Acco Brands Corporation · NYSE:ACCO
Acco Brands — Q3 2025 Earnings Presentation
28 slides from Acco Brands's earnings presentation, Oct 31, 2025
Slide 1: Q3 2025 Earnings Conference Call
ACCO BRANDS Q3 2025 EARNINGS CONFERENCE CALL October 31, 2025
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Statements contained herein, other than statements of historical fact, particularly those anticipating future regulatory, compliance and other risks in such markets; the continued decline in the use of certain of our financial performance, business prospects, growth, strat
Slide 3: Reg. G Non-GAAP Financial Measures
REG. G NON-GAAP FINANCIAL MEASURES An explanation of how we calculate each of our Non-GAAP financial measures and a reconciliation of our current period and historical non-GAAP financial measures to the most directly comparable GAAP financial measures can be found at the end of this presentation. We
Slide 4: 3Q 2025 Highlights
3Q 2025 HIGHLIGHTS ▪ Sales impacted by lower demand, but expect improved sales trends in the fourth quarter ▪ For the N.A. back-to-school season, our brands gained market share, despite sales being impacted by tariff- related actions by retailers ▪ Executing on $100 million multi-year cost reduction
Slide 5: PowerA Supports Launch
POWERA SUPPORTS LAUNCH Selected as one of the few officially licensed third- party partners at launch First to market with licensed wireless controllers for Switch 2 (late October 2025) Exclusive character IP controllers expected to be the only licensed wireless offerings in market through 2025 Robu
Slide 6: New Product Spotlight
NEW PRODUCT SPOTLIGHT West Village by Leitz ergonomic products not only look good, but also help you move more, sit better, and feel West Village by Mead blends modern elegance with intentional design, creating versatile energized at your workplace every day. solutions that bring style and function
Slide 7: Multi-Year Cost Reduction Program
MULTI-YEAR COST REDUCTION PROGRAM Total Program Targeting At Least $100M in Cost Savings ▪ Total savings of over $50 million since inception of the program ▪ Achieved approximately $10 million in savings in Q3 2025 ▪ Combination of lower headcount, lower discretionary spend and footprint rationaliza
Slide 8: Financial Results 3Q 2025
FINANCIAL RESULTS 3Q 2025 3 Months Ended 9 Months Ended 3Q 2025 Commentary $ in Millions 2025 2024 %Chg 2025 2024 % Chg ▪ Comparable sales down 10.3%* Net Sales $383.7 $420.9 (8.8%) $1095.9 $1218.1 (10.0%) ▪ Favorable foreign exchange benefited sales by approximately 2% Gross Profit $126.6 $136.9 (7
Slide 9: 3Q Segment Financial Metrics
3Q SEGMENT FINANCIAL METRICS $ in millions 3Q 2025 3Q 2024 Y/Y Change Segment Commentary ACCO Brands Americas Americas Commentary Sales $227.6 $259.1 (12.2%) ▪ Lower demand for office products and weakness in *Comparable Sales $227.2 $259.1 (12.4%) Brazil *Adjusted Operating Income $32.7 $36.7 (10.9
Slide 10: 3Q 2025 Margin Reconciliation
3Q 2025 MARGIN RECONCILIATION 2025 Change vs. Prior Year Items of Significant Impact Bps Gross Profit $126.6M ($10.3M) Pricing/Product Cost 30 Cost Savings 150 Gross Margin 33.0% 50 Bps Fixed Cost Absorption (100) Tariff Impact (100) Mix/FX 70 SG&A $87.4M ($4.8M) Cost Savings (100) Sales Deleverage
Slide 11: Capital Structure
CAPITAL STRUCTURE ($ in millions) Facility Balance1 Interest Rate Methodology Rate USD Revolver2 34 SOFR + CSA4 + 225 bps 6.48% EUR Revolver2 116 EURIBOR+ 225 bps 4.23% AUD Revolver2 39 Australian BBSR + 225 bps 5.89% EUR Term Loan A 103 EURIBOR + 225 bps 4.25% Subtotal Senior secured credit facilit
Slide 12: Historical Net Debt 3Q
HISTORICAL NET DEBT 3Q $ millions Net Debt* $1,200 $1,072.0 $1,000 $1,004.0 $895.7 $800 $812.4 $795.3 $600 $400 $200 $0 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025 1 *Net debt is a Non-GAAP financial measure 12
Slide 13: Adjusted Free Cash Flow
ADJUSTED FREE CASH FLOW Change 1Q 2Q 3Q YTD YTD vs. Adjusted Free Cash Flow Commentary 2025 2025 2025 2025 2024 $ in millions* 2024 Net cash provided by operations 5 (39) 72 38 96 (58) Additions to PP&E (2) (5) (6) (12) (9) (3) ▪ Cash flow seasonally weighted toward second Free Cash Flow 3 (44) 66 2
Slide 14: Full Year 2025 Outlook
FULL YEAR 2025 OUTLOOK Guidance Full Year 2025 Reported Net Sales $1,525 to $1,550 million Reported Net Sales Growth (7.0%) to (8.5%) Foreign Exchange 1% Comparable Sales* (8.0%) to (9.5%) Adjusted EPS $0.83 to $0.90 Approximately $90 million to Adjusted Free Cash Flow* $100 million *Comparable Sale
Slide 15: Capital Allocation
CAPITAL ALLOCATION ▪ Adjusted free cash flow of $42M* Capital Allocation ▪ Closed on small, strategic acquisition during 1Q 2025 ▪ Year-over-year, reduced gross debt by $37M Debt Reduction ▪ 3Q 2025 consolidated leverage ratio of 4.1x* ▪ Announced $0.075 per share quarterly Shareholder dividend on O
Slide 16: Thank You
THANK YOU Earnings Call / October 31, 2025
Slide 17: Appendix
acco BRANDS APPENDIX work. learn. play.
