Central Garden & Pet Company · NASDAQ:CENT
Central Garden & Pet — Investor Presentation (February 2026)
99 slides from Central Garden & Pet's investor presentation, February 2026
Slide 1: Introduction to Central
Introduction to Central February 2026
Slide 2: Agenda
Agenda Central and Our Central to Home Strategy Pet Business Garden Business Central Impact People and Culture Financial Overview Summary 2025 Introduction to Central 2
Slide 3: Forward-Looking Statements
Forward-Looking Statements This presentation includes “forward-looking statements.” Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, plans or intentions relat ing to acquisitions, o
Slide 4: Central and Our Central to Home Strategy
Central and Our Central to Home Strategy
Slide 5: Key Takeaways
Pet & garden are highly attractive, resilient growth industries Key Our long-term strategy sets a bold ambition for the future Takeaways Central is an industry leader with a strong foundation and significant untapped potential We are positioned to deliver meaningful long-term shareholder value 2025
Slide 6: Central – A Scaled Leader Across Pet and Lawn & Garden
Central – A Scaled Leader Across Pet and Lawn & Garden Category leader in pet and lawn & garden FY25 Sales by Segment One of the largest platforms in both industries Garden Diversified, premium brand portfolio 42% Pet 58% 60+ high quality brands across leading categories Strong domestic scale $3.1B
Slide 7: Pet is an Attractive Growing Industry
Large Market $158B Industry Pet is an Attractive Growing Growing Industry & Resilient Low Single-digit Growth Broad Consumer Over 90% Household Penetration1) Base Strong Tailwinds Aligned with Consumer Trends 2025 Introduction to Central 1) Pet Supplies Household Penetration 77
Slide 8: Favorable Pet Industry Trends
Favorable Pet Industry Trends Pet Populations Premium Influence Retail Evolution Invested in Health Pets are Health Growing Millennial/Gen Z High-spending households Accelerating hybrid shopping Longer pet lifespans increase Over 60% say pets support homeownership expands drive premium trends with b
Slide 9: Large Pet Household Penetration
Households Buying Number of Pet Pet Supplies Owning Households (in millions) (in percent of all households) 51% 51% Large Pet 2023 2025 108.6 108.6 Household 38% 38% 106.2 Penetration 104.2 105.3 24% 24% 103.2 15% 14% Long-term growth is driven by durable consumer trends Nov '20 Nov '21 Nov '22 Nov
Slide 10: Garden is an Attractive Industry
Large Market $33B Industry Garden is an Resilient Low Single-digit Growth Attractive Industry Industry Broad Consumer Over 86% Household Engagement1) Base High Consumer Strong Retention & Loyalty Engagement 2025 Introduction to Central 1) Numerator through 12/30/2024 10
Slide 11: Strong Garden Industry Trends
Strong Garden Industry Trends Sustainability Convenience Demographics eCommerce Urbanization 66% of Gardeners1) feel it is Growth of ready-to-use Gen Z and Millennials Emerging home and garden Growth of suburban homes important to use products and smaller are driving category eCommerce is growing wi
Slide 12: Significant and Growing Lawn & Garden Household Participation
122M +3% Household penetration Significant and Estimated number of households engaged in gardening 84.0 Growing 81.0 Lawn & Garden Household Participation +6% new households entering the category in 2025 vs PY 2023 2024 2025 Introduction to Central National Gardening Survey 2025 12
Slide 13: Central has a Strong Foundation for Sustainable Growth
Central has a Strong Foundation for Sustainable Growth Proven track Strong relationships with record of M&A retailers built over 45 years 3 4 Consistent financial Superior manufacturing performance 2 5 and distribution network Leading brand portfolio Experienced leadership across key pet 1 6 team su
Slide 14: Broad, Diversified Portfolio across Pet and Garden
Garden #2 Controls Grass Seed Packet Seed Lawn & Garden Wild Bird Consumables Fertilizer Live Plants Broad, Growing Media & Mulch Diversified Pet Portfolio across #2 Dog & Cat Supplies Dog Treats & Chews Pet and Garden Pet Supplies (ex- Dog & Cat Food, Aquatics Supplies Small Animal Supplies Cat Lit
