Edgewell Personal Care Company · NYSE:EPC
Edgewell Personal Care — Raymond James Institutional Investors Conference 2023
26 slides from Edgewell Personal Care's conference presentation, March 2023
Slide 1: Edgewell Personal Care
Edgewell Personal Care Raymond James Institutional Investors Conference March 2023 Page 1 BOS 20201120 EPC investor day mate ...
Slide 2: Today's Speakers
Today’s Speakers Dan Sullivan Chris Gough Chief Financial Officer, VP Investor Relations President – Europe and and Treasury LATAM Page 2 BOS 20201120 EPC investor day mate ...
Slide 3: Forward-looking statements
Forward-looking statements Please note that in this presentation we may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statement
Slide 4: Non-GAAP financial measures
Non-GAAP financial measures While the Company reports financial results in accordance with accounting principles generally accepted in the U.S. ("GAAP"), this discussion also includes non-GAAP measures. These non-GAAP measures are referred to as "adjusted" or "organic" and exclude items such as rest
Slide 5: Edgewell's Transformation Announced in November 2020
Edgewell’s Transformation Announced in November 2020 • PAGE 5
Slide 6: Built Around a Diversified Portfolio of Brands
Built Around a Diversified Portfolio of Brands…. Leading Share Positions in Strong Brands in Recovering Growing Categories Categories Page 6 BOS 20201120 EPC investor day mate ...
Slide 7: With Strong Underlying Business Fundamentals
With Strong Underlying Business Fundamentals…. Relentless Strong Gross Cost Margin Management Profile Strong Cash Balanced Flow Capital Generation Allocation Page 7 BOS 20201120 EPC investor day mate ...
Slide 8: Driven by Significantly Strengthened Capabilities
Driven by Significantly Strengthened Capabilities…. Consumer Focused Enhanced Commercial Demonstrated Cost Innovation Capabilities Reduction Page 8 BOS 20201120 EPC investor day mate ...
Slide 9: And a Clear Long-Term Financial Algorithm
And a Clear Long-Term Financial Algorithm Leveraging clear Right to Win portfolio 2% - 3% Disciplined, prioritized investment cadence Organic Net Sales growth Consumer centric innovation at the core Strengthened gross margin profile 4% - 6% Next level cost reduction Adjusted EBITDA growth Investment
Slide 10: Sustained Topline Growth and Strong Underlying Performance
Sustained Topline Growth and Strong Underlying Performance • PAGE 10
Slide 11: Organic Net Sales Progression – Consistent Topline Growth
Organic Net Sales Progression – Consistent Topline Growth 2019 - 2020 2021 – 2023(e) MSD YOY ~4% Annual Declines Growth • Disruption in US Wet Shave • Successful portfolio shift with category growth-oriented acquisitions • Declining consumption in core • Categories return to underlying Shave and Fem
Slide 12: Fiscal 2022: Key Business and Financial Successes
Fiscal 2022: Key Business and Financial Successes 4% 85%+ +120bps Organic Sales Growth Of U.S. Branded Portfolio Gross Margin Benefit From Price +11% growth rate for Right to Win In FY22, percent of portfolio(value) Pricing contribution to Gross Margin and +1% for Right to Play holding or gaining ma
Slide 13: Continuing Our Transformation in 2023
Continuing Our Transformation in 2023 • PAGE 13
Slide 14: Stronger Commercial Fundamentals
Stronger Commercial Fundamentals Strong Innovation and Product Driving better return on Price and Revenue Development Pipeline our Brand Investments Management Excellence Page 14 BOS 20201120 EPC investor day mate ...
Slide 15: High Growth, Compelling Acquisitions
High Growth, Compelling Acquisitions • Built our Men’s Grooming business with category leading brands across consumers and price tiers • Broadened retail channel access and strength (share) • Strong integration execution, realizing above-expectation synergies • Delivered meaningful growth above acqu
Slide 16: Enhancing our Capabilities
Enhancing our Capabilities Brand Building and New Brand DTC Execution Product Innovation Development Page 16 BOS 20201120 EPC investor day mate ...
Slide 17: Billie Year 1 (2022): Walmart Exclusive Launch
Billie Year 1 (2022): Walmart Exclusive Launch • Billie is the #1 Women’s Wet Systems brand by Unit Sales • Billie is the #2 brand in Women’s Systems • Billie Malibu Starter Kit is #1 in Women’s Systems (2 Billie SKUs in the top 5) • Billie Blade Refills are the #2 best-selling women's refill SKU by
Slide 18: Billie Year 2 (2023): National Retail Expansion
Billie Year 2 (2023): National Retail Expansion Page 18 BOS 20201120 EPC investor day mate ...
Slide 19: A Diversified Global Shave Business
A Diversified Global Shave Business Geographic Profile Category Profile Preps • A diversified shave portfolio business, and 11% the only manufacturer operating across all North America Men's Branded sub-category tiers (globally) 50% 15% North America • Well positioned to capitalize on potential Disp
Slide 20: Improved Presence on Shelf….Driving Better Share Results
Improved Prescence on Shelf….Driving Better Share Results Improved Distribution Outcomes on Shelf Strengthening Market Share Results Page 20 BOS 20201120 EPC investor day mate ...
Slide 21: A Core Competency of Cost Excellence
A Core Competency of Cost Excellence…. 2019 - 2021 2022 and 2023 $280M Realized ~$125M Projected Savings Savings • Enterprise-wide effort that delivered • Productivity and efficiency efforts continue ~$280M in gross savings over a three- with additional ~$125M program across year period both COGS an
Slide 22: Fiscal 2023 Outlook
Fiscal 2023 Outlook • PAGE 22
Slide 23: 2023 Outlook: Strong Underlying Fundamentals
2023 Outlook : Strong Underlying Fundamentals (1) • Organic Net Sales Growth ~4%, With Growth in All Segments – Three-year (+4%) Stacked Growth, Evidence of Durable and Sustainable Delivering Growth on Growth Profile Growth – Growth Across Right to Win (MSD) and Right to Play (LSD) Portfolios • Gros
Slide 24: Fiscal Year 2023 Outlook
Fiscal Year 2023 Outlook FY ‘23 @ FY ‘23 Outlook (1) Constant Currency Long Term Algorithm (3) 2% to 4% Reported Net Sales growth ▪ Organic Growth in all Segments 2%-3% 3% to 5% Organic Net Sales growth Organic Net Sales growth ▪ Gross Margin Expansion +30bps -2% 8% 4%-6% Adjusted EBITDA decline (2)
Slide 25: Key Takeaways for Today
Key Takeaways for Today: • A clear and compelling portfolio strategy is driving sustained topline growth, with clear proof points of demonstrated progress on our transformation; • Navigating the challenging macro cost environment through both cost-saving, productivity efforts, and improved commercia
Slide 26: Q&A
Q&A Page 26 BOS 20201120 EPC investor day mate ...
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