Spectrum continues to
deliver strong growth
through product and
geography expansion,
and smart M&A
6
Consumer Products
Record third quarter financial performance at Spectrum
—Broad-based growth, reflecting contributions from nearly all businesses
9.1% reported revenue growth, despite ongoing F/X headwinds
—3.7% currency-consistent organic revenue growth
—Record results in Home and Garden and Hardware and Home Improvement
18.2% increase in Adjusted EBITDA to $279.2 million
—20.5% Adjusted EBITDA margin, up 160 basis points from 3Q15
—39.0% gross profit margins, up 230 basis points from 3Q15
Continue to expect 7th consecutive year of record financial performance in 2016
—Sales expected to increase in high-single digit range (including acquisitions, partially
offset by negative F/X)
—Reduction of ½ turn in leverage as compared to the start of the fiscal year
—Growth in free cash flow in Fiscal 2016 to between $505-$515 million
We believe Spectrum remains significantly undervalued relative to its Consumer Products
peer group
