Edgewell Personal Care Company · NYSE:EPC
Edgewell Personal Care — Barclays Global Consumer Staples Conference 2021
27 slides from Edgewell Personal Care's conference presentation, Sep 9, 2021
Slide 1: Barclays Global Consumer Staples Conference
Barclays Global Consumer Staples Conference September 9, 2021 • PAGE 1
Slide 2: 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 statemen
Slide 3: 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“, "organic" or “underlying” and exclude item
Slide 4: Today's Speakers
Today’s Speakers Rod R. Little Dan Sullivan President and CEO Chief Financial Officer Page 4 BOS 20201120 EPC investor da ... 1-6 v3
Slide 5: Agenda
Agenda Overview of Edgewell Rod Little, Chief Executive Officer A strong core Rod Little Our strategy Executing a compelling new growth strategy Our long-term financial profile Dan Sullivan, Chief Financial Officer What you can expect from us Fiscal 2021 progress Dan Sullivan Our business performanc
Slide 6: Key Takeaways for Today
Key Takeaways for Today A strong core: Delivering on our commitments: We have high quality brands, strong We have solidified our topline financial fundamentals and unique performance, executed on our cost savings manufacturing capabilities program and continued to deliver on our external commitments
Slide 7: Strong Brands in Compelling Categories
Strong Brands in Compelling Categories Men’s Women’s Grooming Feminine Care Sun Hygiene Page 7 BOS 20201120 EPC investor da ... 1-6 v3
Slide 8: Globally Scaled Operational and Commercial Capabilities
Globally Scaled Operational and Commercial Capabilities Global sourcing World class Flexible, efficient Commercial capabilities manufacturing supply chain Innovation and R&D capabilities Sourcing of Best in class Quick supply chain that Leading edge innovation Access to scale markets high grade mate
Slide 9: our strategy
our strategy Page 9 BOS 20201120 EPC investor day mate ...
Slide 10: Page 10
Page 10 BOS 20201120 EPC investor da ... 1-6 v3
Slide 11: #1: Our global approach is centered around the consumer
#1: Our global approach is centered around the consumer Consumer trends, needs, Branding elevation & Behaviors and values simplification Innovation & Sustainability Brand Creatives and Lab Consumer New Innovation machine Consumer engagement machine Page 11 BOS 20201120 EPC investor da ... 1-6 v3
Slide 12: #2: Our innovation engine caters to the needs and trends of consumers
#2: Our innovation engine caters to the needs and trends of consumers Leading edge innovation Brand & design innovation Agile innovation platform Develop Science and Invent the platform Better serve unique regional needs, Win with design and of tomorrow with 4 R&D centers and approx. 70 co-developme
Slide 13: #3: As a complement to organic innovation, we have made portfolio-shaping M&A decisions
#3: As a complement to organic innovation, we have made portfolio-shaping M&A decisions ACQUIRED DIVESTED We’ve successfully utilized M&A to fill category needs/complement category strengths and bolster capabilities Page 13 BOS 20201120 EPC investor da ... 1-6 v3
Slide 14: #4: We're executing an omni-channel approach
#4: We’re executing an omni-channel approach -- expanding retail partnerships while providing a seamless digital experience for the shopper 1 We’ve coordinated channel activity 2 We’ve built a digital marketing backbone Digital excellence across In house performance marketing omni, Amazon/pureplay,
Slide 15: #5: We're embedding sustainability in the core of our business model
#5: We’re embedding sustainability in the core of our business model Our sustainability strategy supports EPC’s business strategy and enables us to connect and build trust with our customers, consumers, colleagues, and investors Page 15 BOS 20201120 EPC investor da ... 1-6 v3
Slide 16: #6: While activating a compelling, people-driven culture
#6: While activating a compelling, people-driven culture Page 16 BOS 20201120 EPC investor da ... 1-6 v3
Slide 17: our long-term financial profile
our long-term financial profile Page 17 BOS 20201120 EPC investor day mate ...
Slide 18: Enabling Value Creation
Enabling Value Creation Deliver Organic Topline Growth Reshaped portfolio as the catalyst for sustainable organic growth Clear and compelling strategy to drive consistent organic growth Save to Strategically Invest Continued savings initiatives fund disciplined reinvestment in brands and Continuous
Slide 19: A Balanced Portfolio for Sustainable Growth
DELIVER ORGANIC TOPLINE GROWTH A Balanced Portfolio for Sustainable Growth Total Right to Win Right to Play Edgewell Organic Net 10 – 15% Sales Growth Outlook +2-3% Growth Flat to -1% Note: Internal management estimates. Page 19 BOS 20201120 EPC investor day mate ...
Slide 20: Continuous Cost Improvement
S AV E TO S T R AT E G I C A L LY I N V E S T Continuous Cost Improvement Following Successful execution of the Fuel program ($280M in realized gross savings), we have already developed plans to unlock an additional $125M Gross Savings over the next 2+ years $125M Additional Increased organizational
Slide 21: Strengthened Gross Margins
DRIVE CONSISTENT GROSS MARGIN PERFORMANCE Strengthened Gross Margins Strong track record of Enhanced revenue delivering cost savings management Margin accretive innovation Page 21 BOS 20201120 EPC investor day mate ...
Slide 22: Balanced Approach to Cash Priorities
P R I O R I T I Z E C A P I TA L A L L O C AT I O N Balanced Approach to Cash Priorities Investing in our brands and growth opportunities, accretive M&A, Invest for growth capex for innovation and productivity Improve capital return Return of cash to shareholders through the initiation of a dividend
Slide 23: A Long-Term Financial Algorithm
A Long-Term Financial Algorithm Leveraging clear Right to Win 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 stance towards our
Slide 24: delivering results
delivering results Page 24 BOS 20201120 EPC investor day mate ...
Slide 25: Over the last two years, we have significantly strengthened our business model
Over the last two years, we have significantly strengthened our business model…. Demonstrated Cost Consumer Focused Enhanced Commercial Disciplined Capital Reduction Innovation Capabilities Management Page 25 BOS 20201120 EPC investor day mate ...
Slide 26: ....with demonstrated impact in our results
….with demonstrated impact in our results Fiscal 2021 Outlook(1) Organic topline growth at the top 2% - 3% ~ 3% end of our long-term range Organic Net Sales growth Organic Net Sales growth • Strong gross margin results Strong gross margin delivery despite • Step-up commercial investments macro chall
Slide 27: Q&A
Q&A Page 27 BOS 20201120 EPC investor day mate ...
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