Nomad Foods Limited · NYSE:NOMD
Nomad Foods — Q3 2025 Earnings Presentation
22 slides from Nomad Foods's earnings presentation, Nov 6, 2025
Slide 1: Third Quarter 2025 Earnings Results
THIRD QUARTER 2025 Earnings Results November 6, 2025
Slide 2: Disclaimer
Disclaimer 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 this Presentation (unless stated otherwise). This Presentati
Slide 3: Third Quarter Highlights
Third Quarter Highlights • Organic growth contracted 1.6% on a -0.5% volume decline. Trends sequentially improved through the quarter and net sales returned to low-single-digit growth by quarter-end. • Category sales growth accelerated through the quarter and returned to 2%+ value growth. • Adjusted
Slide 4: Category Value Growth Remains Healthy; Volume and Value Growth Accelerated
Category Value Growth Remains Healthy; Volume and Value Growth Accelerated From Summer Weather Driven Lull Rolling 12wk Value and Volume Growth in the Combined Categories & Countries Where Nomad Foods Competes 6.0% 5.0% Yoy Share pt change (bps) 4.0% 3.0% 2.1% 2.0% 1.0% -0.1% 0.0% -1.0% -2.0% -3.0%
Slide 5: Market Share Remains Relatively Firm
Market Share Remains Relatively Firm Rolling 12wk Nomad Food’s YoY bps Share Change in the Combined Categories & Countries Where Nomad Foods Competes 60 40 Yoy Share pt change (bps) 20 - (3) (20) (40) (35) (60) (80) (100) P6 P7 P8 P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11 P12 P13 P1 P2 P3 P4 P5 P9 2024 202
Slide 6: Reinvigorating Our Must-Win-Battles; Progress in the UK
Reinvigorating Our Must-Win-Battles; Progress in the UK Rolling 12wk Nomad Food’s Retail Value & Volume Sell-through Growth in the UK (% YoY) 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% -2.0% -4.0% -6.0% -8.0% -10.0% P3 P10 P13 P7 P1 P2 P4 P5 P6 P7 P8 P9 P11 P12 P1 P2 P3 P4 P5 P6 P8 P9 P10 2024 2025 6 Valu
Slide 7: Fueling Our Growth Platforms; Strong Momentum
Fueling Our Growth Platforms; Strong Momentum 3Q25 Growth Platform Net Sales Growth +34% YoY 7
Slide 8: Third Quarter 2025 Key Financial Metrics
Third Quarter 2025 Key Financial Metrics Adjusted Adjusted Adjusted Total Revenue Gross EBITDA** EPS** Margin** €752m 28.1% €143m €0.49 -(1.6)% -420 bps YoY $0.56* organic** *Q3 25 Adjusted EPS converted to USD, the currency in which Nomad Foods shares trade, for illustrative purposes and based on U
Slide 9: Third Quarter 2025 Key Operating Highlights
Third Quarter 2025 Key Operating Highlights (in €m other than EPS) 3Q 2025 3Q 2024 YoY Change Revenue €752 €770 (2.2)% Organic revenue growth/(decline)* (1.6)% Adjusted gross profit* 212 248 (15)% Adjusted gross margin* 28.1% 32.3% (420) bp Adjusted operating expense* (94) (107) (12)% Depreciation &
Slide 10: 2025 YTD Free Cash Flow Highlights
2025 YTD Free Cash Flow Highlights 9 months ended 9 months ended (in €m) September 30, 2025 September 30, 2024 Adjusted EBITDA* €392 €428 Change in working capital (112) (132) Capital expenditures1 (60) (56) Cash taxes (55) (29) Cash interest & other2 (99) (106) Adjusted free cash flow* €66 €105 Adj
Slide 11: Guiding to the Low-End of Existing 2025 Ranges
Guiding to the Low-End of Existing 2025 Ranges Organic Revenue** Adjusted EBITDA** Adjusted EPS** Adjusted Free Cash Flow Conversion** 0% to -2% -3% to -7% €1.64 to €1.76 90%+ YoY YoY $1.89-$2.02* 11 *2025 Adjusted EPS guidance range converted to USD, the currency in which Nomad Foods shares trade,
Slide 12: Questions?
Questions?
Slide 13: Appendix
Appendix
Slide 14: Contents
Contents The following tables have been included to allow users to reconcile Non-IFRS financial measures as well as Adjusted financial information included within this presentation to reported IFRS financial measures. 1. Definitions of Non-IFRS financial measures referred to in this presentation. 2.
Slide 15: Definitions of Non-IFRS financial measures referred to in this presentation
1. Definitions of Non-IFRS financial measures referred to in this presentation Non-IFRS financial measures should not be considered as substitutes for, or superior to, measures of financial performance prepared in accordance with IFRS. They are limited in value because they exclude charges that have
Slide 16: Reconciliation from reported to organic revenue growth/(decline)
Reconciliation from reported to organic revenue growth/(decline) The following table is a reconciliation of reported revenue growth to Organic Revenue Growth for the three and nine month periods ended September 30, 2025. Year on Year Growth - September 30, 2025 compared to September 30, 2024 Three M
Slide 17: Reconciliation of Non-IFRS Financial Measures (continued)
2. Reconciliation of Non-IFRS Financial Measures (continued) Adjusted Statement of Profit or Loss (unaudited) Three Months Ended September 30, 2025 As reported for the three As adjusted for the three € in millions, except per share data months ended September Adjustments months ended September 30, 2
Slide 18: Reconciliation of Non-IFRS Financial Measures (continued)
2. Reconciliation of Non-IFRS Financial Measures (continued) Adjusted Statement of Profit or Loss (unaudited) Three Months Ended September 30, 2024 As reported for the three As adjusted for the three € in millions, except per share data months ended September Adjustments months ended September 30, 2
Slide 19: Reconciliation of Non-IFRS Financial Measures (continued)
2. Reconciliation of Non-IFRS Financial Measures (continued) Adjusted Statement of Profit or Loss (unaudited) Nine Months Ended September 30, 2025 As reported for the nine As adjusted for the nine € in millions, except per share data months ended September Adjustments months ended September 30, 2025
Slide 20: Reconciliation of Non-IFRS Financial Measures (continued)
2. Reconciliation of Non-IFRS Financial Measures (continued) Adjusted Statement of Profit or Loss (unaudited) Nine Months Ended September 30, 2024 As reported for the nine As adjusted for the nine € in millions, except per share data months ended September Adjustments months ended September 30, 2024
Slide 21: Reconciliation of Non-IFRS Financial Measures (continued)
2. Reconciliation of Non-IFRS Financial Measures (continued) Reconciliation of Profit for the period to Adjusted EBITDA (unaudited) Three months ended Nine months ended € in millions September 30, September 30, September 30, September 30, 2025 2024 2025 2024 Profit for the period 57.6 70.3 147.4 175
Slide 22: Reconciliation of Non-IFRS Financial Measures (continued)
2. Reconciliation of Non-IFRS Financial Measures (continued) Reconciliation of reported net cash flows from operating activities to Adjusted free cash flow for the nine months ended September 30, 2025 and the nine months ended September 30, 2024. Nine months ended Nine months ended (in €m) September