Fortune Brands Innovations, Inc. · NYSE:FBIN
Fortune Brands Innovations — Jefferies Industrials Conference 2025
24 slides from Fortune Brands Innovations's conference presentation, September 2025
Slide 1: Jefferies Industrials Conference
JEFFERIES INDUSTRIALS CONFERENCE SEPTEMBER 2025 All references to earnings per share, operating margin, operating income, EBITDA and EBITDA margin are on a before charges/gains basis
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements that are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include all s
Slide 3: Fortune Brands Innovations: A Brand, Innovation and Channel Leader
FORTUNE BRANDS INNOVATIONS: A BRAND, INNOVATION AND CHANNEL LEADER Operates in attractive categories: Powered by strong secular tailwinds WATER Connected Material Outdoor Luxury Safety & Sustainability Products Conversion Living Wellness OUTDOORS Leading brands across our segments SECURITY And drive
Slide 4: Fortune Brands Innovations at a Glance
FORTUNE BRANDS INNOVATIONS AT A GLANCE TOTAL COMPANY Net Sales Operating Income1 / Margin1 EBITDA1 / Margin1 FY 2024 $4.6 Billion $780.6 Million / 16.9% $955.9 Million / 20.7% WATER OUTDOORS SECURITY 2024 Net Sales 2024 Net Sales 2024 Net Sales $2,565 Million $1,350 Million $694 Million 2024 Operati
Slide 5: Diverse Global Footprint and Supply Chain Excellence
DIVERSE GLOBAL FOOTPRINT AND SUPPLY CHAIN EXCELLENCE Global company with large North American operational footprint and North American-focused supply chain Our Supply Chain • Leveraging our global scale to strengthen our business and continue to meet demand for our products • Investing in automation
Slide 6: Connected and Digital Products, a Supercharged Growth Opportunity
CONNECTED AND DIGITAL PRODUCTS, A SUPERCHARGED GROWTH OPPORTUNITY Large Market Opportunity • $100 billion potential market for smart safety & security and energy & water control by 20301 • We estimate $15 billion in insurance claims paid annually for water-related incidents2, of which a significant
Slide 7: Successfully Executing Multi-Year Transformation
SUCCESSFULLY EXECUTING MULTI-YEAR TRANSFORMATION Redefined the Portfolio Created Business Unit-Led Organization Accelerating Execution and Growth • Focused on high-growth segments • Supported by best-in-class Centers of • Simplified leadership structure with driven by brands and innovation Excellenc
Slide 8: Long-Term Outlook Remains Attractive
LONG-TERM OUTLOOK REMAINS ATTRACTIVE While consumer sentiment is impacting near-term demand, fundamentals point to pent-up demand. HOUSING UNDERBUILD 4.5 million as of 2022 1 AGED HOUSING STOCK 40 years Median age of owner-occupied housing 2 AGGREGATE HOME EQUITY $35 trillion 77% increase since 2019
Slide 9: Capital Allocation Priorities – Investing for Growth with Attractive Returns
CAPITAL ALLOCATION PRIORITIES – INVESTING FOR GROWTH WITH ATTRACTIVE RETURNS Capital Deployment • Brand, Innovation, and Channel investments ORGANIC 2011 – 2024 1 • Investments in digital factory and connected products GROWTH • High-returning CapEx investments 16% • Acute focus on supercharged categ
Slide 10: Strong Balance Sheet
STRONG BALANCE SHEET Balance Sheet ($M) As of June 28, 2025 • No Senior Notes maturities until 2029 Cash $235 • Weighted average interest rate on outstanding debt of 4.45% Senior Notes $2,175 Commercial Paper $637 • 78% of outstanding debt is fixed rate Total Debt $2,812 • Targeting net debt to EBIT
Slide 11: Second Quarter 2025 Highlights
SECOND QUARTER 2025 HIGHLIGHTS Water Outdoors Security Digital • Significantly outperformed • Launched Manifest • Launched “Master It” brand • We are on track to deliver core North American market Collective campaign significant year-over-year growth in 2025 • Moen won new business • Strength in The
Slide 12: Q2 2025: Solid Execution in a Dynamic Environment
Q2 2025: SOLID EXECUTION IN A DYNAMIC ENVIRONMENT Total Company Results Sales: $1.2 billion ↓ 3% Operating Margin1: 16.5% ↓ 90 bps Earnings Per Share1: $1.00 ↓ 14% Sales Excluding China1: ↓ 1% Operating Income1: $199.0 million ↓ 8% Water Outdoors Security Sales: $647 million ↓ 2% Sales: $379 million
