discussion

Exhibit 99.1

Energizer Holdings, Inc. 533 Maryville University Dr.

St. Louis, MO 63141

FOR IMMEDIATE RELEASE Company Contact

November 9, 2016

Jacqueline Burwitz Investor Relations

314-985-2169 [email protected]

Energizer Holdings, Inc. Announces Fiscal 2016 Fourth Quarter and Full Year Results and Provides Financial Outlook for the Fiscal Year 2017

• Reported net sales increased 8.3% in the fourth fiscal quarter versus prior year due to increased organic net sales of 1.7% and the HandStands acquisition which contributed $32.3 million

• Diluted EPS was $0.34 in the fourth fiscal quarter compared to $0.37 in the prior year fourth quarter, and Adjusted Diluted EPS was $0.54 compared to $0.61 in the prior year fourth quarter

• HandStands operations were included in the full fourth quarter results and were accretive to Adjusted Diluted EPS by $0.05 per share

St. Louis —November 9, 2016—Energizer Holdings, Inc. (NYSE: ENR) today announced results for the fourth fiscal quarter and full fiscal year, which ended September 30, 2016. For the fourth fiscal quarter, net earnings were $21.6 million, or $0.34 per diluted share, compared to net earnings of $23.1 million, or $0.37 per diluted share, in the prior year fourth quarter. Adjusted net earnings in the fourth quarter were $33.7 million, or $0.54 per diluted share, compared to adjusted net earnings of $38.5 million, or $0.61 per diluted share.

For the year, the Company reported net earnings of $127.7 million, or $2.04 per diluted share, compared with a net loss of $4.0 million, or a loss of $0.06 per diluted share. Adjusted net earnings for the current fiscal year were $144.6 million, or $2.31 per diluted share, compared to $177.3 million in the prior fiscal year, or $2.82 per diluted share.

“Fiscal 2016 was a tremendous year for Energizer,” said Alan Hoskins, Chief Executive Officer. “The combination of strong organic sales growth, relentless focus on costs and effective working capital management resulted in strong financial performance. This allowed us to reinvest in our business, return capital to shareholders through dividends and share repurchase, and, on July 1, complete our first acquisition. We believe that we have created a foundation for continued success, and we remain focused on delivering value for our shareholders."

Fourth Fiscal Quarter Financial Highlights (Unaudited) The following is a summary of key fourth fiscal quarter results. All comparisons are with the fourth quarter of fiscal 2015 unless otherwise stated.

• Net sales were $432.4 million, up 8.3%: (a)

Organic net sales increased 1.7%, due primarily to net distribution and space gains, pricing actions and timing of promotional shipments in North America. These items were partially offset by the expected reduction in retail inventory levels.

Impact of the HandStands acquisition resulted in increased sales of $32.3 million, or 8.1%.

These items were offset by the impact of unfavorable currency of $5.6 million, or 1.5%.

• Gross margin percentage was 43.3%, down 260 basis points driven in part by an unfavorable movement in currencies. Excluding the impact from currency movements, gross margin percentage declined 190 basis points driven by increased costs of $8.1 million related to the fair market value step up of HandStands' inventory due to the acquisition. Excluding these items and the incremental impact of the HandStands acquisition, gross margin decreased 40 basis points driven by increased costs in the quarter as a result of a product enhancements partially offset by favorable commodity costs and other productivity savings. (a)

• A&P spending was 7.3% of sales, an decrease of 100 basis points, or $1.9 million, due to higher prior year spending related to the EcoAdvanced product launch and the timing of current year advertising and promotional activities.

• SG&A spending, excluding acquisition and integration costs and spin costs, was approximately $92.8 million, or 21.5% compared to $89.1 million, or 22.3% in the prior year. The higher absolute dollar value was due to $3.9 million of additional SG&A related to HandStands operations in the current fourth quarter. The improved percentage comparison versus the prior year quarter reflects the improved top-line performance partially offset by higher compensation related costs. (a)

• Spin-off and spin restructuring related charges were $4.6 million in the fourth fiscal quarter.

• Acquisition and integration costs associated with the HandStands acquisition were $7.1 million in the fourth fiscal quarter.

• Pre-tax income was negatively impacted by the movement in foreign currencies by approximately $6 million in the fourth fiscal quarter.

• Adjusted EBITDA was $76.3 million in the quarter. (a)

• Dividend payments in the quarter were approximately $15.5 million, or $0.25 per share.

• Repurchased approximately 233,000 shares of common stock during the fourth quarter for $10.7 million.

(a) See Press Release attachments for additional information as well as the GAAP to Non-GAAP reconciliations.

Fiscal 2016 Financial Highlights (Unaudited) The following is a summary of key 2016 fiscal results. All comparisons are with fiscal 2015 unless otherwise stated.

• Net sales were $1,634.2 million, up 0.2%: (a)

Organic net sales increased 3.7%, reflecting net distribution and space gains, pricing actions and timing of promotional shipments in North America. These gains were partially offset by the heightened competitive activity in certain Asia developed markets and the anticipated reduction in retail inventory levels.

Impact of the HandStands acquisition resulted in increased sales of $32.3 million, or 2.0%.

These items were offset by the impact of unfavorable currency of $66.9 million, or 4.1%.

• Gross margin percentage was 43.6%, down 270 basis points driven in part by an unfavorable movement in currencies. Excluding the impact from currency movements, gross margin percentage declined 80 basis points driven by increased costs related to the step up of inventory for the HandStands acquisition of $8.1 million. Excluding these items and the incremental impact of the HandStands acquisition, gross margin decreased 30 basis points driven by planned as well as accelerated discrete productivity initiatives and increased costs in support of innovation launched across our portfolios partially offset by lower commodity and other productivity savings. (a)

• A&P spending was 6.3% of sales, a decrease of 180 basis points, or $29.9 million, due to higher prior year spending related to the EcoAdvanced product launch and the timing of current year advertising and promotional activities.

• SG&A spending, excluding acquisition and integration costs and spin costs, was approximately $332.6 million, or 20.4% compared to $327.1 million, or 20.0% in the prior year. The higher absolute dollar value was primarily due to $3.9

million of additional SG&A related to HandStands operations in the current fourth quarter. The higher percentage comparison versus the prior year quarter reflects higher compensation related costs and incremental investment spending partially offset by the impact of effective cost management and lower overall pension costs. (a)

• Spin-off and spin restructuring related charges were $16.2 million in fiscal 2016.

• Restructuring related charges were $4.9 million in fiscal 2016.

• Pre-tax income was negatively impacted by the movement in foreign currencies by approximately $52 million.

• Income tax rate on a year to date basis was 22.9% due to the favorable impacts of certain return to provision adjustments related to prior year provision estimates and certain spin related adjustments of approximately $11.4 million. Excluding the impact of all of our Non-GAAP adjustments, the effective tax rate on a year to date basis was 29.8%. (a)

• Adjusted EBITDA was $313.9 million. (a)

• Net cash from operating activities on a year to date basis was $190.7 million and Free Cash Flow on a year to date basis was $163.5 million, or 10.0% of net sales. (a)

• Dividend payments were $62.7 million on a year to date basis, or $1.00 per share.

