Energizer Holdings, Inc. Publicizes Fiscal 2022 Fourth Quarter and Full Yr Outcomes and Monetary Outlook for Fiscal 2023

November 15, 2022

  • Achieved fiscal 2022 Web Gross sales, Adjusted Earnings Per Share and Adjusted EBITDA consistent with our Outlook.1
  • Web Gross sales for the fourth quarter up 3.2% to prior 12 months, pushed by natural development of seven.4%, primarily as a consequence of pricing actions.1
  • Free money movement within the fourth quarter at 12% of Web Gross sales and internet debt decreased by over $100 million.1
  • Firm expects to ship low single digit natural income development, Adjusted EBITDA within the vary of $585 to $615 million and Adjusted earnings per share within the vary of $3.00 to $3.30 for fiscal 2023.1
  • Publicizes Mission Momentum, a revenue restoration program, with focused annualized financial savings of $80 to $100 million over the following two fiscal years.

ST. LOUIS, Nov. 15, 2022 /PRNewswire/ — Energizer Holdings, Inc. (NYSE: ENR) at this time introduced outcomes for the fourth fiscal quarter and full fiscal 12 months, which ended September 30, 2022. 

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“We completed the 12 months sturdy, delivering full 12 months internet gross sales, adjusted earnings per share and adjusted EBITDA consistent with our outlook,” stated Mark LaVigne, Chief Government Officer. “Regardless of a risky working surroundings and important headwinds, we achieved our seventh consecutive 12 months of internet gross sales development, pushed by sturdy natural development throughout each of our working segments. We generated $95 million in free money movement within the fourth quarter, paid down debt and lowered internet leverage by 0.3X.”  

“We’re making crucial changes to advance our technique and place the enterprise for long run success in a dynamic surroundings. As such, we’re launching a revenue restoration program, Mission Momentum, which accelerates our efforts to revive margins, improve free money movement and strengthen the stability sheet. The advantages of Mission Momentum are anticipated to be realized over a two 12 months interval and start to revive each gross margin and earnings development in fiscal 2023. I’m assured this system will place the enterprise to drive worth creation for our key stakeholders – clients, shoppers and shareholders alike.” 

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High-Line Efficiency

Web gross sales have been $790.4 million for the fourth fiscal quarter in comparison with $766.0 million within the prior 12 months interval and $3,050.1 million for the fiscal 12 months in comparison with $3,021.5 million for the prior fiscal 12 months.



Fourth
Quarter


% Chg


Full Fiscal
Yr


% Chg

Web Gross sales – FY’21


$         766.0




$      3,021.5



Natural


56.4


7.4 %


94.4


3.1 %

Change in Russia


(9.1)


(1.2) %


(19.3)


(0.6) %

Change in Argentina operations


2.6


0.3 %


11.9


0.4 %

Impression of foreign money


(25.5)


(3.3) %


(58.4)


(2.0) %

Web Gross sales – FY’22


$         790.4


3.2 %


$      3,050.1


0.9 %










1

See Press Launch attachments and supplemental schedules for extra data, together with the GAAP to Non-GAAP reconciliations.

For the fiscal quarter, natural internet gross sales elevated 7.4% because of the following gadgets: 1

  • Pricing executed in each battery and auto care drove an natural enhance of roughly 13.3%;
  • Partially offsetting elevated pricing have been quantity declines in each battery and auto care associated to these pricing actions, the lapping of elevated demand within the prior 12 months and the influence of inflationary pressures on shopper demand, leading to a 5.9% lower to natural gross sales.

For the fiscal 12 months, natural internet gross sales elevated 3.1% because of the following gadgets: 1

  • Pricing executed in each battery and auto care drove an natural enhance of roughly 7.6%; and
  • New distribution globally throughout each battery and auto care contributed roughly 0.8% to natural development.
  • Offsetting these will increase was a internet quantity lower of roughly 5.3% on account of lapping the elevated battery demand within the prior 12 months and declines in each battery and auto care associated to the beforehand talked about pricing actions.

Gross Margin

Gross margin share on a reported foundation for the fourth fiscal quarter was 36.1%, versus 36.5% within the prior 12 months quarter, and was 36.7% for fiscal 2022, versus 38.4% within the prior 12 months. Excluding the present 12 months prices from the flooding of our Brazilian manufacturing facility and exiting the Russian market and the acquisition and integration prices in each years, the Gross margin was 36.2% for the fourth fiscal quarter, down 150 foundation factors from the prior 12 months quarter, and was 37.3% for the fiscal 12 months, down 230 foundation factors from prior 12 months.1



Fourth Quarter


Full Fiscal Yr

Adjusted Gross Margin – FY’21 1


37.7 %


39.6 %

Pricing


7.3 %


4.3 %

Product enter prices


(7.8) %


(5.8) %

Synergy realization


— %


0.2 %

Web discount of FY20 COVID-19 value influence


— %


0.4 %

Forex influence and different


(1.0) %


(1.4) %

Adjusted Gross Margin – FY’22 1


36.2 %


37.3 %

The Gross margin lower for the quarter and financial 12 months was pushed by increased working prices, together with transportation, materials and labor prices, in step with ongoing inflationary tendencies. The quarter was additional impacted by working inefficiencies associated to lowered manufacturing volumes as we lowered general stock ranges available. Partially offsetting these margin impacts was the optimistic influence of executed worth will increase in battery and auto care.

Moreover, the total 12 months was positively impacted by the elimination of prior 12 months COVID prices and synergies of  roughly $6 million.

Promoting, Normal and Administrative Expense (SG&A)

SG&A for the fourth fiscal quarter, excluding restructuring prices, was 15.1% of internet gross sales, or $119.2 million, as in comparison with 14.3% of internet gross sales, or $109.4 million, within the prior 12 months excluding acquisition and integration prices and acquisition earn out. The rise was primarily pushed by elevated recycling charges, IT spending associated to our funding in digital transformation and a rise in compensation prices 12 months over 12 months.1   

SG&A for fiscal 2022, excluding restructuring prices, acquisition and integration prices, acquisition earn out and the exit of the Russian market was $467.3 million, or 15.3% of internet gross sales, as in comparison with $443.8 million, or 14.7% of internet gross sales, within the prior 12 months when excluding acquisition and integration prices and the acquisition earn out. The rise was primarily pushed by elevated environmental prices associated to a legacy facility that had been offered by the Firm, recycling charges, journey and better IT spending associated to our funding in digital transformation.1  

Promoting and Promotion Expense (A&P)

A&P was 3.5% of internet gross sales for the fourth fiscal quarter and 4.5% of internet gross sales for fiscal 2022. A&P spending within the prior 12 months was 5.4% for each the fourth fiscal quarter and for fiscal 2021. For the quarter, this was a lower of 190 foundation factors, or $14.0 million and for fiscal 2022 this was a lower of 90 foundation factors or $25.0 million.

