Reynolds Consumer Products Inc. · NASDAQ:REYN
Reynolds Consumer Products — FY2021 Earnings Presentation
16 slides from Reynolds Consumer Products's earnings presentation, Feb 9, 2022
Slide 1: Fourth Quarter and Fiscal Year 2021 Earnings Presentation
Fourth Quarter and Fiscal Year 2021 Earnings Presentation February 9, 2022
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements and Other Information This presentation contains statements reflecting our views about our future performance that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including our first quarter and
Slide 3: Full Year Results
Full Year Results $3,556m $601m 17% Net Revenues Adj. EBITDA Adj. EBITDA margin for the full year ended 12/31/2021 Cooking products Waste & Storage products Tableware Segments Reynolds Cooking & Baking Hefty Waste & Storage Presto Products Hefty Tableware Net Revenues $1,314m Net Revenues $884m Net
Slide 4: Fourth Quarter Results
Fourth Quarter Results $1,021m $181m 18% Net Revenues Adj. EBITDA Adj. EBITDA margin for the fourth quarter ended 12/31/2021 Cooking products Waste & Storage products Tableware Segments Reynolds Cooking & Baking Hefty Waste & Storage Presto Products Hefty Tableware Fourth Net Revenues $412m Net Reve
Slide 5: Fiscal Year 2022 Guidance
Fiscal Year 2022 Guidance Metric Fiscal Year Guide 2022 9% to 12% growth (on $3,556 million in Net Revenues FY21) Net Income $319 million to $349 million Adjusted Net Income $327 million to $357 million Adjusted EBITDA $615 million to $655 million EPS $1.52 to $1.66 Adjusted EPS $1.56 to $1.70 Net D
Slide 6: First Quarter 2022 Guidance
First Quarter 2022 Guidance Metric First Quarter Guide 2022 10% to 14% growth (on $757 million in Net Revenues Q1 2021) Net Income $49 million to $57 million Adjusted Net Income $51 million to $59 million Adjusted EBITDA $110 million to $120 million EPS $0.23 to $0.27 Adjusted EPS $0.24 to $0.28 5
Slide 7: Free Cash Flow Profile
Free Cash Flow Profile For the Year Ended December 31, 2021 ($ in millions) 2021 2020 Cash from operations $310 $319 Change in related party payables 3 28 Change in related party receivables 2 (5) Change in related party accrued interest payable - 18 Interest expense, net, related party borrowings -
Slide 8: Strong innovation
Strong innovation Reynolds J) Consumer Products ms A Hefty) <> ULTRA STRONG Gx ORAS NS. SS ReynoldskitcHENs: “Butcher Paper Z FOOD STORAGE CONTAINERS, sey8 20%" slider stora
Slide 9: ESG Framework
ESG Framework Simplify daily life to enjoy what matters most Environmental and social issues affect not only the communities in which we operate, but also the long-term sustainability of our business. Our Products Our People Our Communities Goals We will offer products and We will relentlessly pursu
Slide 10: ESG Scorecard
ESG Scorecard – Published on Sept. 23, 2021 Targets Metrics Baseline Objective Timing Sustainable product offerings. Offer % of US product lines1 with at least one 85% (2020) 100% 2025 sustainable options in each product line across sustainable product offering2 PRODUCTS our portfolio by 2025 Sustai
Slide 11: Appendix
Th | Appendix Reynolds Consumer Products
Slide 12: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation For the Three Months Ended December 31, For the Years Ended December 31, 2021 2020 2021 2020 (in millions) (in millions) Net income – GAAP $ 105 $ 112 $ 324 $ 363 Income tax expense 34 41 106 153 Interest expense, net 12 13 48 70 Depreciation and amortization 27 27 109
Slide 13: Net Debt Reconciliation
Net Debt Reconciliation As of December 31, 2021 Current portion of Long-Term debt $ 25 Long-Term debt 2,087 Total Debt 2,112 Cash and Cash Equivalents (164 ) Net Debt (Non-GAAP) $ 1,948 Reynolds Consumer Products Inc. 12
Slide 14: Adjusted Net Income and EPS Reconciliation
Adjusted Net Income and EPS Reconciliation Three Months Ended Three Months Ended December 31, 2021 December 31, 2020 Net Diluted Diluted Net Diluted Diluted Income Shares EPS Income Shares EPS As Reported - GAAP $ 105 210 $ 0.50 $ 112 210 $ 0.53 Adjustments: IPO and separation-related costs (1) 2 21
Slide 15: Adjusted Net Income and EPS 2022 Guidance Reconciliation
Adjusted Net Income and EPS 2022 Guidance Reconciliation Reynolds Consumer Products Inc. Reconciliation of Q1 2022 Net Income and EPS guidance to Adjusted Net Income and Adjusted EPS guidance (amounts in millions except per share data) Net Income Diluted shares Diluted Earnings Per Share low high ou
Slide 16: Reynolds Consumer Products
Reynolds Y Consumer Products
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