Financial Performance - Q3 Fiscal 2021 - Net sales increased by 9.7% to $721.8 million[8] - Organic net sales grew by 5.8%[8] - Adjusted EPS was $0.74[8], driven by organic net sales growth, synergy realization, and interest savings, slightly offset by higher A&P[8] - Adjusted EBITDA reached $144.4 million with a margin of 20.0%[8] - Adjusted Free Cash Flow was $42.6 million[8], decreased from prior year as inventory investments were made to service continued high levels of demand and rebuild safety stock[8] Financial Performance - Q3 Fiscal 2020 to Q3 Fiscal 2021 - Adjusted Gross Margin increased from 39.2% to 40.8%[10] - Adjusted EPS increased from $0.50 to $0.74[11] - Adjusted EBITDA increased from $134.6 million to $144.4 million[11] Fiscal 2021 Outlook - Net sales are expected to grow by 8% to 9%[12], attributed to distribution gains, elevated battery demand, and favorable currency impacts[12] - Adjusted EBITDA is projected to be between $620 million and $640 million[12] - Adjusted Free Cash Flow is expected to exceed $225 million[12], reflecting the impact of incremental investment in inventory to support the upcoming peak battery season[12] - Adjusted EPS is forecasted to be in the range of $3.30 to $3.50[12] - Adjusted Gross Margin Rate is expected to decrease by 80 to 110 basis points due to increasing inflationary cost pressures[13]

Financial Data and Key Metrics Changes - The company reported organic sales growth of 12.7%, with adjusted earnings per share of $0.77, more than double the prior year [8][9][25] - Adjusted EBITDA for the quarter was $148 million, up 20% compared to the prior year [25] - The adjusted gross margin decreased by 110 basis points to 40.5%, primarily due to increased operating costs from tariffs, transportation, and product input costs [27][28] Business Line Data and Key Metrics Changes - The Americas segment showed organic growth of nearly 16%, while the International segment grew by 6% [26] - The Battery and Auto Care businesses benefited from elevated demand and distribution gains, with Auto Care experiencing a healthy category growth of 7.4% [14][26] Market Data and Key Metrics Changes - In the U.S., the battery category experienced a 13.9% decline year-over-year in the most recent four weeks, but was up 14.1% when compared to pre-pandemic levels [12][13] - Internationally, the battery category saw growth, with France up nearly 11%, Australia up 7%, and Germany up 18.5% [84] Company Strategy and Development Direction - The company is focused on managing costs and pricing strategies to offset inflationary pressures, with a goal of delivering over $120 million in synergies by the end of fiscal 2021 [21][34] - There is an emphasis on innovation and brand building, particularly in the Auto Care segment, with a strong innovation pipeline and increased production capabilities [22][61] Management's Comments on Operating Environment and Future Outlook - Management anticipates continued inflationary pressures and has initiated productivity and revenue management efforts to mitigate these costs [18][19] - The company is optimistic about the battery category's long-term growth potential, citing increased device usage and consumer habits that are likely to persist post-pandemic [49][50] Other Important Information - The company has increased its full fiscal year outlook, expecting net sales growth of 5% to 7% and adjusted earnings per share in the range of $3.30 to $3.50 [10][34] - E-commerce sales have increased by 70% across the combined portfolio, reflecting successful investments and focus in this area [16][78] Q&A Session Summary Question: Can you elaborate on gross margin and commodity outlook? - Management indicated they are fully hedged for commodities for the rest of fiscal 2021 and about 25% hedged for fiscal 2022, with ongoing efforts to manage costs and pricing [44][42] Question: What are the assumptions for battery category growth in the back half of the fiscal year? - Management expects tough comparisons due to elevated demand but believes consumer habits will sustain higher battery usage [48][49] Question: Can you provide details on pricing actions in AutoCare versus batteries? - Price increases in AutoCare were broad-based to offset inflationary pressures, while battery pricing actions will be considered based on a thorough analysis of costs and market dynamics [54][95] Question: How is the company addressing cost synergies and productivity? - The company continues to focus on continuous improvement and has exceeded synergy expectations, with further opportunities identified in the global product supply chain [76][77] Question: What is the outlook for e-commerce growth and market share? - E-commerce growth is robust, with the company maintaining its market share against competitors, although precise data is currently limited [78][80]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 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: 001-36837 _________________________________________________________ ...

