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Investor Presentation

November 2012

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Statements in this presentation that are not historical in nature constitute forward-looking statements. These forward-looking statements relate to information or assumptions about the effects of sales, income/(loss), earnings per share, operating income, operating or gross margin improvements or declines, Project Renewal, the European Transformation Plan, capital and other expenditures, cash flow, dividends, restructuring and restructuring-related costs, costs and cost savings, inflation or deflation, particularly with respect to commodities such as oil and resin, debt ratings, and management's plans, projections and objectives for future operations and performance. These statements are accompanied by words such as "anticipate," "expect," "project," "will," "believe," "estimate" and similar expressions. Actual results could differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, our dependence on the strength of retail, commercial and industrial sectors of the economy in light of the continuation or escalation of the global economic slowdown or regional sovereign debt issues; currency fluctuations; competition with other manufacturers and distributors of consumer products; major retailers' strong bargaining power; changes in the prices of raw materials and sourced products and our ability to obtain raw materials and sourced products in a timely manner from suppliers; our ability to develop innovative new products and to develop, maintain and strengthen our end-user brands; our ability to expeditiously close facilities and move operations while managing foreign regulations and other impediments; our ability to implement successfully information technology solutions throughout our organization; our ability to improve productivity and streamline operations; changes to our credit ratings; significant increases in the funding obligations related to our pension plans due to declining asset values, declining interest rates or otherwise; the imposition of tax liabilities greater than our provisions for such matters; the risks inherent in our foreign operations and those factors listed in the company’s latest quarterly report on Form 10-Q and Exhibit 99.1 thereto filed with the Securities and Exchange Commission. Changes in such assumptions or factors could produce significantly different results. The information contained in this presentation is as of the date indicated. The company assumes no obligation to update any forward-looking statements contained in this presentation as a result of new information or future events or developments. This presentation contains non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. Included in this presentation is a reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with GAAP.

Nancy O’Donnell

VP, Investor Relations

(770) 418-7723

nancy.odonnell@newellco.com

Alisha Pennix

Sr. Manager, Investor Relations

(770) 418-7706

alisha.pennix@newellco.com

INVESTOR RELATIONS CONTACTS:

Forward-looking statement

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$6 billion business of leading brands

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strong competitive positions

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2.2% Core Sales Growth

+6.7% Normalized EPS Growth

$67M Shares Repurchased

good year-to-date performance

+20 bps Normalized Operating Margin

88% Increase in Quarterly Dividend

* through 9/30/12

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FY 2012 Outlook

Core Sales 2% to 3%

Currency Translation -1.5% to -2%

Total Sales Growth 0% to 1.5%

“Normalized” Operating Margin Up to +20 bps

“Normalized” EPS*

versus last year:

$1.63 to $1.69

+3% to +6%

Cash Flow from Operations

versus last year:

+ $550 to $600M

about flat

* See reconciliation included in the Appendix.

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affirmed full year guidance

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Working Capital

Reduction Initiative

New US Customer

Development Organization

Strengthened Balance Sheet

Indirect Procurement

Program

Project Renewal

SAP/EPC EMEA

driving delivery and driving change

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Delivery

Consistently do what we say

Strategic

Shape the future

Acceleration

Accelerate performance

good progress...much more to do

We are here

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next chapter more growth dependent than last

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Growth

Margin

Other

growth unlocks higher earnings

Sources of EPS growth

BU

SIN

ESS

MO

DEL

5 W

AYS

TO

WIN

WH

ERE

TO P

LAY

WIN BIGGER

WIN WHEREWE ARE

INCUBATEFOR

GROWTH

CT&A, IP&S, LABELING, COMMERCIAL PRODUCTSFINE WRITINGWRITING & CREATIVE EXPRESSION

HOME ORGANIZATION & STYLECULINARY LIFESTYLESHARDWARE

BABY & PARENTINGENDICIA, MIMIORUBBERMAID MEDICAL SOLUTIONS

NWL is a growing brand-led business with a strong home in the United States and global ambition

Our Consumer brands win at the point of decision through excellence in performance, design and innovation

Our Professional brands win the loyalty of the chooser by improving the productivity and performance of the user

We collaborate with our supplier and customer partners across the total enterprise in a shared commitment to growth and creating value

We deliver competitive returns to our shareholders through consistent, sustainable and profitable growth

Sharpen brand strategies on highest impact growth levers

Launch new USA customer development organization

Deliver European Transformation, Project Renewal savings, and working capital reduction

Drive performance culture aligned to business strategy

Accelerate Latin Americaand Asia in Win BiggerCategories.

MAKE OUR BRANDS REALLY MATTER

BUILD AN EXECUTIONPOWERHOUSE

UNLOCK TRAPPEDCAPACITY FOR GROWTH

DEVELOP THE TEAMFOR GROWTH

EXTEND BEYONDOUR BORDERS

Partner to win with customers and suppliers

Develop joint business plans for new channel penetration and broader distribution

Simplify everything to release costs for growth

Build a more global perspective and talent base

Strategic insight program in China

Newell Rubbermaid helps people flourish every day, where they live, learn, work and play

EDGE: EVERY DAY GREAT EXECUTION

PU

RP

OSE

AM

BIT

ION

* Assumes performance in line with long term objectives. For illustrative use only – not to be construed as guidance.

