Slide 1: Fiscal 2025 third quarter results
1 Fiscal 2025 third quarter results Peter Konieczny CEO Michael Casamento CFO 30 April, 2025 US 1 May, 2025 Australia
Slide 2: Disclaimers
2 Disclaimers Cautionary Statement Regarding Forward-Looking Statements Unless otherwise indicated, references to "Amcor," the "Company," "we," "our," and "us" in this document refer to Amcor plc and its consolidated subsidiaries. This document contains certain statements that are "forward-looking s
Slide 3: Safety
3 Safety Guided by our values. Always our number one priority. Sustained excellence Amcor Values Recordable-case frequency rate (per million hours worked) 11.2 Includes impact North America packaging materials of acquired industry average businesses TRIR • Industry-leading safety performance continu
Slide 4: Key messages
4 Key messages • EPS growth in an increasingly uncertain consumer environment, particularly in the US • Merger with Berry closed and integration has commenced earlier than anticipated • Expecting approximately 12% adjusted EPS accretion in FY26 through delivery of synergies alone, before taking into
Slide 5: Leadership in place and integration commenced
5 Leadership in place and integration commenced Day one alignment, responsibility and accountability across two strong and strategically attractive segments Flexibles ~60% sales Containers & Closures ~40% sales • Global scale, breadth & leadership • Global scale, breadth & leadership • Best-in-class
Slide 6: Amcor and Berry Global combination
6 Amcor and Berry Global combination Enhancing customer value proposition as a global leader in 1 2 3 4 packaging solutions Better Business with Accelerating Growth Innovation and Creating Value that greater capabilities, with highly Sustainability matters broader scale, complementary investment unl
Slide 7: Clear visibility to $650 million total synergies expected by year 3
7 Clear visibility to $650 million total synergies expected by year 3 Sources of synergy benefits identified Confident in delivering $260 million of and delivery not dependent on macro expected synergy benefits in fiscal 2026 environment ~$130 million ~$650 million Year 3 Total ~$260 million ~20% of
Slide 8: Compelling financial profile with enhanced shareholder returns
8 Compelling financial profile with enhanced $3+ billion of Commitment to investment Enhance long-term shareholder returns annual cash flow2 available to grade balance sheet and Shareholder Value reinvest in the business plus annual Dividend Per Share Creation Model from $180 million R&D spend growt
Slide 9: Third quarter result highlights
9 Third quarter result highlights Earnings growth driven by improved price/mix trends and strong cost performance March quarter highlights Net Sales EBIT EPS • Volumes in line with last year 3Q25 3Q25 3Q25 • Modest share gains offset by weak consumer demand +0.4% vs pcp +0.4% vs pcp +5% vs pcp • Gro
Slide 10: Flexibles segment
10 Flexibles segment Volume growth, improving price/mix trends and favorable cost performance March quarter highlights $m 3Q24 3Q25 CCC ∆ • Net sales up 1%; Volumes up 1%; modest net share gains partly offset by weaker consumer demand Net sales 2,598 2,605 +1% • As expected, healthcare destocking es
Slide 11: Rigid Packaging segment
11 Rigid Packaging segment North America beverage volumes weaker than anticipated March quarter highlights $m 3Q24 3Q25 CCC ∆ • Net sales down 3%; Volumes down 2% • North America beverage volumes down HSD largely reflecting weaker Net sales 813 728 -3% than anticipated consumer and customer demand A
Slide 12: Cash flow and balance sheet
12 Cash flow and balance sheet 3Q24 3Q25 Highlights: Cash flow ($ million) YTD YTD • Working capital unfavorably impacted by higher Adjusted EBITDA 1,412 1,397 inventories resulting from weakening sales volumes in Interest and tax payments, net (359) (315) the March quarter Capital expenditure (358)
Slide 13: Outlook
13 Outlook For the year ended June 30, 2025, inclusive of merger related impacts in May and June of the fourth quarter: • Adjusted EPS range narrowed to approximately 72 to 74 cents per share • Adjusted Free Cash Flow of approximately $900 million to $1,000 million For the year ended June 30, 2026:
Slide 14: Key messages
14 Key messages • EPS growth in an increasingly uncertain consumer environment, particularly in the US • Merger with Berry closed and integration has commenced earlier than anticipated • Expecting approximately 12% adjusted EPS accretion in FY26 through delivery of synergies alone, before taking int
Slide 15: Appendix slides
15 Appendix slides Supplementary schedules and reconciliations
Slide 16: FX translation impact
16 FX translation impact 3Q25 YTD currency impact Combined Net income currency exposures(1) Total currency impact $ million Adjusted EBIT (20) Adjusted Net income (16) EUR 20-30% EUR:USD Euro weaker vs USD, Average USD 3Q25 YTD USD million to EUR rate 3Q25 YTD 0.9327 vs impact on Adjusted Net 3Q24 Y
Slide 17: Amcor and Berry combination will deliver significant uplift in long-term Shareholder Value Creation Model
17 Amcor and Berry combination will deliver significant uplift in long-term Amcor new model Shareholder Value Creation Model Annual Re-invest in the EPS cash flow1 business growth Amcor current model $3+ bn $1+ bn ~10-15% Accelerated Annual Re-invest in the EPS cash flow business growth growth platf
Slide 18: Reconciliations of non-GAAP financial measures
18 Reconciliations of non-GAAP financial measures
Slide 19: Reconciliations of non-GAAP financial measures
19 Reconciliations of non-GAAP financial measures
Slide 20: Reconciliations of non-GAAP financial measures
20 Reconciliations of non-GAAP financial measures
Slide 21: Reconciliations of non-GAAP financial measures
21 Reconciliations of non-GAAP financial measures
Slide 22: Reconciliations of non-GAAP financial measures
22 Reconciliations of non-GAAP financial measures