Investor Presentaiton
Rigid Packaging segment
Slower, more volatile demand dynamics and unfavorable mix trends in H2
Net sales ($m)
Fiscal 2023 highlights
FY22
FY23
Comparable
constant
currency A
3,393
3,540
(3)%
•
Adjusted EBIT ($m)
289
265
(7)%
Adjusted EBIT margin
8.5%
7.5%
BLUE BIN
100%
CUCUMBER
RAPID
RENYDRATION
BODYARMOR
10
FLASH I.V
New product launch in
100% recycled PET
New product launch in
PET format
format
Net sales of $3.5bn include price increases of ~$260m
(8% growth) related to higher raw material costs
North America:
•
Beverage: hot fill container volumes in line with
prior year. Overall volumes impacted by slower
demand and customer destocking
Specialty containers: lower volumes
Latin America volumes down LSD%. Challenged by
macroeconomic conditions across the region
Adjusted EBIT 7% lower than last year
Seasonally strongest 4Q Net sales and Adjusted EBIT
impacted by lower volumes and unfavorable mix trends,
partly offset by cost reduction benefits
8
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 A% for Net sales excludes an 8% impact from the pass through of higher raw material cost and a 1% unfavorable currency impact. LSD is 'Low-
Single Digit'.
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