Financial Data and Key Metrics Changes - Total revenues decreased by 1% to EUR 596 million, with organic revenues declining by 4.5% due to the anniversary of peak COVID-related demand, offset by the acquisition of Findus Switzerland and favorable currency translation contributing 4 percentage points to revenue growth [21][22] - Adjusted EBITDA grew to EUR 123 million, representing a 4% increase year-over-year and an 11% CAGR compared to 2019 [8][24] - Adjusted EPS increased by 18% to EUR 0.40 per share, with a 10% reduction in the weighted average share count contributing to this growth [8][24] Business Line Data and Key Metrics Changes - The branded retail business experienced an expected decline, while the non-branded business saw growth, particularly in foodservice, which grew over 40% compared to the prior year [21][22] - Green Cuisine emerged as a key growth driver, achieving nearly 14% market share in the frozen meat-free category across Western Europe [13][14] Market Data and Key Metrics Changes - Market share trends improved sequentially in May and June, with market share increasing compared to the prior year period [10] - The frozen food category's growth normalized compared to the first quarter, but remained elevated on a two-year basis [9] Company Strategy and Development Direction - The company is focused on achieving organic revenue growth and double-digit adjusted EPS growth for 2021, supported by the pending acquisition of Fortenova's Frozen Business, which is expected to create a new baseline for growth [6][19] - The acquisition of Fortenova will expand geographic reach into eight Central and Eastern European countries and introduce a new high-margin ice cream category [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2021 guidance despite a dynamic operating environment, citing strong underlying fundamentals and improved capacity leading to normal promotional activity [11][20] - The company is managing inflation effectively, expecting to keep inflation in the low single-digit percentage range despite rising commodity costs [15][16] Other Important Information - The company generated EUR 103 million of adjusted free cash flow in the first half of the year, equating to a 66% cash conversion rate [25] - A new buyback authorization of up to $500 million was approved by the Board of Directors, maintaining a focus on enhancing shareholder value while preparing for the Fortenova acquisition [34][72] Q&A Session Summary Question: Market share progress and organic growth target - Management acknowledged the importance of market share for growth and noted improvements in May and June, with positive trends expected to continue [39] Question: Guidance prudence despite strong EBITDA - Management reiterated that the full-year guidance remains unchanged due to a dynamic environment, emphasizing the need for prudence [42] Question: Share gains and capacity constraints - Management confirmed that capacity constraints have been lifted, allowing for more aggressive promotional activities and improved market share [44] Question: Inflation expectations - Management indicated that inflation is manageable due to the company's portfolio mix and scale, with no significant impact on gross margins expected [60][61] Question: Category decline expectations - Management expects the category to decline in low single digits, while branded business is anticipated to grow modestly [64] Question: Trends in the UK market amid COVID-19 - Management noted improvements in market share in July and indicated that the situation remains dynamic, with no expected lockdowns [71] Question: Capital allocation strategy - Management emphasized a focus on enhancing shareholder value while prioritizing the Fortenova acquisition and maintaining flexibility for share repurchases [72]

| --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|---------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | May 6, 2021 First Quarter 2021 Earnings Results | | | | | | | | | Disclaimer Certain statements and matters discussed in this Presentation, as well as the accompanying oral presentation, may constitute forward-looking statem ...

Financial Data and Key Metrics Changes - The company reported a revenue growth of 3.6% to EUR 707 million, driven by 1.8% organic revenue growth and a 3% contribution from the acquisition of Findus Switzerland [33][34] - Adjusted EBITDA increased by 15% to EUR 138 million, while adjusted EPS grew by 42% to EUR 0.47 per share [37] - Gross margin expanded by 130 basis points, reflecting strong procurement execution and lower promotional activity [35][11] Business Line Data and Key Metrics Changes - The branded retail business led growth with mid single-digit increases, while foodservice and private label experienced double-digit declines [34] - The company achieved 1.8% organic revenue growth in Q1, building on a 7.7% increase during the same period last year [14][34] Market Data and Key Metrics Changes - The company noted that many corporate offices remain closed and restaurants still have capacity restrictions, contributing to sustained elevated demand [15] - The company is experiencing more rational shopping behavior, with consumers developing new routines that include larger family meal sizes and online food purchases [16] Company Strategy and Development Direction - The company announced a planned acquisition of Fortenova's Frozen Food Group, which is expected to enhance its portfolio and result in combined annualized EPS above $2 per share [12][26] - The company is investing in new permanent capacity to support growth in 2022 and beyond, including a new production line in the UK [19][82] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year guidance, citing strong Q1 performance and plans to improve service levels [9][40] - The company expects low single-digit inflation in 2021 and believes it has the levers to manage gross margin effectively [11][41] Other Important Information - The company generated EUR 98 million of adjusted free cash flow in Q1, equating to 117% cash conversion [38] - The integration of Findus Switzerland is progressing well, with strong performance during Q1 [24][25] Q&A Session Summary Question: Difference between shipments and consumption due to supply constraints - Management indicated that branded sell-out was mid single-digit percentage, with supply constraints impacting sales growth [48][49] Question: Market share trends and capacity constraints - Management acknowledged that market share loss was primarily due to capacity utilization differences compared to competitors, with plans to recoup share later in the year [51][56] Question: Pricing power and inflation management - Management confirmed that pricing plans were in place to manage inflation, with strong brands supporting pricing power [62][66] Question: Inflation guidance and cost pressures - Management stated that inflation remains manageable, aided by effective procurement strategies [72][73] Question: Promotional spending to regain market share - Management indicated that regaining market share would involve shifting promotional plans rather than incurring additional spending [74] Question: Trends heading into April and May - Management expressed confidence in achieving full-year plans, with strong trends continuing [80] Question: Capacity expansion and its impact on gross margin - Management noted that new capacity would improve efficiency and gross margin by reducing reliance on co-packing [84]

