DOCSLIB.ORG

Barclays Global Consumer Staples Conference

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Barclays Global Consumer Staples Conference Barclays Global Consumer Staples Conference Edgewell Personal Care Company September 5, 2018 Page 1 Forward-Looking Statements Unless the context otherwise requires, references in this presentation to “Edgewell,” “we,” “our,” and “the Company” refer to Edgewell Personal Care Company, a Missouri corporation, and its consolidated subsidiaries. Forward-looking statements are not based on historical facts but instead reflect the Company's expectations, estimates or projections concerning future results or events, including, without limitation, the future earnings and performance of the Company or any of its businesses. 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 presentation are only made as of the date of this presentation and the Company disclaims any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances. Numerous factors could cause the Company's actual results and events to differ materially from those expressed or implied by forward-looking statements. In addition, other risks and uncertainties not presently known to the Company or that it considers immaterial could affect the accuracy of any such forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Additional risks and uncertainties include those detailed from time to time in the Company's publicly filed documents, including the Company's annual report on Form 10-K for the year ended September 30, 2017 and its quarterly reports on Form 10-Q for the quarters ended December 31, 2017, March 31, 2018, and June 30, 2018. Page 2 Non-GAAP Financial Measures While the Company reports financial results in accordance with accounting principles generally accepted in the U.S. ("GAAP"), this discussion also includes Non-GAAP measures. These Non-GAAP measures are referred to as "adjusted“, "organic" or “underlying” and exclude items such as impairment charges, the disposition of the Playtex gloves business, the impact of the Tax Cuts and Jobs Act (the "Tax Act"), costs associated with the acquisition and integration of Jack Black, L.L.C. ("Jack Black"), restructuring charges and amortization of intangibles. Reconciliations of Non-GAAP measures, including reconciliations of measures related to the Company's fiscal 2018 financial outlook, can be found in the Company’s earnings releases for the third quarter of fiscal 2018 and full year fiscal 2017. 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. For definitions of these terms and reconciliations to GAAP measures, refer to the Company’s earnings release for the third quarter of the 2018 fiscal year and other materials that can be found on its Investor Relations website at http://ir.edgewell.com. Page 3 Agenda Strategic Overview David Hatfield, CEO and Chairman Project Fuel and Financials Rod Little, CFO Reinvestment Priorities Colin Hutchison, COO Page 4 Today’s Key Messages • Portfolio of competitive and profitable brands o Since the launch of Edgewell in July 2015, have gained market share in challenging categories o Innovating and launching compelling new products o Executing strategic growth initiatives • Evolving categories create challenges and opportunities o New entrants increase competition and pricing pressure o Accelerating shift to new channels, digital and customization • Taking proactive steps to drive change o Strengthened Board and management team o Conducted a comprehensive review of the business o Implementing Project Fuel and Transformation o Expect $225M in annual gross savings by the end of fiscal 2021 to fund growth, transformation and margin expansion Page 5 Overview of Edgewell Strong Brands Wet Shave Feminine Care Sun & Skin Infant Care Care Strong consumer brands Wet Shave has strong representation across multiple segments* across sub-segments* Infant & Other Geographic Mix Shave Prep Branded Men’s 48% International 6% 11% Systems Femcare 52% USA 15% 24% Private Label 20% 19% 60% Sun & Skin Wet Shave 20% Branded 25% Women’s Systems Branded Disposables * Fiscal 2017 mix Page 6 Strategy for Growth Fuel Growth - Colleague Engagement - Enhanced Organizational Capabilities - Systematic Cost Reduction - ZBS, Productivity Focus on the Fundamentals Re-configure into Growth Opportunities - Build Brand Equity/ Consumer Engagement - Grow Share in E-Retail, Growth Channels - Compelling Innovation - Expand International Footprint / Scale - Leverage the Full Portfolio - Build E-Comm & Digital Capabilities - Category Solutions - Enter New Growth Categories via M&A Page 7 Focus on the Fundamentals Led by a Full Portfolio of Innovation Page 8 Investments in Strategic Growth Re-configure into Growth Opportunities Initiatives are Working Approx. 