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Forward-Looking Statements The following presentation contains “forward looking statements” within the meaning of the Private Securities Litigation Reform A ct of 1995. Forward-looking statements are not based on historical facts but instead reflect our expectations concerning future results or events, including our expectations for our spin-off of the household products business, our growth, new product launches and strategic initiatives, including restructurings, and our outlook for future financial, operational or other potential or expected results. These statements are not guarantees of performance and are inherently subject to known and unknown risks and assumptions that are difficult to predict and could cause our actual results, performance or achievements to differ materially from those expressed in or indicated by those statements. The forward-looking statements included in this presentation are only made as of the date of this document and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances. Numerous factors could cause our actual results and events to differ materially from those expressed or implied by forward-looking statements, including: • Whether the spin-off of the Household Products business is completed and the timing of any such spin-off; • Whether the operational, marketing and strategic benefits of the spin-off can be achieved; • General market and economic conditions; • Market trends in the categories in which we operate; • The success of new products and the ability to continually develop and market new products; • Our ability to attract, retain and improve distribution with key customers; • Our ability to timely execute strategic initiatives, including restructurings, in a manner that will positively impact our financial condition and results of operations and does not disrupt our business operations; • The impact of strategic initiatives, including the planned spin-off of the Household Products business as well as restructurings, on our relationships with employees, customers and vendors; In addition, other risks and uncertainties not presently known to us or that we consider immaterial could affect the accuracy of any such forward-looking statements. The list of factors above is illustrative, but by no means exhaustive. 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 ENR’s publicly filed documents, i ncluding its annual report on Form 10-K for the year ended September 30, 2014 and the Form 10-Q for the quarter ended December 31, 2014.. 2
Trademarks and Brands We use “Energizer” and the Energizer logo as our trademarks. Product names and company programs appearing in this presentatio n are trademarks of Energizer Holdings, Inc. or its subsidiaries. This presentation also may refer to brand names, trademarks, service marks and trade names of other companies and organizations, and these brand names, trademarks, service marks and trade names are the property of their respective owners. Market and Industry Data Unless we indicate otherwise, we base the information concerning our industry contained in this presentation on our general knowledge of and expectations concerning the industry. Our market position and market share are based on our estimates using data from various industry sources and assumptions that we believe to be reasonable based on our knowledge of the industry. We have not independently verified data from industry sources and cannot guarantee its accuracy or completeness. In addition, we believe that data regarding the industry and our market position and market share within such industry provides general guidance but is inherently imprecise . Regulation G – Non-GAAP Financial Measures For full reconciliation of non-GAAP financial measures, visit www.energizerholdings.com About Energizer, Investor Relations, Presentations 3
Ward Klein Chief Executive Officer 4
Energizer Holdings, Inc. SPUN-OFF FROM RALSTON PURINA IN MARCH 2000 Fiscal Year Ending September 30, 2000 • Net Sales FY 2000 $1.9 billion • Segment Profit FY 2000 $436 million • Share Price 4/3/2000 $21.25 5
Financial Strategy • Optimize battery business performance • Generate strong cash flow • Make opportunistic acquisitions – SWS - utilize strong cash flows from battery and diversify into global categories that respond to innovation – Playtex – portfolio of #1 and #2 brands that expanded personal care holdings and leveragable scale – Edge - #1 shave prep brands in North America, strong commercial synergies – ASR - leading private label razor and blade manufacturer in the world – J&J FemCare - North America feminine pads and liners. Combined with PYX tampons creates a strong fem care business in North America 6
