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September 2016
Certain statements in this presentation that are not historical fact may be deemed “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and Summer
intends that such forward-looking statements be subject to the safe harbor created thereby. Such
forward-looking statements include statements regarding the market position of Summer; the growth
prospects of Summer; anticipated sales and operating results; the development of new products;
demand for Summer’s products; and Summer’s business strategy. Summer cautions that these
statements are qualified by important factors that could cause actual results to differ materially from
those reflected by such forward-looking statements. Such factors include the concentration of
Summer’s business with retail customers; the ability of Summer to compete in its industry; Summer’s
dependence on key personnel; Summer’s reliance on foreign suppliers; the costs associated with
pursuing and integrating strategic acquisitions; the costs associated with protecting intellectual
property; and other risks as detailed in Summer’s Annual Report on Form 10-K for the fiscal year
ended January 2, 2016, and subsequent filings with the Securities and Exchange Commission. The
information contained in this presentation is accurate as of the date set forth on the cover page.
Summer assumes no obligation to update the information contained in this presentation.
Safe Harbor
2
Investor Highlights
Leading provider of juvenile products with strong, well-
known brands and emerging sub-brands
• Summer - Monitors, Safety, Gear, & Bath
• SwaddleMe - Nursery
• Born Free - Feeding
Positive industry dynamics
• Stabilization of birth rates and 1st child spend are up
• More Millennial parents with higher disposable income
New management
• Enhanced experience across functional areas
• Focus on improving operating performance, and reducing debt
Expanding revenue potential
• Focus on consumer driven innovation in core categories
• Expanding e-commerce opportunities
• International markets and specialty retail
Earnings expansion underway
• Streamlined operations
• Exited poorly performing products / licensing arrangements
• Focus on high-margin categories and effective pricing strategies
3
Business Overview
Unique
Positioning
to Meet
Moms Needs
Brand
Key
Categories
Creating a safe, calm feeding
experience
Innovative Care & Safety
products that provide
peace of mind
The authority on safe sleep
A Portfolio ofA Portfolio ofA Portfolio ofA Portfolio of SSSStrongtrongtrongtrong BBBBrands with Focus on Key Parenting Needsrands with Focus on Key Parenting Needsrands with Focus on Key Parenting Needsrands with Focus on Key Parenting Needs
Serving Key Consumer Touch Points in Safety, Safe Sleep, and Feeding
Leveraging Brand Positioning, Breadth of Product Offering &
Innovation to Improve Consumer Relationship
Monitors
Gates
Bath & Potty
Strollers
Travel Accessories
Highchairs/Boosters
Swings/Bouncers
Bottles
Pacifiers
Teethers
Feeding
Electronics
Wearable Blankets
Infant Sleep Aids
Bedding
4
Business Overview
Monitors Expansion
Social
Engagement
Content
Apps & Software
Expansion
Monitor
Nursery
Feeding
Safety
On-the-Go
Demonstrated Strength in New Product Development
Monitors
Summer Smart
Product Refresh
SwaddleMe
Line Expansion
Refreshed branding
Safety
Pop sub brand
Gear
Expanded
Stroller line
2016 Opportunities
5
Product Priorities
Nursery
Baby my Baby
sub brand
Feeding
New Bottles
Kiddo
The fun sub
brand
Understanding Millennial Moms
59% bought a
product
recommended by
another mom on a
parenting site 44% make
purchases online
via their
smartphone
85% of the time
they spend
online is using
APPS
9,000 Babies
each day are
born to our
Millennial Mom
Millennials
represent $170
billion in annual
purchasing power
Connected:
Texting, pinning, tweeting,
status updating; she
spends on average 17.4
hours a week on Social
media.
Believe strongly
that recommendations
by other parents (46%)
and experts (35%) is
important
Share Everything/
Share Often:
Online and in-person, she
talks about her product
experiences and solicits
feedback from her peers
when planning a purchase.
