UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 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 June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-39205 REYNOLDS CONSUMER PRODUCTS INC. (Exact name of Registrant as specified in its charter) Delaware 45-346 ...

First Quarter 2022 Results - Net revenues for Reynolds Cooking & Baking decreased by 1% due to lower volume offsetting price increases, with Adjusted EBITDA decreasing by 47% due to lower volume and material cost increases exceeding price increases[10] - Net revenues for Hefty Waste & Storage increased by 18% driven by price increases and higher volume, with Adjusted EBITDA increasing by 2% as higher volume and price increases offset higher costs[10] - Net revenues for Presto Products increased by 12% driven by price increases and improved portfolio mix, with Adjusted EBITDA increasing by 6% driven by higher pricing and improved portfolio mix offsetting higher costs[10] - Net revenues for Hefty Tableware increased by 24% driven by price increases and higher volume, with Adjusted EBITDA decreasing by 32% as pricing actions lagged cost increases[10] - The company's total net revenues for the first quarter ended March 31, 2022, were $845 million, with an Adjusted EBITDA of $112 million, representing a 13% Adjusted EBITDA margin[10] Fiscal Year 2022 Guidance - The company expects net revenue growth at the high end of the 9% to 12% range for fiscal year 2022[13] - The company anticipates Adjusted EBITDA near the low end of the $615 million to $655 million range for fiscal year 2022[13] - The company projects Adjusted EPS near the low end of the $1.56 to $1.70 range for fiscal year 2022[13] - The company estimates net debt to be approximately $1.9 to $2.0 billion as of December 31, 2022[13] Second Quarter 2022 Guidance - The company forecasts net revenue growth of 6% to 8% for the second quarter of 2022[16] - The company expects Adjusted EBITDA between $49 million and $57 million for the second quarter of 2022[16] - The company projects Adjusted EPS between $0.23 and $0.27 for the second quarter of 2022[16]

Financial Data and Key Metrics Changes - Net revenues for Q1 2022 were $845 million, a 12% increase from $757 million in Q1 2021, primarily driven by price increases [22] - Adjusted EBITDA for Q1 2022 was $112 million, down 20% from $140 million in Q1 2021, due to higher costs and lower volume [23] - Adjusted earnings per share for the quarter was $0.26 [23] Business Line Data and Key Metrics Changes - Volume in Hefty Waste & Storage grew by 6%, driven by strong demand and easing of staffing and logistics challenges [24] - Volume in Hefty Tableware increased by 10%, supported by strength across the Hefty and store brand portfolio [24] - Volume in Reynolds Cooking & Baking declined by 14%, with over half of the decline attributed to timing of retailer inventory replenishment [24] - Presto Products volume declined by 3% [25] Market Data and Key Metrics Changes - RCP branded dollar share and volume share in waste bags, disposable tableware, and other categories increased compared to the previous year [16] - Consumers are eating out less often due to inflation, impacting product consumption patterns [15] Company Strategy and Development Direction - The company is focused on restoring pre-pandemic profitability through additional pricing and cost savings initiatives [11] - Innovation is a key growth driver, with new product introductions planned, including compostable wax paper and new Hefty products [18] - The company is committed to improving working capital and cash flow management amid rising commodity costs [25][32] Management's Comments on Operating Environment and Future Outlook - Management noted that inflation has accelerated since early February, creating a challenging environment [20] - The company expects net revenues to grow by 6% to 8% in Q2 2022, with adjusted EBITDA projected between $110 million and $120 million [26] - Management anticipates better alignment between shipments and consumer demand in the latter half of the year [28] Other Important Information - The company expects total additional cost pressures of approximately $450 million for the year, up from $400 million previously estimated [29] - Capital spending for the year is expected to be between $150 million and $170 million, focusing on automation and other initiatives [30] Q&A Session Summary Question: Can you talk about Cooking & Baking and the components behind the decline? - Management indicated that the decline was driven by inventory adjustments and changes in consumer trends, with half of the decline event-driven [37] Question: Can you provide more detail on category growth and share progression? - Management reported that the brand gained dollar and EQ share in 70% of categories, with continued growth in most product lines [45] Question: Can you break down the $50 million increase in costs? - Management explained that two-thirds of the cost increase was due to materials, particularly aluminum and polyethylene [60] Question: What are your second quarter volume assumptions? - Management expects RCO volume to be down mid to high single digits, with better alignment between shipments and household consumption anticipated [53] Question: How are you addressing the pricing and commodity dynamics? - Management stated that they have historically been able to recover margins when commodity prices decrease and are adjusting price points accordingly [91]

