Nomad Foods(NOMD)

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Nomad Foods(NOMD) - 2020 Q4 - Earnings Call Presentation
2021-02-25 18:15
Financial Highlights - Q4 2020 - Organic revenue grew by 9.5% [9], exceeding the prior guidance of high-single digit growth [15] - Adjusted EPS increased by 19% year-over-year to €0.38 [9, 23] - Gross margin expanded by 160 basis points year-over-year [9, 23] Financial Highlights - Full Year 2020 - Total revenues reached €2.52 billion, with organic growth of 8.7% [12] - Adjusted EBITDA was €467 million [12] - Adjusted EPS grew by 10% to €1.35 [12] - Adjusted Free Cash Flow was €345 million, representing a 131% conversion rate [12] 2021 Guidance - The company projects total revenue growth of 3-5% [29] - Organic revenue growth is expected to be approximately 1-2% [30] - Adjusted EPS growth is projected to be approximately 11-15%, reaching €1.50-€1.55 [32, 33] Strategic Initiatives - The company deployed over €600 million of cash towards share repurchases and €112 million to acquire the Findus Switzerland business in 2020 [15]
Nomad Foods(NOMD) - 2020 Q4 - Annual Report
2021-02-25 11:47
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) Commission file number 001-37669 Nomad Foods Limited (Exact Name of Registrant as Specified in Its Charter) British Virgin Islands (Jurisdiction of Incorporation or Organization) No. 1 New Square Bedfont Lakes Business Park Feltham, Middlesex TW14 8HA, United Kingdom (Address of Principal Executive Offices) Samy Zekhout No. 1 New Square Bedfont Lakes Business Park Feltham, Middlesex TW14 8HA Telephone:+(44) 208 918 ...
Nomad Foods(NOMD) - 2020 Q3 - Earnings Call Transcript
2020-11-08 08:42
Nomad Foods Ltd (NYSE:NOMD) Q3 2020 Earnings Conference Call November 5, 2020 8:30 AM ET Company Participants | --- | |--------------------------------------------------------------------------------------------| | | | Taposh Bari - Head, IR Stefan Descheemaeker - CEO & Director Samy Zekhout - CFO & Director | | | | Conference Call Participants | | Robert Dickerson - Jefferies John Baumgartner - Wells Fargo Securities | | Peter Lukas - CJS Securities Ariel Altaras - Cr??dit Suisse | | Grant O'Brien - Truist ...
Nomad Foods(NOMD) - 2020 Q2 - Earnings Call Transcript
2020-08-10 02:18
Nomad Foods Limited (NYSE:NOMD) Q2 2020 Earnings Conference Call August 6, 2020 8:30 AM ET Company Participants Taposh Bari - Head of Investor Relations St??fan Descheemaeker - Chief Executive Officer Samy Zekhout - Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Capital John Baumgartner - Wells Fargo Securities Matthew Fishbein - Jefferies LLC Brian Holland - D.A. Davidson Companies Bill Chappell - Truist Securities Jason English - Goldman Sachs Robert Moskow - Credit Suisse Gr ...
Nomad Foods Limited (NOMD) Presents At Deutsche Bank dbAccess Global Consumer Conference - Slideshow
2020-06-12 16:42
Nomad Foods Serving the world with better food dbAccess Global Consumer Conference 2020 June 10, 2020 Disclosures 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 Presentation does not constitute or form part of, and should not be construed as: (i) an offer, solicitation or invitati ...
Nomad Foods(NOMD) - 2020 Q1 - Earnings Call Transcript
2020-05-10 03:46
Nomad Foods Limited (NYSE:NOMD) Q1 2020 Earnings Conference Call May 7, 2020 8:30 AM ET Company Participants Taposh Bari - Head of IR Stefan Descheemaeker - CEO Samy Zekhout - CFO Conference Call Participants Andrew Lazar - Barclays Steve Strycula - UBS Rob Dickerson - Jefferies John Baumgartner - Wells Fargo Faiza Alwy - Deutsche Bank Brian Holland - D.A. Davidson Jon Tanwanteng - CJS Securities Bill Chappell - SunTrust Robinson Humphrey Operator Good day, and welcome to the Nomad Foods First Quarter 2020 ...
Nomad Foods(NOMD) - 2020 Q1 - Earnings Call Presentation
2020-05-08 18:41
First Quarter 2020 Earnings Results May 7th 2020 Disclosures 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 Presentation does not constitute or form part of, and should not be construed as: (i) an offer, solicitation or invitation to subscribe for, sell or issue, underwrite or oth ...
