We are making some forward looking statements today that use words like outlook or target or similar predictive words. Such forward looking statements

Transcription

1 A Global Portfolio of Direct Selling Companies

2 Rick Goings Chairman & CEO

3 Forward-Looking Statements We are making some forward looking statements today that use words like outlook or target or similar predictive words. Such forward looking statements involve risks and uncertainties as further contained in our Form 10-K filed with the Securities and Exchange Commission in February These risks and uncertainties may cause actual results to differ materially from our statements today.

4 Core business is sound Business model allows for growth even now Solid performance in many established and emerging markets Financially sound company with strong cash flow Pay dividend y Pay down debt Share repurchase

5 To be the premier global direct seller of premium, innovative products by providing Our Customers with high quality, innovative products and informative, entertaining channels of distribution Our Independent Sales Force with a significant earning opportunity and personal development Our Associates an opportunity to develop their talents and skills by fostering personal fulfillment, achievements and rewards

6 What is Tupperware Brands Today A Global Portfolio of Direct Selling Companies

7 News Corporation News Corporation is a diversified global media portfolio with operations in eight industry segments: e Filmed entertainment Television Cable network programming Direct broadcast satellite television Magazines and inserts Newspapers and information services Book publishing Other (MySpace, FoxSports.com, etc.)

8 Similarities with Tupperware Brands Company Diversified global media company Diversified global direct selling company Overview Vision/ Mission Strategy Creating and distributing top quality news, sports and entertainment around the world. Provide a compelling combination of information and entertainment for the largest audience around the world. Achieve this by maintaining the ideal mixture of established, developing, and new businesses with significant potential. To be the premier global direct seller of premium, innovative products Our independent sales force with a pathway for personal development and a significant earning opportunity. Our customers with high quality innovative products brought to them through an informative and entertaining party. Our associates an opportunity to develop and utilize their talents and skill and to be recognized and rewarded for it.

9 Strategic Platforms Strategies to Refresh and Reconfigure Rev venue Grow Emerging Markets Expand into Direct Selling Beauty Companies Where Appropriate Refresh the Core Build brand equity in products and image Income

10 Phase One Largely Completed Refresh the Core Products Party Compensation Structure Emerging Markets Have global beachheads Expand into Direct Selling Beauty Large rapidly growing market g g Cosmetic, Fragrance and Toiletries growing 6-8% annually Taps into categories with higher spending

11 Move to Phase Two Market Focus FOCUS, FIX & GROW People/ Processes Key Focus Priority Markets (Emerging and Established) Leadership Development Leverage Brands to Grow Latin America Businesses MOBILIZE Strengthen Sales & Marketing Management Fix, Merge or Exit weak small businesses Reconfigure Supply Chain

12 Simon Hemus President & COO

13 Tupperware Brands Business Model Sales Force Structure And Compensation Tiered / Self Promote Traditional l Distributorship\ Single Level With Salaried Field Manager Products We Offer Tupperware Beauty Selling Method Party / Group Selling One-on-one Campaign Brochure

14 Flexible Business Model US U.S. &C Canada Europe Latin America Asia Pacific Tiered / Self Promote Tupperware & Beauty focus Party Traditional Distributorship Tupperware Focus Party / One-onone Single Level / Salaried Field Manager Beauty Focus Campaign Brochure Selling Traditional Distributorship / Tiered / Retail Outlets Tupperware & Beauty Focus Party & Home Demonstration

15 Portfolio of Established & Emerging Markets YTD % Sales Force Market Sales Mix Established 49% 25% Emerging 51% 75%

16 Key Markets Established Emerging Germany United States Australia France Italy Nordics Japan Mexico Russia South Africa China India Indonesia

17 Emerging Markets: Planting the Seeds of Future Growth Focus Rapid Sales Force Expansion Earnings Opportunity for Women Less developed Retail Infrastructure Growing Population And we are in the very early stages of penetrating these markets

18 Emerging Markets Growth YTD Q3 08 Over 30 countries including: China CIS (former Soviet Union) Indonesia South Africa India Turkey Brazil Mexico YTD Q3 08 Local Currency Sales Growth 20%

19 We are only in the Early Innings Distributor per 1M Population* Party Average Established 1.3 $398 Emerging $101 *Population defined as individuals with income above $2 per day Emerging and Established markets in Europe and Asia Pacific defined as traditional party reporting markets

20 Emerging Market Growth Potential Geographic Penetration Growth of Middle Class Sophistication of Sales Force Brand Building

21 Creating a Contemporary Image

22 Asian Consumer

23 Compelling Geographic Expansion Community Outlet - Guangzhou Commercial Outlet - Shanghai Community Outlets: 1,800 (72%) Commercial Outlets: 736 (28%) Total Outlets YTD: 2,588 Potential Outlets: 10,000

24 Compelling Earnings Opportunity Tupperware China $46,511 $48,044 $197,502 Our Average Annual Income $3,780 $8,808 Avg Outlet Qualified Outlet Top Outlet Avg DB Top DB Average Annual Income in Comparable Industries $3,066 $2,754 $2,502 $3,879 $3,841 $4,148 $4,136 Manufacturing 1 Construction Hotels and restaurant Real Estate Education Health care Public Management