• Repurchased approximately 833,000 shares of common stock on a year to date basis for $32.5 million.

(a) See Press Release attachments for additional information as well as the GAAP to Non-GAAP reconciliations.

Total Net Sales (In millions - Unaudited) Quarter and Twelve Months Ended September 30, 2016

Q4 % Chg Twelve Months % Chg

Net Sales - FY'15 $ 399.1 $ 1,631.6 Organic 6.6 1.7 % 60.4 3.7 % Change in Venezuela results — — % (8.5) (0.5)% International Go-to-Market — — % (14.7) (0.9)% Impact of acquisition 32.3 8.1 % 32.3 2.0 % Impact of currency (5.6) (1.5)% (66.9) (4.1)% Net Sales - FY'16 $ 432.4 8.3 % $ 1,634.2 0.2 %

**Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures attached.

Total net sales increased 8.3%, or $33.3 million, driven in part by the impact of the HandStands acquisition on July 1, 2016 which contributed net sales of $32.3 million. Organic net sales increased 1.7% in the quarter due to net distribution and space gains, pricing actions taken in Latin America and timing of promotional shipments in North America. These items were partially offset by anticipated reduction in retail inventory levels. These increases were partially offset by unfavorable currency movements of $5.6 million, or 1.5%.

Total Segment Profit (In millions - Unaudited) Quarter and Twelve Months Ended September 30, 2016

Q4 % Chg Twelve Months % Chg

Segment Profit - FY'15 $ 95.0 $ 391.5 Organic 2.8 2.9 % 34.6 8.8 % Change in Venezuela results — — % (2.5) (0.6)% International Go-to-Market — — % 1.7 0.4 % Impact of acquisition 9.5 10.0 % 9.5 2.4 % Impact of currency (3.5) (3.6)% (46.6) (11.8)% Segment Profit - FY'16 $ 103.8 9.3 % $ 388.2 (0.8)%

** Refer to the Reconciliation of GAAP and Non-GAAP Financial Measures attached.

Total Segment Profit in the fourth fiscal quarter increased $8.8 million, or 9.3%, driven primarily by the impact of the HandStands acquisition which contributed an additional $9.5 million to segment profit. These increases were offset by negative currency impact of $3.5 million, or 3.6%. Organic growth of $2.8 million, or 2.9%, was driven by the top-line increase explained above and lower A&P spend due to the prior year's spending in support of the EcoAdvanced product launch and the timing of current year advertising and promotional activities. These increases were partially offset by increased costs associated with a planned productivity initiative.

Financial Outlook Assumptions for Fiscal Year 2017

The Company is providing the below assumptions related to its financial outlook for the fiscal year 2017. All comparisons are with the fiscal year ended September 30, 2016 unless otherwise stated.

• Net sales are expected to be up mid-single digits:

Organic net sales are expected to be flat to up low-single digits;

The incremental impact of the HandStands acquisition is expected to increase net sales by 5% to 6%; and

Unfavorable movements in foreign currencies are expected to reduce net sales by 0.5% to 1.0%, based on current rates.

The International go-to-market changes and impact of the deconsolidation of Venezuela results were fully lapped in fiscal year 2016 and will have no impact on our fiscal year 2017 comparisons.

• Gross margin rates are expected to improve by 50 to 100 basis points, driven primarily by productivity initiatives.

• SG&A as a percent of net sales, excluding integration costs and other unusual items, is expected to improve 50 to 100 basis points and be in the range of 19 to 20 percent.

• Pre-tax income is expected to be negatively impacted by the movement in foreign currencies by $5 to $10 million, net of hedge impact, based on current rates.

• Income tax rate, excluding integration costs and other unusual items, is expected to be in the range of 30 to 31 percent.

• Adjusted EPS for the full fiscal year to be in the range of $2.55 to $2.75, inclusive of approximately $0.15 to $0.20 from the recently acquired HandStands business.

• Capital spending is expected to be in the range of $30 to $35 million.

• Free Cash Flow is expected to exceed $180 million.

• Acquisition and integration costs are expected to be in the range of $5 to $10 million.

Webcast Information

In conjunction with this announcement, the Company will hold an investor conference call beginning at 10:00 a.m. eastern time today. The call will focus on fourth quarter earnings and the financial outlook for fiscal 2017. All interested parties may access a live webcast of this conference call at www.energizerholdings.com, under "Investors" and "Events and Presentations" tabs or by using the following link:

https://www.webcaster4.com/Webcast/Page/1192/17830

For those unable to participate during the live webcast, a replay will be available on www.energizerholdings.com, under "Investors," "Events and Presentations," and "Past Events" tabs.

# # #

Forward-Looking Statements. This document contains both historical and forward-looking statements. Forward-looking statements are not based on historical facts but instead reflect our expectations, estimates or projections concerning future results or events, including, without limitation, the future sales, gross margins, costs, earnings, cash flows, tax rates and performance of the Company. These statements generally can be identified by the use of forward-looking words or phrases such as "believe," "expect," "expectation," "anticipate," "may," "could," "intend," "belief," "estimate," "plan," "target," "predict," "likely," "will," "should," "forecast," "outlook," or other similar words or phrases. These statements are not guarantees of performance and are inherently subject to known and unknown risks, uncertainties and assumptions that are difficult to predict and could cause our actual results to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or projections will be achieved. The forward-looking statements included in this document are only made as of the date of this document and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances. Numerous factors could cause our actual results and events to differ materially from those expressed or implied by forward-looking statements, including, without limitation:

• market and economic conditions, including the impact of the United Kingdom's referendum vote and announced intention to exit the European Union at some future date;

• the ability to integrate the HandStands business successfully and to achieve the anticipated cost savings and other synergies;

• the possibility that other anticipated benefits of the HandStands acquisition will not be realized, including without limitation, anticipated revenues, expenses, margins, cash flows, earnings and other financial results, and growth and expansion of our operations;

• market trends in the categories in which we compete; • the success of new products and the ability to continually develop and market new products; • our ability to attract, retain and improve distribution with key customers; • our ability to continue planned advertising and other promotional spending; • our ability to timely execute strategic initiatives, including restructurings, and international go-to-market changes in a

manner that will positively impact our financial condition and results of operations and does not disrupt our business operations;

• the impact of strategic initiatives, including restructurings, on our relationships with employees, customers and vendors; • our ability to maintain and improve market share in the categories in which we operate despite heightened competitive

pressure; • our ability to improve operations and realize cost savings; • the impact of foreign currency exchange rates and currency controls, as well as offsetting hedges; • the impact of raw materials and other commodity costs; • costs and reputational damage associated with cyber-attacks or information security breaches or other events; • our ability to acquire and integrate businesses, and to realize the projected results of acquisitions; • the impact of advertising and product liability claims and other litigation; • compliance with debt covenants and maintenance of credit ratings as well as the impact of interest and principal

repayment of our existing and any future debt; and • the impact of legislative or regulatory determinations or changes by federal, state and local, and foreign authorities,

including taxing authorities.