Slide 15: Leading Brands across Attractive Segments
Pet Garden Professional #1 in Wild Bird #3 in Dog Toys #2 in Small Animal #1 Farm Insect Leading Brands Control across Attractive #1 in Packet Seed Segments #1 in Pet Bird #1 in Suet #1 Municipal Mosquito Control #2 in Grass Seed #2 in Aquatics #2 in Fly Control #3 in Controls #5 in Reptile #2 in Ca
Slide 16: Fiscal 2025 Financial Results
Net Non-GAAP Sales Operating Income1) Fiscal 2025 $3.1B $265MM Financial Results (2)% +19% Non-GAAP EPS 1) Cash & Cash Equiv. $2.73 $882MM +$0.60 +128MM 2025 Introduction to Central 16
Slide 17: Proven Track Record of M&A
Proven Track Record of M&A 60+ Acquisitions over the last 40 years 2025 Introduction to Central 17
Slide 18: Deep, Long-standing Retail Partnerships
Deep, Long-standing Retail Partnerships • 45 years of strong partnership with top-tier retailers • Strong joint business planning • Private label producer for many retailers in key categories • Growing leadership in eCommerce 2025 Introduction to Central 18
Slide 19: Superior Manufacturing & Fulfillment Network
Superior Manufacturing & Fulfillment Network Large national footprint Strong fulfillment Low-cost with sales, manufacturing capabilities in producer across and logistics sites pet and garden several categories 2025 Introduction to Central 19
Slide 20: Strong & Experienced Leadership Team
Niko Lahanas Brad Smith John Hanson J.D. Walker CEO CFO President, Pet President, Garden Consumer Products Consumer Products Strong & Consumer 18 years 19 years 33 years 43 years Central 18 years 7 years 5 years 14 years Experienced Leadership Team Glen Axelrod Dan Pennington Apur Patel Marilyn Leah
Slide 21: Thank You Team CENTRAL!
Thank You Team CENTRAL! 2025 Introduction to Central 21
Slide 22: Our foundation is strong and our future is bright
Our foundation is strong and our future is bright
Slide 23: Our New Purpose & Mission
Our Nurture happy and healthy homes Our New Purpose Purpose & Mission Lead the future of the garden and Our pet industries... one blade of grass Mission and one wagging tail at a time 2025 Introduction to Central 23
Slide 24: Our Identity
Our Identity Home is central to life, we are central to home 2025 Introduction to Central 24
Slide 25: Our Long-Term Strategy
Our Long-Term Strategy CONSUMER CUSTOMER CENTRAL COST CULTURE Build and grow brands Win with winning Fortify the Central Reduce Cost to Balance our Consumers love Customers and Portfolio improve margins and entrepreneurial, BU-led, Channels fuel growth growth Culture 2025 Introduction to Central 25
Slide 26: Consumer
Deeply understand our consumer's needs and expectations Develop winning brands, CONSUMER products and platforms Invest in demand creation to accelerate Build & grow brands organic growth Consumers love 2025 Introduction to Central
Slide 27: Innovating for Growth
CONSUMER • EPA approved long-lasting and highly effective fly control for horses • Shipping as of early February Innovating • Initial customer feedback has been highly positive for Growth • Powerful 30% vinegar cleaner for tough messes – much stronger than household cleaner • Pure plant-based, biode
Slide 28: Investing in Digital Marketing
CONSUMER “Monster Bug” campaign Results • Generated 26M+ impressions Investing in • Achieved 60,000+ landing page visits • Increased product adoption Digital Marketing “Red Rocks” campaign Results • Brand recognition increased from 8% to 15% • Totaling over 800K impressions to date • Increased avera
Slide 29: Customer
Build a leading eCommerce platform CUSTOMER Strengthen relationships with winning customers Quickly adapt and respond Win with winning to channel shifts Customers & Channels 2025 Introduction to Central 29
Slide 30: Build a Leading eCommerce Platform
CUSTOMER Build a Leading eCommerce Platform Developing Winning Capabilities Activation Assortment ~18% +2% of total business in 2025 eCommerce fiscal 2025 Net Sales growth Availability Content ~27% eCommerce Flywheel of Pet business HSD% Top10 Search of Garden business Customers for in fiscal 2025 C
