Slides
Page 1
Barclays Global Consumer Staples Conference September 9, 2026 CHURCH & DWIGHT CO., INC.
Page 2
2CHURCH & DWIGHT CO., INC. 22026 BARCLAYS CONFERENCE This presentation contains forward-looking statements, including, among others, statements relating to net sales and earnings growth; the impact of tariffs; gross margin changes; trade and marketing spending; marketing expense as a percentage of net sales; sufficiency of cash flows from operations; earnings per share; the impact of new accounting pronouncements; cost savings programs; recessionary conditions; interest rates; inflation; consumer demand and spending; the effects of competition; the effect of product mix; volume growth, including the effects of new product launches into new and existing categories; the impact of acquisitions; and capital expenditures. Other forward-looking statements in this presentation may be identified by the use of such terms as “may,” “could,” “expect,” “intend,” “believe,” “plan,” “estimate,” “outlook,” “forecast,” “project,” “anticipate,” “to be,” “to make” or other comparable terms. These statements represent the intentions, plans, expectations and beliefs of the Company, and are based on assumptions that the Company believes are reasonable but may prove to be incorrect. In addition, these statements are subject to risks, uncertainties and other factors, many of which are outside the Company’s control and could cause actual results to differ materially from such forward-looking statements. Factors that could cause such differences include a decline in market growth, retailer distribution and consumer demand (as a result of, among other things, political, economic and marketplace conditions and events), including those relating to the outbreak of contagious diseases; the impact of new regulations and legislation and change in regulatory priorities; shifting economic policies in the United States; potential changes in export/import and trade laws, regulations and policies of the United States and other countries, including any increased trade restrictions or tariffs; increased or changing regulation regarding the Company’s products and its suppliers in the United States and other countries where it or its suppliers operate; the impact on the global economy of the Russia/Ukraine war and conflict in the Middle East, including the impact of export controls and other economic sanctions; potential recessionary conditions or economic uncertainty; the impact of continued shifts in consumer behavior, including accelerating shifts to on-line shopping; unanticipated increases in raw material and energy prices, including as a result of the Russia/Ukraine war, conflict in the Middle East or other inflationary pressures; delays and increased costs in manufacturing and distribution; increases in transportation costs; labor shortages; the impact of price increases for our products; the impact of inflationary conditions; the impact of supply chain and labor disruptions; the impact of severe or inclement weather on raw material and transportation costs; adverse developments affecting the financial condition of major customers and suppliers; competition; changes in marketing and promotional spending; growth or declines in various product categories and the impact of customer actions in response to changes in consumer demand and the economy, including increasing shelf space or on-line share of private label and retailer-branded products or other changes in the retail environment; impairment charges or other negative impacts to the value of the Company’s assets; consumer and competitor reaction to, and customer acceptance of, new product introductions and features; our ability to complete the announced strategic alternatives for certain of our businesses and realize the intended benefits; the risk that the announcement of strategic alternatives could have an adverse effect on the Company; the Company’s ability to maintain product quality and characteristics at a level acceptable to our customers and consumers; disruptions in the banking system and financial markets; the Company’s borrowing capacity and ability to finance its operations and potential acquisitions; higher interest rates; foreign currency exchange rate fluctuations; market volatility; issues relating to the Company’s information technology and controls; the impact of natural disasters, including those related to climate change, on the Company and its customers and suppliers, including third party information technology service providers; integrations of acquisitions or divestiture of assets; the outcome of contingencies, including litigation, pending regulatory proceedings and environmental matters; and changes in the regulatory environment in the countries where we do business. For a description of additional factors that could cause actual results to differ materially from the forward-looking statements, please see Item 1A, “Risk Factors” in the Company’s annual report on Form 10-K and quarterly reports on Form 10-Q. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by the U.S. federal securities laws. You are advised, however, to consult any further disclosures the Company makes on related subjects in its filings with the United States Securities and Exchange Commission. This presentation also contains non-GAAP financial information. Management uses this information in its internal analysis of results and believes that this information may be informative to investors in gauging the quality of the Company’s financial performance, identifying trends in its results and providing meaningful period-to-period comparisons. The Company has included reconciliations of these non-GAAP financial measures to the most directly comparable financial measure calculated in accordance with GAAP. See the end of this presentation for these reconciliations. These non- GAAP financial measures should not be considered in isolation or as a substitute for the comparable GAAP measures. In addition, these non-GAAP financial measures may not be the same as similar measures provided by other companies due to potential differences in methods of calculation and items being excluded. They should be read in connection with the Company’s financial statements presented in accordance with GAAP. SAFE HARBOR STATEMENT
Page 3
C H U R C H & D W I G H T C O . , I N C . Who We Are
Page 4
4CHURCH & DWIGHT CO., INC. 42026 BARCLAYS CONFERENCE Evergreen Model Organic Sales +4% Gross Margin +25 to +50 bps Marketing ~11% SG&A -25 to 0 bps Operating Margin +50 bps Adjusted EPS Growth +8% Domestic: 3% International: 8% SPD: 5%
Page 5
5CHURCH & DWIGHT CO., INC. 52026 BARCLAYS CONFERENCE Strong TSR Performance Among Peers 10 YEAR 8.5% 5 YEAR 0.4% 3 YEAR 2.5% 2025 -18.9% * TSR as of 09.04.26. Ranked among peers consisting of Newell Brands, Edgewell, Clorox, Colgate, Energizer, Reckitt, P&G, Unilever and Kimberly Clark 2026 YTD* 17.5% #2 #3 #2 #5 #3Rank*
Page 6
6CHURCH & DWIGHT CO., INC. 62026 BARCLAYS CONFERENCE Unique Combination of Organic Growth and M&A $0 $200 $400 $600 $800 $1,000 $1,200 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E FCF ($MM) $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E Net Sales ($MM) $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E EPS 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E Organic Sales 2003 - 2025 CAGR: 9.2% 2003 - 2025 CAGR: 11.6% 2007 - 2025 CAGR: 4.1% 2003 - 2025 CAGR: 11.9% Organic sales, Free cash flow and adjusted EPS are non-GAAP measures. Refer to the Appendix for a reconciliation to the most directly comparable GAAP measures.
