Sylvamo (SLVM) - 2022 Q4 - Earnings Call Presentation

Financial Performance - Sylvamo's Net sales in 2022 reached $3628 million, a 28% increase compared to $2828 million in 2021[10] - Adjusted EBITDA for 2022 was $721 million, a 62% increase from $445 million in 2021[10] - Adjusted Operating Earnings per Share increased by 72% from $457 in 2021 to $784 in 2022[10] - Free Cash Flow in 2022 was $269 million, a 24% decrease compared to $354 million in 2021[10] - The company achieved a Return on Invested Capital (ROIC) of 30% in 2022[9] Q4 2022 Results - Net Sales for Q4 2022 were $927 million, compared to $778 million in Q4 2021[12] - Adjusted EBITDA for Q4 2022 was $170 million, representing 183% of net sales, compared to $123 million in Q4 2021, which was 158% of net sales[13,40] - Adjusted Operating Earnings per Share for Q4 2022 was $197, compared to $095 in Q4 2021[14] - Free Cash Flow for Q4 2022 was $84 million, compared to $109 million in Q4 2021[13] 2023 Outlook - The company anticipates an Adjusted EBITDA between $760 million and $840 million for 2023[32] - Free Cash Flow is projected to be between $300 million and $330 million for 2023[32] - Capital spending for 2023 is estimated to be between $210 million and $235 million[29] - Q1 2023 Adjusted EBITDA is expected to be between $200 million and $215 million[23]