Nomad Foods Limited · NYSE:NOMD
Nomad Foods — Q2 2025 Earnings Presentation
21 slides from Nomad Foods's earnings presentation, Aug 6, 2025
Slide 1: Second Quarter 2025 Earnings Results
SECOND QUARTER 2025 Earnings Results August 6, 2025
Slide 2: Disclaimer
Disclaimer This Presentation has been prepared and issued by Nomad Foods Limited (the “Company”). This Presentation has been provided solely for information and background. The information in this Presentation is provided as at the date of the Presentation (unless stated otherwise). This Presentatio
Slide 3: Second Quarter Highlights
Second Quarter Highlights • Organic growth contracted -1.1% on -1% volume decline as the savory frozen food category weakened further than expected due to unfavorable weather. • Value and volume share stabilized in the quarter and retail sell-through growth accelerated through mid-June. • Adjusted g
Slide 4: Category Value Growth Remained Healthy; Volume Growth Softened on Weather and UK Promo Comparison
Category Value Growth Remained Healthy; Volume Growth Softened on Weather and UK Promo Comparison 4 Source: NielsenIQ & Circana
Slide 5: Market Share Growth Firmed as Expected
Market Share Growth Firmed as Expected 5 Source: NielsenIQ & Circana
Slide 6: 2H25 Innovation & Renovation News
2H25 Innovation & Renovation News 6
Slide 7: Second Quarter 2025 Key Financial Metrics
Second Quarter 2025 Key Financial Metrics Adjusted Adjusted Adjusted Total Revenue Gross EBITDA** EPS** Margin** €747m 27.8% €129m €0.40 -(1.1)% -310 bps YoY $0.46* organic** *Q2 25 Adjusted EPS converted to USD, the currency in which Nomad Foods shares trade, for illustrative purposes and based on
Slide 8: Second Quarter 2025 Key Operating Highlights
Second Quarter 2025 Key Operating Highlights (in €m other than EPS) 2Q 2025 2Q 2024 YoY Change Revenue €747 €753 (0.8)% Organic revenue growth/(decline)* (1.1)% Adjusted gross profit* 208 233 (11)% Adjusted gross margin* 27.8% 30.9% (310) bp Adjusted operating expense* (103) (117) (11)% Depreciation
Slide 9: 2025 YTD Free Cash Flow Highlights
2025 YTD Free Cash Flow Highlights 6 months ended 6 months ended (in €m) June 30, 2025 June 30, 2024 Adjusted EBITDA* €249 €262 Change in working capital (63) (89) Capital expenditures1 (37) (40) Cash taxes (34) (19) Cash interest & other2 (66) (72) Adjusted free cash flow* €49 €42 Adjusted profit f
Slide 10: Updated 2025 Guidance
Updated 2025 Guidance Organic Revenue Adjusted EBITDA** Adjusted EPS** Adjusted Free Cash Flow Conversion** 0% to -2% -3% to -7% €1.64 to €1.76 90%+ YoY YoY (€1.82-€1.89 prior) (0-2% prior) (0-2% prior) $1.89-$2.02* 10 *2025 Adjusted EPS guidance range converted to USD, the currency in which Nomad F
Slide 11: Questions?
Questions?
Slide 12: Appendix
Appendix
Slide 13: Contents
Contents The following tables have been included to allow users to reconcile Non-IFRS financial measures as well as Adjusted financial information included within this presentation to reported IFRS financial measures. 1. Definitions of Non-IFRS financial measures referred to in this presentation. 2.
Slide 14: Definitions of Non-IFRS financial measures referred to in this presentation
1. Definitions of Non-IFRS financial measures referred to in this presentation Non-IFRS financial measures should not be considered as substitutes for, or superior to, measures of financial performance prepared in accordance with IFRS. They are limited in value because they exclude charges that have
Slide 15: Reconciliation of Non-IFRS Financial Measures
2. Reconciliation of Non-IFRS Financial Measures Reconciliation from reported to organic revenue growth/(decline) The following table is a reconciliation of reported revenue growth to Organic Revenue Growth for the three and six month periods ended June 30, 2025. Year on Year Growth - June 30, 2025
Slide 16: Reconciliation of Non-IFRS Financial Measures (continued)
2. Reconciliation of Non-IFRS Financial Measures (continued) Adjusted Statement of Profit or Loss (unaudited) Three Months Ended June 30, 2025 As reported for the three As adjusted for the three € in millions, except per share data months ended June 30, Adjustments months ended June 30, 2025 2025 Re
Slide 17: Reconciliation of Non-IFRS Financial Measures (continued)
2. Reconciliation of Non-IFRS Financial Measures (continued) Adjusted Statement of Profit or Loss (unaudited) Three Months Ended June 30, 2024 As reported for the three As adjusted for the three € in millions, except per share data months ended June 30, Adjustments months ended June 30, 2024 2024 Re
Slide 18: Reconciliation of Non-IFRS Financial Measures (continued)
2. Reconciliation of Non-IFRS Financial Measures (continued) Adjusted Statement of Profit or Loss (unaudited) Six Months Ended June 30, 2025 As reported for the six As adjusted for the six € in millions, except per share data months ended June 30, Adjustments months ended June 30, 2025 2025 Revenue
Slide 19: Reconciliation of Non-IFRS Financial Measures (continued)
2. Reconciliation of Non-IFRS Financial Measures (continued) Adjusted Statement of Profit or Loss (unaudited) Six Months Ended June 30, 2024 As reported for the six As adjusted for the six € in millions, except per share data months ended June 30, Adjustments months ended June 30, 2024 2024 Revenue
Slide 20: Reconciliation of Non-IFRS Financial Measures (continued)
2. Reconciliation of Non-IFRS Financial Measures (continued) Reconciliation of Profit for the period to Adjusted EBITDA (unaudited) Three months ended Six months ended € in millions June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Profit for the period 57.1 70.9 89.8 105.4 Taxation 13.5 16.8
Slide 21: Reconciliation of Non-IFRS Financial Measures (continued)
2. Reconciliation of Non-IFRS Financial Measures (continued) Reconciliation of reported net cash flows from operating activities to Adjusted free cash flow for the six months ended June 30, 2025 and the six months ended June 30, 2024. Six months ended Six months ended (in €m) June 30, 2025 June 30,