25 TUPS Over Ten Million Units Sold

26 Compelling Earnings Opportunity Tupperware Indonesia 22,204 Amount in USD 14,732 Our Average Annual Income 8,135 1,507 3, , Avg vg. SF Top1 p10 SF Avg vg. UM Top1 10 UM Avg vg. TL Top1 p10 TL ,230 3, ,552 2, ,193 Average Annual Income in Comparable Industries (supervisory level) Fin Ho otel Leg egal IT Telco om Pharma acy Insuran nce nter Call Cent

27 Tailored Products Condiment dispenser Pour dispenser for dry goods Mini spice & liquid dispensers

28 Compelling Earnings Opportunity Tupperware India $14,700 $9,900 Our Average Annual Income $533 $1,066 $1,728 Avg Conslt Star Conslt Avg UM Top 10 UM Top EM $2,800 $2,666 $2,266 $2,266 $2,666 Average Annual Income in Comparable Industries $1,600 Manufacturing BSFI Consumer FMCG Education Healthcare Durable Work Experience 1-3 yrs

29 Eco Water Bottle

30 Compelling Earnings Opportunity Tupperware Russia $63,769 Our Average Annual Income $20,334 $2,368 $5,233 $8,575 Av g SF Top SF Avg UM Avg PM Top 10 UM Average Annual Income in Comparable Industries $ $ $ $ $ $ $ manufacturing construction hotels & restaurants education health care communal services state trade

31 160 Distributors and Room to Grow Paris, November

32 Becoming a Household Name

33 Compelling Geographic Expansion Mexico Tupperware & Beauty Colombia Brazil Chile

34 Tupperware and Beauty A Powerful Combination

35 Appealing to Women With Children TPS EDUCATIONAL TOYS Tupperware PRODUCTS GADGETS

36 Significant Beauty Emerging Market Opportunities Argentina Brazil Colombia Chile China Russia Brazil & Argentina Existing Markets China, Russia Colombia, Chile Potential Future Markets

37 Established Markets Focus Sales Force Expansion Improved Field Structuret Focused Segmentation Contemporize Leverage Brand Equity

38 Improved Field Structure Team Leader Opportunity Distributor Team Leader Manager Consultant

39 Focused Market Segmentation Armand Dupree Catalog Tupperware Hispanic Market Brochure BeautiControl African American Catalog BeautiControl Hispanic Market Brochure

40 Lifestyle Company From Basic To Elegant & Differentiated

41 Reaching New Consumers Celebrity Chefs TV Cooking Shows

42 Appealing to New Younger Consumer

43 Premium Consumables

44 The Power of Celebrity

45 Licensing

46 Longer Range Local Currency Sales Outlook Market Low High Established 1% 2% Emerging 12% 14% Total Company 6% 8%

47 Mike Poteshman Executive VP & CFO

48 Third Quarter Results High End of Sales guidance 5 cents above high end of diluted EPS guidance, excluding items Segments in line Asia Pacific up, Beauty North America down Lower incentive cost and tax rate

49 Full Year Forecast Sales to high end of previous local currency range up 8-9% Emerging markets up 17 18% in local currency Established markets about even with 2007 in local l currency Diluted EPS range $ excluding items Down from Sept 18 th by 10 cents for FX Up 3 cents from Q3 results Long range local currency sales growth guidance of +6 to 8% with pretax return on sales of 9.5 to 10.5%

50 Cash Flow & Liquidity Inventory, Short Term Receivables and Accounts Payable Days all at or slightly better than September 2007 Cash Flow forecast for full year remains at $ M, including significant Q4 insurance recovery Debt Closed quarter with $100M of Revolver Borrowings Revolver facility is $200M Held $145M of cash at September 2008 $55M would normally have paid down revolver Based on mid point of Cash Flow forecast and other assumptions, full year 2008 debt reduction of $60M+ to $535M range May adjust repayments down based on credit markets

51 Share Repurchases Will accelerate share repurchases under existing $150M authorization $64M purchased in 2007 and year to date 2008 Expect to begin accelerated purchases under raised authorization in Q4 in $10M range with $40M expected in2009 Comparable to 75% increase in dividend payments In target Debt/EBITDA leverage range of x beginning this quarter 2.3x at September x if had paid down debt with available cash Expect to continue to also reduce debt Significantly higher repurchase constrained by debt covenants May still consider dividend increases going forward

52 Value Chain Lower oil/natural gas prices have improved cost outlook mainly in negative impact of $9 to $10M 2009 based on current oil and gas prices, expect to make up at least most of the 2008 impact Value chain improvement and flexibility Average order size places like Tup U.S. and Fuller Argentina Restructuring in South America Promotional spend 17% of sales Fixed costs in light of volume and opportunities Distribution costs; order size and delivery points Gross margin management pricing and mix

53 Why Invest in Tupperware Brands? Strong sources of competitive advantage Quality of direct sales management Global b l presence Strength of brands Sales and profit growth opportunity Emerging markets Established Strong cash flow and dividends Business model generates cash TUP Multiple expansion opportunity Dynamics of TWB s business model Levers exist to adapt to external forces

54 A Global Portfolio of Direct Selling Companies