Earnings Per Share and Adjusted EBITDA


Fourth Quarter


Full Fiscal Yr

(In thousands and thousands, besides per share knowledge)


2022


2021


2022


2021

Web (loss)/earnings


$   (362.9)


$       83.2


$   (231.5)


$     160.9

Diluted internet (loss)/earnings per frequent share


$     (5.09)


$       1.14


$     (3.37)


$       2.11










Adjusted internet earnings1


$       58.5


$       57.8


$     221.1


$     255.4

Adjusted diluted internet earnings per frequent share1


$       0.82


$       0.79


$       3.08


$       3.48

Adjusted EBITDA1


$     146.0


$     135.9


$     567.9


$     620.3

The web loss for the quarter and 12 months are pushed by the non-cash pre-tax impairment cost recorded of $541.9. For the fourth quarter, the development in Adjusted EBITDA and Adjusted diluted internet earnings per frequent share mirror the optimistic influence of worth will increase from each segments in addition to the decrease A&P funding spending. This enchancment was partially offset by increased enter prices, increased SG&A and general unfavorable foreign money impacts. Adjusted diluted internet earnings per frequent share additional benefited from decrease taxes partially offset by increased curiosity expense within the present quarter as effectively.

For the total 12 months, Adjusted internet earnings per share was considerably impacted by increased enter prices all year long, which have been solely partially offset by the worth will increase. As well as, unfavorable foreign money actions considerably impacted the total 12 months outcomes. These headwinds have been partially offset by the discount in A&P spend, decrease curiosity prices because of the refinancing over the previous two years and decrease taxes.

For the quarter, foreign money had an unfavorable pre-tax influence of $9.7 million, or $0.11 per share, and for fiscal 2022, foreign money had an unfavorable pre-tax influence of $25.9 million, or $0.29 per share.

Capital Allocation

  • Working money movement for the fourth fiscal quarter was $107.2 million, and free money movement was $95.3 million, or 12% of Web Gross sales, because the Firm returned to extra normalized working capital ranges.
  • Debt pay down within the quarter was $58.3 million and internet debt decreased by $106.2 million. Web debt to Adjusted EBITDA was 5.8 instances as of September 30, 2022.
  • Subsequent to year-end, the Firm paid down a further $25 million of debt.
  • The Firm paid dividends within the quarter of roughly $21 million, or $0.30 per frequent share. Dividend funds for the 12 months have been $84.9 million, or $1.20 per frequent share.
  • In January 2022, the necessary convertible most well-liked inventory routinely transformed to roughly 4,700,000 shares of frequent inventory. Previous to the conversion, dividend funds have been $8.1 million for the 12 months.

Monetary Outlook and Assumptions for Fiscal 20231

For fiscal 2022, we have been capable of ship outcomes on each the highest and backside line via pricing actions and constant operational execution. As we labored via varied initiatives to navigate the remaining impacts of the pandemic, persistent inflation on our enter prices and a quickly appreciating US greenback, we have now recognized a pipeline of incremental initiatives to help long-term development and normalized working capital. These initiatives have now been constructed right into a revenue restoration program, Mission Momentum, which incorporates an enterprise-wide restructuring part. Beneath Mission Momentum, we are going to additional leverage the muse we constructed via the primary part of our fiscal 2022 transformation applications by implementing a set of initiatives supposed to get better working margins, money movement and organizational effectivity. Mission Momentum has focused annualized pre-tax financial savings of roughly $80 million to $100 million, with roughly $30 million to $40 million of these financial savings to be acknowledged in fiscal 2023.

The restructuring part is estimated to generate annualized pre-tax financial savings of roughly $65 million to $80 million of the entire financial savings, and anticipated one-time pre-tax prices of $40 million to $50 million over the following two years.

Wanting particularly at our key metrics for our fiscal 2023 outlook:

  • We count on natural income to extend low single digits, as continued pricing actions are partially offset by class quantity declines throughout each the battery and auto care segments. We additionally count on low single digit declines for reported revenues when contemplating damaging foreign money headwinds of roughly $90 million, based mostly on September 2022 charges.
  • Adjusted EBITDA is predicted to be within the vary of $585 million to $615 million, up roughly 10% on a currency-neutral foundation on the mid-point, and Adjusted earnings per share is predicted to be within the vary of $3.00 to $3.30, up roughly 12% on a currency-neutral foundation on the mid-point. We anticipate damaging foreign money headwinds on earnings of roughly $27 million and $0.30 per share based mostly on September 2022 charges.

Webcast Data

Together with this announcement, the Firm will maintain an investor convention name starting at 10:00 a.m. japanese time at this time. The decision will concentrate on fourth quarter and financial 2022 monetary outcomes and the monetary outlook for fiscal 2023. All events might entry a reside webcast of this convention name at www.energizerholdings.com, beneath “Traders” and “Occasions and Displays” tabs or through the use of the next hyperlink:

https://app.webinar.internet/ZrwLEwdJ6pl

For these unable to take part through the reside webcast, a replay might be accessible on www.energizerholdings.com, beneath “Traders,” “Occasions and Displays,” and “Previous Occasions” tabs.

This doc comprises each historic and forward-looking statements. Ahead-looking statements usually are not based mostly on historic info however as an alternative mirror our expectations, estimates or projections regarding future outcomes or occasions, together with, with out limitation, the long run gross sales, gross margins, prices, earnings, money flows, tax charges and efficiency of the Firm. These statements typically could be recognized by means of forward-looking phrases or phrases resembling “imagine,” “count on,” “expectation,” “anticipate,” “might,” “may,” “intend,” “perception,” “estimate,” “plan,” “goal,” “predict,” “possible,” “ought to,” “forecast,” “outlook,” or different comparable phrases or phrases. These statements usually are not ensures of efficiency and are inherently topic to recognized and unknown dangers, uncertainties and assumptions which are troublesome to foretell and will trigger our precise outcomes to vary materially from these indicated by these statements. We can not guarantee you that any of our expectations, estimates or projections might be achieved. The forward-looking statements included on this doc are solely made as of the date of this doc and we disclaim any obligation to publicly replace any forward-looking assertion to mirror subsequent occasions or circumstances. Quite a few elements may trigger our precise outcomes and occasions to vary materially from these expressed or implied by forward-looking statements, together with, with out limitation:

