Newell Brands Inc. · NASDAQ:NWL
Newell Brands — Q4 2014 Earnings Presentation
20 slides from Newell Brands's earnings presentation, Jan 30, 2015
Slide 1: Q4 2014 Earnings Call Presentation
Q4 2014 Earnings Call Presentation January 30, 2015
Slide 2: Forward-looking Statements
Forward-looking Statements Statements in this presentation that are not historical in nature constitute forward-looking statements. These forward-looking statements relate to information or assumptions about the effects of sales, income/(loss), earnings per share, operating income, operating margin
Slide 3: Q4 2014 Summary
Q4 2014 Summary Net sales of $1.53 billion compared with $1.47 billion in the prior year Core sales grew 3.3%; Net sales grew 4.1%, which includes 320 bps of negative foreign currency impact and a 400 basis point positive contribution from acquisitions Normalized gross margin increased 70 bps
Slide 4: FY 2014 Summary
FY 2014 Summary Core sales grew 3.0%, despite over 40 basis points of product line and country exits in EMEA Win Bigger businesses of Writing, Commercial Products, and Tools grew core sales 7.3 percent Net sales of $5.73 billion increased 2.1% versus prior year, which includes 210 bps of negat
Slide 5: Q4 2014: Core Sales Growth by Segment
Q4 2014: Core Sales Growth by Segment Net Sales Currency Acquisitions Core Sales % % % % Writing -- (5.7)% -- 5.7% Home Solutions 10.8% (0.8) 13.4% (1.8) Tools 3.0 (4.5) -- 7.5 Commercial Products 5.0 (1.7) -- 6.7 Baby & Parenting (0.2) (3.0) 2.1 0.7 Total Company 4.1% (3.2)% 4.1% 3.3% 5
Slide 6: FY 2014: Core Sales Growth by Segment
FY 2014: Core Sales Growth by Segment Net Sales Currency Acquisitions Core Sales % % % % Writing 3.3% (4.5)% -- 7.8% Home Solutions 1.0 (0.6) 4.1% (2.5) Tools 4.2 (2.1) -- 6.3 Commercial Products 6.5 (0.7) -- 7.2 Baby & Parenting (4.5) (1.1) 0.6 (4.0) Total Company 2.1% (2.1)% 1.2% 3.0% 6
Slide 7: Strong Core Growth in Win Bigger Businesses
Strong Core Growth in Win Bigger Businesses Q4 core sales +6.4% FY14 core sales +7.3% Writing Tools Commercial Products 7
Slide 8: Return to Core Sales Growth in Baby
Return to Core Sales Growth in Baby 8
Slide 9: Solid Margin Development
Solid Margin Development Normalized Gross Margin Normalized Operating Margin 40% +70 bps +90 bps 15% +120 bps +40 bps 39% 14% 38.8% 13.8% 13.4% 38% 13% 37.7% 37% 12% 36% 11% 35% 10% Q4 2014 FY 2014 Q4 2014 FY 2014 9
Slide 10: Completed Acquisition of Baby Jogger Holdings, Inc.
Completed Acquisition of Baby Jogger Holdings, Inc. Leading brands Premium position International footprint Growth, operating margin and EPS accretive 10
Slide 11: FY 2015 Outlook
FY 2015 Outlook FY 2015 Outlook* Core Sales 3.5% to 4.5% Currency (4.0)% to (5.0)% Acquisitions 3.5% to 4.5% Net Sales Growth 3.0% to 4.0% Normalized EPS** $2.10 to $2.18 * Reflects outlook communicated in the January 30, 2015 Q4 2014 Earnings Release and Earnings Call ** See reconciliation included
Slide 12: Appendix
NewellRubbermaid Brands That Matter Appendix Shanpee. 1Oxs IRWIN. PaporsMate: Gow LEVOLOR
Slide 13: Reconciliation: FY 2015 Normalized EPS
Reconciliation: FY 2015 Normalized EPS Diluted EPS $1.82 to $1.90 Restructuring, restructuring-related and other project costs (1) 0.21 to 0.35 Normalized EPS $2.10 to $2.18 (1) Restructuring, restructuring-related and other project costs include restructuring, restructuring-related, and organizatio
Slide 14: Reconciliation: Q4 2014 GAAP & Non-GAAP Certain Line Items
Reconciliation: Q4 2014 GAAP & Non-GAAP Certain Line Items Newell Rubbermaid Inc. RECONCILIATION OF GAAP AND NON-GAAP INFORMATION CERTAIN LINE ITEMS (in millions, except per share data) Three Months Ended December 31, 2014 GAAP Measure Restructuring and Inventory charge Advisory costs for Acquisitio
Slide 15: Reconciliation: Q4 2013 GAAP & Non-GAAP Certain Line Items
Reconciliation: Q4 2013 GAAP & Non-GAAP Certain Line Items Newell Rubbermaid Inc. RECONCILIATION OF GAAP AND NON-GAAP INFORMATION CERTAIN LINE ITEMS (in millions, except per share data) Three Months Ended December 31, 2013 GAAP Measure Restructuring and Non-GAAP Measure restructuring-related Discont
Slide 16: Reconciliation: FY 2014 GAAP & Non-GAAP Certain Line Items
Reconciliation: FY 2014 GAAP & Non-GAAP Certain Line Items Newell Rubbermaid Inc. RECONCILIATION OF GAAP AND NON-GAAP INFORMATION CERTAIN LINE ITEMS (in millions, except per share data) Year Ended December 31, 2014 GAAP Measure Restructuring and Charge resulting Inventory charge Advisory costs for A
Slide 17: Reconciliation: FY 2013 GAAP & Non-GAAP Certain Line Items
Reconciliation: FY 2013 GAAP & Non-GAAP Certain Line Items Newell Rubbermaid Inc. RECONCILIATION OF GAAP AND NON-GAAP INFORMATION CERTAIN LINE ITEMS (in millions, except per share data) Year Ended December 31, 2013 GAAP Measure Restructuring and Charge resulting from Non-GAAP Measure restructuring-r
Slide 18: Reconciliation: Q4 & FY 2014/2013 Segment Operating Income/Margin
Reconciliation: Q4 & FY 2014/2013 Segment Operating Income/Margin Newell Rubbermaid Inc. Financial Worksheet- Segment Reporting (In Millions) 2014 2013 Reconciliation (1,2,3,4,5) Reconciliation (1) Year-over-year changes Reported Excluded Normalized Operating Reported Excluded Normalized Operating N
Slide 19: Reconciliation: Q4 2014 Core Sales
Reconciliation: Q4 2014 Core Sales Newell Rubbermaid Inc. Three Months Ended December 31, 2014 In Millions Currency Analysis By Segment Net Sales, Core Year-Over-Year As Reported Sales (1) Increase (Decrease) Increase Increase Less Inc. (Dec.) Excl. Currency Excluding Including Currency Core Sales 2
Slide 20: Reconciliation: FY 2014 Core Sales
Reconciliation: FY 2014 Core Sales Newell Rubbermaid Inc. Year Ended December 31, 2014 In Millions Currency Analysis By Segment Net Sales, Core Year-Over-Year As Reported Sales (1) Increase (Decrease) Increase Increase Less Inc. (Dec.) Excl. Currency Excluding Including Currency Core Sales 2014 2013