20% of EPC Sales (2018E) - International Expansion (1) - International Sun Care - eCommerce (all segments) Shave Innovation - Bulldog/Jack Black eCommerce International Expansion International Sun Care Bulldog / Jack Black (1) Includes Latin America, Asia Pacific (excluding Japan and Australia), Eastern & Central Europe and Middle East & Africa. Page 9 Increased Market Share in Core Segments, Despite Challenging Categories U.S. Razors & Blades Share Global Razors & Blades Share(1) +10 +140 bps bps 27.0 22.8 22.9 25.6 Category Category growth growth -570bps -300bps Q3’15 Q3’18 Q3’15 Q3’18 U.S. Sun Care Share +110 26.0 bps 24.9 Category growth +80bps Q3’15 Q3’18 Sources: Nielsen xAOC; Global defined as select EPC markets; Category growth 2015 thru 2018 Q3 YTD (1) Understated due to exclusion of international private label. Page 10 Driving Change • As part of the Company’s annual strategic review process, the Board and management team considered rapidly changing consumer, competitive and retail trends, their impact on Edgewell’s future performance, and potential opportunities created for Edgewell • This review was conducted with the assistance of external advisors and included: – A comprehensive review of all business segments, addressing performance in challenging category environments – Assessment of all value creation levers • Following this review, the Edgewell Board and management team determined that Project Fuel is the best path to drive value creation for all stakeholders • Project Fuel is an enterprise-wide initiative to transform the Company's business and cost structure, enabling investment for growth and margin expansion • Management and the Board have been and will remain open minded and committed to taking actions in the best interests of the Company and its shareholders Page 11 Driving Improvement and Growth Through Project Fuel Executing on our strategic pillars Faster Better Deeper Fuel Growth Focus on the Fundamentals Re-configure into Growth Opportunities Page 12 A Refreshed Senior Leadership Team Focused on Execution and Creating Value New to EPC Key Leadership Changes Over the Past 16 Months Rod Little Colin Hutchison Paul Hibbert Anne-Sophie Gaget Stephanie Lynn John Hill Marisa Iasenza Chief Financial Chief Operating VP, Global Supply VP, Global Strategy VP, eCommerce Chief Human Chief Legal Officer Officer Officer Chain and Operations And Innovation Resources Officer 20+ years of 30+ years of 25+ years of 25+ experience in 20+ years of 30+ years business, 20+ years of global experience operational and manufacturing, consumer goods eCommerce, digital management, cross- experience in cross- in consumer goods leadership experience distribution, industry, with marketing and functional and border M&A, SEC organizations in consumer goods transportation, marketing, general database marketing leadership experience reporting, corporate customer service, management and experience governance, corporate Public company 13 years with procurement and sales business Previously led finance and track record of Edgewell, previously and operations transformation Previously served as Edgewell’s North compliance driving results serving as VP of planning experience experience. VP of eCommerce for American commercial through business Commercial Vineyard Vines organization Previously served as transformation International Previously served as Previously served as SVP, General Counsel EVP of Supply Chain regional VP for South and Secretary at for Safety-Kleen Europe, Middle-East Harman International Systems, Inc. and Africa. Industries Page 13 Diverse, Experienced Board of Global Thought and Business Leaders New Members since 2015 David P. Hatfield Daniel J. Heinrich Carla Hendra R. David Hoover John C. Hunter
Load more

Recommended publications
  • Edgewell Personal Care to Combine with Harry's, Inc. To
    EDGEWELL PERSONAL CARE TO COMBINE WITH HARRY’S, INC. TO CREATE A NEXT-GENERATION CONSUMER PRODUCTS PLATFORM Creates Complementary Portfolio of Global Brands Built for the Modern Consumer and Powered by World-Class Omni-Channel Capabilities Combines Edgewell’s Scale, Distribution Network, Product Technology and R&D Capabilities with Harry’s Best-in-Class Brand Building, Design, and Direct-to-Consumer Marketing and Technology Capabilities Harry’s Co-Founders and Co-CEOs to Join Edgewell Executive Team and Co-Lead U.S. Operations Edgewell and Harry’s Leadership to Host Conference Call Today at 8:00 a.m. Eastern Time SHELTON, Conn. & NEW YORK, May 9, 2019 – Edgewell Personal Care Company (NYSE: EPC) and Harry’s, Inc. today announced that they have entered into a definitive agreement under which Edgewell will combine with Harry’s in a cash and stock transaction that values Harry’s at $1.37 billion. The combination of Edgewell and Harry’s brings together complementary capabilities to create a next- generation consumer products platform with an expansive runway for accelerated topline growth and enhanced value creation. Together, Edgewell and Harry’s will create a platform that enables building and scaling the next generation of impactful consumer brands. Harry’s has been a disruptive force across the men’s and women’s shaving market and adjacent grooming and personal care categories. Its demonstrated expertise in brand building and direct-to-consumer marketing are a complementary fit with Edgewell’s strong intellectual property, best-in-class product technology, global scale and stable of strong consumer brands. The combined company will have a leading portfolio of global brands in men’s and women’s shaving, personal and sun and skin care.
