Edgewell Personal Care Company · NYSE:EPC
Edgewell Personal Care — Q3 2020 Earnings Presentation
20 slides from Edgewell Personal Care's earnings presentation, Aug 3, 2020
Slide 1: EPC Q3 2020 Earnings Supplementary Slides
EPC Q3 2020 EARNINGS SUPPLEMENTARY SLIDES
Slide 2: Forward-Looking Statements
Forward-Looking Statements. This document contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on these statements. The Private Securities Litigation Reform Ac
Slide 3: Agenda
Agenda 1 COVID-19 RESPONSE: THREE KEY AREAS OF FOCUS 2 Q3 AND YTD FINANCIAL PERFORMANCE 3 Q3 OPERATIONAL HIGHLIGHTS 4 CREMO ACQUISITION HIGHLIGHTS 5 APPENDIX 3
Slide 4: COVID-19 Update
COVID-19 UPDATE
Slide 5: COVID-19 Response: Three Key Areas of Focus
COVID-19 Response: Three Key Areas of Focus 1. The health and safety of our colleagues i. Protocols put in place a quarter ago have helped ensure on-going safety and wellbeing of colleagues. ii. Beginning process of bringing teams back to offices around the world, on a voluntary basis. 2. Ensuring t
Slide 6: Q3 and YTD Financial Performance
Q3 AND YTD FINANCIAL PERFORMANCE
Slide 7: Q3 and YTD Financial Highlights
Q3 and YTD Financial Highlights • Organic net sales (14.7%) y/y, ($ in millions) YTD YTD Q3 2020 Q3 2019 2020 2019 excluding the impact from the sale of the Infant and Pet Care business Wet Shave $278.0 $327.7 $835.5 $909.8 and the negative translational $136.9 impact from FX. Management Sun and Ski
Slide 8: Q3 Operational Highlights
Q3 OPERATIONAL HIGHLIGHTS
Slide 9: Q3 Operational Highlights
Q3 Operational Highlights • Maintained seamless global operations and further strengthened the balance sheet with issuance of 2028 Notes • Further developing long-term strategy; certain key pillars already established with continued focus on execution in the near-term – Project Fuel delivering gross
Slide 10: CREMO Acquisition Highlights
CREMO ACQUISITION HIGHLIGHTS
Slide 11: ASTSHAVE BM =
ar ASTSHAVE BM = ae. VEdgewell CREMO “
Slide 12: CREMO Acquisition: Transaction Overview
CREMO Acquisition: Transaction Overview • Edgewell enters into definitive agreement to acquire CREMO in an all cash transaction with a purchase price of approximately $235 million – Transaction expected to close by the end of first fiscal quarter 2021 • CREMO generated net revenue of approximately $
Slide 13: CREMO Overview: Delivering "Barber Grade" Quality Products
CREMO Overview: Delivering “Barber Grade” Quality Products The barber grade seal stands for quality, efficacy, reliability PREMIUM INGREDIENTS BEARD CARE UNCOMPROMISING STANDARDS TRANSPARENT PACKAGING • One of the strongest and fastest growing SHAVE CARE “Masstige” brands, with broad distribution ac
Slide 14: Offers A Full Range of Products Across the Men's Grooming Category
Offers A Full Range of Products Across the Men’s Grooming Category 2019 Gross Sales Breakdown Other Shampoo 5% 5% Gifting 7% 33% Beard Styling 12% 12% Body Wash 26% Shave Preps
Slide 15: Differentiated Positioning in the "Masstige" Segment
Differentiated Positioning in the “Masstige” Segment MASS “MASSTIGE” PRESTIGE SHAVE CARE BEARD CARE HAIR CARE BODY CARE 15
Slide 16: Why CREMO? Strategic Rationale
Why CREMO? Strategic Rationale • Fast Growing Men’s Grooming Segment – Largest insurgent brand in US men’s grooming segment • Demonstrated Capabilities – Market leading innovations with premium positioning • Profitable Business – Strong margin and cash flow profile • Diversified Product Portfolio –
Slide 17: VEdgewell CREMO °
ae. VEdgewell CREMO °
Slide 18: Appendix
APPENDIX
Slide 19: Adjusted Operating Income Reconciliation
Adjusted Operating Income Reconciliation 19
Slide 20: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation Quarter Ended June 30, Nine Months Ended June 30, 2020 2019 2020 2019 Net earnings (loss) $ 4.7 $ (460.7) $ 46.6 $ (412.9) Income tax provision (benefit) 0.6 (42.0) 16.5 (18.5) Interest expense, net 15.7 15.4 43.4 47.7 Depreciation and amortization 21.0 22.8 65.5 69.2
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