Mattel: Chairman and CEO Ynon Kreiz attends White Home roundtable with President Biden and prime U.S. CEOs to debate provide chain and the vacation season

Firm reiterates annual revenue forecast to Nasdaq 45e Investor Convention

WASHINGTON, DC – November 30, 2021 – Mattel, Inc. (NASDAQ: MAT) Chairman and CEO Ynon Kreiz attended a White Home roundtable yesterday with President Biden and prime U.S. CEOs to debate the provision chain and of the vacation season in the US.

Mr. Kreiz stated: “I’ve been inspired by President Biden’s dedication to assist the personal sector in mitigating provide chain disruptions, together with port congestion. Mattel appreciates the management of the administration to assist focus consideration and sources on this vital space.

We proceed to satisfy provide chain challenges and work carefully with our valued retail companions to attempt to meet the unprecedented demand for our product. We’re positive there might be loads of Mattel toys for teenagers of all ages to take pleasure in this vacation season.

The toy trade is rising and is predicted to proceed to develop as kids, mother and father and caregivers play extra vital roles of their lives. We recognize the invitation to share info with the White Home on Mattel’s perspective on the provision chain and getting ready the toy trade for the vacation season. We sit up for persevering with the dialogue. ”

Individually immediately, talking on the forty fifth Nasdaq Investor Convention, Kreiz added, “The fourth quarter has began properly. With lower than a month of vacation purchasing days, we’re feeling nice in regards to the vacation season and plan to proceed to develop. and acquire market share within the fourth quarter as anticipated. ”

Mr. Kreiz additional famous that Mattel is on monitor to realize its highest annual development price in a long time. When releasing its third quarter 2021 outcomes, the corporate raised its steering for the third time this yr for income and Adjusted EBITDA for full yr 2021. The corporate expects to what internet gross sales this yr improve by round 15% in fixed foreign money and adjusted EBITDA. be within the vary of $ 900-925 million. The corporate reiterated this focus at immediately’s forty fifth Nasdaq convention, which may be seen right here.

The worldwide toy trade is predicted to develop by + 5.4% CAGR over the following 5 years by 2025. World Toys has skilled 10 consecutive years of development and all time highs and is predicted to exceed $ 100 billion in 2023. (Supply: Euromonitor Conventional Toys & Video games Analysis 2021, present / face worth in USD, mounted alternate price 2020).

