Goodfood Market Corp. · TSX:FOOD
Goodfood Market — Q1 2025 Earnings Presentation
11 slides from Goodfood Market's earnings presentation, Jan 21, 2025
Slide 1: Q1-2025 Earnings Presentation
Q1-2025 EARNINGS PRESENTATION January 21, 2025
Slide 2: Forward-looking information disclaimer
This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking information includes, but is not limited to, information with respect to our objectives and the strategies to achieve these objectives, as well as informati
Slide 3: What We Achieved this Quarter
What We Achieved this Quarter Consistent Growth in Profitability… …Enabling Meaningful FCF… $6.0 Adjusted EBITDA1 Adjusted Free Cash Flow1 & Margin1 8.9% 9.2% C$ millions $5.0 7.8% C$ millions and % 7.2% $4.0 $3.0 4.7% 3.6% $4 $2.0 $4 $4 $4 $4 $3 $3 $1.0 1.9% $2 $1 1.5% $2 $0 $1 $1 $0.0 -$1 -$1 -$1.
Slide 4: Net Sales and Active Customers
Net Sales and Active Customers1 First quarter of 2025 marked by rebound in Quarterly Active Customers1, growing to 106,000 with net sales per active customer stable year-over-year while sales facing macro headwinds Net Sales Quarterly Active Customers1 C$ millions End of period $337 124,000 Net sale
Slide 5: Gross Profit, Adj. EBITDA and Net Loss
Gross Profit, Adj. EBITDA1 and Net Loss Gross Margin2 improved 20 basis points Y-o-Y as a result of operational improvements, driving positive Adj. EBITDA1 for an eighth consecutive quarter Gross Profit Adjusted EBITDA1 Net Loss & Gross Margin2 & Margin1 C$ millions C$ millions and % C$ millions and
Slide 6: Cash Flows
Cash Flows CFO remains positive, albeit lower y-o-y as a result of timing of end of Q4 and tax related refunds; Capex remains low and with Term Loan repaid, net leverage remains in good position Cash Flows From CAPEX Operating Activities C$ millions C$ millions $3.8 $2.2 $0.4 -$0.9 $0.2 $0.2 Q1-24 Q
Slide 7: Key Financial Highlights
Key Financial Highlights Continued strength in gross margin1 and Adjusted EBITDA2 growth and enabling adjusted free cash flow2 generation (in millions of Canadian $ except for percentage information) Q1-25 Q1-24 Y-o-Y Net Sales $34.7 $40.5 -14% Gross Profit 13.7 15.9 -14% Gross Margin (%)1 39.6% 3
Slide 8: Outlook: Customer centricity while navigating macro headwinds
Outlook: Customer centricity while navigating macro headwinds 1 Value Plan & Chef Partnerships Continue to Excite: → Delicious Classics for under $10 per serving → Exciting chef partnerships to provide unique culinary experiences to our customers’ kitchens 2 Consistent Profitability in a Challenging
Slide 9: Q&A
Ssoodfood Q&A
Slide 10: Metrics and Non-IFRS Financial Measures
Metrics and Non-IFRS Financial Measures The table below defines metrics and non-IFRS financial measures used by the Company throughout this presentation. Non-IFRS financial measures do not have standardized definitions prescribed by IFRS and, therefore, may not be comparable to similar measures pres
Slide 11: Company Contact – Investor Relations & Media
Roslane Aouameur CHIEF FINANCIAL OFFICER IR@makegoodfood.ca COMPANY CONTACT – INVESTOR RELATIONS & MEDIA Roslane Aouameur, makegoodfood.ca Chief Financial Officer 1 (855) 515-5191 IR@makegoodfood.ca