Energizer 2000 Annual Report Download - page 2

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ENERGIZER AT A GLANCE
SELECTED FINANCIAL HIGHLIGHTS
* Energizer Holdings, Inc. was spun off from Ralston Purina Company (Ralston) on April 1, 2000. The pro forma FY 2000 financial data is presented assuming the
spin-off had occurred as of October 1, 1999. The pro forma FY 1999 financial data is presented assuming the spin-off had occurred as of October 1, 1998.
** The historical financial information for fiscal years 2000 and 1999 reflects periods during which Energizer was operated as a business segment of Ralston.
*** The pro forma diluted weighted shares outstanding is based on the weighted-average number of Ralston common shares outstanding prior to the spin-off (adjusted
for the distribution of one share of Energizer stock for each three shares of Ralston stock) and the diluted weighted-average number of shares of Energizer stock outstanding
from April 1, 2000 to September 30, 2000.
Energizer Holdings, Inc. is the largest publicly traded primary battery/flashlight company in the world with
two of the most recognized brands in Energizer®and Eveready®
. Energizer is traded on the New York Stock
Exchange under the ENR symbol.
Primary Batteries
Energizer’s complete product portfolio of primary batteries includes offerings in all performance and
price categories – new super-premium Energizer®e2TM featuring titanium technology, premium Energizer alkaline, economy
Eveready Alkaline and Eveready carbon zinc, as well as industrial batteries for non-consumer applications and lithium
batteries for high-performance applications.
Miniature Batteries
Energizer’s complete line of miniature batteries delivers reliable power for a variety of small
devices including electronic watches and cameras, calculators and personal organizers, keyless car remotes and handheld
electronic games, hearing aids and electronic thermometers.
Flashlights and Lighting Products
Energizer produces over 60 different flashlight and portable lighting devices
for use at home, work and recreation, for novelty uses and industrial applications. The company successfully introduced
several new products during the year including the Rubber Two Way lantern, Folding Fluorescent lantern, Swivel Head
industrial flashlight and Energizer®Arc WhiteTM Hi Intensity Fluorescent flashlight.
Copyright © 2000 Eveready Battery Company, Inc. Energizer, Energizer e2, Eveready, E-SNAP, Energizer Bunny, Arc White and Energizer Battery Character are trademarks or registered trademarks
of Eveready Battery Company, Inc. All rights reserved.
(millions) (diluted earnings per share)
YEAR ENDED SEPTEMBER 30, YEAR ENDED SEPTEMBER 30,
2000 1999 2000 1999
Pro Forma Net Earnings,
Excluding Unusuals * $163.1 $125.2 $ 1.69 $ 1.22
Costs related to spin-off (3.3) –(0.04) –
Loss on disposition of Spanish affiliate (15.7) –(0.16) –
Restructuring charges –(8.3) –(0.08)
Pro Forma Net Earnings * 144.1 116.9 1.49 1.14
Incremental interest expense, net of tax 10.0 21.2 0.11 0.21
Other pro forma costs, net of tax 1.7 5.1 0.02 0.05
Capital loss tax benefits 24.4 16.6 0.25 0.16
Historical Net Earnings from
Continuing Operations ** 180.2 159.8 1.87 1.56
Net Gain (Loss) from Discontinued
Operations 1.2 (79.8) 0.01 (0.78)
Historical Basis Net Earnings ** $181.4 $ 80.0 $ 1.88 $ 0.78
Pro Forma Diluted Weighted Shares
Outstanding *** 96.3 102.6
EARNINGS