Spectrum Brands Holdings, Inc. · NYSE:SPB
Spectrum Brands — Q2 2026 Earnings Presentation
26 slides from Spectrum Brands's earnings presentation, May 7, 2026
Slide 1: Fiscal 2026 Second Quarter Earnings Call
Fiscal 2026 Second Quarter Earnings Call May 7, 2026
Slide 2: Introduction and speakers
• Introduction – Jen Schultz Division Vice President, FP&A and Investor Relations • CEO Overview – David Maura Chairman and Chief Executive Officer • Financial & Business Review – Faisal Qadir Chief Financial Officer • Q&A – David Maura and Faisal Qadir
Slide 3: Forward-looking Statements
Forward-looking Statements 3 We have made or implied certain forward-looking statements in this document. Statements or expectations regarding our business and M&A strategy, macroeconomic headwinds, U.S. trade policy, our use of share repurchase plans, ERP platform transformation and productivity ex
Slide 4: Non-GAAP Financial Measures
Non-GAAP Financial Measures 4 Our consolidated results contain non-GAAP metrics such as organic net sales, adjusted EBITDA, adjusted EBITDA margin, adjusted EPS and adjusted Free Cash Flow. While we believe organic net sales and adjusted EBITDA are useful supplemental information, such adjusted resu
Slide 5: CEO Overview
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ CEO Overview (pACKWOOn¢ . David Maura (Fie | ) SWEAT RESISTANT REPELS MosauITOES
Slide 6: Second Quarter Headlines
Second Quarter Headlines 6 Summary Delivered growth in Q2 Net Sales and Adjusted EBITDA, +4.9% and +17.8%, respectively Navigating dynamic macroeconomic environment in light of geopolitical tensions and evolving U.S. trade policy Ended the quarter with net leverage of 1.66x, well below our long term
Slide 7: FY26 Priorities
FY26 Priorities 7 • Remain cost competitive • Maintain healthy balance sheet • Embrace technological advances • Reduce complexity • Continue successful implementation of SAP S4/Hana • Drive innovation and accelerate market penetration • Elevate talent • Invest in development • Return to growth in GP
Slide 8: FY26 Earnings Framework
FY26 Earnings Framework 8 NET ADJUSTED ADJUSTED FREE SALES EBITDA CASH FLOW Flat to low single-digit Low to mid single-digit ~ 50% Adjusted EBITDA growth to prior year growth to prior year Conversion Expect return to growth in GPC and Sales growth in GPC and H&G, cost H&G offset by anticipated decli
Slide 9: Financial and Business Review
Financial and Business Review Faisal Qadir
Slide 10: Second Quarter 2026
Second Quarter 2026 10 KEY TAKEAWAYS Net Sales Adj. EBITDA • Organic net sales increased with strong performance in GPC and H&G, benefiting from favorable weather patterns and 4.9% 17.8% accelerated retail ordering as key brands in both businesses gained market share, partially offset by HPC which e
Slide 11: Second Quarter Financial Review
Second Quarter Financial Review 11 Interest Expense -$0.2 vs. LY $0.6B $0.1B Debt outstanding Cash and cash equivalents Revolver Usage(1) $29M $471M Cash strategic transactions, restructuring, and other unusual, non-recurring items -$1.1M vs. LY Ended the period at 1.66x net leverage (1) In use revo
Slide 12: Second Quarter 2026 Global Pet Care
Second Quarter 2026 Global Pet Care 12 Net Sales Adj. EBITDA KEY TAKEAWAYS 11.2% 13.6% • Organic net sales increased due to continued strength of our key Companion Animal brands and increased sales in the Aquatics business • Adjusted EBITDA increased due to higher sales volume, pricing and cost impr
Slide 13: Second Quarter 2026 Home & Garden
Second Quarter 2026 Home & Garden 13 Fourth Quarter 2023 N e t S a l e s Adj. EBITDA KEY TAKEAWAYS Home & Garden 11.3% 30.3% • Organic net sales increased due to market share gains across key brands and favorable weather trends, which helped drive retail point-of-sale activity • Higher EBITDA increa
Slide 14: Second Quarter 2026 Home & Personal Care