Revenue Performance - Total net revenues increased by $88 million, or 12%, to $845 million for the three months ended March 31, 2022, primarily driven by a 14% increase in pricing due to higher material costs, partially offset by a 2% decrease in volume [76][91]. - The Reynolds Cooking & Baking segment generated net revenues of $268 million, while the Hefty Waste & Storage segment generated $228 million, and the Hefty Tableware segment generated $210 million for the three months ended March 31, 2022 [88]. - Hefty Tableware total segment net revenues increased by $40 million, or 24%, to $210 million, primarily due to higher pricing and volume [102]. - Hefty Waste & Storage total segment net revenues increased by $34 million, or 18%, to $228 million, primarily due to higher pricing and volume [100]. - Presto Products total segment net revenues increased by $15 million, or 12%, to $141 million, driven by pricing actions and improved portfolio mix [104]. - Reynolds Cooking & Baking total segment net revenues decreased by $4 million, or 1%, to $268 million, primarily due to lower consumption and reroll sales [97]. Cost and Expenses - Cost of sales increased by $112 million, or 20%, to $677 million, driven by a $105 million increase in material costs and higher labor and logistics costs [92]. - Adjusted EBITDA decreased by $28 million, or 20%, to $112 million, primarily due to increased material, manufacturing, logistics, and advertising costs, along with lower volume [95]. - Selling, general and administrative expenses increased by $5 million, or 6%, to $83 million, primarily due to higher advertising expenses [92]. - Adjusted EBITDA for Reynolds Cooking & Baking decreased by $25 million, or 47%, to $28 million, driven by lower volume and pricing actions lagging material cost increases [98]. - Adjusted EBITDA for Hefty Tableware decreased by $11 million, or 32%, to $23 million, primarily due to pricing actions lagging costs [103]. - Adjusted EBITDA for Hefty Waste & Storage increased by $1 million, or 2%, to $45 million, driven by higher volume and price increases [101]. Net Income and Cash Flow - Net income for the three months ended March 31, 2022, was $52 million, a decrease of $22 million, or 30%, compared to $74 million in the same period of 2021 [90]. - Net cash provided by operating activities increased by $10 million to $19 million, primarily due to lower net cash outlays [109]. - Net cash used in investing activities increased by $5 million to $28 million, driven by increased acquisition of property, plant, and equipment [110]. Tax and Market Position - The effective tax rate for the three months ended March 31, 2022, was 24.3%, compared to 25.0% for the same period in 2021 [94]. - The company holds the 1 market position in the U.S. consumer foil market with over 50% market share in virtually all categories [74]. COVID-19 Impact - The company does not anticipate that the COVID-19 pandemic will materially impact its liquidity over the next 12 months [79].

Fourth Quarter and Fiscal Year 2021 Earnings Presentation February 9, 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 first quarter and fiscal year 2022 guidance. In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "sh ...

Reynolds Consumer Products Inc. (NASDAQ:REYN) Q4 2021 Earnings Conference Call February 9, 2022 8:00 AM ET Company Participants Mark Swartzberg - Vice President of Investor Relations Lance Mitchell - President and Chief Executive Officer Michael Graham - Chief Financial Officer Conference Call Participants Rob Ottenstein - Evercore ISI Jason English - Goldman Sachs Lauren Lieberman - Barclays Andrea Teixeira - JP Morgan Peter Grom - UBS Kaumil Gajrawala - Credit Suisse Mark Astrachan - Stifel Wendy Nicholso ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from____ to____ (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification Number) 1900 W. Field Court Lake Forest, Illinois 60045 Telephone: ( ...

November 4 Third Quarter 2021 Earnings Presentation Disclaimer Forward-Looking Statements and Other Information For additional information on these and other factors that could cause our actual results to materially differ from those set forth herein, please see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. ...

Reynolds Consumer Products Inc. (NASDAQ:REYN) Q3 2021 Earnings Conference Call November 4, 2021 8:00 AM ET Company Participants Mark Swartzberg - Vice President of Investor Relations Lance Mitchell - President & Chief Executive Officer Michael Graham - Chief Financial Officer Conference Call Participants Nik Modi - RBC Capital Markets Robert Ottenstein - Evercore ISI Lauren Lieberman - Barclays Mark Astrachan - Stifel William Chappell - Truist Securities Andrea Teixeira - JP Morgan Wendy Nicholson - Citigro ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-39205 REYNOLDS CONSUMER PRODUCTS INC. WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact Name of Registrant as Specified in its Charter) (State or ...