Bellring Brands, Inc. · NYSE:BRBR
Bellring Brands — Q3 2023 Earnings Presentation
16 slides from Bellring Brands's earnings presentation, Aug 8, 2023
Slide 1: Third Quarter Fiscal Year 2023 Supplemental Presentation
Third Quarter Fiscal Year 2023 Supplemental Presentation August 7, 2023 Investor Presentation November 2022
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements Certain matters discussed in this presentation and the accompanying oral presentation are • BellRing’s reliance on a limited number of third party suppliers to provide certain ingredients forward-looking statements within the meaning of the P
Slide 3: Cautionary Statement Regarding Forward-Looking Statements (Cont'd)
Cautionary Statement Regarding Forward-Looking Statements (Cont’d) (CONTINUED FROM PRIOR PAGE): • BellRing’s ability to satisfy the requirements of Section 404 of the Sarbanes-Oxley Act of 2002; • uncertain or unfavorable economic conditions that limit customer and consumer demand for BellRing’s pro
Slide 4: Additional Information
Additional Information Market and Industry Data Prospective Information This presentation includes industry and trade association data, forecasts and information Any prospective information provided in this presentation regarding BellRing’s future that were prepared based, in part, upon data, foreca
Slide 5: Q3 FY2023 Consumption and Key Metrics Executive Summary
Q3 FY2023 Consumption and Key Metrics Executive Summary ● The liquids category continues to experience strong growth rates (+21%)1. ● Premier Protein ready-to-drink (“RTD”) shake consumption was up (+27%)2 in Q3 FY2023. ○ Shipments and consumption were balanced with both hitting their highest volume
Slide 6: Liquids Category Continues to Outpace Historical Growth Rates
Liquids Category Continues to Outpace Historical Growth Rates YOY % Δ Liquids Category Growth Rate L13 +21% L52 +18% Historical growth 5% $%Chg vs YA: 6 8 10 10 10 12 13 20 19 19 24 22 20 23 19 19 Notes: U.S. IRI Multi Outlet + Convenience. 6
Slide 7: Premier Protein RTD Shake Growth Accelerates Across All Channels
Premier Protein RTD Shake Growth Accelerates Across All Channels Premier Protein RTD Shakes Sales vs. Prior Year Channel 13 Weeks 52 Weeks Club +19.3% +9.2% Mass +46.1% +33.8% Food +28.1% +21.1% ECommerce +40.5% +1.0% Total Consumption (tracked + untracked channels) +26.8% +13.3% Total Tracked +35.5
Slide 8: Premier Protein RTD Shake Consumption Reaches All-Time High Behind Velocity and Distribution Increases
Premier Protein RTD Shake Consumption Reaches All-Time High Behind Velocity and Distribution Increases Notes: U.S. IRI Multi Outlet + Convenience and management estimates of untracked channels. 8
Slide 9: Q3 FY2023 Consumption and Shipments Are Balanced
Q3 FY2023 Consumption and Shipments Are Balanced Premier Protein RTD Shakes Consumption vs. Shipments (13 Week Quarters) Trade Inventory Trade Inventory Consumption Consumption Trade Inventory Trade Inventory Consumption Consumption in line Increase, Seasonality Increase, Seasonality Outpaced Shipme
Slide 10: Premier Protein RTD Shake TDPs Reach All-Time Highs
Premier Protein RTD Shake TDPs Reach All-Time Highs Notes: U.S. IRI Multi Outlet + Convenience. 10
Slide 11: Premier Protein Household Penetration Continues to Grow vs. CY 2022
Premier Protein Household Penetration Continues to Grow vs. CY 2022 Behind Flavor Reintroduction and Powder Acceleration Premier Protein Total Brand and RTD Shake Penetration Liquids 40.8 HH Pen Liquids 43.1 HH Pen 18.0 16.5 15.9 Liquids 37.4 HH Pen 15.0 14.3 16.0 14.2 13.8 13.8 13.3 14.0 11.5 11.1
Slide 12: Premier Protein RTD Shakes Share Accelerates on Flavor Reintroduction
Premier Protein RTD Shakes Share Accelerates on Flavor Reintroduction Monthly Premier Protein RTD Shakes $ Share % Notes: U.S. IRI Multi Outlet + Convenience. 12
Slide 13: Dymatize Powders Continue Strong Growth
Dymatize Powders Continue Strong Growth Dymatize Powders $ Sales vs. Prior Year Channel 13 Weeks 52 Weeks eCommerce +37.2% +25.2% Specialty/All Other -3.6% +24.8% Mass +71.8% +76.0% Club +42.9% -49.5% Food +70.4% +88.8% Total Consumption (tracked + untracked channels) +38.6% +29.9% Total Tracked +68
Slide 14: Dymatize Powders Continue Strong Track Record of Growth
Dymatize Powders Continue Strong Track Record of Growth Driven by Distribution Gains, Promotion and Media Notes: U.S. IRI Multi Outlet + Convenience and management estimates of untracked channels. 14
Slide 15: Dymatize Powder TDPs Reach All-Time Highs
Dymatize Powder TDPs Reach All-Time Highs Notes: U.S. IRI Multi Outlet + Convenience. 15
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