In addition, other risks and uncertainties not presently known to us or that we consider immaterial could affect the accuracy of any such forward-looking statements. The list of factors above is illustrative, but by no means exhaustive. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Additional risks and uncertainties include those detailed from time to time in our publicly filed documents, including those described under the heading “Risk Factors” in our Form 10-K filed with the Securities and Exchange Commission on November 20, 2015.

ENERGIZER HOLDINGS, INC. CONSOLIDATED STATEMENT OF EARNINGS

(Condensed) (In millions, except per share data - Unaudited)

Quarter Ended September 30,

Twelve Months Ended September 30,

2016 2015 2016 2015

Net sales $ 432.4 $ 399.1 $ 1,634.2 $ 1,631.6 Cost of products sold (1) 245.1 216.0 921.8 875.4 Gross profit 187.3 183.1 712.4 756.2 Selling, general and administrative expense (1) 98.5 103.8 352.6 426.3 Advertising and promotion expense 31.4 33.3 102.4 132.3 Research and development expense 7.5 5.8 26.6 24.9 Amortization of intangible assets 2.8 — 2.8 — Venezuela deconsolidation — — — 65.2 Spin restructuring 4.8 3.1 5.8 39.1 Restructuring — 0.8 2.5 9.6 Interest expense (2) 15.2 12.7 54.3 77.9 Other financing items, net 0.6 (6.5) (0.3) (18.4) Earnings before income taxes 26.5 30.1 165.7 (0.7) Income tax provision 4.9 7.0 38.0 3.3 Net earnings/(loss) $ 21.6 $ 23.1 $ 127.7 $ (4.0)

Earnings/(loss) per share Basic $ 0.35 $ 0.37 $ 2.06 $ (0.06) Diluted (3) $ 0.34 $ 0.37 $ 2.04 $ (0.06)

Dividend per common share $ 0.25 $ 0.25 $ 1.00 $ 0.25

Weighted average shares of common stock - Basic 61.9 62.2 61.9 62.2 Weighted average shares of common stock - Diluted (3) 62.8 62.8 62.5 62.2

(1) See the Supplemental Schedules - Statement of Earnings Reconciliation attached which breaks out the Restructuring, Spin, Inventory step up and Acquisition and integration costs included within these lines..

(2) Includes acquisition bridge loan fees of $1.2 million for the quarter and twelve months ended September 30, 2016 and cost of early debt retirement of $26.7 for the twelve months ended September 30, 2015.

(3) For the twelve months ended September 30, 2015, GAAP net earnings/(loss) per share is calculated using basic weighted average share outstanding due to the reported net loss.

ENERGIZER HOLDINGS, INC. CONSOLIDATED BALANCE SHEETS

(Condensed) (In millions - Unaudited)

SEPTEMBER 30, 2016 2015 Assets Current assets

Cash and cash equivalents $ 287.3 $ 502.1 Trade receivables, net 196.3 154.6 Inventories 289.2 275.9 Other current assets 122.6 139.3

Total current assets 895.4 1,071.9 Property, plant and equipment, net 201.7 205.6 Goodwill 229.7 38.1 Other intangible assets, net 234.7 76.3 Long term deferred tax asset 64.8 163.1 Other assets 112.2 63.6 Total assets $ 1,738.5 $ 1,618.6 Liabilities and Shareholders' Equity Current liabilities

Current maturities of long-term debt 4.0 3.0 Note payable 57.4 5.2 Accounts payable 220.3 162.3 Other current liabilities 257.3 290.9

Total current liabilities 539.0 461.4 Long-term debt 981.7 984.3 Other liabilities 247.8 233.0 Total liabilities 1,768.5 1,678.7 Shareholders' equity

Common stock 0.6 0.6 Additional paid-in capital 194.6 181.7 Retained earnings 70.9 6.9 Treasury stock (30.0) — Accumulated other comprehensive loss (266.1) (249.3)

Total shareholders' equity (30.0) (60.1) Total liabilities and shareholders' equity $ 1,738.5 $ 1,618.6

ENERGIZER HOLDINGS, INC. CONSOLIDATED STATEMENT OF CASH FLOWS

(Condensed) (In millions - Unaudited)

FOR THE YEARS ENDED

SEPTEMBER 30, 2016 2015 Cash Flow from Operating Activities

Net earnings/(loss) $ 127.7 $ (4.0) Non-cash restructuring costs 4.9 13.1 Depreciation and amortization 34.3 41.8 Venezuela deconsolidation charge — 65.2 Deferred income taxes 2.5 (7.1) Share based payments 20.4 13.5 Other non-cash charges 13.1 (13.0) Other, net (20.2) (9.4)

Changes in assets and liabilities used in operations (Increase)/decrease in accounts receivable, net (9.5) 9.7 Decrease/(increase) in inventories 11.9 (0.1) Decrease in other current assets 9.8 3.5 Increase/(decrease) in accounts payable 43.7 (18.2) (Decrease)/increase in other current liabilities (47.9) 66.8

Net cash flow from operating activities 190.7 161.8 Cash Flow from Investing Activities

Capital expenditures (28.7) (40.4) Proceeds from sale of assets 1.5 13.7 Acquisitions, net of cash acquired (344.0) (12.1)

Net cash used by investing activities (371.2) (38.8) Cash Flow from Financing Activities

Net transfers from Parent and affiliates — (648.8) Cash Proceeds from issuance of debt with original maturities greater than 90 days — 999.0 Payments on debt with maturities greater than 90 days (3.0) (1.0) Increase/(decrease) in debt with maturities 90 days or less 62.2 (12.4) Dividend paid (62.7) (15.5) Deferred finance expense (1.6) (12.1) Purchase of treasury stock (31.8) — Excess tax benefits from share-based payments 1.0 — RSEAs liquidated for taxes (6.2) —

Net cash (used by)/from financing activities (42.1) 309.2

Effect of exchange rate changes on cash 7.8 (19.7)

Net (decrease)/increase in cash and cash equivalents (214.8) 412.5 Cash and cash equivalents, beginning of period 502.1 89.6 Cash and cash equivalents, end of period $ 287.3 $ 502.1

ENERGIZER HOLDINGS, INC. Supplemental Schedules

Introduction to the Reconciliation of GAAP and Non-GAAP Measures For the Quarter and Twelve Months ended September 30, 2016

The Company reports its financial results in accordance with accounting principles generally accepted in the U.S. ("GAAP"). However, management believes that certain non-GAAP financial measures provide users with additional meaningful comparisons to the corresponding historical or future period and assist investors in performing analysis consistent with financial models developed by research analysts. Investors should consider non-GAAP measures in addition to, not as a substitute for, or superior to, the comparable GAAP measures. Additionally, we are unable to provide a reconciliation of forward-looking non-GAAP measures due to uncertainty regarding future acquisition and integration costs, restructuring related charges, spin-off related charges, the impact of fluctuations in foreign currency movements and the cost of raw materials.

