Slide 1: Fiscal 2025 First Quarter Results
Fiscal 2025 First Quarter Results (three months ended September 30, 2024) Peter Konieczny CEO Michael Casamento CFO October 31, 2024 US November 1, 2024 Australia
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
Safety Guided by our values. Always our number one priority. Sustained excellence Recordable-case frequency rate Amcor Values (per million hours worked) 11.2 Includes impact North America packaging materials of acquired industry average businesses TRIR 4.1 2.7 • Industry-leading safety performance 2
Slide 4: Growth: Customer after safety
Growth: Customer after safety Customer Sustainability Portfolio Culture, talent and Growth Capabilities organization Champion the best Further orient portfolio Growth oriented customer Enhance Commercial substrate solutions to towards faster growing first mindset and leverage Excellence Program and
Slide 5: Vision
Vision Packaging partner of choice known for… Consistent organic Compelling value Sustainability Market leadership growth creation Partner of choice to solve The ‘go to’ packaging Established, long-term Consistent delivery of for sustainability across solutions supplier in our track record enhanced
Slide 6: Key messages
Key messages Another quarter of sequentially improving volume growth First quarter financial result in line with expectations Reaffirming full year guidance Evolving strategic focus to unlock value 6 6
Slide 7: First quarter financial result in line with expectations
First quarter financial result in line with expectations Another quarter of volume growth and sequential improvement Volumes up ~2% vs last year Net sales EBIT • ~1 percentage point further improvement on 4Q24 • Overall net volumes across the balance of the business -2% vs pcp +3% vs pcp up ~4% excl
Slide 8: Flexibles segment
Flexibles segment Solid volume growth and strong cost performance September quarter highlights $m 1Q24 1Q25 CCC ∆ • Volumes up 3% with growth across most geographies • Volumes up MSD excluding healthcare Net sales 2,568 2,552 -1% • As expected, destocking continued in healthcare, which also Adjusted
Slide 9: Rigid Packaging segment
Rigid Packaging segment Continued focus on cost and further sequential improvement in volumes September quarter highlights $m 1Q24 1Q25 CCC ∆ • Third quarter of sequential improvement in overall volumes. Volumes down 4%, a ~1% point improvement on 4Q24 Net sales 875 801 -4% • North America beverage
Slide 10: Cash flow and balance sheet
Cash flow and balance sheet Reaffirming full year free cash flow guidance and leverage expectations Cash flow ($ million) 1Q24 1Q25 September quarter highlights Adjusted EBITDA 459 466 • Working capital impacted by higher inventories to service Interest and tax payments, net (100) (111) improving vo
Slide 11: Fiscal 2025 guidance reaffirmed
Fiscal 2025 guidance reaffirmed For the year ended June 30, 2025, the Company continues to expect • Adjusted EPS of approximately 72 to 76 cents per share, which represents comparable constant currency growth of 3% to 8% (includes approximately 4% headwind related to normalization of incentive compe
Slide 12: Key messages
Key messages Another quarter of sequentially improving volume growth First quarter financial result in line with expectations Reaffirming full year guidance Evolving strategic focus to unlock value 12 12
Slide 13: Appendix slides
Appendix slides Supplementary schedules and reconciliations
Slide 14: FX translation impact
FX translation impact 1Q25 currency impact Combined Net income currency exposures(1) Total currency impact $ million Adjusted EBIT (4) EUR 20-30% Adjusted Net income (3) EUR:USD Euro stronger vs USD, Average 1Q25 USD million impact USD to EUR rate 1Q25 0.9105 vs on Adjusted Net income 1Q24 0.9189 1%
Slide 15: Reconciliations of non-GAAP financial measures
Reconciliations of non-GAAP financial measures 15
Slide 16: Reconciliations of non-GAAP financial measures
Reconciliations of non-GAAP financial measures 16
Slide 17: Reconciliations of non-GAAP financial measures
Reconciliations of non-GAAP financial measures 17