Energizer Holdings, Inc. · NYSE:ENR
Energizer — Q3 2026 Earnings Presentation
20 slides from Energizer's earnings presentation, Aug 4, 2026
Slide 1: Q3 Fiscal 2026 Earnings
Q3 Fiscal 2026 Earnings + August 4, 2026
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 + Q3 Fiscal 2026
Slide 5: Energizer's Fiscal 2026 strategic priorities
Energizer’s Fiscal 2026 strategic priorities Restore Organic Net Sales growth through strengthened distribution and advancing innovation Rebuild Gross Margins impacted by tariffs Return to historical Free Cash Flow profile Disciplined deployment of Cash to maximize shareholder value 55 FOR INTERNAL
Slide 6: $100M Debt Reduction ≈ 7% Equity Return
Cash generation drives shareholder value Debt reduction | Meaningful dividend | Greater financial flexibility EARNINGS FREE CASH SHAREHOLDER POWER FLOW RETURNS Margin recovery + Durable cash Debt paydown SG&A discipline generation + dividend Debt reduction is the highest-impact use of cash today Eve
Slide 7: Q3 2026 Financial Highlights
Q3 2026 Financial Highlights Q3 2026 ACTUAL (Reported August 2026) Net sales of $734.1M, +1.2% reported, +2.7% organic* Net Sales • Batteries & Lights Net sales -2.0% reported, +0.3% organic* • Auto Care Net sales +10.4% reported, +9.5% organic* Adjusted Gross Adjusted gross margin was 39.2%(1), dow
Slide 8: Energizer continues to outpace the category as volume moderated
While category volume moderated in the quarter, Energizer continues to outpace the category U.S. Battery Category Volume Trend Rolling 13 Week Periods FY25 Q4 FY26 Q1 FY26 Q2 FY26 Q3 10.0% 5.0% 0.0% -5.0% -10.0% JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN Category EHI 8 Source: Circana Unify Tot
Slide 9: Advancing meaningful innovation in Specialty batteries
Advancing meaningful innovation in Specialty, the fastest growing segment in Batteries & Lights Specialty battery dollars have grown Energizer Holdings +30% #1 Share in the last 4 years2 in Specialty segment2 Energizer Ultimate Child Shield introduced in March 2026, the world’s ONLY coin lithium bat
Slide 10: Energizer Ultimate Child Shield Launched
Energizer® Ultimate Child ShieldTM Launched March 2026 Now in Distribution at Major US and International Retailers
Slide 11: Outlook
Outlook El Fiscal 2026 & Q4
Slide 12: Executing through short-term disruption
Executing through short-term disruption Retailer inventory management • Storm comp Distribution gains • Innovation • APS integration +2.7% +0.7% -4.9% FY25 1H FY26 Q3 FY26 Q4E FY26 1H FY26 Q3 FY26 2H FY26 -4.9% +2.7% Flat to Slightly + Organic* Organic* organic 12 * See non-GAAP reconciliations in t
Slide 13: 2026 Earnings Outlook
2026 Earnings Outlook FY 2026 Outlook Initial Current Down Low Flat to Organic Net Sales Single Digit Slightly Positive Q4: Flat to Down Low Single Digit Adjusted Gross Margin Modest Decline 40% - 41% Q4: +40% Adjusted EBITDA $580M - $610M In Range, Low End In Range, Low End Adjusted EPS* $3.30 - $3
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 Net sales or segment profit that excludes or otherwise adjusts for the Acquisition impact, Change in highly inflationary markets and Impact of currency from the changes in foreign cu
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 FY23 & FY24 Production Credits. 16
Slide 17: Non-GAAP Reconciliation: Adjusted Earnings Per Share
Non-GAAP Reconciliation: Adjusted Earnings Per Share – Fiscal Q3 2026 and 2025 (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, FY23 & F
Slide 18: Non-GAAP Reconciliation: Adjusted EBITDA and Free Cash Flow
Non-GAAP Reconciliation: Adjusted EBITDA and Free Cash Flow (in millions) EBITDA is defined as net earnings before income tax provision, interest, the loss on extinguishment/modification of debt, and depreciation and amortization. Adjusted EBITDA further excludes the impact of the costs of restructu
Slide 19: Non-GAAP Reconciliation: Net Sales FY25 and Q1 and Q2 FY26
Non-GAAP Reconciliation: Net Sales FY25 and Q1 and Q2 FY26 (in millions – except per share data) Organic. This is the non-GAAP financial measurement of the change in Net sales or segment profit that excludes or otherwise adjusts for the Acquisition impact, Change in highly inflationary markets and I
Slide 20: Non-GAAP Reconciliation: FY 2026 Outlook
Non-GAAP Reconciliation: FY 2026 Outlook (in millions – except per share data) 20