Goodfood Market Corp. · TSX:FOOD
Goodfood Market — Q1 2024 Earnings Presentation
11 slides from Goodfood Market's earnings presentation, Jan 16, 2024
Slide 1: Q1-2024 Earnings Presentation
Q1-2024 EARNINGS PRESENTATION January 16, 2024
Slide 2: Forward-looking information
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 Q1 EBITDA Profitability and Cash Flows… Fourth consecutive quarter of positive adjusted EBITDA1, set up for growing profitability… → Adjusted EBITDA margin1 ended at 3.6% or $1.5m for the quarter → 8.5% y-o-y margin improvement, in part as a result of y-o-y $5m reductio
Slide 4: Active Customers and Net Sales
Active Customers1 and Net Sales First quarter of 2024 marked by positive trend in Quarterly Active Customers1, growing to 124,000 (highest level since Q2-23) with incentives focused on re-engagement driving further increase in net sales per active customer Quarterly Active Customers1 End of period O
Slide 5: Gross Profit, Adj. EBITDA and Net Loss
Gross Profit, Adj. EBITDA1 and Net Loss Gross Margin improved 390 basis points Y-o-Y as a result of operational improvements and price optimization, driving positive Adj. EBITDA1 for a fourth consecutive quarter Gross Profit Adjusted EBITDA1 Net Income & Gross Margin & Margin1 C$ millions C$ million
Slide 6: CFO and CAPEX
CFO and CAPEX Volume rebound had a strong impact on profitability and working capital while leading to strong CFO; capital expenditures remained low and Adjusted Free Cash Flow1 improved by $9m compared to last year Cash Flows Used by CAPEX Operating Activities C$ millions C$ millions $20.0 $4 -$2 $
Slide 7: Key Financial Highlights
Key Financial Highlights Goodfood continues to drive meaningful gross margin and Adjusted EBITDA1 improvements while persistently delivering on its commitment to growing profitability (in millions of Canadian $ except for percentage information) Q1-24 Q1-23 Y-o-Y Net Sales $40.5 $47.1 -14% Gross P
Slide 8: Outlook: Generating growth by focusing on the customer
Outlook: Generating growth by focusing on the customer → Increased carb-wise, calorie-wise, keto, paleo and high-protein recipes by 50%+ Consumers are increasingly → Introduced organic & Better-for-You proteins answer that need along with increased variety of fresh locally focused on health & wellne
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