  • World financial and monetary market situations, together with the situations ensuing from the continued battle between Russia and Ukraine in addition to the COVID-19 pandemic, and actions taken by our clients, suppliers, different enterprise companions and governments in markets through which we compete would possibly materially and negatively influence us.
  • Competitors in our product classes would possibly hinder our means to execute our enterprise technique, obtain profitability, or preserve relationships with current clients.
  • Adjustments within the retail surroundings and shopper preferences may adversely have an effect on our enterprise, monetary situation and outcomes of operations.
  • We should efficiently handle the demand, provide, and operational challenges led to by the COVID-19 pandemic and some other illness outbreak, together with epidemics, pandemics, or comparable widespread public well being considerations.
  • Loss or impairment of the status of our Firm or our main manufacturers or failure of our advertising and marketing plans may have an hostile impact on our enterprise.
  • Lack of any of our principal clients may considerably lower our gross sales and profitability.
  • Our means to fulfill our development targets relies on profitable product, advertising and marketing and operations innovation and profitable responses to aggressive innovation and altering shopper habits.
  • We’re topic to dangers associated to our worldwide operations, together with foreign money fluctuations, which may adversely have an effect on our outcomes of operations.
  • If we fail to guard our mental property rights, rivals might manufacture and market comparable merchandise, which may adversely have an effect on our market share and outcomes of operations.
  • Our reliance on sure important suppliers topics us to quite a few dangers, together with attainable interruptions in provide, which may adversely have an effect on our enterprise.
  • Our enterprise is weak to the provision of uncooked supplies, our means to forecast buyer demand and our means to handle manufacturing capability.
  • Adjustments in manufacturing prices, together with uncooked materials costs, freight and labor, have adversely affected, and sooner or later may erode, our revenue margins and negatively influence working outcomes.
  • The manufacturing services, provide channels or different enterprise operations of the Firm and our suppliers could also be topic to disruption from occasions past our management.
  • We could also be unable to generate anticipated value financial savings (together with from our restructuring applications), efficiently implement our methods, or effectively handle our provide chain and manufacturing processes, and our profitability and money movement may endure in consequence.
  • Gross sales of sure of our merchandise are seasonal and hostile climate situations throughout our peak promoting seasons for sure auto care merchandise may have a cloth hostile impact.
  • A failure of a key data know-how system may adversely influence our means to conduct enterprise.
  • We rely considerably on data know-how and any inadequacy, interruption, theft or lack of knowledge, malicious assault, integration failure, failure to take care of the safety, confidentiality or privateness of delicate knowledge residing on our techniques or different safety failure of that know-how may hurt our means to successfully function our enterprise and harm the status of our manufacturers.
  • We have now important debt obligations that might adversely have an effect on our enterprise and our means to fulfill our obligations.
  • We might expertise losses or be topic to elevated funding and bills associated to our pension plans.
  • The estimates and assumptions on which our monetary projections are based mostly might show to be inaccurate, which can trigger our precise outcomes to materially differ from our projections, which can adversely have an effect on our future profitability, money flows and inventory worth.
  • If we pursue strategic acquisitions, divestitures or joint ventures, we’d expertise working difficulties, dilution, and different penalties which will hurt our enterprise, monetary situation, and working outcomes, and we might not have the ability to efficiently consummate favorable transactions or efficiently combine acquired companies.
  • The 2019 auto care and battery acquisitions might have liabilities that aren’t recognized to us and the acquisition agreements might not present us with adequate indemnification with respect to such liabilities.
  • Our enterprise entails the potential for claims of product legal responsibility, labeling claims, business claims and different authorized claims in opposition to us, which may have an effect on our outcomes of operations and monetary situation and lead to product recollects or withdrawals.
  • Our enterprise is topic to rising regulation within the U.S. and overseas, the uncertainty and value of future compliance and consequence of non-compliance with which can have a cloth hostile impact on our enterprise.
  • Elevated focus by governmental and non-governmental organizations, clients, shoppers and shareholders on sustainability points, together with these associated to local weather change, might have an hostile impact on our enterprise, monetary situation and outcomes of operations and harm our status.
  • We’re topic to environmental legal guidelines and rules which will expose us to important liabilities and have a cloth hostile impact on our outcomes of operations and monetary situation.
  • We can not assure that any share repurchase program might be totally consummated or that any share repurchase program will improve long-term stockholder worth, and share repurchases may enhance the volatility of the worth of our inventory and diminish our money reserves.

As well as, different dangers and uncertainties not presently recognized to us or that we think about immaterial may have an effect on the accuracy of any such forward-looking statements. The record of things above is illustrative, however not at all exhaustive. All forward-looking statements must be evaluated with the understanding of their inherent uncertainty. Further dangers and uncertainties embody these detailed every now and then in our publicly filed paperwork, together with these described beneath the heading “Danger Components” in our Type 10-Ok filed with the Securities and Alternate Fee on November 16, 2021 and in our Type 10-Q filed August 8, 2022.

ENERGIZER HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF EARNINGS
(Condensed)
(In thousands and thousands, besides per share knowledge – Unaudited)



Quarter Ended
September 30,


Twelve Months Ended
September 30,


2022


2021


2022


2021









Web gross sales

$        790.4


$        766.0


$     3,050.1


$     3,021.5

Value of merchandise offered (1)

504.9


486.3


1,930.6


1,860.1

Gross revenue

285.5


279.7


1,119.5


1,161.4

Promoting, basic and administrative expense (1)

120.1


121.8


484.5


487.2

Promoting and promotion expense

27.3


41.3


137.1


162.1

Analysis and growth expense (1)

9.4


9.7


34.7


34.5

Amortization of intangible property

15.3


15.2


61.1


61.2

Impairment of goodwill and intangible property (2)

541.9



541.9


Curiosity expense

42.0


36.8


158.4


161.8

Loss on extinguishment of debt (3)




103.3

Different gadgets, internet (1)

4.6


(2.1)


7.3


(2.9)

(Loss)/Earnings earlier than revenue taxes

(475.1)


57.0


(305.5)


154.2

Revenue tax profit

(112.2)


(26.2)


(74.0)


(6.7)

Web (loss)/earnings from persevering with operations

$       (362.9)


$          83.2


$       (231.5)


$        160.9

Necessary most well-liked inventory dividends


(4.1)


(4.0)


(16.2)

Web (loss)/earnings attributable to frequent shareholders

$      (362.9)


$          79.1


$      (235.5)


$        144.7









Primary internet (loss)/earnings per frequent share

$         (5.09)


$           1.17


$         (3.37)


$           2.12

Diluted internet (loss)/earnings per frequent share

$         (5.09)


$           1.14


$         (3.37)


$           2.11









Weighted common shares of frequent inventory – Primary

71.3


67.6


69.9


68.2

Weighted common shares of frequent inventory – Diluted

71.3


72.8


69.9


68.7



(1)

See the Supplemental Schedules – Non-GAAP Reconciliation connected which breaks out the prices from the flood of our Brazilian manufacturing facility, prices of exiting the Russian market, restructuring prices and acquisition and integration associated prices included inside these strains.



(2)

The non-cash Impairment of goodwill and intangible property for the three and twelve months ended September 30, 2022 pertains to the Firm’s Armor All commerce title impairment of $370.4 million, STP commerce title impairment of $26.3 million, Rayovac commerce title impairment of $127.8 and a goodwill impairment associated to the Auto Care Worldwide reporting unit of $17.4 million.



(3)

The Loss on the extinguishment of debt for the twelve months ended September 30, 2021 relates the Firm’s redemption of the €650 million Senior Notes due in 2026 in June 2021, the redemption of the $600.0 million Senior Notes due in 2027 in January 2021 and the time period mortgage refinancing in December 2020.

