Financial Data and Key Metrics Changes - Adjusted EPS for Q1 2026 was $0.193, an 18% increase compared to the previous year, exceeding the midpoint of guidance [5][10] - EBIT for the quarter was $687 million, up approximately 4% on a comparable basis, with an EBIT margin of 12%, which is 110 basis points higher than last year [11][10] - Free cash outflow for Q1 was $343 million, representing a year-over-year improvement of over $160 million before acquisition-related costs [19] Business Line Data and Key Metrics Changes - In the global flexible packaging solutions segment, net sales increased by 25% on a constant currency basis, primarily due to the Berry acquisition, but were down 2% on a comparable basis [16] - Adjusted EBIT for the flexible packaging segment rose 28% on a constant currency basis to $426 million, driven by acquired earnings [17] - In the global rigid packaging solutions segment, net sales increased by 205% on a constant currency basis, but were lower than the prior year on a comparable basis, reflecting a 1% volume decline [18][19] Market Data and Key Metrics Changes - Emerging markets performed better than developed markets, with solid growth in Asia, while developed markets in North America and Europe saw low single-digit declines in demand [10][16] - Volumes in focus categories such as pet care and dairy showed good growth, while broader nutrition categories experienced weakness [17][42] Company Strategy and Development Direction - The company is focused on delivering core business execution, integrating Berry, realizing synergies, and optimizing its portfolio [6][9] - The board approved an increase in the quarterly dividend to $0.13 per share, reflecting a commitment to returning value to shareholders [9][29] - The company aims to achieve at least $260 million in synergies in Fiscal 2026, with a total of $650 million expected through Fiscal 2028 [12][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering strong earnings and free cash flow growth, with EPS growth guidance of 12%-17% for Fiscal 2026 [5][21] - The company is well-positioned to achieve its financial objectives without relying on improvements in the macroeconomic environment [9][30] - Management acknowledged challenges in consumer affordability and market softness, particularly in Europe, affecting flexible packaging demand [34][35] Other Important Information - The company has identified opportunities for improvement in safety metrics, with 89% of combined sites remaining injury-free in Q1 [6] - The company is exploring strategic alternatives for non-core assets and has entered agreements to sell two businesses for approximately $100 million [8][9] Q&A Session Summary Question: What is driving the recent decline in flexible business volumes? - Management noted that the decline is primarily due to weakness in the unconverted film category in Europe, reflecting general market softness [34][35] Question: Any updates on the North American beverage business? - Management reported good operational progress and increased profitability, while exploring strategic alternatives for the non-core beverage business [37][39] Question: How are the focus categories performing? - Focus categories generally performed better than the overall business, with strong growth in pet care and dairy, while healthcare showed mixed results [41][42] Question: Can you elaborate on synergy benefits from the Berry acquisition? - Management highlighted that synergies are coming through and are expected to build, with a strong pipeline for revenue synergies [50][51] Question: What is the outlook for healthcare in 2026? - Management expects continued improvement in healthcare performance, particularly in North America, while European performance remains flat [74][75]

Financial Performance - Net sales increased by 68% to $5,745 million[11], driven by acquired businesses[19, 23] - Adjusted EBITDA increased by 92% to $909 million[11] - Adjusted EBIT increased by 85% to $687 million[11], including approximately $295 million net acquired earnings[12] - Adjusted EPS increased by 18% to 19.3 cents per share[11] - The company reaffirmed fiscal year 2026 outlook[9, 39] Synergy and Integration - Approximately $38 million in total synergies were delivered in 1Q26[15] - The company is on track to deliver at least $260 million total synergies in fiscal year 2026[13, 14, 46] and $650 million in total[14, 46] - Approximately $50-55 million synergy benefits are expected in 2Q26[15] - Berry integration is on track[9, 39] Segment Performance - Global Flexible Packaging Solutions net sales increased by 25% to $3,257 million[18], including approximately $640 million from acquired businesses[19] - Global Flexible Packaging Solutions adjusted EBIT increased by 28% to $426 million[18], including approximately $75 million from acquired businesses[19] - Global Rigid Packaging Solutions net sales increased by 205% to $2,488 million[22], including approximately $1.7 billion from acquired businesses[23] - Global Rigid Packaging Solutions adjusted EBIT increased by 365% to $295 million[22], including approximately $240 million from acquired businesses[23] Cash Flow and Leverage - Free Cash Flow use of $343 million, in line with expectations[26] - The company is on track to deliver Free Cash Flow of $1.8-$1.9 billion in fiscal year 2026[26, 29] - Leverage at approximately 3.6 times[24, 26] - The company continues to expect leverage of approximately 3.1 to 3.2 times at June 30, 2026, excluding proceeds from potential asset sales[26]

Exhibit 99.1 Solid Q1 execution positions Amcor to deliver strong earnings and free cash flow growth for FY26 Amcor CEO Peter Konieczny said, "I am pleased with how the legacy Amcor and Berry teams have come together as one to integrate and execute against our priorities. We're seeing strong and consistent validation from our customers, who are very receptive to our expanded offerings and innovation capabilities. We are now seeing the quality of the combined business as the global leader in consumer packagi ...

