CHURCH & DWIGHT CO., INC.

CAGNY 2025
 SAFE HARBOR STATEMENT
This presentation contains forward-looking statements, including, among others, statements relating to net sales and earnings growth; gross margin changes; trade, marketing,
and SG&A spending inflation; sufficiency of cash flows from operations; earnings per share; cost savings programs; 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 release 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; market volatility and impact on the economy (including contributions to recessionary
conditions); the impact of new regulations and legislation and change in regulatory priorities of the new U.S. presidential administration; transition to, and 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 increased 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, increased 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; 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 press release 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.
A Look Back at 2024

• Exceeded organic sales growth algorithm across all 3

businesses.

• Five of seven Power Brands increased their market share.

• Marketing spend over 11% of sales.

• Innovation contributed 50% of the Company’s total growth in

2024.

• Online sales accounting for over 21% of total revenue.

3
A Look Back at 2024

• International expansion of the Hero brand in 40 countries.

• Acquisition of a distributor in Japan.

• SPD is now a perennial grower.

• Generated $1.16 billion in cash from operations.

• $960 million in cash on hand and a leverage ratio of 1.5.

4
Strong Performance in Total Shareholder Return

10 YEAR 5 YEAR 3 YEAR 2 YEAR 2024

11.7% 9.5% 1.8% 14.7% 11.7%

CAGNY 2025 5
Who We Are
 Church & Dwight’s Business Segments

77% 18%
2024 Domestic International
Total Company
Net Sales

$6.1B 5%
Specialty
Products
Division

CAGNY 2025 7
POWER BRANDS 8
 more than

70%
of sales & profits are
represented by these

7 POWER BRANDS
9
 Evergreen Model

Domestic: 3%
Organic Sales +4% International: 8%
SPD: 5%

Gross Margin +25 to +50 bps

Marketing ~11%, higher YOY $

SG&A -25 to 0 bps

Operating Margin +50 bps

EPS Growth +8%

Organic sales and adjusted EPS are non-GAAP measures.. Refer to the Appendix for a reconciliation to the most directly comparable GAAP measures.

CAGNY 2025 10
We Have a Winning Formula

A Balanced and Diversified Portfolio

Low Private Label Exposure

Online Success

Strong and Consistent Innovation

Acquisitive Company

CAGNY 2025 11
 A Balanced and Diversified Portfolio

5%
SPD
46%
Household
2024

49%
Personal Care

CAGNY 2025 12
 Product Portfolio of Both Value and Premium Products

36% 64%
Value Premium

CAGNY 2025 13
 Consistent Low Private Label Exposure

Weighted Average Private Label Share of Our Categories

15%

10%

5%

0%
2020 2021 2022 2023 2024
Source: Circana; Total US – MULO.

CAGNY 2025 14
 eCommerce Continues to Note: update

Accelerate for our Brands

% of Global Church & Dwight

Consumer Net Sales

21%

2%

2016 2017 2018 2019 2020 2021 2022 2023 2024

CAGNY 2025 15
Category Leading Innovation

Half of the Company’s

4% growth in 2024 came
from new products

16
 We Have Clear Acquisition Criteria

Primarily High growth and Asset Leverage Deliver

#1 or #2 high margin light C&D sustainable
share brands that are manufacturing, competitive
brands fast moving logistics and advantage
consumables purchasing

17
 Long History of Growth Through Acquisitions

Net Sales $6.1

$ Billions

$1.5

2004 2005 2006 2008 2010 2011 2012 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Note: Trojan, Nair and First Response acquired in two parts – 2001 and 2004.

CAGNY 2025 18
2024 Financials
and
2025 Outlook

19
 FY 2024 Financial Highlights

FY OUTLOOK ACTUALS
(as of November 1)

Net Sales Growth +3.5% +4.1%

Domestic: 3.5%
Organic Sales +4.0% +4.6% International: 9.0%
SPD: 7.1%

Adjusted Gross Margin +110 bps +110 bps

Marketing 11.0%+ 11.4%
Adjusted EPS +8.0% +8.5%
Cash from Operations ~$1.1B $1.16B
Organic sales, adjusted gross margin and adjusted EPS are non-GAAP measures. Organic sales excludes Megalac and Food Safety for 2023. Refer to the Appendix for a reconciliation to the most directly comparable GAAP measures.