Financial Data and Key Metrics Changes - The company reported organic sales growth of 12.7%, with battery sales up 11% and auto care sales up 27% globally [6][16] - Adjusted gross margin was 40.7%, reflecting a decrease of 110 basis points year-over-year but an improvement sequentially [17] - Adjusted earnings per share grew by 38% to $1.17, and adjusted EBITDA increased by 17% to $192 million [16][22] - The company increased its full-year adjusted earnings per share outlook to a range of $3.10 to $3.40 [6][22] Business Line Data and Key Metrics Changes - The battery category value increased by 6.9%, with Energizer gaining 2.5 share points driven by distribution gains [7] - Auto care in the U.S. grew over 10%, with strong growth in non-measured channels, including e-commerce [8] - The company realized $20 million in synergies during the quarter, with expectations of $40 million to $45 million for the full year [10][19] Market Data and Key Metrics Changes - International markets showed strong growth, with developed and developing markets contributing positively [61] - The company noted that the pandemic-driven demand would continue to influence sales, particularly in the battery category [9][23] Company Strategy and Development Direction - The company is focused on innovation, operational excellence, and productivity to navigate the pandemic and position for future growth [5][14] - Integration activities from recent acquisitions are on track, with a goal of achieving over $100 million in total synergies [10][19] - The company is modernizing its operational capabilities to become more digitally advanced and responsive to consumer behavior [11][13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertainty in the operating environment due to the pandemic but expressed confidence in the company's strategic priorities [24][25] - The company anticipates that elevated demand for batteries will continue, but there may be a transition to more normalized demand levels later in the year [23][38] - Management is prepared for various scenarios as consumer habits evolve post-pandemic [53] Other Important Information - The company refinanced a portion of its debt, resulting in annualized interest savings of approximately $25 million [20][21] - The total debt at the end of the quarter was approximately $3.4 billion, with nearly 85% at fixed rates [20] Q&A Session Summary Question: Top line growth balance between volume and price/mix - Management indicated that they successfully captured demand with lower incremental costs and improving gross margins, expecting strong growth in Q1 and Q2 [26][27] Question: Competitive perspective regarding distribution gains - Management noted that while Duracell remains a strong competitor, the promotional environment has been stable, and they expect healthy competition [31][32] Question: Impact of debt refinancing on capital allocation - Management confirmed that there would be no change in their capital allocation strategy, maintaining a balanced approach [33] Question: Year-over-year declines in battery demand - Management explained that while there may be declines, they expect demand to settle between pre-pandemic levels and current elevated demand [36][38] Question: Outlook for auto care market share - Management expects share growth in auto care as new innovations are introduced and seasonal demand increases [40] Question: Commodity costs and pricing strategies - Management stated they are about 80% hedged for commodity costs and will monitor pricing opportunities as needed [45][46] Question: International business growth outlook - Management reported strong growth in international markets and expects this trend to continue despite some disruptions [61] Question: Clarification on sales outlook including acquisitions and FX - Management confirmed that the sales outlook includes contributions from acquisitions and favorable currency impacts [58][59]