    [Show full text]
  • FOR IMMEDIATE RELEASE Edgewell Personal
    Edgewell Personal Care Company 6 Research Drive Shelton, Conn 06484 FOR IMMEDIATE RELEASE Edgewell Personal Care Announces Plan to Acquire CREMO Company Acquisition Expands Edgewell’s Portfolio of Insurgent Brands in Men’s Grooming SHELTON, Conn., August 4, 2020 – Edgewell Personal Care Company (NYSE: EPC) today announced that it has entered into a definitive purchase agreement to acquire CREMO, a premier men's grooming company in the U.S., in an all-cash transaction at a purchase price of $235 million. CREMO is one of the strongest and fastest growing masstige brands in men’s grooming, offering a complete line of beard, hair, shave prep and skin care products. The Company will complement Edgewell’s portfolio of insurgent brands such as Jack Black and Bulldog, by uniquely serving specific consumer profiles, and therefore increasing Edgewell’s penetration in the most attractive growth categories within men’s grooming. The transaction is aligned with Edgewell’s core growth strategy of acquiring selective, fast-growing and profitable brands that increase its presence in attractive segments. Rod Little, Edgewell's President and Chief Executive Officer stated, “We are excited to announce this agreement to acquire CREMO. The men’s grooming category remains a strategic focus for Edgewell and this acquisition will help us accelerate growth and strengthen our position in the fastest growing categories in men’s grooming. We are acquiring a profitable, growing business with an established presence that is well diversified across grooming categories, yet has significant opportunities for expansion. We are extremely impressed with the CREMO brand and its positioning and expect it to continue to resonate over the long term with consumers.
    [Show full text]
  • Edgewell Personal Care 2016 Annual Report 1
    2016 Annual Report Meeting the Challenge EDGEWELL AT A GLANCE Wet Shave Sun and Skin Care Feminine Care Infant/Other Key Brands: Key Brands: Key Brands: Key Brands: Schick, Edge, Wilkinson Sword, Banana Boat, Hawaiian Tropic, Playtex, Carefree, Stayfree, o.b. Playtex, Diaper Genie Skintimate Wet Ones, Bulldog Key Geographies: Key Geographies: Key Geographies: Key Geographies: US, Canada, Japan, Germany US, Mexico, Australia US, Canada US, Canada SEGMENT SALES GEOGRAPHIC SALES 6% Other 16% 36% International Feminine Care 60% 18% Wet Shave Sun and 64% Skin Care North America FINANCIAL HIGHLIGHTS ($ in millions) 2016 2015 Net Sales 2,362 2,421 Organic Net Sales versus prior year(1) 1.4% (2.5%) Gross Profit Margin 49.1% 48.9% Net Earnings (Loss) from continuing operations 179 (296) Adjusted Net Earnings(2) 213 175 Diluted EPS from continuing operations (GAAP) $ 2.99 $ (4.78) Adjusted EPS - Non-GAAP(2) $ 3.57 $ 2.80 In addition to Net Sales and Earnings presented in accordance with generally accepted accounting principles (GAAP), Edgewell has presented certain non-GAAP measures in the table above. These measures should be considered an alternative to, but not superior to or as substitute for, the comparable GAAP measures. (1) Reconciliation of reported Net Sales to Organic Net Sales included on page 32 of the 10-K. (2) Reconciliation of Net Earnings (Loss) from continuing operations to Adjusted Net Earnings and GAAP EPS to Non-GAAP EPS is included on page 31 of the 10-K. Edgewell Personal Care 2016 Annual Report 1 TO OUR Shareholders, Investors, HYDRO FRANCHISE RETAIL SALES Customers and Colleagues: ($ in millions) $500 $457 $400 $425 Meeting The Challenge is expected to provide us with even greater $382 When we launched Edgewell as a standalone distribution and sales in key growth markets.
