EX-99.2 3 nomadfoodsinvestorpresen.htm EX-99.2 NF INVESTOR PRESENTATION nomadfoodsinvestorpresen


 
This Presentation has been prepared and issued by Nomad Foods Limited (the protect its brand names and trademarks, (xix) uncertainty about the terms of any trade “Company”). This Presentation has been provided solely for information and background. regarding the Company’s productivity program, including the four key pillars, and the agreement between the UK and the EU associated with Brexit, as well as the potential The information in this Presentation is provided as at the date of the Presentation (unless anticipated cost savings the Company expects to receive from such program, (xviii) adverse impact of Brexit on currency exchange rates, global economic conditions and stated otherwise). This Presentation does not constitute or form part of, and should not be beliefs regarding the Company’s supply chain and the critical role it is expected to play cross-border agreements that affect the Company’s business, (xx) loss of the Company’s construed as: (i) an offer, solicitation or invitation to subscribe for, sell or issue, underwrite in ensuring that growth comes with the right margins, (xix) expectations regarding the Company’s major customers or a decrease in demand for its products, (xxii) economic communication, form the basis of, or be relied upon in connection with, or act as any expectations regarding the Company’s commitment to driving top-quartile TSR versus conditions that may affect the Company’s future performance including exchange inducement to enter into any contract or commitment whatsoever with respect to such its peers, and (xxi) expectations regarding the Company’s M&A strategy. The forward- looking statements in this Presentation speak only as of the date hereof and are based upon various assumptions, many of which are based, in turn, upon further assumptions. the Company’s ability to achieve and sustain organic growth and a higher level of Certain statements and matters discussed in this Presentation may constitute forward- Although the Company believes that these assumptions were reasonable when made, looking statements. Forward-looking statements are statements that are not historical (xxv) the Company’s failure to comply with, and liabilities related to, environmental, “estimate”, “expect”, “intend”, “may”, “should”, “strategy”, “will” and words of similar to predict and are beyond its control. health and safety laws and regulations, (xxv) the Company’s ability to successfully meaning, including all matters that are not historical facts. This Presentation includes These statements are not guarantees of future performance and are subject to known applicable laws or regulations, and (xxvii) the other risks and uncertainties disclosed in forward-looking statements about the Company’s: (i) expectations regarding the and unknown risks, uncertainties and other factors that could cause actual results to acquisition of Findus Switzerland, including the anticipated purchase price, timing for differ materially from those expressed or implied by such forward-looking statements, other public disclosures by the Company. closing, and the ability of such acquisition to extend the Company’s footprint into including: (i) the Company’s ability to successfully complete the acquisition of Findus Western Europe and to unify the Findus brand, (ii) expectations regarding the Company’s Switzerland on the anticipated terms within the expected time frame, and its ability Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Other than in accordance with its legal COVID-19 pandemic on the Company’s business, suppliers, co-manufacturers, distributors, or regulatory obligations, the Company is not under any obligation and the Company transportation or logistics providers, customers, consumers and employees; tapering or the opportunities that would be created thereby, including the ability to pursue the reduction of consumer demand for frozen foods as pandemic-related restrictions are or revise any forward looking statements, whether as a result of new information, future Company’s M&A strategy and repurchase shares, and the Company’s expectations lifted or conditions improve, and the success of the Company’s strategic investments to events or otherwise. This Presentation shall not, under any circumstances, create any regarding initiating a dividend under certain circumstances, (iv) expectations regarding implication that there has been no change in the business or affairs of the Company the Company’s operations, supply chain or distribution channels, including as a result since the date of this Presentation or that the information contained herein is correct Company’s 2020 guidance, 2021 preliminary view and long-term targets with respect of the COVID-19 pandemic, and the Company’s ability to maintain the health and as at any time subsequent to its date. No statement in this Presentation is intended as a to organic revenue growth, Adjusted EBITDA growth and Adjusted EPS in 2020, 2021 and safety of its workforce, (iv) the duration, spread and intensity of the pandemic and 2025, (v) belief that the Company is well positioned to sustain strong organic revenue related government restrictions and other government responses, including the impact generally been obtained from industry publications and surveys or studies conducted growth and the anticipated core drivers of such growth, (vi) expectation to achieve of a potential second wave of the pandemic, (v) the Company’s ability to successfully by third-party sources. There are limitations with respect to the availability, accuracy, €2.30 in Adjusted EPS by 2025, (vii) expectations regarding the Company’s 2025 long term completeness and comparability of such data. The Company has not independently of such strategic initiatives, (vi) the commercial success of the Green Cuisine brand of Adjusted Free Cash Flow and expectations regarding the long-term target building products, including as a result of its expansion into Western Europe, and other innovations not under any obligation to update, complete, revise or keep current the information blocks to achieve such targets, (viii) expectations that plant protein will represent at introduced to the markets and the Company’s ability to accurately forecast the brand’s contained in this Presentation. Certain statements in this document regarding the market least 5% of revenues within the next few years and expectations to reboot the “Captain” performance in light of COVID-19, (vii) the Company’s ability to retain new consumers and competitive position data are based on the internal analyses of the Company, icon in 2021, (ix) anticipated goal to retain 25-30% of new COVID users in 2021, (x) through increased advertising and promotional investments, (viii) the Company’s ability which involves certain assumptions and estimates. These internal analyses have not expectations regarding the Company’s Space & Place initiative to drive improved and to effectively compete in its markets, including the ability of Green Cuisine to effectively increased distribution of products with core retail partners, (xi) belief that the Company compete in continental Europe, (ix) changes in consumer preferences, such as meat assumptions or estimates are accurate. This Presentation includes certain additional key has the right to win in countries outside of its core, including with plant protein and substitutes, and the Company’s failure to anticipate and respond to such changes or expectations regarding the Company’s vegetables innovations, including their ability to to successfully develop and renovate products, (x) the effects of reputational damage not limited to, organic revenue growth, Adjusted EBITDA, Adjusted earnings per share modernize the category and drive consumption, including by use of new technology, from unsafe or poor quality food products, (xi) the Company’s ability to successfully and Adjusted Free Cash Flow, Net Debt to Adjusted Pro Forma EBITDA. Nomad Foods (xii) expectations regarding the Green Cuisine brand, including that Green Cuisine will execute its acquisition plans, including its ability to identify suitable acquisition targets and achieve approximately €30 million revenue in 2020 and €100 million plus in revenue successfully complete acquisitions, (xii) the adequacy of the Company’s cash resources by 2022, as well as the expected impact of Green Cuisine on overall organic revenue growth, (xiii) intention to introduce Green Cuisine to the French market, expectations for under favorable terms, (xiv) increases in operating costs, including labor costs, and the be different from the calculations used by other companies and comparability may the brand’s performance and other plans and strategies for French and other regions, (xiv) expectations regarding the Company’s 360 degrees approach, (xv) expectations food ingredients and packaging materials that the Company uses in its products, (xvi) an alternative or substitute for the Company’s reported results. For a reconciliation of regarding extending the Company’s pipeline across a number of breakthrough growth the Company’s ability to effectively mitigate factors that negatively impact its supply of platforms, (xv) belief that the Company has a competitively advantaged portfolio and raw materials, (xvii) the Company’s ability to successfully implement, and engage other to the Appendix to this Presentation. is aligned to help drive a more sustainable food system for a better future, (xvi) intention stakeholders in implementing, its sustainability program, (xviii) the Company’s ability to


 


 


 
Head of Investor Relations Chief Executive Officer Chief Commercial Officer Managing Director Northern Europe Managing Director Southern Europe Managing Director Western Europe Chief Supply Chain Officer Chief Financial Officer