Nomad Foods Limited · NYSE:NOMD
Nomad Foods — Q2 2026 Earnings Presentation
20 slides from Nomad Foods's earnings presentation, Aug 13, 2026
Slide 1: Second Quarter 2026 Earnings Results
SECOND QUARTER 2026 Earnings Results August 13, 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: Second Quarter Highlights
Second Quarter Highlights • Organic revenue declined 2.9% in the quarter due primarily to previously disclosed, and since resolved, retail disputes. • Adjusted Gross margin inflected to growth, rising 110 bps year-on-year as pricing was secured and productivity benefits continued. • Adjusted EBITDA
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 Impacted by temporary retail disruptions. 5 Source: NielsenIQ & Circana
Slide 6: Second Quarter 2026 Key Financial Metrics
Second Quarter 2026 Key Financial Metrics Adjusted Adjusted Total Revenue Adjusted Gross EBITDA** EPS** Margin** €724m 28.9% €124m €0.39 (2.9)% organic** +110 bps YoY $0.45* 6 * Adjusted EPS converted to USD, the currency in which Nomad Foods shares trade, for illustrative purposes and based on USD/
Slide 7: Second Quarter 2026 Key Operating Highlights
Second Quarter 2026 Key Operating Highlights (in €m other than EPS) 2Q 2026 2Q 2025 YoY Change Revenue €724 €747 (3.1)% Organic revenue growth/(decline)* (2.9)% Adjusted gross profit* 209 208 1% Adjusted gross margin* 28.9% 27.8% 110 bp Adjusted operating expense* (111) (103) 8% Depreciation & amort
Slide 8: 2026 YTD Free Cash Flow Highlights
2026 YTD Free Cash Flow Highlights 6 months ended 6 months ended (in €m) June 30, 2026 June 30, 2025 Adjusted EBITDA* €216 €249 Change in working capital (52) (63) Capital expenditures1 (37) (37) Cash taxes (20) (34) Cash interest & other2 (64) (66) Adjusted free cash flow* €43 €49 Adjusted profit f
Slide 9: Reiterating 2026 Organic Revenue, Adjusted EBITDA and Cash Conversion Guidance; Updating Adjusted EPS Guidance
Reiterating 2026 Organic Revenue, Adjusted EBITDA and Cash Conversion Guidance; Updating Adjusted EPS Guidance Following Debt Refinancing Organic Revenue** Adjusted EBITDA** Adjusted EPS** Adjusted Free Cash Flow Conversion** 2 - 5% 5 - 10% €1.38 - €1.53 90%+ decline decline vs. prior €1.47-€1.62 $1
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: 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 and six month periods ended June 30, 2026. Year on Year Growth - June 30, 2026 compared to June 30, 2025 Three Months Ended June
Slide 15: 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 June 30, 2026 As reported for the three As adjusted for the three € in millions, except per share data months ended June 30, Adjustments months ended June 30, 2026 202
Slide 16: 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 June 30, 2025 As reported for the three As adjusted for the three € in millions, except per share data months ended June 30, Adjustments months ended June 30, 2025 202
Slide 17: Reconciliation of Non-IFRS Financial Measures (continued)
2. Reconciliation of Non-IFRS Financial Measures (continued) Statement of Profit or Loss (unaudited), as adjusted Six Months Ended June 30, 2026 As reported for the six As adjusted for the six € in millions, except per share data months ended June 30, Adjustments months ended June 30, 2026 2026 Reve
Slide 18: Reconciliation of Non-IFRS Financial Measures (continued)
2. Reconciliation of Non-IFRS Financial Measures (continued) Statement of Profit or Loss (unaudited), as adjusted Six Months Ended June 30, 2025 As reported for the six As adjusted for the six € in millions, except per share data months ended June 30, Adjustments months ended June 30, 2025 2025 Reve
Slide 19: Reconciliation of Profit for the period to Adjusted EBITDA
2. Reconciliation of Non-IFRS Financial Measures (continued) Reconciliation of Profit for the period to Adjusted EBITDA (unaudited) Three months ended Six months ended € in millions June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Profit for the period 48.5 57.1 77.4 89.8 Taxation 11.6 13.5 1
Slide 20: Reconciliation of operating cash flows to Adjusted free cash flow
2. Reconciliation of Non-IFRS Financial Measures (continued) Reconciliation of reported net cash flows from operating activities to Adjusted free cash flow for the six months ended June 30, 2026 and the six months ended June 30, 2025. Six months ended Six months ended (in €m) June 30, 2026 June 30,