Financial Data and Key Metrics Changes - Organic revenue growth of 9.5% driven by an 8.6% increase in volume and mix, and a 0.9% increase in price [9][11] - Adjusted EBITDA of €119 million, with adjusted EPS growth of 19% to €0.38 per share [10][25] - Gross margin expanded by 160 basis points to 31.5%, marking the strongest quarterly gross margin rate in over two years [9][24] Business Line Data and Key Metrics Changes - Branded retail portfolio grew by 12% during Q4, with strong performance in fish fingers, coated fish, poultry, and plant protein [22][11] - Non-branded channels represented approximately 10% of sales, experiencing mid-single-digit growth in private label sales and nearly 30% declines in food service due to COVID-19 restrictions [23] Market Data and Key Metrics Changes - Demand for frozen foods accelerated in late October 2020, continuing into 2021 [11] - The company reported a significant increase in advertising and promotional spending, with a 30% year-on-year increase in A&P spend [12][24] Company Strategy and Development Direction - Focus on core portfolio anchored in frozen fish and vegetables, with plans for breakthrough innovation in Green Cuisine, aiming to grow revenues to over €100 million by the end of next year [18][20] - Active M&A strategy, including the acquisition of Findus Switzerland and exclusive discussions to acquire the frozen food portfolio of the Fortenova Group [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving another year of double-digit adjusted EPS growth in 2021, with total revenue and adjusted EBITDA growth expected to be approximately 3% to 5% [29][32] - The company believes it is still in the early stages of value creation, with strong plans to continue momentum into 2021 [63][64] Other Important Information - Generated €345 million of adjusted free cash flow in 2020, setting a new record for the company [13][26] - Initiated a $300 million share buyback program in March 2020, repurchasing over €600 million of stock [14] Q&A Session Summary Question: Drivers of organic sales guidance and COVID gains - Management highlighted the importance of brand investment and the strong performance of core categories, indicating confidence in achieving 1% to 2% growth in 2021 despite the challenges [40][41] Question: Marketing spend and support for Findus Switzerland - Management indicated that SG&A will be flat year-on-year in 2021, with continued investment in brand support and a focus on driving ROI [42] Question: Industry and trade negotiations post-Brexit - Management noted that Brexit has been navigated successfully, with some logistical issues but overall positive outcomes for trade negotiations [45][46] Question: Synergy and accretion potential from Findus Switzerland - Management stated that the plan is on track for synergy realization, with a focus on competitive advantages and cost management [47][49] Question: Surging demand for frozen foods and potential for new categories - Management reaffirmed commitment to core categories and indicated that the focus will remain on must-win battles rather than diversifying into less profitable areas [56] Question: Marketing strategy for Green Cuisine amidst competition - Management emphasized the importance of brand differentiation and strong distribution networks, with a focus on growing the category rather than engaging in a land grab [58][59]

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]

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 ...

