Slide 1: FY21 Full Year Results
FY21 Full Year Results Ron Delia CEO Michael Casamento CFO August 17, 2021 US August 18, 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 Amcor Values (per million hours worked) 11.2 Includes impact of acquired businesses 4.1 • 23% reduction in number of injuries 2.0 2.8 2.2 • 53% of sites injury free for >12 months 0.4 2005 2010 2015 2020 2021 2021 OSHA Note
Slide 4: Key messages for today
Key messages for today 1. FY21: An outstanding year on multiple dimensions 2. Momentum building - expect another strong year in FY22 3. Bemis integration complete, exceeding expectations, stronger foundation 4. Investing behind organic growth drivers, including sustainability 4
Slide 5: FY21: Outstanding financial results and ahead of expectations
FY21: Outstanding financial results and ahead of expectations Record earnings. Exceptional margin management. Carrying momentum into FY22 Revenue EBIT EBIT EPS Free Cash margin Flow $12,861M $1,621M 12.6% 74.4 cents $1.1 bn +2% +8% +60bps +16% RoAFE of 15.4% >$1 billion cash returned to shareholders
Slide 6: Flexibles segment
Flexibles segment Strong execution, margin expansion and earnings growth FY20 FY21 Comparable Full Year Highlights constant currency • Record annual sales and EBIT Net sales 9,755 10,040 - • Adjusted EBIT growth 9% Adjusted EBIT ($m) 1,296 1,427 +9% • 4Q21 net sales includes price increases of >$100
Slide 7: Rigid Packaging segment
Rigid Packaging segment Increasing consumer demand and strong earnings growth FY20 FY21 Comparable Full Year Highlights constant currency • Organic adjusted EBIT growth of 8% Net sales 2,716 2,823 +8% • Segment volume growth 5% and positive mix Adjusted EBIT ($m) 284 299 +8% • North America – strong
Slide 8: Cashflow, balance sheet & cash returns to shareholders
Cashflow, balance sheet & cash returns to shareholders $1.1 billion adjusted free cash flow Balance sheet capacity to invest, execute M&A and return cash to shareholders Year to date cash flow ($ million) FY20 FY21 Full Year Highlights Adjusted EBITDA 1,913 2,028 • Growing EBITDA Interest and tax pa
Slide 9: Guidance for fiscal year ending June 2022
Guidance for fiscal year ending 30 June 2022 For fiscal 2022 the Company expects: Adjusted EPS growth of approximately 7 to 11% on a comparable constant currency basis, or approximately 79.0 to 81.0 cents per share on a reported basis assuming current exchange rates prevail through fiscal 2022 Adjus
Slide 10: Transformational Bemis acquisition exceeding expectations
Transformational Bemis acquisition exceeding expectations Enhancing financial performance…strengthening foundation for growth Expectations for FY22 Stronger customer value proposition: (3rd year post closing): Comprehensive global footprint in flexible packaging Cost Flexibles Earnings Shares synerg
Slide 11: Investing in multiple drivers of organic growth
Investing in multiple drivers of organic growth Higher Growth Emerging Innovation Segments Markets Higher growth, higher value >$3 bn Emerging Markets business Investing in our innovation segments including: across 27 countries including: capabilities Healthcare Protein Hot-fill beverage MSD volume
Slide 12: Accelerating delivery of Responsible Packaging solutions
Accelerating delivery of Responsible Packaging solutions Responsible Packaging: Waste management Consumer Packaging design infrastructure participation Commercialising new product platforms to Collaboration across the value chain to meet increasing customer demand set standards and drive global alig
Slide 13: 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% Growing cash flow and strong balance sheet provides sustainable capac
Slide 14: Key messages for today
Key messages for today 1. FY21: An outstanding year on multiple dimensions 2. Momentum building - expect another strong year in FY22 3. Bemis integration complete, exceeding expectations, stronger foundation 4. Investing behind organic growth drivers, including sustainability 14
Slide 15: Appendix slides
Appendix slides FY21 Full year results – supplementary schedules and reconciliations
Slide 16: Focused global portfolio
Focused global portfolio $12.9 bn combined sales by product type, end market and geography Closures Western Other Other Cartons 2% consumer 4% Europe 9% Rigids 24% 9% 21% HPC 7% Food product end 44% Healthcare geography Emerging type 12% market markets 26% North America 47% Flexibles Beverage ANZ 68
Slide 17: FX translation impact
FX translation impact FY21 currency impact Combined net income currency exposures(1) Total currency impact $ million Adjusted EBIT 7 EUR, 20-30% Adjusted net income 5 EUR:USD Euro strengthened vs USD, USD million impact on FY Average USD to EUR rate FY21 adjusted net income 0.8385 vs FY20 0.9045 7%
Slide 18: Reconciliations of non-GAAP financial measures
Reconciliations of non-GAAP financial measures 18
Slide 19: Reconciliations of non-GAAP financial measures
Reconciliations of non-GAAP financial measures 19
Slide 20: Reconciliations of non-GAAP financial measures
Reconciliations of non-GAAP financial measures 20