Jamieson Wellness, Inc. · TSX:JWEL
Jamieson Wellness — Q3 2024 Earnings Presentation
12 slides from Jamieson Wellness's earnings presentation, 2024
Slide 1: Quarterly Update Q3 2024
Q3 2024 Q U A R T E R LY U P D AT E 1 J A M I E S O N W E L L N E S S 2 0 2 4
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: Third Quarter 2024 Highlights
Third Quarter 2024 Highlights 1 Successful launch of the Jamieson brand’s integrated advertising campaign in 1 Canada, focused on the Company’s 102-year-history of quality and trust 2 Achieved the Company’s highest third quarter revenue to date in China, driven by investments in increasing brand awa
Slide 4: Third Quarter 2024 Summary of Segment Results: Jamieson Brands
JAMIESON BRANDS Third Quarter 2024 Summary of Segment Results • Revenue was $155.0 million, an increase of 20.0% or $25.9 million Canada U.S. (youtheory) China International revenue revenue revenue revenue increased increased increased Increased 2 0 2 4 15.1% to 5.7% to 81.7% to 25.2% to $87.3 milli
Slide 5: Third Quarter 2024 Summary of Segment Results: Strategic Partners
STRATEGIC PARTNERS Third Quarter 2024 Summary of Segment Results • Revenue was $21.2 million, an expected decrease of 5.4% or $1.2 million • Revenue was impacted by the transition away from a customer contract as previously announced • Gross profit was $2.3 million, a decrease of $1.1 million 2 0 2
Slide 6: Balance Sheet and Cash Flow
Third Quarter 2024 Balance Sheet and Cash Flow • As of September 30, 2024, the Company had approximately $207.2 million in cash and available revolving and swingline facilities and net debt1 of $292.8 million • The Company generated $24.2 million in cash from operations compared to $14.0 million use
Slide 7: Consolidated Results
Third Quarter 2024 Consolidated Results METRIC Q3 2024 Q3 2023 Growth Rate Consolidated Revenue $176.2 $151.5 16.3% Canada $87.3 $75.8 15.1% U.S. (youtheory) $34.9 $33.0 5.7% China $22.6 $12.2 81.7% constant currency 2 0 2 4 International $10.3 $8.1 25.2% constant currency W E L L N E S S Total Jami
Slide 8: Summary Consolidated Financial Information
Summary Consolidated Financial Information Fiscal Year Ended December 31, ($ in millions, except as otherwise noted) 2023 2022 2021 2020 2019 Revenue 676.2 547.4 451.0 403.7 345.0 Cost of sales 442.6 349.0 288.6 258.9 215.2 Selling, general and administrative expenses 140.3 110.2 80.7 76.3 69.9 Shar
Slide 9: Summary Consolidated Financial Information
Summary Consolidated Financial Information Three Months Ended Nine Months Ended September 30, September 30, ($ in millions, except as otherwise noted) 2024 2023 % Change 2024 2023 % Change Revenue 176.2 151.5 16.3% 489.0 455.8 7.3% Cost of sales 108.6 100.4 8.2% 313.6 301.3 4.1% Gross profit margin
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 Nine Months Ended Fiscal Year Ended September 30, September 30, December 31, ($ in millions, except as otherwise noted) 2024 2023 2024 2023 2023 2022 2021 2020 2019 2018 Net earnings 10.4 7.8 15.0 22.0
Slide 11: Financial Performance: 2024 Guidance
Financial Performance: 2024 Guidance METRIC 2023 2024 TARGET RANGE GROWTH RATE 2025 TARGET Total Revenue $676.2 $725.0 - $755.0 7.2% - 11.7% - Jamieson Brands Segment • Canada $314.1 $331.4 - $337.7 5.5% - 7.5% - • U.S. (youtheory) $152.3 $167.5 - $175.1 10.0% - 15.0% - • China $51.3 $84.6 – 92.3 65
Slide 12: Investor Relations Contact
INVESTOR RELATIONS CONTACT: Ruth Winker rwinker@jamiesonlabs.com linkedin.com/company/jamiesonwellness twitter.com/JWEL_Canada 2 0 2 4 W E L L N E S S J A M I E S O N 12