WASHINGTON, DC 20549 _______________________________________________________________________________________ _______________________________________________________________________________________ FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended June 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 ...

Reynolds Consumer Products Inc. (NASDAQ:REYN) Q1 2023 Results Conference Call May 10, 2023 8:00 AM ET Company Participants Mark Swartzberg - Investor Relations Lance Mitchell - President and Chief Executive Officer Michael Graham - Chief Financial Officer Conference Call Participants Nik Modi - RBC Capital Markets Rob Ottenstein - Evercore ISI Lauren Lieberman - Barclays Mark Astrachan - Stifel Andrea Teixeira - JPMorgan Bill Chappell - Truist Securities Brian McNamara - Canaccord Genuity Operator Ladies an ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _______________________________________________________________________________________ _______________________________________________________________________________________ FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...

Three Months Ended March 31, 2023 Year Ended December 31, 2023 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------|-------|------------|----------|-------|-------|-------------|-------|------------| | Net income (GAAP) | $ | Low \n12 | High \n$ | \n20 | $ | Low \n274 | $ | High \n296 | | Income tax expense | | 4 | | 6 | | 91 | | 99 | | Interest expense, net | | 30 | | 30 | | 120 | | 120 | | Depreciation and amortization | | 29 | | 29 | | 120 | | 120 | | Adjusted EBITDA | ...

Reynolds Consumer Products Inc. (NASDAQ:REYN) Q4 2022 Earnings Conference Call February 8, 2023 8:00 AM ET Company Participants Mark Swartzberg - Investor Relations Lance Mitchell - President and Chief Executive Officer Michael Graham - Chief Financial Officer Conference Call Participants Lauren Lieberman - Barclays Jason English - Goldman Sachs Kaumil Gajrawala - Credit Suisse Tristen Chau - Stifel Peter Grom - UBS Rob Ottenstein - Evercore ISI Operator Ladies and gentlemen, thank you for standing by and w ...

