Edgewell Personal Care Company (NYSE:EPC) Q1 2021 Results Earnings Conference Call February 9, 2021 8:00 AM ET Company Participants Chris Gough - Vice President, Investor Relations, Corporate Development & Treasury Rod Little - President and Chief Executive Officer Dan Sullivan - Chief Financial Officer Conference Call Participants Nik Modi - RBC Capital Markets Jason English - Goldman Sachs Bill Chappell - Truist Securities Chris Carey - Wells Fargo Securities Jonathan Feeney - Consumer Edge Kevin Grundy - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number: 001-15401 _________________________________ ...

• PAGE 1 Morgan Stanley Global Consumer & Retail Virtual Conference December 2, 2020 Forward-looking statements BOS 20201120 EPC investor da ... 1-6 v3 Unless the context otherwise requires, references in this presentation to "Edgewell," "we," "our," and "the Company" refer to Edgewell Personal Care Company, a Missouri corporation, and its consolidated subsidiaries. Forward-looking statements are not based on historical facts but instead reflect the Company's expectations, estimates or projections concernin ...

Edgewell Personal Care Company (NYSE:EPC) Q4 2020 Results Earnings Conference Call November 12, 2020 8:00 AM ET Company Participants Chris Gough - Vice President, Investor Relations, Corporate Development & Treasury Rod Little - President and Chief Executive Officer Dan Sullivan - Chief Financial Officer Conference Call Participants Bill Chappell - Truist Securities Jason English - Goldman Sachs Olivia Tong - Bank of America Nik Modi - RBC Capital Markets Jonathan Feeney - Consumer Edge Faiza Alwy - Deutsch ...

Financial Data and Key Metrics Changes - Organic net sales decreased by 14.7% in Q3 2020, with significant declines across all categories due to COVID-19 impacts [17][48] - Gross margin rate decreased by 200 basis points year-over-year to 46%, affected by COVID-related costs and unfavorable category mix [62] - Adjusted operating income decreased by $36.4 million, reflecting the challenges faced during the quarter [46] Business Line Data and Key Metrics Changes - Wet Shave organic net sales decreased by 14%, with North America down 16% and international markets down 13% [50] - Sun and Skin Care organic sales decreased nearly 19%, with Sun Care experiencing a 30% decline in organic net sales [55] - Wet Ones saw a strong organic sales growth of 52% year-over-year, driven by heightened hygiene demand [58] Market Data and Key Metrics Changes - In the U.S., the overall Sun category declined about 18%, but Edgewell's consumption was down only 5%, leading to a 370 basis point market share gain [56] - Market share in razors and blades declined by 190 basis points, but Hydro Men's gained 40 basis points excluding lost distribution [51][52] - E-commerce business grew organically by 76%, with Amazon contributing significantly to this growth [61] Company Strategy and Development Direction - The company announced its intent to acquire CREMO, aiming to expand its presence in the fast-growing U.S. men's grooming category [33][71] - The Sustainable Care 2030 strategy was unveiled, establishing 10 ambitions for the next decade to create a sustainable future [28] - Focus remains on managing the business in a disciplined manner while investing in long-term growth opportunities [23][75] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism that the worst impacts of COVID-19 may be behind, with sequential improvement noted in sales trends [43][44] - The company is closely monitoring uncertainties and volatility in the market, particularly in relation to COVID-19 [22][23] - Management emphasized the importance of maintaining a strong liquidity position and disciplined capital allocation [68][70] Other Important Information - The company generated over $100 million in operating cash flow during the COVID-impacted fiscal third quarter [26] - Project Fuel generated $23 million in gross savings, reflecting ongoing efforts to create efficiencies [24][69] - The management team has been reshaped, with new appointments aimed at enhancing capabilities in key areas [29] Q&A Session Summary Question: How does CREMO fit into the Wet Shave strategy? - Management indicated that CREMO is a key piece to enhance exposure in the fastest-growing part of the grooming segment, with confidence in the overall grooming market returning to normal [90][92] Question: What is the outlook for Sun Care and inventory management? - Management expressed confidence in inventory position and does not anticipate heightened returns or accruals, with a positive outlook for the upcoming season [93][95] Question: Why is there no formal guidance for the remainder of the year? - The decision not to reinstate guidance was due to uncertainties surrounding COVID-19, despite seeing sequentially improving top-line trends [100][102] Question: Can you provide details on the CREMO acquisition and its financials? - Management highlighted CREMO's attractive growth rate and profitability, with significant opportunities for distribution and geographic expansion [108][109]