We provide the following non-GAAP measures and calculations, as well as the corresponding reconciliation to the closest GAAP measure in the following supplemental schedules:

Segment Profit. This amount represents the operations of our four geographic segments including allocations for shared IT and finance functions. General corporate and other expenses, Global marketing expenses, R&D expenses, interest expense and charges related to the spin-off, restructuring, acquisition and integration have all been excluded from segment profit.

Adjusted Earnings Before Taxes, Adjusted Net Earnings and Adjusted Diluted EPS. These measures exclude the impact of the costs related to the Venezuela deconsolidation, spin-off, restructurings, acquisition and integration, cost of early debt retirement, the acquisition fair value inventory step up and adjustments to prior year tax accruals.

Organic. This is the non-GAAP financial measurement of the change in revenue, segment profit or other margins that excludes or otherwise adjusts for the impact of our go-to-market initiatives, the change in our Venezuela results from the deconsolidation of those operations, the impact of acquisitions and the impact of currency from the changes in foreign currency exchange rates as defined below:

International Go-to-market initiatives. To compete more effectively as an independent company, we increased our use of exclusive and non-exclusive third-party distributors and wholesalers, and decreased or eliminated our business operations in certain countries, consistent with our international go-to-market strategy. In order to capture the impact of these international go-to-market changes and exits, we have separately identified the impact of these changes, which represents the year over year change in those markets since the date of exit. The impact from these changes was fully realized during the third quarter 2016.

Change in Venezuela Results. As previously announced, we deconsolidated our Venezuelan subsidiaries on March 31, 2015 and began accounting for our investment in our Venezuelan operations using the cost method of accounting. Subsequent to March 31, 2015, our financial results do not include the operating results of our Venezuelan operations. As a result of the deconsolidation, we have taken the year over year change in Venezuela results and separately identified the impact in our change in sales and segment profit.

Impact of acquisition. The Company acquired HandStands on July 1, 2016. This includes the impact the HandStands on going operations contributed to each respective income statement caption. This does not include the impact of acquisition and integration costs or the one time inventory fair value step up costs associated with the HandStands acquisition.

Impact of currency. The Company evaluates the operating performance of our Company on a currency neutral basis. The impact of currency is the difference between the value of current year foreign operations at the current period ending USD exchange rate, compared to the value of the current year foreign operations at the prior period ending USD exchange rate.

Adjusted Comparisons. Detail for adjusted gross margin, adjusted A&P as a percent of sales, adjusted R&D as a percent of sales and adjusted SG&A as a percent of sales are also supplemental non-GAAP measure disclosures. These measures exclude the impact of costs related to spin-off, restructuring and acquisition and integration costs.

EBITDA and ADJUSTED EBITDA. EBITDA is defined as earnings/loss from continuing operations before income tax expense/benefit, interest and depreciation and amortization. Adjusted EBITDA further excludes the impact of the costs related to the spin-off, restructurings, acquisition and integration costs, Venezuela deconsolidation and share-based payments.

Free Cash Flow. Free Cash Flow is defined as net cash provided by operating activities reduced by capital expenditures, net of the proceeds from asset sales. Given our extensive international operations, a significant portion of our cash is generated outside of the U.S. The repatriation of cash balances from certain of our subsidiaries could have adverse tax consequences or be subject to regulatory capital requirements.

Energizer Holdings, Inc. Supplemental Schedules - Segment Information and Supplemental Sales Data

For the Quarter and Twelve Months ended September 30, 2016 (In millions, except per share data - Unaudited)

Operations for Energizer are managed via four major geographic reportable segments: North America (the United States and Canada), Latin America, Europe, Middle East and Africa (“EMEA”), and Asia Pacific.

Energizer’s operating model includes a combination of standalone and shared business functions between the geographic segments, varying by country and region of the world. Shared functions include IT and finance shared service costs. Energizer applies a fully allocated cost basis, in which shared business functions are allocated between segments. Such allocations are estimates, and also do not represent the costs of such services if performed on a standalone basis.

Segment sales and profitability for the quarter and twelve months ended September 30, 2016 and 2015, respectively, are presented below.

For the Quarter Ended

September 30, For the Twelve Months Ended

September 30, 2016 2015 2016 2015 Net Sales

North America $ 255.4 $ 225.4 $ 891.4 $ 831.3 Latin America 24.1 25.2 110.6 125.1 EMEA 82.4 83.0 353.8 370.4 Asia Pacific 70.5 65.5 278.4 304.8

Total net sales $ 432.4 $ 399.1 $ 1,634.2 $ 1,631.6

Segment Profit North America $ 69.7 $ 71.5 $ 247.6 $ 234.6 Latin America 3.3 3.9 18.9 20.7 EMEA 11.5 5.5 51.6 58.3 Asia Pacific 19.3 14.1 70.1 77.9

Total segment profit $ 103.8 $ 95.0 $ 388.2 $ 391.5

General corporate and other expenses $ (23.9) $ (23.0) $ (80.8) $ (66.0) Global marketing expense (1) (8.7) (8.5) (19.1) (24.8) Research and development expense (7.5) (5.8) (26.6) (24.9) Amortization of intangible assets (2.8) — (2.8) — Venezuela deconsolidation charge — — — (65.2) Restructuring (1) — (2.8) (4.9) (13.0) Acquisition and integration costs (1) (5.9) (0.3) (10.0) (1.6) Inventory step up (1) (8.1) — (8.1) — Spin costs (1) 0.2 (15.2) (10.4) (98.1) Spin restructuring (4.8) (3.1) (5.8) (39.1) Acquisition bridge loan fees (1.2) — (1.2) — Cost of early debt retirement (1) — — — (26.7) Interest expense (14.0) (12.7) (53.1) (51.2) Other financing items, net (0.6) 6.5 0.3 18.4

Total earnings/(loss) before income taxes $ 26.5 $ 30.1 $ 165.7 $ (0.7) (1) See the Supplemental Schedules - Statement of Earnings Reconciliation for where these charges are recorded in unaudited Consolidated Statement of

Earnings.

Supplemental product information is presented below for revenues from external customers:

For the Quarter Ended

September 30, For the Twelve Months Ended September 30,

Net Sales 2016 2015 2016 2015 Batteries $ 375.0 $ 371.1 $ 1,498.0 $ 1,603.6 Lighting products and automotive 57.4 28.0 136.2 28.0

Total net sales $ 432.4 $ 399.1 $ 1,634.2 $ 1,631.6

Energizer Holdings, Inc. Supplemental Schedules - GAAP EPS to Adjusted EPS Reconciliation

For the Quarter and Twelve Months ended September 30, 2016 (In millions, except for per share data- Unaudited)

The following tables provide a reconciliation of net earnings/(loss) and net earnings/(loss) per diluted share to adjusted net earnings and adjusted net earnings per diluted share, which are non-GAAP measures.