Page 7
7CHURCH & DWIGHT CO., INC. 72026 BARCLAYS CONFERENCE 77% Domestic Church & Dwight’s Business Segments 18% 5% International Specialty Products Division 2025 Total Company Net Sales: $6.2B
Page 8
POWER BRANDS
Page 9
more than of sales & profits are represented by these 75% 7 POWER BRANDS
Page 10
10CHURCH & DWIGHT CO., INC. 102026 BARCLAYS CONFERENCE We Have a Winning Formula A Balanced and Diversified Portfolio 1 Low Private Label Exposure 2 Online Success 3 Strong, Consistent, Category Leading Innovation 4 Acquisitive Company 5
Page 11
11CHURCH & DWIGHT CO., INC. 112026 BARCLAYS CONFERENCE 45% Personal Care 2025 5% 50% SPD Household 1. A Balanced and Diversified Portfolio
Page 12
122026 BARCLAYS CONFERENCE CHURCH & DWIGHT CO., INC. 12 66% 34% Value Product Portfolio of Both Value and Premium Products 2025 Premium
Page 13
13CHURCH & DWIGHT CO., INC. 132026 BARCLAYS CONFERENCE 0% 5% 10% 15% 2020 2021 2022 2023 2024 2025 2026E Weighted Average Private Label Share of Our Categories Source: Circana; Total US – MULO+. 2. Low Private Label Exposure
Page 14
14CHURCH & DWIGHT CO., INC. 142026 BARCLAYS CONFERENCE 2% 25% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E % of Global Church & Dwight Consumer Net Sales 3. Online Success
Page 15
15CHURCH & DWIGHT CO., INC. 152026 BARCLAYS CONFERENCE 4. Strong, Consistent, Category Leading Innovation TheraBreath Toothpaste Trojan G.O.A.T. A&H Power sheets plus OxiClean Hero Invisible Liquid Patch A&H Baking Soda Fresh Laundry Detergent OxiClean Max Force Hero Cleansers A&H Odor Blasters Deep Rinse & Revitalize A&H Dual Defense New Products Fuel the Company’s Organic Growth Each Year
Page 16
16CHURCH & DWIGHT CO., INC. 162026 BARCLAYS CONFERENCE Primarily #1 or #2 share brands High growth and high margin brands that are fast moving consumables Asset light Leverage Church & Dwight manufacturing, logistics and purchasing Deliver sustainable competitive advantage 5. Acquisitive Company We Have Clear Acquisition Criteria
Page 17
172026 BARCLAYS CONFERENCE CHURCH & DWIGHT CO., INC. 17 $1.5 $2.9 $3.2 $5.2 $5.4 ~$6.3 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E Note: Trojan, Nair and First Response acquired in two parts – 2001 and 2004. Net Sales ($B) Long History of Growth Through Acquisitions v v +$1.4B growth +$2.0B growth
Page 18
C H U R C H & D W I G H T C O . , I N C . Acquisition Update
Page 19
2026 BARCLAYS CONFERENCE CHURCH & DWIGHT CO., INC. 19
Page 20
202026 BARCLAYS CONFERENCE CHURCH & DWIGHT CO., INC. 20 product portfolio Spray Refills Pens Wipes Shoe Cleaner Laundry Detergent Miss Mouth’s Safer ChoiceTM Certification, Efficacy, and Convenient Formats Resonate with Modern Consumers
Page 21
21CHURCH & DWIGHT CO., INC. 212026 BARCLAYS CONFERENCE Miss Mouth’s Has Significant Room to Grow % Chg v YA +528.1% +20.1% Total Points of Distribution Household Penetration 2022 44.6% 22% 0.5% 2023 45.5% 21.1% 0.9% 2024 48.1% 23.3% 1.3% 2025 49.5% 23.8% 1.9% 2026 50.1% 24.3% 2.5% Stain Fighters 168 1,314 Stain Fighters
Page 22
222026 BARCLAYS CONFERENCE CHURCH & DWIGHT CO., INC. 22 Source: Circana: Total US – Multi Outlet+; 26 we 6/28/2026 Category is Growing, Miss Mouth’s is Exploding STAIN FIGHTERS CATEGORY $ Consumption Chg vs. YAG 2026 YTD 9.8% 51.4%
Page 23
23CHURCH & DWIGHT CO., INC. 232026 BARCLAYS CONFERENCE 1st Retailer 1st Retailer 2nd Retailer 3rd Retailer L4 WE 08-31-25 L4 WE 07-26-26 Miss Mouth Has Been Highly Incremental Since Entering Brick & Mortar
Page 24
24CHURCH & DWIGHT CO., INC. 242026 BARCLAYS CONFERENCE The Hype is Real: Consumers & Creators Love Miss Mouth's VIDEO Miss Mouth’s social media clip
Page 25
C H U R C H & D W I G H T C O . , I N C . Growth Initiatives
Page 26
26CHURCH & DWIGHT CO., INC. 262026 BARCLAYS CONFERENCE Q2 2026 US Category Growth Trends CHD U.S. Measured Channel Category Growth Slowed In 2025 2.7% 2.5% ~3.5% ~2.7% 1H 2025 2H 2025 Q1 Avg 2026 Q2 Avg 2026 Source: Circana; Total US – MULO+ 6.28.26 3.0% historical average
Page 27
27CHURCH & DWIGHT CO., INC. 272026 BARCLAYS CONFERENCE 40 45 50 55 60 65 70 75 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Michigan Consumer Sentiment Index (Jan 2025 – present) 2026 Consumer Sentiment Continues to Be Weak • Consumer sentiment has rebounded from its May low but remains well below 2025 levels. • Middle East conflict, inflation and tariff concerns remain key headwinds to consumer confidence. 2025 2026
Page 28
28CHURCH & DWIGHT CO., INC. 282026 BARCLAYS CONFERENCE We Are Focused on Our 2030 Growth Initiatives Grow Arm & Hammer from $2B to $3B of Net Sales (Core Growth, Good· Better· Best, In-house Licenses, New Categories) Drive Oral Care Expansion Through TheraBreath from $1.0B to $1.5B Scale International Business & Invest to Drive Accelerated Growth with Focus on M&A from $1B to $2B
Page 29
29CHURCH & DWIGHT CO., INC. 292026 BARCLAYS CONFERENCE $1.0 ~$6.3 2000 2004 2005 2006 2008 2010 2011 2012 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E Net Sales $ Billions A Proven Track Record — and Room to Grow the Core Note: Trojan, Nair and First Response acquired in two parts – 2001 and 2004. Acquisitions
Page 30
30CHURCH & DWIGHT CO., INC. 302026 BARCLAYS CONFERENCE Grow Arm & Hammer from $2B to $3B of Net Sales: Arm & Hammer Brings Many Reasons to Believe Proven that the A&H Equity can go Across Categories $11,624 $6,102 $4,793 $3,069 $269 Laundry Deodorant Toothpaste Clumping Litter Baking Soda 11.6% 0.8% 2.8% 23.4% 78.0% A&H Market Share 99% 98% 96% 94% 93% M… Ni… Cl… D… A… Brand Awareness Category A&H Launch Year Baking Soda 1846 Laundry 1970 Toothpaste 1987 Deodorant 1990 Litter 1992 Proven Ability to Win in Large Categories A&H Masterbrand has Strong Equity with Consumers A&H Category Size ($MM) Source: Circana Mulo+ L52W as of 12.28.25. A&H Advertising Halo Effect
Page 31
cooking & baking cleaning laundry deodorizing & refreshing personal care health & home remedies pet deodorization Arm & Hammer is ALREADY a Brand that Goes Across Categories household value premium
Page 32
32CHURCH & DWIGHT CO., INC. 322026 BARCLAYS CONFERENCE Grow Arm & Hammer from $2B to $3B of Net Sales Progress Underway Across All Four Opportunity Areas 1. Grow the Core 2. Good· Better· Best 3. New Categories 4. In-House Licensed Brands Good Better Best Laundry LLD Laundry UD Sheets Scent Booser Laundry Rinse Clumping Litter Cat Additives Carpet Deo Baking Soda Toothpaste ? ? ? ?
