FY23 First Quarter Results

Flexibles segment :  Solid sales growth, mix management and outstanding cost performance. Net sales of $2.8bn includes price increases of ~$270m
(10% growth) related to higher raw material costs.

Net sales growth of 3% reflects price/mix benefits
across all business units. Overall volumes 1% lower.

Rigid Packaging segment: Net sales of $933m includes price increases of ~$130m
(17% growth) from higher raw material costs.