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Growth Game Plan directing actions B

USI

NES

S M

OD

EL5

WA

YS T

O W

IN

WH

ERE

TO P

LAY

WIN BIGGER

WIN WHEREWE ARE

INCUBATEFOR

GROWTH

CT&A, IP&S, LABELING, COMMERCIAL PRODUCTSFINE WRITINGWRITING & CREATIVE EXPRESSION

HOME ORGANIZATION & STYLECULINARY LIFESTYLESHARDWARE

BABY & PARENTINGENDICIA, MIMIORUBBERMAID MEDICAL SOLUTIONS

NWL is a growing brand-led business with a strong home in the United States and global ambition

Our Consumer brands win at the point of decision through excellence in performance, design and innovation

Our Professional brands win the loyalty of the chooser by improving the productivity and performance of the user

We collaborate with our supplier and customer partners across the total enterprise in a shared commitment to growth and creating value

We deliver competitive returns to our shareholders through consistent, sustainable and profitable growth

Sharpen brand strategies on highest impact growth levers

Launch new USA customer development organization

Deliver European Transformation, Project Renewal savings, and working capital reduction

Drive performance culture aligned to business strategy

Accelerate Latin Americaand Asia in Win BiggerCategories.

MAKE OUR BRANDS REALLY MATTER

BUILD AN EXECUTIONPOWERHOUSE

UNLOCK TRAPPEDCAPACITY FOR GROWTH

DEVELOP THE TEAMFOR GROWTH

EXTEND BEYONDOUR BORDERS

Partner to win with customers and suppliers

Develop joint business plans for new channel penetration and broader distribution

Simplify everything to release costs for growth

Build a more global perspective and talent base

Strategic insight program in China

Newell Rubbermaid helps people flourish every day, where they live, learn, work and play

EDGE: EVERY DAY GREAT EXECUTION

PU

RP

OSE

AM

BIT

ION

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Win bigger

Win where we are

Incubate for growth

sharper portfolio choices

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resources focused to portfolio roles

Win bigger

Commercial Products

Writing CT&A IP&S Labeling Fine

Writing

Win where we are

Hardware Home Org

& Style Culinary Lifestyles

Incubate for growth

Endicia Baby Medical

Solutions Mimio

consumer facing professional facing

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Win Bigger

75%

Win Where Are

15%

Incubate

10%

5 Year Growth Contribution

growth accelerated by portfolio choices

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North America

EMEA

Latin America

APAC

revenue

N America ~60% of revenue

APAC and L America > 30% of revenue

EMEA ~10% of revenue

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ye

ar a

bso

lute

gro

wth

growth accelerated by wider footprint

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operating income margin %

emerging

developed

full portfolio, local needs and local price points

investment in sales and marketing

enabled by reducing high cost in developed world

requires reset of our algorithm

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Delivery

Consistently do what we say

Strategic

Shape the future

Acceleration

Accelerate performance

confidence to accelerate transformation

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fast return projects enable reinvestment

Restructuring Cost

Savings

Actual to date Q312

$63 $90 - $100

On Plan ($46M to date) $90 - $100

$Millions Phase I

Project Renewal

Payback ~1.5 years

$250 - $275

$180 - $225

Phase II

$340 - $375

$270 - $325

Total Renewal

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supply chain footprint

best cost back office

best cost finance

EMEA transformation

organization – align structure to strategy

five key work streams

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Project Renewal: expected outcomes

Flatter and simplified organization with strengthened capabilities in Brand & Category Development and Execution & Delivery

Accelerated release of costs, the majority of which will be invested in faster growth and the geographic expansion of our leading brands

A greater line of sight to earnings and operating cash flow growth while the company invests to accelerate performance

Strengthened leadership team that can drive faster implementation of Growth Game Plan

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aligning structure with strategy

Make brands really matter

Build an execution powerhouse

Unlock trapped capacity for growth

Extend our boundaries

Develop a growth team

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• big brand ideas

• high impact

innovation

• superior products

and design

• e-brand building

• e-commerce

• strategic customer

management

• strategic channel

management

• market-leading

supply chain

• superior service at

best cost

specific

responsibilities

shared accountability

development delivery

two capabilities of equal stature

Interdependent and Equal in Importance

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six new business segments

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industrial

office

writing

tools

home solutions

commercial products

baby

specialty

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Chief Executive Officer

Michael B. Polk

Chief Operating Officer

Bill Burke

Chief Supply Chain Officer

Meri Stevens

Chief Customer Officer

Joe Cavaliere

Chief Development

Officer

Mark Tarchetti

Chief Design and R&D Officer

Chuck Jones

Chief Marketing & Insights

Officer

Richard Davies

Chief Financial Officer

Doug Martin

Chief Information

Officer

Gordon Steele

Chief Human Resource Officer

Jim Sweet

Chief Legal Officer/EMEA

Lead

John Stipancich

a new Newell Executive team

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Key leadership appointments

William A. Burke III Chief Operating Officer

Mark Tarchetti Chief Development Officer

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Key leadership appointments

Joe Cavaliere Chief Customer Officer

Meredith Stevens Chief Supply Chain Officer

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Key leadership appointments

Richard Davies Chief Marketing & Insights Officer

Chuck Jones Chief Design and R&D Officer

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Delivery

Consistently do what we say

Strategic

Shape the future

Acceleration

Accelerate performance

Consistent growth (sales, EPS)