Page 33
33CHURCH & DWIGHT CO., INC. 332026 BARCLAYS CONFERENCE The Most Common Uses of Baking Soda 42% 36% 32% 30% 29% 29% 28% 26% 24% 24% Mixing with vinegar for cleaning Deodorizing drains Bathtub and bathroom sink cleaning Deodorizing laundry Deodorizing trash cans Whitening/brightening laundry Toilet cleaning Cleaning hard surfaces around the house Removing stains from laundry Deodorizing carpet
Page 34
34CHURCH & DWIGHT CO., INC. 342026 BARCLAYS CONFERENCE Emerging View of A&H Overall Demand Space Opportunities 3 independent analyses with one question: Where do we play next?
Page 35
Drive Oral Care Expansion Through TheraBreath
Page 36
36CHURCH & DWIGHT CO., INC. 362026 BARCLAYS CONFERENCE Room To Run In Rinse Sources: L: Circana; Total US – Multi Outlet+ YTD WE 12.21.25; R: Numerator Insights; *12ME 11.30.25, Rolling Average Weekly TDP% Chg vs YA 3.9% -5.6% 34.3% 1.3x 1.8x Average Weekly TDP Mouthwash Category 2020 67.2% 2.7% 2021 65.9% 3.3% 2022 64.2% 4.7% 2023 64.1% 7.7% 2024 65.6% 10.3% 2025* 65.4% 12.5% Household Penetration
Page 37
37CHURCH & DWIGHT CO., INC. 372026 BARCLAYS CONFERENCE As We Grow, We Will Focus Our Resources on Large Categories that Can Accelerate Our Growth Detergent Scent Booster Litter Source: Circana Mulo+ L52W as of 12.28.25. Dental Care $11,624 $3,107 $884 $1,227 $577 $2,202 $627 $2,362 $4,793 Laundry Clumping Litter Stain Fighters Power Flossing Dry Shampoo Acne Care Hand Sanitizer Mouthwash Toothpaste Power Brand Category Size ($MM) Church & Dwight Key Brands
Page 38
38CHURCH & DWIGHT CO., INC. 382026 BARCLAYS CONFERENCE Drive TheraBreath Oral Care Expansion by Expanding into Toothpaste ($4.8B Category) 36.5% 27.7% 21.2% ~1.0% Toothpaste Market Share
Page 39
International Growth with Focus on M&A
Page 40
40CHURCH & DWIGHT CO., INC. 402026 BARCLAYS CONFERENCE 8.1% 10.0% 7.8% 7.8% 9.2% 8.6% 5.0% 2.8% 8.5% 9.0% 5.5% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 International Consumer Organic Sales Organic sales growth is a non-GAAP measure. Refer to the Appendix for a reconciliation to the most directly comparable GAAP measure.
Page 41
41CHURCH & DWIGHT CO., INC. 412026 BARCLAYS CONFERENCE Track Record of Success Growing Acquired Brands ~3x $86 LTM Sales @ Acquisition 2025 ~4x ??? Sales ($MM) Sales ($MM) Sales ($MM) Sales ($MM) $80 LTM Sales @ Acquisition 2030 PROVEN TRACK RECORD NEXT GROWTH OPPORTUNITIES $115 LTM Sales @ Acquisition 2025 ??? $130 LTM Sales @ Acquisition 2030
Page 42
42CHURCH & DWIGHT CO., INC. 422026 BARCLAYS CONFERENCE International M&A Pipeline is Strong; Management is Engaged Active in International Deal Flow Internal Management Review & Financial Filter Conduct Diligence Acquire Business Reviewed 120+ businesses across Europe & Asia • Search for international M&A targets is proactive • End to end process owned by Management team
Page 43
C H U R C H & D W I G H T C O . , I N C . Categories & Brands
Page 44
44CHURCH & DWIGHT CO., INC. 442026 BARCLAYS CONFERENCE International8% US Domestic Sales Evergreen Target: +3% 4% 3% United States Specialty Products5%
Page 45
45CHURCH & DWIGHT CO., INC. 452026 BARCLAYS CONFERENCE Our Seven Power Brands Fuel Our Growth More than 75% of net sales and profits
Page 46
46CHURCH & DWIGHT CO., INC. 462026 BARCLAYS CONFERENCE We Play in Healthy, Growing Categories Source: Circana; Total US – MULO+; YTD 2026 data through 6.28.26 2021 2022 2023 2024 2025 2026 YTD Laundry Clumping Litter Stain Fighters Dry Shampoo Power Flossing Mouthwash Acne 2026 YTD weighted average: ~3.0%
Page 47
47CHURCH & DWIGHT CO., INC. 472026 BARCLAYS CONFERENCE Building on 2025 Momentum: Growing Volume, Winning The Shelf Volume Growth Trend YTD TDP Growth (CHD vs. Peers) -0.3% 2.0% 4.8% 1H 25 2H 25 1H 26 23.9% 12.8% 7.7% 7.5% 7.0% 6.8% 6.4% 6.3% 5.2% 5.0% GRUPO BIMBO CHURCH & DWIGHT CLOROX UNILEVER PROCTOR & GAMBLE COLGATE PALMOLIVE HERSEY TYSON FOODS KOCH IND MARS INC #2 Circana, Total US MULO +, L26W ending 6/28/26 *Top CPG Companies Ranker Data Report
Page 48
48CHURCH & DWIGHT CO., INC. 482026 BARCLAYS CONFERENCE 19 /20 of our top customers are flat or growing versus a year ago 95% posting flat-to-positive sales Growing vs. year ago Flat / below year ago *Customer Profitability, YTD thru June C U S T O M E R M O M E N T U M We are Growing Sales at 19 of our Top 20 Customers
Page 49
2026 BARCLAYS CONFERENCE CHURCH & DWIGHT CO., INC. 49 Fabric Care
Page 50
502026 BARCLAYS CONFERENCE CHURCH & DWIGHT CO., INC. 50 Source: Circana; Total US – Multi Outlet+; 1H 2026 = L26WE 06.28.26 2.4% 1H 2026 Total Laundry Detergent $ % Chg vs. YAG 1H 2026 LAUNDRY CATEGORY 2.5% 1H 2026
Page 51
