Scotts Miracle Gro : Raymond James 43rd Institutional Investors Conference Presentation
March 08, 2022 at 10:03 am EST
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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.
The Scotts Miracle-Gro Company is a manufacturer and marketer of branded consumer products for lawn and garden care. The Company's segments include United States (U.S.) Consumer, Hawthorne and Other. The U.S. Consumer segment consists of its consumer lawn and garden business in the United States. Its consumer lawn and garden brands include Scotts and Turf Builder lawn fertilizer and Scotts grass seed products; Miracle-Gro soil, plant food and gardening products; Ortho herbicide and pesticide products, and Tomcat rodent control and animal repellent products. The Hawthorne segment manufactures, markets and distributes lighting, nutrients, growing media, growing environments and hardware products for indoor and hydroponic gardening in North America. Its brands include General Hydroponics, Gavita, Botanicare, Agrolux, Gro Pro, Mother Earth, Grower's Edge, HydroLogic Purification System and Cyco. The Other segment primarily consists of its consumer lawn and garden business in Canada.