CAGNY 2025 20
 FY 2025 Financial Outlook
2025 OUTLOOK
Q1 FY
Reported Sales Growth +2.5% to +3.5%

Organic Sales Growth ~2% +3% to +4%

Gross Margin +25 bps
Marketing 11%+
Adjusted SG&A LEVERAGE
Operating Profit Margin +60 to +70 bps
Other Expense ~$50M
Effective Tax Rate ~23%
Adjusted EPS Growth -6% +7% to +8%
Cash from Operations ~$1.15B
Organic sales, adjusted SG&A and adjusted EPS are non-GAAP measures. Refer to the Appendix for a reconciliation to the most directly comparable GAAP measures.

CAGNY 2025 21
Net Sales Growth: 10 Year History

12.3%

9.8%
9.2%
8.1%
10 Year
Average:
6.0%
5.1% 2.5%-3.5%
6.4%
4.1%
3.6%
2.9% 2.9%

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025E

CAGNY 2025 22
 Organic Sales Growth: 10 Year History
Evergreen Target: 4.0%

9.6%

5.3% 3%-4% 10 Year

3.6% 4.3% 4.4% 4.3% 4.6% Average:
3.2% 4.3%
2.7%
1.4%

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025E
Organic sales is a non-GAAP measure. Refer to the Appendix for a reconciliation to the most directly comparable GAAP measures. Outlook as of January 31, 2025.

CAGNY 2025 23
 Volume Trend Continues to Improve

8.1%

5.0%
3.4% 3.7% 3.3%
3.1%
1.0% 1.0% 0.9%

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025E

-5.1%

Outlook as of January 31, 2025

CAGNY 2025 24
 2025 Focus On Adjusted Gross Margin
Evergreen Target: +25 to +50 bps

+25 bps

2019 2020 2021 2022 2023 2024 2025E

Outlook as of January 31, 2025

CAGNY 2025 25
 2025 Marketing Spend Target
Evergreen Target: ~11%, higher YOY $

11.0%+
11.7% 11.8% 12.1%
11.1% 11.4%
10.9%
10.0%

2018 2019 2020 2021 2022 2023 2024 2025E

Outlook as of January 31, 2025

CAGNY 2025 26
 2025 Adjusted SG&A
Evergreen Target: -25 to 0 bps

leverage

14.1% 13.6% 14.7% 14.9%

13.0% Return to leverage in line
with Evergreen model while
making growth investments
behind International and
Ecommerce

2020 2021 2022 2023 2024 2025E

Note: Adjusted SG&A is a non-GAAP measure. Refer to the Appendix for a reconciliation to the most comparable GAAP measures. Outlook as of January 31, 2025

CAGNY 2025 27
 Consistent Strong Adjusted EPS Growth
Evergreen Target: +8%
+7 to 8%

$3.44
$3.17
$3.02 $2.97
$2.83
$2.47
$2.27
$1.94

9.6% 17.0% 8.8% 14.6% 6.7% -1.7% 6.7% 8.5%

2017 2018 2019 2020 2021 2022 2023 2024 2025E

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 January 31, 2025.

CAGNY 2025 28
 “Best In Class” FCF Conversion

10 Year Average: 119%

129% 131%
126% 126% 125% Elevated
123% Capex

116% 115%

103%
97%

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Refer to the Appendix for a reconciliation to the most directly comparable GAAP measures.

CAGNY 2025 29
Cash Conversion Cycle: Tight Control Of Working Capital
Drives Cash Conversion Cycle Improvement

52

40
36
34
32 32
27 27 28
22 22 days
21 19
18 18
14

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

CAGNY 2025 30
 Strong Balance Sheet Credit Rating:
A3/BBB+
Total Debt/Bank EBITDA

2.6x
2.2x
1.9x 1.9x
1.6x 2.1x
1.5x
1.4x 1.8x
1.4x 1.7x
1.4x 1.5x 1.5x
1.2x
0.7x

0.5x

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025E
Note: Total debt/EBITA is a non-GAAP measure. Refer to the Appendix for a reconciliation to the most comparable GAAP measures.

CAGNY 2025 31
 Significant Financial Capacity
(in $millions)

Cash & Cash

$965
Equivalents

Acquisition
Power:
Leverage
Capacity $5,100 $6.0B

• TTM Bank EBITDA = $1,520M

Current Debt
Outstanding $2,225 • Example: Acquisition EBITDA
multiple of 12x
As of January 31, 2025

CAGNY 2025
Prioritized Uses Of Free Cash Flow

1 TSR-Accretive M&A

2 Capex For Organic Growth & G2G

3 New Product Development

4 Debt Reduction

5 Return Of Cash To Shareholders

CAGNY 2025 33
4% Dividend Increase In 2025

$1.18
$1.09 $1.13
$1.01 $1.05

124
$0.96
$0.87 $0.91
$0.76

consecutive
years of
dividends +119%

+7.0% +14.5% +4.6% +5.5% +5.2% +4.0% +4.0% +4.0% +4.0%

+35%
2017 2018 2019 2020 2021 2022 2023 2024 2025

CAGNY 2025 34
A Look Ahead

35
 We have confidence
in our future.

Evergreen model Expanding Sustainable high Consistent Digitally savvy Focus on

is healthy household International innovation domestic and
penetration in growth rate international
the U.S. M&A