Slide 31: Central
Invest in core and adjacent categories where we have a right to win Exit underperforming and non- core businesses CENTRAL Ensure a responsible and sustainable future Fortify the Central Accelerate the transition to a Portfolio fully digital organization Pennington - Habitat for Humanity 2025 Introdu
Slide 32: M&A Remains a Growth Driver
CENTRAL M&A Remains a Growth Driver Our M&A Priorities Preferred acquirer in our industries 1 Build scale in core categories • Track record of M&A success • Focused on maintaining entrepreneurial led culture 2 Enter priority adjacencies • Immediate distribution and supply chain scale benefits 3 Enha
Slide 33: Strengthening the Portfolio with Focus on Sustainability
CENTRAL Strengthening the Portfolio with Focus on Sustainability Protecting our Planet Cultivating our Communities Empowering our Employees 2025 Introduction to Central 33
Slide 34: Cost
Simplify operations through continuous improvement and net productivity Capture scale and collaboration benefits across BUs COST Improve cash conversion cycle Reduce Costs to improve margins & fuel growth 2025 Introduction to Central 34
Slide 35: Focus on Cost & Cash While Fueling Long-Term Growth
COST Focus on Cost & Cash Control Enhance While Fueling Cost Efficiency Long-Term Growth Leverage Simplify Scale Operations 2025 Introduction to Central 35
Slide 36: Culture
Recruit, recognize, and retain high-performing individuals Build a diverse, collaborative, data-driven, knowledge-based learning organization CULTURE Make Central a great place to work where employees can thrive, continually develop, and Balance our entrepreneurial, have fun BU-led, growth Culture 2
Slide 37: Maintain our Winning Growth Culture
CULTURE 1 Nurture our Maintain our Entrepreneurial 6 Spirit 2 Winning Growth Leverage our Collective Invest in Growth Culture Expertise to Win Capabilities 5 3 Live our Values to Promote an Agile Support our and Flexible Growth Ambition 4 Approach Increase External Focus and Consumer Orientation 202
Slide 38: Committed to Driving Results
Committed to Driving Results Be the Build a Portfolio Deliver Strong Destination of Market Leading Financial for Top Talent Brands Performance 2025 Introduction to Central 38
Slide 39: Pet Business
Pet Business 2025 Introduction to Central
Slide 40: Pet is a Dynamic Growth Industry
Central participates in ~$40B Strong demographic and behavioral tailwinds of $158B Pet industry $14B $1B Dog & Cat Treats Live Pets & Fish Fragmented competitive Pet is a Dynamic $25B $57B set across categories Growth Industry Pet Supplies Pet Dog & Cat Food Industry Revenue Broad distribution acros
Slide 41: Central is a Leader in the Pet Segment
Net sales of Consumer & ~80% Branded & professional $1.8B businesses with Private Label ~20% Distribution in FY 2025 leading brands Central is a Leader in the Pet Segment Solid 2025 performance in a dynamic operating environment 12.5% 27% Non-GAAP eCommerce Operating Margin of Pet Sales 2025 Introdu
Slide 42: Leading Portfolio of Brands and Private Label
Leading Portfolio Our Leadership Positions of Brands and Categories Leading brands Private Label #3 #4 #2 Dog & Cat Dog Chew Toys #2 in Dog Pads Calming Products #2 Aquatics Aquatics #2 Small Animal Small Animal #1 #1 Bird Pet Bird Suet #5 Reptile Reptile #2 Equine Fly Controls Live Pets #1 (ex-Dog
Slide 43: Innovation Expands our Industry Leadership
CONSUMER Innovation Expands our Industry Leadership Botanicals Flea & Power Chew Pack Tick Spray “Best Flea & Tick Solution: 2025” 2025 AmeriStar by LUXlife Magazine Award for the sustainable design “Flea & Tick Product of the Year” of the Power Chew 2025 Pet Innovation Award packaging 2025 Introduc
Slide 44: Investing in Demand Creation
CONSUMER “All About the Little Things” Marketing Campaign Digital, social media, Investing in including Video Demand Creation Driving brand awareness, click- through rate and conversion +160 bpts Category share growth* 2025 Introduction to Central *Time Jun-Sep 2025, L4weeks in Nielsen through 11/29
