Edgewell Personal Care Company · NYSE:EPC
Edgewell Personal Care — Goldman Sachs Global Staples Forum 2022
24 slides from Edgewell Personal Care's conference presentation, May 2022
Slide 1: Edgewell Personal Care
Edgewell Personal Care Goldman Sachs Global Staples Forum May 2022 Page 1 BOS 20201120 EPC investor day mate ...
Slide 2: Today's Speakers
Today’s Speakers Page 2 BOS 20201120 EPC investor day mate ...
Slide 3: Forward-looking statements
Forward-looking statements Please note that in this presentation we may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statement
Slide 4: Non-GAAP financial measures
Non-GAAP financial measures While the Company reports financial results in accordance with accounting principles generally accepted in the U.S. ("GAAP"), this discussion also includes non-GAAP measures. These non-GAAP measures are referred to as "adjusted" or "organic" and exclude items such as rest
Slide 5: Key Takeaways for Today
Key Takeaways for Today: • A clear and compelling portfolio strategy to drive sustained topline growth, and clear proof points of demonstrated progress on our transformation; •Navigating the challenging macro cost environment through both cost- saving, productivity efforts, and increased realization
Slide 6: Sustained Topline Growth and Strong Business Model
Sustained Topline Growth and Strong Business Model • PAGE 6
Slide 7: Portfolio Diversification Driving Sustained Topline Growth
Portfolio Diversification Driving Sustained Topline Growth Leading Share Positions in Strong Brands in Growing Categories Recovering Categories Page 7 BOS 20201120 EPC investor day mate ...
Slide 8: The Billie Acquisition
The Billie Acquisition • Frontline price 3.5x TTM revenue for the fastest growing women’s shave brand across US women’s shave – In Fiscal 2022, expected to add ~400bps of net sales growth – Delivered 500bps of growth in Q2, and reached a 20% market share at Walmart in the women’s shave category • St
Slide 9: A Balanced Portfolio for Sustainable Growth
A Balanced Portfolio for Sustainable Growth Total Right to Win Right to Play Edgewell Organic Net 10 – 15% Sales Growth Outlook +2-3% Growth Flat to -1% Note: Internal management estimates. Page 9 BOS 20201120 EPC investor day mate ...
Slide 10: Cost Excellence
Cost Excellence 2019 - 2021 2022 - 2023 $280M Realized ~$125M Projected Savings Savings • Enterprise-wide effort that delivered • Productivity and efficiency efforts continue ~$280M in gross savings over a three-year with new, $125M 2-year program period • SG&A focus on enhanced commercial • Program
Slide 11: Strong Cash Flow Generation
Strong Cash Flow Generation Page 11 BOS 20201120 EPC investor da ... 1-6 v3
Slide 12: A New Financial Algorithm
A New Financial Algorithm Leveraging clear Right to Win portfolio 2% - 3% Disciplined, prioritized investment cadence Organic Net Sales growth Consumer centric innovation at the core Strengthened gross margin profile 4% - 6% Next level cost reduction Adjusted EBITDA growth Investment stance towards
Slide 13: Proof Points of Progress
Proof Points of Progress • PAGE 13
Slide 14: In Recent Years, We Have Significantly Strengthened Capabilities
In Recent Years, We Have Significantly Strengthened Capabilities Demonstrated Cost Consumer Focused Enhanced Commercial Reduction Innovation Capabilities Page 14 BOS 20201120 EPC investor day mate ...
Slide 15: Commercial Fundamentals
Commercial Fundamentals Strong Innovation and Product Committed to Investment in Development Pipeline in 2022 our Brands Japan – Hydro Campaign Europe – Bulldog Billie Retail Launch US Dermaplaning Page 15 BOS 20201120 EPC investor day mate ...
Slide 16: Winning on Shelf Fueling Share Gains
Winning on Shelf Fueling Share Gains Improved Distribution Outcomes on Shelf Total EPC Share US gains US and Japan, our Top 2 Mkts EPC Share pt Change L13 W L52W Mens Systems (0.2) (1.2) Strengthening US Share Change Womens Systems 1.6 (0.6) Sun Care 3.2 0.6 Market Share Skin Care 26.8 25.0 Fem Care
Slide 17: Sustained Topline Growth
Sustained Topline Growth • In 2022, we have taken our full year organic growth outlook up, now expected to be ~4% Delivering Growth • Two year (+4%) and three year (+1%) stacked growth evidence of on Growth durable, sustainable growth profile • 2022 organic growth largely equally driven by North Ame
Slide 18: Fiscal 2022
Fiscal 2022 • PAGE 18
Slide 19: 2022: A More Challenging Macro Environment
2022: A More Challenging Macro Environment • Inflationary pressures continue to accelerate across the supply chain – a third round of cost pressure • We anticipate ~650bps of gross inflationary increases in F’22, ~250bps more than originally contemplated • We expect to partially mitigate these headw
Slide 20: Managing Inflationary Pressures
Managing Inflationary Pressures Drive Productivity Efficiencies Price Execution across Portfolio Further execution of our structural cost Category Pricing Executed Run Rate effective reduction and efficiency efforts across Men’s Branded Mid to high single digits Q3 COGS Women’s Branded Mid single di
Slide 21: Accelerating offsets to inflationary pressures
Accelerating offsets to inflationary pressures • Leveraging cost and revenue drivers to mitigate inflationary headwinds • Run rate structural offsets approaching ~400bps • Level of offsets stronger than leading competitors in Q2 Page 21 BOS 20201120 EPC investor day mate ...
Slide 22: Updated Outlook for Fiscal 2022
Updated Outlook for Fiscal 2022 Fiscal 2022 Outlook (1) Sustained topline growth across all segments and ~4% geographies above algorithm driven by price and Organic Net Sales growth volume gains • Increased A&P Spending ($) • Productivity and efficiency efforts driving ~200bps margin offsets Leverag
Slide 23: Continuing our Transformation
Continuing our Transformation Sustained Topline Growth Winning on Shelf Broadening Innovation Platform Investing in Improving Capital Growth Return Driving Productivity Savings Strong Capital Allocation Page 23 BOS 20201120 EPC investor day mate ...
Slide 24: Q&A
Q&A Page 24 BOS 20201120 EPC investor day mate ...
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