May 2015 FORWARD LOOKING STATEMENTS We are making some forward - - PowerPoint PPT Presentation

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May 2015 FORWARD LOOKING STATEMENTS We are making some forward - - PowerPoint PPT Presentation

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May 2015 FORWARD LOOKING STATEMENTS We are making some forward looking statements today that use words like outlook or target or similar predictive words. Such forward looking statements involve risks and uncertainties detailed in

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May 2015

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FORWARD LOOKING STATEMENTS

We are making some forward looking statements today that use words like “outlook” or “target” or similar predictive

  • words. Such forward looking statements involve risks and

uncertainties detailed in our recent periodic reports as filed in accordance with the Securities and Exchange Act of 1934. These risks and uncertainties may cause actual results to differ materially from our statements today.

Visit www.tupperwarebrands.com or download our Investor Relations app

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OUR GOING FORWARD OBJECTIVE Sustain Tupperware Brands position as the premier, relationship-based global marketer of quality innovative products and brands.

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POWERFUL BUSINESS MODEL EMERGING MARKETS PENETRATION OPPORTUNITY STRATEGY TO INCREASE SALES FORCE AND ACTIVE SELLERS OPERATING LEVERAGE TO INCREASE PROFITABILITY EXPERIENCED GLOBAL MANAGEMENT TEAM SIGNIFICANT RETURN OF CAPITAL TO SHAREHOLDERS

INVEST IN TUPPERWARE BRANDS

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COMMONLY ASKED QUESTIONS

  • Organizational structure
  • How are you organized, by country, by region and globally?
  • What is your level of visibility into the business?
  • Levers for sustainable growth and to mitigate

external forces

  • Opportunities for growth…near term…next decade
  • Uses of cash
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Market:

Managing Director

  • Head of Sales
  • Head of Marketing
  • Head of Finance

3 Global Regions:

  • Americas
  • Europe Africa & Middle East
  • Asia Pacific

Group President Heads of major functional areas

Corporate:

CEO – Leadership Development & Strategic focus COO – Day to day operations Heads of major functional areas

Visibility

Weekly: Reporting & Calls from markets Monthly: Monthly Performance Review,

Formalized calls with markets

Weekly / Daily contact Managing Directors Daily contact Sales Force

Decentralized Structure

> > >

HOW THE BUSINESS IS ORGANIZED

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Average Brazil Distributor Has about 1.5 Team Leaders 100 Managers 2,500 Consultants Sales by Distributor varies by geography

DISTRIBUTOR STRUCTURE BRAZIL

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Sales Office in Sao Paulo 78 Distributors 118 Team Leaders 8,000 Unit Managers 200,000+ Total Sales Force Plant in Rio de Janeiro

Market Coverage 78 Distributors Plant Sales Office

COUNTRY STRUCTURE BRAZIL

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SALES FORCE SIZE

Recruit MORE Retain MORE Activate MORE Sell to MORE Customers Sell HIGHER Priced Products

ACTIVATION PRODUCTIVITY

SALES GROWTH FORMULA MORE SELLERS, SELLING MORE

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LEVERS FOR SUSTAINABLE GROWTH POWERFUL BUSINESS MODEL

Relationship Based Selling Method Direct to Consumer Fundamentals Brand & Product Real Opportunity

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INNOVATIVE & DEMONSTRABLE PRODUCT

COOKWARE & CUTLERY BAKING & OVENWARE KITCHEN TOOLS & GADGETS MICROWAVE WATER & ON THE GO TABLETOP & SERVING KITCHEN PREP FOOD CONSERVATION

Approximately 25% of Sales each year comes from new products introduced in the last two years Around 100 new concepts normally in the innovation pipeline

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A group selling situation or party is held every

1.3 sec

Rent

Advertising

RELATIONSHIP BASED SELLING METHOD

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Earnings Opportunity Career Opportunity

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Part-time Supplemental Income

Super Seller Demonstrator Unit Manager Team Leader Distributor

REAL & COMPELLING SALES FORCE OPPORTUNITY

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SLIDE 14
  • Training
  • Recognition
  • Competition
  • Motivation
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DIRECT TO CONSUMER FUNDAMENTALS

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RECRUIT MORE SELLERS MORE ACTIVE & PRODUCTIVE STAY LONGER

STRENGTHEN THE CORE THROUGH

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DIVERSIFIED GLOBAL PORTFOLIO

2014 SEGMENT SALES AS % OF TOTAL NINE MARKETS OVER $100M

Brazil Fuller Mexico Indonesia $200M + China France Germany Malaysia & Singapore TW Mexico TW U.S. & Canada $100M +

