Amcor Plc · NYSE:AMCR
Amcor — Merger or Acquisition (November 2024)
28 slides from Amcor's merger presentation, Nov 19, 2024
Slide 1: Amcor and Berry to combine
1 Amcor and Berry to combine Powerful transformation partner for customers, consumers, and the Planet Investor presentation November 19, 2024
Slide 2: Disclaimers
2 Disclaimers Important Information for Investors and Shareholders Cautionary Statement Regarding Forward-Looking Statements This communication does not constitute an offer to sell or the solicitation of an offer to buy or exchange any securities or a solicitation of any vote or This communication c
Slide 3: Today's presenters
Today’s presenters 3 Peter Konieczny Michael Casamento Kevin Kwilinski Mark Miles Chief Executive Officer Chief Financial Officer Chief Executive Officer Chief Financial Officer
Slide 4: Enabling a more sustainable and better future
4 A more sustainable and better future is something our customers and our partners are striving for. So, we’re here to enable that future. To anticipate their demands, to make it possible. We’re elevating brands, shaping lives, and protecting Earth with every solution.
Slide 5: Transforming the way the world thinks about packaging
5 We’re transforming the way the world thinks about its packaging. We’re accelerating our innovation and pushing boundaries. Not on the horizon, not tomorrow, but right now. And that’s our new commitment: to act today while we also work towards an ideal future.
Slide 6: Bringing unprecedented innovation and proving circular packaging
6 It's not incremental change for us; it's a fundamental shift in how we think and act. We’re bringing unprecedented innovation expertise and investment to solve the most challenging technical problems we face. We’re proving that circular packaging is possible at scale and we’re driving demand for r
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Slide 8: Highly complementary and financially compelling combination
8 Highly complementary and financially compelling combination Transaction • All-stock combination of Amcor and Berry Transaction overview overview • Berry shareholders to receive a fixed exchange ratio of 7.25x Amcor shares for each Berry share • Amcor and Berry shareholders will own ~63% and ~37% o
Slide 9: Highly attractive combined financial profile
9 Highly attractive combined financial profile Amcor Berry (+) Synergies1 Combined Combined LTM 30-Sep-2024 Revenue 300+ bps ($ in billions) $13.6 $10.1 $0.3 $23.9 EBITDA margin expansion1 ~$180 million Annual R&D investment EBITDA $2.0 $1.7 $0.6 $4.3 ($ in billions) $3+ billion Annual Cash Flow1, 2
Slide 10: Enhancing customer value proposition as a global leader in packaging solutions
10 Enhancing customer value proposition as a global leader in packaging solutions 1 2 3 4 Better Business Accelerating Innovation and Creating Value with greater Growth with highly Sustainability that matters capabilities, complementary investment broader scale, portfolio and unlocks portfolio and s
Slide 11: Combining highly complementary businesses
11 Combining highly complementary businesses to accelerate the possible. Right now. Aligned values Global flexibles Global containers and culture and closures Regional containers Safety excellence Regional flexibles Leading protein, liquids, and healthcare solutions Attractive foodservice, Customer
Slide 12: Complementary leadership serving customers in consumer and healthcare
Complementary leadership serving customers in consumer and healthcare 12 Strategic partner to Highly differentiated and Amcor Leadership Berry Leadership consumers’ most trusted brands complementary solutions Global Global Flexibles Consumer Products Global Global Healthcare Containers and Flexibles
Slide 13: Combined Revenue of $24 billion
13 Bringing global capabilities to Combined Revenue of $24 billion local brands and local access to global brands ~30% Western Europe ~50% ~400 North Production facilities America Supply chain resilience ~20% in a dynamic world Emerging 140+ Markets Countries serviced ~70,000 Global employees Countr
Slide 14: Flexibles and Containers and Closures platform for growth
14 Differentiated platform for growth across two strategically Flexibles Containers and Closures attractive segments ~60% ~40% Scale, breadth, and leadership Complete packaging solutions Multiple substrates expertise Multiple substrates expertise Leader in high barrier ~$3 billion Wide range of tech
Slide 15: Serving customers in attractive high growth, high margin categories
