Nomad Foods Limited · NYSE:NOMD
Nomad Foods — Q1 2019 Earnings Presentation
17 slides from Nomad Foods's earnings presentation, May 9, 2019
Slide 1: First Quarter 2019 Earnings Results
First Quarter 2019 Earnings Results May 9, 2019
Slide 2: Disclaimer
Disclaimer This presentation has been prepared and issued by Nomad Foods Limited (the "Company"). This Presentation has been provided solely for information and background. The information in this Presentation is provided as at the date of the Presentation (unless stated otherwise). This Presentatio
Slide 3: First Quarter 2019 Financial Results Overview
First Quarter 2019 Financial Results Overview Organic Revenue Growth Gross Margin Adjusted EBITDA Adjusted EPS +0.9% 30.9% €122M €0.40/share +4.1% price +60bp before the +18% growth +14% growth (3.2%) volume/mix impact of acquisition mix Note: Adoption of IFRS 16 benefited Adjusted EBITDA by €4 mill
Slide 4: First Quarter 2019 Highlights
First Quarter 2019 Highlights Organic revenue growth of 0.9% despite the shift of Easter sales to Q2 Implemented pricing actions to manage raw material inflation Advanced the innovation strategy with the launch of plant protein in UK Strengthened balance sheet to support future growth 4
Slide 5: Selected New Product & Marketing Campaigns for 2019
Selected New Product & Marketing Campaigns for 2019 New Artisan Coated Fish Innovation Goodfella’s Pizza Relaunch 5
Slide 6: First Quarter 2019 Key Operating Metrics
First Quarter 2019 Key Operating Metrics 6
Slide 7: Key Free Cash Flow Metrics
Key Free Cash Flow Metrics (in €m unless otherwise noted) 1Q 2019 1Q 20181 Adjusted EBITDA2 122 103 Change in working capital (11) (11) Capital expenditures3 (6) (5) Cash taxes (4) (3) Cash interest & other4 (8) (3) Adjusted free cash flow5 €93 €82 Adjusted profit for the period €71 €62 Adjusted fre
Slide 8: 2019 Guidance
2019 Guidance Organic Revenue Growth Adjusted EBITDA Adjusted EPS1 Growth at a approximately approximately Low-single digit €420 to €430 €1.18 to €1.22 rate million per share 1Adjusted EPS assumes a diluted weighted average share count of 192 million shares for 2019 2019 guidance equates to the foll
Slide 9: Questions?
QOODEELLAS §— tx cocinera
Slide 10: Appendix
Appendix Nomad Foods 10
Slide 11: Contents
Contents The following tables have been included to allow users to reconcile Non-IFRS financial measures as well as Adjusted financial information included within this presentation to reported IFRS financial measures. 1. Definitions of Non-IFRS financial measures referred to in this presentation. 2.
Slide 12: 1. Definitions of Non-IFRS Financial Measures referred to in this presentation
1. Definitions of Non-IFRS financial measures referred to in this presentation Non-IFRS financial measures should not be considered as substitutes for, or superior to, measures of financial performance prepared in accordance with IFRS. They are limited in value because they exclude charges that have
Slide 13: 2. Reconciliation of reported to organic revenue growth
2. Reconciliation of reported to organic revenue growth Year on Year Growth – Three months ended March 31, 2019 compared with three months ended March 31, 2018 Three Months Ended March 31, 2019 YoY Growth Reported Revenue Growth 14.6% Of which: - Organic Revenue Growth 0.9% - Acquisitions 13.8% - Tr
Slide 14: 3. Reconciliation of Non-IFRS Financial Measures
3. Reconciliation of Non-IFRS Financial Measures Adjusted Statement of Profit or Loss (unaudited) Three months ended March 31, 2019 As reported for the As adjusted for the € in millions, except per share data three months ended Adjustments three months ended March 31, 2019 March 31, 2019 Revenue 617
Slide 15: 3. Reconciliation of Non-IFRS Financial Measures (continued)
3. Reconciliation of Non-IFRS Financial Measures (continued) Adjusted Statement of Profit or Loss (unaudited) Three months ended March 31, 2018 As reported for the As adjusted for the € in millions, except per share data three months ended Adjustments three months ended March 31, 2018 March 31, 2018
Slide 16: 3. Reconciliation of Non-IFRS Financial Measures (continued)
3. Reconciliation of Non-IFRS Financial Measures (continued) Reconciliation of Profit for the period to EBITDA and Adjusted EBITDA (unaudited) Three months ended € in millions March 31, 2019 March 31, 2018 Profit for the period 22.3 62.4 Taxation 17.6 18.5 Net financing costs 14.8 6.1 Depreciation 1
Slide 17: 3. Reconciliation of Non-IFRS Financial Measures (continued)
3. Reconciliation of Non-IFRS Financial Measures (continued) Reconciliation of reported net cash flows from operating activities to Adjusted free cash flow for the three months ended March 31, 2019 and the three months ended March 31, 2018 Three months ended (in €m) March 31, 2019 March 31, 2018 Net