51CHURCH & DWIGHT CO., INC. 512026 BARCLAYS CONFERENCE A&H Laundry Winning Despite Heavy Competitive Promo 2.4% +1.6 2.5% -1.9 % Dollar Sales Chg % Sold on Deal Pt Chg Total Laundry Detergent A&H Laundry Source: Circana MULO+, Laundry Detergent, 26WE 6/28/2026 Dollar Sales % Change vs. % Sold on Deal Change 1H 2026
Page 52
52CHURCH & DWIGHT CO., INC. 522026 BARCLAYS CONFERENCE 5.0% 14.5% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 YTD Arm & Hammer Laundry: Converting and Retaining Consumers Over the Long Term Source: Circana: Total US – Multi Outlet; 2026 = L26WE 06.28.26 Liquid Laundry Dollar Share 2006 – YTD 2026
Page 53
53CHURCH & DWIGHT CO., INC. Arm & Hammer remains #1 in Washloads 18.1 18.7 19.4 19.8 20.1 20.0 20.6 20.4 20.2 20.5 20.0 19.8 CY 2021 CY 2022 CY 2023 CY 2024 CY 2025 1H 2026 Annual Washload Volume Share Source: Circana Scan Data, MULO+, CY2021-2025 + 26 WE 6/28/2026, WASHLOAD Volume Sales original Tide Primary CompetitorA&H LLD
Page 54
54CHURCH & DWIGHT CO., INC. 542026 BARCLAYS CONFERENCE Arm & Hammer Laundry Architecture Good, Better, Best Good Better Best
Page 55
2026 BARCLAYS CONFERENCE CHURCH & DWIGHT CO., INC. 55 Cat Litter
Page 56
562026 BARCLAYS CONFERENCE CHURCH & DWIGHT CO., INC. 56 Source: Circana; Total US – Multi Outlet+ LITTER CATEGORY Clumping Litter $ % Chg vs. YAG 2026 4.8% 1H 2026 7.2% 1H 2026
Page 57
57CHURCH & DWIGHT CO., INC. Lightweight Fair Share is a $75MM Significant Opportunity 4.4% 8.5% Lightweight 2023 Lightweight 1H 2026Source: Numerator, Circana: Total US – Multi Outlet + (Inc Pet) 26 WE 6/28/2026 A&H Share Of Clumping Litter Segment 27.5% Traditional Weight 1H 2026 A&H HardBall has a 49% repeat rate,15pp higher vs category average
Page 58
2026 BARCLAYS CONFERENCE CHURCH & DWIGHT CO., INC. 58
Page 59
592026 BARCLAYS CONFERENCE CHURCH & DWIGHT CO., INC. 59 Source: Circana; Total US – Multi Outlet+; 26 we 6/28/2026 1.3% TheraBreath is Strongly Outpacing Category $ Consumption Chg vs. YAG 1H 2026 MOUTHWASH CATEGORY 20.8%
Page 60
All Time Share High Achieved in 2026 5.9% 24.7% 2021 2022 2023 2024 2025 1H 2026 Source: Circana: Total US – Multi Outlet+; Total Mouthwash. 1H 2026 = 26 we 6/28/2026 Total Mouthwash Dollar Share 2021 – 1H 2026 No2 M OUT H W ASH
Page 61
61CHURCH & DWIGHT CO., INC. 612026 BARCLAYS CONFERENCE #10 Brand rank in toothpaste Out of 71 brands tracked by Circana 65% of Category growth is driven by TheraBreath TheraBreath Toothpaste: A Breakout Launch Broad retailer acceptance, share gains, and category-leading consumer ratings 4.6 / 5 Average consumer rating vs. 4.5 category benchmark
Page 62
2026 BARCLAYS CONFERENCE CHURCH & DWIGHT CO., INC. 62
Page 63
632026 BARCLAYS CONFERENCE CHURCH & DWIGHT CO., INC. 63 Source: Circana: Total US – Multi Outlet+; 26 we 6/28/2026 5.1% 4.8% Total Acne Care Is Growing, Driven by Patches $ Consumption Chg vs. YAG 1H 2026 ACNE CATEGORY
Page 64
64CHURCH & DWIGHT CO., INC. 642026 BARCLAYS CONFERENCE Blackheads, Clogged Pores, Oil Buildup First Signs/ Early Pimples Whiteheads Pimple Aftermath Scarring & Texture Growth Potential Across The Acne Life Cycle
Page 65
65CHURCH & DWIGHT CO., INC. 652026 BARCLAYS CONFERENCE Sources: L: Circana: Total US – Multi Outlet+ L26 WE 6/28/2026; Numerator Insights; *12ME 8/1/2026 Rolling Average Weekly TDP Household Penetration Average Weekly TPD % Chg vs YA +3.4% 20.4% -13.9% 2.1x Acne Treatment Category 2021 21.8% 3.1% 2022 21.7% 4.7% 2023 23.9% 7.3% 2024 25.5% 8.7% 2025 28.8% 9.0% 2026* 29.8% 9.9% Hero Still Has A Lot Of Room To Run
Page 66
2026 BARCLAYS CONFERENCE CHURCH & DWIGHT CO., INC. 66
Page 67
67CHURCH & DWIGHT CO., INC. 672026 BARCLAYS CONFERENCE Building a premium global brand — significant U.S. runway plus rapid international rollout U.S. GROWTH RUNWAY GLOBAL EXPANSION TODAY Canada & UAE Successfully launched 2026 UK · China · Australia Launches underway EARLY 2027 20+ countries Global premium rollout PREMIUM INNOVATION & CULTURALLY-RELEVANT COLLABORATIONS 2026 BARCLAYS CONFERENCE CHURCH & DWIGHT CO., INC. 40 #1 Premium hand sanitizer brand 6.1% Household penetration vs. 45.8% category 23% Aided brand awareness +41.7% TDP growth Significant awareness and household penetration headroom, supported by rapid distribution expansion Touchland Runway Is Significant
Page 68
C H U R C H & D W I G H T C O . , I N C . New Product Innovation
Page 69
69CHURCH & DWIGHT CO., INC. 692026 BARCLAYS CONFERENCE Continued New Product Success from our UNIQUE, Integrated Innovation Source Strategies Five Paths to Innovation Connect Diverse Competencies New Sources contribute more than 50% Pipeline
Page 70
70CHURCH & DWIGHT CO., INC. 702026 BARCLAYS CONFERENCE 2026 is Another Strong Innovation Year Driving High Incremental Net Sales Incremental Net Sales as a % of Sales Accelerating INS 1.5% - 2.0% (historically 1.0% - 1.5%) Pre-2023 2024+ 1.0% - 1.5% 1.5% - 2.0% 50% of organic growth
Page 71
