Spectrum Brands Holdings to Reaffirm Fiscal 2018 Guidance at Raymond James Institutional Investors Conference

MIDDLETON, Wis.–(BUSINESS WIRE)–Spectrum Brands Holdings, Inc. (NYSE: SPB), a global consumer products
company offering a portfolio of leading brands providing superior value
to consumers and customers every day, announced it will reaffirm fiscal
2018 guidance during its presentation today at 2:50 pm Eastern Time at
the Raymond James 39th Annual Institutional Investors
Conference.

Spectrum Brands continues to expect fiscal 2018 reported net sales from
continuing operations to increase above category rates for most
categories, including the anticipated modest positive impact from
foreign exchange based on current rates. The Company also continues to
expect fiscal 2018 adjusted EBITDA from continuing operations to be
between $657-$674 million, including the negative impact of $15-$20
million from facility consolidations and inflation headwinds, compared
to $639 million in fiscal 2017.

Spectrum Brands continues to expect fiscal 2018 net cash provided from
operating activities after purchases of property, plant and equipment
(adjusted free cash flow), which includes discontinued operations, will
be between $620-$640 million.

The Company also continues to anticipate receiving between $3.6-$3.7
billion of gross proceeds by the end of calendar 2018 as a result of
previously announced plans to divest its Global Batteries and Appliances
businesses. This includes $2 billion of gross proceeds from a definitive
contract signed in January 2018 to sell the Company’s Global Battery and
Lighting business to Energizer Holdings, Inc. (NYSE: ENR).

About Spectrum Brands Holdings, Inc.

Spectrum Brands Holdings, a member of the Russell 1000 Index, is a
global consumer products company offering a portfolio of leading brands
providing superior value to consumers and customers every day. The
Company is a leading supplier of consumer batteries, residential
locksets, residential builders’ hardware, plumbing, shaving and grooming
products, personal care products, small household appliances, specialty
pet supplies, lawn and garden and home pest control products, personal
insect repellents, and auto care products. Helping to meet the needs of
consumers worldwide, our Company offers a broad portfolio of
market-leading, well-known and widely trusted brands including Rayovac®,
VARTA®, Kwikset®, Weiser®, Baldwin®, National Hardware®, Pfister®,
Remington®, George Foreman®, Russell Hobbs®, Black+Decker®, Tetra®,
Marineland®, Nature’s Miracle®, Dingo®, 8-in-1®, FURminator®, IAMS® and
Eukanuba® (Europe only), Digest-eeze™, Healthy-Hide®, Littermaid®,
Spectracide®, Cutter®, Repel®, Hot Shot®, Black Flag®, Liquid Fence®,
Armor All®, STP® and A/C PRO®. Spectrum Brands' products are sold by the
world's top 25 retailers and are available in more than one million
stores in approximately 160 countries. Based in Middleton, Wisconsin,
Spectrum Brands Holdings generated net sales from continuing operations
of $3.0 billion in fiscal 2017. For more information, visit www.spectrumbrands.com.

