Energizer Holdings, Inc. · NYSE:ENR
Energizer — Q2 2020 Earnings Presentation
10 slides from Energizer's earnings presentation, May 7, 2020
Slide 1: Fiscal Q2 2020 Earnings
Exhibit 99.2 Fiscal Q2 2020 Earnings + May 7, 2020
Slide 2: Forward-Looking Statements and non-GAAP Financial Measures
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 identifi
Slide 3: Forward-Looking Statements & non-GAAP Financial Measures
Forward-Looking Statements & 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 upda
Slide 4: Energizer's priorities during COVID-19
Energizer’s priorities during COVID-19 Health & safety of colleagues and meet the needs of customers and consumers customers Preserve sufficient liquidity to address the uncertainties that lie ahead Continue execution of long-term strategic objectives 4
Slide 5: Organic sales growth driven by distribution gains and surge in demand for batteries
Organic sales growth driven by distribution gains and surge in demand for batteries in response to COVID-19 Consolidated Net Sales Organic Net Sales Performance* $ USD Millions $587.0 + Increased distribution in U.S. and several $556.4 international markets (+190 basis points) + Replenishment volume
Slide 6: Strong year-over-year gains driven by synergies and organic growth
Strong year-over-year gains driven by contributions from synergies and organic growth Adjusted Gross Profit Margin* Impacts on Adjusted Gross Margin* + Contribution from synergies 41.6% 40.6% + Lower raw material costs +100 bps - Foreign currency headwinds - Operational costs related to COVID-19 FY
Slide 7: Increased liquidity as a precautionary measure to address COVID-19
Increased liquidity as a precautionary measure to address COVID-19 and associated recession Debt Maturity Profile1 As of 3/31/20 on a fiscal year basis Enhanced Financial Position $250 (as of May 1, 2020) + Nearly $600 million of cash on hand $1,506 with 2/3rd held in the U.S. + Approximately $200 m
Slide 8: Appendix
Appendix 8
Slide 9: Non-GAAP Reconciliation: Net Sales
Non-GAAP Reconciliation: Net Sales (amounts 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 rates as
Slide 10: Non-GAAP Reconciliations: Gross Profit Margin
Non-GAAP Reconciliations: Gross Profit Margin (amounts in millions) Adjusted Gross Margin as a percent of sales excludes the impact of costs related to acquisition and integration. 10