Financial Strategy • Optimize battery business performance • Generate strong cash flow • Make opportunistic acquisitions • Return cash to shareholders – Opportunistically repurchased 56.8 million shares at an average price of $48.60/share – Initiated a dividend policy with total payments of $286 million 7
EHI – Financial Results Net Sales CAGR 5 $4.4 billion 4.5 Net Sales 6.2% 4 3.5 Segment Profit 5.6% 3 Billions 2.5 $1.9 billion Adjusted EPS 11.0% 2 1.5 TSR 12.5% 1 0.5 0 2000 2014 Over $3 billion in Cash Returned to Shareholders 8
Why Split • Achieved Critical Mass on Both Businesses • Focus on Distinct Commercial Opportunities • Customize Allocation of Financial Resources • Sharpen Management Focus • Create Independent Equity Currencies 9
Separation Objectives • Firmly establish both businesses for success – Strong capital structures – Positive business momentum in both businesses • Emphasis on innovation • Strong brand building spending • Lean go-to-market footprints • Effect spin by July 1, 2015 10
Separation Status • Project is complex – Two comparably sized companies integrated outside the U.S. – Companies in over 50 countries, 6 continents – Restructuring, as a part of the spin, to right size the global footprint 11
Separation Status • Project is complex • Proceeding as planned – Announced April 30, 2014 – Geographic footprint defined – Leadership selected in 2014 – Form 10 filed on February 6, 2015 – Capital Structure to be finalized by May – Investor meetings planned for June – Split targeted for July 1, 2015 12
Introduction of New CEO’s • David Hatfield, CEO of Remain Co, existing Personal Care business • Alan Hoskins, CEO of Spin Co, existing Household Products business 13
David Hatfield CEO of Remain Co, existing Personal Care business: • Over 29 years with Energizer • President and CEO, Energizer Personal Care since 2007 • Previous positions include: – Executive Vice President and Chief Marketing Officer, Energizer Battery from 2004 to 2007 – Vice President, North American and Global Marketing, from 1999 to 2004 14
Alan Hoskins CEO of Spin Co, existing Household Products business: • 33 years with Energizer • President and CEO of the Household Products Division since 2012 • Previous positions include: – Vice President, Asia-Pacific, Africa and Middle East 2008 to 2011 – Vice President, North America Household Products Division from 2005 to 2008 15
ZITHER2014\02 Presentations\03 Announcement Investor Presentation\DRAFT Project Hazel Announcement 15.pptx PERSONAL CARE David Hatfield, CEO 16
ZITHER2014\02 Presentations\03 Announcement Investor Presentation\DRAFT Project Hazel Announcement 15.pptx Energizer Personal Care: Who We Are Business Mix 1 Leading pure-play personal care Infant Care 5% 2% company Other Sun and Skin Care 16% Presence in attractive categories 61% Wet Shave 16% Feminine Care — Wet shave — Sun care Latin America 7% 2% Other — Feminine care Asia 13% US & — Infant care Canada 18% 60% EMEA Multi-national; Strong position in large and developed markets Revenue: $2.6 billion 1 For the Fiscal Year Ended 9/30/2014. 17
ZITHER2014\02 Presentations\03 Announcement Investor Presentation\DRAFT Project Hazel Announcement 15.pptx We Operate in Attractive Consumer Categories Global categories forecasted to grow (Euromonitor FY13-16) — Wet Shave: +2% — Sun care +4% US Categories rebounding recently (Nielsen 1/10/15) Total EPC Manual Shave Sun Care Fem Care Shave Preps Baby Care Categories L12W -0.1% 4.9% 1.1% 3.7% 2.8% 1.2% L52W -2.1% 0.4% 1.2% -0.1% -1.8% -0.5% 18
ZITHER2014\02 Presentations\03 Announcement Investor Presentation\DRAFT Project Hazel Announcement 15.pptx We Have Strong Brands and Competitive Positions Category Brands Key Geographies Rank US, Canada, Japan, Wet Shave #2 Globally Germany Sun and Skin Care US, Mexico, Australia #1 Feminine Care 1 US and Canada #2,3 Infant Care US and Canada #1 1 #2 market share position of total tampons and #2 or #3 in liners and pads : US and 19 Canada Nielsen 1/10/15
ZITHER2014\02 Presentations\03 Announcement Investor Presentation\DRAFT Project Hazel Announcement 15.pptx Organic growth and M&A have fueled topline over time Net Sales 3000 2500 2000 1500 1000 500 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20
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