Core Insights - Amcor's Q1 performance indicates strong earnings and free cash flow growth for fiscal year 2026, with adjusted EPS projected between 80 to 83 cents, reflecting a 12-17% growth in constant currency [2][21] - The integration of Amcor and Berry Global is progressing well, with significant synergies expected to enhance operational efficiency and profitability [3][11] Financial Performance - For the three months ended September 30, 2025, Amcor reported net sales of $5,745 million, a 68% increase compared to the previous year, driven by the acquisition of Berry Global [8][13] - Adjusted EPS for the same period was 19.3 cents, an 18% increase year-over-year, supported by disciplined cost management and synergy realization [3][8] - Free cash flow for the quarter was a cash outflow of $343 million, aligning with expectations after accounting for acquisition-related costs [21] Segment Analysis - The Global Flexible Packaging Solutions segment achieved net sales of $3,257 million, a 25% increase on a constant currency basis, with adjusted EBIT of $426 million, reflecting a 28% increase [17][18] - The Global Rigid Packaging Solutions segment saw net sales of $2,488 million, a 205% increase year-over-year, with adjusted EBIT of $295 million, up 365% [19][20] Synergy and Integration - Amcor anticipates realizing at least $260 million in pre-tax synergy benefits in fiscal 2026, contributing to an expected EPS accretion of 12% [11][21] - The company is on track to achieve total identified synergies of $650 million by the end of fiscal 2028, which is expected to drive over 30% EPS growth over three years [4][9] Shareholder Returns - The Board has declared an increased quarterly cash dividend of 13.0 cents per share, reflecting confidence in Amcor's growth prospects and cash flow generation capabilities [12][21]

Core Insights - The 2025 Guangdong-Hong Kong-Macao Global Investment Conference resulted in 2,073 investment and trade projects, amounting to 2.03 trillion yuan, with 21 representative projects signed on-site [14]. Group 1: Company Investments and Strategies - Toray Industries has established four business operations in Foshan, including high-performance long fiber non-woven fabrics and carbon fiber composite materials, aiming to expand high-value-added materials in 2026 [3]. - Itochu Corporation is focusing on six key areas in the Greater Bay Area, including electric vehicles and green energy, planning to promote "going out" and "bringing in" dual cooperation with local enterprises [6]. - Amcor plans to invest over 100 million yuan in Guangdong over the next two years to expand production in response to digitalization demands, collaborating with major companies to enhance sustainable packaging [9]. - Panasonic plans to establish an electronic materials factory in Guangzhou to meet the rapid growth in AI and server demands, emphasizing collaboration with local enterprises in new energy and electric vehicles [11]. - Kone has established a southern headquarters in the Greater Bay Area, planning to launch in early 2026 and develop smart logistics and assembly centers [14]. Group 2: Industry Focus Areas - Global foreign enterprises are concentrating their investments in the Greater Bay Area on core sectors such as new materials, new energy, and intelligent manufacturing [15]. - The Guangdong Provincial Industrial Investment Map highlights strategic emerging industries, including semiconductors, high-end equipment manufacturing, and renewable energy, as key development areas [14]. - Companies express optimism about the dual opportunities of upgrading traditional industries and the rise of emerging industries in the Greater Bay Area, with a focus on sustainable development and supply chain collaboration [17].

