Flowers Foods, Inc. · NYSE:FLO
Flowers Foods — Merger or Acquisition (January 2025)
13 slides from Flowers Foods's merger presentation, Jan 8, 2025
Slide 1: Acquisition of Simple Mills
4 00 =< Flowers FOODS ACQUISITION OF SIMPLE MILLS January 8,
Slide 2: Forward-looking statements
Statements contained in this presentation and certain other written or oral statements made from time to time by Flowers Foods, Inc. (the “company”, “Flowers Foods”, “Flowers”, “us”, “we”, or “our”) and its representatives that are not historical facts are forward-looking statements as defined in th
Slide 3: Footnotes and definitions
(1) Any reference to sales refers to net sales inclusive of allowances and deductions against gross sales. (2) Earnings before interest, taxes, depreciation & amortization, adjusted for matters affecting comparability. (3) Earnings before interest, taxes, depreciation & amortization, adjusted for ma
Slide 4: Transaction Detail
Transaction Detail Financial implications Financing Timing (1) Any reference to sales refers to net sales inclusive of allowances and deductions against gross sales. (2) Earnings before interest, taxes, depreciation & amortization, adjusted for matters affecting comparability. (3) Earnings before in
Slide 5: Net Sales by Category 2024E
• • • • Net Sales by Category 2024E Snack Bars Baking Mixes 6% 10% Cookies 25% 59% Crackers (1) SPINS, Circana, Nielsens; Total US – Natural Expanded, MULO, Whole Foods Market; Natural Crackers; L52W ending 08/11/2024 (sum of channels) (2) SPINS, Circana, Nielsens; Total US – Natural Expanded, MULO,
Slide 6: Pioneering Brand with Mainstream Appeal
PIONEERING BRAND WITH MAINSTREAM APPEAL Transformative Brand Unique brand that unifies delicious and nutritious in unexpected ways that drive significant consumer loyalty. Simple Mills products are not just simple and real but also purposeful and nutritious, with no compromise on taste Scaled Snacki
Slide 7: Net Sales (millions)
Net Sales1 (millions) $240 $210 $150 $128 $105 $70 2019 2020 2021 2022 2023 2024E (1) Any reference to sales refers to net sales inclusive of allowances and deductions against gross sales..
Slide 8: Growth strategy: expand distribution, product innovation, grow velocities
Expand Grow total distribution points at retailers through ACV1 and AIC2 and Distribution add new retail customers and channels Product Enhance portfolio in existing and new snacking categories Innovation Grow Increase velocities through promotions, marketing, and retail Velocities execution (1) ACV
Slide 9: Leading positions across categories
Crackers Cookies Baking Mixes Snack Bars Segment Leading Leading Leading Top 5 Baking Mix Brand in the Snack Bar Brand in the Leadership Natural Cracker Brand(1) Natural Cookie Brand(2) Natural Channel(3) Natural Channel(4) SM Net Sales5 $143M $59M $25M $14M Significant Growth6 24% 36% 15% 14% (y/y
Slide 10: Consumer wellness trends and distribution points
(1) Hartman Group; "Health and Wellness 2023: The Great Wellness Reset" Report Highlights (2) TDP: Total distribution points--Circana L52W ending 12-1-24; cracker category; Note: TDP and Avg Items per store selling are averages for brands over Simple Mills Sales L52W
Slide 11: Net Sales Growth, Adj EBITDA Growth and Margin
Net Sales1 Growth Adj EBITDA2 Growth Adj EBITDA Margin3 (1) Any reference to sales refers to net sales inclusive of allowances and deductions against gross sales. (2) Earnings before interest, taxes, depreciation & amortization, adjusted for matters affecting comparability. (3) Earnings before inter
Slide 12: Key Takeaways
2a KEY TAKEAWAYS — Enhances growth prospects — Diversifies category exposure — Attractive financial profile
Slide 13: Non-GAAP financial measures
The company prepares its consolidated financial statements in accordance with U.S. Generally Accepted Accounting Principles (GAAP). However, from time to time, the company may present in its public statements, press releases and SEC filings, non-GAAP financial measures such as, EBITDA, adjusted EBIT