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EMERGING AND ESTABLISHED MARKETS

Established Markets

14% of World’s Population 34% of 2014 Sales 17

Emerging Markets

86% of World’s Population 66% of 2014 Sales
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*Full Year 2014

80%

Tupperware Branded Housewares

20%

Beauty & Personal Care Products

TUPPERWARE AND BEAUTY

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Foreign Currency Raw Material Pricing Inflation Compression in consumer spending Hedge transaction & cash flow FX exposure/ Manage business in local currency Global Purchasing Council, product mix, promotional programs We own the shelf / Price with consumer inflation We are Sellers with our sales force taking us to consumers

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LEVERS TO MITIGATE EXTERNAL FORCES

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Key Sales & Profit Currencies

  • Euro
  • Indonesian rupiah
  • Mexican peso
  • Brazilian real
  • Malaysian ringgit
  • Chinese renminbi

92% of 2014 sales and 100% of net profit from outside the U.S.

BASKET OF GLOBAL CURRENCIES

First Tier Second Tier

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OPPORTUNITES FOR GROWTH

Technology Millennials Emerging Middle Class Urbanization 3rd Billion

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Over $100 Million in 2014 Sales 1 OUTLET PER 260,000 PEOPLE Under $100 Million in 2014 Sales 1 CONSULTANT PER 4,900 PEOPLE

CHINA & INDIA ARE TWO OF OUR LARGEST OPPORTUNITIES FOR PENETRATION

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TUPPERWARE PENETRATION

AVG 1.2 consultants/

1,000 inhabitants

TUPPERWARE BRAZIL Over $200 million in 2014 sales

Market Coverage 78 Distributors Plant Sales Office

1.2 2.1 2.1 1.2 0.8

NORTH NORTHEAST SOUTHEAST SOUTH CENTERWEST

TWO LARGEST COMPETITORS

AVG 6.5 consultants/

1,000 inhabitants

WE STILL HAVE PENETRATION OPPORTUNITIES IN OUR LARGEST MARKETS

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LEVERAGING TECHNOLOGY TO ENABLE THE SALES FORCE

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ENGAGE MILLENNIALS ENHANCE SALES FORCE DIGITAL TOOLS REACH MORE CONSUMERS

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VALUE

STRONG RECORD of

GROWTH

and of RETURNING

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Local currency sales* growth each year 2007–2014

*See GAAP to non-GAAP sales reconciliation for reported sales growth

SOLID HISTORY

  • f GROWTH

5% to 9%

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Annual Pre-tax ROS Improvement from 2003 to 2014*

5% to 13.9%

*Pre-tax ROS shown is excluding items. See GAAP to non-GAAP reconciliation

Average annual local currency margin improvement from 2003 to 2014*

70 bps

STEADY MARGIN IMPROVEMENT

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$0 $50 $100 $150 $200 $250 $300 2009 2010 2011 2012 2013 2014 2015*

$Millions

Net Cash Flow before Financing Activities (Free Cash Flow) GAAP Net Income

28 *High end of guidance range provided in April 22, 2015 Earnings Release. **Impact of changes in foreign currency versus prior year are updated monthly and posted on: http://ir.tupperwarebrands.com/foreign-exchange-impact.cfm GAAP Net Income includes impact of non-cash purchase accounting asset impairment charges GAAP Net Income includes impact of Venezuelan devaluations from balance sheet items

FREE CASH FLOW

(as reported)

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DIVIDENDS AND SHARE REPURCHASES

Annualized Dividend

2011 2012 $1.20 $1.44 2013 2014 $2.48 $2.72

2015 $2.72

$0.22 $0.25 $0.30 $0.36 $0.62 $0.68 $0.68 $0.00 $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 1996-2009 2010 2011 2012 2013 2014 2015

Dividends per Share

+20% Announce 50% Payout target on EPS ex. items

YIELD 4.1%*

+20% +72% +10% EVEN *Yield based on April 24, 2015 closing stock price of $66.41

SHARE REPURCHASES

2007-2014

21.3 MILLION SHARES For $1.3 BILLION

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WE’VE RETURNED $33 PER SHARE FROM 2007 TO 2014

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$1.53 $2.75 $4.84 $6.77 $14.90 $19.82 $29.09 $33.35 $- $10.00 $20.00 $30.00 $40.00 2007 2008 2009 2010 2011 2012 2013 2014

Shares Repurchased Dividends

*2015 assumes no share repurchases, $132M in dividends paid, and 50.3m average diluted shares. Per share amounts are based on each year’s diluted shares.

