Amcor Plc · NYSE:AMCR
Amcor — Macquarie Australia Conference 2012
12 slides from Amcor's conference presentation, May 3, 2012
Slide 1: Macquarie Australia Conference 2012
Macquarie Australia Conference 2012 Ron Delia – Chief Financial Officer Sydney - 3 May 2012
Slide 2: Disclaimer
Disclaimer Forward looking statements This presentation contains forward-looking statements that involve subjective judgment and analysis and are subject to significant uncertainties, risks and contingencies, many of which are outside the control of, and are unknown to Amcor. Forward-looking stateme
Slide 3: Amcor's history
Amcor‟s history April 2000 • Demerged legacy fine paper business and became a pure packaging company 2001 - 2004 • Spent >$4bn on international „step- out‟ acquisitions • PET/Flexibles/Closures • Broadened product portfolio and geographic footprint 3
Slide 4: Developing 'The Amcor Way'
Developing „The Amcor Way‟ • Introduced in 2005 • Focus on: • Building core competencies • Strengthening the business Outperformance portfolio • A proprietary operating model • Delivering improved financial performance • Enabling successful acquisition integration The foundation of future success 4
Slide 5: Acquisition benefits have exceeded expectations
Acquisition benefits have exceeded expectations EPS and returns since the Alcan Packaging acquisition Improvements from acquisitions • Returns increased 47% 45 15.1 16 40 14 • EPS up 30% 35 12 R 10.3 30 • EPS up 70% on a constant E 25 10 O A P 8 F S 20 currency basis 15 6 E 4 % 10 5 2 19.1 24.9 32.4
Slide 6: Earnings driven by operating improvement and synergies
Earnings driven by operating improvement and synergies First half recap – Profit after tax up 14% • Volumes stable in developed markets and growth in emerging markets FY12 and FY13 earnings growth not dependent on improving economic conditions • Synergies from acquisitions • Alcan, Ball and Aperio •
Slide 7: Focus turning to growth
Focus turning to growth DISCIPLINED GROWTH Customer Innovation Emerging Acquisitions Value Excellence Markets Proposition CAPITAL MANAGEMENT Strong Cash Flow Superior shareholder PROPRIETARY OPERATING MODEL returns with low volatility Outperformance 7
Slide 8: Investing for future growth in emerging markets
Investing for future growth in emerging markets South Eastern • Resourcing Asia America Europe China • Regional leadership team established in India Brazil Russia India Chile Poland • 3 new in-market Strategic Development positions Argentina Czech Republic Indonesia established within key emerging m
Slide 9: Packaging spend accelerates as wealth increases
Packaging spend accelerates as wealth increases Predominantly: Asia South America Switzerland Germany UK Eastern Europe / Russia Packaging spend per Australia US Japan Hungary Poland capita Chile Bulgaria South Africa Turkey Serbia Brazil Predominantly: Predominantly: Mexico Romania North America Af
Slide 10: Focused acquisitions
Focused acquisitions DISCIPLINED GROWTH Customer Innovation Emerging Acquisitions Value Excellence Markets Proposition Opportunities Focus on • Improving industry structure in all markets • Enhancing geographic footprint and regions • New technologies and distribution channels • High synergy “bolt-o
Slide 11: 3 acquisitions completed since H1 12
3 acquisitions completed since H1 12 Aperio – A$238 million • Leading flexible packaging business in Asia Pacific with 13 manufacturing facilities • A$350 million sales; A$40 million EBITDA • A$25 million net synergy benefits Uniglobe – A$19.8 million • Flexible packaging business based in India wit
Slide 12: Amcor's value proposition
Amcor‟s value proposition DISCIPLINED GROWTH Customer Innovation Emerging Acquisitions Value Excellence Markets Proposition CAPITAL MANAGEMENT Strong Cash Flow Superior shareholder PROPRIETARY OPERATING MODEL returns with low volatility Outperformance 12