Call Start: 17:30 January 1, 0000 6:25 PM ET

Amcor plc (NYSE:AMCR)

Q1 2024 Earnings Conference Call

October 31, 2023 5:30 PM ET

Company Participants

Tracey Whitehead - Head of Investor Relations

Ron Delia - Chief Executive Officer

Michael Casamento - Chief Financial Officer

Conference Call Participants

Ghansham Panjabi - Baird

Daniel Kang - CLSA

Adam Samuelson - Goldman Sachs

George Staphos - Bank of America

Sam Seow - Citi

Mike Roxland - Truist Securities

Richard Johnson - Jefferies

Cameron McDonald - E&P

Nathan Reilly - UBS

John Purtell - Macquarie Asset Management

Brook Campbell - Barrenjoey

Operator

Hello. And welcome to the Amcor First Quarter 2024 Results Conference. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator instructions]

I’ll now turn the conference over to Tracey Whitehead, Head of Investor Relations. Please go ahead.

Tracey Whitehead

Thank you, operator, And thank you, everyone, for joining Amcor's Fiscal '24 first quarter earnings call. Joining today is Ron Delia, our Chief Executive Officer; and Michael Casamento, our Chief Financial Officer. Before I handing over, a few items to note.

On our website, amcor.com, under the Investors section, you'll find today's press release and presentation, which we'll discuss on this call. Please be aware that we'll also discuss non-GAAP financial measures and related reconciliations can be found in the 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 with 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 additional questions.

With that, over to you, Ron.

Ron Delia

Thanks, Tracey, and thanks everyone for joining Michael and myself today to discuss Amcor’s first quarter results for fiscal 2024. We'll begin with some prepared remarks before opening for Q&A. As seen on slide 3, Amcor continues to be an industry leader in safety with a recordable case frequency rate that has trended significantly downwards over many years. In our first quarter, 65% of our sites around the world were injury-free for the past 12 months, with more than 30% injury-free for three years or more. Safety is deeply embedded in Amcor’s culture, and providing a safe and healthy working environment is the number one focus for our global teams.