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    Cameron McDonald • E&P Financial Group

    Cameron McDonald's questions to Amcor PLC (AMCR) leadership

    Cameron McDonald's questions to Amcor PLC (AMCR) leadership • Q3 2025

    Question

    Cameron McDonald asked for clarification on below-the-line integration costs, the Q4 outlook for these costs, and how they relate to the $280 million cost-to-achieve figure.

    Answer

    CFO Michael Casamento distinguished between two sets of costs: one-time transaction costs (e.g., legal, financing fees) estimated at $250M-$300M, and the separate $280M in cash costs required to achieve the synergies over three years. He clarified that the previously mentioned working capital benefit is expected to fund these costs to achieve, not be offset by them.

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    Cameron McDonald's questions to Amcor PLC (AMCR) leadership • Q1 2025

    Question

    Cameron McDonald requested clarification on a $13 million restructuring adjustment, questioning if it was related to the company's exit from Russia.

    Answer

    CFO Michael Casamento confirmed the cost was part of the previously announced restructuring program designed to offset earnings lost from the disposal of the Russian business. He noted the program, which involved plant closures and restructures, is nearly complete and on track to deliver its targeted annualized benefits, with some already realized in FY24 and more in Q1 FY25.

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