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 December 31, 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
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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
• Baby boomers spending on duplicate equipment for grandparents home
New management
• Enhanced experience across functional areas
• Focus on improving operating performance and continued debt reduction
Expanding revenue potential
• Focus on consumer driven innovation in core categories
• International markets
• Brand protection
Earnings expansion underway
• Streamlined operations
• Exited poorly performing products / licensing arrangements
• Focus on high-margin categories and effective pricing strategies
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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 of Strong Brands 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
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Business Overview
5. Turnaround Progressing
Streamlined, Focused Operations
• Exited non-core, low-margin areas & licensing
agreements
• Slashed $4M in annual costs
- G&A expenses down 10% versus 2015
• Reduced inventory to lowest levels in recent history
- Greatly improved quality of inventory
• Restructured credit facilities, saving $1M in cash
annually
• Now focused on high-margin, targeted growth
markets
• Continue to drive cash flow
• Further reduce debt and de-lever balance sheet
Summer Infant in Strong Position to Accelerate
Top Line Expansion
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6. Focus on Core Brands & Channel Diversification
Focus on Core Brands
• Reduction or elimination of lower profit
licensed and private label products
• Product innovation focus on Summer and
SwaddleMe brands and sub brands
• Goal of new product introductions each year
representing at least 20% of annual revenue
Customer & Channel Diversification
• Increased focus and growth from e-commerce;
now 30% of sales from 23% in 2015
• Future revenue opportunities identified in
International, emerging sub brands, and new
product introductions
• Working with select large retailers to enhance
presence on their websites
• Working to improve mobile and e-commerce
capabilities on summerinfant.com
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All Other
12%
Baby
Specialty
21%
E-Comm
30%
International
14%
Mass
23%
2016 Sales by Channel
Babies R Us
BuyBuyBaby
Walmart (US)
Target (US)
Amazon, Diapers.com,
all Other US & Int E-Comm
7. 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.
7*various sources and Company data
Understanding Millennial Moms
11. Summer Monitors
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Wide View 2.0
• Large 5” color LCD video display
• Wide view lens technology
• Soft glow night light
• Automatic night vision
• Digital zoom
• Talk back to baby
• Sound lights
• Add up to 4 cameras
• 800ft range
• Adjustable swivel camera
• Table top or wall mountable
Wide view lens allows parent’s to see 4x more
of baby’s room
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
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13. Summer Strollers
In Industry Top Five in 3 Years
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3Dtote
• Convenience stroller with large storage
• XXL expandable storage basket
• Diaper bag hooks on handlebars
• Side & back storage pockets
• Cup holder, baby bottle holders, & toy loops
• 1 hand recline
• Large canopy with peek window
• Compact fold with auto-lock & carry strap
• Smooth glide wheels
• Super padded contoured hand grips
• Holds up to 50lbs
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
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15. 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
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16. Financials
Gross Margin Growth Year/Year
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December 31, 2016 January 2, 2016 December 31, 2016 January 2, 2016
Net sales 45,531$ 50,779$ 194,328$ 205,804$
Cost of goods sold 31,233 35,180 132,577 143,854
Gross profit 14,298$ 15,599$ 61,751$ 61,950$
General and administrative expenses
(1) 10,823 10,897 41,292 46,132
Selling expense 3,785 4,485 15,269 17,780
Depreciation and amortization 1,568 2,853 5,011 6,780
Impairment of intangible assets 2,993 - 2,993 -
Operating loss (4,871)$ (2,636)$ (2,814)$ (8,742)$
Interest expense 781 580 2,682 3,333
Loss before taxes (5,652)$ (3,216)$ (5,496)$ (12,075)$
Income tax expense benefit (1,174) (111) (1,174) (3,424)
Net loss (4,478)$ (3,105)$ (4,322)$ (8,651)$
Loss per diluted share (0.24)$ (0.17)$ (0.23)$ (0.47)$
Shares used in fully diluted EPS 18,488,342 18,351,914 18,440,436 18,267,596
(1)
Includes stock based compensation expense
Three Months Ended Twelve Months Ended
17. Balance Sheet
17
December 31, 2016 January 2, 2016
Cash and cash equivalents $ 999 $ 923
Trade receivables, net 34,137 40,514
Inventory, net 36,140 36,846
Property and equipment, net 9,965 12,007
Intangible assets, net 14,813 18,512
Other assets 5,683 4,336
Total assets $ 101,737 $ 113,138
Accounts payable $ 30,684 $ 29,541
Accrued expenses 7,757 9,584
Current portion of long-term debt 4,500 3,318
Long term debt, less current portion
(1) 41,206 48,767
Other long term liabilities 2,770 2,962
Total liabilities 86,917 94,172
Total stockholders’ equity 14,820 18,966
Total liabilities and stockholders’ equity $ 101,737 $ 113,138
18. Adjusted EBITDA & EPS Reconciliation
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December 31, 2016 January 2, 2016 December 31, 2016 January 2, 2016
Reconciliation of Adjusted EBITDA
Net loss (GAAP) (4,478)$ (3,105)$ (4,322)$ (8,651)$
Plus: interest expense 781 580 2,682 3,333
Plus: benefit for income taxes (1,174) (111) (1,174) (3,424)
Plus: depreciation and amortization 1,568 2,853 5,011 6,780
Plus: impairment of intangible assets 2,993 - 2,993 -
Plus: non-cash stock based compensation expense 88 165 482 865
Plus: permitted add-backs 1,088 1,454 4,934 10,794
Adjusted EBITDA (Non-GAAP) 866$ 1,836$ 10,606$ 9,697$
Reconciliation of Adjusted EPS
Net loss (GAAP) (4,478)$ (3,105)$ (4,322)$ (8,651)$
Plus: permitted add-backs 1,088 1,454 4,934 10,794
Plus: accelerated amortization - 1,532 - 1,532
Plus: impairment of intangible assets 2,993 - 2,993 -
Plus: unamortized financing costs - - - 685
Tax impact of items impacting comparability (1,072) (973) (2,322) (4,241)
Adjusted Net (loss)/income (Non-GAAP) (1,469)$ (1,092)$ 1,283$ 119$
Adjusted (Loss)/Earnings per diluted share (Non-GAAP) (0.08)$ (0.06)$ 0.07$ 0.01$
Three Months Ended Twelve Months Ended
19. Investor Highlights
• Leading Designer &
Supplier of Juvenile
Products
• Strong Well-Known
Brands
• Positive Industry
Dynamics
• Experienced
Management Team
• Focused on Core
Strengths: R&D,
Leveraging our Brands,
and Operational
Excellence
• Targeted Growth
Strategies in all Product
Categories
.
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20. 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 December 31, 2016. 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.
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