71CHURCH & DWIGHT CO., INC. 712026 BARCLAYS CONFERENCE New Product Innovation TheraBreath Toothpaste Trojan G.O.A.T. A&H Power sheets plus OxiClean Hero Invisible Liquid Patch A&H Baking Soda Fresh Laundry Detergent OxiClean Max Force Hero Cleansers A&H Odor Blasters Deep Rinse & Revitalize A&H Dual Defense
Page 72
C H U R C H & D W I G H T C O . , I N C . International & SPD
Page 73
73CHURCH & DWIGHT CO., INC. 732026 BARCLAYS CONFERENCE International8% International Organic Sales Evergreen Target: +8% 4% 3% United States Specialty Products5%
Page 74
74CHURCH & DWIGHT CO., INC. 742026 BARCLAYS CONFERENCE International Sales Mix 2025 International Net Sales: $1.1B 4% Germany 33% 26% Canada Global Markets Group 6% France 8% Mexico 7% Australia 12% UK 4% Japan • 7 core subsidiaries • ~400 distributors • 100+ countries • 5 regional offices
Page 75
75CHURCH & DWIGHT CO., INC. 752026 BARCLAYS CONFERENCE 8.1% 10.0% 7.8% 7.8% 9.2% 8.6% 5.0% 2.8% 8.5% 9.0% 5.5% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 International Consumer Organic Sales Organic sales growth is a non-GAAP measure. Refer to the Appendix for a reconciliation to the most directly comparable GAAP measure.
Page 76
76CHURCH & DWIGHT CO., INC. 762026 BARCLAYS CONFERENCE Geographic Expansion….International Runway Ahead
Page 77
77CHURCH & DWIGHT CO., INC. 772026 BARCLAYS CONFERENCE International OTC & Personal Care Brands Consumers Love that Travel the Globe Acquisition Rapid Global Expansion U.S. Brand and Leveraging NPD
Page 78
• Distributed in more than 75 countries in 2025 • #1 acne patch brand in 6 core subsidiary markets
Page 79
792026 BARCLAYS CONFERENCE CHURCH & DWIGHT CO., INC. 79 Domestically Loved, Internationally Desired. Next in Line for Global Expansion
Page 80
80CHURCH & DWIGHT CO., INC. 802026 BARCLAYS CONFERENCE Local Consumer Insights and Regionally Led Innovation JAPAN: New Liquid formulation and formats launched in 2024 and will extend to other liquid focused markets. CHINA & JAPAN: Harmonized relaunch to compete more effectively with softer fragrance, smaller size, less intense spray speed, and less white residue.
Page 81
81CHURCH & DWIGHT CO., INC. 812026 BARCLAYS CONFERENCE 4% International8% SPD Organic Sales Evergreen Target: +5% 3% United States Specialty Products5%
Page 82
82CHURCH & DWIGHT CO., INC. 822026 BARCLAYS CONFERENCE Specialty Products Division (SPD) 2025 SPD Net Sales: $300MM 60% 34% Specialty Chemicals Animal Nutrition 6% Commercial & Professional (B2B)
Page 83
83CHURCH & DWIGHT CO., INC. 832026 BARCLAYS CONFERENCE 5.3% -3.4% -3.3% 0.4% 12.0% 3.7% -7.9% 7.2% 3.9% 7.5% 9.7% 3.2% 0.1% 4.1% 1.4% 3.1% 2.8% 2017 2018 2019 2020 2021 2022 2023 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 SPD Organic Sales 2024 2025 2026 CYCLICAL 10 QUARTERS OF GROWTH
Page 84
C H U R C H & D W I G H T C O . , I N C . How We Operate
Page 85
85CHURCH & DWIGHT CO., INC. 852026 BARCLAYS CONFERENCE We Have Five Operating Principles Leverage Assets We strive to be asset light Leverage Brands Brands consumers love around the world Friend of the Environment Long history of being a friend to the environment Leverage People Highly productive people in a place where people matter Leverage Acquisitions Good shareholder returns become great shareholder returns Enabled with AI
Page 86
86CHURCH & DWIGHT CO., INC. 862026 BARCLAYS CONFERENCE Digital Ability & Agility – AI Value Creation Training Our Global Team Revenue Growth Management Marketing Creation Research & Development Formal Training Premium Tool Access for All Operations & Supply Chain Capability Building Latest Model Algorithms Faster & Better Insights Growth & Margins Rapid Content Creation Enhanced Brand Support Our Ability to Deliver Faster Solutions to the Consumer Automation Enhanced Planning Capability Creativity & Scale Speed Cost & Service
Page 87
C H U R C H & D W I G H T C O . , I N C . Financials
Page 88
88CHURCH & DWIGHT CO., INC. 882026 BARCLAYS CONFERENCE Evergreen Model Organic Sales +4% Gross Margin +25 to +50 bps Marketing ~11% SG&A -25 to 0 bps Operating Margin +50 bps Adjusted EPS Growth +8% Domestic: 3% International: 8% SPD: 5% The Evergreen Model Continues to Serve as the Foundation of Our Business
Page 89
89CHURCH & DWIGHT CO., INC. 892026 BARCLAYS CONFERENCE Organic Sales Growth Results & 2026 Outlook Evergreen Target: 4.0% 3.2% 2.7% 4.3% 4.4% 9.6% 4.3% 1.4% 5.3% 4.6% 0.7% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E Organic sales is a non-GAAP measure. Refer to the Appendix for a reconciliation to the most directly comparable GAAP measures. 10-year average: 4.1% 4% - 5% Our 10-Year Organic Growth Scorecard Reflects Sustained Evergreen Execution
Page 90