ENERGIZER HOLDINGS, INC.
CONSOLIDATED BALANCE SHEETS
(Condensed)
(In thousands and thousands – Unaudited)




SEPTEMBER 30,



2022


2021

Property





Present property





Money and money equivalents


$                 205.3


$                 238.9

Commerce receivables


421.7


292.9

Inventories


771.6


728.3

Different present property


191.4


179.4

Whole present property


$              1,590.0


$              1,439.5

Property, plant and tools, internet


362.1


382.9

Working lease asset


100.1


112.3

Goodwill


1,003.1


1,053.8

Different intangible property, internet


1,295.8


1,871.3

Deferred tax asset


61.8


21.7

Different property


159.2


126.0

       Whole property


$              4,572.1


$              5,007.5

Liabilities and Shareholders’ Fairness





Present liabilities





Present maturities of long-term debt


$                   12.0


$                   12.0

Present portion of finance leases


0.4


2.3

Notes payable


6.4


105.0

Accounts payable


329.4


454.8

Present working lease liabilities


15.8


15.5

Different present liabilities


333.9


356.8

Whole present liabilities


$                 697.9


$                 946.4

Lengthy-term debt


3,499.4


3,333.4

Working lease liabilities


88.2


102.3

Deferred tax legal responsibility


17.9


91.3

Different liabilities


138.1


178.4

       Whole liabilities


$              4,441.5


$              4,651.8

Shareholders’ fairness





Frequent inventory


0.8


0.7

Necessary convertible most well-liked inventory



Further paid-in capital


828.7


832.0

Retained earnings


(304.7)


(5.0)

Treasury inventory


(248.9)


(241.6)

Gathered different complete loss


(145.3)


(230.4)

Whole shareholders’ fairness


$                 130.6


$                 355.7

Whole liabilities and shareholders’ fairness


$              4,572.1


$              5,007.5

ENERGIZER HOLDINGS, INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
(Condensed)
(In thousands and thousands – Unaudited)



FOR THE YEARS ENDED
SEPTEMBER 30,


2022


2021

Money Circulate from Working Actions




Web (loss)/earnings

$             (231.5)


$               160.9

       Changes to reconcile internet (loss)/earnings to internet money movement from operations:




Non-cash integration and restructuring costs

3.0


8.9

Impairment of goodwill and intangible property

541.9


Depreciation and amortization

121.6


118.5

Deferred revenue taxes

(135.3)


(62.9)

Share-based compensation expense

13.2


10.2

Achieve on sale of actual property


(3.3)

Achieve on finance lease termination

(4.5)


Loss on extinguishment on debt


103.3

Non-cash costs for Brazil flood

9.7


Non-cash costs for exiting the Russian market

12.6


Non-cash gadgets included in revenue, internet

6.2


17.3

Different, internet

(1.7)


(3.9)

       Adjustments in property and liabilities utilized in operations, internet of acquisitions




(Enhance)/lower in accounts receivable, internet

(185.5)


9.5

Enhance in inventories

(94.2)


(211.8)

Lower/(enhance) in different present property

20.6


(7.4)

(Lower)/enhance in accounts payable

(113.8)


51.4

Enhance/(lower) in different present liabilities

38.7


(11.0)

Web money from working actions

1.0


179.7

Money Circulate from Investing Actions




Capital expenditures

(77.8)


(64.9)

Proceeds from sale of property

0.6


5.7

Acquisition of intangible property

(14.7)


Acquisitions, internet of money acquired and dealing capital settlements

1.0


(67.2)

Web money utilized by investing actions

(90.9)


(126.4)

Money Circulate from Financing Actions




Money proceeds from issuance of debt with authentic maturities larger than 90 days

300.0


1,982.6

Funds on debt with maturities larger than 90 days

(13.7)


(2,773.8)

Web (lower)/enhance in debt with maturities 90 days or much less

(99.0)


102.1

Debt issuance prices

(7.6)


(29.0)

Funds to terminate finance lease obligations

(5.1)


Premiums paid on extinguishment of debt


(141.1)

Dividends paid on frequent inventory

(84.9)


(83.9)

Dividends paid on necessary convertible most well-liked inventory

(8.1)


(16.2)

Frequent inventory repurchased


(96.3)

Fee of contingent consideration


(6.8)

Taxes paid for withheld share-based funds

(2.5)


(6.7)

Web money from/(utilized by) financing actions

79.1


(1,069.1)

Impact of change price adjustments on money, money equivalents and restricted money

(22.8)


4.9

Web lower in money, money equivalents and restricted money

(33.6)


(1,010.9)

Money, money equivalents and restricted money, starting of interval

238.9


1,249.8

Money, money equivalents and restricted money, finish of interval

$               205.3


$              238.9

ENERGIZER HOLDINGS, INC.
Supplemental Schedules
Introduction to the Reconciliation of GAAP and Non-GAAP Measures
For the Quarter and Twelve Months ended September 30, 2022

The Firm reviews its monetary ends in accordance with accounting rules typically accepted within the U.S. (“GAAP”).  Nevertheless, administration believes that sure non-GAAP monetary measures present customers with further significant comparisons to the corresponding historic or future interval. These non-GAAP monetary measures exclude gadgets that aren’t reflective of the Firm’s on-going working efficiency, resembling impairment of goodwill and intangible property, acquisition and integration prices, restructuring prices, an acquisition earn out, the prices of the Could 2022 flooding of our Brazilian manufacturing facility, the prices of exiting the Russian market, the acquire on finance lease termination, the loss on extinguishment of debt and the one-time influence of Tax structuring. As well as, these measures assist buyers to research 12 months over 12 months comparability when excluding foreign money fluctuations in addition to different Firm initiatives that aren’t on-going. We imagine these non-GAAP monetary measures are an enhancement to help buyers in understanding our enterprise and in performing evaluation in step with monetary fashions developed by analysis analysts. Traders ought to think about non-GAAP measures along with, not as an alternative to, or superior to, the comparable GAAP measures. As well as, these non-GAAP measures is probably not the identical as comparable measures utilized by different firms as a consequence of attainable variations in strategies and within the gadgets being adjusted.

We offer the next non-GAAP measures and calculations, in addition to the corresponding reconciliation to the closest GAAP measure within the following supplemental schedules:

Phase Revenue.  This quantity represents the operations of our two reportable segments together with allocations for shared help features. Normal company and different bills, amortization expense, impairment of goodwill and intangible property, curiosity expense, loss on extinguishment of debt, the acquire on finance lease termination, different gadgets, internet, the fees associated to acquisition and integration prices, restructuring prices, an acquisition earn out, the prices of the flooding of our manufacturing facility in Brazil and the prices of exiting the Russian market have all been excluded from phase revenue.

