The conference call is scheduled to begin at 8:30 AM Eastern Daylight Time on Wednesday, August 7, 2024. To participate on the live call listeners in North America may dial +1-877-451-6152 and international listeners may dial +1-201-389-0879. Additionally, there will be a presentation to accompany the conference call and the call is being webcast. Both can be accessed at the Nomad Foods website at www.nomadfoods.com under Investor Relations. A replay of the conference call will be available on the Company w ...

Core Viewpoint - Nomad Foods Limited has appointed Ruben Baldew as the new Chief Financial Officer, effective June 17, 2024, succeeding Samy Zekhout, who will assist in the transition until July 31, 2024 [1][3]. Group 1: Leadership Transition - Ruben Baldew brings over 20 years of global consumer products experience, previously serving as CFO of Accell Group and holding various finance roles at Unilever [2]. - Samy Zekhout has significantly contributed to Nomad Foods, leading initiatives that resulted in consistent organic revenue, EBITDA, and EPS growth during his tenure [3]. Group 2: Company Background - Nomad Foods is recognized as Europe's leading frozen food company, with a portfolio that includes well-known brands such as Birds Eye, Findus, iglo, Ledo, and Frikom [5]. - The company is headquartered in the United Kingdom and is committed to providing high-quality, nutritious, and convenient food options for consumers [5].

Nomad Foods (NOMD) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.44%. A quarter ago, it was expected that this frozen foods company would post earnings of $0.34 per share when it actually produced earnings of $0.34, delivering no surprise.Over the last four quarters, the company ...

Exhibit 99.2 Nomad Foods Limited Condensed Consolidated Interim Financial Statements (unaudited) For the three months ended March 31, 2024 Nomad Foods Limited—Interim management report General information Nomad Foods Limited (NYSE: NOMD) is Europe's leading frozen foods company. Nomad Foods Limited's (the "Company" or "Nomad") portfolio of iconic brands, which includes Birds Eye, Findus, iglo, Ledo and Frikom, have been a part of consumers' meals for generations, standing for great tasting food that is conv ...

WOKING, England, April 29, 2024 /PRNewswire/ -- Nomad Foods Limited ("Nomad Foods" or the "Company") today announced that it has repriced its existing USD denominated Term Loan B of USD 693 million principal (the "Term Loan"). The closing of the repricing of the Term Loan is expected to occur on or before May 7, 2024, subject to customary closing conditions. Following the closing, the margin on the Term Loan will be reduced by 50 basis points to SOFR + 250 basis points, which is expected to result in approx ...

WOKING, England, April 26, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD), today announced it will report results for the first quarter ended March 31, 2024 before New York Stock Exchange market open on Thursday, May 9, 2024. A conference call with members of the executive management team will be held to discuss the results with additional comments and details.The conference call is scheduled to begin at 8:30 AM Eastern Daylight Time on Thursday, May 9, 2024. To participate on the live call listeners ...