Nomad Foods(NOMD) - 2019 Q4 - Earnings Call Transcript
2020-03-01 03:22
Financial Data and Key Metrics Changes - The company reported fourth quarter organic revenue growth of 1.7%, driven by a 3.2% increase in price, offset by a 1.5% decline in volume and mix [7][8] - Adjusted gross margin remained unchanged at 29.9% compared to the previous year [7][22] - Adjusted EBITDA for the fourth quarter was €116 million, representing a growth of 15% [7][23] - Adjusted EPS for the quarter was €0.32, an increase of 10% [23][25] - For the full year 2019, revenue increased by 7%, driven by 2.1% organic revenue growth and 4.9 percentage points from acquisitions [24][25] Business Line Data and Key Metrics Changes - The core business, representing 70% of sales, continued to generate low-single-digit organic revenue growth, while the remaining 30% declined in a controlled manner [8][9] - Germany achieved organic revenue growth of 9% in the fourth quarter, driven by strong execution and strategic expansion [9] - The U.K. saw a 1% decline in organic revenues during the quarter, attributed to prioritizing gross margins, particularly affecting the Aunt Bessie's brand [10][42] - Sweden experienced a significant decline of 15% in the fourth quarter, with management acknowledging executional issues [11][12] Market Data and Key Metrics Changes - Nine out of 13 core markets experienced growth in the fourth quarter, with Germany, Italy, and France leading the way [8] - The U.K. and Sweden were noted as declining markets, with expectations for recovery in the U.K. in Q2 [10][11] - Sweden's market challenges were attributed to executional issues rather than market demand, with plans for a turnaround in place [12][46] Company Strategy and Development Direction - The company is focused on pan-European expansion of its Green Cuisine brand, which has shown strong market performance in the U.K. [15][16] - Plans for 2020 include launching Green Cuisine in at least six new countries, with expectations of generating over €100 million in revenues by 2022 [17][18] - The company aims to maintain gross margins despite anticipated inflation and is committed to reinvesting profits from Green Cuisine into marketing and promotions [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges and maintain growth, despite a projected decline in Q1 [20][28] - The company anticipates a balanced revenue growth between price and volume in 2020, with a focus on strategic acquisitions in the frozen food sector [14][27] - Management acknowledged the need for operational improvements in Sweden and emphasized the importance of execution and strategic focus [12][46] Other Important Information - The company generated over €200 million in free cash flow during the year, with a strong cash position of over €800 million [14][26] - Adjusted free cash flow for 2019 was €228 million, with a conversion rate of 97% of adjusted EBITDA into free cash flow [26] Q&A Session Summary Question: Insights on expected cadence for organic sales and EBITDA - Management highlighted confidence in Q2 due to successful negotiations and the launch of Green Cuisine in new markets [32][34] Question: Consideration of share buybacks given current equity valuation - Management stated that while share buybacks are evaluated, the focus remains on M&A opportunities that add more value [39] Question: Operational challenges in the U.K. and Sweden - Management clarified that the U.K. business is generally performing well, with specific challenges related to Aunt Bessie's brand due to competitive promotions [42] - Sweden's issues were attributed to executional focus, with a new management team in place to drive improvements [46] Question: Green Cuisine's market positioning and competition - Management confirmed that Green Cuisine is expected to take market share from traditional meat products, with a focus on maintaining gross margins [52][87] Question: Impact of potential coronavirus on operations - Management reported no significant supply chain disruptions and noted increased consumer demand for frozen food in Italy [90][91]
Nomad Foods(NOMD) - 2019 Q4 - Annual Report
2020-02-27 11:53
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) Nomad Foods Limited (Exact Name of Registrant as Specified in Its Charter) British Virgin Islands (Jurisdiction of Incorporation or Organization) No. 1 New Square Bedfont Lakes Business Park Feltham, Middlesex TW14 8HA (Address of Principal Executive Offices) Samy Zekhout No. 1 New Square Bedfont Lakes Business Park Feltham, Middlesex TW14 8HA Telephone:+(44) 208 918 3200 Facsimile:+(44) 208 918 3491 (Name, Telephon ...
Nomad Foods (NOMD) Presents At 2020 CAGNY Conference - Slideshow
2020-02-21 22:00
CAGNY 2020 February 19, 2020 Disclosures 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 Presentation does not constitute or form part of, and should not be construed as: (i) an offer, solicitation or invitation to subscribe for, sell or issue, underwrite or otherwise acquire any s ...