Core Viewpoint - Amcor plc (AMCR) has experienced significant underperformance in the stock market compared to broader indices and sector ETFs, raising concerns about its growth prospects and market positioning [2][3]. Company Overview - Amcor plc, headquartered in Zurich, Switzerland, specializes in developing, producing, and selling packaging solutions for various sectors including food, beverage, pharmaceuticals, and personal care, with a market capitalization of $18.2 billion [1]. Stock Performance - Over the past year, AMCR shares have declined by 28.6%, while the S&P 500 Index has increased by 17.7% [2]. - In 2025, AMCR's stock fell 16.1%, contrasting with the S&P 500's 16.3% rise on a year-to-date basis [2]. Earnings Report - On August 14, AMCR reported Q4 results, with an adjusted EPS of $0.20, missing Wall Street expectations of $0.21. Revenue was reported at $5.1 billion, below forecasts of $5.2 billion [4]. - For fiscal 2026, analysts project a 12.7% growth in EPS to $0.80 on a diluted basis [5]. Analyst Ratings - Among 16 analysts covering AMCR, the consensus rating is a "Moderate Buy," with 10 "Strong Buy" ratings, one "Moderate Buy," and five "Holds" [5]. - The configuration of ratings has become more bullish, with nine analysts now suggesting a "Strong Buy" [6]. Price Targets - Wells Fargo & Company has maintained an "Overweight" rating on AMCR, lowering the price target to $9, indicating a potential upside of 13.9% from current levels [6]. - The mean price target is $11.07, representing a 40.1% premium to AMCR's current price, while the highest price target of $14.50 suggests an upside potential of 83.5% [6].

Core Viewpoint - The market anticipates Amcor (AMCR) will report a year-over-year increase in earnings driven by higher revenues, with a focus on how actual results compare to estimates [1][2]. Earnings Expectations - Amcor is expected to report quarterly earnings of $0.19 per share, reflecting an 18.8% increase year-over-year [3]. - Revenues are projected to reach $5.83 billion, representing a significant 73.8% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [4]. - The Most Accurate Estimate for Amcor is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -8.93%, suggesting a bearish sentiment among analysts [12]. Earnings Surprise History - In the last reported quarter, Amcor was expected to post earnings of $0.21 per share but delivered only $0.20, resulting in a surprise of -4.76% [13]. - The company has not beaten consensus EPS estimates in any of the last four quarters [14]. Industry Comparison - Sealed Air (SEE), another player in the packaging industry, is expected to report earnings of $0.68 per share, indicating a year-over-year decline of 13.9% [18]. - Sealed Air's revenues are projected at $1.31 billion, down 2.4% from the previous year, but it has a positive Earnings ESP of +1.28% [19][20].

Group 1 - The current investment environment is characterized by changing interest rates, inflation, and geopolitical uncertainty, making dividend stocks more attractive for their stability and income generation [1] - Dividend Aristocrats are S&P 500 companies that have consistently paid and increased dividends for at least 25 consecutive years, demonstrating resilience in challenging environments [2] - Selecting stocks randomly is not advisable; a strategic approach is necessary to identify undervalued stocks with strong fundamentals [2] Group 2 - A stock screener was utilized to identify high-yielding companies, focusing on those with a price-to-earnings (P/E) ratio between 10 and 20, and consensus ratings of "Moderate" to "Strong Buy" [3][4] - Amcor Plc (AMCR) is highlighted as the first Dividend Aristocrat, with a P/E ratio of 11.76 compared to the sector average of 23.25, indicating it is undervalued [5][6] - Amcor reported a 44% year-over-year sales increase to nearly $5.1 billion, despite a net loss of $39 million, and offers a forward annual dividend of $0.51 per share, yielding around 6% [7]

Core Insights - The article promotes the S&P High Yield Aristocrat Dividend strategy, emphasizing the potential for consistent dividend income through a selection of high-yield stocks [1] Group 1 - The article encourages engagement with the audience by inviting comments on favorite or least favorite stock tickers, which may influence future reports [1] - It highlights a live video segment called the Underdog Daily Dividend Show, which features portfolio candidates [1] - The content suggests a focus on identifying undervalued stocks that have the potential for dividend growth [1]

Core Insights - Amcor's FY25 Sustainability Report highlights significant advancements in its sustainability agenda following the merger with Berry Global [1][2] - The company achieved its target of using 10% post-consumer recycled (PCR) plastic by 2025, equating to 218,000 metric tons of recycled plastic [4] - Amcor has developed recycle-ready options for 96% of its flexible packaging portfolio and 72% of its packaging production by weight is designed for recyclability [4] Sustainability Achievements - By the end of FY25, Amcor reduced greenhouse gas (GHG) emissions from its operations by 20% over the past four years [2][4] - The use of renewable electricity increased by 100%, now accounting for 30% of total energy consumption [4] - 75% of operational waste was recycled during the same period, alongside initiatives to reduce water usage [4] Innovation and Product Development - Amcor introduced new innovations aimed at minimizing waste and maximizing resource efficiency, including the AmFiber™ range of paper-based packaging products [3] - The company launched new formats for its AmPrima®, AmLite™, and HeatFlex™ solutions, enhancing recycle-readiness for complex flexible packaging applications [3] - The AmSky™ recycle-ready blister pack for pharmaceuticals is among the new platforms developed [3]