Slide 18: ACCO Brands (NYSE: ACCO) Snapshot
ACCO BRANDS (NYSE: ACCO) SNAPSHOT Collection of Iconic Brands 2024 Key Statistics Free Cash Flow and Capital Allocation ▪ Consistent generator of Free Cash Flow* $1.7B 11.4% Adj. Operating Net Sales Margin* ▪ Consolidated leverage ratio of 3.4x at end of 2024 * ▪ 12 brands account for 75% of net sal
Slide 19: Iconic Collection of Leading Brands
ICONIC COLLECTION OF LEADING BRANDS 12 BRANDS ACCOUNT FOR $1.3 BILLION IN ANNUAL SALES* AMERICAS INTERNATIONAL #1 #1 #1 #1 #1 #1 #1 #1 PowerA Third Five Star Back- Tilibra Student Barrilito Back- Leitz Leitz and Rapid Leitz Spirax Student Party to-School Brand Notetaking to-School Shredding Stapling
Slide 20: Diversified Product Categories
DIVERSIFIED PRODUCT CATEGORIES % of 2024 Product Group Product Categories Key Brands Net Sales Tech Gaming and 19% Accessories Computer Accessories Learning & Note-taking, Boards, 29% Creative Art Products and Writing Stapling, Laminating, Business Tools, Shredding, Filing and Organization, 52% Esse
Slide 21: Tariff Commentary
TARIFF COMMENTARY Well positioned to manage tariff impacts ▪ China plus one approach has enabled quick moves to supply partners globally ▪ Strategic management of supplier base has allowed ACCO Brands to respond appropriately to the evolving tariff landscape ▪ Enhancing global supply chain to ensure
Slide 22: About Non-GAAP Financial Measures
ABOUT NON-GAAP FINANCIAL MEASURES Our non-GAAP financial measures include the following: Comparable Sales: Represents net sales excluding the impact of material acquisitions, if any, with current-period foreign operation sales translated at prior-year currency rates. We believe comparable sales are
Slide 23: Reconciliation of GAAP to Adjusted Non-GAAP Information
acco BRANDS ACCO Brands Corporation and Subsidiaries Reconciliation of GAAP to Adjusted Non-GAAP Information (Unaudited) The following tables set forth a reconciliation of certain Consolidated Statements of Income (Loss) information reported in accordance with GAAP to Adjusted Non- GAAP Information
Slide 24: Reconciliation of GAAP to Adjusted Non-GAAP Information
acco BRANDS ACCO Brands Corporation and Subsidi ries Reconciliation of GAAP to Adjusted Non-GAAP Information (Unaudited) ‘The following tables set forth a reconciliation of certain Consolidated Statements of Income (Loss) information reported in accordance with GAAP to Adjusted Non- GAAP Information
Slide 25: Notes to Reconciliations of GAAP to Adjusted Non-GAAP Information
acco BRANDS Notes to Reconciliations of GAAP to Adjusted Non-GAAP Information and Net Income (Loss) to Adjusted EBITDA (Unaudited) A. The income tax impact of discrete tax items. As of September 30, 2025 and 2024, the Company adjusted its tax rate to 30.0%, respectively. which represents its full ye
Slide 26: Reconciliation of Net Income to Adjusted EBITDA
acco BRANDS ACCO Brands Corporation and Subsidiaries Reconciliation of Net Income (Loss) to Adjusted EBITDA (Unaudited) ‘The following table sets forth a reconciliation of net income (loss) reported in accordance with GAAP to Adjusted EBITDA. ‘Three Months Ended September 30. ¢ Months Ended Septembe
Slide 27: Supplemental Business Segment Information and Reconciliation
acco BRANDS ACCO Brands Corporation and Subsidiaries Supplemental Business Segment Information and Reconciliation (Unaudited) 2025 2024 Changes “Adjusted ‘Adjusted Reported Adjusted Operating Reported Adjusted Operating Adjusted Adjusted Operating Operating ‘Income Operating Operating ‘Income Operat
Slide 28: Supplemental Net Sales Change Analysis
acco BRANDS Q1 2025: ACCO Brands Americas ACCO Brands Intemational Total Q2 2025: ACCO Brands Americas ACCO Brands Intemational Total Q3 2025: ACCO Brands Americas ACCO Brands Intemational Total 2025 YTD: ACCO Brands Americas ACCO Brands Intemational Total ACCO Brands Corporation and Subsidiaries Su