Slide 1: FY23 First Quarter Results
November 1, 2022 US November 2, 2022 Australia Ron Delia CEO Michael Casamento CFO FY23 First Quarter Results NYSE: AMCR | ASX: AMC Exhibit 99.2
Slide 2: Disclaimers
Disclaimers 2 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 genera
Slide 3: Safety
Safety 3 Guided by our values. Committed to our goal of ‘no injuries’ 11.2 4.1 2.0 2.8 2.1 1.4 0.3 Recordable-case frequency rate (per million hours worked) 1Q23 OSHA Includes impact of acquired businesses 201520102005 2020 Notes: Recordable cases per 1,000,000 hours worked. Graph data shown for a 1
Slide 4: Key messages
Key messages 4 1. Another strong quarterly result 2. Reaffirmed FY23 guidance for comparable constant currency EPS growth and free cash flow 3. Further advancing our sustainability agenda 4. Strong, resilient business driving long term value creation and compelling investment case
Slide 5: Another strong result in fiscal 2023 first quarter
18.1 cents Another strong result in fiscal 2023 first quarter 5 Notes: EBIT and EPS presented on an adjusted basis and growth rates for these and Net sales exclude the impact of currency and items impacting comparability. Adjusted non-GAAP measures exclude items which are not considered representati
Slide 6: Flexibles segment first quarter highlights
First quarter highlights • Net sales of $2.8bn includes price increases of ~$270m (10% growth) related to higher raw material costs • Net sales growth of 3% reflects price/mix benefits across all business units. Overall volumes 1% lower • Strong volume growth in global healthcare business • Good vol
Slide 7: Rigid Packaging segment
Rigid Packaging segment 7 Notes: Non-GAAP measures exclude items which are not considered representative of ongoing operations. Further details related to non-GAAP measures including Adjusted EBIT and reconciliations to U.S. GAAP measures can be found in the appendix. Comparable constant currency Δ%
Slide 8: Cash flow and balance sheet
Cash flow and balance sheet 8 Notes: Non-GAAP measures exclude items which are not considered representative of ongoing operations. Further details related to non-GAAP measures including Adjusted EBITDA and Adjusted Free Cash Flow and reconciliations to U.S. GAAP measures can be found in the appendi
Slide 9: Fiscal 2023 guidance – updated for stronger US dollar
9 Fiscal 2023 guidance – updated for stronger US dollar Amcor's guidance contemplates a range of factors which create a degree of uncertainty and complexity when estimating future financial results. Refer to slide 2 for further information. Reconciliations of the fiscal 2023 projected non-GAAP measu
Slide 10: Investing in multiple drivers of sustainable organic growth
Investing in multiple drivers of sustainable organic growth Priority Segments Emerging Markets >$3 bn Emerging Markets sales across 27 countries: Driving value through differentiated packaging: Innovation ProteinHealthcare Hot-fill beverage 10 Historic MSD volume growth across Emerging Markets portf
Slide 11: Leading the industry on sustainability
11 Leading the industry on sustainability 11 Transparent risk management and performance metrics More sustainable operations 153 Sites with zero waste to disposal 100% Sites adopted Operation Clean Sweep methodology Net Zero GHG emissions by 2050 Notes: Waste to disposal and operation Clean Sweep re
Slide 12: Leading the industry on Responsible Packaging
100% 96% Current Sales Trial-ready alternatives 83% +27% vs 2019 % Designed to be recycled Rigid Packaging Specialty Cartons Flexible Packaging 12 Leading the industry on Responsible Packaging 12 Responsible Packaging: Waste management infrastructure Consumer participationPackaging design Product de
Slide 13: Strong foundation for growth & value creation
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 capacity to invest Increasing i
Slide 14: Key messages
Key messages 14 1. Another strong quarterly result 2. Reaffirmed FY23 guidance for comparable constant currency EPS growth and free cash flow 3. Further advancing our sustainability agenda 4. Strong, resilient business driving long term value creation and compelling investment case
Slide 15: Appendix slides
Appendix slides Supplementary schedules and reconciliations
Slide 16: FX translation impact
FX translation impact 16 EUR, 20-30% Other currencies(2), 20-30% USD, 45-55% EUR:USD Euro weakened vs USD, Average USD to EUR rate 1Q23 0.9933 vs 1Q22 0.8482 USD million impact on 1Q23 adjusted net income (17%) (13) Other currencies(2):USD Other currencies weighted average vs USD weakened for 1Q23 v
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