    [Show full text]
  • Energizer Holdings, Inc. 2015 Annual Report Annual Inc
    ENERGIZER HOLDINGS, INC. 2015 ANNUAL REPORT ENERGIZER HOLDINGS, INC. 2015 ANNUAL REPORT ANNUAL INC. 2015 ENERGIZER HOLDINGS, ENERGIZER HOLDINGS, INC. 533 Maryville University Drive St. Louis, MO 63141 (314) 985-2000 www.energizerholdings.com ©2015 Energizer. Energizer, Energizer Bunny design, Eveready and other marks included in this annual report are trademarks of Energizer. Energizer Holdings, Inc. is one of the world’s largest manufacturers of primary batteries and portable lighting products and is anchored by its two globally recognized brands Energizer® and EVEREADY®. As a global leader in power solutions, our mission is to lead the charge to connect our brands, our people and the products we offer to the world better than anyone else. Energizer Holdings, Inc. is traded on the NYSE EXECUTIVE OFFICERS CORPORATE INFORMATION under the ticker symbol ENR. as of September 30, 2015 Alan R. Hoskins Mark S. Lavigne Corporate Headquarters Transfer Agent, Registrar President and Chief Executive Vice President and Energizer Holdings, Inc. and Dividend Paying Agent SEGMENT BREAKDOWN Executive Officer Chief Operating Officer 533 Maryville University Drive Continental Stock Transfer & Trust St. Louis, MO 63141 Company is Energizer’s stock Fiscal 2015 Brian K. Hamm Emily K. Boss (314) 985-2000 transfer agent, registrar and ($ in millions) Executive Vice President and Vice President and www.energizerholdings.com dividend paying agent, and Chief Financial Officer General Counsel maintains the Company’s Fiscal Year End shareholder records. Shareholders NET SALES SEGMENT PROFIT Greg Kinder Sue Drath September 30 seeking information about account Executive Vice President and Vice President and records, stock certificates and Chief Supply Chain Officer Chief Human Resource Officer Independent Accountants change of address should contact: $304.8 $77.9 PricewaterhouseCoopers LLP Asia Pacific St.
    [Show full text]
  • Senior Scientist - "' 0 ""I Feminine Care "'(D Cl CLIENT ""I Edgewell Cl
    0 "CS "CS 0 _.,.""I C -·:::s '<_.,. 3: Cl ""I :,i::­ (1)_.,. :::s-· CCl-.,,· "'(D (D "' CASE STUDY: C"' MARKET NICHE <""I (D Nonwovens '< POSITION NICHE R&D JOB TITLE Senior Scientist - "' 0 ""I Feminine Care "'(D Cl CLIENT ""I Edgewell Cl.. COMPANY Edgewell Personal Care POSITION Senior Scientist - Feminine Care LOCATION Allendale, NJ For more information contact: Travis Oran Executive Search Consultant Ropella 850-983-8804 [email protected] TM GROWINGROPELLA GREAT COMPANIES Edgewell Headquarters 8100 Opportunity Drive, Milton, Florida 32583 850-983-4777 | www.ropella.com Edgewell Personal Care Products 2 Senior Scientist - Feminine Care Company Information Edgewell Personal Care Products Edgewell is a global team of 6,000 visionaries, doers, and makers. Their portfolio of over 25 brands touches lives in more than 50 countries. Together, they reimagine good mornings and endless summers, beauty and bonding, confidence and determination. From baby to body, Edgewell is passionate Reimagining Personal about making the little moments leading up Care to the big memories just a little bit easier. Simply, their aim is to make the products that families rely on more inspired, more personal, and more trustworthy—so they can devote that much more energy to the people they care about most. Edgewell’s Mission & Vision – Reimagining Personal Care Mission: We will be the trailblazing personal care company; leveraging our colleagues’ creativity and passion to challenge convention and drive growth. Vision: We will win through focus, insightful innovation and agility; delivering better solutions to our consumers and customers. The Edgewell Name: Edge expresses the drive to always be on the leading edge of innovation and deliver meaningful advantages over competitive products.
