Jamieson Wellness, Inc. · TSX:JWEL
Jamieson Wellness — Q2 2023 Earnings Presentation
13 slides from Jamieson Wellness's earnings presentation, 2023
Slide 1: Investor Presentation Quarterly Update Q2 2023
2 0 2 3 I N V E S T O R P R E S E N TAT I O N Quarterly Update W E L L N E S S Q2 2023 J A M I E S O N 1
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: Second Quarter 2023 Highlights
Second Quarter 2023 Highlights 1 Solid growth in Canada as consumption significantly outpaced shipments in both units & dollars Youtheory met revenue expectations; new products including new & 2 improved turmeric SKU began shipping 3 Maintained strong growth momentum in China while successfully comp
Slide 4: Second Quarter 2023 Summary of Segment Results: Jamieson Brands
JAMIESON BRANDS Second Quarter 2023 Summary of Segment Results • Revenue was $132.9 million, an increase of 51.5% or $45.2 million Canada U.S. (youtheory) China International revenue contributed revenue revenue 2 0 2 3 increased $42.1 million increased declined 2.0% in revenue 21.0% $2.2 million W E
Slide 5: Second Quarter 2023 Summary of Segment Results: Strategic Partners
STRATEGIC PARTNERS Second Quarter 2023 Summary of Segment Results • Revenue was $34.7 million, an increase of 42.8% or $10.4 million • Gross profit increased $2.3 million to $5.2 million 2 0 2 3 • Gross profit margin1 increased by 310 basis points to 14.8% W E L L N E S S • Adjusted EBITDA2 increase
Slide 6: Second Quarter 2023 Balance Sheet and Cash Flow
Second Quarter 2023 Balance Sheet and Cash Flow • Cash from operating activities before working capital considerations of $12.7 million decreased by $4.2 million compared to Q2 2022 • Cash from working capital decreased by $2.5 million mainly driven by accounts receivable collections and payables in
Slide 7: Second Quarter 2023 Consolidated Results
Second Quarter 2023 Consolidated Results METRIC Q2 2023 Q2 2022 Growth Rate Total Revenue $167.6 $112.0 49.6% Jamieson Brands Segment Canada $72.7 $71.3 2.0% U.S. (youtheory) $42.1 - - 2 0 2 3 China $10.1 $6.2 63.0% W E L L N E S S International $8.0 $10.2 (21.4%) Total Jamieson Brands Segment $132.
Slide 8: Summary Consolidated Financial Information
Summary Consolidated Financial Information 2 0 2 3 W E L L N E S S J A M I E S O N 8
Slide 9: Summary Consolidated Financial Information
Summary Consolidated Financial Information Three Months Ended Six Months Ended June 30, June 30, ($ in millions, except as otherwise noted) 2023 2022 % Change 2023 2022 % Change Revenue 167.6 112.0 49.6% 304.3 215.7 41.1% Cost of sales 112.7 71.3 58.1% 200.9 137.0 46.7% Gross profit margin 32.7% 36.
Slide 10: 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 Six Months Ended Fiscal Year Ended June 30, June 30, December 31, ($ in millions, except as otherwise noted) 2023 2022 2023 2022 2022 2021 2020 2019 2018 Net earnings 7.2 10.1 14.3 19.8 52.8 52.1 41.6
Slide 11: 2023 Guidance Update
2023 Guidance Update We are maintaining our previous growth expectations in our U.S. and China business units. We are trimming the top end of our revenue and EBITDA guidance to reflect the post-pandemic trends we are seeing in Canada and in our International business units, as certain retailers mana
Slide 12: Financial Performance: 2023 Guidance
Financial Performance: 2023 Guidance METRIC 2022 2023 TARGET RANGE GROWTH RATE Total Revenue $547 $670 - $690 22% - 26% Jamieson Brands Segment • Canada $310 $316 - $322 2% - 4% • U.S. (youtheory) $68 $145 - $155 113% - 127% Proforma: 12% - 19% • China $28 $47 - 50 65% - 75% Proforma: 25% - 30% • In
Slide 13: Investor Relations Contact
INVESTOR RELATIONS CONTACT: Ruth Winker rwinker@jamiesonlabs.com linkedin.com/company/jamiesonwellness twitter.com/JWEL_Canada 2 0 2 3 W E L L N E S S J A M I E S O N 13