Slide 45: Positioned to Win Every Channel
CUSTOMER Positioned to Win Every Channel • Leading category insights and solutions to drive industry growth • Strong relationships across customers and channels • Growing strength in eCommerce • Tenured Pet industry sales leadership 2025 Introduction to Central 45
Slide 46: Winning in eCommerce
CUSTOMER Winning in eCommerce Solid 2025 Results* ~27% of Pet Sales Gaining Share in many categories 2025 Introduction to Central *organic (including TDBBS, including 53rd week in FY23) 46
Slide 47: Pet Distribution Generates Competitive Advantage
CUSTOMER ~18% Largest of Pet Pet Distribution revenue Assortment of supplies in Pet distribution with over 30,000 SKUs Generates Competitive Our Portfolio Who We Serve Third-Party Brands Advantage ~80% ~20% 10,000+ 5,600+ Retailer locations Vet clinics Competitive Advantages • Insight into leading c
Slide 48: Professional Business
Professional Business • $1.4B U.S. insect controls market incl. flea, fly, tick, ant, mosquito, roach, grain pests and bed bugs • S-Methoprene is the “core” of insect growth regulators (IGR’s) • Central acquired S-Methoprene as part of the 1997 Wellmark acquisition • Low-cost producer of S-Methopren
Slide 49: Professional Business - Verticals
Professional Business - Verticals Pest Control Farm & Ranch Livestock Prof. Agriculture Mosquito Control Market Size $320MM $80MM $210MM $35MM $75MM Customers • Pest control • Agri-/horticulture • Livestock feed • Agri-/horticulture • Pest control distribution distribution manufacturers distribution
Slide 50: Professional Business - Capabilities
Professional Business - Capabilities • Delivering value-added solutions while building scale with key customers • 450+ EPA registrations, 200+ state registrations, and 1,000+ sub-registrations from key partners Formulation Regulatory Marketing Flea, Fly, Tick, Ant, Mosquito, Roach, Grain pests, Bed
Slide 51: Professional Business - Manufacturing Capabilities
Professional Business - Manufacturing Capabilities Manufacturing facilities in Dallas, TX and Council Bluffs, IA Methoprene synthesis Flea and tick collar injection molding Dry product mixing and blending Thermoform and fill Liquid formulation and filling Diverse analytical capability 51
Slide 52: Our Professional Business Powers Pet and Garden Products
Our Professional Business Powers Pet and Garden Products Professional Equine Health & Wellness Controls Kaffeeklatsc Kaffeeklatsc h am h am Sonntag im Sonntag im Salesforce Salesforce Park Park 52
Slide 53: Generating Savings to Fuel Growth
COST Rightsizing Footprint Scaling Strong Businesses • Consolidated locations • Acquired Champion USA (Dec. 2025) Generating Savings to Fuel Growth Controlling Costs Optimizing Portfolio • Turned inventory into cash • SKU rationalization • Exit of low margin UK business 2025 Introduction to Central
Slide 54: Pet Business Key Takeaways
Pet is a dynamic industry with strong consumer tailwinds Pet Business Central is a strong leader in the pet industry with untapped growth potential Key Takeaways: We are executing effectively in a dynamic operating environment We have a bold, consumer-centric growth strategy supported by clear execu
Slide 55: Garden Business
Garden Business 2025 Introduction to Central
Slide 56: Garden is an Attractive Industry
Central participates in ~$32B High-impact seasonal peak, of $33B Lawn & Garden ~2/3 of sales concentrated in Q2-Q3 Consumables Industry Grass & Mulch Garden is an Growing Other Seed $2B $1B Scaled national distribution, anchored by leading home Attractive Media/Soil $3B centers and mass retailers In
Slide 57: Central is a Leader in the Garden Segment
Net sales of >70% ~80% Brands & $1.3B Sales from Private Label ~20% Distribution in FY 2025 Top 3 customers Central is a Leader in the Garden Segment Solid 2025 performance in a dynamic operating environment 11.1% Strong Non-GAAP eCommerce Operating Margin POS growth 2025 Introduction to Central 57
Slide 58: Leading Portfolio of Brands and Private Label
