The Simply Good Foods Company · NASDAQ:SMPL
The Simply Good Foods — Q2 2021 Earnings Presentation
17 slides from The Simply Good Foods's earnings presentation, Apr 7, 2021
Slide 1: Second Quarter Fiscal Year 2021 Earnings Conference Call & Webcast Presentation
Second Quarter Fiscal Year 2021 Earnings Conference Call & Webcast Presentation April 7, 2021 0
Slide 2: Disclaimer
Disclaimer Forward Looking Statements Certain statements made herein 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 by or include w
Slide 3: Joseph E. Scalzo, President and Chief Executive Officer
JOSEPH E. SCALZO PRESIDENT AND CHIEF EXECUTIVE OFFICER 2
Slide 4: Today's Speakers and Agenda
Today’s Speakers and Agenda Speakers Agenda \ Mark Pogharian Introduction VP, Investor Relations Joe Scalzo Q2 Highlights President & Chief Executive Officer Business Update Todd Cunfer Financial Summary Chief Financial Officer Q&A 3
Slide 5: Second Quarter Fiscal 2021 Overview
Second Quarter Fiscal 2021 Overview Q2 Simply Good Foods net sales increased +1.5% versus last year. Core on-going net sales increased +2.7%, driven by e-commerce strength, strong Quest performance and international growth - As expected, trade promotion greater than last year supporting higher lev
Slide 6: Simply Good Foods Retail Takeaway Outpacing the Category
Simply Good Foods Retail Takeaway Outpacing the Category Simply Good Foods IRI MULO + C-store market share increased Marketplace trends similar to Q1 Shopper trips in the mass channel challenged but should improve in the second half of the year U.S. IRI MULO + C-store Retail Takeaway % Change
Slide 7: Atkins Retail Takeaway
Atkins® Retail Takeaway Strong e-commerce performance resulted in total Atkins Q2 retail takeaway in measured and unmeasured channels down low single-digits1 Atkins Q2 IRI MULO retail takeaway off -5.7%, identical 2 to the Q1 decline. As expected, channel and form trends similar to the last few
Slide 8: Quest Retail Takeaway
Quest® Retail Takeaway 1 Quest Q2 measured channel retail takeaway increased +16.0%, significantly outpacing the category, driven by cookies, chips and confections - Confections off to a strong start and more than offset RTD shake declines Quest bars Q2 retail takeaway, off -4.3%, sequentially i
Slide 9: Summary
Summary Second quarter results largely in-line with our plans. Retail takeaway slightly better than expected driven by solid e-commerce growth as well as Quest performance in measured channels Encouraged with improving nutritional snacking category trends - Increase of Atkins new buyers indicate
Slide 10: Todd Cunfer, Chief Financial Officer
TODD CUNFER CHIEF FINANCIAL OFFICER 9
Slide 11: Net Sales Performance
Net Sales Performance Net Sales Drivers of Growth 1 10
Slide 12: 2nd Quarter Net Sales and Profit
2nd Quarter Net Sales and Profit Fiscal Q2 2021 vs. Year Ago Period Net Sales1 Gross Profit Adjusted EBITDA (and % Margin)1 (and % Margin)1,2 1.5% Year-Over-Year 5.7% Year-Over-Year 2.2% Year-Over-Year Growth Growth Growth $230.6 $227.1 Includes $5.1 million inventory step-up, a 220 bps headwind to
Slide 13: Year-to-Date Net Sales and Profit
Year-to-Date Net Sales and Profit Fiscal YTD 2021 vs. Year Ago Period Net Sales1 Gross Profit Adjusted EBITDA (and % Margin)1 (and % Margin)1,2 21.8% Year-Over-Year 24.9% Year-Over-Year 24.2% Year-Over-Year Growth Growth Growth $461.8 $379.3 Includes $7.5 million inventory step-up, a 220 bps headwin
Slide 14: Earnings Per Share-Diluted
Earnings Per Share-Diluted Reconciliation of Adjusted Diluted EPS1 2 3 4 1 Adjusted Diluted Earnings Per Share is a non-GAAP financial measure. The Company excludes, among other items, acquisition related costs, such as business transaction costs, integration expense and non-cash deal amortization e
Slide 15: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Fiscal 2Q21 term loan debt pay-down of $25 million; term loan debt balance at 1 February 27, 2021, $556.5 million (LIBOR +375 bps) Fiscal second quarter year-to-date cash flow from operations of $39.8 million - Cash and cash equivalents balance at February 27, 2021 of $
Slide 16: Fiscal 2021
Fiscal 2021 Our business continues to perform well despite the significant effects over the last year due to reduced consumer mobility related to COVID-19. In the second half of the year, we anticipate improving retail takeaway trends in our business driven by: - Easier year ago comparisons - Impr
Slide 17: Q&A
Q&A Simply ¥Good FOODS COMPANY”
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