Bellring Brands, Inc. · NYSE:BRBR
Bellring Brands — Q2 2023 Earnings Presentation
16 slides from Bellring Brands's earnings presentation, May 9, 2023
Slide 1: Second Quarter Fiscal Year 2023 Supplemental Presentation
Second Quarter Fiscal Year 2023 Supplemental Presentation May 8, 2023 Investor Presentation November 2022
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements Certain matters discussed in this presentation and the accompanying oral presentation are • BellRing’s reliance on a limited number of third party suppliers to provide certain ingredients forward-looking statements within the meaning of the P
Slide 3: Cautionary Statement Regarding Forward-Looking Statements (Cont'd)
Cautionary Statement Regarding Forward-Looking Statements (Cont’d) (CONTINUED FROM PRIOR PAGE): • costs, business disruptions and reputational damage associated with information technology failures, cybersecurity incidents and/or information security breaches; • the accuracy of BellRing’s market dat
Slide 4: Additional Information
Additional Information Market and Industry Data Prospective Information This presentation includes industry and trade association data, forecasts and information Any prospective information provided in this presentation regarding BellRing’s future that were prepared based, in part, upon data, foreca
Slide 5: Q2 FY2023 Consumption and Key Metrics Executive Summary
Q2 FY2023 Consumption and Key Metrics Executive Summary ● The liquids category continues to experience strong growth rates (+21%)1, in excess of historical growth (~+5%). ● Premier Protein ready-to-drink (“RTD”) shake consumption was up (+22%)2 in Q2 FY2023. ○ Q2 FY2023 consumption outpaced shipment
Slide 6: Liquids Category Continues to Outpace Historical Growth Rates
Liquids Category Continues to Outpace Historical Growth Rates YOY % Δ Liquids Category Growth Rate L13 +21% L52 +15% Historical growth 5% $%Chg 11 17 13 8 8 11 9 11 12 15 20 19 20 23 21 20 vs YA: Notes: IRI Multi Outlet + Convenience. 6
Slide 7: Premier Protein RTD Shakes Are Growing Across All Channels
Premier Protein RTD Shakes Are Growing Across All Channels Premier Protein RTD Shakes $ Sales vs. Prior Year Channel 13 Weeks 52 Weeks Club +17.8% +4.1% Mass +37.9% +21.1% Food +27.3% +9.4% eCommerce +17.6% -4.3% Total Consumption (tracked + untracked channels) +21.9% +6.4% Total Tracked +25.6% +10.
Slide 8: Premier Protein RTD Shake Consumption Grew on Improved Supply and Stronger Velocities
Premier Protein RTD Shake Consumption Grew on Improved Supply and Stronger Velocities Notes: IRI Multi Outlet + Convenience and management estimates of untracked channels. 8
Slide 9: Q2 FY2023 Consumption Outpaced Shipments on Improved Retailer In-Stocks
Q2 FY2023 Consumption Outpaced Shipments on Improved Retailer In-Stocks to Meet Strong Seasonal Demand Premier Protein RTD Shakes Consumption vs. Shipments (13 Week Quarters) Trade Inventory Trade Inventory Shipments Tracking Consumption Consumption Trade Inventory Trade Inventory Consumption Increa
Slide 10: Premier Protein Shake TDPs Grew in Q2 FY2023 with Improved Retailer In-Stocks
Premier Protein Shake TDPs Grew in Q2 FY2023 with Improved Retailer In-Stocks % ACV TDPs Notes: IRI Multi Outlet + Convenience. 10
Slide 11: Household Penetration Grew vs. CY 2022 as Supply Increased
Household Penetration Grew vs. CY 2022 as Supply Increased Premier Protein Total Brand and RTD Shake Penetration Liquids 41.4 HH Pen Liquids 40.8 HH Pen 18.0 16.5 15.9 Liquids 37.4 HH Pen 16.0 14.2 13.8 14.2 13.6 13.8 13.3 14.0 11.5 11.1 12.0 10.0 8.0 6.0 4.0 2.0 +23% +24% +16% +15% -16% -16% -10% -
Slide 12: Premier Protein RTD Shakes Gain Share Despite Intentional Pullback in Promotions
Premier Protein RTD Shakes Gain Share Despite Intentional Pullback in Promotions, Marketing and Assortment Monthly Premier Protein RTD Shakes $ Share % 19.7% 19.1% Notes: IRI Multi Outlet + Convenience. 12
Slide 13: U.S. Dymatize Powders Achieving Strong Growth
U.S. Dymatize Powders Achieving Strong Growth U.S. Dymatize Powders $ Sales vs. Prior Year Channel 13 Weeks 52 Weeks eCommerce +38.0% +31.7% Specialty/All Other +47.1% +31.1% Mass +62.3% +72.5% Club -27.0% -61.6% Food +93.6% +88.1% Total Consumption (tracked + untracked channels) +38.3% +29.5% Total
Slide 14: U.S. Dymatize Powders Continue Strong Track Record of Growth
U.S. Dymatize Powders Continue Strong Track Record of Growth Driven by Distribution Gains and Promotions Notes: IRI Multi Outlet + Convenience and management estimates of untracked channels. 14
Slide 15: U.S. Dymatize Powders Distribution Levels Reach All Time High
U.S. Dymatize Powders Distribution Levels Reach All Time High % ACV TDPs Notes: IRI Multi Outlet + Convenience. 15
Slide 16: Slide 16