Reynolds Consumer Products(REYN) - 2020 Q4 - Earnings Call Presentation

Financial Performance - Full Year 2020 - Net Revenues for the full year ended December 31, 2020, reached $3263 million[11] - Adjusted EBITDA for the full year was $717 million, representing a 22% margin[11] - Reynolds Cooking & Baking segment's Net Revenues were $1159 million with an Adjusted EBITDA of $254 million (22% margin)[12] - Hefty Waste & Storage segment's Net Revenues were $818 million with an Adjusted EBITDA of $236 million (29% margin)[12] - Presto Products segment's Net Revenues were $533 million with an Adjusted EBITDA of $98 million (18% margin)[12] - Hefty Tableware segment's Net Revenues were $763 million with an Adjusted EBITDA of $170 million (22% margin)[12] Financial Performance - Fourth Quarter 2020 - Net Revenues for the fourth quarter ended December 31, 2020, were $888 million[14] - Adjusted EBITDA for the fourth quarter was $198 million, representing a 22% margin[14] - Reynolds Cooking & Baking segment's Net Revenues were $335 million with an Adjusted EBITDA of $85 million (25% margin)[15] - Hefty Waste & Storage segment's Net Revenues were $214 million with an Adjusted EBITDA of $53 million (25% margin)[15] - Presto Products segment's Net Revenues were $132 million with an Adjusted EBITDA of $18 million (14% margin)[15] - Hefty Tableware segment's Net Revenues were $207 million with an Adjusted EBITDA of $50 million (24% margin)[15] Fiscal Year 2021 Guidance - The company anticipates low-single-digit growth in Net Revenues compared to $3263 million in FY20[21] - Net Income is projected to be between $400 million and $415 million[21] - Adjusted Net Income is expected to range from $412 million to $427 million[21] - Adjusted EBITDA is guided to be between $710 million and $730 million[21] First Quarter 2021 Guidance - The company expects mid-single-digit growth in Net Revenues compared to $730 million in Q1 2020[23] - Net Income is projected to be between $71 million and $75 million[23] - Adjusted Net Income is expected to range from $73 million to $77 million[23] - Adjusted EBITDA is guided to be between $138 million and $143 million[23] Cash Flow - Adjusted cash flow from operations for the year ended December 31, 2020, was $605 million, compared to $493 million in 2019[28]