Spectrum Brands Holdings, Inc. · NYSE:SPB
Spectrum Brands — Merger or Acquisition (April 2010)
19 slides from Spectrum Brands's merger presentation, Apr 28, 2010
Slide 1: Navigating Today's Consumer Market - 2010 Investor Conference
Exhibit 99.1 NAVIGATING David Terry 2010 INVESTOR Polistina Lumley –TODAY’S Spectrum Russell CONFERENCE Hobbs, CONSUMER Brands, Inc. Inc. MARKET
Slide 2: Forward Looking Statements and Important Information
Forward Certain These materially identify, developments, availability stock efficiencies weather on such of reflect In required either that www.spectrumbrands.com. information otherwise, assured. potential transactions or company’s IMPORTANT This Brands prospectus joint offers The THE AVAILABLE Inve
Slide 3: Why Consumer Products Sector?
Why The can Dominant Strong Innovation |Robust 3 trust consumer theManagement Brand Free Consumer Market Cash Equity accounts Flow Share Products Team Generation for over Sector? 66% of total US Gross Domestic Product of $14 Trillion In lieu of the financial and real estate crises, consumers are foc
Slide 4: Accretive Merger Creating Strong Global Consumer Products Company
Accretive Merger Strong Pro 2010 Combined $25MM Expected Enhances Extends |1. 4 Estimated forma estimated Expected Creates debt ofto Synergies liquidity Transaction LTM company cost Strengthen EBITDA maturities adjusted asynergies revenue Performance Premier and Expands will Creating does increases
Slide 5: Spectrum Brands Business Description
Spectrum True Market Diverse Portable Consumer Pet Home Shaving |Personal 5 Supplies global &leading Portfolio & Lighting Care Garden Brands Batteries Grooming footprint 25% 10% positions 14% Across Business 4%37% with 10%Attractive insolid Description large, presence growing Categories onglobal 6 c
Slide 6: Spectrum Continuing Strong Performance
Spectrum FY’ Continuing Strong Performance Continues Increasing Ongoing Results Segment Stable Successful Closed Restructuring 1. 2. |3. 6Adjusted Market Includes 2009 profits $310 unprofitable Increased cost and Brands: share EBITDA market Successful $800MM To EBITDA million Continued for savings Q
Slide 7: Spectrum Attractive Growing Segment Profile
Spectrum Attractive Growing Top Global Stable, Only Home Stable |Note: 7 3global Information market & adjusted Batteries Pet defensive Garden market Brands: Segment Supplies player share EBITDA & share adjusted provided Personal worldwide Profile High EBITDA and by Care barriers Spectrum Brands to B
Slide 8: Consistent Adjusted EBITDA and Reduced Headcount
Consistent LTM ($ F07 $250 $300 $350 Note: $338 $310 $293 $272 SIGNIFICANTLY 9/30/2005 1,000 3,000 5,000 7,000 9,000 11,000 Reduced 2,496 3,160 3,207 3,841 3,148 3,977 3,447 4,897 4,202 5,558 Non US |*8Reconciliation inF08 US millions) ADJUSTED Fiscal F09 by9/30/2006 Adjusted 4,104 year LTM previous
Slide 9: Global Batteries & Personal Care
Global GBPC ($ Sep’ $150 $175 $200 $225 LTM Segment $210 $193 $185 $165 (% Batteries Latin Solidified 42% Europe North America Consumer Hearing Lighting Shaving Personal |Note: 9 inOf07 millions) Adjusted Adj. America Table America Latin LTM has Batteries Sep Aids &Europe Care Products Breakdown 67%
Slide 10: Global Pet Supplies
Global ($ Sep’ $80 $90 $100 LTM Main $98 $92 $93 Product North PacRim Europe Companion Aquatics |Note: 10in 07 millions) Adjusted Adj. Brands Based America Pet 21% Sep and 9% 62% EBITDA Supplies Animal ‘08 Geographic on and EBITDA 70% LTM Sep’ Products 38% is09 1/3/2010 a stable De Performance Diver
Slide 11: Home & Garden Business
Home ($ $7 Se LTM Main $58 $54 $53 $41 2009 Successfully Division Exited Terminated Transitioned |1. 11Adj. in 0 $60 p’ millions) Adjusted Adj. Restructuring 07 Brands & 7EBITDA Se facilities was Garden $50 EBITDA p’ >600 customers exited and $40 unprofitable 08 EBITDA excludes Overview profitabilit
Slide 12: Russell Hobbs Business Overview
Russell Top Market $780MM Europe/ Latin North Kitchen, Home, Personal Pet Geographically |Product 12 & 3America, America, market Pest, 17% leading Hobbs Categories ROW, 79% Care, in3% 2009 share Overview Business 1% 25% 13% positions Diverse 62% sales in 10Description in of 4itskey 13 categories: pr
Slide 13: Diversified Russell Hobbs Product Lineup
Diversified Representative Kitchen Home Personal Pet Since Overview |improved 13 & the Pest Products Products Care Salton the Product Company’s Brands / Applica Lineup operating merger inmetrics 2007, the management team has transformed the Company through realizing significant synergies and operati
Slide 14: Investment Highlights
Investment Strong A Products Global Diversification Pending Combined Enhanced Cost Expected |Accretive 14 premier Synergies Brand Reach acquisition sold annual to Transaction Financials global company Highlights beinaccretive &more cost consumer Scale provides generated synergies than to 1both produ
Slide 15: Reconciliation of Non-GAAP Financial Measurements
RECONCILIATION OF NON-GAAP FINANCIAL MEASUREMENTS Management believes that certain non-GAAP financial measures may be useful in certain instances to provide additional meaningful comparisons between current results and results in prior operating periods. Excluding the impact of current exchange rate
Slide 16: Reconciliation of GAAP Net Income to Adjusted EBITDA, LTM January 3, 2010
SPECTRUM BRANDS, INC. Reconciliation of GAAP Net Income (loss) to Adjusted EBITDA for the LTM months ended January 3, 2010 (Unaudited) ($ in millions) THREE MONTHS ENDED LTM @ 3/30/2009 6/28/2009 9/30/2009 1/3/2010 1/3/2010 Net income (loss) $ (60.4) $ (36.5) $ 1,152.8 $ (60.2) $ 995.7 Loss from dis
Slide 17: Reconciliation to Adjusted EBITDA, 12 Months Ended September 30, 2009
SPECTRUM BRANDS, INC. Reconciliation of GAAP Net Income (loss) to Adjusted EBITDA for the 12 months ended September 30, 2009 (Unaudited) ($ millions) Consolidated Global Batteries & Global Pet Home & Unallocated Spectrum Personal Care Supplies Garden Corporate Items (a) Brands, Inc. Net Income (loss
Slide 18: Reconciliation to Adjusted EBITDA, 12 Months Ended September 30, 2008
SPECTRUM BRANDS, INC. Reconciliation of GAAP Net Income (loss) to Adjusted EBITDA for the 12 months ended September 30, 2008 (Unaudited) ($ millions) Consolidated Global Batteries & Global Pet Home & Unallocated Spectrum Personal Care Supplies Garden Corporate Items (a) Brands, Inc. Net Income (loss
Slide 19: Reconciliation to Adjusted EBITDA, 12 Months Ended September 30, 2007
SPECTRUM BRANDS, INC. Reconciliation of GAAP Net Income (loss) to Adjusted EBITDA for the 12 months ended September 30, 2007 (Unaudited) ($ millions) Consolidated Global Batteries & Global Pet Home & Unallocated Spectrum Personal Care Supplies Garden Corporate Items (a) Brands, Inc. Net Income (loss