90CHURCH & DWIGHT CO., INC. 902026 BARCLAYS CONFERENCE Volume Sales Growth Results & 2026 Outlook 3.4% 5.0% 3.7% 1.0% 8.1% 1.0% -5.1% 0.9% 3.3% 0.8% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E Our 10-Year Organic Growth Performance is Fueled By Volume Growth 3% - 4% Outlook as of July 31, 2026
Page 91
91CHURCH & DWIGHT CO., INC. 912026 BARCLAYS CONFERENCE Adjusted Gross Margin Results & 2026 Outlook Evergreen Target: +25 to +50 bps 45.5% 45.2% 43.6% 41.9% 44.1% 45.2% 45.2% 2019 2020 2021 2022 2023 2024 2025 2026E +100 to 120 bps Outlook as of July 31, 2026 Our Evergreen Focus On Gross Margins Has Protected/Expanded Margins
Page 92
92CHURCH & DWIGHT CO., INC. 922026 BARCLAYS CONFERENCE Gross Margin Growth Drivers A Cross-Functional Focus on Delivering Evergreen Gross Margin Expansion Good to Great Productivity & Supply Chain OptimizationGood to Great Productivity & Supply Chain Optimization New Product InnovationNew Product Innovation Acquisition Growth & SynergiesAcquisition Growth & Synergies Revenue Growth ManagementRevenue Growth Management Incentive PlansIncentive Plans Evergreen Target +25 to +50 bps Evergreen Target +25 to +50 bps
Page 93
93CHURCH & DWIGHT CO., INC. 932026 BARCLAYS CONFERENCE Marketing Investment Summary & 2026 Outlook Evergreen Target: ~11% 11.7% 11.8% 12.1% 11.1% 10.0% 10.9% 11.4% 11.4% 2018 2019 2020 2021 2022 2023 2024 2025 2026E ~11% We Fuel Our Brands With A Significant & Steady Commitment to Marketing Growing Categories
Page 94
94CHURCH & DWIGHT CO., INC. 942026 BARCLAYS CONFERENCE SG&A Investment Summary & 2026 Outlook Evergreen Target: -25 to 0 bps Note: Adjusted SG&A is a non-GAAP measure. Refer to the Appendix for a reconciliation to the most comparable GAAP measures. 14.1% 13.6% 13.0% 14.7% 14.9% 14.9% 2020 2021 2022 2023 2024 2025 2026E Higher Business Exits + Touchland & Miss Mouth We Continue To Invest In Growth & Drive Leverage Opportunities
Page 95
95CHURCH & DWIGHT CO., INC. 952026 BARCLAYS CONFERENCE $1.77 $1.94 $2.27 $2.47 $2.83 $3.02 $2.97 $3.17 $3.44 $3.53 $3.78 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E Note: Adjusted EPS growth is a non-GAAP measure. Refer to the Appendix for a reconciliation to the most comparable GAAP measures. Outlook as of July 31, 2026. 9.6% 17.0% 8.8% 14.6% -1.7%6.7% 8.5%6.7% 2.6% 6% - 8% 10-year average: +8% Our 10-Year EPS Growth Scorecard Reflects Sustained Evergreen Execution Adjusted EPS Results & 2026 Outlook Evergreen Target: +8% 9.3%
Page 96
96CHURCH & DWIGHT CO., INC. 962026 BARCLAYS CONFERENCE 2026 Financial Outlook as of July 31, 2026 Organic Sales Growth +4% to +5% Adjusted Gross Margin +100 to 120 bps Marketing % ~11% Adjusted SG&A Higher Effective Tax Rate ~21.0% Adjusted EPS Growth +6% to +8% Cash from Operations ~1.175B 2026 Financial Outlook of ~4% to 5% Organic Growth & 6% to 8% Adjusted EPS Growth Outlook as of July 31, 2026
Page 97
97CHURCH & DWIGHT CO., INC. 972026 BARCLAYS CONFERENCE Free Cash Flow Conversion Summary & 2026 Outlook 129% 131% 126% 123% 126% 125% 116% 97% 103% 115% 127% ~115% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E Refer to the Appendix for a reconciliation to the most directly comparable GAAP measures. We Have Delivered “Best In Class” FCF Conversion Average of 119%
Page 98
98CHURCH & DWIGHT CO., INC. 982026 BARCLAYS CONFERENCE Total Debt/Bank EBITDA Summary & 2026 Outlook Our Strong Balance Sheet Provides Us Tremendous Flexibility 1.6x 0.7x 0.5x 1.4x 1.2x 1.5x 1.4x 1.4x 2.6x 2.2x 1.9x 1.7x 1.9x 2.1x 1.8x 1.5x 1.6x 1.5x 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E Note: Total debt/EBITA is a non-GAAP measure. Refer to the Appendix for a reconciliation to the most comparable GAAP measures. Credit Rating: A2 | BBB+ Moody’s S&P
Page 99
99CHURCH & DWIGHT CO., INC. 992026 BARCLAYS CONFERENCE $2,205 $5,000 $500 Current Debt Outstanding Leverage Capacity Cash & Cash Equivalents • TTM Bank EBITDA = $1,495M • Example: Acquisition EBITDA multiple of 12x Financial Capacity Summary ($MM) Acquisition Power: ~$5.5B As We Look Forward, We Have Extensive Financial Capacity
Page 100
100CHURCH & DWIGHT CO., INC. 1002026 BARCLAYS CONFERENCE Prioritized Uses of Free Cash Flow 1 Invest in TSR Accretive M&A 2 Business Capex for Organic Growth & G2G Productivity 3 New Product Development 4 Debt Reduction 5 Return of Cash to Shareholders
Page 101
101CHURCH & DWIGHT CO., INC. 1012026 BARCLAYS CONFERENCE Dividend Track Record Summary +35% $0.76 $0.87 $0.91 $0.96 $1.01 $1.05 $1.09 $1.13 $1.18 $1.23* 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 +14.5% +5.2%+5.5%+7.0% +4.6% +4.0% +4.0% +4.0% +4.0% * Annualized based on dividend declared in Q1 2026 +4.2% 125 Consecutive years of dividends 30 Consecutive years of increases +4.2% 2026 dividend increase
Page 102
