Slide 1: Q1 2015 Earnings Call Presentation
Q1 2015 Earnings Call Presentation May 1, 2015
Slide 2: Forward-looking Statements
Forward-looking Statements Statements in this presentation that are not historical in nature constitute forward-looking statements. These forward-looking statements relate to information or assumptions about the effects of sales, income/(loss), earnings per share, operating income, operating margin
Slide 3: Q1 2015 Summary
Q1 2015 Summary Net sales of $1.26 billion grew 4.1% compared with $1.21 billion in the prior year Core sales grew 4.7%, driven by Writing, Commercial Products and Tools growth of 7.4% Normalized gross margin improved 50 bps to 38.8% with productivity, input cost deflation and pricing more tha
Slide 4: Q1 2015: Core Sales Growth by Segment
Q1 2015: Core Sales Growth by Segment Acquisitions Net Sales Currency Core Sales & Planned % % % Divestitures % Writing (1.8)% (10.8)% -- 9.0% Home Solutions 15.2 (1.0) 15.3% 0.9 Tools (3.9) (7.1) -- 3.2 Commercial Products 1.4 (3.0) (4.6) 9.0 Baby & Parenting 7.1 (3.9) 10.2 0.8 Total Company 4.1% (
Slide 5: Strong Core Growth in Win Bigger Businesses
Strong Core Growth in Win Bigger Businesses Q1 2015 core sales +7.4% Writing Tools Commercial Products 5
Slide 6: Return to Growth in Baby with Core Sales Up High Single-Digits in North America
Return to Growth in Baby with Core Sales Up High Single-Digits in North America Outstanding Campaign Creative Strong In-Store Execution 6
Slide 7: Strong Acquisition Performance
Strong Acquisition Performance 7
Slide 8: Growth Acceleration and Margin Expansion
Growth Acceleration and Margin Expansion Normalized Gross Margin Normalized Operating Margin 39.0% 12.5% +50 bps 38.8% 12.0% +90 bps 12.1% 38.5% 11.5% 38.3% 38.0% 11.0% 11.2% 37.5% 10.5% 37.0% 10.0% Q1 2014 Q1 2015 Q1 2014 Q1 2015 8
Slide 9: Expanded Project Renewal Phase 3
Expanded Project Renewal Phase 3 Project Renewal Total Project Renewal 1 & 2 Renewal 3 Renewal $ Millions Costs $340 - $375M $350M $690 - $725 Savings* $270 - $325M $350M $620 - $675 payback ~1.5 years * Annualized Savings 9
Slide 10: FY 2015 Outlook
FY 2015 Outlook FY 2015 Outlook* Core Sales 3.5% to 4.5% Currency (4.5)% to (5.5)% Acquisitions, Net of Planned Divestitures 4.0% to 5.0% Net Sales Growth 3.0% to 4.0% Normalized EPS** $2.10 to $2.18 * Reflects outlook communicated in the May 1, 2015 Q1 2015 Earnings Release and Earnings Call ** See
Slide 11: Appendix
NewellRubbermaid Brands That Matter Appendix Shanpee. 1Oxs IRWIN. PaporsMate: Gow LEVOLOR
Slide 12: Reconciliation: FY 2015 Normalized EPS
Reconciliation: FY 2015 Normalized EPS Newell Rubbermaid Inc. Reconciliation of Normalized EPS Guidance Year Ending December 31, 2015 Year Ending December 31, 2015 Diluted earnings per share $ 1.63 to $ 1.81 Graco product recall $ 0.03 Restructuring and other Project Renewal costs $ 0.26 to $ 0.40 A
Slide 13: Reconciliation: Q1 2015 GAAP & Non-GAAP Certain Line Items
Reconciliation: Q1 2015 GAAP & Non-GAAP Certain Line Items Newell Rubbermaid Inc. RECONCILIATION OF GAAP AND NON-GAAP INFORMATION CERTAIN LINE ITEMS (in millions, except per share data) Three Months Ended March 31, 2015 GAAP Measure Project Renewal Costs (2) Inventory charge from Acquisition Non-GAA
Slide 14: Reconciliation: Q1 2014 GAAP & Non-GAAP Certain Line Items
Reconciliation: Q1 2014 GAAP & Non-GAAP Certain Line Items Newell Rubbermaid Inc. RECONCILIATION OF GAAP AND NON-GAAP INFORMATION CERTAIN LINE ITEMS (in millions, except per share data) Three Months Ended March 31, 2014 GAAP Measure Restructuring and Charge resulting from Non-GAAP Measure Product re
Slide 15: Reconciliation: Q1 2015/2014 Segment Normalized Operating Income/Margin
Reconciliation: Q1 2015/2014 Segment Normalized Operating Income/Margin Newell Rubbermaid Inc. Financial Worksheet- Segment Reporting (In Millions) 2015 2014 Reconciliation (1,2,3,4) Reconciliation (1,2) Year-over-year changes Reported Excluded Normalized Operating Reported Excluded Normalized Opera
Slide 16: Reconciliation: Q1 2015 Core Sales
Reconciliation: Q1 2015 Core Sales Newell Rubbermaid Inc. Three Months Ended March 31, 2015 In Millions Currency Analysis By Segment Net Sales, Core As Reported Sales (1) Year-Over-Year Less Less Constant Inc. (Dec.) Excl. Increase (Decrease) Increase Planned Less 2015 Planned 2014 Currency Planned