Rayonier Advanced Materials Inc. · NYSE:RYAM
Rayonier Advanced Materials — Stifel Cross Sector Insight Conference 2024
10 slides from Rayonier Advanced Materials's conference presentation, Jun 5, 2024
Slide 1: Investor Presentation
Investor Presentation Stifel Cross Sector Insight Conference June 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 REVENUES AND EBITDA REVENUES ($ Billions) Revenues by Product $1.7 $1.6 $1.6- Cellulose Specialties 7% $1.6 7% $1.4 $1.7 Fluff $1.3 $1.4 13% 14% Biomaterials 5% 48% 4% Paper Pulp / Other 2023A 4% 2024G 49% Viscose 10% 5% Paperboard 6% High-Yield Pulp 11% 17% 2019 2020 20
Slide 7: 2024 Initiatives
2024 Initiatives 2024 EBITDA GUIDANCE: $180-$200M; FREE CASH FLOW $80-$100M ⎔ Opportunistically refinance Senior Notes ⎔ Asset optimization maturing in January 2026 before going current – Reduce commodity exposure and earnings volatility, and – Continued focus on deleveraging through targeted debt o
Slide 8: Suspension of Temiscaming HPC Plant
Suspension of Temiscaming HPC Plant ⎔ Announced the indefinite suspension of operations at the Temiscaming HPC plant ⎔ Expecting a modest Adjusted EBITDA Benefit in 2024 – Mitigation of operating loss partially offset by stranded and transactional costs – Non-cash charges related to impairment expec
Slide 9: 2024 Guidance
2024 Guidance ADJUSTED FREE CASH FLOW GUIDANCE OF $80-100 MILLION INCLUDING PASSIVE ASSET SALE ($ Millions) $180-200 Capital allocation decision to repay debt or invest in high return strategic capital projects (1) 85 $80-100 14 6 45 10 17 39 80 (2) (1) Higher due to the timing of interest payments
Slide 10: 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%16.0% ⎔ Stable Core CS Business with Rebound in Ethers 14% 14.0% – Strong margins in CS business 10.0x – Substantial upside exists as Ethers 10.0x 12% 12.0% demand “normalizes” fro
Rayonier Advanced Materials — Stifel Cross Sector Insight Conference 2024 on 6ix