6*various sources and Company data
Understanding Millennial Moms
Retail Partners
7
Focus on Core Brands & Channel Diversification
Focus on Core Brands
• 2015 sales from core brands increased 6.1% on
a constant currency basis
• Reduction in lower profit licensed brands
• Product innovation focus on Summer,
SwaddleMe and Born Free brands and sub
brands
• Goal of new product introductions each year
representing at least 20% of annual revenue
Customer & Channel Diversification
• Top 7 customer; 73% 2015 vs. 74% 2014
• Increased focus and growth from e-commerce; up
15% year-over-year
• Future revenue opportunities identified in
International, emerging sub brands, and new
product introductions
• Working with select large retailers to enhance our
presence on their websites
• Working to improve mobile and e-commerce
capabilities on summerinfant.com
$-
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
2012 2013 2014 2015
Sales by Brand
Summer Owned Brands Private Label Licensed Brands
All Other
6%
Baby Specialty
24%
Dept Stores
3%
Discount/Outlet
3%
E-Comm
23%
International
15%
Mass
23%
Specialty
3%
2015 Sales by Channel
Babies R Us
BuyBuyBaby
(Excl Drop-Ship)
Walmart (US)
Target (US)
(Excludes
.COM)
Canada
EMEA
APLA
Amazon
Diapers.com, Zulily
(US & Int Retailers/Drop Ship)
8
Turnaround Progressing
Recent Successes
• Released multiple new products with 4+ Star ratings
• Exited non-core areas & licensing agreements
• Reduced operating costs by $4M
• Reduced inventory 17% and working capital by 30%
• Restructured credit facilities saving $1M in cash
annually
2016
• Grow sales by targeting new markets & developing
sub brands (Kiddopotamus, Pop, Baby my Baby)
• Expand margins via new releases and improving
running line margins
• Drive cash flow
• Continue to pay down debt
• Leverage G&A infrastructure
9
Babble Band™
Wearable Audio Monitor
o Soft silicone wristband adjusts to fit
o Voice-activated (VOX) audio monitor
up to 800 ft. range
o 3 monitoring modes
o Baby unit is recharging base
o Rated 4.4 stars
Liv Cam™
On-the-go Camera
o Peer-to peer WiFi with easy setup
o Free APP
o No cellular data charges
o Compatible with iOS and Android devices
o Travel-friendly mounting options
o Automatic night vision
Summer Monitors
The Bump - Best of Baby 2016
Innovation Award
10
11
Summer Safety
My Size Potty
o Look and feel of an adult toilet
o Helps ensure a comfortable and confident
transition to the real thing.
o Toilet handle makes a flushing sound
o With built in wipe dispenser
o Exceeding all expectations
o 4.3 stars on Amazon
Waterfall Baby Bather
o Soothing waterfall feature circulates water to
help clean and warm baby
o Removable bolster to support newborns
12
Evolv All Terrain Stroller
KEY FEATURES
• Trunk friendly fold, 2 modes:
• Jogging – front wheel locks forward for added
stability when running
• Everyday – front wheel flips back into swivel mode
• Large oversized canopy with peek window and reflective
details
• TONS of storage – parent tray with cup holder, mesh
pocket & cell phone holder, middle mesh storage bag,
lower storage basket
• Adjustable handlebar
• Bluetooth speaker for handsfree jogging
3D lite
Convenience Stroller
o one of the lightest and most
feature rich convenience strollers
on the market.
o easy to fold frame and
carry strap
o Consumers Digest Best Buy
Summer Strollers
In Industry Top Five in 3 Years
13
SwaddleMe – 4 Stages of Swaddles
o SwaddleMe knows that when your baby sleeps
better, you sleep better. Our entire line of sleep
products has been expertly designed and tested to
keep babies snug, safe, and comfy every night
throughout their first year.
SAFER SLEEP. BRIGHTER DAYS.
SwaddleMe Wearable Blanket
• Mother & Baby Awards, Best Newborn Sleep
Aid – BRONZE 2010
• She Knows Parenting Awards 2013
• American Baby, BESTS 2013
• Mom’s Choice Awards, SILVER 2015
14
Born Free® Breeze
o With only two parts, the Born Free breeze™ glass
bottle is the easiest to clean bottle system that
both you and your baby will love. The anti-colic
design ActiveFlow® vent puts baby in flow-control.
