Energizer Holdings, Inc. · NYSE:ENR
Energizer — Q3 2020 Earnings Presentation
12 slides from Energizer's earnings presentation, Aug 5, 2020
Slide 1: Fiscal Q3 2020 Earnings
Exhibit 99.2 Fiscal Q3 2020 Earnings + August 5, 2020
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures Energizer Holdings, Inc. (the “Company”) and its management may make certain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identifi
Slide 3: Forward-Looking Statements & Non-GAAP Financial Measures
Forward-Looking Statements & Non-GAAP Financial Measures The information contained herein is preliminary and based on Company data available at the time of the earnings presentation. Forward- looking statements speak only as of the date they are made, and the Company undertakes no obligation to upda
Slide 4: Well positioned during COVID-19 while pursuing long-term strategic objectives
Well positioned during COVID-19 while pursuing long-term strategic objectives Health & Safety of Long-term Strategic Financial Strength Colleague and Business Objectives Continuity • Protocols to keep colleagues • Complete the integration in • Balanced approach to safe calendar 2021 and deliver capi
Slide 5: Organic sales growth driven by distribution gains and elevated demand for batteries
Organic sales growth driven by distribution gains and elevated demand for batteries Consolidated Net Sales Organic Net Sales Performance* $ USD Millions $647.2 $658.0 + Increased distribution in U.S. and several international markets (+270 basis points) + Replenishment volumes (+140 basis points), p
Slide 6: Contributions from synergies led to gross margin expansion in Q3 versus the prior year
Contributions from synergies led to gross margin expansion in Q3 versus the prior year Adjusted Gross Impacts on Adjusted Profit Margin* Gross Margin* + Contribution from synergies 40.0% 40.8% + Lower raw material costs +80 bps - Foreign currency headwinds of approximately $9 million FY Q3'19 FY Q3'
Slide 7: Fiscal 2020 outlook, including impact from COVID-19
Fiscal 2020 outlook, including impact from COVID-19 NET SALES 9% to 10% Growth ADJUSTED EBITDA* Global Organic Growth $575M to $585M 1% - 1 1/2% ADJUSTED ADJUSTED EARNINGS PER SHARE* FREE CASH FLOW* $2.45 to $2.55 Greater than $300M Includes incremental negative impact of currency movements of appro
Slide 8: Appendix
Appendix 8
Slide 9: Non-GAAP Reconciliation: Consolidated Net Sales
Non-GAAP Reconciliation: Consolidated Net Sales (amounts in millions) Organic revenue is the non-GAAP financial measurement of the change in revenue that excludes or otherwise adjusts for the impact of acquisitions, change in Argentina and impact of currency from the changes in foreign currency exch
Slide 10: Non-GAAP Reconciliation: Segment Net Sales
Non-GAAP Reconciliation: Segment Net Sales (amounts in millions) Organic revenue is the non-GAAP financial measurement of the change in revenue that excludes or otherwise adjusts for the impact of acquisitions, change in Argentina and impact of currency from the changes in foreign currency exchange
Slide 11: Non-GAAP Reconciliations: Gross Profit Margin
Non-GAAP Reconciliations: Gross Profit Margin (amounts in millions) Adjusted Gross Margin as a percent of sales excludes the impact of costs related to acquisition and integration. 11
Slide 12: Non-GAAP Reconciliations: 2020 Outlook
Non-GAAP Reconciliations: 2020 Outlook (amounts in millions) Adjusted Free Cash Flow Outlook. The Company is unable to provide a reconciliation to the full year 2020 Adjusted free cash flow in excess of $300 million due to uncertainty regarding the timing and amount of future acquisition and integra