Quarter Ended September 30,

(in millions, except per share data) Earnings Before

Income Taxes Net Earnings Diluted EPS 2016 2015 2016 2015 2016 2015

Reported - GAAP $ 26.5 $ 30.1 $ 21.6 $ 23.1 $ 0.34 0.37 Impacts: Expense (Income) Spin costs (1) (0.2) 15.2 — 13.9 — 0.22 Spin restructuring 4.8 3.1 3.3 2.8 0.05 0.04 Restructuring (1) — 2.8 — (0.1) — — Acquisition and integration costs (1) 7.1 0.3 6.4 0.2 0.11 — Inventory step up (1) 8.1 — 5.0 — 0.08 — Adjustments to prior year tax accruals — — (2.6) (1.4) (0.04) (0.02) Adjusted - Non-GAAP (3) $ 46.3 $ 51.5 $ 33.7 $ 38.5 $ 0.54 $ 0.61 Weighted average shares - Diluted (4) 62.8 62.8

Twelve Months Ended September 30,

(in millions, except per share data)

(Loss) / Earnings Before Income

Taxes Net (Loss)/ Earnings Diluted EPS

2016 2015 2016 2015 2016 2015 Reported - GAAP $ 165.7 $ (0.7) $ 127.7 $ (4.0) $ 2.04 $ (0.06) Impacts: Expense (Income) Venezuela deconsolidation charge — 65.2 — 65.2 — 1.04 Spin costs (1) 10.4 98.1 7.0 68.7 0.11 1.09 Spin restructuring 5.8 39.1 4.2 27.0 0.07 0.43 Cost of early debt retirement (2) — 26.7 — 16.7 — 0.27 Restructuring (1) 4.9 13.0 3.1 6.5 0.05 0.10 Acquisition and integration costs (1) 11.2 1.6 9.0 1.2 0.14 0.01 Inventory step up (1) 8.1 — 5.0 — 0.08 — Adjustments to prior year tax accruals — — (11.4) (4.0) (0.18) (0.06) Adjusted - Non-GAAP (3) $ 206.1 $ 243.0 $ 144.6 $ 177.3 $ 2.31 $ 2.82 Weighted average shares - Diluted (4) 62.5 62.2

(1) See Supplemental Schedules - Statement of Earnings Reconciliation for where these costs are recorded on the unaudited Consolidated Statement of Earnings.

(2) Included in interest expense on the unaudited Consolidated Statement of Earnings.

(3) The effective tax rate for the three and twelve months ended September 30, 2016 for the Adjusted - Non-GAAP Net Earnings and Diluted EPS was 27.2% and 29.8%, respectively, as calculated utilizing the statutory rate for where the costs were incurred.

(4) For the twelve months ended September 30, 2015, adjusted earnings per share is calculated utilizing the diluted weighted average shares as the Company has Adjusted - Non GAAP net earnings rather than a loss.

Energizer Holdings, Inc. Supplemental Schedules - Segment Sales

For the Quarter and Twelve Months Ended September 30, 2016 (In millions, except per share data - Unaudited)

Net Sales Q1'16 % Chg Q2'16 % Chg Q3'16 % Chg Q4'16 % Chg FY '16 % Chg

North America Net sales - prior year $251.4 $169.6 $184.9 $ 225.4 $ 831.3

Organic 31.5 12.5 % 0.2 0.1 % 3.8 2.1 % 2.2 1.0 % 37.7 4.5 % Impact of acquisition — — % — — % — — % 27.6 12.2 % 27.6 3.3 % Impact of currency (3.7) (1.4 )% (1.0) (0.6 )% (0.7) (0.4 )% 0.2 0.1 % (5.2) (0.6 )% Net sales - current year $279.2 11.1 % $168.8 (0.5)% $188.0 1.7 % $ 255.4 13.3 % $ 891.4 7.2 %

Latin America

Net sales - prior year $ 38.3 $ 33.8 $ 27.8 $ 25.2 $ 125.1

Organic 4.6 12.0 % 4.0 11.8 % 5.0 18.0 % 2.0 7.9 % 15.6 12.5 % Change in Venezuela results (3.1) (8.1 )% (5.4) (16.0 )% — — % — — % (8.5) (6.8 )%

Int'l Go-to-Market 0.1 0.3 % (0.4) (1.2 )% (1.7) (6.1 )% — — % (2.0) (1.6 )%

Impact of acquisition — — % — — % — — % 1.7 6.7 % 1.7 1.4 %

Impact of currency (5.4) (14.1 )% (5.9) (17.4 )% (5.2) (18.7 )% (4.8) (19.0 )% (21.3) (17.1 )% Net sales - current year $ 34.5 (9.9)% $ 26.1 (22.8)% $ 25.9 (6.8)% $ 24.1 (4.4)% $ 110.6 (11.6)%

EMEA

Net sales - prior year $125.9 $ 79.2 $ 82.3 $ 83.0 $ 370.4

Organic 9.9 7.8 % 2.6 3.3 % (0.7) (0.9 )% 0.2 0.2 % 12.0 3.2 %

Int'l Go-to-Market (2.2) (1.7 )% (1.1) (1.4 )% (0.2) (0.2 )% — — % (3.5) (0.9 )% Impact of acquisition — — % — — % — — % 2.1 2.5 % 2.1 0.6 % Impact of currency (15.7) (12.5 )% (4.4) (5.6 )% (4.2) (5.1 )% (2.9) (3.4 )% (27.2) (7.4 )% Net sales - current year $117.9 (6.4)% $ 76.3 (3.7)% $ 77.2 (6.2)% $ 82.4 (0.7)% $ 353.8 (4.5)%

Asia Pacific Net sales - prior year $ 85.7 $ 74.3 $ 79.3 $ 65.5 $ 304.8 Organic 1.4 1.6 % (4.9) (6.6 )% (3.6) (4.5 )% 2.2 3.4 % (4.9) (1.6 )%

Int'l Go-to-Market (3.5) (4.1 )% (2.4) (3.2 )% (3.3) (4.2 )% — — % (9.2) (3.0 )% Impact of acquisition — — % — — % — — % 0.9 1.4 % 0.9 0.3 % Impact of currency (8.4) (9.8 )% (4.2) (5.7 )% (2.5) (3.2 )% 1.9 2.8 % (13.2) (4.4 )% Net sales - current year $ 75.2 (12.3)% $ 62.8 (15.5)% $ 69.9 (11.9)% $ 70.5 7.6 % $ 278.4 (8.7)%