Breeze BPA-free glass bottles are made from
ThermaSafe™ glass and can safely go from
freezer to boiling water.
o Rated 4.8 stars
Born Free Breeze Bottles
The Bump Best of Baby
Awards 2016
15
Kiddopotamus
Super Duper Seat
o 360 degrees of floor time activity
fun & booster in one
o Soft foam Support seat
o Activity Seat
o Booster seat
16
Pop Line – Portable On The Go Products
Pop ‘n Jump is the perfect entertainer for parents and
babies on the go! It’s compact, light-weight folding frame
comes fully assembled and sets up in seconds.
• Pop ‘n Sit Portable Booster makes feeding time
easy with a removable, BPA free tray, innovative pop
and fold set-up, and over the shoulder carrying bag.
Rated 4.8 stars
• Pop ‘n Sit High Chair is perfect for dining on-the-go or
even in the patio with your little one. When your baby
needs a place to eat, just pop it open.
• Pop’n Play Ultimate Playard allows you to create a
safe portable play area for baby.
Consumer Digest Best Buy
17
Baby My Baby
o The Summer Infant Baby My Baby collection offers
products that enhance the natural benefits of infant
massage. This line, the first of its kind, was designed
to inform parents about the benefits of massage for
both baby and caregivers and to provide them the
perfect products to facilitate a wonderful bonding
experience.
18
Recent Financials
Gross Margin Growth Year/Year
19
July 2, 2016 July 4, 2015 July 2, 2016 July 4, 2015
Net sales 50,575$ 51,807$ 100,245$ 104,820$
Cost of goods sold 34,374 38,036 68,318 74,074
Gross profit 16,201$ 13,771$ 31,927$ 30,746$
General and administrative expenses
(1) 9,981 11,972 20,734 22,282
Selling expense 3,901 4,308 7,817 9,176
Depreciation and amortization 1,160 1,318 2,316 2,652
Operating income/(loss) 1,159$ (3,827)$ 1,060$ (3,364)$
Interest expense 628 1,318 1,268 2,164
Income/(loss) before taxes 531$ (5,145)$ (208)$ (5,528)$
Income tax expense/(benefit) 275 (1,672) (131) (1,813)
Net income/(loss) 256$ (3,473)$ (77)$ (3,715)$
Income/(loss) per diluted share 0.01$ (0.19)$ (0.00)$ (0.20)$
Shares used in fully diluted EPS 18,421,955 18,230,893 18,403,852 18,204,545
(1)
Includes stock based compensation expense
Three Months Ended Six Months Ended
Balance Sheet
Restructured Debt, Reduced Inventory, and
Lowered Working Capital Needs in 2015
20
July 2, 2016 January 2, 2016
(unaudited)
Cash and cash equivalents $ 1,147 $ 923
Trade receivables, net 38,329 40,514
Inventory, net 36,633 36,846
Property and equipment, net 11,311 12,007
Other intangible assets, net 18,159 18,512
Other assets 4,612 4,336
Total assets $ 110,191 $ 113,138
Accounts payable $ 28,898 $ 29,541
Accrued expenses 8,975 9,584
Current portion of long-term debt 4,519 3,318
Long term debt, less current portion 45,788 48,767
Other long term liabilities 2,768 2,962
Total liabilities 90,948 94,172
Total stockholders’ equity 19,243 18,966
Total liabilities and stockholders’ equity $ 110,191 $ 113,138
Adjusted EBITDA & EPS Reconciliation
21
July 2, 2016 July 4, 2015 July 2, 2016 July 4, 2015
Reconciliation of Adjusted EBITDA
Net income/(loss) (GAAP) 256$ (3,473)$ (77)$ (3,715)$
Plus: interest expense 628 1,318 1,268 2,164
Plus: expense/(benefit) for income taxes 275 (1,672) (131) (1,813)
Plus: depreciation and amortization 1,160 1,318 2,316 2,652
Plus: non-cash stock based compensation expense 91 246 218 419
Plus: permitted add-backs 977 4,416 2,866 5,015
Adjusted EBITDA (Non-GAAP) 3,387$ 2,153$ 6,460$ 4,722$
Reconciliation of Adjusted EPS
Net income/(loss) (GAAP) 256$ (3,473)$ (77) (3,715)
Plus: permitted add-backs 977 4,416 2,866 5,015
Plus: unamortized financing costs - 685 - 685
Tax impact of items impacting comparability (342) (1,658) (1,003) (1,870)
Adjusted Net income/(loss) (Non-GAAP) 891$ (30)$ 1,786$ 115$
Adjusted Earnings per diluted share (Non-GAAP) 0.05$ (0.00)$ 0.10$ 0.01$
Three Months Ended Six Months Ended
Investor Highlights • Leading Designer &
Supplier of Juvenile
Products
• Strong Well-Known
