Amcor plc (NYSE:AMCR) Q4 2023 Results Conference Call August 16, 2023 5:30 PM ET

Company Participants

Tracey Whitehead - Head, IR

Ron Delia - CEO

Michael Casamento - CFO

Conference Call Participants

Ghansham Panjabi - Baird

George Staphos - Bank of America

Brook Campbell - Barrenjoe

Cameron McDonald - E&P

Adam Samuelson - Goldman Sachs

Sam Seow - Citibank

Daniel Kang - CLSA

Richard Johnson - Jefferies

John Purtell - Macquarie

Nathan Reilly - UBS

James Wilson - Jarden Australia

Scott Ryall - Rimor

Operator

Ladies and gentlemen, thanks for standing by, and welcome to the Amcor Full Year 2023 Results Call.

I would now like to turn the call over to Tracey Whitehead, Head of Investor Relations. Please go ahead.

Tracey Whitehead

Thank you, Mandeep, and thanks everyone for joining Amcor’s fiscal ‘23 earnings call. Joining today is Ron Delia, our Chief Executive Officer; and Michael Casamento, Chief Financial Officer.

Before I hand over, let me note the few items. On our website, amcor.com, under the Investors section, you will find today’s press release and presentation, which we will discuss on this call. Please be aware that we will also discuss non-GAAP financial measures and related reconciliations can be found in that press release and the presentation.

Remarks will also include forward-looking statements that are based on management’s current views and assumptions. The second slide in today’s presentation lists several factors that could cause future results to be different than current estimates.

Reference can be made to Amcor’s SEC filings, including our statements on Form 10-K and 10-Q for further details. Please note that during the question-and-answer session, we request that you limit yourself to a single question and one follow-up, and then rejoin the queue if you have any additional questions. Over to you, Ron.

Ron Delia

Thanks Tracey, and thanks everyone for joining Michael and myself today to discuss Amcor’s fiscal 2023 and June quarter results. We’ll begin with some prepared remarks starting as we always do with safety on slide 3.

Safety is our most important value at Amcor and throughout fiscal 2023, we again made strong progress on our journey for continuous safety improvement across the Company. 69% of our sites remained injury-free for at least 12 months, and we reduced injuries globally by 31%.

While we’re pleased with these results, ultimately, it’s not just the number of injuries we’re focused on, but also the severity of the injuries that do occur. Tragically, in June, a contractor’s employee lost his life at our Pondicherry site in India after falling from a roof. We immediately conducted a detailed investigation and we’re deploying the learnings across all Amcor sites with the goal of eliminating the risk of similar accidents in the future. We’re relentlessly focused on safety globally, and this tragic incident is a stark reminder of the importance of those efforts.