Slide 1: Annual General Meeting 2014
30 June 2014 Annual General Meeting 2014
Slide 2: Chairman – Mr Graeme Liebelt
7 a Chairman — Mr Graeme Liebelt
Slide 3: Amcor safety performance
Amcor safety performance 2.0 1.9 9.0 • World class safety performance 1.8 8.0 8.4 1.6 1.6 7.0 • Significant improvement over the 7.4 1.4 1.2 6.0 past 7 years 1.2 RCFR LTIFR 1.0 5.1 0.9 0.8 0.8 5.0 • 60% of sites recordable case free for 4.0 0.8 4.1 4.0 0.7 a period of 12 months or more 3.4 0.5 3.0 0
Slide 4: Full year results – Profit up 24.6%
Full year results – Profit up 24.6% A$ million Jun 13 Jun 14 % Profit after tax(1) 591.6 737.0 24.6 Earnings per share(1) (cents) 49.0 61.1 24.7 Return on average funds employed (%) 18.6 19.4 Operating cash flow 637.1 890.6 39.8 Dividend per share (cents)(2) 34.0 43.0 26.5 All results presented on
Slide 5: Flexibles
Flexibles • Excellent year • Constant currency earnings up 7.1% to a record €606.2 million • Return on sales increased to 12.1% • Operating efficiencies and improved product mix • Benefits from acquisitions and growth in emerging markets 5
Slide 6: Rigid Plastics
Rigid Plastics • Solid year • Earnings 4.0% higher at US$298.2 million • Returns increased from 16.9% to 18.3% • Higher volumes in North America • Growth in Diversified Products and Latin America 6
Slide 7: Strong balance sheet
Strong balance sheet • Balance sheet remains strong • Net debt $3.199 billion • Net debt / EBITDA 2.0 times • EBITDA interest cover 7.5 times • Diverse mix of debt with balanced maturity profile 7
Slide 8: Strong returns for shareholders
Strong returns for shareholders 3.5 3.0 • Total Shareholder Return 262% since 2.5 1 July 2009 2.0 1.5 • Share price appreciation 179% 1.0 • Dividend 83% 0.5 0.0 Amcor ASX 200 Based on closing share price of $11.13 on 20 th October 2014 8
Slide 9: Corporate governance
Corporate governance • The Board is committed to achieving and demonstrating the highest standards of corporate governance • Second global co-worker engagement survey completed 9
Slide 10: Sustainability
Sustainability • Continued improvements in safety performance • 5 year resource efficiency targets met within 3 years • 600 lifecycle assessments completed • Amcor Community Program launched • New anti-bribery and corruption policy 10
Slide 11: Chairman – Mr Graeme Liebelt
7 a Chairman — Mr Graeme Liebelt
Slide 12: Managing Director & CEO Mr Ken MacKenzie
Managing Director & CEO Mr Ken MacKenzie
Slide 13: Amcor today
Amcor today • Focused packaging portfolio • Global market leader • Proprietary operating model • Strong operating and financial metrics • Disciplined growth to drive further value for shareholders 13
Slide 14: Emerging markets
Emerging markets • Unique and unrivalled footprint • 30% of sales • High growth markets • Generating strong earnings and returns • New greenfield plants • Indonesia • Philippines 14
Slide 15: Innovation
Innovation • Key component of Amcor’s customer value proposition • Solid capability platform • Objective to become the clear innovation leader in the packaging industry 15
Slide 16: LiquiForm™
LiquiForm™ • Genuine breakthrough technology providing: • Reduced operating costs • Lower energy use • Reduced manufacturing footprint • Enhanced design capabilities • Reduced greenhouse gas emissions 16
Slide 17: First Quarter Trading
First Quarter Trading
Slide 18: Flexibles
Flexibles • Volumes in developed markets generally stable • Continued good growth in emerging markets • Higher earnings expected in 2014/15 18
Slide 19: Rigid Plastics
Rigid Plastics • Positive impact from favourable weather conditions in North America • Solid start in Diversified Products, Latin America and Bericap businesses • Higher earnings expected in 2014/15 19
Slide 20: Trading summary
Trading summary • First quarter trading in line with expectations • 2014/15 full year earnings to be higher than 2013/14 20
Slide 21: Summary
Summary • Proprietary operating model • Focused packaging portfolio • Global market leader • Unique position in emerging markets • Strong operating and financial results • Investing for growth 21
Slide 22: Annual General Meeting 2014
30 June 2014 Annual General Meeting 2014