Slide 1: Fiscal 2026 Second Quarter Results
1 Fiscal 2026 Second Quarter Results Peter Konieczny Chief Executive Officer Steve Scherger Chief Financial Officer 3 February 2026 5:30pm US EST 4 February 2026 9:30am Australian EDT
Slide 2: Disclaimers and Notes
2 Disclaimers and Notes 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
Slide 3: Upholding Safety as a Core Value
3 Upholding Safety as a Core Value Guided by Our Values Industry Leading Safety Performance with Opportunities to Improve Annual Total Recordable Incident Rate (per million hours worked) SAFETY North America packaging materials industry average TRIR (2.9) CUSTOMERS Includes impact of WINNING acquire
Slide 4: Key Messages
4 Key Messages 1. Financial Performance In Line With Expectations: • Q2 Adjusted EPS of $0.86; up 7% YOY • H1 Adjusted EPS of $1.83; up 14% YOY • Core Portfolio Adjusted EBIT up ~7% driven by synergy benefits • Excluding synergies, Core Portfolio Adjusted EBIT in line with prior year • Demonstrating
Slide 5: Second Quarter and First Half Financial Highlights
5 Second Quarter and First Half Financial Highlights Financial Performance In Line With Expectations Adjusted Adjusted Adjusted Free Cash Net Sales EBITDA EBIT EPS Flow Q2 $5,449m $826m $603m $0.86 $289m FY2026 15.2% margin 11.1% margin +7% H1 $11,194m $1,736m $1,290m $1.83 $(53)m FY2026 15.5% margi
Slide 6: Core Portfolio Generating Solid Earnings Growth and Strong Margins
6 Core Portfolio Generating Solid Earnings Growth and Strong Margins ~$20bn Core Portfolio – Global Leader In Consumer Packaging and Dispensing Solutions For Nutrition Estimated Core Portfolio vs Total Company and Health Core Total Company 2Q26 Portfolio (incl non-core) Net sales ~$4.9bn $5.4bn Volu
Slide 7: Synergies on Track and Targets Reaffirmed
7 Synergies on Track and Targets Reaffirmed Q2 Synergies ~$55 million; H1 Synergies ~$93 million. Continue To Expect At Least $260 Million in FY26 and $650 Million Over 3 Years (FY26-28) Q2 FY2026: ~$55 million ~$130 million ~$650 million • At upper end of expected range ~$260 million Year 3 • Finan
Slide 8: Global Flexible Packaging Solutions
8 Global Flexible Packaging Solutions Synergies and Cost Performance Drive Adjusted EBIT Up ~1% While Volumes Down ~2% Q2 FY2026 Reported Results vs Prior Year Reported Reported Result $m 2Q25 2Q26 CC ∆ Net sales up 23% and $677 million ∆ • Acquisitions 24% of total and $605 million Net sales 2,511
Slide 9: Global Rigid Packaging Solutions
9 Global Rigid Packaging Solutions Adjusted EBIT Up 15%1 With Flat Volumes Excluding Non-Core Businesses Q2 FY2026 Reported Results vs Prior Year Reported Reported Result $m 2Q25 2Q26 CC ∆ Net sales up 200% and $1.5 billion ∆ • Acquisitions 212% of total and $1.5 billion Net sales 730 2,264 +210% +2
Slide 10: Free Cash Flow and Leverage
10 Free Cash Flow and Leverage Expect $1.8-$1.9 Billion Full-Year Free Cash Flow and Fiscal YE Leverage of 3.1-3.2 Times Cash flow ($ million) 1H25 1H26 H1 FY2026: Adjusted EBITDA 919 1,736 • Free Cash Flow use of $53 million, in line with expectations Interest and tax payments, net (254) (454) • Le
Slide 11: Fiscal 2026 Guidance Reaffirmed
11 Fiscal 2026 Guidance Reaffirmed 12 months ending June 30, 2026 Comments Adjusted EPS $4.00 to $4.15 Unchanged. Previous $0.80 to $0.83 guidance range updated to reflect 1 for 5 Reverse Stock Split, effected Represents constant currency growth of ~12%-17% on January 14, 2026 Free Cash Flow $1.8 to
Slide 12: Key Messages
12 Key Messages 1. Financial Performance In Line With Expectations: • Q2 Adjusted EPS of $0.86; up 7% YOY • H1 Adjusted EPS of $1.83; up 14% YOY • Core Portfolio Adjusted EBIT up ~7% driven by synergy benefits • Excluding synergies, Core Portfolio Adjusted EBIT in line with prior year • Demonstratin
Slide 13: Appendix
13 Appendix Supplementary schedules and reconciliations
Slide 14: Supplemental Guidance
14 Supplemental Guidance 12 months ending June 30, 2026 Comments Adjusted Depreciation & Amortization ~$875-$925 million Not previously provided Adjusted net interest expense ~$570-$600 million Unchanged Effective tax rate ~17-20% Previously 19%-21% Capital expenditures ~$850-$900 million Unchanged
Slide 15: Synergy Expectations Reaffirmed: Total $650 Million Expected by Year 3
15 Synergy Expectations Reaffirmed: Total $650 Million Expected by Year 3 Sources of Synergies Remain On Track Expect At Least $260 Million of Synergies in Fiscal 2026 ~$130 million ~$650 million Year 3 Total ~$260 million ~20% of total synergies Year 2 ~40% of total ~$260 million $280 million in Ye
Slide 16: Global Leader In Consumer Packaging and Dispensing Solutions
16 Global Leader In Consumer Packaging and Dispensing Solutions For Nutrition, Health, Beauty & Wellness Three Key Drivers of Higher Long-term Organic Growth Portfolio Optimization Growth Synergies Focus Categories Sharpen focus on integrating $280m revenue; $60m (pre-tax) ~50% of core portfolio in
Slide 17: Amcor and Berry
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 Legacy Current Model $3+ bn $1+ bn ~10-15% Accelerated Growth Annual Re-invest in the EPS cash flow business growt
Slide 18: Reconciliations Measures
18 Reconciliations of Non-GAAP Financial Measures
Slide 19: Reconciliations Measures
19 Reconciliations of Non-GAAP Financial Measures
Slide 20: Reconciliations Measures
20 Reconciliations of Non-GAAP Financial Measures
Slide 21: Reconciliations Measures
21 Reconciliations of Non-GAAP Financial Measures Supplemental Unaudited Historical Segment Financial Reconciliation of Adjusted EBIT against combined prior year excluding non- Information on a Combined Basis core businesses The financial information presented below represents estimated, unaudited a