Ahead-looking statements

This press launch accommodates numerous forward-looking statements inside the that means of the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements may be recognized by the truth that they don’t relate strictly to historic or present info. The usage of phrases similar to “anticipates”, “expects”, “intends to”, “plans”, “is satisfied”, “believes” and “focused”, amongst others, usually establish forward-looking statements. These forward-looking statements are primarily based on at present accessible operational, monetary, financial and different info and assumptions, and are topic to numerous important dangers and uncertainties. Quite a lot of components, a lot of that are past Mattel’s management, may trigger precise future outcomes to vary materially from these projected in forward-looking statements, and are at present, and could also be sooner or later, magnified by the pandemic. of COVID-19. The particular components that might trigger such a distinction embody, however aren’t restricted to: (i) potential impacts and uncertainty concerning the COVID-19 pandemic (and actions taken in response by governments, companies and people ) on Mattel’s enterprise operations, monetary outcomes and situation and on the worldwide economic system, together with its affect on Mattel’s gross sales; (ii) Mattel’s capability to design, develop, produce, manufacture, supply, ship and distribute merchandise in a well timed and price efficient method; (iii) adequate curiosity in and demand for our merchandise and leisure from retail clients and customers to cost-effectively get better prices from Mattel; (iv) downturns in financial circumstances affecting Mattel’s markets which can negatively affect retail clients and customers, and which can end in decrease employment ranges and decrease disposable earnings and client spending , together with decrease spending on buying Mattel merchandise; (v) different components which will cut back discretionary client spending, similar to greater gas and meals prices, declining values ​​of properties or different client items, and excessive ranges of debt customers; (vi) any difficulties or potential delays Mattel could encounter in implementing price saving and effectivity enchancment initiatives; (vii) different financial and public well being circumstances or regulatory adjustments within the markets by which Mattel and its clients and suppliers function, which may trigger delays or improve Mattel’s prices, similar to uncooked materials costs, greater labor or transport, or epidemics; (viii) foreign money fluctuations, together with fluctuations in alternate charges and inflation, which can cut back Mattel’s internet revenues and earnings, and have a big affect on Mattel’s prices; (ix) focus of Mattel clients, doubtlessly growing the adverse affect on Mattel of difficulties skilled by any of Mattel’s clients, similar to bankruptcies or liquidations or a normal lack of success, or adjustments of their habits shopping for or promoting; (x) Mattel’s retail buyer stock insurance policies, in addition to Mattel’s income focus within the second half of the yr, which, along with retailers’ reliance on fast response stock administration strategies, improve the danger of underproduction, overproduction and transport delays; (xi) authorized, reputational and monetary dangers related to safety breaches or cyber assaults; (xii) labor disruptions, together with as a consequence of provide chain disruption and plant closures, which can affect Mattel’s capability to fabricate or ship the product in a well timed method and worthwhile; (xiii) the affect of competitors on revenues, margins and different features of Mattel’s enterprise, together with the power to supply merchandise that customers select to purchase over aggressive merchandise, the power to ‘Acquire, keep and renew the favored licenses of the licensors of leisure properties, and the power to draw and retain proficient workers; (xiv) the danger of product recollects or product legal responsibility lawsuits and prices related to product security rules; (xv) adjustments in legal guidelines or rules in the US and / or different main markets, similar to China, by which Mattel operates, together with, with out limitation, with respect to taxes, pricing, commerce insurance policies or product security, which can improve the prices of Mattel’s merchandise and different prices of doing enterprise, and cut back Mattel’s revenues; (xvi) failure to understand anticipated earnings from any funding or acquisition made by Mattel; (xvii) the affect of different market circumstances or actions or approvals of third events, together with that end in materials failure, insufficiency or interruption on the a part of suppliers or subcontractors, which may cut back demand for Mattel’s merchandise, delay or improve the price of implementing applications, or modify Mattel’s actions and cut back precise outcomes; (xviii) adjustments in funding markets or Mattel’s incapability to acquire financing on engaging phrases; (xix) the affect of litigation, arbitration, regulatory choices or settlement actions; (xx) uncertainty related to the deliberate termination of LIBOR and the change to another benchmark rate of interest; and (xxi) different dangers and uncertainties which may be described in paperwork filed by Mattel with the Securities and Change Fee, together with the “Danger Elements” part of Mattel’s annual report on Kind 10-Okay for the fiscal yr. ended December 31, 2020 and the next periodic information, in addition to in different public statements from Mattel. Mattel doesn’t replace any forward-looking statements and expressly disclaims any obligation to take action, besides as required by legislation.

About Mattel

Mattel is a number one world toy firm and proprietor of one of many strongest catalogs of kids’s and household leisure franchises on the planet. We create modern merchandise and experiences that encourage, entertain and develop kids by play. We have interaction customers by our portfolio of iconic manufacturers together with Barbie®, Scorching Wheels®, Fisher-Worth®, American Lady®, Thomas & Associates®, UNO®, Masters of the Universe®, Monster Excessive® and MEGA®, in addition to different common mental properties that we personal or license in partnership with world leisure corporations. Our choices embody movie and tv content material, video games, music and reside occasions. We function in 35 areas and our merchandise can be found in additional than 150 nations along with the world’s largest retail and e-commerce corporations. Since its founding in 1945, Mattel has proudly been a trusted accomplice in enabling kids to discover the wonders of childhood and attain their full potential. Go to us on-line atmattel.com.

Media contact:

Catherine frymark
[email protected]
(240) 893-9840

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