[PART I — FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20%E2%80%94%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Presents unaudited condensed consolidated financial statements for Energizer Holdings, Inc., including earnings, balance sheets, cash flows, and detailed notes [Consolidated Statements of Earnings and Comprehensive Income](index=4&type=section&id=Consolidated%20Statements%20of%20Earnings%20and%20Comprehensive%20Income) | Financial Metric | Q1 2021 (ended Dec 31, 2020) | Q1 2020 (ended Dec 31, 2019) | | :--- | :--- | :--- | | **Net sales** | **$848.6M** | **$736.8M** | | Gross profit | $337.9M | $301.3M | | Earnings before income taxes | $87.3M | $58.7M | | **Net earnings from continuing operations** | **$67.1M** | **$45.8M** | | Net earnings attributable to common shareholders | $63.1M | $42.1M | | **Diluted EPS - continuing operations** | **$0.91** | **$0.60** | [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) | Balance Sheet Item | Dec 31, 2020 | Sep 30, 2020 | | :--- | :--- | :--- | | Cash and cash equivalents | $305.6M | $459.8M | | Total current assets | $1,340.0M | $2,210.9M | | Goodwill | $1,056.2M | $1,016.0M | | **Total assets** | **$4,929.1M** | **$5,728.3M** | | Total current liabilities | $777.8M | $1,648.4M | | Long-term debt | $3,345.0M | $3,306.9M | | **Total liabilities** | **$4,599.5M** | **$5,419.2M** | | **Total shareholders' equity** | **$329.6M** | **$309.1M** | [Consolidated Statements of Cash Flows](index=6&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) | Cash Flow Activity | Three Months Ended Dec 31, 2020 | Three Months Ended Dec 31, 2019 | | :--- | :--- | :--- | | **Net cash from operating activities** | **$76.3M** | **$123.5M** | | Net cash used by investing activities | ($74.8M) | ($16.2M) | | Net cash used by financing activities | ($955.2M) | ($77.4M) | | Effect of exchange rate changes on cash | $9.5M | $5.1M | | **Net (decrease)/increase in cash** | **($944.2M)** | **$35.0M** | [Notes to Consolidated (Condensed) Financial Statements](index=8&type=section&id=Notes%20to%20Consolidated%20(Condensed)%20Financial%20Statements) Provides detailed information on accounting policies, financial activities, including revenue, acquisitions, restructuring, debt, and segment performance Net Sales by Product Category (Q1) | Category | 2020 | 2019 | | :--- | :--- | :--- | | Batteries | $706.1M | $621.9M | | Auto Care | $101.8M | $78.7M | | Lights, Licensing and Other | $40.7M | $36.2M | | **Total Net Sales** | **$848.6M** | **$736.8M** | - In Q1 FY2021, the company completed two acquisitions: the Formulations Acquisition for a cash purchase price of **$51.2 million** and the FDK Indonesia Acquisition for a contractual price of **$18.2 million** to increase alkaline battery production capacity[34](index=34&type=chunk)[40](index=40&type=chunk) - The company initiated a new restructuring program in Q4 FY2020 focused on its global supply chain, with expected costs of **$4 to $7 million**; total restructuring expenses for the quarter were **$10.6 million**, up from **$6.3 million** in the prior year[59](index=59&type=chunk)[60](index=60&type=chunk) - In December 2020, the company refinanced its debt by entering into a new Credit Agreement for a **$400 million** revolving facility and a **$550 million** Term Loan due 2027, using the proceeds to pay down existing term loans and its revolver[97](index=97&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=31&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 FY2021 financial results, highlighting strong sales growth, acquisitions, restructuring, debt refinancing, and changes in liquidity and segment performance [Highlights / Operating Results](index=35&type=section&id=Highlights%20%2F%20Operating%20Results) Net sales increased **15.2%** to **$848.6 million** driven by organic growth and acquisitions, with adjusted diluted EPS up **37.6%** despite gross margin decline Q1 Net Sales Growth Breakdown | Component | Contribution ($M) | % Change | | :--- | :--- | :--- | | Prior Year Net Sales | $736.8 | - | | Organic Growth | $93.3 | 12.7% | | Impact of FY 2021 Acquisitions | $9.6 | 1.3% | | Change in Argentina | $2.8 | 0.4% | | Impact of Currency | $6.1 | 0.8% | | **Current Year Net Sales** | **$848.6** | **15.2%** | - Organic net sales growth of **12.7%** was driven by new distribution (**5.5%**), increased replenishment volumes due to elevated demand (**4.0%**), timing of holiday/Brexit shipments (**2.2%**), and favorable pricing (**1.0%**)[218](index=218&type=chunk) Adjusted Gross Margin Reconciliation | Component | Basis Point Impact | | :--- | :--- | | **Gross Margin - FY'20 Adjusted** | **41.8%** | | Incremental COVID-19 costs | (130) bps | | Mix and product cost impacts | (150) bps | | Lower margin of acquired businesses | (40) bps | | Synergy realization | 180 bps | | Currency impact | 30 bps | | **Gross Margin - FY'21 Adjusted** | **40.7%** | [Segment Results](index=38&type=section&id=Segment%20Results) Americas and International segments showed strong net sales growth, with total segment profit increasing **18.9%** to **$215.7 million** driven by top-line growth and synergies Q1 Segment Performance vs. Prior Year | Segment | Net Sales | % Change | Organic % Change | Segment Profit | % Change | Organic % Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Americas** | $586.6M | 14.0% | 12.8% | $155.9M | 20.7% | 20.0% | | **International** | $262.0M | 17.9% | 12.3% | $59.8M | 14.6% | 1.3% | | **Total** | **$848.6M** | **15.2%** | **12.7%** | **$215.7M** | **18.9%** | **14.6%** | [Liquidity and Capital Resources](index=41&type=section&id=Liquidity%20and%20Capital%20Resources) Operating cash flow decreased due to working capital changes, while significant debt refinancing and share repurchases impacted financing activities, with **$392.3 million** available under the revolving credit facility - Operating cash flow decreased by **$57.2 million** year-over-year, primarily due to working capital changes, including a prior year VAT refund and current year inventory investment[250](index=250&type=chunk) - The company executed significant debt refinancing, including issuing a new **$550 million** Term Loan and repaying **$1,383.3 million** of existing debt, resulting in a **$5.7 million** loss on extinguishment of debt for the quarter[254](index=254&type=chunk)[226](index=226&type=chunk) - A new share repurchase program for up to **7.5 million** shares was approved in November 2020, with **500,000 shares** repurchased for **$21.3 million** during the quarter[261](index=261&type=chunk)[114](index=114&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=44&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exposed to market risks from currency, commodity, and interest rate changes, which are hedged using derivative instruments, and addresses the impact of Argentina's inflationary economy - The company hedges foreign currency risk, primarily for the Euro, British pound, Canadian dollar, and Australian dollar, using forward contracts, resulting in an unrealized pre-tax loss of **$10.2 million** as of December 31, 2020[269](index=269&type=chunk)[270](index=270&type=chunk) - To manage interest rate risk on its variable rate debt, the company entered into a new interest rate swap in December 2020, fixing the LIBOR component on **$550.0 million** of debt at **0.95%**[276](index=276&type=chunk) [Item 4. Controls and Procedures](index=46&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of December 31, 2020, with no material changes to internal control over financial reporting - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of December 31, 2020[279](index=279&type=chunk) [PART II — OTHER INFORMATION](index=47&type=section&id=PART%20II%20%E2%80%94%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=47&type=section&id=Item%201.%20Legal%20Proceedings) The company is subject to various legal proceedings, but management believes any resulting liability will not be material to its financial position or results - The company states that its liability from pending legal proceedings is not reasonably likely to be material to its financial position or results[282](index=282&type=chunk) [Item 1A. Risk Factors](index=47&type=section&id=Item%201A.%20Risk%20Factors) No material changes have occurred to the risk factors previously disclosed in the company's Annual Report on Form 10-K [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=47&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased **500,000 shares** for **$21.3 million** under a new authorization and acquired additional shares for tax withholding obligations during Q1 FY2021 Issuer Purchases of Equity Securities (Q1 FY2021) | Period | Total Shares Purchased | Average Price Paid | Shares Purchased Under Plan | Max Shares Remaining Under Plan | | :--- | :--- | :--- | :--- | :--- | | Oct 2020 | 135 | $40.24 | — | 1,822,655 | | Nov 2020 | 305,719 | $42.47 | 150,698 | 7,349,302 | | Dec 2020 | 349,302 | $42.91 | 349,302 | 7,000,000 | | **Total** | **655,156** | **$42.70** | **500,000** | **7,000,000** | [Item 6. Exhibits](index=47&type=section&id=Item%206.%20Exhibits) References the Exhibit Index, listing all agreements and documents filed as part of the Form 10-Q

+ Fiscal Q1 Earnings February 8, 2021 Forward-Looking Statements and Non-GAAP Financial Measures Energizer Holdings, Inc. (the "Company") and its management may make certain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as "anticipates," "targets," "expects," "hopes ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-K _______________________________ (Mark One) ☒ 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 10 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File No. 001-36837 ENERGIZER HOLDINGS, INC. (Exact n ...

