INVESTOR PRESENTATION MAY 2020
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 Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of Edgewell Personal Care Company (“the Company”). Forward -looking statements generally can be identified by the use of words or phrases such as "believe," "expect," "expectation," "anticipate," "may," "could," "intend," "belief," "estimate," "plan," "target," "predict," "likely," "will," "should," "forecast," "outlook," or other similar words or phrases. These statements are not based on historical facts, but instead reflect the Company’s expe ctations, estimates or projections concerning future results or events, including, without limitation, the future earnings and performance of Edgewell or any of its businesses, growth trends, and product innovation and service to meet customer needs. Many factors outside our control (including the ongoing COVID-19 outbreak), could affect the realization of these estimates. These statements are not guarantees of performance and are inherently subject to known and unknown risks, uncertainties and assumptions that are difficult to predict and could cause the Company's actual results to differ materially from those indicated by those statements. The Company cannot assure you that any of its expectations, estimates or projections will be achieved. The forward-looking statements included in this document are only made as of the date of this document and the Company disclaims any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. In all cases where historical performance is presented, please note that past performance is not a reliable indicator of future results and should not be relied upon as the basis for making an investment decision. In addition, other risks and uncertainties not presently known to the Company or that it presently considers immaterial could significantly affect the accuracy of any such forward-looking statements. Risks and uncertainties include those detailed from time to time in the Company's publicly filed documents, including in Item 1A. Risk Factors of Part I of the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on November 26, 2019 and in Item 1A. Risk Factors of Part II of the Company’s Quarterly Reports on Form 10 -Q filed with the SEC. Certain product information, competitive position data and market trends contained in this presentation have been prepared internally and have not been verified by any third party. Use of different methods for preparing, calculating or presenting such information may lead to different results and such differences may be material. In addition, certain industry and market data described in this presentation was obtained from industry and general publications and research, surveys and studies conducted by third parties. While the Company believes this information is reliable and appropriate, such information has not been verified by any independent source. You are cautioned not to place undue reliance on this product, competitive and market information or on this industry and market data. Non-GAAP Financial Measures. While the Company reports financial results in accordance with generally accepted accounting principles ("GAAP") in the U.S., this discussion also includes non-GAAP measures. These non-GAAP measures are referred to as "adjusted" or "organic" and exclude items such as restructuring charges, Harry's combination and integration planning costs, and expenses associated with the sale of the Infant and Pet Care business. Reconciliations of non-GAAP measures, including reconciliations of measures related to the Company's fiscal 2020 financial outlook, are included within the Notes to Condensed Consolidated Financial Statements included with this presentation. This non-GAAP information is provided as a supplement to, not as a substitute for, or as superior to, measures of financial performance prepared in accordance with GAAP. The Company uses this non-GAAP information internally to make operating decisions and believes it is helpful to investors because it allows more meaningful period-to-period comparisons of ongoing operating results. The information can also be used to perform analysis and to better identify operating trends that may otherwise be masked or distorted by the types of items that are excluded. This non-GAAP information is a component in determining management's incentive compensation. Finally, the Company believes this information provides a higher degree of transparency. The following provides additional detail on the Company’s non -GAAP measures.
Agenda 1 EDGEWELL OVERVIEW 2 KEY INVESTMENT HIGHLIGHTS 3 COVID-19 UPDATE 4 HISTORICAL FINANCIALS 5 APPENDIX
Today’s Presenters 1 Rod R. Little Dan Sullivan Chief Financial Officer President and CEO 4
THE EDGEWELL BUSINESS: Foundational Efforts And Strengthening Performance HIGHLY CONFIDENTIAL HIGHLY CONFIDENTIAL
Where We Are Coming From… and the Strategic Path Forward • In 2015 we were spun out of Energizer with a strong portfolio of brand and products, but also with some loss of stability and capability • Significant progress has been made in the past 12 to 18 months to stabilize the foundations of the business, and lay the groundwork for future success – there is further work to do here in the coming years • Harry’s presented a unique opportunity to potentially accelerate these efforts , but with that option no longer viable, we are leveraging our learnings to find a more gradual way to build talent, culture, and consumer centricity • We are now moving forward , building on the stabilization of the business that we have seen, while defining a new path forward for the business • Heightened focus on being consumer centric across all processes • Emphasis on building out digital capabilities, customer engagement and online activation • Reevaluating category disruption and our value proposition to retail partners • Focus on branding, innovation and investing in productive retail partnerships • We can now take a holistic approach to the business by addressing capability gaps and reshaping our portfolio to gain exposure to faster growing areas of personal care and reinforce our business model 6
Edgewell Value Creation Strategy Benefiting from new leadership team Leveraging a Portfolio of Well Established Brands and Global Scale Edgewell has a strong foundation at Growing in Core Categories the core of its Improving the Fundamentals ongoing strategic work to drive growth Operating Efficiently through Project Fuel and value creation Building on Unparalleled Technology and Intellectual Property Executing a Balanced Capital Allocation Strategy 7
A Refreshed Senior Leadership Team Focused on Execution and Creating Value Rod Little Dan Sullivan Colin Hutchison President and Chief Financial Chief Operating Chief Executive Officer Officer Officer Paul Hibbert John Hill Anne-Sophie Gaget Marisa Iasenza Chief Human VP, Global Supply VP, Global Strategy Chief Legal Officer Resources Officer Chain and Operations And Innovation New to EPC 8 Note: The Company is also in the final steps of a process to appoint a new President for its North America business
Edgewell Business at a Glance PORTFOLIO OF BRANDS FEMININE WET SHAVE CARE SUN & SKIN CARE FY2019 REVENUE MIX BY SEGMENT (1) FY2019 REVENUE MIX BY PRODUCT (1) Shaving Gels & Creams Skin Care Femcare Products 7% 15% 7% Tampons, Pads 15% & Liners Razors & Blades 55% 23% Wet Shave Sun & Skin 62% 16% Sun Care Products FY2019 Geographical Mix: 54% United States & 46% International 9 (1) Excludes Pet & Infant Care.
Recommend
More recommend
