Fourth Quarter Earnings Release 2016 February 1, 2017 Forward - PowerPoint PPT Presentation

Fourth Quarter Earnings Release 2016 February 1, 2017

Forward looking statements We are making some forward looking statements today that use words like “outlook” or “target” or similar predictive words. Such forward looking statements involve risks and uncertainties detailed in our recent periodic reports as filed in accordance with the Securities and Exchange Act of 1934. These risks and uncertainties may cause actual results to differ materially from our statements today. Visit www.tupperwarebrands.com 2

Fourth Quarter Highlights • Sales* up 1% in dollars • Sales* up 3% in local currency • Emerging markets, +8% (65% of sales) • Established markets, -4 % (35% of sales) • Adjusted EPS of $1.45. Up 9% in local currency, 3 cents over high end of guidance range, up 7% in dollars • Returned $35M to shareholders through dividends • Total Sales Force count up 1% year-over-year • Active Sellers down 8% compared with last year * Includes 4 – point benefit from an additional week in the fiscal quarter . 3

Fourth Quarter Sales* up 3% in Local Currency + CIS Germany +6% -10% Emerging France Markets -6% BeautiControl TW Korea Turkey -24% U.S./Canada China +5% -11% +8% in Local Currency Sales +8% +31% 65% of Fourth Quarter Sales TW Mexico India +1% -14% Philippines +1% Fuller Mexico -8% Malaysia/ Indonesia Singapore -17% +9% Established Brazil +32% Markets TW S. Africa Avroy +53% -4% in Local Currency Sales Shlain 35% of Fourth Quarter Sales +13% Argentina +42% * The fourth quarter contained a 14th week under the Company’s fiscal calendar. 4 + See information in dollars in the appendix.

Financial Highlights 5

Seven units over $100 million in 2016 sales $200M+ Major Currencies $100M+ Brazil China Brazilian real TW U.S. & Canada Fuller Mexico Chinese renminbi Germany Euro Indonesia Indonesian rupiah Tupperware Mexico Mexican peso 6

Q4 Adjusted Earnings per Share Roll-Forward * (diluted) $1.55 9% Increase in Local Currency $1.50 $0.09 $1.45 $1.45 $1.40 $0.08 $1.35 $1.33 ( $0.01) ( $0.02) ( $0.02) $1.30 $1.25 2015 at 2016 Shares Tax Interest Unallocated Ops 2016 Rates *See GAAP to NON-GAAP reconciliation attached to Q4 2016 earnings release 7

Return on Sales* 2016 2016 2016 Fourth Quarter Full Year 2016 Fourth Quarter High End High End Full Year Actual Actual Guidance Guidance 2015 Pretax ROS 15.1% 15.1% 12.8% 12.8% Translation FX 20 bp 10 bp (40) bp (40) bp 2015 Pretax ROS (constant currency) 15.3% 15.2% 12.4% 12.4% LC Operating Margin Improvement 10 bp 130 bp 70 bp 100 bp -- Net interest expense (20) bp 10 bp -- 2016 Pretax ROS 15.4% 16.3% 13.2% 13.4% *Excluding items. GAAP to non-GAAP reconciliation in attached appendix and in the Q4 2016 earnings release 8

Uses of Cash 2016 2017 Guidance Cash Flow from Operating Cash Flow from Operating Net of Investing Activities Net of Investing Activities* Guidance: $213 million $185 to $195 million Dividends Dividends Quarterly: 68 cents per share 68 cents per share quarterly $139 million Improve Leverage Ratio to below Debt Repayments 1.75X Target at year-end Net Debt to EBITDA ration to 1.78X through EBITDA growth & debt repayment *2017 guidance excludes potential land sales and capital expenditures related to land development. 9

