Nomad Foods Limited · NYSE:NOMD
Nomad Foods — Q1 2026 Earnings Presentation
18 slides from Nomad Foods's earnings presentation, May 7, 2026
Slide 1: First Quarter 2026 Earnings Results
FIRST QUARTER 2026 Earnings Results May 7, 2026
Slide 2: Disclaimer
Disclaimer This Presentation has been prepared and issued by Nomad Foods Limited (the “Company”). This Presentation has been provided solely for information and background. The information in this Presentation is provided as at the date of the Presentation (unless stated otherwise). This Presentatio
Slide 3: First Quarter Highlights
First Quarter Highlights • Organic revenue declined 5% in the quarter with volume -4% due to inventory and order pattern realignment. Retail sell-out was flat in the quarter. • Adjusted Free Cash Flow conversion improved year-on-year, enabling €24 million in share repurchase and €21 of dividend paym
Slide 4: Tailwinds of a Growing Category
Tailwinds of a Growing Category 4 Source: NielsenIQ & Circana
Slide 5: Opportunity for Improved Share Performance
Opportunity for Improved Share Performance 5 Source: NielsenIQ & Circana
Slide 6: First Quarter 2026 Key Financial Metrics
First Quarter 2026 Key Financial Metrics Adjusted Adjusted Total Revenue Gross Margin EBITDA** EPS** €715m 25.7% €93m €0.23 (5.3)% organic** -210 bps YoY $0.27* * Adjusted EPS converted to USD, the currency in which Nomad Foods shares trade, for illustrative purposes and based on USD/EUR FX rate of
Slide 7: First Quarter 2026 Key Operating Highlights
First Quarter 2026 Key Operating Highlights (in €m other than EPS) 1Q 2026 1Q 2025 YoY Change Revenue €715 €760 (5.9)% Organic revenue growth/(decline)* (5.3)% Gross profit 184 212 (13)% Gross margin 25.7% 27.8% (210) bp Adjusted operating expense* (115) (116) —% Depreciation & amortization 24 24 1%
Slide 8: 2026 YTD Free Cash Flow Highlights
2026 YTD Free Cash Flow Highlights 3 months ended 3 months ended (in €m) March 31, 2026 March 31, 2025 Adjusted EBITDA* €93 €120 Change in working capital (33) (40) Capital expenditures1 (21) (20) Cash taxes (9) (12) Cash interest & other2 (18) (35) Adjusted free cash flow* €12 €13 Adjusted profit f
Slide 9: Reiterating 2026 Organic Revenue, Adjusted EBITDA and Cash Conversion Guidance; Raising Adjusted EPS Guidance
Reiterating 2026 Organic Revenue, Adjusted EBITDA and Cash Conversion Guidance; Raising Adjusted EPS Guidance Organic Revenue** Adjusted EBITDA** Adjusted EPS** Adjusted Free Cash Flow Conversion** 2 - 5% 5 - 10% €1.47 - €1.62 90%+ decline decline 4-13% decline $1.72 - $1.90* 9 *Adjusted EPS guidanc
Slide 10: Questions?
Questions?
Slide 11: Appendix
Appendix
Slide 12: Contents
Contents The following tables have been included to allow users to reconcile Non-IFRS financial measures as well as Adjusted financial information included within this presentation to reported IFRS financial measures. 1. Definitions of Non-IFRS financial measures referred to in this presentation. 2.
Slide 13: 1. Definitions of Non-IFRS financial measures referred to in this presentation
1. Definitions of Non-IFRS financial measures referred to in this presentation Non-IFRS financial measures should not be considered as substitutes for, or superior to, measures of financial performance prepared in accordance with IFRS. They are limited in value because they exclude charges that have
Slide 14: Reconciliation from reported to organic revenue growth/(decline)
Reconciliation from reported to organic revenue growth/(decline) The following table is a reconciliation of reported revenue growth to Organic Revenue Growth for the three month period ended March 31, 2026. Year on Year Growth - March 31, 2026 compared to March 31, 2025 Three Months Ended March 31,
Slide 15: 2. Reconciliation of Non-IFRS Financial Measures (continued)
2. Reconciliation of Non-IFRS Financial Measures (continued) Statement of Profit or Loss (unaudited), as adjusted Three Months Ended March 31, 2026 As reported for the three As adjusted for the three € in millions, except per share data months ended March 31, Adjustments months ended March 31, 2026
Slide 16: 2. Reconciliation of Non-IFRS Financial Measures (continued)
2. Reconciliation of Non-IFRS Financial Measures (continued) Statement of Profit or Loss (unaudited), as adjusted Three Months Ended March 31, 2025 As reported for the three As adjusted for the three € in millions, except per share data months ended March 31, Adjustments months ended March 31, 2025
Slide 17: 2. Reconciliation of Non-IFRS Financial Measures (continued)
2. Reconciliation of Non-IFRS Financial Measures (continued) Reconciliation of Profit for the period to Adjusted EBITDA (unaudited) Three months ended € in millions March 31, 2026 March 31, 2025 Profit for the period 28.9 32.7 Taxation 6.4 7.0 Net financing costs 21.4 34.1 Depreciation & amortizatio
Slide 18: 2. Reconciliation of Non-IFRS Financial Measures (continued)
2. Reconciliation of Non-IFRS Financial Measures (continued) Reconciliation of reported net cash flows from operating activities to Adjusted free cash flow for the three months ended March 31, 2026 and the three months ended March 31, 2025. Three months ended Three months ended (in €m) March 31, 202