Rayonier Advanced Materials Inc. · NYSE:RYAM
Rayonier Advanced Materials — March Equity Conferences 2024
9 slides from Rayonier Advanced Materials's conference presentation, Mar 13, 2024
Slide 1: March Equity Conferences Presentation Materials
March Equity Conferences Presentation Materials March 2024
Slide 2: Safe Harbor
Safe Harbor Forward-Looking Statements Certain statements in this document regarding anticipated financial, business, legal or other outcomes including business and market conditions, outlook and other similar statements relating to RYAM’s future events, developments, or financial or operational pe
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures This earnings release and the accompanying schedules contain certain non-GAAP financial measures, including EBITDA, adjusted EBITDA, adjusted free cash flows, adjusted income from continuing operations, adjusted net debt, and net secured debt. The Company believes these n
Slide 4: Who is RYAM
Who is RYAM ⎔ For over 95 years, RYAM has developed a platform that produces natural cellulose fibers that create value in a diverse range of end-use products – Largest global supplier of high purity cellulose specialties products – Sole producer of 3-ply paperboard in North America – 290,000 metric
Slide 5: RYAM Is Everywhere
RYAM Is Everywhere Food Fluff Personal Hygiene Ethers Pharmaceuticals Lignin Industrial Biomaterials Bioethanol Filter Bioenergy Acetate Plastic Packaging LCD/Film Paperboard Lottery Tire Cord Commercial Print Casings Packaging Filtration High-Yield Other CS Paperboard Nitrocellulose Pulp Printing &
Slide 6: Business Overview
Business Overview ENTERPRISE REVENUE AND EBITDA REVENUES ($ Millions) 2023 Revenue by Product Cellulose Specialties $1,717 7% $1,643 Fluff $1,431 13% $1,344 $1,408 Biomaterials / Other 5% Paper Pulp / Other 48% Viscose 10% Paperboard 6% High-Yield Pulp 11% 2019 2020 2021 2022 2023 EBITDA ($ Millions
Slide 7: 2024 Goals & Initiatives
2024 Goals & Initiatives $180-200 MILLION OF EBITDA WITH $20-40 MILLION OF FREE CASH FLOW ⎔ Opportunistically refinance Senior Notes ⎔ Asset optimization maturing in January 2026 before going current – Reduce commodity exposure and earnings volatility by – Continue focus on deleveraging through targ
Slide 8: The Pathway to Address Capital Structure
The Pathway to Address Capital Structure FOCUS ON REFINANCING NEAR-TERM MATURITIES ⎔ Target to refinance 2026 Notes prior to going current: – Reduce debt by ~$70M through free cash flow and monetize passive assets Amount Outstanding Maturity – Flexibility to refinance the 2026 Notes and/or the uni-t
Slide 9: RYAM's Compelling Proposition
RYAM’s Compelling Proposition STABLE CORE BUSINESS AND BIOMATERIALS DRIVE EBITDA TO $325M IN 2 027 Key Drivers 12.5x 16.0% 16% ⎔ Stable Core CS Business 14% 14.0% with Rebound in Ethers 10.0x 10.0x – Strong margins in CS business 12.0% – Substantial upside exists as Ethers Net Debt/Adjusted EBITDA 1
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