Slide 1: FY22 Half Year Results
FY22 Half Year Results Ron Delia CEO Michael Casamento CFO February 1, 2022 US February 2, 2022 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 • 10% reduction in number of injuries 2.0 2.8 2.2 2.1 • 58% of sites injury free for >12 months 0.4 2005 2010 2015 2020 2021 1H22 1H22
Slide 4: Key messages
Key messages 1. Solid first half result and outlook for fiscal 2022 unchanged 2. Increasing cash returns to shareholders 3. Strong foundation and investing for growth 4. Building on our sustainability progress and raising our ambitions 4
Slide 5: Solid first half financial result
Solid first half financial result Net sales EBIT EPS Increasing returns to shareholders • RoAFE increased to 16% $6,927M $769M 35.8 cents • $600 million of share repurchases expected in fiscal 2022 • Quarterly dividend increased to +12% +5% +9% 12 cents per share Solid result delivered in a challeng
Slide 6: Flexibles segment
Flexibles segment Strong earnings growth and margin management 1H21 1H22 Comparable First half highlights constant currency • Sales of $5.3bn includes price increases of ~$480 Net sales ($m) 4,850 5,347 +2% million (10% growth) related to higher raw material costs Adjusted EBIT ($m) 653 691 +7% • Sa
Slide 7: Rigid Packaging segment
Rigid Packaging segment Expect a return to earnings growth in the second half vs the same period last year 1H21 1H22 Comparable First half highlights constant currency • Sales of $1.6bn includes price increases of ~$170 million Net sales ($m) 1,352 1,580 +4% (13% growth) related to higher raw materi
Slide 8: Cash flow, balance sheet & cash returns to shareholders
Cash flow, balance sheet & cash returns to shareholders Strong balance sheet. Investing in growth. Increasing returns to shareholders First half highlights Year to date cash flow ($ million) 1H21 1H22 • Growing EBITDA Adjusted EBITDA 948 976 Interest and tax payments (233) (157) • Working capital im
Slide 9: Guidance for fiscal year ending June 2022 unchanged
Guidance for fiscal year ending 30 June 2022 unchanged For fiscal 2022 the Company continues to expect: 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 thr
Slide 10: Investment case: Strong foundation for growth and value creation
Investment case: Strong foundation for growth and value creation Global leader in primary consumer and healthcare packaging with a strong track record Consistent growth from priority segments, emerging markets and innovation Growing cash flow and strong balance sheet provides ongoing capacity to inv
Slide 11: Investing in multiple drivers of organic growth
Investing in multiple drivers of organic growth Priority Emerging Innovation Segments Markets >$4 bn sales in higher growth, >$3 bn Emerging Markets sales Driving value through higher value segments: across 27 countries: differentiated packaging: Healthcare Protein Pet food MSD volume growth across
Slide 12: Competitive advantage and leadership in priority segments
Competitive advantage and leadership in priority segments Protein Healthcare Healthcare PremiumCoffee Premium Coffee PetFood Pet Food Hot-Fill Beverage Hot-Fill Beverage Hot-Fill Beverage Total Amcor sales >$4 billion across priority segments Common segment features: Large addressable markets (>$1bn
Slide 13: 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 Hearing directly from 12,000 Making progress across our Launching new product consumers portfolio platforms % Designed to be recy
Slide 14: Sustainability: Building on our progress, increasing our ambitions
Sustainability: Building on our progress, increasing our ambitions Strong progress External recognition Raising the bar EnviroAction (vs 2006) Reduction in Net zero GHG 35% GHG emissions intensity emissions by 2050 Sites with zero 115 waste to disposal Pathway aligned with Science Based Targets 100%
Slide 15: Key messages
Key messages 1. Solid first half result and outlook for fiscal 2022 unchanged 2. Increasing cash returns to shareholders 3. Strong foundation and investing for growth 4. Building on our sustainability progress and raising our ambitions 15
Slide 16: Appendix slides
Appendix slides FY22 First Half results – supplementary schedules and reconciliations
Slide 17: FX translation impact
FX translation impact 1H22 currency impact Combined net income currency exposures(1) Total currency impact $ million Adjusted EBIT (3) EUR, 20-30% Adjusted net income (2) EUR:USD Euro weakened vs USD, Average USD million impact on USD to EUR rate 1H22 0.8615 vs 1H22 adjusted net income 1H21 0.8473 (
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