Financial Performance - Record-high net sales and Adjusted EBITDA for full year 2023, with Adjusted EPS of €1.61[1] - Full year 2024 guidance: organic net revenue growth of 3%-4%, Adjusted EBITDA growth of 4%-6%, and Adjusted EPS of €1.75-€1.80, implying 9-12% growth[3] - Q4 2023 revenue increased 1.4% to €761 million, with organic revenue growth of 1.9% driven by a 7.5% price increase offset by a 5.6% volume/mix decline[6][7] - Full year 2023 revenue increased 3.6% to €3.045 billion, with organic revenue growth of 4.9% driven by a 14.4% price increase offset by a 9.5% volume/mix decline[6][13] - Adjusted EBITDA for Q4 2023 increased 3.2% to €117 million, while full year 2023 Adjusted EBITDA increased 2% to €535 million[6][13] - Adjusted free cash flow for 2023 was €300 million, representing a 109% conversion rate[6] - Gross profit for Q4 2023 increased 8% to €208 million, with gross margin up 160 basis points to 27.3%[7] - Full year 2023 gross profit increased 5% to €859 million, with gross margin up 50 basis points to 28.2%[13] - Adjusted operating expenses for Q4 2023 increased 14% to €117 million due to higher A&P investment[13] - Full year 2023 Adjusted EPS decreased 4.2% to €1.61, reflecting higher interest charges[13] - Adjusted EBITDA margin for the twelve months ended December 31, 2023, was 17.8%, calculated based on Adjusted EBITDA and Revenue of €2,939.7 million[34] - Organic revenue growth for the twelve months ended December 31, 2023, was 4.9%, contributing to a total reported revenue growth of 3.6%[35] - Adjusted free cash flow for the year ended December 31, 2023, was €299.9 million, representing 109% of adjusted profit for the period[38] - The company reported a profit for the period of €192.7 million in 2023, down from €249.8 million in 2022, impacted by exceptional items and other adjustments[27] - Revenue for the three months ended December 31, 2023, was €760.8 million, with an adjusted operating profit of €90.4 million[29] - Adjusted EBITDA for Q4 2023 was €116.6 million, with an Adjusted EBITDA margin of 15.3% based on revenue of €760.8 million[45][48] - Revenue for Q4 2023 was €760.8 million, compared to €750.2 million in Q4 2022, showing a 1.4% increase[45][50] - Adjusted EBITDA for the full year 2023 was €535.0 million, with an Adjusted EBITDA margin of 17.6% based on revenue of €3,044.5 million[61][62] - The company's revenue for the full year 2023 was €3,044.5 million, compared to €2,985.0 million in 2022, reflecting a 2.0% increase[57][61] - Revenue for the twelve months ended December 31, 2022 was €2,939.7 million[64] - Gross profit for the period was €815.3 million[64] - Adjusted operating profit increased to €435.8 million, up from €375.4 million as reported[64] - Profit for the period after adjustments was €293.4 million, compared to €249.8 million as reported[64] - Basic and diluted earnings per share increased to €1.68 from €1.43 after adjustments[64] - Adjusted EBITDA for the twelve months ended December 31, 2022 was €524.4 million[68] Cash Flow and Financial Position - Total assets increased to €6,416.7 million in 2023 from €6,326.1 million in 2022, driven by growth in non-current assets and current assets[26] - Net cash generated from operating activities rose to €430.8 million in 2023, up from €303.8 million in 2022, reflecting improved operational efficiency[27] - The company repurchased ordinary shares worth €170.9 million in 2023, significantly higher than the €26.8 million repurchased in 2022[27] - Cash and cash equivalents at the end of 2023 stood at €399.7 million, including bank overdrafts of €13.2 million[27] - Adjusted profit for the period was €274.8 million, with adjusted free cash flow conversion at 109%[38] Costs and Expenses - The company incurred €68.4 million in expenses related to the Business Transformation Program for the full year 2023[61][62] - Fortenova Group integration costs for Q4 2023 were €2.8 million, contributing to the overall exceptional items[45][46] - Share-based payment charges and employer payroll taxes for the full year 2023 amounted to €26.1 million[57][62] - Depreciation and amortization for the full year 2023 totaled €95.0 million[61] - The Information Technology Transformation program was completed in 2023, with associated expenses of €0.6 million for the full year[61][62] - Exceptional items included €37.0 million for Business Transformation Program and €9.5 million for Fortenova Group integration costs[68] - Depreciation and amortization amounted to €88.6 million[68] - Net financing costs after adjustments were €65.9 million, up from €54.4 million as reported[64] - Taxation after adjustments increased to €76.5 million from €71.2 million as reported[64]

