Slide 1: Fiscal 2021 year to date results
Fiscal 2021 year to date results (nine months ended March 31, 2021) Ron Delia CEO Michael Casamento CFO May 4, 2021 US May 5, 2021 Australia NYSE: AMCR | ASX: AMC
Slide 2: Disclaimers
Disclaimers Cautionary Statement Regarding Forward-Looking Statements This document contains certain statements that are “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are generall
Slide 3: Safety: Committed to our goal of 'no injuries'
Safety Committed to our goal of ‘no injuries’ Recordable-case frequency rate • Staying safe and healthy - our first priority (per million hours worked) 4.5 4.1 • 27% reduction in number of injuries 4 4.0 Acquisition impacts 3.5 3.4 3.2 • 54% of sites injury free for >12 months 3 2.8 2.6 2.6 2.4 2.2
Slide 4: Key messages for today
Key messages for today Demonstrating the strength of our investment case 1. Strong year to date result - outstanding execution, continued momentum 2. FY21 guidance increased to 14-15% adjusted EPS growth (from 10-14%) 3. Investing for growth 4 Note: EPS growth refers to adjusted EPS growth. Refer sl
Slide 5: The Amcor investment case has never been stronger
The Amcor investment case has never been stronger Global industry leader with proven track record and clear strategy Consistent growth from consumer and healthcare end markets Attractive and growing dividend with current yield >4% Strong balance sheet, substantial capacity to invest and many growth
Slide 6: Proven track record of financial performance
Proven track record of financial performance Fiscal 2010 - 2020 >20 +6% +8% +15% YEARS 4.6% Investment Adjusted Adjusted Average TSR grade credit EBITDA EPS CAGR Dividend Yield CAGR rating CAGR (6% DPS CAGR) Notes: 10 year CAGR based on 2010 IFRS results as reported by Amcor in AUD converted at an F
Slide 7: Multiple drivers of organic growth
Multiple drivers of organic growth Growing Emerging Innovation End Markets Markets Growth and margin from high value >$3 bn Emerging Markets Driving value through end markets business across 27 countries differentiated packaging Asia Healthcare Hot-fill beverage Pet Food Eastern Europe Latin America
Slide 8: Investing for growth
Investing for growth Expanding capacity in high value segments and high growth markets Dedicated capacity expansion to support a high Emerging markets: Focus segments: growth brand in a consumer preferred format – Single serve coffee Rorschach, investment Switzerland China investment Switzerland Gre
Slide 9: Accessing early stage, differentiated innovation
Accessing early stage, differentiated innovation Open Innovation and Corporate Venturing Amcor’s first corporate venture type investment ePac is a leader in high quality, Learning and growing by sourcing innovation length digital printing and/or making direct investment in new Amcor’s first corporat
Slide 10: Sustainability: Amcor's greatest opportunity for growth and differentiation
Sustainability: Amcor’s greatest opportunity for growth and differentiation Responsible Packaging: Waste management Consumer Packaging design infrastructure participation Amcor: Uniquely positioned with scale, resources and capabilities 10 10
Slide 11: Responsible Packaging: Innovating and collaborating for scalable solutions
Responsible Packaging: Innovating and collaborating for scalable solutions Enabling chemically-recycled material Elimination of PVC - In-store collection and recycling for food-grade packaging healthcare blister packaging programs 11 11
Slide 12: Group result summary: nine months ended March 31, 2021
Group result summary: nine months ended March 31, 2021 Strong result ahead of expectations. Outstanding execution and continued momentum EPS EBIT EBIT margin • EBIT growth increasingly organic • Outstanding cost management • Strong cash flow +16% +9% +80bps • >$850 million cash returns to 51.5 $1,14
Slide 13: Flexibles segment result – nine months ended March 31, 2021
Flexibles segment result – nine months ended March 31, 2021 Strong earnings growth and margin expansion YTD YTD Highlights 3Q20 3Q21 • Adjusted EBIT growth 9% on a comparable constant Net sales 7,280 7,350 +1% currency basis Adjusted EBIT ($m) 919 1,005 +9% • 4% organic growth Adjusted EBIT margin 1
Slide 14: Bemis acquisition: enhancing financial performance
Bemis acquisition: enhancing financial performance Exceeding cost synergy expectations and leveraging differentiated products Annual cost synergies delivered and expected ($ million) • High quality acquired business At least contributing to organic margin expansion ≥30 $180m • On track to deliver co
Slide 15: Rigid Packaging segment result – nine months ended March 31, 2021
Rigid Packaging segment result – nine months ended March 31, 2021 Strong consumer demand and earnings growth continues YTD YTD Highlights 3Q20 3Q21 • Net sales growth of 7% and adjusted organic EBIT Net sales 2,047 2,059 +7% growth of 9% on a comparable constant currency basis Adjusted EBIT ($m) 197
Slide 16: Nine months ended March 31, 2021 – strong cash flow & returns
Nine months ended March 31, 2021 – strong cash flow & returns On track to deliver Free Cash Flow of >$1billion in fiscal 2021. Strong balance sheet and cash returns to shareholders Adjusted Free Cash Flow in line with expectations and Strong investment grade balance sheet and on track to deliver >$1
Slide 17: Raised EPS guidance for 2021 fiscal year
Raised EPS guidance for 2021 fiscal year For fiscal 2021 the Company expects: Adjusted constant currency EPS growth of approximately 14 to 15% (previously 10 to 14%) compared with adjusted EPS of 64.2 cents in fiscal 2020 Includes an unfavorable EPS impact from disposed businesses of approximately 1
Slide 18: Key messages for today
Key messages for today Demonstrating the strength of our investment case 1. Strong year to date result - outstanding execution, continued momentum 2. FY21 guidance increased to 14-15% adjusted EPS growth (from 10-14%) 3. Investing for growth 18 Note: EPS growth refers to adjusted EPS growth. Refer s
Slide 19: Appendix slides
Appendix slides Result for nine months ended March 31, 2021 – supplementary schedules and reconciliations
Slide 20: FX translation impact
FX translation impact Nine months ended March 31, 2021 Combined net income currency currency impact exposures(1) Total currency impact $ million Adjusted EBIT (4) EUR, 20-30% Adjusted net income (3) EUR:USD Euro strengthened vs USD, USD million impact on YTD Average USD to EUR rate YTD 3Q21 adjusted
Slide 21: Reconciliations of non-GAAP financial measures
Reconciliations of non-GAAP financial measures 21
Slide 22: Reconciliations of non-GAAP financial measures
Reconciliations of non-GAAP financial measures 22
Slide 23: Reconciliations of non-GAAP financial measures
Reconciliations of non-GAAP financial measures 23