US Foods Holding Corp. (NYSE:USFD) Q4 2022 Earnings Conference Call February 16, 2023 10:00 AM ET Company Participants Adam Dabrowski - Director, Investor Relations Dave Flitman - Chief Executive Officer Andrew Iacobucci - Chief Transition Officer Dirk Locascio - Chief Financial Officer Conference Call Participants John Heinbockel - Guggenheim Securities Jeffrey Bernstein - Barclays Mark Carden - UBS Alex Slagle - Jefferies John Ivankoe - JPMorgan Kelly Bania - BMO Capital Brian Harbour - Morgan Stanley Edw ...

Financial Performance - Net sales grew by 11% to $8515 million in Q4 2022 and 15% to $34057 million for the full year[9] - Adjusted EBITDA increased by 34% to $350 million in Q4 2022 and 24% to $1310 million for the full year[9] - Adjusted EBITDA margin expanded by 70 bps to 41% in Q4 2022 and 20 bps to 38% for the full year[9] - Adjusted Diluted EPS grew by 45% to $055 in Q4 2022 and 38% to $214 for the full year[9] Capital Allocation and Debt Management - Net leverage reduced to 35x, down 11x compared to the prior year[6] - The company pre-paid $200 million of debt and extended ABL revolver maturity[6] - Share repurchases amounted to $14 million in Q4 2022 and $17 million in January 2023[6] Operational Efficiency and Growth - Total organic case volume increased by 26% and IND (Independent) organic case volume increased by 58% in Q4 2022[9] - The company exceeded 15x restaurant market growth in 2022[7] - Six CHEF'STOREs were opened in 2022, with plans to accelerate growth with 8+ openings in 2023[7] Fiscal Year 2023 Guidance - The company expects restaurant volume to grow ~15x market and all other volume to grow ~1x market[12] - Adjusted EBITDA is projected to be between $145 billion and $151 billion[12] - Adjusted Diluted EPS is expected to be between $245 and $265, assuming ~250 million shares outstanding[12]

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 ...