Slide 1: Fiscal 2024 Full Year results
Fiscal 2024 Full Year results (twelve months ended June 30, 2024) Peter Konieczny Interim CEO Michael Casamento CFO August 15, 2024 US August 16, 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: 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 1.4 • 12% fewer in
Slide 4: Delivering against unchanged near-term priorities
Delivering against unchanged near-term priorities Build further Strong FY24 Safety momentum in finish FY25 Keep our teams focused on delivering for stakeholders 4
Slide 5: Key messages
Key messages 1. Strong 4Q financial performance with a return to volume growth 2. Volumes, EPS growth & free cash flow ahead of expectations set out in April 3. Expect strong growth from the underlying business to continue in FY25 4. Capital allocation priorities remain unchanged 5
Slide 6: Strong fourth quarter EPS growth and free cash flow
Strong fourth quarter EPS growth and free cash flow A return to volume growth in 4Q and earnings growth improved sequentially • 4Q volumes up 1% on last year, ahead of expectations Net sales EBIT EPS and a 5 percentage point improvement on 3Q • Expected weakness in healthcare categories and 4Q24 4Q2
Slide 7: Flexibles segment
Flexibles segment Broad based volume growth in 4Q and continued strong cost performance June quarter highlights $m 4Q23 4Q24 CCC ∆ • Volumes up 3%, improving sequentially by 5% points Net sales 2,777 2,686 -1% • As expected, destocking continued in healthcare, driving unfavorable price/mix Adjusted
Slide 8: Rigid Packaging segment
Rigid Packaging segment Strong cost focus through the year and sequential improvement through 2H June quarter highlights $m 4Q23 4Q24 CCC ∆ • Volumes down 5%, improving sequentially by 3% points Net sales 897 849 -2% • Volumes in line with prior year excluding NA beverage • North America beverage vo
Slide 9: Cash flow and balance sheet
Cash flow and balance sheet Adjusted Free Cash Flow significantly higher than last year through improved working capital performance Cash flow ($ million) FY23 FY24 FY2024 YTD highlights Adjusted EBITDA 2,018 1,962 Interest and tax payments, net (473) (548) • Adjusted Free Cash Flow of $952 million
Slide 10: Fiscal 2025 guidance
Fiscal 2025 guidance For the year ended June 30, 2025, the Company expects • 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 compensation payments) compa
Slide 11: Key messages
Key messages 1. Strong 4Q financial performance with a return to volume growth 2. Volumes, EPS growth & free cash flow ahead of expectations set out in April 3. Expect strong growth from the underlying business to continue in FY25 4. Capital allocation priorities remain unchanged 11
Slide 12: Appendix slides: Supplementary schedules and reconciliations
Appendix slides Supplementary schedules and reconciliations
Slide 13: FX translation impact
FX translation impact FY24 currency impact Combined Net income currency exposures(1) Total currency impact $ million Adjusted EBIT 15 EUR 20-30% Adjusted Net income 12 EUR:USD Euro stronger vs USD, Average FY24 USD million impact USD to EUR rate FY24 0.9245 vs on Adjusted Net income FY23 0.9561 3% 8
Slide 14: Reconciliations of non-GAAP financial measures
Reconciliations of non-GAAP financial measures 14
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