US Foods Holding Corp. (NYSE:USFD) Q3 2022 Earnings Conference Call November 10, 2022 10:00 AM ET Company Participants Adam Dabrowski - Investor Relations Andrew Iacobucci - Chief Executive Officer Dirk Locascio - Chief Financial Officer Robert Dutkowsky - Executive Chair Conference Call Participants Jake Bartlett - Truist Securities Nicole Miller - Piper Sandler John Heinbockel - Guggenheim Partners Edward Kelly - Wells Fargo Lauren Silberman - Credit Suisse Jeffrey Bernstein - Barclays Mark Carden - UBS K ...

US Foods Holding Corp (NYSE:USFD) Q2 2022 Earnings Conference Call August 11, 2022 10:00 AM ET Company Participants Snehal Shah - Investor Relations Andrew Iacobucci - Interim Chief Executive Officer Dirk Locascio - Chief Financial Officer Robert Dutkowsky - Executive Chairman Conference Call Participants Lauren Silberman - Crédit Suisse Edward Kelly - Wells Fargo Securities John Heinbockel - Guggenheim Securities Peter Saleh - BTIG Jake Bartlett - Truist Securities Kelly Bania - BMO Capital Markets Alexand ...

Q2 Fiscal Year 2022 Results August 11, 2022 Disclaimer Page Cautionary Statements Regarding Forward-Looking Information Statements in this presentation which are not historical in nature are "forward-looking statements" within the meaning of the federal securities laws. These statements often include words such as "believe," "expect," "project," "anticipate," "intend," "plan," "outlook," "estimate," "target," "seek," "will," "may," "would," "should," "could," "forecast," "mission," "strive," "more," "goal," ...

US Foods Holding Corp (NYSE:USFD) Q1 2022 Earnings Conference Call May 12, 2022 10:00 AM ET Company Participants Snehal Shah - Senior Director of Investor Relations Bob Dutkowsky - Executive Chairman Dirk Locascio - CFO Andrew Iacobucci - Interim CEO Bill Hancock - Executive VP and Chief Supply Chain Officer Conference Call Participants Lauren Silberman - Credit Suisse Edward Kelly - Wells Fargo Jake Bartlett - Truist Securities Alex Slagle - Jefferies Nicole Miller - Piper Sandler Jeffrey Bernstein - Barcl ...

Q1 2022 Financial Performance - Net sales increased to $78 billion, a 239% increase compared to Q1 2021[11] - Total case volume increased by 4%[11] - Independent restaurant (IND) case volume increased by 9%[11] - Adjusted EBITDA grew by 40% to $241 million[11] - Adjusted Diluted EPS was $036, a 200% increase[11] - Adjusted Gross profit increased to $1267 billion, a 237% increase[38] - Adjusted Operating expenses increased to $1032 billion, a 201% increase[38] Debt and Leverage - Total debt decreased to $4993 billion from $5738 billion in Q1 2021[14] - Net debt was $4803 billion[14] - Net Leverage Ratio reduced to 43x from 75x in Q1 2021[14] Long-Range Plan (LRP) - The company aims to grow profitable market share by approximately $290 million in Adj EBITDA growth[20] - The company aims to further optimize gross margins by approximately $325 million in Adj EBITDA growth[25] - The company aims to improve operational efficiencies by approximately $235 million in Adj EBITDA growth[30]

WE HELP YOU MAKE IT " Q4 and Fiscal Year 2021 Results Introducing 2024 Long Range Plan February 17, 2022 Cautionary Statements Regarding Forward-Looking Information This presentation contains "forward-looking statements" within the meaning of the federal securities laws concerning, among other things, our liquidity, our possible or assumed results of operations, our expected cost savings synergies, our location openings and our business strategies, including our plans for growth, improved performance, enhan ...

