Scotts Miracle-Gro (SMG) FY Earnings Call Presentation

Financial Performance & Strategic Focus - ScottsMiracle-Gro's FY24 net sales reached $3.6 billion, with approximately 85% originating from the U.S[6] - The company's FY24 adjusted EBITDA was $510.1 million, and free cash flow was $583.5 million[6] - ScottsMiracle-Gro reaffirms FY25 adjusted EBITDA guidance of $570 million to $590 million, representing a ~12% to ~16% year-over-year increase[53] - The company expects FY25 adjusted EPS to be at least $3.50, an +89% increase[55] - ScottsMiracle-Gro is targeting a leverage ratio in the low 4's by the end of FY25 and below 3.5x by the end of FY27[59, 67] Industry Position & Capabilities - The Consumer DIY Lawn & Garden industry is estimated to be ~$11 billion in 2024[21] - ScottsMiracle-Gro's U.S Consumer net sales have grown at an average of ~5% CAGR since FY17[46, 47] - Approximately ~15% of ScottsMiracle-Gro's annual sales are generated from innovation launched in the trailing 3 years[32] - The company's supply chain team is expected to deliver $75 million of cost savings in FY25, with another $75 million targeted for FY26 & FY27[36]