Q4 & Full Year 2020 Supplemental Information 1 Q4 & Full Year 2020 Supplemental Information Newell Brands Quarterly Earnings Forward Looking Statements Some of the statements in this presentation and its exhibits, particularly those anticipating future financial performance, business prospects, growth, operating strategies, the impact of the COVID-19 pandemic and similar matters, are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements ...

PART I. FINANCIAL INFORMATION [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) The company reported net sales of $2.7 billion for Q3 2020, a 5.1% increase year-over-year, and a net income of $304 million, a significant turnaround from a net loss of $626 million in Q3 2019. For the nine months ended September 30, 2020, net sales decreased 5.6% to $6.7 billion, and the net loss widened to $897 million, primarily due to a $1.5 billion impairment charge related to the COVID-19 pandemic's impact. The balance sheet shows total assets decreased to $14.7 billion from $15.6 billion at year-end 2019, while cash and cash equivalents more than doubled to $858 million. Operating cash flow for the nine-month period significantly improved to $820 million from $424 million in the prior year Condensed Consolidated Statements of Operations Q3 and Nine Months 2020 vs 2019 Operating Results (in millions) | Metric | Q3 2020 | Q3 2019 | YoY Change | Nine Months 2020 | Nine Months 2019 | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | $2,699 | $2,569 | +5.1% | $6,696 | $7,091 | -5.6% | | **Gross Profit** | $914 | $847 | +7.9% | $2,195 | $2,367 | -7.3% | | **Operating Income (Loss)** | $363 | $(857) | N/A | $(882) | $(614) | -43.6% | | **Net Income (Loss)** | $304 | $(626) | N/A | $(897) | $(687) | -30.6% | | **Diluted EPS from Continuing Ops** | $0.71 | $(1.51) | N/A | $(2.12) | $(1.40) | -51.4% | Condensed Consolidated Balance Sheets Balance Sheet Summary (in millions) | Account | Sep 30, 2020 | Dec 31, 2019 | | :--- | :--- | :--- | | Cash and cash equivalents | $858 | $349 | | Total current assets | $4,704 | $4,110 | | Goodwill | $3,523 | $3,709 | | Other intangible assets, net | $3,567 | $4,916 | | **Total Assets** | **$14,720** | **$15,642** | | Total current liabilities | $3,108 | $2,978 | | Long-term debt | $5,794 | $5,391 | | **Total Liabilities** | **$10,970** | **$10,646** | | **Total Stockholders' Equity** | **$3,750** | **$4,996** | Condensed Consolidated Statements of Cash Flows Cash Flow Summary for Nine Months Ended Sep 30 (in millions) | Cash Flow Activity | 2020 | 2019 | | :--- | :--- | :--- | | Net cash provided by operating activities | $820 | $424 | | Net cash provided by (used in) investing activities | $(138) | $581 | | Net cash used in financing activities | $(174) | $(1,024) | | **Increase (decrease) in cash** | **$494** | **$(30)** | Notes to Condensed Consolidated Financial Statements - Due to the COVID-19 pandemic, the company concluded a triggering event occurred in Q1 2020, leading to impairment tests for goodwill and intangible assets. This resulted in an aggregate non-cash impairment charge of approximately **$1.5 billion** in Q1 2020[17](index=17&type=chunk) - The company initiated a new restructuring program in Q2 2020 in response to the COVID-19 pandemic, designed to reduce overhead costs. The estimated aggregate charges are **$20 million** to **$25 million**[42](index=42&type=chunk) - In May 2020, the company issued **$500 million** of **4.875%** senior notes due 2025. Debt rating downgrades by S&P and Moody's resulted in a **50 basis point** interest rate increase on approximately **$4.5 billion** of existing senior notes[70](index=70&type=chunk)[72](index=72&type=chunk) - The company received a subpoena from the SEC on January 31, 2020, relating to its sales practices and certain accounting matters from January 1, 2016, onwards[126](index=126&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=42&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's turnaround strategy and the significant impact of the COVID-19 pandemic, which caused disruptions but also led to a 5.1% net sales increase in Q3 2020 as demand shifted. For the first nine months, sales were down 5.6%. The report details segment performance, highlighting strong Q3 growth in Appliances & Cookware, Commercial Solutions, Home Solutions, and Outdoor & Recreation, while Learning & Development declined due to delayed school openings. The company took actions to improve liquidity, including issuing $500 million in new debt and managing working capital, resulting in a significant increase in operating cash flow. Management also addresses the impact of tariffs, a dispute with the U.S. Treasury over tax regulations, and critical accounting estimates related to goodwill and intangible asset impairments Recent Developments - The COVID-19 pandemic caused significant business disruptions, including temporary facility closures and shifts in consumer demand. However, the company saw positive momentum in Q3 2020 with **5%** year-over-year sales growth[158](index=158&type=chunk)[159](index=159&type=chunk)[163](index=163&type=chunk) - The company estimates the gross impact of U.S. tariffs on Chinese goods to be approximately **$80 million** in 2020, primarily affecting the Appliances and Cookware, Commercial Solutions, and Outdoor and Recreation segments[167](index=167&type=chunk) - The company is challenging U.S. Treasury regulations related to the 2017 Tax Reform. If its position is not sustained, it could face an additional income tax expense of approximately **$180 million** to **$220 million** related to a 2018 tax benefit[168](index=168&type=chunk) Results of Operations Q3 2020 vs Q3 2019 Consolidated Operating Results (in millions) | Metric | Q3 2020 | Q3 2019 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Net sales | $2,699 | $2,569 | $130 | 5.1% | | Gross profit | $914 | $847 | $67 | 7.9% | | Operating income (loss) | $363 | $(857) | $1,220 | NM | - The significant improvement in Q3 2020 operating income was primarily due to the absence of the **$1.07 billion** impairment