Raymond James

43rd Annual Institutional

Investors Conference

MARCH 2022

Safe Harbor Disclosure

Statement under the Private Securities Litigation Act of 1995: Certain of the statements contained in this presentation, including, but not limited to, information regarding the future economic performance and financial condition of the Company, the plans and objectives of the Company's management, and the Company's assumptions regarding such performance and plans are forward- looking in nature. Actual results could differ materially from the forward-looking information in this presentation due to a variety of factors.

Scotts Miracle-Gro encourages investors to learn more about these risk factors. A detailed explanation of these factors is available in the Company's quarterly and annual reports filed with the Securities and Exchange Commission.

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Why SMG? Off a stronger post-COVID base, opportunities remain to drive long-term growth and shareholder value

Five strategic pillars will drive our efforts in the years ahead

U.S. Core brands

Live Goods

E-Commerce

Hawthorne

Emerging Cannabis

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Revised FY'22 outlook: Hawthorne trends are lagging expectations resulting in revised downward guidance for sales

Hawthorne sales: -15% to -25%

  • Daily sales volume has remained steady since December, but expected seasonal improvement has not materialized as expected; difficult Q3 comps will pose continued headwind
  • Consumables continue to outperform durable products, signaling continued engagement by growers but delayed investment in expansion and facility improvement

U.S. Consumer sales: -2% to +2%

  • POS volume continues to outpace expectations; retail inventory is well-positioned entering critical spring selling season
  • Pricing actions expected to largely offset cost pressures

Revised Non-GAAP Adjusted EPS¹ outlook of at least $8.00

Live goods M&A activity postponed for balance of FY'22

¹Excludes impairment, restructuring and other non-recurring items

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The base business has grown significantly over a 5-year period

Consolidated Net Sales ($ in billions)

$4.9

$4.7

$4.1

$2.7

$3.2

$2.9

$3.2

$3.2

$2.3

$2.1

$1.0

$1.4

$1.1

$0.6

$0.3

2018

2019

2020

2021

2022E

Total Company

US Consumer

Hawthorne

During 2021, the Company changed its internal organization structure such that AeroGrow is now managed by and reported within the U.S. Consumer

segment. AeroGrow was previously managed by and reported within the Hawthorne segment. Fiscal 2020 and 2019 have been reclassified to

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conform with the new organization structure. Years prior to 2019 have not been adjusted.

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The Scotts Miracle-Gro Company published this content on 08 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2022 15:02:52 UTC.