Second Quarter 2026 Home & Personal Care 14 Net Sales Adj. EBITDA KEY TAKEAWAYS -5.5% 11.0% • Organic net sales decreased driven by category demand softness in NA and EMEA partially offset by continued strength in LATAM • Adjusted EBITDA increased due to pricing, cost improvement initiatives, lower
Slide 15: FY26 Earnings Framework
FY26 Earnings Framework 15 NET ADJUSTED ADJUSTED FREE SALES EBITDA CASH FLOW Flat to low single-digit Low to mid single-digit ~ 50% Adjusted EBITDA growth to prior year growth to prior year Conversion Expect return to growth in GPC and Sales growth in GPC and H&G, cost H&G offset by anticipated decl
Slide 16: FY26 Full Year Expectations
FY26 Full Year Expectations 16 Cash Taxes Cash Transactions CAPEX D&A $40M - $50M $25M - $35M $50M - $60M $115M - $125M Cash Payments of Cash Taxes Restructuring, Optimization Capital Expenditures Depreciation and and Strategic Initiatives Amortization
Slide 17: CEO Takeaways
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ CEO Takeaways (pACKWOOn¢ . David Maura (Fie | ) SWEAT RESISTANT REPELS MosauITOES
Slide 18: CEO Key Takeaways
CEO Key Takeaways 18 STRONG MOMENTUM IN 1H FY26 • Delivered sales and Adj EBITDA growth in Q2 driven by Global Pet Care and Home & Garden 1 • Home & Personal Care categories remain challenged, focus on maximizing profitability • Continued disciplined expense management 2H FY26 FOCUS & EARNINGS FRAME
Slide 19: Appendix
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ Appendix SWEAT ] RESISTANT REPELS MosauITOES
Slide 20: Condensed Consolidated Statements of Income
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ ‘SPECTRUM BRANDS HOLDINGS, INC. ‘CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) “Three Month Periods Ended ‘Six Month Periods Ended {in millions, except per share amounts) (March 29, 2026 March 30, 2025 March 29, 2026 _ March 30,2025, Net sales
Slide 21: Condensed Consolidated Statements of Cash Flow
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ SPECTRUM BRANDS HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) ‘Six Month Periods Ended {in millions) March 29, 2026 March 30, 2025 Cash flows from operating activities Net cash provided (used) by operating activities from con
Slide 22: Condensed Consolidated Statements of Financial Position
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ ‘SPECTRUM BRANDS HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) (in millions) March 29, 2026 2025 ‘Assets Cash and cash equivalents $ si $ Trade receivables, net Other receivables Inventories Prepaid expenses and othe
Slide 23: Other Supplemental Information: Net Sales and Organic Net Sales
‘SPECTRUM BRANDS HOLDINGS, INC. OTHER SUPPLEMENTAL INFORMATION (Unaudited) NET SALES AND ORGANIC NET SALES. The following is a summary of net sales by segment for the three and six month periods ended March 29, 2026 and March 30, 2025, respectively. ‘Three Month Periods Ended ‘Six Month Periods Ende
Slide 24: Other Supplemental Information: Adjusted EBITDA
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ ‘SPECTRUM BRANDS HOLDINGS, INC. OTHER SUPPLEMENTAL INFORMATION (Unaudited) ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN The following is a reconciliation of reported net income from continuing operations to adjusted EBITDA and adjusted EBITDA margin for t
Slide 25: Other Supplemental Information: Adjusted Diluted EPS
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ ‘SPECTRUM BRANDS HOLDINGS, INC. OTHER SUPPLEMENTAL INFORMATION (Unaudited) ADJUSTED DILUTED EPS The following is a reconciliation of reported diluted EPS from continuing operations to adjusted diluted EPS from continuing operations for the three and six
Slide 26: Other Supplemental Information: Adjusted Free Cash Flow
SPECTRUM BRANDS HOLDINGS, INC. OTHER SUPPLEMENTAL INFORMATION (Unaudited) ADJUSTED FREE CASH FLOW The following is a reconciliation of reported operating cash flow from continuing operations to adjusted free cash flow for the six month periods ended March 29, 2026 and March 30, 2025, respectively. S
Spectrum Brands Holdings — Q2 2026 Earnings Presentation on 6ix