Energizer Holdings, Inc. · NYSE:ENR
Energizer — Q4 FY2019 Earnings Presentation
19 slides from Energizer's earnings presentation, Nov 13, 2019
Slide 1: Fourth Quarter & Fiscal 2019 Supplemental Financial Information
Fourth Quarter & Fiscal 2019 Supplemental Financial Information November 13, 2019 Exhibit 99.2
Slide 2: Key Headlines
Strong finish in the fourth quarter with high single digit organic revenue growth. Generated strong adjusted earnings per share, adjusted EBITDA and adjusted free cash flow growth in the fourth quarter.* Fiscal year 2020 is expected to deliver low single digit organic revenue growth, Adjusted EBITDA
Slide 3: Fourth Quarter Fiscal Year 2019 Results
Fourth Quarter Fiscal Year 2019 Results
Slide 4: Fourth Quarter & Fiscal 2019 Financial Headlines
Fourth Quarter & Fiscal 2019 Financial Headlines Key Financial Highlights METRIC Fiscal 2019 Adjusted EBITDA* Adjusted Free Cash Flow * Net Debt and Leverage * Fourth Quarter $156.9 million, margin 21.8% Fiscal 2019 $545.5 million, margin 21.9% Fiscal 2019 $256.2 million, 10.3% of net sales $3.2 bil
Slide 5: Fourth Quarter 2019 Financial Headlines
Fourth Quarter 2019 Financial Headlines All comparisons are to Fiscal 2018 comparable reported results, excluding acquisition and integration costs. * See non-GAAP reconciliations in the Appendix. METRIC Fourth Quarter 2019 Financial Headlines Net Sales* Gross Margin* A&P SG&A* Net Sales on a report
Slide 6: Fiscal Year 2019 Results
Fiscal Year 2019 Results
Slide 7: Fiscal 2019 Financial Headlines
Fiscal 2019 Financial Headlines METRIC Fiscal 2019 Financial Headlines Net Sales* All comparisons are to Fiscal 2018 comparable reported results, excluding acquisition and integration costs. * See non-GAAP reconciliations in the Appendix. Gross Margin* A&P SG&A* Net sales on a reported basis of $2,4
Slide 8: Other Financial Considerations
Fiscal 2019 Financial Headlines METRIC Other Financial Considerations Interest Expense Non-GAAP Tax Rate* Dividend Share Repurchase Discontinued Operations Interest expense excluding current and prior year acquisition costs of $66 million and $42 million, respectively, was $160 million, up $104 mill
Slide 9: Fiscal Year 2020 Outlook
Fiscal Year 2020 Outlook
Slide 10: Fiscal 2020 Outlook
Fiscal 2020 Outlook METRIC Expected reported increase of 9% to 10%: Includes incremental three months of battery and four months of acquired auto care businesses Organic net sales expected to be up low single digits. Combined battery up 1% to 2% Combined auto care expected to grow 3.5% Fiscal 2020 O
Slide 11: Fiscal 2020 Outlook Key Financial Highlights
Fiscal 2020 Outlook Key Financial Highlights METRIC Fiscal 2020 Outlook Adjusted EBITDA* Adjusted Free Cash Flow* Net Debt and Leverage Adjusted EPS * $610 to $640 million Margin of approximately 22.5% $310 to $340 million Yield of nearly 12% Credit defined net debt leverage ratio of approximately 4
Slide 12: Forward-Looking Statements
Forward-Looking Statements 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 identified by the fact that they do not
Slide 13: Important Presentation Information
Important Presentation Information The information contained herein is preliminary and based on Company data available at the time of the earnings presentation. It speaks only as of the particular date or dates included in the accompanying slides. The Company does not undertake an obligation to, and
Slide 14: Appendix
Appendix
Slide 15: Non-GAAP Reconciliations – Q4 Key Financial Metrics
Non-GAAP Reconciliations – Q4 Key Financial Metrics (amounts in millions) EBITDA is defined as net earnings before income tax provision, interest and depreciation and amortization. Adjusted EBITDA further excludes the impact of the costs related to acquisition and integration and share-based payment
Slide 16: Non-GAAP Reconciliation: Q4 and Fiscal Year 2019 Net Sales
Non-GAAP Reconciliation: Q4 and Fiscal Year 2019 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 cu
Slide 17: Non-GAAP Reconciliations: Gross Margin and SG&A
Non-GAAP Reconciliations: Gross Margin and SG&A (amounts in millions) Adjusted Gross Margin and SG&A as a percent of sales exclude the impact of costs related to acquisition and integration.
Slide 18: Non-GAAP Reconciliations: Q4 and FY 2019 EPS
Non-GAAP Reconciliations: Q4 and FY 2019 EPS (amounts in millions) Adjusted Net Earnings From Continuing Operations and Adjusted Diluted Net Earnings Per Share From Continuing Operations (EPS) exclude the impact of the costs related to acquisition and integration and the one-time impact of the new U
Slide 19: Non-GAAP Reconciliations – 2020 Outlook
Non-GAAP Reconciliations – 2020 Outlook (amounts in millions)