Lifetime Brands (LCUT) investor relations material

M&A and growth strategy

• Focus on acquiring brands in adjacent categories, leveraging existing infrastructure for accretive transactions.

• Integration of acquisitions into established distribution and sales networks creates significant synergies and cost savings.

• Asset-light model with strong cash flow supports ongoing M&A activity and capital allocation.

• Expansion into new channels, such as food service, expected to drive above-average growth.

Operational efficiency and restructuring

• Consolidated international operations, especially in the UK, to reduce inefficiencies and improve margins.

• Project Concord aims to bring international business to breakeven or eliminate unprofitable segments by year-end.

• Relocating major distribution center from New Jersey to Maryland, supported by $18M in incentives, to maintain cost neutrality and avoid rising real estate costs.

Supply chain and manufacturing strategy

• Majority of manufacturing remains in China due to infrastructure advantages, but diversification to Southeast Asia is ongoing.

• Proactive engagement with suppliers to move production out of China, with significant operations now in Vietnam, Malaysia, Cambodia, and Indonesia.

• Despite long-term plans to reduce China exposure, current tariff environment has led to some production moving back to China.