Our Leadership Positions Categories Position Leading brands Wild Bird #1 Leading Portfolio Packet Seed #1 of Brands and Private Label Grass Seed #2 Controls #3 Live Plants #3 2025 Introduction to Central Number 3 Grower of Live Plants 58
Slide 59: Garden Distribution Advantage
Garden Distribution Exclusive 5 ~18% Distributor Full-line DCs Advantage of Garden edffeererk revenue of Lawn & Garden Supplies to the providing national footprint and Top 3 Retailers coverage Competitive Advantages • Valued partner for largest three retailers and select national accounts • Strength
Slide 60: Building Brands Consumers Love
CONSUMER Grass Seed Wild Bird Fertilizer Building Brands Consumers Love +38% +47% +147% Sales at Top 3 Sales at Top 3 Sales at Top 3 2025 vs. 2020 2025 vs. 2020 2025 vs. 2020 2025 Introduction to Central 60
Slide 61: Building and Growing Winning Innovation
CONSUMER Building and Growing Winning Innovation Brand Building Brand Redesign HSD POS $ growth Expanded into in the category mulch glue in a year where category with all category new mulch glue contracted 2025 Introduction to Central *excluding Wild Bird, 1H FY24 ** 1H FY24 61
Slide 62: Positioned to Win Every Channel
CUSTOMER Winning at the Big 3 Winning at the Big 3 • Outstanding customer relationships • Outstanding customer relationships • Tenured Sales team with deep Lawn & Garden expertise • Tenured sales team with deep Lawn & Garden expertise • Leveraging our unique portfolio and consumer insights •toLevera
Slide 63: Generating Savings to Fuel Growth
COST Rightsizing Footprint Streamlining Operations • Consolidated fulfilment centers • Consolidated and closed several and external storage into new live plants facilities Generating DC in Salt Lake City Savings to Fuel Growth Controlling Costs Optimizing Portfolio • Turned inventory into cash • SKU
Slide 64: Garden Business Key Takeaways
Garden is a resilient industry with a broad base of loyal consumers Garden Business Central is a strong leader in the garden industry with untapped growth potential Key Takeaways: We are executing well in a challenging environment We have a bold, consumer-centric growth strategy and a clear path for
Slide 65: Central Impact
Central Impact F CENTRAL GARDEN & PET
Slide 66: Sustainability is Integral to Our Long-Term Strategy
Sustainability is Integral to Our Long-Term Strategy Grounded in our Important to our Integrated within Critical to our purpose to nurture long-term our growth mission to lead the happy and healthy profitability strategy future of the garden homes and pet industries 2025 Introduction to Central 66
Slide 67: Our Central Impact Strategy has three priorities and 10 focus areas
Our Central Impact Strategy has three priorities and 10 focus areas Protecting our Cultivating our Empowering our Planet Communities Employees Energy & Philanthropy Health & Greenhouse Gases Safety Employee Water Inclusion & Volunteering Belonging Waste Product Learning & Stewardship Development Bio
Slide 68: Protecting our Planet
2023 Highlights 33 million pounds of recycled materials in our Kaytee small animal bedding Protecting our Our Goals Protect our Planet by Embedding 19 metric tons of GHG saved Planet Sustainability in our Processes and Products compressing Wee-Wee training pads during transport Our Focus Areas 100 m
Slide 69: Cultivating our Communities
2023 Highlights $1.5MM in monetary and product donations Community Our Goal Cultivate our Communities by Health Giving Back and Providing Better Products Our Focus Areas • Philanthropy • Employee Volunteering • Product Stewardship 2025 Introduction to Central 69
Slide 70: Empower our Employees
2023 Highlights Empower our Our Goal 10 Percent reduction in Empower our Employees by safety incidents on Employees Providing a Safe and Inclusive Workplace average over the last four years Our Focus Areas • Health & Safety 400 educational courses taken by our employees • Inclusion & Belonging • Lea
Slide 71: People & Culture
People & Culture F CENTRAL GARDEN & PET
Slide 72: Our People
