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  "presentationDate": "2022-11-01 00:00:00",
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  "notes": "The slide uses two waterfall charts to explain EBITDA variance. The left chart focuses on the 1Q22-1Q23 period, while the right chart focuses on the FY2022-FY2023 period.",
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      "text": "Adj. EBITDA decremental margins primarily impacted by significant volume declines from channel inventory recalibration and resulting under-utilization. Partially offset by carryover pricing",
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      "text": "As volumes and utilization headwinds normalize, we expect carryover pricing and increasing benefits from higher recycling rates and sourcing in the second half of the year",
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      "text": "Note: Reflects management estimates and assumptions. Directional perspective (not exact scaling) assuming fiscal 1Q23 guidance and FY2023 planning assumptions. (1) All Other includes impact from update in Inventory Valuation process, the lapping of PY one-time lower incentive compensation and other expenses.",
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