Revenue Concentration and Customer Dependence - In 2022, sales to the top ten customers accounted for 74% of total revenue, with Walmart and Sam's Club contributing 30% and 18% respectively[68]. - The company relies on a relatively small number of customers for a significant portion of revenue, making it vulnerable to customer consolidation and loss[67]. Cost Pressures and Economic Factors - The company experienced significant increases in raw material costs in both 2021 and 2022, particularly in resin and aluminum prices, negatively impacting results[72]. - Labor costs in the United States continue to rise, and the company increased prices in 2022 to pass these costs onto customers[77]. - Fluctuations in raw material and energy costs, including tariffs, have introduced greater uncertainty and could adversely affect financial results[73]. - Economic downturns and changes in consumer demand could lead to decreased sales and profitability[80]. - Supply chain disruptions and labor shortages continue to impact operations and could lead to increased costs[81]. Financial Performance and Results - Total net revenues for the year ended December 31, 2022, were $3,817 million, an increase from $3,556 million in 2021, representing a growth of 7.3%[288]. - Gross profit for 2022 was $776 million, down from $811 million in 2021, indicating a decrease of 4.3%[288]. - Net income for 2022 was $258 million, compared to $324 million in 2021, reflecting a decline of 20.4%[288]. - Earnings per share (EPS) for 2022 were $1.23, down from $1.54 in 2021, a decrease of 20.1%[288]. - The company reported interest expense of $76 million in 2022, an increase from $48 million in 2021, representing a rise of 58.3%[288]. Debt and Financing - As of December 31, 2022, the company had $2,107 million in outstanding indebtedness under its Term Loan Facility and $243 million borrowing capacity under its Revolving Facility[101]. - The unhedged portion of the Term Loan Facility was approximately $957 million as of December 31, 2022, exposing the company to interest rate risk[104]. - The company may need additional financing for growth strategies, including acquisitions, which may not be available on favorable terms[103]. Ownership and Governance - PFL controls approximately 74% of the voting power of the company's outstanding common stock, allowing it to determine the outcome of corporate actions requiring stockholder approval[116]. - The company is classified as a "controlled company" under Nasdaq rules, which allows it to rely on exemptions from certain corporate governance requirements[125]. - The concentration of PFL's ownership may discourage other parties from making tender offers, potentially preventing stockholders from receiving a premium for their shares[118]. Risks and Compliance - The company faces risks related to product quality and potential recalls, which could harm reputation and financial performance[85]. - The company may incur material liabilities under existing or future laws and regulations, which could adversely affect its business and financial condition[132]. - The company is subject to various environmental, health, and safety laws, which impose strict liability for costs related to hazardous substances[134]. - The company may face increased compliance costs due to evolving ESG regulations and stakeholder expectations[136]. Seasonal Trends - The company experiences seasonality, with the strongest sales in Q4 and weakest in Q1, influenced by major U.S. holidays[87]. Investments and Assets - Total assets as of December 31, 2022, were $4,929 million, up from $4,812 million in 2021, showing an increase of 2.4%[294]. - Total equity as of December 31, 2022, increased to $1,868 million, up from $1,756 million in 2021, representing a growth of 6.4%[298]. - The company’s inventories decreased by $139 million in 2022, compared to a decrease of $165 million in 2021[301]. - Property, plant, and equipment, net rose to $722 million in 2022 from $677 million in 2021, reflecting a 7% increase[349]. Interest Rate Management - The company has significant variable rate debt commitments outstanding as of December 31, 2022, accruing interest at the LIBO rate plus an applicable margin of 1.75%[266]. - The company entered into interest rate swaps fixing the LIBO rate to an annual rate of 2.70% to 3.44% for an aggregate notional amount of $1,000 million[267]. - A 100-basis point increase in interest rates would result in a $10 million increase in annual interest expense on borrowings[269]. Dividends and Shareholder Returns - The company intends to continue paying quarterly cash dividends, but its ability to do so may be limited by operational results and debt restrictions[114]. - The company declared and paid dividends of $0.92 per share in both 2021 and 2022, totaling $192 million each year[301]. Related Party Transactions - The company has entered into various related party transactions with PEI Group, which may limit its operational flexibility and could involve conflicts of interest[120]. - Conflicts of interest may arise as certain directors hold positions with PEI Group entities, potentially impacting decision-making[128].

Reynolds Consumer Products Inc. (NASDAQ:REYN) Q3 2022 Results Conference Call November 8, 2022 8:00 AM ET Company Participants Mark Swartzberg - Investor Relations Lance Mitchell - President and Chief Executive Officer Michael Graham - Chief Financial Officer Conference Call Participants Bill Chappell - Truist Securities Mark Astrachan - Stifel Rob Ottenstein - Evercore Andrea Teixeira - JP Morgan Lauren Lieberman - Barclays Jason English - Goldman Sachs Operator Ladies and gentlemen, thank you for standing ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR WASHINGTON, DC 20549 REYNOLDS CONSUMER PRODUCTS INC. (Exact name of Registrant as specified in its charter) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Incorporation or Organization) For the transition period from __________ to __________ Delaware 45-3 ...

Third Quarter 2022 Earnings Presentation November 8, 2022 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 fourth quarter and fiscal year 2022 guidance. In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expects, ...

Reynolds Consumer Products Inc. (NASDAQ:REYN) Q2 2022 Earnings Conference Call August 9, 2022 8:00 AM ET Company Participants Mark Swartzberg - Investor Relations Lance Mitchell - President and Chief Executive Officer Michael Graham - Chief Financial Officer Conference Call Participants Theo Brito - Credit Suisse Lauren Lieberman - Barclays Robert Ottenstein - Evercore Andrea Teixeira - JPMorgan Mark Astrachan - Stifel Bill Chappell - Truist Securities Jason English - Goldman Sachs Peter Grom - UBS Operator ...