Investor Presentaiton
Reconciliations of non-GAAP financial measures
($ million)
Net income attributable to Amcor
Net income attributable to non-controlling
interests
Tax expense
Three Months Ended June 30, 2022
Three Months Ended June 30, 2023
EPS
EPS
(Diluted
(Diluted
EBITDA
EBIT
Net
Income
US
cents)()
EBITDA
EBIT
Net
Income
US
cents))
109
109
109
7.3
181
181
181
12.3
3
3
4
4
103
103
68
68
Interest expense, net
35
35
70
70
Depreciation and amortization
145
144
EBITDA, EBIT, Net income and EPS
395
250
109
7.3
467
323
2019 Bemis Integration Plan
11
11
11
0.7
-
Net loss on disposals
1
1
1
=-
༅།།
181
12.3
Impact of hyperinflation
6
6
6
0.4
5
5
5
0.4
Property and other (gains)/losses,net(2)
(10)
(10)
(10)
(0.6)
2
2
2
0.1
Russia-Ukraine conflict impacts(3)
200
200
200
13.3
66
66
66
4.5
Pension settlements
5
5
5
0.3
5
5
5
0.3
Other
-
(5)
(5)
(5)
(0.4)
Amortization of acquired intangibles(4)
42
42
2.7
40
40
2.9
Tax effect of above items
4
0.3
(12)
(0.8)
Adjusted EBITDA, EBIT, Net income, and EPS
609
505
368
24.4
540
436
282
19.3
Reconciliation of adjusted growth to comparable constant currency growth
% growth - Adjusted EBITDA, EBIT, Net income and EPS
(11)
(14)
(23)
(21)
% items affecting comparability(5)
% currency impact
5
6
7
7
-
1
=
% comparable constant currency growth
(6)
(7)
(16)
(14)
Adjusted EBITDA
609
540
Interest paid, net
(47)
(79)
Income tax paid
(93)
(95)
Purchase of property, plant and equipment and
other intangible assets
(154)
(144)
Proceeds from sales of property, plant and
equipment and other intangible assets
11
18
Movement in working capital
493
572
Other
Adjusted Free Cash Flow
(16)
22
803
834
(1) Calculation of diluted EPS for the three months ended June 30, 2023 excludes net income attributable to shares to be repurchased under forward
contracts of $1 million, and $1 million for the three months ended June 30, 2022.
(2) Property and other (gains)/losses, net for the three months ended June 30, 2023 includes property claims and losses, net
insurance recovery
related to the closure of our business in South Africa. The three months ended June 30, 2022 include insurance recovery primarily associated with
the destruction of our Durban, South Africa facility during general civil unrest in July 2021, net of business losses.
(3) Includes incremental restructuring and other costs attributable to group wide initiatives to offset divested earnings from the Russian business. The
three months ended June 30, 2022 include impairment charges and restructuring and related expenses.
(4) Amortization of acquired intangible assets from business combinations.
(5) Reflects the impact of acquired, disposed, and ceased operations.
20
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