Reynolds Consumer Products Inc. · NASDAQ:REYN
Reynolds Consumer Products — Barclays Global Consumer Staples Conference 2024
26 slides from Reynolds Consumer Products's conference presentation, September 2024
Slide 1: Barclays Global Consumer Staples Conference
Barclays Global Consumer Staples Conference September 2024
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. In some cases, you can identify these statements by forward-looking words such
Slide 3: Who We Are
Who We Are
Slide 4: At-A-Glance
At-A-Glance Headquarters: Lake Forest, IL Nasdaq: REYN $3,756M ~6,000 IPO January 2020 2023 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 5: 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 and clean-up simpler and easier, providing people a little more time for the things that matter
Slide 6: Category Brand Share
Category Brand Share Aluminum Foil Convenience Cooking Trash Bags Total Category: $1 billion Total Category $330 million Total Category $3.5 billion (parchment, wax & freezer paper, slow cooker liners, oven bags & baking cups) All Other All Other RCP RCP All Other 33% RCP 43% 40% 57% 60% 67% Food St
Slide 7: Safety: Our Top Priority
Safety: Our Top Priority Our mission to “Simplify Daily Life” extends to our employees and how we work together. We are committed to putting safety first, always.
Slide 8: Winning Strategy
Winning Strategy Champion our categories with iconic brands and store brands Our brands and manufacturing footprint are strategic barriers Prioritize sustainability across our business Our Reyvolution culture is embedded in our organization We generate cash flow to invest, create value for sharehold
Slide 9: Formalized optimization approach to drive revenue growth, market share gains and margin expansion
Formalized optimization approach to drive revenue growth, market share gains and margin expansion Growth Innovation Cost Saving Initiatives High-Value Initiatives
Slide 10: Innovation Drives Our Success
Innovation Drives Our Success Our pipeline of innovative products is stronger than ever, and we are in position to introduce an expanded range of brand and private label products over the next three years. Moreover, we are committed to achieving sustainable alternatives in all our categories by 2025
Slide 11: Advancing Sustainability
Advancing Sustainability Please refer to https://investors.reynoldsconsumerproducts.com/esg for more information on our sustainability mission
Slide 12: Advancing Sustainability
Advancing Sustainability Our goal is to offer sustainable options in each product line across our portfolio by 2025. Please refer to the Hefty.com and ReynoldsBrands.com for specific product and packaging features
Slide 13: ESG Scorecard
ESG Scorecard Environmental and social issues not only affect the communities in which we operate, but also the long-term sustainability of our business. We have the opportunity to drive positive and meaningful change through our practices, investments and products. Our Products Our People Our Commu
Slide 14: Our Business Units
Our Business Units
Slide 15: Reynolds Cooking & Baking
Reynolds Cooking & Baking Branded and store brand foil, parchment paper, air fryer liners, oven bags, wax and freezer paper, butcher paper, disposable aluminum pans, slow cooker liners and baking cups Most trusted brand in kitchen products - unparalleled brand strength with 98% brand #1 #1 #1 aware
Slide 16: Hefty Waste & Storage
Hefty Waste & Storage ® Hefty® brand and store brand slider food storage bags, kitchen trash bags, contractor bags and sustainable solutions including the Hefty® ReNew™ Program Balanced portfolio with brand and store brands #1 #2 Hefty is holding category share as a result of Branded Branded its
Slide 17: Hefty Tableware
Hefty® Tableware Hefty® brand and store brand disposable dishes, plates, bowls, platters, cups and cutlery We have a broad and deep Tableware offering, making us the partner of choice for our #1 #1 customers Branded Branded Consumption trends driven by demand for Party Cup Foam convenience Dishe
Slide 18: Presto
Presto Store brand food storage bags, trash bags, plastic wrap and containers, as well as specialty products Store brand innovation leader Retailer recognized quality & service #1 #1 Category management, consumer insights, Store Brand Store Brand market research to optimize store brand Food Bag P
Slide 19: Financials
Financials
Slide 20: 2024 Priorities
2024 Priorities Protect and drive volume by leveraging our competitively advantaged business model and investing in our categories and product innovation Innovate with new sustainable solutions and other new products to further differentiate our offerings in our categories Continue to optimize
Slide 21: YTD Financial Highlights
YTD Financial Highlights $1,764m $294m 17% 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 Corpor
Slide 22: Strategic Capital Allocation
Strategic Capital Allocation ~3% Dividend Yield Invest in our business Cash Returned to Shareholders $700 million returned since IPO in 2020 ($ in millions) Maintain capital spending discipline $192 $192 $192 Continue to de-leverage $124 Return cash to shareholders Evaluate bolt-on M&A 202
Slide 23: Reconciliation Tables
Reconciliation Tables
Slide 24: Non-GAAP Financial Measures
Non-GAAP Financial Measures We use non-GAAP financial measure “Adjusted EBITDA” in evaluating our past results and future prospects. We define Adjusted EBITDA as net income calculated in accordance with GAAP, plus the sum of income tax expense, net interest expense, depreciation and amortization and
Slide 25: Net Income to Adjusted EBITDA Reconciliation
Net Income to Adjusted EBITDA Reconciliation
Slide 26: Reynolds Consumer Products
Reynolds Y) Consumer Products
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