TreeHouse Foods, Inc. (NYSE:THS) Q1 2023 Earnings Conference Call May 8, 2023 8:30 AM ET Company Participants P.I. Aquino - Vice President of Investor Relations Steve Oakland - Chairman, Chief Executive Officer, and President Patrick O'Donnell - Executive Vice President and Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Capital Bill Chappell - Truist Securities Matt Smith - Stifel William Reuter - Bank of America Michael Coppola - JPMorgan Hale Holden - Barclays Capital Operato ...

| --- | --- | --- | --- | --- | --- | --- | --- | |-------|----------------------------------------------------------------|---------------------------------------------------------------|-------|-------|--------------------------------------------------------|-----------|--------| | | | Location in Condensed \nConsolidated Statements of Operations | | | Three Months Ended \n2023 \n(unaudited, in millions) | March 31, | 2022 | | (1) | Growth, reinvestment, and restructuring programs | Other operating expens ...

Washington, D.C. 20549 Form 10-K (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission file number 001-32504 TreeHouse Foods, Inc. (Exact name of the registrant as specified in its charter) (State or other jurisdiction of incorporation ...

Q4 2022 Results and Outlook 2 1 Delivered category leading unit growth versus both national brands and private label in retail measured channels in the fourth quarter 3 1 Adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA") and Adjusted EBITDA Margin are non-GAAP financial measures. See "Comparison of Adjusted Information to GAAP Information" in the Appendix for the definitions of the non-GAAP measures, information concerning certain items affecting comparability, and reconcili ...

Financial Data and Key Metrics Changes - In Q4 2022, revenue grew by 22% to $996 million, driven by a 24.6% increase in pricing to recover inflation, while volume and mix declined by 2.2% [3][128] - Adjusted EBITDA for Q4 was $120 million, representing a 12% EBITDA margin, which is a 320 basis point improvement sequentially [128][143] - The company ended the year with a covenant leverage of 3.2 times and liquidity of over $500 million [5] Business Line Data and Key Metrics Changes - The core retail grocery business, which accounts for approximately 80% of annual revenue, achieved 3% volume growth across both measured and unmeasured channels [8] - Operations declined by $35 million in Q4 due to supply chain disruptions and investments in employee retention [9] Market Data and Key Metrics Changes - The overall retail landscape saw a 17% increase in pricing to recover higher input costs, while total edible consumption on a unit basis declined over 3% [139][140] - Private label units grew almost 3.5% within retail measured channels, outperforming national brands, which saw a 5% decline [140][141] Company Strategy and Development Direction - The company is focusing on becoming a higher growth, higher margin private label snacking and beverage business, with strategic partnerships and investments in capabilities [6][21] - The long-term growth ambition includes annual revenue growth of 3% to 5% and adjusted EBITDA growth of 8% to 10% starting in 2024 [127] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the macro environment supporting private label growth, with expectations for improved service levels and capacity investments to drive growth [133][144] - The company anticipates mid-single-digit inflation in 2023, with pricing actions already taken to offset some of the inflation [34][126] Other Important Information - The company plans to invest approximately $130 million in capital expenditures in 2023, with half focused on growth and supply chain initiatives [18] - The divestiture of a significant portion of the Meal Preparation business has allowed the company to optimize its portfolio and strengthen its balance sheet [20][137] Q&A Session Summary Question: How much of the supply chain recovery can be expected in 2023? - Management indicated that while they have not provided an exact number, they expect to make progress in recovering from supply chain impacts [16][17] Question: What is the expected magnitude of net inflation in 2023? - Management expects mid-single-digit inflation, with some pricing already in place to offset it [26][34] Question: How does the company plan to address capacity constraints? - Management acknowledged capacity constraints but expressed confidence in their ability to recover and optimize operations to meet demand [28][39] Question: What is the outlook for private label growth in 2023? - Management believes that private label growth will continue, supported by strong demand and strategic investments [69][72] Question: How will capital investments support growth? - Management stated that capital investments will facilitate capacity expansion and improve operational efficiency, which is crucial for achieving growth targets [41][82]

TreeHouse Foods Inc. (NYSE:THS) Q3 2022 Earnings Conference Call November 7, 2022 8:30 AM ET Company Participants P.I. Aquino - VP of IR Steve Oakland - President, CEO and Director Pat O’Donnell - CAO Conference Call Participants Andrew Lazar - Barclays Jon Andersen - William Blair Chris Growe - Stifel Bill Chappell - Truist Securities Rob Moskow - Credit Suisse Connor Rattigan - Consumer Edge Research Hale Holden - Barclays Operator Welcome to the TreeHouse Foods' Third Quarter 2022 Conference Call. All pa ...

Q3 2022 Results and Outlook Steve Oakland, CEO and President Patrick O'Donnell, Interim CFO and Chief Accounting Officer November 7, 2022 Forward looking statements From time to time, we and our representatives may provide information, whether orally or in writing, which are deemed to be "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Litigation Reform Act"). These forward-looking statements and other information are based on our beliefs as well as assumpti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2022. or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-32504 TreeHouse Foods, Inc. (Exact name of the registrant as specified in its charter) Delaware 20-2311383 (State or other juri ...

TreeHouse Foods Inc. (NYSE:THS) Q2 2022 Earnings Conference Call August 8, 2022 8:30 AM ET Company Participants P.I. Aquino - VP of IR Steve Oakland - President, CEO and Director Pat O’Donnell - CAO Conference Call Participants Andrew Lazar - Barclays Bill Chappell - Truist Securities Chris Growe - Stifel Robert Moskow - Credit Suisse Jon Andersen - William Blair Michael Coppola - JPMorgan Operator Welcome To the TreeHouse Foods' Second Quarter Conference Call. All participants will be in listen-only mode. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2022. or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-32504 TreeHouse Foods, Inc. (Exact name of the registrant as specified in its charter) Delaware 20-2311383 (State or other jur ...