CAGNY 2025 36
We Have a Strong Track Record of Growth
Behind A&H and Acquired Brands…and Acquisitions

Expect to Continue. $6.1

Net Sales
$ Billions

$1.0

2000 2004 2005 2006 2008 2010 2011 2012 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Note: Trojan, Nair and First Response acquired in two parts – 2001 and 2004.

2025 Analyst Day 37

U.S. Story

38
US Domestic Sales Evergreen Target: +3%

3% United States

4% 8% International

5% Specialty Products
CAGNY 2025 39
 U.S. Consumer Domestic Organic Sales Performance

10.7% We Are
Leaders In
Growing
Categories

We Thrive In
5.7% Difficult
Environments
4.3% 4.0%
3.6% 3.5% Evergreen
3.0% 3.1% Target:
2.0% 3.0%
1.4% Acquisitions
0.9% Have Room
To Run

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Organic sales growth is a non-GAAP measure. Refer to the Appendix for a reconciliation to the most directly comparable GAAP measure.

CAGNY 2025 40
Our 7 Power Brands
Fuel Our Growth

41
 These 7 Power Brands Compete in 8 Healthy, Growing
Categories in the U.S:
2020 2021 2022 2023 2024

Laundry
Clumping Litter
Stain Fighters
VMS Gummy
Dry Shampoo
Power Flossing
Mouthwash
Acne
Weighted
Average:
2.7%
Source: Circana; Total US – MULO; YTD 2024 data through 12.29.2024

CAGNY 2025 42
 Brand Scorecard 5 of 7 Gaining Share in 2024

2019 2020 2021 2022 2023 2024

Arm & Hammer

Oxiclean Stain Fighters

VMS

Batiste

Waterpik

TheraBreath

Hero

4 of 5 3 of 5 4 of 6 5 of 7 4 of 7 5 of 7

Source: Circana; Total US – MULO; YTD 2024 data through 12.29.2024

CAGNY 2025 43
Fabric Care

44
 Liquid Laundry Detergent

$ Consumption Change vs. YAG

2024

2.0%

1.3%

Category Arm & Hammer

Source: Circana: Total US – Multi Outlet; L52 WE 12.29.24

CAGNY 2025 45
 Arm & Hammer Laundry:
Converting and Retaining Consumers Over the Long Term
All-time
share
Liquid Laundry Dollar Share high

2006 - 2024
14.6%

5.0%

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Source: Circana: Total US – Multi Outlet; A&H Liquid Laundry. 2024 Dollar Share as of 12.29.2024

CAGNY 2025 46
Arm & Hammer Laundry Architecture
Good, Better, Best

Good Better Best

CAGNY 2025 47
Cat Litter

48
 Clumping Litter

$ Consumption Change vs. YAG

2024

2.1% 2.1%

Category Arm & Hammer

Source: Circana: Total US – Multi Outlet; L52 WE 12.29.24

CAGNY 2025 49
 A&H Litter: Consistent Share Gains Through Innovation

Clumping Litter Dollar Share

2020 - 2024 24.7%

23.2%

2020 2021 2022 2023 2024

Source: Circana Total US – Multi Outlet; A&H Clumping Litter. 2024 Dollar Share as of 12.29.2024

CAGNY 2025 50
 Lightweight Fair Share is a $100MM Significant Opportunity

A&H Share Of Clumping Litter Segment

28.5%

7.4%
3.9%

Lightweight Lightweight Traditional Weight

Source: Circana: Total US – Multi Outlet as of 12.31.2024
2023 2024 2024

CAGNY 2025 51
Acne

52
 Total Acne

$ Consumption Change vs. YAG

2024

41.9%

8.6%

Category Hero
Source: Circana: Total US – Multi Outlet; L52 WE 12.29.24

CAGNY 2025 53
 Hero: All Time Share High Achieved In 2024
All-time
share
#1 Total Acne Dollar Share high
ACNE
BRAND
2020 - 2024
21.7%

1.2%

2020 2021 2022 2023 2024

Source: Circana: Total US – Multi Outlet Total Acne. 2024 Dollar Share as of 12.29.2024