Total Net Sales Net sales - prior year $501.3 $356.9 $374.3 $ 399.1 $1,631.6

Organic 47.4 9.5 % 1.9 0.5 % 4.5 1.2 % 6.6 1.7 % 60.4 3.7 % Change in Venezuela results (3.1) (0.6 )% (5.4) (1.5 )% — — % — — % (8.5) (0.5 )% Int'l Go-to-Market (5.6) (1.1 )% (3.9) (1.1 )% (5.2) (1.4 )% — — % (14.7) (0.9 )% Impact of acquisition — — % — — % — — % 32.3 8.1 % 32.3 2.0 % Impact of currency (33.2) (6.6 )% (15.5) (4.3 )% (12.6) (3.4 )% (5.6) (1.5 )% (66.9) (4.1 )% Net sales - current year $506.8 1.1 % $334.0 (6.4)% $361.0 (3.6)% $ 432.4 8.3 % $1,634.2 0.2 %

Energizer Holdings, Inc. Supplemental Schedules - Segment Profit

For the Quarter and Twelve Months Ended September 30, 2016 (In millions, except per share data - Unaudited)

Segment Profit Q1'16 % Chg Q2'16 % Chg Q3'16 % Chg Q4'16 % Chg FY '16 % Chg

North America Segment Profit - prior year $ 70.9 $ 45.8 $ 46.4 $ 71.5 $ 234.6 Organic 22.6 31.9 % (4.1) (9.0)% — — % (8.8) (12.3)% 9.7 4.1 % Impact of acquisition — — % — — % — — % 6.9 9.7 % 6.9 2.9 % Impact of currency (2.7) (3.8)% (0.6) (1.3)% (0.4) (0.9)% 0.1 0.1 % (3.6) (1.5)% Segment Profit - current year $ 90.8 28.1 % $ 41.1 (10.3)% $ 46.0 (0.9)% $ 69.7 (2.5)% $ 247.6 5.5 %

Latin America Segment Profit - prior year $ 4.7 $ 5.3 $ 6.8 $ 3.9 $ 20.7 Organic 5.8 123.4 % 4.1 77.4 % (0.5) (7.4)% 1.7 43.6 % 11.1 53.6 % Change in Venezuela results (0.5) (10.6)% (2.0) (37.7)% — — % — — % (2.5) (12.1)% Int'l Go-to-Market 1.5 31.9 % 1.1 20.8 % (0.1) (1.5)% — — % 2.5 12.1 % Impact of acquisition — — % — — % — — % 0.9 23.1 % 0.9 4.3 % Impact of currency (3.6) (76.6)% (3.9) (73.7)% (3.1) (45.5)% (3.2) (82.1)% (13.8) (66.6)% Segment Profit - current year $ 7.9 68.1 % $ 4.6 (13.2)% $ 3.1 (54.4)% $ 3.3 (15.4)% $ 18.9 (8.7)%

EMEA

Segment Profit - prior year $ 34.4 $ 9.6 $ 8.8 $ 5.5 $ 58.3

Organic 0.5 1.5 % 1.9 19.8 % 3.2 36.4 % 6.8 123.6 % 12.4 21.3 %

Int'l Go-to-Market (0.8) (2.3)% (0.4) (4.2)% 0.2 2.3 % — — % (1.0) (1.7)%

Impact of acquisition — — % — — % — — % 1.2 21.8 % 1.2 2.1 %

Impact of currency (11.1) (32.3)% (2.9) (30.2)% (3.3) (37.6)% (2.0) (36.3)% (19.3) (33.2)% Segment Profit - current year $ 23.0 (33.1)% $ 8.2 (14.6)% $ 8.9 1.1 % $ 11.5 109.1 % $ 51.6 (11.5)%

Asia Pacific

Segment Profit - prior year $ 23.0 $ 20.1 $ 20.7 $ 14.1 $ 77.9

Organic 2.2 9.6 % (2.9) (14.4)% (1.0) (4.8)% 3.1 22.0 % 1.4 1.8 %

Int'l Go-to-Market 0.9 3.9 % 0.3 1.5 % (1.0) (4.8)% — — % 0.2 0.3 %

Impact of acquisition — — % — — % — — % 0.5 3.5 % 0.5 0.6 %

Impact of currency (6.6) (28.7)% (3.0) (15.0)% (1.9) (9.2)% 1.6 11.4 % (9.9) (12.7)% Segment Profit - current year $ 19.5 (15.2)% $ 14.5 (27.9)% $ 16.8 (18.8)% $ 19.3 36.9 % $ 70.1 (10.0)%

Total Segment Profit

Segment Profit - prior year $133.0 $ 80.8 $ 82.7 $ 95.0 $ 391.5

Organic 31.1 23.4 % (1.0) (1.2)% 1.7 2.1 % 2.8 2.9 % 34.6 8.8 %

Change in Venezuela results (0.5) (0.4)% (2.0) (2.5)% — — % — — % (2.5) (0.6)%

Int'l Go-to-Market 1.6 1.2 % 1.0 1.2 % (0.9) (1.1)% — — % 1.7 0.4 %

Impact of acquisition — — % — — % — — % 9.5 10.0 % 9.5 2.4 %

Impact of currency (24.0) (18.0)% (10.4) (12.8)% (8.7) (10.6)% (3.5) (3.6)% (46.6) (11.8)% Segment Profit - current year $141.2 6.2 % $ 68.4 (15.3)% $ 74.8 (9.6)% $ 103.8 9.3 % $ 388.2 (0.8)%

Energizer Holdings, Inc. Supplemental Schedules - Adjusted Comparisons Reconciliation For the Quarter and Twelve Months Ended September 30, 2016

(In millions, except per share data - Unaudited)

Quarter Ended September 30, 2016 % of Sales vs. Prior Year Sales GP A&P R&D SG&A Sales GM A&P R&D SG&A

FY'15 - GAAP $ 399.1 $ 183.1 $ 33.3 $ 5.8 $ 103.8 Adjustments (1) — 2.8 — — (14.7) FY'15 - Adj. GAAP $ 399.1 $ 185.9 $ 33.3 $ 5.8 $ 89.1

46.6% 8.3% 1.5% 22.3%

Fx (5.6) (5.1) (0.3) (0.1) (2.0) (1.5)% (0.7)% 0.1 % (0.1)% (0.2)% Impact of acquisition 32.3 13.4 — 0.6 3.9 8.1 % (0.4)% (0.6)% — % (0.7)% Change in Venezuela — — — — — — % — % — % — % — % Int'l Go-to-Market — — — — — — % — % — % — % — % Organic 6.6 1.2 (1.6) 1.2 1.8 1.7 % (0.5)% (0.5)% 0.2 % 0.1 % Other — % 0.1 % — % 0.1 % — %

FY'16 - Adj. GAAP $ 432.4 $ 195.4 $ 31.4 $ 7.5 $ 92.8 % of Sales 45.2% 7.3% 1.7% 21.5% Adjustments (2) — (8.1) — — 5.7 FY'16 - GAAP $ 432.4 $ 187.3 $ 31.4 $ 7.5 $ 98.5 (1) Fourth quarter Fiscal 2015 Gross profit as reported of $183.1 million was adjusted for Spin costs of $0.5 million, Acquisition and integration costs of $0.3 million and $2.0 million for costs related to other projects. SG&A as reported of $103.8 million was adjusted for Spin costs of $14.7 million.

