Amcor FY18 Results and FY19 Outlook

Significant cost synergy benefits Substantial cost synergy opportunity of USD 180 million p.a. (4-5% of Bemis sales)1 Estimated synergies Estimated USD 180 million cost synergies Potential for additional sources of synergies² 20% 40% 40% 100% Procurement Operations G&A & other costs Total cost synergies Further synergies Total potential synergies 1. amcor 2. 3. Incremental to Bemis" "Agility" improvement plan Any additional synergies would be additive to the transaction metrics Estimated costs expected to be incurred in years 1 and 2 Estimated synergy realisation (USD m) 65 130 180 Year 1 Year 2 Year 3 Estimated cost to implement of USD 150 million³ expected to be funded by capex and working capital synergies 34

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