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Page 1 ENR 2002 Annual Report
Traded on the New York Stock Exchange under the ENR symbol,
Energizer is the largest publicly traded primary battery and flashlight
company in the world with two of the most recognized brands with
Energizer
and
Eveready.
Energizer sells product in virtually every
market around the globe through a far-reaching distribution system,
supported by highly efficient operations with principal plants located in
North America, Asia and Europe.
operating margins*earnings per share*
$1.90
00
$1.69
01
$1.74
02
net sales in billions EBITDA* in millions
$376.4
17.2 %
$1.09
$2.07
$274.6
12.7 %
$1.77
18.3 %
$385.5
00 01 02 00 01 02 00 01 02
The company has grown
margins and earnings per
share by managing the
business to maximize cash
flow, control costs and reduce
overhead. We achieved these
accomplishments despite
minimal sales growth in a
highly competitive North
American market and a weak
international environment.
As one of the world’s largest manufacturers of dry cell batteries and
flashlights, Energizer seeks to power people’s lives throughout the world.
We want to help consumers in every corner of the globe enjoy a better
way of life with the use of portable power – from the simplest flashlight
to high-end applications such as hand-held PDAs and digital cameras.
In pursuit of this goal, our mission is to:
• Offer CONSUMERS superior value in portable power and lighting products.
• Deliver category management solutions that maximize CUSTOMER
profitability and return on investment.
• Provide ASSOCIATES with a corporate culture that fosters professional
growth and rewards personal achievement.
• Reward SHAREHOLDERS by achieving sustained earnings growth and
maximizing return on invested capital.
© 2002 Energizer Energizer, e2, Energizer MAX, Eveready Super Heavy Duty, Eveready Gold, Cat and Nine Design, EZ Change, E-SNAP, Energizer Bunny,
Energizer Bunny Character, Energizer Hard Case Lantern are trademarks of Eveready Battery Company, Inc. All rights reserved.
CONTENTS
2
Message to Our
Shareholders
4
Product Portfolio
6
World Markets and
Global Operations
8
Officers, Directors and
Corporate Information
9
Financial Review
* Excluding unusual items as noted on the inside front cover.