(2) Fourth quarter Fiscal 2016 gross profit as reported of $187.3 million was adjusted for the Inventory step up of $8.1 million. SG&A as reported of $98.5 million was adjusted for Acquisition and integration costs of $5.9 million and Spin costs of $4.0 million.

Year Ended September 30, 2016 % of Sales vs. Prior Year Sales GP A&P R&D SG&A Sales GM A&P R&D SG&A

FY'15 - GAAP $ 1,631.6 $ 756.2 $ 132.3 $ 24.9 $ 426.3 Adjustments (1) — 3.9 — — (99.2) FY'15 - Adj. GAAP $ 1,631.6 $ 760.1 $ 132.3 $ 24.9 $ 327.1

46.6% 8.1% 1.5% 20.0%

Fx (66.9) (59.9) (3.0) (0.1) (12.1) (4.1)% (1.9)% 0.2 % 0.1% 0.1 % Impact of acquisition 32.3 13.4 — 0.6 3.9 2.0 % (0.1)% (0.1)% —% (0.1)% Change in Venezuela (8.5) (6.1) (0.2) — (3.5) (0.5)% (0.1)% — % —% (0.1)% Int'l Go-to-Market (14.7) (6.8) (1.1) — (7.4) (0.9)% — % — % —% (0.2)% Organic 60.4 22.6 (25.6) 1.2 24.6 3.7 % (0.3)% (1.8)% —% 0.8 % Other — % — % (0.1)% —% (0.1)%

FY'16 - Adj. GAAP $ 1,634.2 $ 723.3 $ 102.4 $ 26.6 $ 332.6 % of Sales 44.3% 6.3% 1.6% 20.4% Adjustments (2) — (10.9) — — 20.0 FY'16 - GAAP $ 1,634.2 $ 712.4 $ 102.4 $ 26.6 $ 352.6 (1) Fiscal year ended 2015 Gross profit as reported of $756.2 million was adjusted for Spin costs of $0.5 million, Acquisition and integration costs of $0.3 million, $1.1 million of obsolete inventory and $2.0 million for costs related to other projects. SG&A as reported of $426.3 million was adjusted for Spin costs of $97.6 million, Acquisition and integration costs of $1.3 million and IT Enablement costs of $0.3 million.

(2) Fiscal year ended 2016 Gross profit as reported of $712.4 million was adjusted for restructuring related costs of $2.4 million, Spin costs of $0.4 million and the inventory step up of $8.1 million. SG&A as reported of $352.6 million was adjusted for Spin costs of $14.2 million and acquisition and integration costs of $10.0 million

Energizer Holdings, Inc. Supplemental Schedules - EBITDA, ADJUSTED EBITDA and Free Cash Flow

September 30, 2016 (In millions, except per share data - Unaudited)

EBITDA and ADJUSTED EBITDA

Q1'16 Q2'16 Q3'16 Q4'16 FY 2016 FY 2015 Net earnings $ 65.5 $ 16.4 $ 24.2 $ 21.6 $ 127.7 $ (4.0) Income tax provision/(benefit) 29.0 4.6 (0.5) 4.9 38.0 3.3 Earnings before taxes $ 94.5 $ 21.0 $ 23.7 $ 26.5 $ 165.7 $ (0.7) Interest expense 12.9 13.1 13.1 15.2 54.3 77.9 Depreciation & amortization 7.8 7.8 7.8 10.9 34.3 41.8 EBITDA $ 115.2 $ 41.9 $ 44.6 $ 52.6 $ 254.3 $ 119.0

Adjustments: Restructuring 3.3 1.5 0.1 — 4.9 13.0 Inventory step up — — — 8.1 8.1 — Acquisition and integration costs

— — 4.1 5.9 10.0 1.6 Spin costs 6.0 2.7 1.9 (0.2) 10.4 98.1 Spin restructuring 0.9 (0.8) 0.9 4.8 5.8 39.1 Venezuela deconsolidation — — — — — 65.2 Share-based payments 4.6 6.1 4.6 5.1 20.4 11.1 Adjusted EBITDA $ 130.0 $ 51.4 $ 56.2 $ 76.3 $ 313.9 $ 347.1

For the Twelve Months Ended September 30,

2016 Net cash from operating activities $ 190.7 Capital expenditures (28.7) Proceeds from sale of assets 1.5 Free Cash Flow $ 163.5

Energizer Holdings, Inc. Supplemental Schedules - Statement of Earnings Reconciliation For the Quarter and Twelve Months Ended September 30, 2016

(In millions, except per share data - Unaudited) P&L History

Q1'16 Q2'16 Q3'16 Q4'16 Q1'15 Q2'15 Q3'15 Q4'15 2016 2015 Net Sales $ 506.8 $ 334.0 $ 361.0 $ 432.4 $ 501.3 $ 356.9 $ 374.3 $ 399.1 $1,634.2 $1,631.6 Cost of products sold - adjusted 275.9 190.7 207.3 237.0 267.5 188.4 202.4 213.2 910.9 871.5 Gross profit - adjusted 230.9 143.3 153.7 195.4 233.8 168.5 171.9 185.9 723.3 760.1 % of Net Sales 45.6% 42.9% 42.6% 45.2% 46.6% 47.2% 45.9% 46.6% 44.3% 46.6%

SG&A (Segment) 59.2 57.3 57.2 64.4 67.1 59.8 55.9 63.3 238.1 246.1 SG&A (Corporate) 16.6 21.3 19.3 23.6 17.4 15.8 9.8 22.3 80.8 65.3 SG&A (Global Marketing) 1.9 2.6 4.4 4.8 3.5 4.6 4.1 3.5 13.7 15.7 Subtotal - SG&A - adjusted 77.7 81.2 80.9 92.8 88.0 80.2 69.8 89.1 332.6 327.1 % of Net Sales 15.3% 24.3% 22.4% 21.5% 17.6% 22.5% 18.6% 22.3% 20.4% 20.0%

Advertising and sales promotion expense (Segment) 29.8 17.6 22.1 27.5 33.6 28.0 33.3 28.3 97.0 123.2 Advertising and sales promotion expense (Global) 0.3 0.5 0.7 3.9 0.8 1.5 1.8 5.0 5.4 9.1 Subtotal - A&P 30.1 18.1 22.8 31.4 34.4 29.5 35.1 33.3 102.4 132.3 % of Net Sales 5.9% 5.4% 6.3% 7.3% 6.9% 8.3% 9.4% 8.3% 6.3% 8.1%

