Jamieson Wellness, Inc. · TSX:JWEL
Jamieson Wellness — Q4 2024 Earnings Presentation
13 slides from Jamieson Wellness's earnings presentation, 2024
Slide 1: Q4 2024 Quarterly Update
Q4 2024 Q U A R T E R LY U P D AT E 1 J A M I E S O N W E L L N E S S 2 0 2 4
Slide 2: Forward Looking Information
Forward Looking Information This presentation contains “forward-looking information” within the meaning of applicable securities laws. Forward looking information may relate to our future outlook and anticipated events or results and may include information regarding our financial position, business
Slide 3: Full Year 2024 Highlights
Full Year 2024 Highlights Revenue growth in Canada outpaced the market, driven by strong dollar and 1 unit consumption as consumer demand for foundational health products and innovative natural solutions remained high 1 2 The Company’s youtheory expansion continued to gain traction, with internation
Slide 4: Fourth Quarter 2024 Highlights
Fourth Quarter 2024 Highlights 1 Cold and flu programs drove strong POS in Canada as consumers focused on 1 immune health 2 The youtheory brand grew international revenues by 20% and channel expansion revenues by 37%; gains offset by timing of promotional purchases within its traditional distributio
Slide 5: Fourth Quarter 2024 Summary of Segment Results: Jamieson Brands
JAMIESON BRANDS Fourth Quarter 2024 Summary of Segment Results • Revenue was $202.6 million, an increase of 11.9% or $21.6 million Canada U.S. (youtheory) China International revenue revenue revenue revenue increased increased increased increased 2 0 2 4 11.4% to 2.3% to 38.9%2 to 14.2%2 to $105.0 m
Slide 6: Fourth Quarter 2024 Summary of Segment Results: Strategic Partners
STRATEGIC PARTNERS Fourth Quarter 2024 Summary of Segment Results • Revenue was $42.2 million, an increase of 7.1% or $2.8 million, driven by customer ordering patterns and initial shipment of new business awarded • Gross profit was $5.8 million, a decrease of $0.1 million 2 0 2 4 • Gross profit mar
Slide 7: Fourth Quarter 2024 Balance Sheet and Cash Flow
Fourth Quarter 2024 Balance Sheet and Cash Flow • As of December 31, 2024, the Company had approximately $236.5 million in cash and available revolving and swingline facilities and net debt1 of $263.5 million • The Company generated $37.8 million in cash from operations compared to $26.1 million in
Slide 8: Fourth Quarter 2024 Consolidated Results
Fourth Quarter 2024 Consolidated Results METRIC Q4 2024 Q4 2023 Growth Rate Consolidated Revenue $244.8 $220.4 11.1% Canada $105.0 $94.3 11.4% U.S. (youtheory) $56.3 $55.0 2.3% China $29.3 $20.7 38.9% constant currency 2 0 2 4 International $12.0 $11.0 14.2% constant currency W E L L N E S S Total J
Slide 9: Summary Consolidated Financial Information
Summary Consolidated Financial Information Fiscal Year Ended December 31, ($ in millions, except as otherwise noted) 2024 2023 2022 2021 2020 Revenue 733.8 676.2 547.4 451.0 403.7 Cost of sales 458.2 442.6 349.0 288.6 258.9 Selling, general and administrative expenses 174.5 140.3 110.2 80.7 76.3 Sha
Slide 10: Summary Consolidated Financial Information
Summary Consolidated Financial Information Three Months Ended Twelve Months Ended December 31, December 31, ($ in millions, except as otherwise noted) 2024 2023 % Change 2024 2023 % Change Revenue 244.8 220.4 11.1% 733.8 676.2 8.5% Cost of sales 144.6 141.4 2.3% 458.2 442.6 3.5% Gross profit margin
Slide 11: Reconciliation of net income to EBITDA, adjusted EBITDA and adjusted net income
Reconciliation of net income to EBITDA, adjusted EBITDA and adjusted net income Three Months Ended Twelve Months Ended Fiscal Year Ended December 31, December 31, December 31, ($ in millions, except as otherwise noted) 2024 2023 2024 2023 2022 2021 2020 2019 2018 Net earnings 36.1 24.0 51.1 46.0 52.
Slide 12: Financial Performance: 2025 Guidance
Financial Performance: 2025 Guidance METRIC 2024 2025 TARGET RANGE GROWTH RATE Total Revenue $733.8 $800.0 – 840.0 9.0% - 14.5% Jamieson Brands Segment • Canada $333.1 $350.0 - $360.0 5.0% - 8.0% • U.S. (youtheory) $166.0 $174.0 - $191.0 5.0% - 15.0% • China $91.2 $114.0 – $123.0 25.0% - 35.0% 2 0 2
Slide 13: Investor Relations Contact
INVESTOR RELATIONS CONTACT: Ruth Winker rwinker@jamiesonlabs.com linkedin.com/company/jamiesonwellness twitter.com/JWEL_Canada 2 0 2 4 W E L L N E S S J A M I E S O N 13