Outlook* First Quarter Full Year 2017 Guidance 2017 Guidance USD Sales 0% – 2% 0% – 2% GAAP EPS $0.84 – $0.89 $4.26 – $4.36 GAAP Pre-tax ROS 10.9% – 11.4% 13.1% – 13.2% Local Currency Sales +1% – 3% +1% – 3% EPS, excluding items * $0.89 – $0.94 $4.47 – $4.57 Pre-tax ROS, excluding items 11.6% – 12.1% 13.9% ($0.02) ($0.06) FX Impact on EPS comparison, excluding items *Excluding items. GAAP to non-GAAP reconciliation in attached appendix and in the Q4 2016 earnings release 10

Return on Sales Guidance* 2017 2017 First Quarter Full Year High End Guidance High End Guidance 2016 Pretax ROS 11.7% 13.4% Translation FX (10) bp -- 2016 Pretax ROS (constant currency) 11.6% 13.4% LC Operating Margin Improvement 35 bp 40 bp 10 Net Interest Expense 10 2017 Pretax ROS (high end guidance) 12.1% 13.9% *Excluding items. GAAP to non-GAAP reconciliation in attached appendix and in the Q4 2016 earnings release 11

Appendix 12

Full Year 2017 EPS Outlook Excluding Items* (diluted) 20 cent increase in Reported $ 6% increase in Local Currency $5.00 $4.57 $0.34 $4.50 $4.37 ($0.06) ($0.03) $4.31 ($0.03) ($0.02) $4.00 $3.50 2016 FX 2016 at 2017 Unallocated Shares Tax Ops 2017 Rates *High end of range. See information on GAAP basis in appendix 13

Non-GAAP Financial Reconciliation 2015 Q4 2016 2016 Q1 2017* 2017* Net Sales $2,283.8 600.9 $2,213.1 $533.9 $2,248.6 Net Income (GAAP) $185.8 $79.0 $223.6 $45.5 $222.2 Adjustments: (13.7) (2.2) (27.3) -- -- Gains on disposal of assets, including insurance recoveries -- -- (0.9) -- -- Other Income from real estate operations sold Re-engineering and other restructuring costs (includes Pension Settlement costs) 21.8 4.8 11.9 2.0 10.0 Impact of Venezuelan bolivar devaluation from balance sheet positions 14.9 0.1 4.3 -- -- Acquired intangible asset amortization 10.2 1.8 7.6 1.8 7.0 Income tax impact of adjustments 1.5 (9.8) 3.3 (1.3) (6.0) Net Income (Adjusted) $220.5 $73.7 $222.5 $48.0 $233.2 Adjusted EPS $4.37 $1.45 $4.39 $0.94 $4.57 Pre-tax Adjusted ROS 12.8% 16.3% 13.4% 12.1% 13.9% Average number of diluted shares (millions) 50.4 50.8 50.7 50.9 51.0 * High-end of guidance range provided in February 1, 2017 Earnings Release. Impact of changes in foreign currency versus prior year are updated monthly and posted on: http://ir.tupperwarebrands.com/foreign-exchange-impact.cfm. 14

Fourth Quarter Sales* Up 1% in Dollars Germany CIS -12% +10% Emerging France Markets -8% BeautiControl TW Korea Turkey -24% U.S./Canada China -22% +3% +5% in Dollar Sales +8% +22% 65% of Fourth Quarter Sales TW Mexico India -15% -16% Philippines -3% Fuller Mexico -22% Malaysia/ Indonesia Singapore -14% +8% Established Brazil +57% Markets TW S. Africa Avroy -4% in Dollar Sales +55% Shlain 35% of Fourth Quarter Sales +14% Argentina -3% * The fourth quarter contained a 14th week under the Company’s fiscal calendar. 15

Global Portfolio – Fourth Quarter Segment Sales Share Emerging/Established % 100% 90% 32% 80% 37% Europe 70% 27% 74% Asia Pacific 60% 82% 32% 50% 100% 40% 30% 20% 10% 0% Europe Asia Pacific Tupperware Beauty NA South South America Tupperware N.A 18% NA America 16% Beauty NA 7% Established Emerging 16

Fourth Quarter Earnings Release 2016 February 1, 2017