    [Show full text]
  • Nonfoods for Profit
    | G H Q | NONFOODS FOR PROFIT HERE’S TO YOUR HEALTH & BEAUTY CARE Grocery Headquarters celebrates companies in the health and beauty care categories that continue to make a splash in the market with its third-annual Health and Beauty Care Trailblazer Awards. BY LINDSEY WOJCIK SHOPPERS ARE NOT ONLY RELYING ON THE PERIMETER introduce innovative items that meet con- were chosen by the Grocery Headquarters edi- OF THE GROCERY STORE TO SATISFY THEIR HEALTH sumer needs. torial team and Board of Retailers, were select- AND WELLNESS NEEDS. Increasingly, they are Grocery Headquarters is once again honor- ed for their innovation, branding, creativity, turning to the health and beauty care aisle in ing the health and beauty care manufacturers packaging, marketing, social responsibility search of convenient products that will boost that have had a positive impact on the catego- and convenience—among other factors. their overall well-being. Manufacturers are ry during the last year with the third-annual So without further ado, the 2015 HBC responding to the demand by continuing to HBC Trailblazer Awards. The winners, which Trailblazer Award winners are: WWW.GROCERYHEADQUARTERS.COM JULY 2015 107 | GHQ | NONFOODS FOR PROFIT 4Baby Spa the National Eczema Association. sion and excitement for innovative menstrual “We are more than just a baby care line,” says care but also for environmental sustainability.” www.babyspausa.com Medoni. “We also offer biodegradable wipes, Lul- The DivaCup boasts a delivery of higher sales Understanding that the needs of a newborn laby Pampering Baby Cologne, and coming soon: and profits in the category, along with higher and toddler are different, BabySpa has a whole- an all natural SPF collection in creams and stick dollar spend and profit from each consumer, some and pure approach to skin care.
    [Show full text]
  • Complaint Counsel's Motion to Dismiss Complaint
    PUBLIC UNITED STATES OF AMERICA BEFORE THE FEDERAL TRADE COMMISSION COMMISSIONERS: Joseph J. Simons, Chairman Noah Joshua Phillips Rohit Chopra Rebecca Kelly Slaughter Christine S. Wilson In the Matter of Edgewell Personal Care Company, Docket No. 9390 a corporation, and PUBLIC Harry’s, Inc., a corporation. MOTION TO DISMISS COMPLAINT Complaint Counsel moves to dismiss the complaint in the above-captioned matter. On February 10, 2020, Edgewell Personal Care Company (“Edgewell”) publicly announced the termination of Edgewell and Harry’s, Inc.’s Agreement and Plan of Merger. As set forth in the attached correspondence, Edgewell has withdrawn its Hart-Scott-Rodino Notification and Report Forms filed for the proposed acquisition. The complaint is now moot. Accordingly, Complaint Counsel respectfully requests that the Commission dismiss the complaint.1 A proposed order is attached. 1 Complaint Counsel asked Edgewell and Harry’s to join this motion. Edgewell was prepared to join the motion, but Harry’s declined. PUBLIC Dated: February 19, 2020 Respectfully submitted, /s/ Jonathan Lasken Jonathan Lasken Jessica S. Drake Nicholas Bush Helder Agostinho Shane A. Bryan Keitha Clopper Kelly Fabian Jessica Moy Marc W. Schneider Terry Thomas Federal Trade Commission Bureau of Competition 600 Pennsylvania Avenue, NW Washington, DC 20580 Telephone: (202) 326-2604 Email: [email protected] Attorneys for Complaint Counsel PUBLIC ATTACHMENTS PUBLIC From: Larson, Joseph D. <[email protected]> Sent: Monday, February 10, 2020 12:41 PM To: Walsh, Kathryn E. Cc: Drake, Jessica S; Lowe, James W. (Sidley Austin LLP); Kazmerzak, Karen (Sidley Austin LLP); Byrd, Courtney C. (O'Melveny & Myers LLP); Dyer, Courtney (O'Melveny & Myers LLP) Subject: FTC notice Attachments: Untitled.pdf; Untitled.pdf Kate, Please see below and attached.