Forward-Looking Statements

Certain matters discussed in this news release and other oral and
written statements by representatives of the Company regarding matters
such as the Company’s ability to meet its expectations for its fiscal
2018 (including expectations regarding capital expenditures and its
ability to increase its net sales, free cash flow and adjusted EBITDA)
may be forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. We have tried, whenever
possible, to identify these statements by using words like “future,”
“anticipate”, “intend,” “plan,” “estimate,” “believe,” “expect,”
“project,” “forecast,” “could,” “would,” “should,” “will,” “may,” and
similar expressions of future intent or the negative of such terms.
These statements are subject to a number of risks and uncertainties that
could cause results to differ materially from those anticipated as of
the date of this release. Actual results may differ materially as
a result of (1) the impact of our indebtedness on our business,
financial condition and results of operations; (2) the impact of
restrictions in our debt instruments on our ability to operate our
business, finance our capital needs or pursue or expand business
strategies; (3) any failure to comply with financial covenants and other
provisions and restrictions of our debt instruments; (4) the impact of
actions taken by significant stockholders; (5) the impact of
fluctuations in commodity prices, costs or availability of raw materials
or terms and conditions available from suppliers, including suppliers’
willingness to advance credit; (6) interest rate and exchange rate
fluctuations; (7) the loss of significant reduction in, or dependence
upon, sales to any significant retail customer(s); (8) competitive
promotional activity or spending by competitors, or price reductions by
competitors; (9) the introduction of new product features or
technological developments by competitors and/or the development of new
competitors or competitive brands; (10) the effects of general economic
conditions, including inflation, recession or fears of a recession,
depression or fears of a depression, labor costs and stock market
volatility or changes in trade, monetary or fiscal policies in the
countries where we do business; (11) changes in consumer spending
preferences and demand for our products; (12) our ability to develop and
successfully introduce new products, protect our intellectual property
and avoid infringing the intellectual property of third parties; (13)
our ability to successfully implement, achieve and sustain manufacturing
and distribution cost efficiencies and improvements, and fully realize
anticipated cost savings; (14) the seasonal nature of sales of certain
of our products; (15) the effects of climate change and unusual weather
activity; (16) the cost and effect of unanticipated legal, tax or
regulatory proceedings or new laws or regulations (including
environmental, public health and consumer protection regulations); (17)
public perception regarding the safety of products that we manufacture
and sell, including the potential for environmental liabilities, product
liability claims, litigation and other claims related to products
manufactured by us and third parties; (18) the impact of pending or
threatened litigation; (19) the impact of cybersecurity breaches or our
actual or perceived failure to protect company and personal data; (20)
changes in accounting policies applicable to our business; (21) our
ability to utilize net operating loss carry-forwards to offset tax
liabilities from future taxable income; (22) government regulations;
(23) the impact of expenses resulting from the implementation of new
business strategies, divestitures or current and proposed restructuring
activities; (24) our inability to successfully integrate and operate new
acquisitions at the level of financial performance anticipate; (25) the
unanticipated loss of key members of senior management; (26) the effects
of political or economic conditions, terrorist attacks, acts of war or
other unrest in international markets; (27) the Company’s ability to
consummate the announced sale of our Global Battery and Lighting
business on the expected terms and within the anticipated time period,
or at all, which is dependent on the parties’ ability to satisfy certain
closing conditions, including receipt of regulatory approvals, and our
ability to realize the expected benefits of such transaction and to
successfully separate such business; (28) the outcome of the Company’
exploration of strategic options for its Personal Care and Small
Appliances businesses, including uncertainty regarding consummation of
any such transaction or transactions and the terms of such transaction
or transactions, if any, and, if consummated, the Company’s ability to
realize the expected benefits of such transaction or transactions and
potential disruption to our business or diverted management attention as
a result of the exploration or negotiation of such transaction or
transactions; and (29) the Special Committee’s exploration and
negotiation of a potential transaction with HRG Group, Inc., if any,
including uncertainty regarding consummation of such transaction and the
terms of such transaction, and, if consummated, the Company’s ability to
realize the expected benefits of such transaction, potential disruption
to our business or diverted management attention as a result of the
exploration or negotiation of such transaction and those set forth in
the combined securities filing of Spectrum Brands Holdings, Inc., and
SB/RH Holdings, LLC, including their most recently filed Annual Report
on Form 10-K or Quarterly Report on Form 10-Q.

Spectrum Brands Holdings also cautions the reader that its estimates
of trends, market share, retail consumption of its products and reasons
for changes in such consumption are based solely on limited data
available to Spectrum Brands Holdings and management’s reasonable
assumptions about market conditions, and consequently may be inaccurate,
or may not reflect significant segments of the retail market. Spectrum
Brands Holdings also cautions the reader that undue reliance should not
be placed on any forward-looking statements, which speak only as of the
date of this release. Spectrum Brands Holdings undertakes no duty
or responsibility to update any of these forward-looking statements to
reflect events or circumstances after the date of this report or to
reflect actual outcomes.

Contacts

Spectrum Brands Holdings, Inc.
Investor/Media Contact:
Dave
Prichard
608-278-6141