Prestige Consumer Healthcare Inc. · NYSE:PBH
Prestige Consumer Healthcare — Prestige Brands Holdings — Q1 FY2016 Earnings Presentation
19 slides from Prestige Consumer Healthcare's earnings presentation, Aug 6, 2015
Slide 1: Review of First Quarter FY16 Results
Review of First Quarter FY 16 Results August 6, 2015 Exhibit 99.2
Slide 2: Safe Harbor Disclosure
F i r s t Q u a r t e r F Y 1 6 R e s u l t s 2 This presentation contains certain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements about the Company’s product expansion and development plans, investments in brand building an
Slide 3: Agenda for Today's Discussion
F i r s t Q u a r t e r F Y 1 6 R e s u l t s 3 Agenda for Today’s Discussion I. Performance Highlights II. Financial Overview III. FY 16 Outlook and the Road Ahead
Slide 4: Performance Highlights
~ Performance Highlights « pt dransmee + pt Demanne ees! Pe aan PrestigeBrands First Quarter FY 16 Results
Slide 5: Solid Start to the Fiscal Year
F i r s t Q u a r t e r F Y 1 6 R e s u l t s 5 Solid Start to the Fiscal Year Q1 consolidated Revenue of $192.1 million, up 31.9% versus PY Q1 – Organic growth of +3.7%(1) on a constant currency basis, and +1.8% on a reported basis versus PY Q1 Total Core OTC consumption growth of 6.5% YoY – 82
Slide 6: Continued Core OTC Consumption Growth and Sales Momentum
F i r s t Q u a r t e r F Y 1 6 R e s u l t s 6 Continued Core OTC Consumption Growth and Sales Momentum Source: IRI multi-outlet + C-Store retail dollar sales growth for relevant period. Data reflects retail dollar sales percentage growth versus prior period. O rg a n ic Sa les G ro w th C o n s u
Slide 7: Q1 FY16 Core OTC Growth Broad Based Led by Largest Brands
F i r s t Q u a r t e r F Y 1 6 R e s u l t s 7 Q1 FY 16 Core OTC Growth Broad Based Led by Largest Brands % of Core OTC Portfolio with Consumption Growth in Q1 FY 16 82% 6.0% 13.3% 15.6% 16.2% 14.9% Q1 Q2 Q3 Q4 Q1 Growth of Largest Brands Accelerating 1.6% 2.5% 5.1% 4.6% 9.1% Q1 Q2 Q3 Q4 Q1 Y/Y Ret
Slide 8: New Goody's Marketing Campaign Launched June 1st
F i r s t Q u a r t e r F Y 1 6 R e s u l t s 8 New Goody’s Marketing Campaign Launched June 1st Featuring Dale Earnhardt, JR. Promotes New Products Race Sponsorship TV & Radio Social Media Introduced in July: 2 New Goody’s Line-Extending Innovations in Taste for Headache Sufferers & in Dosage Form
Slide 9: Clear Eyes Now #1 in Redness Relief
F i r s t Q u a r t e r F Y 1 6 R e s u l t s 9 Clear Eyes Now #1 in Redness Relief Innovative Line Extensions Pocket Pal line creates distribution & revenue opportunities Full Range of SKUs Commands Shelf Presence Targeted Marketing Campaign Social Media & Digital Banner Ads TV, Radio & Print Adver
Slide 10: Monistat: Building Brand Momentum
F i r s t Q u a r t e r F Y 1 6 R e s u l t s 10 Monistat: Building Brand Momentum Developing HCP Relationship Awareness Beyond HCP New TV & digital advertising campaigns target Hispanic markets and women 18-24 “Prescription strength cure without the prescription” Too Much Information “TMI” Women’s
Slide 11: Investment in Core OTC and International Driving Organic Growth
F i r s t Q u a r t e r F Y 1 6 R e s u l t s 11 Core OTC International Other OTC Household Contribution to Portfolio: # of Brands: Investment: Targeted Mix Over Time(4)(5): Q1 FY 16 % Organic Growth: (Constant Currency)(1) Invest for Growth Manage for Cash Flow Generation ~25% of Total Brands ~75%
Slide 12: Financial Overview
F i r s t Q u a r t e r F Y 1 6 R e s u l t s 12
Slide 13: Key Financial Results for First Quarter Performance
F i r s t Q u a r t e r F Y 1 6 R e s u l t s 13 Key Financial Results for First Quarter Performance Excellent overall financial performance in the quarter − Achieved organic growth of 3.7%(1) excluding the impact of foreign currency − Revenue of $192.1 million, an increase of 31.9% − Adjusted EPS
Slide 14: FY16 First Quarter Consolidated Financial Summary
F i r s t Q u a r t e r F Y 1 6 R e s u l t s 14 Jun '15 Jun '14 % Chg Total Revenue 192.1$ 145.7$ 31.9% Adj. Gross Margin 112.2 82.0 36.9% % Margin 58.4% 56.3% A&P 26.4 19.1 38.4% % Total Revenue 13.8% 13.1% Adj. G&A 16.2 11.9 36.5% % Total Revenue 8.4% 8.1% Adjusted EBITDA 69.6$ 51.0$ 36.4% % Marg
Slide 15: Exceptional Free Cash Flow Trends
F i r s t Q u a r t e r F Y 1 6 R e s u l t s 15 Q1 FY 16 Q1 FY 15 Net Income - As Reported 26.2$ 16.7$ Depreciation & Amortization 5.7 3.0 Other Non-Cash Operating Items 17.1 10.0 Working Capital (5.5) (0.0) Operating Cash Flow 43.5$ 29.7$ Additions to Property and Equipment (0.8) (0.5) Free Cash F
Slide 16: FY16 Outlook and the Road Ahead
F i r s t Q u a r t e r F Y 1 6 R e s u l t s 16
Slide 17: Staying the Strategic Course to Continue Shareholder Value Creation
F i r s t Q u a r t e r F Y 1 6 R e s u l t s 17 Staying the Strategic Course to Continue Shareholder Value Creation − Strong momentum heading into Q2 − Consumption trends leading to market share gains − Retail environment continues to present headwinds − Revenue outlook +20% to +23% for 1H FY 16, F
Slide 18: Q&A
F i r s t Q u a r t e r F Y 1 6 R e s u l t s 18 Q&A
Slide 19: Appendix
F i r s t Q u a r t e r F Y 1 6 R e s u l t s 19 Appendix (1) Revenue Growth on a constant currency basis is a Non-GAAP financial measure and is reconciled to its most closely related GAAP financial measure in our earnings release in the “About Non-GAAP Financial Measures” section. (2) Adjusted Gros
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