    [Show full text]
  • Schick® Women's and Skintimate® Launch New Products to Invigorate
    SCHICK® WOMEN’S AND SKINTIMATE® LAUNCH NEW PRODUCTS TO INVIGORATE YOUR SHAVE ROUTINE Introducing two new products from Schick and Skintimate to give women a great shave every time! SHELTON, CT (March 2, 2016) – Bring your shower experience to the next level! Introducing NEW Schick Hydro Silk® Shower Hanging Refills and NEW Skintimate® Island Berry Breeze Shave Gel. Changing your razor blade has never been so easy with Schick Hydro Silk Shower Hanging Refills, which feature a hook that allows women to conveniently hang blades directly in the shower. Skintimate Island Berry Breeze Shave Gel, the latest addition to the Skintimate Signature Scents collection, has a luscious fragrance of island berries that transports women to the tropics with each shave. Schick and Skintimate are also excited to announce a partnership with Dr. Annie Chiu, Board-Certified Dermatologist, who will serve as the brands’ official skin health expert. Dr. Chiu will help educate women about the need for a proper legcare routine, sharing all of the ways they can get the best possible shave and keep their legs looking beautiful. “From your face to your legs, using healthy skin products that are good for your skin is something I stress to my patients and something I work to maintain in my own life every day,” said Dr. Chiu. “I’m excited to be working with Schick and Skintimate. I believe smooth legs, a great shave, and personal grooming are important parts of making women confident in looking and feeling beautiful.” “We are constantly improving and developing new product offerings to enhance a woman’s shave experience whether they’re looking for convenience, time savers, invigorating scents or eye-catching razor handle colors,” says Dan Kinton, Group Marketing Director, Women’s Systems & Skintimate, Edgewell Personal Care.
    [Show full text]
  • Edgewell Personal Care Annual Report 2020
    Edgewell Personal Care Annual Report 2020 Form 10-K (NYSE:EPC) Published: November 20th, 2020 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number 001-15401 epc-20200930_g1.jpg EDGEWELL PERSONAL CARE COMPANY (Exact name of registrant as specified in its charter) Missouri 43-1863181 (State or other jurisdiction of incorporation or organization) (I. R. S. Employer Identification No.) 6 Research Drive (203) 944-5500 Shelton, CT 06484 (Registrant’s telephone number, including area code) (Address of principal executive offices and zip code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Stock symbol Name of each exchange on which registered Common Stock, par value $0.01 per share EPC New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Feminine Care Brands
    Accelerating the Pace of Change EDGEWELL PERSONAL CARE 2018 ANNUAL REPORT EDGEWELL AT A GLANCE WET SHAVE SUN AND SKIN CARE KEY BRANDS: KEY GEOGRAPHIES: KEY BRANDS: KEY GEOGRAPHIES: Schick, Edge, Wilkinson Sword, U.S., Japan, Germany, Banana Boat, Hawaiian Tropic, U.S., Canada, Mexico, Skintimate U.K., Canada Wet Ones, Bulldog, Jack Black Australia, U.K. FEMININE CARE INFANT/OTHER KEY BRANDS: KEY GEOGRAPHIES: KEY BRANDS: KEY GEOGRAPHIES: Playtex, Carefree, U.S., Canada Playtex, Diaper Genie, U.S., Canada Stayfree, o.b. Litter Genie SEGMENT SALES 15% 5% Other 60% 20% Feminine Care Sun and Skin Care Wet Shave 56% 44% U.S. International GEOGRAPHIC SALES FINANCIAL HIGHLIGHTS ($ in millions) 2018 2017 Net Sales 2,234 2,298 Organic Net Sales versus prior year(1) (4.5%) (2.8%) Gross Profit Margin 46.4% 49.2% Net Earnings from continuing operations 103.3 5.7 Adjusted Net Earnings(2) 192 228 Diluted EPS from continuing operations (GAAP) $ 1.90 $ 0.10 Adjusted EPS - (Non GAAP)(2) $ 3.52 $ 3.97 In addition to Net Sales and Earnings presented in accordance with generally accepted accounting principles (GAAP), Edgewell has presented certain non-GAAP measures in the table above. These measures should be considered an alternative to, but not superior to or as substitute for, the comparable GAAP measures. (1) Reconciliation of reported Net Sales to Organic Net Sales is included on page 31 of the Company's 10-K for the 2018 fiscal year. (2) Reconciliation of Net Earnings to Adjusted Net Earnings and GAAP EPS to Non-GAAP EPS is included on page 30 of the Company's 10-K for the 2018 fiscal year.