INVESTOR PRESENTATION MAY 2020 Forward-Looking Statements. This document contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on these statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of Edgewell Personal Care Company ("the Company"). Forward-looking statements generally can be i ...

Financial Data and Key Metrics Changes - The company reported GAAP diluted net earnings per share of $0.36 compared to $0.89 in the second quarter of fiscal 2019, while adjusted earnings per share were $0.92 compared to $1.13 in the prior year period [47] - Organic net sales in the quarter increased by 2.4%, with underlying organic sales performance being flat when adjusting for COVID-19 impacts [36][34] - Gross margin increased by 60 basis points year-over-year to 46.5%, with underlying gross margins increasing by 50 basis points [43] Business Line Data and Key Metrics Changes - Wet Shave organic net sales declined by 3.5%, driven by volume declines in men's systems and unfavorable price/mix in disposables, partially offset by growth in women's systems [38] - Feminine Care organic sales increased nearly 14%, largely driven by stock-up related to COVID-19, while excluding those increases, sales were down about 1% [42] - Sun and Skin Care organic sales increased almost 9%, driven by strong demand for Wet Ones, which was up $11 million or 80% over the prior year period [40] Market Data and Key Metrics Changes - North American organic net sales grew by 5%, driven by strong performance in Wet Ones, feminine care, and men's grooming [36] - International organic net sales declined by 2% in the quarter, largely due to COVID-19-related headwinds across broader Asian markets, but were up 1% on an underlying basis [37] - E-commerce sales grew by 63% in the quarter, reaching about 6% of total net sales, with growth on the Amazon platform of 80% [37] Company Strategy and Development Direction - The company is focused on innovating and building brands that consumers love, with significant steps taken to become more consumer-centric in the development of its innovation pipeline [19] - Strategic partnerships with key retailers are being built to win at the shelf, emphasizing strong collaboration and partnership [21] - The company is maintaining a strong balance sheet and deploying healthy free cash flow in a balanced and disciplined manner [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in exiting the pandemic in a stronger position due to structural changes in consumer behavior favoring personal hygiene products [72] - The company has suspended forward-looking guidance due to the lack of visibility and continued uncertainty regarding consumer demand and supply chain impacts [52] - Management noted that while there are near-term challenges, the underlying fundamentals of the business continue to strengthen [35] Other Important Information - The company has successfully refinanced its $425 million revolver, securing additional liquidity for the business [51] - The company is taking steps to reduce costs while supporting strategic priorities, with a focus on digital advertising and brand activation [59] - The company has implemented enhanced safety protocols in its facilities to protect employees during the COVID-19 pandemic [12] Q&A Session Summary Question: Can you provide an update on overall corporate sales trends in April? - Management noted that April was a negative month due to lockdowns, but trends have improved as they exited April, with some categories showing year-over-year growth [66] Question: Can you discuss capacity constraints and ability to supply Wet Ones? - Management acknowledged current capacity constraints but indicated that additional capacity would come online in the summer, with investments being made to secure this [69] Question: How is the company positioned to exit the pandemic? - Management expressed confidence in exiting the pandemic stronger, citing structural changes in consumer behavior and improved fundamentals [72] Question: What is the status of brand rearchitecture work? - Management stated that significant progress has been made in architecting the brand portfolio to better target consumer segments, with improvements expected in 2021 [74] Question: Can you clarify the growth in Private Label sales? - Management indicated that Private Label sales were up high single digits, primarily in unmeasured channels, and they expect to maintain or grow share moving forward [78][81]

