Goodfood Market Corp. · TSX:FOOD
Goodfood Market — Q2 2024 Earnings Presentation
11 slides from Goodfood Market's earnings presentation, Apr 16, 2024
Slide 1: Q2-2024 Earnings Presentation
Q2-2024 EARNINGS PRESENTATION April 16, 2024
Slide 2: Forward-looking information disclaimer
This presentation contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking information includes, but is not limited to, information with respect to our objectives and the strategies to achieve these objectives, as well as informati
Slide 3: What We Achieved this Quarter
What We Achieved this Quarter Growing Profitability … Fifth consecutive quarter of positive adjusted EBITDA1, with growing profitability… → Adjusted EBITDA margin1 ended at 8.9% or $3.5m for the quarter → 1.7% y-o-y margin improvement, in part as a result of y-o-y $1m reduction in G&A → LTM Adj. EBI
Slide 4: Active Customers and Net Sales
Active Customers1 and Net Sales Second quarter of 2024 marked by strong holiday seasonality in Quarterly Active Customers1 and consumer spending challenges offset by customer initiatives driving higher net sales per customer on the back of record basket size Quarterly Active Customers1 Net Sales End
Slide 5: Gross Profit, Adj. EBITDA and Net Income
Gross Profit, Adj. EBITDA1 and Net Income Gross Margin improved 230 basis points Y-o-Y as a result of operational and price improvements, driving positive Adj. EBITDA1 for a fifth consecutive quarter and net income generation Gross Profit Adjusted EBITDA1 Net Income & Gross Margin & Margin1 C$ milli
Slide 6: CFO and CAPEX
CFO and CAPEX CFO improvement of $4.5m year-over-year, with sequential progression driven by previously mentioned timing of Q1 payments; adjusted FCF reaching $4.3m year-to-date Cash Flows From CAPEX Operating Activities C$ millions C$ millions $3.8 $0.5 $0.1 $0.2 $0.1 -$4.4 Q2-23 Q1-24 Q2-24 Q2-23
Slide 7: Key Financial Highlights
Key Financial Highlights Goodfood continues to drive meaningful gross margin and Adjusted EBITDA1 growth (in millions of Canadian $ except for percentage information) Q2-24 Q2-23 Y-o-Y D Net Sales $39.8 $42.0 -5% Gross Profit 17.1 17.1 N/A Gross Margin (%) 43.0% 40.7% +2.3pp Adjusted EBITDA1 3.5 3.0
Slide 8: Outlook: Customer centricity to build on growth momentum
Outlook: Customer centricity to build on growth momentum Key Customer Trends: → 1) Better-for-you recipes, protein customization and fresh, locally-sourced ingredients 1) Health & Wellness 2) Unique Experiences → 2) Restaurant partnerships & discovery ingredients 3) Variety in Choice and → 3) Includ
Slide 9: Q&A
Ssoodfood Q&A
Slide 10: Metrics and Non-IFRS Financial Measures
Metrics and Non-IFRS Financial Measures The table below defines metrics and non-IFRS financial measures used by the Company throughout this presentation. Non-IFRS financial measures do not have standardized definitions prescribed by IFRS and, therefore, may not be comparable to similar measures pres
Slide 11: Company Contact – Investor Relations & Media
COMPANY CONTACT – INVESTOR RELATIONS & MEDIA Roslane Aouameur, Chief Financial Officer 1 (855) 515-5191 IR@makegoodfood.ca