Strengthened leverage metrics

Increased dividends

Repurchased shares

Accelerated growth (sales, EPS)

Strong earnings and cash flow

Increased dividends

Surplus cash

2012/2013 2013/2014 2015 and beyond

Compelling value creation story

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Operating cash flow

$3.5B

~$1.5 billion in uncommitted free cash flow over next 5 years provides flexibility for:

• Accelerated structural cost reductions

• Increased dividends

• Share repurchase

• Bolt-on acquisitions

Capex $1.0B

Dividends $0.7B

~$3.5B ~$3.5B

Share repurchase $0.3B

$1.5B Uncommitted Free Cash Flow

Operating cash flow

$3.5B

* Assumes performance in line with long term objectives. For illustrative use only – not to be construed as guidance.

Next 5 years*

Uncommitted free cash flow provides flexibility

1. Acceleration in emerging markets

2. Accelerated cost reductions

3. Increased dividends and/or share repurchases

4. Bolt-on acquisitions

Increased borrowing capacity adds even more flexibility

Strong cash flow and increased borrowing capacity enables value creation flexibility for shareholders

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Growth Game Plan will drive accelerated performance

Opportunity to release unproductive costs to fund investment

Strong, growing free cash flow provides fuel for accelerated performance and returns to shareholders

Investment thesis strong

Driven by sharper portfolio choices and strengthened capabilities

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Appendix

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Reconciliation: Q3 YTD 2012 and Q3 YTD 2011 Core Sales

Newell Rubbermaid Inc.

RECONCILIATION OF NON-GAAP INFORMATION

Core Sales

(dollars in millions)

Q1 2012 Q2 2012 Q3 2012

Nine months ended

September 30, 2012

Sales as reported 1,332.4$ 1,516.2$ 1,535.3$ 4,383.9$

Currency Impact 7.8 34.9 38.5 81.2

Core Sales (1) 1,340.2$ 1,551.1$ 1,573.8$ 4,465.1$

Q1 2011 Q2 2011 Q3 2011

Nine months ended

September 30, 2011

Sales as reported 1,274.2$ 1,545.3$ 1,549.9$ 4,369.4$

Including Currency 0.3%

Excluding Currency 2.2%

Currency impact (1.9)%

Core Sales

(1) "Core Sales" is determined by applying the prior year monthly exchange rates to the current year local currency monthly sales amounts,

with the difference in the current year reported sales and Core Sales representing changes attributable to foreign currency translation,

reported in the table as "Currency Impact".

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$ millions

Reconciliation: Q3 YTD 2012 and Q3 YTD 2011 Operating Income, As Reported, to Normalized Operating Income

Q3 YTD 2012 Q3 YTD 2011

Net sales $4,383.9 $4,369.4

Operating income (as reported) $498.1 $131.7

CEO transition costs $ - $4.4

Impairment charges $ - $382.6

Restructuring and restructuring-related costs $66.6 $38.1

Operating income (normalized) $564.7 $556.8

Operating margin (normalized) 12.9% 12.7%

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Reconciliation: Q3 YTD 2012 and Q3 YTD 2011 “Normalized” EPS

Q3 YTD 2012 Q3 YTD 2011*

Diluted earnings per share (as reported): $1.02 $0.15

Impairment charges $0.00 $1.03

Restructuring and restructuring-related costs $0.18 $0.12

Discontinued operations ($0.01) $0.03

CEO transition costs $0.00 $0.01

Income tax - discrete contingencies, expiration of

statutes of limitation and resolution of examinations$0.07 ($0.17)

Loss related to the extinguishment of debt $0.01 $0.01

"Normalized" EPS $1.27 $1.19

* totals may not add due to rounding

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Reconciliation: Full Year 2012 Outlook for “Normalized” EPS

FY 2012

Diluted earnings per share $1.27 to $1.33

Restructuring and restructuring-related costs [ 1 ] $0.27 to $0.32

Discontinued operations ($0.01)

Income tax - discrete contingencies, expiration of statutes of

limitation and resolution of examinations $0.07

Loss related to the extinguishment of debt $0.01

"Normalized" EPS $1.63 to $1.69

[ 1 ] Restructuring and restructuring-related costs include impairment charges, employee

termination benefits and other costs associated with the European Transformation Plan and

Project Renewal.