Reynolds Consumer Products(REYN) - 2022 Q1 - Earnings Call Presentation

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]