Our People Passionate Engaged Broad Domestic Deep Experience Employee Base Footprint & Expertise 6,000 employees Domestic offices, manufacturing 6+ years Average tenure primarily in North America plants and fulfillment centers of Hourly FTEs Additional locations in Mexico, 11+ years Average tenure C
Slide 73: Building Central as a Great Place to Work
Building Central as a Great Place to Work Develop, recruit & Build winning Embrace retain top talent capabilities inclusion & belonging 2025 Introduction to Central 73
Slide 74: Develop, Recruit & Retain Top Talent
Strong succession & talent management planning with focus on critical roles Develop, Targeted external hires to complement internal talent Recruit & Retain Top Talent Extended leadership community Robust development & career planning 2025 Introduction to Central 74
Slide 75: Internal Promotions and External Hires
External Hires to Complement Internal Talent 40+ Internal promotions to 5+ External hires in director director and above roles in the past and above roles in the past year year - Finance - Finance - Supply Chain - Marketing - Sales & Marketing - Supply Chain - Human Resources - In several business u
Slide 76: Building Winning Capabilities
Building Winning Capabilities Marketing eCommerce Data & Analytics Consumer Insights Omni-Channel Expansion Business performance Brand Building Supply Chain Fulfillment Marketing, Sales & eCommerce Innovation Direct to Consumer Supply chain 2025 Introduction to Central 76
Slide 77: Embracing Inclusion & Belonging
Mentorship • Mentorship Program and education subsidies to build a strong pipeline of Embracing 35% future leaders Leadership Development Inclusion Of leadership positions* held • Inclusive Leadership embedded in our leadership development programs & Belonging by women Recruiting • Recruiters/hiring
Slide 78: Financial Overview
Financial Overview F CENTRAL GARDEN & PET
Slide 79: Solid FY25 Performance - GAAP
2 Solid FY25 Performance - GAAP Net Sales Gross Margin Operating Income EPS (in $ millions) (as a percentage of Net Sales) (in $ millions) (in $) (2)% +240bps +35% +$0.93 2025 Introduction to Central 79
Slide 80: Solid FY25 Performance - Non-GAAP
Solid FY25 Performance - Non-GAAP Net Sales Non-GAAP Non-GAAP Non-GAAP EPS (in $ millions) Gross Margin Operating Income (in $) (as a percentage of Net Sales) (in $ millions) (2)% +210bps +19% +$0.60 2025 Introduction to Central 80
Slide 81: Our Metrics Accelerated Over The Last Five Years
Net Sales Non-GAAP Gross Profit & Margin(1) (in $ millions) (in $ millions) 3,339 971 992 957 960 1,004 3,304 3,310 Our Metrics 3,200 3,129 Accelerated 29.4% 29.7% 28.9% 30.0% 32.1% Over The Last FY21 FY22 Non-GAAP FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Adj. EBITDA & Margin(1) Five Years Operating
Slide 82: Strong Financial Metrics
Strong Financial Metrics Cash & Cash Equivalents Cash Flow from Operations (in $ millions) (in $ millions) 882 754 382 395 333 489 426 251 177 FY21 FY22 FY23 FY24 FY25 -34 FY21 FY22 FY23 FY24 FY25 2025 Introduction to Central 82
Slide 83: Financial Resilience
Financial Resilience Gross Leverage 3.1x 3.1x • Strong and resilient balance sheet 3.0x • Refinanced debt at lower rates 2.9x • Future leverage target of 3-3.5x, 2.8x willing to go higher for the right target, then quickly de-lever • Reach investment grade rating FY21 FY22 FY23 FY 24 FY 25 2025 Intr
Slide 84: Multi-year Journey to Reduce Cost and Simplify our Business
Multi-year Journey to Reduce Cost and Simplify our Business PRINCIPLES FOCUS AREAS OUTCOMES Significantly reduced complexity: Procurement fewer SKUs, fewer plants, fewer Simplify our business, focus distribution centers our portfolio and supply chain Manufacturing Improve our efficiency across Lower
Slide 85: Capital Allocation Priorities
Invest for Growth Share repurchases • Expand capacity and increase • Opportunistic and programmatic automation share repurchases Capital • Selectively invest in brand building, ecommerce, digital marketing, Allocation consumer insights Priorities Targeted M&A Debt Repayment • Build scale, fill white
Slide 86: Long-Term Algorithm for Profitable Growth