Graph indicates cumulative return per share from 2007 to 2014

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Outlook*

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Second Quarter 2015 Guidance 2015 Full Year Guidance

USD Sales* (13)% to (11)% (10)% to (8)% GAAP EPS $0.99 – $1.04 $3.80 – $3.90 GAAP Pre-tax ROS 11.8 – 12.1% 11.3 – 11.4% Local Currency Sales +5% to 7% +4 to 6% EPS, excluding items** $1.14 – $1.19 $4.60 – $4.70 Pre-tax ROS, excluding items 13.1% – 13.4% 13.2% – 13.3% FX Impact on EPS comparison, excluding items ($0.40) ($1.13) *Guidance issued as of the April 22, 2015 earnings release. Venezuelan operating activity was translated at 50 bolivars/$ in January 2015, and at the Simadi rate for the remainder of 1Q 2015. Expect to use the Simadi rate, which was approximately 195.0 as of April 20, 2015 to translate future
  • perating activity.
**GAAP to non-GAAP reconciliation attached to 1Q 2015 earnings release
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Full Year 2015 EPS* Outlook

32 *Reflects April 22, 2015 high-end guidance. See information on GAAP basis in appendix
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Pre-Tax ROS, excluding items: 13.3%

GAAP pre-tax ROS 11.4% 2014 Pre-Tax ROS 13.9%

2015 vs. 2014 translation FX

  • 125 bp

2014 Pre-Tax ROS in Local Currency 12.7% 2015 LC Operating Margin Improvement +60 Incremental 2015 interest

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Other/ Rounding 10 2015 High end pretax ROS 13.3%

33 *Pre-tax ROS reflects high end April 22, 2015 guidance Impact of changes in foreign currency versus prior year are updated monthly and posted on: http://ir.tupperwarebrands.com/foreign-exchange-impact.cfm

2015 FULL YEAR ROS OUTLOOK*

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Double Digit EPS Growth driven by:

  • Local Currency Sales: +6% to 8%
  • Emerging markets about 10%
  • Established markets low single digit
  • Pre-Tax ROS, excluding items:
  • 50 bps improvement per year into the mid- to high-teens
  • Some offset from tax rate:
  • Going to 27-28% over time
  • CAPEX $70 - $80 million a year
  • Share repurchases
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LONG RANGE OUTLOOK

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POWERFUL BUSINESS MODEL EMERGING MARKETS PENETRATION OPPORTUNITY STRATEGY TO INCREASE SALES FORCE AND ACTIVE SELLERS OPERATING LEVERAGE TO INCREASE PROFITABILITY EXPERIENCED GLOBAL MANAGEMENT TEAM SIGNIFICANT RETURN OF CAPITAL TO SHAREHOLDERS

INVEST IN TUPPERWARE BRANDS

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APPENDIX

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$0 $1 $2 $3 $4 $5 $6 $7 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000

2009 2010 2011 2012 2013 2014 2015*

Sales Diluted EPS

Adjusted Diluted EPS

37 Sales $million Diluted EPS includes impact of non-cash purchase accounting asset impairment charges EPS $Dollar *High end of guidance range provided in April 22, 2015 Earnings Release. Impact of changes in foreign currency versus prior year are updated monthly and posted on: http://ir.tupperwarebrands.com/foreign-exchange-impact.cfm Diluted EPS includes impact from balance sheet items of Venezuelan devaluations

CONSISTENTLY GROWING SALES & EPS

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Non-GAAP FINANCIAL RECONCILIATION