Financial Data and Key Metrics Changes - The company reported organic revenue growth of 5.4%, driven by a 4.2% increase in volume and mix, and a 1.2% increase in price [9][24] - Gross margin expanded by 90 basis points to 30.4% [10][25] - Adjusted EBITDA grew by 13% to approximately $109 million, and adjusted EPS increased by 20% to approximately $0.30 per share [10][26] - Revenues increased by 6.7% to approximately $576 million, with branded retail business growing just over 7% [24] Business Line Data and Key Metrics Changes - The branded retail business, which represents 90% of sales, grew over 7%, while food service and private label declined by 23% and 5% respectively [24] - The Green Cuisine brand achieved a record market share of 7% in the frozen plant-protein category in the U.K. [14] Market Data and Key Metrics Changes - The company entered three new markets: Portugal, Sweden, and Finland, expanding Green Cuisine's availability to 12 European markets [15] - The company noted a moderation of growth in packaged food and frozen savory relative to the extraordinary growth in Q2, but still outperformed in total frozen savory and packaged foods [10][11] Company Strategy and Development Direction - The company aims to engage new consumers through increased advertising and promotion (A&P) investments [12] - The focus remains on organic growth and complementary acquisitions within the European frozen food sector [17] - Sustainability commitments are being prioritized, including joining the 10x20x30 initiative to halve food loss and waste by 2030 [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving organic revenue, adjusted EBITDA, and adjusted EPS growth in 2021 compared to 2020 consensus [22] - The company is preparing for potential impacts from COVID-19 restrictions and is monitoring consumption growth closely [11][21] - Management noted that consumer behavior has stabilized, with less panic buying observed during the second lockdown [57] Other Important Information - The company returned $467 million of capital to shareholders during Q3, with approximately $600 million repurchased year-to-date, representing a 14% reduction in share count [17] - The company achieved the SAI Platform, Farm Sustainability Assessment Gold Level for pea farm management, marking a significant milestone in sustainability efforts [19] Q&A Session Summary Question: Clarification on 2021 growth expectations - Management clarified that they expect organic revenue growth, adjusted EBITDA growth, and adjusted EPS growth in 2021 compared to 2020 consensus, but noted the uncertainty due to COVID-19 [36] Question: Supply chain contingency plans for Brexit - Management indicated that they have prepared well for Brexit and have rebuilt safety stock to manage demand fluctuations [42][44] Question: Impact of sustainability efforts on costs and revenue - Management emphasized that sustainability initiatives are critical for business and can lead to cost reductions and revenue growth [46][47] Question: M&A opportunities in the current environment - Management stated that they are focused on frozen food consolidation in Europe and are prepared to act when opportunities arise [51][52] Question: Changes in consumer purchasing habits - Management noted that they are tracking repeat purchase rates and are pleased with the current trends, indicating some changes may be more permanent [91] Question: Competitive landscape for plant-based products - Management highlighted that Green Cuisine is positioned well in the market, achieving significant growth and market share [80][81]

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 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 ...

Financial Data and Key Metrics Changes - Organic revenue growth of 7.7% driven by a 6.3% increase in volume and mix and a 1.4% increase in price [10] - Gross margin at 29.1%, down 180 basis points year-over-year, in line with expectations [41] - Adjusted EBITDA of €120 million, representing a 2% decline versus the prior year [42] - Adjusted EPS of €0.33 for the quarter [43] - Revenue increased 10.5% to €683 million, benefiting from a trading day effect of 3.2% [40] Business Line Data and Key Metrics Changes - Branded retail business represents 90% of sales, with private label and foodservice each accounting for roughly 5% [14] - Market share increased by 1 percentage point in March, a notable improvement compared to the previous 52-week period [20] Market Data and Key Metrics Changes - Strong demand observed since March, with elevated growth continuing into April [26] - The company noted a significant shift to at-home consumption, leading to an influx of new consumers into the frozen food category [19] Company Strategy and Development Direction - Focus on maintaining supply chain efficiency and employee safety during the COVID-19 crisis [9][22] - Plans to navigate the medium-term with merchandising, innovation, and promotions as restrictions ease [28] - Long-term strategy includes capitalizing on increased e-commerce and consumer habits towards frozen food [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in exceeding full-year guidance due to strong first-quarter results and elevated sales growth expectations [11] - The company is preparing for a range of scenarios, including potential recession impacts, while expecting resilience in the frozen food category [30] Other Important Information - The company has a strong balance sheet with €828 million in cash and short-term investments, and total liquidity of nearly €1 billion [46] - A share repurchase program of €300 million was announced, with €91 million deployed towards buybacks [45] Q&A Session Summary Question: Confidence in providing full-year guidance amidst uncertainty - Management highlighted the unique positioning of the portfolio, with a focus on frozen food and retail channels, allowing for more accurate forecasting [58][60] Question: New household penetration and comparison to normal circumstances - Management noted that it is too early to quantify new household penetration but observed a significant influx of new consumers [64][75] Question: Strategic initiatives for stabilizing the Sweden business and Aunt Bessie's - Management discussed the establishment of a new management team in Sweden and the recovery of distribution for Aunt Bessie's [81][83] Question: Green Cuisine media timing and strategy - Management confirmed that the media timing for Green Cuisine has shifted but remains positive about the product's performance and market trends [95][96] Question: Gross margin expectations for the year - Management expects gross margin to improve in the second half of the year as inflation moderates [101] Question: Competitors' ability to respond to demand spikes - Management emphasized early and decisive actions taken in the supply chain, which helped maintain market share during the crisis [107][111] Question: Consumer behavior towards brands versus private labels - Management observed a short-term gravitation towards brands, with expectations of potential shifts towards private labels in a recessionary environment [118][120]