The Simply Good Foods Company · NASDAQ:SMPL

The Simply Good Foods — Barclays Global Consumer Staples Conference 2019

15 slides from The Simply Good Foods's conference presentation, Sep 4, 2019

1. Slide 1: Barclays Global Consumer Staples Conference

   Barclays Global Consumer Staples Conference September 4, 2019

2. Slide 2: Joseph E. Scalzo, President and Chief Executive Officer

   JOSEPH E. SCALZO PRESIDENT AND CHIEF EXECUTIVE OFFICER 1

3. Slide 3: Today's Agenda

   Today’s Agenda Speakers Discussion Topics Joe Scalzo SMPL Overview Chief Executive Officer Introduction to Quest Nutrition Financial Highlights Todd Cunfer Andrew Lazar Q&A Chief Financial Officer Barclays Food Analyst 2

4. Slide 4: Disclaimer

   Disclaimer Forward Looking Statements Certain statements made in this presentation are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied b

5. Slide 5: SMPL Began Trading July 13, 2017

   : SMPL Began Trading July 13, 2017 Private and public company experience Led by Jim Kilts and Dave West; strong across multiple branded consumer track record of building and revitalizing products, food and nutrition categories brands 4

6. Slide 6: Who is Simply Good Foods?

   Who is ? TRUSTED BRANDS  A developer, marketer and Premium-priced product offering GROWTH VISION: seller of branded Leading retail shelf position in HBA aisle Simply Good Foods nutritional foods and snacking products aims to lead the nutritious snacking  Created by the movement with combination of

7. Slide 7: Our Business Aligns With Consumer Mega Trends

   Our Business Aligns With Consumer Mega Trends of Snacking, Meal Replacement, Convenience and Health & Wellness Health Concerns Continue to Grow… …Consensus Building on Nutrition US Obesity Rate1: A Call for a Low Sugar and Carbs, Carb Diet That Not Physical Embraces Fat Inactivity, Behind Surge in O

8. Slide 8: Our Strategy Is Resonating With Consumers

   Our Strategy Is Resonating With Consumers Atkins Brand Foundation Recent Strategic Initiatives Contributing to Acceleration Clean Label: Fewer and Marketing Campaign  Strong consumer brand that Recognizable Ingredients stands for low carb, minimal sugar, protein rich nutrition for people seeking we

9. Slide 9: Continuous Point-of-Sales Growth

   Continuous Point-of-Sales Growth Atkins U.S. Snacking Point-of-Sale Data(1) $608 (2) $498 $461 $443 $396 $415 $378 $333 $267 $213 $166 $137 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source: Nielsen FDMx and Retail Link for years 2008 – 2011. Total U.S. Multi-Outlet IRI, excluding f

10. Slide 10: Our Value Creation Track Record

    Our Value Creation Track Record Net Sales ($mm) Relative Performance1 +++ $ 431 $ 396 $ 384 $ 323 ~198% return from ~165% 149% 123% +8.4% Conyers IPO at $10.00 YoY +19% YoY 2017 2018 2018 YTD Q3 2019 YTD Q3 2020 Adjusted EBITDA ($mm) +++ $ 73 $ 79 $ 75 $ 60 20% +8.4% YoY +24% YoY 2017 2018 2018 YTD

11. Slide 11: A Unique and Fast-Growing Active Nutrition Brand

    : A Unique and Fast-Growing Active Nutrition Brand Quest Overview Financial Summary  In 2010, Ron and Shannon Penna create the ~$345m first Quest Protein Bar which became available $296m in stores in 2012 $274m Net  Quest is a healthy lifestyle food brand with a Sales mission of making foods peopl

12. Slide 12: Four Reasons Why We Really Like the Business

    Four Reasons Why We Really Like the Business 1  Creates an attractive branded portfolio in the large and fast growing nutritious snacking category Branded Portfolio  Quest is a strong lifestyle consumer brand with broad snacking products and a compelling underlying nutritional philosophy 2 Scale S

13. Slide 13: Quest Offers Compelling Growth and Cost Opportunities

    Quest Offers Compelling Growth and Cost Opportunities  Utilize Simply Good Foods strengths in broad reach media, celebrity and PR to Selling & accelerate awareness, consideration and trial of Quest products Marketing  Leverage Quest’s small format retail and e-commerce capabilities to build distri

14. Slide 14: Go-Forward Financial Profile

    Go-Forward Financial Profile 1 2 Long-Term FY 2019E LTM (May-2019) Growth Algorithm Revenue ~$345mm $492mm  Sustainable + 4% - 6% annual growth with more growth avenues Revenue ~17% 17% Growth 3 Adj. EBITDA ~$50mm $93mm (~$70 with run-rate  Long-term EBITDA synergies) growth slightly ahead of sale

15. Slide 15: Q&A

    Q&A Simply yGood FOODS COMPANY

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