2003 2004 2005 2006 2007 2008 2009 Net Income (GAAP) 47.9 86.9 85.4 94.2 116.9 161.4 175.1 Adjustments: Gains on disposal of assets including insurance recoveries (3.6) (13.1) (4.0) (12.3) (11.8) (24.9) (21.9) Re-engineering and other restructuring costs 6.9 7.0 14.3 7.6 9.0 9.0 8.0 Debt refinancing costs associated with Sara Lee acquisition 29.1 Acquired intangible asset amortization 1.8 25.0 13.6 11.9 5.1 Purchase accounting intangibles and goodwill impairment 11.3 9.0 28.1 Cumulative effect of accounting change 0.8 Costs associated with implementing 2007 credit agreement 9.6 Income tax impact of adjustments (2.4) 2.5 (36.9) (4.9) (7.4) 3.3 1.7 Net Income (Adjusted) 48.8 83.3 90.5 109.6 141.2 169.7 196.1
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SLIDE 39 39 2010 2011 2012 2013 Q4 2014 2014 Q1 2015 Q2 2015* 2015* Net Income (GAAP) $225.6 $218.3 $193.0 $274.2 $79.9 $212.0 $29.5 $52.3 $196.6 ADJUSTMENTS: Gains on disposal of assets including insurance recoveries (0.2) (3.8) (7.9) (0.7) (0.4) (2.7) (0.6) (0.7) Re-engineering and other restructuring costs 7.6 9.6 22.1 9.3 2.8 13.4 16.2 3.6 24.6 Impact of Venezuelan bolivar devaluation from balance sheet positions 4.2 0.2 42.4 9.3 1.0 10.3 Swap impairment and debt cost write-off 19.8 Acquired intangible asset amortization 3.9 2.9 2.1 4.8 2.9 11.9 2.7 2.7 10.9 Purchase accounting intangibles and goodwill impairment 4.3 36.1 76.9 Income tax impact of adjustments (3.3) (9.6) (4.8) (3.5) 1.4 (2.4) (5.9) 0.2 (5.3) Net Income (Adjusted) $237.9 $273.3 $281.4 $288.3 $86.8 $274.6 $51.2 $59.8 $236.4 Adjusted ROS 13.9% 13.9% 14.1% 14.1% 16.9% 13.9 % 11.8% 12.1% 13.3% Average number of diluted shares (millions) 61.4 61.4 56.4 53.1 50.6 51.0 50.3 50.3 50.3 *High end of guidance range provided in April 22, 2015 Earnings Release. Impact of changes in foreign currency versus prior year are updated monthly and posted on: http://ir.tupperwarebrands.com/foreign-exchange-impact.cfm

Non-GAAP FINANCIAL RECONCILIATION

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2009 2010 2011* 2012 2013 2014 2015**

Sales $2,128 $2,300 $2585 $2,584 $2,672 $2,606 $2,388 Reported Sales Growth (2)% 8% 12% 0% 3% (2)% (8)% Local Currency Sales Growth 6% 6% 9% 5% 6% 5% 6%

*2011 had 53 weeks compared with 52 weeks in 2010 **2015 assumes the high-end of local currency sales growth

2009 THROUGH 2015 FULL YEAR GUIDANCE REPORTED AND LOCAL CURRENCY SALES

* 2011 included 53 weeks. **High end of guidance range included in April 22, 2015 earnings release.
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SLIDE 41 1H – 2014 Q3 – 2014 Q4 – 2014 FY 2014 Q1 – 2015(1) Q2 – 2015(1) FY 2015(1) Total Company Percentage Point Impact on Sales from Changes in Rate (0.7pp) (3.5pp) (3.4pp) (2.1pp) (4.7pp) (3.3pp) (2.3pp) Translation Impact of Changes in Rate on Diluted EPS Comparison ($0.04) ($0.10) ($0.08) ($0.21) ($0.13) ($0.13) ($0.28) Re-measurement Impacts on Net Monetary Assets for 1H – 2014 and gain on conversion of bolivars to U.S. dollars (Q3 - 2014) (2) ($0.51) $0.09 ($0.08)(3) ($0.50) ($0.11)(4) N/A N/A Transaction Impacts on cost of sales at Stronger Rates than Sales (2) ($0.12) ($0.23) $0.01(3) ($0.35) ($0.03)(4) ($0.03) (4) ($0.06) (4) (1) The bolivar to U.S. dollar exchange rate used in translating the Company’s first quarter 2014 operating activity was 6.3 bolivars to the U.S. dollar, was 10.8 bolivars to the U.S. dollar in the second quarter and was 50.0 in the second half of 2014 and in January 2015. In February 2015, the Venezuelan government launched an overhaul of its foreign currency exchange structure for obtaining U.S. dollars, eliminating the SICAD 2 auction process and introducing the Marginal Currency System, or Simadi, which was approximately 195.0 bolivars to the U.S. dollar as of April 20, 2015. The Company's outlook used the Simadi rate to translate its February and March 2015 and expects to use it to translate future operating activity. (2) The pretax expense impact from amounts on the balance sheet when the bolivar devalued are included in the U.S. GAAP earnings per share and return on sales data above, but not in the data excluding items. (3) Reflects tax recognized on an annualized basis under U.S. GAAP. (4) With the change to the Simadi exchange rate there will be a negative profit impact related to its net monetary assets and inventory of about $9.4 million. This change in rates in February 2015 has also triggered a long-term fixed write off of $13.5 million in the first quarter of 2015.

VENEZUELA FX IMPACT IN 2014 AND 2015

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May 2015