Nomad Foods(NOMD)

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Nomad Foods(NOMD) - 2021 Q2 - Earnings Call Transcript
2021-08-07 23:22
Nomad Foods Limited (NYSE:NOMD) Q2 2021 Results Conference Call August 5, 2021 8:30 AM ET Company Participants Taposh Bari - Head, Investor Relations Stefan Descheemaeker - Chief Executive Officer Samy Zekhout - Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Rob Dickerson - Jefferies Jason English - Goldman Sachs Robert Moskow - Credit Suisse Faiza Alwy - Deutsche Bank Jon Tanwanteng - CJS Securities Taposh Bari Hello, and welcome to the Nomad Foods Second Quarter 2021 Earnings ...
Nomad Foods(NOMD) - 2021 Q1 - Earnings Call Presentation
2021-05-12 20:32
| --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|---------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 ...
Nomad Foods(NOMD) - 2021 Q1 - Earnings Call Transcript
2021-05-09 20:31
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]
Nomad Foods(NOMD) - 2020 Q4 - Earnings Call Transcript
2021-02-28 16:15
Start Time: 08:30 January 1, 0000 9:03 AM ET Nomad Foods Limited (NYSE:NOMD) Q4 2020 Earnings Conference Call February 25, 2021, 08:30 AM ET Company Participants Stefan Descheemaeker - CEO Samy Zekhout - CFO Taposh Bari - Head, IR Conference Call Participants Andrew Olsen - UBS Peter Lukas - CJS Securities William Chappell - SunTrust Robinson Humphrey Operator Good day, and welcome to Nomad Foods Fourth Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief ...
Nomad Foods(NOMD) - 2020 Q4 - Earnings Call Presentation
2021-02-25 18:15
| --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|----------------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | February 25, 2021 Fourth Quarter 2020 Earnings Results | | | | | | | | Disclaimer Certain statements and matters discussed in this Presentation, as well as the accompanying oral presentation, may constitute forward-looking statements. Forward-looking statements are statements ...
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 ...