102CHURCH & DWIGHT CO., INC. 1022026 BARCLAYS CONFERENCE Our Innovation Engine Remains a Key Driver of Success The International Business Continues to Grow and Represents a Large Opportunity Balance Sheet Provides Tremendous Capital Allocation Flexibility Our Strategy Provides Us the Confidence to Deliver Evergreen Model Results A Strong & Growing Brand portfolio in a Proven Set of Categories Steady, Sustained Share Gains Now Enhanced by Growth Initiatives Therabreath, Hero, Touchland & Miss Mouth Continue to Enhance Growth Online Channel Delivering Steady Growth Globally We Continue to Have Confidence In Our Future
Page 103
C H U R C H & D W I G H T C O . , I N C . Q&A
Page 104
Reconciliations www.churchdwight.com
Page 105
105CHURCH & DWIGHT CO., INC. 1052026 BARCLAYS CONFERENCE Church & Dwight Co., Inc.’s Reconciliation of Non-GAAP Measures: The following pages provide definitions of the non-GAAP measures used in this presentation and reconciliations of these non-GAAP measures to the most directly comparable GAAP measures. These non-GAAP financial measures should not be considered in isolation from or as a substitute for the comparable GAAP measures, but rather as supplemental information to more fully understand our business results. The following non-GAAP measures may not be the same as similar measures provided by other companies due to differences in methods of calculation and items and events being excluded. The non-GAAP measures provided are (1) Organic Sales Growth, (2) Adjusted Gross Margin, (3) Adjusted SG&A, (4) Adjusted EPS, (5) Free Cash Flow and Free Cash Flow Conversion, and (6) Total Debt to Bank EBITDA. We believe these measures provide useful perspective of underlying business trends and results and provide a more comparable measure of year over year results. Reconciliation of Non-GAAP Measures
Page 106
106CHURCH & DWIGHT CO., INC. 1062026 BARCLAYS CONFERENCE Organic Sales Growth – Total Company The presentation provides information regarding organic sales growth, namely net sales growth excluding the effect of acquisitions, divestitures and foreign exchange rate changes, from year-over-year comparisons. Management believes that the presentation of organic sales growth is useful to investors because it enables them to assess, on a consistent basis, sales trends related to products that were marketed by the Company during the entirety of relevant periods, excluding the impact of acquisitions, divestitures, and foreign exchange rate changes that are out of the control of, and do not reflect the performance of the Company and management. Reconciliation of Non-GAAP Measures Year Reported FX Acquisitions & Divestitures Organic 2025 1.6% 0.0% -0.9% 0.7% 2024 4.1% 0.0% 0.5% 4.6% 2023 9.2% 0.0% -3.9% 5.3% 2022 3.6% 1.0% -3.2% 1.4% 2021 6.0% -0.9% -0.8% 4.3% 2020 12.3% 0.1% -2.8% 9.6% 2019 5.1% 0.5% -1.2% 4.4% 2018 9.8% 0.0% -5.5% 4.3% 2017 8.1% 0.0% -5.4% 2.7%
Page 107
107CHURCH & DWIGHT CO., INC. 1072026 BARCLAYS CONFERENCE Organic Sales Growth – Total Company, Continued Reconciliation of Non-GAAP Measures TOTAL COMPANY Year Reported FX Acquisitions & Divestitures Organic 2016 2.9% 1.2% -0.9% 3.2% 2015 2.9% 2.7% -2.0% 3.6% 2014 3.2% 0.5% -0.2% 3.5% 2013 9.3% 0.5% -7.6% 2.2% 2012 6.3% 0.8% -3.1% 4.0% 2011 6.2% -1.0% -1.2% 4.0% 2010 2.7% -1.1% 0.5% 2.1% 2009 4.1% 2.0% -1.2% 4.9% 2008 9.1% -0.2% -1.6% 7.3% 2007 14.0% -1.0% -8.0% 5.0%
Page 108
108CHURCH & DWIGHT CO., INC. 1082026 BARCLAYS CONFERENCE Reported & Adjusted Non-GAAP Reconciliations 2025 2024 2023 2022 2021 2020 SG&A - Reported 15.9% 21.0% 15.2% 20.8% 11.7% 12.1% Brazil Charge 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Flawless Earnout Adjustment 0.0% 0.0% 0.0% 0.0% 1.9% 1.9% Flawless Intangible Assets Impairment 0.0% 0.0% 0.0% -7.7% 0.0% 0.0% Passport Earnout Reversal 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Sale of International Brand 0.0% 0.0% 0.0% 0.0% 0.0% 0.1% Retricted Stock Issued in Hero Acquisition -0.1% -0.3% -0.5% -0.1% 0.0% 0.0% Retricted Stock Issued in Touchland Acquisition -0.2% 0.0% 0.0% 0.0% 0.0% 0.0% VMS Asset Impairments 0.0% -5.8% 0.0% 0.0% 0.0% 0.0% Business Exit Related Impairments -0.3% 0.0% 0.0% 0.0% 0.0% 0.0% ERP Project Costs -0.1% 0.0% 0.0% 0.0% 0.0% 0.0% Touchland Earn out Adjustment -0.3% 0.0% 0.0% 0.0% 0.0% 0.0% SG&A Adjusted (Non-GAAP) 14.9% 14.9% 14.7% 13.0% 13.6% 14.1% For the year ending December 31, Adjusted SG&A This presentation provides information regarding adjusted SG&A, namely, SG&A calculated in accordance with GAAP, as adjusted to exclude significant one-time items that are not indicative of the Company’s period-to-period performance. We believe that this metric provides investors a useful perspective of underlying business trends and results and provides useful supplemental information regarding our year over year SG&A expense.
