Spectrum Brands Holdings, Inc. · NYSE:SPB
Spectrum Brands — Q4 2025 Earnings Presentation
28 slides from Spectrum Brands's earnings presentation, Nov 13, 2025
Slide 1: Fiscal 2025 Fourth Quarter Earnings Call
Fiscal 2025 Fourth Quarter Earnings Call November 13, 2025
Slide 2: Introduction
• Introduction – Jen Schultz Division Vice President, FP&A and Investor Relations • CEO Overview – David Maura Chairman and Chief Executive Officer • Financial & Business Review – Faisal Qadir Chief Financial Officer • Q&A – David Maura and Faisal Qadir
Slide 3: Forward-looking Statements
Forward-looking Statements 3 We have made or implied certain forward-looking statements in this document. Statements or expectations regarding our business and M&A strategy, future free cash flows, tariffs, tariff impact and tariff mitigation efforts, future operations and operating model, financial
Slide 4: Non-GAAP Financial Measures
Non-GAAP Financial Measures 4 Our consolidated results contain non-GAAP metrics such as organic net sales, adjusted EBITDA, adjusted EBITDA margin, adjusted EPS and adjusted Free Cash Flow. While we believe organic net sales and adjusted EBITDA are useful supplemental information, such adjusted resu
Slide 5: CEO Overview
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ CEO Overview (pACKWOOn¢ . David Maura (Fie | ) SWEAT RESISTANT REPELS MosauITOES
Slide 6: FY25 Headlines
FY25 Headlines 6 Summary Navigated a challenging macroeconomic environment driven by trade policy uncertainty and volatility, impacting overall consumer sentiment Proactively addressed external pressures through supplier concessions, internal cost reductions, supply chain reconfiguration and diversi
Slide 7: Full Year 2025
Full Year 2025 7 KEY TAKEAWAYS Net Sales Adj. EBITDA • Organic net sales decrease in GPC and HPC due to category softness and supply -5.2% -22.2% constraints from pausing Chinese-sourced imports earlier in the fiscal year and unfavorable weather conditions in H&G • Adjusted EBITDA decrease driven by
Slide 8: FY26 Priorities
FY26 Priorities 8 • Remain cost competitive • Maintain healthy balance sheet • Embrace technological advances • Reduce complexity • Continue successful implementation of SAP S4/Hana • Drive innovation and accelerate market penetration • Elevate talent • Invest in development • Return to growth in GP
Slide 9: FY26 Earnings Framework
FY26 Earnings Framework 9 NET ADJUSTED ADJUSTED FREE SALES EBITDA CASH FLOW Flat to low single-digit Low single-digit growth to ~ 50% Adjusted EBITDA growth to prior year prior year Conversion Expect return to growth in GPC and Sales growth in GPC and H&G, H&G offset by anticipated decline in expens
Slide 10: Financial and Business Review
Financial and Business Review Faisal Qadir
Slide 11: Fourth Quarter 2025
Fourth Quarter 2025 11 KEY TAKEAWAYS Net Sales Adj. EBITDA • Organic net sales decrease in GPC and HPC due to supply constraints from -5.2% -8.0% pausing Chinese sourced imports in prior quarter and category softness offset by H&G sales growth with favorable shifts in seasonal sales • Adjusted EBITD
Slide 12: Fourth Quarter Financial Review
Fourth Quarter Financial Review 12 Interest Expense $1.2 vs. LY $0.6B $0.1B Debt outstanding Cash and cash equivalents Revolver Usage(1) $8M $492M Cash strategic transactions, restructuring, and other unusual, non-recurring items -$2.7M vs. LY Ended the period at 1.58x net leverage (1) In use revolv
Slide 13: Full Year 2025
Full Year 2025 13 KEY TAKEAWAYS Net Sales Adj. EBITDA • Organic net sales decrease in GPC and HPC due to category softness and supply -5.2% -22.2% constraints from pausing Chinese sourced imports earlier in the fiscal year and unfavorable weather conditions in H&G • Adjusted EBITDA decrease driven b
Slide 14: Fourth Quarter 2025 Global Pet Care
Fourth Quarter 2025 Global Pet Care 14 Net Sales Adj. EBITDA KEY TAKEAWAYS -1.5% 12.0% • Organic net sales decreased despite Companion Animal brand strength due to category softness, supply constraints from pausing Chinese imports earlier in the year and a strategic pull forward of orders in prior y
Slide 15: Fourth Quarter 2025 Home & Garden
Fourth Quarter 2025 Home & Garden 15 Fourth Quarter 2023 N e t S a l e s Adj. EBITDA KEY TAKEAWAYS Home & Garden 3.2% -11.1% • Organic net sales increased due to a delayed start to the season that favorably impacted net sales this quarter. • Adjusted EBITDA decreased driven by unfavorable mix, infla
Slide 16: Fourth Quarter 2025 Home & Personal Care
Fourth Quarter 2025 Home & Personal Care 16 Net Sales Adj. EBITDA KEY TAKEAWAYS -11.9% -17.4% • Organic net sales decreased driven by category softness in the US and EMEA negatively impacting both Home Appliances and Personal Care, and supply shortages from pausing Chinese imports in prior quarter.
