Financials AMCOR19 Australian S.E.

Stocks

AMCDC

AU0000048258

Non-Paper Containers & Packaging

End-of-day quote Australian S.E. Other stock markets			5-day change	1st Jan Change
- ^AUD	-.--%		-.--%	-

06-30	Amcor Shares Rise After Disclosing Collaboration With UK-Based Startup	MT
06-29	Amcor Partners with Kelpi to Advance Next-Generation Barrier Materials for Fiber Packaging	CI

Projected Income Statement: AMCOR19

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	12,861	14,544	14,694	13,640	15,009	23,119	23,876	24,062
Change	-	13.09%	1.03%	-7.17%	10.04%	54.03%	3.27%	0.78%
EBITDA ¹	2,028	2,117	2,018	1,962	2,186	3,659	3,903	4,077
Change	-	4.39%	-4.68%	-2.78%	11.42%	67.38%	6.68%	4.46%
EBIT ¹	1,621	1,701	1,608	1,560	1,723	2,793	3,014	3,170
Change	-	4.94%	-5.47%	-2.99%	10.45%	62.13%	7.88%	5.19%
Interest Paid ¹	-139	-135	-259	-310	-347	-582.5	-561	-538.4
Earnings before Tax (EBT) ¹	1,193	1,115	1,251	907	650	1,310	1,850	2,120
Change	-	-6.54%	12.2%	-27.5%	-28.34%	101.52%	41.26%	14.57%
Net income ¹	939	805	1,048	730	511	1,139	1,506	1,652
Change	-	-14.27%	30.19%	-30.34%	-30%	122.9%	32.21%	9.73%
Announcement Date	8/17/21 A	8/17/22 A	8/16/23 A	8/15/24 A	8/14/25 A	-	-	-

¹USD in Million

Estimates

Fiscal Period: June	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2	2028 Q3
Net sales ¹	3,454	3,420	3,507	3,708	3,909	3,712	3,642	3,667	3,673	3,443	3,251	3,411	3,535	3,353	3,241	3,333	5,082	5,745	5,449	5,914	6,050	5,952	5,679	6,168	6,189	5,777	5,889	6,411
Change	-	-0.98%	2.54%	5.73%	5.42%	-5.04%	-1.89%	0.69%	0.16%	-6.26%	-5.58%	4.92%	3.64%	-5.15%	-3.34%	2.84%	52.48%	13.05%	-5.15%	8.53%	2.3%	-1.62%	-4.59%	8.62%	0.33%	-6.66%	1.95%	8.85%
EBITDA ¹	573	486	490	531	609	494	500	484	540	459	454	499	550	466	453	477	789	909	826	892	1,022	967.7	886.4	994.4	1,117	1,015	983.1	1,096
Change	-	-15.18%	0.82%	8.37%	14.69%	-18.88%	1.21%	-3.2%	11.57%	-15%	-1.09%	9.91%	10.22%	-15.27%	-2.79%	5.3%	65.41%	15.21%	-9.13%	7.99%	14.61%	-5.34%	-8.4%	12.18%	12.34%	-9.16%	-3.11%	11.48%
EBIT ¹	477	381	388	427	505	392	399	382	436	358	352	397	454	365	363	384	611	687	603	687	818.2	758.6	663.6	756.6	877.6	796.3	757.9	839
Change	-	-20.13%	1.84%	10.05%	18.27%	-22.38%	1.79%	-4.26%	14.14%	-17.89%	-1.68%	12.78%	14.36%	-19.6%	-0.55%	5.79%	59.11%	12.44%	-12.23%	13.93%	19.09%	-7.28%	-12.53%	14.02%	15.99%	-9.26%	-4.83%	10.7%
Charge d'intérêts ¹	-36	-35	-34	-36	-35	-50	-68	-71	-70	-75	-78	-79	-78	-75	-72	-75	-125	-140	-154	-153	-144.2	-146.8	-146.8	-146.8	-146.8	-	-	-
Earnings before Tax (EBT) ¹	333	266	290	343	216	292	494	213	252	194	165	230	318	236	224	237	-47	309	178	310	517.5	464.5	374.9	486.9	607.2	549.5	510.1	591.2
Change	-	-20.12%	9.02%	18.28%	-37.03%	35.19%	69.18%	-56.88%	18.31%	-23.02%	-14.95%	39.39%	38.26%	-25.79%	-5.08%	5.8%	-119.83%	757.45%	-42.39%	74.16%	66.94%	-10.25%	-19.28%	29.86%	24.71%	-9.49%	-7.18%	15.9%
Net income ¹	255	202	225	269	109	232	459	177	181	152	134	187	257	191	163	196	-39	262	177	278	407.8	359.4	297.5	385	484	441.6	408	472.9
Change	-	-20.78%	11.39%	19.56%	-59.48%	112.84%	97.84%	-61.44%	2.26%	-16.02%	-11.84%	39.55%	37.43%	-25.68%	-14.66%	20.25%	-119.9%	771.79%	-32.44%	57.06%	46.67%	-11.85%	-17.24%	29.42%	25.73%	-8.76%	-7.6%	15.9%
Announcement Date	8/17/21 A	11/2/21 A	2/1/22 A	5/3/22 A	8/17/22 A	11/1/22 A	2/7/23 A	5/2/23 A	8/16/23 A	10/31/23 A	2/6/24 A	4/30/24 A	8/15/24 A	10/31/24 A	2/4/25 A	4/30/25 A	8/14/25 A	11/5/25 A	2/3/26 A	5/6/26 A	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Fiscal Period: June	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2026 S2	2027 S1
Net sales ¹	6,927	7,617	7,354	7,340	6,694	6,946	6,594	12,385	11,396
Change	-	9.96%	-3.45%	-0.19%	-8.8%	3.76%	-5.07%	87.82%	-7.99%
EBITDA	976	1,140	994	1,024	913	1,049	-	-	1,881
Change	-	16.8%	-12.81%	3.02%	-10.84%	14.9%	-	-	-
EBIT	769	932	791	817	709	851	728	-	1,446
Change	-	21.2%	-15.13%	3.29%	-13.22%	20.03%	-14.45%	-	-
Charge d'intérêts	-69	-66	-118	-141	-153	-157	-147	-	-293
Earnings before Tax (EBT)	-	-	-	-	-	-	224	-	843
Change	-	-	-	-	-	-	-	-	-
Net income	427	-	-	358	286	444	-	-	630
Change	-	-	-	-	-20.11%	55.24%	-	-	-
Announcement Date	2/1/22 A	8/17/22 A	2/7/23 A	8/16/23 A	2/6/24 A	8/15/24 A	2/4/25 A	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: AMCOR19