CAGNY 2025 54
 Hero Still Has Lots Of Room To Run

Average Weekly TDP Household Penetration

2.2x Acne Treatment
Category

2020 20.4% 0.9%

2021 21.8% 3.1%

2022 21.7% 4.7%

2023 23.9% 7.3%

Average
Weekly TPD -5.8% 50.5% -16.4% 2024* 25.5% 8.7%
% Chg vs YA

Sources: L: Circana: Total US – Multi Outlet L52 WE 12.29.24; R: Numerator Insights; *12ME 11.30.24, Rolling

CAGNY 2025 55
Mouthwash

56
 Mouthwash

$ Consumption Change vs. YAG

2024

41.6%

7.6%

Category TheraBreath

Source: Circana; Total US – Multi Outlet; L52 WE 12.29.24

CAGNY 2025 57
 TheraBreath: All Time Share High Achieved In 2024

All-time
#1 #2 share
Total Mouthwash Dollar Share high
NON- MOUTHWASH
ALCOHOL 2020 - 2024
17.6%

3.9%

2020 2021 2022 2023 2024

Source: Circana: Total US – Multi Outlet; Total Mouthwash. 2024 Dollar Share as of 12.29.2024

CAGNY 2025 58
 TheraBreath Still Has Lots Of Room To Run

Average Weekly TDP Household Penetration

2.2x Mouthwash
Category
1.8x
2020 65.7% 2.6%

2021 64.4% 3.2%

2022 62.0% 4.5%

2023 63.6% 7.6%

Average
Weekly TPD 4.5% -0.4% 26.2% 2024* 64.8% 10.2%
% Chg vs YA

Sources: L: Circana; Total US – Multi Outlet L52 WE 12.29.24; R: Numerator Insights; *12ME 11.30.24, Rolling

CAGNY 2025 59
 TheraBreath is #2 Total Mouthwash Brand

TheraBreath Dollar Share grew +4.1pts vs. YAG

25.0

20.0 18.9
20.1
17.9
15.0
#3 Brand

10.0

5.0 6.9

0.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
'22 '22 '22 '22 '22 '22 '22 '22 '22 '22 '22 '22 '23 '23 '23 '23 '23 '23 '23 '23 '23 '23 '23 '23 '24 '24 '24 '24 '24 '24 '24 '24 '24 '24 '24 '24

Source: Circana; Total US – Multi Outlet Total Mouthwash

CAGNY 2025 60
Dry Shampoo

61
 Dry Shampoo

$ Consumption Change vs. YAG

2024

8.6% 8.8%

Category Batiste

Source: Circana: Total US – Multi Outlet; L52 WE 12.29.24

CAGNY 2025 62
 Batiste: All Time Share High Achieved in 2024

All-time
share
#1 Dry Shampoo Dollar Share high
Dry
Shampoo 2020 - 2024
46.5%

36.7%

2020 2021 2022 2023 2024

Source: Circana: Total US – Multi Outlet; Dry Shampoo. 2024 Dollar Share as of 12.29.2024

CAGNY 2025 63
Vitamins

64
 Gummy VMS Category Doubled in Three Years
and is Now Relatively Flat
Total Gummy Category Consumption
Dollars (in Millions) & % Change YOY

+20.6% +1.8% -0.6% -0.1%

+58.1%

+16.5%
$3,078 $3,137 $3,117 $3,114
$2,548

$1,540

2019 2020 2021 2022 2023 2024 L52wks

Source: Circana: Total US – Multi Outlet; CY 2024 ending 12.22.2024

CAGNY 2025 65
 Vitamins

VMS Gummy Category

$ % Chg vs. YAG $ % Chg vs. YAG
2.3%
1.6%

-0.5% -0.1%

-3.4%

-12.1% -12.2%
-13.3% -13.4%
-16.3%

Q1 24 Q2 24 Q3 24 Q4 24 CY Q1 24 Q2 24 Q3 24 Q4 24 CY
2024 2024
Source: Circana: Total US – Multi Outlet; VMS Gummy

CAGNY 2025 66
 VMS Consumer Led Innovation

NEW AND
POWER PLUS SUGAR FREE
IMPROVED
MULTIVITES EXPANSION
FORMULA

67
Innovation and
New Products
Five Paths to Innovation

Third Party
FutureWorks Partners (2022)
(2018)
• We connect diverse
competencies

50%
Classic NPD
• More than of our
White Space pipeline comes from new
(2022) innovation sources

Open
Innovation
(2018)

CAGNY 2025 69
Driving Innovative Growth

INS as a % of Sales
1.5% to 2.0%

1.0% to 1.5%
• Accelerating Incremental Net
Sales (INS) 1.5%-2.0%
(historically 1.0% - 1.5%)

pre-2023 2024+

CAGNY 2025 70
Leverage 2024 Success in 2025

Contributed to both The fastest growing Grew over 10x rate of

category and brand branded Sheets in 2024 Lightweight segment
growth

71
 A&H DEEP CLEAN
FREE & CLEAR DETERGENT Our Most Powerful
Free & Clear Formula Yet!

0% dyes, parabens, phosphates

or fragrance

SkinSAFE® Certified 100%.

