Energizer Holdings, Inc. · NYSE:ENR
Energizer — Q2 2021 Earnings Presentation
18 slides from Energizer's earnings presentation, May 10, 2021
Slide 1: Fiscal Q2 Earnings May 10, 2021
+ Fiscal Q2 Earnings May 10, 2021 Exhibit 99.2
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
2 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 identi
Slide 3: Forward-Looking Statements and Non-GAAP Financial Measures
3 Forward-Looking Statements and 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
Slide 4: Financial Results Second Quarter Fiscal 2021
+ Financial Results Second Quarter Fiscal 2021
Slide 5: Second Quarter 2021 Key Metrics
METRIC Second Quarter 2021 Adjusted EPS* Adjusted Free Cash Flow * Net Debt and Leverage Second Quarter $147.6 million(2), margin 21.5% Six Months $34.9 million(3) • Decreased from prior year as inventory investments were made to service higher demand • Prior year included $30 million VAT refund $3.
Slide 6: Net Sales Q2 Fiscal 2020 to Q2 Fiscal 2021
6 Net Sales* Q2 Fiscal 2020 to Q2 Fiscal 2021 * See non-GAAP reconciliations in the Appendix. +12.7%
Slide 7: Adjusted Gross Margin Q2 Fiscal 2020 to Q2 Fiscal 2021
7 Adjusted Gross Margin* Q2 Fiscal 2020 to Q2 Fiscal 2021 * See non-GAAP reconciliations in the Appendix. (1) Impact of channel, customer, and product mix as well as increased operating costs that resulted from higher tariffs associated with higher sourcing volumes, and transportation and product in
Slide 8: Adjusted EPS Q2 Fiscal 2020 to Q2 Fiscal 2021
Adjusted EPS* Q2 Fiscal 2020 to Q2 Fiscal 2021 8 * See non-GAAP reconciliations in the Appendix.
Slide 9: Adjusted EBITDA Q2 Fiscal 2020 to Q2 Fiscal 2021
Adjusted EBITDA* Q2 Fiscal 2020 to Q2 Fiscal 2021 9 * See non-GAAP reconciliations in the Appendix.
Slide 10: Outlook Fiscal 2021
+ Outlook Fiscal 2021
Slide 11: Fiscal 2021 Outlook Key Financial Metrics
Fiscal 2021 Outlook Key Financial Metrics METRIC Fiscal 2021 Outlook Adjusted EBITDA* Adjusted Free Cash Flow* Adjusted EPS * $620 to $640 million $325 to $350 million • Low end of the range due to working capital requirements, primarily related to inventory, as we rebuild safety stock and meet incr
Slide 12: Fiscal 2021 Outlook Key Financial Metrics
Fiscal 2021 Outlook Key Financial Metrics METRIC Fiscal 2021 Outlook Capital Spending Normal Operations $40 to $45 million Acquisition and Integration $40 to $50 million • Increased capital primarily for data and analytic initiatives All comparisons are to Fiscal 2020 comparable reported results. Ad
Slide 13: Appendix Materials
13 Appendix Materials
Slide 14: Non-GAAP Reconciliation: Consolidated Net Sales
14 Non-GAAP Reconciliation: Consolidated Net Sales (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 15: Non-GAAP Reconciliations: Adjusted Gross Profit Margin
Non-GAAP Reconciliations: Adjusted Gross Profit Margin (in millions) 15 Adjusted Gross Margin as a percent of sales excludes the impact of costs related to acquisition and integration.
Slide 16: Non-GAAP Reconciliation: Adjusted EPS
16 Non-GAAP Reconciliation: Adjusted EPS (in millions, except per share data) (1) The effective tax rate for the Adjusted - Non-GAAP Earnings and Diluted EPS for the quarters ended March 31, 2021 and 2020 was 23.5% and 22.9%, respectively, and for the six months ended March 31, 2021 and 2020 was 22.
Slide 17: Non-GAAP Reconciliations: Adjusted EBITDA and Adjusted Free Cash Flow
Non-GAAP Reconciliations: Adjusted EBITDA and Adjusted Free Cash Flow (in millions) 17
Slide 18: Non-GAAP Reconciliations: Fiscal 2021 Outlook
Non-GAAP Reconciliations: Fiscal 2021 Outlook 18