    [Show full text]
  • The Spin-Off Report
    THE SPIN-OFF REPORT June 9, 2015 Energizer Holdings Inc. (Pre-Spin) Current Share Price (6/8/15): $136.42 Ticker: ENR Fair Value Estimate: $144 per share Dividend: $2.00 Shares Outstanding: 62.2 million Yield: 1.4% Market Capitalization: $8.5 billion Edgewell Personal Care Co. (Post-Spin) Fair Value Estimate: $101 per share Ticker: EPC Shares Outstanding*: 62.2 million Dividend: Nil Market Capitalization: $6.3 billion Yield: N/A Energizer Holdings Inc. Fair Value Estimate: $42 per share Ticker: ENR Shares Outstanding*: 62.2 million Dividend: $1.00 Market Capitalization: $2.6 billion Yield: 2.4% *Assumes a distribution ratio of 1:1. N/A – Not applicable. Note: Market capitalization is based on fair value estimate for post-spin entities and current market cap for pre-spin Energizer Holdings Inc. Michael Wolleben Research Team Joanna Makris Robert Dunn Murray Stahl Steven Bregman PCS Research Services Thérèse Byars Ryan Casey James Davolos Derek Devens 14 Wall Street, 3rd Floor New York, NY 10005 Peter Doyle Rory Ewing Matthew Houk Utako Kojima (212) 233-0100 Eric Sites Salvator Tiano Fredrik Tjernstrom Steven Tuen Eric Zhou www.pcsresearchservices.com Institutional Research Group (“IRG”) is the author of this report. PCS Research Services (“PCS”) is the exclusive marketer and an authorized distributor of this and other research reports created by Horizon Kinetics LLC (“Horizon Kinetics”). Horizon Kinetics is the parent holding company to several SEC-registered investment advisors, including Horizon Asset Management LLC and Kinetics Asset Management LLC. Certain portions of this report may have been drafted by IRG based on information, ideas and data provided by Horizon Kinetics.
    [Show full text]
  • Exhibit 21.1 EDGEWELL PERSONAL CARE COMPANY List Of
    Exhibit 21.1 EDGEWELL PERSONAL CARE COMPANY List of Subsidiaries Jurisdiction of Percentage Subsidiary Name Incorporation of Control American Safety Razor Australia Pty. Limited Australia 100% Edgewell Personal Care Australia Pty. Ltd. Australia 100% Edgewell Personal Care Austria GmbH Austria 100% Energizer Sales Limited Barbados 100% Personna International Limited Barbados 100% Smile-Tote, Inc. California 100% British Edgewell Personal Care Canada ULC Columbia 100% (Canada) Schick Cayman Islands Ltd. Cayman Islands 100% Edgewell Personal Care Chile SpA Chile 100% Schick (Guangzhou) Company Limited China 100% Edgewell Personal Care Colombia S.A.S. Colombia 100% Personna International CZ s.r.o. Czech Republic 100% Edgewell Personal Care Middle East, Inc. Delaware 100% Edgewell Personal Care Brands, LLC Delaware 100% Edgewell Personal Care, LLC Delaware 100% Edgewell Personal Care Group, Inc. Delaware 100% Edgewell Personal Care Taiwan Ltd. Delaware 100% Playtex Products, LLC Delaware 100% Playtex Manufacturing, Inc. Delaware 100% Playtex Investment Corporation Delaware 100% Playtex Marketing Corporation Delaware 50% Schick Manufacturing, Inc. Delaware 100% Sun Pharmaceuticals, LLC Delaware 100% Tanning Research Laboratories, LLC Delaware 100% Hawaiian Tropic Europe, Inc. Florida 100% Edgewell Personal Care France SAS France 100% 100% Edgewell Personal Care Finanzierungs GbR Germany (Partnership) Wilkinson Sword GmbH Germany 100% Edgewell Personal Care Hong Kong Limited Hong Kong 100% Schick Asia Limited Hong Kong 100% Personna International Israel Ltd. Israel 100% Edgewell Personal Care Italy S.r.L. Italy 100% Schick Japan Kabushiki Kaisha Japan 100% Edgewell Personal Care Mexico S.A. de C.V. Mexico 100% Personna International de Mexico, S.A. de C.V. Mexico 100% Edgewell Personal Care Netherlands B.V.
    [Show full text]