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    Jakob Cakarnis • Jarden

    Jakob Cakarnis's questions to Amcor PLC (AMCR) leadership

    Jakob Cakarnis's questions to Amcor PLC (AMCR) leadership • Q4 2025

    Question

    Jakob Cakarnis asked for an explanation of the $133 million 'inventory step-up amortization' adjustment and its potential impact in fiscal 2026.

    Answer

    CFO Michael Casamento clarified that this is a standard, one-time purchase price accounting (PPA) adjustment to bring acquired inventory to market value. He confirmed that the adjustment was for the two months of Berry ownership in Q4 2025 and is now complete, with no further impact expected in fiscal 2026.

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    Jakob Cakarnis's questions to Amcor PLC (AMCR) leadership • Q3 2025

    Question

    Jakob Cakarnis asked about the procurement synergy timeline, suggesting a phased approach of harmonizing terms first before leveraging scale for better pricing in later years.

    Answer

    CEO Peter Konieczny rejected a phased approach, stating the principle is to 'get to the synergies fast or never.' He confirmed that now the deal is closed, they will immediately pursue all levers with suppliers. CFO Michael Casamento added context, noting the synergy target represents a manageable 2.5-3% of the combined $13 billion addressable spend over three years.

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    Jakob Cakarnis's questions to Amcor PLC (AMCR) leadership • Q2 2025

    Question

    Jakob Cakarnis asked about the improvement trajectory in the healthcare business, the overall healthcare exposure post-Berry merger, and whether current momentum provides confidence in driving future organic growth.

    Answer

    CEO Peter Konieczny described healthcare as a 'real gem' that will become a $3 billion combined business post-merger, with complementary portfolios like Berry's delivery devices. He reiterated that healthcare destocking, which lagged other categories, is now largely over. He expressed confidence that the healthcare business will return to its historical growth rates of 3-4% over time, which will also remove the negative mix impact and contribute to overall growth.

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