Slide 13: Appendix
APPENDIX I N V E S T O R P R E S E N T A T I O N 13
Slide 14: Favorable Industry Dynamics for Therma-Tru
FAVORABLE INDUSTRY DYNAMICS FOR THERMA-TRU Background • The American Fiberglass Door Coalition filed an anti-dumping and countervailing duties petition with the Department of Commerce and International Trade Commission in March 2025 • Seeks to level the playing field relative to imported Chinese fib
Slide 15: Moen Brand Benefits from Consumer Trust
MOEN BRAND BENEFITS FROM CONSUMER TRUST I N V E S T O R P R E S E N T A T I O N 15
Slide 16: GAAP Operating Income to Operating Income Before Charges/Gains and Segment EBITDA
FORTUNE BRANDS INNOVATIONS, INC. GAAP OPERATING INCOME TO OPERATING INCOME BEFORE CHARGES/GAINS AND SEGMENT EBITDA BEFORE CHARGES/GAINS (In millions) (Unaudited) Fifty-Two Weeks Ended December 28, 2024 WATER Operating Income $ 595.1 Restructuring charges 5.9 Other charges/(gains) Cost of products so
Slide 17: GAAP Operating Margin to Operating Margin Before Charges/Gains and Segment EBITDA Margin
FORTUNE BRANDS INNOVATIONS, INC. GAAP OPERATING MARGIN TO OPERATING MARGIN BEFORE CHARGES/GAINS AND SEGMENT EBITDA MARGIN BEFORE CHARGES/GAINS (In millions) (Unaudited) Fifty-Two Weeks Ended December 28, 2024 WATER Operating margin 23.2% Restructuring charges 0.2% Other charges/(gains) Cost of produ
Slide 18: Net Sales Reconciliation of Income to EBITDA Before Charges/Gains
FORTUNE BRANDS INNOVATIONS, INC. NET SALES (In millions) (Unaudited) Fifty-Two Weeks Ended December 28, 2024 Net sales Water $ 2,564.6 Outdoors 1,350.1 Security 694.3 Total net sales $ 4,609.0 RECONCILIATION OF INCOME FROM CONTINUING OPERATIONS, NET OF TAX TO EBITDA BEFORE CHARGES/GAINS AND EBITDA M
Slide 19: GAAP Operating Income and Margin to Before Charges/Gains
FORTUNE BRANDS INNOVATIONS, INC. FORTUNE BRANDS INNOVATIONS, INC. GAAP OPERATING INCOME TO OPERATING GAAP OPERATING MARGIN TO OPERATING INCOME BEFORE CHARGES/GAINS MARGIN BEFORE CHARGES/GAINS (In millions) (Unaudited) (Unaudited) Thirteen Weeks Ended June 28, 2025 June 29, 2024 Change Thirteen Weeks
Slide 20: Reconciliation of Diluted EPS from Continuing Operations Before Charges/Gains
FORTUNE BRANDS INNOVATIONS, INC. RECONCILIATION OF DILUTED EPS FROM CONTINUING OPERATIONS BEFORE CHARGES/GAINS (Unaudited) For the thirteen weeks ended June 28, 2025, the diluted EPS before charges/(gains) is calculated as income from continuing operations on a diluted per- share basis, excluding $1
Slide 21: Reconciliation of GAAP Net Sales to Net Sales Excluding China Sales
FORTUNE BRANDS INNOVATIONS, INC. RECONCILIATION OF GAAP NET SALES TO NET SALES EXCLUDING THE IMPACT OF CHINA SALES (Unaudited) Net sales excluding the impact of China sales is net sales derived in accordance with GAAP excluding the impact of China sales. Management uses this measure to evaluate the
Slide 22: Calculation of Net Debt-to-EBITDA Before Charges/Gains Ratio
FORTUNE BRANDS INNOVATIONS, INC. CALCULATION OF NET DEBT-TO-EBITDA BEFORE CHARGES/GAINS RATIO (In millions) (Unaudited) As of June 28, 2025 Total debt * $ 2,812.3 Less: Cash and cash equivalents 234.7 Net debt (1) $ 2,577.6 For the fifty-two weeks ended June 28, 2025 EBITDA before charges/gains (2)
Slide 23: Definitions of Terms: Non-GAAP Measures
DEFINITIONS OF TERMS: NON-GAAP MEASURES a) Operating income (loss) before charges/gains is calculated as operating income derived in accordance with GAAP, excluding restructuring and other charges/gains. Operating income (loss) before charges/gains is a measure not derived in accordance with GAAP. M
Slide 24: Definitions of Terms: Non-GAAP Measures
DEFINITIONS OF TERMS: NON-GAAP MEASURES h) Consolidated EBITDA margin before charges/gains is calculated as income from continuing operations, net of tax in accordance with GAAP, excluding depreciation, amortization of intangible assets, restructuring and other charges/gains, interest expense and in
Fortune Brands Innovations — Jefferies Industrials Conference 2025 on 6ix