Reynolds Consumer Products(REYN) - 2023 Q2 - Earnings Call Presentation

Financial Performance Highlights - Q2 2023 net revenues reached $940 million, with an adjusted EBITDA of $150 million, resulting in a 16% adjusted EBITDA margin[24] - Year-to-date net revenues totaled $1.814 billion, and adjusted EBITDA was $232 million, yielding a 13% adjusted EBITDA margin[25] - The company is forecasting strong earnings growth for the remainder of the year and has resumed paying down debt[23] Segment Performance (Q2 2023) - Reynolds Cooking & Baking net revenues were $321 million with an adjusted EBITDA of $40 million[33] - Hefty Waste & Storage net revenues were $229 million with an adjusted EBITDA of $62 million[28] - Hefty Tableware net revenues were $251 million with an adjusted EBITDA of $45 million[29] - Presto Products net revenues were $145 million with an adjusted EBITDA of $28 million[31] Outlook - The company's updated FY2023 outlook projects net income between $281 million and $296 million and adjusted EBITDA between $615 million and $635 million[39] - The company expects net debt to be between $1.8 billion and $1.9 billion as of December 31, 2023[39]