Slide 1: FY22 Full Year Results
FY22 Full Year Results Ron Delia CEO Michael Casamento CFO August 17, 2022 US August 18, 2022 Australia NYSE: AMCR | ASX: AMC
Slide 2: Disclaimers
Disclaimers Cautionary Statement Regarding Forward-Looking Statements This document contains certain statements that are “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are generall
Slide 3: Safety: Guided by our values. Committed to our goal of 'no injuries'
Safety Guided by our values. Committed to our goal of ‘no injuries’ Recordable-case frequency rate Amcor Values (per million hours worked) 11.2 Includes impact of acquired businesses 4.1 • 3% reduction in number of injuries 2.0 2.8 2.2 2.1 • 57% of sites injury free for > 12 months 0.4 2005 2010 201
Slide 4: Key messages
Key messages 1. Fiscal 2022 - Outstanding year of execution and growth 2. Expect another year of strong underlying growth in fiscal 2023 3. Resilient investment case to deliver strong shareholder returns 4
Slide 5: Fiscal 2022 - Another year of strong financial performance
Fiscal 2022 - Another year of strong financial performance Strong, sustainable growth in the underlying business Increased shareholder returns Net sales EBIT EPS • >$1.3 billion cash returns FY22 FY22 FY22 $14,544m $1,701m 80.5 cents • $600 million share repurchases +13% +7% +11% • Annual dividend i
Slide 6: Flexibles segment
Flexibles segment Net sales growth of 6% in 4Q. Focus on managing mix and inflation through FY22 FY21 FY22 Comparable Fiscal 2022 highlights constant currency • Net sales of $11.2bn includes price increases of ~$1.1bn Net sales ($m) 10,040 11,151 +4% (11% growth) related to higher raw material costs
Slide 7: Rigid Packaging segment
Rigid Packaging segment Earnings growth continued to improve in the June 2022 quarter as expected FY21 FY22 Comparable Fiscal 2022 highlights constant currency • Net sales of $3.4bn includes price increases of ~$440 Net sales ($m) 2,823 3,393 +5% million (16% growth) from higher raw material costs A
Slide 8: Cash flow, balance sheet & cash returns to shareholders
Cash flow, balance sheet & cash returns to shareholders Capacity to step up growth capex and return substantial cash to shareholders Year to date cash flow ($ million) FY21 FY22 Fiscal 2022 highlights Adjusted EBITDA 2,028 2,117 • Growing EBITDA Interest and tax payments (452) (375) • Working capita
Slide 9: Fiscal 2023 guidance
Fiscal 2023 guidance • FY23 adjusted EPS assumptions include: Adjusted EPS Guidance • 7-12% EPS growth from a combination of organic growth and share repurchases ~2% 80 – 84 80.5 cps • Estimated net interest expense of $210 to cps ~4% ~2% $230 million (pretax) ~2% • Estimated impact related to the s
Slide 10: Resilient investment case: Strong foundation for growth & value creation
Resilient investment case: Strong foundation for growth & value creation Global leader in primary packaging for consumer staples and healthcare with a strong track record Consistent growth from priority segments, emerging markets and innovation Strong cash flow and balance sheet provide ongoing capa
Slide 11: Multiple drivers of organic growth
Multiple drivers of organic growth Priority Segments Net sales growth (comparable constant currency) >$4bn sales in higher growth, 4% higher value segments More sustainable Emerging Markets Volume/Mix Price 1% packaging To preserve food and >$3.5bn Emerging Markets sales healthcare products, protect
Slide 12: Additional growth investments
Additional growth investments Value Creating Acquisitions Corporate Venturing Increased strategic investment to extend partnership Flexible packaging plant in Czech Republic 12
Slide 13: Compelling returns to shareholders
Compelling returns to shareholders Industry Leading Dividend Regular Share Repurchases Member of the S&P 500 ~4% $1.5bn >8% Dividend current dividend in share buybacks of shares yield over last 3 years repurchased over Aristocrats last 3 years Approximately $400m additional share repurchases in fisc
Slide 14: Key messages
Key messages 1. Fiscal 2022 - Outstanding year of execution and growth 2. Expect another year of strong underlying growth in fiscal 2023 3. Resilient investment case to deliver strong shareholder returns 14
Slide 15: Appendix slides: Supplementary schedules and reconciliations
Appendix slides Supplementary schedules and reconciliations
Slide 16: FX translation impact
FX translation impact FY 2022 currency impact Combined net income currency exposures(1) Total currency impact $ million Adjusted EBIT (28) EUR, 20-30% Adjusted net income (22) EUR:USD Euro weakened vs USD, Average USD million impact on USD to EUR rate FY22 0.8881 vs FY22 adjusted net income FY21 0.8
Slide 17: Reconciliations of non-GAAP financial measures
Reconciliations of non-GAAP financial measures 17
Slide 18: Reconciliations of non-GAAP financial measures
Reconciliations of non-GAAP financial measures 18
Slide 19: Reconciliations of non-GAAP financial measures
Reconciliations of non-GAAP financial measures 19
Slide 20: Reconciliations of non-GAAP financial measures
Reconciliations of non-GAAP financial measures 20
Slide 21: Reconciliations of non-GAAP financial measures
Reconciliations of non-GAAP financial measures 21