15 Serving customers in attractive high growth, high margin categories Healthcare Protein Beauty and Liquids Foodservice Pet Food Personal Care Food safety and fresh Social media On-the-go, convenient Humanization Anti-counterfeiting Organic food safety protein consumption influence consumption and
Slide 16: Enabling customers to expand globally in emerging markets
16 Enabling customers to expand globally with strengthened platform in higher growth emerging markets Eastern Europe Asia Latin America Combined Revenue ~$1 billion ~$2 billion ~$2 billion Site Locations Amcor | Berry 9 | 12 31 | 12 48 | 3 Selected growth opportunities examples Sell Berry’s advanced
Slide 17: Revolutionizing product development for customers
17 Revolutionizing product development for customers $180 million Annual R&D spend AI-enabled design, research, and technologies Leading scientific expertise in multi-material 10 Innovation centers worldwide ~1,500 R&D professionals 7,000+ Patents, registered designs, and trademarks Consumer-insight
Slide 18: Combined portfolio of innovative sustainable solutions
18 Combined portfolio of innovative sustainable solutions AmFiber ClariPPil AmPrima Paper-based packaging solutions Fully recyclable, high-performance Recycle-ready high-performance pouches, pill bottles durable and heat resistant RS01XTM AmLite HeatFlex True Best-in-class inhaler with data and conn
Slide 19: Extending R&D reach with external partnerships
19 Extending R&D reach across the combined portfolio with external partnerships Sustainability Digital Disruption Substrates and Fiber Recycling Digital solutions Adjacent technology barriers AI-powered system to analyze, categorize and sort waste Digital chip technology Unique solar photovoltaic fi
Slide 20: Packaging that protects Earth is possible. Right now.
20 Packaging that protects Earth is possible. Right now. Our combined strengths and leadership unlock greater sustainability across the industry Unlocking Partnering for Making circularity breakthroughs, together transformative change possible Unmatched innovation Championing effective, Proving circ
Slide 21: Portfolio of more sustainable solutions accelerating change
21 Portfolio of more sustainable solutions accelerating change. Right now. Design for Lightweighting PCR Fiber Lower carbon recyclability footprint AmSkyTM Blister System AmPrima® recycle ready AmFiniti enables food AmFiber® delivers unique AmPrima® recycle ready is PVC- and aluminum-free, pouch wit
Slide 22: Compelling financial profile with enhanced shareholder returns
22 Compelling financial profile with enhanced shareholder returns $650 million of synergies1 $3+ billion of Over 35% adj. cash EPS and additional $280 million annual cash flow2 accretion3 and double-digit of one-time cash benefits Return On Investment4 Revenue growth above Enhance long-term market,
Slide 23: $650 million of annual earnings impact from synergies
23 $650 million of annual earnings ~$60 million ~$650 million impact from synergies Financial Total Run-Rate by year 3 ~$60 million synergies synergies Growth ~$530 million synergies Run-Rate synergies Operational by end of third year ~$45 million (40% realized by year 1, G&A 80% by year 2) ~$160 mi
Slide 24: Significant uplift in long-term Shareholder Value Creation Model
24 Combination will deliver significant uplift in long-term Shareholder Value Creation Model Amcor new model Annual Capital EPS Accelerated cash flow1 expenditure growth growth platform Amcor current model $3+ bn $1+ bn ~10-15% Annual Capital EPS $3+ billion cash flow expenditure growth annual cash
Slide 25: Leadership in consumer and healthcare packaging
25 Leadership in consumer and healthcare packaging S&P 500 Index S&P / ASX 200 S&P 500 Constituent Constituent Dividend Aristocrat $24 billion $4.3 billion 20+ years Combined Combined LTM Investment Grade LTM Revenue1 Adj. EBITDA1, 2 Credit Rating 1 Represents LTM 30-Sep-2024 figures. 2 Includes run
Slide 26: Elevating brands, Shaping lives, Protecting Earth
26 Elevating brands Shaping lives Protecting Earth
Slide 27: Transaction governance, timing, approvals, and other items
27 Transaction governance, timing, approvals, and other items Governance • Global head office located in Zurich, Switzerland • The combined company expects to maintain a significant presence in Evansville, Indiana • Peter Konieczny will serve as Chief Executive Officer, Graeme Liebelt will serve as
Slide 28: Amcor's U.S. footprint
28 Combination with Berry strengthens Amcor’s U.S. footprint Combined revenue by geography1 Global Zurich, Switzerland head office Rest of United World States ~50 % ~50 % Business group Deerfield, IL head offices Evansville, IN in the U.S. Ann Arbor, MI Miramar, FL Combined fixed assets by geography