Market Competition and Consumer Trends - The company operates in a highly competitive market, facing pressures from both established brands and private label products, which could adversely affect sales and margins [48]. - Consumer preferences are shifting towards convenience, sustainability, and health-conscious options, which the company must adapt to in order to maintain sales and profitability [52]. - High inflation is influencing consumer behavior, with a potential shift towards discount retailers, which could negatively impact sales of branded products [50]. - The company aims to introduce new products and improve existing lines to counteract obsolescence and drive overall sales growth [55]. Supply Chain and Geopolitical Risks - The ongoing conflict between Ukraine and Russia may impact the availability and cost of key raw materials, including fish and wheat, potentially affecting production and pricing [56]. - The company is diversifying its supply sources for raw materials to mitigate risks associated with geopolitical conflicts and supply chain disruptions [57]. - The ongoing conflict in Ukraine is causing volatility in the global supply chain, affecting prices and availability of key raw materials such as fish, poultry, and energy [70]. - The company is vulnerable to fluctuations in the availability and price of food ingredients and packaging materials, which historically represent a significant portion of its cost of sales [69]. - Distribution costs have historically fluctuated significantly, and increases could reduce profits, especially if transportation services are disrupted [81]. Financial and Operational Risks - The company has identified a material weakness in internal control over financial reporting, which could affect the accuracy and timeliness of financial reporting [47]. - The company faces significant inflationary pressures, which may not be fully passed on to customers, potentially impacting profit margins [61]. - The company is exposed to macroeconomic trends that could adversely impact operations in key markets, including labor shortages and rising costs [43]. - The company faces risks related to compliance with various regulatory schemes, including European privacy and data protection regulations [47]. - There is a risk of increased distribution costs and disruptions in transportation services, which could affect the company's operations [43]. Customer and Market Dynamics - Approximately 69% of the company's revenue was generated from Key Markets in the year ended December 31, 2023 [65]. - The top 10 retail customers accounted for 32% of the company's revenue for the year ended December 31, 2023 [75]. - The company may face challenges in negotiating favorable terms with large retail customers, which could adversely affect margins and sales [75]. - The food service channel represented approximately 8% of total sales for the year ended December 31, 2023, primarily in the Nordics, Croatia, and Spain [210]. Regulatory and Compliance Issues - The company faces potential adverse effects on its image and financial condition due to changes in relationships with third-party suppliers [87]. - The company is subject to extensive regulations governing food production, which could result in fines or operational disruptions if not complied with [124]. - Non-compliance with hygiene regulations could lead to temporary shutdowns or product recalls [126]. - The company is subject to GDPR compliance, which imposes fines up to €20 million or 4% of annual global revenue for breaches [133]. Sustainability and Environmental Concerns - The company has been included in the Dow Jones Sustainability Europe Index as the third highest-ranking company in Europe within the food product industry group, achieving a maximum score of 100% in Health and Nutrition for five consecutive years [231]. - The sustainability strategy focuses on better sourcing, better nutrition, and better operations, with clear time-bound targets aligned with the UN's Sustainable Development Goals [230][233]. - Increased pressure to reduce waste and improve recyclability could impact sales and operational costs [130]. - Failure to address sustainability risks could adversely affect the company's financial condition and market position [111]. Labor and Employment Challenges - As of December 31, 2023, the company employed approximately 7,894 employees, with 62% working in manufacturing operations [106]. - The company faces potential labor shortages and increased turnover rates, which could lead to production delays and higher costs [107]. - Competition for skilled employees may result in higher labor costs due to inflationary pressures and minimum wage requirements [108]. Financial Management and Debt - The company faces risks related to its indebtedness, including the ability to meet debt service obligations and potential increases in debt service due to future acquisitions [134][136]. - Variable rate indebtedness exposes the company to interest rate risk, which could significantly increase interest expenses if market rates rise [138]. - Dividend payments and share repurchase programs may impact cash flows and the ability to meet debt obligations [141]. - The company has a mixture of partially funded and unfunded pension plans, which could increase cash obligations if investment returns are lower than expected [145][147]. Brand and Market Position - The company holds an 18% market share in the European savory frozen food market, which generated €22 billion in retail sales value in 2023 [186][185]. - The company’s brands, such as Birds Eye and Findus, are well-established with strong consumer recognition, contributing to demand for its products [191]. - Core products, which include fish, vegetables, meals, and poultry, account for 68% of the company's branded retail sales [197]. - The company benefits from established relationships with retail customers, providing access to diversified distribution channels [190]. Technology and Innovation - The company is responding to the shift towards digital and mobile technologies by investing in technology platforms and partnering with retailers, particularly in the hard discounter channel, which has seen significant growth in the UK and Southern Europe [201]. - The company’s R&D efforts focus on innovation, with a commitment to sustainable product development and healthier meal choices [195]. Internal Controls and Cybersecurity - The company recognizes that maintaining effective internal controls over financial reporting is crucial, and failure to do so could result in inaccuracies in financial statements and loss of investor confidence [159]. - Cybersecurity risks pose a threat to the company's information technology systems, potentially impacting operations and financial performance [151]. - The company has not experienced a significant cybersecurity breach that materially impacted its business, but acknowledges the increasing risks associated with cyber-attacks [154].