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	5,439	5,715	6,057	6,111	13,271	13,420	12,730	11,865
Change	-	5.07%	5.98%	0.89%	117.17%	1.12%	-5.14%	-6.79%
Announcement Date	8/17/21 A	8/17/22 A	8/16/23 A	8/15/24 A	8/14/25 A	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: AMCOR19

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	468	527	526	492	580	877.7	894.7	915.1
Change	-	12.61%	-0.19%	-6.46%	17.89%	51.33%	1.93%	2.28%
Free Cash Flow (FCF) ¹	993	999	735	829	810	1,556	1,833	2,066
Change	-	0.6%	-26.43%	12.79%	-2.29%	92.09%	17.8%	12.72%
Announcement Date	8/17/21 A	8/17/22 A	8/16/23 A	8/15/24 A	8/14/25 A	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: AMCOR19

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	15.77%	14.56%	13.73%	14.38%	14.56%	15.83%	16.35%	16.94%
EBIT Margin (%)	12.6%	11.7%	10.94%	11.44%	11.48%	12.08%	12.62%	13.17%
EBT Margin (%)	9.28%	7.67%	8.51%	6.65%	4.33%	5.67%	7.75%	8.81%
Net margin (%)	7.3%	5.53%	7.13%	5.35%	3.4%	4.93%	6.31%	6.87%
FCF margin (%)	7.72%	6.87%	5%	6.08%	5.4%	6.73%	7.68%	8.59%
FCF / Net Income (%)	105.75%	124.1%	70.13%	113.56%	158.51%	136.6%	121.71%	125.03%
Profitability
ROA	5.58%	7.07%	6.33%	6.05%	4.24%	5.65%	6.32%	6.77%
ROE	24.36%	27.67%	26.49%	25.24%	14.48%	15.77%	16.65%	17.18%
Financial Health
Leverage (Debt/EBITDA)	2.68x	2.7x	3x	3.11x	6.07x	3.67x	3.26x	2.91x
Debt / Free cash flow	5.48x	5.72x	8.24x	7.37x	16.38x	8.63x	6.95x	5.74x
Capital Intensity
CAPEX / Current Assets (%)	3.64%	3.62%	3.58%	3.61%	3.86%	3.8%	3.75%	3.8%
CAPEX / EBITDA (%)	23.08%	24.89%	26.07%	25.08%	26.53%	23.99%	22.92%	22.44%
CAPEX / FCF (%)	47.13%	52.75%	71.56%	59.35%	71.6%	56.41%	48.81%	44.29%
Items per share
Cash flow per share ¹	4.695	5.033	4.33	4.6	4.363	4.665	6.58	8.118
Change	-	7.2%	-13.96%	6.22%	-5.15%	6.92%	41.06%	23.36%
Dividend per Share ¹	2.35	2.4	2.45	2.5	2.55	2.526	2.543	2.571
Change	-	2.13%	2.08%	2.04%	2%	-0.95%	0.7%	1.09%
Book Value Per Share ¹	15.49	13.73	13.81	15.73	25.44	25.42	26.5	28.25
Change	-	-11.4%	0.63%	13.88%	61.74%	-0.1%	4.27%	6.59%
EPS ¹	3.01	2.645	3.525	2.525	1.6	2.446	3.243	3.721
Change	-	-12.13%	33.27%	-28.37%	-36.63%	52.86%	32.59%	14.73%
Nbr of stocks (in thousands)	306,405	296,735	287,064	288,869	456,770	462,146	462,146	462,146
Announcement Date	8/17/21 A	8/17/22 A	8/16/23 A	8/15/24 A	8/14/25 A	-	-	-