Brands
• Positive Industry
Dynamics
• Experienced
Management Team
• Focused on Core
Strengths: NPD,
Leveraging our Brands,
and Operational
Excellence
• Targeted Growth
Strategies in all our
Product Categories
• 2016 Leverage
Infrastructure
22
Use of Non-GAAP Financial Metrics
This presentation includes certain financial information not derived in accordance with generally
accepted accounting principles (“GAAP”). This presentation includes references to EBITDA, which is
defined as income before interest and taxes plus depreciation, amortization, deal-related fees and
non-cash stock option expense. Summer believes that the presentation of this non-GAAP measure
provides information that is useful to investors as it indicates more clearly the ability of Summer’s
assets to generate cash sufficient to pay interest on its indebtedness, meet capital expenditure and
working capital requirements and otherwise meet its obligations as they become due. This
presentation includes references to adjusted EBITDA and adjusted earnings per diluted share.
Adjusted EBITDA is defined as income before interest and taxes plus depreciation, amortization, non-
cash stock option expense and bank permitted add-backs.”
Recipients of the presentation and other interested persons are advised to read all reports and other
filings made by Summer with the Securities and Exchange Commission under the Securities Act of
1933, as amended, and Securities Exchange Act of 1934, as amended, including, but not limited to,
Summer’s Annual Report on Form 10-K for the year ended January 3, 2015. You can obtain a copy of
any of these filings, without charge, by directing a request to Summer Infant, Inc., 1275 Park East
Drive, Woonsocket, RI 02895, or on the Internet at the SEC’s website, www.sec.gov.
23
Thank You
24

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Summer 2016 Investor Presentation Highlights Growth Strategy

  • 2. Certain statements in this presentation that are not historical fact may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and Summer intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements include statements regarding the market position of Summer; the growth prospects of Summer; anticipated sales and operating results; the development of new products; demand for Summer’s products; and Summer’s business strategy. Summer cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include the concentration of Summer’s business with retail customers; the ability of Summer to compete in its industry; Summer’s dependence on key personnel; Summer’s reliance on foreign suppliers; the costs associated with pursuing and integrating strategic acquisitions; the costs associated with protecting intellectual property; and other risks as detailed in Summer’s Annual Report on Form 10-K for the fiscal year ended January 2, 2016, and subsequent filings with the Securities and Exchange Commission. The information contained in this presentation is accurate as of the date set forth on the cover page. Summer assumes no obligation to update the information contained in this presentation. Safe Harbor 2
  • 3. Investor Highlights Leading provider of juvenile products with strong, well- known brands and emerging sub-brands • Summer - Monitors, Safety, Gear, & Bath • SwaddleMe - Nursery • Born Free - Feeding Positive industry dynamics • Stabilization of birth rates and 1st child spend are up • More Millennial parents with higher disposable income New management • Enhanced experience across functional areas • Focus on improving operating performance, and reducing debt Expanding revenue potential • Focus on consumer driven innovation in core categories • Expanding e-commerce opportunities • International markets and specialty retail Earnings expansion underway • Streamlined operations • Exited poorly performing products / licensing arrangements • Focus on high-margin categories and effective pricing strategies 3
