Slide 1: Fiscal 2024 3Q and year to date results
Fiscal 2024 3Q and year to date results (Quarter and nine months ended March 31, 2024) Peter Konieczny Interim CEO Michael Casamento CFO April 30, 2024 US May 1, 2024 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: Amcor near-term priorities unchanged
Amcor near-term priorities unchanged Build further Strong FY24 Safety momentum in finish FY25 Keep our teams focused on delivering for stakeholders 3
Slide 4: Safety
Safety Guided by our values. Our number one priority 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 2.0 2.8 1.5 1.3 • 19% fewer in
Slide 5: Key messages
Key messages 1. Third quarter results ahead of expectations 2. Sequential improvement in volumes and a return to earnings growth in the quarter 3. Fiscal 2024 Adjusted EPS guidance raised 4. Confident in long term growth and value creation strategy 5
Slide 6: Third quarter and year to date financial summary
Third quarter and year to date financial summary Third quarter earnings ahead of expectations on improving volume trends and continued strong cost performance Net sales EBIT • 3Q volumes 4% lower than last year. Significantly EPS improved on 2Q 3Q24 3Q24 3Q24 • Expected weakness in healthcare catego
Slide 7: Flexibles segment
Flexibles segment Significant sequential improvement in volumes. Continued strong cost performance March quarter highlights $m 3Q23 3Q24 CCC ∆ • Volumes down 2%. 8 percentage point improvement vs 2Q Net sales 2,787 2,598 -6% • Destocking continued in healthcare as expected • Net volume growth 1% exc
Slide 8: Rigid Packaging segment
Rigid Packaging segment 3Q EBIT growth reflects strong cost focus. Volumes sequentially improved $m 3Q23 3Q24 CCC ∆ March quarter highlights • Volumes down 8%. 4 percentage point improvement vs 2Q Net sales 880 813 -8% • North America beverage volumes down 11%, primarily reflecting demand weakness a
Slide 9: Cash flow and balance sheet
Cash flow and balance sheet Full year Adjusted Free Cash Flow guidance range reaffirmed FY2024 YTD highlights 3Q23 3Q24 Cash flow ($ million) YTD YTD • Adjusted Free Cash Flow ~$100 million ahead of Adjusted EBITDA 1,478 1,412 prior year Interest and tax payments, net (299) (359) • Improved working
Slide 10: Fiscal 2024 Adjusted EPS guidance raised
Fiscal 2024 Adjusted EPS guidance raised Adjusted EPS Guidance • FY24 Adjusted EPS assumptions include: • 4Q24 Adjusted EPS up MSD compared with the 73.3 prior year in comparable constant currency terms ~2% cps • Estimated net interest expense of $310 to up to 68.5-71 cps $320 million (pre-tax) +/-L
Slide 11: Key messages
Key messages 1. Third quarter results ahead of expectations 2. Sequential improvement in volumes and a return to earnings growth in the quarter 3. Fiscal 2024 Adjusted EPS guidance raised 4. Confident in long term growth and value creation strategy 11
Slide 12: Appendix slides: Supplementary schedules and reconciliations
Appendix slides Supplementary schedules and reconciliations
Slide 13: Multiple drivers of organic growth
Multiple drivers of organic growth Priority Emerging Innovation Categories Markets >$4 bn sales in higher growth, >$3 bn Emerging Markets sales Driving value through higher value categories: across 25 countries: differentiated packaging: Healthcare Protein Hot-fill beverage Premium Coffee Pet food H
Slide 14: FX translation impact
FX translation impact 3Q24 YTD currency impact Combined Net income currency exposures(1) Total currency impact $ million Adjusted EBIT 16 EUR 20-30% Adjusted Net income 13 EUR:USD Euro stronger vs USD, Average 3Q24 YTD USD million USD to EUR rate 3Q24 0.9231 vs impact on Adjusted Net 3Q23 0.9687 inc
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
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