charge recorded in Q3 2019[173](index=173&type=chunk) Nine Months 2020 vs 2019 Consolidated Operating Results (in millions) | Metric | 9M 2020 | 9M 2019 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Net sales | $6,696 | $7,091 | $(395) | (5.6)% | | Gross profit | $2,195 | $2,367 | $(172) | (7.3)% | | Operating loss | $(882) | $(614) | $(268) | (43.6)% | - The increased operating loss for the first nine months of 2020 was driven by non-cash impairment charges of **$1.5 billion**, compared to **$1.1 billion** in the same period of 2019[195](index=195&type=chunk) Business Segment Operating Results Q3 2020 Net Sales Growth by Segment | Segment | Q3 2020 Net Sales (M) | YoY Change | | :--- | :--- | :--- | | Appliances and Cookware | $479 | +11.4% | | Commercial Solutions | $535 | +12.6% | | Home Solutions | $574 | +18.6% | | Learning and Development | $728 | -11.7% | | Outdoor and Recreation | $383 | +7.6% | - The Learning and Development segment's sales decline was primarily due to the impact of delayed and limited re-opening of schools and offices as a result of the COVID-19 pandemic[188](index=188&type=chunk) Liquidity and Capital Resources - The company strengthened its financial position by issuing **$500 million** in senior notes, enhancing working capital management, and prioritizing expenditures. As of September 30, 2020, cash and cash equivalents were **$858 million**[213](index=213&type=chunk)[214](index=214&type=chunk)[225](index=225&type=chunk) Cash Flow Comparison for Nine Months Ended Sep 30 (in millions) | Cash Flow Activity | 2020 | 2019 | | :--- | :--- | :--- | | Cash provided by operating activities | $820 | $424 | | Cash provided by (used in) investing activities | $(138) | $581 | | Cash used in financing activities | $(174) | $(1,024) | - Debt rating downgrades by S&P and Moody's eliminated the company's ability to borrow from the commercial paper market on favorable terms, though its ability to borrow under its **$1.25 billion** Credit Revolver was not affected[216](index=216&type=chunk)[226](index=226&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=65&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company states that there have been no material changes to the market risk information previously disclosed in its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 - There were no material changes in the company's market risk exposures from what was reported in the 2019 Annual Report on Form 10-K[252](index=252&type=chunk) [Controls and Procedures](index=65&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were not effective as of September 30, 2020. This is due to a continuing material weakness in internal control over financial reporting related to the accounting for certain aspects of income taxes, specifically state income tax and uncertain tax positions. A remediation plan is underway, including implementing new software, enhancing processes, and hiring experienced personnel - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were not effective as of September 30, 2020[254](index=254&type=chunk) - A material weakness in internal control over financial reporting persists, related to the accounting for certain aspects of income taxes, including state income tax and uncertain tax positions[257](index=257&type=chunk) - Management has implemented a remediation plan which includes new tax reporting software, enhanced processes, hiring experienced resources, and extensive training[258](index=258&type=chunk)[260](index=260&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=68&type=section&id=Item%201.%20Legal%20Proceedings) This section incorporates by reference the information on legal proceedings detailed in Footnote 18 of the financial statements. Key matters include an SEC subpoena regarding sales and accounting practices, shareholder derivative lawsuits, and a securities class action lawsuit - This item refers to the legal proceedings detailed in Footnote 18 of the financial statements[261](index=261&type=chunk) [Risk Factors](index=68&type=section&id=Item%201A.%20Risk%20Factors) The company highlights significant risks, with a primary focus on the ongoing COVID-19 pandemic. Key risks include potential reductions or volatility in product demand, disruptions to manufacturing and supply chains, and the failure of third-party partners. The company also notes that if it cannot resume normal operations, it may be unable to maintain compliance with financial covenants in its debt facilities, which could lead to default - The company's business is subject to significant risks from the COVID-19 pandemic, including demand volatility, supply chain disruptions, and failure of third-party suppliers and partners[263](index=263&type=chunk)[264](index=264&type=chunk) - A key risk is the potential inability to maintain compliance with financial covenants in debt facilities if COVID-19-related disruptions prevent a return to normal operations, which could lead to default and acceleration of debt[265](index=265&type=chunk)[267](index=267&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=70&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the third quarter of 2020, the company purchased 32,200 shares of its own stock at an average price of $15.86 per share. These purchases were made solely to satisfy employees' tax withholding obligations related to the vesting of restricted stock units. The company's share repurchase program expired on December 31, 2019, and was not extended - The company purchased **32,200** shares during Q3 2020 to satisfy employee tax withholding obligations on vested stock awards[268](index=268&type=chunk)[269](index=269&type=chunk) - The company's share repurchase program expired on December 31, 2019 and has not been renewed[268](index=268&type=chunk) [Exhibits](index=71&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including certifications by the CEO and CFO as required by the Sarbanes-Oxley Act of 2002 and XBRL data files - Lists exhibits filed with the report, including CEO/CFO certifications and XBRL data[270](index=270&type=chunk)

