Energizer Holdings, Inc. · NYSE:ENR
Energizer — Q1 2021 Earnings Presentation
18 slides from Energizer's earnings presentation, Feb 8, 2021
Slide 1: Fiscal Q1 Earnings
+ Fiscal Q1 Earnings February 8, 2021 Exhibit 99.2
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
2 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 identi
Slide 3: Forward-Looking Statements and Non-GAAP Financial Measures
3 Forward-Looking Statements and 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
Slide 4: Financial Results First Quarter Fiscal 2021
+ Financial Results First Quarter Fiscal 2021
Slide 5: First Quarter 2021 Key Metrics
METRIC First Quarter 2021 Adjusted EPS* Adjusted Free Cash Flow * Net Debt and Leverage First Quarter $192.4 million, margin 22.7% (GAAP earnings of $67.1 million) First Quarter $90.2 million, 10.6% of net sales (GAAP $76.3 million) • Decreased $46.5 million as expected due to quarter over quarter c
Slide 6: Net sales Q1 Fiscal 2020 to Q1 Fiscal 2021
6 Net sales* Q1 Fiscal 2020 to Q1 Fiscal 2021 * See non-GAAP reconciliations in the Appendix.
Slide 7: Adjusted Gross Margin Q1 Fiscal 2020 to Q1 Fiscal 2021
7 Adjusted Gross Margin* Q1 Fiscal 2020 to Q1 Fiscal 2021 * See non-GAAP reconciliations in the Appendix. (1) Channel, customer and product mix as well as increased operating costs, resulting from increased tariffs associated with higher volumes, commodity costs, and transportation costs, consistent
Slide 8: Adjusted EPS Q1 Fiscal 2020 to Q1 Fiscal 2021
Adjusted EPS* Q1 Fiscal 2020 to Q1 Fiscal 2021 8 * See non-GAAP reconciliations in the Appendix. (1) COVID-19 includes gross margin impact of $11.7 million offset by SG&A savings of $2.2 million.
Slide 9: Adjusted EBITDA Q1 Fiscal 2020 to Q1 Fiscal 2021
Adjusted EBITDA* Q1 Fiscal 2020 to Q1 Fiscal 2021 9 (1) COVID-19 include gross margin impact of $11.7 million offset by SG&A savings of $2.2 million. * See non-GAAP reconciliations in the Appendix.
Slide 10: Outlook Fiscal 2021
+ Outlook Fiscal 2021
Slide 11: Fiscal 2021 Outlook Key Financial Metrics
Fiscal 2021 Outlook Key Financial Metrics METRIC Fiscal 2021 Outlook Adjusted EBITDA* Adjusted Free Cash Flow* Adjusted EPS * $600 to $630 million • Expect to be at the higher end of the range due to strong first quarter organic growth $325 to $350 million $3.10 to $3.40 • Updated previous guidance
Slide 12: Fiscal 2021 Outlook Key Financial Metrics
Fiscal 2021 Outlook Key Financial Metrics METRIC Fiscal 2021 Outlook Capital Spending Normal Operations - $35 to $40 million Acquisition and Integration - $30 to $40 million All comparisons are to Fiscal 2020 comparable reported results. Adjusted Gross Margin Rate Expected to be flat. Includes appro
Slide 13: Appendix Materials
13 Appendix Materials
Slide 14: Non-GAAP Reconciliation: Consolidated Net Sales
14 Non-GAAP Reconciliation: Consolidated Net Sales (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
Slide 15: Non-GAAP Reconciliations: Adjusted Gross Profit Margin
Non-GAAP Reconciliations: Adjusted Gross Profit Margin (in millions) 15 Adjusted Gross Margin as a percent of sales excludes the impact of costs related to acquisition and integration.
Slide 16: Non-GAAP Reconciliation: Adjusted EPS
16 Non-GAAP Reconciliation: Adjusted EPS (in millions, except per share data) (1) (1) The Effective tax rate for the quarters ended December 31, 2020 and 2019 for the Adjusted - Non-GAAP Net Earnings and Diluted EPS was 22.6% and 22.5%, respectively, as calculated utilizing the statutory rate for wh
Slide 17: Non-GAAP Reconciliations: Adjusted EBITDA and Adjusted Free Cash Flow
Non-GAAP Reconciliations: Adjusted EBITDA and Adjusted Free Cash Flow (in millions) 17
Slide 18: Non-GAAP Reconciliations: Fiscal 2021 Outlook
Non-GAAP Reconciliations: Fiscal 2021 Outlook 18