Adjusted Web Earnings and Adjusted Diluted Web Earnings Per Frequent Share (EPS).  These measures exclude the influence of the impairment of goodwill and intangible property, prices associated to acquisition and integration, restructuring prices, an acquisition earn out, the prices of the flooding of our manufacturing facility in Brazil, the prices of exiting the Russian market, the acquire on finance lease termination, the loss on extinguishment of debt and the one-time influence of Tax structuring.

Non-GAAP Tax Price. That is the tax price when excluding the pre-tax influence of impairment of goodwill and intangible property, acquisition and integration prices, restructuring prices, an acquisition earn out, the prices of the flooding of our manufacturing facility in Brazil, the prices of exiting the Russian market, the acquire on finance lease termination and the loss on extinguishment of debt, in addition to the associated tax influence for this stuff, calculated using the statutory price for the place the influence was incurred, in addition to the one-time influence of Tax structuring.

Natural.  That is the non-GAAP monetary measurement of the change in income or phase revenue that excludes or in any other case adjusts for the change in Russia and Argentina operations and influence of foreign money from the adjustments in overseas foreign money change charges as outlined under:

Change in Russia Operations. The Firm exited the Russian market within the second quarter of fiscal 2022 because of the elevated world and financial and political uncertainty ensuing from the continued battle between Russia and Ukraine. This adjusts for the change in Russian gross sales and phase revenue from the prior 12 months submit exit.

Change in Argentina Operations. The Firm is presenting individually all adjustments in gross sales and phase revenue from our Argentina affiliate because of the designation of the economic system as extremely inflationary as of July 1, 2018.

Impression of foreign money. The Firm evaluates the working efficiency of our Firm on a foreign money impartial foundation.  The influence of foreign money is the distinction between the worth of present 12 months overseas operations on the present interval ending USD change price, in comparison with the worth of the present 12 months overseas operations on the prior interval ending USD change price, in addition to the influence of  hedging on the foreign money fluctuation.

Adjusted Comparisons.  Element for adjusted gross revenue, adjusted gross margin, adjusted SG&A, adjusted SG&A as p.c of gross sales and adjusted Different gadgets, internet are additionally supplemental non-GAAP measure disclosures. These measures exclude the influence of prices associated to acquisition and integration, restructuring prices, an acquisition earn out, the prices of exiting the Russian market and the prices of the flooding of our manufacturing facility in Brazil.

EBITDA and Adjusted EBITDA. EBITDA is outlined as internet earnings earlier than revenue tax provision, curiosity, depreciation and amortization.  Adjusted EBITDA additional excludes the influence of the prices associated to acquisition and integration, restructuring prices, acquisition earn out, the prices of the flooding of our manufacturing facility in Brazil, the prices of exiting the Russian market, the acquire on finance lease termination, impairment of goodwill and different intangible property, and share-based funds.

Free Money Circulate. Free Money Circulate is outlined as internet money supplied by working actions lowered by capital expenditures, internet of the proceeds from asset gross sales.

Web Debt. Web Debt is outlined as whole Firm debt, much less money and money equivalents.

Forex-neutral. Forex-neutral excludes the Impression of foreign money as outlined above on key measures. Hyper inflationary markets are excluded from this calculation.

Energizer Holdings, Inc.
Supplemental Schedules – Phase Data and Supplemental Gross sales Knowledge
For the Quarter and Twelve Months ended September 30, 2022
(In thousands and thousands, besides per share knowledge – Unaudited)

As of October 1, 2021, the Firm has modified its reportable segments from two geographical segments, beforehand Americas and Worldwide, to 2 product groupings, Battery & Lights and Auto Care. This transformation got here with the completion of the Spectrum Holdings, Inc. Battery and Auto Care Acquisition integrations within the first fiscal quarter of 2022. The Firm modified its reporting construction to higher mirror what the chief working determination maker is reviewing to make organizational selections and useful resource allocations. The Firm has recast the knowledge for the quarter and twelve months ended September 30, 2021 to align with this presentation.

Energizer’s working mannequin features a mixture of standalone and shared enterprise features between the product segments, various by nation and area of the world. Shared features embody the gross sales and advertising and marketing features, in addition to human assets, IT and finance shared service prices. Energizer applies a totally allotted value foundation, through which shared enterprise features are allotted between segments. Such allocations are estimates, and don’t characterize the prices of such providers if carried out on a standalone foundation. Phase gross sales and profitability, in addition to the reconciliation to earnings earlier than revenue taxes for the quarters and twelve months ended September 30, 2022 and 2021, respectively, are introduced under:


For the Quarter Ended
September 30,


For the Twelve Months
Ended September 30,

Web Gross sales

2022


2021


2022


2021

Batteries & Lights

$             639.0


$             603.3


$          2,427.3


$          2,402.8

Auto Care

151.4


162.7


622.8


618.7

Whole internet gross sales

$             790.4


$             766.0


$          3,050.1


$          3,021.5

Phase Revenue








Batteries & Lights

$             147.2


$             133.8


$             553.6


$             553.6

Auto Care

9.5


19.3


46.5


98.2

Whole phase revenue

$             156.7


$             153.1


$             600.1


$             651.8

Normal company and different bills (1)

(26.7)


(24.7)


(101.6)


(96.0)

Amortization of intangible property

(15.3)


(15.2)


(61.1)


(61.2)

Impairment of goodwill & intangible property

(541.9)



(541.9)


Acquisition and integration prices (2)


(14.3)


(16.5)


(68.9)

     Acquisition earn out (3)


(1.1)


(1.1)


(3.4)

Loss on extinguishment of debt




(103.3)

Curiosity expense

(42.0)


(36.8)


(158.4)


(161.8)

Mission Momentum Restructuring prices (1)

(0.9)



(0.9)


Exit of Russian market (4)

(0.6)



(14.6)


Achieve on finance lease termination (5)



4.5


Brazil flood harm, internet of insurance coverage proceeds (6)

0.2



(9.7)


Different gadgets, internet – Adjusted (7)

(4.6)


(4.0)


(4.3)


(3.0)

Whole (loss)/earnings earlier than revenue taxes

$            (475.1)


$               57.0


$            (305.5)


$             154.2



(1)

Recorded in SG&A on the Consolidated (Condensed) Assertion of Earnings.

(2)

See the Supplemental Schedules – Non-GAAP Reconciliations for the road gadgets the place these costs are recorded within the Consolidated (Condensed) Assertion of Earnings.

(3)

This represents the earn out achieved via September 30, 2022 and 2021 beneath the inducement agreements entered into with the fiscal 2021 acquisition of a formulations firm, and is recorded in SG&A on the Consolidated (Condensed) Assertion of Earnings.

(4)

These are the prices related to the exit of the Russian market throughout fiscal 2022. See the Supplemental Non-GAAP reconciliation for the road gadgets the place these costs are recorded within the Consolidated (Condensed) Assertion of Earnings.

(5)

This represents the termination of a finance lease within the fiscal 12 months ended September 30, 2022, related to a facility that was exited as part of the Firm’s 2019 Restructuring program. The acquire was recorded in Different gadgets, internet within the Consolidated (Condensed) Assertion of Earnings.

