Energizer Holdings, Inc. · NYSE:ENR
Energizer — Q3 2025 Earnings Presentation
21 slides from Energizer's earnings presentation, Aug 4, 2025
Slide 1: Q3 Fiscal 2025 Earnings
Q3 Fiscal 2025 + Earnings August 4, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This document contains both historical and forward-looking statements. Forward-looking statements are not based on historical facts but instead reflect our expectations, estimates or projections concerning future results or events, including, without limitation, the future
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures The Company reports its financial results in accordance with accounting principles generally accepted in the U.S. ("GAAP"). However, management believes that certain non-GAAP financial measures provide users with additional meaningful comparisons to the corresponding hist
Slide 4: Our foundation is strong and we are confident in our ability to generate future earnings growth
Our foundation is strong and we are confident in our ability to generate future earnings growth Delivered a strong 3rd quarter – performance exceeded expectations even prior to benefit of production credits Positioned to fully offset earnings impact from tariffs Foundation is bolstered by ongoing pr
Slide 5: Financial Results
Financial + Results Q3 Fiscal 2025
Slide 6: Q3 Financials Q3'25 Actual
Q3 Financials Q3’25 ACTUAL (Reported August 2025) Net sales of $725.3M, +3.4% reported, +0.1% organic* Net Sales • Batteries & Lights Net sales +5.1% reported, +0.5% organic* • Auto Care Net sales -1.1% reported, -0.9% organic* Adjusted Gross Adjusted gross margin was 44.8%(1), up +330 basis points
Slide 7: Maintaining momentum in Batteries
Maintaining momentum in Batteries Grew Value & Volume Battery Category Acquired European Share in US Plastic Free Battery Business Transition Underway Source: Circana Total U.S. MULC+, 4/13 Weeks Ending Jun 29, 2025
Slide 8: Armor All Podium Series now in shelves in over 15,000 stores globally
Armor All® Podium Series now in shelves in over 15,000 stores globally 8
Slide 9: Optimizing capital allocation to generate the highest returns
Optimizing capital allocation to generate the highest returns Returned $84M to shareholders while maintaining leverage Dividends Share Repurchase $21.3 Million $62.6 Million Repurchased $27.1 Million subsequent to quarter end 4M total shares repurchased Maintaining FY’25 free cash flow outlook of 6%
Slide 10: Outlook
+ Outlook Fiscal 2025 & Q4
Slide 11: Increasing FY'25 Outlook
Increasing FY’25 Outlook Prior FY’25 Outlook Updated FY’25 Outlook (Provided May 2025) (Provided August 2025) +1% to +3% Reported Net Sales Flat to +2% Q4: +2% to +4% Flat to +2% Organic Net Sales Flat to +2% Q4: Down 2% to Flat +50bps Adjusted Gross Margin* +50bps Q4: Impacted by approximately $20M
Slide 12: Appendix Materials: Non-GAAP Reconciliations
Appendix Materials: Non-GAAP Reconciliations 12
Slide 13: Non-GAAP Reconciliation: Net Sales
Non-GAAP Reconciliation: Net Sales (in millions) Organic. This is the non-GAAP financial measurement of the change in revenue that excludes or otherwise adjusts for the change in hyperinflationary markets and impact of currency from the changes in foreign currency exchange rates as defined below: •
Slide 14: Non-GAAP Reconciliation: Adjusted Gross Margin
Non-GAAP Reconciliation: Adjusted Gross Margin (in millions) Adjusted gross margin as a percent of sales excludes any charges related to restructuring programs, network transition costs, acquisition and integration and FY23 & FY24 production credits. 14
Slide 15: Non-GAAP Reconciliation: Adjusted Earnings Per Share
Non-GAAP Reconciliation: Adjusted Earnings Per Share (in millions, except per share data) Adjusted Net Earnings and Adjusted Diluted Net Earnings Per Common Share (EPS). These measures exclude the impact of restructuring and related costs, network transition costs, the costs related to acquisition a
Slide 16: Non-GAAP Reconciliation: Adjusted EBITDA - June 30, 2025
Non-GAAP Reconciliation: Adjusted EBITDA - June 30, 2025 (in millions) EBITDA is defined as net earnings before income tax provision, interest, the loss on extinguishment of debt, and depreciation and amortization. Adjusted EBITDA further excludes the impact of the costs related to restructuring, ne
Slide 17: Non-GAAP Reconciliation: Adjusted EBITDA - Fiscal 2024 and 2023
Non-GAAP Reconciliation: Adjusted EBITDA - Fiscal 2024 and 2023 (in millions) EBITDA is defined as net earnings before income tax provision, interest, the loss on extinguishment of debt, and depreciation and amortization. Adjusted EBITDA further excludes the impact of the costs related to restructur
Slide 18: Non-GAAP Reconciliation: Adjusted EBITDA - Fiscal 2022
Non-GAAP Reconciliation: Adjusted EBITDA - Fiscal 2022 (in millions) EBITDA is defined as net earnings before income tax provision, interest, the loss on extinguishment of debt, and depreciation and amortization. Adjusted EBITDA further excludes the impact of the costs related to restructuring, acqu
Slide 19: Non-GAAP Reconciliation: Adjusted EBITDA - June 30, 2022
Non-GAAP Reconciliation: Adjusted EBITDA - June 30, 2022 (in millions) EBITDA is defined as net earnings before income tax provision, interest, the loss on extinguishment of debt, and depreciation and amortization. Adjusted EBITDA further excludes the impact of acquisition and integration costs, the
Slide 20: Non-GAAP Reconciliation: Net Debt and Net Leverage
Non-GAAP Reconciliation: Net Debt and Net Leverage (in millions) Net Debt is defined as total Company debt, less cash and cash equivalents. Net leverage is Net debt divided by the last twelve months Adjusted EBITDA. LTM is the last twelve months for June 30, 2025. 20
Slide 21: Non-GAAP Reconciliation: FY 2025 Outlook
Non-GAAP Reconciliation: FY 2025 Outlook (in millions – except per share data) 21