Nature's Sunshine Products, Inc. · NASDAQ:NATR
Nature's Sunshine Products — Q1 2024 Earnings Presentation
11 slides from Nature's Sunshine Products's earnings presentation, May 7, 2024
Slide 1: Connect with Nature: Q1 2024 Earnings Presentation
CONNECT WITH NATURE Q1 2024 Earnings Presentation May 7, 2024
Slide 2: Safe Harbor Statements
SAFE HARBOR STATEMENTS Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements regarding the Company’s future business expectations, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-loo
Slide 3: Q1 Financial Summary
Q1 FINANCIAL SUMMARY $ in million, except for margin and per share amounts Q1 2024 Q1 2023 ▲ Q1 (y/y) Commentary Strength in North America and Europe; up 3.8% on a constant currency Net Sales $111.0 $108.6 +2.2% basis Reflects changes in market mix, price increases and contribution margin Gross Marg
Slide 4: Balance Sheet & Cash Flow Overview
BALANCE SHEET & CASH FLOW OVERVIEW Balance Sheet Highlights As of Balance Sheet Overview Mar. 31, Dec. 31, ($ in millions) 2024 2023 • Cash and cash equivalents totaled $77.8M Cash and Cash Equivalents $ 77.8 $ 82.4 Receivables 9.7 8.8 • $2.1M of debt at 3/31/24 Total Assets 247.3 249.8 Debt 2.1 – T
Slide 5: Net Sales by Operating Segment
NET SALES BY OPERATING SEGMENT Net Sales by Operating Segment (Amounts in Thousands) Impact of % Change Excl. Q1 2024 Q1 2023 % Change Currency Impact of Exchange Currency Asia $46,220 $ 46,345 (0.3)% $(2,514) 5.2% Europe 22,296 21,405 4.2 493 1.9 North America 36,525 34,648 5.4 9 5.4 Latin America
Slide 6: Historical Financial Performance
HISTORICAL FINANCIAL PERFORMANCE Revenue Adj. EBITDA1 $ in Millions $ in Millions $444.1 $445.3 $447.7 $49.4 $421.9 $40.4 $40.4 $36.2 $32.0 $385.2 2020 2021 2022 2023 TTM Q1-24 2020 2021 2022 2023 TTM Q1-24 Revenue Accelerant Opportunities Margin Drivers • Expansion into Digital channels • Sales gro
Slide 7: Capital Allocation Plan
CAPITAL ALLOCATION PLAN Capital Allocation Plan $1.8M in shares repurchased at an average cost of $17.61 Significant cash flow per share in the first three months of 2024 – $15.8M remaining in share repurchase program as of March 31, has enabled the 2024 investment and growth Investment in process i
Slide 8: Contact Us
CONTACT US Investor Relations Contact Cody Slach Senior Managing Director, Gateway Group, Inc. (949) 574-3860 NATR@gateway-grp.com
Slide 9: Appendix
APPENDIX NATURES BS QZ SUNSHINE
Slide 10: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION Three Months Ended March 31, 2024 2023 Net income $ 2,490 $ 1,253 Adjustments: Depreciation and amortization 3,160 2,805 Share-based compensation expense 1,369 1,058 Other loss, net* (31) (1,514) Provision for income taxes 2,165 433 Other adjustments (1) — 5,098 Adjust
Slide 11: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA 2020 2021 2022 2023 Q1 2024 TTM Net Income (loss) $ 22,958 $ 30,207 $ 550 $ 16,416 $ 17,653 Adjustments: Depreciation and amortization 10,743 11,162 11,025 11,816 12,171 Share-based compensation expense 3,787 3,731 2,901
Nature's Sunshine Products — Q1 2024 Earnings Presentation on 6ix