Energizer Holdings, Inc. · NYSE:ENR
Energizer — Q2 2025 Earnings Presentation
21 slides from Energizer's earnings presentation, May 6, 2025
Slide 1: Q2 Fiscal 2025 Earnings
Q2 Fiscal 2025 Earnings + May 6, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This document contains both historical and forward-looking statements. Forward-looking statements are not based on historical facts but instead reflect our expectations, estimates or projections concerning future results or events, including, without limitation, the future
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures The Company reports its financial results in accordance with accounting principles generally accepted in the U.S. ("GAAP"). However, management believes that certain non- GAAP financial measures provide users with additional meaningful comparisons to the corresponding his
Slide 4: Financial Results
Financial + Results Q2 Fiscal 2025
Slide 5: Q2 Financials
Q2 Financials Q2’25 ACTUAL (Reported May 2025) Net sales of $662.9M, -0.1% reported, +1.4% organic* Net Sales • Battery net sales +1.5% reported, +3.0% organic* • Auto net sales -4.1% reported, -2.6% organic* Adjusted Gross Adjusted gross margin was 40.8%(1), up +30 basis points Margin* • Above guid
Slide 6: Global Supply Network
Global Supply Network +
Slide 7: Recent Investments To Optimize Our Supply Network
Energizer has made significant investments to optimize and build optionality into the global supply network IN-REGION GLOBAL VERTICALLY UPSIDE manufacturing and FOOTPRINT INTEGRATED FLEXIBILITY packaging to best serve to optimize flow and burst capacity available our customers to mitigate risks miti
Slide 8: Global supply network – product sourced by region
Global supply network – product sourced by region Sourcing shifts and commercial actions expected to offset impact of tariffs in FY25 3% North America EMEA 97% 5% APAC 95% United States or low tariff markets China LATAM 100% 7% 93% In-region / non-United States United States Legacy manufacturing fac
Slide 9: Debt Capital Structure
Debt Capital Structure +
Slide 10: Debt maturity profile – extended Revolving Credit Facility and Term Loan
Debt maturity profile – extended Revolving Credit Facility and Term Loan in Second Quarter 10
Slide 11: Outlook
Outlook + Fiscal 2025 & Q3
Slide 12: Updating FY'25 Guidance
Updating FY’25 Guidance Prior FY’25 Outlook Updated FY’25 Outlook (Provided February 2025) (Provided May 2025) Reported Net Sales +1% to +2% Flat to +2% Organic Net Sales +2% to +3% Flat to +2% Adjusted Gross Margin* +50bps +50bps Adjusted EPS* $3.45 - $3.65 $3.30 - $3.50 Adjusted EBITDA* $625M - $6
Slide 13: Providing Q3 Guidance
Providing Q3 Guidance Q3’25 OUTLOOK (Provided May 2025) Reported Net Sales Flat to -2% Organic Net Sales Flat to -2% Adjusted Gross Margin* ~Flat Adjusted EPS* $0.55 - $0.65 All comparisons for FY’25 Outlook are to Fiscal 2024 comparable reported results. * See non-GAAP reconciliations in the Append
Slide 14: Appendix Materials: Non-GAAP Reconciliations
Appendix Materials: Non-GAAP Reconciliations 14
Slide 15: Non-GAAP Reconciliation: Net Sales
Non-GAAP Reconciliation: Net Sales (in millions) Organic. This is the non-GAAP financial measurement of the change in revenue that excludes or otherwise adjusts for the change in hyperinflationary markets and impact of currency from the changes in foreign currency exchange rates as defined below: •
Slide 16: Non-GAAP Reconciliation: Adjusted Gross Margin
Non-GAAP Reconciliation: Adjusted Gross Margin (in millions) Adjusted gross margin as a percent of sales excludes any charges related to restructuring programs, network transition costs, and acquisition and integration. 16
Slide 17: Non-GAAP Reconciliation: Adjusted Earnings Per Share
Non-GAAP Reconciliation: Adjusted Earnings Per Share (in millions, except per share data) Adjusted Net Earnings and Adjusted Diluted Net Earnings Per Common Share (EPS). These measures exclude the impact of restructuring and related costs, network transition costs, the costs related to acquisition a
Slide 18: Non-GAAP Reconciliation: Adjusted EBITDA - March 31, 2025
Non-GAAP Reconciliation: Adjusted EBITDA - March 31, 2025 (in millions) EBITDA is defined as net earnings before income tax provision, interest, the loss on extinguishment of debt, and depreciation and amortization. Adjusted EBITDA further excludes the impact of the costs related to restructuring, n
Slide 19: Non-GAAP Reconciliation: Adjusted EBITDA - March 31, 2024
Non-GAAP Reconciliation: Adjusted EBITDA - March 31, 2024 (in millions) EBITDA is defined as net earnings before income tax provision, interest, the loss on extinguishment of debt, and depreciation and amortization. Adjusted EBITDA further excludes the impact of the costs related to restructuring, a
Slide 20: Reconciliation: Net Debt and Net Leverage
Non-GAAP Reconciliation: Net Debt and Net Leverage (in millions) Net Debt is defined as total Company debt, less cash and cash equivalents. Net leverage is Net debt divided by the last twelve months Adjusted EBITDA. LTM is the last twelve months for March 31, 2024 and 2025, respectively. 20
Slide 21: Reconciliation: FY 2025 Outlook
Non-GAAP Reconciliation: FY 2025 Outlook (in millions – except per share data) 21