James Wilson's questions to Amcor PLC (AMCR) leadership • Q1 2025
Question
James Wilson inquired about the strategic rationale for unwinding the Bericap joint venture and the resulting earnings implications for the Rigid Packaging segment.
Answer
CEO Peter Konieczny explained the decision was driven by a differing view with the JV partner on near-term capital requirements and expected returns, reflecting Amcor's disciplined capital allocation. CFO Michael Casamento quantified the impact, stating the JV represented about $190 million in annual sales and $19 million in EBIT for the Rigid Packaging segment. He noted the net income impact for FY25 would be minor after accounting for interest savings from using the proceeds to reduce debt.