(6)

These are the prices related to the Could 2022 flooding of our Brazilian manufacturing facility, which have been recorded in Value of merchandise offered on the Consolidated (Condensed) Assertion of Earnings, internet of anticipated insurance coverage proceeds. The bulk is expounded to put in writing off of broken stock.

(7)

See the Supplemental Non-GAAP reconciliation for the Different gadgets, internet reconciliation between the reported and adjusted balances.

Supplemental product data is introduced under for depreciation and amortization:


For the Quarter Ended
September 30,


For the Twelve Months
Ended September 30,

Depreciation and amortization

2022


2021


2022


2021

Batteries & Lights

$                14.2


$               12.6


$                50.6


$                49.0

Auto Care

3.1


2.0


9.9


8.3

Whole phase depreciation and amortization

17.3


14.6


60.5


57.3

Amortization of intangible property

15.3


15.2


61.1


61.2

Whole depreciation and amortization

$                32.6


$               29.8


$              121.6


$              118.5

Energizer Holdings, Inc.
Supplemental Schedules – GAAP EPS to Adjusted EPS Reconciliation
For the Quarter and Twelve Months ended September 30, 2022
(In thousands and thousands, apart from per share data- Unaudited)


The next tables present a reconciliation of Web earnings and Diluted internet earnings per frequent share to Adjusted internet earnings and
Adjusted diluted internet earnings per share, that are non-GAAP measures.




For the Quarter Ended
September 30,


For the Twelve Months Ended
September 30,



2022


2021


2022


2021

Web (loss)/earnings attributable to frequent shareholders


$        (362.9)


$            79.1


$        (235.5)


$          144.7

Necessary most well-liked inventory dividends



(4.1)


(4.0)


(16.2)

Web (loss)/earnings


(362.9)


83.2


(231.5)


160.9

Pre-tax changes









Acquisition and integration (1)


$                —


$            14.3


$            16.5


$            68.9

Acquisition earn out



1.1


1.1


3.4

Impairment of goodwill & intangible property


541.9



541.9


Loss on extinguishment of debt





103.3

Mission Momentum Restructuring prices (1)


0.9



0.9


Exit of Russian market (1)


0.6



14.6


Achieve on finance lease termination (1)




(4.5)


Brazil flood harm, internet of insurance coverage proceeds (1)


(0.2)



9.7


   Whole changes, pre-tax


$          543.2


$            15.4


$          580.2


$          175.6

    Whole changes, after tax


$          421.4


$           (25.4)


$          452.6


$            94.5

Adjusted internet earnings (2)


$            58.5


$            57.8


$          221.1


$          255.4

Diluted internet earnings per frequent share


$           (5.09)


$            1.14


$           (3.37)


$            2.11

Changes









Acquisition and integration


(0.01)


0.17


0.17


0.79

Acquisition earn out



0.01


0.01


0.03

Impairment of goodwill & intangible property


5.86



5.86


Loss on extinguishment of debt





1.11

Mission Momentum Restructuring prices (1)


0.01



0.01


Exit of Russian market


(0.03)



0.17


Achieve on finance lease termination




(0.05)


Brazil flood harm, internet of insurance coverage proceeds


0.05



0.14


Tax structuring



(0.53)



(0.56)

Impression for diluted share calculation (3)


0.03



0.14


Adjusted diluted internet earnings per diluted frequent share (3)


$            0.82


$            0.79


$            3.08


$            3.48

Weighted common shares of frequent inventory – Diluted


71.3


72.8


69.9


68.7

Adjusted Weighted common shares of frequent inventory – Diluted (3)


71.7


72.8


71.7


68.7



(1)

See Supplemental Schedules – Non-GAAP Reconciliation for the place these prices are recorded on the unaudited Consolidated (Condensed) Assertion of Earnings.



(2)

The Efficient tax price for the Adjusted – Non-GAAP Web Earnings and Diluted EPS for the quarters ended September 30, 2022 and 2021 was 14.1% and 20.2%, respectively, and for the twelve months ended September 30, 2022 and 2021 was 19.5% and 22.6%, respectively, as calculated using the statutory price for the place the prices have been incurred.



(3)

For the quarter and twelve months ended September 30, 2022, the Adjusted Weighted common shares of frequent inventory – Diluted consists of the dilutive influence of our excellent efficiency shares and restricted inventory as they’re dilutive to the calculation. Throughout the 12 months ended September 30, 2022, the necessary convertible most well-liked shares have been transformed to roughly 4.7 million frequent inventory. The complete conversion was dilutive and the necessary most well-liked inventory dividends are excluded from internet earnings within the Adjusted dilution calculation.

For the quarter ended September 30, 2021, the diluted internet earnings per frequent share is assuming the conversion of the necessary convertible most well-liked inventory to 4.7 million shares of frequent inventory and excluding the necessary most well-liked inventory dividends from internet earnings. For the 12 months ended September 30, 2021, the Adjusted Weighted common shares of frequent inventory – Diluted consists of the dilutive influence of our excellent efficiency shares and restricted inventory as they’re dilutive to the calculation. 

Energizer Holdings, Inc.
Supplemental Schedules – Phase Gross sales
For the Quarter and Twelve Months Ended September 30, 2022
(In thousands and thousands, besides per share knowledge – Unaudited) 


Web Gross sales




















Batteries & Lights

Q1’22


% Chg


Q2’22


% Chg


Q3’22


% Chg


This fall’22


% Chg


FY ’22


% Chg

Web gross sales – prior 12 months

$  743.9




$  542.9




$  512.7




$   603.3




$  2,402.8



Natural

(1.7)


(0.2) %


(16.6)


(3.1) %


38.0


7.4 %


65.1


10.8 %


84.8


3.5 %

Change in Russia operations


— %


(2.3)


(0.4) %


(7.8)


(1.5) %


(8.9)


(1.5) %


(19.0)


(0.8) %

Change in Argentina operations

2.4


0.3 %


1.4


0.3 %


5.5


1.1 %


2.5


0.4 %


11.8


0.5 %

Impression of foreign money

(4.4)


(0.6) %


(8.9)


(1.7) %


(16.8)


(3.3) %


(23.0)


(3.8) %


(53.1)


(2.2) %

Web gross sales – present 12 months

$  740.2


(0.5) %


$  516.5


(4.9) %


$  531.6


3.7 %


$   639.0


5.9 %


$  2,427.3


1.0 %





















Auto Care




















Web gross sales – prior 12 months

$  104.7




$  142.2




$  209.1




$   162.7




$  618.7



Natural

1.4


1.3 %


27.6


19.4 %


(10.7)


(5.1) %


(8.7)


(5.3) %


9.6


1.6 %

Change in Russia operations


— %



— %


(0.1)


— %


(0.2)


(0.1) %


(0.3)