Edgewell Personal Care Company (NYSE:EPC) Q1 2020 Earnings Conference Call February 10, 2020 8:00 AM ET Company Participants Chris Gough - Vice President, Investor Relations Rod Little - President and Chief Executive Officer Daniel Sullivan - Chief Financial Officer Conference Call Participants Jason English - Goldman Sachs Ali Dibadj - Bernstein Research Nik Modi - RBC Capital Markets William Chappell - SunTrust Robinson Humphrey Steven Strycula - UBS Faiza Alwy - Deutsche Bank Olivia Tong - Bank of Americ ...

MORGAN STANLEY GLOBAL CONSUMER & RETAIL CONFERENCE DECEMBER 3, 2019 This presentation and some of our comments contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of Edgewell Personal Care Company ("Edgewell", "we" or "the Company") or any of our businesses. These statements are ...

Financial Data and Key Metrics Changes - The company reported a net sales decrease of 4.2% for the full fiscal year, with a 3.4% decline on an organic basis [38] - GAAP diluted net earnings per share were $0.75 compared to $0.36 per share in the fourth quarter of fiscal 2018, while adjusted earnings per share were $0.86 compared to $1.11 in the prior year period [38][46] - Free cash flow for the fourth quarter was $74 million, up almost 23% versus the same quarter of last year [27] Business Line Data and Key Metrics Changes - Grooming and Sun and Skin Care segments saw higher volumes, but were offset by unfavorable price mix in Wet Shave, leading to a 1.7% decrease in net sales for the quarter [28] - International organic net sales grew 4.8% in the quarter, driven by Wet Shave and Sun and Skin Care [28] - Organic sales in North America decreased 5.1%, with Wet Shave stabilizing at a 1.7% decrease [29] Market Data and Key Metrics Changes - The U.S. razors and blades category decreased about 3% in the latest 12-week data, with the company's market share at 25.3%, down 40 basis points year-over-year [32][33] - In the Sun Care category, 12-week consumption increased 8.5%, but the company's share declined by approximately 110 basis points [34] Company Strategy and Development Direction - The company is focused on brand equity building and not on price competition, aiming for sustainable growth through investments in key brands and markets [62] - The pending combination with Harry's is seen as a transformative opportunity, expected to enhance capabilities and market position [16][18] - The company plans to increase advertising and promotional spending in 2020 to support brand growth [65] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stabilization of the business and improving trends in the second half of the fiscal year [10][39] - The outlook for 2020 includes flat to slightly down organic sales results, with expectations for gross margin stabilization and increased investments in growth initiatives [52][55] - Management acknowledged ongoing inflationary pressures but expects Project Fuel savings to help offset some costs [49][90] Other Important Information - The company generated $122 million in gross savings from Project Fuel, which will be reinvested in key brands and growth initiatives [11][49] - The company plans to divest its Infant and Pet Care businesses, with the sale of the Infant Care business expected to close for $122.5 million [15][16] Q&A Session Summary Question: Stability in Men's Grooming Category - Management noted that the Men's and Women's grooming categories have stabilized compared to a year ago, with the market showing slight growth [59] Question: Investment Risks - Management emphasized that the focus will be on brand equity building rather than price competition, aiming for long-term benefits from increased investments [62] Question: Fem Care Improvement - Management remains confident in improving trends for Fem Care, despite some inventory and promotional challenges in Q4 [63] Question: A&P Spending - Management indicated that the increase in A&P spending is a strategic move to support brand building, with visibility on returns expected to improve [65] Question: Long-term Targets - Management confirmed that they stand by their long-term targets, with adjustments to be made post-closing of the Infant and Pet Care divestiture [68] Question: Sun and Skin Care Profitability - Management expressed optimism about growth in the Sun and Skin Care segments, particularly in Men's Skin Care, and highlighted ongoing innovation efforts [97]