Slide 17: FY26 Earnings Framework
FY26 Earnings Framework 17 NET ADJUSTED ADJUSTED FREE SALES EBITDA CASH FLOW Flat to low single-digit Low single-digit growth to ~ 50% Adjusted EBITDA growth to prior year prior year Conversion Expect return to growth in GPC and Sales growth in GPC and H&G, H&G offset by anticipated decline in expen
Slide 18: FY26 Full Year Expectations
FY26 Full Year Expectations 18 Cash Taxes Cash Transactions CAPEX D&A $40M - $50M $25M - $35M $50M - $60M $115M - $125M Cash Payments of Cash Taxes Restructuring, Optimization Capital Expenditures Depreciation and and Strategic Initiatives Amortization
Slide 19: CEO Takeaways
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ CEO Takeaways (pACKWOOn¢ . David Maura (Fie | ) SWEAT RESISTANT REPELS MosauITOES
Slide 20: CEO Key Takeaways
CEO Key Takeaways 20 CHALLENGING FY25 • Vo l a t i l e Tr a d e P o l i c y l a n d s c a p e , c o n s t r a i n e d consumer 1 • To o k d e c i s i v e a c t i o n s t o p r o t e c t l o n g t e r m h e a l t h • M a n a g e d t h e b u s i n e s s t o m a x i m i z e c a s h f l o w, exceeded ou
Slide 21: Appendix
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ Appendix SWEAT ] RESISTANT REPELS MosauITOES
Slide 22: Condensed Consolidated Statements of Income
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ ‘SPECTRUM BRANDS HOLDINGS, INC. ‘CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) _Theoe Month Periods Ended Year Ended {in miions, except per share amounts) September 30,2025 September 30,2024 September 30, 2025 September 30, 2024 ‘Net sales 3 7
Slide 23: Condensed Consolidated Statements of Cash Flow
SPECTRUM BRANDS HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) {in millions) 2025 2024 Cash flows from operating activities Net cash provided by operating a ’s from continuing operations 204.1 $ 269.8 ‘Net cash used by operating activities from discontinued operations (107
Slide 24: Condensed Consolidated Statements of Financial Position
‘SPECTRUM BRANDS HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) illions) 2025 2028 ‘Assets Cash and cash equivalents 1236 $ 368.9 Trade receivables, net 521.7 635.4 Other receivables 50.9 70.7 Inventories 446.1 462.1 Prepaid expenses and other current assets 419 a
Slide 25: Other Supplemental Information: Net Sales and Organic Net Sales
SPECTRUM BRANDS HOLDINGS, INC. OTHER SUPPLEMENTAL INFORMATION (Unaudited) NET SALES AND ORGANIC NET SALES The following is a summary of net sales by segment for the three month periods and years ended September 30, 2025 and September 30, 2024. ‘Three Month Periods Ended Year Ended September Septembe
Slide 26: Adjusted EBITDA and Adjusted EBITDA Margin
‘SPECTRUM BRANDS HOLDINGS, INC. (OTHER SUPPLEMENTAL INFORMATION (Unaudited) ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN ‘The following is a reconciliation of reported net income from continuing operations to adjusted EBITDA and adjusted EBITDA margin for the three month periods and years ended Septem
Slide 27: Adjusted Diluted EPS
‘SPECTRUM BRANDS HOLDINGS, INC. OTHER SUPPLEMENTAL INFORMATION (Unaudited) ADJUSTED DILUTED EPS The following is a reconciliation of reported diluted EPS from continuing operations to adjusted diluted EPS from continuing, ‘operations for the three month periods and years ended September 30, 2025 and
Slide 28: Adjusted Free Cash Flow
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ SPECTRUM BRANDS HOLDINGS, INC. OTHER SUPPLEMENTAL INFORMATION (Unaudited) ADJUSTED FREE CASH FLOW The following is a reconciliation of reported operating cash flow from continuing operations to adjusted free cash flow for the years ended September 30, 2
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