  • 4. Business Overview Unique Positioning to Meet Moms Needs Brand Key Categories Creating a safe, calm feeding experience Innovative Care & Safety products that provide peace of mind The authority on safe sleep A Portfolio ofA Portfolio ofA Portfolio ofA Portfolio of SSSStrongtrongtrongtrong BBBBrands with Focus on Key Parenting Needsrands with Focus on Key Parenting Needsrands with Focus on Key Parenting Needsrands with Focus on Key Parenting Needs Serving Key Consumer Touch Points in Safety, Safe Sleep, and Feeding Leveraging Brand Positioning, Breadth of Product Offering & Innovation to Improve Consumer Relationship Monitors Gates Bath & Potty Strollers Travel Accessories Highchairs/Boosters Swings/Bouncers Bottles Pacifiers Teethers Feeding Electronics Wearable Blankets Infant Sleep Aids Bedding 4 Business Overview
  • 5. Monitors Expansion Social Engagement Content Apps & Software Expansion Monitor Nursery Feeding Safety On-the-Go Demonstrated Strength in New Product Development Monitors Summer Smart Product Refresh SwaddleMe Line Expansion Refreshed branding Safety Pop sub brand Gear Expanded Stroller line 2016 Opportunities 5 Product Priorities Nursery Baby my Baby sub brand Feeding New Bottles Kiddo The fun sub brand
  • 6. Understanding Millennial Moms 59% bought a product recommended by another mom on a parenting site 44% make purchases online via their smartphone 85% of the time they spend online is using APPS 9,000 Babies each day are born to our Millennial Mom Millennials represent $170 billion in annual purchasing power Connected: Texting, pinning, tweeting, status updating; she spends on average 17.4 hours a week on Social media. Believe strongly that recommendations by other parents (46%) and experts (35%) is important Share Everything/ Share Often: Online and in-person, she talks about her product experiences and solicits feedback from her peers when planning a purchase. 6*various sources and Company data Understanding Millennial Moms
  • 8. Focus on Core Brands & Channel Diversification Focus on Core Brands • 2015 sales from core brands increased 6.1% on a constant currency basis • Reduction in lower profit licensed brands • Product innovation focus on Summer, SwaddleMe and Born Free brands and sub brands • Goal of new product introductions each year representing at least 20% of annual revenue Customer & Channel Diversification • Top 7 customer; 73% 2015 vs. 74% 2014 • Increased focus and growth from e-commerce; up 15% year-over-year • Future revenue opportunities identified in International, emerging sub brands, and new product introductions • Working with select large retailers to enhance our presence on their websites • Working to improve mobile and e-commerce capabilities on summerinfant.com $- $50,000,000 $100,000,000 $150,000,000 $200,000,000 $250,000,000 2012 2013 2014 2015 Sales by Brand Summer Owned Brands Private Label Licensed Brands All Other 6% Baby Specialty 24% Dept Stores 3% Discount/Outlet 3% E-Comm 23% International 15% Mass 23% Specialty 3% 2015 Sales by Channel Babies R Us BuyBuyBaby (Excl Drop-Ship) Walmart (US) Target (US) (Excludes .COM) Canada EMEA APLA Amazon Diapers.com, Zulily (US & Int Retailers/Drop Ship) 8
  • 9. Turnaround Progressing Recent Successes • Released multiple new products with 4+ Star ratings • Exited non-core areas & licensing agreements • Reduced operating costs by $4M • Reduced inventory 17% and working capital by 30% • Restructured credit facilities saving $1M in cash annually 2016 • Grow sales by targeting new markets & developing sub brands (Kiddopotamus, Pop, Baby my Baby) • Expand margins via new releases and improving running line margins • Drive cash flow • Continue to pay down debt • Leverage G&A infrastructure 9
