Nomad Foods Limited (NYSE:NOMD) Q4 2023 Earnings Conference Call February 29, 2024 8:30 AM ET

Company Participants

Amit Sharma - Head, Investor Relations

Stefan Descheemaeker - Chief Executive Officer

Samy Zekhout - Chief Financial Officer

Conference Call Participants

John Baumgartner - Mizuho Securities

Steve Powers - Deutsche Bank

Rob Dickerson - Jefferies

Jon Tanwanteng - CJS Securities

Operator

Greetings, and welcome to the Nomad Foods Fourth Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Mr. Amit Sharma, Head of Investor Relations for Nomad Foods. Thank you. You may begin.

Amit Sharma

Hello, and welcome to Nomad Foods' fourth quarter 2023 earnings call.

I'm Amit Sharma, Head of Investor Relations. And I'm joined on the call today by Stefan Descheemaeker, our CEO, and Samy Zekhout, our CFO.

By now, everyone should have access to the earnings release for the period ending December 31, 2023 that was published at approximately 6:45 a.m. Eastern Time. The press release and investor presentation are available on Nomad Foods' website at www.nomadfoods.com. This call is being webcast and a replay will be available on the company's website.

This conference call will include forward-looking statements that are based on our view of the company's prospects, expectations and intentions at this time. Actual results may differ due to risks and uncertainties, which are discussed in our press release, our filings with the SEC and in our Investor Relations presentation, which includes cautionary language.

We will also discuss non-IFRS financial measures during the call today. These non-IFRS financial measures should not be considered a replacement and should be read together with IFRS results. Users can find the IFRS to non-IFRS reconciliation within our earnings release and in the appendices at the end of the slide presentation available on our website.

Please note that certain financial information within this presentation represents adjusted figures for 2022 and 2023. All adjusted figures have been adjusted for exceptional items, acquisition-related costs, share-based compensation and related expenses, as well as non-cash FX gains or losses. Unless otherwise noted, comments from hereon will refer to these adjusted numbers.

With that, I will hand you over to Stefan.

Stefan Descheemaeker

Thank you, Amit.

I would like to begin by offering a few highlights from our solid fourth quarter and full year results. I would then offer a few comments on our accelerated growth outlook and the health of the frozen categories, before handing it over to Samy for detailed review of our quarterly financial results and our initial 2024 guidance.