Reynolds Consumer Products Inc. · NASDAQ:REYN
Reynolds Consumer Products — Q4 2024 Earnings Presentation
20 slides from Reynolds Consumer Products's earnings presentation, Feb 5, 2025
Slide 1: Q4 2024 Earnings Call
Q4 2024 Earnings Call February 5, 2025
Slide 2: Safe Harbor
Safe Harbor 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 fiscal year 2025 guidance. In some cases, you c
Slide 3: At-A-Glance
At-A-Glance Headquarters: Lake Forest, IL Nasdaq: REYN $3,695M ~6,400 IPO January 2020 2024 Net Revenues Employees #1 or #2 US market share position in the majority of product categories 95% of households across the US have at least 1 RCP product
Slide 4: Our products simplify daily life so you can enjoy what matters most
Our products simplify daily life so you can enjoy what matters most We make cooking, serving, clean-up and storage simpler and easier, providing people a little more time for the things that matter
Slide 5: FY 2024 Financial Results
FY 2024 Financial Results
Slide 6: 2024 Priorities
2024 Priorities Protected and drove volume by leveraging our competitively advantaged business model and investing in our categories and product innovation Innovated with new sustainable solutions and other new products to further differentiate our offerings in our categories Continued to opti
Slide 7: CEO quote on retail volume acceleration and 2025 commitment
“Our retail volume accelerated in the fourth quarter, and we have the team, business model and resources to drive strong growth, margin expansion and consistently attractive shareholder returns. Reynolds and Hefty are very strong brands, and we enter 2025 committed to executing new and existing prog
Slide 8: 2024 Financial Highlights
2024 Financial Highlights $3,695m $678m 18% Net Revenues Adj. EBITDA1 Adj. EBITDA margin1 Adj EBITDA by Segment ¹,² 1This is a non-GAAP financial measure. See the reconciliation tables at the end of this presentation for a reconciliation to the most directly comparable GAAP measure. 2 Excludes Corpo
Slide 9: Q4 2024 Financial Highlights
Q4 2024 Financial Highlights $1,021m $213m 21% Net Revenues Adj. EBITDA1 Adj. EBITDA margin1 Reynolds Cooking & Baking Hefty Waste & Storage Hefty Tableware Presto Products Net Revenues2 $374M Net Revenues2 $245M Net Revenues2 $251M Net Revenues2 $153M Fourth Quarter Adj. EBITDA $30M Adj. EBITDA $82
Slide 10: Financial Outlook
Financial Outlook
Slide 11: 2030 RCP Strategic Vision
2030 RCP Strategic vision Our Mission Simplify daily life to enjoy what matters most Be the leading supplier of products used for cooking, serving, clean- Our Goal up and storage in North America Pillars and Strategies Grow the Grow the Core Core Expand Margins Champion Cash Explore for More – Champ
Slide 12: 2025 Priorities
2025 Priorities v Continue treating employee and company safety as our top priority, and build further on our world class safety performance v Accelerate growth through distribution wins and product innovation, and build a more sustainable level of low-single-digit growth in the future v Execute cos
Slide 13: Q1 and Full Year 2025 Outlook
Q1 and Full Year 2025 Outlook Metric Q1 2025 Outlook Full Year 2025 Outlook Net Revenues Down low single digits Down low single digits Adjusted EBITDA1 $115 to $120 million $670 to $690 million Adjusted Earnings Per Share1 $0.22 to $0.24 $1.61 to $1.68 Full-year 2025 Adjusted EBITDA and Adjusted EPS
Slide 14: Advancing Sustainability
Advancing Sustainability Please refer https://investors.reynoldsconsumerproducts.com/esg for more information on our sustainability mission
Slide 15: Innovation Drives Our Success
Innovation Drives Our Success
Slide 16: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables
Slide 17: Non-GAAP Financial Measures
Non-GAAP Financial Measures We use non-GAAP financial measures “Adjusted EBITDA,” “Adjusted Net Income,” “Adjusted Earnings Per Share,” “Net Debt,” “Net Debt to Trailing Twelve Months Adjusted EBITDA,” “Free Cash Flow,” and “Conversion of Adjusted EBITDA” in evaluating our past results and future pr
Slide 18: Reconciliation of Net Income to EBITDA and Adjusted EBITDA
Reconciliation of Net Income to EBITDA and Adjusted EBITDA Reynolds Consumer Products Inc. Reconciliation of Net Income to EBITDA and Adjusted EBITDA (amounts in millions) For the Three Months Ended December 31, For the Years Ended December 31, 2024 2023 2024 2023 Net income – GAAP $ 121 $ 137 $ 352
Slide 19: Reconciliation of Total Debt to Net Debt and Net Debt to Adjusted EBITDA
Reconciliation of Total Debt to Net Debt and Calculation of Net Debt to Trailing Twelve Months Adjusted EBITDA (amounts in millions, except for Net Debt to Trailing Twelve Months Adjusted EBITDA) As of December 31, 2024 Current portion of long-term debt $ — Long-term debt 1,686 Total debt 1,686 Cash
Slide 20: Reynolds Consumer Products
Reynolds Y Consumer Products
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