Launching in 2025
72
A&H POWER SHEETS
FRAGRANCE FREE Fragrance Free
No Dyes. No Perfumes.

Leave the Mess Behind.

No Drips. No Spills. No Heavy
Plastic Bottles.

Launching in 2025
73
 100% Plant Based
A&H PLANT POWER
Clumping Litter

Highly Absorbent Grain Formula

Launching in Pet
Channel in 2025
74
 VITAFUSION Upgraded Taste
NEW & IMPROVED FORMULA Experience
New Heat-Resistant Formula and
Softer Chew

10% more Vitamin A, C, & E

Launching in 2025
75
 Advanced Formula
VITAFUSION
POWER PLUS MULTIVITES 100% DV or More of
10 Essential Ingredients

Adult Multi with Calcium

Women’s Multi with Choline
Men’s Multi with CoQ10

Launching in 2025
76
 VITAFUSION
SUGAR FREE

More than 60% of Vitafusion in Sugar Free variants

* *

* Launching in 2025
77
 The XXL Pimple Patch
HERO MIGHTY PATCH
BODY Designed to fit breakouts on your
chest, back, and butt

Because acne doesn’t just

happen on your face

Unique notches help adhere to

curved parts of the body.

Launching in 2025
78
 Some Days Call for a Lighter
BATISTE Dry Shampoo
LIGHT DRY SHAMPOO
Designed to attract new users !

No white residue
Lightweight feel & finish
Soft, subtle scent

Launching in 2025
79
Exciting Innovations Ahead in 2025
International
International Organic Sales Evergreen Target: +8%

3% United States

4% 8% International

5% Specialty Products
CAGNY 2025 82
International 2024 Net Sales:
GMG & 7 Subsidiaries

27%
Canada
2024
34% 12% International
Global
UK Net Sales
Markets
Group
8%
Mexico
~$1.1B
3% 7%
3% 6%
Australia
Japan
France
Germany
CAGNY 2025 83
 International Consumer Organic Sales Performance

10.0%
9.2% 9.0%
8.6% 8.5%
8.1% 7.8% 7.8%

5.0%

2.8%

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Organic sales growth is a non-GAAP measure. Refer to the Appendix for a reconciliation to the most directly comparable GAAP measure.

CAGNY 2025 84
Geographic Expansion….International Runway Ahead

% of % of
U.S. Domestic International
Sales Sales

Top 10 CPG
Company 41% 59%
AVG%

Church & Dwight 82% 18%

CAGNY 2025 85
Brands Consumers Love that Travel the Globe

U.S. Brand and International OTC Acquisition Acceleration and Rapid

Leveraging NPD & Personal Care Global Expansion

CAGNY 2025 86
 International Presence
is Expanding

12 40 50+
Countries in 2023 Countries by Countries by end
end of 2024 of 2025!

87
 90 countries
Sold in
Celebrating 50 years
3-year CAGR of +16%
#1 brand in key markets

88
Winning NPD From the World’s
#1 Dry Shampoo Brand

89
OxiClean Growth in Japan
#1 Powder Stain Remover
5 YEAR 3 YEAR 1 YEAR

17% 18% 20%

Japan Power Liquid launch in Japan

90
Launched in 12 International
Markets in 2024!

Already the #1 laundry

sheet on Amazon
Mexico

25+ global markets by

the end of 2025

91
Investing for Growth in International

• Acquired Graphico in Japan

• Implemented a Global ERP System

• Widened Regulatory & IT Infrastructure

• Expanded Offices in Panama and Singapore

• Rapidly expanded acquisitions (Hero & TheraBreath)

• Added M&A International Resources

CAGNY 2025 92
 Specialty
Products Division
(SPD)
SPD Organic Sales Evergreen Target: +5%

3% United States

4% 8% International

5% Specialty Products
CAGNY 2025 94
SPD 2024 Net Sales

62%
Animal 2024
Nutrition SPD
Net Sales

~$300MM
38%
Specialty
Chemicals

CAGNY 2025 95
Specialty Products Division is Comprised of 3 Businesses
Animal Nutrition Performance Products B2B

CAGNY 2025 96
Specialty Products Division is Comprised of 3 Businesses
Animal Nutrition Performance Products B2B

