Spectrum Brands Fiscal 2023 Second Quarter Earnings Call 2 Agenda • CEO Overview and Outlook – David Maura Chairman and Chief Executive Officer • Financial & Business Review – Jeremy Smeltser Chief Financial Officer Forward-looking Statements 3 Since these forward-looking statements are based upon our current expectations of future events and projections and are subject to a number of risks and uncertainties, many of which are beyond our control and some of which may change rapidly, actual results or outcom ...

Financial Data and Key Metrics Changes - The company reported a total sales decline of 5.8%, with organic sales decreasing by 9.5% excluding foreign exchange and acquisitions [74][82] - Adjusted EBITDA decreased to $39.8 million, driven by lower volume and unfavorable foreign exchange impacts, offset by favorable pricing and fixed cost reductions [142] - The gross margin was reported at 28.3%, a decline of 70 basis points from the previous year due to reduced sales and the sale of higher-cost inventory [83] Business Line Data and Key Metrics Changes - The Home & Garden segment saw net sales decrease by 5.2%, primarily due to lower early inventory investments from retailers [109] - The Global Pet Care segment reported a net sales decrease of 8.2%, with organic sales down 3.6% driven by customer inventory management [92] - The Home & Personal Care segment experienced a decline in sales, particularly in kitchen appliances, due to aggressive competitor pricing and retailer inventory reductions [88] Market Data and Key Metrics Changes - Retail partners are focused on inventory reductions, leading to lower replenishment orders and impacting sales across various categories [72][91] - The EMEA region sales declined, primarily due to unfavorable foreign exchange and the impact of the Russia-Ukraine war on consumer spending [90] - The U.S. market faced challenges with disappointing holiday performance in both Personal Care and Kitchen Appliance categories [89] Company Strategy and Development Direction - The company aims to transform into a pure play Global Pet Care and Home & Garden business, focusing on higher growth and margins [71][97] - There is a commitment to closing the HHI sale, which is expected to provide $4.3 billion in cash, allowing for significant debt reduction [79][140] - The company is prioritizing cash generation and inventory reduction to strengthen its balance sheet amid a challenging macroeconomic environment [70][78] Management's Comments on Operating Environment and Future Outlook - Management expects continued challenges in consumer demand and inventory actions from customers, with a focus on cost reductions and price increases to offset pressures [69][70] - The company anticipates a profitability inflection point starting in March, with expectations for improved margins in the third fiscal quarter [68][71] - There is cautious optimism regarding the second half of the fiscal year, with expectations for flat net sales and low double-digit EBITDA growth [95][141] Other Important Information - The company has reduced its inventory by $170 million over the past six months, reflecting a shift in operational priorities towards maximizing cash [70][120] - Freight costs have increased by $80 million compared to pre-pandemic levels, but there is hope for relief as new inventory with lower freight costs begins to flow through [117] - The company is committed to maintaining a leaner organizational structure and has executed further fixed cost reductions [141][122] Q&A Session Summary Question: Clarification on EBITDA phasing and expectations for Q2 - Management acknowledged that Q2 is expected to be challenging year-over-year, with a decline anticipated in HPC and Home & Garden segments [5][6] Question: Impact of macroeconomic conditions on capital allocation - Management emphasized the priority of debt reduction and the potential for share buybacks over M&A in the current volatile environment [14][16] Question: Categories with heavy retail inventory and destocking - Management identified durable goods, particularly kitchen appliances and certain pet products, as having high inventory levels that may take longer to work through [29][30] Question: Expectations for freight costs and their impact on P&L - Management indicated that while freight costs have decreased, they remain higher than pre-pandemic levels, impacting EBITDA [24][117] Question: Company-specific variables to grow revenue and margin - Management highlighted inventory reduction and cost structure optimization as key levers for improving revenue and margins [120][121]

FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 1, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to______ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission File No. Name of Registrant, State of Incorporation, Address of Principal Offices, and Telephone No. IRS Employer Identific ...

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 September 30, 2022 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 No. Name of Registrant, State of Incorporation, Address of Principal Offices, and Telephone No. IRS Employer Iden ...

Spectrum Brands Fiscal 2022 Fourth Quarter and Full Year Earnings Call November 18, 2022 2 Agenda • Introduction – Faisal Qadir VP, Strategic Finance & Enterprise Reporting • CEO Overview and Outlook – David Maura Chairman and Chief Executive Officer • Financial & Business Review – Jeremy Smeltser Chief Financial Officer • Q&A – David Maura and Jeremy Smeltser Forward-looking Statements 3 We have made or implied certain forward-looking statements in this document. All statements, other than statements of hi ...

Spectrum Brands Holdings, Inc. (NYSE:SPB) Q4 2022 Earnings Conference Call November 18, 2022 9:00 AM ET Company Participants Faisal Qadir - VP, Strategic Finance & Enterprise Reporting David Maura - Executive Chairman & CEO Jeremy Smeltser - EVP & CFO Conference Call Participants Bob Labick - CJS Securities Christopher Carey - Wells Fargo Securities Ian Zaffino - Oppenheimer Peter Grom - UBS Operator Good day, and welcome to the Q4 and Full-Year 2022 Spectrum Brands Holdings’ Earnings Conference Call. I wou ...

Spectrum Brands Holdings, Inc. (NYSE:SPB) Q3 2022 Earnings Conference Call August 12, 2022 9:00 AM ET Company Participants Randal Lewis - EVP & COO Faisal Qadir - VP, Strategic Finance and Enterprise Reporting David Maura - Executive Chairman & CEO Jeremy Smeltser - EVP & CFO Conference Call Participants Olivia Cheang - Raymond James & Associates Ian Zaffino - Oppenheimer Peter Grom - UBS Christopher Carey - Wells Fargo Securities William Reuter - Bank of America Merrill Lynch Robert Labick - CJS Securities ...

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 July 3, 2022 | Spectrum Brands Holdings, Inc. | Yes | ☒ | No | ☐ | | --- | --- | --- | --- | --- | | SB/RH Holdings, LLC | Yes | ☒ | No | ☐ | Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting compan ...

Spectrum Brands Fiscal 2022 Second Quarter Earnings Call May 6, 2022 | --- | --- | --- | |--------|------------------------------|-----------------------------------------| | | | | | | | | | | • | | | | Introduction | Jeremy Smeltser Chief Financial Officer | | | • CEO Overview and Outlook | David Maura | | | | Chairman and Chief Executive Officer | | | • Financial Review | Jeremy Smeltser | | Agenda | | Chief Financial Officer | | | • Business Review | Randy Lewis | | | | Chief Operating Officer | | | • CE ...

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 April 3, 2022 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 No. | Name of Registrant, State of Incorporation, Address of Principal Offices, and Telephone No. | IRS Employer Ident ...