Investor Presentaiton
Reconciliations of non-GAAP financial measures
Twelve Months Ended June 30, 2022
Twelve Months Ended June 30, 2023
($ million)
Net income attributable to Amcor
EBITDA
EBIT
Net
Income
805
805
805
EPS
(Diluted
US
cents))
52.9
EBITDA
EBIT
Net
Income
EPS
(Diluted
US
cents)
1,048
1,048
1,048
70.5
Net income attributable to non-controlling
interests
10
10
10
10
Tax expense
300
300
193
193
Interest expense, net
135
135
259
259
Depreciation and amortization
579
569
EBITDA, EBIT, Net income and EPS
1.829
1,250
805
52.9
2,080
1,510
1,048
70.5
2019 Bemis Integration Plan
37
37
37
2.5
Net loss on disposals (2)
10
10
10
0.7
Impact of hyperinflation
16
16
16
1.0
12
24
24
24
1.9
Property and other losses, net(3)
13
13
13
0.8
2
2
2
0.1
Russia-Ukraine conflict impacts(4)
200
200
200
13.2
(90)
(90)
(90)
(6.0)
Pension settlements
8
8
8
0.5
5
5
5
0.3
Other
4
4
4
0.3
(3)
(3)
(3)
(0.3)
Amortization of acquired intangibles (5)
163
163
10.7
160
160
10.8
Tax effect of above items
(32)
(2.1)
(57)
(4.0)
Adjusted EBITDA, EBIT, Net income and EPS
2,117
1,701
1,224
80.5
2,018
1,608
1,089
73.3
Reconciliation of adjusted growth to comparable constant currency growth
% growth - Adjusted EBITDA, EBIT, Net income, and EPS
(5)
(5)
(11)
(9)
% items affecting comparability(6)
3
4
4
4
% currency impact
3
2
3
3
% comparable constant currency growth
1
1
(4)
(2)
Adjusted EBITDA
2,117
2,018
Interest paid, net
(119)
(248)
Income tax paid
(256)
(225)
Purchase of property, plant and equipment and
other intangible assets
(527)
(526)
Proceeds from sales of property, plant and
equipment and other intangible assets
18
30
Movement in working capital
(154)
Other
Adjusted Free Cash Flow
(13)
1,066
(229)
28
848
(1) Calculation of diluted EPS for the twelve months ended June 30, 2023 excludes net income attributable to shares to be repurchased under
forward contracts of $7 million, and $3 million for the twelve months ended June 30, 2022.
(2) Includes losses on disposal of non-core businesses in fiscal year 2022.
(3) Property and other losses, net for fiscal year 2023 includes property claims and losses, net of insurance recovery related to the closure of our
business in South Africa. Fiscal year 2022 includes business losses primarily associated with the destruction of our Durban, South Africa facility
during general civil unrest in July 2021, net of insurance recovery.
(4) Includes the net gain on disposal of the Russian business in December 2022 and incremental restructuring and other costs attributable to group
wide initiatives to offset divested earnings from the Russian business. Fiscal year 2022 includes impairment charges and restructuring and related
expenses.
(5) Amortization of acquired intangible assets from business combinations.
(6) Reflects the impact of acquired, disposed, and ceased operations.
21
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