CAGNY 2025 97
Specialty Products Division is Comprised of 3 Businesses
Animal Nutrition Performance Products B2B

CAGNY 2025 98
SPD Organic Sales Performance

12.0%

7.1%
5.3%
3.7%
0.4%

-3.4% -3.3%

-7.9%
2017 2018 2019 2020 2021 2022 2023 2024

CAGNY 2025 99
“SPD Reimagined” Growth Drivers

Divested Non- Global Expansion Marketing &

Portfolio Strategy
Strategic Assets – Eurasia & LATAM Innovation

CAGNY 2025 100

Brand Marketing & Innovation Acceleration Across
Businesses – Animal Nutrition

Innovative Proprietary Probiotic Solutions

CAGNY 2025 101

Animal Nutrition: Growing International Presence

International Organic Sales

28%

+7% Organic
Sales Growth
vs 2023

<6%

2015 2024

CAGNY 2025 102

Investing for Growth in SPD…

• Portfolio Strategy (Certillus & Celmanax)

• Investing in Brand Marketing

• Innovation Acceleration across all 3

businesses

• International Expansion – Eurasia & LATAM

CAGNY 2025 103

 How We Run
the Company

104
 We Have Five Operating Principles

1 2 3 4 5

Leverage Friend of the Leverage Leverage Leverage

Brands Environment People Assets Acquisitions
Brands consumers Long history of Highly productive We strive to be Good shareholder
love around the being a friend to people in a place asset light returns become
world the environment where people great shareholder
matter returns

105
 We Have Five Operating Principles

1 2 3 4 5

Leverage Friend of the Leverage Leverage Leverage

Brands Environment People Assets Acquisitions
Brands consumers Long history of Highly productive We strive to be Good shareholder
love around the being a friend to people in a place asset light returns become
world the environment where people great shareholder
matter returns

106
 We Have Five Operating Principles

1 2 3 4 5

Leverage Friend of the Leverage Leverage Leverage

Brands Environment People Assets Acquisitions
Brands consumers Long history of Highly productive We strive to be Good shareholder
love around the being a friend to people in a place asset light returns become
world the environment where people great shareholder
matter returns

107
 Climate Is More Relevant Than Ever,
Especially For Younger Consumers

67% make a
sustainable planet
their top priority.

Datapoints shown for Gen Z

Source: Pew Research Center, survey April 20-29, 2021; NCP survey, 2021 108
Church & Dwight’s Environmental Heritage

2023 -
1888 1907 1970s 2017 2018
present
Company Company Sole sponsor of Partnering 100% of global Commenced
introduces institutes the first Earth Day. with the electricity projects for
pro- use of Arbor Day demand offset Science Based
environmental recycled Launches first Foundation to by green Targets
wall charts paperboard to non-polluting, plant millions energy.
and trading package phosphate- of trees in the
cards as household free laundry Mississippi
product products. detergent. River Valley.
promotion.

CAGNY 2025 109

1888: Promoting the Importance of Preserving the
Environment

CAGNY 2025 110

Our ESG Score Remains High

2022 CCC B BB BBB A AA AAA

2023 CCC B BB BBB A AA AAA

2024 CCC B BB BBB A AA AAA

CAGNY 2025 111

 We Have Five Operating Principles

1 2 3 4 5

Leverage Friend of the Leverage Leverage Leverage

Brands Environment People Assets Acquisitions
Brands consumers Long history of Highly productive We strive to be Good shareholder
love around the being a friend to people in a place asset light returns become
world the environment where people great shareholder
matter returns

112
 Industry Leading Revenue Per Employee

$1,061 Revenue per Employee

(in ‘000s)

CHD CLOROX PG Kenvue COLGATE KIMBERLY RECKITT EDGEWELL NEWELL

Source: Most recent SEC filings

CAGNY 2025 113

Simple Compensation Structure

Net
Revenue
Bonuses are tied 100% to
business results. Strategic
Gross
Margin
Initiatives
Management is required to Expansion
be heavily invested in
company stock.
Cash
EPS From
Operations

CAGNY 2025 114

All CHURCH & DWIGHT Employees Focus On Gross Margin

20%
Gross margin is of all
employees’ annual bonus.

