety Performance / Half year results
Amcor Safety Performance For personal use only RCFR LTIFR 12 10.2 3 • World class safety performance 10 8.4 2.5 • LTIFR at 0.8 2.4 7.4 8 2 1.9 • Recordable frequency rate at 3.2 6 5.1 1.5 1.6 4.1 4.0 3.1 3.2 • Improvement of 69% over past 7 years 4 1.2 1 0.9 0.8 0.8 2 0.7 0.5 0 0 RCFR LTIFR *Six mon
Slide 3: PBIT performance and Flexibles
PBIT performance For personal use only million Dec 11 Dec 12 U% • Solid PBIT result Flexibles (€) 245.7 280.9 14.3 • Modest contribution from acquisitions – Restructuring costs to achieve cost synergies included Rigid Plastics (USD) 116.6 127.7 9.5 in operating PBIT Australasia & Packaging 89.8 82.8
Slide 4: Shorewood acquisition and Rigid Plastics
Shorewood acquisition For personal use only Manufacturing facilities • Improves global footprint • Assets in South Korea, China, USA and Mexico North America Asia – Expands position in Asia – Builds position in Mexico – Improves cost position in USA Sacheon‐Si, • Strong returns of more than 20% Danv
Slide 5: Australasia and Packaging Distribution
Australasia and Packaging Distribution For personal use only A$ million Dec 11 Dec 12 U% • Operating result as expected Sales revenue 1,479 1,493 0.9 • Stable volumes across the business units – Lower volumes in first quarter but stronger PBIT 89 8 89.8 82 8 82.8 (7 8) (7.8) second quarter AFE 1,638
Slide 6: Balance sheet and debt profile
Balance sheet and debt profile For personal use only A$ million Jun 12 Dec 12 Debt profile Jun 12 Dec 12 Funds employed 6,931 7,194 Fixed / floating interest rate ratio 59% fixed 52% fixed N t debt Net d bt 3 551 3,551 3 774 3,774 Bank debt / total debt 34% 33% Equity 3,380 3,420 Committed facilitie
Slide 7: Results
For personal use only Half Year Results 31 December 2012 Appendix slides Results A$ million Dec 11 Dec 12 Dec 11 Dec 12 Sales revenue 6,085.3 6,034.9 Weighted average number of shares (m) 1,222.4 1,205.9 PBITDA 770.9 768.1 EPS (cents) 24.9 26.7 Depreciation and amortisation (255.2) (237.0) PBIT/AFE
Slide 8: Significant items and cash flow
Significant items For personal use only A$ million Dec 11 Dec 12 P&L Cash P&L Cash Australasia restructuring – Petrie mill closure - - 119 6 119.6 - Transaction, synergy costs and impairments 110.5 69.0 - 37.6 ACCC class action 1.3 3.9 - 0.2 Other 5.3 1.5 - 4.0 Significant items expense before relat
Slide 9: Working capital performance and debt profile
Working capital performance For personal use only Amcor average working capital to sales (%) 12.9 11.7 9.8 9.8 9.8 10.0 9.5 7.2 Dec-05 Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Improvement in working capital to sales 17 Debt profile Maturity Facility Drawn at 30 Net debt currency profile – De
Slide 10: Currency sensitivities and Amcor footprint
Currency sensitivities For personal use only • $5m PAT for every 1 cent movement against the EUR • $3m PAT for every y 1 cent movement against g the USD Dec 11 Jun 12 Dec 12 13 Feb 13 USD 1.0312 1.0318 1.0385 1.0357 Euro 0.7468 0.7705 0.8149 0.7701 19 Amcor footprint H1 2013 sales H1 2013 sales Rigi
Slide 11: Historic performance – Half year sales revenue and PBIT
Historic performance – Half year sales revenue For personal use only (million) Currency Dec 08 Jun 09 Dec 09 Jun 10 Dec 10 Jun 11 Dec 11 Jun 12 Dec 12 Flexibles EUR 935 869 869 1,940 2,248 2,329 2,272 2,411 2,534 Rigid Plastics USD 1,272 1,203 1,064 1,194 1,417 1,693 1,625 1,740 1,497 Australasia an
Slide 12: Historic performance – Half year AFE
Historic performance – Half year AFE For personal use only Average Funds Currency Dec 08 Jun 09 Dec 09 Jun 10 Dec 10 Jun 11 Dec 11 Jun 12 Dec 12 Employed (million) Flexibles EUR 1,033 1,009 981 1,463 2,195 2,209 2,195 2,199 2,447 Rigid Plastics USD 1,655 1,601 1,453 1,460 1,786 1,804 1,798 1,753 1,7
Slide 13: Flexibles raw material input costs; Rigid Plastics historic performance
Flexibles – raw material input costs For personal use only 200 Resins Aluminium 180 160 140 120 100 80 60 Quarterly weighted average index for Western European Polyethylene & Polypropylene resins and film, and PET film Quarterly average index for LME aluminium prices No material movement in raw mate
Slide 14: Rigid Plastics - Product mix
Rigid Plastics - Product mix For personal use only North America Sales Total Sales revenue(1) South & Central revenue(1) USD 1,497 million America Sales USD 993 million revenue(1) USD 443 million 14% 40% 31% 37% 13% 50% 73% 19% 23% CSDW Custom Diversified Products (1) Sales for the half year ended 3
Slide 15: Australasia and Packaging Distribution historic performance; Botany mill
Australasia and Packaging Distribution - Historic performance For personal use only Sales revenue Dec 08 Jun 09 Dec 09 Jun 10 Dec 10 Jun 11 Dec 11 Jun 12 Dec 12 A$ million Fibre 631 593 607 607 603 581 608 589 629 Rigids 336 291 328 312 386 329 401 330 376 Packaging 597 537 463 483 481 456 470 474 4
Slide 16: Investments / Other
Investments / Other For personal use only PBIT (million) Currency FY 10 H1 11 FY 11 H1 12 FY 12 H1 13 AMVIG AUD 31.3 17.1 34.0 15.4 32.9 12.3 Glass Tubing AUD 4.7 8.5 18.4 - - - Corporate costs AUD (47.9) (31.6) (72.2) (31.5) (71.4) (31.5) Total AUD (11.9) (6.0) (19.8) (16.1) (38.5) (19.2) 31 Defens
Slide 17: Consistent PBIT growth
Consistent PBIT growth For personal use only 300 600 250 500 200 400 150 300 Flexibles (EUR) Rigid Plastics (USD) 100 200 AAPD (AUD) 50 100 Amcor RHS (AUD) Amcor CC RHS (AUD) 0 0 Jun-09 9 Dec-09 9 Jun-10 0 Dec-10 0 Jun-11 1 Dec-11 1 Jun-12 2 Dec-12 2 Dec 08 8 PBIT CAGR of 21% in constant currency te
Slide 18: Non-IFRS information
Non-IFRS information For personal use only The following notes provide further details of certain non-IFRS financial measures used throughout this presentation: Operating cash flow is cash flow from operating activities calculated in accordance with IFRS, adjusted to take into account net capital ex