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Smurfit WestRock plc(SW) - 2025 H1 - Earnings Call Presentation

Financial Performance - Smurfit Westrock reported Net Sales of $7.940 billion[27] - Adjusted EBITDA reached $1.213 billion[9, 27] - Adjusted EBITDA Margin was 15.3%[9, 27] - Adjusted Free Cash Flow amounted to $387 million[27] Segment Performance - North America's Net Sales totaled $4.8 billion with an Adjusted EBITDA of $752 million and an Adjusted EBITDA Margin of 15.8%[29] - EMEA & APAC achieved Net Sales of $2.8 billion with an Adjusted EBITDA of $372 million and an Adjusted EBITDA Margin of 13.4%[29] - LATAM's Net Sales were $0.5 billion with an Adjusted EBITDA of $123 million and an outstanding Adjusted EBITDA Margin of 23.7%[29] Capital Allocation and Investments - Capital expenditure for 2025 is projected to be between $2.2 billion and $2.4 billion[30, 45] - Approximately $1 billion was spent across the system, including over $450 million invested in the paper system and over $450 million in the packaging business[23] Synergies and Outlook - The company anticipates a $400 million contribution to Adjusted EBITDA from synergies, with full run rate exiting 2025[37] - Approximately $350 million is expected to be captured in Adjusted EBITDA in 2025, with about $180 million already achieved in H1 2025[37] - Q3 2025 Adjusted EBITDA is guided to be approximately $1.3 billion, and FY 2025 Adjusted EBITDA is expected to be between $5.0 billion and $5.2 billion[37, 45]