Financial Data and Key Metrics Changes - Company reported sales grew by 1% and 1.6% on an organic basis, exceeding original expectations [10][28] - Adjusted EBITDA was €140 million with an adjusted EBITDA margin of 18.3% [36] - Adjusted EPS came in at €0.43 per share, translating to USD 0.45 per share at current spot rates [28][36] - For the first nine months, organic sales grew by 6%, maintaining guidance for mid-single-digit growth for the full year [11][38] - Gross margin was reported at 28.4%, supported by pricing initiatives and cost control [10][63] Business Line Data and Key Metrics Changes - The company has seen a strong performance in its fish products, which account for nearly 40% of sales, with new advertising initiatives launched [31][60] - Ice cream sales in the Adriatic region reached record levels, driven by good weather and effective marketing [15] - The company has increased its advertising and promotion (A&P) spending to 5% of sales from 3.5% last year to drive growth [8][9] Market Data and Key Metrics Changes - The frozen food category is showing signs of recovery, with volume growth in 12 out of 16 markets tracked [60] - In the U.K., the company launched a back-to-school campaign that reached over 90% of households [32] - The company noted that private label price gaps have stabilized, allowing for competitive positioning [44] Company Strategy and Development Direction - The primary strategic objective is to return to volume growth, with expectations for improvement in Q4 and into 2024 [25][27] - The company is focusing on enhancing in-store execution and promotional activities to drive demand [26][59] - A new $500 million share repurchase program has been approved, alongside plans for a regular quarterly dividend starting in early 2024 [13][58] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in Q3 due to retail disputes but expressed optimism for recovery in Q4 and beyond [41][45] - The company is closely monitoring the impact of weight loss drugs on food industry volumes but believes it is well-positioned due to its product portfolio [6][7] - Management expects to see a balanced mix of price and volume as A&P investments take hold in the market [66] Other Important Information - The company generated €125 million of adjusted free cash flow in the first nine months, with a conversion ratio of 56% [37] - Working capital decreased by €151 million, contributing to improved cash flow performance [37][64] - The company is maintaining its adjusted free cash flow guidance of approximately €250 million for the year [66] Q&A Session Summary Question: What is the impact of retail disputes on Q3 revenues? - Management indicated that around 2% of revenues were "lost" due to negotiations, but they expect positive impacts in Q4 and Q1 [42][41] Question: How is the company addressing private label competition? - Management noted that private label price gaps have stabilized, allowing the company to operate competitively while focusing on promotions [44] Question: What is the expected timeline for volume recovery? - Management expressed confidence in regaining market share and volume growth by Q1 of the following year [45][91] Question: How does the company view the frozen food category's performance? - Management highlighted that the frozen food category is showing recovery, with volume growth in most key markets [60][52] Question: What are the expectations for gross margin in Q4? - Management projected that gross margins would remain stable, supported by pricing and cost discipline [18][54]

Nomad Foods Disclaimer Certain statements and matters discussed in this Presentation may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "aim", "anticipate", "believe", "continue", "estimate", "expect", "intend", "may", "should", "strategy", "will" and words of similar meaning, including all matters that are not historical facts. This Presentation includes forward-looking statements about the Company's: (i) ...