CAGNY 2025 115

Key Gross Margin Growth Drivers

Good to
Supply Chain
Great Cost
Optimization
Optimization

Acquisition
New Products
Synergies

CAGNY 2025 116

 We Have Five Operating Principles

1 2 3 4 5

Leverage Friend of the Leverage Leverage Leverage

Brands Environment People Assets Acquisitions
Brands consumers Long history of Highly productive We strive to be Good shareholder
love around the being a friend to people in a place asset light returns become
world the environment where people great shareholder
matter returns

117
 Minimal Capital Investment
Capital Expenditures as a % of Sales
5.4%

3.8%
3.3%
2.8% 2.9%
2.5% 2.5%
2.3%
2.1% 2.1% 2.0% ~2% ~2%
1.8% 1.7%
1.4% 1.4%
1.2%

$135 $64 $77 $75 $67 $71 $62 $50 $45 $60 $74 $99 $119 $179 $224 $180 $130

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025E 2026E
Outlook as of January 31, 2025

CAGNY 2025 118

 We Have Five Operating Principles

1 2 3 4 5

Leverage Friend of the Leverage Leverage Leverage

Brands Environment People Assets Acquisitions
Brands consumers Long history of Highly productive We strive to be Good shareholder
love around the being a friend to people in a place asset light returns become
world the environment where people great shareholder
matter returns

119
 Long History of Growth Through Acquisitions

Net Sales $6.1

$ Billions

$1.5

2004 2005 2006 2008 2010 2011 2012 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Note: Trojan, Nair and First Response acquired in two parts – 2001 and 2004. Outlook as of August 2, 2024.

CAGNY 2025 120

 We have confidence
in our future.

Evergreen model Expanding Sustainable high Consistent Digitally savvy Focus on

is healthy household International innovation domestic and
penetration in growth rate international
the U.S. M&A

CAGNY 2025 121

Reconciliation of Non-GAAP Measures

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 SG&A, (3) Adjusted EPS, (4) Free Cash Flow and
Free Cash Flow Conversion, and (5) 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.

CAGNY 2025 123

Reconciliation of Non-GAAP Measures
Organic Sales Growth
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.

TOTAL COMPANY
Acquisitions &
Year Reported FX Divestitures Organic
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%
2016 2.9% 1.2% -0.9% 3.2%
2015 2.9% 2.7% -2.0% 3.6%

2025 Analyst Day 124

Reported & Adjusted Non-GAAP Reconciliations

Adjusted SG&A Reconciliation

For the year ending December 31,

2024 2023 2022 2021 2000 2019

SG&A - Reported 21.0% 15.2% 20.8% 11.7% 12.1% 14.4%

Brazil Charge 0.0% 0.0% 0.0% 0.0% 0.0% -0.2%
Flawless Earnout Adjustment 0.0% 0.0% 0.0% 1.9% 1.9% -0.2%
Flawless I ntangible Assets I mpairment 0.0% 0.0% -7.7% 0.0% 0.0% 0.0%
Passport Earnout Rev ersal 0.0% 0.0% 0.0% 0.0% 0.0% 0.2%
Sale of I nternational Brand 0.0% 0.0% 0.0% 0.0% 0.1% 0.0%
Retricted Stock I ssued in Hero Acquisition -0.3% -0.5% -0.1% 0.0% 0.0% 0.0%
VMS Asset I mpairments -5.8% 0.0% 0.0% 0.0% 0.0% 0.0%
SG&A Adjusted (non-gaap) 14.9% 14.7% 13.0% 13.6% 14.1% 14.2%

CAGNY 2025 125

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:
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.

CAGNY 2025 126

Reported & Adjusted Non-GAAP Reconciliations

Adjusted EPS Reconciliation

For the year ending December 31,

2024 2023 2022 2021 2020 2019 2018 2017

EPS - Reported $ 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$ 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 $ - 0 $ - $ - $ - $ -
Hero Restricted Stock $ 0.08 $ 0.12 $ 0.03 $ - 0 $ - $ - $ - $ -
EPS - Adjusted (Non-GAAP) $ 3.44 $ 3.17 $ 2.97 $ 3.02 $ 2.83 $ 2.47 $ 2.27 $ 1.94

CAGNY 2025 127

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.

Reconciliations 128
Reconciliation of GAAP and Non-GAAP Financial Measures
Total Debt to Bank EBITDA
Total Debt to Bank EBITDA is a ratio used in our debt agreements. Bank EBITDA (a non-GAAP measure) is a form of adjusted
EBITDA, and represents earnings from Income (a GAAP measure), excluding interest income, interest expense, and before
income taxes, depreciation, and amortization (EBITDA) and certain other adjustments per the Company’s Credit Agreement.
Total Debt is defined as short- and long-term debt as defined by GAAP, plus items that are classified as debt by the Company’s
credit agreement. These items include Letters of Credit, Capital and Synthetic Lease Obligations, and certain Guarantees.
Management believes the presentation of Total Debt to Bank EBITDA provides additional useful information to investors about
liquidity and our ability to service existing debt.
2024 2023 2022 2021 2020 2019 2018 2017 2016