Research and development expense 6.1 6.4 6.6 7.5 6.2 6.4 6.5 5.8 26.6 24.9 % of Net Sales 1.2% 1.9% 1.8% 1.7% 1.2% 1.8% 1.7% 1.5% 1.6% 1.5%

Amortization expense — — — 2.8 — — — — 2.8 —

Interest Expense 12.9 13.1 13.1 14.0 12.5 15.2 10.8 12.7 53.1 51.2 Cost of debt early retirement — — — — — — 26.7 — — 26.7 Other financing items, net (0.6) 0.1 (0.4) 0.6 (2.8) (3.3) (5.8) (6.5) (0.3) (18.4)

Restructuring 2.2 0.3 — — (9.6) 0.3 18.1 0.8 2.5 9.6 Restructuring (COGS) 1.1 1.2 0.1 — — — 1.1 2.0 2.4 3.1 Restructuring (SG&A) — — — — 0.1 — 0.2 — — 0.3

Inventory step up (COGS) — — — 8.1 — — — — 8.1 —

Acquisition and integration costs (COGS) — — — — — — — 0.3 — 0.3 Acquisition and integration costs (SG&A) — — 4.1 5.9 0.4 0.5 0.4 — 10.0 1.3 Acquisition and integration costs (Interest Expense) — — — 1.2 — — — — 1.2 —

Spin (COGS) — 0.5 (0.1) — — — — 0.5 0.4 0.5 Spin (SG&A) 6.0 2.2 2.0 (0.2) 22.1 23.0 37.8 14.7 10.0 97.6 Spin restructuring 0.9 (0.8) 0.9 4.8 1.1 23.2 11.7 3.1 5.8 39.1

Venezuela deconsolidation — — — — — 65.2 — — — 65.2 Earnings before income taxes 94.5 21.0 23.7 26.5 81.4 (71.7) (40.5) 30.1 165.7 (0.7) Income Taxes 29.0 4.6 (0.5) 4.9 19.7 (2.5) (20.9) 7.0 38.0 3.3 NET EARNINGS/(LOSS) $ 65.5 $ 16.4 $ 24.2 $ 21.6 $ 61.7 $ (69.2) $ (19.6) $ 23.1 $ 127.7 $ (4.0)

Energizer Holdings, Inc. Supplemental Schedules - Statement of Earnings Reconciliation For the Quarter and Twelve Months Ended September 30, 2016

(In millions, except per share data - Unaudited)

Cost of products sold Q1'16 Q2'16 Q3'16 Q4'16 Q1'15 Q2'15 Q3'15 Q4'15 2016 2015

Cost of products sold - adjusted $ 275.9 $ 190.7 $ 207.3 $ 237.0 $ 267.5 $ 188.4 $ 202.4 $ 213.2 $ 910.9 $ 871.5 Restructuring 1.1 1.2 0.1 — — — 1.1 2.0 2.4 3.1

Spin — 0.5 (0.1) — — — — 0.5 0.4 0.5

Acquisition and integration costs — — — — — — — 0.3 — 0.3

Inventory Step Up — — — 8.1 — — — — 8.1 —

Reported Cost of products sold $ 277.0 $ 192.4 $ 207.3 $ 245.1 $ 267.5 $ 188.4 $ 203.5 $ 216.0 $ 921.8 $ 875.4

Reported Gross Profit $ 229.8 $ 141.6 $ 153.7 $ 187.3 $ 233.8 $ 168.5 $ 170.8 $ 183.1 $ 712.4 $ 756.2

Reported % of Net Sales 45.3% 42.4% 42.6% 43.3% 46.6% 47.2% 45.6% 45.9% 43.6% 46.3%

SG&A Q1'16 Q2'16 Q3'16 Q4'16 Q1'15 Q2'15 Q3'15 Q4'15 2016 2015

Segment SG&A $ 59.2 $ 57.3 $ 57.2 $ 64.4 $ 67.1 $ 59.8 $ 55.9 $ 63.3 $ 238.1 $ 246.1

Corporate SG&A 16.6 21.3 19.3 23.6 17.4 15.8 9.8 22.3 80.8 65.3

Global Marketing 1.9 2.6 4.4 4.8 3.5 4.6 4.1 3.5 13.7 15.7

Restructuring — — — — 0.1 — 0.2 — — 0.3

Acquisition and integration costs — — 4.1 5.9 0.4 0.5 0.4 — 10.0 1.3

Spin 6.0 2.2 2.0 (0.2) 22.1 23.0 37.8 14.7 10.0 97.6 Reported SG&A $ 83.7 $ 83.4 $ 87.0 $ 98.5 $ 110.6 $ 103.7 $ 108.2 $ 103.8 $ 352.6 $ 426.3

Restructuring Q1'16 Q2'16 Q3'16 Q4'16 Q1'15 Q2'15 Q3'15 Q4'15 2016 2015

Restructuring $ 2.2 $ 0.3 $ — $ — $ (9.6) $ 0.3 $ 18.1 $ 0.8 $ 2.5 $ 9.6

Restructuring (SG&A) — — — — 0.1 — 0.2 — — 0.3

Restructuring (COGS) 1.1 1.2 0.1 — — — 1.1 2.0 2.4 3.1 Restructuring - subtotal $ 3.3 $ 1.5 $ 0.1 $ — $ (9.5) $ 0.3 $ 19.4 $ 2.8 $ 4.9 $ 13.0

Spin Q1'16 Q2'16 Q3'16 Q4'16 Q1'15 Q2'15 Q3'15 Q4'15 2016 2015

Spin (SG&A) $ 6.0 $ 2.2 $ 2.0 $ (0.2) $ 22.1 $ 23.0 $ 37.8 $ 14.7 $ 10.0 $ 97.6

Spin (COGS) — 0.5 (0.1) — — — — 0.5 0.4 0.5

Spin restructuring 0.9 (0.8) 0.9 4.8 1.1 23.2 11.7 3.1 5.8 39.1 Spin - subtotal $ 6.9 $ 1.9 $ 2.8 $ 4.6 $ 23.2 $ 46.2 $ 49.5 $ 18.3 $ 16.2 $ 137.2

Acquisition and integration Q1'16 Q2'16 Q3'16 Q4'16 Q1'15 Q2'15 Q3'15 Q4'15 2016 2015 Inventory step up (COGS) $ — $ — $ — $ 8.1 $ — $ — $ — $ — $ 8.1 $ — Acquisition and integration costs (COGS) — — — — — — — 0.3 — 0.3 Acquisition and integration costs (SG&A) — — 4.1 5.9 0.4 0.5 0.4 — 10.0 1.3 Acquisition and integration costs (Interest Expense) — — — 1.2 — — — — 1.2 — Acquisition and integration costs- subtotal $ — $ — $ 4.1 $ 15.2 $ 0.4 $ 0.5 $ 0.4 $ 0.3 $ 19.3 $ 1.6