US Foods Holding Corp. (NYSE:USFD) Q4 2021 Earnings Conference Call February 17, 2022 10:00 AM ET Company Participants Melissa Napier - Treasurer and SVP-IR Pietro Satriano - CEO Dirk Locascio - CFO Andrew Iacobucci - Chief Commercial Officer Bill Hancock - Chief Supply Chain Officer Conference Call Participants John Glass - Morgan Stanley John Heinbockel - Guggenheim Peter Saleh - BTIG Brian Mullan - Deutsche Bank Kelly Bania - BMO Capital Jeffrey Bernstein - Barclays Joshua Long - Piper Sandler Lauren Sil ...

Q3 Fiscal 2021 Results November 8, 2021 Cautionary statements regarding forward-looking information This presentation contains "forward-looking statements" within the meaning of the federal securities laws concerning, among other things, our liquidity, our possible or assumed results of operations and our business strategies. These forward-looking statements, including any statements regarding EBITDA guidance, rely on a number of assumptions and our experience in the industry and are subject to risks, uncer ...

US Food Holding Corp. (NYSE:USFD) Q3 2021 Earnings Conference Call November 8, 2021 10:00 AM ET Company Participants Pietro Satriano – CEO Melissa Napier – Treasurer & SVP-Investor Relations Dirk Locascio – CFO | --- | --- | |--------------------------------------------------|------------------------------| | | | | | Conference Call Participants | | Edward Kelly – Analyst | | | Lauren Silberma – Analyst | | | Mark Carden – Analyst | | | Nicole Miller – Analyst | | | Jeffrey Bernstein – Analyst John Glass – ...

Financial Data and Key Metrics Changes - Net sales for Q2 2021 were $7.7 billion, up 68% from Q2 2020 [37] - Adjusted EBITDA for the quarter was $332 million, a significant rebound from the previous year [44] - Adjusted net income in Q2 was $146 million, with adjusted diluted EPS at $0.58 compared to a loss in the prior year [47] Business Line Data and Key Metrics Changes - The restaurant segment is recovering rapidly, with case volumes ahead of 2019 levels [12][10] - The hospitality business is running at over 70% of 2019 case volumes, benefiting from increased leisure travel [14] - The healthcare business remains steady, with expectations for recovery in senior living facilities over time [16] Market Data and Key Metrics Changes - Foot traffic in restaurants is close to returning to pre-pandemic levels, with growth rates in high single digits for long-open markets compared to 2019 [11] - The company expects to return to pro forma 2019 total case volume levels later in 2022 [18] Company Strategy and Development Direction - The "Great Food Made Easy" strategy is driving market share gains, with a focus on product innovation and technology solutions [19][21] - The company is expanding its footprint with new store openings and enhancing its e-commerce platform [30][24] - The integration of recent acquisitions is on track, with expected synergies of $55 million by 2023 [30] Management's Comments on Operating Environment and Future Outlook - Management noted that while the operating environment remains challenging, they are effectively managing labor and supply chain issues [36] - The company anticipates that inflation will moderate, but does not expect the $25 million inflation benefit seen in Q2 to continue into Q3 or Q4 [50][70] - Management expressed confidence in achieving pre-pandemic performance levels, despite ongoing uncertainties in the labor market [46] Other Important Information - The company has proactively paid down $200 million in debt, resulting in a significant drop in leverage ratio [49] - Operating cash flow for the first half of the year was $250 million, indicating strong cash generation despite being in a recovery phase [48] Q&A Session Summary Question: What is the expectation for labor cost increases? - Management expects labor cost increases to moderate towards the end of the year as hiring progresses [56] Question: Update on driver and selector hiring? - The company has filled over a third of the gap in hiring drivers and selectors and is focused on reducing churn [60] Question: Is labor inflation transitory? - Management believes labor supply issues are transitory, particularly in states that have ended supplemental unemployment benefits [64] Question: Clarification on Q3 and Q4 EBITDA expectations? - Management indicated that Q3 and Q4 EBITDA will be lower than Q2 due to the absence of inflation benefits and increased operating expenses [50][70] Question: How is the competitive environment evolving? - The competitive environment remains stable, with some smaller competitors facing challenges, but the company is gaining market share [106]