Investor Presentaiton
Reconciliations of non-GAAP financial measures
Reconciliation of adjusted EBIT by reporting segment
($ million)
Three Months Ended June 30, 2022
Flexibles
Rigid
Packaging
Other
Net income attributable to Amcor
Net income attributable to non-
controlling interests
Tax expense
Interest expense, net
EBIT
Total
Flexibles
109
Three Months Ended June 30, 2023
Rigid
Packaging
Other
Total
181
3
+
4
103
68
35
70
210
87
(46)
250
283
62
2019 Bemis Integration Plan
Net loss on disposals
12
1
(1)
11
1
Impact of hyperinflation
6
Property and other (gains)/losses,
net
(14)
Russia-Ukraine conflict impacts(2)
200
(10)
Pension settlements
Other
Amortization of acquired intangibles (3)
Adjusted EBIT
40
449
Adjusted EBIT / sales%
15.1 %
- 3
1
2
| | |
200
62
5
3
1
222 |
25|22-
(22)
323
5
2
66
5
(6)
(5)
42
39
1
40
96
(39)
10.1%
505
12.9 %
387
73
(24)
436
13.9 %
8.1 %
11.9 %
Reconciliation of adjusted growth to comparable constant currency growth
% growth - Adjusted EBIT
% items affecting comparability(4)
% currency impact
% comparable constant currency
(7)
(14)
(24)
(14)
7
1
(23)
1
(7)
(1) Property and other (gains)/losses, net for the three months ended June 30, 2023 includes property claims and losses, net of 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.
(2) 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.
(3) Amortization of acquired intangible assets from business combinations.
(4) Reflects the impact of acquired, disposed, and ceased operations.
22
amcorView entire presentation