— %

Change in Argentina operations


— %



— %



— %


0.1


0.1 %


0.1


— %

Impression of foreign money


— %


(0.9)


(0.6) %


(1.9)


(1.0) %


(2.5)


(1.5) %


(5.3)


(0.9) %

Web gross sales – present 12 months

$  106.1


1.3 %


$  168.9


18.8 %


$  196.4


(6.1) %


$   151.4


(6.9) %


$ 622.8


0.7 %





















Whole Web Gross sales




















Web gross sales – prior 12 months

$  848.6




$  685.1




$  721.8




$   766.0




$  3,021.5



Natural

(0.3)


— %


11.0


1.6 %


27.3


3.8 %


56.4


7.4 %


94.4


3.1 %

Change in Russia operations


— %


(2.3)


(0.3) %


(7.9)


(1.1) %


(9.1)


(1.2) %


(19.3)


(0.6) %

Change in Argentina operations

2.4


0.3 %


1.4


0.2 %


5.5


0.8 %


2.6


0.3 %


11.9


0.4 %

Impression of foreign money

(4.4)


(0.6) %


(9.8)


(1.5) %


(18.7)


(2.6) %


(25.5)


(3.3) %


(58.4)


(2.0) %

Web gross sales – present 12 months

$  846.3


(0.3) %


$  685.4


— %


$  728.0


0.9 %


$   790.4


3.2 %


$  3,050.1


0.9 %

Energizer Holdings, Inc.
Supplemental Schedules – Phase Revenue
For the Quarter and Twelve Months Ended September 30, 2022
(In thousands and thousands, besides per share knowledge – Unaudited) 


Phase Revenue




















Batteries & Lights

Q1’22


% Chg


Q2’22


% Chg


Q3’22


% Chg


This fall’22


% Chg


FY ’22


% Chg

Phase Revenue – prior 12 months

$  180.5




$  125.4




$  113.9




$  133.8




$  553.6



Natural

(15.9)


(8.8) %


(26.8)


(21.4) %


35.7


31.3 %


21.6


16.1 %


14.6


2.6 %

Change in Russia operations


— %


(0.5)


(0.4) %


(1.8)


(1.6) %


(1.7)


(1.3) %


(4.0)


(0.7) %

Change in Argentina operations

3.0


1.7 %


1.1


0.9 %


3.2


2.8 %


2.3


1.7 %


9.6


1.7 %

Impression of foreign money

0.8


0.4 %


(3.9)


(3.1) %


(8.3)


(7.2) %


(8.8)


(6.5) %


(20.2)


(3.6) %

Phase Revenue – present 12 months

$  168.4


(6.7) %


$            95.3


(24.0) %


$  142.7


25.3 %


$  147.2


10.0 %


$  553.6


— %





















Auto Care




















Phase Revenue – prior 12 months

$ 18.3




$ 28.9




$ 31.7




$ 19.3




$ 98.2



Natural

(18.4)


(100.5) %


(4.0)


(13.8) %


(17.5)


(55.2) %


(8.3)


(43.0) %


(48.2)


(49.1) %

Change in Russia operations


— %



— %



— %



— %



— %

Change in Argentina operations


— %



— %



— %


0.1


0.5 %


0.1


0.1 %

Impression of foreign money

(0.1)


(0.6) %


(0.6)


(2.1) %


(1.3)


(4.1) %


(1.6)


(7.8) %


(3.6)


(3.5) %

Phase Revenue – present 12 months

$ (0.2)


(101.1) %


$            24.3


(15.9) %


$            12.9


(59.3) %


$  9.5


(50.8) %


$ 46.5


(52.6) %





















Whole Phase Revenue




















Phase Revenue – prior 12 months

$  198.8




$  154.3




$  145.6




$  153.1




$  651.8



Natural

(34.3)


(17.3) %


(30.8)


(20.0) %


18.2


12.5 %


13.3


8.7 %


(33.6)


(5.2) %

Change in Russia operations


— %


(0.5)


(0.3) %


(1.8)


(1.2) %


(1.7)


(1.1) %


(4.0)


(0.6) %

Change in Argentina operations

3.0


1.5 %


1.1


0.7 %


3.2


2.2 %


2.4


1.6 %


9.7


1.5 %

Impression of foreign money

0.7


0.4 %


(4.5)


(2.9) %


(9.6)


(6.6) %


(10.4)


(6.8) %


(23.8)


(3.6) %

Phase Revenue – present 12 months

$  168.2


(15.4) %


$  119.6


(22.5) %


$  155.6


6.9 %


$  156.7


2.4 %


$  600.1


(7.9) %

Energizer Holdings, Inc.
Supplemental Schedules – Non-GAAP Reconciliations
For the Quarter and Twelve Months Ended September 30, 2022
(In thousands and thousands, besides per share knowledge – Unaudited)


Gross Revenue

Q1’22

Q2’22

Q3’22

This fall’22


Q1’21

Q2’21

Q3’21

This fall’21


2022

2021

Web Gross sales

$846.3

$685.4

$728.0

$790.4


$848.6

$685.1

$721.8

$766.0


$3,050.1

$3,021.5

Value of merchandise offered – adjusted

528.7

446.3

434.1

504.5


503.0

407.3

438.9

477.2


1,913.6

1,826.4

Adjusted Gross Revenue

$317.6

$239.1

$293.9

$285.9


$345.6

$277.8

$282.9

$288.8


$1,136.5

$1,195.1

Adjusted Gross Margin

37.5 %

34.9 %

40.4 %

36.2 %


40.7 %

40.5 %

39.2 %

37.7 %


37.3 %

39.6 %

Acquisition and integration prices

6.0


7.7

7.3

9.6

9.1


6.0

33.7

Exit of Russian market

0.7

0.6



1.3

Brazil flood harm, internet of insurance coverage proceeds

9.9

(0.2)



9.7

Reported Value of merchandise offered

534.7

447.0

444.0

504.9


510.7

414.6

448.5

486.3


1,930.6

1,860.1

Reported Gross Revenue

$311.6

$238.4

$284.0

$285.5


$337.9

$270.5

$273.3

$279.7


$1,119.5

$1,161.4

Reported Gross Margin

36.8 %

34.8 %

39.0 %

36.1 %


39.8 %

39.5 %

37.9 %

36.5 %


36.7 %

38.4 %














SG&A

Q1’22

Q2’22

Q3’22

This fall’22


Q1’21

Q2’21

Q3’21

This fall’21


2022

2021

Phase SG&A

$89.9

$92.0

$91.3

$92.5


$89.7

$88.3

$85.1

$84.7


$365.7

$347.8

Company SG&A

21.7

25.6

27.6

26.7


24.0

25.8

21.5

24.7


101.6

96.0

SG&A Adjusted – subtotal

$111.6

$117.6

$118.9

$119.2


$113.7

$114.1

$106.6

$109.4


$467.3

$443.8

SG&A Adjusted % of Web Gross sales

13.2 %

17.2 %

16.3 %

15.1 %


13.4 %

16.7 %

14.8 %

14.3 %


15.3 %

14.7 %

Mission Momentum Restructuring prices

0.9



0.9

Acquisition and integration prices

9.4


10.4

8.6

9.7

11.3


9.4

40.0

Acquisition earn out

1.1


1.1

1.2

1.1


1.1

3.4

Exit of Russian market

5.8



5.8

Reported SG&A

$122.1

$123.4

$118.9

$120.1


$124.1

$123.8

$117.5

$121.8


$484.5

$487.2

Reported SG&A % of Web Gross sales

14.4 %

18.0 %

16.3 %

15.2 %


14.6 %

18.1 %

16.3 %

15.9 %


15.9 %

16.1 %














Different gadgets, internet

Q1’22

Q2’22

Q3’22

This fall’22


Q1’21

Q2’21

Q3’21

This fall’21


2022

2021

Curiosity revenue

$(0.2)