Energizer Holdings, Inc. (NYSE:ENR) Q4 2020 Results Conference Call November 12, 2020 10:00 AM ET Company Participants Jackie Burwitz - VP, IR Alan Hoskins - CEO Mark LaVigne - President and COO Tim Gorman - CFO John Drabik - SVP, Corporate Controller Conference Call Participants Bill Chappel - Truist Securities Jason English - Goldman Sachs Lauren Lieberman - Barclays Kevin Grundy - Jefferies Andrea Teixeira - JPMorgan Rob Ottenstein - Evercore Faiza Alwy - Deutsche Bank Olivia Tong - Bank of America Carla ...

Financial Data and Key Metrics Changes - Adjusted earnings per share increased by 35% to $0.50, driven by organic sales growth and synergy capture [12][39] - Net sales increased by 1.7% to $658 million, with organic net sales up 3.4% [40] - Adjusted EBITDA rose by 6% to $135 million, reflecting strong execution and higher-than-expected battery demand [39] Business Line Data and Key Metrics Changes - Battery category value grew 28.4% globally and 37% in the U.S. during the peak of the pandemic, although trends have moderated since then [22][80] - Auto care category value grew 4.3% in the U.S. as consumers increased vehicle usage and engaged in DIY activities [29][90] - Organic net sales in the Americas grew by 7%, while the international segment declined by 6% due to pandemic-related impacts [41] Market Data and Key Metrics Changes - The U.S. market showed elevated battery usage as consumers spent more time at home, while international markets faced declines due to stricter lockdowns [23][115] - The average unit prices increased, and promotions declined as retailers focused on operational continuity during the pandemic [25] Company Strategy and Development Direction - The company aims to achieve over $100 million in synergies by the end of 2021 and is focused on expanding its auto care business internationally [13][36] - Long-term strategies remain intact, with a focus on resilient categories and adapting to changing consumer needs [15][54] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the uncertain environment created by the pandemic, emphasizing the importance of health and safety [8][53] - The company expects fiscal 2020 to be its fifth consecutive year of organic growth, with net sales growth projected between 9% to 10% [14][48] Other Important Information - The company generated strong adjusted free cash flow of $136 million in the quarter, totaling approximately $244 million year-to-date [44] - Incremental COVID-19 related costs were approximately $0.19 per share, impacting overall financial performance [39][50] Q&A Session Summary Question: Concerns about fourth-quarter guidance and foreign exchange headwinds - Management acknowledged the impact of foreign exchange and indicated potential pricing adjustments could be made [55][58] Question: Discussion on liquidity and interest expenses - Management stated that the decision to increase liquidity was made due to uncertainty, and they will evaluate the need for it at the end of the calendar year [59][60] Question: Insights on consumer behavior and pantry loading - Management indicated that they do not foresee significant pantry loading, as demand for batteries remains strong due to increased usage [78][80] Question: Impact of COVID-19 costs on long-term EBITDA targets - Management remains on track to achieve long-term financial objectives, with temporary COVID-19 costs expected to diminish over time [75][76] Question: Commentary on market share and competitive dynamics - Management noted that they expect to see share gains as they lap previous losses and leverage new distribution opportunities [70][72]

+ Fiscal Q3 2020 Earnings August 5, 2020 Holdings, Inc Forward-Looking Statements and Non-GAAP Financial Measures Energizer Holdings, Inc. (the "Company") and its management may make certain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as "anticipates," "targets," ...