  • 10. Babble Band™ Wearable Audio Monitor o Soft silicone wristband adjusts to fit o Voice-activated (VOX) audio monitor up to 800 ft. range o 3 monitoring modes o Baby unit is recharging base o Rated 4.4 stars Liv Cam™ On-the-go Camera o Peer-to peer WiFi with easy setup o Free APP o No cellular data charges o Compatible with iOS and Android devices o Travel-friendly mounting options o Automatic night vision Summer Monitors The Bump - Best of Baby 2016 Innovation Award 10
  • 11. 11
  • 12. Summer Safety My Size Potty o Look and feel of an adult toilet o Helps ensure a comfortable and confident transition to the real thing. o Toilet handle makes a flushing sound o With built in wipe dispenser o Exceeding all expectations o 4.3 stars on Amazon Waterfall Baby Bather o Soothing waterfall feature circulates water to help clean and warm baby o Removable bolster to support newborns 12
  • 13. Evolv All Terrain Stroller KEY FEATURES • Trunk friendly fold, 2 modes: • Jogging – front wheel locks forward for added stability when running • Everyday – front wheel flips back into swivel mode • Large oversized canopy with peek window and reflective details • TONS of storage – parent tray with cup holder, mesh pocket & cell phone holder, middle mesh storage bag, lower storage basket • Adjustable handlebar • Bluetooth speaker for handsfree jogging 3D lite Convenience Stroller o one of the lightest and most feature rich convenience strollers on the market. o easy to fold frame and carry strap o Consumers Digest Best Buy Summer Strollers In Industry Top Five in 3 Years 13
  • 14. SwaddleMe – 4 Stages of Swaddles o SwaddleMe knows that when your baby sleeps better, you sleep better. Our entire line of sleep products has been expertly designed and tested to keep babies snug, safe, and comfy every night throughout their first year. SAFER SLEEP. BRIGHTER DAYS. SwaddleMe Wearable Blanket • Mother & Baby Awards, Best Newborn Sleep Aid – BRONZE 2010 • She Knows Parenting Awards 2013 • American Baby, BESTS 2013 • Mom’s Choice Awards, SILVER 2015 14
  • 15. Born Free® Breeze o With only two parts, the Born Free breeze™ glass bottle is the easiest to clean bottle system that both you and your baby will love. The anti-colic design ActiveFlow® vent puts baby in flow-control. Breeze BPA-free glass bottles are made from ThermaSafe™ glass and can safely go from freezer to boiling water. o Rated 4.8 stars Born Free Breeze Bottles The Bump Best of Baby Awards 2016 15
  • 16. Kiddopotamus Super Duper Seat o 360 degrees of floor time activity fun & booster in one o Soft foam Support seat o Activity Seat o Booster seat 16
  • 17. Pop Line – Portable On The Go Products Pop ‘n Jump is the perfect entertainer for parents and babies on the go! It’s compact, light-weight folding frame comes fully assembled and sets up in seconds. • Pop ‘n Sit Portable Booster makes feeding time easy with a removable, BPA free tray, innovative pop and fold set-up, and over the shoulder carrying bag. Rated 4.8 stars • Pop ‘n Sit High Chair is perfect for dining on-the-go or even in the patio with your little one. When your baby needs a place to eat, just pop it open. • Pop’n Play Ultimate Playard allows you to create a safe portable play area for baby. Consumer Digest Best Buy 17
  • 18. Baby My Baby o The Summer Infant Baby My Baby collection offers products that enhance the natural benefits of infant massage. This line, the first of its kind, was designed to inform parents about the benefits of massage for both baby and caregivers and to provide them the perfect products to facilitate a wonderful bonding experience. 18
  • 19. Recent Financials Gross Margin Growth Year/Year 19 July 2, 2016 July 4, 2015 July 2, 2016 July 4, 2015 Net sales 50,575$ 51,807$ 100,245$ 104,820$ Cost of goods sold 34,374 38,036 68,318 74,074 Gross profit 16,201$ 13,771$ 31,927$ 30,746$ General and administrative expenses (1) 9,981 11,972 20,734 22,282 Selling expense 3,901 4,308 7,817 9,176 Depreciation and amortization 1,160 1,318 2,316 2,652 Operating income/(loss) 1,159$ (3,827)$ 1,060$ (3,364)$ Interest expense 628 1,318 1,268 2,164 Income/(loss) before taxes 531$ (5,145)$ (208)$ (5,528)$ Income tax expense/(benefit) 275 (1,672) (131) (1,813) Net income/(loss) 256$ (3,473)$ (77)$ (3,715)$ Income/(loss) per diluted share 0.01$ (0.19)$ (0.00)$ (0.20)$ Shares used in fully diluted EPS 18,421,955 18,230,893 18,403,852 18,204,545 (1) Includes stock based compensation expense Three Months Ended Six Months Ended
