Helen Of Troy Limited · NASDAQ:HELE
Helen Of Troy — Merger or Acquisition (November 2021)
17 slides from Helen Of Troy's merger presentation, November 2021
Slide 1: Acquisition of Osprey Packs, Inc.
Acquisition of Osprey Packs, Inc. Investor Overview – November 2021
Slide 2: Forward Looking Statements and Reconciliation of Non-GAAP Financial Measures
Forward Looking Statements and Reconciliation of Non-GAAP Financial Measures Forward Looking Statements: significant changes in or the Company's compliance with regulations, interpretations or product certification requirements, the risks associated with the Company's discussions with the EPA on the
Slide 3: Osprey Packs, Inc. Transaction Highlights
Osprey Packs, Inc. Transaction Highlights Overview Financial Accretion Funding • Expected cash consideration of $414 million, • Implied multiple of less than 13.5x estimated • Financed with cash on hand and existing which includes the impact of an estimated $6 calendar year 2022 adjusted EBITDA; com
Slide 4: Osprey Adds to Helen of Troy Value Creation Flywheel
Osprey Adds to Helen of Troy Value Creation Flywheel Accretive and Low Risk Capital Deployment Leadership Brand Innovation and Investment Low Capex Organic Revenue Growth Working Capital Improvement Margin Expansion Debt and Tax Efficiency High Quality Global Shared Services 4
Slide 5: Adds 9th Leadership Brand to Portfolio
Helen of Troy Adds 9th Leadership Brand to Portfolio 5
Slide 6: Highly Respected Pillar in the Outdoor Industry Enhances Helen of Troy's Outdoor Portfolio
Highly Respected Pillar in the Outdoor Industry Enhances & Diversifies Helen of Troy’s Outdoor Portfolio Fast-growing market leader #1 US in Technical Pack segment World-class, award winning, authentic innovator #1 US in Everyday Backpack segment (1) TECHNICAL Adds a compelling outdoor brand in addi
Slide 7: Osprey's Dedication to Creating Top-Quality, High-Performance, Innovative Gear
Osprey’s Dedication to Creating Top-Quality, High-Performance, Innovative Gear Reflects the Brand’s Love of Adventure and Devotion to the Outdoors 7
Slide 8: Osprey Meets a Universal Set of Consumer Needs
Osprey Meets a Universal Set of Consumer Needs Technical Packs 76%* 76%* UNLTD ANTIGRAVITY HIKELITE 26 TALON33 POCO® RAPTOR 10 Everyday Packs 12%* 12%* TRANSPORTER TRANSPORTER GLOBAL FAIRVIEW WHEELED PORTER TRAVEL TRANSPORTER® DUFFEL 65 CARRY-ON TRAVEL PACK 65 PACK 46 CARRY-ON BAG Adventure Travel L
Slide 9: Global Footprint and Strong Omni-Channel Retail Partnerships
Global Footprint and Strong Omni-Channel Retail Partnerships Still opportunities to expand distribution and grow Direct To Consumer channel GLOBAL SALES FOOTPRINT (1) STRONG OMNI-CHANNEL PRESENCE (1) STRONG RELATIONSHIPS WITH TOP GLOBAL RETAILERS International 51% Ecommerce 27% Brick & Mortar USA 73
Slide 10: Outdoor is a Large Growing Market that Capitalizes on the Multi-Generational Wellness Megatrend
Outdoor is a Large Growing Market that Capitalizes on the Multi-Generational Wellness Megatrend Substantial Total Addressable Market With Significant Long-Term Potential 53% / 161MM CAMPING In 2020, 53% of Americans ages 6 and over (161 million) participated in outdoor recreation at least OUTDOOR on
Slide 11: Outstanding Products and Authentic Brand Equity Have Made Osprey a Market Leader
Outstanding Products and Authentic Brand Equity Have Made Osprey a Market Leader in Key Outdoor Gear Segments U.S. U.S. TECHNICAL PACK SEGMENT U.S. BACKPACK SEGMENT (3) #1 #1 Technical Travel 21% Packs Packs (1) Other (4) 27% 37% #2 #1 3% Other (3) 50% 12% North Face Mystery Ranch Hydration Packs Ev
Slide 12: Better Together: Enhances Outdoor Platform and Leverages Our Scale
Better Together: Enhances Outdoor Platform and Leverages Our Scale Brand Portfolio o Compelling addition to the outdoor side of Helen of Troy’s indoor/outdoor portfolio alongside Hydro Flask and OXO Product o Robust multi-year new product pipeline ready to extend Osprey’s track record of product des
Slide 13: Osprey Increases International Presence and Adds Vietnam Capabilities
Osprey Increases International Prescence and Adds Vietnam Capabilities Highly consistent with Helen of Troy Phase II strategy to Double Down on International o Approximately half of Osprey’s business is outside of the United States o Increases Helen of Troy International Revenue by ~20% o Better Tog
Slide 14: Adds Another Brand with High ESG Credibility
Adds Another Brand with High ESG Credibility Highly Aligned with Helen of Troy ESG Philosophy to Minimize Our Impact on the Environment Osprey Materials o Utilize the highest-quality materials with low environmental impact, including bluesign® approved and recycled materials o Reduce use of packagin
Slide 15: Adding Osprey Creates a Compelling Combination and Significant Opportunities
Adding Osprey to Helen of Troy Creates a Compelling Combination and Significant Opportunities Osprey Wheelhouse Helen of Troy Wheelhouse ✓ Iconic outdoor market leader 47 years building the 53 year's building and improving ✓ 53 years of consumer–centric leading pack brand Leadership Brands innovatio
Slide 16: Appendix
Appendix
Slide 17: Glossary of Terms
Glossary of Terms Acquisition-related Expenses – Expenses associated with the definitive agreement to acquire Drybar Products LLC EPA – U.S. Environmental Protection Agency EPA compliance costs – Charges incurred in conjunction with EPA compliance of packaging and labeling claims on certain products
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