Long-Term Algorithm for Profitable Growth Organic Net Sales Operating Income Earnings per Share Outlook: Outlook: Outlook: LSD MSD MSD-HSD Grow at or above category average Grow faster than Net Sales Grow faster than Operating Income Drivers: Drivers: Drivers: Strengthened capabilities and increased
Slide 87: Share Class Structure: CENT, CENTA, and CENTB
Share Class Structure: CENT, CENTA, and CENTB • All three share classes represent the same economic ownership in Central Garden & Pet • Differences relate only to voting rights and liquidity, not financial returns • CENTB shares are not publicly traded and are primarily held by founders and insiders
Slide 88: Key Takeaways: Financial Overview
Robust financial performance Fortress balance sheet and strong cash generation Key Takeaways: Opportunities to expand margins Financial Overview and fuel growth Proven track record of M&A Long-term strategy designed to drive shareholder returns 2025 Introduction to Central 88
Slide 89: Summary
Summary F CENTRAL GARDEN & PET
Slide 90: Long-term Strategy
OUR PURPOSE Nurture happy and healthy homes Long-term OUR MISSION Strategy Lead the future of the garden and pet industries… one blade of grass and one wagging tail at a time OUR STRATEGIES CONSUMER CUSTOMER CENTRAL COST CULTURE Build and grow brands Win with winning Fortify the Reduce Cost to impro
Slide 91: Recap: Key Takeaways
Pet & garden are highly attractive, resilient growth industries Recap: Our long-term strategy sets a bold ambition for the future Key Takeaways Central is an industry leader with a strong foundation and significant untapped potential We are positioned to deliver meaningful long-term shareholder valu
Slide 92: Please reach out to us with any comments or questions
Please reach out to us with any comments or questions: IR@Central.com (925) 948-4657
Slide 93: Appendix
F CENTRAL GARDEN & PET
Slide 94: Use of Non-GAAP Financial Measure
Use of Non-GAAP Financial Measure We report our financial results in accordance with GAAP. However, to supplement the financial results prepared in accordance with GAAP, we use non-GAAP financial measures including non-GAAP net income and diluted net income per share, non-GAAP operating income, non-
Slide 95: Use of Non-GAAP Financial Measure
Use of Non-GAAP Financial Measure From time to time in the future, there may be other items that we may exclude if we believe that doing so is consistent with the goal of providing useful information to investors and management. We have not provided a reconciliation of non-GAAP measures to the corre
Slide 96: GAAP to Non-GAAP Reconciliation for the Fiscal Year Ended
GAAP to Non-GAAP Reconciliation for the Fiscal Year Ended (in thousands, except for per share amounts) Net Income & Diluted Net Income Per Share Reconciliation September 27, 2025 September 28, 2024 GAAP net income attributable to Central Garden & Pet Company $ 162,843 $ 107,983 Facility closures & b
Slide 97: GAAP to Non-GAAP Reconciliation for the Fiscal Quarter Ended
GAAP to Non-GAAP Reconciliation for the Fiscal Quarter Ended (in thousands) Operating Income Reconciliation Pet Segment Operating Income Reconciliation September 27, 2025 September 27, 2025 September 28, 2024 GAAP operating income $ 27,618 $ 14,310 GAAP Adjustments(1)(2) Non-GAAP Facility closures (
Slide 98: GAAP to Non-GAAP Reconciliation for the Fiscal Year Ended
GAAP to Non-GAAP Reconciliation for the Fiscal Year Ended (in thousands) Operating Income Reconciliation Pet Segment Operating Income Reconciliation September 27, 2025 September 27, 2025 September 28, 2024 GAAP Adjustments(1)(2) Non-GAAP GAAP operating income $ 215,688 $ 203,425 Net sales $ 3,129,06
Slide 99: GAAP to Non-GAAP Reconciliation for the Fiscal Year Ended
GAAP to Non-GAAP Reconciliation for the Fiscal Year Ended (in thousands) Adjusted EBITDA Reconciliation September 27, 2025 September 28, 2024 Net income attributable to Central Garden & Pet Company $ 162,843 $ 107,983 Interest expense, net 32,812 37,872 Other expense 480 5,090 Income tax expense 52,
Central Garden & Pet Company — Investor Presentation (February 2026) on 6ix