Nomad Foods Limited · NYSE:NOMD
Nomad Foods — Q2 2016 Earnings Presentation
14 slides from Nomad Foods's earnings presentation, Aug 25, 2016
Slide 1: Earnings Conference Call Q2 2016 Update
Earnings Conference Call Q2 2016 Update Thursday, August 25th 2016 These materials may not be used or relied upon for any purpose other than as specifically contemplated by a written agreement with Credit Suisse AG or its Affiliates (hereafter “Credit Suisse”).
Slide 2: Disclaimer
Disclaimer BY READING THIS PRESENTATION, YOU ARE DEEMED TO HAVE READ AND ACCEPTED THE STATEMENT BELOW. This presentation has been prepared by Nomad Foods Limited. This presentation provides information about Nomad Foods Limited and its subsidiaries. Any references to Nomad shall mean Nomad Foods Lim
Slide 3: Today's Presenters
Today’s Presenters Stéfan Descheemaeker Paul Kenyon CEO CFO 3
Slide 4: Q2 2016 Financial Performance
Q2 2016 Financial Performance
Slide 5: Nomad Net Sales Performance by Quarter
Nomad Net Sales Performance by Quarter Pre-Nomad Strategy New Strategic Direction Strategic Review Food of Life Pan-European Ad Campaign Launch Revenue Mgmt. NPD Strategy Launches Cost Review New Packaging Launch Annual Promo Changes Negotiations New Ad Renovation Campaign Launches Q4 Q1 Q2 Q3 Q4 Q1
Slide 6: Q2 2016 As Adjusted Operating Performance
Q2 2016 As Adjusted Operating Performance €m Q2/16 Q2/15 Delta Revenue 455.9 488.0 -32.1 Gross Profit 139.6 148.4 -8.8 Gross profit margin (%) 30.6% 30.4% 0.2% A&P -25.8 -37.9 12.1 A&P (% Revenues) 5.7% 7.8% -2.1% Indirects -48.6 -50.7 2.1 Indirects (% Revenues) 10.7% 10.4% 0.3% Depreciation & Amort
Slide 7: Q2 2016 As Adjusted Performance Highlights
Q2 2016 As Adjusted Performance Highlights Q2 2016 Performance Net revenue was down €32.1m or 6.6%, year-on-year. Adjusting for currency impacts and the exit from Russia, the like-for-like decline was 3.8% - a 2.3% improvement on the rate of decline in the first quarter. As has been the case in th
Slide 8: Q2 2016 As Adjusted Revenue Bridge
Q2 2016 As Adjusted Revenue Bridge As Adjusted Revenue LFL : (3.8%) For comparative purposes, Nomad Foods is presenting Pro Forma As Adjusted financial information for the three months ended June 30, 2015. Pro Forma As Adjusted financial information for the three months ended June 30, 2015 includes
Slide 9: Q2 2016 As Adjusted Gross Profit Bridge
Q2 2016 As Adjusted Gross Profit Bridge As Adjusted Gross Margin: +0.2% 30.4% 30.6% For comparative purposes, Nomad Foods is presenting Pro Forma As Adjusted financial information for the three months ended June 30, 2015. Pro Forma As Adjusted financial information for the three months ended June 30
Slide 10: Q2 2016 As Adjusted EBITDA Bridge
Q2 2016 As Adjusted EBITDA Bridge As Adjusted EBITDA Margin: +2.2% 14.9% 17.1% For comparative purposes, Nomad Foods is presenting Pro Forma As Adjusted financial information for the three months ended June 30, 2015. Pro Forma As Adjusted financial information for the three months ended June 30, 201
Slide 11: YTD 2016 As Adjusted Operating Performance
YTD 2016 As Adjusted Operating Performance €m YTD 16 YTD 15 Delta Revenue 1,003.0 1,058.8 -55.8 Gross Profit 307.1 327.1 -20.0 Gross profit margin (%) 30.6% 30.9% -0.3% A&P -54.5 -69.5 15.0 A&P (% Revenues) 5.4% 6.6% -1.2% Indirects -99.7 -103.5 3.8 Indirects (% Revenues) 9.9% 9.8% 0.1% Depreciation
Slide 12: YTD 2016 As Adjusted Performance Highlights
YTD 2016 As Adjusted Performance Highlights YTD 2016 Performance Net revenue was down €55.8m or 5.3%, year-on-year. Adjusting for currency impacts, the exit from Russia, an additional trading day in Q1 2016 due to the leap year and the business acquisition of La Cocinera in Spain, the like-for-lik
Slide 13: YTD 2016 As Adjusted Cash flow
YTD 2016 As Adjusted Cash flow YTD 16 YTD 15(1) DELTA €m €m €m As Adjusted EBITDA 177.7 178.5 (0.8) Loss on disposal of property, plant & equipment 0.2 - 0.2 Working Capital movement 13.2 19.4 (6.2) Pensions & Other Provisions movements (2.0) (4.0) 2.0 Capital Expenditure (12.3) (18.9) 6.6 As Adjust
Slide 14: Nomad Foods Q&A
Nomad Foods Q&A