Beyond Meat, Inc. · NASDAQ:BYND
Beyond Meat — Investor Presentation (February 2022)
23 slides from Beyond Meat's investor presentation, Feb 24, 2022
Slide 1: Investor Presentation
(NASDAQ: BYND) Investor Presentation February 24, 2022
Slide 2: Disclaimer
Disclaimer Certain statements in this presentation constitute “forward-looking statements" within the meaning of the federal securities laws. These statements are based on management's current opinions, expectations, beliefs, plans, objectives, assumptions and projections regarding financial perform
Slide 3: Disclaimer (continued)
Disclaimer (continued) regarding our products, brand and the plant-based industry category; the effectiveness of our internal controls; the requirements of being a public company and effects of increased administration costs related to compliance and reporting obligations; our significant indebtedne
Slide 4: Non-GAAP Financial Measures
Non-GAAP Financial Measures Beyond Meat uses the non-GAAP financial measures set forth below in assessing its operating performance and in its financial communications. Management believes these non-GAAP financial measures provide useful additional information to investors about current trends in th
Slide 5: Business Overview
— Business Overview
Slide 6: We Use Proprietary Science to Redefine Meat
We Use Proprietary Science to Redefine Meat Beyond Meat’s Proprietary Technology & Process are Used to Replicate Animal Meat’s Principal Components from Plant Proteins We begin with meat’s COMPOSITION versus its animal ORIGIN Then replicate its core structure & sensory experience Microscopy Comparin
Slide 7: We are Committed to Providing Products that Enable Consumers to Eat What You Love
We are Committed to Providing Products that Enable Consumers to Eat What You Love® 42% 18-51% 78% 60 - 70 Billion Reduced risk of developing heart Of global greenhouse gas Of all agricultural land is used for Farm animals reared for failure associated with people who emissions driven by livestock, i
Slide 8: Innovation is at the Core of our Company and is a Key Differentiator
Innovation is at the Core of our Company and is a Key Differentiator Innovation Strategy Led by Highly State-of-the-Art Innovation Center Respected Team of Scientists • Large, experienced team composed of scientists, • R&D Application Lab engineers, researchers, technicians, and chefs • Color / Enca
Slide 9: Recent Notable Updates
— Recent Notable Updates
Slide 10: Our Approach to Product and Strategy has Made Us a Leading Disruptor in the Meat Category
Our Approach to Product and Strategy has Made Us a Leading Disruptor in the Meat Category We are Disrupting Net Revenues ($ Millions) the Largest Category in Food $1.4tn $270bn Size of the Global Meat Size of the U.S Meat Category1 Category1 Beyond Meat is the Future of Protein 14% ~1.3x 2020 FY - 2
Slide 11: Total Distribution and Brand Awareness
Total Distribution and Brand Awareness 1 Totals may not add up due to rounding. 2 Presentation of International distribution outlets now includes Canada, which was historically combined with US distribution. 3 Unaided brand awareness represents results of the answer to, “what brands, if any, come to
Slide 12: U.S. Retail Velocity and Market Share Trends
U.S. Retail Velocity and Market Share Trends 1 2 Source: SPINS Data through December 26, 2021 1 Includes aggregate data for Beyond Meat products across all Frozen and Refrigerated Plant-Based Meats in the US MULO channel only 2 Includes aggregate data for Beyond Meat products across all Frozen and R
Slide 13: Sales by Distribution Channel
Sales by Distribution Channel U.S Retail U.S Foodservice International Net Revenues ($ Millions) Net Revenues ($ Millions) Net Revenues ($ Millions) Select Customers Select Customers Select Customers Select Highlight Select Highlight Select Highlight Retail points Foodservice International ~17,000 ~
Slide 14: Recent Notable Updates
Recent Notable Updates Beyond Meat Rapid & Relentless Innovation Program Is Designed to Make Our Existing Products Obsolete, Generate New Products & Platforms, and Serve A Widening Circle of Customers Customers Products International We continue to expand our We continue to focus on innovation, Avai
Slide 15: Financial Update
Ye Financial Update
Slide 16: Q4 2021 Performance Update
Q4 2021 Performance Update Highlights • Net revenues decreased 1.2% to $100.7 million. Increased U.S. foodservice and international channel net revenues were more than offset by reduced U.S. retail channel net revenues. The decrease in U.S. retail channel net revenues primarily reflected softer dema
Slide 17: Net Revenue by Channel
Net Revenue by Channel Net Revenue by Channel Full Year 2021 Highlights YoY Change (%) • Achieved double-digit growth in net 2018 2019 2020 20211 revenues despite challenging operating environment: U.S Retail 97% 160% 104% (8%) ◦ U.S. foodservice channel net U.S revenues rebounded solidly to Foodser
Slide 18: Gross Margin and Operating Expense Update
Gross Margin and Operating Expense Update Gross Profit and Margin OpEx and OpEx % of Net Revenues Full Year 2021 Highlights Gross Margin Operating Expenses2 as % of Net Revenues • Gross margin decreased to 25.2% from 30.1% primarily 20.0% 33.5% 30.1% 25.2% 42.2% 62.9% due to changes in revenue per p
Slide 19: Appendix
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Slide 20: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Reconciliation of Adjusted gross profit, Adjusted gross margin and Adjusted net loss (unaudited) 20
Slide 21: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Reconciliation of Adjusted net loss per diluted common share (unaudited) 21
Slide 22: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Reconciliation of Adjusted EBITDA (unaudited) 1Primarily comprised of legal and other expenses associated with the dispute with a co-manufacturer with whom an exclusive supply agreement was terminated in May 2017. 2Comprised of $3.7 million in costs attr
Slide 23: “Sy = GOBEYOND
“Sy = GOBEYOND