Total Debt as Presented (1) $ 2,204.6 $ 2,406.0 $ 2,673.6 $ 2,596.9 $ 2,163.9 $ 2,063.1 $ 2,107.1 $ 2,374.3 $ 1,120.1
Other Debt per Cov enant (2) 43.4 43.3 1.0 1.5 15.9 56.7 59.2 75.1
Total Debt per Credit Agreement $ 2,204.6 $ 2,449.4 $ 2,716.9 $ 2,597.9 $ 2,165.4 $ 2,079.0 $ 2,163.8 $ 2,433.5 $ 1,195.2

Net Cash from Operations $ 1,164.4 $ 1,039.7 $ 885.2 $ 993.8 $ 990.3 $ 864.6 $ 763.6 $ 681.5 $ 655.3
I nterest Paid 94.4 111.9 86.0 51.8 58.8 70.6 74.9 33.3 25.6
Current Tax Prov ision 176.2 225.6 109.4 204.2 162.2 152.2 139.8 186.9 222.0
Change in Working Capital and other Liabilities (8.3) (9.2) 186.6 95.0 37.3 (33.2) (14.2) (0.8) 30.0
Other Adjustments, Net 91.5 9.2 41.2 31.6 46.2 17.9 - 50.2 (74.4)

Adjusted EBI TDA (per Credit Agreement) $ 1,518.2 $ 1,377.2 $ 1,308.4 $ 1,376.4 $ 1,294.8 $ 1,072.1 $ 964.1 $ 951.1 $ 858.5

Ratio 1.5 1.8 2.1 1.9 1.7 1.9 2.2 2.6 1.4

No tes:
(1)
Net o f Deferred Financing Co sts per A SC 2015-03, "Simplifying the P resentatio n o f Debt Issuance Co sts"
(2)
Includes Letters o f Credit, Capital and Synthetic Lease Obligatio ns, A cquisitio n Liabilities and certain Guarantees.

Reconciliations 129
Reconciliation of GAAP and Non-GAAP Financial Measures
Total Debt to Bank EBITDA, Continued
Total Debt to Bank EBITDA is a ratio used in our debt agreements. Bank EBITDA (a non-GAAP measure) is a form of adjusted EBITDA, and
represents earnings from Income (a GAAP measure), excluding interest income, interest expense, and before income taxes, depreciation,
and amortization (EBITDA) and certain other adjustments per the Company’s Credit Agreement.
Total Debt is defined as short- and long-term debt as defined by GAAP, plus items that are classified as debt by the Company’s credit
agreement. These items include Letters of Credit, Capital and Synthetic Lease Obligations, and certain Guarantees.
Management believes the presentation of Total Debt to Bank EBITDA provides additional useful information to investors about liquidity and
our ability to service existing debt.
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 Cov enant (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
I nterest Paid 29.0 25.7 26.4 9.7 9.2 29.3 35.6
Current Tax Prov ision 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 EBI TDA (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.

Reconciliations 130
Reconciliation of Non-GAAP Measures (Q4 2024)
Organic Sales Growth

Three Months Ended 12/31/2024

Total Worldwide Consumer Consumer Specialty

Company Consumer Domestic International Products
Reported Sales Growth 3.5% 4.1% 2.7% 10.2% -6.6%
Less:
Acquisitions 0.3% 0.4% 0.0% 2.0% 0.0%
Add:
FX / Other 0.0% 0.0% 0.0% 0.0% 0.0%
Divestitures 0.8% 0.0% 0.0% 0.0% 16.9%

Organic Sales Growth 4.0% 3.7% 2.7% 8.2% 10.3%

Adjusted Gross Margin Reconciliation

Three Months Ended
12/31/2024 12/31/2023 Change
% of NS % of NS

Gross Margin - Reported $ 707.9 44.7% $ 681.3 44.6% 10 bps

Tariff Ruling $ (2.4) -0.1% $ - 0.0% -10 bps

Diluted Earnings Per Share - Adjusted (non-GAAP) $ 705.5 44.6% $ 681.3 44.6% 0 bps

CAGNY 2025 131

Reconciliation of Non-GAAP Measures (Q4 2024)

Adjusted Diluted Earnings Per Share Reconciliation

Three Months Ended
12/31/2024 12/31/2023 Change

Diluted Earnings Per Share - Reported $ 0.76 $ 0.62 22.6%

Tariff Ruling - -

Hero Restricted Stock 0.01 0.03

Diluted Earnings Per Share - Adjusted (non-GAAP) $ 0.77 $ 0.65 18.5%

CAGNY 2025 132