$(0.3)

$(0.2)

$(0.3)


$(0.1)

$(0.2)

$(0.2)

$(0.2)


$(1.0)

$(0.7)

International foreign money change loss/(acquire)

1.3

(0.1)

2.5

4.1


1.3

0.5

(0.9)

4.6


7.8

5.5

Pension profit apart from service prices

(1.1)

(1.1)

(1.0)

(0.9)


(0.5)

(0.5)

(0.6)

(0.3)


(4.1)

(1.9)

Different

0.2

(0.3)

1.7


0.1

0.1

(0.1)


1.6

0.1

Different gadgets, internet – Adjusted

0.2

(1.5)

1.0

4.6


0.7

(0.1)

(1.6)

4.0


4.3

3.0

Achieve on sale of property


(3.3)


(3.3)

Different


0.1

0.1

(2.8)


(2.6)

Exit of Russian market

7.5



7.5

Achieve on termination of finance lease

(4.5)



(4.5)

Whole Different gadgets, internet

$0.2

$6.0

$(3.5)

$4.6


$0.8

$(0.1)

$(1.5)

$(2.1)


$7.3

$(2.9)














Acquisition and integration

Q1’22

Q2’22

Q3’22

This fall’22


Q1’21

Q2’21

Q3’21

This fall’21


2022

2021

Value of merchandise offered

$6.0

$—

$—

$—


$7.7

$7.3

$9.6

$9.1


$6.0

$33.7

SG&A

9.4


10.4

8.6

9.7

11.3


9.4

40.0

Analysis and growth

1.1


0.1

0.9

0.1


1.1

1.1

Different gadgets, internet


0.1

0.1

(6.1)


(5.9)

Acquisition and integration associated gadgets

$16.5

$—

$—

$—


$18.3

$16.8

$19.5

$14.3


$16.5

$68.9

Energizer Holdings, Inc.
Supplemental Schedules – Non-GAAP Reconciliations cont.
For the Quarter and Twelve Months Ended September 30, 2022
(In thousands and thousands, besides per share knowledge – Unaudited)



Q1’22


Q2’22


Q3’22


This fall’22


FY 2022


This fall’21


FY2021

Web earnings/(loss)

$      60.0


$      19.0


$      52.4


$  (362.9)


$   (231.5)


$       83.2


$     160.9

Revenue tax provision/(profit)

16.5


9.0


12.7


(112.2)


(74.0)


(26.2)


(6.7)

Earnings/(loss) earlier than revenue taxes

76.5


28.0


65.1


(475.1)


(305.5)


57.0


154.2

Curiosity expense

37.0


38.3


41.1


42.0


158.4


36.8


161.8

Loss on extinguishment of debt







103.3

Depreciation & Amortization

29.4


29.2


30.4


32.6


121.6


29.8


118.5

EBITDA

142.9


95.5


136.6


(400.5)


(25.5)


123.6


537.8

Changes:














Acquisition and integration prices

16.5





16.5


14.3


68.9

Mission Momentum Restructuring prices




0.9


0.9



Exit of Russian market


14.0



0.6


14.6



Achieve on finance lease termination



(4.5)



(4.5)



Brazil flood harm, internet of insurance coverage proceeds



9.9


(0.2)


9.7



Acquisition earn out

1.1





1.1


1.1


3.4

Impairment of goodwill & intangible property




541.9


541.9



Share-based funds

1.3


5.1


3.5


3.3


13.2


(3.1)


10.2

Adjusted EBITDA

$    161.8


$    114.6


$    145.5


$    146.0


$     567.9


$     135.9


$     620.3

Free Money Circulate


Web money from working actions for the twelve months ended September 30, 2022

$                                    1.0

Web money from working actions for the 9 months ended June 30, 2022

(106.2)

Web money from working actions for the three months ended September 30, 2022

$                                 107.2



Capital expenditures for the twelve months ended September 30, 2022

$                                   77.8

Capital expenditures for the 9 months ended June 30, 2022

65.8

Capital expenditures for the three months ended September 30, 2022

$                                   12.0



Proceeds from sale of property for the twelve months ended September 30, 2022

$                                     0.6

Proceeds from sale of property for the 9 months ended June 30, 2022

0.5

Proceeds from sale of property for the three months ended September 30, 2022

$                                     0.1



Free Money Circulate for the three months ended September 30, 2022

$                                   95.3

Web Debt

9/30/2022


6/30/2022

Present maturities of long-term debt

$                                  12.0


$                                  12.0

Present portion of finance leases

0.4


0.6

Notes payable

6.4


61.4

Lengthy-term debt

3,499.4


3,544.6

Whole debt per the stability sheet

$                            3,518.2


$                            3,618.6

Money and money equivalents

205.3


199.5

Web Debt

$                            3,312.9


$                            3,419.1

Energizer Holdings, Inc.
Supplemental Schedules – Non-GAAP Reconciliations cont.
Fiscal 2023 Outlook
(In thousands and thousands, besides per share knowledge – Unaudited) 


Fiscal 2023 Outlook Reconciliation – Adjusted earnings and Adjusted diluted internet earnings per frequent share (EPS)







(in thousands and thousands, besides per share knowledge)

Web earnings


EPS

Fiscal 2023 – GAAP Outlook

$201

to

$226


$2.79

to

$3.14

Impacts:








Mission Momentum Restructuring prices

15


12


0.21


0.16







Fiscal 2023 – Adjusted Outlook

$216

to

$238


$3.00

to

$3.30

Fiscal 2023 Outlook Reconciliation – Adjusted EBITDA

(in thousands and thousands, besides per share knowledge)




Web earnings

$201

to

$226

Revenue tax provision

32

to

62

Earnings earlier than revenue taxes

$233

to

$288

Curiosity expense

172

to

168

Amortization

65

to

60

Depreciation

70

to

64

EBITDA

$540

to

$580





Changes:




Mission Momentum Restructuring prices

20

to

15

Share-based funds

25

to

20

Adjusted EBITDA

$585

to

$615

SOURCE Energizer Holdings, Inc.