Financial Data and Key Metrics Changes - In Q3 2020, net sales increased by 5.1% year-over-year to $2.7 billion, with core sales growing by 7.2% [62] - Normalized operating margin improved by over 200 basis points to 14.9%, driven largely by overhead cost savings [63] - Year-to-date cash flow from operations reached $820 million, almost doubling compared to the previous year [68] Business Line Data and Key Metrics Changes - Core sales for the Appliance & Cookware segment grew by 17%, reflecting strong consumption across all regions [64] - The Food business continued its momentum with core sales growth and market share gains across major brands [66] - The Learning and Development segment experienced a decline in core sales by 9.5%, primarily due to challenges in the writing business [67] Market Data and Key Metrics Changes - Online sales maintained a strong double-digit growth trajectory, with e-commerce penetration as a percentage of net sales increasing to 21% from 16% year-over-year [21] - The U.S. market saw strong consumption growth across the majority of the portfolio, particularly in food and home fragrance categories [16] - International businesses accelerated sharply, especially in Latin America, contributing to overall growth [17] Company Strategy and Development Direction - The company is focused on driving consistent top-line growth, investing in consumer-relevant innovation, and enhancing e-commerce capabilities [46][47] - Efforts are being made to reduce complexity and optimize the supply chain, including a significant reduction in SKUs [55][48] - The company aims to build a strong omnichannel presence to create consistent brand experiences for consumers [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about sustaining consumer demand trends driven by at-home behavior and increased focus on sanitization [89] - The company anticipates some choppiness in sales growth due to varying demand across categories and the ongoing pandemic [46] - There is confidence in the long-term growth potential, with plans to continue improving cash flow and operational efficiency [49][51] Other Important Information - The company has successfully reduced excess and obsolete inventory, improving the quality of its inventory [56] - A significant improvement in the net debt to normalized EBITDA leverage ratio was achieved, ending Q3 at 3.9x compared to 4.6x at the end of Q2 [72] - The company is reinstituting guidance for Q4, expecting flat to low single-digit core sales growth [73] Q&A Session Summary Question: How is the company thinking about holiday consumption and potential demand pull-forward? - Management noted that holiday demand may start earlier this year, with strong consumption trends observed in October [84][86] Question: Why is there an expectation for deceleration in sales growth? - Management explained that Q3 benefited from factors unlikely to repeat in Q4, including SAP implementation and Prime Day shifts [97][99] Question: What is the outlook for the Learning category moving into Q4? - Management expects the Learning category to remain challenged in Q4, with a focus on managing retail inventories [116][120] Question: What insights were gained from Amazon Prime Day regarding demand? - The company experienced double-digit growth during Prime Day and continued strong consumption trends post-event [114][115] Question: What is the expected normalized tax rate for next year? - The normalized tax rate is projected to be around 20%, excluding discrete tax items [128]

