Energizer Holdings, Inc. · NYSE:ENR
Energizer — Q4 2021 Earnings Presentation
19 slides from Energizer's earnings presentation, Nov 10, 2021
Slide 1: Fiscal Q4 Earnings
+ Fiscal Q4 Earnings November 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 Fourth Quarter 2021
+ Financial Results Fourth Quarter 2021
Slide 5: Key Metrics – Fourth Quarter
METRIC Fourth Quarter 2021 Adjusted EPS* Adjusted Gross Margin* Fourth Quarter $135.9 million(3), margin 17.7% Adjusted Gross margin, excluding acquisition and integration costs, was 37.7%(1), down 70 bps • Over 400 bps of cost inflation, in large part offset by synergies and elimination of prior ye
Slide 6: Rising Product Input Costs Impacted Q4 Adjusted Gross Margin
6 Rising Product Input Costs Impacted Q4 Adjusted Gross Margin* * See non-GAAP reconciliations in the Appendix. (1) The Gross margin decrease for the quarter was driven by higher input costs, including labor costs, commodities, tariffs and transportation, consistent with ongoing inflationary trends.
Slide 7: Financial Results Fiscal 2021
+ Financial Results Fiscal 2021
Slide 8: Key Metrics – Full Year
METRIC Fiscal Year 2021 Adjusted EPS* Adjusted Free Cash Flow * Fiscal 2021 $620.3 million(2), margin 20.5% $203.5 million(3) • Decreased from prior year as inventory investments were made to service continued high levels of demand and rebuild safety stock • Prior year included $30 million VAT refun
Slide 9: Net Sales Fiscal 2020 to Fiscal 2021
9 Net Sales* Fiscal 2020 to Fiscal 2021 * See non-GAAP reconciliations in the Appendix.
Slide 10: Rising Product Input Costs impacted FY21 Adjusted Gross Margin
10 Rising Product Input Costs impacted FY21 Adjusted Gross Margin* * See non-GAAP reconciliations in the Appendix. (1) The Gross margin decrease for the year was driven by higher input costs, including labor costs, commodities, tariffs and transportation, consistent with ongoing inflationary trends.
Slide 11: Outlook Fiscal 2022
+ Outlook Fiscal 2022
Slide 12: Fiscal 2022 Outlook Key Financial Metrics
Fiscal 2022 Outlook Key Financial Metrics METRIC Fiscal 2022 Outlook Adjusted EBITDA* Adjusted EPS * $560 to $590 million • We expect rising product input costs to be partially offset by pricing actions and cost reduction efforts • Based on current rates and assumptions we anticipate gross margin he
Slide 13: Fiscal 2022 Non-Operating Metrics
Fiscal 2022 Non-Operating Metrics 13 Fully Diluted Common Shares* *All EPS calculations performed using fully diluted common shares and no deduction for preferred dividends Assumes mandatory preferred converted to 4.7 million common shares Includes impact from $75M Accelerated Share Repurchase progr
Slide 14: Appendix Materials
14 Appendix Materials
Slide 15: Non-GAAP Reconciliation: Consolidated Net Sales
15 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 16: Non-GAAP Reconciliations: Adjusted Gross Profit Margin
Non-GAAP Reconciliations: Adjusted Gross Profit Margin (in millions) 16 Adjusted Gross Margin as a percent of sales excludes the impact of costs related to acquisition and integration.
Slide 17: Non-GAAP Reconciliation: Adjusted EPS
17 Non-GAAP Reconciliation: Adjusted EPS (in millions, except per share data) (1) The Effective tax rate for the Adjusted - Non-GAAP Net Earnings and Diluted EPS for the quarters ended September 30, 2021 and 2020 was 20.2% and 24.6%, respectively, and for the twelve months ended September 30, 2021 a
Slide 18: Non-GAAP Reconciliations: Adjusted EBITDA and Adjusted Free Cash Flow
Non-GAAP Reconciliations: Adjusted EBITDA and Adjusted Free Cash Flow (in millions) 18
Slide 19: Non-GAAP Reconciliations: Fiscal 2022 Outlook
Non-GAAP Reconciliations: Fiscal 2022 Outlook (in millions) 19