Page 109
109CHURCH & DWIGHT CO., INC. 1092026 BARCLAYS CONFERENCE Reconciliation of Non-GAAP Measures Earnings Per Share This presentation discloses reported EPS excluding the following, namely, earnings per share calculated in accordance with GAAP adjusted to exclude significant one-time items that are not indicative of the Company’s period-to-period performance. We believe that this metric provides investors a useful perspective of underlying business trends and results and provides useful supplemental information regarding our year-over-year earnings per share growth. The excluded items are as follows: 2025: Excludes a $0.14 charge related to business exit impairments, a $0.02 charge related to ERP project costs, a $0.01 charge related to Waterpik restructuring, a $0.03 charge related to restricted stock issued in the HERO acquisition, a $0.05 charge related to restricted stock issued in the TOUCHLAND acquisition, a $0.08 charge related to the TOUCHLAND earnout, and a $0.18 charge related to the VMS divestiture 2024: Excludes a $1.10 VMS impairment charge, a $0.08 charge related to restricted stock issued in the HERO acquisition and a ($0.11) benefit from tariff refunds. 2023: Excludes a $0.12 charge related to restricted stock issued in the HERO acquisition. 2022: Excludes a $1.26 FLAWLESS impairment charge and a $0.03 charge related to restricted stock issued in the HERO acquisition. 2021: Excludes a $0.30 per share positive impact from the FLAWLESS acquisition earn-out estimate. 2020: Excludes a $0.28 per share positive impact from the FLAWLESS acquisition earn-out estimate and a $0.01 per share positive impact from the gain on sale of an international brand. 2019: Excludes a $0.02 positive impact from an earn-out reversal from the acquisition of Passport Food Safety Solutions, Inc., $0.03 negative impact from the loss on the sale of the consumer Brazil business, and $0.02 negative impact from the FLAWLESS acquisition earn-out estimate. 2017: Excludes a ($0.12 per share) charge associated with the settlement of a foreign pension plan, a ($0.01 per share) charge associated with the sale of the Company's chemical business in Brazil, a tax benefit of $0.03 per share from a prior year joint venture impairment charge and a one-time tax benefit (non- cash) of $1.06 per share to adjust deferred tax accounts and reflect deemed repatriation of foreign subsidiary earnings as a result of the Tax Cuts and Jobs Act (TCJA). 2016: Excludes the impact of a plant impairment charge of $4.9 million at the Company’s Brazilian subsidiary.
Page 110
110CHURCH & DWIGHT CO., INC. 1102026 BARCLAYS CONFERENCE Reported & Adjusted Non-GAAP Reconciliations 2025 2024 2023 2022 2021 2020 2019 2018 2017 EPS - Reported 3.02$ 2.37$ 3.05$ 1.68$ 3.32$ 3.12$ 2.44$ 2.27$ 2.90$ Pension Settlement Charge -$ -$ -$ -$ -$ -$ -$ -$ 0.12$ Brazil Charge -$ -$ -$ -$ -$ -$ 0.03$ -$ 0.01$ Joint Venture Impairment Tax Benefit -$ -$ -$ -$ -$ -$ -$ -$ (0.03)$ Tradename and other Asset Impairments 0.14$ 1.10$ -$ -$ -$ -$ -$ -$ -$ Tariff Ruling -$ (0.11)$ -$ -$ -$ -$ -$ -$ -$ U.S. TCIA Tax Reform -$ -$ -$ -$ -$ -$ -$ -$ (1.06)$ Gain on Sale of International Brand -$ -$ -$ -$ -$ (0.01)$ -$ -$ -$ Passport Earn-out Reversal -$ -$ -$ -$ -$ -$ (0.02)$ -$ -$ Flawless Earn-out Adjustment -$ -$ -$ -$ (0.30)$ (0.28)$ 0.02$ -$ -$ Flawless Impairment -$ -$ -$ 1.26$ -$ -$ -$ -$ -$ Hero Restricted Stock 0.03$ 0.08$ 0.12$ 0.03$ -$ -$ -$ -$ -$ ERP Project 0.02$ -$ -$ -$ -$ -$ -$ -$ -$ Waterpik Restructuring 0.01$ -$ -$ -$ -$ -$ -$ -$ -$ Touchland Restricted Stock 0.05$ -$ -$ -$ -$ -$ -$ -$ -$ Touchland Earnout 0.08$ -$ -$ -$ -$ -$ -$ -$ -$ VMS Divestiture 0.18$ -$ -$ -$ -$ -$ -$ -$ -$ EPS - Adjusted (Non-GAAP) 3.53$ 3.44$ 3.17$ 2.97$ 3.02$ 2.83$ 2.47$ 2.27$ 1.94$ For the year ending December 31, Adjusted EPS Reconciliation
Page 111
111CHURCH & DWIGHT CO., INC. 1112026 BARCLAYS CONFERENCE Reconciliation of GAAP and Non-GAAP Financial Measures Free Cash Flow Free cash flow (a non-GAAP measure) is defined as cash from operating activities (a GAAP measure) less capital expenditures (a GAAP measure). Management views free cash flow as an important measure because it is one factor in determining the amount of cash available for dividends and discretionary investment. Free Cash Flow as a Percent of Net Income (Free Cash Flow Conversion) Free cash flow as percent of net income is defined as the ratio of free cash flow to net income. Management views this as a measure of how effective the Company manages its cash flow relating to working capital and capital expenditures.
Page 112
112CHURCH & DWIGHT CO., INC. 1122026 BARCLAYS CONFERENCE Total Debt to Bank EBITDA, continued 2015 2014 2013 2012 2011 2010 2009 Total Debt as Presented (1) 1,050.0$ 1,086.6$ 797.3$ 895.6$ 246.7$ 333.3$ 816.3$ Other Debt per Covenant (2) 83.5 88.0 90.3 79.1 45.9 11.7 16.5 Total Debt per Credit Agreement 1,133.5$ 1,174.6$ 887.6$ 974.7$ 292.6$ 345.0$ 832.8$ Net Cash from Operations 606.1$ 540.3$ 499.6$ 523.6$ 437.8$ 428.5$ 400.9$ Interest Paid 29.0 25.7 26.4 9.7 9.2 29.3 35.6 Current Tax Provision 201.0 198.3 192.3 179.5 125.6 108.7 125.6 Excess Tax Benefits on Option Exercises 15.8 18.5 13.1 14.6 12.1 7.3 5.0 Change in Working Capital and other Liabilities (38.6) (13.5) 16.1 (75.4) 11.0 (31.6) (35.4) Adjustments for Significant Acquisitions/Dispositions (net) - - - 46.8 3.9 6.8 (22.9) Adjusted EBITDA (per Credit Agreement) 813.3$ 769.3$ 747.5$ 698.8$ 599.6$ 549.0$ 508.8$ Ratio 1.4 1.5 1.2 1.4 0.5 0.7 1.6 Notes: (1)Net of Deferred Financing Costs per ASC 2015-03, "Simplifying the Presentation of Debt Issuance Costs" (2) Includes Letters of Credit, Capital and Synthetic Lease Obligations, Acquisition Liabilities and certain Guarantees. Reconciliation of GAAP and Non-GAAP Financial Measures
Page 113
113CHURCH & DWIGHT CO., INC. 1132026 BARCLAYS CONFERENCE Reconciliation of Non-GAAP Measures (2024)
Page 114
114CHURCH & DWIGHT CO., INC. 1142026 BARCLAYS CONFERENCE Reconciliation of Non-GAAP Measures (2025)