Reynolds Consumer Products(REYN) - 2022 Q2 - Earnings Call Presentation

Second Quarter 2022 Performance - Net revenues for the second quarter ended June 30, 2022, reached $917 million[15] - Adjusted EBITDA for the same period was $118 million, with a 13% margin[15] - Reynolds Cooking & Baking segment net revenues were $294 million with Adjusted EBITDA of $36 million and a 12% margin[11, 12, 13] - Hefty Waste & Storage segment net revenues were $238 million with Adjusted EBITDA of $46 million and a 19% margin[11, 12, 13] - Presto Products segment net revenues were $150 million with Adjusted EBITDA of $25 million and a 17% margin[11, 12, 13] - Hefty Tableware segment net revenues were $240 million with Adjusted EBITDA of $25 million and a 10% margin[11, 12, 13] Fiscal Year 2022 Guidance - The company projects net revenue growth of 8% to 11% for fiscal year 2022 (based on $3556 million in FY21)[21] - Adjusted EBITDA is expected to be between $560 million and $590 million[21] - Net income is projected to be between $269 million and $292 million, with adjusted net income between $278 million and $301 million[21] - The company anticipates EPS of $1.28 to $1.39 and adjusted EPS of $1.32 to $1.43[21] - Net debt is expected to be between $1.9 billion and $2 billion[21] Third Quarter 2022 Guidance - The company projects net revenue growth of 8% to 12% for the third quarter of 2022 (based on $905 million in Q3 2021)[24] - Net income is expected to be between $43 million and $51 million, with adjusted net income between $45 million and $53 million[24] - Adjusted EBITDA is projected to be between $110 million and $120 million[24] - The company anticipates EPS of $0.20 to $0.24 and adjusted EPS of $0.21 to $0.25[24] Fourth Quarter 2022 Guidance - The company projects net revenue growth of 9% to 17% for the fourth quarter of 2022 (based on $1021 million in Q4 2021)[26] - Net income is expected to be between $122 million and $137 million, with adjusted net income between $124 million and $139 million[26] - Adjusted EBITDA is projected to be between $220 million and $240 million[26] - The company anticipates EPS of $0.58 to $0.65 and adjusted EPS of $0.59 to $0.66[26]