1 Q3 2020 Supplemental Information Forward Looking Statements Some of the statements in this presentation and its exhibits, and the accompanying remarks, particularly those anticipating future financial performance, business prospects, growth, operating strategies, the impact of the COVID-19 pandemic and similar matters, are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements generally can be identified by the use of words or phrases, ...

Barclays Global Consumer Staples Conference Ravi Saligram – President and Chief Executive Officer Chris Peterson – Chief Financial Officer and President, Business Operations Barclays 2020 Forward Looking Statements Some of the statements in this presentation and its exhibits, particularly those anticipating future financial performance, business prospects, growth, operating strategies, the impact of the COVID-19 pandemic and similar matters, are forward-looking statements within the meaning of the U.S. Priv ...

Table of Contents 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 June 30, 2020 Commission File Number 1-9608 NEWELL BRANDS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 36-3514169 (I.R.S. Employer Identification No.) 6655 Peachtree Dunwoody Road, Atlanta, Georgia 30328 ...

Newell Brands, Inc. (NASDAQ:NWL) Q2 2020 Earnings Conference Call July 31, 2020 11:00 AM ET Company Participants Nancy O'Donnell - Senior Vice President, Investor Relations Ravi Saligram - President & Chief Executive Officer Chris Peterson - Chief Financial Officer & President, Business Operations Conference Call Participants Wendy Nicholson - Citi Lauren Lieberman - Barclays Nik Modi - RBC Capital Markets Steve Powers - Deutsche Bank Bill Chappell - SunTrust Olivia Tong - Bank of America Joe Altobello - Ra ...

Table of Contents 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 March 31, 2020 Commission File Number 1-9608 NEWELL BRANDS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 36-3514169 (I.R.S. Employer Identification No.) 6655 Peachtree Dunwoody Road, Atlanta, Georgia 30328 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________ FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED COMMISSION FILE NUMBER December 31, 2019 1-9608 NEWELL BRANDS INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) ___________________ (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 6655 Peachtree Dunwoody Road, 30328 Atl ...

Table of Contents 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 September 30, 2019 Commission File Number 1-9608 NEWELL BRANDS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 36-3514169 (I.R.S. Employer Identification No.) 6655 Peachtree Dunwoody Road, Atlanta, Georgia 3 ...