  • 20. Balance Sheet Restructured Debt, Reduced Inventory, and Lowered Working Capital Needs in 2015 20 July 2, 2016 January 2, 2016 (unaudited) Cash and cash equivalents $ 1,147 $ 923 Trade receivables, net 38,329 40,514 Inventory, net 36,633 36,846 Property and equipment, net 11,311 12,007 Other intangible assets, net 18,159 18,512 Other assets 4,612 4,336 Total assets $ 110,191 $ 113,138 Accounts payable $ 28,898 $ 29,541 Accrued expenses 8,975 9,584 Current portion of long-term debt 4,519 3,318 Long term debt, less current portion 45,788 48,767 Other long term liabilities 2,768 2,962 Total liabilities 90,948 94,172 Total stockholders’ equity 19,243 18,966 Total liabilities and stockholders’ equity $ 110,191 $ 113,138
  • 21. Adjusted EBITDA & EPS Reconciliation 21 July 2, 2016 July 4, 2015 July 2, 2016 July 4, 2015 Reconciliation of Adjusted EBITDA Net income/(loss) (GAAP) 256$ (3,473)$ (77)$ (3,715)$ Plus: interest expense 628 1,318 1,268 2,164 Plus: expense/(benefit) for income taxes 275 (1,672) (131) (1,813) Plus: depreciation and amortization 1,160 1,318 2,316 2,652 Plus: non-cash stock based compensation expense 91 246 218 419 Plus: permitted add-backs 977 4,416 2,866 5,015 Adjusted EBITDA (Non-GAAP) 3,387$ 2,153$ 6,460$ 4,722$ Reconciliation of Adjusted EPS Net income/(loss) (GAAP) 256$ (3,473)$ (77) (3,715) Plus: permitted add-backs 977 4,416 2,866 5,015 Plus: unamortized financing costs - 685 - 685 Tax impact of items impacting comparability (342) (1,658) (1,003) (1,870) Adjusted Net income/(loss) (Non-GAAP) 891$ (30)$ 1,786$ 115$ Adjusted Earnings per diluted share (Non-GAAP) 0.05$ (0.00)$ 0.10$ 0.01$ Three Months Ended Six Months Ended
  • 22. Investor Highlights • Leading Designer & Supplier of Juvenile Products • Strong Well-Known Brands • Positive Industry Dynamics • Experienced Management Team • Focused on Core Strengths: NPD, Leveraging our Brands, and Operational Excellence • Targeted Growth Strategies in all our Product Categories • 2016 Leverage Infrastructure 22
  • 23. Use of Non-GAAP Financial Metrics This presentation includes certain financial information not derived in accordance with generally accepted accounting principles (“GAAP”). This presentation includes references to EBITDA, which is defined as income before interest and taxes plus depreciation, amortization, deal-related fees and non-cash stock option expense. Summer believes that the presentation of this non-GAAP measure provides information that is useful to investors as it indicates more clearly the ability of Summer’s assets to generate cash sufficient to pay interest on its indebtedness, meet capital expenditure and working capital requirements and otherwise meet its obligations as they become due. This presentation includes references to adjusted EBITDA and adjusted earnings per diluted share. Adjusted EBITDA is defined as income before interest and taxes plus depreciation, amortization, non- cash stock option expense and bank permitted add-backs.” Recipients of the presentation and other interested persons are advised to read all reports and other filings made by Summer with the Securities and Exchange Commission under the Securities Act of 1933, as amended, and Securities Exchange Act of 1934, as amended, including, but not limited to, Summer’s Annual Report on Form 10-K for the year ended January 3, 2015. You can obtain a copy of any of these filings, without charge, by directing a request to Summer Infant, Inc., 1275 Park East Drive, Woonsocket, RI 02895, or on the Internet at the SEC’s website, www.sec.gov. 23