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REYNOLDS CONSUMER PRODUCTS INC.

(REYN)
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Reynolds Consumer Products : Agilyx AS (AGLX) - Cyclyx Welcomes Reynolds Consumer Products as its Newest Member to Advance the Recovery of Post-Use Plastic

09/23/2021 | 01:01am EST
PORTSMOUTH, New Hampshire, USA, September 23, 2021 - Cyclyx International, a
consortium feedstock management joint venture founded by Agilyx and ExxonMobil,
has announced Reynolds Consumer Products, LLC ("Reynolds") as its newest member.

Reynolds has been making great strides in the effort to helping divert
hard-to-recycle plastics from landfills with their Hefty® EnergyBag® program. As
a Cyclyx member, Reynolds will bring its learnings and expertise in creating a
more circular economy for waste plastics playing an active role in helping
Cyclyx build out its 10 to 90 waste plastic takeback programs. 

The Hefty® EnergyBag® program gives consumers the ability to collect
hard-to-recycle plastic items in addition to their existing recycling efforts.
Since the Energy Bag® program's inception in 2016, Hefty® has diverted over
1,500 tons of plastic waste from landfills. Hefty's collaboration with Cyclyx
aspires to enhance the program and greatly expand their geographic reach and
volume of waste plastics collected.

As a member of the consortium, Reynolds Consumer Products joins a growing list
of companies that are helping to lead the way to build a robust reverse
logistics supply chain for waste plastics. As a Cyclyx member, Reynolds will
work with Cyclyx to leverage the Hefty® EnergyBag® program learnings to create
various options for corporations, consumers and communities to collect waste
plastics and find their best recycling or recovery pathway.

"Reynolds Consumer Products is committed to supporting the recovery rates of
hard-to-recycle plastics" said Lisa Burns, Sr. Vice President, Marketing for
Hefty Waste and Storage. "We look forward to working with Cyclyx and other
consortium members to help collected materials go to higher value use."

"We are excited to welcome Reynolds Consumer Products to the consortium," stated
Joe Vaillancourt, CEO of Cyclyx. "As a company that has already exhibited
leadership and made great strides in the recovery of hard-to-recycle plastic
waste, Reynolds is a valuable participant in our mission to drive plastic
recycling rates from 10% to 90%."

About Cyclyx International, LLC.
Cyclyx International, LLC. ("Cyclyx") is a post-use plastic feedstock management
company working with industry participants to develop innovative recycling
solutions for all types of post-use plastics. The company's mission is to
increase the recycling rate of plastics from 10% to 90% by using Cyclyx's
expertise in understanding the chemical composition of post-use plastic in
collaboration with industry partners to create a new, innovative supply chain.
Cyclyx was founded by Agilyx Corporation ("Agilyx"), a leader in advanced
chemical recycling, together with ExxonMobil Chemical Company, one of the
largest chemical companies in the world. Cyclyx has been formed to be a
consortium-based entity and since its founding there have been a growing number
of companies joining its membership. For more information, visit us at
www.cyclyx.com.

About Reynolds Consumer ProductsReynolds Consumer Products (REYN: Nasdaq) is a leading provider of household
products that simplify daily life so you can enjoy what matters most. Our
Reynolds® and Hefty® brand products help make mealtime easier with preparation,
cooking, cleanup, and storage solutions. For more information, visit
ReynoldsConsumerProducts.com and HeftyEnergyBag.com. 

Contacts
Cyclyx
Kate Ringier
VP, Communications & Government Affairs
+41 78 822 7770
kate.ringier@agilyx.com

Reynolds Consumer ProductsHannah Wright
Hannah.wright@icrinc.com

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials (USD)
Sales 2021 3 551 M - -
Net income 2021 319 M - -
Net Debt 2021 1 936 M - -
P/E ratio 2021 19,9x
Yield 2021 3,03%
Capitalization 6 354 M 6 354 M -
EV / Sales 2021 2,33x
EV / Sales 2022 2,15x
Nbr of Employees 5 450
Free-Float 25,8%
Chart REYNOLDS CONSUMER PRODUCTS INC.
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Reynolds Consumer Products Inc. Technical Analysis Chart | REYN | US76171L1061 | MarketScreener
Technical analysis trends REYNOLDS CONSUMER PRODUCTS INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 10
Last Close Price 30,29 $
Average target price 33,10 $
Spread / Average Target 9,28%
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Managers and Directors
V. Lance Mitchell President, Chief Executive Officer & Director
Michael Graham Chief Financial Officer
Richard A. Noll Chairman
Marla C. Gottschalk Independent Director
Ann Elizabeth Ziegler Independent Director
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